Securian Financial unit rolls out new annuity product lineNews added by National Underwriter on January 4, 2013
National Underwriter

National Underwriter

Joined: April 22, 2011

By Warren S. Hersch

Minnesota Life, a unit of Securian Financial Group, St. Paul, Minn., has debuted a new Guide Series to its MultiOption variable annuity product line. Attributes of the MultiOption Guide products include:
  • A simplified suite of variable annuities, including product available in a B series with a seven-year surrender charge and an L series with a four-year surrender charge.

  • Optional living benefits, including Ovation Lifetime Income II, which establishes a benefit base for calculating guaranteed annual income either via withdrawals or annuitization.

  • A streamlined investment lineup that simplifies the process of build VA portfolios.
Prudential Retirement, a unit of Prudential Financial Group, Newark, N.J. has added target-date funds from American Century Investments to its retirement plan offerings. Dubbed LIVESTRONG Portfolios, the diversified, time-based portfolios automatically adjust as their target goal date approaches. A portfolio target date is the approximate year when investors plan to start withdrawing their money.

American Century Investments, a privately held investment management firm, joins other Prudential fund partners that offer income guarantees. Among the companies are T. Rowe Price, Fidelity, J.P. Morgan and Vanguard.

Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers actively managed investments through mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo.

The Forex-Assistant, Greenville, S.C., has unveiled a new retirement planning software tool. Dubbed Retirement Investment Software or RISE, the software operates on the foreign exchange currency market (forex), a trading space for the world's currencies.

An intelligent application for automated investing, the software is available in desktop and cloud-based versions. When the software is connected to a brokerage account, it executes trades automatically. A worldwide company that operates on the Internet, The Forex-Assistant was established in 2007.

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