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Individual term life insurance

Please note this content is not approved for use in GA, ID, OR or WV.

Easy access to coverage

Securian Financial’s term life insurance, offered by Minnesota Life Insurance Company, makes it faster and easier for your customers or members to get life insurance coverage. There are no medical exams and application decisions are usually made within two weeks.

The need is real

According to the 2023 LIMRA Insurance Barometer study, 101 million U.S. adults reported needing life insurance (7 in 10).1 Yet 27 million reported being underinsured and 74 million reported having no life insurance at all.1

While the need is widespread, it is highest among the following consumer segments:

  • Households earning under $50,000 per year
  • Those that identify as Hispanic or Black
  • Millennials and Gen Z (ages 18-42)
  • Women – specifically single mothers

Benefits for clients

  • Enhance the customer experience
  • Differentiate yourself from other competitors
  • Educate and provide access to life insurance to customer markets not fully being served

Options for your customers and members

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Single premium term life: Access Term Life Insurance™

  • Modified guaranteed issue
  • Smaller coverage amounts and shorter term periods
  • One-time payment
  • If offered during loan process:  
    • Complementary product to credit insurance
    • Coverage for life of policy, even if loan paid early
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Simplified issue term life: MyLife© Select

  • Simplified issue
  • Monthly payment
  • Accelerated death benefit
  • Conversion option to whole life policy
  • Renewal provision  
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Start a conversation

Learn more about how you can grow your business and help protect your customers and members.

Contact our sales team

Availability

Term life insurance is available to the following markets.

Associations

Credit unions and banks

Finance companies

Online lenders

1. Leyes, Maggie, Wood, Steve. 2023 Insurance Barometer Study, Focus on Life Insurance: Ownership, Behaviors, and Attitudes. LIMRA, 2023.

Limitations and exclusions apply. These policies have exclusions, limitations and terms under which the policy may be continued in force or discontinued.

This is a summary of plan provisions related to insurance policies issued by Minnesota Life Insurance Company. In the event of discrepancy between this information and the policy, the terms of the policy apply. Actual benefits are determined by the tems and provisions contained in the policy documents. Complete coverage information is in the policy issued to each insured individual. Product availability and features may vary by state.

Access Term Life insuance coverage is made available under policy form series ICC23-51448 and any state variation thereof. 

MyLife Select coverage is made available under policy forms series ICC13-50780 and any state variation thereof.

This information should not be considered tax or legal advice. Clients should consult their tax or legal advisor regarding their own tax or legal situation.

DOFU 2-2025

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