We are increasing participation rates on a number of Indexed Universal Life (IUL) products and reducing the cap on our Blended account.
These changes will take effect for all premium received and new indexed segments created after Friday, April 21, 2023. All premium received on or before April 21 for approved and existing policies will have current rates applied. Illustrations will be updated April 22, 2023.
Many considerations go into determining the cap and participation rates – and we want to make sure you understand how they are determined and why they change.
| Eclipse Accumulator IUL | April | May |
|---|
| | Cap | Cap |
| Indexed Account O – S&P PRISMSM | Unlimited | Unlimited |
| Indexed Account O – Participation Rate: | 120% | 140% |
| Eclipse Survivor II IUL | April | May |
|---|
| | Cap | Cap |
| Indexed Account O – S&P PRISM | Unlimited | Unlimited |
| Indexed Account O – Participation Rate: | 120% | 140% |
| Eclipse, Eclipse Survivor and Omega Builder IUL | April | May |
|---|
| Minnesota Life Insurance Company | Cap | Cap |
| Indexed Account E – Blended – 100% Participation | 8.75% | 7.75% |
| Indexed Account O – S&P PRISM | Unlimited | Unlimited |
| Indexed Account O – Participation Rate: | 120% | 140% |
| Indexed Loan Account-Blended-100% participation | 9.50% | 9.00% |
| Securian Life Insurance Company | Cap | Cap |
| Indexed Account E – Blended – 100% Participation | 9.00% | 8.00% |
| Eclipse Protector, Eclipse Survivor Pro IUL | April | May |
|---|
| Minnesota Life Insurance Company | Cap | Cap |
| Indexed Account E – Blended – 100% Participation | 7.00% | 6.75% |
| Securian Life Insurance Company | Cap | Cap |
| Indexed Account E – Blended – 100% Participation | 7.25% | 7.00% |
