Minnesota Life SecureOption Choice — 3-year fixed annuity at 4.65%
- Locks in 4.65% for 3 years
- Open with $25,000 to $2,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 3 years
Compounded at 4.65% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $23,250 | $523,250 |
| 2 | $24,331 | $547,581 |
| 3 | $25,463 | $573,044 |
| Total earnings | $73,044 | $573,044 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #83 of 143 (top is 6.00% — Mountain Life Alpine Horizon)
- Top 3-year CD
- 4.20% APY · $565,683 at maturity (taxed annually)
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
Contract terms
What else to know
Term
3 years guaranteed at 4.65% APY
Investment range
$25,000 – $2,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $25,000 – $100,000 | 4.40% |
| $100,000 – $500,000 | 4.55% |
| $500,000 – $2,000,000 | 4.65% |
Funding sources accepted
Roth Conversion (Partial), Roth Conversion (Full), Traditional IRA, Non-Qualified, Inherited IRA, IRA Rollover, IRA Transfer, IRA-Roth
Owner age
0 to 90 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Hospital Confinement Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Minnesota Life contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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