Minnesota Life Individual Variable Universal Life Account, et al. – ‘485APOS’ on 2/27/15 – ‘EX-99.26D16’

On:  Friday, 2/27/15, at 9:21am ET   ·   Private-to-Public:  Document/Exhibit ¶  –  Release Delayed   ·   Accession #:  1193125-15-67570   ·   File #s:  811-22093, 333-183590

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485APOS     Post-Effective Amendment                             121    613K 
17: CORRESP   ¶ Comment-Response or Other Letter to the SEC            2±    10K 
18: CORRESP   ¶ Comment-Response or Other Letter to the SEC            2±     2K 
 2: EX-99.26D11  Miscellaneous Exhibit                                 2     14K 
 3: EX-99.26D16  Miscellaneous Exhibit                                 4±    19K 
 4: EX-99.26D17  Miscellaneous Exhibit                                 4±    17K 
 5: EX-99.26E   Miscellaneous Exhibit                                  6     44K 
 6: EX-99.26E2  Miscellaneous Exhibit                                  3±    14K 
 7: EX-99.26E3  Miscellaneous Exhibit                                  3±    15K 
 8: EX-99.26E4  Miscellaneous Exhibit                                  5     39K 
 9: EX-99.26E5  Miscellaneous Exhibit                                  6     45K 
10: EX-99.26E6  Miscellaneous Exhibit                                  3     16K 
11: EX-99.26E7  Miscellaneous Exhibit                                  3     18K 
12: EX-99.26K   Miscellaneous Exhibit                                  2±    11K 
13: EX-99.26L   Miscellaneous Exhibit                                  2±    11K 
14: EX-99.26M   Miscellaneous Exhibit                                  2±    12K 
15: EX-99.26N   Miscellaneous Exhibit                                  1      7K 
16: EX-99.26R   Miscellaneous Exhibit                                  2     18K 

‘EX-99.26D16’   —   Miscellaneous Exhibit

EX-99.26D16
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                                                             Exhibit 26(d)(16)

BUSINESS CONTINUATION AGREEMENT                                                 
--------------------------------------------------------------------------------

This agreement is a part of the        HOW DO YOU EXERCISE THIS RIGHT?          
policy to which it is attached and is                                           
subject to all its terms and           You must notify us in writing that       
conditions. This agreement is          you are exercising your right to add     
effective as of the agreement          a new coverage layer. You must also      
effective date shown on the policy     send us:                                 
data pages.                                                                     
                                       (1) proof satisfactory to us of the
WHAT DOES THIS AGREEMENT PROVIDE?             designated life's death; and      

This agreement gives you the right to     (2) a completed application for the   
increase the face amount of this              new coverage layer.               
policy, without evidence of                                                     
insurability, at the death of a        We must receive these requirements in    
designated life. The increase in face  good order in our home office within     
amount will create a new coverage      the Option Period.                       
layer.                                                                          
                                 WHEN WILL THE NEW COVERAGE LAYER BE
This additional coverage layer will    EFFECTIVE?                               
be part of the policy to which this                                             
agreement is attached and will be      If you exercise your right to add a      
subject to the underwritten risk       new coverage layer, the coverage         
class for this policy at the time      layer will be effective on the           
this agreement was issued. If a        monthly policy anniversary on or         
coverage layer has been added since    following the end of the Option          
issuance of the agreement at a more    Period.                                  
favorable risk class than the base                                              
policy coverage amount, the new        The new coverage layer will be           
coverage layer will be subject to the  subject to all the provisions of the     
more favorable risk class. All         Policy Change section of this policy.    
applicable charges will apply.         Confirmation of the change and           
                               updated policy data pages will be
WHAT IS A DESIGNATED LIFE?             sent to you. A policy change             
                            transaction charge will apply.
A designated life is a person named                                             
in the application for this agreement  WHAT IF THE BASE INSURED DIES WITHIN     
and shown on the policy data pages.    THE OPTION PERIOD?                       

MAY A DESIGNATED LIFE BE CHANGED?      If the base insured dies during the      
                                  Option Period following the death of
No.                                    a designated life but not                
                                 simultaneously with this designated
WHEN MAY THE RIGHT TO ADD AN           life, we will pay the maximum            
ADDITIONAL COVERAGE LAYER BE           increase amount to the beneficiary of    
EXERCISED?                             this policy.                             

