The ING Group is predicated in Amsterdam and gives 85 million clients in over 40 international locations banking, investments, life coverage, and retreat merchandise. The ING Group in addition gives providers to people in addition to company and institutional buyers.
ING is a comparatively new firm inside the coverage world. It was based in 1991, on account of a merger between Nationale-Nederlanden and NMB Postbank Group. ING is acknowledged as one of many largest firms on this planet, and it is without doubt one of the 20th largest medium of exchange establishments.
The ING operations inside the U.S. supply annuities, retreat plans, life coverage, open-end funds, managed accounts, and direct banking providers to particular mortal clients. The firm is the fifth largest life coverage and retreat providers provider inside the nation. ING's model promise of "Your future. Made easier." is dynamic into increasingly more recognizable inside the U.S. as a result of the corporate has put in efforts, together with sponsorships of main public occasions, to extend consciousness of the model.
In phrases of annuity merchandise, ING gives fastened, variable, index, and fast annuities via ING's Retail Annuities Group. ING prides itself on providing a wide range of annuity merchandise to clients as a result of they imagine that the "typical" annuity buyer is a delusion.
ING gives two delayed fastened annuity merchandise that are each single premium delayed annuities. In addition, the corporate gives three varieties of variable annuities, six varieties of fastened listed annuities, and one fast annuity. The particular mortal merchandise are listed under:
Deferred Fixed:
o ING MultiSet Plus
o ING Guaranteed Choice
Variable:
o ING GoldenSelect
o New York
o ING Empire Traditions and ING Empire Innovations
Fixed Index Annuity Products:
o ING Secure Index Five
o ING Secure Index Seven
o ING Secure Opportunities Plus
o ING Secure Index Outlook (restricted state availability)
o ING Envoy Six Fixed Index
o ING Envoy Nine Fixed Index
Immediate Annuities
o ING Single Premium Immediate
Throughout the years, ING has modified their merchandise to satisfy the fixing wants of their clients. For instance, ING has modified their death advantages, dwelling advantages, and revenue methods for its annuity merchandise on account of buyer suggestions. ING's charges and fees differ for every of the annuity merchandise. Charges can embody an administration and upkeep price, a contingent delayed gross revenue cost, a death rate and expense threat cost, a premium tax, a short-term buying and merchandising charges, and an underlying open-end fund bills cost. It is finest to grasp the whole price and cost data earlier than an annuity is bought.
If an investor is contemplating buying an ING annuity, in addition it is essential to grasp the medium of exchange energy of the corporate. The high higher-ranking companies have given ING mountain towards the upper finish of the scales. For instance, Standard & Poors has rated the corporate AA-. This is the 4th highest class of 21. A.M. Best has rated ING as A+ which is the 2nd highest class of 15. Finally, Fitch has rated the corporate as AA- which is the 4th highest higher-ranking of 19.
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