ING to launch new indexed universal life product
February 2, 2010 by N/A
ING said that the ING Indexed Universal Life-Global (ING IUL-Global), issued by Security Life of Denver Insurance Company, offers policy holders valuable death benefit protection and the choice of a fixed interest strategy or an indexed strategy.
ING IUL-Global features include: three death benefit options, Waiver of Surrender Charge Rider (used in traditional premium finance cases only), Accelerated Benefit Rider, and Overloan Lapse Protection Rider.
Daniel Mulheran, president of ING US Retail Life Distribution, said: “ING IUL-Global’s indexed strategy offers both the potential to capture some upside from the best two of three indexes, with the downside protection of a 1% per-year guaranteed minimum interest rate. It is a great product for those who need life insurance and are looking for potential cash accumulation, supplemental retirement income, executive benefits or are interested in financing their premiums.”