ING Suspends Sales of 25 and 30 Year Terms

[NinjaNic]

Just received an announcement that ING will be suspending the sales of 25 and 30 year term products due to the continued low interest environment. Official announcement goes out to producers tomorrow.



*Can you smell a product design shift coming? More carriers going to term/UL chassis?

 

[medsuptage]

the one's that don't are going to get all of the business until they allll make the switch...

 

[Mattschmidt]

Just received an announcement that ING will be suspending the sales of 25 and 30 year term products due to the continued low interest environment. Official announcement goes out to producers tomorrow.



*Can you smell a product design shift coming? More carriers going to term/UL chassis?

Surprised to see this, but as far as companies going to Term/UL model, not sure about that...Transamerica I believe is going back to the traditional Term model, and I thought others would do the same...Who the heck knows!

 

[clevelandbaby]

That's good information. Another choice becomes the victim of a zero interest environment.