ING Launches ING SmartDesign Multi-Rate Index Annuity; First Indexed Annuity Available Exclusively For Registered Representatives
PRNewswire
ATLANTA
May 2, 2002
ING's U.S. operations announced today that it has added a new annuity to its broad annuity portfolio called the ING SmartDesign Multi-Rate Index Annuity. The ING SmartDesign Multi-Rate Index Annuity is designed for investors who want to participate in the upside potential of the market, but protect their assets from the downside risk.
The ING SmartDesign Multi-Rate Index Annuity is a single premium, modified guarantee deferred annuity that has three allocation strategies for investors with varying degrees of risk tolerance. It is the first indexed annuity available exclusively for registered representatives.
"Today, investors are looking for more conservative ways to participate in the attractive, yet uncertain, stock market," said Jim McInnis, president, Wholesale Distribution, ING's U.S. financial services operations. "The ING SmartDesign Multi-Rate Index Annuity is an appealing solution for investors facing the challenge of preparing for retirement because it can be customized to their risk tolerance. This product is particularly effective for financial advisors' clients who have temporarily parked assets in cash, money market funds, or other conservative investment vehicles until they regain their confidence in the market and economy."
The ING SmartDesign Multi-Rate Index Annuity offers three asset allocation accounts. Investors can select the Interest Account, the Term Indexed Account, or the Annual Indexed Account. Each account offers a 5-, 7- or 10- year term.
* The Interest Account provides a guaranteed, fixed interest rate for the
length of the investors selected term.
* The Term Indexed Account links investors' earnings to the S&P 500
Index. The growth of the S&P 500 is measured over the investor's
selected term and the calculated earnings are credited to the annuity
at the completion of the term.
* The Annual Indexed Account is also linked to the performance of the S&P
500 Index. The growth of the S&P 500 is measured annually and the
calculated earnings are credited to the annuity annually throughout the
duration of the investor's selected term.
Investors can allocate a percentage of their total assets in more than one account; however, each account must have the same term. Plus, ING SmartDesign Multi-Rate Index Annuity investors gain the other protection features associated with traditional annuities, such as tax-deferred growth, death benefits, lifetime income features and more.
For more information about ING SmartDesign Multi-Rate Index Annuity, financial advisors should contact ING at 800-238-6254. The ING SmartDesign Multi-Rate Index Annuity is underwritten by Golden American Life Insurance Company and distributed by Directed Services, Inc., member NASD. It is sold by prospectus only, which can be obtained by calling 800-366-0066.
ING's U.S. operations (http://www.ing-usa.com/ ) offer a comprehensive array of products and services, including life insurance; fixed and variable annuities; retirement plans; employee benefits; and mutual funds, through a variety of distribution channels, including the largest network of independent financial advisors in the industry. ING U.S. Financial Services is part of Amsterdam- based ING Group, one of the largest integrated financial services organizations in the world.
CONTACT: Dana Ripley of ING U.S. Financial Services, 770-980-3317, or
cell, +1-404-202-6679, or dana.ripley@ing-fsi-na.com
SOURCE: ING Americas
Contact: Dana Ripley of ING U.S. Financial Services, +1-770-980-3317, or
cell, +1-404-202-6679, or dana.ripley@ing-fsi-na.com
Website: http://www.ing-usa.com/