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Chris LeClair

Chris LeClair

Regional Vice President

Guaranteed income for deferred contribution plans

Taking some of the worry out of retirement

The SECURE Act and other industry factors have paved the way for participants to convert a portion of their defined contribution savings into a guaranteed income stream — and for plans to offer a more holistic retirement program.

Guaranteed income from Securian, issued by Minnesota Life Insurance Company or Securian Life Insurance Company, can be added as an option within defined contribution plans. It gives participants the ability to run an income quote and choose to elect to convert a portion of their savings into guaranteed income via a single premium immediate annuity.

How participants benefit

Retirees who choose to convert a portion of their defined contribution savings into guaranteed income benefit from:

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A reliable retirement paycheck

Flexibility to choose an income stream that fits their specific needs — whether it's for a specific amount, a set time period, or a lifetime.

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Immediately-available income

Start guaranteed payments immediately — no waiting period required.

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Protection for loved ones

Available income options ensure remaining payments go to loved ones, providing security for their families.

Why work with us

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Guaranteed retirement income meets such an important need – research shows more than one-third of pre-retirees worry about outliving their savings. With our solution they can enjoy a reliable, cost-effective income stream and focus on what truly matters in retirement.

Cavan Stackpool

Actuarial Senior Consultant, Institutional Retirement Solutions

Empowered by adaptable technology, our guaranteed income solutions offer a seamless experience for plan sponsors and retirees, ensuring peace of mind and financial stability.

Beth Alto

Business Development Senior Consultant, Institutional Retirement Solutions

All from a company known for its financial strength

Securian Financial has been providing solutions and protecting families for more than 140 years. Our mutual holding company structure means we’re not under pressure to deliver short-term returns. Instead, we focus our energy on serving customers’ long-term needs.

Our ratings reflect our strength

Minnesota Life Insurance Company and Securian Life Insurance Company — the issuers of our products — rank among the most highly-rated insurance companies in the United States.

View our current ratings

Our financials show our focus

Our annual report and financial statements reflect our integrity and commitment to maintaining a strong balance sheet, no matter the market environment.

View all financial documents

Our financial strength and claims-paying ability rank us among the most highly rated insurance company groups in the nation. For more information about the rating agencies and to see where our ratings rank compared to other ratings, please visit securian.com/ratings.

Cavan Stackpool and Beth Alto are Securian Financial employees, and thus have a financial connection to Securian Financial. Their statements were given freely.

DOFU 4-2025

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