Life - Life Insurance
Life Insurance Company
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Life Insurance Company, now also known as ING Northern Annuity,
has been in the business of providing financial security since
1906. Northern Life introduced the first package policy combining
life, accident, and health insurance. Northern Life were one
of the first ten companies to develop a universal life product.
And Northern Life were a pioneer in the 403(b) tax-sheltered
Northern Life have statutory assets of more than $7 billion
and are among the nations leading providers of 403(b)
plans for kindergarten through 12th grade educators. Over
the years, Northern Life have helped hundreds of thousands
of policyholders retire with peace of mind. Your ING Northern
Annuity representative Security. Thats what youre
seeking when you put your money into a fixed annuity. Youre
looking for a product where your money can accumulate safely
until you need it. As an ING company, Northern Life make your
security their number one priority. Of course, a fixed annuity
is only as secure as the company that stands behind it. Thats
why youve got to be sure you choose a product from a
company with financial strength you can trust.
Northern Life - Tax-Sheltered Annuities (TSAs)
are special kinds of retirement plans allowed under Section
403(b) of the Internal Revenue Service Code. TSAs are payroll
deduction plans designed to help allow educators and other
employees of non-profit organizations to place up to a stated
percentage of an their salaries into qualified pension programs.
This income is free from current income taxes, and the investment
income accumulates tax deferred.
type of annuity is well suited for conservative investors
who don't need current income and want to save for the longer
term. A TSA might be a better choice than a CD because earnings
Individual Retirement Accounts (IRAs)
IRA is an investment account that encourages regular savings
and offers tax advantages as well. These savings and tax breaks
can help you achieve a financially secure retirement.
you have job-related income or if you receive alimony, you
can contribute to an IRA account. You may qualify for a traditional
IRA that offers two tax breaks. First, you can invest up to
$2,000 a year in an IRA ($4,000 a year for married couples)
and not pay any tax on the IRA earnings until you begin taking
money out in retirement. Second, depending on your income,
you may be able to deduct IRA contributions from your current
income, lowering your tax liability. As an example, if you
make $2,000 of deductible contrutions to an IRA and are in
the 31 percent tax bracket, you will save $620 on current-year
taxes, provided you income does exceed certain limits.
tax savings can help you reach your goal of financial security.
The tax-shelter feature of an IRA allows you IRA earnings
to compound more quickly than money put away in most taxable
a traditional IRA, Roth IRA's earnings grow tax-deferred.
Roth IRAs, however, are not tax deductible. This means you
pay taxes on the earnings now, and get the painful part out
of the way.
give up the tax deductions now that the traditional deductible
IRA offers. But over the long haul, the Roth IRA may bring
you significantly higher after-tax retirement savings. With
the Roth IRA you pay taxes at your current rate before your
assets grow significantly. When you retire and start withdrawals,
you keep all the money you have earned.
Roth IRA can be especially beneficial if your tax bracket
will stay the same or rise after your retirement.
Northern Life - Variable Annuities
annuities allow investors to accumulate money for retirement
using professionally managed investment options with varying
objectives and risk levels.
choose the underlying options that best suit their needs and
move from one to another as personal needs change.
the case of Northern Life's variable annuity - The Northern
Life Advantage - investors choose from twenty-seven leading
investment options from six leading fund managers: Fidelity
Management and Research Co., Fred Alger Management, Inc.,
Janus Capital Corp., Northstar Investment Management Corp.,
Neuberger & Berman Management, Inc., and OpCap Advisors.
Annuities help you build a more secure financial future by
combining the safety and guarantees of an annuity with the
upside potential of earning interest rates linked, in part,
to increases in a stock index. In the case of Northern Life's
FutureLink equity-indexed annuity, interest rates are linked,
in part, to the Standard & Poor's 500 Composite Price
Index. FutureLink offers tax-deferred growth, a guaranteed
minimum value and protection of principal, a joint life income
option, and estate planning probate advantages.
FutureLink, you also get the security of a guaranteed 3% minimum
interest rate credited on 90% of your total purchase payments.