Securian - Premium Deposit Account Rate Increase

12-22-2022

Effective January 1, 2023, Securian is pleased to announce they are increasing their Premium Deposit Account (PDA) interest rates by 1% or more. New rates will be reflected on the financial professional site and in the illustration system on January 1, 2023.

Premium Deposit Account	December	January
All products (excluding Pennsylvania)
Years 2-7 premium payments	2.75%	4.00%
Years 8-10 premium payments	3.00%	4.00%
All products (Pennsylvania only)
Years 2-7 premium payments	2.25%	3.50%
Years 8-10 premium payments	2.50%	3.50%

 

The PDA Agreement is a policy rider that provides the opportunity to help maximum-fund a life insurance policy through a series of pre-scheduled fixed payments. It allows you to show a single-payment solution without creating a Modified Endowment Contract (MEC)   There is no charge for this agreement  At least two years of premium payments must be deposited into the PDA. This does not include the initial premium paid at issue. No more than 10 years of premium payments can be deposited into the PDA. This does not include the initial premium paid at issue.

Please give us a call at 1.800.792.6795 if you have any questions.