Fixed Annuities Product Guide

Transcription

1 Annuities Annuities Fixed Annuities Product Guide Index Annuities Guaranteed Annuities Traditional Annuities Retirement Solutions Powered by ING ING FIXEDDESIGN For agent information only

2 The Power of ING FIXEDDESIGN A Powerhouse of Fixed Annuity Expertise ING FIXEDDESIGN markets quality annuity products issued by ING USA Annuity and Life Insurance Company, a member of ING, a powerhouse for financial services. Together these entities excel in product knowledge, innovation, and industry longevity. ING FIXEDDESIGN Annuities: Traditional Guaranteed Index Multi-Strategy SPIA We offer a wide variety of fixed annuity types to meet your clients needs. ING USA Annuity and Life's annuity contracts are supported by a prudent, balanced investment approach which leaves us well positioned to meet our long-term obligations to you. Excellent Industry Ratings We believe in quality. Our underwriting company ING USA Annuity and Life has received high ratings from the major independent evaluators of the insurance industry. Request our industry ratings brochure for details. Superior Sales Support Sales Desk 8 AM to 5 PM Central Time Call our fixed annuity experts for instant quotes, same-day faxed illustrations, free agent and client marketing materials, and more. Web Site Log on for interest rates, product specifications, sales ideas, client presentations, financial calculators, applications, forms, and more. New Commission Options for You You now have the choice between up-front commissions or trail commissions. Whether you like your commissions in a one-time payment or you prefer the continuous stream of income that trails provide, the choice is yours. Our Powerful Commitment to You ING FIXEDDESIGN is committed to meeting your needs and exceeding your expectations. We are positioned to be your premier partner in delivering retirement solutions powered by ING.

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4 Powerful Portfolio Sell Our Powerful Portfolio and Earn a Power Trip... Exotic escapes. Dazzling destinations. Intriguing itineraries. Call for complete information on how you can earn a terrific trip in our VIP Club incentive program. Index Annuities and Multi-Strategy Annuities ING Secure Index Annuity ING Selectra Multi-Strategy Annuity Multi-strategy annuity with fixed and index growth strategies and multiple guarantees. Transfers between strategies Owner/Annuitant $5,000 Minimum Initial Single $50 Minimum Subsequent $1M Maximum without prior home office approval banding (in most states) No 1 year varying per strategy Annual Reset - Both EIA Strategies After 1st contract year (immediately in some states), 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500 Index growth in that period. In the first contract year, interest only can be withdrawn from the FIS Strategy only. Contract Year Percentage Charges may differ for some states and for ages 56+. Multi-strategy annuity with 3 different growth strategies (Total Return, Index, Fixed). 6 Transfers between strategies Owner/Annuitant $5,000 Minimum Initial Single $50 Minimum Subsequent $1M Maximum without prior home office approval s 7 Yes (Index & One-Year Fixed Rate Strategy) 1 year varying per strategy 8 In the 1st contract year, owner may withdraw interest earned (and not previously withdrawn in the prior 12 months) without an MVA or surrender charge. After 1st contract year (immediately in some states), 10% of cash value can be withdrawn without a surrender charge or MVA but a positive or negative total return adjustment (TRA) will apply. Contract Year Percentage Charges may differ for some states and for ages 56+. Available after 1st contract year Greater of minimum guaranteed value or accumulation value Must annuitize for at least 60 months to avoid surrender charge Available after 1st contract year Greater of minimum guaranteed value or accumulation value Must annuitize for at least 120 months to avoid MVA and surrender charge (TRA applies) Trail Commissions Now Available Accumulation Value Minimum Guaranteed Value 3% on 100% of premium Return of Accumulation Value plus any positive total return adjustment, if applicable Minimum Guaranteed Value At least 1.5% on 100% of premium Return of 6 Selectra Index Strategy is not available in ND, NJ, OR. 7 Selectra TRA applies to Total Return Strategy. 8 Selectra withdrawals taken proportionately from each strategy on a last-in, first-out basis. N/A in OR for use with IRAs, Roth IRAs, SEPs, SIMPLEs. TSAs are available.

5 ING MarketSmart Index Annuity Single premium, multi-year, index annuity with simple spread design and vested death benefit Owner/Annuitant $5,000 Minimum $1M Maximum without prior home office approval No Indexing Period 5, 6, 7, & 10 years After 1st contract year, 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500 Index growth in that period. Contract Year Percentage Resets upon renewal in most states. ING Income Outcome Annuity Flexible premium, deferred, multi-strategy annuity with fixed and index strategies. Plus potential for substantially enhanced income payout Owner/Annuitant $5,000 Minimum Initial Single $50 Minimum Subsequent $1M Maximum without prior home office approval No Fixed Rate Strategy (FRS) - One year guaranteed interest rate, reset annually. Retirement Index Strategy (RIS) - Annual reset, point-to-point, equity index strategy. No averaging. Index credit guaranteed never to be negative. After 1st contract year, 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500 Index growth in that period. In the first contract year, interest only can be withdrawn from the FRS only. Contract Year Percentage Charges may differ for some states and for ages 56+. CleanandSimple What is CleanandSimple? It is a new way of doing business, our mind set and our promises to you. What Does CleanandSimple Mean to Your Practice? Ease of doing business Building stronger client relationships No more embarrassment/surprises Increased profitability See What We Mean by Visiting Us at: Available after 1st contract year Greater of minimum guaranteed value or accumulation value Must annuitize for at least 120 months to avoid surrender charge Available after 1st contract year If annuitized prior to 10th contract anniversary, greater of minimum guaranteed value or accumulation value If annuitized on or after 10th contract anniversary, greater of minimum guaranteed value or income value Must annuitize for at least 120 months to avoid surrender charge Vested 5 upon death of annuitant Minimum Guaranteed Value 3% on 90% of premium Return of 5 MarketSmart vested death benefit is the higher of the minimum guaranteed contract value or the index value as of previous contract anniversary. Accumulation Value Minimum Guaranteed Value 3% on 87.5% of premium Return of

