Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35...

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Values as of 09/28/2020 Voya Indexed Universal Life-Global Choice Issued by Security Life of Denver Insurance Company Required training! VFA Registered Representatives must review the Required Training Presentation prior to using this document. However all distributors can benefit from this helpful training to better understand Voya Indexed Universal Life-Global Choice. Index calculation examples Not valid without all pages. Page 1 of 36

Transcript of Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35...

Page 1: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Values as of 09/28/2020

Voya Indexed Universal Life-Global Choice

Issued by Security Life of Denver Insurance Company

Required training!

VFA Registered Representatives must review the Required Training Presentation prior to using this document.

However all distributors can benefit from this helpful training to better understand Voya Indexed Universal Life-Global Choice.

Index calculation examples

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This report is designed for Voya Indexed Universal Life-Global Choice. No index dataand/or calculations can be used to accurately predict the Index Credits that will actually becredited to any Policy prior to the Block maturing. The actual index credits can only bedetermined as of the last day of the index crediting period for any Index Block. Your actualPolicy results will likely not match the examples shown in this document. You should notmake any decisions about your Policy in reliance on the information contained herein. Theexamples and index data herein are for informational purposes only, may reflect informationas of a point-in-time that is before the end of the index crediting period and should not beused to predict future index values or index credits.You are not invested in the underlying index(es) and dividends on the underlying index(es)are not taken into account in the calculation of Index Credits. The Annual Effective Rate thatis provided in the examples is an annualized return of the calculated (Hypothetical) IndexCredit Rate, capped by maximum return limits where applicable. The calculations alsoassume that the Index Factors used to calculate the Index Change Rate for the Global IndexStrategy, are applied based on the Index Change rates as of 09/28/2020. These factors mayapply to different indexes at maturity. The Annual Effective Rate shown is a months-baseddetermination, and is shown for illustrative purposes only. For matured blocks, thecalculation reflects the number of months between the Block Start Date and the BlockMaturity Date, and the Annual Effective Rate will equal the one-year return experienced. Foropen blocks, the calculation reflects the number of months from the Block Start Date throughthe valuation date (09/28/2020), and the Annual Effective Rate expresses the results to dateas an equivalent annually compounded rate. The Index Credit Rate is calculated based onindex values as of 09/28/2020 instead of maturity. Actual policy values are determined daily,based on actual daily balances. Please consult with your agent if you have questions aboutthis document or your Policy.

The values of the S&P 500® Index, HangSeng Index and EURO STOXX 50®

Index are determined as of the close oftrading on the New York StockExchange (NYSE) on the 28th day ofeach month if the NYSE is open fortrading, except for days on whichvaluations are suspended by theSecurities and Exchange Commission,or as may be required by law.

If the NYSE is not open for trading onthe 28th day of a given month, the valueof the Index will be determined as of theclose of trading on the next day theNYSE is open for trading. If an index isnot valued on a day when the NYSE isopen for trading, the assumed value ofthe index will be its value as of the closeof trading on the most recent previousday the NYSE was open for trading andthe index was valued.

The Index Strategies do not representdirect investment in the S&P 500® Index,Hang Seng Index or EURO STOXX 50®

Index.

How are the S&P 500® Index,Hang Seng Index and EUROSTOXX 50® Index valuesdetermined?

Voya Indexed Universal Life-Global Choice (the “Policy”) is a flexible premium adjustable universal life policy. Under the Policy, a policy owner may allocate funds to the FixedStrategy, an Indexed Strategy, or any combination of the Strategies. This document provides examples of how interest credits are calculated under the Indexed Strategies. If anindex block has not matured (open), no index credit is available. For these open Index Blocks, this document performs the index calculations using the value(s) of the underlyingindex(es) as of 09/28/2020. These hypothetical returns do not represent actual index credits. There is no guarantee that your Policy will benefit from an index-crediting strategy.Index values do not reflect dividends payable on the underlying stocks.

How is interest credited? What can I expect to learn from this document?It is not possible to accurately predict the Index Credits that will be provided to an IndexBlock prior to maturity. However, to help Policy owners understand the method of calculatingthe Index Credits that might apply at the end of any index crediting period, we have providedexamples for each possible Index Block of how the Index Credits would be calculated usingvalues of the underlying index(es) at the start of each Index Block and as of 09/28/2020.

There are 4 interest crediting strategies.

Fixed Strategy

2-Year Global Indexed Strategy

5-Year Global Indexed Strategy

Your net premium payments are initiallycredited to the Fixed Strategy that earnsa current credited rate of interest thatcan vary, but will never be less than theguaranteed minimum interest rate of2.00% per year.

S&P 500® 1-Year Point-to-PointIndexed Strategy

Funds allocated to any of the IndexedStrategies may credit interest based inpart on the performance of an Index orIndexes. These additional interestcredits (called “Index Credits”) arecalculated and credited at the end of theindex crediting period. Notably, fundsallocated to an Indexed Strategy in aparticular month are not eligible for anIndex Credit until the end of the indexcrediting period. In general, the indexcrediting period commences on the 28th

day of the month following the transfer ofthe allocated funds. These fundsbecome part of an Index Block createdfor funds allocated on this date. Themaximum Index Credit that can beearned on a Block is based on the IndexCap and Participation Rate, which aresubject to change for future Blocks butwhich are guaranteed not to changeonce a Block is formed. The Index CreditRate is guaranteed never to be less thanzero.

Important to read!

This document provides index information and index calculation examples for the IndexedStrategies for all possible Blocks that have been available for Voya Indexed Universal Life-Global Choice. A given Policy may or may not, have or have had, funds invested in a givenBlock.

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Voya Indexed Universal Life-Global ChoiceMatured and Open Annualized Returns for Available Indexed Strategies

09/28/2020

Open blocks are hypothetical based on index performance to date and will likely not equate to the realized index performance at the end of the block period.Returns shown are annual effective rates to both Matured and Open blocks.

11/2

8/12

02/2

8/13

05/2

8/13

08/2

8/13

11/2

8/13

02/2

8/14

05/2

8/14

08/2

8/14

11/2

8/14

02/28

/15

05/2

8/15

08/2

8/15

11/2

8/15

02/28

/16

05/2

8/16

08/2

8/16

11/2

8/16

02/28

/17

05/2

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11/2

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05/2

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08/2

8/18

11/2

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02/2

8/19

05/2

8/19

08/2

8/19

11/2

8/19

02/2

8/20

05/2

8/20

08/2

8/20

Index Block Start Date

0 %

5 %

10 %

15 %

20 %

25 %

30 %

35 %

40 %

45 %

50 %

55 %

S&P 500 1-Year Point-to-Point Indexed Strategy (Matured) S&P 500 1-Year Point-to-Point Indexed Strategy (Open) 2-Year Global Indexed Strategy (Matured) 2-Year Global Indexed Strategy (Open) 5-Year Global Indexed Strategy (Matured) 5-Year Global Indexed Strategy (Open)

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Voya Indexed Universal Life-Global Choice ExamplesThese charts provide only a snapshot of the index values and provide no information relative to future index results.

Your policy’s performance will not match the examples or sample data shown in this document.You should not make any decision about your policy in reliance on the examples or sample data contained herein.The actual index credits can only be determined as of the last day of the index crediting period for any specific premium payment.

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2012

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Nov-12 1,409.93100 %12.00 %0.00 %Nov-13 12.00 %28.08 %1,805.81 12.00 %S&P 500®

Dec-12 1,402.43100 %12.00 %0.00 %Dec-13 12.00 %31.28 %1,841.07 12.00 %S&P 500®

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2013

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-13 1,500.18100 %12.00 %0.00 %Jan-14 12.00 %19.49 %1,792.50 12.00 %S&P 500®

Feb-13 1,514.68100 %12.00 %0.00 %Feb-14 12.00 %22.76 %1,859.45 12.00 %S&P 500®

Mar-13 1,569.19100 %12.00 %0.00 %Mar-14 12.00 %18.38 %1,857.62 12.00 %S&P 500®

Apr-13 1,593.61100 %12.00 %0.00 %Apr-14 12.00 %17.31 %1,869.43 12.00 %S&P 500®

May-13 1,660.06100 %12.50 %0.00 %May-14 12.50 %15.04 %1,909.78 12.50 %S&P 500®

Jun-13 1,606.28100 %12.50 %0.00 %Jun-14 12.50 %22.04 %1,960.23 12.50 %S&P 500®

Jul-13 1,685.33100 %12.50 %0.00 %Jul-14 12.50 %17.42 %1,978.91 12.50 %S&P 500®

Aug-13 1,634.96100 %12.50 %0.00 %Aug-14 12.50 %22.13 %1,996.74 12.50 %S&P 500®

Sep-13 1,681.55100 %12.50 %0.00 %Sep-14 12.50 %17.62 %1,977.80 12.50 %S&P 500®

Oct-13 1,762.11100 %12.50 %0.00 %Oct-14 12.50 %12.65 %1,985.05 12.50 %S&P 500®

Nov-13 1,805.81100 %12.50 %0.00 %Nov-14 12.50 %14.49 %2,067.56 12.50 %S&P 500®

Dec-13 1,841.07100 %13.50 %0.00 %Dec-14 13.50 %13.55 %2,090.57 13.50 %

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Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2013

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Dec-13 1,841.07100 %13.50 %0.00 %Dec-14 13.50 %13.55 %2,090.57 13.50 %S&P 500®

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2014

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-14 1,792.50100 %13.50 %0.00 %Jan-15 11.70 %11.70 %2,002.16 11.70 %S&P 500®

