Adjustable Term Insurance

Estate | Business | Family
Growth
Plan now for your client’s future growth with the
Adjustable Term Insurance Rider (ATR).
Guarantee lower premiums for future death benefits
Client:
r. Alex Bigner, business owner age 55,
M
Preferred No Tobacco
Initial Need: $2 million insurance coverage
Annual Premium
Option 1 $5 million level death benefit
$113,241
OR
Challenge:
r. Bigner’s business is growing at a rate
M
of 10% per year.
Solution:
Key person insurance on Mr. Bigner using
Voya VUL-CV with ATR scheduled increases.
The death benefit can:
1)Provide the funds to pay off
business debts.
2)Replace lost profits if he dies.
3)Provide the funds needed to recruit,
hire and train a suitable replacement.
Options at
age 66:
Options at Issue
a)Under current assumption, $5 million
policy will carry to maturity.
Option 2 ATR scheduled increases
$95,891
= $17,350 savings each year
$173,500
premium
savings
with ATR
scheduled
increases
over
10 years!
b)If increased death benefit is no longer
needed, can reduce and get income of
$120,774 annually from ages 66-75.
Underwriting Guidelines
Blending allowed at issue?
No
Can ATR increases be added after issue?
Yes – Unscheduled increases must be the same class/rating as the base policy when issued.
Are scheduled decreases allowed?
Yes
Are unscheduled decreases allowed?
Yes – But will void future scheduled changes.
Underwriting required?
Yes – A t issue for highest future death benefit and for unscheduled increases.
A cover letter outlining the case design and reason for ATR is required.
Allowed on rated lives (substandard or flat extras)?
No
Maximum total increase in ATR death benefit.
Four times target death benefit at issue, not to exceed $20 million.
Example
$5 million Voya VUL-CV policy
$20 million max total scheduled increases
($5 million x 4)
Max future policy DB:
$ 5 million orig. Voya VUL-CV stated DB
+ $20 million Total ATR increases
$25 million Max future target DB
For agent/registered representative use only. Not for public distribution.
continued on back>>
Underwriting Guidelines
Maximum issue age for ATR.
Same as base policy.
Maximum age for scheduled increase.
90 (Guaranteed Issue 75)
Mandatory scheduled increase frequency (if any). (A decrease at any time
does not give an extension to this rule.)
If increases are scheduled to occur, they must be within five years of
either the rider effective date or the most recent previous increase, if any.
Minimum incremental increase allowed.
2% of initial target death benefit.
Minimum unscheduled increase.
$1,000
Maximum incremental increase allowed.
Lesser of two times amount of the most recent previous increase or 25%
of the initial target death benefit.
Example
$1 million Voya VUL-CV policy
$250,000 max first increase
($1 million target DB x 25%)
Commission on increases?
No
Conversion privilege?
No
Are limits affected by the addition of a new segment of stated death benefit?
No – Limits based on the initial target death benefit only.
* Eligible Products
Universal Life
Voya Indexed Universal Life-Global (Voya IUL-Global)
Voya Indexed Universal Life-Global Choice (Voya IUL-Global Choice)
Voya Indexed Universal Life-Protector (Voya IUL-Protector)
Voya Indexed Universal Life-Protector NY (Voya IUL-Protector NY)
Voya Strategic Accumulator Survivorship Universal Life (Voya SASUL)
Voya Universal Life-CV (Voya UL-CV)
Voya Universal Life-CV NY (Voya UL-CV NY)

Variable Universal Life
Voya Corporate Variable Universal Life (Voya CVUL)
Voya Survivorship Variable Universal Life–CV (Voya SVUL-CV)
Voya Variable Universal Life–CV (Voya VUL-CV)
Voya Variable Universal Life–DB (Voya VUL-DB)
For assistance in your next case, call your Voya™ Life Companies’ representative or call 866-466-7355.
Log in to Voya for Professionals at voyaprofessionals.com.
Before investing, your clients should carefully consider their need for life insurance coverage and the charges and expenses
of the variable universal life insurance policy. They should 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. Clients may obtain these prospectuses from
you, by calling 877-253-5050, or from Voya.com and should read them carefully before investing.
Voya IUL-Global [policy form series 1180], Voya IUL-Global Choice [policy form series 1186-09/12], Voya SASUL [policy form series 1173], Voya IUL-Protector [policy form series 1189-07/13], and
Voya UL-CV [policy form series 1177]. are issued by Security Life of Denver Insurance Company, (Denver, CO) a member of the Voya family of companies.
Voya Corporate VUL [policy form series #2516 (VUL)-09/07], Voya SVUL-CV [policy form series 2519 (JTVUL)-12/08], Voya VUL-CV [policy form series 2517 (VUL)-03/08], and Voya VULDB [policy form series 2521 (VUL)-10/10] are issued by Security Life of Denver Insurance Company and distributed by
Voya America Equities, Inc. Both are members of the Voya™ family of companies.
Voya UL-CV NY (policy form series #3001-09/09) and Voya IUL-Protector NY (policy form series #3007-07/13) are not available outside of New York and are issued by ReliaStar Life
Insurance Company of New York (Woodbury, NY), a member of the Voya™ family of companies. Within the state of New York, only ReliaStar Life Insurance Company of New York is
admitted and its products issued. All policies may vary by state and may not be available in all states.
Registered and/or variable insurance products are offered by prospectus only. To solicit registered and/or variable insurance products you must be appointed with the issuing
insurance company and be a registered representative of a broker-dealer that has a current selling agreement with the issuing company; variable insurance products may also require
you to obtain a variable insurance product line on your insurance license. 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.
All guarantees are based on the financial strength and claims-paying ability of the issuing insurance company who is solely responsible for the obligations under its own policies.
These materials are not intended to be used to avoid tax penalties, and were prepared to support the promotion or marketing of the matter addressed in this document. The taxpayer
should seek advice from an independent tax advisor.
Not FDIC/NCUA Insured | Not A Deposit Of A Bank | Not Bank Guaranteed | Not Insured By Any Federal Government Agency
For agent/registered representative use only. Not for public distribution. ©2014 Voya Services Company. All rights reserved. CN0224-15761-0316
140635 01/01/2015
Voya.com

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