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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/27/22 Minnesota Life Individual V… Acct 485BPOS 4/29/22 6:1.3M Donnelley … Solutions/FA → Minnesota Life Individual Variable Universal Life Account ⇒ Waddell & Reed Advisors Accumulator Variable Universal Life |
Document/Exhibit Description Pages Size 1: 485BPOS Post-Effective Amendment of a Form N-1 or N-1A HTML 646K Registration 3: EX-99.30.D.24 Miscellaneous Exhibit HTML 8K 2: EX-99.30.D.5 Miscellaneous Exhibit HTML 76K 4: EX-99.30.K Miscellaneous Exhibit HTML 10K 5: EX-99.30.N Miscellaneous Exhibit HTML 6K 6: EX-99.30.S Miscellaneous Exhibit HTML 16K
485BPOS |
Pre-Effective Amendment No. ___ | □ |
Post-Effective Amendment No. 29 | ☒ |
Amendment No. 98 | ☒ |
□ | immediately upon filing pursuant to paragraph (b) of Rule 485 |
□ | 60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
□ | on (date) pursuant to paragraph (a)(1) of Rule 485 |
□ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
• | are not guaranteed to achieve their goals; |
• | are not federally insured; |
• | are not endorsed by any bank or government agency; and |
• | are subject to risks, including loss of the amount invested. |
Fees and Expenses | Location in Prospectus | |||
Charges for Early Withdrawals | If you surrender your Policy during the first ten Policy Years or during the first ten years following an increase in Face Amount, we will assess a Surrender Charge, which may significantly reduce the Surrender Value. Because Policy Issue Charges can be higher for Policies with greater Face Amounts, the Surrender Charge, both as a dollar amount and as a percentage of the Policy’s Face Amount, may increase for Policies with higher Face Amounts. | Fee Tables | ||
For example, if you surrender your Policy within the first 10 Policy Years or during the first 10 years following an increase in Face Amount, you could pay a Surrender Charge of up to $6,000.00 based on a $100,000 Face Amount, representing a charge of 6% of the Policy’s Face Amount. | ||||
If you have elected the Early Values Agreement, the Surrender Value will not be reduced by the Surrender Charge. | ||||
Transaction Charges | In addition to Surrender Charges, we may assess certain transaction charges. | Policy Charges (Transaction Charges) | ||
• If you elect to make a Policy change, we may assess a Policy Transaction Charge, which is currently $60 per transaction; | ||||
• if you elect to take a partial surrender, we may assess a Partial Surrender Transaction Charge, which is 2% of the surrendered amount (not to exceed $25); or | ||||
• if you transfer Accumulation Value among the Sub-Accounts and the Guaranteed Interest Account, we may assess a Transfer Transaction Charge, which will not exceed $25 (we currently do not assess this charge). | ||||
Ongoing Charges and Expenses (annual charges) | In addition to Surrender Charges and transaction charges, the Policy is subject to certain ongoing charges and expenses, including the Premium Charge, the Monthly Policy Charge, the Policy Issue Charge, the Cost of Insurance Charge, a Mortality and Expense Risk Charge, a Cash Extra Charge, and charges for any Agreements you elect. These charges and fees are based on the characteristics of the insured, including the insured's Age, gender, Risk Class and Face Amount. | Fee Tables | ||
You should refer to your Policy data pages for rates that are applicable to your Policy. | ||||
The table below describes the total annual portfolio operating expenses (expenses that are deducted from Portfolio assets include management fees, distribution or service (12b-1) fees, and other expenses) that you will pay while you own the Policy. | ||||
The table shows the minimum and maximum expenses (as a percentage of Portfolio assets) charged by any of the Portfolios for the fiscal year ended December 31, 2021. More details concerning each Portfolio’s fees and expenses are contained in Appendix A. | ||||
Annual Fee Portfolio Operating Expenses |
Minimum 0.76% |
Maximum 1.30% |
Risks | Location in Prospectus | |
Risk of Loss | You have the risk that you can lose money by investing in the Policy. | Principal Risks of Investing in the Policy |
Not a Short-Term Investment | The Policy is not a short-term investment and may not be appropriate for Policy Owners who need ready access to cash. The Policy combines both life insurance protection and the potential for the accumulation of cash values; however, it contains costs, such as cost of insurance, surrender charges, and other expenses that, in the short term, may reduce the amount of Accumulation Value available to the Policy Owner. | Principal Risks of Investing in the Policy |
Risks Associated with Investment Options | The Policy Accumulation Value, to the extent invested in a Sub-Account, is subject to the risk of poor investment performance and can vary with the positive or negative investment experience of the corresponding Portfolio. Each investment option, including any of the Variable Account Sub-Accounts or the Guaranteed Interest Account, will each have its own unique risks. The Policy Owner should review these investment options before making an investment in the Policy. | Principal Risks of Investing in the Policy |
Insurance Company Risks | Guarantees provided by Minnesota Life as to the benefits promised in the contract, such as payment of the Death Benefit, are subject to the claims paying ability of Minnesota Life and are subject to the risk that Minnesota Life may default on its obligations under those guarantees. The Guaranteed Interest Account and the Fixed Loan Account are part of our General Account. Our General Account consists of all assets owned by us other than those in the Variable Account and any other separate accounts which we may establish. Investors look to the financial strength of Minnesota Life for its insurance guarantees. Information about Minnesota Life, and its financial strength ratings, are available upon request. You may call us at 1-844-208-2412 for additional information or visit our website at www.securian.com/about-us/ratings. | Principal Risks of Investing in the Policy |
Contract Lapse | There is the risk that the Policy may terminate. If your Policy terminates, no Death Benefit will be paid if the insured dies and all the Agreements added to the Policy will also terminate. As described in the “Termination” and “Reinstatement” sections of this prospectus, Termination will only occur when the Accumulation Value under the Policy, less the sum of any outstanding policy loans and unpaid Policy Loan Interest, is insufficient to cover the monthly charges, and the subsequent Grace Period expires without sufficient payment being made to keep the Policy in force. You may reinstate a terminated Policy, subject to certain conditions, which include, providing evidence of insurability satisfactory to us and payment of premiums or repayment of Policy loans. Policy loans may increase the risk that the Policy will terminate. If a Policy terminates with an outstanding Policy loan, there may be significant adverse tax consequences to the Owner. | Termination and Reinstatement |
Restrictions | Location in Prospectus | |
Investments | • We reserve the right to limit transfers to and from the Guaranteed Interest Account to one transfer per Policy Year. We also reserve the right to restrict the dollar amount of any transfer to or from the Guaranteed Interest Account. | Policy Limitations |
Restrictions | Location in Prospectus | |
• We reserve the right to require that the amount transferred to or from a Sub-Account or the Guaranteed Interest Account be at least $250. | ||
• We reserve the right to remove a Sub-Account or substitute another mutual fund or Portfolio for a Sub-Account. | ||
Optional Benefits | If you have added the LTC Agreement or the Accelerated Death Benefit for Chronic Illness Agreement, when you make a claim and we make a benefit payment, we will automatically transfer all of your Policy’s Accumulation Value that is in the Variable Account to the Guaranteed Interest Account. If we are paying benefits, you will only be able to allocate premium payments and loan repayments to the Guaranteed Interest Account. | Other Benefits Available Under the Contract |
Taxes | Location in Prospectus | |
Tax Implications | You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Policy. Full and Partial Surrenders could be subject to ordinary income tax, and, if your Policy is a MEC, partial surrenders and loans could be subject to tax penalties. | Taxes (Tax Treatment of Policy Benefits) |
Conflicts of Interest | Location in Prospectus | |
Investment Professional Compensation | We pay broker-dealers that sell our Policies a commission that is based upon the premium you pay for the Policy. The broker-dealers, in turn, pay their registered representatives all or a portion of that commission for the sale. We may also pay broker-dealers additional amounts in the form of revenue sharing and marketing allowances for the sale of our Policies. These broker-dealers and their registered representatives may have a financial incentive to offer or recommend the Policy over another investment. | Policy Charges (Compensation Paid for the Sale of Policies) |
