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ING Changes Rate Change Transition Rules

Changes Take Effective September 15, 2009

08-31-2009

ING has announced a change in rules reguarding the way Fixed Annuity rates can be locked in when rates are in transition.

All Applications with Checks or 1035 Exchange/Qualified transfer paperwork must be signed and dated prior to the date of the rate change and received in good order at ING with seven ( 7 ) calendar days from the effective date of the rate change.

For Applications received during the seven ( 7 ) calendar day window, the 45 day rate hold begins the date the rate change is effective, regardless of when the application was received.

The rate hold does NOT begin the date the application is received.

ING Fixed Annuities will no longer accept fax or email applications to establish new policies. All business must be submitted via paper application or AOE ( if available ).