ING Life Insurance Review

You put a lot of effort into protecting your families safety when you are with them but what have you done to protect them if you are gone?

By: admin Posted: August 30, 2010

The Good

Financially Secure • Multitude of Insurance Plans Available

The Bad

Lacking Customer Support • Lack of Cash Accumulation

Overview

Based in Amsterdam, ING Group offers banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

Policies / Plans

Here are the policies ING offers:

Term Life
- Lasts a term of 10,20 or 30 years
- Does not accumulate a cash value
- Can be automatically renewed

Universal Life
- Lasts until death
- Accumulates small cash value
- Cash value can be withdrawn

Survivorship Universal Life Insurance
- Accumulates Cash Value
- Has two policyholders
- Policy is paid out when second person dies

Pricing / Rates

ING offers competitive rates on their insurance policies. For a term life insurance policy, ING offered us a premium of $211 per month. This was extremely competitive compared to many of the top insurance providers.

Getting A Quote

Just like getting a quote you can receive quotes in two ways: Both online, and via toll free phone. Both take 15 minutes.

Customer Service

ING offers average customer support. The main problem is that ING is extremely large and their customer service reps have thousands of calls daily. A smaller company would be able to offer better customer service, but then again you can only expect so much out of a multi-billion dollar corporation. Their low premiums and strong financial background more then make up for it.

Summary

Overview:

In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes annuities, retirement plans, life insurance, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, employee benefits, and financial planning. Based in Amsterdam, ING Group offers banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

Policies / Plans Rating:

Policies / Plans:

Here are the policies ING offers: Term Life - Lasts a term of 10,20 or 30 years - Does not accumulate a cash value - Can be automatically renewed Universal Life - Lasts until death - Accumulates small cash value - Cash value can be withdrawn Survivorship Universal Life Insurance - Accumulates Cash Value - Has two policyholders - Policy is paid out when second person dies

Pricing / Rates Rating:

Getting A Quote Rating:

Getting A Quote:

Just like getting a quote you can receive quotes in two ways: Both online, and via toll free phone. Both take 15 minutes.

Customer Service Rating:

Overall Rating:

8.20

ING, is a solid pick for life insurance. I would definitely recommend choosing ING for different insurance products or even better for retirement/investment accounts. ING isn't the worst pick and it's a pretty safe pick. If you do choose ING to get a life insurance policy, consider combining other insurance products or retirement accounts to qualify for a lower premium.