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Fixed indexed deferred individual annuities

A link to a more secure future

SecureLink fixed indexed annuities are designed for clients seeking growth of their retirement assets plus the protection of guarantees. The SecureLink suite offers clients the opportunity to earn interest that’s linked to the changes in performance of an index. 

SecureLink® Ultra 5 and 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.

   
Contract type Fixed indexed deferred annuity
Maximum issue age 85 for either owner and/or annuitant
Purchase payments Minimum $20,000; Maximum: $2 million; Additional purchase payments: Not permitted
Account options 9 indexed account options, plus a fixed account to allocate purchase payments
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)

A one-time bonus of additional interest applied on the 10th contract anniversary. Equal to the bonus rate multiplied by bonus base (purchase payment reduced dollar-for-dollar by withdrawals). Bonus rate applied on 10th anniversary:

  • SecureLink Ultra 5: 10%
  • SecureLink Ultra 7: 7%
Surrender charge SecureLink Ultra 5: (% = 9, 8, 7, 6, 5)
SecureLink Ultra 7: (% = 9, 8, 7, 6, 5, 4, 3)
Market Value Adjustment (MVA)

(Not applicable in California)		 May apply during the surrender charge period. An MVA can either increase or decrease the amount withdrawn from the annuity’s value.
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. Determined at contract issue and guaranteed for the life of the contract
Waiver of Surrender Charge and MVA

After 1st contract anniversary for the following qualifying events:

  • Hospital, medical care stay
  • Terminal condition
Death benefit

Greater of:

  • Contract value, or
  • Guaranteed Minimum Surrender Value

SecureLink® Future 7, 9 and 10

Save for the future with confidence

The SecureLink Future suite of fixed indexed annuities connects protection and growth for your clients’ retirement future. Achiever Lifetime Income, an optional living benefit (available for an additional cost), can be added to a SecureLink Future fixed indexed annuity to help your clients confidently prepare for the future.

   
Contract type Fixed indexed deferred annuity
Maximum issue age 80 for either owner and/or annuitant
Purchase payments Minimum: $10,000; Subsequent: $1,000. Allowed within the first six months; Maximum: $2 million
Surrender charge SecureLink Future 7 (%= 9, 8, 7, 6, 5, 4, 3)
SecureLink Future 9 (%= 9, 8, 7, 6, 5, 4, 3, 2, 1)
SecureLink Future 10 (%= 9.0, 8.1, 7.2, 6.3, 5.4, 4.5, 3.6, 2.7, 1.8, 0.9)
Guaranteed minimum surrender value Minimum amount available upon surrender, death or annuitization. Equal to 87.5% 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. Determined at contract issue and guaranteed for the life of the contract.
Account options 4 indexed account options, plus a fixed account to allocate purchase payments
Death benefit

Greater of contract value, or guaranteed minimum surrender value
Optional living benefit Achiever Lifetime Income -  Annual cost of 1.15% (Single and Joint)

SecureLink® Chronic Illness Access

A unique solution for a common dilemma

The SecureLink Chronic Illness Access fixed indexed annuity offers protection and growth while uniquely addressing the needs of your clients looking to ease the potential future burden of care for chronic or terminal illness.

   
Contract type Fixed indexed deferred annuity
Maximum issue age 75
Purchase payments Minimum: $20,000; Maximum $2 million without home office approval; Additional purchase payments not permitted
Account options
 4 indexed account options, plus a fixed account to allocate purchase payments
Rate banding

Larger purchase payments/contracts may be eligible for higher rates (based on current environment)

  • <$100,000 
  • $100,000 or greater
Surrender charge (% = 9, 8, 7, 6, 5, 4, 3, 0)
Market Value Adjustment (MVA) May apply during the surrender charge period. An MVA can either increase or decrease the amount withdrawn from the annuity’s value.
Guaranteed minimum surrender value Minimum amount available upon surrender, death or annuitization. Equal to 87.5% of the purchase payment accumulated at a guaranteed rate of interest (1%-3%), adjusted for withdrawals. Determined at contract issue and guaranteed for the life of the contract. The guaranteed rate may vary between the indexed and guaranteed interest accounts. 
Waiver of Surrender Charge and MVA
  • Withdrawal or surrender during the death benefit acceleration period for chronic/terminal illness
  • Death
  • Annuitization
Death benefit

Greater of:

  • Contract value
  • Guaranteed minimum surrender value, or
  • 8% roll-up value
Chronic or Terminal Illness Access (Death Benefit Acceleration)

After the first contract anniversary, the death benefit value may be accessed via withdrawal/surrender based on certification by a licensed health care practitioner for one of the following permanent qualifying events (subject to 90-day elimination period, which can run concurrently with one-year waiting period):

  • Chronic illness
    • Unable to perform 2 of 6 activities of daily living (ADLs), or
    • Severe cognitive impairment
  • Terminal illness (life expectancy of 12 months or less)

Related links

SecureLink Future 7 fact sheet
SecureLink Future 9 fact sheet
SecureLink Future 10 fact sheet
SecureLink Ultra 5 fact sheet
SecureLink Ultra 5 fact sheet - California
SecureLink Ultra 7 fact sheet
SecureLink Ultra 7 fact sheet - California
SecureLink Chronic Illness Access
SecureLink Chronic Illness Access Quick Facts - Illinois, Texas and Virginia

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Products are issued by Minnesota Life Insurance Company. 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 selling firms or broker dealers.

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 non-qualified distributions. There are charges and expenses associated with annuities, such as surrender or deferred sales charges for early withdrawals. 

Not a deposit - Not FDIC/NCUA insured - Not insured by any federal government agency - Not guaranteed by any bank or credit union - May go down in value.

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

The SecureLink Chronic Illness Access fixed indexed annuity and Accelerated Death Benefit are not long-term care insurance. They are not a qualified benefit under the Internal Revenue Code. An individual may not purchase this annuity if they are currently in a nursing home, skilled nursing facility or unable to perform any one of the six ADLs. The Accelerated Death Benefit is automatically included in every contract and provides an option to accelerate death benefit proceeds in the event that the owner becomes chronically or terminally ill. Withdrawals or surrender of contract value during the acceleration period will be subject to taxation in the same manner as any other withdrawal.

For financial professional use only. Not for use with the public. This material may not be reproduced in any way where it would be accessible to the general public.

DOFU 10-2019

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