Carrier Name: ING
Does Carrier Provide online eApplications? – No.
Life Insurance Products:
1). Term Life
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Death benefit is income tax free
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Premiums and coverage remain the same for the length of the term
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Provides affordable security to younger people and families.
- Gives you the option to convert into a cash value policy should your needs change
2). Universal Life
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Offers protection designed to last your entire life
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Provides income tax-free death benefit to beneficiaries
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Competitive fixed interest rate credited to cash value each month
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Cash-deferred tax value
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Allows you to access your policy’s cash value through income tax-free loans and withdrawals.
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Offers flexible premium payments that can be adjusted to meet your needs
- Death benefit can be increased or decreased (with evidence of insurability)
3). Indexed Universal Life
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Offers you death benefit protection
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Money within your policy grows income tax-deferred in fixed and indexed strategies
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Holds a greater growth potential than traditional universal life
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No negative index crediting rate – guaranteed – even in a down market
- Provides premium flexibility
4). Variable Universal Life
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Provides an income tax-free death benefit
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Gives beneficiaries the opportunity to let their money grow tax-deferred with variable investment options
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Offers over 55 variable investment options to choose from
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Allows policy loans
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Provides a number of solid asset allocation solutions – with each diversified to match your risk tolerance
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Offers automatic rebalancing
- Dollar cost averaging – offers you the advantage of market fluctuations
5). Survivorship Life
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Provides tax-free death benefit to beneficiaries after second insured dies
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Helps cash value grow tax-deferred
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The cheaper route to go – survivorship life insurance is generally less expensive than buying two individual life policies with similar coverage
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Death benefit proceeds can provide immediate cash to cover estate taxes
- Allows policy loans