Voya Life Insurance Review

Voya Life Insurance is an insurance carrier based in Denver, CO. The company was founded in 1991 and offers life insurance in 49 states (and Washington, DC).

What types of life insurance coverage does Voya Life Insurance offer?

Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.

Here is at brief description of the coverage Voya Life Insurance offers.

• Variable Life Insurance - Variable life insurance is a permanent life insurance policy where the entire cash value of the policy is invested in several accounts. Therefore, the value of the policy rises and falls depending on the performance of the investments.
• Universal Life Insurance - This type of 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 - 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 - This type of universal life insurance allows policyholders to place the cash value of the policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.

As well as the basic coverage types mentioned above, Voya Life Insurance also offers the following policies:

• Survivorship Life Insurance - This type of policy covers two individuals and pays a death benefit to a beneficiary after both have died.

What is the financial strength rating of Voya Life Insurance?

The financial strength rating of a life insurance company scores its ability to pay contracts and policies. SuperMoney gives Voya Life Insurance an A or excellent, which is SuperMoney's second highest available score.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.