Exchanges | Some registered representatives may have a financial incentive to offer you a new Policy in place of the one you may already own. You should only exchange your existing Policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new Policy rather than continue your existing policy. | General Description of the Policy (1035 Exchanges or Replacements) |
Agreement | Available at Policy Issue | Available post issue of the Policy |
Accelerated Death Benefit for Chronic Illness Agreement | N/A – Policy no longer issued | Not available |
Accelerated Death Benefit for Terminal Illness Agreement* | N/A – Policy no longer issued | Available |
Business Continuation Agreement | N/A – Policy no longer issued | Not available |
Death Benefit Guarantee Agreement** | N/A – Policy no longer issued | Not available |
Early Values Agreement | N/A – Policy no longer issued | Not available |
Family Term — Children | N/A – Policy no longer issued | Not available |
Guaranteed Insurability Option Agreement | N/A – Policy no longer issued | Not available |
Guaranteed Insurability Option for Business Agreement | N/A – Policy no longer issued | Not available |
Inflation Agreement | N/A – Policy no longer issued | Not available |
Interest Accumulation Agreement | N/A – Policy no longer issued | Not available |
Long Term Care Agreement | N/A – Policy no longer issued | Not available |
Overloan Protection Agreement | N/A – Policy no longer issued | Available |
Premium Deposit Account Agreement* | N/A – Policy no longer issued | Available |
Term Insurance Agreement | N/A – Policy no longer issued | Not available |
Waiver of Charges Agreement | N/A – Policy no longer issued | Not available |
Waiver of Premium Agreement | N/A – Policy no longer issued | Not available |
Charge | When Charge is Deducted | Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Premium Charge(1) | Upon premium payment, expressed as an amount of premium payment | 7 percent of premium payment | 4 percent of premium payment |
Policy Change Transaction Charge | Upon change in Face Amount, Death Benefit option, or Risk Class | $100 | $60 |
Surrender Charge for Policies issued prior to May 16, 2015 | When you surrender your Policy during the first 10 Policy Years | For the Initial Face Amount or any Face Amount increase the sum of any remaining Policy Issue Charges for the Initial Face Amount or the Face Amount increase, as applicable, measured from policy Termination or full surrender to the end of the ten year surrender charge period | For the Initial Face amount or any Face Amount increase the sum of any remaining Policy Issue Charges for the Initial Face amount or the Face Amount increase, as applicable, measured from policy Termination or full surrender to the end of the ten year surrender charge period |
Surrender Charge for Policies issued after May 16, 2015 | When you surrender your Policy during the first 10 Policy Years | The surrender charge is equal to the lesser of (i) 60 times the Policy Issue Charge for the Initial Face Amount increase; or(ii) the sum of any remaining Policy Issue Charges for the Initial Face Amount or Face Amount increase multiplied by a factor of 2, as applicable. | The surrender charge is equal to the lesser of (i) 60 times the Policy Issue Charge for the Initial Face Amount increase; or(ii) the sum of any remaining Policy Issue Charges for the Initial Face Amount or Face Amount increase multiplied by a factor of 2, as applicable. |
Charge | When Charge is Deducted | Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Maximum Surrender Charge | On a Policy with a $100,000 Face Amount, if you surrender the Policy within the first 10 Policy Years or during the first 10 years following an increase in Face Amount, you could pay a Surrender Charge of up to $6,000, representing a charge of 6 percent of the Policy’s Face Amount. | On a Policy with a $100,000 Face Amount, if you surrender the Policy within the first 10 Policy Years or during the first 10 years following an increase in Face Amount, you could pay a Surrender Charge of up to $6,000, representing a charge of 6 percent of the Policy’s Face Amount. | |
Partial Surrender Transaction Charge | Upon partial surrender, expressed as a percentage of amount surrendered | 2 percent, not to exceed $25 | 2 percent, not to exceed $25 |
Transfer Transaction Charge | Upon transfer | $25 for each transfer | Currently, no transfer transaction charge is assessed |
Overloan Protection Agreement | |||
Maximum Charge(2) | Upon exercise of Agreement, expressed as a percentage of Policy Accumulation Value upon exercise of Agreement | 7 percent of Policy Accumulation Value upon exercise of Agreement | 5 percent |
(1) | The premium charge includes premium taxes that we are required to pay to the state in which this policy is issued, which may range from 0 percent to 2.5 percent. |
(2) | The maximum Overloan Protection Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 70. |
Charge | When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Monthly Policy Charge | Monthly, expressed as an amount of Face Amount | $12 plus $0.0125 per $1,000 | $8 |
Policy Issue Charge(1) | |||
Maximum Charge(2) | Monthly, within the first ten Policy Years, and within the first ten years of an increase in Face Amount, expressed as an amount of Initial Face Amount or Face Amount increase | $0.53 per $1,000 | $0.53 per $1,000 |
Minimum Charge(3) | Monthly, within the first ten Policy Years, and within the first ten years of an increase in Face Amount, expressed as an amount of Initial Face Amount or Face Amount increase | $0.04 per $1,000 | $0.04 per $1,000 |
Charge for Insured Age 35 in Male, Preferred Select Non-Tobacco Risk Class, with Increasing Option Death Benefit | Monthly, within the first ten Policy Years, and within the first ten years of an increase in Face Amount, expressed as an amount of Initial Face Amount or Face Amount increase | $0.19 per $1,000 | $0.19 per $1,000 |
Cost of Insurance Charge(4) | |||
Maximum Charge | Monthly, expressed as an amount of Net Amount at Risk | $83.33 per $1,000 | $70.00 per $1,000 |
Minimum Charge | Monthly, expressed as an amount of Net Amount at Risk | $0.015 per $1,000(5) | $.005 per $1,000 |
Charge for Insured Age 35 in Male, Preferred Select Non-Tobacco Risk Class | Monthly, expressed as an amount of Net Amount at Risk | $0.14 per $1,000 | $0.03 per $1,000 |
Mortality and Expense Risk Charge | Monthly, expressed as a percentage of Policy Accumulation Value | 0.90
percent annually (0.075 percent monthly) |
0.36 percent annually (.03 percent monthly) in Policy Years 1-10, and no charge thereafter |
Cash Extra Charge(6) | |||
Maximum Charge | Monthly, expressed as an amount of Face Amount | $100 per $1,000 | $100 per $1,000 |
Minimum Charge | Monthly | $0 | $0 |
Charge | When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Charge for Insured Age 35 in Male, Preferred Select Non-Tobacco Risk Class | Monthly, expressed as an amount of Initial Face Amount | $0.01 per $1,000 | $0.01 per $1,000 |
Net Loan Interest Charge(7) | Annually, on each Policy Anniversary, and upon a policy loan transaction, full surrender, policy Termination or death of the Insured | The net loan interest we charge is 1.0 percent. | The net loan interest we charge depends upon how long the policy has been in force. For policies in force less than or equal to ten years, the net loan interest charge is 1.0 percent. For policies in force for more than ten years, the net loan interest charge is 0.10 percent.(9) |
(1) | The Policy Issue Charge varies based on the insured's gender, Risk Class, Age, policy Face Amount, and the Death Benefit option chosen. For policies that are terminated or fully surrendered within the first ten years after Policy issue or within ten years of an increase in Face Amount, we will assess a surrender charge equal to the lesser of 60 times the Policy Issue Charge for the Initial Face Amount increase as applicable or the sum of any remaining Policy Issue Charges for the Initial Face Amount or Face Amount increase multiplied by a factor of 1.4, as applicable. |
(2) | The maximum Policy Issue Charge assumes that the insured has the following characteristics: Male, Preferred Select Risk Class, Age 80, Level Option Death Benefit. |
(3) | The minimum Policy Issue Charge assumes that the insured has the following characteristics: Male, Preferred Non-Tobacco Risk Class, Age 0, Level Option Death Benefit. |
(4) | The Cost of Insurance Charge will vary based on the insured's gender, Risk Class, and Age. The Cost of Insurance Charges shown in the table may not be typical of the charges you will pay. |
(5) | The Net Amount at Risk is equal to the Death Benefit payable divided by the Net Amount at Risk divisor, as shown on the policy data pages of your Policy, minus Policy Accumulation Value. |
(6) | The Cash Extra Charge is uniquely determined for each insured and may vary based on such factors as the insured's gender, Risk Class and Age. See the Cash Extra Charge discussion in the section entitled “Policy Charges — Cash Extra Charges.” |
