Group Term Life Insurance

At Voya™, our Group Term Life Insurance options allow customers to select a certain time period for coverage, which often allows for more protection.

Voya Employee Benefits offers ultimate flexibility like optional dependent coverage, an accelerated benefit for terminal illness and waiver of premium in the event of a total disability. When claimed, the death benefit is conveniently paid out to the beneficiary in an ING Personal Transition Account1 (an interest bearing draw account that works like a checking account), along with other beneficiary support services.

Our association group life plans offer several valuable options, including:

  • Guaranteed issue underwriting
  • Simplified issue underwriting
  • Accidental death and dismemberment benefits
  • Disability waiver of premium
  • Accelerated life benefit

Proceeds of $5,000 or more are generally paid into an ING Personal Transition Account. ING Personal Transition Accounts are not available in all states.