The new product, called ING Select Opportunities Variable Annuity, is designed to offer the benefits and features of traditional variable annuities packaged together at a competitive price, ING said. The contract has one death benefit and a minimum guaranteed withdrawal benefit, both of which come standard with the product.
Earlier this year, the company introduced a multi-manager mutual-fund custodial account IRA program and a fixed annuity. The annuity products are issued by ING Life insurance and Annuity Company.
ING Select Opportunities uses passive investment options utilizing index-tracking portfolios
For more information, contact an ING Financial Solutions wholesaler or the ING Financial Solutions Sales Team at 800.344-6860.