(7) | We charge interest on policy loans, but we also credit interest on the Loan Account value we hold as collateral on policy loans. The Net Policy Loan Interest Charge represents the difference (cost) between the gross loan interest rate charge of four percent (4.0 percent) and the interest credited on the Loan Account values, which is an annual rate of three percent (3.0 percent) for Policies held less than ten years and an annual rate of three and nine-tenths percent (3.9 percent) for Policies held more than ten years. |
Charge
for Agreement(1) |
When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Waiver of Premiums | |||
Maximum Charge(2) | Monthly, expressed as an amount of Face Amount | $0.51 per $1,000 | $0.51 per $1,000 |
Minimum Charge(3) | Monthly, expressed as an amount of Face Amount | $0.01 per $1,000 | $0.01 per $1,000 |
Charge
for Agreement(1) |
When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Charge for Insured Age 30 in Male, Standard Non-Tobacco Risk Class, with Increasing Option Death Benefit | Monthly, expressed as an amount of Face Amount | $0.035 per $1,000 | $0.035 per $1,000 |
Waiver of Charges | |||
Maximum Charge(4) | Monthly, expressed as an amount of Face Amount | $0.38 per $1,000 | $0.38 per $1,000 |
Minimum Charge(5) | Monthly, expressed as an amount of Face Amount | $0.01 per $1,000 | $0.01 per $1,000 |
Charge for Insured Age 30 in Male, Standard Non-Tobacco Risk Class, with Increasing Option Death Benefit | Monthly, expressed as an amount of Face Amount | $0.025 per $1,000 | $0.025 per $1,000 |
Death Benefit Guarantee** | |||
Maximum Charge(6) | Monthly, expressed as an amount of Net Amount at Risk | $83.33 per $1,000 | $7.00 per $1,000 |
Minimum Charge(7) | Monthly, expressed as an amount of Net Amount at Risk | $0.02 per $1,000 | $0.01 per $1,000 |
Charge for Insured Age 55 in Male, Preferred Select Non-Tobacco Risk Class, with Increasing Option Death Benefit | Monthly, expressed as an amount of Net Amount at Risk | $0.14 per $1,000 | $0.004 per $1,000 |
Term Insurance | |||
Maximum Charge(8) | Monthly, expressed as an amount of Net Amount at Risk | $83.33 per $1,000 | $22.57 per $1,000 |
Minimum Charge(9) | Monthly, expressed as an amount of Net Amount at Risk | $0.015 per $1,000 | $0.008 per $1,000 |
Charge for Insured Age 45 in Male, Preferred Select Non-Tobacco Risk Class, with Increasing Option Death Benefit | Monthly, expressed as an amount of Net Amount at Risk | $0.22 per $1,000 | $0.07 per $1,000 |
Family Term Insurance — Children | Monthly, expressed as an amount of coverage | $0.40 per $1,000 | $0.40 per $1,000 |
Interest Accumulation Agreement(10) | |||
Maximum Charge(11) | Monthly, expressed as an amount of increased Net Amount at Risk provided by this Agreement | $83.33 per $1,000 | $70.00 per $1,000 |
Charge
for Agreement(1) |
When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Minimum Charge(12) | Monthly, expressed as an amount of increased Net Amount at Risk provided by this Agreement | $.015 per $1,000 | $.005 per $1,000 |
Charge for Insured Age 60 in Male, Standard Non-Tobacco Risk Class | Monthly, expressed as an amount of increased Net Amount at Risk provided by this Agreement | $0.82 per $1,000 | $0.27 per $1,000 |
Early Values Agreement(13) | Monthly, expressed as a percentage of the Accumulation Value less policy loan | 0.60
percent annually (0.05 percent monthly) |
0.12
percent annually (0.01 percent monthly) |
Guaranteed Insurability Option(14) | |||
Maximum Charge(15) | Monthly, expressed as an amount of additional coverage | $0.192 per $1,000 | $0.192 per $1,000 |
Minimum Charge(16) | Monthly, expressed as an amount of additional coverage | $0.032 per $1,000 | $0.032 per $1,000 |
Charge for Insured Age 0 in Male, Preferred Non-Tobacco Risk Class | Monthly, expressed as an amount of additional coverage | $0.032 per $1,000 | $0.032 per $1,000 |
Long Term Care Agreement(17) | |||
Maximum Charge(18) | Monthly, expressed as an amount of long term care Net Amount at Risk | $3.619 per $1,000 | $2.353 per $1,000 |
Minimum Charge(19) | Monthly, expressed as an amount of long term care Net Amount at Risk | $0.014 per $1,000 | $0.00483 per $1,000 |
Charge for Insured Age 55 in Male, Standard Non-Tobacco Risk Class, 2 Percent Monthly Benefit Percentage | Monthly, expressed as an amount of long term care Net Amount at Risk | $0.287167 per $1,000 | $0.11 per $1,000 |
Inflation Agreement(20) | |||
Maximum Charge | Monthly | $5.00 | |
Minimum Charge | Monthly | $0.50 | |
Current Charge for all Insureds | Monthly | $0.83 | |
Business Continuation Agreement(21)*** | |||
Maximum Charge(22) | Monthly, expressed as an amount of additional insurance coverage | $0.328 per $1,000 | $0.328 per $1,000 |
Charge
for Agreement(1) |
When
Charge is Deducted |
Amount Deducted | |
Guaranteed Charge* | Current Charge | ||
Minimum Charge(23) | Monthly, expressed as an amount of additional insurance coverage | $0.0083 per $1,000 | $0.0083 per $1,000 |
Charge for Insured Male, Standard Non-Tobacco, Age 40, Designated Insured Male Non-Tobacco, Age 40 | Monthly, expressed as an amount of additional insurance coverage | $0.013 per $1,000 | $0.013 per $1,000 |
Guaranteed Insurability Option for Business(24)*** | |||
Maximum Charge(25) | Monthly, expressed as an amount of additional insurance coverage | $0.602 per $1,000 | $0.602 per $1,000 |
Minimum Charge(26) | Monthly, expressed as an amount of additional insurance coverage | $0.065 per $1,000 | $0.065 per $1,000 |
Charge for Insured Male Standard Non-Tobacco, Age 45 | Monthly, expressed as an amount of additional insurance coverage | $0.273 per $1,000 | $0.273 per $1,000 |
Accelerated Death Benefit for Chronic Illness Agreement(27) | |||
Maximum Charge(28) | Monthly, expressed as an amount of chronic illness Net Amount at Risk | $3.619 per $1,000 | $2.353 per $1,000 |
Minimum Charge(29) | Monthly, expressed as an amount of chronic illness Net Amount at Risk | $0.014 per $1,000 | $0.00483 per $1,000 |
Charge for Insured Age 55 in Male, Standard Non-Tobacco Risk Class, 2 Percent Monthly Benefit Percentage | Monthly, expressed as an amount of chronic illness Net Amount at Risk | $0.287167 per $1,000 | $0.11 per $1,000 |
(1) | The charge for the Waiver of Premiums Agreement, Waiver of Charges Agreement, Death Benefit Guarantee Agreement, Term Insurance Agreement, Interest Accumulation Agreement, Guaranteed Insurability Option, Long Term Care Agreement and Accelerated Death Benefit for Chronic Illness Agreement varies based on the insured's gender, Risk Class, Age, and Death Benefit option. |
(2) | The maximum Waiver of Premiums Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 59, Level Option Death Benefit. |
(3) | The minimum Waiver of Premiums Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Age 0, Level Option Death Benefit. |
(4) | The maximum Waiver of Charges Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 59, Increasing Option Death Benefit. |
(5) | The minimum Waiver of Charges Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Age 0, Level Option Death Benefit. |
(6) | The maximum Death Benefit Guarantee Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 120, Level Option Death Benefit. |
(7) | The minimum Death Benefit Guarantee Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Age 3, Level Option Death Benefit. |
(8) | The maximum Term Insurance Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 120, Level Option Death Benefit. |
(9) | The minimum Term Insurance Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Age 5, Level Option Death Benefit. |
(10) | There is no separate charge for choosing this Agreement. There will be a monthly charge once the Agreement is in force which will be the cost of insurance for the insured multiplied by the increased Net Amount at Risk resulting from the Interest Accumulation Agreement. |
(11) | The maximum Interest Accumulation Charge assumes that the insured has the following characteristics: Male, Standard Non-Tobacco, Age 120. |
(12) | The minimum Interest Accumulation Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Age 6. |
(13) | The minimum and maximum charge for the Early Values Agreement is not affected by the Age, Risk Class, gender or other characteristics of the insured. See the Early Values Agreement discussion in the section entitled “Supplemental Agreements.” |
(14) | The GIO charge varies based upon the insured's gender, Risk Class, Age and the amount of additional coverage layer that is elected when the GIO is purchased. See the Guaranteed Insurability Option discussion in the section entitled “Supplemental Agreements.” |
(15) | The maximum charge for this option assumes that the insured has the following characteristics: Male, Standard Non-Tobacco, Issue Age 37. |
(16) | The minimum charge for this option assumes that the insured has the following characteristics: Male, Standard Non-Tobacco, Issue Age 0. |
(17) | See the Long Term Care Agreement discussion in the section entitled “Supplemental Agreements.” |
(18) | The maximum Long Term Care Agreement Charge assumes that the insured has the following characteristics: Female, Standard Tobacco, Issue Age 80, 4 percent monthly benefit. |
(19) | The minimum Long Term Care Agreement Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Issue Age 20, 2 percent monthly benefit. |
(20) | The Inflation Agreement charge is the same for all genders, Risk Classes, and Ages. See the Inflation Agreement discussion in the section entitled “Supplemental Agreements.” |
(21) | The Business Continuation Agreement charge varies based upon the insured's Age and tobacco status. See the Business Continuation Agreement discussion in the section entitled “Supplemental Agreements.” |
(22) | The maximum Business Continuation Agreement Charge assumes that the insured has the following characteristics: Insured Male, Standard Tobacco, Age 55, Designated Insured Male Standard Tobacco, Age 70. |
(23) | The minimum Business Continuation Agreement Charge assumes that the insured has the following characteristics: Insured Male, Standard Non-Tobacco, Age 18, Designated Insured Male Non-Tobacco, Age 18. |
(24) | The Guaranteed Insurability Option for Business charge varies based upon the insured's Age and tobacco status. See the Guaranteed Insurability Option for Business discussion in the section entitled “Supplemental Agreements.” |
(25) | The maximum Guaranteed Insurability Option for Business Charge assumes that the insured has the following characteristics: Male, Standard Tobacco, Age 54. |
(26) | The minimum Guaranteed Insurability Option for Business Charge assumes that the insured has the following characteristics: Female, Standard Non-Tobacco, Age 18. |
(27) | See the Accelerated Death Benefit for Chronic Illness Agreement discussion in the section entitled “Supplemental Agreements.” |
(28) | The maximum Accelerated Death Benefit for Chronic Illness Agreement Charge assumes that the insured has the following characteristics: Female, Standard Tobacco, Issue Age 80, 4 percent monthly benefit. |
(29) | The minimum Accelerated Death Benefit for Chronic Illness Agreement Charge assumes that the insured has the following characteristics: Female, Preferred Non-Tobacco, Issue Age 20, 2 percent monthly benefit. |
* | Unless otherwise stated, the Guaranteed Charge is the maximum Periodic Charge that may be assessed under the Policy. |
** | The Death Benefit Guarantee Agreement is no longer available on Policies issued after May 16, 2015. |
*** | The Business Continuation Agreement and Guaranteed Insurability Option for Business Agreement are no longer available on Policies issued after August 17, 2018. |
Charge | Minimum | Maximum |
Total Annual Portfolio Operating Expenses (expenses that are deducted from Portfolio assets include management fees, distribution or service (12b-1) fees, and other expenses) | 0.76% | 1.30% |
(1) | If the Policy Owner is deemed to have engaged in “market-timing,” the Funds may assess redemption fees. See “Market-Timing and Disruptive Trading.” |
• | if the proposed change is contrary to state law or disapproved by state regulatory authorities on a determination that the change would be detrimental to the interests of Policy Owners, or |
• | if we determined that the change would be inconsistent with the investment objectives of the Funds or would result in the purchase of securities for the Funds which vary from the general quality and nature of investments and investment techniques utilized by other separate accounts created by us or any of our affiliates which have similar investment objectives. |
• | the Death Benefit, cash, and loan benefits under the Policy; |
• | investment options, including premium payment allocations; |
• | administration of elective options; and |
• | the distribution of reports to Owners. |
• | costs associated with processing and underwriting Applications, and with issuing and administering the Policy (including any Agreements); |
• | overhead and other expenses for providing services and benefits, and sales and marketing expenses, including compensation paid in connection with the sale of the Policies; and |
• | other costs of doing business, such as collecting premium payments, maintaining records, processing claims, effecting transactions, and paying federal, state, and local premium and other taxes and fees. |
• | that the cost of insurance charges we may assess are insufficient to meet our actual claims because insureds die sooner than we estimate; and |
• | that the costs of providing the services and benefits under the Policies exceed the charges we assess. |
1. | Monthly Policy Charge. The Monthly Policy Charge is currently $8 per month. The Monthly Policy Charge compensates us for certain administrative expenses we bear, including those attributable to the records we create and maintain for your Policy. |
2. | Policy Issue Charge. We assess a monthly Policy Issue Charge for the first ten years following issuance of the Policy and for the first ten years following any increase in Face Amount. The charge varies based upon the Age, gender and Risk Class of the insured. The Policy Issue Charge compensates us for our expenses of issuing, underwriting and distributing the Policy. The Policy Issue Charge for your Policy is shown on the policy data pages of the Policy. You may also ask your financial professional for an illustration showing the approximate Policy Issue Charge for the Policy Face Amount you are considering purchasing. |
3. | Cost of Insurance Charge. We assess a monthly Cost of Insurance Charge to compensate us for underwriting the Death Benefit. The charge depends on a number of variables (insured’s Age, gender, Risk Class, and Face Amount) that would cause it to vary from Policy to Policy and from monthly Policy Anniversary to monthly Policy Anniversary. We calculate the Cost of Insurance Charge separately for the Initial Face Amount and for any increase in Face Amount, each a coverage layer. If we approve an increase in your Policy’s Face Amount, a different Risk Class (and a different cost of insurance rate) may apply to the increase, based on the insured’s circumstances at the time of the increase in Face Amount. |
The cost of insurance charge for a coverage layer is the Net Amount at Risk for the coverage layer multiplied by the applicable cost of insurance rate. The Net Amount at Risk varies with investment performance, the payment of premiums and the assessment of policy charges. The Net Amount at Risk is equal to the Death Benefit payable divided by the Net Amount at Risk divisor, as shown on the data pages of your Policy, minus the Accumulation Value of the Policy. |
4. | Mortality and Expense Risk Charge. We assess a monthly Mortality and Expense Risk charge to compensate us for certain mortality and expense risks we assume. The mortality risk is that the insured will live for a shorter time than we project. The expense risk is that the expenses that we incur will exceed the administrative charge limits we set in the Policy. This charge currently is equal to a monthly rate of 0.030 percent of the Accumulation Value less the Loan Account value of the Policy in Policy Years one through ten. |
If this charge does not cover our actual costs, we may absorb any such loss. Conversely, if the charge more than covers actual costs, the excess is added to our surplus. We expect to profit from this charge and may use these profits for any lawful purpose including covering distribution expenses. | |
5. | Cash Extra Charge. We may assess a monthly charge to compensate us for providing the Death Benefit under the Policy where the insured presents a heightened or increased level of mortality risk. An insured may present increased mortality risk because of an outstanding medical condition (e.g., cancer that is in remission), or occupation or activity engaged in by the insured (e.g., skydiving). We will assess the Cash Extra Charge only for the period of time necessary to compensate us for the heightened mortality risk we would bear as a result of an insured’s outstanding medical condition, occupation or activity. The Cash Extra Charge, which is generally not applicable to most Policies, is uniquely determined for each insured and may vary based upon factors such as gender, Risk Class and Age. The charge is defined as a level cost per thousand dollars of Face Amount. If a Cash Extra Charge applies to your Policy, the amount of the charge will be shown on the policy data pages of the Policy. You may also ask your financial professional for an illustration showing the approximate Cash Extra Charge for the risk class you think may apply to the Policy you are considering purchasing. |
6. | Transaction Charges. We may assess certain transaction charges if you elect to make a policy change, take a partial surrender, or transfer Accumulation Value among the Sub-Accounts and the Guaranteed Interest Account. We assess transaction charges from the Accumulation Value of your Policy. |
a. | Policy Change Transaction Charge. We assess a Policy Change Transaction Charge to compensate us for expenses associated with processing a policy change such as an increase or decrease in Face Amount, a change in Death Benefit option or a change in your Risk Classification. Currently, the charge is $60 for each policy change. We guarantee the charge will not exceed $100. |
b. | Partial Surrender Transaction Charge. For each partial surrender, we assess a processing fee of 2 percent of the amount surrendered, up to $25, from the remaining Accumulation Value. The fee compensates us for the administrative costs in generating the withdrawal payment and in making all calculations which may be required because of the partial surrender. |
