This Day On The Street
Continue to site
ADVERTISEMENT
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. Expands Its Suite Of Retirement Income Solutions With New ING Lifetime Income Annuity

WINDSOR, Conn., March 5, 2013 /PRNewswire/ -- ING U.S. announced today that it has expanded its lineup of retirement income product and service offerings with the launch of the new ING Lifetime Income single premium deferred fixed annuity issued by ING USA Annuity and Life Insurance Company (ING USA).  This retail product provides income benefits to help individuals plan for their retirement including income increases the longer income is delayed.  It also allows the flexibility to access those funds when needed (resulting in reduced future income withdrawal amounts) along with death benefit protection.

The ING Lifetime Income deferred fixed annuity is the latest product to complement the long heritage of retirement income solutions and expertise from ING U.S., including an in-plan guaranteed income investment option for 401(k) participants as well as a series of retirement income planning and education resources for ING Financial Partners' financial advisors.  Complementing these retirement income offerings, ING Lifetime Income now brings a retail fixed annuity product solution broadly to the market that is focused on income potential.

"Building a sound, lifetime income strategy is one of the most important aspects of financial planning today, and a key to improving one's overall retirement readiness," said Chad Tope, president of ING U.S. Annuity and Asset Sales.  "Annuities have been – and continue to be – a reliable way to deliver a reliable income stream during retirement that helps replace a paycheck once a person stops working.  ING USA's new deferred fixed product rewards those who have the ability to postpone their income withdrawals, by stepping up their future available income withdrawal amount. If their needs shift, the individual can access a portion of the funds along the way although this will result in reduced future income withdrawal amounts."

The opportunity to step up income with the ING Lifetime Income annuity comes in two increments, based on the number of years an individual delays the start of their income withdrawals. If income payments are deferred for five years, the available income withdrawal amount is boosted by 150 percent.  With a ten year deferral, the available income withdrawal amount gets a guaranteed boost of 225 percent.

1 of 3

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,739.60 +120.09 0.68%
S&P 500 2,075.74 +12.63 0.61%
NASDAQ 5,016.0140 +29.1470 0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs