©2014 Voya Services Company. All rights reserved. CN Reward & retain key executives Split Dollar Loans

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Important disclosures  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. You should seek advice from your tax and legal advisors regarding your individual situation.  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.  Life insurance products are issued by ReliaStar Life Insurance Company (Minneapolis, MN), ReliaStar Life Insurance Company of New York (Woodbury, NY) and Security Life of Denver Insurance Company (Denver, CO). Variable universal life insurance products are distributed by Voya America Equities, Inc. Within the state of New York, only ReliaStar Life Insurance Company of New York is admitted and its products issued. All are members of the Voya™ family of companies.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  Variable insurance products are subject to investment risk, are not guaranteed and will fluctuate in value. In addition, there is no guarantee that any variable investment option will meet its stated objective.  Before investing, carefully consider your need for life insurance coverage and the charges and expenses of the variable universal life insurance policy. Also consider the investment objectives, risks, fees, and charges of each underlying variable investment option. This and other information is contained in the prospectuses for the variable universal life insurance policy and the underlying variable investment options. Obtain these prospectuses from your registered representative, by calling , or from Voya.com and read them carefully before investing.  All guarantees are based on the financial strength and claims paying ability of the issuing insurance company, who is solely responsible for all obligations under its policies. Important disclosures

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. Introducing Split Dollar Loans  Supplemental retirement income ¹

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Introducing Split Dollar Loans  Supplemental retirement income ¹  Income tax-free death benefit ²

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Introducing Split Dollar Loans  Supplemental retirement income ¹  Income tax-free death benefit ²  No exposure to Employer’s creditors

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Introducing Split Dollar Loans  Supplemental retirement income ¹  Income tax-free death benefit ²  No exposure to Employer’s creditors  Minimized ERISA obligations

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  Supplemental retirement income ¹  Income tax-free death benefit ²  No exposure to Employer’s creditors  Minimized ERISA obligations  Cost recovery for Employer ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Introducing Split Dollar Loans

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  Executive purchases life insurance policy  Employer pays policy premiums and retains collateral assignment  At a future date, often retirement, Executive reimburses Employer for premiums paid  Any excess policy cash values available to Executive as supplemental retirement income* * A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. Split Dollar Loan Arrangements

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Split Dollar Loans: How it works 1 Employer Split Dollar Agreement Executive

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Split Dollar Loans: How it works Employer Executive Voya Life Companies 1 Split Dollar Agreement

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Split Dollar Loans: How it works Employer Executive Voya Life Companies 2 1 Split Dollar Agreement

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Split Dollar Loans: How it works Employer Executive Voya Life Companies 1 Split Dollar Agreement 24

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Potential advantages  Provides a potential source of supplemental retirement income  Not subject to §409A rules (so long as there is no agreement to bonus premium advances at termination)  Not subject to claims of Employer’s creditors  Tax-preferred retirement benefits*  Flexibility on timing of distributions  Flexibility on allocating funds between retirement income and death benefits  Death benefit not taxable as income**  Not subject to ERISA Potential disadvantages  Interest must be paid by Executive; or, imputed interest may be taxed  Limited cost recovery available to Employer  Using policy values to repay loan could deplete policy * A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ** Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Split Dollar Loans

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Summary  Source of potential supplemental retirement income created for Executive¹  Income tax-free death benefit for Executive’s beneficiaries²  Employer able to use life insurance to recover some or all of the costs of providing the benefit ¹ A portion of the policy’s cash 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 generate an income tax liability, reduce available cash value and reduce the death benefit, or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Thank you!