Skip to main content
Securian Financial Home
Search
Search

Insurance products issued by Minnesota Life Insurance Company

Advantage Elite Select 

Term life insurance

Insurance on your clients’ terms

Advantage Elite Select can provide your clients with life insurance on their terms – the coverage they want, when they want it. As term life insurance, it provides death benefit protection for a specified number of years.

Why choose Advantage Elite Select Term?

balance scale

Affordable, level premiums

Competitive premiums for your protection sales

Give your clients the protection they need for their family at a price they can afford, with 10, 15, 20 or 30 year guaranteed durations.

Cyclical

Conversion abilities

Convert to a permanent policy at a later date- without additional underwriting

Clients can convert $100,000 or more to any permanent life insurance product, including indexed, variable and survivorship policies — if both spouses have an Advantage Elite Select term policy.  After conversion, if the remaining amount of term coverage is $100,000 or more, clients can keep it in the term policy for the remaining coverage period.

In addition, if converted within the first two years, clients will receive a credit on their policy (up to the annual premium paid on their AES term policy).

Icon of a online form submit button

Contactless WriteFit Underwriting™

Fast underwriting for an improved client experience

Our WriteFit Underwriting program uses tools and techniques that predict relative mortality based on a number of behaviors. With WriteFit, there is no need for medical exams or blood tests. Instead, clients participate in a phone interview. The policy is issued within 24 hours of completion of the interview for clients who qualify.

Learn more about WriteFit Underwriting™

icon of a set of tools

Customizable for maximum flexibility

Build a policy customized for your client

Give clients protection for their family now and in the future. Advantage Elite Select also gives the ability to convert to permanent coverage while adding chronic illness protection without underwriting at the time of conversion. The conversion can take place even after the insured has qualified for chronic illness benefits.

Another popular agreement is our Extended Conversion Agreement, which allows full conversion privileges for the duration of the policy or to age 75.

Product details

Policy type

Level premium multi-year term policy

Premium band Band one Band two Band three
Face amount $250,000–
$1 million		 $1,000,001–
$3 million		 $3,000,001+
Underwriting process WriteFit1 (available for ages 18–60) or Traditional WriteFit1 (available for ages 18–50 and up to $3 million) or Traditional Traditional
Underwriting classes WriteFit: Standard or better1
Traditional: All available classes		 WriteFit: Standard or better
Traditional: All available classes		 All available classes
Duration   Issue ages  
   10 years   18–80  
   15 years   18–70  
   20 years   18–65  
   30 years   18–50  
Policy fee   $75
  

Renewable

To age 95

Minimum face

$250,000

Conversion period for all bands

  • 10- and 15-year durations: 5 years
  • 20- and 30-year durations: 10 years

Agreements

*Not available in New York

Product details may be different for New York. To find NY specific information you can log into Securian Financial's financial professional site or contact your sales team.

Get a custom illustration

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

Request illustration

Submit a case

We offer traditional and accelerated underwriting, along with direct access to underwriters.

When you're ready to submit a case, our eApp makes it easy.

Underwriting guidelines
Apply via eApp

1. For ages 55-60: Preferred and Preferred Select classes are available through WriteFit. If eligible for WriteFit, it is required up to a face amount of $500,000.

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

Product features and availability may vary by state.

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, and Surrender Charge (which we refer to as expense charges). These policies may contain restrictions, such as surrender periods.

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.

These materials are for informational and educational purposes only and are not designed, or intended, to be applicable to any person's individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. Securian Financial Group, and its subsidiaries, have a financial interest in the sale of their products.

Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.

Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group, Inc.

Policy form numbers: ICC16-20074, 16-20074 and any state variations; ICC18-20156, 18-20156 and any state variations; ICC16-20076, 16-20076 and any state variations; ICC18-20157, 18-20157 and any state variations; ICC14-20000, 14-20000 and any state variations, SL-13-931; 16-20068 and any state variations; ICC12-920, 12-920 and any state variations, SL-12-920; ICC16-20075, 16-20075 and any state variations, 08-900SL.31.

DOFU 4-2025

3568262