Life insurance can help protect families, homes, children's educations and help settle expenses in the event of a customer's death.
- Protect the family: Life insurance helps replace income when a family needs it most.
- Protect the home: For most families, their home is the largest asset. Life insurance can enable the family to remain in the home, pay the mortgage and avoid the trauma of relocation.
- Protect the children's education: Covering the soaring cost of education becomes even more difficult when there is a loss of income. Life insurance helps secure children's futures.
- Settle expenses: Life insurance can also help cover financial expenses, such as medical bills and funeral costs, as well as unplanned expenses and unforeseen financial crises.
Voya™ TermSmart and Voya TermSmart*NY:
A competitive level term product, 10-15-20 year level premium guarantees renewable to age 951, four No Tobacco underwriting classes, convertible to a cash value policy without evidence of insurability2, can prepay3 up to 10 years.
1 All guarantees are based on the financial strength and claims paying ability of the issuing insurance company, who is solely responsible for all obligations under its policies.
2 Certain restrictions and/or limitations may apply; refer to Voya Term Conversion Rules.
3 Prepay option is not available in all states. Prepayment deposits are held in a separate fund earning a guaranteed rate of interest. All interest earnings are income taxable to the policy owner.