Dutch insurer ING Group’s Windsor retirement-services unit has entered the retirement annuity market.
ING U.S. says its ING Lifetime Income single premium deferred fixed annuity gives participants flexible access to their funds as well as a death-benefit feature.
ING says the annuity, issued through ING USA Annuity & Life Insurance Co., complements ING’s menu of retirement products, including providing an in-plan guaranteed income investment option for 401(k) savers.
The product is being offered through retail financial services vendors.
