Guaranteed Minimum Surrender Value If you decide to surrender your SecureLink Ultra 5 annuity contract, you have another layer of protection with the Guaranteed Minimum Surrender Value. It’s equal to 87.5% of your purchase payment, accumulated at the Guaranteed Minimum Surrender Value interest rates and adjusted for amounts withdrawn. The interest rates are between 1-3% and are guaranteed for the life of your contract. The value available at surrender will be the greater of your contract value — adjusted by any surrender charges and/or MVA — or the Guaranteed Minimum Surrender Value. Protection for your loved ones SecureLink Ultra 5 provides additional protection for you and your loved ones. If you die prior to annuitizing your contract, your beneficiary will receive the greater of the contract value or the Guaranteed Minimum Surrender Value.
Create a guaranteed stream of income An advantage annuities offer over other fixed products is the ability to annuitize or turn your assets into a guaranteed stream of income that lasts a lifetime. Payments are guaranteed by the financial strength and claims-paying ability of Minnesota Life. Your contract will generally annuitize at the earlier of the date that you elect, or the contract’s maturity date at age 95. Keep in mind, the payout choice you select is final and usually can’t be changed. So make sure you understand your choices and the option that will work best for you.
INCOME PAYMENT OPTIONS INCLUDE:
Income based on one life A variety of income options that provide income for you or you and your beneficiaries.
Income based on two lives A variety of income options for you and your spouse or another individual.
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