Minnesota Life, a unit of Securian Financial Group, St. Paul, Minn., has debuted a new Guide Series to its MultiOption variable annuity product line. Attributes of the MultiOption Guide products include:
- A simplified suite of variable annuities, including product available in a B series with a seven-year surrender charge and an L series with a four-year surrender charge.
- Optional living benefits, including Ovation Lifetime Income II, which establishes a benefit base for calculating guaranteed annual income either via withdrawals or annuitization.
- A streamlined investment lineup that simplifies the process of build VA portfolios.