At the death of a designated life,     WHAT IF THE BASE INSURED AND ANY         
you may exercise the right to add an   DESIGNATED LIFE DIE SIMULTANEOUSLY?      
additional coverage layer to this                                               
policy during the ninety day period    If the base insured and any              
(Option Period) immediately following  designated life die at the same time     
the date of the designated life's      or under circumstances in which the      
death.                                 order of death cannot be determined,     
                                 we will pay one-half of the maximum
WHAT IS THE MAXIMUM AMOUNT OF THE NEW  increase amounts to the beneficiary      
COVERAGE LAYER?                        of this policy.                          

The maximum amount of the new          IS THERE A SUICIDE LIMITATION?           
coverage layer is listed for each                                               
designated life on your policy data    Yes. If, within two years of the         
pages. The maximum increase amount     effective date of this agreement, any    
available for each designated life     designated life dies by suicide,         
will decrease according to the         whether sane or insane, this             
schedule shown on your policy data     agreement automatically terminates       
pages.                                 and the right to add a new coverage      
                              layer under this agreement is no
                                   longer available. Our liability under
                               this agreement will be limited to
                             return of charges paid for this
        agreement.

                              WHEN DOES THE NEW COVERAGE LAYER
                   BECOME INCONTESTABLE?

                                The contestable and suicide period
                                   for any new coverage layer added as a
                                 result of exercising an option will
                                 be measured from the effective date
                                   of this agreement shown on the policy
         data pages.

ICC14-20016   Business Continuation Agreement   Minnesota Life Insurance Company

EX-99.26D16
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WHEN IS THIS AGREEMENT       WHEN WILL THIS AGREEMENT TERMINATE?                
INCONTESTABLE?                                                                  
           This agreement will terminate on:
If this agreement is                                                            
issued on the same date         (1) the date the policy is                      
as this policy, it will be          surrendered or terminated; or               
subject to the                                                                  
incontestability provision      (2) the date we receive your                    
in this policy. If this             written request to cancel this              
agreement is issued at a            agreement; or                               
date later than the policy,                                                     
then this agreement will        (3) the date of the death of the                
be contestable for two              base insured; or                            
years from the effective                                                        
date of this agreement,         (4) the end of the Option Period                
but only as to the                  following the death of the last             
evidence of insurability            designated life; or                         
which we required to                                                            
issue this agreement at         (5) the policy anniversary nearest              
the later date.                     the base insured's 80th                     
 birthday.
WHAT IF THE BASE                                                                
INSURED IS TOTALLY           CAN THIS AGREEMENT BE REINSTATED?                  
DISABLED DURING AN                                                              
OPTION PERIOD?               Yes. This agreement can be reinstated              
         under the following conditions:
If the base insured is                                                          
totally disabled during an      (1) all of the reinstatement                    
Option Period, you may              conditions stated in your                   
exercise your right to add          policy have been satisfied; and             
a new coverage layer.                                                           
However, if we are              (2) we receive written request from             
waiving the premiums or             you; and                                    
charges on this policy                                                          
because the base insured        (3) your request to reinstate is                
is totally disabled, the            made prior to the policy                    
increase available will be          anniversary nearest the base                
limited to one-half of the          insured's 80th birthday; and                
maximum increase                                                                
amount.                         (4) at least one designated life is             
    still alive.
If any premiums are                                                             
being applied as a result    /s/ Gary R. Christensen  /s/ Christopher M. Hilger 
of a waiver of premium               Secretary                  President       
agreement at the time                                                           
you exercise your right                                                         
under this agreement,                                                           
additional premiums                                                             
relating to the new                                                             
coverage layer will also                                                        
be applied by us.                                                               

If any charges are being                                                        
waived as a result of a                                                         
waiver of charges                                                               
agreement at the time                                                           
you exercise your right                                                         
under this agreement,                                                           
charges relating to the                                                         
new coverage layer will                                                         
also be waived.                                                                 

HOW WILL EXERCISING                                                             
THIS OPTION AFFECT OTHER                                                        
AGREEMENTS ATTACHED TO                                                          
THIS POLICY?                                                                    

If you exercise the option                                                      
to add an additional                                                            
coverage layer and there                                                        
are any other agreements                                                        
attached to this policy,                                                        
the benefits resulting                                                          
from those agreements                                                           
will also apply to the new                                                      
coverage layer.                                                                 

WHAT IF THE BASE FACE                                                           
AMOUNT OF THIS POLICY                                                           
DECREASES BEFORE THE                                                            
DEATH OF THE DESIGNATED                                                         
LIFE?                                                                           

If the base face amount of                                                      
this policy decreases, we                                                       
reserve the right to                                                            
decrease the maximum                                                            
increase amount and the                                                         
charge for this agreement                                                       
proportionately.                                                                

