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Waiver of premium agreement

Our Waiver of Premium Agreement waives the policy premium if the insured becomes totally and permanently disabled.

Details

We will waive or pay the monthly premium shown in the schedule on the policy data pages, based on the insured's age at the time disability began.

As long as the insured remains disabled, we will waive or pay a monthly premium from the date the disability began until the date the insured recovers or to the insured's age 121. Please review the agreement for full details.

Multiple versions of this agreement exist. Please refer to the applicable policy form for complete information and the specific rules governing the agreement.

Products

Products with the Waiver of Premium Agreement:

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Next steps

Additional resources available on our secured site

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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 charges. 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.

Waiver of Premium for Disability Agreement may be subject to additional costs and restrictions, may not be available in all states or may exist under a different name in various states.

This agreement does not in any way replace the specific coverages provided in your policy. Both policy benefits and wording may vary to comply with state regulations.

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.

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

Policy form numbers:  ICC16-20075, 16-20075 and any state variations; 08-900SL.31; ICC12-900, 12-900 and any state variations; SL-12-900, ICC15-20040, 15-20040 and any state variations; ICC16-20074, 16-20074 and any state variations; ICC13-470, 13-470 and any state variations; 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, 06-917 and any state variations, SL-09-917.31.

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 12-2025

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