Fixed annuity review and rates
SecureOption Focus
The SecureOption Focus is a limited pay fixed deferred annuity, which provides:
- Guaranteed protection of your purchase payments against loss.
- Access to your money in an emergency.
- Tax-deferred compounding to accumulate savings faster.
- Secure income that can be guaranteed to last a lifetime.
- The strength of a company known for keeping its promises.
The SecureOption Focus annuity is available to anyone age 88 or younger. The minimum purchase payment is $10,000, and the maximum is $2 million. The minimum additional purchase payment amount is $1,000, allowed during the first six months only.
Access your money
Flexible withdrawals in a fixed annuity can be hard to come by, but with SecureOption Focus, you can access a portion of your annuity’s value without contract penalty. The minimum withdrawal amount is $250.
Free withdrawal amount
Access up to 10% of your annuity’s contract value (as of the prior contract anniversary). In the first contract year, you may withdraw up to 10% of your purchase payments. Not available upon contract surrender.
Return of purchase payment guarantee
If the unexpected happens and you need to surrender your contract, SecureOption Focus allows you to do so and receive your purchase payments back. With the return of purchase payment guarantee, if you surrender your contract and have taken no prior withdrawals, you are guaranteed to get back at least your total purchase payments.
It’s important to note the impact withdrawals have on the return of purchase payment guarantee. If you’ve taken withdrawals (and a deferred sales charge did not apply), you will receive your total purchase payments less withdrawals at the time of contract surrender. If you have taken withdrawals and a deferred sales charge did apply, you’re guaranteed to receive back your total purchase payments less withdrawals and applicable charges.
Access your money
Flexible withdrawals in a fixed annuity can be hard to come by, but with SecureOption Focus, you can access a portion of your annuity’s value without contract penalty. The minimum withdrawal amount is $250.
Free withdrawal amount
Access up to 10% of your annuity’s contract value (as of the prior contract anniversary). In the first contract year, you may withdraw up to 10% of your purchase payments. Not available upon contract surrender.
Return of purchase payment guarantee
If the unexpected happens and you need to surrender your contract, SecureOption Focus allows you to do so and receive your purchase payments back. With the return of purchase payment guarantee, if you surrender your contract and have taken no prior withdrawals, you are guaranteed to get back at least your total purchase payments.
It’s important to note the impact withdrawals have on the return of purchase payment guarantee. If you’ve taken withdrawals (and a deferred sales charge did not apply), you will receive your total purchase payments less withdrawals at the time of contract surrender. If you have taken withdrawals and a deferred sales charge did apply, you’re guaranteed to receive back your total purchase payments less withdrawals and applicable charges.
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 1 | 7 | 2.45% | 3.09% |
| 1 | 7 | 2.48% | 3.29% |
| 1 | 7 | 2.49% | 3.39% |
| 3 | 7 | 2.63% | 3.2% |
| 3 | 7 | 2.71% | 3.4% |
| 3 | 7 | 2.76% | 3.5% |
| 5 | 7 | 2.91% | 3.2% |
| 5 | 7 | 3.06% | 3.4% |
| 5 | 7 | 3.13% | 3.5% |
| 7 | 7 | 3.2% | 3.2% |
| 7 | 7 | 3.4% | 3.4% |
| 7 | 7 | 3.5% | 3.5% |
Securian Life Insurance Company
Founded:
1880
A.M. Best:
A+
Fitch:
AA
S&P:
A+
Moody's:
Aa3
Brochure
Free withdrawal
10%
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA