Variable Group Universal Life insurance
The advantage of choice

Variable Group Universal Life (VGUL) is all about choices. It combines flexible life insurance with investment options that can be tailored to help meet your financial objectives.

VGUL offers flexible life insurance with group premiums. This means:

• It's flexible enough to meet your individual insurance needs. Life insurance is a key component in your financial security. Customize your death benefit or premiums to suit your circumstances as your needs change.
• It's flexible enough to move with you. Unlike many group plans, VGUL is portable — you may continue coverage if you leave the group or retire.
• It's flexible enough to be affordable. The buying power of a group makes VGUL's coverage especially affordable.
• It's flexible enough to provide continued coverage. As long as you have sufficient cash value, Variable Group Universal Life's wide range of account options offers the potential for a higher rate of return on cash value than traditional life insurance policies. You can individualize the way your policy's cash value is invested to suit your personal financial objectives. The range of account options — from potentially lower risk, lower return to potentially higher risk, higher return — allows you to select the level of risk with which you feel comfortable.

You make the choice when it comes to account options
You decide the way your cash value is invested. Diversify your dollars among several variable subaccounts to suit your own risk and return objectives.

Guaranteed Account. Net premiums can be allocated to a Guaranteed Account, invested in the general assets of Minnesota Life, which offer a guarantee of principal as well as a minimum rate of return. The interest rate and guarantees for the Guaranteed Account are based solely on the financial strength and claims-paying ability of Minnesota Life.

Variable subaccounts. A wide array of options offer the potential of more favorable returns than those offered by a guaranteed rate of return.

You may transfer cash among subaccounts or between the variable subaccounts and the Guaranteed Account (within limits) when your needs change or you wish to take advantage of investment opportunities.

Tax-deferred cash accumulation. Combined with life insurance protection, Variable Group Universal Life allows you to build your policy's cash value tax-deferred, so you don't pay taxes on the interest accumulated unless you withdraw more from the policy than you've paid in total premiums, as long as your policy is not a Modified Endowment Contract (MEC).

The tax-favored treatment of VGUL interest can have a significant impact on the cash accumulated for your long-term financial objectives, such as supplemental retirement income or college expenses. You may add to your policy's cash value through regular premium payments to build your investment in a disciplined way. Plus, you may make lump-sum payments — in addition to your regular premiums — to take further advantage of the policy's investment opportunities and tax-deferred accumulation. Premium contributions can be made at any time and in any amount, subject to Internal Revenue Services limitations.

» Variable Group Universal Life flyer (pdf, 76k)
» View the current VGUL prospectus (pdf, 1.3Mb)

Variable Group Universal Life will remain in force to the maximum age. Plus, if your cash value is sufficient, you can use the cash value to pay premiums if you leave or retire from the group. Your policy may lapse, however, if there is not enough cash value to pay the premium.

This information must be preceded or accompanied by a current VGUL prospectus. You should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this information. Please read the prospectuses carefully before investing.

You should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information.

You may obtain a copy of the prospectus by calling 1-800-843-8358. Please read the prospectuses carefully before investing. VGUL is distributed through Securian Financial Services, Inc., Member FINRA/SIPC. 400 Robert Street North, St. Paul, MN 55101, 1-888-237-1838.

This is a general discussion of the relevant tax laws. It was not intended for nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to the specific fact pattern.