Approved for Independent Distribution Group use only Life Insurance Financial Professional Products AT-A-GLANCE Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized 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.
We are SECURIAN You may not have heard of us. Boasting is not our strong suit. But we are one of the nation s largest and strongest financial services providers. Securian provides retirement solutions, investments and insurance through our subsidiaries, including Minnesota Life. Minnesota Life issues our life insurance policies 1 and has been a respected presence in the industry for more than a century. For more information about the rating agencies and to see where our ratings rank relative to others, visit securian.com/ratings. WE ARE A highly rated company headquartered in St. Paul, Minnesota. WE DO What s right. Our strong record of transparency, compliance and ethical conduct sets us apart. WE ARE A trusted long-term partner with a laser-sharp focus on helping people reach their goals now and in the years ahead. Treating policyholders like partners When clients purchase one of our policies, it s not only backed by a company with experience and financial strength it s backed by a company that believes in treating policyholders like partners. We understand the importance of treating our loyal policyholders well, and we demonstrate our commitment to them by offering new agreements and policy features year after year. Permanent life insurance Summary Uses Highlights Products Lifetime protection with cash value growth Permanent financial protection and income replacement Cash value can be used for emergencies or supplemental retirement income Death benefit can be used for individual needs or as a business solution Tax-advantaged cash value accumulation Loan possibilities Options for a flexible death benefit amount that can change with your life Premiums can be fixed to avoid surprises or flexible to accommodate budget variations throughout life Fixed Accumulator UL Secure Accumulator Whole Life 2 Secure Protector Whole Life Fixed Indexed Eclipse Eclipse Protector Omega Builder 2 Variable Accumulator VUL 2 VUL Defender 2 Survivorship Eclipse Survivor Eclipse Survivor Pro Legacy Protector SUL Term life insurance Pays beneficiaries if the insured dies within the term Temporary financial protection and income replacement Death benefit can be used for a variety of reasons, including to pay off a mortgage or debt, or fund college tuition Economical Coverage for a specific time No cash value Can be renewed or converted sometimes with additional underwriting required Advantage Elite Select 2 Product availability and features may vary by state.
Term Product features Product type Test for life insurance Issue ages (Age nearest birthday) Advantage Elite Select 5, 10, 15, 20, 30 year level term life Not applicable Duration Band One Band Two and Three 5 year 16-55 16-80 10 year 16-55 16-80 15 year 16-55 16-70 20 year 16-55 16-65 30 year 16-45 16-50 Issue classes All Express Issue* Required for face amounts under $250,000 24-hour policy issue from receipt of tele-interview Easy to apply and supports in good order with Quick eapp Premium band face amount Band One (Express Issue only): $50,000 - $249,999 (10- and 20-year durations) $100,000 - $249,999 (5-, 15- and 30-year durations) Band Two: $250,000 - $999,999 Band Three: $1,000,000 - $5,000,000 (5- and 10-year durations) $1,000,000+ (15-, 20- and 30-year durations) Policy fee Band One: $50 Band Two: $70 - $95 (sliding fee based on face amount) for 5- and 10-year durations $95 for 15-, 20- and 30-year durations Band Three: $95 Annual policy fees are not commissionable Surrender charges Not applicable Premium modes/factors Modes: annual, semi-annual, quarterly, monthly APP 0.52 semi-annually 0.27 quarterly 0.088 monthly APP Policy loans 3 Not applicable Agreements available 4 (For additional cost and subject to state approval) Market overview Accelerated Death Benefit Agreement, Benefit Distribution Agreement, Children s Term Agreement, Extended Conversion Agreement, Waiver of Premium Agreement Temporary protection Options to convert to permanent coverage Low cost solution Product flexibility Fixed premium payments for the guarantee period of the contract Premium increases annually after initial guarantee period Premium changes when coverage is decreased or converted Policy conversion Convertible during term duration or age 75, whichever is earlier; conversion credits only on 5-year term Conversion period Duration Conversion Period 5 years 10 years 15 years 5 years 20 years 10 years 30 years Conversion period can be extended to the full duration of the policy or to age 75 with the addition of the Extended Conversion Agreement. An additional charge equal to approximately 3 percent of the base premium will apply. TERM LIFE Life insurance coverage for a specified period of time * If declined through Express Issue, a 90-day waiting period will be enforced before a new application can be submitted. 3
