Securian Financial Group Inc. has introduced a new deferred multi-year guarantee annuity (MYGA) contract.
The St. Paul, Minnesota-based company will write the new SecureOption Choice annuities through its Minnesota Life Insurance Company unit.
(Related: Securian Financial, Pacific Life and Prudential Financial Roll Out New Offerings)
The MYGA contracts offers a choice of guarantee periods lasting three years, five years, seven years or nine years.
The contract holder can get 10% free annual withdrawals after the first year.