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

Retirement Planning > Retirement Investing > Annuity Investing

ING U.S. Aims Annuity At 403(b) Rollover Market

By Staff Writer

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

NU Online News Service, April 13, 2004, 5:56 p.m. EDT – ING U.S. Financial Services, Atlanta, has introduced a fixed annuity designed for teachers and other members of 403(b) plans.[@@]

The new ING Premier 5 fixed annuity can handle rollovers of assets from deferred retirement option plans and partial lump sum option plans.

The minimum guaranteed interest rate is only 1.5%, but the annuity offers a $25,000 premium bonus level and a $50,000 premium bonus level.

Annuity holders will get the regular interest rate on the first $25,000 in premiums paid during the first contract year, a 2.5% bonus on the next $25,000 in premium payments and a 5% bonus on any additional premium payments.

After the sixth contract anniversary, the rate will go up at least 0.25%, ING U.S. says.

ReliaStar Life Insurance Company, an ING U.S. sister company, is issuing the annuity and backing the product guarantees. ING U.S. and ReliaStar are units of ING Groep N.V., Amsterdam.

The ING Premier 5 annuity is available in Alabama, Arizona, Arkansas, Colorado, Florida, Kansas, Louisiana, Mississippi, Missouri, North Dakota, Ohio, Tennessee and Wisconsin.

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.