ING Financial Solutions is marketing a new variable annuity that has one death benefit and a minimum guaranteed withdrawal benefit as standard features.
Called ING Select Opportunities Variable Annuity, the policy is issued by ING Life Insurance and Annuity Company, Windsor, Conn.
The insurer is a company of ING U.S., a subsidiary of ING Groep N.V., Amsterdam. ING Financial Solutions handles the company’s annuity and rollover business in the United States.
The policy offers passive investment options which the company says use index-tracking portfolios rather than actively managed portfolios, the company says. These options help keep management costs lower for investors, the insurer adds.