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No-Lapse Guarantee Agreement (indexed)

The No-Lapse Guarantee Agreement (NLGA) can bring your clients a lifetime of guaranteed coverage at an affordable price.


  • The length of the guarantee can be any duration, up to age 120 — the higher the premium, the longer the death benefit guarantee.
  • Adding the No-Lapse Guarantee Agreement can give your client a sense of security that no matter how their policy performs, their contract will not lapse as long as they pay their premiums.


  • Must be added at policy issue
  • Ability to dial guaranteed duration to age 120
  • Required agreement with Eclipse Protector II Indexed Universal Life (IUL)


Products with the No-Lapse Guarantee Agreement:


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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. 

Guarantees are based on the claims-paying ability of the issuing insurance company.

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.

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

Policy form numbers: ICC19-20198, 19-20198 and any state variations; ICC19-20204, 19-20204, 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 8-2022