Indexed universal life products

Indexed universal life (IUL) insurance policies provide lifetime death benefit protection along with tax-advantaged cash value growth tied to changes in an underlying index.1 They allow for higher crediting potential than fixed-interest policies, while also protecting clients from negative earnings.

Value Protection IUL

Affordable protection for life with built-in guarantees

Value Protection IUL is a protection focused IUL that offers simple, affordable protection with a built-in no lapse guarantee. It appeals to clients who are looking for a no-frills, low cost permanent life insurance policy with limited cash value growth.

   
Issue Ages 0-80 years based on nearest birthday
Face Amount $100,000 (minimum); $5 million (maximum)
Death benefit options Level or increasing
No-lapse guarantee

Ensures the policy will pay a death benefit even if there isn’t enough cash value to cover monthly policy charges

  • Guarantees coverage to age 80, 85, 87 or 90 (based on your clients age and underwriting class), or a maximum of 40 years — whichever is less
  • Remains in effect as long as the monthly benchmark premium2 is paid
Surrender Charge Applies for the first 15 years after issue or face amount increase
Indexed account options 4 indexed account options plus a fixed account
Index crediting method  Annual point to point
Minimum guaranteed interest rate 2% at time of death, policy termination or surrender
Fixed interest rate loans
  • Charge rate: 4%
  • Crediting rate: 3%
Optional Agreements Accelerated Death Benefit for Chronic Illness Agreement, Accelerated Death Benefit for Terminal Illness Agreement, Chronic Illness Access Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement and Waiver of Premium Agreement

Eclipse Protector IUL

Protection when it matters most

Eclipse Protector IUL is a single life protection focused indexed universal life policy that appeals to clients who desire premiums that fit within their budget and a policy that provides guaranteed death benefit protection and moderate cash value growth.

   
Issue Ages 0-85 years based on nearest birthday
Minimum Face Amount $100,000 for all ages
Death benefit options Level, increasing or sum of premiums
Surrender Charge Applies for the first 15 years after issue or face amount increase
Indexed account options 5 indexed account options plus a fixed account
Index crediting method  Annual point to point (3-year option available)
Minimum guaranteed interest rate 2% at time of death, policy termination or surrender
Fixed interest rate loans3,4
  • Charge rate: 5%
  • Crediting rate: 4% in years 1-10, 4.9% in years 11+
Variable interest rate loans4
  • Charge rate: 3% minimum - varies based on Moody’s Corporate Bond Yield Average
  • Crediting rate: Directly tied to performance of client’s account allocations
Optional Agreements Accelerated Death Benefit for Chronic Illness Agreement, Accelerated Death Benefit for Terminal Illness Agreement, Accidental Death Benefit Agreement, Business Continuation Agreement, Children’s Term Agreement, Guaranteed Insurability Option Agreement, Inflation Agreement, Overloan Protection Agreement, Performance Death Benefit Guarantee Agreement, Premium Deposit Account Agreement, Term Insurance Agreement, Waiver of Charges Agreement, Waiver of Premium Agreement

Orion IUL

Lighting the way to a brighter future

Orion IUL is a single life accumulation focused indexed universal life policy that offers uncapped5 and multiplier indexed account options and an optional agreement that allows a death benefit spread. Orion IUL appeals to individuals who want lifetime death benefit protection, flexibility and strong cash value growth potential.

   
Issue Ages 0-80 years based on nearest birthday
Minimum Face Amount $50,000 for ages 0-54; $100,000 for ages 55+
Death benefit options Level or increasing
Surrender Charge Applies for the first 10 years after issue or face amount increase
Indexed account options 8 indexed account options plus a fixed account
Index crediting method  Annual point to point (2-year option available)
Minimum guaranteed interest rate 2% at time of death, policy termination or surrender
Fixed interest rate loans3,4
  • Charge rate: 4%
  • Crediting rate: 3% in years 1-10, 4% in years 11+
Variable interest rate loans4
  • Charge rate: 3% minimum-varies based on Moody’s Corporate Bond Yield Average
  • Crediting rate: Directly tied to performance of client’s account allocations 
Indexed Loans4
  • Charge rate: 5%
  • Crediting rate: Directly tied to performance of the Indexed Loan Account
  • Available after year 1; net indexed loan cost could be positive or negative
Short Term Loans6 Available after the first policy anniversary; interest will not be charged if entire loan is repaid within 90 days
Optional Agreements Accelerated Death Benefit for Chronic Illness Agreement, Accelerated Death Benefit for Terminal Illness Agreement, Chronic Illness Access Agreement, Corporate Enhanced Values Agreement, Early Values Agreement, Exchange of Insureds Agreement, Guaranteed Income Agreement, Guaranteed Insurability Option Agreement, Income Protection Flex Agreement, Inflation Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement, Surrender Value Enhancement Agreement, Term Insurance Agreement, Waiver of Charges Agreement, Waiver of Premium Agreement 

 

1. All indexed accounts available with the Indexed Universal Life Series employ a point-to-point interest crediting method with one-year index segments – except where noted – established monthly. Interest credits for any index segment may range from a minimum (0% or 1%) up to the maximum (which may be unlimited for some accounts) for that segment. These policies guarantee that the total interest credited over the life of the policies will not be less than a 2.00% effective annual interest rate.

2. The benchmark premium is a monthly measure. The no-lapse guarantee value is based on actual premium paid and the monthly benchmark premium. Payments differing in amount or frequency from the monthly benchmark premium will result in a different no-lapse guarantee value potentially impacting whether or not the no-lapse guarantee is in effect.

3. A fixed rate loan will begin a 12-month lockout period during which no transfers from the fixed account to an indexed account will apply. This is not applicable to Securian Life indexed products in the state of New York.

4. Only one loan rate type available at one time; may switch between loans once per year. This is not applicable to Securian Life indexed products in the state of New York.

5. Uncapped indexed account participation rates are subject to change and may be less than 100%. This could have the impact of the indexed account credit being less than the change in the reference index.

6. The short-term loan provision provides for interest waiver if the loan is paid in full within 90 days of the date the loan was taken. In the event the policyholder does not repay the loan in full within 90 days, interest and other policy loan provisions will apply as of the date the loan was taken. Additional restrictions may apply.

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Additional agreements may be available. Agreements may be subject to additional costs and restrictions. Agreements may not be available in all states, may exist under a different name in various states and may not be available in combination with other agreements.

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.

Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. Clients should consult their tax advisor when considering taking a policy loan.

This information is a general discussion of the relevant federal tax laws provided to promote ideas that may benefit a taxpayer. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. Taxpayers should seek the advice of their own advisors regarding any tax and legal issues specific to their situation.

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

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 affiliates, have a financial interest in the sale of their products.

Not a deposit - Not FDIC/NCUA insured - Not insured by any federal government agency - Not guaranteed by any bank or credit union - May go down in value

DOFU 1-2019
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