Skip to main content
Securian Financial Home

Fixed deferred annuities

Safety, certainty and guarantees

One of the primary reasons to choose a fixed deferred annuity is the guaranteed interest throughout the term of the annuity. 

Fixed deferred annuities have no exposure to market risk. This means money can grow every year, without the fear of market loss. 

SecureOption® Choice

SecureOption Choice, a multi-year guaranteed annuity (MYGA) with market value adjustment (MVA) provides competitive rates, attractive liquidity features, a range of guarantee periods and is backed by the strength and ratings of Minnesota Life.1

Contract type Single Payment
Maximum issue age 90
Purchase payments Minimum: $25,000
Subsequent: N/A
Maximum: $2 million without prior company approval
Guarantee periods Initial: 3, 5, 7, or 9 years
Thereafter: 1 year guarantee period
Rate banding < $100,000
$100,000+ (when available)
Surrender charge Matches guarantee period chosen:
9-Year (%=9, 8, 7, 6, 5, 4, 3, 2, 1, 0)
7-Year (%=9, 8, 7, 6, 5, 4, 3, 0)
5-Year (%=9, 8, 7, 6, 5, 0)
3-Year (%=9, 8, 7, 0)
Market value adjustment (MVA) Applies upon withdrawal/surrender/annuitization only during the initial guarantee period (MVA does not apply in CA)(MVA not applicable at annuitization in FL)
Amounts available without charge or MVA

10% of prior anniversary value
Qualifying withdrawals under medical care stay or terminal condition waiver


Death benefit Contract value

SecureOption® Focus

SecureOption Focus, a fixed, deferred annuity without MVA, provides guaranteed options so your clients can stop worrying, and start preparing for an enjoyable future. Clients will enjoy tax-deferred compounding that enhances their long-term earnings, and the ability to create a future stream of income that can be guaranteed to last a lifetime.

Contract type Single Payment
Maximum issue age 88
Purchase payments Minimum: $10,000
Subsequent: $1,000 during 1st six months
Maximum: $2 million
Guarantee periods Initial: 1, 3, 5, 7 year initial guarantee periods
Thereafter: 1 year guarantee period
Rate banding $35,000
$100,000 (when available)
Deferred sales charge 7 years (%=7, 7, 7, 6, 5, 4, 3)
Amounts available without charge 10% of prior anniversary value (1st contract year, 10% of purchase payments)
Qualifying withdrawals under health care or terminal condition waiver
Return of purchase
payment guarantee
Surrender value is guaranteed to be at least equal to purchase payments less prior withdrawals
Death benefit Contract value

Just four steps

We’ve put links to everything you need to start selling all in one convenient location.

Start selling

1. For more information about the rating agencies and to see where our ratings rank compared to other ratings, please see our website at

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 nonqualified distributions. Please consult a tax advisor for specific information. There are charges and expenses associated with annuities, such as surrender charges (deferred sales charges) for early withdrawals.

SecureOption Choice contains a Market Value Adjustment (MVA). A Market Value adjusts the annuity's value to reflect the changes in interest rates since the contract was purchased. Depending on the direction interest rates have taken since the contract was opened, the MVA can have a positive or negative impact on the value of the annuity.

SecureOption Focus may pay an interest rote enhancement or bonus interest on certain purchase payments. Renewal rates may be reduced as a result of the interest rate enhancement such that the additional interest may or may not increase the total amount of interest your contract earns over the life of contract. Whether or not it does depend on multiple factors, including the length of time you hold the contract. We consider many factors when setting interest crediting rates for your contract including the cost of the interest rate enhancement or bonus interest, sales commissions paid to sales representatives, administrative costs, and current investment and market conditions.

Products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company. Some products and optional 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 selling firms or broker dealers.  Please consult with your firm or broker dealer before providing any products/services or materials listed here.

This information should not be considered as tax or legal advice. Clients should consult their tax or legal advisor regarding their own tax or legal situation.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.

For financial professional use only. Not for use with the public. This material may not be reproduced in any form where it is accessible to the general public.

DOFU 6-2022