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Minnesota Life Insurance Company has a new indexed universal life product, Omega Builder IUL, offered exclusively through AMZ Financial, that includes an Income Protection Agreement (“IPA”). The IPA incorporates a feature that allows policy owners to arrange for the death benefit to be paid as an irrevocable settlement option in a combination of installment payments and lump sum payouts. 

“The IPA offers advantages to the policy owner and the beneficiaries,” said Ben Roth, national sales vice president, Minnesota Life. “The policy owner has an opportunity to generate more cash value while he or she is alive. It also allows the policy owner to establish a stream of income for the beneficiaries.”

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