Feb-14 1,859.45100 %13.50 %0.00 %Feb-15 13.50 %13.87 %2,117.39 13.50 %S&P 500®

Mar-14 1,857.62100 %13.50 %0.00 %Mar-15 12.31 %12.31 %2,086.24 12.31 %S&P 500®

Apr-14 1,869.43100 %13.50 %0.00 %Apr-15 13.12 %13.12 %2,114.76 13.12 %S&P 500®

May-14 1,909.78100 %13.50 %0.00 %May-15 11.05 %11.05 %2,120.79 11.05 %S&P 500®

Jun-14 1,960.23100 %13.50 %0.00 %Jun-15 4.97 %4.97 %2,057.64 4.97 %S&P 500®

Jul-14 1,978.91100 %13.50 %0.00 %Jul-15 5.78 %5.78 %2,093.25 5.78 %S&P 500®

Aug-14 1,996.74100 %13.50 %0.00 %Aug-15 0.00 %-0.39 %1,988.87 0.00 %S&P 500®

Sep-14 1,977.80100 %13.50 %0.00 %Sep-15 0.00 %-4.86 %1,881.77 0.00 %S&P 500®

Oct-14 1,985.05100 %13.50 %0.00 %Oct-15 5.30 %5.30 %2,090.35 5.30 %S&P 500®

Nov-14 2,067.56100 %13.50 %0.00 %Nov-15 0.62 %0.62 %2,080.41 0.62 %S&P 500®

Dec-14 2,090.57100 %13.50 %0.00 %Dec-15 0.00 %-1.63 %2,056.50 0.00 %S&P 500®

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Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2015

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-15 2,002.16100 %13.50 %0.00 %Jan-16 0.00 %-5.43 %1,893.36 0.00 %S&P 500®

Feb-15 2,117.39100 %13.00 %0.00 %Feb-16 0.00 %-8.74 %1,932.23 0.00 %S&P 500®

Mar-15 2,086.24100 %13.00 %0.00 %Mar-16 0.00 %-2.36 %2,037.05 0.00 %S&P 500®

Apr-15 2,114.76100 %13.00 %0.00 %Apr-16 0.00 %-1.84 %2,075.81 0.00 %S&P 500®

May-15 2,120.79100 %13.00 %0.00 %May-16 0.00 %-1.12 %2,096.96 0.00 %S&P 500®

Jun-15 2,057.64100 %13.00 %0.00 %Jun-16 0.00 %-1.05 %2,036.09 0.00 %S&P 500®

Jul-15 2,093.25100 %13.00 %0.00 %Jul-16 3.67 %3.67 %2,170.06 3.67 %S&P 500®

Aug-15 1,988.87100 %13.00 %0.00 %Aug-16 9.63 %9.63 %2,180.38 9.63 %S&P 500®

Sep-15 1,881.77100 %13.50 %0.00 %Sep-16 13.50 %15.39 %2,171.37 13.50 %S&P 500®

Oct-15 2,090.35100 %13.50 %0.00 %Oct-16 1.73 %1.73 %2,126.41 1.73 %S&P 500®

Nov-15 2,080.41100 %13.50 %0.00 %Nov-16 5.83 %5.83 %2,201.72 5.83 %S&P 500®

Dec-15 2,056.50100 %13.50 %0.00 %Dec-16 9.41 %9.41 %2,249.92 9.41 %S&P 500®

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2016

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-16 1,893.36100 %13.50 %0.00 %Jan-17 13.50 %20.47 %2,280.90 13.50 %S&P 500®

Feb-16 1,932.23100 %13.50 %0.00 %Feb-17 13.50 %22.33 %2,363.64 13.50 %S&P 500®

Mar-16 2,037.05100 %13.00 %0.00 %Mar-17 13.00 %15.78 %2,358.57 13.00 %S&P 500®

Apr-16 2,075.81100 %13.00 %0.00 %Apr-17 13.00 %14.86 %2,384.20 13.00 %S&P 500®

May-16 2,096.96100 %13.00 %0.00 %May-17 13.00 %15.07 %2,412.91 13.00 %S&P 500®

Jun-16 2,036.09100 %13.00 %0.00 %Jun-17 13.00 %19.87 %2,440.69 13.00 %S&P 500®

Jul-16 2,170.06100 %13.00 %0.00 %Jul-17 13.00 %13.92 %2,472.10 13.00 %

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Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2016

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jul-16 2,170.06100 %13.00 %0.00 %Jul-17 13.00 %13.92 %2,472.10 13.00 %S&P 500®

Aug-16 2,180.38100 %13.00 %0.00 %Aug-17 12.10 %12.10 %2,444.24 12.10 %S&P 500®

Sep-16 2,171.37100 %12.50 %0.00 %Sep-17 12.50 %15.60 %2,510.06 12.50 %S&P 500®

Oct-16 2,126.41100 %12.50 %0.00 %Oct-17 12.50 %20.99 %2,572.83 12.50 %S&P 500®

Nov-16 2,201.72100 %12.50 %0.00 %Nov-17 12.50 %19.32 %2,627.04 12.50 %S&P 500®

Dec-16 2,249.92100 %12.50 %0.00 %Dec-17 12.50 %19.45 %2,687.54 12.50 %S&P 500®

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2017

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-17 2,280.90100 %12.50 %0.00 %Jan-18 12.50 %25.11 %2,853.53 12.50 %S&P 500®

Feb-17 2,363.64100 %12.50 %0.00 %Feb-18 12.50 %14.82 %2,713.83 12.50 %S&P 500®

Mar-17 2,358.57100 %12.50 %0.00 %Mar-18 10.45 %10.45 %2,605.00 10.45 %S&P 500®

Apr-17 2,384.20100 %12.50 %0.00 %Apr-18 11.07 %11.07 %2,648.05 11.07 %S&P 500®

May-17 2,412.91100 %12.50 %0.00 %May-18 11.48 %11.48 %2,689.86 11.48 %S&P 500®

Jun-17 2,440.69100 %12.50 %0.00 %Jun-18 11.29 %11.29 %2,716.31 11.29 %S&P 500®

Jul-17 2,472.10100 %12.50 %0.00 %Jul-18 12.50 %13.37 %2,802.60 12.50 %S&P 500®

Aug-17 2,444.24100 %11.50 %0.00 %Aug-18 11.50 %18.54 %2,897.52 11.50 %S&P 500®

Sep-17 2,510.06100 %11.50 %0.00 %Sep-18 11.50 %16.09 %2,913.98 11.50 %S&P 500®

Oct-17 2,572.83100 %11.50 %0.00 %Oct-18 2.66 %2.66 %2,641.25 2.66 %S&P 500®

Nov-17 2,627.04100 %11.50 %0.00 %Nov-18 4.44 %4.44 %2,743.79 4.44 %S&P 500®

Dec-17 2,687.54100 %11.50 %0.00 %Dec-18 0.00 %-7.51 %2,485.74 0.00 %S&P 500®

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Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2018

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-18 2,853.53100 %11.50 %0.00 %Jan-19 0.00 %-7.35 %2,643.85 0.00 %S&P 500®

Feb-18 2,713.83100 %11.50 %0.00 %Feb-19 2.60 %2.60 %2,784.49 2.60 %S&P 500®

Mar-18 2,605.00100 %11.50 %0.00 %Mar-19 8.08 %8.08 %2,815.44 8.08 %S&P 500®

Apr-18 2,648.05100 %11.50 %0.00 %Apr-19 11.14 %11.14 %2,943.03 11.14 %S&P 500®

May-18 2,689.86100 %11.50 %0.00 %May-19 4.18 %4.18 %2,802.39 4.18 %S&P 500®

Jun-18 2,716.31100 %11.50 %0.00 %Jun-19 8.30 %8.30 %2,941.76 8.30 %S&P 500®

Jul-18 2,802.60100 %11.50 %0.00 %Jul-19 7.79 %7.79 %3,020.97 7.79 %S&P 500®

Aug-18 2,897.52100 %11.50 %0.00 %Aug-19 0.00 %-0.33 %2,887.94 0.00 %S&P 500®

Sep-18 2,913.98100 %11.50 %0.00 %Sep-19 2.15 %2.15 %2,976.74 2.15 %S&P 500®

Oct-18 2,641.25100 %11.50 %0.00 %Oct-19 11.50 %15.08 %3,039.42 11.50 %S&P 500®

Nov-18 2,743.79100 %11.50 %0.00 %Nov-19 11.50 %14.94 %3,153.63 11.50 %S&P 500®

Dec-18 2,485.74100 %11.50 %0.00 %Dec-19 11.50 %29.59 %3,221.29 11.50 %S&P 500®

Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-19 2,643.85100 %11.50 %0.00 %Jan-20 11.50 %23.92 %3,276.24 11.50 %S&P 500®

Feb-19 2,784.49100 %11.50 %0.00 %Feb-20 6.10 %6.10 %2,954.22 6.10 %S&P 500®

Mar-19 2,815.44100 %11.50 %0.00 %Mar-20 0.00 %-6.71 %2,626.65 0.00 %S&P 500®

Apr-19 2,943.03100 %11.50 %0.00 %Apr-20 0.00 %-2.71 %2,863.39 0.00 %S&P 500®

May-19 2,802.39100 %11.50 %0.00 %May-20 8.11 %8.11 %3,029.73 8.11 %S&P 500®

Jun-19 2,941.76100 %11.50 %0.00 %Jun-20 3.79 %3.79 %3,053.24 3.79 %S&P 500®

Jul-19 3,020.97100 %11.50 %0.00 %Jul-20 6.54 %6.54 %3,218.44 6.54 %

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Indexed Strategy Information Index Values Index Credit Rate

ParticipationRate

Applied

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

Index CapParticipation

Rate

BlockStartDate

BlockMaturity

Date

IndexChange

(%)

Index ChangeRate (Guar Min and

Cap applied)

BlockStartDate

S&P 500® 1-Year Point-to-Point Indexed Strategy MATURED blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jul-19 3,020.97100 %11.50 %0.00 %Jul-20 6.54 %6.54 %3,218.44 6.54 %S&P 500®

