Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Content Writer & Entrepreneur Shuman Roy

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jun 29, 2022

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The Truth in a Nutshell

  • 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
AgeFemale 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)
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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
AgeFemale 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)
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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.

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.

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Securian Financial Insurance: The Bottom Line

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.