Because There s No Place Like Your Home. Term Life Insurance. ING HomeGuard Plus Select Term. Issued by ReliaStar Life Insurance Company

Transcription

1 Because There s No Place Like Your Home ING HomeGuard Plus Select Term Term Life Insurance Issued by ReliaStar Life Insurance Company LIFE Your future. Made easier.

2 ING HomeGuard Plus Select Term is a term life insurance product offering valuable death benefit protection which a beneficiary(ies) can choose to use towards mortgage payments, possibly preventing them from losing their homes. Please Note: ING HomeGuard Plus Select Term is NOT mortgage insurance.

3 To Protect Your Home and Loved Ones, Start by Protecting Yourself You ve heard it all before: "Your home and your family are life s most important treasures. Whether you rent or own, your home is more than a storage space for your stuff. But do you and your family have adequate protection, if any, from losing your home or other key assets if you die or suffer a terminal illness or a disabling injury? Would your family be able to keep up with mortgage payments, rent or other monthly expenses if your income was no longer available? There s no better time than the present to start planning for your family s financial security. With ING HomeGuard Plus Select Term, a term life insurance policy issued by ReliaStar Life Insurance Company, you have the right tools for the job. With a choice of coverage for 15, 20 or 30 years, this policy provides death benefit protection as well as offers you the ability to customize coverage further with valuable riders that can help you protect your family and home against the unexpected. 1

4 In life, we all face the what ifs What if I die during my covered term? ING HomeGuard Plus Select Term provides your beneficiaries a death benefit that s income tax-free money that may be used to help handle financial obligations like rent/mortgage, bills and final expenses. This protection helps keep your family from being overwhelmed with expenses if you die during the term of your policy. Proceeds from an insurance policy are generally income tax free, and if properly structured, may also be free from estate tax. What if I become disabled and can t pay my bills? With ING HomeGuard Plus Select Term, you have the option to purchase an Accident Only Disability Income Rider that provides financial benefits you can use to handle your family s expenses in the event of an accident-related disability. You can also elect the Waiver of Premium Rider - Disability, which will waive your premiums for the remainder of your coverage period, if an accident- or illness-related disability occurs for longer than six months. In addition, this rider will refund the premiums you paid during the first six months of total disability. What if I become critically ill? The Accelerated Death Benefit Rider may be available with your ING HomeGuard Plus Select Term policy. In the event you become terminally ill, you can request an advance payment of a portion of your death benefit. 2

5 You can also elect to include the optional Critical Illness Rider with your policy. With the Critical Illness Rider, you will receive an accelerated benefit in the event that you suffer from a critical illness after purchasing the policy. A partial list of illnesses includes life-threatening cancer, heart attack, stroke and major organ transplant. The money you receive can help you continue to contribute to your household budget during your illness. What if I lose my job? Will I lose my coverage too? At no extra cost, ING HomeGuard Plus Select Term includes a Waiver of Premium Rider Unemployment. In the event of involuntary unemployment, this rider will waive your premiums beginning 30 days after you lose your job. Your premiums can be waived for a period of up to six months of unemployment. So the money you save from the waived premiums may be used to cover your mortgage payments and other living expenses. What if I want to purchase coverage for my children? ING HomeGuard Plus Select Term features an optional Children s Term Insurance Rider. The rider will provide a death benefit for each insured child. If you die during the term of your base policy, coverage under the Children s Term Insurance Rider may be converted to a new policy without evidence of insurability. The children's term rider and the coverage that it provides terminates when the insured child reaches a specified age, which is defined in the rider itself. The premium for this rider will continue to be deducted after such termination until the policy owner notifies the company to cancel the benefit. Individual riders may not be available in all states and are subject to certain conditions and limitations. 3

6 I hate the idea of paying for coverage that I might not use. Can I get my money back if I outlive my coverage? ING HomeGuard Plus Select Term includes an optional Premium Endowment Rider that may give you back some or all of the premiums you paid into the policy at the end of the period selected*. If you choose to purchase this rider, you won t feel like you re paying for something without something to show for it in the end. * Contingent upon the insured outliving the period selected. The endowment benefit paid is less any premiums paid for additional riders, substandard or flat extra premiums, policy fees, and any premiums paid that are not yet due and payable. 4

7 Your term life insurance policy should help you feel as safe as you do at home. Talk to your ING financial professional about how ING HomeGuard Plus Select Term can help your family continue to enjoy all the comforts of your home. 5

8 ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. In the U.S., the ING family of companies offers a comprehensive array of financial services to individual and institutional clients which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. For more information, visit ReliaStar Life Insurance Company 20 Washington Avenue South Minneapolis, MN ING HomeGuard Plus Select Term, policy form # /09 (may vary by state and may not be available in all states) is issued by ReliaStar Life Insurance Company, a member of the ING family of companies. Guarantees are based on the financial strength and claims-paying ability of ReliaStar Life Insurance Company who is solely responsible for obligations under its own policies. The assets of ING have no impact on ReliaStar Life Insurance Company s ability to meet its obligations or upon the performance of its products. Insurance product obligations are the sole responsibility of ReliaStar Life Insurance Company ING North America Insurance Corporation cn /23/2009