Can I cash out my Unum life insurance policy?
You can generally withdraw from your Voya 401(k) plan under specific circumstances, typically including reaching age 59½, experiencing a financial hardship, or becoming eligible due to long-term disability. Once you turn 59½, you are often permitted to withdraw from your account balance for any reason, sometimes as frequently as twice a year, depending on your plan's specific rules. If you are younger, withdrawals are more restrictive and may be subject to taxes and early withdrawal penalties unless they meet hardship criteria. Because 401(k) plans are highly regulated and vary by employer, you should log in to your Voya online portal or consult your Summary Plan Description (SPD) to understand the exact withdrawal provisions and rules that apply to your specific plan.
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