NU Online News Service, Dec. 11, 3:00 p.m. – Minnesota Life Insurance Company, Saint Paul, is launching an annuity distribution and sales drive that it says could lead to $1 billion in annuity sales in four years.
“Annuities are a scale and risk management business,” says Kerry Geurkink, director of the company’s annuity marketing. “Minnesota Life very much understands the risk management side. We currently are recruiting a team of wholesalers who will help us increase our scale by expanding our distribution system.”
Minnesota Life has a nationwide network of more than 1,000 financial advisors to distribute its products. That network was branded for the first time in May as Securian Financial Network, whose advisors sell products from other manufacturers as well as its own. Minnesota Life says it will distribute its products through additional outlets outside of its wholesaler network.