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Minnesota Life Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Type of Insurance Company: Stock
Name of Parent Company:
Securian Financial Group
Company History: Founded in 1880, Minnesota Life pioneered Adjustable Life, the first flexible life insurance policy. The company now has approximately 5,000 employees.
Principle Sales Methods: Career agents.
Life Annuity Business: Minnesota Life offers Term, Whole, Universal, Indexed, Variable, and Survivorship life insurance. Term life insurance incorporates premiums that are the same throughout the term and only pay for insurance. You are given the option to switch to permanent coverage during particular intervals in the given term. Permanent life insurance offers potential cash value growth and lifetime insurance coverage. The tax-advantaged cash value given may be used as part of your retirement income or for emergencies. You may use the death benefit as a business solution or for individual needs.
Special Business: Minnesota life offers retirement plans. The company also offers group insurance for employers.
Company Financial Status:
Assets & Premiums: Assets: $34.168 billion
Premiums: $331.342 million
S&P rating: A- (very strong)
Moody's rating: Aa2 (excellent)
Fitch rating: AA (very strong)
Lines of Insurance:
Long Term Care, Life
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY