We are increasing caps and participation rates on a number of Indexed Universal Life (IUL) products.
These changes will take effect for all premium received and new indexed segments created after Friday, August 16, 2024. All premium received on or before August 16 for approved and existing policies will have current rates applied. Illustrations will be updated August 17, 2024.
Policies with issue dates on or after 9/15/2023
| Eclipse Accumulator IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500® — 100% Participation | 10% | 10.5% |
| Indexed Account F — Euro STOXX 50 — 100% Participation | 13% | 14% |
| Indexed Account O — S&P PRISMSM | Uncapped | Uncapped |
| Participation Rate | 200% | 215% |
| Rainbow Account 1 — 100% Participation | 10% | 10.5% |
| Eclipse Protector II IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500 — 100% Participation | 8.5% | 9% |
| Indexed Account F — Euro STOXX 50 — 100% Participation | 11.5% | 12.5% |
| Rainbow Account 1 — 100% Participation | 8.75% | 9.25% |
| Eclipse Survivor II IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500 — 100% Participation | 10% | 10.5% |
| Indexed Account F — Euro STOXX 50 — 100% Participation | 13% | 14% |
| Indexed Account O — S&P PRISMSM | Uncapped | Uncapped |
| Participation Rate | 200% | 215% |
Policies with issue dates prior to 9/15/2023
| Eclipse Accumulator IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500 — 100% Participation | 8% | 8.25% |
| Indexed Account F — Euro STOXX 50 — 100% Participation | 9.50% | 10% |
| Indexed Account O — S&P PRISMSM | Uncapped | Uncapped |
| Participation Rate | 160% | 170% |
| Eclipse Survivor II IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500 — 100% Participation | 8% | 8.25% |
| Indexed Account F — Euro STOXX 50 — 100% Participation | 9.50% | 10% |
| Indexed Account O — S&P PRISMSM | Uncapped | Uncapped |
| Participation Rate | 160% | 170% |
| Eclipse, Eclipse Survivor and Omega Builder IUL | Aug-24 | Sep-24 |
|---|
| Minnesota Life Insurance Company | Cap | Cap |
| Indexed Account A – S&P 500 – 100% Participation | 7.25% | 7.50% |
| Indexed Account O – S&P PRISM | Uncapped | Uncapped |
| Participation Rate | 130% | 135% |
| Orion IUL | Aug-24 | Sept-24 |
|---|
| | Cap | Cap |
| Indexed Account A — S&P 500 — 100% Participation | 7.25% | 7.50% |
| Indexed Account O – S&P PRISMSM | Uncapped | Uncapped |
| Participation Rate | 130% | 135% |
