ING has introduced return of premium term life insurance in New York state. The policies, to be issued by ReliaStar Life Insurance Company of New York, will be known as ING ROP Term NY, with fixed term periods of 15, 20 and 30 years.
Return of Premium term life insurance policies are designed to return the sum all premiums paid to the term life insurance policy owner at the end of the original term period. Over the past several years, return of premium life insurance policies have grown in popularity. “This type of term insurance appeals to people who are concerned about buying a product they think they may never need,” said Dan Mulheran, president of ING’s life distribution.
ING ROP Term NY is now available to New York residents and you can review the rates through the 1stQuote.com term life insurance quote system.
