ReliaStar Life Of NY To Offer Return of Premium Life Insurance In New York

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.

Life Insurance With No Medical Exam – Deal or No Deal?

You see the ad’s online — “Get Up To $300,000 of life insurance with no medical exam”, “…..Quick and Easy”, “…..Automatically Issued”, and so on. It’s an appealing idea. No one likes medical exams and long delays while waiting for an insurance company decision on their eligibility for life insurance.

The idea of answering a few questions, getting approved, paying your initial premium and printing your policy online in only minutes has lots of appeal. So what are the drawbacks?

Term Life Insurance Rates Continue To Decline In 2008

The trend towards ever lower term life insurance rates is alive and well. While it’s only February, several major life insurance companies have already reduced rates. Among the changes, the following major life insurance companies have reduced premium rates: