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.
Both policies are issued by Minnesota Life Insurance Company.
In other life product news, The Penn Mutual Life Insurance Company has added to universal life products: the Accumulation Builder Flex Index Universal Life policy and the Diversified Advantage Variable Universal Life policy.
The Accumulation Builder Flex IUL policy offers a guarantee of at least 1% interest growth.
The policy offers five indexed account options – each with a variety of built-in guarantees.
The Diversified Advantage VUL policy offers a variety of investment options, including indexed fixed accounts.
— Read Northwestern Mutual and Knights of Columbus Add Whole Life Policies, on ThinkAdvisor.