Securian and Minnesota Life Add Two Ivy Funds VIPs to Variable Products

ST. PAUL, Minn.--(BUSINESS WIRE)--Minnesota Life and Securian Life Insurance Companies recently added two Ivy Funds Variable Insurance Portfolios to the Minnesota Life Waddell & Reed Advisors Retirement Builder Variable Annuity and Waddell & Reed Advisors Accumulator Variable Universal Life products distributed through Waddell & Reed financial advisors.

“These funds were added to Retirement Builder and AVUL to provide a broader array of fixed income choices for contract holders”

That means Waddell & Reed advisors can offer the Ivy Funds VIP Global Bond and Limited-Term Bond investment options, among others, to new and existing clients who own Retirement Builder and AVUL products.

"These funds were added to Retirement Builder and AVUL to provide a broader array of fixed income choices for contract holders," said Marshal Urbanz, senior key account manager, Securian Financial Group, Inc. Illustrations, updated sales literature and new forms will be available.

Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company.

Waddell & Reed, Inc. provides comprehensive financial planning services to clients throughout the United States through its network of nearly 1,900 financial advisors. Waddell & Reed, Inc. also serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and InvestEd Portfolios, Inc. The Ivy Funds are managed by Ivy Investment Management Company and distributed by its subsidiary, Ivy Funds Distributor, Inc. Both Waddell & Reed, Inc. and Ivy Funds Distributor, Inc. are subsidiaries of Waddell & Reed Financial, Inc. (NYSE: WDR).

Insurance products offered by Minnesota Life Insurance Company, variable products distributed by Securian Financial Services, Inc., Member FINRA/SIPC. 400 Robert Street North, St. Paul, MN 55101-2098 • 1-800-820-4205. ©2011 Securian Financial Group, Inc. Waddell & Reed, Inc. is not affiliated with Securian Financial Group, Inc. and its affiliates. All rights reserved. Securian Financial Group, Inc. www.securian.com.

The Waddell & Reed Advisors Accumulator Variable Universal Life is a variable life insurance contract issued by Minnesota Life Insurance Company, St. Paul, Minnesota. The Waddell & Reed Advisors Retirement Builder Annuity (W & R Annuity) is a variable annuity issued by Minnesota Life Insurance Company (Minnesota Life), St. Paul, Minnesota. Securian Financial Services, Inc. is the broker-dealer affiliate of Minnesota Life. The general distributor for both Waddell & Reed Advisors Variable Universal Life and the Waddell & Reed Advisors Retirement Builder Annuity is Waddell & Reed, Inc.

This must be preceded or accompanied by a current prospectus. You should consider the investment objectives, risks, charges and expense of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. Please read the prospectuses carefully before investing.

Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods. Variable life insurance products contain fees, such as management fees, fund expenses, distribution fees and mortality and expense charges. The variable investment options are subject to market risk, including loss of principal.

An annuity is a long-term, tax deferred investment vehicle designed for retirement. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59 ½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax qualified plan, the tax-deferral feature offers no additional value. Not FDIC/NCUA insured. Not bank guaranteed. Not insured by any Federal Government Agency. There are charges and expenses associated with annuities, such as deferred sales charges for early withdrawals. Variable annuities have additional expenses such as mortality and expense risk, administrative charges, investment management fees and rider fees. Variable annuities are subject to market fluctuation, investment risk and loss of principal.

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