July 17, 2020 Deadline! Rate Increase up to 13.5% on Minnesota Life SecureCare Hybrid Life and Long Term Care Insurance

Hybrid Life and Long Term Care Insurance policies provide long term care benefits if you need long term care or a death benefit if you die without needing long term care; or both. Hybrid policies provide guaranteed benefits with guaranteed rates (your rates can never be increased). 

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Securian Financial is committed to building secure tomorrows by doing the right thing today. To deliver on this promise and in response to the historically low interest rate environment,

Please note: these changes impact new business only, there are no changes to in-force policies.

Given the extremely low interest rate environment and historic volatility in the markets, increasing premiums is a necessary step to ensure policyholders are protected and to maintain the long-term vitality of the product. The pricing updates were carefully selected to ensure SecureCare remains highly competitive in the linked-benefit space.

For new business only, expect premiums to increase an average of:

Single-pay: 13.5%

5- and 7-pay: 10.5%

10- and 15-pay: 7%

Aaron Skloff, AIF, CFA, MBA

CEO - Skloff Financial Group

Phone: 908-464-3060

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