Securian Financial Insurance Review (2024)
Securian Financial Insurance sells traditional term and whole life insurance policies underwritten by the Minnesota Life Insurance Company. Securian Financial life insurance quotes average $11.22 per month; however, your age, medical history, and lifestyle choices impact your individual premiums. This company has an A+ (Superior) A.M. Best financial rating. Securian Financial issues insurance policies in all states.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Dec 13, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 13, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Securian Financial insurance rates cost about $11 per month on average
- It’s the parent company of the Minnesota Life Insurance Company, which issues all of the term and whole life insurance policies
- Its customer reviews and financial ratings are above average.
Securian Financial Group’s insurance policies are all underwritten by the Minnesota Life Insurance Company, except in New York, where policies are provided by the Securian Life Insurance Company.
How much does life insurance cost from this company? The average Securian Financial insurance quote is about $11 per month.
Below, you can compare actual rates, discover what policy options are available, and determine if this is the right company for you.
Securian Financial life insurance company might not be active or available where you live. However, you can discover the best life insurance quotes available in your area by entering your ZIP code into our free quote tool above.
What are the Securian Financial life insurance rates?
Life insurance coverage from Securian Financial costs $11.22 per month on average for a term policy with a $100,000 death benefit. However, your rates depend on the level of coverage you require, your age, and your medical history. These factors will be considered during the underwriting process as the life insurer evaluates your risk profile.
For example, take a look at the monthly premiums for different term coverage lengths by age and gender for a policy with a $500,000 death benefit in the table below.
Average Monthly Securian Financial Life Insurance Rates by Term Length
| Age | Female Average Monthly Rates (10-Year Term) | Male Average Monthly Rates (10-Year Term) | Female Average Monthly Rates (20-Year Term) | Male Average Monthly Rates (20-Year Term) | Female Average Monthly Rates (30-Year Term) | Male Average Monthly Rates (30-Year Term) |
|---|---|---|---|---|---|---|
| 25-years-old | $12.32 | $13.64 | $18.70 | $22.42 | $25.25 | $32.12 |
| 30-years-old | $12.32 | $13.64 | $18.48 | $22.42 | $28.89 | $35.64 |
| 35-years-old | $12.76 | $14.52 | $20.17 | $23.39 | $33.56 | $40.04 |
| 40-years-old | $15.84 | $19.36 | $26.84 | $31.18 | $45.57 | $56.66 |
| 45-years-old | $25.52 | $29.48 | $42.24 | $51.12 | $67.75 | $85.77 |
| 50-years-old | $33.88 | $43.12 | $62.04 | $87.12 | $107.80 | $146.27 |
| 55-years-old | $51.92 | $73.04 | $94.78 | $135.08 | NA | NA |
| 60-years-old | $76.56 | $115.28 | $153.12 | $235.40 | NA | NA |
| 65-years-old | $127.36 | $201.52 | $266.80 | $409.20 | NA | NA |
As you can see, it’s possible to secure affordable Securian Financial life insurance rates even with a more considerable death benefit.
Whole life insurance policies from this company are more expensive; however, this is the industry standard.
The following table compares whole life insurance policies with different death benefit amounts by age and gender.
Average Monthly Securian Financial Whole Life Insurance Rates by Coverage Level
| Age | Female Average Monthly Rates ($100,000 Policy) | Male Average Monthly Rates ($100,000 Policy) | Female Average Monthly Rates ($250,000 Policy) | Male Average Monthly Rates ($250,000 Policy) | Female Average Monthly Rates ($500,000 Policy) | Male Average Monthly Rates ($500,000 Policy) |
|---|---|---|---|---|---|---|
| 25-years-old | $70.11 | $76.12 | $151.87 | $166.36 | $297.14 | $326.12 |
| 30-years-old | $82.60 | $91.72 | $180.69 | $202.03 | $354.77 | $397.47 |
| 35-years-old | $98.28 | $112.43 | $216.92 | $249.35 | $427.21 | $492.11 |
| 40-years-old | $116.86 | $134.81 | $260.08 | $301.36 | $513.56 | $596.12 |
| 45-years-old | $140.69 | $163.71 | $315.54 | $368.57 | $624.48 | $730.55 |
| 50-years-old | $171.31 | $201.25 | $386.86 | $455.97 | $767.12 | $905.34 |
| 55-years-old | $210.43 | $252.02 | $478.09 | $574.27 | $949.57 | $1,141.95 |
| 60-years-old | $281.10 | $336.43 | $639.03 | $768.05 | $1,271.46 | $1,529.50 |
| 65-years-old | $382.24 | $454.56 | $868.24 | $1,038.68 | $1,729.88 | $2,070.75 |
Those interested in a policy can call the Securian Financial phone number listed on the company website to discuss their insurance needs.
After you purchase a policy, you can create a Securian Financial login online to manage your policy, contact customer support, or make payments.
There you can also file claims. However, you can also reach the claims center by phone, fax, email, and regular mail.
You would have a few different policy options if you choose to buy Securian Financial life insurance. Keep reading to learn exactly what those options are.
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What insurance products does Securian Financial offer?
On behalf of Securian Financial, Minnesota Life underwrites traditional term and whole life insurance policies for individuals and businesses that help provide financial security.
It also issues universal life, long-term care, and chronic illness insurance, as well as annuities and accident and accidental death insurance.
