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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?
Provide an easy client experience with faster underwriting decisions and no need for medical exams or blood tests.
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.
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, when a policy is converted in the first two years, we will provide clients a credit up to the annual premium paid on their Advantage Elite Select term policy.
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 Underwriting, 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.
Customizable for maximum protection
Build a policy customized for your client
Give clients protection for their family now and in the future. Advantage Elite Select is the only term product on the market that 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.
Advantage Elite Select Term product details
Level premium multi-year term policy
|Premium band||Band one||Band two||Band three||Band four|
|Underwriting process||WriteFit Express||WriteFit1 (available for ages 18–60) or Traditional||WriteFit1 (available for ages 18–50 and up to $2 million) or Traditional||Traditional|
|Underwriting classes||Standard||Standard or better||WriteFit: Standard or better
Traditional: All available classes
|WriteFit: Standard or better
Traditional: All available classes
|All available classes|
|Duration||Issue ages||Issue ages||Issue ages||Issue ages|
To age 95
Conversion period for all bands
- 10- and 15-year durations: 5 years
- 20- and 30-year durations: 10 years
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.
- Accelerated Death Benefit for Terminal Illness Agreement*
- Benefit Distribution Agreement
- Chronic Illness Conversion Agreement
- Extended Conversion Agreement
- Waiver of Premium Agreement
*Not available in New York
1. For ages 55-60: Preferred and Preferred Select classes are available.
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 fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods.
WriteFit and WriteFit Express are available under our WriteFit Underwriting program.
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. Securities offered through Securian Financial Services, Inc., member FINRA/SIPC, 400 Robert Street North, St. Paul, MN 55101-2098, 1-800-820-4205.
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.
The information presented above is solely intended for use by financial professionals. Such information is not intended for public consumption or dissemination.
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.
For financial professional use only. Not for use with the public. This material may not be reproduced in any way where it would be accessible to the general public.