Voya Financial (ReliaStar) Life Insurance Company Review [2024]

Important Note: VOYA / ReliaStar Life Insurance Company no longer sells term life insurance. The content in this page is old, but may be helpful to existing VOYA customers. That’s why we kept it. It now includes information about Voya life insurance policies. Please keep this in mind as you read through the information and contact us if you have any doubts or questions.

As an online insurance broker, we’re not limited to working with one specific life insurance company. By definition, a broker typically works with several companies but represents you, not the company.

Every insurance company we make available to you has been carefully chosen to provide competitive prices, fast term life insurance application processing and underwriting (see guidelines here: life insurance underwriting guidelines), and excellent customer service. Today, we’ll take a closer look at one such company: VOYA / ReliaStar Life Insurance Company.

ReliaStar Life Insurance Company is Now Voya Financial

ReliaStar Life Insurance Company (also called ING ReliaStar Life Insurance Company) is a United States Voya Financial company, which has rebranded from ING U.S. Voya is composed of premier retirement, investment, insurance products, and insurance companies serving the financial needs of approximately 13 million individual and institutional customers in the U.S. The company was founded in 1885. (For more information, read our “ING (Voya Financial) Life Insurance Review“).

ReliaStar Life has an A financial rating from AM Best rating service, and an A- rating from Standard & Poor’s financial strength rating service. These company ratings represent a measure of a company’s claims-paying ability and overall performance.

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Understanding Voya / ReliaStar Life Insurance

Navigating the world of life insurance can be daunting, but understanding key companies like ReliaStar Insurance can simplify the process. ReliaStar Life Insurance Company of New York is a prominent player in the insurance market, providing a range of life insurance options tailored to meet diverse needs.

Their ReliaStar Life Insurance Company website offers comprehensive resources for potential and current policyholders.

Interestingly, many people ask, “Is ReliaStar now Voya?” The answer lies in the rebranding efforts that have taken place, as Voya / ReliaStar financial and Voya / ReliaStar Life Insurance reflect the company’s transition to a unified brand under Voya Insurance.

This rebranding has not only modernized the company’s image but also aimed to enhance customer trust and satisfaction. For those seeking insights into the quality of service, Voya life insurance reviews and ReliaStar life insurance reviews pertain to the same company and offer valuable perspectives from other customers.

Reviews often highlight the ease of ReliaStar life insurance payments and the ability to make payments online, making the financial aspects more manageable for policyholders. Additionally, Voya life insurance review forums emphasize the customer service and policy options available.

Despite the name changes and rebranding efforts, whether you encounter references to ReliaStar Life insurance, ING Reliastar, or simply Voya, the company’s commitment to providing reliable life insurance coverage remains steadfast.

Comprehensive Financial and Insurance Solutions

When considering financial and insurance services, Voya financial reviews often highlight the company’s reliability and diverse offerings. As a key player in the market, ReliaStar Insurance Company has seamlessly integrated into the Voya brand, continuing to provide robust life insurance and financial products.

Voya financial ratings consistently reflect strong performance and customer satisfaction. A closer look at a Voya investment management review reveals a wide range of investment options tailored to meet individual financial goals.

Furthermore, Voya Life Insurance Company offers competitive policies, including the ING ReliaStar policy, known for its comprehensive coverage and flexibility.

For those specifically interested in life insurance, Voya Indexed Universal life insurance reviews provide insights into the benefits of indexed universal life insurance, a popular product due to its growth potential and flexibility. The ReliaStar life insurance website is a valuable resource for accessing policy details and managing accounts.

ReliaStar life insurance caters to specific needs, ensuring customers find suitable coverage. Additionally, Voya Annuity reviews highlight the company’s annuity products, designed to provide a steady income stream during retirement.

Excellent ReliaStar life insurance customer service further enhances the overall experience, ensuring policyholders receive timely and effective support. Positive Voya financial life insurance review across various platforms underscore the company’s commitment to delivering quality financial and insurance solutions.

Comprehensive Insights into ReliaStar and Voya Life Insurance Services

When exploring life insurance options, it’s essential to consider ING term life insurance and ReliaStar Life Ins. Co. for their comprehensive coverage and flexible policy options.

