Please note this content is not approved for use in NY. SureTrack Plus 90 is not available for sale in NY.
Principal protection with growth potential.
Securian Financial’s SureTrack Plus 90 guaranteed minimum accumulation benefit (GMAB) offers an annuity solution for clients who want upside potential and downside protection as they go the distance with their retirement saving goals.
Why choose SureTrack Plus 90
Protection
Guaranteed principal protection
On the Benefit Date,1 clients are guaranteed a contract value of at least their total purchase payments (adjusted pro-rata for withdrawals).
Guaranteed return of purchase payments
This hypothetical example assumes no withdrawals are taken. It is for illustrative purposes only and is not intended to predict or project investment results. On the Benefit Date, if the Accumulation Base is less than the contract value, the benefit terminates with no adjustment to contract value. Once the benefit ends, assets are no longer protected against market volatility.
1Benefit Date is 10 years following the later of benefit issue or last Optional Reset. Purchase payments are accepted 12 months after benefit issue and 12 months following an Optional Reset, if applicable. The Accumulation Base is separate from contract value, not available for withdrawal or payable at death. Other than on the Benefit Date, the Accumulation Base provides no minimum contract value.
Growth
Lock in potential growth with the Plus 90 Opportunity
Annually on each contract anniversary, the Accumulation Base is automatically increased to 90% of contract value, when markets permit.
Potential to lock in growth
This hypothetical example assumes no withdrawals are taken. It is for illustrative purposes only and is not intended to predict or project investment results. Please note the // symbol identifies a break in the vertical axis of the graph. Due to space considerations, this presentation focuses on the upper contour of the fluctuating contract value. The base value of the graph is not considered to be zero.
Benefit charge may increase at the time of Optional Reset.
An option to protect even more
- If elected, locks the Accumulation Base to 100% of contract value,
- Restarts the 10-year Benefit Period, and
- Allows for additional purchase payments during the following 12 months.
Benefit charge may increase at the time of Optional Reset.
This hypothetical example assumes no withdrawals are taken. It is for illustrative purposes only and is not intended to predict or project investment results. Please note the // symbol identifies a break in the vertical axis of the graph. Due to space considerations, this presentation focuses on the upper contour of the fluctuating contract value. The base value of the graph is not considered to be zero.
Benefit details
Benefit description
Provides a guaranteed minimum contract value available at the Benefit Date
Annual cost
1.30% of Accumulation Base (deducted quarterly)
Availability
- Age 80 or younger at contract issue
- Available with MultiOption Guide B contracts at issue (excluding Beneficial or Decedent IRA accounts)
- Not available with other optional living or death benefits
- May not be available in all states. Availability subject to change
Asset allocation plan required
- Select Managed Volatility Portfolios
- CustomChoice
- SimpleChoice Portfolios (see forms and applications for more information)
Benefit period
10 years
Benefit date
Date on which minimum contract value is available (see Accumulation Base section for details). 10 years following the later of benefit issue or last Optional Reset.
Accumulation Base
- Amount used in determining the minimum contract value available on Benefit Date. Begins equal to initial purchase payment. Annually on each contract anniversary, automatically increased to 90% of the contract value if greater than current Accumulation Base.
- On the Benefit Date, if Accumulation Base is greater than contract value, contract value will be increased by an amount equal to the difference between the Accumulation Base and contract value, and the benefit terminates.
- Increased by additional purchase payments and decreased pro-rata by withdrawals. Accumulation Base is separate from contract value, not available for withdrawal or payable at death.
Optional Reset
May elect an Optional Reset of the Accumulation Base to 100% of contract value on any contract anniversary prior to Benefit Date through age 80 (based on age of oldest individual, if joint). Upon Reset, new 10-year Benefit Period begins. Benefit charge may increase at time of Optional Reset (subject to 2.00% maximum).
Purchase payment period
While benefit is in effect, additional purchase payments accepted only within 12-month period following benefit issue and Optional Reset, if applicable.
Impact of withdrawals
Any withdrawal, including Required Minimum Distributions, will adjust the Accumulation Base proportionately.
Spousal continuation
Upon first death, if surviving spouse continues the contract, benefit automatically continues until terminated.
Benefit termination
- Automatically terminates at the Benefit Date.
- May be cancelled on any contract anniversary through the Benefit Date. Request to cancel must be received within 30 days prior to contract anniversary.
- Change of ownership, death, contract surrender or full annuitization terminates the benefit.
- Contract value reaches zero:
- If both contract value and Accumulation Base reach zero, benefit and contract terminate.
- If contract value reaches zero while Accumulation Base is positive, benefit remains in effect until Benefit Date. At that time, contract value increased to Accumulation Base value and benefit terminates.
Customers should consider all of their assets, income and investments when considering an asset allocation model or strategy.
Product resources
Get a custom illustration
Your annuity sales team can provide a custom illustration for your next case:
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.
The SureTrack Plus 90 optional benefit establishes an Accumulation Base for calculating a minimum value available on the Benefit Date. Other than on the Benefit Date, the Accumulation Base provides no minimum contract value or investment return and is not available for withdrawal or payable at death. If on the Benefit Date the Accumulation Base is less than the contract value, the benefit terminates with no adjustment to contract value. The benefit requires use of an approved asset allocation strategy. Acceptance of future purchase payments is limited while this optional benefit is in effect.
Optional living benefits are available at an additional cost.
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.
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 prospectus 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.
Policy form numbers: 12-70232, ICC12-70232, 15-70285, iCC15-70285
Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group, Inc.
DOFU 12-2022
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