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This type of immediate annuity pays the annuitant for a designated number of years (i.e., a period certain) and is used to fund a need that will end when the period is up (for example, it might be used to fund the premiums for a term life insurance policy). Thus the person may outlive the number of years the annuity will pay. Life annuity
Transamerica Occidental merged into Transamerica Life Insurance Company on October 1, 2008. In 2018, Transamerica entered a 10 year, $2 billion agreement with Tata Consultancy Services, an Indian technology company, to digitize their policies under a single platform. However, this project was abandoned in 2023. Products and services
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US$11.3 billion (2020) Number of employees. 7,200 (2022) Website. voya .com. Footnotes / references. [1] Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent ...