Securian Financial (Minnesota Life) vs Sagicor Life Insurance
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
Sagicor Life Insurance
Founded: 1840
Scottsdale, Arizona
Assets
$5.5 billion assets
IUL Experience
5+ years
Products
1
Avg Cap Rate
9%
Key Strengths
Offers Sage IUL
Accelewriting® instant decisions
No-exam up to $1M
Detailed Feature Comparison
| Feature | Securian Financial (Minnesota Life) | Sagicor Life Insurance |
|---|---|---|
| Founded | 1880 | 1840 |
| Headquarters | St. Paul, Minnesota | Scottsdale, Arizona |
| Assets Under Management | $5.5 billion+ | $5.5 billion assets |
| Years in IUL Business | 10+ years | 5+ years |
| Number of IUL Products | 4 | 1 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 120% | 110% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 1-2 minutes (Accelewriting) |