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Variable Universal Life
Variable universal life insurance (VUL) is another type of permanent life insurance coverage with the potential to build cash value.
If you’re like many people, your life insurance coverage needs may vary over time. VUL also allows you, within policy guidelines, to determine the amount and frequency of your premium payments and to adjust the death benefit of your policy up or down, as long as you pay the minimum required premium to keep the policy active.
Beyond the death benefit, a VUL policy has a cash value feature that may accumulate from premiums you pay in excess of the policy charges (like cost of insurance or expense charges). This cash value may earn interest or grow in value, and these earnings are allowed to grow tax-deferred. The cash value may also decrease in value, depending on the performance of the variable investment options (subaccounts) you choose.
When you purchase a VUL policy, you and your financial professional choose which subaccounts are suitable for you and how you want your cash value invested.
Most VUL policies offer a wide range of investment options, from conservative to aggressive, and even include a fixed account. Your financial professional will work with you to select a combination of investment options that suit your risk tolerance and financial goals.
Variable Universal Life offers:
- Flexible premium payments
- Access to sub accounts offering the potential for greater cash accumulation but also the potential for greater market risk.
- Versatility in death benefit protection options
- Tax-deferred cash value accumulation potential
Before investing, carefully consider the investment objectives, risks, and charges and expenses of the variable universal life insurance policy and each underlying variable investment option. This and other information is contained in the prospectuses for the variable universal life insurance policy and the underlying variable investment options. Obtain these prospectuses from your agent/registered representative and read them carefully before investing.
ING’s life companies offer a robust portfolio of individual and survivorship variable universal life insurance policies and a wide array of variable investment options sub-advised by some of America’s leading investment firms.
Insurance products are issued by ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York and Security Life of Denver Insurance Company. Only ReliaStar Life Insurance Company of New York is admitted, and its products issued, in New York. Variable universal life insurance products are distributed by ING America Equities, Inc., 1290 Broadway, Denver, CO 80203. All are members of the ING family of companies.
cn53975122006
000914
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