for agent use only. not for public distribution. cn61591112009 © 2008 ing north america insurance...

For agent use only. Not for public distribution. CN61591112009 © 2008 ING North America Insurance Corporation

Introducing…ING Protector Universal Life NY

(ING Protector UL NY)

ING Protector Universal Life New York, policy form series #87-134 is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the ING family of companies. Only ReliaStar Life Insurance Company of New York is admitted, and its products issued, within the state of New York.

All guarantees are based on the financial strength and claims paying ability of ReliaStar Life Insurance Company of New York who is solely responsible for obligations under its own policies.

This presentation is not intended to be used to avoid tax penalties, and was prepared to support the promotion or marketing of the matter addressed in this document. The taxpayer should seek advice from an independent tax advisor.


ING Protector UL NY – Product Highlights

Key Features * Multiple bands (drop in COIs with higher bands)

* Interest enhancement on the unloaned accumulation value begins in policy year 16

* Preferred loans available beginning in policy year 11

* Available for sale to a funded ERISA plan

Issue Ages & Underwriting Classes

SPNT 18-80

PNT 18-85

SNT 0-90*

PT 18-85

ST 16-90*

*86-90 require special Home Office attention

Current assumption death benefit oriented universal life insurance product.

Description


Issue Requirements

Minimum Face Amount

$50,000 ($25,000 for ages 0-20)

Compensation Heaped

Primary Sales Applications

Family Protection and Basic Life Insurance needs, Estate Planning, Business Planning, Some Premium Finance situations.

Riders Accelerated Death Benefit

Accidental Death Benefit

Additional Insured

Waiver of Monthly Deduction

ING Protector UL NY – Product Highlights

Additional Insured Rider

This rider provides term coverage on a family member of the base insured. Coverage continues to the earlier of attained age 80 of the additional insured or attained age 121 of the base insured.

• Issue ages: 5-75*

• Minimum Issue Amount: $10,000

• Maximum Issue Amount: 3 times base policy face amount

* Minimum issue ages and underwriting classes available may vary from the base coverage.


ING Protector UL NY – How does it work?

Client ProfileSituation: Andrew, 45, and Anna, 43, are married with three children. As the family’s financial breadwinner, providing for his family is Andrew’s top priority. Andrew is also concerned with how the rate of inflation and rising expenses will impact his family. Without protection, the loss of Andrew’s income could create a huge hardship for his family.

Possible Solution: Andrew and Anna felt an ING Protector UL NY life insurance policy with a policy on Andrew’s life with face amount of $500,000 would sufficiently cover their family in the event of a loss. At $3,535.47* annually, the current premium is competitive and they have the protection of a universal life insurance policy.

Underwriting Class: Super Preferred No Tobacco

Annual Premium: $3,535.47*

Death Benefit: $500,000*Annual premiums for life for Male, age 45, Super Preferred No Tobacco underwriting class. Policy would lapse in year 21 at guaranteed costs and interest rate. GL:$8,639 TP: $4,054. ING Protector Universal Life New York, policy form series #87-134 is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the ING family of companies. Only ReliaStar Life Insurance Company of New York is admitted, and its products issued, within the state of New York. All guarantees are based on the financial strength and claims paying ability of ReliaStar Life Insurance Company of New York who is solely responsible for obligations under its own policies.


ING Protector UL NY – How does it work?

*Year 21, Month 6– In the event that the guaranteed costs were deducted since policy issue, the policy would lapse and cannot be illustrated beyond the year shown. Additional premiums would ne required to continue the coverage.


Fit for:■ Families with children

■ Families with sole financial breadwinner

■ Families looking for an affordable universal life insurance policy

■ Families looking for permanent life insurance protection

Key Advantages:■ Multiple COI bands (drop in COIs with higher bands)

■ Five year minimum monthly premium no-lapse death benefit guarantee

■ Two death benefit options

■ Interest enhancement on the accumulation value begins in policy year 16.

■ Preferred loans available beginning in policy year 11

■ Available for sale to a funded ERISA plan

■ Five underwriting classes

ING Protector UL NY – Product Recap


ING Protector UL NY – Sales Promotion Materials

Product Guide #135091 Facts At A Glance #135092

Sales Solution #135094


ING Protector UL NY – Next Steps?

Right now. . .

■ Who do you know?

■ Write them down!

■ Call your office

■ Call. . .

ING Life Sales Support Team!

(866) ING–SELL 866-464-7355

for agent use only. not for public distribution. cn61591112009 © 2008 ing north america insurance...

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