c. | Transfer Transaction Charge. The transfer transaction charge is guaranteed not to exceed $25. For purposes of assessing the charge, we consider all telephone, facsimile, written and/or online requests processed on the same day to be one transfer, regardless of the number of Sub-Accounts (or Guaranteed Interest Account) affected by the transfer(s). We currently do not assess a transfer transaction charge. |
7. | Surrender Charge. If your Policy terminates or you fully surrender your Policy during the first ten Policy Years or within 10 years after any increase in Face Amount, we assess a surrender charge from your Accumulation Value and pay the remaining amount (less any unpaid policy charges, outstanding policy loan and accrued interest) to you. The payment you receive is called the Surrender Value. |
The surrender charge equals 1.40 times the lesser of: (1) 60 times the Policy Issue Charge for the Initial Face Amount or the Face Amount increase as applicable, or (2) the sum of any remaining Policy Issue Charges for the Initial Face Amount or the Face Amount increase, as applicable, measured from policy Termination or full surrender to the end of the ten year surrender charge period. Increases in Face Amount have their own surrender charge penalty period. The Surrender Charge may be significant. You should carefully calculate these charges before you request a surrender or increase in Face Amount. Under some circumstances the level of Surrender Charges might result in no Surrender Value being available. | |
We assess the Surrender Charge to compensate us partially for the cost of administering, issuing, and selling the Policy, including agent sales commissions, the cost of printing the prospectuses and sales literature, any advertising costs, medical exams, review of Applications for insurance, processing of the Applications, establishing policy records, and policy issue. We do not expect Surrender Charges to cover all of these costs. To the extent that they do not, we will cover the short-fall from our General Account assets, which may include profits from the mortality and expense risk charge and cost of insurance charge. | |
For example, if you surrender your Policy within the first 10 Policy Years or during the first 10 years following an increase in Face Amount, you could pay a Surrender Charge of up to $6,000 based on a $100,000 Face Amount, representing a charge of 6% of the Policy’s Face Amount. |
8. | Charges for Agreements. We assess monthly charges for supplemental insurance benefits that you add to your Policy by agreement. Charges for the Agreements are described in the “Periodic Charges Other Than Investment Option Operating Expenses” table in the “Fee Tables” section of this prospectus. |
1. | first, from the most recent increase in Face Amount; |
2. | second, from other increases in Face Amount in the reverse order in which they were added; and |
3. | finally, the Initial Face Amount. |
State | Rider or Feature | Availability or Variation |
California | Initial Premium Allocations | The section titled “How are initial premiums allocated when your policy is issued” is amended and restated in its entirely to read as follows: |
Your net premiums will be placed in a fixed account or money market fund, unless you direct us otherwise, for a period of no more than 30 days after the policy is delivered to you. | ||
If you direct that the premium be invested in a stock or bond portfolio during the 30-day period, and if you return the policy during that period, you will be entitled to a refund of the policy’s account value on the day the policy is received. | ||
California | Conversion | The following section is added as the last paragraph of the Policy form: |
May this policy be converted? | ||
Yes. At any time during the first eighteen months of the variable life insurance policy, while the insured is still living, you may exchange this policy for a policy of permanent fixed benefits insurance that was offered by us on the date of issue of the variable life insurance policy and at the premium rates in effect on that date for the same class of insurance. The face amount for the new policy will be the same as the initial amount of insurance on the variable life insurance policy. The new policy shall bear the same date of issue and age at issue as the original variable life insurance policy. Such agreements as were included in the original policy shall be included in the new policy, if such agreements are issued with the fixed benefit policy. If the exchange results in an increase or decrease in account value, such increase or decrease will be payable to the insurer or the insured as the case may be. | ||
California | Accelerated Death Benefit for Chronic Illness Agreement | The Accelerated Death Benefit for Chronic Illness Agreement is not available for sale in the state of California. |
Florida | Restrictions on Transfers to and from General Account | Our ability to restrict transfers to and from our General Account for Policies issued in Florida include: (1) we many restrict the dollar amount of any transfer to the Guaranteed Interest Account to be no more than 20% of your Accumulation Value; and (2) we may restrict the amount of any fixed interest rate loan repayment allocated to the Guaranteed Interest Account to be no more than 20% of your outstanding loan balance. |
• | the dollar amount of the transfer(s); |
• | whether the transfers are part of a pattern of transfers that appears designed to take advantage of market inefficiencies; |
• | whether a Portfolio has requested that we look into identified unusual or frequent activity in the Portfolio; |
• | the number of transfers in the previous calendar quarter; and |
• | whether the transfers during a quarter constitute more than two “round trips” in a particular Portfolio. A round trip is a purchase into a Portfolio and a subsequent redemption out of the Portfolio, without regard to order. |
1. | the net asset value per share of a Fund share held in the Sub-Account of the Account determined at the end of the current valuation period; plus |
2. | the per share amount of any dividend or capital gain distributions by the Fund if the “ex-dividend” date occurs during the current valuation period; with the sum divided by |
3. | the net asset value per share of that Fund share held in the Sub-Account determined at the end of the preceding valuation period. |
Sub-Account | Annual
Unit Value Credit |
Delaware Ivy VIP Asset Strategy — Class II
Shares |
0.12 |
Delaware Ivy VIP Balanced — Class II
Shares |
0.12 |
Delaware Ivy VIP Core Equity — Class II
Shares |
0.12 |
Delaware Ivy VIP Corporate Bond — Class II
Shares |
0.12 |
Delaware Ivy VIP Energy — Class II
Shares |
0.12 |
Delaware Ivy VIP Global Equity Income — Class II
Shares |
0.12 |
Delaware Ivy VIP Global Growth — Class II
Shares |
0.12 |
Delaware Ivy VIP Growth — Class II
Shares |
0.12 |
Delaware Ivy VIP High Income — Class II
Shares |
0.12 |
Delaware Ivy VIP International Core Equity — Class II
Shares |
0.12 |
Delaware Ivy VIP Limited-Term Bond — Class II
Shares |
0.12 |
Delaware Ivy VIP Mid Cap Growth — Class II
Shares |
0.12 |
Delaware Ivy VIP Natural Resources — Class II
Shares |
0.12 |
Delaware Ivy VIP Science and Technology — Class II
Shares |
0.12 |
Delaware Ivy VIP Securian Real Estate Securities — Class II
Shares |
0.12 |
Delaware Ivy VIP Small Cap Growth — Class II
Shares |
0.12 |
Delaware Ivy VIP Smid Cap Core — Class II
Shares |
0.12 |
Delaware Ivy VIP Value — Class II
Shares |
0.12 |
Delaware Ivy VIP Pathfinder Aggressive — Class II
Shares |
0.12 |
Delaware Ivy VIP Pathfinder Moderately Aggressive — Class II
Shares |
0.12 |
Delaware Ivy VIP Pathfinder Moderate — Class II
Shares |
0.12 |
Delaware Ivy VIP Pathfinder Moderately Conservative — Class II
Shares |
0.12 |
Delaware Ivy VIP Pathfinder Conservative — Class II
Shares |
0.12 |
SFT International Bond — Class
2 |
0.00 |
Goldman Sachs VIT Government Money Market — Service Shares
|
0.00 |
• | the Net Premiums you allocate to the Guaranteed Interest Account; |
• | plus, any interest credited thereto, any loan repayments, any transfers of Accumulation Value from the Sub-Accounts of the Variable Account and any allocation of Loan Account interest; and |
• | less, any policy loans, partial surrenders, transfers of Accumulation Value to the Sub-Accounts of the Variable Account and policy charges. |
• | all policy loans less all policy loan repayments; |
• | plus, any Loan Account interest; and |
• | less, any Loan Account interest allocated to the Guaranteed Interest Account or the Variable Account. |
• | the Death Benefit (described below); |
• | plus any additional insurance on the insured’s life under the Term Insurance Agreement; |
• | plus under the Level Option Death Benefit, any premium paid after the date of the insured’s death; |
• | plus any additional insurance on the insured’s life under the Interest Accumulation Agreement; |
• | plus, for policies issued prior to April 29, 2011, any assessed monthly charges for the period after the insured’s death; |
• | minus any amounts paid under the Long Term Care Agreement; |
• | minus any unpaid monthly charges; |
• | minus any outstanding policy loan; |
