New Minnesota Life Term Product Offers Guaranteed Benefits with Affordable Premiums Maggie Jensen, APR, Media Relations Consultant, St. Paul, MN, May 15, 2012 – Minnesota Life Insurance Company will replace its existing term product, Advantage Elite, with Advantage Elite Select in all states except New York, effective May 21. With the launch of Advantage Elite Select, Minnesota Life – Securian Financial Group’s largest subsidiary – also will introduce Express Issue, a streamlined process allowing clients to purchase life insurance in a matter of days. It is available on policies for $250,000 or less, offers a three- to five-day turnaround from receipt of the tele-...
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There are variations between the policy language and benefits between the many companies that offer Long-Term Care Insurance; however, the primary features and benefit choices are comparable from company to company. Premiums and underwriting criteria vary dramatically between insurance companies. When comparing long-term care insurance, you should recognize the differences between Securian Financial/Minnesota Life and other companies. Rebranding has transformed Minnesota Life, and they have adopted their parent company's name, Securian Financial. In addition, they enhanced their SecureCare policy series. Securian Financial/Minnesota Life policy is a "hybrid' policy. It offers both a life...
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Is my life insurance policy considered an "asset"? I have a life insurance policy and I am wondering how that life insurance policy would be treated if I were to have to go to a nursing home. I understand that some life insurance policies are considered assets for Medical Assistance, and some are not. What is the difference? I am in my late 70's, but I'm still in good health. I do not have any long term care or nursing home insurance. There are, indeed, two broad categories of life insurance: term life and whole life insurance. Each category receives a different treatment in a Medical Assistance (MA) assessment. While the two categories, term and whole, have many differences in costs and...
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A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal. Mortality catastrophe bonds remain relatively rare, only contributing a small amount of the outstanding market these days. Minnesota Life Insurance Company has looked to insurance-linked securities (ILS) as a way to add efficient stop loss mortality reinsurance coverage, with the help of structurer and bookrunner Willis Re Securities, we understand. La Vie Re Limited, a Bermuda based company, will...
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Minnesota Life IncomeToday! Annuity Review Steady, secure income now, guarantees for tomorrow Contemplating how to turn your accumulated savings into a retirement paycheck you can count on now, and for the rest of your life? No need to put your life on hold – worrying if your income will last as long as you do. For the safe, secure part of your retirement income portfolio, there’s IncomeToday! IncomeToday!, an immediate income annuity issued by Minnesota Life, provides: 1. A guaranteed paycheck, today and tomorrow. 2. A range of income choices and guarantees to meet your needs 3. Protection from the ups and downs of the markets 4. Freedom to invest the balance of your portfolio more...
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As a member age 18 or older, you can help protect your family's financial future with Accidental Death and Dismemberment (AD&D) Insurance underwritten by Minnesota Life Insurance Company. In addition to the $1,000.00 Credit Union Paid coverage paid for you by Atlantic Federal Credit Union, you can purchase Additional Coverage at group rates. Features You are pre-authorized for Additional Coverage up to $300,000 Your acceptance is guaranteed - No Medical Exams or Health Questions Benefits are paid to your beneficiary if you die from a covered accident You cannot be turned down for the Credit Union Paid Coverage —or any additional coverage you may select. All coverage reduces by 50% at...
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Colonial Life Insurance Company at a Glance Colonial Life Pros: Well-established carrier with multiple decades of experience in the insurance industry. Provides multiple types of coverage including life insurance, accident insurance, cancer insurance, and more. High ratings through A.M. Best and the BBB. Strong financial stability. Colonial Life Cons: Not a BBB accredited company. No official claims response time frame promise. Official website could use an upgrade. Mixed customer feedback. Concerning volume of complaints filed against the carrier through the BBB. What Types of Insurance Does Colonial Life Offer? Colonial Life focuses on life insurance and employee benefits insurance. Their...
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