ST. PAUL, Minn.--(EON: Enhanced Online News)--Minnesota Life Insurance Company, known for its award winning product innovation,1 introduces a new benefit for its indexed universal life products that keeps it at the forefront of the market.
“We strive to give existing policyholders the enhancements from our newer products that we offer new clients when possible”
Minnesota Life, a subsidiary of Securian Financial Group, introduced its latest improved offering for new and existing policies. The Index Crediting Bonus, when applied, provides a one percent annual bonus based on index credits received over a 120-month rolling period. Minnesota Life may apply the credit to the accumulation value which compounds each year and could help raise index credits and distribution amounts.
Because the Minnesota Life Index Crediting Bonus is available with previously-purchased policies, existing policyholders will be among the first to receive it.2
“Our policyholders’ loyalty helped us become the financially strong and stable company we are today,” said Bob Ehren, senior vice president, Life Product Manufacturing, Securian Financial Group. Citing the company’s tradition of mutual governance and private ownership, he added, “To us, they're more than policyholders. They're our partners.”
Existing Eclipse Protector policies with the Death Benefit Guarantee Agreement were also enhanced with the Performance Death Benefit Guarantee Agreement at no additional charge. Additional enhancements that benefit certain existing policyholders include more index options, dollar cost averaging, the opportunity to switch between fixed and variable loans and systematic distributions.
“We strive to give existing policyholders the enhancements from our newer products that we offer new clients when possible,” said Ehren. “Our policyholder treatment results in strong client loyalty.”
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses with insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company and Securian Life Insurance Company, a New York admitted insurer.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York, where products are issued by Securian Life Insurance Company, a New York admitted insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
The Indexed Universal Life Series is designed to provide life insurance protection. While the interest crediting options available with the product are attractive for cash accumulation, your fundamental objective in buying this product should be the peace of mind that the life insurance protection provides you and your family or business. Interest crediting within these indexed accounts will vary based on the movement of the investments within the underlying index. Should the index have 0% growth or decline, investors bear the risk that no Index credit will be given to the account. Please keep in mind that one cannot invest directly in an index.
Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions such as surrender charges. One can lose money in this product.
Policy loans and withdrawal may create an adverse tax result in the event of a lapse or policy surrender and will reduce both the cash value and death benefit.
Guarantees are based on the claims-paying ability of the issuing insurance company.
1 Best Review’s 2012 Innovator’s showcase.
2 Index crediting bonus is not guaranteed and is distributed at the discretion of Minnesota Life and Securian Life.
DOFU – 09-2013