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Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0927-12769-1015 A private retirement option This presentation.

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Presentation on theme: "Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0927-12769-1015 A private retirement option This presentation."— Presentation transcript:

1 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN A private retirement option This presentation contains information regarding insurance products for sale. Retirement Extra™ using Life Insurance

2 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important Disclosures  Retirement Extra™ Using Life Insurance is, first and foremost, a concept. It is not a product or contract.  These materials are not intended to and cannot be used to avoid tax penalties and they were prepared to support the promotion or marketing of the matters addressed in this document. Each taxpayer should seek advice from an independent tax advisor.  The Voya™ Life Companies and their agents and representatives do not give tax or legal advice. This information is general in nature and not comprehensive; the applicable laws change frequently and the strategies suggested may not be suitable for everyone. Each taxpayer should seek advice from his or her tax and legal advisors regarding their individual situation.

3 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important Disclosures  Voya IUL-Global Choice, policy form series # /12 has an equity Indexed feature, varies by state and may not be available in every state. It is issued by Security Life of Denver Insurance Company (Denver, CO), a member of the Voya™ family of companies. Not available in New York. The Index Cap and Index Participation Rate are subject to change for new Index Blocks. All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company who is solely responsible for the obligations under its own policies.  Voya Indexed Universal Life – Global Choice (Voya IUL-Global Choice) IS A FLEXIBLE PREMIUM ADJUSTABLE UNIVERSAL LIFE INSURANCE POLICY THAT OFFERS A DEATH BENEFIT TO THE BENEFICIARIES OF THE POLICY AND MAY BE PURCHASED TO MEET YOUR LIFE INSURANCE NEEDS. WHILE THE POLICY SURRENDER VALUES MAY BE DETERMINED BY REFERENCE TO AN INDEX-LINKED CREDITING STRATEGY, SUCH SURRENDER VALUES SUPPORT THE DEATH BENEFIT OFFERED UNDER THE POLICY. THIS POLICY IS NOT A VARIABLE CONTRACT OR AN INVESTMENT CONTRACT.  A portion of the policy’s surrender value may be available as a source of supplemental retirement income through policy loans and withdrawals. Income tax free policy distributions may be achieved by policy loans or withdrawing to the cost basis (usually premiums paid). This assumes the policy qualifies as life insurance, is not a modified endowment contract and is not lapsed or surrendered with an outstanding loan. Policy loans and withdrawals may reduce or eliminate index credits, generate an income tax liability, reduce available surrender value and reduce the death benefit, or cause the policy to lapse. Additionally, loans may limit the ability to make elections to the Indexed Strategy; if a loan results in amounts being deducted from a block prior to its block maturity date, no elections from the Fixed Strategy to the Indexed Strategy will be processed in the 18 months following the loan. Select Loans have the risk that policy performance may be lower than projected if the amount credited to the account value in the Fixed Strategy and/or Indexed Strategy is less than the fixed 6% interest charged on the policy loan. Detailed additional information about policy loans is located in the policy form and any personal policy illustration.

4 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important Disclosures  S&P 500® Index – The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Security Life of Denver Insurance Company (“Security Life”). Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Security Life. This indexed universal life insurance policy (this “Policy”) is not sponsored, endorsed, sold or promoted by SPDJI, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Policy or any member of the public regarding the advisability of paying premiums for the Policy or purchasing securities or the ability of the S&P 500 Index to track general market performance. S&P Dow Jones Indices’ only relationship to Security Life with respect to the S&P 500 Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Security Life or the Policy. S&P Dow Jones Indices have no obligation to take the needs of Security Life or the owners of the Policy into consideration in determining, composing or calculating the S&P 500 Index. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Policy or the timing of the issuance or sale of the Policy or in the determination or calculation of the equation by which the Policy is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration or marketing of the Policy. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.  S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY SECURITY LIFE, OWNERS OF THE POLICY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND SECURITY LIFE, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

5 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important Disclosures  Hang Seng Index– An index of the largest and most liquid stocks listed on the Stock Exchange of Hong Kong. It does not reflect dividends payable on the underlying stocks. The Hang Seng Index (the "Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to a license from Hang Seng Data Services Limited. The mark and name "Hang Seng Index” are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by Security Life of Denver Insurance Company (“Security Life”) in connection with this indexed universal life insurance policy (the "Policy”), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE POLICY OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BY SECURITY LIFE IN CONNECTION WITH THE POLICY; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE POLICY OR ANY OTHER PERSON DEALING WITH THE POLICY AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED IN CONNECTION WITH THE POLICY IN ANY MANNER WHATSOEVER BY ANY BROKER, HOLDER OR OTHER PERSON DEALING WITH THE POLICY. Any broker, holder or other person dealing with the Policy does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.

