ING Term Life Insurance Application Process is Easier!

News Image 02-26-2010

The Term life insurance selling process was simplified February 22, as the ING Life Companies aggressively revised and reduced the number of state variations of the Term Life Insurance Application by over 60%.

Improvements include:

  • No Financial Supplement required – The ING Life Companies’ policy on Stranger-Owned Life Insurance (STOLI) is included in the new applications. Therefore, the Financial Supplement (#147724) is no longer required with Term life insurance applications.

  • New content – Revised content meets current regulatory and underwriting requirements and provides clearer instructions

  • Increased Speed & Efficiency – Straightforward organization makes processing quicker

    What forms have been affected?
    Individual Term Life Insurance Application (including the Temporary Insurance Receipt)

    The previously released Medical Exam and Questionnaires that were launched with the UL/VUL package in August are now available for use with ALL PRODUCTS. Where available, the Children’s Insurance Rider Application is also approved.

    Where can I find the new forms?
    To ensure you always have the most up-to-date forms, we encourage you to download them from BUAWEB.COM the ING for Professionals website (www.inglifeinsurance.com).


    This Term Application is part of the ongoing effort to make ING Life Companies’ forms easier to understand, to complete, and to process. Currently, they have approval from all states excluding New Jersey, Puerto Rico and Virgin Islands. There is a 90 day transition period, meaning you should transition to using the new forms by May 24, 2010.

    If you have any questions, please contact your BUA Brokerage Sales Consultant.

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    Contact

    BUA Life
    Phone: 1-800-792-6795
    life@buaweb.com