Aug-19 2,887.94100 %11.50 %0.00 %Aug-20 11.50 %21.47 %3,508.01 11.50 %S&P 500®

Sep-19 2,976.74100 %10.50 %0.00 %Sep-20 10.50 %12.59 %3,351.60 10.50 %S&P 500®

Not valid without all pages.Page 9 of 36

Page 10: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

S&P 500® 1-Year Point-to-Point Indexed Strategy OPEN blocks starting 2019

Indexed Strategy Information Index ValuesHypothetical Index

Credit Rate

ParticipationRate

Applied

BlockStartDate

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

09/28/2020Annual

EffectiveRate

Monthsto

Maturity

Index ChangeRate (Guar Min

and Cap applied)

IndexChange

(%)

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Oct-19 3,039.42100 %10.50 %0.00 %Oct-20 10.27 %10.27 %3,351.60 10.50 %10.27 %1S&P 500®

Nov-19 3,153.63100 %10.50 %0.00 %Nov-20 6.28 %6.28 %3,351.60 7.58 %6.28 %2S&P 500®

Dec-19 3,221.29100 %10.50 %0.00 %Dec-20 4.05 %4.05 %3,351.60 5.43 %4.05 %3S&P 500®

S&P 500® 1-Year Point-to-Point Indexed Strategy OPEN blocks starting 2020

Indexed Strategy Information Index ValuesHypothetical Index

Credit Rate

ParticipationRate

Applied

BlockStartDate

BlockMaturity

DateIndex

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

09/28/2020Annual

EffectiveRate

Monthsto

Maturity

Index ChangeRate (Guar Min

and Cap applied)

IndexChange

(%)

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-20 3,276.24100 %10.50 %0.00 %Jan-21 2.30 %2.30 %3,351.60 3.47 %2.30 %4S&P 500®

Feb-20 2,954.22100 %10.50 %0.00 %Feb-21 10.50 %13.45 %3,351.60 10.50 %10.50 %5S&P 500®

Mar-20 2,626.65100 %10.50 %0.00 %Mar-21 10.50 %27.60 %3,351.60 10.50 %10.50 %6S&P 500®

Apr-20 2,863.39100 %10.50 %0.00 %Apr-21 10.50 %17.05 %3,351.60 10.50 %10.50 %7S&P 500®

May-20 3,029.73100 %9.50 %0.00 %May-21 9.50 %10.62 %3,351.60 9.50 %9.50 %8S&P 500®

Jun-20 3,053.24100 %9.50 %0.00 %Jun-21 9.50 %9.77 %3,351.60 9.50 %9.50 %9S&P 500®

Jul-20 3,218.44100 %9.50 %0.00 %Jul-21 4.14 %4.14 %3,351.60 9.50 %4.14 %10S&P 500®

Aug-20 3,508.01100 %9.50 %0.00 %Aug-21 0.00 %-4.46 %3,351.60 0.00 %0.00 %11S&P 500®