6 Traditional Annuities and Multi-Year Guaranteed Annuities ING Single Immediate Annuity Single Immediate Annuity providing guaranteed income for life or a specified period Period Certain Life Only or Life w/period Certain $5,000 Minimum $2M Maximum without prior home office approval ING MultiSet Plus Annuity Single premium annuity offering competitive guaranteed interest rate and return of premium Owner/Annuitant $5,000 Minimum $1M Maximum without prior home office approval Yes (except in UT, VT, WA) Resets upon renewal 5, 6, 7, 8, 9, and 10 years In the 1st contract year, owner may withdraw interest earned (and not previously withdrawn in the prior 12 months) without an MVA or surrender charge. After 1st contract year 10% of accumulation value can be withdrawn. Surrender Charge Owner may not surrender the contract at any time. Beneficiary can take a commuted value for any remaining payments at annuitant s death (period certain payouts only).* *Option to commute not available in NJ or OR. Payout Options 2 Life Income 3 Life Income with Period Certain 3 Life Income with Cash Refund 3 Life Income with Installment Refund 3 Life Income with Joint Survivor 3 Life Income with Joint Survivor and Period Certain 3 Joint and Last Survivor 3 Period Certain Joint and Last Survivor with Period Certain 3 Increasing Payment Option For any Period Certain option, annual payment increases of 3% or 6% For other options, annual payment increases of 3% For Joint Life Options, 100% to survivor must be chosen Period Certain - Balance of Remaining Payments Life Only No Minimum Guaranteed Interest Return of 1 SPIA issue ages in CT & UT for Period Certain are SPIA minimum payment payout $50. 3 SPIA proof of age required. Contract Year Percentage Resets upon renewal (except in IN) For 10-year term, MVA applies in 10th year Charges may differ for some states and for ages 56+. Available after 1st contract year. Must annuitize for at least 120 months to avoid MVA and surrender charge. Accumulation Value, plus any positive MVA Minimum Guaranteed Interest At least 1.5% on 100% of premium Return of Yes ING FIXEDDESIGN Sales Desk

7 ING FIXEDDESIGN Support Advertising Review Fax: Agent Automated Access (IVR) Annuity New Business Fax: P.O. Box 617 Des Moines, IA Claims Services Fax: Commissions Fax: Contracting/Licensing Fax: P.O. Box 1593 Des Moines, IA Customer Service Fax: P.O. Box 1337 Des Moines, IA Interest Rate Hotline, option 1 Sales Desk Fax: Supplies Fax: General correspondence can be addressed to P.O. Box 1635, Des Moines, IA

8 For more information, please contact you Marketing Organization or call: ING FIXEDDESIGN Sales Desk Des Moines, IA Contracts issued by ING USA Annuity and Life Insurance Company. For agents only. This is a summary only. Call for complete contract details. Products/features are not available in all states and subject to change at any time. Withdrawals may be subject to Federal income tax and, if taken prior to age 59 1 / 2, a 10% Federal penalty tax. Federal law requires that withdrawals be taken first from interest earnings. All distributions from qualified annuities may be taxable. Taxable distributions may also be subject to State income tax. Initial and additional premiums earn interest based on rates in effect when received. IRAs/qualified plans are already tax deferred; clients should consider other annuity features. Guarantees are subject to claims-paying ability of the insurer. We reserve the right to alter or end incentives. Neither the company nor its agents offer tax or legal advice. Clients should consult a tax advisor or attorney. S&P 500 is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by ING USA Annuity and Life Insurance Company. The Products are not sponsored, endorsed, sold or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the Products. (Index does not reflect dividends paid on underlying stocks.) ING A Global Leader When you select ING as your business partner, you align yourself with one of the largest integrated financial services organizations in the world. Consider some of ING s credentials: n Ranked 9th in the 2005 Forbes 2000 as measured by a composite ranking of sales, profits, assets and market value n Ranked 17th in the 2004 FORTUNE Global 500 as measured by revenue n $671 billion in assets under management as of December 31, 2004 n 113,000 employees in over 50 countries n 60 million clients worldwide. The parent company, ING Groep, N.V., is not responsible for the contractual obligations of its member insurance companies ING First Use: 08/01/2005