Group Annual Term Life Insurance
Sometimes the coverage you need to protect your family seems out of reach. This coverage is an employer-sponsored benefit.
ING Employee Benefits offers ultimate flexibility like optional dependent coverage, an accelerated benefit for terminal illness, portability so that employees can keep coverage when they leave employment and waiver of premium in the event of a total disability. When claimed, the death benefit is conveniently paid out to the beneficiary in an ING Personal Transition Account.1 This is an interest bearing draft account that works like a checking account and accompanies other beneficiary support services.
1 Availability of the ING Personal Transition Account varies by state.
- Employer-paid (basic) life and employee-paid (supplemental) life coverage available
- Low cost for relatively high levels of term life coverage
- Competitive issue limits
Depending on the needs of you and your family, there are various benefits available under the Group Annual Term Life product, including portability, dependent coverage, and accidental death & dismemberment coverage. There is also a separate Personal Accident Insurance product available.
- Dependent Life Insurance
- Accidental Death and Dismemberment
Often, the life insurance coverage you get through your employer is the easiest and most affordable coverage available. So why not take it with you if you leave your company?
ING Employee Benefits offers portability for its term life insurance products so that employees can keep their employer-sponsored coverage if they change jobs or retire.2 Portability can also give you the assurance that coverage may be continued even if the employer terminates their relationship with the insurance company.
2 Availability and conditions for portability may vary by state and product.
Dependent Life Insurance
ING Employee Benefits offers term life insurance for dependents of employees insured under the group plan. This can include spouses, domestic partners3 and/or children of the insured employee. Age and definition of a dependent child will vary by state and product. For some plans, dependent coverage may automatically be portable, along with the employee's coverage.
3 Availability of coverage for domestic partners varies by state and product.
Accidental Death and Dismemberment (AD&D) Insurance
Part of the protection offered through life insurance includes preparations for other unforeseen tragic events. AD&D Insurance helps enhance the life insurance plan through additional protection in the event of the accidental death of the employee, dismemberment (the loss of limbs), or loss of sight. The employer's plan may also include benefits for additional types of loss.
Employee Benefits insurance products and services in the U.S. are provided by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the ING U.S. family of companies. Product availability and specific provisions may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.