Minnesota Life Insurance, a subsidiary of Securian Financial, has expanded its Eclipse Indexed Universal Life Insurance products with the addition of two index options in a bid to offer more account options and potential for higher interest crediting for indexed life insurance clients.
The new options come with a three-year time period and 140% participation offering a higher cap than its S&P 500 one-year option. It is a blended index account that includes the S&P 500, Russell 2000, EURO STOXX 50 and the Barclays US Aggregate Bond index.
The new additions, based on the four indices, bring the total number of indexed account options offered by Eclipse Indexed Life products to five.
Eclipse Indexed Life offers life insurance protection and cash value growth with competitive interest crediting options and guaranteed protection to individuals seeking accumulating funds for supplemental retirement income or other financial goals.
Headquartered in Saint Paul, Minnesota Life Insurance products are issued by Securian Life Insurance in New York except other states.