Securian Monetary Introduces New Investment decision-Only Variable Annuity
4 min readST. PAUL, Minn.–(Organization WIRE)–Securian Money has released MultiOption® Momentum, an investment-only variable annuity (IOVA) giving a distinctive blend of equally indexed and variable financial investment solutions in a tax-deferred, variable annuity.
Issued by Minnesota Lifestyle Insurance coverage Corporation, MultiOption Momentum provides economical experts a new, aggressive alternative to make retirement portfolios for their shoppers.
“MultiOption Momentum is our first IOVA. It is a incredibly persuasive merchandise, giving customization, versatility and the capability to develop chance hedge, all in one solution. We believe economic professionals currently writing IOVAs will obtain it particularly desirable,” said Chris Owens, Securian Financial’s countrywide gross sales vice president for retail daily life insurance policy and annuities.
IOVAs enable investors to set aside taxable property in a tax-deferred instrument targeted only on financial investment. With MultiOption Momentum, traders have the ability to personalize the products to meet their needs with optional added benefits for an supplemental price.
Crucial MultiOption Momentum merchandise options incorporate:
- A lot more than 70 variable financial investment selections
- Two indexed account selections
- Just one guaranteed fascination account possibility
- Securian Financial’s energy and ratings*
MultiOption® Momentum is available to all Securian Monetary-authorized distribution channels. Monetary professionals intrigued in studying a lot more can contact the Securian Fiscal Sales Desk at 1-866-335-7355.
*All ratings information as of November 2020. These scores are assigned to the next Securian Fiscal Group member organizations: Minnesota Life Insurance Company and Securian Lifestyle Insurance policy Business. To discover additional about Securian Financial’s energy and ratings, check out securian.com/rankings.
FOR USE IN ALL STATES AND THE DISTRICT OF COLUMBIA Except DE, NC, Ok or OR.
ABOUT SECURIAN Economical
At Securian Economic, we’re here for relatives. And we’re here because of it. We’re guided by our reason: encouraging shoppers construct secure tomorrows. Considering that 1880, we have been making a uniquely diversified company that has outlasted economic ups and downs although keeping real to our consumers. We’re fully commited to the markets we serve, delivering insurance, financial investment and retirement solutions that give people the self-confidence to concentration on what is genuinely worthwhile: banking recollections with these who subject most.
An annuity is meant to be a extended-phrase, tax-deferred retirement car. Earnings are taxable as normal earnings when distributed, and if withdrawn before age 59½, may possibly be topic to a 10% federal tax penalty. If the annuity will fund an IRA or other tax competent system, the tax deferral attribute gives no supplemental worth. Experienced distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may possibly apply to non-experienced distributions. Please check with a tax advisor for particular data. There are charges and costs involved with annuities, these kinds of as deferred product sales prices for early withdrawals. Variable annuities have supplemental charges these types of as mortality and expenditure risk, administrative expenses, expense administration service fees and rider costs. The variable subaccounts of variable annuities are subject matter to market place fluctuation, expense possibility and loss of principal.
MultiOption annuities and optional gains may well not be approved in all states and characteristics may possibly vary by state. Not offered in New York. The ensures in MultiOption annuities are issue to the monetary strength and claims spending skill of Minnesota Existence. The assures have no bearing on the effectiveness of the variable investment choices.
We reserve the correct to restrict or discontinue acceptance of long run purchase payments just after the contract is issued. This may well limit the skill to improve the contract benefit via more buy payments. If an optional profit is elected in the deal, this may also limit the capacity to raise the price utilised to determine the optional profit.
The indexes are not accessible for direct investment decision.
This is a standard communication for informational and education purposes. The data is not designed, or supposed, to be relevant to any person’s personal conditions. It must not be considered expense guidance, nor does it represent a advice that any person interact in (or chorus from) a particular program of action. If you are in search of expense information or recommendations, you should get hold of your money qualified.
You really should contemplate the expenditure aims, dangers, prices and expenditures of a portfolio and the variable insurance policies products cautiously ahead of investing. The portfolio and variable insurance plan solution prospectuses consist of this and other information. You may possibly get a copy of the prospectus from your money specialist or here on securian.com. You should read the prospectuses diligently before investing.
A intent of the method of advertising and marketing is solicitation of insurance policy and that speak to will be built by an coverage agent or company.
Coverage items are issued by Minnesota Daily life Insurance policies Enterprise in all states apart from New York. In New York, solutions are issued by Securian Lifestyle Coverage Company, a New York approved insurer. Minnesota Everyday living is not an approved New York insurer and does not do insurance coverage enterprise in New York. Each corporations are headquartered in St. Paul, MN. Product availability and characteristics may perhaps change by state. Every single insurer is entirely accountable for the money obligations under the insurance policies or contracts it issues. Securities provided by way of Securian Fiscal Services, Inc., member FINRA/SIPC, 400 Robert Road North, St. Paul, MN 55101-2098, 1-800-820-4205.
Plan variety quantities: ICC20-70632, 20-70632
Securian Monetary is the marketing title for Securian Fiscal Group, Inc., and its affiliates. Minnesota Life Insurance plan Organization and Securian Lifestyle Insurance Firm are affiliate marketers of Securian Fiscal Group, Inc.
Not a deposit — Not FDIC/NCUA insured — Not insured by any federal govt agency — Not confirmed by any bank or credit score union — Could go down in price
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