ING announces new Indexed Universal Life product

March 25, 2009 Minneapolis Share: Print Subscribe to Email Alerts

ING Life Companies introduced a new indexed universal life insurance product, entitled ING Indexed Universal Life-CV (ING IUL-CV). ING IUL-CV offers traditional universal life benefits with the opportunity to earn an index credit linked, in part, to any increases in the S&P 500 1 (subject to a maximum index credit rate cap) with protection from downside risk through a minimum interest guarantee.

“The new ING IUL-CV is a product that can work well for a range of client needs — from executive benefit and business-continuation planning for businesses to retirement and wealth-management planning for individuals,” said Daniel Mulheran, president of ING Life Distribution. “Because of the indexed feature, there is a potential for stronger long-term surrender values when you compare it to many traditional UL products. This upside potential can be an attractive option for many insurance buyers.”

ING IUL-CV features include:

  • Potential for stronger long-term surrender values
  • Fixed and indexed crediting strategies
  • Unlimited rolling targets and heaped commissions
  • Guaranteed-issue underwriting available for corporate sales
  • Waiver of surrender charge rider available for traditional premium finance cases
  • Preferred loans currently available beginning in the 11th policy year
  • A full range of key riders, including accelerated benefit rider, adjustable term insurance rider, overloan lapse protection rider, additional insured rider, waiver of specified premium rider and more.

For more information about ING IUL-CV, contact ING Life Sales Support at 866-ING-SELL.

ING Indexed Universal Life-CV, policy form series #1178, with both a fixed and an equity-indexed strategy, may vary by state and may not be available in all states and is issued by Security Life of Denver Insurance Company (Denver), a member of the ING family of companies. All guarantees are based on the financial strength and claims-paying ability of Security Life of Denver Insurance Company, which is solely responsible for the obligations under its own policies.

Press inquiries

Phil Margolis, ING, 860-580-2676, or phil.margolis@us.ing.com

About ING

ING is a global financial institution of Dutch origin banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 125,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

In the U.S., the ING (NYSE: ING) family of companies offers a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 29 million customers across the nation.

For more information, visit www.ing.com/US.


1
The S&P 500 (Standard & Poor’s 500 Composite Stock Price Index) is an index of the stock performance of 500 publicly traded companies that does not reflect the dividends payable on the underlying stocks. If the S&P 500 is discontinued, becomes unavailable or if calculation of the index is substantially changed, we will substitute a successor index of our choosing (subject to the approval of the state insurance authorities).


“Standard & Poor’s,” " S&P," “S&P 500,” “Standard & Poor’s 500,” and “500” are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by Security Life of Denver Insurance Company. This product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing this product.