ST. PAUL, Minn.--(BUSINESS WIRE)--Two index options added by Minnesota Life Insurance Company, a subsidiary of Securian Financial Group, to its Eclipse Indexed Universal Life Insurance products offer more account options and potential for higher interest crediting for indexed life insurance clients. The new options are:
- S&P 500® with three-year time period and 140 percent participation, offering a higher cap than its S&P 500® one-year option
- A blended index account that includes the S&P 500®, Russell 2000®, EURO STOXX 50® and the Barclays US Aggregate Bond index
With these additions, Eclipse Indexed Life products now offer five indexed account options based on the four indices listed above, plus the Dow Jones Global ex-US IndexSM.
Eclipse Indexed Life offers life insurance protection and sound cash value growth with competitive interest crediting options and guaranteed protection. It protects assets while helping them grow. Eclipse may be right for individuals who want life insurance protection while accumulating funds for supplemental retirement income or other financial goals.
Eclipse Indexed Life is designed first and foremost to provide life insurance protection. While the interest crediting options are attractive for cash accumulation, the product should always be promoted to first meet the death benefit needs of families and businesses with cash accumulation as a secondary benefit.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York admitted insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
For financial professional use only. Not for use with the general public.
Dow Jones Global ex-U.S. Indexsm is a service mark of Dow Jones & Company, Inc. and has been licensed for use by Minnesota Life Insurance Company. This policy is not sponsored, endorsed, sold or promoted by Dow Jones & Company, Inc. and Dow Jones & Company, Inc. makes no representation regarding the advisability of purchasing this policy. The term Dow Jones Global ex-U.S. Indexsm, refers to the Dow Jones Global ex-U.S. Indexsm Composite Stock Price Index.
S&P 500®, Standard & Poor's 500® index, Standard & Poor's®, "S&P®", "S&P 500®", "Standard & Poor's 500®", and "500" are trademarks of Standard & Poor's and have been licensed for use by Minnesota Life Insurance Company ("Minnesota Life"). The Eclipse Indexed Life Insurance policy ("the Policy") is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Product.
The Policy is not sponsored, endorsed, sold or promoted by Standard & Poor's ("S&P") or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of the Policy or any member of the public regarding the advisability of investing in securities generally or in the Policy particularly or the ability of the S&P 500® (the “Index”) to track general stock market performance. S&P's and its third party licensor’s only relationship to Minnesota Life is the licensing of certain trademarks and trade names of S&P and the third party licensors and of the Index which is determined, composed and calculated by S&P or its third party licensors without regard to Minnesota Life or the Policy. S&P and its third party licensors have no obligation to take the needs of Minnesota Life or the owners of the Policies into consideration in determining, composing or calculating the Index. Neither S&P nor its third party licensors is responsible for and has not participated in the determination of the prices and amount of the Policy or the timing of the issuance or sale of the Policy or in the determination or calculation of the equation by which the Policy is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Policy.
NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
Barclays Capital Inc. and its affiliates ("Barclays") is not the issuer or producer of Eclipse Index Life Insurance Policy (“the Policy”) and Barclays has no responsibilities, obligations or duties to investors in the Policy. The Barclays Capital U.S. Aggregate Bond Index is a trademark owned by Barclays Bank PLC and licensed for use by Minnesota Life Insurance Company (“Minnesota Life”) as the Issuer of the Policy. While Minnesota Life may for itself execute transaction(s) with Barclays in or relating to the Barclays Capital U.S. Aggregate Bond Index, the Policy investors shall not acquire any interest in Barclays Capital U.S. Aggregate Bond Index nor do they enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Policy. The Policy is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Policy or use of the Barclays Capital U.S. Aggregate Bond Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Barclays Capital U.S. Aggregate Bond Index or any data included therein.
The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The interest crediting for the Eclipse Indexed Life Insurance Policy based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.
Russell Investment Group. Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000® is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index. Russell 2000® is a registered service mark of Frank Russell Company. The Eclipse Index Life Insurance Policy (the Policy) is not sponsored, endorsed, sold or promoted by Russell Investment Group and the Russell Investment Group makes no representation regarding the advisability of the Policy or use of the Russell 2000® Index or any data included therein. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
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