ING Employee Benefits Launches New Accident Insurance Product

March 29, 2006 Minneapolis, MN and Denver, CO Share: Print Subscribe to Email Alerts

ING Employee Benefits (ING) today announced the availability of a new Accident insurance product, designed to be utilized in the voluntary/worksite marketing arena. This product is an important addition to ING’s existing suite of group and voluntary insurance offerings.

Consumers may not realize how likely it is that they may experience an accident, but according to the National Safety Council Injury Facts 2005-2006 Edition, one in twelve Americans sought medical attention for an injury in a one year period. At the same time, they may also underestimate how expensive accidents can be.

“Given the many unexpected costs that can be incurred by just one accident, this product can offer important financial protection for consumers,” said Curt Olson, President of ING Employee Benefits U.S. “Consumers may not recognize all of costs that can be associated with accidents, which can include everything from x-rays to physical therapy and hospital stays to child care. This coverage provides a direct payment to the covered individual which they may use to help offset some of those unplanned expenses.”

A leader in traditional group insurance benefits and voluntary insurance products, ING offers a variety of insurance products through ReliaStar Life Insurance Company and its affiliates to supplement the core benefits provided by the employer. With Accident Insurance, covered individuals receive defined benefits for specified services and conditions resulting from a covered accident. Accident insurance is a limited benefit policy and is not intended to replace traditional medical insurance.

Other features of ING’s Accident insurance product

  • Comprehensive Plan Features: Employers can choose one of three plan design options, reflecting a range of cost and benefit levels. This ensures that the plan design will suit the unique needs of the group.
  • Flexible Coverage Options: Employees are able to choose the coverage that best suits their life situation, including: Employee-only, employee and spouse, full family (employee, spouse and dependent), or single-parent (employee and dependent) coverage.
  • Convenience for Consumers: Like all ING voluntary insurance products, Accident insurance offers an affordable option with the convenience of payroll deduction.
  • Attractive Compensation Programs: ING Accident insurance offers competitive compensation programs to reward producers for both the quantity and quality of business sold.

ReliaStar Life Insurance Company is a member of the ING family of companies. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues. Policy form # RL-ACC2005-POL. Product availability may vary by state.

Press inquiries

Caroline Campbell, ING U.S. Financial Services, 212-309-5931

About ING

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of more than 113,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include 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 more than 15 million customers across the nation. For more information, visit www.ing.com.