SecureOption Vision (CA Only)
The SecureOption Vision is a fixed deferred annuity designed to offer secure and guaranteed returns on your investment. With competitive rates, attractive guarantee periods, and flexible liquidity features, this product is ideal for those planning for retirement. Furthermore, the strength and favourable ratings of Securian Financial means you can rest assured your finances are in safe hands.
This annuity product features guaranteed interest throughout the guarantee period and 10% free annual withdrawals after the first year. Another great feature is the automatic renewal to one-year periods, with no surrender charge or any Market Value Adjustment. Moreover, it also accommodates Required Minimum Distributions without any additional charges, making it a great choice for your retirement planning.
SecureOption Vision (CA Only)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.25% |
| 5 years | 4.55% |
| 7 years | 4.8% |
| 9 years | 5% |
Guaranteed returns
One of the primary reasons to choose a fixed deferred annuity is the guaranteed interest throughout the term of the annuity. Fixed deferred annuities have no exposure to stock market risk. This means your money can grow every year, without the fear of market loss.
Length of term
When you decide to purchase an annuity, you can select from a range of guarantee periods. This is important because it dictates the number of years your interest rate is guaranteed.
Purchase Payments
- Minimum: $25,000
- Maximum: $2 million without prior company approval
- Additional Purchase Payments: Not permitted
- 3-, 5-, 7- or 9-year
- Initial interest rate applies until the end of the initial guarantee period.
- Following the initial guaranteed period, renewal interest rates will be guaranteed for one-year periods.
- $250
- 10% of prior contract anniversary value available in first contract year in CA
- RMD amount, if greater (all years)
- After the first contract anniversary for the following qualifying events:
- Hospital, medical care stay (confinement of at least 90 days)
- Terminal condition (life expectancy of 12 months or less)
- Annuitization (waiver does not apply to MVA)
- Death
Greater of:
- Contract value, or
- Guaranteed Minimum Surrender Value
After the first contract anniversary, the annuity contract can be turned into a guaranteed stream of income. The contract value (adjusted by any applicable MVA1 ), may be applied to a variety of lifetime income payment options.
Options include (additional options may be available at time of annuitization):
- Single Life
- Single Life with Period Certain
- Joint and Last Survivor
Riders
No Riders for SecureOption Vision (CA Only) annuity.
Waivers
No Waivers for SecureOption Vision (CA Only) annuity.
- A.M. Best A+
- Fitch AA
- S&P AA-
- Moody's Aa3
- Comdex 96
