Affordable permanent protection with growth potential
Variable group universal life insurance (VGUL) combines affordable, permanent1 life insurance with the potential to achieve cash value growth through a number of subaccount investment options.
VGUL offers living benefits like tax-deferred growth on cash value amounts, policy loans, and tax-advantaged withdrawals from cash value.2
Why offer variable group universal life insurance?
Securian’s VGUL product combines the affordability of group life insurance with the potential for greater cash value growth through subaccount investment options.
- Employees can personalize their subaccount investments based on their time horizon and risk tolerance to help work toward personal financial objectives.3
- Employees may also take advantage of our guaranteed account, which provides a fixed rate of return.4
- VGUL coverage may be continued if an employee leaves their employment or is no longer eligible. Premiums may be higher than those paid by active employees.
How variable group universal life insurance works
With VGUL insurance, employees can choose to pay only for the cost of the life insurance protection or build cash value by also making premium contributions above the cost of the insurance. Built up cash value can be withdrawn at any time, at any age, generally without tax penalties.4
Employees have the opportunity to allocate these additional dollars above the cost of insurance in professionally managed, variable investment options, in a guaranteed account, or both.
Employees can choose to start, change or stop additional premiums at any time without charge.4,5 Additional contributions can be made through the convenience of payroll deduction or in lump sums.