October 31, 2018

Voya to end individual life insurance sales

Photo | Contributed
Photo | Contributed
Windsor's Voya Financial.

Voya Financial Inc., which has a major Windsor presence, said it will end sales of its individual life insurance at year-end.

The global insurer made the announcement Tuesday in its third-quarter earnings report.

Rodney O. Martin Jr., Voya's CEO and chairman, said the move comes after a strategic review. Earlier this year, Voya sold nearly all of its individual annuities business.

Martin said the review has steered the company to focus on its retirement, investment management and employee benefits businesses.

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Should taxpayers stake a plan to convert Hartford Regional Market into a higher-profile tourist attraction?<>
Most Popular on Facebook
Copyright 2017 New England Business Media