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Securian Financial

MultiOption® Guide B Series

Retirement income with flexibility

MultiOption Guide B Series is a deferred variable annuity for clients who are looking for market participation, tax-deferred growth, the ability to leave a legacy, and the flexibility to customize with additional guarantees through an optional benefit.

Why choose MultiOption Guide B Series?

Tax deferral

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

Investment options

A diversified lineup of 70+ options available from leading investment firms.

Ability to leave a legacy

A minimum death benefit guarantee helps clients lay a foundation for their family’s future.

Options for customization

Optional benefits enhance guarantees for retirement income, accumulation and legacy.

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

Comparison of tax deferred investing returns versus taxed investing returns

Even after the tax-deferred investment has taxes paid upon lump sum withdrawal, it still results in quite a bit more than the taxable 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.

Investment options

Help clients create a diversified mix of investments

MultiOption Guide B Series provides your clients with access to competitive investment firms and a wide array of investment options to help them meet their long-term financial goals. We offer many asset allocation options to help your clients allocate their variable annuity investments, including:

  • Professionally managed asset allocation portfolios
  • Managed Volatility Portfolios
  • Static, pre-built and customized asset allocation strategies

View variable investment lineup

View asset allocation e-Toolkit

Ability to leave a legacy

Clients can help lay a foundation for their family’s future

Leaving loved ones an additional measure of financial security is a powerful and meaningful gift. MultiOption Guide B Series provides a minimum death benefit guarantee to help clients protect and preserve annuity assets for loved ones.

Beneficiaries receive the greater of:

  • The value of the annuity contract at the contract owner’s death
  • Total purchase payments, adjusted pro-rata for withdrawals

In addition to the minimum death benefit guarantee to protect and preserve assets for loved ones, clients can also choose from optional death benefits to further protect or enhance the assets they pass on.

Options for customization

Optional benefits offer income, asset and legacy guarantees

With MultiOption Guide B Series comes a suite of optional benefits that lets clients customize their retirement strategy. Optional living benefits offer additional income and accumulation guarantees, and optional death benefits provide greater protection, flexibility, and enhanced death benefits.

Lifetime income

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MyPath Lifetime Income suite

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

See the MyPath suite


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SureTrack Plus 90

A GMAB benefit for clients who want upside potential and downside protection.

View full details

Legacy and estate

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Optional death benefits

Options to provide greater protection, flexibility, and enhanced death benefits.

See the benefits

Product details

Contract type

Flexible Payment

Maximum issue age

85 for either owner and/or annuitant

Purchase payment 

  • Initial: $10,000
  • Subsequent: $500 ($100 if on Automatic Payment Plan)
  • Maximum: $1 million in total purchase payments without prior approval

Annual cost

  • Mortality & Expense Risk Charge: 1.20%
  • Administrative Charge: 0.15%
  • Maintenance Fee: $50 (waived if contract value over $50,000)

Deferred sales charge

7 years from each purchase payment (% = 8, 8, 7, 6, 5, 4, 3, 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 clients 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 70 variable investment options plus a 6 and 12 month DCA fixed account

Death benefit

Greater of account value or purchase payments adjusted pro-rata for withdrawals

Optional benefits

Several optional living and death benefits available for an additional cost

Optional benefits

Optional living benefits

  • MyPath Edge — Single and Joint with Level or Plus income options
  • MyPath Horizion — Single, Joint and Joint 50
  • MyPath Journey — Single, Joint and Joint 50
  • SureTrack Plus 90

Optional death benefits

  • Highest Anniversary Value II
  • Premier II
  • Premier Protector
  • Estate Enhancement Benefit II

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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 Guide B Series 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 MultiOption Guide B 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 living benefits establishes 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 will reduce the Contract Value. These benefits cannot be canceled 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.

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 death benefits and optional living benefits are available at an additional cost.

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.

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. Clients may obtain a copy of the prospectus by contacting us and read the prospectus carefully before investing.

DOFU 7-2021