Midland National Life Insurance, a subsidiary of Sammons Financial is the first to launch a fixed index annuity (FIA) aligned with sustainable investing via the newly deployed BlackRock ESG US 5% Index.

The firm made the ESG index available on two of its established FIAs including the MNL IncomeVantage Pro and MNL RetireVantage, as well as its new MNL Accelerate 5 fixed index annuity which launched on 30 March 2021. MNL Accelerate 5 is only available through Midland National and features a short-term offering five-year guaranteed participation rates.  When we look at the RILA, what we see is that the customer is demanding upside-growth opportunity with limited downside According