Business ProfileforReliaStar Life Insurance Company

Paid premiums for 45 years with my company ********** through auto deduct from payroll every two weeks for a premium noted by the coverage when I signed up. I received my annual report for period December 1,2022-December ****** stating that my Policy will terminate if minimum premium payment was not received in the amount of $340.28 by May ******. When I called they said that the rates had increased yet they were still deducting the premium amount and invoicing my company for that same amount with NO notice that the rate would be increased for the amount of coverage I had. It took me calling six different times and getting my HR department involved to have them tell me that I needed to request a re-projection for the policy in order for it to retain a value and cover the premium expense.........NO notice until I made this call for this to occur. You would have thought that each year as we age, they would notify us and let us know of the increase and provide options of how we can proceed. Needless to say I am walking away after paying for 45 years with nothing and will never recommend or do business with this company or any Voya company EVER. I have told my HR department of the issue and will address this with the others that hold polices at this time. The absolute worse experience with a policy like this now that it could be exercised. This is criminal behavior and NEVER use this company or you are paying for nothing!