ST. PAUL, Minn., Dec. 7 Securian's IncomeToday! single payment immediate annuity issued by Minnesota Life, is now available on the CANNEX SPIA Exchange.
IncomeToday! debuted in November of 2008 and offers a distinctive feature called the Advance Withdrawal Benefit. This feature allows clients to take a one-time advance on a portion of their future annuity income stream, making IncomeToday! a fixed annuity that offers both protection and flexibility.
"We are excited about the convenience that the CANNEX SPIA Exchange will add for financial advisors considering IncomeToday!," said Karen Solfest, Securian annuity promotions consultant. "The comparison of payout information across product carriers makes the service efficient for financial advisors as they look for the SPIA that best meets their clients' income needs."
"CANNEX welcomes Securian to our group of high quality income annuity firms," said Lowell Aronoff, CEO of CANNEX.
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation's largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company. For more information about IncomeToday! call 1-866-335-SELL (7355).
CANNEX Financial Exchanges Limited (CANNEX) facilitates the purchase and sale of a variety of financial products in the United States and Canada. The CANNEX SPIA Exchange allows brokers, agents and wire houses to survey, quote and illustrate all the companies in the SPIA market they deal with--from their own intranet or extranet. CANNEX calculates an apples-to-apples comparative survey--instantly. For more information, call 1-800-387-1269.
IncomeToday! is a single payment immediate annuity issued by Minnesota Life Insurance Company. The guarantees in IncomeToday! are based solely on the financial strength and claims-paying ability of Minnesota Life. IncomeToday! may not be approved in all states and features may vary by state.
©2009 Securian Financial Group, Inc. All rights reserved.
Securian Retirement DistributorsA unit of Minnesota Life Insurance Company.400 Robert Street North, St. Paul, MN 55101-2098 1.888.237.1838
SOURCE Securian Financial Group