The transition from ReliaStar Life Insurance Company ING to Voya / ReliaStar Life Insurance Company has strengthened their market presence, making them one of the most reputable life insurance companies.

To get an idea of costs and coverage, requesting an ING life insurance quote or an ING term life insurance quote can be very informative. For those who prefer term life policies, ReliaStar term life insurance is a solid choice, offering competitive rates and robust coverage.

Customer service is a crucial aspect of any insurance provider, and both Voya financial customer service are renowned for their efficiency and responsiveness. If you need to get in touch, the ReliaStar life insurance phone number is readily available on their website, which also allows you to pay ReliaStar life insurance online easily.

Customer reviews, such as Voya retirement plan reviews, often highlight the reliability and support provided by the company. Moreover, Voya whole life insurance offers lifelong coverage with a cash value component, adding to the diverse range of products available.

The ReliaStar Life Insurance Company rating further attests to the company’s financial strength and customer satisfaction, making them a trusted choice for many.

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What features are included with a Voya life insurance policy?

These features are often called “riders” in insurance lingo. This simply means they “attach to” or “ride-along” with your policy. These two are included for free with your policy.

Accelerated Death Benefit Rider

VOYA Financial includes an Accelerated Death Benefit (ADB) rider at no extra cost to you (in approved states). This benefit allows you to receive a portion of the death benefit if you become terminally ill, with a life expectancy of 12 months or less. The policy owner can request payment of up to 25 percent of the eligible death benefit, not to exceed $250,000.

Conversion Option

A Conversion Option (CO) is included with no extra premium. You may convert the policy to select permanent life insurance policies issued by life insurer. You do not need to show evidence of insurability to convert your policy, as long as you do it during the guarantee period of the policy, not to exceed age 75.

What extra features can you add to your Voya life insurance policy?

You can buy these optional riders and they will also become a part of your Voya life insurance policy.

1. Waiver of Premium Rider

A Waiver of Premium (WOP) rider is available with extra premium. If you have a total disability before you reach age 60, and after a waiting period of six months, your premiums will be waived retroactively from the beginning of the disability. The premiums will continue to be waived for the duration of your total disability. The maximum face amount for a policy with this rider is $5,000,000. You can buy this rider if you are between the ages of 18-55. It will expire on the policy anniversary nearest your 60th birthday.

2. Accidental Death Benefit Rider

An Accidental Death Benefit (ADB) rider is available with an extra premium. This rider pays in addition to the base policy death benefit if you were to die in an accident. The benefit amount is up to the face amount of the base policy or a maximum of $300,000 on any one life (includes any such benefit already in force). For example, let’s say you have a $250,000 term life policy with the ADB rider attached. If you die in a covered accident, Voya Financial will pay your beneficiary an additional $250,000 death benefit, for a total payout of $500,000.

You can buy this rider if you are between the ages of 18-60. It will expire on the policy anniversary nearest your 65th birthday.

3. Children’s Term Insurance Rider

The Children’s Term (CT) rider is also available with an extra premium when buying life insurance for children. It provides level term insurance on each insured child, up to age 25. Each unit of coverages provides $1,000 in death benefit per child. A minimum of two units and a maximum of ten units are available. The cost per unit is $6.00 annually, regardless of the number of children covered. You can buy this Rider if you are between the ages of 18-60 and your children are between the ages of 15 days to 18 years. It expires if you die, if you reach age 65, or when your youngest child reaches age 25, whichever happens first.

What Voya / ReliaStar life insurance policies are available?

VOYA term life policies include term lengths of 10, 15, 20, 25, and 30 years, during which your rates are guaranteed to remain the same. The minimum coverage amount is $100,000. A paramedical exam is required to apply for all policies.

Remember, working with an online broker has its advantages. Buying online allows you to complete the process at your own pace while avoiding pressure to buy. It also gives you a variety of companies to choose from.

Get started with a free term life insurance quote and let us know if you’d like one of our licensed Insurance Professionals to help you choose the best life insurance company for you and your unique circumstances.

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