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ING TermSmart Life
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Dominant carrier and popular
plan and pricing
This information is current as
of 11-09 and it's best to request
current information from us
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ING Life has become one of the dominant
term life insurance carriers. They
have been in a process of acquiring
other life insurance companies such as
ReliaStar out of New York. Their
pricing has become a standout on the
term life market and has been very
popular with our clients. ING is
also on the progressive end when it
comes to ease of underwriting and
enrollment. They act like they
actually want the business which can be
unusual in the life insurance market.
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Premium Bands
Premium bands are essentially price
points based on ranges of term life
benefits. Typically, you will pay
less per dollar of coverage for larger
amounts of total coverage.
Band 1: $100K-$199,999
Band 2: $200K-$999,999
Band 3: $1M plus
Payment Modal Factors
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Semi-annual = .52 |
Quarterly = .265 |
Monthly = .0875 |
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Product Names
TermSmart 10
TermSmart 15
TermSmart 20
TermSmart 30
Quote ING
TermSmart
Apply
for ING TermSmart
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Our Take on ING TermSmart.
Term life rate pricing is a pretty easy
component to compare but what we really
like about ING is that they are very
aggressive in getting policies issued
and through the underwriting process is
a timely fashion. The underwriting
process can take weeks if not months
depending on a host of factors but ING
feels less like a life insurance company
and more like the progressive health
insurance carriers that have evolved
over the past decades to expedite the
entire process. This is welcomed
for us as the broker who is trying to
help the client procure life insurance
and much more so for the applicant
involved.
TermSmart is the key product on the on
the term market. The also have a
ROP plan which has a built-in Return of
Premium component (similar to the rider
of the same name. They also have a
ReliaStar (which they acquired as a
separate life insurance carrier) of New
York group of plans. The online
quoting engine will automatically
determine which is the best value and
most appropriate (for example, by State)
for your situation based on the
information you enter up front.
Reflecting their aggressive pricing,
it's not uncommon to find an ING option
in any given quote. The system
will automatically parce the rates based
on your demographic information but ING
is competitive to where it typically
shows as one of the best quoted options.
TermSmart Health Classes
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Super Preferred No
Tobacco
Preferred No Tobacco
Select No Tobacco
Standard No Tobacco
Preferred Tobacco
Tobacco |
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Available ING TermSmart Riders:
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Accidental Death
Benefit issue ages
18-60, provides coverage
up to face amount, to a
maximum of $300,000,
expires on policy
anniversary nearest to
insured's 60th birthday
Waiver of Premium
available, issue ages
18-55, automatically
expires on the policy
anniversary nearest to
the insured's 60th
birthday
Living Benefit Rider
automatically included,
where approved, at no
additional premium for
eligible policies. Owner
can request payment up
to $250,000 but not to
exceed the lesser of the
total face amount of the
policy, or 25% of the
total death benefit
in-force with Reliastar
Life on life policies
that have the same owner
and insured |
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Run
your
ING TermSmart
quote and compare against
other carriers and plans.
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TERM LIFE
ING TermSmart
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ING ReliaStar
Life Insurance Company |
| Address1 |
20
Washington Ave, South |
| City |
Minneapolis |
| State |
MN |
| Zip |
55401 |
| Phone |
1-866-464-7355 |
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Rating Agency |
Rating Category |
Rating |
| A.M. Best |
Financial Strength |
A |
| Standard & Poor's |
Financial Strength |
A+ |
| Moody's |
Financial Strength |
A1 |
| Fitch |
Financial Strength |
A |
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Term life insurance
