Voya Financial Review

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Voya Financial is a financial company based in the United States. The company was founded in 2013 after it was spun off from ING U.S., which was the United States operating subsidiary of ING Group. The company then went on to establish independent financial backing through an initial public offering. Since then, the company has grown into a leader in the industry.

The company specializes in retirement planning, investments, and insurance. It works with both corporate and retail clients to help them secure their assets. Its services include insurance, life insurance, retirement plans, mutual funds, managed accounts, and institutional investment management. However, it is primarily a retirement planning company. If you are looking for a retirement planning company that is a good fit for your needs, then Voya Financial might be the best option for you.

Voya Financial was originally known as Resolution Life Group Holdings and sold individual life insurance products. The company also offers customer service for policy owners and employees through a dedicated customer service line on their website. Their customer service representatives are available Monday through Friday, from 9:00 am to 9:00 pm EST. In addition, they publish a three-step claims process on their website.

Voya Financial offers retirement solutions to individuals and businesses. The company heavily relies on client education to provide customized services. The company operates through two principal lines: employee benefits and retirement services. It serves almost 5.7 million individual retirement plan investors and 50,000 institutional clients. Voya also provides a wide variety of individual and group life insurance products and services. In addition, it covers over 6.2 million individuals through their workplace.

Voya Financial no longer offers individual life insurance policies. In 2019, the company sold the individual life insurance segment to Resolution Life Group Holdings. Individual participants may lose coverage if they leave their employer. Maximum coverage amounts vary by state and employer plan, but are usually around $500,000 or higher. Voya Financial does, however, offer group insurance products for mid-size and large businesses. It offers two types of group life insurance: whole life and term life policies.

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