News
Minnesota Life Group Insurance adds Janus funds to Variable Group Universal Life investment options
ST. PAUL, MN., — Minnesota Life Group Insurance added two Janus investment options to its Variable Group Universal Life insurance (VGUL) product. The Janus Aspen Series Capital Appreciation Portfolio – Service Shares and International Growth Portfolio – Service Shares became available February 1, 2000.
"We are delighted to add these sub-accounts to our portfolio," said James E. Johnson, senior vice president, Minnesota Life Group Insurance. "Janus is a top notch, brand name firm and the Aspen portfolios historically have represented solid investment performance." (Note: past performance is no guarantee of future results.)
The retail versions of both Janus Aspen funds are closed to new investors. Adding them to Minnesota Life's VGUL investment options gives VGUL policyholders choices that are not readily available elsewhere. Both account options seek long-term growth of capital:
Janus Aspen International Growth Portfolio – Service Shares normally pursues its objective by investing at least 65 percent of its total assets in securities of issuers from at least five different countries, excluding the United States. Helen Young Hayes and Lawrence J. Chang, both executive vice presidents, co-manage this fund.
Janus Aspen Capital Appreciation Portfolio – Service Shares pursues its objective by investing primarily in common stocks selected for their potential growth. This portfolio, managed since its inception by Scott W. Schoelzel, executive vice president, may invest in companies of any size.
"Adding these highly-rated Janus Aspen sub-accounts to our list of investment options gives our clients more choices," said Johnson, "and better enables them to customize an investment strategy that coincides with their needs and comfort levels."
The Janus additions raise the number of investment options in the VGUL product to 21. Existing options include:
- Advantus Money Market Fund*
- Advantus Maturing Govt. Bond Fund
- Advantus Mortgage Securities Fund
- Advantus Bond Fund
- Fidelity VIP High Income Fund
- Advantus Global Bond Fund, managed by Julius Baer Investment Management, Inc.+
- Advantus Asset Allocation Fund
- Advantus Macro-Cap Value Fund, managed by J.P. Morgan Investment Management, Inc.
- Fidelity VIP Equity-Income Fund
- Advantus Value Stock Fund
- Fidelity VIP II Contrafund
- Advantus Index 500 Fund#
- Advantus Growth Fund
- Advantus Small Company Value Fund
- Advantus Capital Appreciation Fund, managed by Winslow Capital Management, Inc.
- Advantus Index 400 Mid-Cap Fund#
- Advantus International Stock Fund, managed by Templeton Investment Counsel, Inc.+
- Advantus Small Company Growth Fund
- Advantus Micro-Cap Growth Fund, managed by Wall Street Associates
For more than 80 years, Minnesota Life has provided customized group life and disability insurance programs to government, business and associations. The Company is one of a select number of insurance company groups in the United States carrying "very high" ratings including; AAA from Duff & Phelps, A++ from A.M. Best, AA+ from Standard & Poor's and Aa2 from Moody's Investors Services.
Various products and services are offered through the Minnesota Life Insurance Company. Variable Group Universal Life is offered through Securian Financial Services, Inc., Member FINRA/SIPC, a broker-dealer subsidiary of Minnesota Life. For more complete information about these products, including charges and expenses, send for a Prospectus from a Securian Registered Representative or from the distributor, Securian Financial Services, Inc., Securities Dealer, Member FINRA/SIPC, 400 Robert Street North, St. Paul, MN 55101-2098, 1-800-606-5433. Read the prospectus carefully before you invest.* Investments in the Money Market Account are neither insured, nor guaranteed by the U.S. Government, or any Federal Agency, and there is no assurance that the account will be able to maintain a stable Net Asset Value of $1 per share. + Investment risks associated with international investing, in addition to other risks, include currency fluctuation, political and economic instability, and differences in accounting standards when investing in foreign markets. # "Standard & Poor's®," "S&P®," "S&P500®," Standard & Poor's 500®," Standard & Poor's MidCap 400®," and S&P MidCap 400®" are registered trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Advantus Series fund, Inc. The fund is not sponsored, endorsed, sold, or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the Fund.