Not valid without all pages.Page 10 of 36

Page 11: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2012

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

23.04 %

1,409.93

55 %Unlimited0.00 %

46.64 %2,067.56

10.92 %21,708.98

2,546.84

10.50 %23,987.45

27.65 %3,250.93

75 % 34.98 %

0 %

25 %

0.00 %

6.91 %

41.89 % 41.89 %Nov-12 Nov-14

S&P 500®

Hang Seng

EURO STOXX®

23.16 %

1,402.43

55 %Unlimited0.00 %

49.07 %2,090.57

10.98 %22,666.59

2,626.85

4.88 %23,773.18

21.25 %3,185.17

75 % 36.80 %

0 %

25 %

0.00 %

5.31 %

42.11 % 42.11 %Dec-12 Dec-14

S&P 500®

Hang Seng

EURO STOXX®

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2013

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

16.88 %

1,500.18

55 %Unlimited0.00 %

33.46 %2,002.16

8.11 %23,671.88

2,744.50

5.03 %24,861.81

22.39 %3,358.96

75 % 25.10 %

0 %

25 %

0.00 %

5.60 %

30.69 % 30.69 %Jan-13 Jan-15

S&P 500®

Hang Seng

EURO STOXX®

21.41 %

1,514.68

55 %Unlimited0.00 %

39.79 %2,117.39

10.19 %23,020.27

2,633.55

8.11 %24,887.44

36.36 %3,591.09

75 % 29.84 %

0 %

25 %

0.00 %

9.09 %

38.93 % 38.93 %Feb-13 Feb-15

S&P 500®

Hang Seng

EURO STOXX®

21.88 %

1,569.19

55 %Unlimited0.00 %

32.95 %2,086.24

10.40 %22,299.63

2,624.02

11.46 %24,855.12

42.06 %3,727.80

25 % 8.24 %

0 %

75 %

0.00 %

31.55 %

39.79 % 39.79 %Mar-13 Mar-15

S&P 500®

Hang Seng

EURO STOXX®

19.65 %

1,593.61

55 %Unlimited0.00 %

32.70 %2,114.76

9.38 %22,580.77

2,717.38

25.96 %28,442.75

36.73 %3,715.42

25 % 8.18 %

0 %

75 %

0.00 %

27.55 %

35.72 % 35.72 %Apr-13 Apr-15

S&P 500®

Hang Seng

EURO STOXX®

17.09 %

1,660.06

60 %Unlimited0.00 %

27.75 %2,120.79

8.21 %22,924.25

2,835.87

19.76 %27,454.31

28.73 %3,650.71

25 % 6.94 %

0 %

75 %

0.00 %

21.55 %

28.49 % 28.49 %May-13 May-15

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 11 of 36

Page 12: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2013

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

19.19 %

1,606.28

60 %Unlimited0.00 %

28.10 %2,057.64

9.18 %20,803.29

2,602.59

24.82 %25,966.98

33.29 %3,468.90

25 % 7.02 %

0 %

75 %

0.00 %

24.96 %

31.99 % 31.99 %Jun-13 Jun-15

S&P 500®

Hang Seng

EURO STOXX®

16.96 %

1,685.33

60 %Unlimited0.00 %

24.20 %2,093.25

8.15 %21,850.15

2,741.73

12.15 %24,503.94

29.63 %3,554.11

25 % 6.05 %

0 %

75 %

0.00 %

22.22 %

28.27 % 28.27 %Jul-13 Jul-15

S&P 500®

Hang Seng

EURO STOXX®

12.72 %

1,634.96

60 %Unlimited0.00 %

21.65 %1,988.87

6.17 %21,524.65

2,742.61

0.41 %21,612.39

19.83 %3,286.59

75 % 16.23 %

0 %

25 %

0.00 %

4.96 %

21.19 % 21.19 %Aug-13 Aug-15

S&P 500®

Hang Seng

EURO STOXX®

6.12 %

1,681.55

60 %Unlimited0.00 %

11.91 %1,881.77

3.01 %22,859.86

2,893.15

-7.32 %21,186.32

5.06 %3,039.44

75 % 8.93 %

0 %

25 %

0.00 %

1.26 %

10.19 % 10.19 %Sep-13 Sep-15

S&P 500®

Hang Seng

EURO STOXX®

10.36 %

1,762.11

60 %Unlimited0.00 %

18.63 %2,090.35

5.05 %22,806.58

3,022.04

0.66 %22,956.57

13.20 %3,421.09

75 % 13.97 %

0 %

25 %

0.00 %

3.30 %

17.27 % 17.27 %Oct-13 Oct-15

S&P 500®

Hang Seng

EURO STOXX®

8.88 %

1,805.81

60 %Unlimited0.00 %

15.21 %2,080.41

4.35 %23,881.29

3,086.64

-7.89 %21,996.42

13.60 %3,506.45

75 % 11.40 %

0 %

25 %

0.00 %

3.40 %

14.81 % 14.81 %Nov-13 Nov-15

S&P 500®

Hang Seng

EURO STOXX®

7.02 %

1,841.07

70 %Unlimited0.00 %

11.70 %2,056.50

3.45 %23,244.87

3,100.93

-5.70 %21,919.62

5.02 %3,256.49

75 % 8.78 %

0 %

25 %

0.00 %

1.25 %

10.03 % 10.03 %Dec-13 Dec-15

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 12 of 36

Page 13: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2014

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

2.61 %

1,792.50

70 %Unlimited0.00 %

5.63 %1,893.36

1.30 %21,960.64

3,038.60

-12.59 %19,195.83

-1.95 %2,979.42

75 % 4.22 %

0 %

25 %

0.00 %

-0.49 %

3.73 % 3.73 %Jan-14 Jan-16

S&P 500®

Hang Seng

EURO STOXX®

0.92 %

1,859.45

70 %Unlimited0.00 %

3.91 %1,932.23

0.46 %22,836.96

3,149.23

-16.31 %19,111.93

-6.46 %2,945.75

75 % 2.94 %

0 %

25 %

0.00 %

-1.62 %

1.32 % 1.32 %Feb-14 Feb-16

S&P 500®

Hang Seng

EURO STOXX®

4.05 %

1,857.62

70 %Unlimited0.00 %

9.66 %2,037.05

2.00 %22,065.53

3,172.43

-7.79 %20,345.61

-5.85 %2,986.73

75 % 7.24 %

0 %

25 %

0.00 %

-1.46 %

5.78 % 5.78 %Mar-14 Mar-16

S&P 500®

Hang Seng

EURO STOXX®

5.57 %

1,869.43

70 %Unlimited0.00 %

11.04 %2,075.81

2.75 %22,132.53

3,165.84

-3.36 %21,388.03

-1.28 %3,125.43

75 % 8.28 %

0 %

25 %

0.00 %

-0.32 %

7.96 % 7.96 %Apr-14 Apr-16

S&P 500®

Hang Seng

EURO STOXX®

4.16 %

1,909.78

70 %Unlimited0.00 %

9.80 %2,096.96

2.06 %23,080.03

3,246.24

-9.81 %20,815.09

-5.63 %3,063.48

75 % 7.35 %

0 %

25 %

0.00 %

-1.41 %

5.94 % 5.94 %May-14 May-16

S&P 500®

Hang Seng

EURO STOXX®

0.00 %

1,960.23

70 %Unlimited0.00 %

3.87 %2,036.09

0.00 %23,190.72

3,228.24

-13.01 %20,172.46

-14.55 %2,758.67

75 % 2.90 %

25 %

0 %

-3.25 %

0.00 %

-0.35 % 0.00 %Jun-14 Jun-16

S&P 500®

Hang Seng

EURO STOXX®

3.94 %

1,978.91

70 %Unlimited0.00 %

9.66 %2,170.06

1.95 %24,428.63

3,171.55

-9.23 %22,174.34

-6.48 %2,966.10

75 % 7.24 %

0 %

25 %

0.00 %

-1.62 %

5.63 % 5.63 %Jul-14 Jul-16

S&P 500®

Hang Seng

EURO STOXX®

3.91 %

1,996.74

70 %Unlimited0.00 %

9.20 %2,180.38

1.94 %24,741.00

3,164.44

-7.76 %22,821.34

-5.24 %2,998.50

75 % 6.90 %

0 %

25 %

0.00 %

-1.31 %

5.59 % 5.59 %Aug-14 Aug-16

S&P 500®

Hang Seng

EURO STOXX®

5.43 %

1,977.80

70 %Unlimited0.00 %

9.79 %2,171.37

2.68 %23,229.21

3,186.95

1.68 %23,619.65

-6.15 %2,991.11

75 % 7.34 %

25 %

0 %

0.42 %

0.00 %

7.76 % 7.76 %Sep-14 Sep-16

S&P 500®

Hang Seng

EURO STOXX®

3.99 %

1,985.05

70 %Unlimited0.00 %

7.12 %2,126.41

1.97 %23,520.36

3,036.15

-2.40 %22,954.81

1.42 %3,079.24

75 % 5.34 %

0 %

25 %

0.00 %

0.35 %

5.70 % 5.70 %Oct-14 Oct-16

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 13 of 36

Page 14: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2014

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

2.56 %

2,067.56

70 %Unlimited0.00 %

6.49 %2,201.72

1.27 %23,987.45

3,250.93

-4.82 %22,830.57

-7.20 %3,016.80

75 % 4.87 %

25 %

0 %

-1.21 %

0.00 %

3.66 % 3.66 %Nov-14 Nov-16

S&P 500®

Hang Seng

EURO STOXX®

4.52 %

2,090.57

70 %Unlimited0.00 %

7.62 %2,249.92

2.23 %23,773.18

3,185.17

-8.49 %21,754.74

2.94 %3,278.72

75 % 5.72 %

0 %

25 %

0.00 %

0.73 %

6.45 % 6.45 %Dec-14 Dec-16

S&P 500®

Hang Seng

EURO STOXX®

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2015

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

6.81 %

2,002.16

70 %Unlimited0.00 %

13.92 %2,280.90

3.35 %24,861.81

3,358.96

-6.04 %23,360.78

-2.87 %3,262.72

75 % 10.44 %

0 %

25 %

0.00 %

-0.72 %

9.73 % 9.73 %Jan-15 Jan-17

S&P 500®

Hang Seng

EURO STOXX®

4.92 %

2,117.39

65 %Unlimited0.00 %

11.63 %2,363.64

2.43 %24,887.44

3,591.09

-4.61 %23,740.73

-7.56 %3,319.61

75 % 8.72 %

25 %

0 %

-1.15 %

0.00 %

7.57 % 7.57 %Feb-15 Feb-17

S&P 500®

Hang Seng

EURO STOXX®

6.03 %

2,086.24

65 %Unlimited0.00 %

13.05 %2,358.57

2.97 %24,855.12

3,727.80

-2.05 %24,345.87

-7.05 %3,465.07

75 % 9.79 %

25 %

0 %

-0.51 %

0.00 %

9.28 % 9.28 %Mar-15 Mar-17

S&P 500®

Hang Seng

EURO STOXX®

5.53 %

2,114.76

65 %Unlimited0.00 %

12.74 %2,384.20

2.73 %28,442.75

3,715.42

-13.46 %24,615.13

-4.19 %3,559.59

75 % 9.56 %

0 %

25 %

0.00 %

-1.05 %

8.51 % 8.51 %Apr-15 Apr-17

S&P 500®

Hang Seng

EURO STOXX®

6.32 %

2,120.79

65 %Unlimited0.00 %

13.77 %2,412.91

3.11 %27,454.31

3,650.71

-6.61 %25,639.27

-2.45 %3,561.22

75 % 10.33 %

0 %

25 %

0.00 %

-0.61 %

9.72 % 9.72 %May-15 May-17

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 14 of 36

Page 15: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2015

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

9.39 %

2,057.64

65 %Unlimited0.00 %

18.62 %2,440.69

4.59 %25,966.98

3,468.90

-1.09 %25,683.50

1.93 %3,535.70

75 % 13.96 %

0 %

25 %

0.00 %

0.48 %

14.44 % 14.44 %Jun-15 Jun-17

S&P 500®

Hang Seng

EURO STOXX®

10.46 %

2,093.25

65 %Unlimited0.00 %

18.10 %2,472.10

5.10 %24,503.94

3,554.11

10.10 %26,979.39

-2.43 %3,467.73

75 % 13.57 %

25 %

0 %

2.53 %

0.00 %

16.10 % 16.10 %Jul-15 Jul-17

S&P 500®

Hang Seng

EURO STOXX®

17.82 %

1,988.87

65 %Unlimited0.00 %

22.90 %2,444.24

8.55 %21,612.39

3,286.59

28.92 %27,863.29

4.09 %3,421.03

25 % 5.72 %

75 %

0 %

21.69 %

0.00 %

27.42 % 27.42 %Aug-15 Aug-17

S&P 500®

Hang Seng

EURO STOXX®

21.06 %

1,881.77

65 %Unlimited0.00 %

33.39 %2,510.06

10.03 %21,186.32

3,039.44

29.43 %27,421.60

17.25 %3,563.64

75 % 25.04 %

25 %

0 %

7.36 %

0.00 %

32.40 % 32.40 %Sep-15 Sep-17

S&P 500®

Hang Seng

EURO STOXX®

15.17 %

2,090.35

65 %Unlimited0.00 %

23.08 %2,572.83

7.32 %22,956.57

