Life Insurance

Voya Financial Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

Voya Financial Life Insurance offers a variety of life insurance products, from basic coverage to more comprehensive coverage with accelerated death benefits, to assist you in satisfying your financial obligations following your death. Because Voya’s insurance products are handled via your employer, your monthly premiums are immediately withdrawn from your salary. Additionally, it has the unique benefit of permitting you to leave your work while continuing your insurance coverage, which is really handy.

On the other hand, Voya’s pricing and coverage remain unknown. Expect to spend some time on the phone with customer support to obtain the information you want. Workers who want responses quickly may be able to offer pertinent information to other workers over the internet.

What affects my rate with Voya Financial

Numerous factors contribute to the rise or fall of your interest rates.

Voya Financial Life Insurance Review - Voya Financial Insurance Company Logo
  • The individual’s age and weight
  • Possibility of adhering to a healthy lifestyle
  • Work and pleasure are very crucial aspects of my existence.
  • Employer-sponsored insurance policies
  • This day commemorates the start of insurance coverage.

How to get a quote from Voya Financial life insurance

During open enrollment, you are more likely to be covered by a company-sponsored health plan, such as Voya’s, and so enroll through your employer. Please contact us at 855-663-8692 between the hours of 9 a.m. and 6:30 p.m. ET on weekdays or through email at [email protected] with any questions or concerns regarding the policy.

As part of the enrolling process, the following tasks may be required:

  1. Complete the form by entering your name, Social Security number, postal address, and details about your dependents. Submit the form by clicking the “Submit” button.
  2. To guarantee that your insurance needs are satisfied, select a policy type and any applicable riders.
  3. Examine the documentation for errors and omissions and make any corrections or additions.
  4. If you want to develop in your job, you must comply with your boss’s request to sign a contract and submit an application.

What types of life insurance coverage does Voya Financial offer?

Voya’s benefits package includes a variety of strategies to assist you and your family in protecting your lives and the lives of those you love.

  • Life expectancy. It protects against financial loss for a period of between ten and thirty years. If you die during the term of the insurance policy, you will be entitled to a monetary payout.
  • Depending on the plan, your employer’s insurance coverage may cover a broad variety of expenses, from funeral costs to your mortgage.
  • I intend to remain here for the remainder of my years. Long-term insurance plans that yield tax-deferred interest are designed to provide financial security throughout your retirement years. If you provide a specific amount, you might be able to borrow against it.

What riders can I add to my policy?

Parents with special needs children may be entitled for free help in addition to the insurance provider’s standard coverage. Which rider options are available to you is determined by your state’s life insurance plan and your employer’s choice.

  • Riders gain from accelerated death. Insurance may be enhanced with an extra rider to cover medical and other expenditures for persons suffering from a terminal disease.
  • Accidental death insurance is a supplemental policy. If you die in an accident, such as a vehicle accident, your life insurance policy will give your beneficiaries an additional benefit.
  • On board the plane are a child and a husband. Include your loved ones in your life insurance policy to make a difference in their lives.
  • As an add-on, supplemental disability income is offered. If you become handicapped and are unable to work, the government will pay you a monthly stipend.
  • Rider is wheeled for maneuverability. Even if your employer permits you to take a leave of absence or if you become permanently incapacitated, adding a rider to your policy ensures that your insurance remains valid during your absence or incapacity.
  • You may add a rider to your homeowners insurance policy that will cover dental and eye treatment. For a short period, you can supplement your existing coverage with life insurance through your permanent policy.
  • By accepting this rate, the passenger voluntarily waives his or her entitlement to a higher fare. If you become completely handicapped, you will not be required to pay a premium to maintain your insurance coverage.

Voya Financial life insurance reviews and complaints

Despite the fact that Voya has yet to reply to a single complaint, the Better Business Bureau has rated the company’s reputation an A-. Although the firm has been in business for 45 years, it receives extremely few internet complaints and negative online reviews.

Generally, the matter is handled quickly. In nine of the reviews listed above, customers cited issues regarding payment troubles, including late payments, not getting checks, and people who do not reply to enquiries. The average rating is 725 points, according to the 2020 J.D. Power Life Insurance Study.

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