Voya Life Insurance: Easy Mail Access, Why?

Voya offers a range of life insurance options, including Group Term Insurance with an Accelerated Death Benefit Rider for Terminal Illness or Long Term Care, which provides two layers of protection. The company also offers permanent life insurance with an accelerated benefit for long-term care, as well as accidental death benefit coverage, level term to age 65 benefit, and spouse and child coverage options. Voya's life insurance plans are simple and flexible, allowing employees to continue coverage after leaving their employer. The application process can be completed by mail, with confirmation sent via post, and the company provides a dedicated customer service line for Group Life Insurance customers.

Voya life insurance offers an accidental death benefit of up to $150,000

Voya offers a range of life insurance options, including accidental death and dismemberment (AD&D) insurance. This insurance provides an additional benefit of up to $150,000 if the insured dies as a result of a covered accident. This benefit is available to eligible employees and spouses aged 15 through 60 years, and coverage terminates on the policy anniversary following the age of 65.

The AD&D insurance also provides benefits for the accidental loss of hands, feet, eyesight, speech, or hearing. It is important to note that this is not a health insurance plan but a limited benefit policy that pays benefits for specific covered events.

Voya's life insurance plans are simple and flexible, with customizable options. Employees can continue their coverage even after separating from their employer by paying premiums directly to the insurance company. The company also offers permanent life insurance with an accelerated benefit for long-term care, providing two layers of protection.

Voya's life insurance solutions allow employers to create comprehensive benefits packages, including bereavement support and will preparation services. Employees can also benefit from online or paper-based systems, whichever they prefer. The company provides a dedicated team to assist employers with implementation and marketing materials to increase enrollment.

Voya's life insurance plans offer financial security and peace of mind, ensuring that beneficiaries are taken care of in the event of an accident or death. The company's range of options and flexibility make it a viable choice for those seeking life insurance through the mail.

Voya's permanent life insurance includes an accelerated benefit for long-term care

Voya Financial, Inc. is a leading health, wealth, and investment company with approximately 9,000 employees. The company is committed to offering innovative solutions and capabilities to help employers and their employees optimize their workplace benefits and savings needs.

In January 2025, Voya launched a new permanent life insurance offering through the workplace. Lifetime Life Insurance is a group term permanent life insurance that includes an accelerated benefit for long-term care (LTC). This insurance provides enrolled employees with two layers of protection designed to last a lifetime: a life benefit and an accelerated benefit for qualified LTC services.

Lifetime Life Insurance is 100% employee-paid coverage, with premiums that never increase and coverage that employees can take wherever they go. Employers benefit from streamlined billing, enrollment, and reliable service. Employees can also benefit from an accelerated benefit, which helps minimize the financial impact of an illness or qualified long-term care services.

Voya's Lifetime Life Insurance also offers additional support services, including bereavement support services, caregiving concierge services, and estate planning. These services help families prepare for the future and navigate the challenges associated with loss.

Voya's life insurance solutions are simple and flexible, and coverage doesn't have to end when employment does. Employees can continue coverage after separating from their employer and pay premiums directly to the insurance company.

Voya life insurance is available for spouses and children

Voya offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance. Their term life insurance provides a benefit of 50% or 100% of the base policy amount until age 65, while their whole life insurance offers permanent coverage. Voya's universal life insurance provides flexibility in how premiums and death benefits are paid and allows for potential cash value growth.

In addition to their standard life insurance products, Voya also offers accelerated death benefit riders, which provide access to the death benefit in the event of a terminal illness or the need for long-term care. Their Group Term Insurance includes this rider, offering two layers of protection. Employees can also add value to their benefits packages with services such as an Employee Assistance Program (EAP) and bereavement support.

Voya life insurance is available through the mail as it is a convenient and efficient way to apply for and receive confirmation of coverage. Once an application has been submitted, it typically takes 7-10 business days to be received by mail, and a confirmation letter is sent by mail as well. This option allows individuals to access the coverage they need without the need for in-person meetings or lengthy wait times.

Voya life insurance offers a waiver of premium benefit for eligible employees under 56

Voya offers a wide range of benefits to its customers, including life insurance. One of the key advantages of choosing Voya life insurance is the waiver of premium benefit (WOP) for eligible employees under 56. This means that if the insured becomes totally disabled, they will not be required to pay the monthly premiums for the base policy and any additional benefits after four consecutive months of total disability. This can be a significant financial relief for individuals and families during difficult times.

Voya's life insurance plans also offer flexibility and portability. Employees can continue their coverage even after leaving their employer, ensuring that they and their families are protected up to and through retirement, as long as premium payments are made. This feature is particularly valuable in today's dynamic job market, where individuals may change employers frequently.

In addition to the WOP benefit, Voya life insurance provides several other advantages. The company offers guaranteed premiums, meaning the cost of coverage remains level throughout the policy, providing long-term financial predictability for its customers. Voya also provides accidental death benefits (ADB) of up to $150,000 for eligible employees and spouses aged 15 to 60. This benefit ensures that beneficiaries receive an additional payout if the insured dies due to a covered accident.

Furthermore, Voya's life insurance includes an accelerated death benefit rider (ADBR). This feature allows the insured to access a portion of their death benefit while still living if they are diagnosed with a terminal illness or require qualified care for an injury or sickness. This benefit can provide essential financial support during critical illnesses and help cover the costs of long-term care. Voya also offers a long-term care benefit (LTC) that provides accelerated payment of the death benefit if the insured requires assistance with daily living.

Voya's life insurance solutions cater to a range of customers, including employees, spouses, and children. The company provides customizable plans with value-added options, ensuring that individuals can select the coverage that best meets their unique needs and priorities. Overall, Voya life insurance offers a comprehensive package of benefits, including the waiver of premium benefit for eligible employees under 56, making it a competitive choice in the market.

Voya offers a long-term accelerated benefit rider for terminal illness or long-term care

Voya offers a range of life insurance options, including a long-term accelerated benefit rider for terminal illness or long-term care. This rider provides two layers of protection and is available as part of the Group Term Insurance plan.

The Accelerated Death Benefit Rider (ADBR) allows the insured to access their death benefit if they are diagnosed with a terminal illness or require qualified care for a sickness or injury. This means that if you are diagnosed with a terminal illness, you can receive the benefit while you are still alive. The Long-Term Care Benefit (LTC) component of the rider allows the insured to receive accelerated payment of their death benefit if they are receiving qualified care to assist with daily living. This could include care for a chronic illness, which is defined as a condition that can be treated but not cured and can impact an individual's health, safety, and ability to perform activities of daily living.

The minimum policy face amount required to elect this rider is $12,500, and the premiums for the long-term accelerated benefit rider may not be fixed, increasing over the life of the policy. It is important to note that receipt of the accelerated benefit may be taxable and could affect eligibility for Medicaid or other government benefits. Therefore, individuals should consult a tax advisor to understand the full impact of this benefit.

Voya's life insurance plans are simple and flexible, with customizable options and the ability for employees to continue coverage after separating from their employer. Employers can create a comprehensive benefits package with Voya's life insurance solutions, offering financial wellness and protection for their employees.

In addition to the long-term accelerated benefit rider, Voya offers other features such as spouse coverage, child coverage, accidental death benefit, waiver of premium benefit, and more.

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