We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Voya Financial Adds New Series of Fixed Indexed Annuities to its Broad Suite of Retirement Solutions

    June 14, 2016 by Voya

    MONDAY, JUNE 13, 2016

    WINDSOR, Conn., June 13, 2016 /PRNewswire/ — Voya Financial, Inc. (NYSE: VOYA) announced today it has expanded its suite of fixed index annuity products by introducing a new family of solutions aimed at helping individuals grow and protect their savings — while generating guaranteed retirement income. The new Voya Quest series of annuities includes the Voya Quest 5 Index Annuity, Voya Quest 7 Index Annuity and Voya Quest Plus Index Annuity. These products are issued by Voya Insurance and Annuity Company, a member of Voya Financial family of companies.

    “Historically low interest rates and unpredictable market swings make navigating the retirement landscape more challenging than ever. Americans need to have a sound strategy for their future income needs,” said Carolyn Johnson, president of Annuities at Voya Financial. “Voya’s Quest family of annuities can give individuals the confidence of knowing their hard-earned savings will keep growing and be there when they need it most — especially as they cope with living longer in retirement and manage rising health care expenses.”

    The Voya Quest series of annuities allows individuals to grow their assets based on potential earnings linked to the performance of an index or benchmark, specifically the S&P 500® Index1. Gains are locked in annually through multiple interest-crediting strategies — including both capped and spread strategies — allowing individuals to diversify and maximize their tax-deferred accumulation. A floor offers protection against negative index performance, ensuring an individual will never lose the value of their original premium payment or credited gains when the market declines. If the selected index goes up, an individual’s contract value could increase up to a predetermined maximum amount.

    The Voya Quest series of annuities provides individuals the flexibility to select from a five-, seven- or 10-year contract surrender schedule. Each product provides individuals with the protection and growth potential that are inherent features of a fixed indexed annuity. Those who select the Voya Quest Plus Index Annuity will receive an added 6% premium bonus at the start of the annuity contract2.

    Introducing the Voya myIncome Withdrawal Benefit

    A Guaranteed Living Withdrawal Benefit (GLWB) is another key feature of the new suite of products, which can be purchased for an additional cost at the time of the annuity contract. This GLWB, known as the Voya myIncome Withdrawal Benefit, is designed to help individuals generate a steady stream of lifetime income in retirement. Specifically, individuals receive a guaranteed 6.5% compounding roll-up rate applied annually to their withdrawal benefit base for up to 10 years. Plus, the income stream can be turned on and off as needed. Individuals can also make annual withdrawals up to 10% without activating the benefit. This enables the income benefit base to continue growing, while providing the flexibility to access the funds.

    “The Voya myIncome Withdrawal Benefit is designed to give Americans peace of mind so they can grow, protect and enjoy their retirement savings, which we fondly refer to as Orange Money,” said Johnson. “For example, a contract holder has the freedom to add their spouse to the benefit — protecting their family’s long-term financial security by providing a guaranteed stream of income for life.”

    The Voya Quest series of annuities complements Voya’s wide array of annuity product solutions. As an industry leader and advocate for greater retirement readiness, Voya Financial is committed to delivering on its vision to be America’s Retirement Company™ and its mission to make a secure financial future possible — one person, one family, one institution at a time. 

    Media Contact:
    Bill Sutton

    Voya Financial
    Office:  (860) 580-2626
    Cell:  (315) 373-9685
    William.Sutton@voya.com                                 

    About Voya Financial®
    Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2015. The company had $458 billion in total assets under management and administration as of March 31, 2016. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company™. The company is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible — Voya has been recognized as one of the 2016 World’s Most Ethical Companies® by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebookand Twitter @Voya.

    1) The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Voya Insurance and Annuity Company (VIAC). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by VIAC. VIAC’s Voya Quest series of annuities is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.

    2) Products offering a bonus may offer lower credited interest rates, participation rates, index caps, monthly caps, and/or higher index spreads than products not offering a bonus.

    Annuities are issued by Voya Insurance and Annuity Company, (Des Moines, IA), member of the Voya® family of companies. All guarantees are based upon the financial strength and claims-paying ability of Voya Insurance and Annuity Company, which is solely responsible for all obligations under its contracts. Contract Form Series VI-IA-3147(2015) with Contract Schedule VI-IA-3147(2015) (5SC) VI-IA-3147(2015) (7SC) VI-IA-3148(2015) (10SC). Rider Form Series: VI-RA-3162(2016) & VI-RA-3163(2016)

    SOURCE Voya Financial, Inc.

    Originally Posted at Voya on June 13, 2016 by Voya.

    Categories: Industry Articles
    currency