• | minus any accrued loan interest. |
1. | the Face Amount on the insured’s date of death; or |
2. | a specified “limitation percentage,” called the Guideline Premium Test Death Benefit Percentage Factor (GPT DBPF) on your Policy’s data pages, multiplied by the Accumulation Value on the insured’s date of death. |
Age | Limitation Percentage | |
40 and under | 250% | |
41 to 45 | 250% minus 7% for each year over Age 40 | |
46 to 50 | 215% minus 6% for each year over Age 45 | |
51 to 55 | 185% minus 7% for each year over Age 50 | |
56 to 60 | 150% minus 4% for each year over Age 55 | |
61 to 65 | 130% minus 2% for each year over Age 60 | |
66 to 70 | 120% minus 1% for each year over Age 65 | |
71 to 75 | 115% minus 2% for each year over Age 70 | |
76 to 90 | 105% | |
91 to 95 | 105% minus 1% for each year over Age 90 | |
96 to 121 | 100% |
1. | the Face Amount on the date of the insured’s death; or |
2. | the amount required for the Policy to qualify as a life insurance policy under Code Section 7702. |
1. | the Face Amount plus the Accumulation Value on the insured’s date of death; or |
2. | the limitation percentage (the GPT DBPF) multiplied by the Accumulation Value on the insured’s date of death. |
1. | the Face Amount plus the Accumulation Value on the insured’s date of death; or |
2. | the amount required for the Policy to qualify as a life insurance policy under Code Section 7702. |
1. | the Face Amount plus the sum of all premiums paid less all partial surrenders; or |
2. | the limitation percentage (the GPT DBPF) multiplied by the Accumulation Value on the insured’s date of death. |
1. | the Face Amount plus the sum of all premiums paid less all partial surrenders; or |
2. | the amount required for the Policy to qualify as a life insurance policy under Code Section 7702. |
• | You must send your Written Request in Good Order to our Home Office. |
• | The effective date of the change will be the monthly Policy Anniversary on or following the date we approve your request for a change in Good Order. |
• | Changing your Death Benefit option may cause you to receive taxable income, may cause your Policy to become a MEC or may have other unintended adverse federal tax consequences. See “Federal Tax Status.” You should consult a tax adviser before changing your Policy’s Death Benefit option. |
• | you must send your Written Request in Good Order to our Home Office; |
• | decreases are only allowed if the most recent coverage layer has been in force for at least one year; |
• | we require your requested decrease in Face Amount to be at least $5,000; |
• | you may not decrease your Face Amount if it would disqualify your Policy as life insurance under the Code; |
• | if the decrease in Face Amount would cause your Policy to be classified a MEC under the Code, we will not allow the decrease in Face Amount, unless you specifically instruct us in writing that you intend for the Policy to be classified as a MEC; and |
• | a decrease in Face Amount will take effect on the first monthly Policy Anniversary on or after we receive and approve your Written Request. |
• | your request must be applied for on a supplemental Application and must include evidence of insurability satisfactory to us; |
• | a requested increase in Face Amount requires our approval and will take effect on the first monthly Policy Anniversary on or after the day we approve your request; |
• | increases are only allowed after the first Policy Year; |
• | we require your requested increase in Face Amount to be at least $5,000; |
• | each increase in Face Amount will have its own surrender charge that applies for 15 years after the date of the increase; and |
• | increases made under the Guaranteed Insurability Option, the Guaranteed Insurability Option for Business, the Business Continuation Agreement, or the Inflation Agreement will be processed according to the provisions of those Agreements and will not require evidence of insurability. |
Name of Benefit | Purpose | Is
Benefit Standard or Optional |
Brief
Description of Restrictions/Limitations |
Accelerated Death Benefit for Chronic Illness Agreement | Allows the Policy Owner to accelerate the Death Benefit in the event the insured meets the requirements for being chronically ill | Optional | No longer available to purchase |
Accelerated Death Benefit for Terminal Illness Agreement | Allows the Policy Owner to accelerate the Death Benefit in the event the insured is terminally ill | Optional | No longer available to purchase |
Business Continuation Agreement | Guarantees the Policy Owner the right to increase the Face Amount of the Policy upon the death of a designated person | Optional | No longer available to purchase |
Name of Benefit | Purpose | Is
Benefit Standard or Optional |
Brief
Description of Restrictions/Limitations |
Death Benefit Guarantee Agreement | Provides that under certain situations the Policy will remain in force even if the Accumulation Value is not sufficient to cover monthly charges when due | Optional | No longer available to purchase |
Early Values Agreement | Waives the Surrender Charge that would ordinarily apply to the Policy | Optional | No longer available to purchase |
Family Term — Children | Provides fixed level term insurance for insured’s children | Optional | No longer available to purchase |
Guaranteed Insurability Option Agreement | Guarantees the Policy Owner the right to purchase additional amounts of insurance on the insured’s life without providing evidence of insurability | Optional | No longer available to purchase |
Guaranteed Insurability Option for Business Agreement | Guarantees a business Policy Owner the right to purchase additional amounts of insurance on the insured’s life on specified dates without providing evidence of insurability | Optional | No longer available to purchase |
Inflation Agreement | Allows for Cost of Living increases in the Face Amount of the Policy without providing evidence of the insured’s insurability | Optional | No longer available to purchase |
Interest Accumulation Agreement | Provides an additional Death Benefit for Policy Owners that have elected the Sum of Premiums Death Benefit option | Optional | No longer available to purchase |
Long Term Care Agreement | Allows the Policy Owner to accelerate the Death Benefit in the event the insured meets the requirements for being chronically ill | Optional | No longer available to purchase |
Name of Benefit | Purpose | Is
Benefit Standard or Optional |
Brief
Description of Restrictions/Limitations |
Overloan Protection Agreement | Provides protection against Policy Termination in the event Policy Charges exceed the Policy Accumulation Value | Optional | • Policy Owner must elect the Guideline Premium Test |
• Cannot have exercised the Accelerated Death Benefit for Terminal Illness, or have waived charges or Premiums under the Waiver of Premium or Waiver of Charges Agreements | |||
Premium Deposit Account Agreement | Provides the Policy Owner with an option to deposit funds into an account to ensure that planned Premium payments are made on the Policy Anniversary | Optional | May only have one Premium Deposit Account per Policy |
Term Insurance Agreement | Provides additional term insurance on the life of the insured | Optional | No longer available to purchase |
Waiver of Charges Agreement | Provides for waiver of monthly charges in the event of the insured’s total and permanent disability | Optional | No longer available to purchase |
Waiver of Premium Agreement | Provides monthly premium payments in the event of the insured’s total and permanent disability | Optional | No longer available to purchase |
Other Policy Features | |||
Dollar Cost Averaging | Allows for allocation of money from the General Account to Sub-Accounts evenly over a period of time | Optional | Dollar cost averaging transfers will only take place on the third Friday of every month |
Rebalancing | Automatically reallocates money among each of the chosen Sub-Accounts on set dates throughout the year | Optional | Rebalancing is subject to our limitations on market-timing and frequent trading activities and Portfolio limitations on the frequent purchase and redemption of shares |
Systematic Transfers | Automatically transfers money from one Sub-Account to one or more other Sub-Accounts on specified dates | Optional | Systematic transfers are subject to our limitations on market-timing and frequent trading activities and Portfolio limitations on the frequent purchase and redemption of shares |
1. | The monthly benefit percentage you chose times the LTC amount in effect; or |
2. | The per diem amount allowed by the Health Insurance Portability and Accountability Act times the number of days in the month. |
Anniversary
Nearest Insured’s Age |
Percentage | |
Prior to Age 76 | 100% | |
Age 76 | 80% | |
Age 77 | 60% | |
Age 78 | 40% | |
Age 79 | 20% | |
Age 80 | 0% |
(1) | proof satisfactory to us of the designated life’s death; and |
(2) | a completed Application for the new coverage layer. |
(1) | the date the policy is surrendered or terminated; or |
(2) | the date we receive a Written Request to cancel the Agreement; or |
(3) | the date of the death of the insured; or |
