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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?

Fees matter

When investing, and minimizing their impact can greatly affect your clients’ portfolio over time.

Built-in hedging

Opportunities through available indexed accounts to help address your clients’ risk tolerance.

Tax efficiencies

Allowing clients to make investment changes without triggering a taxable event.  

Fees matter

A few basis points can make a huge impact over time

For investment-focused clients, it’s not hard to see the benefits of a product like MultiOption Momentum — especially when considering the compounding power clients miss out on when paying higher fees.

An investment in MultiOption Momentum could save your client tens of thousands of dollars in expenses when compared to a similar product with an M&E fee that is 20 basis points higher.

The impact of an additional 20 basis points (0.20%) on a $250,000 investment

Basis point impact: 20 points on a $250k investment

Hypothetical example for illustrative purposes only.

Chart data: impact of additional 20 basis points on a $250,000 investment

Percent 10 years 15 years 20 years
0% $4,568 $6,516 $8,262
8% $9,192 $19,340 $36,167
12% $12,790 $32,329 $72,637

Hypothetical example for illustrative purposes only.

Built-in hedging through available indexed accounts

Adjust the dial for growth potential, protection – or both!

A combination of underlying variable investment options and indexed accounts lets clients strike the right balance between risk and return for their specific needs. Clients can choose how to allocate their assets between the variable investment options and indexed accounts.

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Variable investment options

Over 75 high-quality variable investment options from respected asset managers provide access to the growth potential of the markets.

View variable investment lineup
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Indexed accounts

Crediting based on index performance offers protection from negative market performance since interest credited can never be less than zero.

View indexed options

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.

Tax efficiencies

Keep more of your clients’ money working for them

When compared to placing assets in separate investment vehicles, having variable investment options and indexed accounts together in one MultiOption Momentum contract provides clients with impactful tax 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 deferral keeps more of your client’s money in their contract and compounding over time

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 details

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


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 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

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.

Optional benefits 

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

Just four steps

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

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Next steps

Present to clients

We’ve put together everything you need for a digital MultiOption Momentum presentation for your clients.

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Additional product resources available on our secured site

Get access to these and other tools on our secured website for financial professionals.

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.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The foregoing trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and S&P 500® are registered trademarks of S&P and have been licensed for use by S&P Dow Jones Indices LLC and Minnesota Life Insurance Company (“Minnesota Life”). The S&P 500® index is a product of S&P Dow Jones Indices LLC and has been licensed for use by Minnesota Life. Minnesota Life Annuities are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates make any representation regarding the advisability of investing in such product(s). Index performance, if shown, does not include dividends.

Barclays Bank PLC and its affiliates (“Barclays”) is not the issuer or producer of Minnesota Life Insurance Company (“Minnesota Life”) Annuities and Barclays has no responsibilities, obligations or duties to contract owners of Minnesota Life Annuities. The Barclays All Caps Trailblazer 5 Index is a trademark owned by Barclays Bank PLC and licensed for use by Minnesota Life as the Issuer of Minnesota Life Annuities. While Minnesota Life may for itself execute transaction(s) with Barclays in or relating to the Barclays All Caps Trailblazer 5 Index in connection with Minnesota Life Annuities, contract owners acquire Minnesota Life Annuities from Minnesota Life and contract owners neither acquire any interest in Barclays All Caps Trailblazer 5 Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in Minnesota Life Annuities. The Minnesota Life Annuities are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Minnesota Life Annuities or use of the Barclays All Caps Trailblazer 5 Index or any data included therein. Barclays shall not be liable in any way to the Issuer, contract owners or to other third parties in respect of the use or accuracy of the Barclays All Caps Trailblazer 5 Index or any data included therein. The indexes are not available for direct investment.

The SG Climate Prepared Index (the “Index”) is the exclusive property of Société Générale and its affiliates (collectively, “SG”).  Société Générale has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the Index.  “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “SG Climate Prepared Index” (collectively, the “SG Marks”) are trademarks or service marks of SG or have been licensed for use from Entelligent Inc. (“Entelligent”) and/or other third parties. SG has licensed use of the SG Marks to Minnesota Life Insurance Company (“Licensee”) and sub-licensed the use of certain Entelligent marks and/or other third-party marks (the “Third-Party Marks”) for use in this Variable Annuity offered by the Licensee (the “Product”). Société Générale’s sole contractual relationship with Licensee is to license the Index and the SG Marks and sub-license the Third-Party Marks to Licensee.

None of Société Générale, S&P, or other third party licensor (collectively, the “Index Parties”) to Société Générale is acting, or has been authorized to act, as an agent of Licensee or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Products or provided investment advice to Licensee, and no Index Party makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Products.  The Index Parties expressly disclaim any liability with respect to the Products in which an interest crediting option is based on the Index and the quality, accuracy, timeliness and/or completeness of the Index or any data included therein (including any illustrations or demonstrations of returns included herein), and is not liable for any loss relating to the Products, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark, or otherwise.  Obligations to make payments under the Products are solely the obligation of Licensee.  The selection of the Index as a crediting option under a Products does not obligate Licensee or Société Générale to invest annuity payments in the components of the Index.

In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. The transaction and replication costs cover, among other things, rebalancing and replication costs.  The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the leverage of the Index, which may be as high as 200%, the performance of the indexes underlying the Index, market conditions and the changes in the market environments, among other factors. The transaction and replication costs, which are increased by the Index’s leverage, and the maintenance fee will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

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.

Policy form numbers: 16-70307, 19-70508, ICC19-70508, 19-70510, ICC19-70510, 20-70632, ICC20-70632, 20-70633, ICC20-70633, 20-70634, ICC20-70634, 22-70696, ICC22-70696, 22-70708, ICC22-70708

DOFU 11-2022