Life changes. Your universal life insurance coverage can change too. Along with protecting your loved ones after you’re gone, you may build up money in your policy, called cash value, to prepare for long-range goals or pay for unexpected expenses. 

Key Features

  • Financial protection for your family upon your death
  • Protection designed to last your entire lifetime
  • Adjustable premium payments and death benefits – to meet your changing needs and budget 
  • Tax-deferred cash value growth – means you don’t pay income taxes on it while it accumulates 
  • Access to your policy’s cash value using income tax-free loans and withdrawals
  • Death benefit paid to beneficiaries free of federal income taxes
  • Coverage may follow you if you leave your employer 
  • Visit the Claims Center to start a claim, upload a claim form, download a claim form or find a claim contact.

Suitable For

  • Individuals looking for financial and estate planning tools
  • Individuals looking for a death benefit in addition to a living benefit


Eligibility Limits
  • Available through your employer
  • Must meet employer’s eligibility requirements 
  • Optional spouse, domestic partner or dependent children coverage1 


  • Premiums are conveniently deducted from your paycheck

Additional Details

1This varies by state and the life insurance plan offered by your employer. 

Additional Resources

This information is a brief description of coverage.  The policy and riders should be read carefully for exact terms and conditions, exclusions and limitations.  Policy Form # RL-UL3-POL-07.  Policy form numbers, product availability and benefit provisions may vary by state.

ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York and their agents and representatives do not give tax or legal advice. This information is general in nature and not comprehensive. These materials are not intended to and cannot be used to avoid tax penalties and were prepared to support the promotion or marketing of the matters addressed in this document.  You should seek advice from your tax and legal advisors regarding your individual situation. 

Voya® Employee Benefits insurance products and services in the U.S. are provided by ReliaStar Life Insurance Company (Home and Administration Office: Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Home Office: Woodbury, NY. Administration Office: Minneapolis, MN). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the Voya® family of companies.