Voya Financial Annuities
Voya Financial is a well-established provider of annuity products, offering a variety of options to help individuals secure their financial future and plan for retirement. Annuities are financial contracts typically offered by insurance companies, designed to provide a stream of income or a lump-sum payment to the annuitant, often during retirement.
Voya offers a diverse range of annuities, including fixed annuities, fixed indexed annuities, and variable annuities. Fixed annuities provide a guaranteed interest rate and predictable income, making them a conservative choice for those seeking financial security. Fixed indexed annuities offer the potential for higher returns linked to the performance of a specific index, such as the S&P 500, while still providing downside protection. Variable annuities allow individuals to invest in a range of underlying investment options, potentially offering higher returns but also carrying more market risk.
Voya's annuities are commonly used as part of retirement planning strategies. Annuities can offer financial security by providing guaranteed income during retirement years, helping individuals manage longevity risk and maintain their standard of living. The company's annuity products are designed to help individuals achieve a more comfortable and financially stable retirement.
Voya typically works with individuals to tailor annuity solutions to their unique financial goals and risk tolerance. Annuities can be customized to include various features, such as death benefits for beneficiaries and options for inflation protection. The flexibility of Voya's annuity offerings allows individuals to select the product that best aligns with their retirement objectives.
As with any financial product, individuals considering annuities should conduct thorough research, understand the terms and features, and, in many cases, seek advice from a financial advisor to ensure the product meets their specific financial needs and retirement planning goals.
About Voya Financial
Voya Financial, formerly known as ING U.S., has a significant history in the financial services industry. The company traces its roots back to the mid-1800s when its predecessor, the ReliaStar Financial Corporation, was founded. Over the years, it went through various mergers, acquisitions, and name changes before becoming Voya Financial.
One of the company's significant milestones was its acquisition by ING Group, a Dutch multinational banking and financial services corporation, in the late 1990s. This move led to the creation of ING U.S., which included a wide range of financial services, including insurance, retirement planning, and investment management.
In 2013, ING U.S. rebranded and became Voya Financial, marking its transition to an independent company with a focus on retirement, investment, and insurance solutions. Since then, Voya Financial has continued to evolve and expand its offerings to help individuals and organizations plan for a secure financial future. Today, Voya is a well-respected provider of retirement, investment, and insurance products, committed to helping people achieve financial well-being and prepare for their retirement years.