Home ·  Contact Us ·  Site Map ·  Securian.com

Securian Financial Services

Securian sells variable and equity-index annuities for a number of different insurance companies, including Securian’s affiliate, Minnesota Life Insurance Company (“Minnesota Life”).

Through our Annuity Strategic Partner Program (“Program”), Securian seeks to establish additional relationships with various unaffiliated participating insurance companies (“Strategic Partners”).  In addition to customary sales commissions, Securian receives marketing support payments from such Strategic Partners whose annuities Securian sells.  These payments may be used by Securian as general financial support to offset the costs of product management support and compliance.  The payments are usually calculated as a percentage of annuity sales and/or the total assets held in annuities sold by Securian.  The actual amount received by Securian is negotiated in each case and varies by Strategic Partner.  In return for the marketing support payments, these Strategic Partners receive visibility on the Securian website and assistance with coordinating access to and educational opportunities for Securian representatives.  In addition, Securian and the Strategic Partners agree to provide each other periodic reports.  Such payments do not, however, secure favored treatment by Securian or its representatives for a Strategic Partner’s products.

These Strategic Partner payments are not made directly by you; they are paid by the Strategic Partner or its affiliate, or by the investment management company that serves as manager of the underlying investment options for the Strategic Partner’s variable annuities.  The payments based on sales can range as high as 0.25 percent of your total purchase amount.  If, for example, you invested $10,000 in an annuity contract through Securian, Securian could be paid up to $25 for marketing support.  In addition, for invested assets that continue to be held in your annuity a year later, Securian can receive an additional payment of up to 0.10 percent annually of the dollar value.  For example, on a $10,000 holding, that would be an additional $10 per year.

These Strategic Partner payments are not passed on to Securian’s representatives as commissions or other compensation.  However, the payments may be used to fund some of the general non-cash benefits provided by Securian to your representative.  Since Securian’s representatives will not receive any of these payments, Securian believes these financial arrangements do not create any incentives that will influence the advice your representative offers you.

The following Strategic Partners are currently participating in the Program:

• ING
• Nationwide
• Pacific Life
• Prudential
• Sun Life

Minnesota Life does not make any payments to Securian under the Program, nor does Securian receive any direct compensation from Minnesota Life when Securian sells a Minnesota Life annuity product.  Securian is reimbursed by Minnesota Life, however, for that portion of Securian’s compliance-related costs attributable to Securian’s sale of Minnesota Life products.  In addition, Minnesota Life pays commissions in connection with such sales directly to Securian’s representatives as agent for Securian.  Minnesota Life also provides other non-cash benefits to Securian’s qualifying representatives that are directly or indirectly related to sales of Minnesota Life’s annuity products, including paid travel and accommodations at training conferences and recognition conventions sponsored by Minnesota Life and Securian, and eligibility to participate in certain retirement and other benefit plans and in various other Minnesota Life reward and recognition programs that provide non-cash benefits.  All of these programs are designed to encourage Securian’s representatives to sell Minnesota Life’s annuity products.