ST. PAUL, Minn.–(BUSINESS WIRE)– Securian Financial has launched an easy-to-understand indexed universal life (IUL) insurance product without the complications of multipliers and additional fees.
Eclipse Accumulator IUL, issued by Minnesota Life Insurance Company, is an accumulation-focused policy for clients seeking—in addition to a death benefit—supplemental income for retirement funding, college funding or non-qualified deferred compensation.
Its straightforward design makes Eclipse Accumulator stand apart from many recent IUL product introductions. Eclipse Accumulator’s low charges allow for strong accumulation potential and more resiliency in times of market volatility.
“Eclipse Accumulator focuses on accumulation, not complexity,” said Ben Roth, Securian Financial vice president for retail product distribution.
High fee, large multiplier products have a fundamentally different risk-reward profile than traditional IUL products like Eclipse Accumulator.
“Consumers and financial professionals alike prefer simple, transparent and low-cost products,” said Roth…Read more>>