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September 24, 2002 at 08:00 PM
NU Online News Service, Sept. 24, 4:31 p.m. – ING U.S. Financial Services, Atlanta, has introduced the ING Protector Elite variable-universal life insurance policy.
ING U.S., which designed the policy for distribution through independent insurance agents and brokers, says it will use a “rolling target” compensation feature that allows commissions to be paid on first-year target premiums even if the target premiums are not fully paid in the first year.
The policy’s minimum face amount is $250,000.
ING U.S., a unit of the ING Groep N.V., Amsterdam, is issuing the policy through ReliaStar Life Insurance Company, Minneapolis, and distributing the policy through ING America Equities Inc., Denver.
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