Securian Financial Group Inc. has introduced two indexed universal life (IUL) insurance policies.
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Of of the new policies is the Eclipse Accumulator IUL policy.
The policy offers a menu of four indexed account options, including an option for uncapped accumulation potential.
The policy also offers four loan options: fixed loans, indexed loans, variable loans, and short-term interest-free loans.
Another policy option can pay the death benefits out in the form of a monthly or annual benefit over a specified number of years.
Securian Financial has also introduced the Eclipse Protector II IUL policy.
Premiums for that policy are about 4% to 8% lower than the premiums for the original Eclipse Protector IUL product, and the policy can provide protection up to age 120.