Voya Financial Reviews
Voya Financial Customer Reviews
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AVOID VOYA...............
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.
HUGE fees - policy useless
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.
Request a FULL accounting of all Fees and Costs related to the Policy.
Get a Judge to force them to show you Where your money has gone.
I'm doing it for an Annuity.
This is outright Theft.
It's a retirement vehicle and if you allowed your mother, aunt to take a retirement plan at that age, obviously the money takes several years to replenish itself, but where you both have failed in making your statements is how much money the policy would have started making in the 2nd part of 20 years. It makes huge bounds and leaps and is unbelievable.
If you buy auto insurance for 20 years and fail to pay for a week, you lose your insurance and aren't covered. Same with any other investment vehicle. But you both will be happy paying deferred taxes of 40% and 10% penalty if you take your money early. And the 401(k) is the loser because when you cash out the commissions you paid will have depleted your earnings. We all know the market is bull every six years and crashes, so does your money. The 7702(a) guarantees you no loses in the index market and even if their is a depression, you are guaranteed 3.5%.
Before you clowns pull policies and take advice from brokers, learn what vehicle your loved ones have, they were smart enough to buy in the first place only to have some clowns like you cash it out. Did you pay taxes or get charged 10% penalty? NO! That's enough reason to never get into a 401(k) right there. The Supreme Court ruled that contributors to 401(k) have the right to sue the brokers of their 401(k) because they are gouging them.
Nice try brokers! Those guys weren't real customers because everything they said was wrong! They're trying to save a sinking ship! LOL. The IUL 7702(a) will outperform the 401k and IRA by three to four times with zero taxes or penalties. You can call us for a free comparison and we'll prove how bad the IUL beats up the 401(k)! (702) 986-5827. Victor
Wonderful company if you'r on the board of directors.
Richard Raymond
Very TRUE.
Hold them accountable......
Do Not Deal with This Company
Voya is a scam
Voya rejects claims for the following reasons--the accident policy isn't worth the hassle.
1. Tooth extraction occurred at dentist office as opposed to hospital: the dentist determined extraction was required; unreasonable to leave dentist office to travel to a hospital to get extracted.
2. Physical Therapy occurred 60 days after accident. After surgery, in brace for weeks; Physical Therapy couldn't begin until after the shoulder brace was removed.
3. Required actual surgical notes of surgery. The doctor doesn't provide and all the surgical procedures were detailed in billings.
Even with a terrible year, recovering any benefits in excess of the premiums paid is difficult. Recommend not sign up for this company.