Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

ING Rolls Out Exchangeable UL Policy

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Feb. 18, 2:26 p.m. – The U.S. arm of the ING Groep N.V., Amsterdam is responding to customers’ worries about investment risk by introducing a new universal life insurance policy, the ING Guaranteed Premium Universal Life policy.

The new ING UL policy, which has a minimum face amount of only $100,000, includes a conversion option. A purchaser can use the option to exchange the UL policy for a variable-universal life policy without evidence of insurability.

Holders of UL policies let the insurers that write the policies manage the investments.

Holders of VUL policies can participate in the ups and downs of the stock and bond markets by putting policy assets in portfolios that resemble mutual funds.

VUL policies were hot in the 1990s, when the U.S. stock market was booming, but now consumers seem to be more interested in the stability that UL policies can provide, ING says.

ING is selling the new UL policy through independent insurance agents and writing it through its ReliaStar Life Insurance Company subsidiary.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.