SECUREOPTION FIXED DEFERRED ANNUITIES ... - Annuity …

Page 1 of 3 SECUREOPTION FIXED DEFERRED ANNUITIESRate AnnouncementAnnuities are issued by Minnesota Life Insurance Company in all states except NY. In NY, ANNUITIES are issued by Securian Life Insurance as of February 2, 2019 SECUREOPTION Choice a single payment FIXED Annuity with Market Value AdjustmentGuarantee PeriodRate BandInterest RateEffective Yield Over Guarantee PeriodProduct Highlights3 year<$100, in all states except: CA, DE, NY, ORInitial minimum purchase payment: $25,000 Maximum: $2 millionSurrender Charge: 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%The Surrender Charge begins at 9% and decreases 1% eachyear for the duration of the initial guarantee periodFollowing initial guarantee period, funds earn annual renewal rate$100,000+ year<$100, $100,000+ year<$100, $100,000+ year<$100, $100,000

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 Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59½, may be subject to a 10% federal tax penalty.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, …

Loading..

Tags:

  Annuity, Deferred, Fixed, Annuities, Counterpoise, Secureoption fixed deferred annuities

Information