6 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important Disclosures  EURO STOXX 50® Index – An index of blue-chip stocks that are represented by 50 stocks covering the largest sector leaders in the EURO STOXX 50® index. It does not reflect dividends payable on the underlying stocks. The EURO STOXX 50® index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The Voya Indexed Universal Life – Global Choice insurance policy is based, in part, on the Index and is in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

7 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement doesn’t happen by accident  It takes a well-conceived plan, and  It takes the discipline to follow through

8 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN In your planning, consider two possibilities: 1.You may be retired for a long time –Will you have long-term financial security? 2.You may die before retiring –Will your spouse and family be financially secure?

9 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Increasing life expectancy People are living longer  As life expectancies increase, the number of years in retirement increases, meaning an increase in the amount needed for retirement saving.

10 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Sources of retirement income  Many people have three general sources of income when they retire: –Social Security –Employer-Sponsored Retirement Plans –Personal Assets / Savings

11 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Social Security How much of your income will Social Security replace? The amount you will receive depends on factors outside your control.

12 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Employer-sponsored retirement plans  Pension  Profit Sharing  401(k)  403(b)  SEP  Simple

13 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Personal assets  IRAs  Roth IRAs  Cash Value Life Insurance  Annuities  Mutual Funds  Other Investments

14 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN If you’re self-employed… You may have some special considerations:  Larger Social Security tax burden  Qualified plans can be more expensive because contributions must be made for other employees

15 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN If you’re highly compensated… You may have fewer options:  Higher income tax burden  Caps on qualified plan contributions may limit your options

16 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Potential for increasing tax rates  There is increasing concern that income tax rates will go up in the future  If income tax rates go up, net spendable amount goes down Year$50,000$200, %94% %79% %87% %71% %68% %31% %33% %33% Historical Marginal Tax Rates Income Tax Rates Change Over Time 90% 70% 50% 30% 10% ’15 ‘25 ’35 ‘45 ‘55 ‘65 ’75 ’85 ‘95 ‘05 ‘10 Maximum Rates have gone up and down Source: Federal Individual Income Tax Rates History, Tax Foundation, 2010 The Chart traces the highest federal personal income tax rates from 1913 to today. The amount of income subject to these varying rates has also changed. In , a rate of 70% applied to taxable income over $200,000 equal to approximately $1,043,000 in current dollars.

17 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Premature death can devastate your financial plans  If your income stopped because of your death, what would be the impact on your family?  Life insurance coverage on you may provide a “safety net.”

18 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Meeting the retirement income challenge Will you have saved enough to enjoy your retirement?

19 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Hypothetical example  Assumptions used: –Your Present Age = 55 –You Want to Retire at Age 65 (in 10 years) –You Want $60,000 annually in Today’s Dollars to Live On At Retirement –You Feel Inflation Will Average 4% For The Rest Of Your Life

20 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement income needed % Inflation $88,704

21 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement income needed $88, % Inflation $194,361

22 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Will Social Security or government benefits make up this growing shortfall? Hypothetical retirement income

23 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Some potential options:  Work Longer – Retire Later  Keep Working – Don’t Retire  Save More in: –Employer-Sponsored Retirement Plans –Personal Assets / Savings  Explore other potential options such as life insurance

24 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Some potential options: Life Insurance Why Life Insurance?  Income Tax Free Death Benefit  Tax Deferred growth  Tax Free income  Flexible Contributions  No IRS Distribution Requirements or Penalties  Complete Control of the Policy  Will not affect Social Security

25 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Life Insurance and income tax 1.Income Tax-Free Death Benefits: –Life insurance death proceeds are generally not subject to income taxes (IRC Section 101) –Life insurance death benefits can be part of the insured’s taxable estate at death (whether any estate taxes are actually due on these death benefits depends on a number of factors; consult your tax advisor for further details)

26 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Life Insurance and income tax 1.Income Tax-Free Death Benefits 2.Potential for Income Tax-Deferred Growth: –No income taxes are generally due on cash values that accumulate in the life insurance policy

27 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Life Insurance and income tax 1.Income Tax-Free Death Benefits 2.Potential for Income Tax-Deferred Growth 3.No Income Tax on Return of Premiums: –Cash values up to tax basis (total premiums paid) can be withdrawn from the policy free of income taxes; return of principal invested on an after-tax basis is generally not taxable in any investment –Policy withdrawals will reduce the cash value and may reduce death benefits

28 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Life Insurance and income tax 1.Income Tax-Free Death Benefits 2.Potential for Income Tax-Deferred Growth 3.No Income Tax on Return of Premiums 4.Income Tax-Free Loans of Policy Cash Values: –Cash values exceeding the tax basis may be borrowed from the policy free of income taxes as long as the policy remains in force; if the policy lapses or is surrendered before the insured’s death, the loan proceeds may become taxable –Policy loans and withdrawals may reduce death benefits –The policy must qualify as life insurance and must not be a Modified Endowment Contract (MEC)

29 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Life Insurance offers other potential benefits  Unlimited and Flexible Premiums (subject to IRC Sections 7702 and 7702A)  No Distribution Requirements or Penalties  You Control the Policy  Should not affect Social Security Benefits

30 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra using Life Insurance A strategy in which a life insurance policy is purchased to potentially provide both:  Death benefit protection for your family and  Supplemental assets for retirement Note: You must meet the insurer’s medical and other underwriting criteria to utilize this strategy.

