Strength Since 1906 Midland National Midland National’s story is a classic example of American perseverance and ingenuity. Since 1906, Midland National has survived and thrived through two world wars, the Great Depression, the Dust Bowl, Products At-A-Glance and multiple recessions. Now with over 100 years under its belt, Midland National holds over one million life insurance and annuity policies with assets of over $44 billion. Source: Midland National 2015 Annual Report.

• A+ (Superior) A.M. Best A.M. Best is a large third‐party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance and ability to meet its obligations What is your client’s to policyholders. A+ is the second highest rating out of 15 categories and was affirmed for Midland National Life Insurance Company as part of Sammons Financial Group on July 14, 2016. For the latest rating, access www.ambest.com. • A+ (Strong) Standard & Poor’s Standard and Poor’s awarded its “A+” (Strong) rating for insurer financial strength on February 26, 2009 and affirmed on July 2, 2015 to Midland National Life Insurance Company, as part of Sammons Financial Group. The “A+” (Strong) rating is the fifth highest out of 22 available ratings. FOCUS? Questions? Need illustration help? Call our Sales Support team at 800-843-3316 ext. 32150. Protection...Growth...Flexibility... Midland National has a product for every focus.

Administrative Office • One Sammons Plaza • Sioux Falls, SD 57193 MidlandNational.com

Executive Term CS3 (policy form series T082E1), Premier Term (policy form series T142), Essential Guaranteed UL 4 (policy form series L138), UL-DB (policy form series L137), UL-CV (policy form series L136), XL-DB4 (policy form series L143), XL-EC5 (policy form series L144, L144W with the Waiver of Surrender Charge), XL-CV5 (policy form series L140), Legacy Guaranteed SIUL (policy form series L139 without Waiver of Surrender Charge and L139W with Waiver of Surrender Charge), Accelerated Benefit Endorsement for Critical, Chronic and Terminal Illness (form series TR169), Accelerated Benefit Endorsements for Chronic and Terminal Illness (form series TR153, TR155, TR182 and TR184), Accelerated Death Benefit Endorsement for Chronic Illness (form series TR193), Accelerated Death Benefit Endorsement for Terminal Illness (form series, TR154, TR156, TR164, TR183 and TR185), Accelerated Benefit Rider - Terminal Illness (form series TR138A - Florida Only), Premium Guarantee Rider (form series TR174), Estate Preservation Rider (form series TR149), Survivorship LOOK INSIDE! Policy Split Exchange Endorsement (form series TR150) and the Graded Conversion Credit Rider (form series TR127), are underwritten and issued by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD, 57193. Products, features, endorsements, riders or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Indexed Universal Life products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance. Neither Midland National nor its agents give tax advice. Please advise your customers to consult with and rely on a qualified legal or tax advisor before entering into or paying additional premiums with respect to such arrangement.

221MM 11/16 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. 221MM 11/16 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. All of our Protection – Growth – Flexibility Universal Life products include Two-Year Rolling Target Premiums!

