Prices Lowered
For ING TermSmart
ING has lowered the price for its ING TermSmart
products and made improvements including adding an underwriting class
and liberalizing certain underwriting guidelines.
"Our reentrance into the term market is picking up
steam and our competitors are paying attention," said Alan S. Lurty,
senior vice president of commodity markets for ING's Life Business
Group.
Among the changes to ING TermSmart and ING TermSmart*NY are:
• Reducing rates in most ages and classes
• Adding a "Select No Tobacco" underwriting class, making the product more flexible
• Policy fee for $100,000-$199,999 face amounts of $60 is now commissionable
• Decreased noncommissionable policy fee to $50 at $200,000-plus face amounts
• Liberalized age and amount criteria
• Eliminated cancer deaths and deaths of siblings as
criteria for "Super Preferred" and "Preferred No Tobacco" classes
• Increased weight maximums, especially for women
• Increased maximum cholesterol limit, and now allowing treated cholesterol for "Super Preferred No Tobacco"
For more information about ING TermSmart and ING
TermSmart*NY, life insurance producers should contact their ING
representative, or contact ING's National Sales Support Team at
866-ING-SELL.
Legacy Planning
Web Site Opened
A new Web site lets clients document their life
story, make their final wishes known and even craft a final message for
loved ones to see after their death.
"There are a myriad of significant details that are
often left unsaid, unplanned and open to guesswork after one‚s death,"
explains Mark Colgan, CFP, founder of www.PlanYourLegacy.com and
president of Colgan Capital.
First American Launches Retirement Fund
First American Funds is launching a fund-of-funds
designed to produce monthly dividends that can provide retirement
income or be reinvested.
The First American Income Builder Fund has a mix of high-yield bonds,
U.S. government mortgage-backed securities, real estate securities, and
large-cap value stocks to allow investors participation in the
market–potentially earning more than bonds alone–with less risk than
holding stocks.
Call 800.677.FUND or visit firstamericanfunds.com for the prospectus.
MassMutual Unveils New Retirement Account
MassMutual unveiled the Retirement Management
Account (RMA), an advisory program and rollover IRA enabling financial
advisors to help clients turn qualified retirement savings into
inflation-protected monthly payouts that last their lifetime.
The RMA makes available mutual funds and a multiple
premium immediate annuity. It features a retirement income-planning
tool for advisors to create individualized income management strategies
for each client.
MassMutual is on the Internet at www.massmutual.com.
Socially Responsible Retirement Program Offered
Co-op America, a national nonprofit organization, is
teaming with Social(k) to offer 3,500 Co-op America Business Network
members a 401(k) platform of socially responsible investment (SRI)
funds.
The Social(k) program includes more than 100
screened socially responsible funds, rather than the usual one or two,
and over 600 traditional, nonscreened funds to provide greater choice
in determining a retirement portfolio mix.
For more information, see www.socialk.com/coop.htm.
Vanguard Says Farewell To VIPERs
Vanguard has announced it is changing the name of
its VIPER Shares to Vanguard ETFs. The ticker symbols for the funds
will remain unchanged
"Simply put, Vanguard ETFs better describe our
product offering," says Martha Papariello, a Vanguard principal for
Financial Advisor Services.
For more information on Vanguard ETF Shares, visit www.vanguard.com or call 866-499-8473.
ADVISOR EMPORIUM
August 1, 2006
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