Minnesota Life

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.

Advantage Elite Select offers: a guaranteed death benefit for 5, 10, 15, 20 or 30 years. Shortened conversion periods—5-, 10- and 15-year durations have 5-year conversion periods, and 20- and 30-year durations have 10-year conversion periods. For an additional premium, an extended conversion agreement allows an insured to extend the conversion period for the full duration of the policy or age 75, whichever is earlier. 

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