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Effective June 25, 2012-the ING family of companies will launch a new no -lapse universal life product.
The new product where approved will replace the ING Guaranteed Death Benefit UL II. ING-UL-GDB is designed to provide competitive premiums providing up to a lifetime death benefit guarantee when compared with whole life and other lifetime guarantee solutions. Premiums are generally higher than on the ING GDBUL II.
Key Dates
6/25/2012 Quotes for ING UL-GDB available in ING Presents and able to accept applications for this new product.
6/29/2012 Last day to receive formal applications for the ING GDBUL II. Policies issued after 9/15/2012 will be issued as ING UL-GDB, regardless of when the application is received.
6/30/2012 All formal applications received to be processed as ING UL-GDB including backdated applications.
Click here to view the transitions rules.
Click here to view the new ING GBUL Product details.
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