ING: New Single Life & Survivorship One-Year Term Products
02-09-2009
Effective February 9, 2009, the Security Life of Denver Insurance Company and ReliaStar Life Insurance Company of New York introduced ING One-Year Term & ING One-Year Term NY and ING Survivorship One-Year Term & ING Survivorship One-Year Term NY, respectively.
These are one-year term life insurance products designed for short term life insurance needs. They are also appropriate for policy owners who wish to purchase coverage today and convert to a cash value policy before the end of one year. The policy is non-renewable and coverage terminates at the end of the policy year.
Key Features
• Single Life & Survivorship available
• Conversion Option to age 70
• Minimum face amount: $50,000
• Maximum face amount: $1,000,000 to age 70 (amount reduced for older ages)
• Male, female and unisex rates (standard risk class only)
Personal and Business Applications
• Client wants to purchase death benefit protection for one year
• Client wants a cash value life insurance policy, but wants a low first year premium
• Key person needs
State Approvals (as of 2/9/09)
ING One-Year Term is not approved in: CA, CT, GU, MS, NY, NJ
ING Survivorship One-Year Term is not approved in: CA, GU, MS, MT, NY, NJ
New York
ING One-Year Term NY and ING Survivorship One-Year Term NY are approved for use only in the state of New York.
For more information, please contact your Brokerage Sales Consultant @ 800-792-6795.
