The chart below provides Historical Averages of the performance of the various Indices and crediting methods available in the XL Indexed Universal Life products. You may choose to allocate premium into any one or a combination of index selections. The highlighted sections reflect performance that would have been realized in Midland National Life Insurance Company's Indexed UL products with our current caps and participation rates. Note: Caps and participation rates are not identical for all products.

Information compiled by Midland National on 2/5/2012. Historical performance of the indices is not intended to predict or project performance.

Indexed Universal Life products are not an investment in the "market" or the applicable index. Indexed Universal Life products are subject to all policy fees and charges normally associated with most universal life products.

Participation rate and/or cap rate, and any other non-guaranteed components of the indexing formula may change and may be different in the future.

"Standard & Poor's®", "S&P®", "S&P MidCap 400®", "S&P 500®", "Standard & Poor's 500", "Standard & Poor's 400", "400" and "500" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Midland National Life Insurance Company.

The Dow Jones Industrial Average^SM is a product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and has been licensed for use. "Dow Jones^®", "Dow Jones Industrial Average^SM", "DJIA^SM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME Indexes and sublicensed for use for certain purposes by Midland National. Midland National’s Indexed Universal Life Insurance products, based on the Dow Jones Industrial Average^SM, are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of them makes any representation regarding the advisability of investing in such products.

The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The Index Accounts in this Product based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

Russell 2000® Index is a trademark of Frank Russell Company and has been licensed for use by Midland National.

The NASDAQ-100^®, NASDAQ-100 INDEX^® and NASDAQ^® are registered marks of the NASDAQ Stock Market Inc. (which with its affiliates are the “Corporations”) and are licensed for use by Midland National Life Insurance Company. This product has not been passed on by the Corporations as to their legality or suitability. This product is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THIS PRODUCT. THIS INDEX DOES NOT INCLUDE DIVIDENDS PAID BY THE UNDERLYING COMPANIES.

Indexed Universal Life is not sponsored, endorsed, sold or promoted by the S&P 500^®, S&P MidCap 400^®, DJIA^SM, EURO STOXX 50^®, NASDAQ-100^®, and Russell 2000^®, and they make no representation regarding the advisability of purchasing this contract or investing in this product.

Midland National's XL-DB, XL-DB2, XL-CV4, and XL-EC3 indexed universal life insurance policies are issued on form series L130, L143, L133, and L134 respectively, Legacy Guaranteed SIUL is issued on policy form series L139 without the Waiver of Surrender Charge Option and policy form series L139W with the Waiver of Surrender Charge. Products, features, endorsement, riders, or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Surrenders made during a Surrender Charge Period may reduce the death benefit and cash value.