494364
Orion Indexed Universal Life
Orion Indexed Universal LifeYour illustration for
Insurance products issued by:MINNESOTA LIFE INSURANCE COMPANY
DOFU 06/2018
Prepared for:
Date: 04-09-2019
Prepared by:
Case ID: 15776547
Valued ClientLarry Speir
$10,591 $119,711 $10,197 $6,179
$22,528 $130,641 $21,127 $17,298
$43,310 $148,485 $38,971 $35,998
$59,293 $161,353 $51,839 $50,848
$88,952 $183,633 $74,119 $74,119
$112,759 $200,237 $90,723 $90,723
$154,546 $227,133 $117,619 $117,619
$187,097 $246,460 $136,946 $136,946
Orion Indexed Universal Life
Your supplemental illustration
588828 Case ID: 15776547 DOFU 09/2018
This Supplemental Illustration is valid only when accompanied by a complete Basic Illustration.
For guaranteed values, please see the Basic Illustration.
Valued Client, Male, 49, Preferred, Non-Tobacco
Deathbenefit
Deathbenefit
Non-guaranteed values
Year
$5,137 $114,524 $5,010 $898
$16,382 $125,083 $15,569 $11,645
$29,051 $136,391 $26,877 $23,144
$35,971 $142,338 $32,824 $29,187
$51,078 $154,824 $45,310 $43,328
$67,972 $168,070 $58,556 $58,556
$78,129 $175,723 $66,209 $66,209
$100,481 $191,804 $82,290 $82,290
$125,832 $208,936 $99,422 $99,422
$139,745 $217,902 $108,388 $108,388
$170,310 $236,651 $127,137 $127,137
$204,968 $256,559 $147,045 $147,045
$120,000 $0 $0 $0 $120,000
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
$114,651 $6,000 49 $0 $120,105 $6,000 50 $0 $125,896 $6,000 51 $0 $132,042 $6,000 52 $0 $138,565 $6,000 53 $0
$145,485 $6,000 54 $0 $152,824 $6,000 55 $0 $160,592 $6,000 56 $0 $168,807 $6,000 57 $0 $177,486 $6,000 58 $0
$187,643 $6,000 59 $0 $198,466 $6,000 60 $0 $209,995 $6,000 61 $0 $222,273 $6,000 62 $0 $235,346 $6,000 63 $0
$249,259 $6,000 64 $0 $264,060 $6,000 65 $0 $279,824 $6,000 66 $0 $296,611 $6,000 67 $0 $314,482 $6,000 68 $0
Using illustrated crediting ratesand current charges†
Surrendervalue
Accumulationvalue
Surrendervalue
Accumulationvalue
Netoutlay
Age
3.75% alternative crediting rate and current charges
12345
678910
1112131415
1617181920
$1,025 $6,000 $6,573 $6,000
$12,458 $6,000 $18,700 $6,000 $25,318 $6,000
$32,334 $6,000 $40,337 $6,000 $49,096 $6,000 $58,302 $6,000 $67,972 $6,000
$78,129 $6,000 $88,952 $6,000 $100,481 $6,000 $112,759 $6,000 $125,832 $6,000
$139,745 $6,000 $154,546 $6,000 $170,310 $6,000 $187,097 $6,000 $204,968 $6,000
Premiumoutlay
Using illustrated crediting ratesand current charges
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Partialsurrender
Policyloan
Loaninterest
$30,000 $0 $0 $0 $30,000
$60,000 $0 $0 $0 $60,000
$90,000 $0 $0 $0 $90,000
Page 1 of 5
$244,232 $277,632 $168,118 $168,118
$278,544 $200,818 $180,917 $180,917
$340,144 $212,551 $202,429 $202,429
$388,828 $229,177 $218,264 $218,264
$474,958 $256,419 $244,209 $244,209
$542,366 $276,168 $263,017 $263,017
$660,875 $308,232 $293,555 $293,555
$751,983 $331,060 $315,295 $315,295
Orion Indexed Universal Life
Your supplemental illustration
Case ID: 15776547
#
For guaranteed values, please see the Basic Illustration.
Valued Client, Male, 49, Preferred, Non-Tobacco
Deathbenefit
Deathbenefit
Non-guaranteed values
Year
$223,990 $266,950 $157,436 $157,436
$260,756 $197,018 $174,352 $174,352
$297,630 $204,669 $187,770 $187,770
$318,123 $208,578 $194,932 $194,932
$363,680 $220,715 $210,204 $210,204
$415,686 $237,944 $226,613 $226,613
$444,359 $247,023 $235,260 $235,260
$507,587 $266,133 $253,460 $253,460
$579,423 $286,530 $272,885 $272,885
$618,886 $297,220 $283,066 $283,066
$705,217 $319,516 $304,301 $304,301
$801,221 $342,844 $326,518 $326,518
$132,000 $0 $0 $0 $132,000
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
$333,504 $6,000 69 $0 $353,746 $6,000 70 $0 $294,655 $0 71 $0 $309,184 $0 72 $0 $324,417 $0 73 $0
$340,392 $0 74 $0 $357,151 $0 75 $0 $381,865 $0 76 $0 $408,269 $0 77 $0 $436,470 $0 78 $0
$466,577 $0 79 $0 $498,706 $0 80 $0 $532,966 $0 81 $0 $569,485 $0 82 $0 $608,394 $0 83 $0
$649,831 $0 84 $0 $693,918 $0 85 $0 $740,478 $0 86 $0 $789,582 $0 87 $0 $841,282 $0 88 $0
Using illustrated crediting ratesand current charges†
Surrendervalue
Accumulationvalue
Surrendervalue
Accumulationvalue
Netoutlay
Age
3.75% alternative crediting rate and current charges
2122232425
2627282930
3132333435
3637383940
$223,990 $6,000 #$244,232 $6,000
$260,756 $0 $278,544 $0 $297,630 $0
$318,123 $0 $340,144 $0 $363,680 $0 $388,828 $0 $415,686 $0
$444,359 $0 $474,958 $0 $507,587 $0 $542,366 $0 $579,423 $0
$618,886 $0 $660,875 $0 $705,217 $0 $751,983 $0 $801,221 $0
Premiumoutlay
Using illustrated crediting ratesand current charges
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Partialsurrender
Policyloan
Loaninterest
$132,000 $0 $0 $0 $132,000
$132,000 $0 $0 $0 $132,000
$132,000 $0 $0 $0 $132,000
Page 2 of 5
$907,278 $367,053 $349,574 $349,574
$1,028,181 $385,885 $374,646 $374,646
$1,249,313 $418,643 $418,643 $418,643
$1,425,789 $451,842 $451,842 $451,842
$1,738,275 $506,651 $506,651 $506,651
$1,983,770 $546,845 $546,845 $546,845
$2,418,547 $613,211 $613,211 $613,211
$2,760,157 $661,884 $661,884 $661,884
Orion Indexed Universal Life
Your supplemental illustration
Case ID: 15776547
For guaranteed values, please see the Basic Illustration.
Valued Client, Male, 49, Preferred, Non-Tobacco
Deathbenefit
Deathbenefit
Non-guaranteed values
Year
$852,972 $354,848 $337,951 $337,951
$965,510 $376,241 $361,770 $361,770
$1,095,908 $396,094 $388,328 $388,328
$1,169,434 $407,000 $402,970 $402,970
$1,334,641 $434,925 $434,925 $434,925
$1,523,156 $469,418 $469,418 $469,418
$1,627,166 $487,679 $487,679 $487,679
$1,856,970 $526,364 $526,364 $526,364
$2,119,231 $568,126 $568,126 $568,126
$2,263,946 $590,237 $590,237 $590,237
$2,583,710 $637,081 $637,081 $637,081
$2,948,658 $687,654 $687,654 $687,654
$132,000 $0 $0 $0 $132,000
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
$895,620 $0 89 $0 $952,641 $0 90 $0
$1,004,130 $0 91 $0 $1,059,027 $0 92 $0 $1,117,826 $0 93 $0
$1,181,129 $0 94 $0 $1,249,313 $0 95 $0 $1,334,641 $0 96 $0 $1,425,789 $0 97 $0 $1,523,156 $0 98 $0
$1,627,166 $0 99 $0 $1,738,275 $0 100 $0 $1,856,970 $0 101 $0 $1,983,770 $0 102 $0 $2,119,231 $0 103 $0
$2,263,946 $0 104 $0 $2,418,547 $0 105 $0 $2,583,710 $0 106 $0 $2,760,157 $0 107 $0 $2,948,658 $0 108 $0
Using illustrated crediting ratesand current charges†
Surrendervalue
Accumulationvalue
Surrendervalue
Accumulationvalue
Netoutlay
Age
3.75% alternative crediting rate and current charges
4142434445
4647484950
5152535455
5657585960
$852,972 $0 $907,278 $0 $965,510 $0
$1,028,181 $0 $1,095,908 $0
$1,169,434 $0 $1,249,313 $0 $1,334,641 $0 $1,425,789 $0 $1,523,156 $0
$1,627,166 $0 $1,738,275 $0 $1,856,970 $0 $1,983,770 $0 $2,119,231 $0
$2,263,946 $0 $2,418,547 $0 $2,583,710 $0 $2,760,157 $0 $2,948,658 $0
Premiumoutlay
Using illustrated crediting ratesand current charges
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Partialsurrender
Policyloan
Loaninterest
$132,000 $0 $0 $0 $132,000
$132,000 $0 $0 $0 $132,000
$132,000 $0 $0 $0 $132,000
Page 3 of 5
$3,365,172 $742,251 $742,251 $742,251
$3,840,539 $801,193 $801,193 $801,193
$4,682,449 $898,517 $898,517 $898,517
$5,343,946 $969,894 $969,894 $969,894
$6,515,505 $1,087,751 $1,087,751 $1,087,751
$0
Orion Indexed Universal Life
Your supplemental illustration
Total
Surrender value, accumulation value and death benefit columns reflect end-of-year values. Age reflects beginning-of-year value.# Denotes a change to the Death Benefit Option.
Case ID: 15776547
$132,000 $0
For guaranteed values, please see the Basic Illustration.
Valued Client, Male, 49, Preferred, Non-Tobacco
Deathbenefit
Deathbenefit
Non-guaranteed values
Year
$3,150,036 $714,430 $714,430 $714,430
$3,595,005 $771,158 $771,158 $771,158
$4,102,848 $832,401 $832,401 $832,401
$4,383,076 $864,826 $864,826 $864,826
$5,002,273 $933,522 $933,522 $933,522
$5,708,962 $1,007,686 $1,007,686 $1,007,686
$6,098,914 $1,046,952 $1,046,952 $1,046,952
$0
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
$3,150,036 $0 109 $0 $3,365,172 $0 110 $0 $3,595,005 $0 111 $0 $3,840,539 $0 112 $0 $4,102,848 $0 113 $0
$4,383,076 $0 114 $0 $4,682,449 $0 115 $0 $5,002,273 $0 116 $0 $5,343,946 $0 117 $0 $5,708,962 $0 118 $0
$6,098,914 $0 119 $0 $6,515,505 $0 120 $0
$132,000
Using illustrated crediting ratesand current charges†
Surrendervalue
Accumulationvalue
Surrendervalue
Accumulationvalue
Netoutlay
Age
3.75% alternative crediting rate and current charges
6162636465
6667686970
7172
$3,150,036 $0 $3,365,172 $0 $3,595,005 $0 $3,840,539 $0 $4,102,848 $0
$4,383,076 $0 $4,682,449 $0 $5,002,273 $0 $5,343,946 $0 $5,708,962 $0
$6,098,914 $0 $6,515,505 $0
Premiumoutlay
Using illustrated crediting ratesand current charges
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0
Partialsurrender
Policyloan
Loaninterest
$132,000 $0 $0 $0 $132,000
$132,000 $0 $0 $0 $132,000
Page 4 of 5
Orion Indexed Universal Life
Your supplemental illustration
Your non-guaranteed illustrated crediting rates per account are shown below.
This is an illustration, not a contract. This illustration assumes that the currently illustrated non-guaranteed elements will remain unchanged for all years shown. This is not likely to occur and actual results may be more or less favorable than those shown. Administrative and insurance charges are deducted every month regardless of whether premium outlays are made. Depending upon actual policy experience, the Owner may need to increase premium payments to maintain coverage for the desired duration. Any policy loans and partial surrenders will affect policy values and may require additional premiums to avoid policy termination.
Case ID: 15776547
For guaranteed values, please see the Basic Illustration.
Valued Client, Male, 49, Preferred, Non-Tobacco
†Illustrated non-guaranteed values reflect premiums, charges, and credits made based on the illustrated account allocation and interest rate for each account.
1-72Illustrated account Allocation 100% 6.38%Indexed Account A: S&P 500® 1-year
with 100% Participation
Years and illustrated
rates
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Illustrated non-guaranteed values reflect premiums, charges, and credits made based on the illustrated account allocation and interest rate for each account.
Page 5 of 5
$109,514
Increasing
$6,000.00
$6,000.00
Annual ($6,000.00)
$224.79
GPT
This contract is not a MEC at issue.
Insurance products issued by: MINNESOTA LIFE INSURANCE COMPANY
Important information about your life insurance illustration
Orion Indexed Universal Life
This is your Basic Illustration and is valid only if all pages are included.
For the purpose of this illustration, only the account options and optional agreements selected are shown.
Valued Client, Male, Issue age 49, Preferred, Non-Tobacco
A Minimum Face solve was used to determine this value.1
IMPORTANT: This is a life insurance illustration, not a contract. This illustration assumes that the currently illustrated non-guaranteed elements will remain unchanged for all years shown. This is not likely to occur and actual results may be more or less favorable than those shown. Administrative and insurance charges are deducted every month regardless of whether premium outlays are made. Depending upon actual policy experience, the Owner may need to increase premium payments to maintain coverage for the desired duration. Any policy loans and partial surrenders will affect policy values and may require additional premiums to avoid policy termination.
The non-guaranteed values in this illustration assume that all premium outlays, net of premium charges, are allocated 0% into the Fixed Account and 100% into the Indexed Accounts. This illustration is intended to demonstrate the impact of premium payments and policy charges on the accumulation value under a set of assumptions; it reflects certain assumptions about the amount and timing of your premium payments.
Please review your policy for a complete description of all policy features and benefits.
Presented in: NCPrepared on: 04-09-2019
550666
TP 2,395.07 DOFU 10/2018
Case ID: 15776547
Proposed insured
Initial base death benefit
Initial death benefit option
Initial annual premium outlay
Annual planned premium amount
Illustrated premium frequency
Minimum initial premium
Death benefit qualification test
Modified endowment contract (MEC) status
Illustrated account allocations
Optional agreements
Prepared by: Larry Speir
100% Indexed Account A: S&P 500® 1-year with 100% Participation
Accelerated Death Benefit for Terminal Illness Agreement
Chronic Illness Access Agreement
Guaranteed Income Agreement Overloan Protection Agreement
Page 1 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Optional agreementsThe following optional agreements were selected for this illustration. Additional agreements may be available. Additional monthly charges may apply when these agreements are exercised or added. For detailed information and limitations, please ask your agent or refer to your contract.
Provides for an accelerated payment of a portion of the death benefit if the insured is certified as having a terminal condition. The death benefit and surrender value will be reduced upon payment of the accelerated death benefit for terminal illness.
Provides access to a portion of the death benefit while alive if the insured is certified as chronically ill. Available at no additional cost; however, a discount method is utilized. This means that the benefit payment will be less than the death benefit that is accelerated.
Assumed exercise age: 70Non-guaranteed annual benefit payment amount: $10,973Non-guaranteed death benefit: $244,640
Prevents an outstanding policy loan from terminating the policy, even if the accumulation value is insufficient to cover policy charges. There is no charge for this agreement until exercised.
For important disclosures, please refer to the Additional Information section at the end of this illustration.
