EX-99.24.(B).5.(A) 3 d760407dex9924b5a.htm EX-99.24.(B).5.(A) EX-99.24.(b).5.(a)

Exhibit 24(b)5(a)

 

MultiOption Momentum

 

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Individual Variable Annuity Application

 

Minnesota Life Insurance Company - a Securian Financial company

Annuity Services • A1-9999 • 400 Robert Street North, St. Paul, MN 55101-2098

1-800-362-3141 • Fax 651-665-7942 • securian.com

 

 

1.  Plan Type

 

☐ Traditional IRA - Tax year                                     

 

 

Inherited IRA - Relationship                                     

 

☐ Roth IRA - Tax year                                                

 

 

Non-Qualified

  
 

☐ SEP IRA - Tax year                                                 

 

 

Under the                               (state) UTMA/UGMA

 

 

 

 

2.  Owner

   

For UTMA/UGMA  

enter custodian’s information here.

 

For TRUSTS:

Only provide the title

of the trust. Do not

include the name of

the trustee.

  Individual name (first, middle initial, last, suffix) trust title, or entity    
         ☐  Male   ☐  Female     ☐ Entity
  Date of birth or date of trust     Tax I.D. (SSN or TIN)              
                                                                                                US citizen:   ☐  Yes ☐  No
  Physical address (no PO Boxes)          
      
  City     State     Zip code
                  
  Mailing address (if different than physical address)     City     State     Zip code
                        
  Email address         Telephone number
            

 

 

 

 

3.  Joint Owner (if applicable)

   
  Individual name (first, middle initial, last, suffix)    
         ☐  Male   ☐  Female
  Date of birth     Tax I.D. (SSN)     Relationship to owner      
                                                                                                     US citizen:   ☐  Yes ☐  No
  Physical address (no PO Boxes)          
      
  City     State     Zip code
                  
  Mailing address (if different than physical address)     City     State     Zip code
                        
  Email address         Telephone number
            

 

 

 

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Securian Financial is the marketing name for Minnesota Life Insurance Company. Insurance products are issued by Minnesota Life Insurance Company.

 

ICC19-70511    Page 1 of 6


  

4.  Annuitant

     

Complete only if the primary annuitant is not the same as owner.  

 

For UTMA/UGMA enter minor’s information here.

   Individual name (first, middle initial, last, suffix)      
           ☐  Male    ☐  Female
   Date of birth      Tax I.D. (SSN)      Relationship to owner         
                                                                                                         US citizen:    ☐  Yes ☐  No
   Physical address (no PO Boxes)              
       
   City          State       Zip code
                          
  Mailing address (if different than physical address)          City       State       Zip code
                                
   Email address                 Telephone number
                    

 

 

 

  

5.  Joint Annuitant (if applicable)

     
Complete only if the joint annuitant is not the same as the joint owner.    Individual name (first, middle initial, last, suffix)      
           ☐  Male    ☐  Female
   Date of birth      Tax I.D. (SSN)      Relationship to owner         
                                                                                                         US citizen:    ☐  Yes ☐  No
   Physical address (no PO Boxes)              
       
   City          State       Zip code
                          
  Mailing address (if different than physical address)          City       State       Zip code
                                
   Email address                 Telephone number
                    

 

 

 

   

6.  Beneficiary(ies) **Unless otherwise indicated, all designated beneficiaries will be considered primary beneficiaries with equal shares.**

Primary beneficiary designations must total 100%.

 

Contingent beneficiary designations must total 100%.

 

For TRUSTS: Only provide the title of the trust. Do not include the name of the trustee.