Focus on: Flexibility Focus on: Growth Focus on: Life Insurance Accelerated Death Benefits No matter whether your clients are focused on Tax-Deferred Midland National offers living benefits that allows the policyowner to Our Universal Life products offer policy cash values that grow on a tax- accelerate a portion of the death benefit should the insured become death benefit protection, growth or flexibility, deferred basis4 and can be used while you’re living. critically, chronically or terminally ill, subject to eligibility. The funds Midland National has life insurance products that could be used to cover any expense including nursing or home health Interest Bonus can be the cornerstone of their financial plan. care costs. These benefits are automatically included for no additional All of our Universal Life products (except Essential Guaranteed UL) offer premium on eligible policies.9 interest bonuses5, which amply reward clients with a long-term focus. For Indexed UL products, we offer interest bonuses on both the fixed Guaranteed Convertibility and index accounts. Flexibility for future sales! Clients can convert our term policies to any of our current permanent products available at the time of Focus on: Protection Index Selections conversion without evidence of insurability.10 Executive Term offers Our Indexed UL products offer four indexes and three crediting an outstanding conversion credit: 100% of base premium paid in the Death Benefit methods combined for a total of 10 index selections. Plus, the index first five policy years is credited to the new policy. In policy years six All life insurance offers a death benefit that’s generally free account has a zero percent floor – the value in the index account does through eight, a percentage of the total premium paid will be credited from income taxes. With face amounts from $25,000 to not decrease due to the change in the index. In no case will the interest to the new policy. Partial conversions receive a prorated credit. $1,000,000 and more, you’ll be able to find a policy that credited be less than zero percent. So, negative index performance Conversion Credit applies to the Base Plan and OIR riders only. meets your client’s death benefit requirements. won’t inhibit earning potential. Indexes are subject to caps. It does not apply to other Term riders. Guaranteed Level Premium Duration For more information on index selections and crediting methods, refer to the Index Selections Waiver of Surrender Charge11 Our term products offer level premium durations up to 30 brochure (225MM). For a listing of caps and participation rates, refer to the Index Caps and 1 Participation Rates brochure (224MM). Clients requiring higher cash values may elect the Waiver of Surrender years and competitive premiums. Charge Option included with UL-CV, XL-EC5 and Legacy Guaranteed 6 Death Benefit Guarantees2 Choice of Policy Loans SIUL. For a monthly fee of a few cents per $1,000 of face amount ® Midland National’s Universal Life and Indexed Universal Life products depending on issue age and underwriting class, we will waive the Essential Guaranteed UL offers a guaranteed death benefit to 7 any age up to 120, and with XL-DB4 your client can purchase offer standard loans and contractually guaranteed net zero cost loans. surrender charge should they surrender the policy early. Does not a rider that guarantees the death benefit. The death benefit Net zero cost loans are generally available after five policy years apply to policy surrenders for 1035 exchanges to another company. depending on the product. With these loans, we guarantee that the guarantee is flexible – just pay more or less premium to Overloan Protection12 adjust the length of the death benefit guarantee. interest we charge is the same amount as the interest we credit to the portion of borrowed funds. The result is a net zero cost. An important benefit for those clients that will use their policy as an Table Shaving3 income supplement vehicle, the Overloan Protection Benefit may also Table Shaving is available with UL-CV and XL-EC5 when Our Indexed UL products also offer variable interest rate loans8 after keep the policy from lapsing due to excessive loans and continue to the Waiver of Surrender Charge option is elected. When one or five policy years depending on the product. With these loans, provide death benefit coverage. If elected, the guarantee provided a person applies for life insurance coverage, his or her the loaned portion of the cash value remains in the index account and by this benefit may help a client avoid the adverse tax consequences health is evaluated and a corresponding underwriting receives the same interest as non-loaned money. The rate charged on that can result from a policy lapsing due to excessive loans or 6 rating is applied. Table Shaving allows certain substandard variable interest rate loans is tied to the Moody’s Corporate Bond Yield withdrawals. See chart for availability. underwriting rates (known as “table ratings”) to be improved as published by Moody’s Investor’s Services, Inc. Only one loan type Protected Death Benefit Option12 to a “standard” rating. A “standard” rating generally indicates is available at a time, but policyowners may switch between loan types The Protected Death Benefit is an excellent option for clients who average health and provides a lower life insurance premium (at no cost) on a monthly-anniversary. The remaining balance will be desire the guarantee of a specific death benefit amount upon their than do substandard ratings. transferred to the new loans. death and will also use their policy to help supplement their income. The guarantee provided allows the client to choose their minimum Agents offering, marketing, or selling accelerated death benefits for chronic illness in California must be able to describe the differences between benefits provided under an accelerated death benefit for death benefit amount, while they continue to access their accumulated chronic illness and benefits provided under long-term care insurance to clients. You must provide clients with the ADBE Consumer Brochure for California Form 20501 that includes this comparison. policy values through loans or withdrawals.6 See chart for availability. Comparison is for solicitation purpose only, not for conversions. 1. After the premium guarantee period, premiums will increase annually but will never exceed the Guaranteed Annual Renewal Premium. 2. Subject to premium payment requirements. 3. When a person applies for life insurance coverage, his or her health is evaluated and a corresponding underwriting rating is applied. This product’s table shaving features allow certain substandard underwriting rates (known as “table ratings”) to be improved to a “standard” rating. A “standard” rating generally indicates average health and involves a lower life insurance premium than do substandard ratings. 4. The tax-deferred feature of the indexed universal life policy is not necessary for a tax-qualified plan. In such instances, your client should consider whether other features, such as the death benefit and optional riders make the policy appropriate for your client’s needs. Before purchasing this policy, your client should obtain competent tax advice both as to the tax treatment of the policy and the suitability of the product. 5. For UL products and the fixed account on Indexed UL products, the interest bonus is conditionally guaranteed and may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change. In Texas, interest bonuses are available on Indexed UL products only. 6. In some situations loans and withdrawals may be subject to federal taxes. Midland National does not give tax or legal advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their specific situation. Income and growth on accumulated cash values is generally taxable only upon withdrawal. Adverse tax consequences may result if withdrawals exceed premiums paid into the policy. Withdrawals or surrenders made during a Surrender Charge period will be subject to surrender charges and may reduce the ultimate death benefit and cash value. Surrender charges vary by product, issue age, sex, underwriting class, and policy year. 7. Net Zero Cost Loans are loans charged and credited at the same interest rate percentage for a net zero cost. The policy year and amount available vary by product. Please refer to the specific product marketing guide or contact the marketing department for details. 8. The net cost of a variable interest rate loan could be negative if the credits earned are greater than the interest charged. The net cost of the loan could also be larger than under standard policy loans if the amount credited is less than the interest charged. In the extreme example, the amount credited could be zero and the net cost of the loan would equal the maximum interest rate charged on variable interest loans. In brief, Variable Interest Rate Loans have more uncertainty than Standard Policy Loans in both the interest rate charged and the interest rate credited. 9. Subject to eligibility requirements. The death benefit will be reduced by the amount of the death benefit accelerated. Since benefits are paid prior to death, a discount will be applied to the death benefit accelerated. As a result, the actual amount received will be less than the amount of the death benefit accelerated. An administrative fee applies to each terminal and chronic election. There is no administrative fee for critical illness. Critical benefit not available in Florida, California or Connecticut. Critical illness benefit not available on UL-DB and UL-CV in Pennsylvania. 10. Guaranteed convertible to an individual permanent life insurance policy then available from Midland National for Conversion, subject to the terms of the policy. 11. Available for an additional charge per $1,000 of face amount per month, depending on issue age and underwriting class. Surrender charges will be waived upon a full surrender or partial surrender. Surrender charges will not be waived if the policy is surrendered under a 1035 Exchange (except in Florida). A decrease charge will be assessed if a reduction in the policy face amount is requested during the Waiver of Surrender Charge Period. However for XL-EC5, if a partial withdrawal results in a reduction of the face amount, the withdrawal charge is waived. 12. Some living benefits cannot be elected simultaneously. If the overloan protection benefit is elected, the accelerated death benefits and the protected death benefit cannot be elected. 221MM 11/16 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. Products At-A-Glance

