Securian Financial (Minnesota Life) vs Transamerica Premier 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
Transamerica Premier Life Insurance
Founded: 1906
Cedar Rapids, Iowa
Assets
$131 billion Aegon USA
IUL Experience
15+ years
Products
2
Avg Cap Rate
10.5%
Key Strengths
Transamerica subsidiary
Financial Foundation IUL II, Financial Choice IUL II
Issue ages 18-90
Detailed Feature Comparison
| Feature | Securian Financial (Minnesota Life) | Transamerica Premier Life Insurance |
|---|---|---|
| Founded | 1880 | 1906 |
| Headquarters | St. Paul, Minnesota | Cedar Rapids, Iowa |
| Assets Under Management | $5.5 billion+ | $131 billion Aegon USA |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 4 | 2 |
| Typical Cap Rate Range | 8% - 10% | 9% - 12% |
| Participation Rates | 120% | 125% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 18-90 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks |