Voya Life Insurance Review (2026)
![Voya IUL Review [Many Choices & Products To Pick]](/images/wp-content/uploads/2019/04/Voya-IUL-How-To-Pick-Them.png)
2026 verdict: Voya Financial completed the sale of substantially all of its individual life insurance business, and its legacy non-retirement annuity business, to Resolution Life US on January 4, 2021. Voya’s announcement and its Form 8-K of January 8, 2021 both say that. Security Life of Denver Insurance Company was part of what Resolution Life US acquired. ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York stayed inside Voya.
As of A.M. Best’s April 15, 2026 affirmation, those two ReliaStar companies have a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a+” (Excellent), with a stable outlook. Voya’s investor ratings page, as of December 31, 2025, shows the same A.M. Best letter and a stable outlook for both.
The older version of this URL listed four individual indexed universal life product names, a $50,000 minimum death benefit, 2017 revenue, a customer count, an asset total, and a set of S&P and Moody’s outlooks. Those claims are withdrawn. They were not re-verified for 2026, and they describe a retail life business Voya sold in 2021.
Get a whole life quote if you need a current permanent illustration from a carrier that is still issuing one. This page is not a Voya IUL application.
What is still true as of October 17, 2026
| Item | Sourced fact | As of |
|---|---|---|
| Individual life sale | Substantially all individual life and legacy non-retirement annuities moved to Resolution Life US. Security Life of Denver was sold. ReliaStar Life (Minneapolis), ReliaStar Life of New York, and Voya Retirement Insurance and Annuity Company remained Voya subsidiaries. In-scope individual life was reinsured to Security Life of Denver. | Voya news release and SEC Form 8-K filed January 8, 2021, describing the January 4, 2021 closing |
| A.M. Best on the current ReliaStar companies | FSR A (Excellent), Long-Term ICR “a+” (Excellent), stable, for ReliaStar Life Insurance Company (Minneapolis) and ReliaStar Life Insurance Company of New York (Woodbury) | A.M. Best, April 15, 2026, and Voya’s investor ratings page as of December 31, 2025 |
| What A.M. Best said about new individual life | Voya has exited the individual life and annuity segments. The exit, including sales of in-force life and annuity blocks, leaves a less diversified profile and more reinsurance dependence. | A.M. Best, April 15, 2026. The BestWire rewrite of that release agrees. A second primary source for the 2021 exit is the 8-K above. |
| Other agency letters | Voya’s December 31, 2025 ratings table also lists S&P, Moody’s, and Fitch marks for ReliaStar. Those letters are not repeated here. A second agency document was not used, so only the A.M. Best letter is stated. | Voya investor ratings page, as of December 31, 2025 |
| Coverage Voya still describes | Voluntary benefits include whole life, term, critical illness, accident, and hospital indemnity, mostly employee-paid through payroll deduction, plus servicing of universal life. Group life is basic and supplemental term and AD&D for employers. | Voya Form 10-K for the year ended December 31, 2025, and the Form 10-K for the year ended December 31, 2024. Both describe that lineup. |
| History, from the same filings | Through ING, the U.S. life business dates to acquisitions beginning in 1975. Voya became a public company in May 2013. ING finished selling its Voya shares between 2013 and 2015. | Both 10-Ks |
No current retail IUL name, minimum face amount, cap rate, or participation rate is listed. The four product names that used to appear here are omitted so they are not mistaken for a 2026 shelf.
Who it fits
People who already hold a Voya, ING U.S., or ReliaStar life contract and need the 2026 rating plus the name of the 2021 buyer. Before a loan, surrender, or claim, confirm whether ReliaStar or Resolution Life administers that contract. The 8-K describes reinsurance of in-scope blocks to Security Life of Denver. It does not say every older contract moved the same way.
Skip it when you want a new indexed universal life policy. Read the Securian IUL review, the Penn Mutual IUL review, and whole life versus IUL. Cash-value whole life comparisons start at top whole life companies for cash value.
Pros
- ReliaStar’s A (Excellent) rating was affirmed April 15, 2026, and Voya’s own year-end 2025 table showed the same letter.
- The January 4, 2021 sale is documented by the company and by the 8-K, so an in-force contract has a paper trail. Reinsurance is not the same thing as a cancelled policy.
- Workplace whole life and term are still described in the 2024 and 2025 10-Ks. That is a different product from retail IUL.
Cons
- A retail Voya IUL menu is not something this review can source for 2026. A.M. Best says the individual life segment was exited.
- The statistics and product names that sat on this URL for years failed a 2026 check and were removed.
- Service quality, customer counts, and 2017 revenue are not restated. They had one stale page behind them.
Is Voya still an indexed universal life company?
Voya’s parent completed the sale of substantially all individual life on January 4, 2021, and A.M. Best’s April 15, 2026 rating commentary still describes that exit. ReliaStar remains a Voya insurer and is rated A (Excellent), stable, as of that date. A new retail IUL purchase belongs with a carrier that is still issuing the product. An older Voya or ReliaStar contract is a contract: identify the current administrator before you act on it.
Who issues a Voya life insurance policy?
For the individual life business sold in 2021, Resolution Life US acquired Security Life of Denver, and the 8-K says in-scope individual life of ReliaStar and Voya Retirement Insurance and Annuity Company was reinsured to Security Life of Denver. ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York remained Voya subsidiaries. Workplace whole life and term, as described in the 2025 10-K, are a separate, payroll-deduction lineup. The certificate names the issuer. This review does not guess which one is on a given policy.
Bottom line
Use this page to retire the old Voya IUL shopping list. The sourced 2026 facts are the 2021 sale, ReliaStar’s A rating as of April 15, 2026, and the workplace products in the 10-K. For a new cash-value policy, get a whole life quote.
Sources
Checked October 17, 2026.
- Voya completes the individual life sale, January 4, 2021: voya.com news
- SEC Form 8-K filed January 8, 2021: sec.gov
- A.M. Best affirms ReliaStar at A / “a+”, stable, and describes the individual-life exit, April 15, 2026: news.ambest.com, ref. 37210
- Voya financial ratings as of December 31, 2025: investors.voya.com
- Voya Form 10-K for the year ended December 31, 2025: sec.gov, voya-20251231
- Voya Form 10-K for the year ended December 31, 2024: sec.gov, voya-20241231
![Securian IUL Review [2025 Products and Features]](/images/wp-content/uploads/2019/04/Securian-IUL-Review.jpg)
![Penn Mutual IUL Review [Strong Product With Great Growth]](/images/wp-content/uploads/2019/03/Penn-Mutual-Whole-Life-Insurance-Review.jpg)