Please review your policy for a complete description of all features and benefits.
1 Due to the uncertainty in the tax law, chronic illness or terminal illness benefits paid from a life insurance contract may be taxable. Consult with a tax advisor regarding chronic illness or terminal illness benefit payments from a life insurance contract.
Policyholders who add the Guaranteed Income Agreement (GIA) should take into consideration that the policy accumulation value on the exercise-effective date may not be sufficient to continue providing the minimum benefit payment until the insured’s age 100. If this occurs, it will not be possible to exercise the GIA. Minnesota Life and Securian Life believe the Policy will continue to qualify as life insurance under the Internal Revenue Service Code (“the Code”) after the GIA exercise-effective date, and that distributions and loans made under the terms of the GIA will generally not be taxed to the policyholder. However, the IRS or the courts could reach a different result. Policyholders who have added the GIA should consult a tax advisor regarding the tax treatment of distributions and loans under the GIA. Since the Policy’s death benefit will be reduced to the minimum amount allowable under the Code after the exercise-effective date, policyholders should consider the impact on their individual circumstances and their need for death benefit before exercising the GIA. There is no charge for the GIA when the Policy is purchased; however, we will assess a one-time charge against the Policy accumulation value on the exercise-effective date. When the GIA is exercised, all other riders (with the exception of any agreement that provides an irrevocable settlement option) will be removed from the policy.
2
Case ID: 15776547TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
Accelerated Death Benefit for Terminal Illness Agreement
•••
Overloan Protection Agreement
Provides a guaranteed income stream at an eligible exercise date with a guaranteed interest rate during the life of the insured or until age 100, whichever comes first. Please refer to the Taxation of Life Insurance Contracts section for additional information on taxation of benefits.
There is no charge for this agreement until exercised.
Guaranteed Income Agreement2
1
Guaranteed Income Agreement
Chronic Illness Access Agreement
Page 2 of 23
Orion Indexed Universal Life
As long as you pay enough premium to keep the policy in force, your family or business may remain financially protected when you die.1
Orion Indexed Universal Life (Orion) offers lifetime death benefit protection and tax-advantaged accumulation value growth you can access throughout your life.1
You can pay more or less in premiums, or change your death benefit depending on your circumstances.
Accumulation value growth potential
Stability
Our Fixed Account crediting option provides a guaranteed minimum interest credit of 2.00%. Orion also provides a lifetime interest crediting guarantee, so in the event of death, policy termination or surrender, the policy’s accumulation value will be credited with at least an annual interest rate of 2.00%.2
Index crediting is tied to changes in the underlying index(es) of your chosen indexed account(s). Accumulation value in these accounts may receive index credits based on movement of an underlying index, but do not participate in the market.
The crediting potential is subject to a growth cap and floor, or a maximum and minimum. You could potentially have higher crediting to your accumulation value than traditional fixed-interest policies, along with protection from negative earnings.
Case ID: 15776547TP 2,395.07
Guarantees are based on the issuing company’s financial strength and claims-paying ability.2
If owner/insured are different, the death benefit will be paid upon death of the insured.1
Valued Client, Male, 49, Preferred, Non-Tobacco
Potential lifetime protection
Orion Indexed Universal Life (Orion) offers lifetime death benefit protection and tax-advantaged accumulation value growth you can access throughout your life.
Choice and flexibility
When you pay universal life premiums, a portion of each payment is placed into your policy’s accumulation value and grows tax-free.
Our Fixed Account crediting option provides a guaranteed minimum interest credit of 2.00%. Orion also provides a lifetime interest crediting guarantee, so in the event of death, policy termination or surrender, the policy’s accumulation value will be credited with at least an annual interest rate of 2.00%.
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
As long as you pay enough premium to keep the policy in force, your family or business may remain financially protected when you die.
Page 3 of 23
Orion Indexed Universal Life
Valued Client, Male, 49, Preferred, Non-Tobacco
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
How Orion works for your benefit
In addition, transaction charges may apply if you request changes to your policy. Your policy will remain active as long as the accumulation value less any policy loans and accrued interest remains greater than zero.
Loans and withdrawals will reduce both the surrender value and death benefit. Under certain circumstances, policy loans and withdrawals may be subject to income taxation. Consult a tax advisor for specific information. Any value withdrawn before the end of a segment may not receive index credits. Additionally, if a policy loan with a fixed policy loan interest rate is taken, a lockout period of 12 months will apply, during which no transfers are allowed from the fixed account to any indexed account.
*
Depending upon actual policy experience, you may need to increase premium payments to keep the policy from lapsing. All of the policy fees and charges are subject to adjustment, but will never exceed the maximum amounts shown on your policy's data pages. If any policy charge is adjusted, any such adjustment will be based on future estimated or emerging experience, as well as profit considerations. Those experience factors that could cause a change in the policy charges include, but are not limited to interest, mortality, persistency, policy duration, taxes, expenses and profit considerations.
**
For details regarding how charges affect this illustration, please request the Charges Report from your advisor.
If owner/insured are different, the death benefit will be paid upon death of the insured.***
Case ID: 15776547TP 2,395.07 Page 4 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
You may allocate your policy’s accumulation value to a Fixed Account and/or indexed account(s) for crediting purposes. Your accumulation value will increase when interest and index credits are applied to the policy.
Interest and index creditingIndexed Universal Life policies offer a different crediting method than other fixed insurance products.
How index crediting works
Premium dollars first go into an interim account, where it earns fixed interest daily. The interim account crediting rate is the policy’s guaranteed minimum crediting rate of 2.00%.
On the third Friday of each month, the dollars in the interim account are transferred to your chosen indexed account(s).
Any earned index credits are now tied to the movement of that index.
Example
Premium paid date: A premium is paid on November 1, 2018.
Interim account: Premium dollars, minus the premium charge, earn fixed interest in the interim account.
Segment start date: On the third Friday of November 2018, the money in the interim account is transferred to the indexed account(s), creating a new index segment.
The performance of the underlying index may exceed the offered fixed indexed growth caps. Interest crediting within these accounts will vary based on the movement of the investments within the underlying index. Should the index have 0% growth or decline, policy owners bear the risk that no Index credit will be given to the account.
Case ID: 15776547TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
1.
2.
3.
Segment end date: On the third Friday of November 2019, index credits are calculated and applied to your accumulation value. The amount credited is a result of the change in the index from the segment’s start date to its end date (one year, for example). If the money remains in the indexed account and is not moved on the segment end date, a new segment begins.
Page 5 of 23
Orion Indexed Universal Life
Valued Client, Male, 49, Preferred, Non-Tobacco
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
The portion of your accumulation value in the Fixed Account is credited interest on a daily basis. The interest rate credited may change from time to time but will never be lower than 2.00% annually. The current annual interest rate credited to the Fixed Account is 3.75%.
How the Fixed Account works
In the event of death, policy termination or surrender, your policy’s accumulation value is guaranteed to be credited with at least an annual interest rate of 2.00%. This rate is used to calculate the guaranteed values in this illustration.
Minimum lifetime interest crediting guarantee
Case ID: 15776547TP 2,395.07 Page 6 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Fixed and indexed account options
Case ID: 15776547TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
N/A12.00%*8.00%*Uncapped*Uncapped*14.00%*
Blended S&P 500® S&P 500® Fixed Account
1 year2 years1 year1 year
N/A100%100%95%*75%*100%
0% 0% 0% 1% 0% N/A
N/A0%0%0%0%
0 0 0.90* 0 0 N/A
N/A0%0%0%0%
0%0%0%0%0%0% 0%
0
1.50%*
30%*
0%
100%
10.50%*
S&P 500®
10%
0.50%*
* Subject to change. Minnesota Life can change these rates for any reason, including changes in market conditions and the impact it may have on our profit margins, according to the terms of your policy. However, once established at the beginning of a segment term, these rates cannot be changed for that segment.
** Indexed Account E is made up of the following indices: 35% S&P 500®, 10% Russell 2000®ii, 35% Barclays Capital U.S. Aggregate Bond Indiieiii and 20% EURO STOXX 50®iv
Partial indexcredit factor
Annualsegmentcharge
Indexmultiplier
Segment term
Participationrate
Segment floor
100%
0
0%
0%
0%
100%
10.50%*
1 year
S&P 500®
** Indexed Account E is made up of the following indices: 35% S&P 500®, 10% Russell 2000® i, 35% Barclays Capital U.S. Aggregate Bond Index ii and 20% EURO STOXX 50® v
UnderlyingindexCurrent growth cap
Indexed Account A
Indexed Account J
Indexed Account H
Indexed Account G
Indexed Account E**
S&P 500®Low Volatility
S&P 500®Low Volatility
N/A1 year
i
1 year
Fixed Account
Indexed Account K
Indexed Account L
Illustrated allocation percentage
Indexed Account M
0%
0
1.50%*
30%*
0%
75%*
S&P 500®Low Volatility
Uncapped*
1 year
Page 7 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Maximum illustrated rates
The following table shows our current maximum illustrated rate along with the lowest and highest cumulative 25-year crediting rate since 1949 for the S&P 500® Index 1-year with 100% participation, 10.50% growth cap and 0% floor.
For important disclosures, please refer to the Additional Information section at the end of this illustration.
Case ID: 15776547TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
Actuarial Guideline 49 provides guidance for life insurance carriers in determining the maximum crediting rate for life insurance illustrations. The maximum illustrated rate is calculated using market standard benchmark of the S&P 500® excluding dividends, and does not reflect past performance or indicate future performance.
Current maximum illustrated rate Minimum average crediting rate (lowest)
7.02%5.42%6.38%6.38%6.38%
Indexed Account K
Indexed Account J
Indexed Account H
Indexed Account G
Indexed Account E
Indexed Account L
Indexed Account M
6.38%
Indexed Account A
Maximum illustrated rate 6.38%6.38%
Maximum average crediting rate (highest)
6.38% 3.90% 8.27%
Page 8 of 23
Orion Indexed Universal Life
Historical dataThe 30-year historical index performance table shows past index performance along with a hypothetical crediting rate using our current growth cap, floor and participation rate. We also provide the historical compound average returns over designated periods for your illustrated indexed account options. Please keep in mind that historical performance does not represent future performance for these indexed accounts.
Historical compound average return
The underlying indexes only recognize changes in stock prices and do not include dividend returns. The policy and indexed accounts do not actually participate in the stock market. You may not invest directly in an index.
Historical information is based on previous actual experience of the given indexes. The historical performance of a market index or indexed account should not be considered a representation of past or future performance for the policy’s available indexed accounts. Actual index crediting may be less than or greater than the non-guaranteed assumed index crediting rates used in this illustration. Changes in the growth cap and participation rate would affect the average return calculation shown above. See the multiple illustrative values in this illustration to better understand how different index crediting rates affect policy accumulation values. Consult with your advisor about which hypothetical index crediting rate would be appropriate for your situation.
Case ID: 15776547
Valued Client, Male, 49, Preferred, Non-Tobacco
6.73%December 2018December 2004
6.51%December 2018December 1994
ToFrom Hypothetical average return 7.24%December 2018December 2009
6.06%December 2018December 1999
6.67%December 2018December 1989
10 Year15 Year20 Year25 Year30 Year
-5.93% 12/14/06 12.16%
13.83% 12/18/08 -39.37%
-1.73% 12/16/10 13.39%
20.88% 12/20/12 18.75%
23.52% 12/18/14 13.91%
-5.49% 12/15/16 10.78%
-22.43% -6.96%
30-year historical index performance
Indexed Account A: S&P 500® Index 1-year with 100% participation, 10.50% growth cap and 0% floor
7.60%
27.95% 12/15/05 5.63%
15.87% 12/20/07 2.43%
6.41% 12/17/09 23.81%
35.49% 12/15/11 -2.18%
28.10% 12/19/13 25.35%
20.24% 12/17/15 -0.94%
-14.99% 12/14/17 17.24%
23.18% 10.47%
S&P 500 Index growth
Hypothetical interest credited
S&P 500 Index growth
Hypothetical interest credited
12/14/8912/20/9012/19/9112/17/9212/16/93 6.41%12/15/94 0.00%12/14/95 10.50%12/19/96 10.50%12/18/97 10.50%12/17/98 10.50%12/16/99 10.50%12/14/00 0.00%12/20/01 0.00%12/19/02 0.00%12/18/03 10.50%
10.47%
Date
5.63% 10.50% 2.43% 0.00% 10.50% 10.50% 0.00% 10.50% 10.50% 10.50% 0.00% 10.50% 10.50% 0.00%
Date
6.67%
10.50% 0.00% 10.50% 10.50%
12/20/18COMPOUNDAVERAGE12/16/04
Page 9 of 23
Fixed rate that will not change for the life of the loan
Varies based on Moody's Corporate Bond Yield Average
Minimum: 3.00%
•
•
4.00%
3.00%
4.00%
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Life insurance is meant to provide a tax-free death benefit upon your death.1 Permanent policies can also grow accumulation value that you can access for emergencies, supplemental retirement income or other life opportunities. You can access money in two ways: loans and partial surrenders.
Accessing your accumulation value
LoansLoans allow you to borrow money against your policy's accumulation value to create a tax-free distribution at any time - even before age 59½.
Maximum: 10.50%
Minimum: 0%
Orion offers fixed interest rate, indexed and variable interest rate loan options. The differences between these loans are summarized in the table below.
You have the option to switch between loan types once per year.
Minimum: floor of your allocated indexed accounts
Transferred from your current fixed or indexed accounts into the Fixed Loan Account
Transferred from your current fixed or indexed accounts into the Indexed Loan Account
Remains in your current fixed or indexed accounts
Fixed rate that will not change for the life of the loan
5.00% fixed rate
Varies based on how long the policy has been in force
Varies based on movement in the Indexed Loan Account
Varies based on movement in the indexed accounts and is directly tied to your current indexed account allocations
Maximum: 1.00% above our current fixed account crediting rate
Maximum: growth cap of your allocated indexed accounts
While policy loans are an attractive feature, it is important to remember that the growth in your policy's accumulation value partially maintains your death benefit. Taking loans could negatively impact your policy:
Withdrawing too much or taking too large of a loan from your life insurance policy could result in a policy overloan.
A policy overloan will result in policy termination, which could cause significant income tax consequences. You should consult your tax advisor regarding your personal circumstances.
TP 2,395.07 Case ID: 15776547
.2
(years 1-10)
Valued Client, Male, 49, Preferred, Non-Tobacco
Life insurance is meant to provide a tax-free death benefit upon your death. Permanent policies can also grow accumulation value that you can access for emergencies, supplemental retirement income or other life opportunities. You can access money in two ways: loans and partial surrenders.
Indexed loan Variable interest rate loan
Loan crediting rates
Loan crediting rate calculation
Loan charge rate
Loan charge rate calculation
What happens to your loan amount
fixed rate
(years 11+)
Life insurance is meant to provide a tax-free death benefit upon your death. Permanent policies can also grow accumulation value that you can access for emergencies, supplemental retirement income or other life opportunities. You can access money in two ways: loans and partial surrenders.
Fixed interest rate loan3Fixed interest rate loan
Page 10 of 23
Your policy remains active.
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
You can also withdraw money from your policy’s accumulation value by requesting a partial surrender, which reduces your policy’s accumulation value and death benefit. The minimum partial surrender amount is $500.00. Partial surrenders are taken on a tax-free basis as long as:4
The amount of the partial surrender is less than or equal to the amount you've paid, minus any previous partial surrenders.1.
A surrender charge is applied in the event of a full policy surrender during the first 10 policy years and for 10 years after any increase in your policy’s face amount. The surrender value is illustrated as of the end of the policy year. Surrender charges do not apply when a partial surrender is made; however, partial surrenders incur a transaction charge that is deducted from your accumulation value.
Your policy is not a modified endowment contract.
2.
3.
1
2
3
Loans and withdrawals will reduce both the surrender value and death benefit. Under certain circumstances, policy loans and withdrawals may be subject to income taxation. Consult a tax advisor for specific information. Any value withdrawn before the end of a segment may not receive index credits.
Certain partial surrenders occurring during the first 15 policy years could be taxable, especially if you make large premium payments into your policy. Please consult your tax advisor.
TP 2,395.07 Case ID: 15776547
Valued Client, Male, 49, Preferred, Non-Tobacco
You can also withdraw money from your policy’s accumulation value by requesting a partial surrender, which reduces your policy’s accumulation value and death benefit. The minimum partial surrender amount is $500.00. Partial surrenders are taken on a tax-free basis as long as:
Partial surrenders
If owner/insured are different, the death benefit will be paid upon death of the insured.As long as your policy is not a modified endowment contract.
When you take a fixed interest rate loan a 12 month lockout period begins, during which no transfers are allowed from Fixed Account A to the indexed accounts. Changes from a fixed interest rate loan to an indexed loan, or to a variable interest rate loan will not be allowed while the policy is in a lockout period.
4
Page 11 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances.
Taxation of life insurance contracts
Failure to qualify as life insurance will have adverse tax consequences.
• The Cash Value Accumulation Test, which is commonly used for protection-focused policies.
• The Guideline Premium Test, which is commonly used for accumulation-focused policies, or
A policy will qualify as life insurance under Internal Revenue Code Section 7702 if it meets one of two alternative tests:
Guideline Premium Test
This illustration uses the Guideline Premium Test, which requires that the sum of premiums, less any non-taxable partial surrenders, does not exceed the Guideline Premium Limit. The Guideline Premium Limit is the maximum premium that can be paid into the policy, based on current tax law, if level premiums are paid each year. This Guideline Premium Limit will change if coverage increases, decreases or changes are made to the policy.
Guideline premiums are calculated at policy issue but must be recalculated upon certain changes in the terms or benefits of the policy. This test also requires that the death benefit payable under the policy at any time is at least equal to an applicable percentage of the accumulation value. The Guideline Premium Limit is the greater of the Guideline Single Premium or the sum of the Guideline Level Premiums at such time.
The policy’s accumulation value may grow to the point where we will increase the death benefit in order to ensure that the policy will continue to satisfy Section 7702 of the Internal Revenue Code. When this happens, we reserve the right to limit premium payments.
Modified Endowment Contracts
The Technical and Miscellaneous Revenue Act (TAMRA) of 1988 classifies some policies as Modified Endowment Contracts (MECs). Distributions from Modified Endowment Contracts, excluding death benefit payments, are taxed differently and may be subject to a 10% IRS penalty tax. The annual premium to avoid Modified Endowment Contract status in the first seven years for the policy as shown in this illustration is $6,000.00. Based upon the assumptions used in this illustration, the policy would not be considered a Modified Endowment Contract (MEC) based upon our interpretation of the Internal Revenue Code.
Case ID: 15776547TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
Guideline single premium
Maximum non-MEC annual premium
$30,651.75
$6,000.00
Guideline level premium $6,470.18
Page 12 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Key terms and definitionsWhen premiums are paid, the balance, after premium charges are deducted, goes into the policy's accumulation value. The accumulation value grows as interest is credited to the policy. Once each month, administrative and insurance charges are deducted from the accumulation value. Partial surrenders also reduce the accumulation value. It is illustrated as of the end of the policy year.
The insured's age on the birthday nearest the beginning of the policy year.
Non-guaranteed values calculated based on certain factors, including but not limited to accumulation value, interest, index credits, mortality, persistency, policy duration, premiums, policy indebtedness, taxes, expenses, and additional agreements.
Mid-point charges represent the average of the current and guaranteed maximum charges.
Current charges are the amounts that we currently charge. We can change the current charges at any time but will not charge more than the guaranteed maximum charges.
Guaranteed maximum charges are the maximum amount we can charge.
All of the policy fees and charges are subject to adjustment, but will never exceed the maximum amounts shown on your policy's data pages. If any policy charge is adjusted, any such adjustment will be based on future estimated or emerging experience, as well as profit considerations. Those experience factors that could cause a change in the policy charges are interest, mortality, persistency, policy duration, taxes, expenses and profit considerations.
The amount payable upon the death of the insured. This amount is illustrated as an end of year value and is net of any policy loans, accrued loan interest or partial surrenders taken from the accumulation value.
Level death benefit is equal to the face amount.
Increasing death benefit is equal to the face amount plus the accumulation value.
Factors that impact the benefits associated with the policy, such as interest crediting rates, additional agreements charges, cash extra charges, cost of insurance charges, monthly policy charges, transaction charges, policy issue charges and premium charges.
The Fixed Account is the portion of the accumulation value that earns interest at a fixed rate. The fixed rate will never be less than the guaranteed interest rate shown on the policy data pages.
The maximum growth rate for any indexed account segment in any index credit term. A separate growth cap will apply to each segment year and for each indexed account. We reserve the right to change the growth cap that is applicable to each of the available indexed accounts and each subsequent index credit terms. And when we do, the new growth cap will apply at the beginning of the index credit term for the applicable indexed account.
The minimum interest rate for any indexed account segment for all index credit terms that is used in the calculation of the interest credit.
The values shown as "guaranteed" in this illustration are calculated using the guaranteed minimum interest rate and guaranteed maximum administrative and insurance charges. These values are also based upon the premiums, partial surrenders and loans displayed in this illustration. A different schedule of premiums, partial surrenders and/or loans will cause the guaranteed values to change.
An indexed account is the portion of the accumulation value that earns interest based on a change in the indexed account’s underlying index.
The highest rate that can be used to illustrate an indexed crediting rate. The maximum illustrated rate is calculated using the S&P 500® market standard benchmark, as defined by Actuarial Guideline 49, and does not reflect past performance or historical experience.
Case ID: 15776547 TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
Accumulation value
Age
Annual policy credit
Charges
Death benefit
Death benefit options
Elements
Fixed Account interest rate
Growth cap
Growth Floor (rate floor)
Guaranteed values
Indexed account
Maximum illustrated rate
Page 13 of 23
Orion Indexed Universal Life
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
The amount of premium you intend to pay, plus any loan repayments, less partial surrenders or policy loans.
The “non-guaranteed” values shown in this illustration are calculated using non-guaranteed crediting rate(s) and non-guaranteed administrative and insurance charges. These non-guaranteed elements may be changed at our discretion but cannot be less favorable to you than the policy’s guarantees.
This illustration assumes that the non-guaranteed elements will continue unchanged for all years shown; however, non-guaranteed elements are likely to change from time to time. This means that actual results may be more or less favorable than those shown.
This illustration shows two types of non-guaranteed values:
Alternative crediting rate and charges: Values calculated using the current fixed interest crediting rate and our current administrative and insurance charges.
Illustrated crediting rate and current charges: Values calculated using the illustrated crediting rate(s) and our current administrative and insurance charges.
•
•
A percentage of the index growth used in calculating the index credit for each segment.
The amount of premium that you intend to pay. This illustration assumes that the premium is paid at the beginning of each modal period.
The amount payable in the event of full policy surrender. It is equal to the accumulation value less any surrender charges and any policy loans and accrued interest. Surrender charges are applied in the event of full policy surrender during the first 10 policy years and for 10 years after any increase in your policy's face amount. The surrender value is illustrated as of the end of the policy year.
