Securian Financial Introduces New Multi-Year Guaranteed Annuity
ST. PAUL, Minn.--(BUSINESS WIRE)--Jan 10, 2019--Securian Financial has launched SecureOption® Choice, a new fixed deferred annuity designed to give financial professionals a competitive edge in the multi-year guaranteed annuity (MYGA) marketplace.
SecureOption® Choice, issued by Minnesota Life Insurance Company, has product features designed to help clients plan for their financial future. It offers guaranteed interest throughout the term of the annuity with no exposure to market risk.
Key product features include:Competitive rates Attractive liquidity features 3-, 5-, 7- and 9-year guarantee periods 10 percent free annual withdrawals after the first year Securian Financial’s strength and ratings*
“Clients continue to seek retirement products offering guaranteed returns. SecureOption® Choice gives financial professionals a competitive new option to meet this growing need,” said Chris Owens, Securian Financial’s national sales vice president for retail life insurance and annuities.
SecureOption® Choice is available to all Securian Financial-approved distribution channels. Financial professionals interested in learning more can call the Securian Financial Sales Desk at 1-866-335-7355.
*All ratings information as of March 7, 2018. These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company. To learn more about Securian Financial’s strength and ratings, visit securian.com/ratings.
ABOUT SECURIAN FINANCIAL At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59 ½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax-qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but tax and penalties may apply to non-qualified distributions. Please consult a tax advisor for specific information. There are charges and expenses associated with annuities, such as deferred sales charges for early withdrawals.
SecureOption Choice contains a Market Value Adjustment. A Market Value Adjustment adjusts the annuity’s value to reflect the changes in interest rates since the contract was purchased. Depending on the direction interest rates have taken since the contract was opened, the MVA can have a positive or negative impact on the value of the annuity.
Some products and optional features may not be available in all states and features may vary by state. Not all products, features and optional benefits are available from all selling firms or broker-dealers.
Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
This is a general communication for informational and educational purposes. The materials and the information are not designed, or intended, to be applicable to any person’s individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. If you are seeking investment advice or recommendations, please contact your financial professional.
A purpose of the method of marketing is solicitation of insurance and that contact will be made by an insurance agent or agency.
Policy form numbers: ICC18-70415, 18-70415, ICC18-70416, 18-70416, ICC18-70417, 18-70417, ICC18-70419, 18-70419, ICC18-70421, 18-70421, 18-70437, 18-70438, 18-70440, 18-70442.
Securian Financial is the marketing name for Securian Financial Group, Inc. and affiliates. Minnesota Life Insurance Company and Securian Life Insurance Company are affiliates of Securian Financial Group, Inc.
NOT A DEPOSIT – NOT FDIC/NCUA INSURED – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY – NOT GUARANTEED BY ANY BANK OR CREDIT UNION – MAY GO DOWN IN VALUE.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005128/en/
CONTACT: Securian Financial
Jeff Bakken, Media Relations
KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA
INDUSTRY KEYWORD: SENIORS WOMEN PROFESSIONAL SERVICES FINANCE INSURANCE CONSUMER MEN
SOURCE: Securian Financial
Copyright Business Wire 2019.
PUB: 01/10/2019 09:00 AM/DISC: 01/10/2019 09:00 AM