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Guaranteed insurability option agreement

The Guaranteed Insurability Option (GIO) Agreement guarantees the right to purchase additional coverage in the future — without medical evidence of insurability.

The GIO allows your clients to increase their death benefit amount at specific times in their lives. It’s ideal for clients who recognize their potential need for more coverage in the future.


  • Individual customization: Incorporate meaningful life events into your client’s coverage increases. Substitute scheduled increase offer dates for significant rites of passage like marriage or new baby.
  • Businesses solution: This agreement works well with buy-sell or key employee situations. The newly purchased insurance helps increase the death benefit as the value of the business grows.


  • Extends offers to increase coverage at set points in the future — ages 22, 25, 28, 31, 34, 37 and 40
  • Offers terminate at age 40
  • Increases coverage by an amount selected at policy issue (up to $100,000)
  • Results in additional layers of coverage on Universal Life policies


Products with the Guaranteed Insurability Option Agreement:

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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 charges, such as Cost of Insurance Charge, Cash Extra Charge, and Additional Agreements Charge (which we refer to as mortality charges), and Premium Charge, Monthly Policy Charge, Policy Issue Charge, Transaction Charge, Index Segment Charge, and Surrender Charge (which we refer to as expense charges). These charges may increase over time, and the policies 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 policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.

Insurance products issued by Minnesota 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 1-2023