ReliaStar Life Insurance Company
ReliaStar Life Insurance Company
20 Washington Avenue South
Minneapolis, MN 55401
ReliaStar Life Insurance Company is headquartered in Minneapolis, Minnesota and has administrative offices located in Atlanta, Georgia. ReliaStar is licensed to do business in all states and an accredited reinsurer only in New York. The company is a qualified member of the Insurance Marketplace Standards Association (IMSA). Membership to this association supports ethical market conduct for individual life insurance and annuities.
The company was initially incorporated under the laws of Minnesota on September 15, 1885, under the name Northwestern National Life Insurance Company. Over the next 115 years, the company grew into one of the biggest financial service companies in the United States. It was purchased by ING Group in September 2000 and is now a member of the ING family of companies and a completely-owned indirect subsidiary of ING Group N.V. ING Group, a worldwide financial services company of Dutch origin, is a leading provider of a broad array of banking, insurance and asset management services in over 50 countries with more than 150 years of experience.
ReliaStar Insurance has total assets of $21.5 billion, with net life insurance of $461 billion. A.M. Best company, a leading insurance-rating and information agency, has assigned the financial strength rating of A or excellent (3rd highest of 16 ratings) to ReliaStar. Fitch and Standard and Poor’s provided a rating of AA to the company, while Moody’s gave a rating of Aa3. The financial strength of ReliaStar and potential for prolonged survival are represented by these ratings.
A strong partner for individual and group insurance, ReliaStar offers a wide array of annuities, retirement services, reinsurance, and other financial offerings, for complete asset management. Its insurance products are distributed through independent life insurance agents. Life insurance offerings by the ReliaStar for individuals comprise basic and supplemental insurance products, including term life insurance, universal life insurance, and variable life insurance.
Its term life insurance ensures full and immediate coverage ranging from 10 to 30 years. The death benefits a customer can get may be as low as $100,000 and as high as $3 million. Certain term life insurance policies from Reliastar may be renewed up to the insured’s 95th year, while all policies may be converted to cash. For variable universal life insurance, Reliastar offers adjustable premium payments, dollar cost averaging, and numerous investment choices. Death benefits may also be adjusted according to the policy holder’s preferences.
Group life insurance benefits are intended to provide the preferred coverage necessary to keep quality employees while reducing the employer’s costs. Employers search for adaptable, cost-effective plans that permit the broadest possible insurance selections for their employees and dependents, to supply group rates and to lessen the financial pressures on their staffs. ReliaStar provides plans to businesses of all sizes, including
group annual term life insurance, with disability income, voluntary insurance products, universal life insurance, portable term life insurance, portable universal life insurance, whole life insurance, critical illness insurance, and disability income insurance.
All ReliaStar products include modern, up to date enrollment technology and benefit delivery using online tools.