SecureOption Choice (CA Only)

The SecureOption Choice annuity is a great choice for peace of mind in retirement. With this product, your interest is guaranteed and you won't have to worry about market risks. It also offers a lot of flexibility. Whether you choose a 3, 5, 7, or 9-year initial guarantee period, this plan comes with the reassurance of a guaranteed lifetime minimum interest rate of at least 1.00%.

What's more, if you need to make withdrawals beyond the free limit, the Market Value Adjustment feature can potentially increase your withdrawal amount. And, with the chance to convert to a steady income stream after the first year, SecureOption Choice is a reliable and secure choice for a worry-free retirement.

SecureOption Choice (CA Only)

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About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch

Launch Date

04/22/2019

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
3 years	4.05%
5 years	4.25%
7 years	4.35%
9 years	4.35%

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.

Market Value Adjustment (MVA)
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 An MVA can either increase or decrease the amount withdrawn from the annuity’s value. The MVA feature may not be applicable in all states,

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 (not available in 1st contract year)
RMD amount, if greater (all years)

Year by Year Account Balance

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Investment Amount

Riders

No Riders for SecureOption Choice (CA Only) annuity.

Waivers

Death

Available

Hospital

Available after the 1st contract anniversary for the following qualifying events: 1) home care or community-based services, or 2) nursing facility care, or 3) residential facility care for at least 90 consecutive days.