A New Vision for Indexed Universal Life (IUL) Portfolio Management

To enhance the competitiveness of our IUL products and reflect current industry trends, Securian Financial is changing the way we manage our IUL portfolio starting this September. IUL Portfolio Management will better align the indexed account parameters¹ and fixed account interest rates we are crediting with the investments that were made to support each block of business. Additionally, this creates latitude for us to price products that better reflect the current economic environment- a similar approach used by most other insurance companies in recent years.

We will have distinct indexed account parameters and fixed account interest rates by product and create a new sales block for the following products: Eclipse Accumulator IUL, Eclipse Protector II IUL and Eclipse Survivor II IUL for policies with a policy date on or after September 15, 2023. This will result in multiple changes to indexed account parameters across our IUL product suite.

Illustrations/backdating guidelines

The illustration system will be updated the morning of August 18, 2023 to show any updates to indexed account parameters, which will change the maximum illustrated rates, and fixed account interest rates that will be effective for index segments beginning September 15, 2023.
The full guidelines for internal replacements, illustrations, backdating and transition rules are available here.