Supplement dated June 26, 2025, to the following Minnesota Life Prospectuses dated May 1, 2025:
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Variable Adjustable Life |
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Variable Adjustable Life-SD |
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Variable Adjustable Life Horizon |
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Variable Adjustable Life Summit |
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Variable Adjustable Life Survivor |
The previously announced change in administrator for the above listed policies has been delayed.
As we previously notified you, the administration of your policy will be transferring from the Minnesota Life Insurance Company (“Minnesota Life” or
“Us”) to EXL Service Technology Solutions, LLC (“EXL”) pursuant to the previously announced reinsurance and administration transaction with S. USA Life Insurance Company. The transfer of administration was originally scheduled to
commence on August 1, 2025. The timing for the conversion has now been delayed until August 30, 2025 (the “New Conversion Date”).
This supplement deletes and replaces the Until the Conversion Date, the May 1,
2025 prospectus is modified as described below and the Changes Commencing on or After the Conversion Date sections of the May 1, 2025, product supplement as detailed below.
Until the New Conversion Date, the May 1, 2025, prospectus is modified as described below.
Contact Information
Up until the New Conversion Date,
all servicing requests should continue to be directed to Us using the following contact information:
Mailing Address:
Minnesota Life Insurance Company,
400 Robert Street North,
Saint Paul, MN 55101
Telephone:
1-844-208-2412
Facsimile:
651-665-6955
Changes Commencing on or After the New Conversion Date
Beginning on the New Conversion Date (August 30, 2025), all requests should be submitted to Our Designated Service Provider using the contact information
provided in your May 1, 2025, prospectus.
Reduction of Transactional Charges
Commencing on the New Conversion Date, the current charge we assess for the below transaction types is reduced to $0. The maximum charge that we reserve the
right to assess for each transaction type remains unchanged after the New Conversion Date.
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Current Transfer Charge |
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Current Policy Adjustment
Charge |
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Current Partial Surrender
Policy Adjustment |
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Through
August 29,
2025 |
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Starting
August 30,
2025 |
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Through
August 29,
2025 |
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Starting
August 30,
2025 |
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Through
August 29,
2025 |
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Starting
August 30,
2025 |
| VAL |
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$0 |
|
$0 |
|
$25 |
|
$0 |
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Lesser of 2%
or $25 |
|
$0 |
| VAL Horizon |
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$10 |
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$0 |
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$25 |
|
$0 |
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Lesser or 2%
or $25 |
|
$0 |
| VAL SD |
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$10 |
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$0 |
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$95 |
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$0 |
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Lesser of 2%
or $95 |
|
$0 |
| VAL Summit |
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$10 |
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$0 |
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$25 |
|
$0 |
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Lesser of 2%
or $25 |
|
$0 |
| VAL Survivor |
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$10 |
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$0 |
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$95 |
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$0 |
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Lesser of 2%
or $25 |
|
$0 |
Administrative Procedure Changes
Commencing on the day of the New Conversion Date
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When processing loan payments, Minnesota Life has the right to apply loan payments first to any balances
attributable to the General Account. Minnesota Life currently enforces this restriction, but intends to waive this requirement commencing on the New Conversion Date and will instead allocate loan repayments in accordance with your instructions. If
you do not provide specific allocation instructions, We will allocate loan repayments to the Guaranteed Principal Account Actual Cash Value and separate account Actual Cash Value in the same proportion that those values bear to each other and, as to
the Actual Cash Value in the separate account, to each sub-account in the proportion that the Actual Cash Value in such sub-account bears to Your Actual Cash Value in
all of the sub-accounts. |
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Minnesota Life currently accepts certain policy loan requests via telephone. Commencing on or around the New
Conversion Date, We will no longer accept loan requests via telephone and policy loans may only be requested in writing by mail or via facsimile. |
Please retain this supplement for future reference.
F109493 06-2025