Voya Financial Reviews
About Voya Financial
Voya Financial, found online at Voya.com, is a company that says their goal is to help people of all ages and stages of life set the necessary long term financial goals in order to plan for a successful retirement.
How Does It Work?
Members can deal with their financial professionals directly, or they can use their website to receive a general walk through of how to assess how healthy their finances currently are, in regards to retirement planning, and what steps they may need to take right now to improve their future financial circumstances.
For those who are just starting out, they offer a CompareMe feature as one of their tools, where you can answer a variety of questions that will show you how you stack up when compared to the average person of your own age that is preparing for retirement as well.
Voya Financial also provides a variety of calculators that can help you walk through other financial decisions, like home budgets, saving for college, and comparing different retirement savings plans.
There is no standard or all encompassing pricing guide published on their website at this time; customers who are interested in specific pricing information before they work with Voya Financial should contact their Customer Service team.
Financial institutions such as these don't provide general or overarching Refund Policies. However, if you encounter circumstances or fees that you believe justify a refund of some kind, you should contact them as soon as possible.
Customer Service Contact Info
Customers who would like to speak to their Customer Service team about their questions, concerns, or complaints can do so by phone at 855-887-6858 or by submitting to their website through their Contact Us link.
Voya Financial is actually the new name and branding of well known financial company, ING, which is a well regarded and well respected company within the United States' financial community.
Competitors and Alternatives?
There are many other companies out there that claim to help people with their retirement planning and other types of asset management, including Aberdeen Asset Management, Manulife Retirement, Vanguard, and many more.
If you have experience with this company or their products, please leave your Voya Financial reviews below.
11 ‘Voya Financial’ Reviews
mom passed 3 years ago. no way I can get the $6000.00 she had left with them without spending more on atty fee's to gather the proper papers they want.
Working with financial advisor to roll over several 401k plans. All have gone off without a hitch - except Voya. Two times they failed to process a faxed spouse agreement for the rollover. No direct line to call processors. Third time we faxed and overnighted document. Sent letter back they couldn’t process due to address difference between faxed doc and their system. Call revealed they made mistake keying in address, not us. Told us to send request a 4th time as they corrected system address over phone. Couldn’t answer why they wouldn’t process form but sent two huge checks with the bad address in system!!
Bottom line: NEVER USE THEM! My financial advisor who does this for a living says they are THE WORST she has ever worked with. Incompetent, broken processes, inability to directly talk with other corporate divisions, force customer to resubmit CORRECT PAPERWORK OVER AND OVER DUE TO THEIR OWN INCOMPETENCE. No desire to proactively address these issues.
I am a business owner with a 401k plan and I will NEVER use them, and will advise every other business owner to avoid.
These guys are clowns and obviously brokers who are trying to save a sinking ship. If the stories they were telling had any truth to them, they would have told you if they did cash out, they wouldn't have had to pay 10% penalty like the 401(k) and there were no deferred taxes due-about 40% of your money due if you have a 401(k) or IRA. Yeah buddy go put your money that's left over in a IRA and wait another 20 years to lose in the market and pay 40% taxes, and not be protected from lawsuits, and how about when you lose and want to cash out, even though you will lose 40K, that's considered taxable income, you will have your social security benefits reduced.
I am POA for my elderly mother. She paid for supplemental hospital insurance coverage since 1987. After I helped her move to assisted living, I took over managing her bills. I found a bill for her policy and called to pay the premium. I was 8 days past the grace period, so the policy was cancelled--no exceptions. The company never her sent her information about her policy or how to file a claim. They also did not send the information when I requested it. WORTHLESS. Mom did not know that she could have filed a claim in the past, so all the premiums that she paid for 30 years gained her nothing because of the shady business practices of these leeches.
I'm POA for a Annuity contract purchased by my In-Laws 8 years ago.
The investments were not suitable for a 73 year old couple and they have LOST 40% of their life savings by Trusting these Clowns. We are asking for a FULL Accounting for the Entire History to verify where the Money has gone to. AVOID these people because the FEES and HIDDEN Costs will leave you Penniless. Now at 83 years old the promised returns have Evaporated. Why provide a Prospectus to a customer if your Money doesn't go to that Fund, cal you say Fraud? Why can you not track the performance of your Funds thru Morningstar?
Can you deal with "Smoke and Mirrors"?
Put your Money in a Cookie Jar, then You can STEAL form Yourself.
Almost twenty years ago my mother was advised (poorly)
to start ING "select life" policies on her children, myself included.
When she died, we were told about the policies, I looked into mine
and was shocked to see that she had paid more than the policy
was worth as a "cash surrender". I thought - well, I'll give it time and let it build some value. STUPID ME. Eight years later, the policy is worth even less than it was before! Eaten up by huge fees.
I am filling out the forms today to cash out before it is all gone.
Going to stick it in an IRA with Vanguard. Voya is horrible, I regret not cashing it out years ago.
On July 13, 2005 I bought 1000 shares of Voya at 20.17 total cost of $20,251. On February 9th 2015 I sold them for 8.15 for a loss of $12,227.68