Advanced applications: We'll work with you . . .

As employers look for noncash alternatives for compensating top officers, life insurance continues to be the most popular benefit. Crafting a life insurance program for highly compensated employees requires creativity and skill.

Minnesota Life is one of a handful of companies with experience in designing and administering Variable Group Universal Life (VGUL)-funded executive plans. We'll work with you to develop a group life program that meets the advanced needs of your organization and provides permanent protection — often at an overall lower cost than what you're paying now for individual policies.

. . . to meet executive benefit needs

We provide assistance to corporations and partnerships in three key areas:

1. Replacing an existing executive plan.

2. Providing corporate-owned or partnership-mandated plans.

3. Setting up voluntary executive carve-out plans.

The types of needs we help address include:

• Funding FAS 106 liabilities such as retirement annuities or retiree medical benefits.

• Securing buy-sell agreements, ESOP repurchases.

• Replacing split dollar plans.

• Covering the loss of key employees.

• Structuring benefit enhancement and deferred compensation programs.

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