AccumuLink Advance
Status:
Active
Group:
Minnesota Life
Company:
Minnesota Life Insurance Company
Product Type:
RILA
Product Status:
Approved
Version:
0
Inception Date:
August 15, 2025
Closed Date:
Last Modified:
March 19, 2026 10:18
Description:
AccumuLink Advance is an individual single premium deferred index-linked annuity. The minimum purchase payment is $25,000 for qualified and non-qualified plans. Up to 10% of the purchase payment may be withdrawn in the first contract year, and up to 10% of the contract value may be withdrawn annually thereafter. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC. Current GMSV Purchase Payment Percentage- 87.5% GMSV with an Interest Rate of 2.5%. Product Plan type include Inherited NQ plan type.
Fee Based:
No
Free Look:
Yes
Plan Types:
Roth IRA, Non-Qualified, IRA, SEP IRA
Premium Types:
Single
States Available:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Standard Death Benefit | Standard Death Benefit | 1 | 15 Aug 2025 |
| Accelerated Death Benefit Rider | Accelerated Death Benefit Rider | 2 | 15 Aug 2025 |
| Return of Purchase Payment Death Benefit | Return of Purchase Payment Death Benefit | 3 | 15 Aug 2025 |