1. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 1 Premium Financing Leveraging Assets for Wealth Transfer Planning

2. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 2 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. Each taxpayer should seek advice from his or her tax and legal advisors regarding their individual situation.  All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company, who is solely responsible for all obligations under its policies.  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 matter 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). 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.  There are risks involved with premium financing that you should consider. Loan interest rates may rise and may force you to liquidate assets to pay such rates, or be at risk of loan default. Similarly, the lender may require additional collateral if the value of posted collateral falls and/or if policy crediting rates drop. Finally, if you have failed to repay at loan maturity, perhaps because a planned exit strategy failed, the loan would default. If the loan defaults, the lender may foreclose on collateral, including the policy, and negatively affect your credit rating.

3. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 3  Are you planning to leave the full value of your estate as an inheritance to your children or grandchildren? A Question

4. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 4  Are you planning to leave the full value of your estate as an inheritance to your children or grandchildren?  For many people, the answer is: “It Depends!” A Question

5. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 5  Many things are uncertain: Growth of assets Taxes and expenses for estate Ability to create liquidity at death  How much will be left to pass on? “It Depends!”

6. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 6  You’ve successfully accumulated enough wealth for financial independence.  Your success in business and investing may create even greater wealth before you die.  As your wealth grows, the potential cost of transferring that wealth to your heirs also grows.

7. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 7  You want to pass on your extra wealth to your children and grandchildren without reducing the value of their inheritance to pay taxes.  But not at the expense of reducing your ability to continue investing and growing your wealth.

8. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 8 Is there a way to potentially preserve the inheritance for your children without putting your own financial security at risk?

9. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 9 Is there a way to potentially leverage the value of your business or investments without giving up all control?

10. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 10 Yes! Premium Financing could help you meet both objectives.

11. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 11 A Leveraging Tool to potentially:  Identify a Source of Funding for Large Policies  Provide Estate Liquidity for High Net Worth Clients  Reduce Gift Taxes Introducing Premium Financing

12. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 12  Premium Financing, simply stated, is borrowing money from a bank to pay premiums on a large life insurance policy designed to provide liquidity at death and preserve assets for your heirs.  Premium Financing is a strategy that uses a life insurance policy to potentially create or increase the amount of money you can pass on to your children and grandchildren.  Premium Financing can help you create funds to pass on to younger family members without giving up all control of your assets and can reduce annual gifting. What Is Premium Financing?

13. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 13  Life insurance can be an effective tool to transfer assets to younger family members for two reasons: Why Use Life Insurance?

14. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 14  Life insurance can be an efficient way to transfer assets to younger family members for two important reasons:  Reason #1–Potential For Growth  Policy death benefits generally exceed the total premiums paid.  The difference between the death benefit that is available at the insured’s death to be paid to the beneficiaries and the premiums paid represents additional assets. Why Use Life Insurance?

15. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 15  Life insurance can be an efficient way to transfer assets to younger family members for two important reasons:  Reason #1–Potential For Growth  Policy death benefits usually exceed the total premiums paid.  The difference between total premiums and death benefits represents additional assets that are paid to policy beneficiaries.  Reason #2–Tax Benefits  Life insurance death benefits are generally income tax free.  Policy death benefits can also be structured to avoid estate taxes. Why Use Life Insurance?

16. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 16  Premium Financing has five steps: How Does the Strategy Work?

17. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 17  Premium Financing has five steps: 1.Create an ILIT. How Does the Strategy Work?

18. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 18  Premium Financing has five steps: 1.Create an ILIT. 2.Apply for a loan from a Premium Financing Lender.  The ILIT trustee will pledge the life insurance policy and possibly other collateral for the loan.  Depending on the lender, the amount of the loan, and your financial status, other collateral may be required from you (e.g. a letter of credit, personal guarantee and/or other assets such as securities). How Does the Strategy Work?

19. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 19  Premium Financing has five steps: 1.Create an ILIT. 2.Apply for a loan from a Premium Financing Lender. 3.The Trustee of your ILIT uses the loan proceeds to purchase a life insurance policy insuring your life by:  Paying premiums from borrowed funds  Managing policy cash values as needed How Does the Strategy Work?

20. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 20  Premium Financing has five steps: 1.Create an ILIT. 2.Apply for a loan from a Premium Financing Lender. 3.The Trustee of your ILIT uses the loan proceeds to purchase a life insurance policy insuring your life. 4.Each year, depending on the arrangement, the Trustee either pays interest on the loan or the interest is accrued and added to the balance of the loan. How Does the Strategy Work?

21. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 21  Premium Financing has five steps: 1.Create an ILIT. 2.Apply for a loan from a Premium Financing Lender. 3.The Trustee of your ILIT uses the loan proceeds to purchase a life insurance policy insuring your life. 4.Each year, depending on the arrangement, the Trustee either pays interest on the loan or the interest is accrued and added to the balance of the loan. 5.At your death, the ILIT uses part of the policy proceeds to repay the remaining loan balance; all remaining proceeds go to the ILIT. How Does the Strategy Work?

22. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 22  Policy premiums can grow into larger and generally income tax free death benefits.  The ILIT can be structured to protect policy death benefits from estate taxes.  You generally retain control of your assets (though you may have to pledge some assets as collateral); you do not have to liquidate assets to pay insurance premiums.  You may be able to avoid taxable gifts. If there are enough trust beneficiaries, you can potentially qualify an amount equal to the interest payments as annual exclusion gifts. Potential Premium Financing Advantages

23. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 23  Interest Rate Risk–interest rates fluctuate over time; if interest rates become too high:  Additional collateral required  Possibility of default and surrender of the policy  Reduction of net death benefit to ILIT beneficiary  Collateral Requirements  A personal guarantee and/or the pledge of additional assets  Letter of Credit may be required  Arrangement Fees  Fees required to process loan  Fees cannot be financed  May require gift to ILIT Some of the Premium Financing Disadvantages

24. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 24  David & Dorothy are both 50 years old and Preferred non-smokers.  They have an estate worth $20 million.  Need $5 million Death Benefit for Estate Liquidity.  They have a limited number of heirs to whom they wish to gift. Premium Financing in Action: David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

25. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 25  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”). David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

26. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 26  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”).  Working with a bank, the ILIT Trustee arranges to borrow $392,628 to finance the first two premiums. David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

27. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 27 2  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”).  Working with a bank, the ILIT Trustee arranges to borrow $392,628 to finance the first two premiums.  The ILIT purchases a second-to-die policy with an initial death benefit of $5 million and an option 3 death benefit (face + premium). David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

28. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 28  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”).  Working with a bank, the ILIT Trustee arranges to borrow $392,628 to finance the first two premiums.  The ILIT purchases a second-to-die policy with an initial death benefit of $5 million and an option 3 death benefit (face + premium).  The Dawkins make a one time gift to the ILIT of the loan’s arrangement fees. David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

29. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 29  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”).  Working with a bank, the ILIT Trustee arranges to borrow $392,628 to finance the first two premiums.  The ILIT purchases a second-to-die policy with an initial death benefit of $5 million and an option 3 death benefit (face + premium).  The Dawkins make a one time gift to the ILIT of the loan’s arrangement fees.  David & Dorothy will gift to the ILIT an amount equal to the annual interest due on the loan each year. David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

30. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 30  The Dawkins have their attorney draft an irrevocable life insurance trust (“ILIT”).  Working with a bank, the ILIT Trustee arranges to borrow $392,628 to finance the first two premiums.  The ILIT purchases a second-to-die policy with an initial death benefit of $5 million and an option 3 death benefit (face + premium).  The Dawkins make a one time gift to the ILIT of the loan’s arrangement fees.  David & Dorothy will gift to the ILIT an amount equal to the annual interest due on the loan each year.  Upon the second death, the loan balance is paid off and the net death benefit ($5 million or more) is paid out to the Dawkins’ ILIT. David & Dorothy Dawkins* * These hypothetical results are based on current assumptions, are for illustrative purposes only and should not be deemed a representation of past or future results. The results would generally be lower using guaranteed assumptions, including earlier policy lapse and the inability to take any assumed policy loans or partial withdrawals. This example does not represent any specific product nor reflect sales charges or other expenses that may be required.

31. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 31 By using the Premium Financing technique, David & Dorothy Dawkins have potentially been able to accomplish the following: What Have We Accomplished?

32. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 32 By using the Premium Financing technique, David & Dorothy Dawkins have potentially been able to accomplish the following:  Created a large Death Benefit for Estate Liquidity; What Have We Accomplished?

33. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 33 By using the Premium Financing technique, David & Dorothy Dawkins have potentially been able to accomplish the following:  Created a large Death Benefit for Estate Liquidity;  Reduced the on-going tax costs of Annual Gifting; What Have We Accomplished?

34. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 34 By using the Premium Financing technique, David & Dorothy Dawkins have potentially been able to accomplish the following:  Created a large Death Benefit for Estate Liquidity;  Reduced the on-going tax costs of Annual Gifting;  Retained some control (through the ILIT terms) of how policy proceeds will be used after their deaths; What Have We Accomplished?

35. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 35 By using the Premium Financing technique, David & Dorothy Dawkins have potentially been able to accomplish the following:  Created a large Death Benefit for Estate Liquidity;  Reduced the on-going tax costs of Annual Gifting;  Retained some control (through the ILIT terms) of how policy proceeds will be used after their deaths;  Death benefits may be paid to the ILIT both estate-tax and income-tax free. What Have We Accomplished?

36. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0109-14755-0117 36 Your Voya representative can show how this idea might work for you. Ask for a proposal customized to fit your situation.