Fixed Product features Accumulator UL Secure Protector Secure Accumulator Whole Life Whole Life 2 Product type Fixed universal life Participating whole life Test for life insurance GPT or CVAT CVAT Issue ages (Age nearest birthday) 0-90 Express Issue underwriting classes* Full underwriting issue classes Issue ages and face amounts for Express Issue Issue ages and face amounts for Full Underwriting All All $100,000 Ages 0-15: $10,000 - $249,999 (Preferred) Ages 16-55: $25,000 - $249,999 (Standard) Standard Tobacco, Standard Non-tobacco, Preferred Non-Tobacco (Juvenile only) Preferred Select Non-Tobacco, Preferred Non-Tobacco, Preferred Tobacco, Non-Tobacco Plus, Standard Non-Tobacco, Standard Tobacco, Special Risk Non-Tobacco and Special Risk Tobacco $100,000 Ages 0-55: $250,000 Ages 56-69: $50,000 5 Ages 70+: $100,000 Surrender charges 10 years Not applicable Ages 0-15: $10,000 - $99,999 (Preferred) Ages 16-55: $25,000 - $99,999 (Standard) FIXED Permanent life insurance coverage with fixed interest rates Policy conversion Not applicable Not applicable Premium modes/factors Modes: annual, semi-annual, quarterly, monthly APP Policy loans 3 Agreements available 4 (For additional cost and subject to state approval) None; divide annual premium by 12, 4, or 2; minimum payment is $50 Fixed loan rate is 4% in arrears, 3% credited; 3.90% credited in years 11+ Accelerated Benefit Agreement, Accidental Death Benefit Agreement, Business Continuation Agreement, Business Value Enhancement Agreement, Children s Term Agreement, Early Values Agreement, Guaranteed Insurability Option Agreement, Guaranteed Insurability Option for Business, Inflation Agreement, Long Term Care Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement, Surrender Value Enhancement Agreement, Term Insurance Agreement, Waiver of Charges Agreement, Waiver of Premium Agreement 0.52 semi-annually 0.27 quarterly 0.088 monthly APP Fixed loan rate is 5% in arrears Accelerated Death Benefit Agreement, Children s Term Agreement, Guaranteed Insurability Option Agreement, Premium Deposit Account Agreement, Single Premium Paid-up Additional Insurance Agreement, Waiver of Premium Agreement 4 * If declined through Express Issue, a 90-day waiting period will be enforced before a new application can be submitted.
Fixed (continued) Product features Accumulator UL Secure Protector Whole Life Additional agreements Not applicable Additional Insurance available 4 Agreement, Accidental Death Benefit Agreement Secure Accumulator Whole Life 2 Flexible Term Agreement Market overview Fixed universal life Accumulation focus Fixed interest crediting Low risk for loss Competitive short-pay Guaranteed affordable protection with cash value accumulation Strong accumulation potential to be used with multiple strategies: wealth accumulation, estate planning, and business planning Product flexibility Premiums can be stopped Level, scheduled premiums Choice of multiple dividend options Customizable premium payment period Other points to consider Back-end loaded accumulation product $25,000 minimum face amount available on Non-Preferred and juveniles (0-15) Ability to purchase single premium paid-up additions 5
6 Indexed Product features Product type Test for life insurance Issue ages (Age nearest birthday) Omega Builder Indexed Life 2 Eclipse Indexed Life Eclipse Protector Indexed Life Indexed universal life GPT or CVAT 0-80 0-85 Issue classes All except Non-Tobacco Plus All (Preferred Select & Preferred not available over age 75) Minimum face amount $100,000 Surrender charges 10 years 15 years Policy conversion Not applicable Premium modes/factors Modes: annual, semi-annual, quarterly, monthly APP Policy loans 3 Agreements available 4 (For additional cost and subject to state approval) Additional agreements available 4 None; divide annual premium by 12, 4, or 2; minimum payment is $50 or $25 monthly APP Fixed, indexed (only available via policy agreement) or variable; Only one loan interest rate type per policy; Fixed loan rate is 4% in arrears; 3% interest credited; 3.90% credited in years 11+; Indexed loan rate is 5% in arrears; interest credited 0% up to interest rate cap of the tracked index; Variable loan rate charged will vary based on Moody s Corporate Bond Yield Average; The rate charged on variable loans is capped at 1% above the fixed crediting rate; May switch between loan types once per year Fixed or variable; Only one loan interest rate type per policy; Fixed loan rate is 4% in arrears; 3% interest credited; 3.90% credited in years 11+; Variable loan rate charged will vary based on Moody s Corporate Bond Yield Average; May switch between loan types once per year Accelerated Benefit Agreement, Business Continuation Agreement, Guaranteed Insurability Option Agreement, Guaranteed Insurability Option for Business, Inflation Agreement, Long Term Care Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement, Term Insurance Agreement, Waiver of Charges Agreement, Waiver of Premium Agreement Corporate Enhanced Values Agreement, Early Values Agreement, Guaranteed Income Agreement, Indexed Loan Agreement, Surrender Value Enhancement Agreement Market overview Indexed universal life Accumulation focus with Income Protection Agreement feature to help lower cost of insurance charges Product flexibility 6 Other points to consider Index-based and fixed account interest