U.S. units of ING Groep N.V. are cutting rates and easing underwriting requirements for their ING TermSmart and ING TermSmart*NY term life policies.
The units, ReliaStar Life Insurance Company, Minneapolis, and a sister company, ReliaStar Life Insurance Company of New York, are reducing rates in most age and underwriting classes, according to ING, Amsterdam.
The ReliaStar companies also are adding a select no-tobacco underwriting class; eliminating cancer deaths and deaths of siblings as criteria for super preferred rates; increasing weight maximums, especially for women; and increasing maximum cholesterol limits for its Super Preferred No Tobacco category.