ING Variable Annuities will make its product information available to brokers and financial advisors through the MoneyStar Financial Network (MoneyStar/fn).

Related Links

On MFWire.com

AIM Signs Up For MoneyStar Distribution

MoneyStar/fn functions as a broker information resource and a center for electronic sales and marketing literature about retail financial services products. ING Variable Annuities will add their variable annuity products to already existing insurance and investment funds on the Network, which includes funds from AIM, Jackson National Life, Franklin Templeton Funds, New England Financial, GE Financial Assurance, Delaware Investments and Glenbrook Life & Annuity.

MoneyStar/fn acts as an electronic "warehouse" that makes financial product and marketing literature available to financial intermediaries. MoneyStar/fn also integrates product information into the sales process through MoneyStar LifeScript, a point-of-sale tool for brokers and advisors. A spokesperson for Moneystar stated that most of the intermediaries utilizing the service came from the larger financial institutions like Wells Fargo, California Federal and Norwest, but Moneystar was moving quite rapidly into the less traditional distribution channels.

"Electronic distribution offers advantages to both manufacturers and distributors of financial services," said Bill Lowe, senior vice president, broker/dealer division. "By utilizing the Moneystar Financial Network, we have significantly advanced our efforts in this area."

The following variable annuities from ING Variable Annuities are live immediately on MoneyStar/fn: GOLDENSELECT DVA Plus Variable Annuity, GOLDENSELECT Premium Plus Variable Annuity, GOLDENSELECT Access Variable Annuity, GOLDENSELECT ES II Variable Annuity and GOLDENSELECT Value Variable Annuity. ING Variable Annuities is the brand identity for Golden American Life Insurance Company, a member of Dutch financial giant, the ING Group.

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE