Last Updated: 04/18/2025
SuperMoney User Recommendation Score +67
Strongly recommended12 total votes
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Highlights
Community Rating
Strongly recommended
Term Life Death Benefit Range
N/A
Term Options
N/A
Financial Strength Rating
A(Verified 04/18/2025)
Number of Reviews
Voya Life Insurance Review
Voya life insurance Pros & Cons
| Pros | Cons |
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Voya is a life insurance carrier based in Denver, CO. The company was founded in 1991 and offers life insurance products in 49 states (and Washington, DC).
Voya life insurance FAQ
What types of life insurance products does Voya offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options Voya offers.
- Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.
- Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
- Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
- Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.
What is SuperMoney's financial rating of Voya?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Voya an A or excellent, which is SuperMoney's second highest available score for life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +67, or 4.3 on a 5-point rating scale.
+67
-1000+100
No one recommends
Everyone recommends
Voya Life Insurance Community Reviews
Would you recommend Voya Life Insurance to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I love how they make everything so easy. Their staffs are well trained. They attend to clients as if they are blood related and I love the interface of their website too. Very user friendly and easy to operate
NP
Najla P.
Oct 12, 2022
May or may not recommend
Voya is a well known business insurance company and is also well known for 401K insurances as well. They are good with retirement plans and not upto that high level on insurance. The staff are very kind and insightful to all of my future plans.
JG
Jennifer G.
Feb 16, 2022
May or may not recommend
Prior to starting my current job, I had never heard of Voya. I use them for my 403(b) and I have got to say, I am very happy with them! I was not signed up for it before and the process was very easy.
EA
Emily A.
Aug 27, 2021
May or may not recommend
Would recommend this to loved ones looking for secure life insurance!
OM
Okera M.
Jul 23, 2021
May or may not recommend
Voya Life Insurance is absolutely great. Anyone interested should try it out. It is a fantastic product.
FC
Florencia C.
Jul 18, 2021
May or may not recommend
Voya offers a variety of universal life insurance options but if you’re looking for a term life insurance plan or whole life insurance plan you will not find it with Voya. They still offer a few universal life insurance options that can be very useful depending on your life insurance goals. This is especially true if you’re looking for life insurance to work with your retirement planning.
Oriana F.
Jun 23, 2021
May or may not recommend
Life insurance can be a crucial step for many peoples future. Voya is a well known business insurance company and is also well known for 401K insurances as well. Website is fairly user friendly and the reviews are positive relating to customer service being knowledgeable. Would be a great choice for 401K insurance as this is what this company is best rated on.
AW
Aven W.
Jun 21, 2021
May or may not recommend
Voya Financial is a well-known life insurance company. However, it ceased operations in the individual life insurance business area in 2019. It now concentrates entirely on group life insurance policies for medium and large businesses.
You can acquire whole or term life insurance if you are eligible for its group life plans. You can even acquire coverage without having to take a medical exam, which is an excellent choice if you ...Show More
AO
Adebola O.
Jun 14, 2021
May or may not recommend
I love how they make everything so easy. Their staffs are well trained. They attend to clients as if they are blood related and I love the interface of their website too. Very user friendly and easy to operate
FO
Francisco O.
Apr 22, 2021
May or may not recommend
Getting a Life insurance plan is one of the hardest decisions to make in life. Not a think to joke with. Death may come calling any time, either by accident or natural phenomenon. Ensuring one's kids, by extension, family, is taken care of is pertinent. Voya Life Insurance gives me the assurance of compensating my family should the unexpected happens. The contract is clear, and the premiums reasonable when compared ...Show More
MM
Mariah M.
Dec 15, 2020
May or may not recommend
I have my 401K retirement account with VOYA, and I could not be happier with the results. With each quarterly summary, I also receive investment advice in an email and a video tailored specifically to my retirement goals. Each time I log on, the first thing I look at is the traffic light on my dashboard: a green light says that VOYA investment professionals think my investment strategy ...Show More
EH
Evan H.
Sep 9, 2020
May or may not recommend
I was alway hesitating setting up a 401k investment plan. I wanted to keep my entire paycheck, instead of giving some to Voya. The staff are very kind and insightful to all of my future plans. I have only had a plan for about two years and the money has added up quick. Should have done this as soon as I landed a job. Highly recommend this to everyone.
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