On June 25, 2012, the ING family of companies launched a new no-lapse universal life product — ING Universal Life-Guaranteed Death Benefit (ING UL-GDB). Where approved this product will replace ING Guaranteed Death Benefit Universal Life II (ING GDBULII). Premiums are generally higher than on GDBULII.
- · Level and abbreviated premiums for death benefit guarantee that can last up to a lifetime
- · New Select No Tobacco underwriting Class
- · Currently eligible for term conversions
- · Substandard table ratings assessed 20% extra mortality per table (vs. standard 25%)
The last day to receive FORMAL applications on the GBDULII product is 6/29/2012. The policy must be issued by 9/15/2012. We must have a completed application, including owner signature (trust, etc.) by the 6/29 deadline to get the old product.
If you need assistance with life insurance quotes please call us at 1-888-950-TERM.
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