Guardian Life vs Securian Financial (Minnesota Life)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Guardian Life
Founded: 1860
New York, NY
Assets
$1.6 billion dividend allocation 2025
IUL Experience
5+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Offers IUL products with index participation features
Strong financial ratings
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
Detailed Feature Comparison
| Feature | Guardian Life | Securian Financial (Minnesota Life) |
|---|---|---|
| Founded | 1860 | 1880 |
| Headquarters | New York, NY | St. Paul, Minnesota |
| Assets Under Management | $1.6 billion dividend allocation 2025 | $5.5 billion+ |
| Years in IUL Business | 5+ years | 10+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 115% | 120% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks | 2-4 weeks standard |