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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
April 12, 2004 at 08:00 PM
NU Online News Service, April 12, 2004, 4:52 p.m. EDT – Minnesota Life Insurance Company has launched a new adjustable life policy, VAL Summit, that provides a high death benefit for a relatively low premium.[@@]
Minnesota Life, St. Paul, Minn., says it developed the product as an alternative to variable products that focus on maximizing death benefits.
The company is basing product pricing on the 2001 Commissioners Standard Ordinary mortality tables, and the underwriting categories for the VAL Summit policy will be similar to those for a sister policy, the VAL Horizon policy, which focuses on maximizing living benefits, Minnesota Life says.
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