This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ING U.S. Introduces New Flagship Indexed Universal Life Insurance Product

MINNEAPOLIS, Oct. 16, 2012 /PRNewswire/ -- ING U.S. announced today that its Insurance operations has launched a new "all-in-one" indexed universal life (IUL) product that includes potential for long-term accumulation and death benefit coverage for individuals and businesses.  ING Indexed Universal Life – Global Choice (ING IUL-Global Choice), issued by Security Life of Denver Insurance Company, emphasizes choice and flexibility.  Policyholders have four different crediting strategies available to them as well as the ability to allocate their premiums across the strategies.  Also available are new options that hold particular appeal for executive benefit and premium financing programs. 

"ING IUL-Global Choice is a versatile life insurance policy with cash-value accumulation potential designed to help individuals, executives and employers achieve their financial goals" said Daniel Mulheran, president of ING Life Distribution.  "In this protracted and chronic low interest-rate environment, a product like this appeals to those who are seeking death benefit coverage and tax-advantaged cash-value accumulation.  We know there's a growing interest in the market for indexed products, and we believe the ING IUL-Global Choice policy uniquely addresses the needs of our distribution partners and their clients."

Indexed universal life has emerged as one of the fastest-growing product segments of the insurance industry.  Sales were up 29 percent during the first half of 2012 and represented just over 25 percent of all universal life (UL) sales, according to LIMRA industry data.  Indexed life insurance products — which provide upside crediting potential if markets perform well along with protection against market downturns — are attractive to clients needing life insurance in today's low interest rate environment and unsettled markets.

Another emerging trend driving IUL growth is the increasing popularity of self-owned life insurance as a way for employers to reward and retain key employees.  ING IUL-Global Choice is a life insurance policy providing death benefits that may also help meet the retirement planning needs of executives.  The product includes a rider, available for an additional charge, which allows policyholders early access to the cash value of the policy.  This is an important feature for Self-Owned Life and Retirement (S.O.L.A.R.) insurance arrangements.  In addition to providing death benefit coverage, S.O.L.A.R. insurance arrangements may also provide employees with supplemental retirement income through a cash-value life insurance policy.  Employers are increasingly adding S.O.L.A.R. insurance arrangements to executives' compensation packages.  ING U.S. has seen a marked increase in the use of S.O.L.A.R. insurance arrangements in the past year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs