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EXHIBIT 5(bb)
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VARIABLE GROUP UNIVERSAL LIFE
MINNESOTA LIFE PARTIAL SURRENDER ENDORSEMENT
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Minnesota Life Insurance Company - 000 Xxxxxx Xxxxxx Xxxxx - Xx. Xxxx, Xxxxxxxxx
00000-0000
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This endorsement amends the Variable Group Universal Life certificate to which
it is attached effective .
Under the "SURRENDERS AND WITHDRAWALS" section of the certificate, the provision
entitled "IS A PARTIAL SURRENDER PERMITTED?" has been amended in its entirety to
read:
IS A PARTIAL SURRENDER PERMITTED?
Yes. The owner may make a partial surrender of the net cash value under this
certificate. The amount of a partial surrender must be $500 or more and cannot
exceed 100% of the net cash value of this certificate. A partial surrender will
cause a decrease in the face amount equal to the amount surrendered. has no
effect on the face amount of the death benefit. However, since the account value
is reduced by the amount of the partial surrender, the death benefit will be
reduced by this same amount at the time of the partial surrender. We reserve the
right to change the minimum amount or limit the number of times the owner may
make a partial surrender.
Agreed to by Minnesota Life Insurance Company.
/s/ Xxxxxx X. Xxxxxxxxx /s/ Xxxxxx X. Xxxxxxx
Secretary President
00-30159 Minnesota Life 1
