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Securian Financial Introduces New Investment-Only Variable Annuity

·5-min read

Securian Financial has launched MultiOption® Momentum, an investment-only variable annuity (IOVA) offering a distinctive combination of both indexed and variable investment options in a tax-deferred, variable annuity.

Issued by Minnesota Life Insurance Company, MultiOption Momentum gives financial professionals a new, competitive choice to build retirement portfolios for their clients.

"MultiOption Momentum is our first IOVA. It is a very compelling product, providing customization, flexibility and the ability to build risk hedge, all in one product. We believe financial professionals currently writing IOVAs will find it particularly attractive," said Chris Owens, Securian Financial’s national sales vice president for retail life insurance and annuities.

IOVAs allow investors to set aside taxable assets in a tax-deferred instrument focused only on investment. With MultiOption Momentum, investors have the ability to customize the product to meet their needs with optional benefits for an additional cost.

Key MultiOption Momentum product features include:

  • More than 70 variable investment options

  • Two indexed account options

  • One guaranteed interest account option

  • Securian Financial’s strength and ratings*

MultiOption® Momentum 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 November 2020. 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.

FOR USE IN ALL STATES AND THE DISTRICT OF COLUMBIA EXCEPT DE, NC, OK or OR.

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.

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. Please consult a tax advisor for specific information. There are charges and expenses associated with annuities, such as 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. The variable subaccounts of variable annuities are subject to market fluctuation, investment risk and loss of principal.

MultiOption annuities and optional benefits may not be approved in all states and features may vary by state. Not available in New York. The guarantees in MultiOption annuities are subject to the financial strength and claims paying ability of Minnesota Life. The guarantees have no bearing on the performance of the variable investment options.

We reserve the right to limit or discontinue acceptance of future purchase payments after the contract is issued. This may limit the ability to increase the contract value through additional purchase payments. If an optional benefit is elected in the contract, this may also limit the ability to increase the value used to calculate the optional benefit.

The indexes are not available for direct investment.

This is a general communication for informational and education purposes. The information is 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.

You 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. You may obtain a copy of the prospectus from your financial professional or here on securian.com. Please read the prospectuses carefully before investing.

A purpose of the method of marketing is solicitation of insurance and that contact will be made by an insurance agent or agency.

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. Securities offered through Securian Financial Services, Inc., member FINRA/SIPC, 400 Robert Street North, St. Paul, MN 55101-2098, 1-800-820-4205.

Policy form numbers: ICC20-70632, 20-70632

Securian Financial is the marketing name for Securian Financial Group, Inc., and its 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

DOFU 03-2021
1530931

View source version on businesswire.com: https://www.businesswire.com/news/home/20210304006030/en/

Contacts

Securian Financial
Jeff Bakken, Media Relations
651-665-7558
jeff.bakken@securian.com