SecureOption Choice
Securian Financial
5.05%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.05% guaranteed for 5 years
A multi-term multi-year guaranteed annuity from tri-agency-rated Securian Financial with three, five, seven, and nine-year guarantee periods, a nine-year declining surrender ladder, an annual free-withdrawal allowance, and nursing-home, terminal-illness, and RMD waivers on a single-source MYGA filing without a premium bonus or income rider.
Best fit
Buyers who want a multi-year rate guarantee from a tri-agency-rated carrier, value a multi-term menu over a single-term filing, want the choice to lock in three, five, seven, or nine years inside one contract, and value a slowly-declining surrender ladder that softens the cost of an unplanned partial exit later in the schedule.
AM Best
A+ Superior
Surrender period
9 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Carrier financial-strength is rated by three independent agencies (A.M. Best, Standard & Poor's, and Moody's), so the strength view backing the multi-year guarantee is not a single-source read — material reassurance when locking principal for a multi-year window.
- Multi-term menu rather than a single-term filing — guarantee periods at three, five, seven, and nine years are published on the live feed, so a buyer can pick the rate-lock horizon that matches their cash-flow plan without leaving the filing.
- Surrender ladder runs a full nine years with a declining charge each year, so a buyer who needs unplanned partial liquidity in the back half of the contract pays a materially smaller charge than they would on a flat or short-stepped schedule. An annual free-withdrawal allowance sits on top of that.
- Annual free-withdrawal allowance is paired with nursing-home, terminal-illness, and RMD waivers — all published on this page from the live feed — alongside both single and joint annuitization options.
What to confirm
- Posted rates on this page reflect a specific premium-band and issue-age scenario from the live feed; lower premium bands earn lower guaranteed rates within the same filing. The lead five-year and seven-year headline rates apply to the higher band — confirm the actual deposit-size band before relying on the headline rate.
- The surrender ladder is longer than the longest published guarantee period — a buyer who chooses the five-year guarantee period stays inside a nine-year declining surrender ladder for four additional years after the rate guarantee ends. Confirm what happens to the rate after the initial guarantee period, and what the surrender charge schedule looks like during the post-guarantee stretch, before locking in.
- Filed across the U.S. but NOT available in New York — the sibling SecureOption Focus MYGA from the same carrier is the New York filing on Securian's MYGA shelf, but it publishes lower rates and a different term menu, so a New York buyer is on a different product entirely.
- There is no premium bonus, no death-benefit roll-up or step-up, and no guaranteed-lifetime-withdrawal rider on this filing — this contract is built for multi-year rate certainty from a top-rated carrier, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers who want a single-term filing without a menu to navigate, want short-window liquidity inside the surrender ladder, need market-linked upside through index crediting, expect a premium bonus or a death-benefit roll-up, want a guaranteed-lifetime-withdrawal rider, or live in New York where this filing is not offered.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.65% |
| 5-Year | 5.05% |
| 7-Year | 5.05% |
| 9-Year | 4.7% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
Yr 8
2%
Yr 9
1%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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