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Eclipse Survivor II

Indexed Universal Life (IUL)

Help your clients create a legacy they can depend on

Eclipse Survivor II IUL is a second-to-die policy that offers couples death benefit protection and the potential for strong cash value accumulation with competitive index crediting options. The policy’s flexible design allows for either accumulation or protection-focus depending on your clients’ needs. It also provides unique estate planning solutions to help maintain and pass on their legacy.

Why choose Eclipse Survivor II?

Cost savings

Clients can maximize their premium dollars to save money by purchasing one policy vs. two individual policies.

No Lapse Guarantee

Add a lifetime of guaranteed coverage at an affordable price – no matter the policy performance.

Contactless WriteFit Underwriting™

Provide an easy client experience with faster underwriting decisions and no need for medical exams or blood tests.

Customizable for maximum flexibility

Capped and uncapped indexed account options along with optional agreements let you customize the policy.

Cost savings

Maximize your clients’ premium dollars

By insuring two lives with one policy, Eclipse Survivor II IUL can help maximize your clients’ premium dollars. Proceeds are payable after the death of the second insured. And in many cases, they can even get a policy if one of them is uninsurable.

See how clients can spend retirement dollars and leave a legacy

No Lapse Guarantee

A lifetime of guaranteed coverage at an affordable price

To design a protection-focused policy, adding the optional No Lapse Guarantee Agreement (NLGA) on Eclipse Survivor II IUL provides peace of mind that no matter how the policy performs, the contract will not lapse – as long as clients pay their premiums. The larger the premium, the longer the death benefit guarantee. The guarantee length can be any duration up to age 120.

Like all of our products, this guarantee is backed by the strength and financial soundness of a highly rated company.

Learn more about our ratings

Contactless WriteFit Underwriting™

Fast underwriting for an improved client experience

Our WriteFit Underwriting program uses tools and techniques that predict relative mortality based on a number of behaviors. With WriteFit, there is no need for medical exams or blood tests. Instead, clients participate in a phone interview. The policy is issued within 24 hours of completion of the interview for clients who qualify.

Learn more about WriteFit UnderwritingTM

Customizable for maximum flexibility

Protect and diversify assets

Clients can choose from a fixed account or several indexed account options that give them growth potential with protection from negative market performance since the interest credited can never be less than zero. Crediting within the indexed accounts is based on the performance of different investment indices.

Indexed accounts Crediting method Ideal client

S&P 500®
(Indexed Account A)

Credits based on the performance of the 500 largest publicly traded U.S. companies Desires index crediting that references the S&P 500®

(Indexed Account F)

Based on the performance of the 50 largest publicly traded European companies Desires index crediting that references the Euro STOXX 50® Index
S&P 500® Low Volatility
(Indexed Account G)

Credits based on changes in value for the 100 least volatile stocks in the S&P 500® Index

Desires uncapped upside potential and is looking to take advantage of swings in the underlying index

Eclipse Survivor II IUL product details

Policy type

Second-to-die indexed universal life

Issue ages

20–85 based on age at nearest birthday

Minimum face

$200,000 for all ages

Death benefit options

Level or increasing

Indexed account options

  • S&P 500®I with 100% participation
  • S&P 500® Low Volatility, uncapped
  • EURO STOXX 50® with 100% participation

Issue classes

Preferred Select Non-Tobacco (up to age 75), Preferred Non-Tobacco (up to age 75), Non-Tobacco Plus, Standard Non-Tobacco, Preferred Tobacco, Standard Tobacco, Special Risk

Surrender charge

Applies to the first 10 years after issue or face amount increase

Minimum guaranteed interest rate

Contract minimum interest rate is 2% cumulative average upon death or termination of contract (less surrender charges and withdrawals)


Fixed interest rate loans:

  • Charge rate: 4%
  • Crediting rate: 3% in years 1–10, 4% in years 11+

Variable interest rate loans (only available on money within fixed indexed account options):

  • Charge rate: Varies based on Moody’s Corporate Bond Yield Average (3% minimum)
  • Crediting rate: Directly tied to performance of clients’ fixed indexed account allocations
  • Available after year 1; net variable loan cost could be positive or negative

