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Please note this content is not approved for use in NY. MultiOption Advantage is not available for sale in NY.

MultiOption® Advantage

A variable annuity for fee-based platforms

Help clients create retirement income that lasts. MultiOption Advantage is a deferred variable annuity intended for fee-based platforms. For clients who are looking for market participation, tax-deferred growth for retirement, and the flexibility to add additional income guarantees through an optional benefit (for an additional cost).

Why choose MultiOption Advantage?

Made for fee-based platforms

Choosing how to run your business is important for you and the clients who trust you. Securian offers this variable annuity for your fee-based practice.

Tax deferral

Keep more of clients’ money in their contract and compounding over time.

Optional benefits

Optional benefits enhance guarantees for retirement income.

Made for fee-based platforms

Helping to lead clients toward a secure retirement is your business. Choosing how to run your business is important for you and the clients who trust you. Securian offers MultiOption Advantage, a variable annuity option for your fee-based practice.

Tax deferral

Help your clients keep their earnings growing

One of the advantages that annuities provide is tax deferral. It lets clients defer taxes on their annuity earnings and allows them to make changes to their annuity investment options without creating tax consequences – keeping more of their money in their contract and compounding over time.

The power of tax deferral over 25 years

  Before tax After tax
Tax-deferred investment $429,187 $320,555
Taxable investment   $267,868 (taxed annually)

Even after the tax-deferred investment has taxes paid upon lump sum withdrawal, it still results in quite a bit more than the annually-taxed investment. That’s the power of tax deferral.

This hypothetical example assumes a $100,000 initial investment with a 6% rate of return, no withdrawals over a 25-year period, and a 33% ordinary income tax bracket. It is for illustrative purposes only and is not intended to predict or project investment results.

Options for customization

Optional benefits offer income

With MultiOption Advantage comes a suite of optional benefits that let clients customize their retirement strategy. Optional living benefits offer features to protect, grow and sustain retirement income.

line with a start and finish marker
Lifetime income
MyPath Lifetime Income suite

A suite of GLWBs that provide income growth and guarantees for a variety of client scenarios.

Product details

Contract type

Flexible Payment

Maximum issue age

85 for either owner and/or annuitant

Purchase payment

  • Initial: $25,000
  • Subsequent: $500 ($100 if on Automatic Payment Plan)
  • Maximum: $1 million in total purchase payments without prior approval

Annual cost

  • Mortality & Expense Risk Charge: 0.15% 
  • Administrative Charge: 0.15%
  • Maintenance Fee: $50 (waived if contract value is $75,000 or more)

Deferred sales charge

  • 3 years from each purchase payment (%= 2, 2, 1, 0)

Withdrawal minimum


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). Not available in California.
    • Terminal condition (life expectancy of 12 months or less)
  • Death
  • Annuitization

Investment options

More than 75 variable investment options, plus a 6 and 12 month DCA fixed account

Death benefit

Contract value

Optional benefits

Several optional living benefits and a Return of Purchase Payments death benefit available for an additional cost

Investment resources

Optional benefits

Optional living benefits1

  • MyPath™ Edge
    Guaranteed lifetime income now, for retirement-ready clients.
  • MyPath™ Journey
    Accelerated enhancement growth for those gearing up for retirement later.

Optional death benefits1

1 Optional benefits are available for an additional cost. Optional benefits may not be approved in all states and product features may vary by state.

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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. Variable annuities have additional expenses such as mortality and expense risk, administrative charge, investment management fees and rider fees. Variable sub-accounts of annuities are subject to market fluctuation, investment risk and loss of principal.

MultiOption Advantage variable annuity and the optional benefits may not be approved in all states and features may vary by state. Not available in New York. The guarantees in Advantage are subject to the financial strength and claims-paying ability of Minnesota Life. The guarantees have no bearing on the performance of the variable investment options.

The MyPath suite of optional lifetime income benefits establish a benefit base for calculating guaranteed annual income. The benefit base provides no minimum contract value or investment return and is not available for withdrawal. Withdrawals exceeding allowed guidelines, or taken before the benefit date, may have a negative impact on the guarantees of these optional living benefits. All withdrawals reduce the contract value. These benefits cannot be cancelled and require use of an approved asset allocation strategy. 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. These benefits are available on a single or joint life basis for an additional cost with a variable annuity and are based on state approval. Certain MyPath benefits may be selected on a Plus or Joint 50 basis. These options may provide a greater initial stream of annual income with a reduction in annual income upon occurrence of specified events.

We reserve the right to limit or discontinue acceptance of future purchase payments after the contract is issued. This may limit the ability to increase the contract value through additional purchase payments. If an optional benefit is elected in the contract, this may also limit the ability to increase the value used to calculate the optional benefit.

Some products and optional features may not be available in all states and features may vary by state. Variable products are not available in New York. Not all products, features and optional benefits are available from all selling broker-dealers and certain products may not be sold in combination. Please consult with your firm before providing any products/services or materials listed here.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. The guarantees have no bearing on the variable investment performance.

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. Please read the prospectuses carefully before investing.

The information presented above is solely intended for use by financial professionals. Such information is not intended for public consumption or dissemination.

A purpose of the method of marketing is solicitation of insurance and that contact will be made by an insurance agent or agency.

Policy form numbers: 17-70341, ICC17-70341, 17-70343, ICC17-70343, 20-70559, ICC20-70559, 20-70560, ICC20-70560, 20-70561, ICC20-70561, 20-70591, ICC20-70591, 20-70592, ICC20-70592, 20-70593, ICC20-70593, 20-70594, ICC20-70594, 20-70595, ICC20-70595, 20-70596, ICC20-70596, 20-70597, ICC20-70597

DOFU 12-2022