crediting options Lower risk for loss Flexible/Single premium options Advanced strategy concepts Corporate Enhanced Values Agreement, Early Values Agreement, Guaranteed Income Agreement, Indexed Loan Agreement, Interest Accumulation Agreement, Surrender Value Enhancement Agreement Indexed universal life Accumulation focus Index-based and fixed account interest crediting options Lower risk for loss Flexible/Single premium options Advanced strategy concepts Accidental Death Benefit Agreement, Children s Term Agreement, Performance Death Benefit Guarantee Agreement Indexed universal life Death benefit focus Index-based and fixed account interest crediting options Lower risk for loss Flexible/Single premium options Flexible lifetime protection with our Performance Death Benefit Guarantee Premiums can be skipped Lifetime interest rate crediting guarantee of 2% at death or surrender Fixed or index based crediting options One cannot invest directly in an index INDEXED Permanent life insurance coverage with fixed interest rates and indexed crediting options
Variable Variable products are not available for sale in New York. Product features Accumulator VUL VUL Defender Product type Variable universal life Test for life insurance GPT or CVAT Issue ages (Age nearest birthday) 0-85 0-75 Issue classes Minimum face amount $100,000 Surrender charges 10 years 15 years Premium modes/factors Modes: annual, semi-annual, quarterly, monthly APP All Annual, semi-annual, quarterly or monthly VARIABLE Permanent life insurance coverage with variable subaccount options Policy loans 3 Fixed loan rate is 4% in arrears, 3% credited; Preferred crediting rate of 3.90% in policy years 11+ Agreements available 4 (For additional cost and subject to state approval) Additional agreements available 4 Market overview Fixed or variable; only one loan interest rate type available at one time. May switch between loans once per year; Fixed loan rates: 5.0% interest charged in arrears; 4.0% interest credited in years 1-10; 4.9% interest credited in years 11+; Variable loan rates: Will vary with an outside index the current Moody s Corporate Bond Yield Average. Variable loan interest credited the same as the accumulation value of the policy. Only available on money within indexed options. Accelerated Death Benefit Agreement, Business Continuation Agreement, Guaranteed Insurability Option Agreement, Guaranteed Insurability Option for Business Agreement, Inflation Agreement, Long Term Care Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement, Waiver of Charges Agreement, Waiver of Premium Agreement Corporate Enhanced Values Agreement, Early Values Agreement, Family Term Children Agreement, Interest Accumulation Agreement, Term Insurance Agreement Variable universal life Accumulation focus Subaccounts include five ETFs 7 and low expenses focus Flexible/Single premium options Accidental Death Benefit Agreement, Business Continuation Agreement, Children s Term Agreement, Death Benefit Guarantee Flex Agreement, Level Term Insurance Agreement Variable universal life - Death benefit focus 20 variable subaccounts, including five Managed Volatility Portfolios Index-based and fixed account interest crediting options Product flexibility Premiums can be skipped Flexible premium Fixed, indexed and variable investment options Death benefit options Level and Increasing Other points to consider Back-end loaded accumulation product Allocate solely to Managed Volatility Portfolios for lowest possible premium Level Term Agreement provides additional flexibility 7
Survivorship Product features Product type Test for life insurance Issue ages (Age nearest birthday) Issue classes Legacy Protector SUL Joint-life, flexible premium universal life Preferred Select & Preferred (up to age 75 only), Non-Tobacco Plus, Standard Non-Tobacco, Standard Tobacco, Special Risk Non-Tobacco, Special Risk Tobacco Eclipse Survivor Pro Indexed Life Second-to-die, indexed, universal life policy with interest crediting tied to the performance of a market index GPT or CVAT Eclipse Survivor Indexed Life Indexed universal life 20-85 for both insureds 20-90 for both insureds Preferred Select & Preferred (up to age 75 only on Eclipse Survivor Pro), Non-Tobacco Plus, Standard Non-Tobacco, Standard Tobacco, Special Risk Non-Tobacco, Special Risk Tobacco All SURVIVORSHIP Permanent secondto-die life insurance coverage with fixed interest rates Minimum face amount $200,000 Surrender charges 15 years 15 years 10 years Policy conversion Not applicable Not applicable Premium modes/ Factors Modes: annual, semi-annual, quarterly, monthly APP Policy loans 3 None; divide annual premium by 12, 4, or 2; minimum payment is $50 or $25 monthly APP Fixed loan rate is 6% in arrears, 5% credited; Preferred crediting rate of 5.90% in policy years 11+ None; divide annual premium by 12, 4, or 2; minimum payment is $50 or $25 monthly APP Fixed or variable; Only one loan interest rate type per policy; Fixed loan rate is 4% in arrears; 3% interest credited; 3.90% credited in years 11+; Variable loan rate charged will vary based on Moody s Corporate Bond Yield Average; May switch between loan types once per year Fixed, indexed (only available via policy agreement) or variable; Only one loan interest rate type per policy; Fixed loan rate is 4% in arrears; 3% interest credited; 3.90% credited in years 11+; Indexed loan rate is 5% in arrears; interest credited 0% up to interest rate cap of the tracked index; Variable loan rate charged will vary based on Moody s Corporate Bond Yield Average; The rate charged on variable loans is capped at 1% above the fixed crediting rate; May switch between loan types once per year 8