3,421.09

23.43 %28,336.19

7.05 %3,662.18

25 % 5.77 %

75 %

0 %

17.58 %

0.00 %

23.35 % 23.35 %Oct-15 Oct-17

S&P 500®

Hang Seng

EURO STOXX®

21.30 %

2,080.41

65 %Unlimited0.00 %

26.28 %2,627.04

10.14 %21,996.42

3,506.45

34.93 %29,680.85

2.20 %3,583.49

25 % 6.57 %

75 %

0 %

26.20 %

0.00 %

32.77 % 32.77 %Nov-15 Nov-17

S&P 500®

Hang Seng

EURO STOXX®

22.65 %

2,056.50

65 %Unlimited0.00 %

30.69 %2,687.54

10.75 %21,919.62

3,256.49

36.24 %29,863.71

8.22 %3,524.31

25 % 7.67 %

75 %

0 %

27.18 %

0.00 %

34.85 % 34.85 %Dec-15 Dec-17

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 15 of 36

Page 16: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2016

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

43.21 %

1,893.36

65 %Unlimited0.00 %

50.71 %2,853.53

19.67 %19,195.83

2,979.42

71.74 %32,966.89

22.27 %3,643.04

25 % 12.68 %

75 %

0 %

53.80 %

0.00 %

66.48 % 66.48 %Jan-16 Jan-18

S&P 500®

Hang Seng

EURO STOXX®

36.50 %

1,932.23

65 %Unlimited0.00 %

40.45 %2,713.83

16.83 %19,111.93

2,945.75

61.39 %30,844.72

16.74 %3,438.96

25 % 10.11 %

75 %

0 %

46.04 %

0.00 %

56.16 % 56.16 %Feb-16 Feb-18

S&P 500®

Hang Seng

EURO STOXX®

27.72 %

2,037.05

65 %Unlimited0.00 %

27.88 %2,605.00

13.01 %20,345.61

2,986.73

47.56 %30,022.53

11.54 %3,331.25

25 % 6.97 %

75 %

0 %

35.67 %

0.00 %

42.64 % 42.64 %Mar-16 Mar-18

S&P 500®

Hang Seng

EURO STOXX®

25.95 %

2,075.81

65 %Unlimited0.00 %

27.57 %2,648.05

12.23 %21,388.03

3,125.43

44.05 %30,808.45

13.15 %3,536.52

25 % 6.89 %

75 %

0 %

33.03 %

0.00 %

39.93 % 39.93 %Apr-16 Apr-18

S&P 500®

Hang Seng

EURO STOXX®

27.24 %

2,096.96

65 %Unlimited0.00 %

28.27 %2,689.86

12.80 %20,815.09

3,063.48

46.45 %30,484.58

11.90 %3,428.14

25 % 7.07 %

75 %

0 %

34.84 %

0.00 %

41.91 % 41.91 %May-16 May-18

S&P 500®

Hang Seng

EURO STOXX®

25.55 %

2,036.09

65 %Unlimited0.00 %

33.41 %2,716.31

12.05 %20,172.46

2,758.67

41.27 %28,497.32

22.00 %3,365.52

25 % 8.35 %

75 %

0 %

30.95 %

0.00 %

39.30 % 39.30 %Jun-16 Jun-18

S&P 500®

Hang Seng

EURO STOXX®

19.16 %

2,170.06

65 %Unlimited0.00 %

29.15 %2,802.60

9.16 %22,174.34

2,966.10

29.58 %28,733.13

18.42 %3,512.31

25 % 7.29 %

75 %

0 %

22.18 %

0.00 %

29.47 % 29.47 %Jul-16 Jul-18

S&P 500®

Hang Seng

EURO STOXX®

19.97 %

2,180.38

65 %Unlimited0.00 %

32.89 %2,897.52

9.53 %22,821.34

2,998.50

24.23 %28,351.62

14.98 %3,447.57

75 % 24.67 %

25 %

0 %

6.06 %

0.00 %

30.73 % 30.73 %Aug-16 Aug-18

S&P 500®

Hang Seng

EURO STOXX®

19.54 %

2,171.37

65 %Unlimited0.00 %

34.20 %2,913.98

9.33 %23,619.65

2,991.11

17.65 %27,788.52

13.64 %3,399.20

75 % 25.65 %

25 %

0 %

4.41 %

0.00 %

30.06 % 30.06 %Sep-16 Sep-18

S&P 500®

Hang Seng

EURO STOXX®

13.12 %

2,126.41

65 %Unlimited0.00 %

24.21 %2,641.25

6.36 %22,954.81

3,079.24

8.09 %24,812.04

2.46 %3,154.93

75 % 18.16 %

25 %

0 %

2.02 %

0.00 %

20.18 % 20.18 %Oct-16 Oct-18

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 16 of 36

Page 17: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2016

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

14.74 %

2,201.72

65 %Unlimited0.00 %

24.62 %2,743.79

7.12 %22,830.57

3,016.80

16.87 %26,682.56

5.02 %3,168.29

75 % 18.47 %

25 %

0 %

4.22 %

0.00 %

22.68 % 22.68 %Nov-16 Nov-18

S&P 500®

Hang Seng

EURO STOXX®

10.11 %

2,249.92

65 %Unlimited0.00 %

10.48 %2,485.74

4.93 %21,754.74

3,278.72

17.24 %25,504.20

-8.91 %2,986.53

25 % 2.62 %

75 %

0 %

12.93 %

0.00 %

15.55 % 15.55 %Dec-16 Dec-18

S&P 500®

Hang Seng

EURO STOXX®

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2017

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

11.38 %

2,280.90

65 %Unlimited0.00 %

15.91 %2,643.85

5.54 %23,360.78

3,262.72

18.05 %27,576.96

-3.84 %3,137.27

25 % 3.98 %

75 %

0 %

13.54 %

0.00 %

17.51 % 17.51 %Jan-17 Jan-19

S&P 500®

Hang Seng

EURO STOXX®

12.94 %

2,363.64

65 %Unlimited0.00 %

17.81 %2,784.49

6.27 %23,740.73

3,319.61

20.61 %28,633.18

-0.64 %3,298.26

25 % 4.45 %

75 %

0 %

15.46 %

0.00 %

19.91 % 19.91 %Feb-17 Feb-19

S&P 500®

Hang Seng

EURO STOXX®

12.40 %

2,358.57

65 %Unlimited0.00 %

19.37 %2,815.44

6.02 %24,345.87

3,465.07

18.19 %28,775.21

-4.18 %3,320.29

75 % 14.53 %

25 %

0 %

4.55 %

0.00 %

19.08 % 19.08 %Mar-17 Mar-19

S&P 500®

Hang Seng

EURO STOXX®

14.91 %

2,384.20

65 %Unlimited0.00 %

23.44 %2,943.03

7.20 %24,615.13

3,559.59

21.44 %29,892.81

-1.62 %3,501.94

75 % 17.58 %

25 %

0 %

5.36 %

0.00 %

22.94 % 22.94 %Apr-17 Apr-19

S&P 500®

Hang Seng

EURO STOXX®

8.98 %

2,412.91

65 %Unlimited0.00 %

16.14 %2,802.39

4.39 %25,639.27

3,561.22

6.83 %27,390.81

-5.96 %3,348.86

75 % 12.11 %

25 %

0 %

1.71 %

0.00 %

13.81 % 13.81 %May-17 May-19

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 17 of 36

Page 18: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2017

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

11.82 %

2,440.69

65 %Unlimited0.00 %

20.53 %2,941.76

5.74 %25,683.50

3,535.70

11.13 %28,542.62

-1.75 %3,473.69

75 % 15.40 %

25 %

0 %

2.78 %

0.00 %

18.18 % 18.18 %Jun-17 Jun-19

S&P 500®

Hang Seng

EURO STOXX®

11.50 %

2,472.10

65 %Unlimited0.00 %

22.20 %3,020.97

5.59 %26,979.39

3,467.73

4.18 %28,106.41

1.61 %3,523.58

75 % 16.65 %

25 %

0 %

1.04 %

0.00 %

17.70 % 17.70 %Jul-17 Jul-19

S&P 500®

Hang Seng

EURO STOXX®

8.59 %

2,444.24

65 %Unlimited0.00 %

18.15 %2,887.94

4.20 %27,863.29

3,421.03

-8.07 %25,615.48

-1.63 %3,365.38

75 % 13.61 %

0 %

25 %

0.00 %

-0.41 %

13.21 % 13.21 %Aug-17 Aug-19

S&P 500®

Hang Seng

EURO STOXX®

9.09 %

2,510.06

65 %Unlimited0.00 %

18.59 %2,976.74

4.45 %27,421.60

3,563.64

-4.85 %26,092.27

0.16 %3,569.45

75 % 13.94 %

0 %

25 %

0.00 %

0.04 %

13.99 % 13.99 %Sep-17 Sep-19

S&P 500®

Hang Seng

EURO STOXX®

8.68 %

2,572.83

65 %Unlimited0.00 %

18.14 %3,039.42

4.25 %28,336.19

3,662.18

-5.10 %26,891.26

-1.00 %3,625.69

75 % 13.60 %

0 %

25 %

0.00 %

-0.25 %

13.35 % 13.35 %Oct-17 Oct-19

S&P 500®

Hang Seng

EURO STOXX®

10.32 %

2,627.04

65 %Unlimited0.00 %

20.04 %3,153.63

5.03 %29,680.85

3,583.49

-9.39 %26,893.73

3.38 %3,704.48

75 % 15.03 %

0 %

25 %

0.00 %

0.84 %

15.88 % 15.88 %Nov-17 Nov-19

S&P 500®

Hang Seng

EURO STOXX®

10.72 %

2,687.54

65 %Unlimited0.00 %

19.86 %3,221.29

5.22 %29,863.71

3,524.31

-5.17 %28,319.39

6.36 %3,748.47

75 % 14.90 %

0 %

25 %

0.00 %

1.59 %

16.49 % 16.49 %Dec-17 Dec-19

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 18 of 36

Page 19: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy MATURED blocks starting 2018

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

7.56 %

2,853.53

65 %Unlimited0.00 %

14.81 %3,276.24

3.71 %32,966.89

3,643.04

-15.22 %27,949.64

2.09 %3,719.22

75 % 11.11 %

0 %

25 %

0.00 %

0.52 %

11.63 % 11.63 %Jan-18 Jan-20

S&P 500®

Hang Seng

EURO STOXX®

3.80 %

2,713.83

65 %Unlimited0.00 %

8.86 %2,954.22

1.88 %30,844.72

3,438.96

-15.29 %26,129.93

-3.18 %3,329.49

75 % 6.64 %

0 %

25 %

0.00 %

-0.80 %

5.85 % 5.85 %Feb-18 Feb-20

S&P 500®

Hang Seng

EURO STOXX®

0.00 %

2,605.00

65 %Unlimited0.00 %

0.83 %2,626.65

0.00 %30,022.53

3,331.25

-22.81 %23,175.11

-16.98 %2,765.62

75 % 0.62 %

0 %

25 %

0.00 %

-4.24 %

-3.62 % 0.00 %Mar-18 Mar-20

S&P 500®

Hang Seng

EURO STOXX®

1.19 %

2,648.05

65 %Unlimited0.00 %

8.13 %2,863.39

0.59 %30,808.45

3,536.52

-20.23 %24,575.96

-17.09 %2,932.06

75 % 6.10 %

0 %

25 %

0.00 %

-4.27 %

1.83 % 1.83 %Apr-18 Apr-20

S&P 500®

Hang Seng

EURO STOXX®

4.58 %

2,689.86

65 %Unlimited0.00 %

12.64 %3,029.73

2.26 %30,484.58

3,428.14

-24.12 %23,132.76

-9.73 %3,094.47

75 % 9.48 %

0 %

25 %

0.00 %

-2.43 %

7.04 % 7.04 %May-18 May-20

S&P 500®

Hang Seng

EURO STOXX®

5.40 %

2,716.31

65 %Unlimited0.00 %

12.40 %3,053.24

2.67 %28,497.32

3,365.52

-14.72 %24,301.28

-3.97 %3,232.02

75 % 9.30 %

0 %

25 %

0.00 %

-0.99 %

8.31 % 8.31 %Jun-18 Jun-20

S&P 500®

Hang Seng

EURO STOXX®

6.27 %

2,802.60

65 %Unlimited0.00 %

14.84 %3,218.44

3.09 %28,733.13

3,512.31

-13.78 %24,772.76

-5.94 %3,303.56

75 % 11.13 %

0 %

25 %

0.00 %

-1.49 %

9.64 % 9.64 %Jul-18 Jul-20

S&P 500®

Hang Seng

EURO STOXX®

9.65 %

2,897.52

65 %Unlimited0.00 %

21.07 %3,508.01

4.71 %28,351.62

3,447.57

-10.33 %25,422.06

-3.83 %3,315.54

75 % 15.80 %

0 %

25 %

0.00 %

-0.96 %

14.84 % 14.84 %Aug-18 Aug-20

S&P 500®

Hang Seng

EURO STOXX®

6.48 %

2,913.98

65 %Unlimited0.00 %

15.02 %3,351.60

3.19 %27,788.52

3,399.20

-15.52 %23,476.05

-5.18 %3,223.19

75 % 11.26 %

0 %

25 %

0.00 %

-1.29 %

9.97 % 9.97 %Sep-18 Sep-20

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 19 of 36

Page 20: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy OPEN blocks starting 2018

