Securian Financial works with large and mid-size employers to help provide financial protection for millions of people. With a progressive mindset and a purposeful commitment to stay ahead of expectations, we’re all in on creating forward-thinking solutions.
Leading group life and supplemental health insurance solutions
Illuminating what matters next
In fact, over 500 employers1 have selected us due to our laser-focus on providing holistic products, innovative administrative technology and exceptional customer service.
Since issuing our first group life insurance policy in 1917, we’ve become the third largest direct writer of group life insurance in the United States.2 We’re a top provider of group life insurance to state governments (15) and have an extensive list of Fortune 500 employer clients, including 19 of the Fortune 100.3
Nearly $2.7B in group benefits paid this year
Source: Securian Financial claims information, December 2024.
Committed to progressive products and services
We’re continually assessing our product offerings to ensure they’re helpful and holistic.
For example our supplemental health product enhancements include family-building benefits like a collaboration with proactive labor and delivery claim payment, infertility coverage, and BenefitBump, which supports all paths to parenthood. We’re also first on the scene to offer a unique hospital transport benefit.
Enrolling for life insurance should be seamless, that’s why Securian Financial made the evidence of insurability (EOI) process easier with on-platform EOI capabilities and eliminated knockout questions related to mental health.
To complement both product suites, we’re proud to offer a comprehensive bereavement support system, Empathy. Empathy provides insured individuals and beneficiaries on-demand personalized guidance and care for the administrative, emotional, legal and financial challenges both when preparing for a loss and after their loved one passes away.
Committed to ethical artificial intelligence practices
Artificial intelligence (AI) is a critical component of the innovation journey. Our ethical AI practices ensure human oversight to help safeguard privacy and security.
To better serve clients, we’re using AI to:
- Generate new hire emails to offer personalized coverage recommendations
- Provide real-time support with the AI-driven chatbot within our Benefit Scout decision-support tool
- Utilize AI document capture to create efficiency in underwriting response times
Committed to the customer experience
For employers
Employers expect a seamless experience with their benefits carrier. We are setting standards with:
Disability waiver of premium coordination to ensures benefit utilization
- Cross-product reporting provide transparency
- Bundling life and supplemental health products which may provide discounts and additional tech credits. Availability may vary by state.
- The option to elect longer supplemental health product rate guarantees
For employees
Employees seek benefits that are easy to understand, simple to acquire and seamless to utilize. We are putting the customer first by:
- Striving to pay the most supplemental health claims in the industry
- Offering medical claims integration through Reclaim
- Expanding gender definitions and preferred name
- Delivering contact-free medical underwriting
- 99% of applicants don’t requiring an in-person exam4
- About 91% of online EOI decisions are made within one business day4
Exceptional service shouldn’t be an exception
The truth is in the numbers
Any company can claim to be a leader and innovator in service excellence. We let the facts about our group insurance business speak for us.
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Securian Financial Customer and Channel Partner Insights, December, 2023.
Financial strength matters
Our high ratings and financial strength are a testament to our long-term focus, aided by our mutual holding company structure which allows us to put our energy into serving the needs of our customers and channel partners.
Value-added services availability and features may vary by state. Your Securian Financial representative can confirm availability.
Access to BenefitBump is not contingent upon participation in the group hospital indemnity insurance product, nor any other product offered by Securian Financial Group, Inc. and its insurance company subsidiaries.
The relationship between BenefitBump, LLC and Securian Financial Group, Inc., is that of independent contractor. BenefitBump, LLC is responsible for the services it provides and does not have the power or authority to obligate or bind Securian Financial Group, Inc., in any manner beyond that which is contractually agreed to by the parties.
The relationship between The Empathy Project Inc. and Securian Financial Group, Inc., is that of independent contractor. These services are not affiliated with Securian Financial Group, Inc. or its group contracts and may be discontinued at any time. Certain terms, conditions, and restrictions may apply when utilizing the services. The Empathy Project Inc. is responsible for the services it provides and does not have the power or authority to obligate or bind Securian Financial Group, Inc., in any manner beyond that which is contractually agreed to by the parties.
Services provided by Reclaim are their sole responsibility. Reclaim is not affiliated with Securian Financial and its services may be discontinued at any time. Certain terms, conditions and restrictions may apply when utilizing the services.
For more information about the rating agencies and to see where our ratings rank compared to other ratings, please see our website at securian.com/ratings.
Ratings for financial strength and claims-paying ability are important; however they are not reflective of the performance of any registered securities or variable subaccounts. All ratings information as of June 2023. Securian Financial Group, Inc., is a part of an insurance company holding group. These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company.
1. As of November 2024.
2. Direct group life insurance in force as of December 31, 2023 on a consolidated basis. Source: S&P Global Market Intelligence. This statistic reflects the insurance subsidiaries of Securian Financial Group, Inc., Minnesota Life Insurance Company and Securian Life Insurance Company.
3. As of October 31, 2024.
4. Based on Securian Financial’s underwriting data 1/1/2023-12/31-2023.
DOFU 12-2024
3416525