Wealth management

In Brief: ING Variable Annuity Adds Spousal Benefit

Published September 05, 2006, 1:00 a.m. EDT

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Updated September 01, 2006, 4:13 p.m. EDT

1 Min Read

ING Group NV's U.S. retail annuities unit has announced the addition of a spousal withdrawal benefit to its variable annuity family.

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The withdrawal feature offers a guaranteed lifetime benefit for married couples, the Atlanta-based unit said on Thursday, and it expands the ING LifePay withdrawal feature for individuals that was introduced in November 2005. Both versions are designed to convert savings into a reliable income stream for retirement years or other immediate income needs.

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Wealth management

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