Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Leaving a legacy while retaining some control The Standby Trust:

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN 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 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 companies are members of the Voya family of companies.  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.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN A Question  Are you planning to leave an inheritance to your children or grandchildren?

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

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN “It Depends!”  Many things are uncertain: –How many years you will be retired –Your level of expenses –Your investment returns –The level of inflation  Will there be anything left to pass on?

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  You’ve planned for your retirement  Between your savings, investments, pension and Social Security, you believe you will be financially secure

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  You want to pass on your extra wealth to your children.  But not at the expense of reducing your lifestyle or becoming poor.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Is there a viable way to create an inheritance for your children without putting your own financial security at risk?

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Yes! A Standby Trust could help you meet both objectives.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN  What is a Standby Trust?  A Standby Trust is a strategy that uses a second-to-die life insurance policy to create or increase the amount of money you can pass on to your children and grandchildren.  A Standby Trust uses the credit shelter trust of the policy owning spouse to potentially protect death benefits from estate taxation.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Why Use Life Insurance?  Life insurance can be an efficient way to transfer assets to younger family members for two important reasons:

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Why Use Life Insurance?  Life insurance can be an efficient way to transfer assets to younger family members for two important reasons:  Reason #1 — Potential For Growth –Gross policy death benefits always exceed the total premiums paid –The difference between total premiums and policy death benefits represents additional assets that may be paid to policy beneficiaries

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Why Use Life Insurance?  Life insurance can be an efficient way to transfer assets to younger family members for two important reasons:  Reason #1 — Potential For Growth –Gross policy death benefits always exceed the total premiums paid –The difference between total premiums and policy death benefits represents additional assets that may be paid to policy beneficiaries  Reason #2 — Tax Benefits* –Life insurance death benefits are generally income tax free –Policy death benefits may be structured to avoid estate taxes *Proceeds from an insurance policy are generally income tax free, 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 How Does the Strategy Work? The Standby Trust strategy has five steps: 1.Determine which spouse is most likely to die first. 2.This spouse (the “owner-spouse”) purchases a second-to-die life insurance policy.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Does the Strategy Work? The Standby Trust strategy has five steps: 1.Determine which spouse is most likely to die first. 2.This spouse (the “owner-spouse”) purchases a second-to-die life insurance policy.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Does the Strategy Work? The Standby Trust strategy has five steps: 1.Determine which spouse is most likely to die first. 2.This spouse (the “owner-spouse”) purchases a second-to-die life insurance policy. 3.The owner-spouse names his/her credit shelter trust (the “Standby Trust”) as the policy’s contingent owner.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Does the Strategy Work? The Standby Trust strategy has five steps: 1.Determine which spouse is most likely to die first. 2.This spouse (the “owner-spouse”) purchases a second-to-die life insurance policy. 3.The owner-spouse names his/her credit shelter trust (the “Standby Trust”) as the policy’s contingent owner. 4.At the owner-spouse’s death, the policy is transferred to the Standby Trust (the contingent owner).

