Sammons Institutional Group launches Summit Laddered

Sammons Institutional Group has launched Summit Laddered, a new fixed index annuity designed to simplify allocation decisions while offering downside protection and index-linked upside potential.

Issued by Midland National Life Insurance Company, the product features an automatic laddered allocation strategy that spreads premium across multiple crediting terms over either a five- or seven-year surrender period. Unlike traditional fixed index annuities that require periodic reallocation, Summit Laddered manages allocations automatically throughout the surrender charge period, aiming to smooth timing risk and reduce ongoing decision-making for clients and advisors.

“The automatic structure of the Laddered Allocation Strategy means allocations are managed for clients throughout the surrender charge period. The Summit Laddered is an excellent option for those wanting to streamline decisions and not put all index account premium in one crediting time frame.”- Greg Bonzagni, Vice President and Head of Distribution at Sammons Institutional Group.