Your priorities. Their future. Voya Indexed Universal Life Protector Issued by Security Life of Denver Insurance Company Voya Indexed Universal Life Protector NY Issued by Reliastar Life Insurance Company of New York
Assuring a secure tomorrow for you and your loved ones today. Voya Indexed Universal Life Protector (Voya IUL Protector) and Voya Indexed Universal Life Protector NY (Voya IUL Protector NY) have the potential to grow cash value, protect loved ones with a death benefit and allow you to enjoy your working and retirement years knowing that you have supplemental income or cash value that can be used in the future. Grow: Cash value in your policy Protect: Loved ones with a death benefit Enjoy: Supplemental income or cash value in the future You have the choice With indexed universal life (IUL) you have the option for cash value accumulation through index crediting rather than using the interest rate based on the insurance company s portfolio rate. ā ā The fixed strategy credits a fixed rate of interest as declared by the insurance company. An indexed strategy has crediting potential based on a calculation using a portion of the increases, if any, in a stock market index. Key features Valuable death benefit protection One simple indexed strategy Guaranteed minimum interest rate Alternate Guaranteed Account Value provides 2% policy guarantee upon surrender or death 2
Cash value accumulation potential Cash value is the potential growth component of the policy. Part of the premium you pay is used to provide death benefits and the remainder is available to potentially grow in an account on a tax-deferred basis. As an additional benefit, you have the option to borrow from the net surrender value through a loan or withdrawal and use it in the future for any purpose you wish including: Supplement your retirement income. Pay for your children s education. Continue your current insurance protection, subject to certain limitations, if you need or want to stop paying premiums. When you borrow money, you re using the policy s cash value as collateral and the borrowing rates tend to be relatively low. And unlike loans from most financial institutions, the loan is not dependent on credit checks or other restrictions. 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 your ability to make elections to the indexed strategy. If a traditional 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 12 months following the loan. Income tax free distributions are achieved by withdrawing to the cost basis (usually premiums paid), then using policy loans. This assumes the policy qualifies as life insurance, is not a modified endowment contract, and does not lapse with an outstanding loan. Individual tax results may vary. You should consult your attorney or other tax advisor. 3
Crediting strategies Fixed strategy Guaranteed minimum interest rate: 2% per year At each policy anniversary the rate may vary based on the current credited interest.¹ All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company or Reliastar Life Insurance Company of New York, who is solely responsible for all obligations under their policies. Indexed strategies Guaranteed minimum interest rate: 0% per year We offer a simple indexed strategy that credits interest based upon a portion of the increases, if any, in the index. S&P 500 1 Year Point to Point Indexed Strategy Credits based on 500 of the largest companies in the United States. Subject to current index cap (guaranteed minimum is 3.5%) Current participation rate: 100% (guaranteed minimum is 100%) 1 The credited rate will be set according to company practice based on the performance of the insurance company s general account. 4
Understanding how your premiums are applied 1. You make a premium payment. 2. The net premium (minus the premium expense charge) is added to the fixed account first. 3. Elections to the index account are made on the election date. 4. Index credits, if any, based on the performance of the underlying index are credited to your index account, subject to an index cap and participation rate. 5. Charges are deducted monthly, first from the fixed account, then the index account. Additionally, you can access the net surrender value of your account by taking a loan or a partial surrender*. 6. The death benefit is available for your beneficiaries at the time of your death. 4 Index credits 1 Premiums 2 Fixed account 3 Index account Account value 6 Death benefit Premium charge 5 Charges, loans or partial surrenders Reduce risk with automatic elections Automatically spreading allocations into an indexed strategy can help reduce the risk of allocating at the wrong time by spreading out account values over multiple indexed strategy blocks. *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. Some terms to know: Death benefit: The portion of a life insurance policy that is paid to the beneficiary when the insured passes away. Fixed account: The interest credited under the fixed strategy is held in the fixed account. Index: A statistical composite that measures changes in financial markets, such as the S&P 500. Indexed account: Index credits under the indexed strategy are held in the indexed account. Index credit: An index credit is calculated and added to a block (a portion of the value of the indexed strategy) at the close of business on the block maturity date only. Index cap: The limit on the index change rate and the weighted index change rate (as applicable for the indexed strategies available under the policy) that is used in calculating the index credit. The index cap that is in effect on the block start date will not change for that block. Index crediting period: Time period over which the index is being measured. Participation rate: Percentage of the index change rate or weighted index change rate that is recognized in the calculation of the index credit. The participation rate that is in effect on the block start date will not change for that block. 5
