RetireOne and Midland National Announce Constance Enhancements

Addition of 255 funds and models, new Portfolio Builder tool, and reduction in certificate fees among changes

San Francisco, CA – May 26, 2022 — RetireOne®,the leading platform for fee-based insurance solutions, and Midland National Life Insurance Company (Midland National) today announced the addition of Mutual Funds, Exchange-Traded Funds (ETFs), and models to the lineup of investment options covered by Constance – a unique, zero-commission portfolio income insurance solution designed expressly for RIAs.

Launched in October of 2021, Constance allows RIAs to wrap client brokerage accounts, IRAs, or Roth IRAs with lifetime income protection, enabling advisors to continue to oversee client assets as they enter retirement and begin the decumulation phase. The addition of 195 ETFs and mutual funds from Cambria, Fidelity, Inspire, iShares, Invesco, Nuveen, Schwab, and more brings the tally to 390. Among 60 new models added to the lineup are options from Dimensional, Horizon, WealthCare, Delaware Funds, American Funds, Dynamic Wealth, and Inspire.

“Retirement remains the primary goal for most investors, so leveraging Cambria ETFs to help investors decumulate and protect retirement income via a Contingent Deferred Annuity (CDA) is an important and novel step that we are excited to take with RetireOne,” said Meb Faber, co-founder and the Chief Investment Officer of Cambria Investment Management. “Exposure to Cambria ETFs and portfolio insurance within RetireOne’s Constance CDA can help position investors to more effectively manage longevity and sequence of return risks as they approach and enter retirement. We pride ourselves at Cambria Investment Management on innovating by providing uniquely useful ETFs, and seeing five of them offered within the Constance platform shows again how ETFs continue to find new roles to play in solving big problems for investors.”

Constance certificate fees have also been reduced to lower the cost of insurance. RetireOne CEO and Co-Founder David Stone explains, “As we build and evolve this unique portfolio income insurance solution, we want to make it as easy as possible for advisors to cover their preferred strategies in client portfolios. To that end, we continue to collaborate with our partner firms and RIAs interested in building durable sustainable income streams for clients to include those investment options.”

In addition to new investment options and reduced certificate fees, RetireOne has developed a new Portfolio Builder tool to help RIAs construct portfolios of publicly traded mutual funds and ETFs covered by Constance. By designing portfolios and determining their allocation percentages, advisors may better understand which coverages and Asset Allocation Tiers may best meets their clients’ needs.

Advisors who would like to learn more about how they can begin to leverage Constance for their clients can schedule a meeting, or call their RetireOne Relationship Manager at (877) 575-2742. For additional information, visit­­­­­­

About RetireOne

Serving over 1,000 RIAs and fee-based advisors since 2011, ­­RetireOne® is the leading, independent platform for fee-based insurance solutions. With offerings from multiple “A” rated companies, RIAs may access this fiduciary marketplace at no additional cost to them or their clients. Currently servicing over $1.5 billion of retirement savings and income investments, RetireOne continues to grow in its mission to provide advisors and their clients’ valuable retirement solutions that are simple to use, easy to understand, and delivered with outstanding service. Learn more at and follow us on Twitter @RetireOne and LinkedIN.

About Midland National Life Insurance Company

For more than 115 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company’s strength to its commitment to stability, innovation, and dedicated customer service. Midland National is accredited by the Better Business Bureau, and has earned an A+ (Superior) rating from A.M. Best, 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 ongoing obligations to policyowners. This rating is the second highest out of 15 categories and was affirmed by A.M. Best for Midland National as part Sammons® Financial Group, Inc. on July 30, 2021.

Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuity division in West Des Moines, Iowa, and its life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.


The Certificate is designed to protect investors who are concerned that, either because of withdrawals over time, poor market performance, or both, their Covered Asset Pool may be depleted during their lifetime. To address that need, the Certificate in effect provides a limited form of insurance against outliving assets. The Certificate has no cash value, surrender value or death benefit. The Certificate is intended for long-term investment purposes. You and your client should consider the risks and expenses of the annuity carefully before investing. The prospectus contains this and other information. You or your client can call 877-575-2742 to obtain a current prospectus for the contingent deferred annuity. Inform investors to read it carefully before investing.

Securities offered through EF Legacy Securities, LLC (EFLS). EFLS is a member of FINRA/SIPC, registered in all 50 states and is a licensed insurance agency (resident KY license no. DOI-896601). In CA, EFLS is doing business as EF Legacy Insurance Agency LLC (nonresident license no. 0L01472).

The Constance℠ Group Contingent Deferred Annuity is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266, offered by EF Legacy Securities, LLC (dba RetireOne), member FINRA and underwritten by Sammons Financial Network®, LLC., member FINRA. Sammons Financial Network®, LLC., and Midland National® Life Insurance Company are wholly owned subsidiaries of Sammons® Financial Group, Inc. and are not affiliated with EF Legacy Securities, LLC., and RetireOne.

The Constance℠ Group Contingent Deferred Annuity can play an important role in your retirement plan but may not be for everyone. Before investing, you and your financial advisor should discuss aspects that affect the appropriateness of your situation, including cost, investment timeframe and other retirement assets you may have. The Certificate is intended for long-term investment purposes. Excess withdrawals may significantly decrease and even terminate the benefits provided by the Certificate.



Media Contacts

Will Ruben

Midland National, a Sammons Financial Group company

Kevin Waetke