1. Voya Lifetime Income Annuity
A single premium deferred fixed annuity with
an index linked minimum guaranteed withdrawal benefit
Issued by Voya® Insurance and Annuity Company
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2. Important notes
Annuities are issued by Voya Insurance and Annuity Company (Des Moines, IA), member of the Voya® family of companies.
All guarantees are based upon the financial strength and claims-paying ability of the issuing company, which is solely responsible for all obligations under its contracts. This is a summary only. Read the contract for complete details. The product and its features may not be available in all states and are subject to change.
Voya Lifetime Income is a single premium deferred fixed annuity. It provides a minimum guaranteed contract value and includes an index linked minimum guaranteed withdrawal benefit.
All withdrawals reduce the death benefit and may reduce the value of any optional benefits. Early withdrawals and other distributions of taxable amounts may be subject to ordinary income tax, a surrender charge, and if taken prior to 59 1/2, an IRS 10% premature distribution penalty tax unless an exception applies. Federal law requires that withdrawals be taken first from interest credited. A withdrawal includes any partial surrender. All distributions from qualified annuities may be taxable. State premium taxes may reduce the final value of your annuity.
IRAs and other qualified plans already provide tax deferral like that provided by an annuity. Additional features and benefits such as contract guarantees, death benefits and the ability to receive a lifetime income are contained within the annuity for a cost. Please be sure the features and costs of the annuity are right for your client when recommending the purchase of the annuity. Neither the company nor its agents or representatives can provide tax, legal or accounting advice.

3. Important notes
The contract does not directly participate in any stock or equity products. The index cap is declared in advance and fixed for the life of the contract. Annuity income is defined as a series of periodic payments, a part of which may be return of your premium or principal, which is guaranteed by the issuing insurance company for a specified period of time or for the life of the annuitant. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Voya Insurance and Annuity Company (VIAC). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by VIAC. Contract Form Series: IU-IA-3119; IU-RA-3120; IU-RA-3121; IU-RA-3122; IU-RA-3123

4. Voya Lifetime Income
We’ve designed an annuity that helps you create an income stream that lasts for your lifetime or the lifetime of you and your spouse.
The concept is straightforward:
Put your money in and Voya Lifetime Income provides you with a guaranteed stream of income, when you need it.
Until you begin taking your guaranteed income, it has the potential to grow based on guaranteed increases and index-linked growth.
All guarantees are based on the claims-paying ability of the issuing company.

5. Voya Lifetime Income Voya Lifetime Income is:
A single premium deferred fixed annuity with an indexed minimum guaranteed withdrawal benefit.
Designed to help you create guaranteed retirement income that lasts for life.
Available for one life or the life of two spouses.
All increases related to the guarantees and any Index linked credits increase your benefit value and do not increase your account value.
Turn some of that savings into lifetime income that you can count on with Voya Lifetime Income.

6. Voya Lifetime Income
An annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you. Annuity income payments, a part of which may be return of your premium or principal, are guaranteed by the issuing insurance company for a specified period of time or for the life of the annuitants.

7. The longer you wait, the more you can take.
Start taking lifetime income when it counts for you.
You can take your first lifetime income withdrawal at any time* and withdrawals will continue for your life or both lives if there are joint owners.
*You must begin income no later than age 90.
Early withdrawals and other distributions of taxable amounts may be subject to ordinary income tax, a surrender charge, and if taken prior to age 59 ½, will be subject to an IRS 10% premature distribution penalty tax unless an exception applies.

8. Start Lifetime Income when it counts for you.
Once you begin taking lifetime income withdrawals, that amount is locked in for your lifetime. However, deferring income longer can help increase the amount you lock in.
Hypothetical illustration
$9,675
This graph reflects the annual Income Withdrawal Amount if Income Withdrawals started in a given year. The Income Withdrawal amounts are based on the information on the Input Summary below. The blue bar represents the minimum Income Withdrawal if there are no index increases. The orange bar represents the Income Withdrawal based on the historical performance of the S&P 500® and, when applicable, an index cap of 6%each year. The historical index period reflected is from 3/31/1979to 3/31/1994. The index cap is declared in advance and fixed for the life of the contract.
$6,450
$4,300
Input summary: Premium $100,000, client age 55

9. Make it count for your family.
Optional death protection
Determined similar to your income benefit value:
Increases similar to income benefit value.
Withdrawals taken prior to your first lifetime income withdrawal will reduce the death benefit.
Once income withdrawals begin:
There are no more increases to the death benefit.
Death benefit will be reduced by the same percentage that the withdrawal represents of your contract value.
Once you reach age 90, the optional death benefit will terminate. The cost is a reduction in your income withdrawal percentage.

10. Contact us
We all have our own unique circumstances, our own expectations. But the one thing we all have in common is the need for income that will support us for our lifetime.
Contact your financial professional for more information.