Your family is your top priority
Life insurance ensures your family is financially protected should you die. It can help them maintain their quality of life and help achieve their financial goals. Depending on whether you purchase term or permanent insurance, life insurance can also have many other financial benefits.
Term life insurance is an affordable choice that provides temporary coverage for a specific number of years. Premiums are the same throughout the term and pay for insurance only. The value of the policy is the death benefit. You may have the option to convert to permanent coverage at certain intervals in the term.
Permanent life insurance
Permanent life insurance provides lifetime insurance coverage and potential cash value growth. This tax-advantaged cash value can be used for emergencies or as supplemental retirement income. Its death benefit can be used for individual needs or as a business solution. The premiums you pay may be the same throughout your lifetime – or they can adjust based on budget changes.
There are many different types of permanent life insurance. Securian offers the following choices:
Whole life insurance
Whole life insurance provides a lifetime of coverage in its purest form. It offers guaranteed premiums, cash value and a death benefit.
Universal life insurance
Universal life insurance offers flexible premium payments. This allows you to adjust your premium payments as needed.1
Indexed life insurance has interest crediting potential tied to changes in an index account or accounts. The crediting potential has a cap and floor, or maximum and minimum.2
Variable life insurance
Variable life insurance offers the potential to accumulate non-guaranteed cash value based on the performance of investment choices called subaccounts. These separate accounts include stocks, bonds, international accounts and guaranteed accounts.
Survivorship life insurance provides coverage for two people, with benefits paid when the second insured dies.
1Depending upon actual policy experience, the owner may need to increase premium payments to keep the policy in force.
2Crediting caps will vary.
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 these products. Guarantees are based on the financial strength and claims-paying ability of the issuing life insurance company.
This must be preceded or accompanied by a current prospectus. You should consider the investment objectives, risks, charges and expense of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. Please read the prospectuses carefully before investing.