Products May 6, 2009

ING Relaunches Corporate Variable Universal Life Product

ING Life Companies has relaunched its corporate variable universal life insurance product, issued by Security Life of Denver Insurance Company, with enhanced pricing.
Reported by

The ING Corporate VUL (policy form series #2516) is designed to generate a strong early-surrender value. The Surrender Value Enhancement feature may make asset/liability matching easier and minimizes the impact to the business’s balance sheet for a non-qualified deferred compensation (NQDC) plan, according to a press release.

The strong early-surrender value may also help offset NQDC liability with a tax-deferred asset (life insurance surrender value) and provide numerous variable investment options. Additionally, the long-term performance potential of ING Corporate VUL may fund the NQDC liability payouts while offering cost recovery at death, the announcement said.

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Key features of ING CVUL include:

  • surrender value enhancement—might achieve more than 100% cash surrender value in first year as a percent of premiums paid;
  • more than 55 variable investment options;
  • strong asset allocation platform powered by Ibbotson Associates;
  • three death benefit options.

ING said the enhancement follows the recent additions of an online site, known as “The Executive Benefits Resource Center,” and a chapter-by-chapter introduction/training manual, “How to Sell Executive Benefits.”

 

For more information, contact ING Life Sales Support at 866.ING.SELL.

 

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