September, 23 2017

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ING ReliaStar Life Insurance Review $23.63

ING ReliaStar Life Insurance Review

Author
  • Price
  • Underwriting
  • Financial Rating

ING (Now Voya Financial) ReliaStar Life Insurance ReviewVoya Financial Life Insurance Review 2015

Pros:  ING (Voya Financial) is one of the largest life insurance companies in America and a top five writer of term life.  VOYA also has favorable underwriting niches, such as family history of cancer, where they offer some of the lowest rates in the nation. They will typically have the lowest prices on $200,000 policies.  Also, for seniors over 60, ReliaStar offers very competitive underwriting for diabetics and blood pressure treatment.

Cons: ING no longer offers a 25 & 30-year term life policy. 

Bottom Line:  ING (now Voya Financial-ReliaStar Life Insurance) is a top 5 term life insurance company with an “A” (Excellent) rating by A. M. Best.  Their parent company based in the Netherlands had similar issues that AIG did back in 2008 around the same time.  As a result, they dropped their 25 and 30 year term and also the no-lapse universal life guarantee policy.  However, ING remains one of the largest life companies in America ahead of many well-known insurers.  If you have a policy with ING you’re in good hands.  As with any time you purchase life insurance, it’s advisable to receive multiple quotes to ensure you are receiving the best deal.

 

About

Type: Public

Underwriter: ReliaStar Life Insurance Company

Name Change: As of April 7th 2014, the ING corporate name is now Voya Financial

Founded: 1885 (ReliaStar Life Insurance Company)

Website: ing.us

Phone: (877) 886-5050

Address: 20 Washington Ave S, Minneapolis, MN 55401

A.M Best Rating 2015: A (Excellent) Third highest of 16 possible ratings

Comdex Ranking: 73 out of 100

BBB Rating: A+

Competitors: American General Life, Banner Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, Transamerica, Prudential, Midland, Cincinnati Life, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Sagicor, Amica, ANICO, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, New York Life, Northwestern Mutual, MassMutual, Grange Life Insurance Company, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate.

 

Price Comparison

AgeING ReliaStarBanner LifeAIGMetLife
30$16$14$16$17
40$23$18$23$19
50$45$40$45$45
60$90$81$93$87
70$252$213$328$336

*Sample rates for a $500k policy on a 10-year term at each company’s best health class

 

 

 

To receive a quote from (ING) ReliaStar instantly and to compare their rates to competitors, click on the green button below.

 

What was your experience with ReliaStar Life Insurance (ING)?  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below.

*$23.63 is the monthly rate for $500,000 policy on a 10 year term for a 40 year old male at the best health class.

Summary
Review Date
Reviewed Item
ING ReliaStar Life Insurance Company
Author Rating
5

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