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN How Does the Strategy Work? The Standby Trust strategy has five steps: 1.Determine which spouse is most likely to die first. 2.This spouse (the “owner-spouse”) purchases a second-to-die life insurance policy. 3.The owner-spouse names his/her credit shelter trust (the “Standby Trust”) as the policy’s contingent owner. 4.At the owner-spouse’s death, the policy is transferred to the Standby Trust (the contingent owner). 5.At the non-owner spouse’s death, the Standby Trust receives the death benefits.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Some Possible Advantages  Policy premiums can grow into larger income tax free* policy death benefits.  The spouse owning the policy controls it and all its cash values as long as he/she lives.  No gifts are made; privacy is maintained.  Implementation costs may be relatively small.  Policy death benefits may be estate tax free.*  Only cash values in the policy at the first death are estate taxable if policy is properly structured.* *Proceeds from an insurance policy are generally income tax free, 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 Some Possible Disadvantages  The cash value of the policy at the owner spouse’s death is included in his/her taxable estate.  The spouses could die in the wrong order (i.e. the younger/healthier spouse could die first); then the entire policy death benefit (not just the cash values) may be taxed in the owner-spouse’s estate.  The trust may need to continue paying premiums after it becomes the owner of the policy.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN The Standby Trust Strategy In Action Jim and Barbara Thomas*  Jim and Barbara Thomas are both age 70; they have five children, ten grandchildren and a $4 million net worth.  They aren’t sure how much money they will need for the rest of their lives.  They are willing to use some of their money to increase the inheritance they pass on to their children provided they can get some of their money back if they ever need it. * The hypothetical results are for illustrative purposes only and should not be deemed a representation of past or future results. This is not an individualized illustration to be relied on, it does not represent any specific product, nor does it reflect sales charges or other expenses that may be required.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas  Jim’s life expectancy is shorter than Barbara’s.  Jim and Barbara are in both in standard health. Jim purchases a $4,000,000 survivorship life insurance policy that will pay death benefits after both he and Barbara have passed away.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas  Jim’s life expectancy is shorter than Barbara’s.  Jim and Barbara are in both in standard health. Jim purchases a $4,000,000 survivorship life insurance policy that will pay death benefits after both he and Barbara have passed away.  Jim will own the policy and pay the $100,000 annual premium; he names his credit shelter trust (which is part of his will) as the policy’s contingent owner.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas  As the policy owner, Jim will manage the policy to suit his and Barbara’s financial needs for the balance of his life.  At Jim’s death, ownership of the policy will pass to the credit shelter trust that is part of his will. -The trustee will take over as the policy manager -Barbara may be a limited beneficiary of this trust  The policy’s cash value at the time of Jim’s death will be part of his taxable estate.

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas  At Barbara’s death, the insurer will pay the $4,000,000 policy death benefits to the trustee. -This payment will be income tax free* -These benefits may also be estate tax free  The trustee will pay out $4,000,000 according to directions Jim put in the trust. * Proceeds from an insurance policy are generally income tax free, 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 Jim and Barbara Thomas What Jim and Barbara accomplished:  Jim leveraged his premium payments into $4,000,000 of life insurance death benefits

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas What Jim and Barbara accomplished:  Jim leveraged his premium payments into $4,000,000 of life insurance death benefits  Jim maintained total control over the policy as long as he lived -No gifts were made; privacy was maintained -If necessary, he could have ended the arrangement at any time

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Jim and Barbara Thomas What Jim and Barbara accomplished:  Jim leveraged his premium payments into $4,000,000 of life insurance death benefits  Jim maintained total control over the policy as long as he lived -No gifts were made; privacy was maintained -If necessary, he could have ended the arrangement at any time -The $4,000,000 in death benefits were paid income tax free* *Proceeds from an insurance policy are generally income tax free, 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 Jim and Barbara Thomas What Jim and Barbara accomplished:  Jim leveraged his premium payments into $4,000,000 of life insurance death benefits  Jim maintained total control over the policy as long as he lived -No gifts were made; privacy was maintained -If necessary, he could have ended the arrangement at any time -The $4,000,000 in death benefits were paid income tax free* -The $4,000,000 in death benefits were paid estate tax free to Jim’s trust at Barbara’s death *Proceeds from an insurance policy are generally income tax free, 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 The Standby Trust Strategy  The Standby Trust Strategy uses life insurance to provide a flexible way to create an inheritance for younger family members

Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN The Standby Trust Strategy  The Standby Trust Strategy uses life insurance to provide a flexible way to potentially create an inheritance for younger family members  Life Insurance Has Potential For Growth -Gross policy death benefits always exceed the total premiums paid -The difference between total premiums and death benefits represents additional assets that may be paid to policy beneficiaries  Life Insurance Has Potential Tax Benefits* -Life insurance death benefits are generally income tax free -Policy death benefits may be structured to avoid estate taxes *Proceeds from an insurance policy are generally income tax free, 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 The Standby Trust Strategy  The Standby Trust Strategy uses life insurance to provide a flexible way to create an inheritance for younger family members  The Standby Trust Strategy keeps the owner-spouse in control for life; it is a strategy that maintains privacy and does not required any gifting *Proceeds from an insurance policy are generally income tax free, 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 Your Voya representative can show how this idea might work in your situation. Ask for a proposal customized to fit your situation.