Securian Financial (Minnesota Life) vs Ohio National Financial Services
Comprehensive side-by-side comparison of indexed universal life insurance companies
Securian Financial (Minnesota Life)
Founded: 1880
St. Paul, Minnesota
Assets
$5.5 billion+
IUL Experience
10+ years
Products
4
Avg Cap Rate
9%
Key Strengths
140+ year history
Eclipse Accumulator II with new Hindsight Account (60/40/0 split)
Low charges and transparency
Nearly $2B annuity sales (2023)
IPA Flex rider for customization
Ohio National Financial Services
Founded: 1909
Cincinnati, Ohio
Assets
$40.8 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9%
Key Strengths
115+ year history
Mutual company structure
Comdex 74
Strong cash accumulation in Virtus IUL II
Note: Rating downgrades 2019-2020; exited annuity market
Detailed Feature Comparison
| Feature | Securian Financial (Minnesota Life) | Ohio National Financial Services |
|---|---|---|
| Founded | 1880 | 1909 |
| Headquarters | St. Paul, Minnesota | Cincinnati, Ohio |
| Assets Under Management | $5.5 billion+ | $40.8 billion |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 4 | 2 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 120% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |