Term Life

Term Life Insurance can help you make good on the financial commitments you've made to your family, even if the unexpected were to happen to you. Whether it's protection while you're paying off your home mortgage or until college graduation, Term Life Insurance offers an easy-to-buy, affordable option for helping your family meet its financial goals.

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Features of Term Life

Up to $250,000 in coverage 1

Easy, online application

No medical exam required

Choose your length of coverage
(10, 15 or 20 years)

Affordable coverage with fixed
monthly premium payments

About Term Life Insurance

Term Life Insurance3 can help you deliver on your commitment to provide for your family financially for a specific time, like through your children's college years, even if the unexpected happens. Whether it's protection for the duration of your home mortgage or until college graduation, Term Life Insurance offers an easy-to-buy, affordable option for protecting your financial goals.

Additional Benefits

Accelerated Death Benefit Agreement - You can request an early payment of 100% of your death benefit in the event of your terminal illness. If you receive an accelerated death benefit, your coverage under the policy will end.

Conversion Privilege - After your coverage has been in force for one year you may convert your policy during the next five years your policy is in force (up to the age of 65) to a non-participating whole life policy.

Renewal Provision - At the end of your policy term, you may choose to renew your policy in 1-year increments - without undergoing additional underwriting. Premiums will increase annually.

Frequently Asked Questions

What type of life insurance is this?
This is a Term Life Insurance policy, which provides a guaranteed coverage amount during the time period you select as long as premiums are paid.*

Who is eligible for Term Life Insurance?
Individuals between the ages of 18 to 60 years old are eligible to apply.

Will I be required to have a medical exam?
No, you only need to answer the health questions on the application. If additional information is required, Minnesota Life will contact you.

Will my premiums increase during my initial term of coverage?
Your policy's premium is guaranteed to not increase during the policy term that you select at enrollment.

How can I apply for Term Life Insurance?
Applying for Term Life Insurance is easy! You'll be on your way to protecting your family in just three easy steps:

Step 1: Determine the coverage amount and term that fits your needs.

Step 2: Complete the application from the privacy of your home.

Step 3: Provide your e-signature consent.

You will receive notification of your application status within five to ten days after your application has been submitted.

Who stands behind this insurance plan?
Minnesota Life Insurance Company is the underwriter of this coverage and is consistently highly rated for financial strength and claims-paying ability by the four independent rating agencies (A.M. Best, Fitch, Moody's Investors Service and Standard & Poor's). Visit www.minnesotalife.com/ratings for more information.

Is this coverage available in my state?
This product may not be available in all states. Please contact us if you have any questions.

How long can I keep my coverage?
Your coverage amount is guaranteed for the entire policy term that you select - either 10, 15 or 20 years -as long as premiums are paid.*

Can my coverage be reduced if I get sick?
No, once your application is approved your coverage cannot be rescinded or reduced due to a change in your health condition.*

When will my coverage begin?
Your coverage becomes effective after your application is approved and Minnesota Life receives your first premium payment.

How much will the insurance cost?
Premiums are based on several different factors including age, gender, tobacco use and the term and amount of insurance coverage you choose.

Get a quote today to determine the plan that meets your needs.

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* Life insurance is issued based on your answers to application questions. Your policy may be rescinded within the first two years of your answers on the application are not truthful.

1 Up to $150,000 for ages 56-60.

2 Visit www.securian.com/ratings for more information.

3 Individual Term Life Insurance is underwritten by Minnesota Life Insurance Company, 400 Robert Street North, Saint Paul, MN 55101-2098, an affiliate of Securian Financial Group, Inc. Product availability and features may vary by state. Not available in New York. Coverage is made available under policy form series ICC13-50780, 13-50788 and any state variation thereof.

4 Fajgenbaum, Chesson, & Lanzi, 2012.

5 American College Health Association-National College Health Assessment II: Reference Group Executive Summary Spring 2014.

Insurance products are issued by Minnesota Life Insurance Company, 400 Robert Street North, Saint Paul, MN 55101-2098, an affiliate of Securian Financial Group, Inc. Product availability and features may vary by state. Not available in New York. Whole life insurance coverage is made available under policy form series ICC13-110, 13-110 and any state variation thereof. Term life insurance coverage is made available under policy form series ICC13-50780, 13-50788, and any state variation thereof. Not available in New York.

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