Variable Adjustable Life Summit (VAL Summit):
A flexible policy for all of life's twists and turns

VAL Summit is a life insurance contract that combines:

• Investment flexibility
• Traditional insurance provisions
• Guaranteed insurance protection
• Liquidity to meet specific financial goals
• Important income tax advantages

Investment options
The investment options available in Minnesota Life's Variable Adjustable Life (VAL) insurance policies are professionally managed by leading asset management firms, including:

• Minnesota Life Guaranteed Account
• Advantus Capital Management
• AIM Investments
• American Century Investments
• Credit Suisse Asset Management
• Fidelity Investments
• Franklin Templeton Investments
• Janus
• MFS Investment Management
• Oppenheimer Funds
• Putnam Investments
• Waddell & Reed

Investment flexibility
You can choose from a range of investment options, from conservative to aggressive and domestic to international. You can build your portfolio with close to 50 different investment subaccount options. Your cash values may increase or decrease, depending on the performance of the subaccount options you select, and when redeemed may be worth more or less than originally invested. Keep in mind that you can lose money by investing in a variable product.

Money in variable subaccounts is subject to charges in addition to those associated with the life insurance policy: management fees, fund expenses, distribution and mortality and expense charges.

Adjust your life insurance protection to meet your needs
With VAL Summit, you can tailor your life insurance program to meet your needs. You start by choosing a combination of protection and premium that meets your needs now. You can "adjust" your coverage throughout your entire lifetime.

Access to cash values
VAL Summit offers you the ability to access your cash values needed to help meet specific financial goals, such as college funding or supplementing retirement income. Loans and withdrawals will reduce cash value and death benefits. There are surrender charges on any withdrawals made within the first 10 years. There may also be an IRS penalty for withdrawals prior to age 59 1/2.

Tax advantages
VAL Summit combines the tax benefits of traditional life insurance with investment flexibility.

• Your cash value grows tax-deferred.
• All transfers among subaccounts are tax-free.
• You pay no income tax on money you borrow from your policy.¹
• You can withdraw money from your policy, up to the amount of premiums you've paid.²
• Your beneficiary receives the policy proceeds tax-free.

¹ Policy loans may create an adverse tax result in the event of a lapse or policy surrender.

² Tax reform measures may tax policy withdrawals under certain circumstances. Consult your tax advisor for more details.

Tax Considerations
This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances.

Plan Guarantee
All Minnesota Life VAL Summit policies include our Plan Guarantee. It guarantees the face amount of insurance and premium payment for a determined length of time, regardless of investment performance.

As your needs change and you "adjust" your policy face amounts or premiums, the plan of insurance (guarantee period) will also change.

With some variable policies, if the selected investment options don't meet expectations, premiums could increase, coverage could decrease or the policy could lapse. Plan Guarantee assures that won't happen with Minnesota Life's VAL policies.

The guarantees for VAL Summit are solely based on the financial strength and claims-paying ability of Minnesota Life. The financial strength and claims-paying ability of Minnesota Life is very important, however does not have any bearing on the performance of the investment options.

Minnesota Life variable adjustable life products are distributed through:
Securian Financial Services, Inc.
400 Robert Street North, St. Paul, MN 55101-2098
Securities Dealer, Member FINRA/SIPC
1-888-237-1838

You should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. You may obtain a copy of the prospectus from your representative. Please read the prospectuses carefully before investing.

Contact a financial advisor to find out more about VAL Summit.

Contact a financial advisor to find out more about VAL Summit.

Adjustable Life and Variable Adjustable Life policies from Minnesota Life feature the Adjustable Concept^TM life insurance guarantee. This responsive and updateable guarantee is available only through Minnesota Life. Ask your financial advisor about the Adjustable Concept.^TM

Guarantees are based on the financial strength and claims paying ability of Minnesota Life.