As of 12/30/2016, Voya Financial, formerly known as the ING Group and doing life insurance business as ING ReliaStar Life, has indicted they will be suspending sales of their term insurance and return of premium (ROP) term insurance products.
They are also suspending sales of their Voya Indexed Universal Life Guaranteed Death Benefit product.
They will continue to offer cash value life insurance products which will be their primary focus going forward.
Their term and fixed insurance products have not been competitively priced or several years, nor did they have any specific niche where they could make better offers on these products than other insurance companies.
On any cash value life insurance comparisons we have done, we have not found that Voya has been very competitive up until now, but maybe this change in their focus will result in more competitive cash value products.
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