Securian Financial (Minnesota Life) vs Royal Neighbors of America
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
Royal Neighbors of America
Founded: 1895
Rock Island, Illinois
Assets
$1 billion
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Fraternal benefit society with term/whole/UL but no IUL found
Detailed Feature Comparison
| Feature | Securian Financial (Minnesota Life) | Royal Neighbors of America |
|---|---|---|
| Founded | 1880 | 1895 |
| Headquarters | St. Paul, Minnesota | Rock Island, Illinois |
| Assets Under Management | $5.5 billion+ | $1 billion |
| Years in IUL Business | 10+ years | 0+ years |
| Number of IUL Products | 4 | 0 |
| Typical Cap Rate Range | 8% - 10% | N/A - N/A |
| Participation Rates | 120% | N/A |
| Minimum Premium | $5,000 annual | N/A |
| Issue Ages | 0-85 years | N/A |
| Underwriting Speed | 2-4 weeks standard | N/A |