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ING Cuts U.S. Term Rates

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A U.S. arm of a European insurer says it still wants more term life business.

ING U.S. Financial Services, Minneapolis, a unit of ING Groep N.V., Amsterdam, says it again has lowered premiums in most issue ages and underwriting classes for its ING TermSmart term life insurance products.

Price-cutting efforts that began in late 2005 helped ING U.S. double term life sales between the first half of 2006 and the first half of 2007, the company says.


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