ING Announces Product Changes in Texas
Products Available June 1, 2010
05-28-2010
Effective June 1, 2010, the state of Texas will require that all fixed annuity products sold in the state of Texas comply with TX 2009 H 1919.
The Texas legislation changes affect the state’s Standard Non-forfeiture Law (SNFL) and all products delivered on or after June 1, 2010 must comply with the state’s new regulations. This change in the Texas SNFL will result in lower Surrender Charge schedules for issue age 65+ for impacted products.
These products are ING Secure Index Seven, ING Secure Index Opportunities Plus Annuity, as well as ING Envoy Three, Six and Nine.
As of June 1, 2010 these products will include an updated Surrender Charge schedule.
Contact
Rob Hansbarger or Jim LaFleur
Phone: (330) 576-1100 or (800) 792-6795
Fax: (330) 576-1111
annuity@buaweb.com