31 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Retirement Extra using Life Insurance works - Step #1

32 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Retirement Extra using Life Insurance works - Step #2

33 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Retirement Extra using Life Insurance works - Step #3 *Policy loans/partial withdrawals may have tax implications and may cause the policy to lapse. Income tax free policy distributions may be achieved by policy loans or withdrawing to the cost basis (usually premiums paid). This assumes the policy qualifies as life insurance, is not a modified endowment contract and is not lapsed or surrendered with an outstanding loan. Policy loans and withdrawals may reduce the policy’s death benefit and available net surrender value. In addition, in the case with an Indexed Universal Life policy, they may reduce or eliminate index credits and may limit your ability to make elections to the Indexed Strategy.

34 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Retirement Extra using Life Insurance works - Step #4

35 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Retirement Extra using Life Insurance works - Step #5

36 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra using Life Insurance Why use Voya Indexed Universal Life-Global Choice (Voya IUL-Global Choice) in the Retirement Extra Using Life Insurance Strategy?

37 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Introducing Voya IUL-Global Choice Voya IUL-Global Choice is an individual indexed universal life insurance policy offering valuable death benefit protection supported by policy cash values calculated under a Fixed Strategy or Indexed Strategies. The three Indexed Strategies are the S&P Year Point to Point Indexed Strategy, the 2-year Global Indexed Strategy and the 5-year Global Indexed Strategy. While the policy values may be affected by external indexes, the policy does not directly participate in any index fund, stock or equity investments, and all policy guarantees are based solely on the financial strength and claims-paying ability of Security Life of Denver Life Insurance Company. The product is not a variable product or any type of investment contract. It is not an investment in the stock market and does not participate in any index fund, stock or equity investment. It is not a variable product or any type of investment contract. You do not buy or participate in an index. The indexes are simply measuring tools that are used determine the amount of the index credit the company will credit to the policy. It is not a policy where cash value is based upon performance of a variable investment option, such as in the case with variable universal life insurance. It is not meant to be used as an investment vehicle. What indexed universal life insurance is NOT

38 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Indexed Strategy Voya IUL-Global Choice offers a strategy which can potentially provide you  Potential to have additional interest credited based, in part, upon Market Index Performance  A Guaranteed Minimum Interest Rate  The Enhancement of International Diversification  The Power of Hindsight

39 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Potential of Market Indexes  The crediting rate for the Indexed Strategy is tied to the changes in various market indexes –A market index is a tool that tracks the performance of a group of pre-defined stocks –Voya IUL-Global Choice gives you the potential to have additional interest credited based, in part, upon market index performance

40 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How the Index Credit is calculated We offer three Indexed Strategies that credit interest based upon a portion of the increases, if any, in an Index or Indexes 1)S&P 500® 1 Year Point to Point Indexed Strategy Current Index Cap: 13.5% (Guaranteed minimum is 3.5%) Current Participation Rate: 100% (Guaranteed minimum is 100%) The S&P 500® 1 Year Point to Point Indexed Strategy measures the increases, if any, in the S&P 500® from the beginning to the end of the 1 year time period to help determine the Index Credit, if any (subject to an Index Cap). There can be as many as 12 Blocks (if the policy owner started one Block in each month of the year) in this strategy. So if the S&P 500® ends up higher than when it originally started one year prior at the beginning of the Block, that Block would earn an Index Credit (subject to an Index Cap).

41 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How the Index Credit is calculated 2)2 Year Global Indexed Strategy Current Index Cap: None (Guaranteed minimum is 100%) Current Participation Rate: 70% (Guaranteed minimum is 20%) 3)5 Year Global Indexed Strategy Current Index Cap: None (Guaranteed minimum is 100%) Current Participation Rate: 90% (Guaranteed minimum is 15%)

42 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How the Index Credit is calculated Both the 2 year and 5 year Global Indexed Strategies use these Indexes:  S&P 500®  EURO STOXX 50®  Hang Seng Index The Global Indexed Strategies are designed to allow you to benefit from the value of hindsight. That’s because at the end of each 2-year or 5-year period, a portion of only the top two Indexes are used in the Index Credit calculation. The Index with the lowest change rate is never used. No guesswork to try and predict the better performing Indexes in the beginning.

43 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Guaranteed Minimum Interest Rate  Electing the Indexed Strategy in Voya IUL-Global Choice gives the opportunity for cash value accumulation through index crediting based, in part, on the performance of three stock market indexes.  Plus, interest will be credited to the policy’s cash value through a Guaranteed Minimum Interest Rate –The Indexed Strategy in Voya IUL-Global Choice offers a guaranteed minimum interest rate of 0%  So even if no index credits are applied, the policy will still credit the rate of 0% per year.

44 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra using Life Insurance with Voya IUL Global-Choice  Hypothetical Example –Male age 55 –Preferred Non-Tobacco risk class –$2,000 monthly premium ($24,000 annual) for 10 years –Option 2 (increasing) death benefit switching to level in year 10 –Guideline Premium Test definition of life insurance test –Hypothetical Index crediting rate of 8% with 100% elected to the two year Global index strategy –Distributions from the policy from age 65 – 95* –Voya IUL-Global Choice using traditional loans: preferred loans available after the 10th year *Policy loans and partial withdrawals may vary by state, reduce available surrender value and death benefit or cause the policy to lapse. Generally, policy loans and partial withdrawals will not be income taxable if there is a withdrawal to the cost basis (usually premiums paid), followed by policy loans (but only if the policy qualifies as life insurance, is not a modified endowment contract and is not lapsed or surrendered).

45 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra using Life Insurance with Voya IUL Global-Choice Voya IUL-Global Choice using Traditional Policy Loans The values illustrated are not guaranteed. They assume that the illustrated non-guaranteed elements of the policy will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown Assumes an 8% crediting rate and current charges. Results are significantly lower using a 0% crediting rate and guaranteed maximum charges and the policy will lapse in year 14. In addition, some of the illustrated policy loans and partial withdrawals will be not be available.

46 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Potentially higher distributions with Select Loans

47 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Select Loans  Select Loans are policy loans in which an amount equal to the loan is added to the policy Loan Amount while also remaining in the Fixed Strategy and/or Indexed Strategy as elected by the policy owner –The interest rate charged on the Loan Amount for a Select Loan is fixed at 6.0% per year, regardless of the index credits earned and/or the credited interest rates. –Allows Executive access to policy values while still enjoying the interest earnings potential offered by Voya IUL-Global Choice. –But: Select Loans have the risk that the amount credited will be less than the interest charged on the policy loan. As a result the policy performance may be lower than projected. Without additional premium or loan interest payments, the policy could lapse.

48 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Select Loans  The net result of having a Select Loan will vary depending on the index credits earned and/or the credited interest rates on the account value –For example, if the account value earns over time an average of 8.0%, the net result of Select loans is a net gain of 3.0% 8.0% earned rate less 6.0% charged rate = 2.0% net gain –On the other hand, if the account value earns over time an average of only 1.0%, the net cost of Select Loans is 5.0% 6.0% charged rate less 1.0% earned rate = net cost of 5.0% Please note that this hypothetical example describes a financial result only and that interest charged on the loan that is not paid in cash is added to the loan amount and, in turn, results in increased loan interest charges.

49 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Voya IUL-Global Choice with Select Loans  Hypothetical Example –Male age 55 –Preferred Non-Tobacco risk class –$2,000 monthly premium ($24,000 annual) for 10 years –Option 2 (increasing) death benefit switching to level in year 10 –Guideline Premium Test definition of life insurance test –Hypothetical Index crediting rate of 8% with 100% elected to the two year index strategy –Distributions from the policy from age 65 – 95* –Voya IUL-Global Choice using Select loans all years *Policy loans and partial withdrawals may vary by state, reduce available surrender value and death benefit or cause the policy to lapse. Generally, policy loans and partial withdrawals will not be income taxable if there is a withdrawal to the cost basis (usually premiums paid), followed by policy loans (but only if the policy qualifies as life insurance, is not a modified endowment contract and is not lapsed or surrendered).

50 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra with Voya IUL-Global Choice with Select Loans Voya IUL-Global Choice using Select Policy Loans The values illustrated are not guaranteed. They assume that the illustrated non-guaranteed elements of the policy will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Assumes an 8% crediting rate and current charges. Results are significantly lower using a 0% crediting rate and guaranteed maximum charges and the policy will lapse in year 14. In addition, some of the illustrated policy loans and partial withdrawals will be not be available.

51 Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Retirement Extra using Life Insurance  You may need to accumulate more funds in order to retire.  You may also want your family to be secure if you die unexpectedly.  It may make sense to accomplish both goals in the same financial tool.


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