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Variable individual annuities

Flexible solutions for your unique clients

Help achieve your clients’ retirement saving and income goals by offering Securian Financial’s suite of MultiOption® variable annuities. Featuring a variety of investment options for potential growth, and the opportunity to add optional living or death benefits (for an additional cost) for additional protection and potential growth, you can help clients find a solution that fits the lifestyle they envision.

MultiOption Momentum

MultiOption Momentum is an investment-only variable annuity (IOVA) offering a distinct combination of variable investment options and indexed accounts. It is designed for clients looking for accumulation and tax efficiencies.

   
Contract type Flexible payment
Maximum issue age 85 for either owner and/or annuitant
Purchase payments Initial: $25,000; Subsequent: $500; Maximum: $2 million without prior approval
Annual cost Mortality and expense risk charge: 0.75%; Administrative charge: 0.15%; Maintenance fee: $50 (waived on contracts $75,000 and over)
Deferred sales charge From each purchase payment: 5 years (% = 8, 8, 7, 6, 5, 0)
Waiver for hospital, medical care, terminal illness, death, annuitization, Enhanced Liquidity Option
Investment options More than 70 variable investment options, two index options, plus a 6- and 12- month DCA fixed account
Optional living benefits
  • Enhanced Liquidity Option (0.45%)
  • Return of Purchase Payments Death Benefit [0.15% (0.40% if age at issue is 71-80)]
  • Premier Protector Death Benefit (0.90%)
Death benefit Contract value, plus any excess of Guaranteed Minimum Surrender Value over value of indexed accounts

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MultiOption Guide B Series

MultiOption Guide B Series is a traditional deferred variable annuity. Designed for clients looking for market participation, tax-deferred growth for retirement, and the flexibility to add additional asset and income guarantees through an optional benefit (for an additional cost).

   
Contract type Flexible payment
Maximum issue age 85 for either owner and/or annuitant
Purchase payments Initial: $10,000; Subsequent: $500; Maximum: $1 million without prior approval
Annual cost Mortality and expense risk charge: 1.20%; Administrative charge: 0.15%; Maintenance fee: $50 (waived on contracts $50,000 and over)
Deferred sales charge From each purchase payment: 7 years (% = 8, 8, 7, 6, 5, 4, 3, 0)
Waiver for hospital, medical care, terminal illness, death, annuitization
Investment options More than 70 variable investment options, plus a 6- and 12- month DCA fixed account
Optional living benefits
  • SureTrack Plus 90 (1.30%)
  • MyPath Edge (1.50% Single/Joint with Level and Plus income options)
  • MyPath Horizon (1.50% Single, Joint and Joint 50)
  • MyPath Journey (1.50% Single, Joint and Joint 50)
Death benefit Greater of contract value or purchase payments adjusted pro-rata for withdrawals
Optional death benefits
  • Highest Anniversary Value II (0.30%)
  • Premier II (0.80%)
  • Premier Protector (0.90%)
  • Estate Enhancement Benefit II (0.25%)

MultiOption Extra

MultiOption Extra is a bonus class deferred variable annuity featuring a 7% Credit Enhancement on each purchase payment received in the first year. This annuity is designed for clients looking for market participation, tax-deferred growth for retirement, and the flexibility to add additional guarantees through an optional benefit (for an additional cost).

   
Contract type Flexible payment with 7% bonus feature (with vesting and recapture provisions)
Maximum issue age 80 for either owner and/or annuitant
Purchase payments Initial: $10,000; Subsequent: $500; Maximum: $1 million without prior approval
Annual cost Mortality and expense risk charge:
  • Years 1-9: 1.70%
  • Thereafter: 1.10%
Administrative charge: 0.15%; Maintenance fee: $35 (waived on contracts $75,000 and over)
Deferred sales charge 9 years from each purchase payment: (% = 6.5, 6.5, 5.9, 5.9, 5.9, 5, 4, 3, 2, 0)
Waiver for hospital, medical care, terminal illness, death, annuitization
Investment options More than 80 variable investment options, plus a 6- and 12- month DCA fixed account
Optional living benefits
  • MyPath Edge (1.50% Single/Joint with Level and Plus income options) 
  • MyPath Horizon (1.50% Single, Joint and Joint 50) 
  • MyPath Journey (1.50% Single, Joint and Joint 50)
Death benefit Greater of contract value or purchase payments adjusted pro-rata for withdrawals
Optional death benefits
  • Highest Anniversary Value II (0.30%)
  • Premier II (0.80%)
  • Estate Enhancement Benefit II (0.25%)

MultiOption Advantage

MultiOption Advantage is a deferred variable annuity intended for fee-based platforms. Designed for clients looking for market participation, tax-deferred growth for retirement, this annuity offers the flexibility to add additional income guarantees through an optional benefit (for an additional cost).

   
Contract type Flexible payment for fee-based platforms
Maximum issue age 85 for either owner and/or annuitant
Purchase payments Initial: $25,000; Subsequent: $500; Maximum: $1 million without prior approval
Annual cost Mortality and expense risk charge: 0.15%
  • Administrative charge: 0.15%
  • Maintenance fee: $50 (waived on contracts $75,000 and over)
Deferred sales charge From each purchase payment: 3 years (% = 2, 2, 1, 0)
Waiver for hospital, medical care, terminal illness, death, annuitization
Investment options More than 70 variable investment options, plus a 6- and 12- month DCA fixed account
Optional living benefits
  • MyPath Edge (1.50% Single/Joint with Level and Plus income options) 
  • MyPath Horizon (1.50% Single, Joint and Joint 50) 
  • MyPath Journey (1.50% Single, Joint and Joint 50)
Death benefit Contract value
Optional death benefits Return of Purchase Payments Death Benefit [0.15% (0.35% if age at issue is 71-75)]

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Clients should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. Clients may obtain a copy of the prospectus by contacting us and read the prospectus carefully before investing.

Products are issued by Minnesota Life Insurance Company. Variable products are not available in New York. 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.

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 59½, 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 taxes and penalties may apply to non-qualified distributions. There are charges and expenses associated with annuities, such as surrender or deferred sales charges for early withdrawals. Variable annuities have additional expenses such as mortality and expense risk, administrative charges, investment management fees and rider fees. Variable annuities are subject to market fluctuation, investment risk and loss of principal.

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.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. The guarantees have no bearing on the variable investment performance. 

The information presented above is solely intended for use by financial professionals. Such information is not intended for public consumption or dissemination.

DOFU 3-2021
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