Many people know that life insurance provides a guaranteed death benefit¹. Many may even know that permanent life insurance contains a cash-value element that grows tax-deferred inside the contract and is available through loans and withdrawals². What many don't realize is that certain types of life insurance offer you the control over how your money is invested. These types of insurance are known collectively as variable universal life insurance.

Variable universal life insurance is a flexible premium adjustable life insurance policy that allows you to...

• adjust the level of coverage

• set the amount and timing of your premium payments

• use the cash value of the policy to meet other financial needs - including funding a college education and building retirement income

• control how your premiums are invested by choosing from a number of Separate Account investment portfolios

¹Guarantees are based on the claims-paying ability of Midland National.

²Withdrawals of premium paid are not treated as income and are therefore not subject to income tax. Withdrawals of earnings may be subject to taxation. Midland National does not give tax or legal advice. You should consult a professional prior to making a purchasing decision