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Oct-18

2,641.25

65 %Unlimited0.00 %Oct-20

26.89 %3,351.60

6.81 %13.46 %124,812.04

3,154.93

-5.38 %23,476.05

2.16 %3,223.19

75 % 20.17 %

0 %

25 %

0.00 %

0.54 %

20.71 % 20.71 %

S&P 500®

Hang Seng

EURO STOXX®

Nov-18

2,743.79

65 %Unlimited0.00 %Nov-20

22.15 %3,351.60

5.90 %11.08 %226,682.56

3,168.29

-12.02 %23,476.05

1.73 %3,223.19

75 % 16.61 %

0 %

25 %

0.00 %

0.43 %

17.05 % 17.05 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-18

2,485.74

65 %Unlimited0.00 %Dec-20

34.83 %3,351.60

10.06 %18.27 %325,504.20

2,986.53

-7.95 %23,476.05

7.92 %3,223.19

75 % 26.12 %

0 %

25 %

0.00 %

1.98 %

28.11 % 28.11 %

S&P 500®

Hang Seng

EURO STOXX®

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy OPEN blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-19

2,643.85

65 %Unlimited0.00 %Jan-21

26.77 %3,351.60

7.89 %13.50 %427,576.96

3,137.27

-14.87 %23,476.05

2.74 %3,223.19

75 % 20.08 %

0 %

25 %

0.00 %

0.68 %

20.76 % 20.76 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-19

2,784.49

65 %Unlimited0.00 %Feb-21

20.37 %3,351.60

5.94 %9.56 %528,633.18

3,298.26

-18.01 %23,476.05

-2.28 %3,223.19

75 % 15.28 %

0 %

25 %

0.00 %

-0.57 %

14.71 % 14.71 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-19

2,815.44

65 %Unlimited0.00 %Mar-21

19.04 %3,351.60

5.79 %8.81 %628,775.21

3,320.29

-18.42 %23,476.05

-2.92 %3,223.19

75 % 14.28 %

0 %

25 %

0.00 %

-0.73 %

13.55 % 13.55 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-19

2,943.03

65 %Unlimited0.00 %Apr-21

13.88 %3,351.60

3.83 %5.47 %729,892.81

3,501.94

-21.47 %23,476.05

-7.96 %3,223.19

75 % 10.41 %

0 %

25 %

0.00 %

-1.99 %

8.42 % 8.42 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 20 of 36

Page 21: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy OPEN blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