(4) | the end of the Option Period following the death of the last designated life; or |
(5) | the Policy Anniversary nearest the insured’s 80th birthday. |
(1) | the last available Option Date (described below); or |
(2) | the date the policy is surrendered or terminated; or |
(3) | the date we receive your Written Request to cancel this Agreement; or |
(4) | the date of the insured’s death. |
Option Dates | ||||||||||||
Issue Age | 22 | 25 | 28 | 31 | 34 | 37 | 40 | 43 | 46 | 49 | 52 | 55 |
18-21 | √ | √ | √ | √ | √ | |||||||
22-24 | √ | √ | √ | √ | √ | |||||||
25-27 | √ | √ | √ | √ | √ | |||||||
28-30 | √ | √ | √ | √ | √ | |||||||
31-33 | √ | √ | √ | √ | √ | |||||||
34-36 | √ | √ | √ | √ | √ | |||||||
37-39 | √ | √ | √ | √ | √ | |||||||
40-42 | √ | √ | √ | √ | √ | |||||||
43-45 | √ | √ | √ | √ | ||||||||
46-48 | √ | √ | √ | |||||||||
49-51 | √ | √ | ||||||||||
52 | √ |
Annual
Premium Payment Year |
Annual
Premium to be Paid |
Amount
Withdrawn from PDA |
Taxable
Interest Earned | |||
2 | $10,000.00 | $9,732.36 | $267.64 | |||
3 | $10,000.00 | $9,471.88 | $528.12 | |||
4 | $10,000.00 | $9,218.38 | $781.62 | |||
5 | $10,000.00 | $8,971.66 | $1,028.34 | |||
6 | $10,000.00 | $8,731.54 | $1,268.46 | |||
7 | $10,000.00 | $8,497.85 | $1,502.15 | |||
8 | $10,000.00 | $8,270.41 | $1,729.59 | |||
9 | $10,000.00 | $8,049.06 | $1,950.94 | |||
10 | $10,000.00 | $7,833.64 | $2,166.36 |
1. | The monthly benefit percentage you chose times the Chronic Illness Death Benefit Amount in effect; or |
2. | The per diem amount allowed by the Health Insurance Portability and Accountability Act times the number of days in the month. |
• | on a policy loan transaction; |
• | on each Policy Anniversary; |
• | on surrender or Termination of the Policy; or |
• | on the date of the death of the insured. |
1. | your Written Request in Good Order to reinstate the Policy; |
2. | that you submit to us at our Home Office during the insured’s lifetime evidence satisfactory to us of the insured’s insurability so that we may have time to act on the evidence during the insured’s lifetime; |
3. | a payment sufficient to cover all monthly charges and Policy Loan Interest due and unpaid during the Grace Period; and |
4. | a premium sufficient to keep the Policy in force for three (3) months after the date of the reinstatement. |
1. | All distributions other than Death Benefits, including distributions upon surrender and withdrawals, from a MEC will be treated first as distributions of gain taxable as ordinary income and as tax-free recovery of the Policy Owner’s investment in the Policy only after all gain has been distributed. |
2. | Loans taken from or secured by a Policy classified as a MEC are treated as distributions and taxed accordingly. |
3. | A 10 percent additional income tax is imposed on the amount subject to tax except where the distribution or loan is made when the Policy Owner has attained Age 59½ or is disabled, or where the distribution is part of a series of substantially equal periodic payments for the life (or life expectancy) of the Policy Owner or the joint lives (or joint life expectancies) of the Policy Owner and the Policy Owner’s Beneficiary or designated Beneficiary. |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Goldman Sachs Variable Insurance Trust | |||||
Seeks to maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity by investing exclusively in high quality money market instruments. |
Goldman Sachs VIT Government Money Market Fund – Service Shares Investment Adviser: Goldman Sachs Asset Management, L.P. |
0.43%² | 0.01% | 0.82% | 0.42% |
Ivy Variable Insurance Portfolios | |||||
To seek to provide total return. |
Delaware Ivy VIP Asset Strategy – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.87%² | 10.44% | 11.36% | 8.01% |
To seek to provide total return through a combination of capital appreciation and current income. |
Delaware Ivy VIP Balanced – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
1.00% | 15.97% | 11.73% | 10.16% |
To seek to provide capital growth and appreciation. |
Delaware Ivy VIP Core Equity – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
0.95%² | 28.94% | 18.82% | 15.53% |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
To seek to provide current income consistent with preservation of capital. |
Delaware Ivy VIP Corporate Bond – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.76% | -0.85% | 4.72% | 3.56% |
To seek to provide capital growth and appreciation. |
Delaware Ivy VIP Energy – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.22% | 42.00% | -11.79% | -4.25% |
To seek to provide total return through a combination of current income and capital appreciation. |
Delaware Ivy VIP Global Equity Income – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.01% | 16.97% | 8.69% | 9.86% |
To seek to provide growth of capital. |
Delaware Ivy VIP Global Growth – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.13%² | 17.86% | 15.87% | 11.52% |
To seek to provide growth of capital. |
Delaware Ivy VIP Growth – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
0.99% | 30.03% | 25.13% | 19.06% |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
To seek to provide total return through a combination of high current income and capital appreciation. |
Delaware Ivy VIP High Income – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.95% | 6.06% | 5.48% | 6.60% |
To seek to provide capital growth and appreciation. |
Delaware Ivy VIP International Core Equity – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.16% | 14.18% | 8.01% | 7.77% |
To seek to provide current income consistent with preservation of capital. |
Delaware Ivy VIP Limited-Term Bond – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.79% | -0.49% | 2.00% | 1.66% |
To seek to provide growth of capital. |
Delaware Ivy VIP Mid Cap Growth – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.10%² | 16.36% | 24.85% | 17.05% |
To seek to provide capital growth and appreciation. |
Delaware Ivy VIP Natural Resources – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.21% | 26.68% | -0.72% | -1.21% |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
To seek to provide growth of capital. |
Delaware Ivy VIP Science and Technology – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.14% | 15.17% | 23.88% | 19.46% |
To seek to provide total return through capital appreciation and current income. |
Delaware Ivy VIP Securian Real Estate Securities – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Securian Asset Management, Inc. |
1.21%² | 43.68% | 11.50% | 11.30% |
To seek to provide growth of capital. |
Delaware Ivy VIP Small Cap Growth – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.14%² | 3.99% | 15.83% | 12.85% |
To seek to provide capital appreciation. |
Delaware Ivy VIP Smid Cap Core – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.17% | 20.78% | 10.35% | 12.94% |
To seek to provide capital appreciation. |
Delaware Ivy VIP Value – Class II Shares Investment Adviser: Delaware Management Company Subadviser: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.00% | 31.18% | 12.02% | 12.89% |
To seek to provide growth of capital consistent with a more aggressive level of risk as compared to the other Ivy VIP Pathfinder Portfolios. |
Delaware Ivy VIP Pathfinder Aggressive – Class II Shares* Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
1.02% | 18.93% | 14.24% | 11.83% |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
To seek to provide growth of capital, but also to seek income consistent with a moderately aggressive level of risk as compared to the other Ivy VIP Pathfinder Portfolios. |
Delaware Ivy VIP Pathfinder Moderately Aggressive – Class II Shares* Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.97% | 16.88% | 12.68% | 10.55% |
To seek to provide total return consistent with a moderate level of risk as compared to the other Ivy VIP Pathfinder Portfolios. |
Delaware Ivy VIP Pathfinder Moderate – Class II Shares* Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.94% | 14.66% | 11.46% | 9.45% |
To seek to provide growth of capital consistent with a moderately conservative level of risk as compared to the other Ivy VIP Pathfinder Portfolios. |
Delaware Ivy VIP Pathfinder Moderately Conservative – Class II Shares* Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.92% | 12.37% | 10.35% | 8.41% |
To seek to provide total return consistent with a conservative level of risk as compared to the other Ivy VIP Pathfinder Portfolios. |
Delaware Ivy VIP Pathfinder Conservative – Class II Shares* Investment Adviser: Delaware Management Company Subadviser: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Global Limited, and Macquarie Investment Management Europe Limited |
0.92% | 10.18% | 9.06% | 7.29% |
Investment Objective | Portfolio Company and Adviser/Subadviser | Current Expenses1 | Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Securian Funds Trust | |||||
Seeks to maximize current income, consistent with the protection of principal. |
SFT International Bond Fund – Class 2 Shares Investment Adviser: Securian Asset Management, Inc. Subadviser: Brandywine Global Investment Management, LLC |
1.29% | -4.02% | -1.33% | 0.88% |
1 | Current Expenses are each Fund's total annual operating expenses. |
