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Surrender value enhancement agreement

Our Surrender Value Enhancement Agreement (SVEA) is designed for your clients with business and estate planning needs.

This agreement provides a return of premium benefit upon surrender during the SVEA period.

Benefits

  • In all states except Oregon, Nevada, New York and California, SVEA guarantees the surrender value will be no less than 100% of cumulative premiums paid during the first five years
  • In Oregon, Nevada, New York and California only, SVEA guarantees the surrender value will be no less than 100% of cumulative premiums paid during the first three years.
  • Ideal for business owners desiring higher cash value in the early years of their business

Details

  • Must be a business-owned or business-sponsored policy
  • Initial Premium Payment Threshold must be paid at policy issue
  • Requires use of Early Values Agreement
  • Threshold premium for subsequent years must be paid within 30 days from the policy anniversary date
  • In all states except Oregon, Nevada, New York and California, premiums paid in the first policy year will have the 5.5 percent premium load spread out over five years (assessed at 60 monthaversaries). Premiums paid in year 2 and beyond will be assessed the standard 5.5 percent premium load at the time of payment.

Products

Products with the Surrender Value Enhancement Agreement:

Get a custom illustration

Your life sales team can provide a custom illustration for your next case:

Next steps

Additional resources available on our secured site

Get access to these and other tools on our secured website for financial professionals.

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 these policies may contain restrictions, such as surrender periods. Policyholders could lose money in these products.

Insurance policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. 

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.

Surrender of policy during SVEA period will result in proportionate charge-back on financial professional compensation.

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

Policy form numbers:  ICC24-20306, 24-20306 and any state variations; SL-13-937; ICC19-20204, 19-20204 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 9-2024

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