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Term Life Insurance by Top
Rated Companies
More term companies
equals the best opportunity to obtain the lowest term quote!
Offering the Largest Selection of
Top-Rated Companies Instantly!
Why is this important?
Personalized
Tele-Application for All Companies, Right Over the
Phone!
For the serious shopper who would like a seasoned
professional to assist them-
"how term life insurance
works", "return of premium term life insurance",
"no exam term life insurance" and "what is term life
insurance" will be explained on this page.
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ING TermSmart Term Life Insurance New York
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Term Life America
Insurance is proud to offer
ING ReliaStar Life. Solid resources
backed by a combination of innovative products and service beyond
expectations.
ING ReliaStar Life of New York - TermSmart NY Product Features |
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State Approvals |
Only approved in NY |
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Type |
The TermSmart NY term life insurance series offers
competitive rates, with level term insurance renewable to
age 80 for non-business term and age 95 for business term.
(“Business term” is term coverage on employees of a company
where the employer pays the entire premium.) After the
guarantee period, premiums charged may vary, but can never
exceed the maximum guaranteed premiums shown in the policy
and displayed on computer sales illustrations. The
TermSmart NY term life insurance series offers
competitive rates, with level term insurance renewable to
age 80 for non-business term and age 95 for business term.
(“Business term” is term coverage on employees of a company
where the employer pays the entire premium.) After the
guarantee period, premiums charged may vary, but can never
exceed the maximum guaranteed premiums shown in the policy
and displayed on computer sales illustrations. |
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Conversion Options |
The policy may be converted to select cash value policies
issued by ReliaStar Life Insurance Company of New York,
without evidence of insurability, as follows:
ING TermSmart NY-10 During the first 10 policy years
not to exceed age 75
ING TermSmart NY-15 During the first 15 policy years
not to exceed age 75
ING TermSmart NY-20 During the first 20 policy years
not to exceed age 75
ING TermSmart NY-30 During the first 30 policy years
not to exceed age 75
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Conversion will be to the same class, if available,
otherwise to the most comparable class available at the time
of conversion |
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Issue Ages |
Age Nearest Birthday
TermSmart NY 10: 18-70
TermSmart NY 15: 18-65
TermSmart NY 20: 18-60
TermSmart NY 30: 18-50 (45 for Smokers) |
Face Amounts
Min/Max |
Band 1 — $100,000—$199,999
Band 2 — $200,000—$999,999
Band 3 — $1,000,000+ |
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Modal Factors |
Semi-annual = .52
Quarterly = .265
Monthly = .0875 |
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Policy Fee |
$60: $100,000-$199,999
$50: $200.000+ |
Special Product
Features |
Accidental Death Benefit provides protection up to
the face amount, to a maximum of $300,000 on any one life in
all companies. The rider automatically expires on the policy
anniversary nearest the insured's 65th birthday. The issue
ages are:
18-60 for TermSmart 5 & 10
18-55 for TermSmart 15
18-50 for TermSmart 20
Waiver of Premium allows premiums to be waived if the
insured becomes totally disabled. The rider automatically
expires on the policy anniversary nearest the insured's 60th
birthday. The issue ages are 18-55.
Child Term Insurance provides level term insurance on
each insured child to age 25. Each unit provides $1,000 of
death benefit for each insured child. Each unit costs $6.00
per year, regardless of the number of children covered.
Minimum is 2 units, maximum is 10 units. Issue ages for the
insured parent are 18-60, issue ages for children are 15
days to 18 years. The rider terminates at the earlier of the
insured's death, the insured's age 65, or when the youngest
child reaches age 25. |
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ING ReliaStar Life of New York - TermSmart NY Underwriting
Guidelines
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Classes |
Super Preferred No Tobacco
Preferred No Tobacco
Select No Tobacco
Standard No Tobacco
Preferred Tobacco
Tobacco |
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Re-entry |
At
the time of re-entry, the policy may be exchanged for a
comparable life insurance product available at that time,
subject to evidence of insurability and issue requirements,
at the insured’s then attained age. Re-entry is available on
an anniversary on or after the 10th anniversary providing
the insured’s age is 65 or less. |
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Tobacco Definition |
Super Preferred No Tobacco: (SPNT)
A person who has not used tobacco or nicotine prod-ucts in
any form within the past five years, who is in excellent
health and meets the criteria.
