The ING Life Companies have lowered the pricing on many of their term life insurance products offered through ReliaStar Life Insurance (and ReliaStar of New York). They anticipate that this move will help ING sustain its leadership position in the industry.
In addition to their new term pricing, ING is also making other adjustments to the ING TermSmart and ING TermSmart NY policies, including:
- Introduce a 25-year level term option to its existing 10-, 15-, 20-and 30-year options
- Add a rate new rate band that discounts premiums at $500,000-$999,999 face amounts
- Expand the issue age for most term lengths by five years.
“ING remains committed to being a leader in this market. These moves, along with our efficient underwriting and operations, will help us keep our extremely competitive position and help us provide protection to more middle-income Americans” said ING U.S. Insurance CEO Butch Britton.
Consumers interested in an ING life insurance product can contact leading independent life insurance agents or online quote services, or visit www.ingforlife.com.
