Fixed annuity review and rates

SecureOption Choice

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
Market Value Adjustment (MVA) - The MVA feature may not be applicable in all states.
An adjustment applied upon withdrawal/surrender/annuitization to reflect changes in market conditions between contract issue and the date of withdrawal. An MVA can either increase or decrease the amount withdrawn from the annuity’s value. 
  • Applies only during the Surrender Charge Period on amounts in excess of the Free Withdrawal.
  • A positive MVA will never exceed the amount of Surrender Charge assessed on the withdrawal or surrender.
  • A negative MVA will not exceed the excess interest (interest in excess of the guaranteed minimum interest) earned on the applicable Guarantee Period. Any limitation will apply in both the positive and negative direction. 
Free Withdrawal (Amount not subject to Surrender Charge) 
  • 10% of prior contract anniversary value (In the 1st year, 10% of the purchase payment) 
  • RMD in excess of 10% 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
3 3 3.45% 3.45%
3 3 3.6% 3.6%
5 5 3.45% 3.45%
5 5 3.6% 3.6%
7 7 3.55% 3.55%
7 7 3.7% 3.7%
9 9 3.7% 3.7%
9 9 3.85% 3.85%
Securian Financial
Founded: 1880
A.M. Best: A+
Fitch: AA
S&P: A+
Moody's: Aa3
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Types of funds
Non-Qualified, IRA, IRA-Roth, Inherited IRA, and NQ Stretch