 

 

 

 

  Name    
          ☐ Male   ☐  Female   ☐ Entity
  Date of birth or date of trust      Tax I.D. (SSN or TIN)          
          
  Relationship to owner      Type of beneficiary       Percentage
         ☐  Primary   ☐  Contingent       %
  Address      City       State     Zip code
                        
  Email address            Telephone number
         

 

 

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ICC19-70511    Page 2 of 6


  Name                
           ☐ Male     ☐ Female     ☐ Entity
  Date of birth or date of trust                                                                          Tax I.D. (SSN or TIN)    
            
  Relationship to owner       

Type of beneficiary

 

   

Percentage

 

            ☐ Primary   ☐ Contingent            %
                       Address     City         State     Zip code
                        
  Email address         Telephone number
                

 

  Name                
           ☐ Male     ☐ Female     ☐ Entity
  Date of birth or date of trust                                                                          Tax I.D. (SSN or TIN)    
            
  Relationship to owner       

Type of beneficiary

 

    Percentage
            ☐ Primary   ☐ Contingent            %
                       Address     City         State     Zip code
                        
  Email address         Telephone number
                

 

  Name                
           ☐ Male     ☐ Female     ☐ Entity
  Date of birth or date of trust                                                                          Tax I.D. (SSN or TIN)    
            
  Relationship to owner        Type of beneficiary     Percentage
          

 ☐ Primary   ☐ Contingent      

 

    %
                       Address     City         State     Zip code
                        
  Email address         Telephone number
                

 

 

 

  7.

Special Instructions

 

 

 

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ICC19-70511    Page 3 of 6


 

Issue age max:

ROPP     75

PPDB     70

 

Note: If Premier

Protector is elected,

purchase payments

may not be

allocated or

transferred to the

indexed account.

 

Premier Protector is

not available in the

states of IL, MA,

MO, VA, WA.

 

 

8.  Optional Riders (additional charges apply - see Prospectus)

 

    ☐ Enhanced Liquidity Option

 

If you wish to elect an optional death benefit rider, you may choose only one of the options below:

 

    ☐ Return of Purchase Payments Death Benefit

    ☐ Premier Protector Death Benefit*

 

    *  To elect the Premier Protector Death Benefit, both Owner(s) and Annuitant(s) must be able to answer “No” to both of the following questions:

 

    ☐ Yes  ☐ No  Are you currently residing in a nursing home or skilled nursing facility?

    ☐ Yes  ☐ No  Are you currently unable to perform, without assistance, one or more of the activities of daily living (bathing, continence, dressing, toileting, eating, and transferring)?

 

   

9.  Statement Regarding Existing Policies or Annuity Contracts

If yes, a State Replacement form must be signed and dated with the same date as the application in most states.  

 

Do you have any existing life insurance or annuity contracts?

Will the contract applied for replace or change an existing life insurance or annuity contract? If yes, complete the section below.

  

 

☐  Yes    ☐  No

☐  Yes    ☐  No

    Company Name   

Life/

        Annuity        

  

        Policy/Contract        

Number

  

Year

            Issued             

                  
                  
                  
                    

 

Minimum purchase payment is $25,000.  

10.  Purchase Payment Method

 

Approximate amount $                                                 Purchase Payment submitted via:

 

 

Make checks payable to Minnesota Life.

 

☐ Check with Application

☐ Client initiated Rollover

☐ Direct Transfer/Rollover

☐ 1035 Exchange

☐ Non-Qualified Transfer

 

  
   

 

11.  Notice to Applicant

 

 

Any person who knowingly presents a false statement in an application for insurance may be guilty of a criminal offense and subject to penalties under state law.

 

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ICC19-70511    Page 4 of 6


   
   

12.  Electronic Prospectus Authorization

 

☐  Yes    ☐  No     If “Yes” is selected, please provide the owner’s email address on page one.

