NU Online News Service, May 2, 1:50 p.m. – The ING Groep N.V., Amsterdam, says its U.S. operations are introducing a new ING SmartDesign Multi-Rate Index Annuity contract.
The annuity appears to be the first indexed annuity available exclusively to registered representatives, ING says.
The annuity is a single-premium, modified guarantee deferred annuity that comes with a choice of three asset allocation strategies.
Each account offers a choice of a five-year, seven-year or 10-year term.