“Many Americans are approaching retirement without a sound strategy for their income needs,” said
The Voya Wealth Builder Plus annuity allows investors to grow assets linked to the performance of certain indexes, specifically the S&P 500® Index. Gains are locked in annually through four index annuity interest crediting strategies to help individuals diversify and maximize tax-deferred accumulation. In particular, a point-to-point index strategy bases interest credit upon the percentage change in the S&P 500 Index, up to a cap. These crediting strategies provide the flexibility for investors to select a combination that best matches their specific situations and needs.
A floor offers protection against negative index performance, ensuring that the original investment value or the annual gains will never be lost. If the index goes down, the contract does not lose value due to the decline. If the selected index goes up, an investor’s contract value increases, up to a stated cap.
Another key feature of the product is a Minimum Guaranteed Withdrawal Benefit (MGWB), which helps individuals generate a guaranteed stream of lifetime income in retirement. The MGWB benefit base accumulates by two percent plus the positive performance of the index, for up to ten years. In addition, the income stream can be turned on or off as needed. Investors can also make a withdrawal without activating the benefit. This enables the benefit to continue growing while providing the flexibility to access funds.
The Voya Wealth Builder Plus annuity compliments Voya’s wide array of fixed annuity solutions. As an industry leader and advocate for greater retirement readiness,
Voya Wealth Builder Plus annuity contract Form Series IU-IA-3128 with contract schedule IU-IA-3128(8SC)-A is issued by
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.
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