Company Information Company History: Reliastar Life Insurance Company, based in Minnesota, and its wholly owned subsidiary, Reliastar Life Insurance Company of New York, are part of a fleet of about 10 life insurance companies in the U.S. and Canada that are owned by ING, a global financial services company operating in more than 50 countries. The life insurance companies of this group sell annuities, life insurance and retirement plans to individuals, employers and institutions. Reliastar traces its beginnings to a company founded in 1901 a ...
Comments "AM Best reduced its rating from A+ down to A in mid-2009. Also, ING (which owns ReliaStar) appears to be facing financial pressures that are leading it to sell off some (or perhaps all) of its life insurance business. This means that ReliaStar term life insurance policy will probably be sold to another carrier very soon. While I am very satisfied with my policy so far, this uncertainty concerns me and makes me definitely not willing to recommend this insurance company to my friends, family, etc." 2009-12-30 13:44:30 EST