ProductsJanuary 12, 2009

ING Introduces Educator's Direct 403(b) Program

ING has introduced the ING Educator's Direct 403(b) Program, a variable annuity issued by ING Life Insurance and Annuity Company, to education professionals in Delaware.

Reported by Rebecca Moore

According to a press release, the program makes retirement saving easier by offering a fund menu consisting solely of target-date maturity funds, and providing education, enrollment, and account management entirely online. In addition, online video tutorials provide information on the importance of saving for retirement, and the program’s online calculators are designed specifically for education professionals, the announcement said.

There are no minimums to get started, and the program offers competitive fees, according to ING.

In 2008, ING was one of 13 companies selected as a provider for the State of Delaware’s 403(b) Plan, which is available to employees at 39 Delaware educational institutions including the State Department of Education, all public and charter schools, and two higher education institutions.

More information is available at www.INGEducatorsDirect.com.