We will give you a breakdown of our review of this life insurance company so you will know more about it and give you some of its strengths and weaknesses.
If you are thinking about getting your life insurance policy with ING, then please keep reading.
Company Overview of ING Life Insurance Company
ING is actually a multinational banking and financial company which began in Holland and has its world headquarters based in Amsterdam. The company officially became known as ING in 1991.
The company’s history with U.S. life insurance actually has it roots going back to as far as 1885. ING’s parent company in the U.S. is called ING American Insurance Holding Group. It consist of several companies which it purchased in the mid 1970’2 including Security Life of Denver, Life of Georgia (which was later sold), Equitable of Iowa, Furman Selz, and Relia Star located in Minneapolis.
The headquarters for ING American Insurance Holding Group is based in New York City, N.Y. so the company has a long and established historical base in the U.S.
Financial Strength of ING Life Insurance Company
One of the surest ways to know if your life insurance company is a good choice is to know its financial strength. This is important if you want to know how stable a company will be and has the ability to pay its claims.
Because a life insurance policy is a long term commitment it’s always best to see how a company is rated by the financial rating companies in the U.S.
Financial Strength of ING from Rating Companies
These ratings are valid as December 9, 2011.
Rating Company A.M. Best Fitch Moody’s Standard and Poor’s
Rating A A- A3 A+
Explanation Excellent Good Strong Strong
Rank 3rd 7th 7th 7th
Overall, ING Life Insurance Company scores very high and is considered a financially solid and stable life insurance company.
Products Offered by ING Life Insurance Company
ING Life Insurance Company offers a broad range of life insurance products which the buyer can select from which gives you versatility in getting a plan that is most suitable to your life insurance needs….…(continue to part 2)….