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Why did you submit these changes? Paul, MN The Minnesota Life Insurance Company is an affiliate of Securian Financial Group, a topmost provider of financial security for individuals and businesses all over the country. Insurance products are issued by Minnesota Life in all states except New York. Headquartered in St. It changed its name on October to what it is currently known today.

At present, Minnesota Life has a workforce of 5, employees. The four independent rating organizations that analyze financial strength have superior ratings for Minnesota Life. Particularly, A. The company offers insurance, pension, and investment products that provide financial security to different individuals and businesses.

It provides life insurance products, including term life, adjustable life, variable life, indexed universal life, survivorship universal life, and whole life. It also offers group insurance for large employer groups, public employers, and corporations and partnerships, as well as deferred and immediate annuities, and employee and employer retirement plans.

These large employer groups can be regarded as a payroll-deduction market, where employees acquire supplemental coverage through their employer-sponsored group program and pay premiums through payroll deduction. The company also offers plans for municipal governments with less than 1, employees, and executive benefits for corporations and partnerships.

Minnesota Life makes use of permanent life insurance to provide support to corporations and partnerships in replacing existing executive plans, providing corporate-owned or partnership-mandated plans and setting up voluntary executive carved-out plans.