NEW YORK, May 16 /PRNewswire-FirstCall/ -- National Financial Partners Corp. , a national network of independent financial advisors specializing in life insurance and wealth transfer, corporate and executive benefits, and financial planning and investment advisory services, today announced an exclusive arrangement with ING U.S. Financial Services to immediately provide access to increased life insurance capacity through a variety of hybrid premium financing programs for NFP's network of retail and wholesale firms.
"NFP continues to be committed to providing all clients - including high net worth individuals who are 65-years old and older - with the best options for their life insurance needs. This program underscores our ongoing commitment to work with carriers, reinsurers, and lenders to create programs that provide solutions for our customers to address the intricacies of sophisticated estate planning and wealth transfer," said Jessica M. Bibliowicz, National Financial Partners chairman and chief executive officer. "Coordinating programs such as this to increase life insurance capacity in the older age markets supports our firms' goal to satisfy their clients' needs."
Hybrid premium financing helps sophisticated high net worth individuals meet their financial or estate planning needs without having to liquidate personal assets. Hybrid financing generally requires a combination of personal liability and/or pledged assets to collateralize the loan. This program is not designed for any policy that is intended to be sold or investor owned.
"Through its position as a recognized leader in independent distribution, NFP was able to facilitate the reinsurance capacity ING required to offer this program," said Butch Britton, president, ING U.S. Financial Services' Life Business Group. "ING recognizes that high net worth individuals in the older age market need access to expanded life insurance capacity and our partnership with NFP allows us to respond to this need in a responsible and efficient manner."
About National Financial Partners Corp.
Founded in 1998, NFP is a leading independent distributor of financial services products to high net worth individuals and entrepreneurial companies. NFP is headquartered in New York and operates a distribution network of over 175 firms. For more information, please visit http://www.nfp.com/.
About ING
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 14 million customers across the nation. For more information, visit http://www.ing.com/.
