MetLife vs Securian Financial (Minnesota Life)
Comprehensive side-by-side comparison of indexed universal life insurance companies
MetLife
Founded: 1868
New York, NY
Assets
$700 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Largest mutual company
Offers UL and VUL, but no indexed UL
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 | MetLife | Securian Financial (Minnesota Life) |
|---|---|---|
| Founded | 1868 | 1880 |
| Headquarters | New York, NY | St. Paul, Minnesota |
| Assets Under Management | $700 billion+ assets | $5.5 billion+ |
| Years in IUL Business | 0+ years | 10+ years |
| Number of IUL Products | 0 | 4 |
| Typical Cap Rate Range | N/A - N/A | 8% - 10% |
| Participation Rates | N/A | 120% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 2-4 weeks standard |