2 | This Fund's Current Expenses reflect a temporary expense reimbursement or fee waiver arrangements that are in place and reported in the Fund's prospectus. |
* | Investments in one of the Delaware Ivy VIP Pathfinder Portfolios, funds which utilize a Fund of Funds arrangement, may incur higher expenses than investments in underlying funds that invest directly in debt and equity securities. |
• | amendments or endorsements; |
• | supplemental Applications; or |
• | reinstatement Applications. |
W&R Accumulator VUL | 1 |
W&R Accumulator VUL | 2 |
W&R Accumulator VUL | 3 |
W&R Accumulator VUL | 4 |
• | If the Death Benefit option is Level, we apply any remaining Accumulation Value to the last (most recently added) coverage layer. Note that this layer would be the “worst” Underwriting Class. Thus by allocating all the excess to this layer, the Policy Owner would have the lowest Cost of Insurance charge. |
• | If the Death Benefit option is the Increasing Option, we cycle through the coverage layers again, in order, and fill up each of the coverage layers to the point where we would otherwise need to increase the Death Benefit to satisfy the minimum IRC Section 7702 requirements. If, after cycling through all coverage layers, there is still Accumulation Value remaining, we allocate the remaining amount to the last coverage layer. |
W&R Accumulator VUL | 5 |
W&R Accumulator VUL | 6 |
Name
and Principal Business Address |
Position
and Offices with Minnesota Life | |
Erich
J. Axmacher Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President, Corporate Compliance Officer and Chief Privacy Officer | |
Barbara
A. Baumann Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Vice President – Business Services | |
Peter
G. Berlute Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Senior Vice President – Enterprise Technology | |
Michael
P. Boyle Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President – Law | |
Mary
K. Brainerd 1823 Park Avenue Mahtomedi, MN 55115 |
Director | |
Kimberly
K. Carpenter Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President – CCO Individual Solutions | |
George
I. Connolly Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Executive Vice President – Individual Solutions | |
Robert
J. Ehren Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Senior Vice President – Business Services | |
Kristin
M. Ferguson Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President and Actuary – CFO Individual Solutions | |
Benjamin
G. S. Fowke III Chairman, President and CEO Xcel Energy, Inc. 414 Nicollet Mall, 401-9 Minneapolis, MN 55401 |
Director | |
Siddharth
S. Gandhi Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Senior Vice President – Employee Benefit Solutions |
Name
and Principal Business Address |
Position
and Offices with Minnesota Life | |
Sara
H. Gavin President, North America Weber Shandwick 510 Marquette Avenue 13F Minneapolis, MN 55402 |
Director | |
Mark
J. Geldernick Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Vice President – Affinity Solutions | |
Eric
B. Goodman 101 North 7th Street Suite 202 Louisville, KY 40202 |
Director | |
William
M. Gould Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Executive Vice President – Affinity Solutions | |
Christopher
M. Hilger Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Director, Chairman of the Board, President and CEO | |
Ann
McGarry Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President – Marketing | |
Renee
D. Montz Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Director, Attorney-in-Fact, Senior Vice President, General Counsel and Secretary | |
Susan
M. Munson-Regala Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Vice President and Actuary – CFO Group Benefits | |
Ted
J. Nistler Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President and Treasurer | |
Kent
O. Peterson Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President and Actuary – CFO Retirement Solutions | |
Meagan
M. Phillips Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President and Chief Risk Officer | |
Trudy
A. Rautio 5000 France Avenue South #23 Edina, MN 55410-2060 |
Director | |
Robert
L. Senkler 557 Portsmouth Court Naples, FL 34110 |
Director |
Name
and Principal Business Address |
Position
and Offices with Minnesota Life | |
Bruce
P. Shay Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Executive Vice President | |
Mark
W. Sievers Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President – Chief Audit Executive | |
Mary
L. Streed Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Second Vice President – HRBP & Associate Experience | |
Katia
O. Walsh Chief Strategy and Artificial Intelligence Officer, Global Leadership Team Levi Strauss & Co. 115 Battery Street San Francisco, CA 94111 |
Director | |
Kevin
F. Warren Commissioner Big Ten Conference 5440 Park Place Rosemont, IL 60018 |
Director | |
John
A. Yaggy Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Vice President, Controller and Chief Accounting Officer | |
Warren
J. Zaccaro Minnesota Life Insurance Company 400 Robert Street North St. Paul, MN 55101 |
Director, Executive Vice President and CFO |
(a) | Securian Financial Services, Inc. currently acts as a principal underwriter for the following investment companies: |
(b) | The name and principal business address, positions and offices with Securian Financial Services, Inc., and positions and offices with Registrant of each director and officer of Securian Financial Services, Inc. is as follows: |
Name
and Principal Business Address |
Positions
and Offices with Underwriter | |
Kimberly
K. Carpenter Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Executive Vice President, Chief Compliance Officer, Anti-Money Laundering Compliance Officer and Chief Information Officer | |
George
I. Connolly Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
President, Chief Executive Officer and Director | |
Theresa
L. Crist Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Vice President | |
Kristin
M. Ferguson Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Vice President, Chief Financial Officer, Treasurer and Financial Operations Principal | |
Greg
A. Grotewold Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Vice President | |
Jeffrey
D. McGrath Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Vice President | |
Lisa
L. Stopfer Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Vice President | |
Warren
J. Zaccaro Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Director | |
Kjirsten
G. Zellmer Securian Financial Services, Inc. 400 Robert Street North St. Paul, MN 55101 |
Executive Vice President – Strategy and Business Operations, Principal Business Officer – Financial Operations Principal |
(c) | All commissions and other compensation received by each principal underwriter, directly or indirectly, from the Registrant during the Registrant’s last fiscal year: |
Name
of Principal Underwriter |
Net
Underwriting Discounts and Commissions |
Compensation
on Redemption |
Brokerage
Commissions |
Other
Compensation | ||||
Securian Financial Services, Inc. | $43,727,770 | — | — | — |
Signature | Title | Date | ||
*
Renee D. Montz |
Director | |||
*
Trudy A. Rautio |
Director | |||
*
Bruce P. Shay |
Director | |||
*
Katia O. Walsh |
Director | |||
*
Kevin F. Warren |
Director | |||
*
Warren J. Zaccaro |
Director | |||
/s/
Warren J. Zaccaro Warren J. Zaccaro |
Executive Vice President and Chief Financial Officer (chief financial officer) | April 27, 2022 | ||
/s/
John A. Yaggy John A. Yaggy |
Vice President and Controller (chief accounting officer) | April 27, 2022 | ||
/s/
Ted J. Nistler Ted J. Nistler |
Second Vice President and Treasurer (treasurer) | April 27, 2022 | ||
/s/
Renee D. Montz Renee D. Montz |
Director, Attorney-in-Fact, Senior Vice President, General Counsel and Secretary | April 27, 2022 |
Exhibit
Number |
Description of Exhibit | |
30 (j) | Not Applicable. | |
30 (k) | Opinion and Consent of Thomas P. Trier. | |
30 (l) | Not Applicable. | |
30 (m) | Not Applicable. | |
30 (n) | Consent of KPMG. | |
30 (o) | Not Applicable. | |
30 (p) | Not Applicable. | |
30 (q) | Redeemability exemption, previously filed on December 15, 2021 as Exhibit 26(q) to Minnesota Life Individual Variable Universal Life Account's Form N-6, File Number 333-148646, Post-Effective Amendment Numbers 29 and 94, is hereby incorporated by reference. | |
30 (r) | Not Applicable. | |
30 (s) | Minnesota Life Insurance Company - Power of Attorney to Sign Registration Statements. |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/31/25 | ||||
Effective on: | 4/29/22 | 485BPOS | ||
Filed on: | 4/27/22 | 485BPOS | ||
12/31/21 | 24F-2NT, N-CEN, N-VPFS | |||
12/14/21 | ||||
12/31/20 | 24F-2NT, N-CEN, N-VPFS | |||
8/17/18 | ||||
12/31/17 | 24F-2NT, NSAR-U | |||
8/22/15 | 485BPOS | |||
5/16/15 | ||||
1/30/15 | ||||
8/19/13 | ||||
4/29/11 | 485BPOS | |||
6/11/07 | ||||
7/30/02 | ||||
10/1/98 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/26/24 Minnesota Life Individual V… Acct 485BPOS 5/01/24 7:2.2M Donnelley … Solutions/FA 8/30/23 Minnesota Life Individual V… Acct 485BPOS 8/30/23 5:1.9M Donnelley … Solutions/FA 4/27/23 Minnesota Life Individual V… Acct 485BPOS 5/01/23 6:2.1M Donnelley … Solutions/FA |