Securian Adds MYGA Contract
January 15, 2019 by Allison Bell
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.
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Figures from Wink Inc. showed that sales of MYGA contracts were 64% higher in the third quarter of 2018 than in the third quarter of 2017.