A large insurer will be working with a financial services distributor to provide financing for older, affluent consumers who sincerely want life insurance protection.
ING U.S. Financial Services, a U.S. arm of ING Groep N.V., Amsterdam, will be developing the program with National Financial Partners Corp., New York.
ING will be providing “hybrid premium financing programs” that will enable NFP firm clients to buy large life insurance policies without liquidating assets, NFP says.