Case ID: 15776547 TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
Net outlay
Participation rate
Premium outlay
Surrender value
Non-guaranteed values
Page 14 of 23
$10,591 $10,197 $6,000
$22,528 $21,127 $6,000
$43,310 $38,971 $6,000
$59,293 $51,839 $6,000
$88,952 $74,119 $6,000
$112,759 $90,723 $6,000
$154,546 $117,619 $6,000
$187,097 $136,946 $6,000
Orion Indexed Universal Life
Your policy's illustrated values
Valued Client, Male, 49, Preferred, Non-Tobacco
2
4
7
9
12
14
17
19
TP 2,395.07 Case ID: 15776547
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
3.75% alternative crediting rate and current charges
$5,137 $5,010 $6,000
$16,382 $15,569 $6,000
$29,051 $26,877 $6,000
$35,971 $32,824 $6,000
$51,078 $45,310 $6,000
$67,972 $58,556 $6,000
$78,129 $66,209 $6,000
$100,481 $82,290 $6,000
$125,832 $99,422 $6,000
$139,745 $108,388 $6,000
$170,310 $127,137 $6,000
$204,968 $147,045 $6,000
$120,000 $120,000
Deathbenefit
Accumulationvalue
Deathbenefit
Non-guaranteed values
Year
1
3
5
6
8
10
11
13
15
16
18
20
$114,651 $113,978 $6,000 49 $114,524 $898
$120,105 $118,462 $6,000 50 $119,711 $6,179
$125,896 $122,959 $6,000 51 $125,083 $11,645
$132,042 $127,456 $6,000 52 $130,641 $17,298
$138,565 $131,949 $6,000 53 $136,391 $23,144
$145,485 $136,424 $6,000 54 $142,338 $29,187
$152,824 $140,872 $6,000 55 $148,485 $35,998
$160,592 $145,286 $6,000 56 $154,824 $43,328
$168,807 $149,661 $6,000 57 $161,353 $50,848
$177,486 $154,012 $6,000 58 $168,070 $58,556
$187,643 $158,951 $6,000 59 $175,723 $66,209
$198,466 $163,843 $6,000 60 $183,633 $74,119
$209,995 $168,666 $6,000 61 $191,804 $82,290
$222,273 $173,393 $6,000 62 $200,237 $90,723
$235,346 $178,005 $6,000 63 $208,936 $99,422
$249,259 $182,494 $6,000 64 $217,902 $108,388
$264,060 $186,849 $6,000 65 $227,133 $117,619
$279,824 $191,067 $6,000 66 $236,651 $127,137
$296,611 $195,147 $6,000 67 $246,460 $136,946
$314,482 $199,071 $6,000 68 $256,559 $147,045
Using illustrated crediting ratesand current charges†
Surrendervalue
Surrendervalue
Surrendervalue
Netoutlay
Age
Guaranteed values
2.00% crediting rate and maximum charges
Deathbenefit
$1,025 $353 $6,573 $4,930
$12,458 $9,521 $18,700 $14,113 $25,318 $18,702
$32,334 $23,273 $40,337 $28,384 $49,096 $33,790 $58,302 $39,156 $67,972 $44,498
$78,129 $49,437 $88,952 $54,329
$100,481 $59,152 $112,759 $63,879 $125,832 $68,491
$139,745 $72,980 $154,546 $77,335 $170,310 $81,553 $187,097 $85,633 $204,968 $89,557
Accumulationvalue
Premiumoutlay
Using illustrated crediting ratesand current charges
$30,000 $30,000
$60,000 $60,000
$90,000 $90,000
Page 15 of 23
## $244,232 $168,118 $6,000
$278,544 $180,917 $0
$340,144 $202,429 $0
$388,828 $218,264 $0
$474,958 $244,209 $0
$542,366 $263,017 $0
$660,875 $293,555 $0
$751,983 $315,295 $0
Orion Indexed Universal Life
Your policy's illustrated values
Valued Client, Male, 49, Preferred, Non-Tobacco
22
24
27
29
32
34
37
39
TP 2,395.07 Case ID: 15776547
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
3.75% alternative crediting rate and current charges
$223,990 $157,436 $6,000
$260,756 $174,352 $0
$297,630 $187,770 $0
$318,123 $194,932 $0
$363,680 $210,204 $0
$415,686 $226,613 $0
$444,359 $235,260 $0
$507,587 $253,460 $0
$579,423 $272,885 $0
$618,886 $283,066 $0
$705,217 $304,301 $0
$801,221 $326,518 $0
$132,000 $132,000
Deathbenefit
Accumulationvalue
Deathbenefit
Non-guaranteed values
Year
21
23
25
26
28
30
31
33
35
36
38
40
$333,504 $202,833 $6,000 69 $266,950 $157,436
$353,746 $206,394 $6,000 70 $277,632 $168,118
$294,655 $109,913 $0 71 $197,018 $174,352
$309,184 $108,537 $0 72 $200,818 $180,917
$324,417 $107,180 $0 73 $204,669 $187,770
$340,392 $105,854 $0 74 $208,578 $194,932
$357,151 $104,569 $0 75 $212,551 $202,429
$381,865 $105,247 $0 76 $220,715 $210,204
$408,269 $105,904 $0 77 $229,177 $218,264
$436,470 $106,535 $0 78 $237,944 $226,613
$466,577 $107,134 $0 79 $247,023 $235,260
$498,706 $107,699 $0 80 $256,419 $244,209
$532,966 $108,221 $0 81 $266,133 $253,460
$569,485 $108,698 $0 82 $276,168 $263,017
$608,394 $109,126 $0 83 $286,530 $272,885
$649,831 $109,497 $0 84 $297,220 $283,066
$693,918 $109,803 $0 85 $308,232 $293,555
$740,478 $110,034 $0 86 $319,516 $304,301
$789,582 $110,183 $0 87 $331,060 $315,295
$841,282 $110,240 $0 88 $342,844 $326,518
Using illustrated crediting ratesand current charges†
Surrendervalue
Surrendervalue
Surrendervalue
Netoutlay
Age
Guaranteed values
2.00% crediting rate and maximum charges
Deathbenefit
$223,990 $93,319 $244,232 $96,880 #$260,756 $97,268 $278,544 $97,781 $297,630 $98,330
$318,123 $98,929 $340,144 $99,590 $363,680 $100,235 $388,828 $100,861 $415,686 $101,462
$444,359 $102,033 $474,958 $102,570 $507,587 $103,067 $542,366 $103,522 $579,423 $103,930
$618,886 $104,283 $660,875 $104,574 $705,217 $104,795 $751,983 $104,936 $801,221 $104,991
Accumulationvalue
Premiumoutlay
Using illustrated crediting ratesand current charges
$132,000 $132,000
$132,000 $132,000
$132,000 $132,000
Page 16 of 23
$907,278 $349,574 $0
$1,028,181 $374,646 $0
$1,249,313 $418,643 $0
$1,425,789 $451,842 $0
$1,738,275 $506,651 $0
$1,983,770 $546,845 $0
$2,418,547 $613,211 $0
$2,760,157 $661,884 $0
Orion Indexed Universal Life
Your policy's illustrated values
Valued Client, Male, 49, Preferred, Non-Tobacco
42
44
47
49
52
54
57
59
TP 2,395.07 Case ID: 15776547
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
3.75% alternative crediting rate and current charges
$852,972 $337,951 $0
$965,510 $361,770 $0
$1,095,908 $388,328 $0
$1,169,434 $402,970 $0
$1,334,641 $434,925 $0
$1,523,156 $469,418 $0
$1,627,166 $487,679 $0
$1,856,970 $526,364 $0
$2,119,231 $568,126 $0
$2,263,946 $590,237 $0
$2,583,710 $637,081 $0
$2,948,658 $687,654 $0
$132,000 $132,000
Deathbenefit
Accumulationvalue
Deathbenefit
Non-guaranteed values
Year
41
43
45
46
48
50
51
53
55
56
58
60
$895,620 $110,200 $0 89 $354,848 $337,951
$952,641 $110,055 $0 90 $367,053 $349,574
$1,004,130 $109,014 $0 91 $376,241 $361,770
$1,059,027 $108,158 $0 92 $385,885 $374,646
$1,117,826 $107,524 $0 93 $396,094 $388,328
$1,181,129 $107,151 $0 94 $407,000 $402,970
$1,249,313 $107,031 $0 95 $418,643 $418,643
$1,334,641 $107,982 $0 96 $434,925 $434,925
$1,425,789 $108,942 $0 97 $451,842 $451,842
$1,523,156 $109,913 $0 98 $469,418 $469,418
$1,627,166 $110,893 $0 99 $487,679 $487,679
$1,738,275 $111,883 $0 100 $506,651 $506,651
$1,856,970 $112,884 $0 101 $526,364 $526,364
$1,983,770 $113,894 $0 102 $546,845 $546,845
$2,119,231 $114,915 $0 103 $568,126 $568,126
$2,263,946 $115,947 $0 104 $590,237 $590,237
$2,418,547 $116,989 $0 105 $613,211 $613,211
$2,583,710 $118,042 $0 106 $637,081 $637,081
$2,760,157 $119,105 $0 107 $661,884 $661,884
$2,948,658 $120,180 $0 108 $687,654 $687,654
Using illustrated crediting ratesand current charges†
Surrendervalue
Surrendervalue
Surrendervalue
Netoutlay
Age
Guaranteed values
2.00% crediting rate and maximum charges
Deathbenefit
$852,972 $104,952 $907,278 $104,814 $965,510 $104,821
$1,028,181 $105,008 $1,095,908 $105,415
$1,169,434 $106,090 $1,249,313 $107,031 $1,334,641 $107,982 $1,425,789 $108,942 $1,523,156 $109,913
$1,627,166 $110,893 $1,738,275 $111,883 $1,856,970 $112,884 $1,983,770 $113,894 $2,119,231 $114,915
$2,263,946 $115,947 $2,418,547 $116,989 $2,583,710 $118,042 $2,760,157 $119,105 $2,948,658 $120,180
Accumulationvalue
Premiumoutlay
Using illustrated crediting ratesand current charges
$132,000 $132,000
$132,000 $132,000
$132,000 $132,000
Page 17 of 23
$3,365,172 $742,251 $0
$3,840,539 $801,193 $0
$4,682,449 $898,517 $0
$5,343,946 $969,894 $0
$6,515,505 $1,087,751 $0
Orion Indexed Universal Life
Your policy's illustrated values
Valued Client, Male, 49, Preferred, Non-Tobacco
62
64
67
69
72
Total
Surrender value, accumulation value and death benefit columns reflect end-of-year values. Age reflects beginning-of-year value.# Denotes a change to the Death Benefit Option.
