A new life insurance option is being introduced to employers as a tool that could make retirement planning a bit simpler. ING Life Companies (ING) announced the new cash-value life insurance policy on Thursday in hopes of gaining employer interest as they look for ways to make retirement more attractive to employees.
ING Introduces S.O.L.A.R. Insurance Arrangements
The product ING has introduced is known as Self-Owned Life and Retirement (S.O.L.A.R.) Insurance Arrangements and is being proposed as a way to recruit and retain key talent by helping employees plan their own retirement income.
The product allows employers to offer a life insurance policy to employees that is funded through employer contributions, after-tax employee contributions or a combination of both.




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