Products March 29, 2010
ING Adds Variable Annuity to Product Suite
ING's U.S. operations, which merged its annuity and rollover businesses to form ING Financial Solutions last year, has added what it said is a simpler, lower-cost variable annuity to its product suite.
Reported by Rebecca Moore
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.