Riders Accelerated Benefit Rider You get this added protection that could pay you an accelerated portion of the eligible death benefit if you are diagnosed with a qualifying terminal or catastrophic illness. Adjustable Term Insurance Rider Ability to plan for future growth by scheduling an increase to insurance coverage by adding a term insurance death benefit. Additional Insured Rider Provides term coverage on the additionally insured spouse or children of the base insured. Chronic Illness Rider Provides access to your death benefit to help pay expenses if you become chronically ill. Overloan Lapse Protection Rider Helps protect heavily loaned policies from lapsing. Premium Deposit Fund Rider Provides an interest bearing fund from which amounts are automatically deducted to pay premiums when they're due. Waiver of Cost of Insurance Rider Waives monthly COI and expense charges if diagnosed with total disability. Waiver of Specified Premium Rider Credits a specified premium monthly to policy if diagnosed with total disability. About Voya Financial Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $484 billion in assets under management and administration in 2016. With a clear mission to make a secure financial future possible one person, one family, one institution at a time Voya s vision is to be America s Retirement Company. Voya Life Companies It begins with a simple promise We promise to be here when you need us. Thank you for protecting your financial future through the Voya family of life insurance companies. We trace our roots back to 1885, and we promise to be here when you need us. It is a promise we work hard to meet every day. And behind that promise stands an organization of thousands of people all working hard in your best interest. Developing the financial products you rely on and soundly investing the premiums you pay. Moreover, when you choose to purchase life insurance from us you put your faith in one of the world s largest and strongest financial entities. 6
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VOYA INDEXED UNIVERSAL LIFE-PROTECTOR (VOYA IUL-PROTECTOR) AND VOYA INDEXED UNIVERSAL LIFE-PROTECTOR NY (VOYA IUL-PROTECTOR NY) ARE FLEXIBLE PREMIUM ADJUSTABLE UNIVERSAL LIFE INSURANCE POLICIES THAT OFFER A DEATH BENEFIT TO THE BENEFICIARIES OF THE POLICY AND MAY BE PURCHASED TO MEET YOUR LIFE INSURANCE NEEDS. WHILE THE POLICY CASH VALUES MAY BE DETERMINED BY REFERENCE TO AN INDEX-LINKED CREDITING STRATEGY, SUCH CASH VALUES SUPPORT THE DEATH BENEFIT OFFERED UNDER THE POLICY. THESE POLICIES ARE NOT VARIABLE CONTRACTS OR INVESTMENT CONTRACTS. The Voya Life Companies and their agents do not give tax, legal, accounting or lending advice. This information is general in nature and you should seek advice from your tax and legal advisors regarding your individual situation. Voya IUL-Protector, policy form series #1189-07/13 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 which is solely responsible for the obligations under its own policies. Voya IUL-Protector NY, policy form series #3007-07/13 has an equity indexed feature and is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the Voya family of companies. Only 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 ReliaStar Life Insurance Company of New York who is solely responsible for the obligations under its own policies. 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 and ReliaStar Life Insurance Company of New York. 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 of Denver Insurance Company and ReliaStar Life Insurance Company of New York. These indexed universal life insurance policies collectively, (the Policy ) are 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 of Denver Insurance Company and ReliaStar Life Insurance Company of New York 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 of Denver Insurance Company and ReliaStar Life Insurance Company of New York or the Policy. S&P Dow Jones Indices have no obligation to take the needs of Security Life of Denver Insurance Company and ReliaStar Life Insurance Company of New York 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 OF DENVER INSURANCE COMPANY AND RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK OR THE POLICIES 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 OF DENVER INSURANCE COMPANY AND RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK OR THE POLICIES OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. Not FDIC/NCUA Insured Not A Deposit Of A Bank Not Bank Guaranteed May Lose Value Not Insured By Any Federal Government Agency Additional features and benefits may be available for this product. 2017 Voya Services Company. All rights reserved. CN0405-33258-0519 167408 05/01/2017