 

I would like to receive electronic copies of the variable annuity and/or variable life insurance prospectus(es), privacy policies, underlying fund company prospectus(es) and supplements, underlying fund semiannual and annual reports and supplements rather than paper copies. I understand I will receive a communication directing me to the Minnesota Life internet website address where the documents will be available, be notified when new, updated prospectuses, privacy policies, reports and supplements for contracts become available, and continue to receive my statements in the mail. I understand and acknowledge that I have the ability to access the internet and will need Adobe Acrobat Reader in order to view the documents, am responsible for any subscription fees an internet service provider might charge for internet access, (Minnesota Life does not charge a fee for electronic delivery), may request specific documents in paper form at any time without revoking this consent, and can revoke this consent at any time by calling Minnesota Life’s Service Center at 1-800-362-3141 or writing to the address PO Box 64628, St. Paul, MN 55164-0628. If I need to correct or change my email address, I will contact Minnesota Life at the previously stated telephone number or mailing address. I also understand that Minnesota Life will rely on my signature as consent to receive all of the above mentioned disclosure documents for all Minnesota Life products currently owned and any purchased in the future, until this consent is revoked.

 

 

 

13.  Owner Signatures

 

I understand that Minnesota Life is not acting as a fiduciary or otherwise providing me with investment advice.

 

I acknowledge that I have received and understand the current prospectus. I understand that all payments and values provided by this contract, when based upon the investment experience of a variable annuity account, are variable, may increase or decrease and are not guaranteed as to dollar amount.

 

If I am an active duty member of the United States Armed Forces (including active duty military reserve personnel), I confirm that this application was not solicited and/or signed on a military base or installation, and I have received from the registered representative the Military Personnel Financial Services Disclosure for Annuity Sales (form F72467) disclosure required by Section 10 of the Military Personnel Financial Services Protection Act.

 

I/we represent that the statements and answers in this application are full, complete, and true to the best of my/our knowledge and belief. I/we agree that they are to be considered the basis of any contract issued to me/us. I/we have read and agree with the applicable statements. The representative left me/us the original or a copy of the written or printed communications used in this presentation.

 

  Contract owner’s signature     Signed in (state)       Date                     
 

 

X

           
  Joint contract owner’s signature     Signed in (state)     Date
 

 

X

           

 

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ICC19-70511    Page 5 of 6


 

14.  To be Completed by Representative/Agent

  ☐ Yes  ☐ No    Do you have offices in or conduct business in the state of New York?
                   ☐ Yes  ☐ No ☐ N/A    If yes, I certify I comply with the Minnesota Life Sales Activities Requirements for Advisors With Offices in or Conduct Business in New York.

 

  By signing this form, I certify that:
  1.        The applicant’s Statement Regarding Existing Policies or Annuity Contracts has been answered correctly to the best of my knowledge and belief.
  2.    The applicant’s statement as to whether or not an existing life insurance policy or annuity contract is being replaced is true and accurate to the best of my knowledge and belief.
  3.    No written sales materials were used other than those furnished by the Home Office.
  4.    I have provided the Owner with all appropriate disclosures including the Variable Buyer’s Guide as applicable.
  5.    If this application involved funds being allocated to/from an IRA or qualified plan - my recommendation was in compliance with ERISA and DOL regulations, including the appropriate prohibited transaction exemption(s).
  6.    I believe the information provided by this client is true and accurate to the best of my knowledge and belief.
           Compensation Options:

Please only        

select one

option.

 

 

☐ A     ☐ B     ☐ C     ☐ D     ☐ E

 

    Representative/agent name (print)     Representative/agent code    

All representatives/    

agents involved in

this sale must sign

this application.

 

Representative/

agent split must

total 100%

                                            %
    Representative/agent signature        
   

 

X

               
    Representative/agent name (print)     Representative/agent code    
                   %
    Representative/agent signature        
   

 

X

               
    Representative/agent name (print)     Representative/agent code    
                   %
    Representative/agent signature        
   

 

X

               
         
                               

15.  To Be Completed By Broker - Dealer (if applicable)

   
    Broker - dealer name        
                        
    Signature of authorized dealer         Date                     
   

 

X

                
    Principal signature         Date
   

 

X

             
    Special note        
                        

 

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ICC19-70511    Page 6 of 6