TP 2,395.07 Case ID: 15776547
$132,000
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
3.75% alternative crediting rate and current charges
$3,150,036 $714,430 $0
$3,595,005 $771,158 $0
$4,102,848 $832,401 $0
$4,383,076 $864,826 $0
$5,002,273 $933,522 $0
$5,708,962 $1,007,686 $0
$6,098,914 $1,046,952 $0
$132,000
Deathbenefit
Accumulationvalue
Deathbenefit
Non-guaranteed values
Year
61
63
65
66
68
70
71
$3,150,036 $121,265 $0 109 $714,430 $714,430
$3,365,172 $122,362 $0 110 $742,251 $742,251
$3,595,005 $123,470 $0 111 $771,158 $771,158
$3,840,539 $124,589 $0 112 $801,193 $801,193
$4,102,848 $125,720 $0 113 $832,401 $832,401
$4,383,076 $126,862 $0 114 $864,826 $864,826
$4,682,449 $128,016 $0 115 $898,517 $898,517
$5,002,273 $129,182 $0 116 $933,522 $933,522
$5,343,946 $130,359 $0 117 $969,894 $969,894
$5,708,962 $131,549 $0 118 $1,007,686 $1,007,686
$6,098,914 $132,751 $0 119 $1,046,952 $1,046,952
$6,515,505 $133,965 $0 120 $1,087,751 $1,087,751
Using illustrated crediting ratesand current charges†
Surrendervalue
Surrendervalue
Surrendervalue
Netoutlay
Age
Guaranteed values
2.00% crediting rate and maximum charges
Deathbenefit
$3,150,036 $121,265 $3,365,172 $122,362 $3,595,005 $123,470 $3,840,539 $124,589 $4,102,848 $125,720
$4,383,076 $126,862 $4,682,449 $128,016 $5,002,273 $129,182 $5,343,946 $130,359 $5,708,962 $131,549
$6,098,914 $132,751 $6,515,505 $133,965
Accumulationvalue
Premiumoutlay
Using illustrated crediting ratesand current charges
$132,000 $132,000
$132,000 $132,000
Page 18 of 23
Orion Indexed Universal Life
Your policy's illustrated values
Valued Client, Male, 49, Preferred, Non-Tobacco
†Illustrated non-guaranteed values reflect premiums, charges, and credits made based on the illustrated account allocation and interest rate for each account.
Your non-guaranteed illustrated crediting rates per account are shown below.
IMPORTANT: This is an illustration, not a contract. This illustration assumes that the currently illustrated nonguaranteed elements will remain unchanged for all years shown. This is not likely to occur and actual results may be more or less favorable than those shown. Administrative and insurance charges are deducted every month regardless of whether premium outlays are made. Depending upon actual policy experience, the Owner may need to increase premium payments to maintain coverage for the desired duration. Any policy loans and partial surrenders will affect policy values and may require additional premiums to avoid policy termination.
TP 2,395.07 Case ID: 15776547
Initial death benefit: $109,514, Initial annual premium outlay: $6,000.00
Illustrated non-guaranteed values reflect premiums, charges, and credits made based on the illustrated account allocation and interest rate for each account.
1-72Illustrated account Allocation 100% 6.38%Indexed Account A: S&P 500® 1-year
with 100% Participation
Years and illustrated
rates
Page 19 of 23
@OwnerSignatureDateIllus
@AdvisorSignatureDateIllus
5 $6,000 $18,702 $131,949 $21,810 $135,057 $25,318 $138,565
20 $6,000 $89,557 $199,071 $134,902 $244,416 $204,968 $314,482
Orion Indexed Universal Life
Numeric summary of illustrated values
73 (age 121)
I have received a copy of this illustration and understand that any non-guaranteed elements, including the interest credit assumptions illustrated, are subject to change and could be higher or lower. The representative has told me they are not guaranteed. I understand that the indexed accounts do not actually participate in the stock market or the indexes and that past performance should not be considered representative of future results. I also understand that Orion Indexed Universal Life is primarily designed to provide life insurance protection and, accordingly, the fundamental objective of this product is to provide the peace of mind that the life insurance protection provides to families and businesses.
I understand the representative signing below is an appointed agent for and represents Minnesota Life and will provide service with regard to any Minnesota Life product I purchase. I understand Minnesota Life pays cash compensation and may pay non-cash compensation to its representatives, and the amount of the compensation will vary depending on the product purchased, as well as such factors as the product design, benefits, and features that are purchased and incorporated into my insurance program. I also understand that other factors, including the volume of business sold, may impact the amount of cash or non-cash compensation that is paid.
DateSignature of Policyowner
@OwnerSignatureIllus
I certify that this illustration has been presented to the applicant and that I have explained that any non-guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with the illustration. I have received and reviewed the current product training materials provided by Minnesota Life and have not made any statements that are inconsistent with these materials.
I also certify that I presented and explained to the Applicant that the Orion Indexed Universal Life policy does not represent an investment in the stock market and does not participate in any stock or equity investments.
I have not made any promises about the expected future indexed account values within the policy. I believe the information provided is complete and accurate to the best of my knowledge and that the Orion Indexed Universal Life policy is not unsuitable for the Applicant.
DateSignature of Representative Larry Speir
@AdvisorSignatureIllus
Illustration NOT VALID without representative address
Case ID: 15776547 TP 2,395.07
Valued Client, Male, 49, Preferred, Non-Tobacco
NON-GUARANTEED VALUES
Premiumoutlay
Deathbenefit
Year
1 $6,000 $353 $113,978 $679 $114,304 $1,025 $114,651
10 $6,000 $44,498 $154,012 $55,030 $164,544 $67,972 $177,486
22 $6,000 $96,880 $206,394 $153,170 $262,684 $244,232 $353,746
Initial death benefit: $109,514.00, Initial annual premium outlay: $6,000.00
Minimum crediting rateand maximum charges
49 53 58 68 70
Mid-point crediting rateand mid-point charges
GUARANTEED VALUES
Age Surrendervalue
Surrendervalue
Deathbenefit
Surrendervalue
Deathbenefit
Illustrated crediting rateand current charges†
Illustrated crediting rateand current charges
Lapse year 73 (age 121) 73 (age 121)
Page 20 of 23
Additional information
Orion Indexed Universal Life
This is an illustration based upon information provided by you (the customer) or your financial professional. Securian Financial Group and its affiliates are not responsible for the accuracy of the information provided. The illustration and related materials should not be considered investment advice by Securian or a recommendation to engage in (or refrain from) a particular course of action. If you are looking for investment advice or recommendations, please contact your financial professional.
