Filed Under:Life Insurance, Life Products

Minnesota Life Adds Two Index Options

(AP Photo/M. Spencer Green, File)
(AP Photo/M. Spencer Green, File)

Minnesota Life Insurance Company has added two index options to its Eclipse Indexed Universal Life Insurance products in the hopes providing more options for higher interest crediting to its indexed life clients.

The subsidiary of Securian Financial Group feels that the two new index options are a good fit for individuals who want life insurance protection while being able to amass funds that can be used in retirement or for some other financial goal. The company asserts that the Eclipse Indexed Life products are chiefly life insurance products that contain crediting options for cash accumulation as secondary benefit.

The two new index options are the S&P 500 with three-year time period and 140 percent plan participation, offering a higher cap than the one-year option and an amalgamated option that includes the S&P 500, Russell 2000, EURO STOXX 50 and the Barclays US Aggregate Bond index.

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