ING enhances Variable Accumulation Design, Variable Universal Life Survivorship Product

March 14, 2006 Minneapolis, MN Share: Print Subscribe to Email Alerts

ING has announced that it has revamped its Variable Accumulation Design (VAD) survivorship variable universal life (SVUL) insurance offered through its subsidiary, ReliaStar Life Insurance Company. The product is designed for individuals who need life insurance protection, as well as cash accumulation features that can be used in split-dollar, estate planning or supplemental retirement income situations.

“Variable Universal Life remains an important product for those who want cash value life insurance with growth potential,” said Jim Gelder, president of ING Life Distribution. “The continued improvement of SVUL products through more features and lower expenses, makes it easier for producers to help meet clients’ needs,” Gelder added.

The new product enhancements include:

  • A lifetime death benefit guarantee –This guarantees a policy will not lapse (depending on certain criteria and state approval). There is no charge for this guarantee.
  • Lower mortality and expense risk charges – ING has lowered the mortality and expense charges for years six through 10. The charges are dropped after the 10th policy year.
  • Overloan Lapse Protection Rider – This rider helps keep heavily leveraged policies from lapsing.
  • Monthly amount charge banded with lower rates at face amounts $1 million and up.
  • Designated deduction option – Clients may choose a specific investment option from which monthly charges will be taken.

The VAD SVUL includes a variety of flexible policy features including three death benefit options, access to cash through policy loans or partial withdrawals, no maturity age, and the ability to split the policy into two single life policies in the event of divorce or business dissolution.

The product also includes more than 60 variable investment options managed by some of America’s leading money-management companies, including Capital Research and Management Company (American Funds); Fidelity Investments; ING Investment Management Co. (ING Funds); Julius Baer Investment Management, LLC; OppenheimerFunds INC.; Pacific Investment Management Company (PIMCO), and T. Rowe Price and Associates.

These products enhancements are part of a series of product and marketing activities ING is undertaking in conjunction with its “Think VUL” campaign. The effort includes: VUL success stories to help producers with situational solutions, product enhancements, specialized marketing materials, and more.

For more information about the VAD SVUL, life insurance producers should contact their ING representative or ING’s National Sales Support Team at 1-866-ING-SELL

Variable Accumulation Design SVUL, policy form #85-911, is issued by ReliaStar Life Insurance Company and distributed by ING America Equities, Inc., 1290 Broadway, Denver, CO 80203. Both are members of the ING family of companies.

Variable insurance products are offered by registered representatives and by prospectus only. To solicit variable insurance products you must maintain a variable insurance license and be a registered representative of a broker dealer that has a current selling agreement with the issuing company. Products issued by ReliaStar Life Insurance Company may not be available in all states.

ING is a global financial institution of Dutch origin offering banking, insurance and asset
management to over 60 million private, corporate and institutional clients in more than 50 countries.

With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of
prominent companies that increasingly serve their clients under the ING brand.

In the U.S. (NYSE: ING), the ING family of companies offer 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 over 15 million customers across the nation. For more information, visit

Press inquiries

ING U.S. Financial Services
Philip Margolis,, 860-723-4783