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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

SecureOption Choice (CA Only)

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Highlights

Premium Type
Single Premium
Max age Qualified
90
Minimum Contribution
$25,000
Maximum Contribution
$2,000,000
Market value adjustment
Return of premium
Free withdrawal
1st year: 0%
2nd+ year: 10%
Launch date
04/22/2019
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch
Brochure
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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 An MVA can either increase or decrease the amount withdrawn from the annuity’s value.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) 

Find out if the SecureOption Choice (CA Only) is the right product for you.

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MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
3 years 4.55%
5 years 4.75%
7 years 4.75%
9 years 4.75%

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.

Nursing Home

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.

Terminal Illness

Available after the 1st contract anniversary for the following qualifying event: Terminal condition (life expectancy of 12 months or less).

Annuitization

Contact us to get more information about this waiver.

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