Advantage Elite Term: Conversion opportunities

Converting your life insurance: An important benefit

One of the great things about Advantage Elite Term life insurance is that you may convert your coverage within your policy term as long as you are under age 75. Why is this such a great benefit? Becauseyou can apply for and receive insurance now, while your age and health status are favorable, and obtain permanent insurance if you convert before age 76 - without providing additional proof of good health.

Here are the details:
  • You can convert any/all of existing coverage (including Waiver of Premium) from Advantage Elite Term to one of four Minnesota Life permanent contracts.
  • No evidence of insurability is required at conversion.
  • A Minnesota Life financial professional will help you choose the whole life insurance product that's right for you:
    • Classic Life - traditional whole life protection. Nonadjustable.
    • Adjustable Life - changes as your needs change. Builds cash value at a guaranteed rate.
    • Variable Adjustable Life - changeable, builds cash value according to investment options you choose.
    • Variable Adjustable Life Horizon - changeable, builds cash value according to investment options you choose; has preferred rate class.

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