ING Reliastar Life Insurance Review: ING Reliastar is now VOYA, a highly-rated company that holds an excellent “A” score from A.M Best. Because of its good reputation and flexible policy options, it is one of the top life insurance companies that we recommend for our clients.
VOYA Life Insurance Company Review
Originally a separate company, Reliastar was established in 1917 and then acquired by ING in 2000. ING is now considered the fourth-largest term life insurance company in the U.S, with over 13 million active customers.
Keep in mind that you can always start comparing rates across different health classes at any time by using our free online quote form. In the meantime, keep reading to learn more about this provider and whether or not it may be the right choice for you.
VOYA Financial Strength and Ratings
VOYA Financial has been rated as an “A” with several of the most popular rating agencies. VOYA is well respected and has a strong financial foundation. You can be rest assured that VOYA Financial will be around for a long time.
Voya ING ReliaStar Life Insurance Company ratings:
- A.M. Best rating: A
- Moody’s rating: A2
- Standard and Poor’s rating: A
- Fitch rating: A
ING VOYA Life Insurance Products
VOYA Financial provides a variety of life insurance types for consumers. Shoppers can start off with an understanding of term vs whole life insurance to see if a permanent or term product is best for them. Term is great for short term coverage while permanent life insurance can cover your entire life.
VOYA offers the following life insurance products:
- Term Life Insurance
- Universal Life Insurance
- Index Universal Life Insurance
- Variable Universal Universal Life Insurance
VOYA / ING Term Life Insurance
This provider actually offers several different types of life insurance policies, but their term life insurance one is called “ING Term Smart”. Term Smart policies come in 10, 15, and 20-year terms, although before the term is up you are able to convert your policy to permanent coverage should you wish to do so. If you do decide to switch it to permanent, the process is fairly simple and you will be able to keep your original health rating without having to get a new medical exam. This is extremely beneficial as you may now have a preexisting condition that could make getting affordable coverage difficult.
VOYA / ING Return of Premium Life Insurance
Another type of life insurance from ING that is worth mentioning is their return of premium term policy. Policyholders of return of premium term life insurance are able to get back all of their premium payments if they live past the end of the policy term. This type of policy is naturally more expensive than regular term life insurance, but for some people it is worth it. Not every insurance provider offers this, so ING is a good option if this is something you are interested in.
VOYA / ING Rate Examples
Like other life insurance companies such as AAA, Protective and Primerica, ING bases their rates on the different health classes that applicants are placed into. The best, lowest, rates are offered to those who qualify for the Preferred Plus Non Tobacco class, with rates gradually increasing with every health class that follows.
To best demonstrate the type of rates offered by ING Reliastar, let’s look at an example based on real life situations. Let’s say Mike is a 40-year-old male seeking a $250,000 policy for a 20-year term.
Depending on his overall health and medical history, Mike is likely to see the following rates:
Preferred Plus Non Tobacco: $21.44 a month
Preferred Non Tobacco: $25.38 a month
Select Non Tobacco: $31.06 a month
Standard Non Smoker: $37.63 a month
VOYA / ING Life Insurance Quotes
Compare rates instantly using our free quoter on this page. You can also visit our free life insurance calculator page for the best life insurance quotes. You’ll be able to run quotes base on your age, gender, and health rating to see which company provides the best rate for your specific situation.
ING VOYA Life Insurance Company Details
Name(s): ING U.S. Life Companies; ReliaStar Life Insurance Company; ReliaStar Life Insurance Company of New York; Security Life of Denver Insurance Company; VOYA Insurance and Annuity Corporation; VOYA Retirement Insurance and Annuity Corporation; Midwestern United Life Insurance Company
230 Park Avenue
New York, NY 10169
Ratings: A.M. Best (A), Fitch (A), Moody’s (A2), Standard & Poor’s (A)
VOYA / ING Reliastar Reviews
According to the Better Business Bureau review page of ING, the company holds an “A” rating. Even better is the fact that the BBB page also shows zero complaints over the last 3 years. Obviously this does not mean that nobody has complained (with the sheer number of customers ING has, it would be unreasonable to think there are no complaints at all!), but if it were a less reliable insurance provider customer dissatisfaction would likely be a lot more visible.
Is VOYA / ING the Right Company for Me?
By now you may be asking yourself this question, and the truth is that ING Reliastar is the right provider for many people, but it is not for everyone. People have different needs and have different health histories, and so there is no “one size fits all” life insurance policy.
For example, ING is an excellent provider if you have high cholesterol, since they have very flexible guidelines, another insurance company may be right for you, based on your specific situation. What about life insurance choices? You need to consider all the options that you aren’t even aware of. Options such as no medical exam life insurance, riders, or coverage with various life insurance payout amounts.
It is always wise to compare different companies and products before deciding who you want to apply for coverage with, and you can actually find reviews of other providers right here on our blog.
VOYA / ING Reliastar Life Insurance Review
If you would like to speak more about ING and/or finding the best life insurance companies in the USA for your specific situation, please feel free to call us at 888-411-1329. You can also start comparing quotes right now by using the instant life insurance quote form right below.