About Minnesota Life Insurance Company
Minnesota Life Insurance Company is a long-established U.S. life insurer that provides term life, permanent life, and group life insurance products, as well as related protection and financial security solutions. It operates under the Securian Financial brand and often serves employees through employer-sponsored group policies, as well as individuals who purchase coverage directly or through financial professionals.
A charge or electronic payment labeled “PAYMENT MINNESOTA LIFE PPD” on a bank statement typically represents a recurring premium payment for a life insurance policy or related coverage. The “PPD” code indicates a prearranged payment and deposit (ACH) transfer, often set up as an automatic monthly deduction from a checking or savings account. The reference to a person’s name (such as “THOMAS E WALSH”) usually indicates the policyholder or the insured associated with that particular policy and payment authorization.
To verify or resolve questions about this charge, policyholders should review their most recent Minnesota Life/Securian policy documents, billing notices, or online account, where premium amounts and due dates are listed. If the charge is not recognized, contacting Securian Financial’s customer service using the phone number on the policy paperwork, billing statement, or the official website is recommended. Customers can request payment history, confirm policy status, update or cancel automatic bank drafts, and dispute any erroneous charges directly with the insurer and, if needed, with their bank or credit union.