Survivorship (continued) Product features Agreements available 4 (For additional cost and subject to state approval) Market overview Product flexibility 6 Other points to consider Legacy Protector SUL Death Benefit Guarantee Agreement, Estate Preservation Agreement, Premium Deposit Account Agreement Second-to-die universal life policy Estate planning ILITs Special Needs Trusts Qualified IRA maximization Can be used when one insured is uninsurable and desire for a secondto-die death benefit exists Eclipse Survivor Pro Indexed Life Early Values Agreement, Estate Preservation Agreement, Estate Preservation Choice Agreement, Firstto-Die Agreement, Interest Accumulation Agreement, Overloan Protection Agreement, Performance Death Benefit Guarantee Agreement, Policy Split Agreement, Premium Deposit Account Agreement, Single Life Term Agreement, Term Insurance Agreement Second-to-die indexed universal life policy Protection focus Estate Planning Wait-and-see ILITs SLAT Performance Death Benefit Guarantee Agreement (PDBGA) Premiums can be skipped Eclipse Survivor Indexed Life Early Values Agreement, Estate Preservation Agreement, Estate Preservation Choice Agreement, First-to-Die Agreement, Indexed Loan Agreement, Interest Accumulation Agreement, Overloan Protection Agreement, Policy Split Agreement, Premium Deposit Account Agreement, Single Life Term Agreement, Surrender Value Enhancement Agreement, Term Insurance Agreement Second-to-die indexed universal life policy Accumulation focus Estate Planning Wait-and-see ILITs Lifetime interest rate crediting guarantee of 2% at death or surrender Fixed or index-based interest crediting options One cannot invest directly in an index 9
Glossary of life agreements currently issued 10 Accelerated Benefit Agreement Provides for the early payment of a portion of the death benefit if the insured has a terminal condition. The accelerated benefit is paid as a lien, and lien interest is charged. At the death of the insured, the entire amount of the lien and interest will reduce the death benefit. Any remaining death benefit proceeds will be paid to the beneficiary of the policy. Accidental Death Benefit Agreement Provides for the payment of an additional death benefit if the base insured dies as a result of an accident while the agreement is active. Additional Insurance Agreement Secure Whole Life Provides additional insurance on the life of the insured through a combination of one-year term insurance and paid-up additional insurance. The paid-up additions and one-year term insurance will be combined to try to match an AIA Target Insurance Amount selected by the policyholder. Benefit Distribution Agreement Provides beneficiaries a guaranteed income stream, where clients designate all or a portion of the total benefit amount to be paid to beneficiaries as installment payments. Business Continuation Agreement Upon the death of a designated life, your business clients can increase their death benefit without evidence of insurability. Business Value Enhancement Agreement The Business Value Enhancement Agreement (BVEA) enables a business to maximize the cash surrender value portion of a life insurance policy in the early years of the contract. To do this, it uses a spread of the policy charges and a reduced surrender charge. The policy must be owned by the business and provides it an opportunity to make a single premium payment into a life insurance policy, potentially showing a positive value on the business balance sheet and income statement. Childrens Term Agreement Provides for a death benefit on the lives of the children of the base insured. Corporate Enhanced Values Agreement Supports business owners executive benefit arrangements. CEVA waives surrender charges and may increase the cash surrender value portion of a policy in the early years of the contract with a non-guaranteed Enhancement Benefit. This agreement may decrease or eliminate the gap between the value of the policy and its liability on the business s balance sheet. Death Benefit Guarantee Agreement Provides that the policy will remain in force even if there is no accumulation value to cover monthly charges as long as the DBGA value less any outstanding loan is greater than zero. Death Benefit Guarantee Flex Agreement Provides that the policy will remain in force even if there is no accumulation value to cover monthly charges, as long as the DBGA value is greater than zero and the policy does not have a loan. Early Values Agreement Enables the policy owner to eliminate the surrender charges associated with their policy. Enhanced Guarantee Agreement and Enhanced Guarantee Choice Agreement Provides a stronger guaranteed plan of insurance than normally available