Term Life Insurance

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Company/Policy Information

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ING

ING LIFE INSURANCE COMPANY

20 Washington Avenue South
Minneapolis, MN 55401

In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes annuities, life insurance, financial planning, and reinsurance. ING traces their roots back to 1885.

Based in Amsterdam, ING Group offers banking, insurance and asset management to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

ING is recognized as one of the largest companies in the world. Based on market capitalization, ING is one of the 20th largest financial institutions worldwide. Forbes magazine ranks it 9th on its 2008 Forbes 2000 list1, and Fortune magazine ranked it 7th on its 2008 Global 500 list2.

In the U.S.:

ING in the U.S.
  • Holds top-tier rankings in our core product areas
  • Is a top-3 provider of retirement plans
  • Serves over 17 million customers
  • Employs more than 10,000 people
Our Brand

ING has put a lot of effort into building a recognizable brand. And for our efforts we have achieved a top-100 ranking in BusinessWeek’s 2007 list of global brands3. In the U.S., our title sponsorship of some of the major marathons, including the ING New York City Marathon, is bringing the ING name to millions of people.

Our brand promise to our stakeholders in the U.S. is: “Your future. Made easier.” Making it easier permeates everything we do.

1 From the April 2, 2008 issue of Forbes 2 From the July 21, 2008 issue of Fortune 3 From the August 6, 2007, issue of BusinessWeek.

ING LIFE INSURANCE COMPANY is rated:

A Superior by A.M. Best Company, 3nd highest of 16 ratings for financial strength (as of 02/23/2009)
AA- Very Good by Standard & Poor's, 3rd highest of 21 ratings for financial strength (as of 6/30/2008)
A1 Excellent by Moody’s, 4th highest of 21 ratings for financial strength (as of 6/30/2008)
AA- Very Strong by Fitch, 3rd highest of 22 ratings for claims paying ability (as of 6/30/2008)
These ratings are opinions of the rating agencies and are not warranties of the company’s ability to perform its financial obligations.

Policy Description TermSmart

ING TermSmart is term life coverage. Premiums are guaranteed level for the initial term period of 10, 15, 20 and 30 years, with increases premiums thereafter. ING TermSmart, Policy Form Number 1177R, varies by state and may not be available in every state; are issued by ReliaStar Life Insurance Company, a member of the ING family of companies.

Conversion Feature

Included with no extra premium. The policy may be converted to select cash value policies issued by an ING Life Insurance Company, without evidence of insurability during the guarantee period of the policy, not to exceed age 75 (age 80 for ING ROP Term).

Available Options

Spousal Discount
Not Available

Children's Insurance Option (Additional Cost)
Available with extra premium. Provides level term insurance on each insured child to age 25. Each unit provides $1,000 in death benefit for each insured child. A minimum of 2 units and a maximum of 10 units are available. Cost per unit is $6.00 annually ($12.00 annually for ING ROP Term), regardless of the number of children covered.

Parent issue ages are 18-60 and child issue ages are 15 days to 18 years. Expires on the earlier of the insured's death, at the insured's age 65 or when the youngest child reaches age 25. Conversion is available. Please call or email for details.

Accelerated Death Benefit
Included with no extra premium, where approved, for eligible policies. Allows prepayment of a portion of the death benefit if the insured is terminally ill with a life expectancy of 12 months or less.

The policy owner can request payment of up to 25% of the eligible death benefit, not to exceed $250,000. Please call or email for details.

Availability Varies By State

Waiver of Premium Option (Additional Cost)
Available with extra premium. In the event of the total disability before the insured's age 60 and after a waiting period of six months, premiums will be waived retroactively from the beginning of the disability. Premiums will continue to be waived for the duration of the total disability.

The maximum face amount for a policy with this rider is $5,000,000. Issue ages are 18-55. Expires on the policy anniversary nearest the insured's 60th birthday. Please email or call for details and premium rates.

Accidental Death Benefit Option (Additional Cost)
Available with extra premium. Pays in addition to the base policy death benefit in the event of the accidental death of the insured. Benefit amount is up to the face amount of the base policy or a maximum of $300,000 on any one life (includes any ADB already in force). Issue ages are 18-60. Expires on the policy anniversary nearest the insured's 65th birthday. Please email or call for details or premium rates.