ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial has launched MultiOption® Momentum, an investment-only variable annuity (IOVA) offering a distinctive combination of both indexed and variable investment options in a tax-deferred, variable annuity.
Issued by Minnesota Life Insurance Company, MultiOption Momentum gives financial professionals a new, competitive choice to build retirement portfolios for their clients.
“MultiOption Momentum is our first IOVA. It is a very compelling product, providing customization, flexibility and the ability to build risk hedge, all in one product. We believe financial professionals currently writing IOVAs will find it particularly attractive,” said Chris Owens, Securian Financial’s national sales vice president for retail life insurance and annuities.
IOVAs allow investors to set aside taxable assets in a tax-deferred instrument focused only on investment. With MultiOption Momentum, investors have the ability to customize the product to meet their needs with optional benefits for an additional cost.
Key MultiOption Momentum product features include:
- More than 70 variable investment options
- Two indexed account options
- One guaranteed interest account option
- Securian Financial’s strength and ratings*
MultiOption® Momentum is available to all Securian Financial-approved distribution channels. Financial professionals interested in learning more can call the Securian Financial Sales Desk at 1-866-335-7355.
*All ratings information as of November 2020. These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company. To learn more about Securian Financial’s strength and ratings, visit securian.com/ratings.
FOR USE IN ALL STATES AND THE DISTRICT OF COLUMBIA EXCEPT DE.
About Securian Financial
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.