Reliastar Life Insurance Company

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Reliastar Life Insurance Company is a subsidiary of Voya Financial, a company that provides retirement, investment, and insurance solutions to help Americans plan for their future. With more than 135 years of experience, Reliastar Life Insurance Company is one of the leading providers of life insurance and annuity products in the United States.

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About Reliastar Life Insurance Company

Reliastar Life Insurance Company was founded in 1885 as the Northwestern National Life Insurance Company. In 1999, the company changed its name to ReliaStar Life Insurance Company after it was acquired by ING Group. In 2013, ING Group sold its US-based retirement, investment, and insurance businesses to Voya Financial, and ReliaStar became a subsidiary of Voya Financial.

Today, Reliastar Life Insurance Company offers a range of life insurance and annuity products, including term life insurance, whole life insurance, and universal life insurance. The company also offers annuity products, such as fixed annuities and variable annuities.

Reliastar Life Insurance Products

Reliastar Life Insurance Company offers a variety of life insurance products to meet the needs of its customers. These products include:

Product
Description
Term Life Insurance
Provides coverage for a specific period of time, typically 10, 15, 20, or 30 years.
Whole Life Insurance
Provides coverage for the insured’s entire lifetime and includes a cash value component.
Universal Life Insurance
Provides flexibility in premium payments and death benefit amounts, and includes a cash value component.

In addition to its life insurance products, Reliastar Life Insurance Company also offers annuity products, such as:

Product
Description
Fixed Annuities
Provide a guaranteed interest rate for a specific period of time, typically three to ten years.
Variable Annuities
Allow customers to invest in a variety of investment options and offer the potential for higher returns but also carry more investment risk.

FAQs

What is life insurance?

Life insurance is a contract between an individual and an insurance company that provides a death benefit to the individual’s beneficiaries if the insured dies while the policy is in force. The individual pays premiums to the insurance company in exchange for this coverage.

What is term life insurance?

Term life insurance provides coverage for a specific period of time, typically 10, 15, 20, or 30 years. If the insured dies during the term of the policy, the death benefit is paid to the insured’s beneficiaries. If the insured outlives the policy, the coverage ends.

What is whole life insurance?

Whole life insurance provides coverage for the insured’s entire lifetime and includes a cash value component. The premiums for whole life insurance are usually higher than for term life insurance, but the policy accumulates cash value over time that can be borrowed against or used to pay premiums.

What is universal life insurance?

Universal life insurance provides flexibility in premium payments and death benefit amounts, and includes a cash value component. The policyholder can adjust the premium payments and death benefit amounts as needed, within certain guidelines set by the insurance company. The policy also accumulates cash value over time that can be borrowed against or used to pay premiums.

What is a fixed annuity?

A fixed annuity provides a guaranteed interest rate for a specific period of time, typically three to ten years. The annuity owner pays a lump sum or series of payments to the insurance company, and the insurance company guarantees a fixed rate of return for the specified period of time.

What is a variable annuity?

A variable annuity allows customers to invest in a variety of investment options and offers the potential for higher returns but also carries more investment risk. The annuity owner pays a lump sum or series of payments to the insurance company, and the insurance company invests the money in the investment options chosen by the annuity owner. The return on the investment depends on the performance of the investment options chosen.

Conclusion

Reliastar Life Insurance Company is a leading provider of life insurance and annuity products in the United States. With a range of products to meet the needs of its customers, Reliastar offers flexible and affordable solutions for retirement planning and risk management. Whether you are looking for term life insurance, whole life insurance, or an annuity product, Reliastar has a product that can meet your needs. Contact a Reliastar representative today to learn more about what they have to offer.

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