|Name:||ING ReliaStar Life Insurance Company of New York|
|Description:||ReliaStar Life Insurance Company of New York RLNY is a member of the ING family of companies. ReliaStar Life Insurance Company is an ING company. ING offers banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 115,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future. ING is recognized as one of the largest companies in the world. Based on market capitalization, ING is one of the 20th largest financial institutions worldwide. Fortune magazine ranked ING 8th on its 2009 Global 500 list.|
|Address:||1000 Woodbury Road, Suite 208
|Offered by QuickQuote in:||NY|
|AM Best Rating:||A as of 2011|
Included Term Life Product Features
|Prepayment Option:||Included with no extra premium. Premiums for up to 10 years can be prepaid.|
|Conversion Option:||Included with no extra premium. The policy may be converted to select cash value policies issued by a ReliaStar Life Insurance Company of New York, without evidence of insurability during the first 10, 15, 20 or 30 years of the policy, not to exceed age 75. Conversion will be the same class, if available, otherwise to the most comparable class available at the time of conversion.|
Optional Term Life Product Features
|Waiver of Premium Rider:||Premiums are waived if the insured becomes disabled. The rider automatically expires on the policy anniversary nearest the insured's 60th birthday. The issue ages are 18-55.
The maximum face amount for a policy with the Waiver of Premium Rider is $5,000,000.
|Children's Term Rider:||This rider provides level term insurance on each insured child to age 25. The coverage is sold in units of $1,000. There is a minimum of 2 units ($2,000) and a maximum of 10 units ($10,000).
Issue Ages for Insured Parent
|Legal Information||ING TermSmart, Policy Form Number 3314-02/10, varies by state and may not be available in every state, is issued by ReliaStar Life Insurance Company, a member of the ING family of companies. All guarantees are based on the claims paying ability of ReliaStar Life Insurance Company, who is solely responsible for the obligations under its own policies.|
ING ReliaStar Life Insurance Company of New York Plans
|ING TermSmart NY - 10
|10-year term life insurance with rates guaranteed for 10 years.|
|ING TermSmart NY - 15
|15-year term life insurance with rates guaranteed for 10 years.|
|ING TermSmart NY - 20
|20-year term life insurance with rates guaranteed for 20 years.|
|ING Return of Premium Term NY - 20
|20-year term life insurance with rates guaranteed for 20 years. The plan returns all premiums paid by the policy owner minus any flat extra charges the end of the 20-year term if no claim has been made and all premiums have been paid on a timely basis. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.|