Monthly Installment DB

How the BDA works

Potentially lower premium payments

The BDA allows for lower premium payments. You determine your family's coverage needs, add the BDA to your policy, and receive the coverage you want at a lower cost. The following is a hypothetical example of how the BDA has the potential to lower your premium payment:

George is a 40-year-old male with a Preferred Non-Tobacco underwriting rating. He needs $1,000,000 of life insurance coverage for 20 years.

Increased total death benefit amount

You have a set budget to spend annually on life insurance. By adding the BDA to your term policy, the total benefit amount paid to your beneficiaries will exceed the policy's face amount - at no additional cost. The following is a hypothetical example of how the BDA increases your total benefit to beneficiaries:

George is a 40-year-old male with a Preferred Non-Tobacco underwriting rating. He has budgeted $965 annually for 20 years of term life coverage.

1 If the insured dies while the policy in force.
2 If owner/insured are different, the death benefit will be paid upon the death of the insured.
3 The beneficiary of the policy will not be able to change the installment portion of the death benefit after the death of the insured. A portion of the benefit that is paid out in installments will be taxable as income. This taxable portion represents the amount of the benefit that exceeds the policy's face amount. Not all scenarios will result in lower premium payments.

The Benefit Distribution Agreement installment payment could be payable for a period up to 30 years. The factor rate used in the calculation of the installment payment is set at the time of policy issue.
This agreement will not be reinsured. This agreement cannot be added at conversion or exchange. There is no additional compensation paid due to inclusion of this agreement on the policy and there is no impact to a policy's target premium.
Products and Agreements may not be available in all states or may exist under different names in various states.

4 The amount exceeding the original face amount will be taxable as income.

Insurance products described are underwritten and issued by Minnesota Life Insurance Company and Securian Life Insurance Company. Corporate insurance agencies affiliated with the above individual serve as distributor of these products, are independently owned and are not affiliated with Minnesota Life Insurance Company or Securian Life Insurance Company.

Securian Financial Group, Inc.

Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
400 Robert Street North, St. Paul, MN 55101-2098 • 1-800-820-4205
2015 Securian Financial Group, Inc. All rights reserved.

Policy form numbers: ICC12-400 12-400

F76777-35F 7-2015 DOFU 7-2015

Josh Petersen
Vice President Sales

Justin Wagner