AM Best Grade: A+ (Superior) 5 stars
Address: 400 Robert Street, North St. Paul, MN 55101
Also known as: Minnesota Life Insurance Company, Securian Life Insurance Company (New York)
Minnesota Life and Securian Life are both subsidiaries of Securian Financial Group, they provide Term Life, Universal Life, Whole Life, Indexed Life, Variable Life, and Survivorship Life policies. The company was founded as Banker’s Association of Minnesota by Russell Dorr in 1880. Securian Financial is proud to claim that 98% of their customers are satisfied and would recommend doing business with them.
Securian Financial Group currently offer insurance, investments, and retirement products. They currently have about 5,000 associates and representatives nationwide to serve their 15 million customers. In 2014, Securian Financial paid out $2.2 billion in life insurance benefits. The company as a whole has over $1 Trillion dollars of insurance in force and $63.2 Billion dollars of assets under management.
By Randy McClintick, September, 2015