ING Reliastar Life Insurance Review: ING Reliastar has merged with VOYA, a highly regarded company with an A.M Best rating of “A.” It is one of the top life insurance companies we recommend to our clients because of its reputable brand and flexible policy options.
VOYA Life Insurance Company Review
Reliastar was founded in 1917 as a distinct company before being acquired by ING in 2000. With over 13 million active customers, ING is now the fourth-largest term life insurance business in the United States.
Remember that you can always start comparing costs across different health classes by utilizing our free online quote form at any time. Meanwhile, keep reading to learn more about this service and whether it is a good fit for you.
VOYA’s Financial Stability and Ratings
VOYA Financial has received a “A” rating from some of the most reputable rating agencies. VOYA is well-known and has a solid financial foundation. You can count on VOYA Financial to be there for a long time.
Ratings for Voya ING ReliaStar Life Insurance Company:
- M. Best rank is A
- A2 rank from Moody’s
- A rank from Standard & Poor’s
- Fitch rank is A
ING VOYA Life Insurance Products
VOYA Financial offers a wide range of life insurance products to customers. Shoppers can begin by learning the differences between term and whole life insurance to determine if a permanent or term product is suitable for them. Term life insurance is ideal for short-term coverage, whereas permanent life insurance can protect you for the rest of your life.
Following products offered by ING VOYA:
- Index Universal Life Insurance
- Variable Universal Universal Life Insurance
- Term Life Insurance
- Universal Life Insurance
Term Life Insurance from VOYA/ING
This company offers numerous sorts of life insurance plans, but the term life insurance policy is dubbed “ING Term Smart.” Term Smart insurance are available in 10, 15, and 20-year periods, with the option to switch to permanent coverage before the term expires.
If you wish to make it permanent, the process is rather simple, and you will be able to retain your previous health score without having to undergo a new medical exam. This is particularly advantageous because you may now have a previous condition that makes obtaining affordable coverage harder.
VOYA / ING Return Of Premium Life Insurance
A return of premium term policy from ING is also worth mentioning. Return of premium term life insurance policyholders can recover all of their premium payments back if they live through the policy term. This form of policy is obviously more expensive than ordinary term life insurance, but it is worthwhile for some people. Because hardly every insurance provider provides this, ING is a fantastic choice if this is something you are looking for.
VOYA / ING Rate Examples
ING, like other life insurance firms such as AAA, Protective, and Primerica, based their prices on the various health classifications that applicants are assigned to. Those who qualify for the Preferred Plus Non Tobacco class receive the lowest term life insurance rates, with rates steadily increasing with each health class that follows.
Let’s look at an example based on real-life events to better explain the type of rates offered by ING Reliastar. John Doe, a 40-year-old guy, is looking for a $250,000 insurance with a 20-year term.
Following rates can be choices for the John Doe:
- Select Non Tobacco: $31.06 a month
- Standard Non Smoker: $37.63 a month
- Preferred Non Tobacco: $25.38 a month
- Preferred Plus Non Tobacco: $21.44 a month
Is VOYA / ING the right company for me?
You may be asking yourself this question by now, and the reality is that ING Reliastar is the ideal supplier for many people, but it is not for everyone. People have various demands and health histories, thus there is no “one size fits all” life insurance policy.
For example, ING is a wonderful provider if you have high cholesterol because they have highly flexible standards; however, depending on your unique scenario, another insurance company may be better for you. What about life insurance options? You must consider all choices that you are not even aware of. Options include no medical exam life insurance, riders, and coverage with varying life insurance payment levels.
Before picking who to apply for coverage with, it is usually a good idea to compare other firms and products, and you can discover evaluations of other companies right here on our blog.
ING / VOYA Reliastar Reviews
ING has a “A” rating with the Better Business Bureau, according to its review page. Even better, the BBB website displays zero complaints over the last three years.
Obviously, this does not imply that no one has complained (given the huge amount of clients ING has, it would be ridiculous to believe there are no complaints at all! ), but if it were a less dependable insurance provider, customer unhappiness would be much more evident.
VOYA / ING Reliastar Life Insurance Review
Please contact us if you would like to learn more about ING and/or locate the top life insurance providers in the United States for your individual scenario.
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