Securian Financial SecureOption Choice 3
Current Fixed Rates
| 5.05% | $500,000 | — | $200,000 |
| 4.90% | $100,000 | — | $499,999 |
| 4.75% | $25,000 | — | $99,999 |
The Securian Financial SecureOption Choice 3 is a single-premium, fixed annuity with a guaranteed three-year rate lock. After three years, the account declares a new, 12-month rate. It does not renew or start a new term. Owners can withdraw, transfer, or maintain their contract anytime after maturity.
This policy offers three interest rate bands. The highest rate is for amounts over $500K. A lower rate is available for the second band between $100K – $499.9K, and the lowest rate is for the third band between $25K – $99.9K. Rates are .10% lower in California.
There are no surrender charges at death. Qualified and non-qualified funds are accepted, and the policy is RMD-friendly. Traditional IRAs, Rollovers, Roths, Inherited IRAs, as well as Roth Conversions are all acceptable deposit types.
More Annuity options from: Securian Financial
Notable Features
At no extra charge, this policy includes Hospitalization, Nursing Home, Required Minimum Distribution, and Annuitization waivers. All four allow for penalty-free withdrawals when triggered by the owner/annuitant. Please see the brochure for more information.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
9%, 8%, 7%, 0%
Maximum Age
90
Minimum Investment
$500,000
Maximum Investment
$2,000,000 without prior approval
What We Like About This Annuity
This annuity policy does not automatically renew at maturity. Three interest rate bands are available with 10% liquidity after one year. It’s offered by an A+ rated insurance company, has several surrender-fee waivers, and there are no surrender penalties at passing.
Other Popular Products
Securian Financial and its sister company, Minnesota Life, offer very competitive term, whole, and universal life insurance policies. Their long term care insurance, accident & illness, and various types of annuity accounts are all popular with consumers.
About Securian Financial
Securian Financial
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.securian.com/
About Securian Financial
Headquartered in St. Paul, MN, Securian Financial is part of the Securian Financial Group. This large and well-diversified insurance conglomerate boasts an A+ rating and over $33 billion of assets under management. Minnesota Life Insurance Company is also part of the group and underwrites the annuity accounts.
They have provided insurance for more than 140 years in the life and annuity markets. They are highly rated with Fitch, Moody’s, and Standard & Poor’s while also carrying a 96 Comdex score. One of the company’s core values is to build a secure tomorrow for their clients and their families.