Securian Financial Group Inc. has introduced the SecureLink equity indexed annuity.
Securian will be issuing the policy through its Minnesota Life Insurance Company subsidiary.
Securian, a unit of Minnesota Mutual Insurance Companies, St. Paul, Minn., says it is using derivatives contracts to peg SecureLink returns to the performance of the S&P 500 stock index.
Securian will change the crediting rate every year, and it says the minimum crediting rate will be 0.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
