On April 29, 2019, the Voya Life Companies will launch Voya Universal Life (Voya UL) and Voya Universal Life – New York (Voya UL-NY) – designed specifically to allow your clients to convert a Voya term life policy to extend their death benefit protection and build cash value. Conversions to our current products will not be accepted after April 26.
Important information & next steps
Visit the new Conversions page on Voya for Professionals (Voya Pro) (Link is under Sales & Marketing on the home page) and follow these easy steps:
- Review the Term Conversion Rules.
- View the product guide for the key features of Voya UL and Voya UL-NY.
- Check convertibility of your client’s policy using Inforce Policy Access on Voya Pro.
- Obtain the conversion request and associated forms using Forms Wizard on Voya Pro or Voya Presents.
Fully completed applications signed, dated and received at the Voya home office on or before 04/26/2019 – Can convert to current product options
Fully completed applications signed, dated and received at the Voya home office after 04/26/2019 – Can only convert to Voya Universal Life/ Voya Universal Life – New York