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Securian Financial

SecureLink® Ultra 7

Make saving for the future more rewarding

SecureLink Ultra fixed indexed annuities help your clients combine growth potential plus protection while rewarding them with a Loyalty Bonus for sticking to their long-term retirement goals.

Overview

Product highlights

  • Maximum issue age 85
  • 7-year surrender charge/MVA period1
  • Six account options to allocate purchase payments
  • Rate banding for larger purchase payments
  • Loyalty bonus applied on the 10th contract anniversary.1

1. Loyalty Bonus and MVA do not apply in California

Loyalty bonus — a reward for sticking with long-term goals

A 7% loyalty bonus after 10 years

As a reward for sticking with long-term goals, SecureLink Ultra 7 offers a one-time Loyalty Bonus. On the 10th contract anniversary, no matter how the indexed accounts have performed, a bonus equal to 7% of purchase payments (reduced dollar-for-dollar for withdrawals) will be credited to the contract value. The bonus will be allocated among the accounts proportionally.

How the loyalty bonus works

Hypothetical returns, $7,000 Loyalty Bonus awarded in 10th year of account ownership

Hypothetical example for illustrative purposes only.

Product details

Issue age maximum

85 either for annuitant and/or owner

Purchase payments

  • Minimum: $20,000
  • Maximum: $2 million
  • Additional Purchase Payments: not permitted

Indexed Accounts

S&P 500® Index

  • 1-Year Point-to-Point with Cap
  • 1-Year Point-to-Point with Participation Rate
  • 1-Year Performance Trigger

Barclays All Caps Trailblazer 5 Index

  • 1-Year Point-to-Point with Participation Rate

MSCI EAFE® Index

  • 1-Year Point-to-Point with Cap

Guaranteed Interest Account

Fixed Account - 1 Year

Rate Banding

Larger purchase payments eligible for higher rates (based on current environment)

  • <$100,000
  • $100,000 - $499,999
  • $500,000 or greater

Loyalty Bonus (Bonus not available in California)

Bonus Rate: 7%

A one-time bonus applied on the 10th contract anniversary. The amount of additional interest applied is equal to bonus rate multiplied by purchase payment (reduced dollar-for-dollar by withdrawals).

Surrender charge on withdrawals in excess of waived or free withdrawal amounts

(%= 9, 8, 7, 6, 5, 4, 3)

Market Value Adjustment (MVA) – MVA not applicable in California

Applies only during the surrender charge period on amounts in excess of free withdrawal.

Free withdrawal (Not subject to surrender charge or MVA)

  • 10% of prior contract anniversary value (1st contract year, 10% of purchase payment)
  • RMD in excess of 10%

Not available upon full surrender (except in California)

Waiver of surrender charge and MVA

  • After 1st contract anniversary for following qualifying events:
    • Hospital, medical care stay
    • Terminal condition
  • Annuitization
  • Death

Transfers

Available on contract anniversaries at the end of each crediting period. Transfers will earn the renewal rate for the selected strategy.

Guaranteed Minimum Surrender Value

Minimum amount available upon surrender, death or annuitization. Equal to 91% of purchase payments accumulated at a guaranteed rate of interest (1% - 3%), adjusted for withdrawals. The guaranteed interest rate may vary between the indexed and guaranteed interest accounts but will be determined at contract issue and guaranteed for the life of the contract.

Death benefit

Greater of:

  • Contract value, or
  • Guaranteed Minimum Surrender Value

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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.

Some products and optional 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.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.

The indexes are not available for direct investment.

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 forgoing 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 products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such products or any index on which such products are based. The Contract contains a more detailed description of the limited relationship MSCI has with Minnesota LifeÚnd any related products. Index performance if shown does not include dividends.

DOFU 7-2021
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