The product incorporates an automatic laddered allocation strategy, which distributes premium across four strategies with different crediting term lengths.
Sammons Institutional Group announced that Midland Retirement Distributors and Sammons Retirement Solutions, divisions of Sammons Institutional Group, have introduced the Summit LadderedSM Fixed Index Annuity. The Summit LadderedSM incorporates an automatic Laddered Allocation Strategy Issued by Midland National Life Insurance Company, the product is presented as an option for clients seeking market loss protection combined with i