ING Employee Benefits Announces New Group Voluntary Long-Term Disability Income Product

PRNewswire
MINNEAPOLIS
Jan 25, 2005

ING Employee Benefits announced the availability of a new Group Voluntary Long-Term Disability Income (LTD) Product. Offered to groups on a payroll-deduction basis, this new LTD product offers 100% employee-paid income protection, and it complements ING Employee Benefits' current array of disability income products that provide a spectrum of plan designs and funding options.

A leader in traditional group and voluntary insurance benefits, ING Employee Benefits enhances its products with value-added administrative services, technologies and educational tools. The new Group Voluntary LTD product includes:

   - Flexible Plan Design: A variety of plan designs and options to suit the
     differing needs of groups.
   - Income protection: Affordable coverage for employers and employees.
   - Clinical and Vocational Rehabilitation: Highly skilled case managers
     coordinate medical, behavioral health, vocational and educational
     services.
   - Social Security Disability Income Assistance: When appropriate,
     application assistance and claim coordination is provided by Social
     Security case managers.
   - Disability Services Claim Administration: Experienced claim managers
     create individual action plans based on the varying needs of disabled
     employees.
   - Flexibility in Enrollment: Choices available to meet the needs of
     specific groups, from group meetings with paper enrollment to online
     enrollment capabilities.
   - Convenient Payroll Deductions: Premium payments are deducted from
     workers' paychecks.

"Our new Group Voluntary LTD product offers something to both employers and employees," said Curt Olson, president, ING Employee Benefits. "Employees can use this product to provide financial protection should they become disabled. Meanwhile, we know that employers want to provide competitive benefits, but are increasingly concerned about the economics of doing so. Because this product is 100% employee paid, employers can extend this vital benefit at virtually no cost.

"The new product adheres to our strategy of making a wider array of voluntary products available to employers," Olson said.

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 14 million customers across the nation. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues. For more information, visit www.ing.com

Press inquiries: Caroline Campbell, ING U.S. Financial Services,

770-618-3801

SOURCE: ING U.S. Financial Services

CONTACT: Caroline Campbell of ING U.S. Financial Services,
+1-770-618-3801

Web site: http://www.ing.com/