Whole Life Insurance
Whole Life insurance provides insurance coverage with a guaranteed death benefit to meet long-term insurance needs. Your employees can take comfort in the guaranteed level premiums and the cash value accumulation throughout the duration of the policy.
Whole life insurance provides a base of life insurance coverage for a lifetime. It offers life insurance protection, tax-deferred1 cash accumulation (based on current tax laws), and cash value loan privileges - all in one policy.
The premium is based on the death benefit selected and optional riders, as well as age and tobacco status. The insurance coverage, premium amounts, and cash value are guaranteed as long as the employee pays the required premium.
1 This communication is not intended or written to be used, and cannot be used by the recipient or any other person, for the purpose of avoiding any tax penalties that maybe imposed on such a person, and cannot be used or referred to, in promoting, marketing, or recommending to another party any transaction or matters addressed herein.
Employee Benefits insurance products and services in the U.S. are provided by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the ING U.S. family of companies. Product availability and specific provisions may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.