More about ING ROP Endowment Term and ING ROP Endowment Term NY

New Endowment Term Product Features

Recently announced ING ROP Endowment Term and ING ROP Endowment Term NY term life insurance products are designed to help you compete in the return-of-premium term market. These products will replace ING ROP Term and ING ROP Term NY (subject to state approval).

Key changes and differences between the old and new products are shown below:

• New 25 year product
• Competitive rates
• Return-of-premium pricing that complies with new industry guidelines

Feature	Old	New
Endowment Benefit	Equals all premiums paid minus flat extra premiums and premiums paid but not yet due and payable.  Benefit is also adjusted for certain rider benefits paid.  Available at the end of the initial level premium period.	Equals all premiums paid for the base policy minus special class and flat extra premiums, modal premium charges and premiums paid but not yet due and payable.  Available at the end of the initial level premium period.
Level Term Periods	15, 20 and 30 years	20, 25 and 30 years
Banding	$100,000-249,999 $250,000-499,999 $500,000+	$100,000-149,999 $150,000-249,999 $250,000-499,999 $500,000+
Modal Premium Factors	Semi: .50 Quarterly: .25 Monthly EFT: .083333	Semi: .52 Quarterly: .265 Monthly EFT: .0875

Software & Marketing Materials
ING Presents and electronic versions of marketing materials will be available electronically early next week on www.inglifeinsurance.com. Printed materials will be available on 12/18/09.

Transition Rules

When?	What?
12/18/09	Applications and final underwriting requirements must be received by this date to qualify for current, lower rates.  You must consider this when determining whether to quote old or new rates.
12/19/09	All applications received on and after 12/19 will be processed with new rates for new product.
12/31/09	Last day for current policies to be issued with current rates.
01/01/10	All policies will be issued with new rates.  If a state has not yet approved ING ROP Endowment Term, we will contact the agent for further instruction because we will not be able to issue the policy with the old rates.

For more information contact Madison Brokerage at (888)539-3232