Securian Adds Indexed Universal Life Policy

The no-lapse guarantee provision can provide coverage for 40 years, for some insureds, or for a specified period that’s shorter than 40 years for other insureds.

Purchasers can get death benefits ranging from $100,000 to $5 million.

The list of indexed account options includes capped and uncapped options, along with a fixed account with a minimum annual crediting rate of 2%.

Consumers interested in using the policy for long-term care planning purposes can get an accelerated death benefit for chronic illness agreement. The agreement may give a client early access to the death benefit if the client is unable to perform two of six activities of daily living (ADLs), according to Securian.

Securian notes that the no-lapse guarantee provision and the chronic illness agreement come with eligibility requirements.

— Read Securian Offers New IUL Product, on ThinkAdvisor.

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