Term life insurance is a type of life insurance that lasts for a particular period of time.
The term life insurance coverage issued by this company comes in 10-, 20-, or 30-year increments. These can convert into permanent policies.
While not explicitly mentioned on the company’s website, some age limits may apply depending on what level of coverage you purchase.
Whole life insurance is a permanent policy, meaning the coverage lasts your entire life. Permanent life insurance policies are favored by many, but they tend to be more expensive than term life insurance policies.
The whole life insurance coverage offered ranges in coverage from $100,000 to $500,000. Your rates remain the same as long as you make the premium payments on time.
Universal life insurance from this company provides you with more flexibility in your premiums. You can also adjust your benefit amount and build a cash value on a tax-deferred basis.
However, if you do not pay enough in premiums, you risk a lapse in your universal life insurance policy.
Finally, long-term care insurance and chronic illness insurance are available in 20-year terms for seniors in need of coverage. This policy offers an accelerated death benefit or chronic illness rider.
Any riders you add to your life insurance policy may come with an additional charge, so make sure to ask about this when you speak to a Securian financial professional about your coverage options.
Securian also offers a broad range of financial services like annuities and other retirement plans, investment advice, and credit protection.
Read More: Securian Retirement Plans and Features
Customer-Centric Approach: Securian Financial’s Claims Experience
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Securian Financial Insurance offers multiple convenient options for policyholders to file insurance claims. You can file a claim online through their website or use their mobile app for a streamlined digital experience.
Additionally, traditional methods such as filing a claim over the phone, via email, or by regular mail are available for those who prefer more traditional communication channels. The company’s commitment to providing various avenues for claim submission ensures that policyholders can choose the method that suits them best.
Average Claim Processing Time
Securian Financial Insurance is known for its efficient claim processing. While the specific processing time may vary depending on the nature and complexity of the claim, the company aims to expedite the process as much as possible.
On average, policyholders can expect their claims to be processed in a timely manner, ensuring that beneficiaries receive the necessary support when it matters most.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance in handling claims. Securian Financial has received positive reviews from policyholders regarding the resolution of claims and the promptness of payouts.
With a strong track record of fulfilling its financial commitments to policyholders, Securian Financial has earned the trust of its customers when it comes to claim resolutions.
Seamless Insurance Management with Securian Financial’s Technology
Mobile App Features and Functionality
Securian Financial offers a user-friendly mobile app that provides policyholders with a range of features and functionalities. The app allows you to manage your insurance policies on the go, view policy details, pay premiums, and even file claims directly from your mobile device.
With a seamless and intuitive interface, the mobile app enhances the overall customer experience by putting essential insurance services at your fingertips.
Online Account Management Capabilities
Policyholders can access and manage their insurance accounts through the company’s online portal. This digital platform enables you to review policy information, update personal details, make payments, and track the status of claims.
The online account management capabilities empower policyholders to have greater control and visibility over their insurance policies, ensuring that they can easily stay informed and up to date.
Digital Tools and Resources
Securian Financial provides a range of digital tools and resources to assist policyholders in making informed decisions. These resources may include calculators to estimate insurance needs, educational materials on different insurance products, and access to customer support through digital channels.
By leveraging technology, Securian Financial enhances the overall customer experience and ensures that policyholders have the information and support they need to make the most of their insurance coverage.
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What are the Securian Financial ratings and reviews?
Researching the financial strength and customer service reviews for a company helps you determine if it’s reliable and stable enough to close your claim in the future. Fortunately, both ratings for Securian Financial are above average.
Take a look at the financial rankings for this company in the list below:
- A.M. Best: A+ (Superior)
- Fitch Ratings: AA (Very Strong)
- Moody’s Investor Score: Aa3 (Excellent)
- Standard & Poor’s: AA- (Very Strong)
Financial strength ratings like these reflect a company’s claims-paying ability.
According to the website, the company pays out 99 percent of death claims within 10 days of receiving proof.
You can rely on this company to pay out your benefit amount even in an economic downturn.
Customer service reviews for this company are also superior. It received an A+ Better Business Bureau (BBB) rating.
Its complaint index is 0.13, as reported by the National Association for Insurance Commissioners (NAIC). A number below one indicates fewer customer complaints than average.
Overall, customers of this company appear to be satisfied with the products and services provided.
What is the history of Securian Financial?
The origins of Securian Financial stretch back to 1880. Originally called the Bankers Association of Minnesota, it was the first life insurance company in the state.
Restructured in 1902 as the Minnesota Mutual Life Insurance Company, the group sold insurance under this name for almost a century.
In 1998, it adopted a mutual holding company and the Minnesota Life brand, followed by the Securian Financial Group brand in 2001.
As of 2018, Minnesota Life issues all insurance policies on behalf of Securian Financial in every state but New York.
However, Securian Casualty Company issues the property and casualty insurance products.
Securian Financial Insurance: The Bottom Line
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Securian Financial Insurance: What’s the bottom line?
Overall, Securian Financial is an excellent option for people in need of traditionally underwritten life insurance.
The high customer satisfaction rates and solid financial standings prove that this company can successfully meet all of your needs.
If you need help choosing from the different types of life insurance or help deciding on an insurance provider, tell to an insurance agent about your needs and budget.
Securian Financial life insurance quotes might not be available or active in your area; discover the best life insurance companies near you by entering your ZIP code into our free tool below.
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.