The "S&P 500 Index" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by {CompName} Insurance Company. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Minnesota Life Insurance Company ("Minnesota Life'). The Indexed Universal Life Insurance Policy Series ("the Policies") are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Policies or any member of the public regarding the advisability of investing in securities generally or in the Policies particularly or the ability of the S&P 500 Index to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices only relationship to Minnesota Life with respect to the S&P 500 Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Minnesota Life or the Policies. S&P Dow Jones Indices has no obligation to take the needs of Minnesota Life or the owners of the Policies into consideration in determining, composing or calculating the S&P 500 Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the Policies or the timing of the issuance or sale of the Policies or in the determination or calculation of the equation by which the Policies are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Policies. There is no assurance that investment products based on the S&P 500 Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
i
NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY MINNESOTA LIFE, OWNERS OF THE POLICIES, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND MINNESOTA LIFE, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
Prospective application of the methodology used to construct the index may not result in performance commensurate with the back-test returns shown. Another limitation of using back-tested information is that the back-tested calculation is generally prepared with the benefit of hindsight. Therefore, the hypothetical historical records used to calculate the back-tested results do not account for the impact the market and future factors will have on actual performance.
Index returns do not reflect payment of any sales charges or fees associated with any products that a policy holder would purchase that tracks the performance of the index. If the fees and expenses associated with such products were included, the results would be lower than that which is shown. See https://us.spindices.com/indices/strategy/sp-prism-index, for more details about the PRISM Index, including the methodology used to calculate the index and the manner and timing for rebalancing and the criteria for additions and deletions to the index.
Case ID: 15776547
Valued Client, Male, 49, Preferred, Non-Tobacco
Page 21 of 23
Orion Indexed Universal Life
ii Russell Investment Group. Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000® is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index. Russell 2000® is a registered service mark of Frank Russell Company. The Indexed Universal Life Series Policies are not sponsored, endorsed, sold or promoted by Russell Investment Group, and the Russell Investment Group makes no representation regarding the advisability of the Policies or use of the Russell 2000® Index or any data included therein.
iii Barclay’s Capital Inc., and its affiliates ("Barclays") is not the issuer or producer of the Indexed Universal Life Series Policies ("the Policies") and Barclays has no responsibilities, obligations or duties to investors in the Policies. The Barclays Capital U.S. Aggregate Bond Index is a trademark of Barclays Bank PLC and licensed for use by Minnesota Life Insurance Company ("Minnesota Life") as the Issuer of the Policies. Barclays only relationship with the Issuer in respect of Barclays Capital U.S. Aggregate Bond Index is the licensing of the Barclays Capital U.S. Aggregate Bond Index, which is determined, composed and calculated by Barclays without regard to the Issuer of the Policies or the owners of the Policies. While Minnesota Life may for itself execute transaction(s) with Barclays in or relating to the Barclays Capital U.S. Aggregate Bond Index, the Policies investors shall not acquire any interest in Barclays Capital U.S. Aggregate Bond Index nor do they enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Policies. The Policies are not sponsored, endorsed, sold or promoted by Barclays. Barclays does not make any representation or warranty, express or implied regarding the advisability of investing in the Policies or the advisability of investing in securities generally or the ability of the Barclays Capital U.S. Aggregate Bond Index to track corresponding or relative market performance. Barclays has not passed on the legality or suitability of the Policies with respect to any person or entity. Barclays is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Policies to be issued. Barclays has no obligation to take the needs of the Issuer or the owners of the Policies or any other third party into consideration in determining, composing or calculating the Barclays Capital U.S. Aggregate Bond Index. Barclays has no obligation or liability in connection with administration, marketing or trading of the Policies. The licensing agreement between Minnesota Life and Barclays is solely for the benefit of Minnesota Life and Barclays and not for the benefit of the owners of the Policies, investors or other third parties.BARCLAYS SHALL HAVE NO LIABILITY TO THE ISSUER, INVESTORS OR TO OTHER THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX OR ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN THE DELIVERY OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX. BARCLAYS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER, THE INVESTORS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX OR ANY DATA INCLUDED THEREIN. BARCLAYS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX OR ANY DATA INCLUDED THEREIN. BARCLAYS RESERVES THE RIGHT TO CHANGE THE METHODS OF CALCULATION OR PUBLICATION, OR TO CEASE THE CALCULATION OR PUBLICATION OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX, AND BARCLAYS SHALL NOT BE LIABLE FOR ANY MISCALCULATION OF OR ANY INCORRECT, DELAYED OR INTERRUPTED PUBLICATION WITH RESPECT TO ANY OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX. BARCLAYS SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY LOST PROFITS AND EVEN IF ADVISED OF THE POSSIBILITY OF SUCH, RESULTING FROM THE USE OF THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX OR ANY DATA INCLUDED THEREIN OR WITH RESPECT TO THE INDEXED UNIVERSAL LIFE SERIES POLICIES.
None of the information supplied by Barclays and used in this publication may be reproduced in any manner without the prior written permission of Barclays Capital, the investment banking division of Barclays Bank PLC. Barclays Bank PLC is registered in England No. 1026167. Registered office 1 Churchill Place London E14 5HP.
Case ID: 15776547
Valued Client, Male, 49, Preferred, Non-Tobacco
Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
Page 22 of 23
Orion Indexed Universal Life
iv STOXX and its Licensors will not have any liability in connection with the Indexed Universal Life Series Policies ("the Policies"). Specifically,
STOXX and its Licensors do not make any warranty, express or implied and disclaim any and all warranty about:
The results to be obtained by the Policies, the owner of the Policies or any other person in connection with the use of the EURO STOXX 50® and the data included in the EURO STOXX 50®;
The merchantability and the fitness for a particular purpose or use of the EURO STOXX 50® and its data;
Under no circumstances will STOXX or its Licensors be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX or its Licensors knows that they might occur.
The licensing agreement between the Minnesota Life Insurance Company and STOXX is solely for their benefit and not for the benefit of the owners of the Policies or any other third parties.
-
-
-
•
•
•
Orion Indexed Universal Life is designed to provide life insurance protection. While the Interest crediting options available with the product are attractive for cash value accumulation, your fundamental objective in buying this product should be the peace of mind that the life insurance protection provides to you and your family or business.
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. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. 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.
Securian Financial is the marketing name for Securian Financial Group, Inc., and its affiliates. Minnesota Life Insurance Company and Securian Life Insurance Company are affiliates of Securian Financial Group, Inc.
Policy Form Numbers: ICC16-20073, 16-20073~, ICC16-20057, 16-20057~, ICC16-20058, 16-20058~, ICC16-20083, 16-20083~, ICC15-20030, 15-20030~, ICC13-939, 08-939~, 16-20082~, ICC09-915, 09-915~, 16-20077~, ICC11-916, 11-916~, ICC16-20081, 16-20081, 12-301~, ICC13- 937, 13-937~, 06-914~, ICC16-20060, 16-20060~, ICC15-20040, 15-20040~, 06-944R~
~ State variations apply.
Not a deposit - Not FDIC/NCUA insured - Not insured by any federal government agency - Not guaranteed by any bank or credit union - May go down in value
Case ID: 15776547
Valued Client, Male, 49, Preferred, Non-Tobacco
The accuracy or completeness of the EURO STOXX 50® and its data;
STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the EURO STOXX 50® or its data;
Page 23 of 23
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