WHAT IS THE CHARGE FOR                                                          
THIS AGREEMENT?                                                                 

The charge for this                                                             
agreement is shown on                                                           
your policy data pages.                                                         

DOES THIS AGREEMENT                                                             
HAVE NONFORFEITURE                                                              
VALUES OR LOAN VALUES?                                                          

No. This agreement does                                                         
not have nonforfeiture                                                          
values or loan values.                                                          

46 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/26/24  Minnesota Life Individual V… Acct 485BPOS     5/01/24   26:10M                                    Donnelley … Solutions/FA
 4/26/24  Minnesota Life Individual V… Acct 485BPOS     5/01/24    7:2.2M                                   Donnelley … Solutions/FA
 4/26/24  Minnesota Life Individual V… Acct 485BPOS     5/01/24   26:10M                                    Donnelley … Solutions/FA
 4/26/24  Minnesota Life Individual V… Acct 485BPOS     5/01/24    8:2.6M                                   Donnelley … Solutions/FA
 4/26/24  Minnesota Life Var Life Account   485BPOS     5/01/24    6:2M                                     Donnelley … Solutions/FA
 4/26/24  Minnesota Life Var Life Account   485BPOS     5/01/24    6:1.9M                                   Donnelley … Solutions/FA
 4/26/24  Minnesota Life Var Life Account   485BPOS     5/01/24    6:1.9M                                   Donnelley … Solutions/FA
 4/26/24  Minnesota Life Var Life Account   485BPOS     5/01/24    6:2M                                     Donnelley … Solutions/FA
 4/26/24  Minnesota Life Var Life Account   485BPOS     5/01/24    6:2.1M                                   Donnelley … Solutions/FA
 8/30/23  Minnesota Life Individual V… Acct 485BPOS     8/30/23    5:1.9M                                   Donnelley … Solutions/FA
 8/30/23  Minnesota Life Individual V… Acct 485BPOS     8/30/23    5:2.3M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Individual V… Acct 485BPOS     5/01/23   22:8.4M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Individual V… Acct 485BPOS     5/01/23    6:2.1M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Individual V… Acct 485BPOS     5/01/23   23:8.8M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Individual V… Acct 485BPOS     5/01/23   15:2.9M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Var Life Account   485BPOS     5/01/23   20:5.2M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Var Life Account   485BPOS     5/01/23   20:5.1M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Var Life Account   485BPOS     5/01/23   20:5.2M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Var Life Account   485BPOS     5/01/23   20:5.3M                                   Donnelley … Solutions/FA
 4/27/23  Minnesota Life Var Life Account   485BPOS     5/01/23   20:5.4M                                   Donnelley … Solutions/FA
 2/23/23  Minnesota Life Individual V… Acct 485APOS               14:14M                                    Donnelley … Solutions/FA
 4/27/22  Minnesota Life Individual V… Acct 485BPOS     4/29/22    6:2.2M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Individual V… Acct 485BPOS     4/29/22    6:1.3M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Individual V… Acct 485BPOS     4/29/22    7:2.2M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Individual V… Acct 485BPOS     4/29/22    6:1.6M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Var Life Account   485BPOS     4/29/22    6:1.3M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Var Life Account   485BPOS     4/29/22    6:1.2M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Var Life Account   485BPOS     4/29/22    6:1.3M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Var Life Account   485BPOS     4/29/22    6:1.3M                                   Donnelley … Solutions/FA
 4/27/22  Minnesota Life Var Life Account   485BPOS     4/29/22    6:1.5M                                   Donnelley … Solutions/FA
 2/23/22  Minnesota Life Individual V… Acct 485APOS                6:2.2M                                   Donnelley … Solutions/FA
12/15/21  Minnesota Life Individual V… Acct 485BPOS    12/15/21    6:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Individual V… Acct 485BPOS     5/01/21    9:2.5M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Individual V… Acct 485BPOS     5/01/21    5:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Individual V… Acct 485BPOS     5/01/21    9:2.4M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Individual V… Acct 485BPOS     5/01/21    9:1.9M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.3M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.4M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.3M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.2M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.3M                                   Donnelley … Solutions/FA
 4/28/21  Minnesota Life Var Life Account   485BPOS     5/01/21    6:1.4M                                   Donnelley … Solutions/FA
 2/23/21  Minnesota Life Individual V… Acct 485APOS¶    2/23/21    6:2.2M                                   Donnelley … Solutions/FA