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Securian forays into New York individual life insurance market

Securian Life Insurance Company has entered New York’s individual life insurance market with Eclipse Indexed Universal Life Insurance.

According to Securian Life Insurance, Eclipse gives policy owners the choice of three death benefit payout options that can be raised or lowered, depending on client needs.

The other features of the product include: three index account choices; optional death benefit guarantee rider three percent cash accumulation guarantee upon death or contract termination.

Securian Financial Group national sales vice president Larry Cochrane said, Eclipse is the right product at the right time. It provides a death benefit but also gives policyholders what they’re looking for during uncertain economic times opportunities for cash value growth with down side protection.

Securian Life previously was licensed in New York to sell group life insurance.