Indexed Loans

  • Loan charge rate: 5%
  • Loan crediting rate: Directly tied to performance of the indexed loan account
  • Available after year 1; net indexed loan cost could be positive or negative


See available agreements

  • Early Values Agreement1
  • Estate Preservation Agreement
  • Indexed Loan Agreement
  • No Lapse Guarantee Agreement
  • Overloan Protection Agreement
  • Policy Split Agreement
  • Premium Deposit Account Agreement
  • Surrender Value Enhancement Agreement1
  • Term Insurance Agreement1

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1. Not available with the No Lapse Guarantee Agreement

Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation within the first fifteen years of the contract. Clients should consult their tax advisor when considering taking a policy loan or withdrawal.

A fixed interest rate loan will begin a 12-month lockout period during which no transfers from the fixed account to an indexed account will apply. Only one loan rate type available at one time; may switch between loans once per year.

Because of the risk involved to the client with variable interest rate loans, use caution when illustrating or discussing variable rate loans.

The no lapse guarantee is subject to the terms and conditions contained in the policy and may not be in effect even if premium payments are made. Please review the policy carefully. The no lapse guarantee value could be negative if monthly premium payments are not made on time. This may require the policy owner to pay a larger monthly premium in order to restore the no-lapse guarantee value to zero or greater. The no-lapse guarantee value has no impact on the policy's cash value and cannot be surrendered or loaned against. Policy loans could cause the no-lapse guarantee value to be less than zero, which would require the repayment of the loan or the payment of additional premiums to restore the no-lapse guarantee value to zero or greater.

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 and may not be available in combination with other agreements.

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

The "S&P 500 Index" and "S&P 500 Low Volatility Index" are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and have been licensed for use by Minnesota Life Insurance Company. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Minnesota Life Insurance Company ("Minnesota Life'). The Indexed Universal Life Insurance Policy Series ("the Policies") are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Policies or any member of the public regarding the advisability of investing in securities generally or in the Policies particularly or the ability of the S&P 500 Index or S&P 500 Low Volatility Index to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices only relationship to Minnesota Life with respect to the S&P 500 Index and S&P 500 Low Volatility Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Index and S&P 500 Low Volatility Index are determined, composed and calculated by S&P Dow Jones Indices without regard to Minnesota Life or the Policies. S&P Dow Jones Indices has no obligation to take the needs of Minnesota Life or the owners of the Policies into consideration in determining, composing or calculating the S&P 500 Index or S&P 500 Low Volatility Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the Policies or the timing of the issuance or sale of the Policies or in the determination or calculation of the equation by which the Policies are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Policies. There is no assurance that investment products based on the S&P 500 Index or the S&P 500 Low Volatility Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX, S&P 500 LOW VOLATILITY INDEX, OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY MINNESOTA LIFE, OWNERS OF THE POLICIES, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX, S&P 500 LOW VOLATILITY INDEX, OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND MINNESOTA LIFE, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The interest crediting for the Indexed Universal Life Series Policies based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

These materials are for informational and educational purposes only and are not designed, or intended, to be applicable to any person's individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. Securian Financial Group, and its subsidiaries, have a financial interest in the sale of their products.

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. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. 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. Securities offered through Securian Financial Services, Inc., member FINRA/SIPC, 400 Robert Street North, St. Paul, MN 55101-2098, 1-800-820-4205.

Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group, Inc.

The information presented above is solely intended for use by financial professionals. Such information is not intended for public consumption or dissemination.

Policy form numbers: ICC19-20202, 19-20202 and any state variations; ICC19-20206, 19-20206 and any state variations; ICC08-943, 08-943 and any state variations; ICC15-20042, 15-20042 and any state variations; ICC19-20198, 19-20198 and any state variations; 10-911 and any state variations; ICC10-936, 10-936 and any state variations; 12-301 and any state variations, 14-20005.37; ICC13-937, 13-937 and any state variations; ICC10-921, 10-921 and any state variations.

For financial professional use only. Not for use with the public. This material may not be reproduced in any way where it would be accessible to the general public.

DOFU 12-2021