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Early values agreement

The Early Values Agreement (EVA) eliminates policy surrender charges in exchange for a separate monthly premium.


  • EVA is ideal for business situations when clients need to show value on the balance sheet

How it works

For example, if you surrender your Policy in the third Policy Year while your Policy’s Accumulation Value is $100,000, we would ordinarily deduct a Surrender Charge, which could be significant, in calculating your Surrender Value. If you elect the EVA, such Surrender Charge will be waived, and your Surrender Value would be the whole $100,000 (less any Policy loan and unpaid Policy Loan Interest, if applicable) in this hypothetical situation.


Next steps

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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.

Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. Variable life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods. There may also be underlying fund charges and expenses, and additional charges for riders that customize a policy to fit individual needs. Charges and expenses may increase over time. The variable investment options are subject to market risk, including loss of principal.

Insurance products issued by Minnesota Life Insurance Company / Securian Life Insurance Company

Policy form numbers:  ICC09-915, 09-915 and any state variations; SL-09-915.31; ICC19-20204, 19-20204 and any state variations; ICC18-20150, 18-20150 and any state variations; ICC18-20149, 18-20149 and any state variations; 18-20155

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

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

DOFU 12-2022