American Life Insurance Guide > Life Insurance Brand > Minnesota Life
Insurance Institution Rating Form/2018 Update
A+
A+
Aa3
AA
93
Introduction
With more than 120 years of history and financial ratings in the life insurance industry, Minnesota Life is comparable to industry giants in terms of product cost-effectiveness and innovation.Now, under the leadership of the new brand image, will Minnesota Life surpass history?Take a look at our next evaluation of him:
Ratings and product introductions for Minnesota Life
Minnesota Life Insurance started in 1880 and is a life insurance company covering the local communities of St. Paul and all of Minnesota.It developed rapidly in the following decades and expanded to a wider area.In times of financial crisis like the Great Depression, Minnesota Life was still not affected much, but prospered.
Securian Financial Group was established in 2005 and is the parent company of Minnesota Life Insurance. Now it uses the parent company's brand and continues to approach its goal of becoming a Top Life Insurance company.
Financial rating
An important criterion for evaluating whether an insurance company is strong and safe is to trace its history, reputation of claims and current financial situation.Four major credit agencies have rated Minnesota Life, and they have also received as many "A" or better ratings as possible. Comdex gives a comprehensive score of 93, which means that if calculated only in accordance with the Comdex rating, it ranks among the top 7% of all insurance companies.
AM Best and Standard & Poor's gave Minnesota Life an "A+" rating, while Moody's gave it an "AA" and Fitch's rating was "AA-".This means that the company has a strong foundation, has the ability to pay, and its development prospects are worth optimistic.
Products
- Term life insurance
- Whole life insurance
- Universal Life Insurance
- Investment universal insurance
- Index Universal Insurance
Minnesota Life provides first-classTerm life insuranceproduct.Based on a comprehensive comparison, it is the most competitive among people 50 and over.This term life insurance product is very useful for those who have short-term needs, but the upper limit of the insured amount is not very large.
Minnesota Life also provides several different whole life insurance products, such asUniversal Life InsuranceThe product is for those customers who need a certain degree of flexibility and at the same time have a longer guarantee period.If you like constant premiums and want to gain cash value growth at the same time, then their whole life insurance products may best suit your needs.
For those customers who actively purchase life insurance products, you can applyInvestment universal insurance和Index Universal Life Insuranceproduct.Compared with conventional life insurance products, this product also accumulates cash for investment in addition to the conventional compensation contract. At the same time, it is linked to market indexes (such as the Standard & Poor's 500 Index) or directly invests in mutual funds to obtain income.
Other financial products
Minnesota Life also conducts business in other areas besides life insurance, including annuities, investment plans, retirement plans, etc.They also provide special types of plans for large and medium-sized enterprises, including key employee insurance, executive bonus plans, and even provide insurance and investment-based voluntary group benefits.
Minnesota Life is very strong in the direct annuity market. Their expenditure structure has maintained the highest level in a few years. This is a good thing for consumers.The product guarantees future income. Customers need to make a one-time payment at the beginning to determine how many years of income they need to provide, and finally obtain a source of income for a lifetime.Due to the trust of the market, this product of Minnesota Life has attracted many consumers.
Official website: securian.com
Minnesota Life began to use the parent company's brand Securian Financial for sales.The launch of the new brand is a fresh start for Minnesota Life. Securian Financial Group is a joint holding company that provides consumers with various types of financial products and services. Wikipedia
American Life Insurance Guide > Life Insurance Brand > Minnesota Life
