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Securian Offers Four New Annuity Products

Earlier this week, Securian Financial Group announced the addition of four new annuity solutions to its suite of products. The desire for guaranteed retirement income is rapidly growing, creating a need for a variety of products to accommodate clients’ unique situations. Details of the four new products were outlined in a recent BusinessWire press release. SecureLink Future: Fixed Indexed Annuity Designed for clients seeking retirement asset growth in addition to the protection of... Read More

New Annuity Options Focus on Income, Growth and Security

There is a big focus on income with some of the newest annuity products introduced this year. In Investment News's "Allianz, Securian Among Insurers Focusing on Income Annuities," Linda Koco explains the current trend. Based on the late summer product introductions, Koco says that retirement income and security are the big focuses for fall.  Accumulation is given a lot of attention as well, but not as much as income. These focuses are being shown in four different ways. Those people who... Read More

2014 Variable Annuity Innovations

Variable annuity sales have been lukewarm this year with some flat months and some small decreases.  There are many reasons for this, including some key variable annuity players exiting the market and fixed indexed annuity business taking away from variable annuity products.  But despite the fact that sales aren't anything to write home about, life insurance companies are still introducing new products and innovating existing ones.  In Darla Mercado's Investment News article, "Life insurers... Read More

Four New Variable Annuity Living Benefit Options

Securian Financial Group wants the annuity industry to know that they aren't backing out of the variable annuity market.  Some insurance companies have made the difficult decision to stop offering variable annuity products or to tone down the benefits and eliminate some popular options altogether.  But according to company press release "New Living Benefits Affirm Securian's Commitment to VA Market," Securian will continue offering variable annuities that guarantee income through... Read More

Ovation Lifetime Income II Variable Annuity Rider

We wrote about Securian's Ovation Lifetime Income guaranteed living withdrawal benefit when it was introduced and now the company has a new rider to unveil.  In a MarketWatch press release, Securian introduces the Ovation Lifetime Income II GLWB with some new features to add to the first product.  This rider can be added to many of Securian's MultiOption variable annuities.  Securian added features to their original Ovation rider after customer feedback and a change in the markets.  This... Read More

Ovation Lifetime Income Rider

A new variable annuity rider from Securian helps to give retirees the income protection and growth that they're looking for, according to a company press release.  Whether making a 401k annuity transfer or purchasing a variable annuity before retirement age, adding the Ovation Lifetime Income rider from Securian gives investors a great growth potential.  This rider can be added to their MultiOption variable annuity for an added fee and can give retirement income for decades. There are four... Read More

First Immediate Annuity from Securian

According to The Retirement Reporter, Securian Financial Group has begun to offer its inagural single premium immediate annuity (SPIA). The product is called IncomeToday! After paying an initial $25,000 premium, IncomeToday! provides continuous fixed payments, either for life or a defined period of time. This SPIA is available from Securian's Minnesota Life subsidiary for individuals 90 years old or under. Immediate annuities are pension-like plans that provide greater security than other... Read More

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