May-19

2,802.39

65 %Unlimited0.00 %May-21

19.60 %3,351.60

6.64 %8.94 %827,390.81

3,348.86

-14.29 %23,476.05

-3.75 %3,223.19

75 % 14.70 %

0 %

25 %

0.00 %

-0.94 %

13.76 % 13.76 %

S&P 500®

Hang Seng

EURO STOXX®

Jun-19

2,941.76

65 %Unlimited0.00 %Jun-21

13.93 %3,351.60

4.47 %5.62 %928,542.62

3,473.69

-17.75 %23,476.05

-7.21 %3,223.19

75 % 10.45 %

0 %

25 %

0.00 %

-1.80 %

8.65 % 8.65 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-19

3,020.97

65 %Unlimited0.00 %Jul-21

10.94 %3,351.60

3.38 %3.95 %1028,106.41

3,523.58

-16.47 %23,476.05

-8.53 %3,223.19

75 % 8.21 %

0 %

25 %

0.00 %

-2.13 %

6.08 % 6.08 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-19

2,887.94

65 %Unlimited0.00 %Aug-21

16.06 %3,351.60

6.57 %7.14 %1125,615.48

3,365.38

-8.35 %23,476.05

-4.23 %3,223.19

75 % 12.04 %

0 %

25 %

0.00 %

-1.06 %

10.99 % 10.99 %

S&P 500®

Hang Seng

EURO STOXX®

Sep-19

2,976.74

65 %Unlimited0.00 %Sep-21

12.59 %3,351.60

4.56 %4.56 %1226,092.27

3,569.45

-10.03 %23,476.05

-9.70 %3,223.19

75 % 9.44 %

0 %

25 %

0.00 %

-2.43 %

7.02 % 7.02 %

S&P 500®

Hang Seng

EURO STOXX®

Oct-19

3,039.42

65 %Unlimited0.00 %Oct-21

10.27 %3,351.60

3.50 %3.20 %1326,891.26

3,625.69

-12.70 %23,476.05

-11.10 %3,223.19

75 % 7.70 %

0 %

25 %

0.00 %

-2.78 %

4.93 % 4.93 %

S&P 500®

Hang Seng

EURO STOXX®

Nov-19

3,153.63

65 %Unlimited0.00 %Nov-21

6.28 %3,351.60

1.20 %1.00 %1426,893.73

3,704.48

-12.71 %23,476.05

-12.99 %3,223.19

75 % 4.71 %

25 %

0 %

-3.18 %

0.00 %

1.53 % 1.53 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-19

3,221.29

65 %Unlimited0.00 %Dec-21

4.05 %3,351.60

0.00 %0.00 %1528,319.39

3,748.47

-17.10 %23,476.05

-14.01 %3,223.19

75 % 3.03 %

0 %

25 %

0.00 %

-3.50 %

-0.47 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 21 of 36

Page 22: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

2-Year Global Indexed Strategy OPEN blocks starting 2020

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-20

3,276.24

65 %Unlimited0.00 %Jan-22

2.30 %3,351.60

0.00 %0.00 %1627,949.64

3,719.22

-16.01 %23,476.05

-13.34 %3,223.19

75 % 1.73 %

0 %

25 %

0.00 %

-3.33 %

-1.61 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-20

2,954.22

65 %Unlimited0.00 %Feb-22

13.45 %3,351.60

10.57 %6.04 %1726,129.93

3,329.49

-10.16 %23,476.05

-3.19 %3,223.19

75 % 10.09 %

0 %

25 %

0.00 %

-0.80 %

9.29 % 9.29 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-20

2,626.65

65 %Unlimited0.00 %Mar-22

27.60 %3,351.60

34.89 %16.14 %1823,175.11

2,765.62

1.30 %23,476.05

16.54 %3,223.19

75 % 20.70 %

0 %

25 %

0.00 %

4.14 %

24.84 % 24.84 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-20

2,863.39

65 %Unlimited0.00 %Apr-22

17.05 %3,351.60

25.50 %9.93 %1924,575.96

2,932.06

-4.48 %23,476.05

9.93 %3,223.19

75 % 12.79 %

0 %

25 %

0.00 %

2.48 %

15.27 % 15.27 %

S&P 500®

Hang Seng

EURO STOXX®

May-20

3,029.73

60 %Unlimited0.00 %May-22

10.62 %3,351.60

17.11 %5.40 %2023,132.76

3,094.47

1.48 %23,476.05

4.16 %3,223.19

75 % 7.97 %

0 %

25 %

0.00 %

1.04 %

9.01 % 9.01 %

S&P 500®

Hang Seng

EURO STOXX®

Jun-20

3,053.24

60 %Unlimited0.00 %Jun-22

9.77 %3,351.60

18.60 %4.36 %2124,301.28

3,232.02

-3.40 %23,476.05

-0.27 %3,223.19

75 % 7.33 %

0 %

25 %

0.00 %

-0.07 %

7.26 % 7.26 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-20

3,218.44

60 %Unlimited0.00 %Jul-22

4.14 %3,351.60

9.32 %1.50 %2224,772.76

3,303.56

-5.23 %23,476.05

-2.43 %3,223.19

75 % 3.10 %

0 %

25 %

0.00 %

-0.61 %

2.49 % 2.49 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-20

3,508.01

60 %Unlimited0.00 %Aug-22

-4.46 %3,351.60

0.00 %0.00 %2325,422.06

3,315.54

-7.65 %23,476.05

-2.79 %3,223.19

25 % -1.11 %

0 %

75 %

0.00 %

-2.09 %

-3.20 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 22 of 36

Page 23: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2012

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

56.19 %

1,409.93

75 %Unlimited0.00 %

86.32 %2,627.04

9.33 %21,708.98

2,546.84

36.72 %29,680.85

40.70 %3,583.49

75 % 64.74 %

0 %

25 %

0.00 %

10.18 %

74.92 % 74.92 %Nov-12 Nov-17

S&P 500®

Hang Seng

EURO STOXX®

57.95 %

1,402.43

75 %Unlimited0.00 %

91.63 %2,687.54

9.57 %22,666.59

2,626.85

31.75 %29,863.71

34.16 %3,524.31

75 % 68.73 %

0 %

25 %

0.00 %

8.54 %

77.27 % 77.27 %Dec-12 Dec-17

S&P 500®

Hang Seng

EURO STOXX®

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2013

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

58.11 %

1,500.18

75 %Unlimited0.00 %

90.21 %2,853.53

9.59 %23,671.88

2,744.50

39.27 %32,966.89

32.74 %3,643.04

75 % 67.66 %

25 %

0 %

9.82 %

0.00 %

77.48 % 77.48 %Jan-13 Jan-18

S&P 500®

Hang Seng

EURO STOXX®

50.91 %

1,514.68

75 %Unlimited0.00 %

79.17 %2,713.83

8.58 %23,020.27

2,633.55

33.99 %30,844.72

30.58 %3,438.96

75 % 59.38 %

25 %

0 %

8.50 %

0.00 %

67.87 % 67.87 %Feb-13 Feb-18

S&P 500®

Hang Seng

EURO STOXX®

43.62 %

1,569.19

75 %Unlimited0.00 %

66.01 %2,605.00

7.51 %22,299.63

2,624.02

34.63 %30,022.53

26.95 %3,331.25

75 % 49.51 %

25 %

0 %

8.66 %

0.00 %

58.17 % 58.17 %Mar-13 Mar-18

S&P 500®

Hang Seng

EURO STOXX®

44.05 %

1,593.61

75 %Unlimited0.00 %

66.17 %2,648.05

7.57 %22,580.77

2,717.38

36.44 %30,808.45

30.14 %3,536.52

75 % 49.63 %

25 %

0 %

9.11 %

0.00 %

58.73 % 58.73 %Apr-13 Apr-18

S&P 500®

Hang Seng

EURO STOXX®

43.82 %

1,660.06

80 %Unlimited0.00 %

62.03 %2,689.86

7.54 %22,924.25

2,835.87

32.98 %30,484.58

20.88 %3,428.14

75 % 46.53 %

25 %

0 %

8.24 %

0.00 %

54.77 % 54.77 %May-13 May-18

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 23 of 36

Page 24: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2013

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

48.86 %

1,606.28

80 %Unlimited0.00 %

69.11 %2,716.31

8.28 %20,803.29

2,602.59

36.98 %28,497.32

29.31 %3,365.52

75 % 51.83 %

25 %

0 %

9.25 %

0.00 %

61.08 % 61.08 %Jun-13 Jun-18

S&P 500®

Hang Seng

EURO STOXX®

46.08 %

1,685.33

80 %Unlimited0.00 %

66.29 %2,802.60

7.87 %21,850.15

2,741.73

31.50 %28,733.13

28.11 %3,512.31

75 % 49.72 %

25 %

0 %

7.88 %

0.00 %

57.60 % 57.60 %Jul-13 Jul-18

S&P 500®

Hang Seng

EURO STOXX®

52.68 %

1,634.96

80 %Unlimited0.00 %

77.22 %2,897.52

8.83 %21,524.65

2,742.61

31.72 %28,351.62

25.70 %3,447.57

75 % 57.92 %

25 %

0 %

7.93 %

0.00 %

65.85 % 65.85 %Aug-13 Aug-18

S&P 500®

Hang Seng

EURO STOXX®

48.29 %

1,681.55

80 %Unlimited0.00 %

73.29 %2,913.98

8.20 %22,859.86

2,893.15

21.56 %27,788.52

17.49 %3,399.20

75 % 54.97 %

25 %

0 %

5.39 %

0.00 %

60.36 % 60.36 %Sep-13 Sep-18

S&P 500®

Hang Seng

EURO STOXX®

31.69 %

1,762.11

80 %Unlimited0.00 %

49.89 %2,641.25

5.66 %22,806.58

3,022.04

8.79 %24,812.04

4.40 %3,154.93

75 % 37.42 %

25 %

0 %

2.20 %

0.00 %

39.62 % 39.62 %Oct-13 Oct-18

S&P 500®

Hang Seng

EURO STOXX®

33.51 %

1,805.81

80 %Unlimited0.00 %

51.94 %2,743.79

5.95 %23,881.29

3,086.64

11.73 %26,682.56

2.65 %3,168.29

75 % 38.96 %

25 %

0 %

2.93 %

0.00 %

41.89 % 41.89 %Nov-13 Nov-18

S&P 500®

Hang Seng

EURO STOXX®

25.82 %

1,841.07

90 %Unlimited0.00 %

35.02 %2,485.74

4.70 %23,244.87

3,100.93

9.72 %25,504.20

-3.69 %2,986.53

75 % 26.26 %

25 %

0 %

2.43 %

0.00 %

28.69 % 28.69 %Dec-13 Dec-18

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 24 of 36

Page 25: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2014

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

37.81 %

1,792.50

90 %Unlimited0.00 %

47.50 %2,643.85

6.62 %21,960.64

3,038.60

25.57 %27,576.96

3.25 %3,137.27

75 % 35.62 %

25 %

0 %

6.39 %

0.00 %

42.01 % 42.01 %Jan-14 Jan-19

S&P 500®

Hang Seng

EURO STOXX®

39.29 %

1,859.45

90 %Unlimited0.00 %

49.75 %2,784.49

6.85 %22,836.96

3,149.23

25.38 %28,633.18

4.73 %3,298.26

75 % 37.31 %

25 %

0 %

6.35 %

0.00 %

43.66 % 43.66 %Feb-14 Feb-19

S&P 500®

Hang Seng

EURO STOXX®

41.65 %

1,857.62

90 %Unlimited0.00 %

51.56 %2,815.44

7.21 %22,065.53

3,172.43

30.41 %28,775.21

4.66 %3,320.29

75 % 38.67 %

25 %

0 %

7.60 %

0.00 %

46.27 % 46.27 %Mar-14 Mar-19

S&P 500®

Hang Seng

EURO STOXX®

46.65 %

1,869.43

90 %Unlimited0.00 %

57.43 %2,943.03

7.96 %22,132.53

3,165.84

35.06 %29,892.81

10.62 %3,501.94

75 % 43.07 %

25 %

0 %

8.77 %

0.00 %

51.84 % 51.84 %Apr-14 Apr-19

S&P 500®

Hang Seng

EURO STOXX®

35.75 %

1,909.78

90 %Unlimited0.00 %

46.74 %2,802.39

6.30 %23,080.03

3,246.24

18.68 %27,390.81

3.16 %3,348.86

75 % 35.05 %

25 %

0 %

4.67 %

0.00 %

39.72 % 39.72 %May-14 May-19

S&P 500®

Hang Seng

EURO STOXX®

38.99 %

1,960.23

90 %Unlimited0.00 %

50.07 %2,941.76

6.81 %23,190.72

3,228.24

23.08 %28,542.62

7.60 %3,473.69

75 % 37.55 %

25 %

0 %

5.77 %

0.00 %

43.32 % 43.32 %Jun-14 Jun-19

S&P 500®

Hang Seng

EURO STOXX®

38.93 %

1,978.91

90 %Unlimited0.00 %

52.66 %3,020.97

6.80 %24,428.63

3,171.55

15.06 %28,106.41

11.10 %3,523.58

75 % 39.49 %

25 %

0 %

3.76 %

0.00 %

43.26 % 43.26 %Jul-14 Jul-19

S&P 500®

Hang Seng

EURO STOXX®

31.56 %

1,996.74

90 %Unlimited0.00 %

44.63 %2,887.94

5.64 %24,741.00

3,164.44

3.53 %25,615.48

6.35 %3,365.38

75 % 33.47 %

0 %

25 %

0.00 %

1.59 %

35.06 % 35.06 %Aug-14 Aug-19

S&P 500®

Hang Seng

EURO STOXX®

36.87 %

1,977.80

90 %Unlimited0.00 %

50.51 %2,976.74

6.48 %23,229.21

3,186.95

12.33 %26,092.27

12.00 %3,569.45

75 % 37.88 %

25 %

0 %

3.08 %

0.00 %

40.96 % 40.96 %Sep-14 Sep-19

S&P 500®

Hang Seng

EURO STOXX®

40.22 %

1,985.05

90 %Unlimited0.00 %

53.12 %3,039.42

6.99 %23,520.36

3,036.15

14.33 %26,891.26

19.42 %3,625.69

75 % 39.84 %

0 %

25 %

0.00 %

4.85 %

44.69 % 44.69 %Oct-14 Oct-19

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 25 of 36

Page 26: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2014

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

38.60 %

2,067.56

90 %Unlimited0.00 %

52.53 %3,153.63

6.75 %23,987.45

3,250.93

12.12 %26,893.73

13.95 %3,704.48

75 % 39.40 %

0 %

25 %

0.00 %

3.49 %

42.88 % 42.88 %Nov-14 Nov-19

S&P 500®

Hang Seng

EURO STOXX®

40.81 %

2,090.57

90 %Unlimited0.00 %

54.09 %3,221.29

7.08 %23,773.18

3,185.17

19.12 %28,319.39

17.69 %3,748.47

75 % 40.57 %

25 %

0 %

4.78 %

0.00 %

45.35 % 45.35 %Dec-14 Dec-19

S&P 500®

Hang Seng

EURO STOXX®

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2015

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

45.75 %

2,002.16

90 %Unlimited0.00 %

63.64 %3,276.24

7.83 %24,861.81

3,358.96

12.42 %27,949.64

10.73 %3,719.22

75 % 47.73 %

25 %

0 %

3.10 %

0.00 %

50.83 % 50.83 %Jan-15 Jan-20

S&P 500®

Hang Seng

EURO STOXX®

27.80 %

2,117.39

90 %Unlimited0.00 %

39.52 %2,954.22

5.03 %24,887.44

3,591.09

4.99 %26,129.93

-7.28 %3,329.49

75 % 29.64 %

25 %

0 %

1.25 %

0.00 %

30.89 % 30.89 %Feb-15 Feb-20

S&P 500®

Hang Seng

EURO STOXX®

15.96 %

2,086.24

90 %Unlimited0.00 %

25.90 %2,626.65

3.01 %24,855.12

3,727.80

-6.76 %23,175.11

-25.81 %2,765.62

75 % 19.43 %

25 %

0 %

-1.69 %

0.00 %

17.74 % 17.74 %Mar-15 Mar-20

S&P 500®

Hang Seng

EURO STOXX®

20.84 %

2,114.76

90 %Unlimited0.00 %

35.40 %2,863.39

3.86 %28,442.75

3,715.42

-13.59 %24,575.96

-21.08 %2,932.06

75 % 26.55 %

25 %

0 %

-3.40 %

0.00 %

23.15 % 23.15 %Apr-15 Apr-20

S&P 500®

Hang Seng

EURO STOXX®

25.50 %

2,120.79

90 %Unlimited0.00 %

42.86 %3,029.73

4.65 %27,454.31

3,650.71

-15.74 %23,132.76

-15.24 %3,094.47

75 % 32.14 %

0 %

25 %

0.00 %

-3.81 %

28.33 % 28.33 %May-15 May-20

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 26 of 36

Page 27: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Index CreditRate

Indexed Strategy Information

GuaranteedMinimumInterest

Rate

IndexCap

ParticipationRate

BlockStartDate

BlockMaturity

Date

IndexChange

Rate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand Guar

Minimum Applied

ParticipationRate

Applied

AnnualEffective

Rate

Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy MATURED blocks starting 2015