on the policy. Estate Preservation Agreement Legacy Protector and Eclipse Survivor Provides for four years of second-to-die insurance coverage. It is active for the first four years of the contract. It is designed to help offset potential estate tax consequences (IRC section 2065) should the second death occur within three years of the policy being transferred to a trust. The EPA benefit is payable even if the policy was never transferred to a trust. Estate Preservation Choice Agreement Eclipse Survivor Provides the right to purchase four-year level term insurance on the life of the Other Insured, without evidence of insurability at the death of the Designated Insured. Allows for the policy to be personally owned rather than trust owned, so that the accumulation value is available for personal use prior to the policyowner s death. Exchange of Insured Agreement Provides for the exchange of one insured for another under the same policy. The policy must be corporateowned by the same corporation before and after the exchange. Extended Maturity Agreement Provides for the continuation of the policy beyond the maturity age, thus protecting the tax benefits of life insurance. First to Die Agreement Provides a specified amount of additional term insurance payable at the first death of either of the two insureds for the policy. Guaranteed Income Agreement 7 Guarantees lifetime income stream for the rest of the insured s life regardless of the policy performance after the GIA has been exercised. Guaranteed Insurability Option Agreement Guarantees the option to purchase an additional policy on the base insured s life, at the insured s attained age and the underwriting class of the policy at the time of the exercise without providing evidence of insurability. Guarantees future increases in protection on a maximum of seven option dates. Coverage increases result in a new Secure Whole Life policy with half the normal policy fee.
Guaranteed Insurability Option for Business Allows business clients to increase coverage up to five times in the future between the ages of 22 and 52 without evidence of insurability. Guaranteed Insurability Option Agreement with Waiver The difference between GIO and GIOW, is that with GIO, if at the time of an option, premiums are being waived due to disability, the new policy cannot have Waiver, nor will the premium on the new policy be waived. With GIOW, if the premiums are being waived due to disability, the waiver of premium agreement will be included on the new policy, and the premiums on the new policy will also be waived. Indexed Loan Agreement Allows policyholders to take a loan against policy values that is charged a fixed rate and credited at a rate determined by the Indexed Loan Account. The credited rate may be higher or lower than the rate charged. This agreement may be added to in-force accumulationfocused IUL policies for no charge. Inflation Agreement (IA) Single Life UL Products Increases the face amount every three years based on increases in the Consumer Price Index (CPI). Interest Accumulation Agreement Provides the ability to increase the death benefit of the policy (by a requested percentage) at each anniversary, to offset the cost associated with financing the premium payments. Long Term Care Agreement An optional agreement on a life insurance contract that is intended to help cover long-term care expenses. The agreement accelerates all or part of the policy s base face amount via a monthly benefit while the insured is deemed chronically ill. Overloan Protection Agreement Provides that your policy will not terminate because of a policy loan, even if the accumulation value is insufficient to cover policy charges. Performance Death Benefit Guarantee Agreement (PDBGA) This agreement provides that the policy will remain in force even if there is no Accumulation Value to cover monthly charges, as long as the Performance Death Benefit Guarantee Agreement (PDBGA) Value, less any outstanding loans, is greater than zero and there is no unpaid policy loan interest. On each policy anniversary, a performance credit calculation will be done and if the performance credit amount is greater than zero, the credit will be added to the PDBGA Value. Policy Split Agreement Provides for a split of the policy into two individual universal life policies if a trigger event occurs. Premium Deposit Account Agreement Allows for the payment of premiums for the life insurance policy on an annual basis, using amounts withdrawn from the premium deposit account. Single Life Term (SLT) Agreement Eclipse Survivor Provides one-year term insurance on one of the specified insureds. SLT can be purchased on one or both of the insureds, so there can be two SLT coverages on a policy. Single Premium Paid-Up Additional Insurance Agreement Provides an option to purchase paid-up additional life insurance on the life of the base insured. Surrender Value Enhancement Agreement Provides that the surrender value of the policy at full surrender will be no less than 100 percent of the cumulative premium payments. Term Insurance Agreement Provides level term insurance for the base insured. If the amount of insurance of the policy is increased