Retirement Income
NAPAFIRMPARTNERS
St. Paul, MN • securian.com
Securian Financial Group Key Contact(s) Kent Peterson 651.587.3394 • kent.peterson@securian.com
Firm Profile Securian Financial is the 7th largest insurance company measured by life insurance in force. With over 22 million clients across North America, we build Secure tomorrows for those individuals and their families. Securian offers longevity and capital preservation solutions for defined contribution and defined benefit plans and has $8 billion of AUM in those markets. Our products serve plans of all plan sizes.
Product(S) Name Single Premium Income Annuity
Primary Market(s) Targeted Micro: <$1 million, Small: $1-$10 million, Mid: [$10-$100 million, Large: $100-$250 million, Mega: >$250 million, Mega Mega: >$1 billion
Which recordkeeping platform(s) is the platform connected to/with?* Securian Financial and PRT product offerings with over 40 intermediaries
How is it available in the plan? At retirement
How is the product structured? Other
What risk(s) is the solution seeking to address? Longevity
Is there a guarantee/insurer? Yes
Guarantee Type SPIA
QDIA-compliant (qualified default investment alternative)? No
Is there flexibility as to when a participant can take income? Yes
If a participant is separated from service for any reason can they take their contract/investment with them? Yes
Will the income solution be used in conjunction with some sort of outsourced fiduciary? No
Are there fees for the solution? Implicit
*as of 6.30.23
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NAPABLACKBOOK2023