Securian Life Insurance Review 2026

Securian Financial and its subsidiary Minnesota Life Insurance Company offer a range of life insurance policies, including a hybrid one providing long-term care. However, you can’t buy them online or find much information about them on the company’s website.

Securian Financial earned 4.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.

» MORE: Best life insurance companies

Where Securian Financial stands out

Securian Financial’s policy lineup is a strength, with options for many types of life insurance shoppers. For example, there’s a term life policy with no medical exam for qualified applicants who need quick coverage.

Securian Financial’s hybrid policy combines life insurance and long-term care coverage, a useful option for people concerned about care expenses in their later years.

Where Securian Financial falls short

Securian Financial’s main shortcoming is its online experience. You can’t get a quote or find many policy details on the site, so you’ll need to contact a representative if you’re interested in coverage.

Term life insurance. Securian offers a selection of term life insurance policies lasting 10, 15, 20 or 30 years. Most policies can be converted to permanent coverage at a later date. Coverage amounts for the Advantage Elite Select Term policy start at $250,000. Some applicants may be eligible to get a policy without a medical exam.

Universal life insurance. The company offers three main types of universal life insurance, all of which offer a cash value component that grows tax-deferred.

• Fixed universal life: The cash value growth is tied to a fixed interest rate, making it less risky than its other universal policies.

• Indexed universal life: The cash value growth is tied to the performance of an index, such as the S&P 500. Indexed universal life insurance offers the potential for greater returns than fixed universal life, but is less risky than variable universal life. There is also a survivorship option, which insures two lives, typically a couple. The death benefit is paid out after both individuals die. 

• Variable universal life: The cash value growth is tied to investments chosen by the policyholder. Variable universal life insurance offers potential returns if the investments perform well, but also the chance of losing cash value if the underlying investments perform poorly.

Whole life insurance with long-term care. The company offers a hybrid life insurance and long-term care policy, which pays out a separate benefit to help pay for long-term care expenses like a nursing home. Coverage amounts range from $50,000 to $500,000, and you can pay your premiums upfront or over a period of up to 15 years. The policy is available to applicants between ages 40 and 75.

AD&D insurance. Securian Financial also sells accidental death and dismemberment insurance, which pays out if you die or suffer certain injuries in an accident.

Securian Financial life insurance riders

Depending on your policy, you may be able to customize your coverage with riders, including:

• Accelerated death benefit. Lets you tap into the policy’s payout before you die if you have a terminal or chronic illness.

• Extended conversion agreement. Gives you the option to convert a term policy into permanent coverage for the duration of your policy term.

• Waiver of premium. Waives your premiums if you’re too disabled to work.

• No-lapse guarantee. Prevents your variable universal policy from lapsing as long as you keep paying the premiums, even if your investments underperform.

• Guaranteed insurability. Allows you to increase your coverage without going through the life insurance underwriting process again.

• Inflation agreement. Boosts the face amount of your policy every three years to help keep up with inflation.

» MORE: Compare life insurance quotes

Below are monthly rates for a 20-year, $500,000 term life insurance policy from Securian Financial. These are sample rates for a nonsmoking man and woman in excellent health — the final quote you’re offered will depend on factors like your age, health, lifestyle, occupation and driving record.

A strong sign of consumer satisfaction is how many people complain about their insurance company to state agencies. Over three years, Securian Financial has drawn fewer than the expected number of complaints to state regulators for a company of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners.

Securian Financial ranked No. 17 out of 22 companies for customer satisfaction in J.D. Power’s 2025 U.S. Individual Life Insurance Study.[1]

How Securian Financial’s customer experience stacks up

The Securian Financial website offers life insurance educational content and free tools to determine how much coverage you need. However, it has few specific details about the company’s policies or how to apply. You can click “Customer Service” from any page to get more assistance.

Although you can’t get a quote on Securian Financial’s site, policyholders can use it to change beneficiaries, make payments and view policy information. Beneficiaries can also submit claims online.

Securian Financial offers other financial products in addition to life insurance:

• Accident insurance.

• Critical illness insurance.

• Hospital indemnity insurance.

• Annuities.

• Credit protection insurance.

Securian can be reached by:

• Phone: Call 833-810-8260 Monday through Friday from 7 a.m. to 6 p.m. CT.

• Email: Fill out the form on Securian’s contact page.

• Live chat: Not available.