Focus On Focus On Focus On Focus On Guarantees Low Cost Early Cash Values Cash Value XL-DB4 w/PGR XL-DB4 (Base Policy) XL-EC5 XL-CV5 Market: Ideal for clients who desire an extended death benefit guarantee with Market: For clients requiring a cash value accumulation product with a Market: For plans requiring early access to cash value including wealth Market: Designed for high long-term cash value accumulation strong potential for cash value accumulation. low-cost structure and low face amount. Excellent for single-pay and transfer, longevity planning, and business insurance concepts. potential – especially the retirement planning market. May be short-pay cases. appropriate for cases with a high funding level. Indexed Highlights: Highlights: Universal • Optional Premium Guarantee Rider extends the No-Lapse Guarantee period Highlights: • No Premium Load Highlights: Life to any age up to 1202 • Potential for high long-term cash value growth • Liquidity via Waiver of Surrender Charge Option11 with Table Shaving3 • Designed to support higher caps and pars • Interest bonuses on both the fixed and index account5 • Low-cost structure for low premium to carry • Return of Premium Death Benefit option • Interest bonuses on both the fixed and index accounts5 • Guaranteed Net Zero Cost Loans in years 6+7 • Interest bonuses on both the fixed and index accounts5 • Interest bonuses on both the fixed and index accounts17 • Guaranteed Net Zero Cost Loans in years 6+7 • Overloan Protection Benefit option12 • Guaranteed Net Zero Cost Loans in years 6+7 • Guaranteed Net Zero Cost Loans in years 6+7 • Overloan Protection Benefit option12 • Protected Death Benefit option12 • Overloan Protection Benefit option12 • Protected Flexibility Rider (Overloan Protection and Protected Death • Protected Death Benefit option12 • Accelerated death benefit for critical, chronic and terminal illnesses9 • Protected Death Benefit option12 Benefit options)12 • High target premiums • Accelerated death benefit for critical, chronic and terminal illnesses9 • Accelerated death benefit for critical, chronic and terminal illnesses9 • Accelerated death benefit for critical, chronic and terminal illnesses9

Legacy Guaranteed® SIUL (Base Policy) Legacy Guaranteed® SIUL w/ Waiver of Surrender Legacy Guaranteed® SIUL (Base Policy) Market: Families requiring an inexpensive product for estate planning or Market: For clients interested in longevity planning, buy-sell business Market: For clients interested in building an estate, wealth transfer, offsetting wealth transfer – especially if one applicant has poor health. planning, and/or passing the family business down while equalizing estate taxes8, and/or equalizing inheritances. inheritances. Survivorship Highlights: Highlights: (Second-to-Die Life Insurance) Highlights: • A survivorship policy is usually less premium than two separate UL policies. • Interest bonuses on both the fixed and index accounts18 • Liquidity via Waiver of Surrender Charge Option11 • Interest bonuses on both the fixed and index accounts15 • Guaranteed Net Zero Cost Loans in years 6+7 • Return of Premium Death Benefit option • Guaranteed Net Zero Cost Loans in years 6+7 • Estate Preservation Rider • Interest bonuses on both the fixed and index accounts18 • Estate Preservation Rider • Survivorship Policy Split Exchange Endorsement • Guaranteed Net Zero Cost Loans in years 6+7 • Survivorship Policy Split Exchange Endorsement • Accelerated death benefit for chronic and terminal illnesses9 • Estate Preservation Rider • Accelerated death benefit for chronic and terminal illnesses9 • Survivorship Policy Split Exchange Endorsement • Accelerated death benefit for chronic and terminal illnesses9

