February, 25 2018


Life insurance reviews, news and prices from the top companies

Minnesota Life Insurance Company (Securian) Review

Minnesota Life Insurance Company (Securian) Review

  • Price
  • Underwriting
  • Financial Strength

Minnesota Life Insurance Company (Securian) Review

Pros: Financial rating– Minnesota Life Insurance Company (the parent company of Securian Financial Group) has an A+ (Superior) A.M. Best Financial rating and a 93 out of 100 Comdex ranking.  Size and Stability– Founded in 1880, today Minnesota Life Insurance Company and Securian Financial Group affiliates have over 13 million customers and manage over $42 billion in assets.  Indexed Universal Life (IUL/EIUL) Product– Minnesota Life’s IUL/EIUL policy is a favorite for clients looking for a tax free income stream.

Cons: There are not really any cons with Minnesota Life.  In comparing their rates they typically will not have the lowest rates.

Bottom Line: Minnesota Life Insurance Company (Securian) is a superior rated life insurance company with a 93 Comex score- meaning their claims paying ability is among some of the best life insurance companies in the nation.  Their product line is extensive and they offer competitive underwriting guidelines.  The bottom line is  Minnesota Life Insurance (Securian) is a top tier life insurance company but as we suggest with all carriers, we recommend receiving a quote from them but also from other companies as well so you get the best deal for your situation.


Type: Mutual

Issued by: Minnesota Life Insurance Company

Founded: 1880

Website: securian.com

Phone: (877) 282-1930

Address: 400 Robert Street North St. Paul, MN 55101

A.M Best Rating: A+ (Superior) Second highest of 16 possible ratings

Comdex Ranking: 93 out of 100

BBB Rating: A+

Competitors: Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Ohio National Life, New York Life, Northwestern Mutual, Mass Mutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life,  ANICO, TIAA-CREF, Guardian, OneAmerica, Sagicor, Amica.

Price Comparison Chart

Sample rates for a male in each company’s best health class for $500,000-20 year term.

AgeMinnesota Life ProtectiveBannerLincoln National


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Minnesota Life Insurance Company (Securian)
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