to ensure that the policy remains qualified as life insurance under Section 7702 of the code, the term insurance amount will automatically decrease by the amount of the increased insurance on the policy. Likewise, if the amount of insurance of the policy is decreased to ensure that the policy remains qualified as life insurance under Section 7702 of the code, the term insurance amount will automatically increase by the amount of the decreased insurance on the policy. Waiver of Charges Agreement Provides for the payment of all monthly charges by Minnesota Life or Securian Life during the total and permanent disability of the base insured prior to age 60. Waiver of Premium Agreement UL Provides for the payment of premiums by Minnesota Life or Securian Life during the total and permanent disability of the base insured prior to age 60. Waiver of Premium Disability (Term Products) Provides for the payment of premiums by Minnesota Life or Securian Life during the total and permanent disability of a client prior to age 60. Waiver of Premium Disability (Whole Life Products) Provides for the payment of premiums by Minnesota Life or Securian Life during the total and permanent disability of a client prior to age 60. (By company practice, on Secure Whole Life, the agreement terminates at the anniversary nearest the insured s age 65.) Additional agreements may be available. Agreements may be subject to additional costs and restrictions. Agreements may not be available in all states, may exist under a different name in various states and may not be available in combination with other agreements. 11
1 In all states except New York. In New York, policies are issued by Securian Life Insurance Company, a New York authorized 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. 2 Not available in the state of New York. 3 Loans and withdrawals will reduce both the policy cash value and death benefit. 4 Additional agreements may be available. Agreements may be subject to additional costs and restrictions. Agreements may not be available in all states or may exist under a different name in various states. Investment limitations apply for variable contracts using the Death Benefit Guarantee and/or Enhanced Guarantee Choice Agreement. 5 Face amounts under $100,000 are only eligible for Standard class even though full underwriting is required for issue. 6 Depending upon actual policy experience, the owner may need to increase premium payments to keep the policy in force. 7 ETFs entail the same risks as direct stock ownership and ETFs structured as fund of funds will entail the same risks associated with the underlying funds. 8 Policyholders who add the Guaranteed Income Agreement (GIA) should take into consideration that the policy accumulation value on the exercise-effective date may not be sufficient to continue providing the minimum benefit payment until the insured s age 121. If this occurs, it will not be possible to exercise the GIA. We believe the Policy will continue to qualify as life insurance under the Internal Revenue Service Code ( the Code ) after the GIA exercise-effective date, and that distributions and loans made under the terms of the GIA will generally not be taxed to the policyholder. However, the IRS or the courts could reach a different result. Policyholders who have added the GIA should consult a tax advisor regarding the tax treatment of distributions and loans under the GIA. Since the Policy s death benefit will be reduced to the minimum amount allowable under the Code after the exercise-effective date, policyholders should consider the impact on their individual circumstances and their need for death benefit before exercising the GIA. There is no charge for the GIA when the Policy is purchased; however, we will assess a one-time charge against the Policy accumulation value on the exercise-effective date. Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods. Variable life insurance products contain additional fees, such as management fees and fund expenses. The variable investment options are subject to market risk, including loss of principal. Policyholders could lose money in this product. This information is a general discussion of the relevant federal tax laws provided to promote ideas that may benefit a taxpayer. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. Taxpayers should seek the advice of their own advisors regarding any tax and legal issues specific to their situation. Guarantees are based on the claims-paying ability of the issuing insurance company. Please keep in mind that the performance of the underlying index may exceed the offered fixed indexed growth caps. Interest crediting within these 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. Securian Financial Group, Inc. www.securian.com Variable products distributed by Securian Financial Services, Inc., Member FINRA/SIPC. 400 Robert Street North, St. Paul, MN 55101-2098 1-800-820-4205 2013 Securian Financial Group, Inc. All rights reserved. F76683 Rev 8-2015 DOFU 5-2015 11961 For financial professional use only. Not for use with the public. This material may not be reproduced in any form where it would be accessible to the general public.