Preferred No Tobacco: (PNT)
A person who has not used tobacco or nicotine prod-ucts in
any form within the past three years, and who meets the
criteria.
Select No Tobacco: (SeNT)
A person who has not used tobacco or nicotine prod-ucts in
any form within the past two years, and who meets the
criteria.
Standard No Tobacco: (SNT)
A nonsmoker who does not qualify for Preferred No Tobacco
and does not have a ratable impairment and has used no
tobacco or nicotine products in any form within the past one
year.
Preferred Tobacco: (PT)
A user of tobacco (less than two packs of cigarettes per
day) or nicotine within the past three years that meets all
the other criteria as a Preferred No Tobacco.
Standard Tobacco: (ST)
A tobacco user or nicotine user who does not qualify for
Preferred Tobacco rates and does not have a ratable
impairment. |
Special Underwriting
Features |
Super Preferred No Tobacco:
Blood Pressure: No current or prior blood pressure
reading in excess of
Age 0-60: 140/85
Age 61+: 150/90 No history of treatment for hypertension
Cholesterol:Treated or untreated
Age 0-70: Chol max 220 + ratio not > 5.0 OR Chol max 240 +
ratio not > 4.5
Age 71+ Chol max 280 and ratio not > 6.5
MVR: No DWI/DUI or reckless driving in the past 5
years and no more than 2 moving violations within the past 3
years.
Personal Medical History: Standard medical risk; no
history in past 30 years of cancer (other than basal cell
skin cancer).
Alcohol/ Drug: No history of drug or alcohol abuse in
past 10 years.
Family History (If proposed insured < age 60): No
cardiovascular deaths in parents prior to age 65.
Aviation or Hazardous Avocation/Occupation: Aviation
available - may have Aviation Exclusion Rider (AER); no
ratable hazardous avocation or occupation.
Preferred No Tobacco:
Blood Pressure: No current or prior blood pressure
reading in excess of
Age 0-60: 145/90
Age 61-70: 150/90
Age 71+: 160/90 Treated, well-controlled hypertensives with
pretreatment levels exceeding the above limit may be
considered for Preferred.
Cholesterol:Treated or untreated
Age 0-70: Chol max 240 + ratio not > 5.5 OR Chol max 260 +
ratio not > 5.0
Age 71+ Chol max 280 and ratio not > 6.5
MVR: No DWI/DUI or reckless driving in the past 5
years and no more than 2 moving violations within the past 3
years.
Personal Medical History: Standard medical risk; no
history in past 30 years of cancer (other than basal cell
skin cancer).
Alcohol/ Drug: No history of drug or alcohol abuse in
past 10 years.
Family History (If proposed insured < age 60): No
cardiovascular deaths in parents prior to age 60.
Aviation or Hazardous Avocation/Occupation: Aviation
available - may have Aviation Exclusion Rider (AER); no
ratable hazardous avocation or occupation.
Select No Tobacco:
Blood Pressure: No current or prior blood pressure
reading in excess of
Age 0-60: 150/92
Age 61-70: 155/92
Age 71+: 165/92 Treated, well-controlled hypertensives with
pretreatment levels exceeding the above limit may be
considered for Select.
Cholesterol:Treated or untreated
Age 0-70: Chol max 250 + ratio not > 6.5 OR Chol max 270 +
ratio not > 6.0
Age 71+ Chol max 290 and ratio not > 7.0
MVR: No DWI/DUI or reckless driving in the past 5
years and no more than 2 moving violations within the past 3
years.
Personal Medical History: Standard medical risk; no
history in past 30 years of cancer (other than basal cell
skin cancer).
Alcohol/ Drug: No ratable history of drug or alcohol
abuse.
Family History (If proposed insured < age 60): No
cardiovascular deaths in parents prior to age 60.
Aviation or Hazardous Avocation/Occupation: Aviation
available - may have Aviation Exclusion Rider (AER); no
ratable hazardous avocation or occupation.
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