Administrative ALERT
Minnesota Life and Securian Life Announcement: Changes to Indexed Universal Life Growth Caps
In our pursuit of making decisions in the best long-term interest of our policyholders, and in demonstrating prudent and disciplined product management supporting our high financial ratings1, Minnesota Life and Securian Life, a New York authorized insurer, are changing the growth caps on our indexed universal life product series. These changes consist of both increases and decreases, while some will remain unchanged.

All active policies with premiums received and accumulation value allocated to the indexed accounts on or before the close of business on June 20, 2014 will be included in the June indexed account segments. All monies received after June 20, 2014 will be included in the July and later indexed account segments and receive the following growth caps:

Eclipse Indexed UL & Eclipse Survivor Indexed UL

Index AccountNew Growth CapMaximum Credited RateHistorical Lookback Rate
S&P 500 - 100% Participation 
(Index Account A)		13.0% 
(no change)		13.0%8.11%
S&P 500 - 140% Participation 
(Index Account B)		7.5% (decreased)10.5%7.01%
S&P 500: 3 year Point-to-Point - 140% Participation (Index Account D)232.0%
(no change)		44.8%9.01%
Blended Index (Index Account E)17.0% (increased)17.0%9.28%
Euro STOXX 50 (Index Account F)14.0% (decreased)14.0%8.56%
Eclipse Protector Indexed UL & Eclipse Survivor Pro Indexed UL
Index AccountNew Growth CapMaximum Credited RateHistorical Lookback Rate
S&P 500 - 100% Participation
(Index Account A)		10.0% 
(no change)		10.0%6.49%
S&P 500 - 140% Participation 
(Index Account B)		6.0% (decreased)8.4%5.77%
S&P 500: 3 year Point-to-Point - 140% Participation (Index Account D)227.0%
(no change)		37.8%7.93%
Blended Index (Index Account E)14.0% (increased)14.0%8.44%
Euro STOXX 50 (Index Account F)11.0% (decreased)11.0%7.02%
For additional information on Minnesota Life and Securian Life's indexed product series, please contact our Life Sales Support team.

1-877-696-6654 (Securian and Broker-Dealer partners) 
1-888-413-7860, Option 1 (Independent Brokerage)

 
Accelerated Underwriting
Get in the Fast Lane
 
Here are the quick facts:
  • Face amounts up to $1,000,000
  • Max issue age of 60 years old
  • 10, 15, 20 and 30 year term as well as most UL products
  • No required fluids
  • No required APS and labs for preferred and preferred best
 



CREDIT: REUTERS/ISSEI KATO/FILES
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