Essential Guaranteed® UL UL-DB UL-CV w/ Waiver of Surrender and Return of Premium UL-CV (Base Policy) Market: Ideal for clients looking for affordable long-term guaranteed death Market: Ideal for clients requiring affordable long-term coverage with cash Market: Clients seeking early cash value accumulation, especially for business Market: Clients seeking potential for long-term cash value accumulation for Universal benefit protection and are not concerned with cash value accumulation. value accumulation. insurance plans, protection for outstanding loans and longevity planning. retirement planning and similar needs. Life & Highlights: Highlights: Highlights: Highlights: Guaranteed UL • Guarantee the death benefit to any age up to 1202 • Low-cost structure for low premium to carry and endow • Liquidity via Waiver of Surrender Charge Option11 with Table Shaving3 • Conditionally guaranteed premium bonus and interest bonus19 • Ability to create a “Prepayment Discount” by paying more premium earlier in • Conditionally guaranteed interest bonus5 • Return of Premium Death Benefit option • Guaranteed Net Zero Cost Loans in years 6+7 the contract, resulting in a lower total paid premium to guarantee the policy • Guaranteed Net Zero Cost Loans in years 11+7 • Conditionally guaranteed premium bonus and interest bonus19 • Overloan Protection Benefit option12 • Guaranteed exchange privilege allows exchange to accumulation UL • Accelerated death benefit for critical, chronic and terminal illnesses9 • Guaranteed Net Zero Cost Loans in years 6+7 • High target premiums products without evidence of insurability and NO surrender charge13 • Overloan Protection Benefit option12 • Accelerated death benefit for critical, chronic and terminal illnesses9 • Guaranteed Net Zero Cost Loans in years 21+7 • Accelerated death benefit for critical, chronic and terminal illnesses9 • Accelerated death benefit for critical, chronic and terminal illnesses9

Executive Term Premier Term 13. Allows policy owner the right to exchange policy, without evidence of insurability and surrender charges, to one of our cash value accumulation universal life policies available at the time of exchange. The Cash Surrender Value on the new policy may not be greater than the Cash Surrender Value on the policy being exchanged. Not available for policy ages 76 and above or if there is an outstanding policy loan. Market: Ideal for the middle income market and clients with upward mobility. Market: Ideal for competitive situations and large cases. 14. Subject to conversion requirements. Partial conversions receive a prorated credit. Conversion Credit applies to the Base Plan and OIR riders only. It does not apply to other Term riders. 100% of base premiums can be Term recaptured in the first five years by applying them to conversion, and a percentage of these five-year premiums is applied on conversion in years six through eight. Highlights: Highlights: 15. If we are crediting interest in excess of the guaranteed interest rate and your client’s policy is in effect after the 10th policy anniversary, your client’s policy will receive an Interest Bonus. The Interest Bonus is 0.50% above the then current interest rate in years 11-20, increasing to 0.75% in years 21 and thereafter. • Competitive conversion features including a Graded Conversion • Offers 10, 15, 20 and 30-year level premium guarantee periods, depending 16 16. Premiums are guaranteed to remain level for the initial 10, 15, 20, or 30 year period. After the premium guarantee period, premiums will increase annually but will never exceed the Guaranteed Annual Renewal Premium. 14 on issue age Credit Rider 17. If we are crediting interest in excess of the guaranteed interest rate and your client’s policy is in effect after the 15th policy anniversary, your client’s policy will receive an Interest Bonus. The Interest Bonus is 0.75% above • Guaranteed convertibility without evidence of insurability10 • $100,000 minimum face amount the then current interest rate in years 16 and thereafter. The Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change. 18. If we are crediting interest in excess of the guaranteed interest rate and your client’s policy is in effect after the 10th policy anniversary, your client’s policy will receive an Interest Bonus. The Interest Bonus is 0.50% above • Accelerated death benefit for terminal illness • Accelerated death benefit for terminal illness the then current interest rate in years 11-20, increasing to 0.75% in years 21 and thereafter. 19. Conditionally Guaranteed Interest Bonus - If we are crediting interest in excess of the guaranteed interest rate and your client’s policy is in effect after the 10th policy anniversary, your client’s policy will receive an Interest • Our top commission term product Bonus. The Interest Bonus is 1.0% above the then current interest rate in years 11-20, increasing to 1.15% in years 21 and thereafter. The Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change. Not available in Texas.

221MM 11/16 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.