This content is for financial professionals only. Not a financial professional? Visit our consumer site.
Please note MultiOption Momentum is not available for sale in NY.
MultiOption® Momentum
Fees matter, propel your clients' retirement funds
A distinctive combination of indexed accounts and variable investment options helps this investment-only variable annuity (IOVA) stand out from the competition.
Why choose MultiOption Momentum?
Tax efficiencies
When compared to placing assets in separate investment vehicles, having variable investment options and indexed accounts together in one contract provides three big benefits.
- Ability to make investment changes without triggering a taxable event
- No trade fees since the variable investment options and indexed accounts are all in one contract
- Tax deferral2 keeps more of your client’s money in their contract and compounding over time
- The investment performance of variable investment options is not guaranteed, and can decrease in value. The indexes are not available for direct investment, and crediting is subject to the declared cap and/or participation rate. The indexed accounts are not available with the Premier Protector optional death benefit.
- Earnings are taxable as ordinary income when distributed. If the annuity will fund an IRA or other tax-qualified plan, the tax deferral feature offers no additional value.
Product highlights
Highlights shown here apply to all states except CA, IL, and VA. Please see marketing resources for product details on state specific versions.
Issue age
85 for either owner and/or annuitant
Purchase payments
- Initial: $25,000
- Subsequent: $500 ($100 if on Automatic Payment Plan)
- Maximum: $2 million in total purchase payments without prior approval
Annual cost (applied to variable subaccounts)
- Mortality & Expense Risk Charge: 0.75% (0.65% if net purchase payments $1 million or greater)1
- Administrative Charge: 0.15%
- Maintenance Fee: $50 (waived if contract value $75,000 or more)
Deferred sales charge
5 years from each purchase payment (% = 8, 8, 7, 6, 5, 0)
Withdrawal minimum
$250
Systematic withdrawal
$250 minimum available monthly, quarterly, semi-annually or annually. Options available include: specific amount, % of value, IRS Required Minimum Distribution.
Free withdrawal - not available on surrender
Set on each contract anniversary, greater of:
- Investment gain (contract value less purchase payments not previously withdrawn), or
- 10% of the sum of purchase payments not previously withdrawn and still subject to charge
In addition, 10% of purchase payments made in the current contract year. If in an IRA, additional amounts available to satisfy IRS Required Minimum Distributions from the contract for that year. However, if you withdraw the Required Minimum Distribution for two calendar years in a single contract year, deferred sales charge may apply.
Waiver of deferred sales charge
- After the first contract anniversary for the following qualifying events:
- Hospital, medical care stay (confinement of at least 90 days).
- Terminal condition (life expectancy of 12 months or less)
- Death
- Annuitization
- Withdrawals or surrender under the Enhanced Liquidity Option
Investment options
- Over 75 variable options
- Diverse lineup of indexed account options
- Dollar Cost Averaging (DCA) Fixed Account: 6 or 12 months
Transfers
Transfers within variable options available at any time; transfers involving indexed accounts available annually at contract anniversary
Guaranteed Minimum Surrender Value (GMSV)
GMSV is the minimum amount available from Indexed Account options upon surrender, death or annuitization. Equal to 87.5% accumulated at a guaranteed rate of interest (1%-3%), adjusted for withdrawals.
Death benefit
Equal to contract value, plus any excess of GMSV over value of indexed accounts
Optional benefits
Optional enhanced liquidity and death benefits available
Optional liquidity benefit1
- Enhanced Liquidity Option - Under the Enhanced Liquidity Option, any Deferred Sales Charge that would otherwise apply is waived.
- Cost - 0.45% of contract value
- Available to age 85 and under at contract issue
- Only available with MultiOption Momentum contracts
- Once deferred sales charges have expired, this optional benefit may be cancelled by the owner
Optional death benefits1
- Return of Purchase Payments Death Benefit
Provides a guaranteed minimum death benefit. - Premier Protector Death Benefit
Growth and protection for beneficiaries, with an acceleration feature to access benefit if client becomes chronically or terminally ill.
1. Charge based on net purchase payments. Initially set at contract issue and adjusted each calendar quarter if applicable. Charge is 1.20% if annuitized.
An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax-qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may apply to non-qualified distributions. Please consult a tax advisor for specific information. There are charges and expenses associated with annuities, such as deferred sales charges for early withdrawals. Variable annuities have additional expenses such as mortality and expense risk, administrative charges, investment management fees and rider fees. The variable sub-accounts of variable annuities are subject to market fluctuation, investment risk and loss of principal
The guarantees are subject to the financial strength and claims-paying ability of Minnesota Life. The guarantees have no bearing on performance of the variable investment options. We reserve the right to limit or discontinue acceptance of future purchase payments after the contract is issued.
For Indexed Accounts, the Cap(s), Participation Rate(s), and/or Fixed Interest Rate for the initial Crediting Period are shown in the contract at issue. For each subsequent Crediting Period, rates will be declared at the beginning of the Crediting Period and will be guaranteed for the duration of the applicable period. Rates are subject to the maximums and/or minimums as stated in the contract.
Some products and features may not be available in all states and features may vary by state. Not all products, features and optional benefits are available from all firms. Please consult with your firm before providing any products/services or materials listed here.
Variable annuities are sold by prospectus. Your clients should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information.
The information presented above is solely intended for use by financial professionals. Such information is not intended for public consumption or dissemination.
DOFU 12-2025
4926517