ING Guaranteed Death Benefit Universal Life
ING Guaranteed Death Benefit Universal Life II (offered by Security Life of Denver) and ING Guaranteed Death Benefit Universal Life II New York (offered by Reliastar Life Insurance Company of New York)
A universal life insurance policy offering flexible death benefit protection and death benefit guarantees that can last up to a lifetime for all issue ages.
0-90 (minimum age in NY is 2), may vary based on underwriting class and state.
(Note: Issue age is also known as insurance age and is based on your age on your nearest birthday. That is, if your next birthday is within six months of the issue date of your insurance policy, you will have an insurance age 1 year older than your actual age.)
(Note: Cash Value is the total build up of cash within a life insurance policy that is created by your premium payments and a crediting interest rate and can be reduced by factors like policy loans, withdrawals, etc.)
Minimum Face Amount
(Note: This is the initial amount of death benefit a life insurance policy will pay and/or is the least amount of death benefit a life insurance carrier will offer on a specific life insurance product.)
Riders (may be at an additional cost)
Additional Insured Rider: This rider provides level term insurance on the insured’s spouse or children through their attained age of 90 (minimum amount of $10,000).
Waiver of Monthly Deductions Rider: This rider provides for waiver of the monthly deductions if the insured becomes totally disabled before age 60 and meets the conditions for waiver benefits. Issue ages are 0-55.
Adjustable Term Rider: This rider allows for specific death benefit increases without additional underwriting, subject to certain limitations and conditions.
Accelerated Death Benefit Rider: This rider is automatically included, where approved, at no additional premium for eligible policies. The rider allows prepayment of a portion of the death benefit if the insured is terminally ill with a life expectancy of 12 months or less.
ING GDBUL II, policy form #1174, may vary by state and may not be available in all state, is issued by Security Life of Denver Insurance Company (Denver, CO). ING GDBUL NY, policy form #3000, is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY). Only ReliaStar Life Insurance Company of New York is admitted, and its products, issued, within the state of New York. Both companies are members of the ING family of companies.All guarantees are based on the financial strength and claims-paying ability of the issuing insurance company who is solely responsible for the obligations under its own policies.