Variable Group Universal Life insurance
The advantage of choice

Variable Group Universal Life is all about choices. It combines flexible life insurance with a variety of investment account options, as well as Minnesota Life's Guaranteed Account.

Variable Group Universal Life is flexible enough to fill a variety of group needs, such as:

• Enhancing the supplemental employee-paid term life plan of high-income employees.
• Providing a bonus plan, deferred compensation or a split-dollar plan for executives.
• Providing a corporate-owned life insurance plan that funds future liabilities.

No matter how sophisticated the business need, we will work with you to customize a VGUL benefit plan.

Benefits
Employers can:

• Improve employee benefits program with executive carve-outs or for the entire group.
• Attract and retain high-caliber employees.
• Fund future liabilities, such as retiree health plans.

Employees enjoy:

• "Individualized" protection, based on employee needs and goals.
• Online account management through our interactive web site, lifebenefits.com.
• Portability
  If they leave the group or retire, they may take their coverage with them.
• Potential for greater returns on their cash value account.
• Tax-deferred cash accumulation
  Variable Group Universal Life's cash value account provides employees the ability to accumulate cash for future needs on a tax-deferred basis. This cash value account earns interest yet is accessible through loans and withdrawals. It helps employees meet financial objectives.
• Flexibility
  Within limits, employees can choose the level of death benefit to meet their needs.
• Group Rates
  The buying power of a group makes this comprehensive coverage affordable.
• Potential for extended coverage
  The cash value can be used to pay premiums once employees leave or retire from the group.

• Insurance protection with a flexible death benefit
• Cash value account provides tax-deferred cash accumulation
• Investment account options a variety of variable subaccount options (Available through Securian Financial Services, Inc., Member FINRA/SIPC)
• Full administrative and compliance support

Variable Group Universal Life from Minnesota Life vs. individual contracts

• Underwriting uses an experience approach
• Administration and billing systems are designed for groups
• Employers get flexibility in pricing, plan design and administration
• We provide group illustration composites for employers
• Employers enjoy lower up-front fees than written insurance contracts

Is this product right for your group?
Minnesota Life's benefits specialists work with employers to design a VGUL plan, based on the unique needs of the organization. Your VGUL plan can be designed to produce long-term value — and tax advantages — for employers and employees alike.

This coverage provides a flexible death benefit and a variety of variable investment subaccount options for the opportunity to "individualize" protection, based on needs.

Minnesota Life handles the complexity so you don't have to. We provide full administrative and compliance support, including statement delivery, MEC testing and assigned owner record keeping. Using our LifeBenefits web site, employees can manage their own insurance transactions and investment transfers. Check out our asset allocation tool to learn about your investment profile.

» Variable Group Universal Life flyer (pdf, 76k)
» View the current VGUL prospectus (pdf, 2.1Mb)

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 from your representative. Please read the prospectuses carefully before investing.

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.

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