Life - Life Insurance
ING Security Life
Life of Denver Insurance Company is more than strong financial
figures, high industry ratings, and competitive life insurance
products. Security Life are a company of long-term relationships.
Security Life value their relationships with independent producers
and with Security Life policyowners, because Security Life
understand that the success of their clients leads to Security
Life's own success.
Security Life was founded in 1928 and has always maintained
a strong commitment to client relationships. Twenty years
ago, Security Life became one of the first insurance companies
to target high net-worth individuals and companies, focusing
on the following areas:
Life insurance products are designed to provide innovative
solutions that address the concerns of business owners, professionals,
entrepreneurs and the affluent in their key markets.
can take comfort in ING Security Life's consistently high
industry ratings and Security Life's financial strength. Security
Life are a proud member of ING Group, one of the world's largest
financial services organizations. ING operates in nearly 60
countries and employs more than 80,000 people. ING (listed
on the New York Stock Exchange) reported total net income
in excess of $31 billion in 1997.
June 13, 1997, ING took a major step toward its expansion
in North America and globally when the symbol of The ING Lion
joined the bull and bear on Wall Street. The NYSE listing
was a milestone attained after two years of extensive preparation;
it will increase ING's visibility in North America across
a much broader audience and will be the key to expansion worldwide.
Security Life -
Life Insurance Frequently Asked Questions
I need life insurance?
The ability to earn an income can be considered your family's
most valuable asset because your income allows you to obtain
other assets, particularly the necessities of life and, of
course, the creature comforts. However, as you know, the ability
to earn an income is not guaranteed. Yet, the need for income
may continue for those who were financially dependent upon
you. Consequently, your need for life insurance and the amount
will depend upon your personal and financial circumstances
if I already have life insurance coverage?
Even if you have life insurance, your children will grow older,
you will change employers and you will prepare for retirement,
your need for life insurance changes. Therefore, you should
review your life insurance needs every few years.
is term insurance?
Term insurance typically provides coverage for a specified
period such as 1, 5, or 10 years. A death benefit is only
paid if the insured dies within the contract duration. Term
insurance does not build cash value.
is fixed premium whole life insurance?
Fixed premium whole life is the most traditional type of permanent
life insurance. The premium and coverage amounts are fixed
and remain level throughout the life of the insured. Typically
premiums are paid for the insured's lifetime. The policy,
over time, builds cash value, which can be used for a variety
of purposes, such as funding future premium payments or providing
supplemental retirement income.
is flexible premium universal life insurance?
Typically referred to as universal life, these products allow
for both flexible premiums and death benefits. The premium
and death benefit are tied to a minimum and maximum, but allow
the policyowner to "adjust" his or her policy as
their insurance needs change. The policy, over time, builds
cash value, which can be used for a variety of purposes, such
as funding future premium payments or providing supplemental
is flexible premium variable universal life insurance?
These products are a combination of universal life, with flexible
premiums and death benefit, and investment options. A portion
of the premium pays for the death benefit and the remaining
portion is invested in policyowner directed investments. Because
the policyowner assumes investment risk with this type of
policy, these products are considered to be securities. In
the United States, variable universal life products must be
registered with the Securities and Exchange Commission (SEC),
and only agents who have passed a National Association of
Securities Dealers (NASD) examination and who are variable
life licensed with the appropriate state may sell these products.
is survivorship life?
Survivorship life, also known as second-to-die insurance is
insurance on two lives that pays the death benefit at the
death of the second insured. Typically this is used by a husband
and wife in estate planning, but it has other business and
is estate planning?
Estate planning is financial planning to preserve estate assets
after the death of an individual and provide for the transfer
of those assets in accordance to the decedents goals and objectives.
Life insurance, if properly structured, can be used to pay
estate taxes, protect an on-going business, and replace assets
given to charity.
is wealth transfer?
Life insurance can be used to protect the assets in an estate.
Life insurance death benefit proceeds can be used to cover
final expenses, including taxes, without the executor having
to sell off capital assets. Life insurance proceeds can also
be used as a gift to a favored charity.
is business continuation?
Business continuation is a concept that may use life insurance
to protect the existence of a public corporation or a closely
held nonpublic business when an owner dies. A buy-sell agreement,
which provides for the disposition of a business when an owner
retires or dies, and key employee coverage, which can provide
liquidity if a key person is lost, are also concepts used
in business continuation.
is executive benefit planning?
This is a concept that uses life insurance to enhance executive's
retirement benefits. Most executives are faced with limitations
on their qualified (pre-tax) retirement plans. The use of
nonqualified (after-tax) plans improves a business' ability
to recruit and retain key executives by providing a method
of supplementing retirement benefits without the limits that
are placed on qualified plans.
is retirement planning?
This involves financial planning to provide the resources
to fund a comfortable, financially secure retirement. The
cash values of a properly structured life insurance policy
are often used to supplement retirement benefits.