BlockStartDate

BlockMaturity

DateIndex

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

31.22 %

2,057.64

90 %Unlimited0.00 %

48.39 %3,053.24

5.58 %25,966.98

3,468.90

-6.41 %24,301.28

-6.83 %3,232.02

75 % 36.29 %

25 %

0 %

-1.60 %

0.00 %

34.69 % 34.69 %Jun-15 Jun-20

S&P 500®

Hang Seng

EURO STOXX®

36.53 %

2,093.25

90 %Unlimited0.00 %

53.75 %3,218.44

6.43 %24,503.94

3,554.11

1.10 %24,772.76

-7.05 %3,303.56

75 % 40.31 %

25 %

0 %

0.27 %

0.00 %

40.59 % 40.59 %Jul-15 Jul-20

S&P 500®

Hang Seng

EURO STOXX®

55.52 %

1,988.87

90 %Unlimited0.00 %

76.38 %3,508.01

9.23 %21,612.39

3,286.59

17.63 %25,422.06

0.88 %3,315.54

75 % 57.29 %

25 %

0 %

4.41 %

0.00 %

61.69 % 61.69 %Aug-15 Aug-20

S&P 500®

Hang Seng

EURO STOXX®

55.16 %

1,881.77

90 %Unlimited0.00 %

78.11 %3,351.60

9.18 %21,186.32

3,039.44

10.81 %23,476.05

6.05 %3,223.19

75 % 58.58 %

25 %

0 %

2.70 %

0.00 %

61.28 % 61.28 %Sep-15 Sep-20

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 27 of 36

Page 28: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2015

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Oct-15

2,090.35

90 %Unlimited0.00 %Oct-20

60.34 %3,351.60

7.27 %41.24 %122,956.57

3,421.09

2.26 %23,476.05

-5.78 %3,223.19

75 % 45.25 %

25 %

0 %

0.57 %

0.00 %

45.82 % 45.82 %

S&P 500®

Hang Seng

EURO STOXX®

Nov-15

2,080.41

90 %Unlimited0.00 %Nov-20

61.10 %3,351.60

7.64 %42.76 %221,996.42

3,506.45

6.73 %23,476.05

-8.08 %3,223.19

75 % 45.83 %

25 %

0 %

1.68 %

0.00 %

47.51 % 47.51 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-15

2,056.50

90 %Unlimited0.00 %Dec-20

62.98 %3,351.60

8.00 %44.11 %321,919.62

3,256.49

7.10 %23,476.05

-1.02 %3,223.19

75 % 47.23 %

25 %

0 %

1.78 %

0.00 %

49.01 % 49.01 %

S&P 500®

Hang Seng

EURO STOXX®

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2016

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-16

1,893.36

90 %Unlimited0.00 %Jan-21

77.02 %3,351.60

10.15 %57.00 %419,195.83

2,979.42

22.30 %23,476.05

8.18 %3,223.19

75 % 57.76 %

25 %

0 %

5.57 %

0.00 %

63.34 % 63.34 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-16

1,932.23

90 %Unlimited0.00 %Feb-21

73.46 %3,351.60

9.99 %54.72 %519,111.93

2,945.75

22.83 %23,476.05

9.42 %3,223.19

75 % 55.09 %

25 %

0 %

5.71 %

0.00 %

60.80 % 60.80 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-16

2,037.05

90 %Unlimited0.00 %Mar-21

64.53 %3,351.60

8.94 %47.02 %620,345.61

2,986.73

15.39 %23,476.05

7.92 %3,223.19

75 % 48.40 %

25 %

0 %

3.85 %

0.00 %

52.25 % 52.25 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-16

2,075.81

90 %Unlimited0.00 %Apr-21

61.46 %3,351.60

8.55 %43.68 %721,388.03

3,125.43

9.76 %23,476.05

3.13 %3,223.19

75 % 46.09 %

25 %

0 %

2.44 %

0.00 %

48.54 % 48.54 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 28 of 36

Page 29: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2016

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

May-16

2,096.96

90 %Unlimited0.00 %May-21

59.83 %3,351.60

8.65 %43.26 %820,815.09

3,063.48

12.78 %23,476.05

5.21 %3,223.19

75 % 44.87 %

25 %

0 %

3.20 %

0.00 %

48.07 % 48.07 %

S&P 500®

Hang Seng

EURO STOXX®

Jun-16

2,036.09

90 %Unlimited0.00 %Jun-21

64.61 %3,351.60

9.56 %47.40 %920,172.46

2,758.67

16.38 %23,476.05

16.84 %3,223.19

75 % 48.46 %

0 %

25 %

0.00 %

4.21 %

52.67 % 52.67 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-16

2,170.06

90 %Unlimited0.00 %Jul-21

54.45 %3,351.60

8.17 %38.70 %1022,174.34

2,966.10

5.87 %23,476.05

8.67 %3,223.19

75 % 40.84 %

0 %

25 %

0.00 %

2.17 %

43.00 % 43.00 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-16

2,180.38

90 %Unlimited0.00 %Aug-21

53.72 %3,351.60

8.20 %37.94 %1122,821.34

2,998.50

2.87 %23,476.05

7.49 %3,223.19

75 % 40.29 %

0 %

25 %

0.00 %

1.87 %

42.16 % 42.16 %

S&P 500®

Hang Seng

EURO STOXX®

Sep-16

2,171.37

90 %Unlimited0.00 %Sep-21

54.35 %3,351.60

8.47 %38.43 %1223,619.65

2,991.11

-0.61 %23,476.05

7.76 %3,223.19

75 % 40.77 %

0 %

25 %

0.00 %

1.94 %

42.71 % 42.71 %

S&P 500®

Hang Seng

EURO STOXX®

Oct-16

2,126.41

90 %Unlimited0.00 %Oct-21

57.62 %3,351.60

8.96 %39.94 %1322,954.81

3,079.24

2.27 %23,476.05

4.67 %3,223.19

75 % 43.21 %

0 %

25 %

0.00 %

1.17 %

44.38 % 44.38 %

S&P 500®

Hang Seng

EURO STOXX®

Nov-16

2,201.72

90 %Unlimited0.00 %Nov-21

52.23 %3,351.60

8.52 %36.79 %1422,830.57

3,016.80

2.83 %23,476.05

6.84 %3,223.19

75 % 39.17 %

0 %

25 %

0.00 %

1.71 %

40.88 % 40.88 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-16

2,249.92

90 %Unlimited0.00 %Dec-21

48.97 %3,351.60

8.30 %34.83 %1521,754.74

3,278.72

7.91 %23,476.05

-1.69 %3,223.19

75 % 36.72 %

25 %

0 %

1.98 %

0.00 %

38.70 % 38.70 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 29 of 36

Page 30: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2017

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-17

2,280.90

90 %Unlimited0.00 %Jan-22

46.94 %3,351.60

7.82 %31.80 %1623,360.78

3,262.72

0.49 %23,476.05

-1.21 %3,223.19

75 % 35.21 %

25 %

0 %

0.12 %

0.00 %

35.33 % 35.33 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-17

2,363.64

90 %Unlimited0.00 %Feb-22

41.80 %3,351.60

7.12 %27.96 %1723,740.73

3,319.61

-1.11 %23,476.05

-2.90 %3,223.19

75 % 31.35 %

25 %

0 %

-0.28 %

0.00 %

31.07 % 31.07 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-17

2,358.57

90 %Unlimited0.00 %Mar-22

42.10 %3,351.60

7.22 %27.62 %1824,345.87

3,465.07

-3.57 %23,476.05

-6.98 %3,223.19

75 % 31.58 %

25 %

0 %

-0.89 %

0.00 %

30.68 % 30.68 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-17

2,384.20

90 %Unlimited0.00 %Apr-22

40.58 %3,351.60

7.08 %26.35 %1924,615.13

3,559.59

-4.63 %23,476.05

-9.45 %3,223.19

75 % 30.43 %

25 %

0 %

-1.16 %

0.00 %

29.27 % 29.27 %

S&P 500®

Hang Seng

EURO STOXX®

May-17

2,412.91

90 %Unlimited0.00 %May-22

38.90 %3,351.60

6.76 %24.36 %2025,639.27

3,561.22

-8.44 %23,476.05

-9.49 %3,223.19

75 % 29.18 %

25 %

0 %

-2.11 %

0.00 %

27.07 % 27.07 %

S&P 500®

Hang Seng

EURO STOXX®

Jun-17

2,440.69

90 %Unlimited0.00 %Jun-22

37.32 %3,351.60

6.65 %23.26 %2125,683.50

3,535.70

-8.59 %23,476.05

-8.84 %3,223.19

75 % 27.99 %

25 %

0 %

-2.15 %

0.00 %

25.84 % 25.84 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-17

2,472.10

90 %Unlimited0.00 %Jul-22

35.58 %3,351.60

6.60 %22.43 %2226,979.39

3,467.73

-12.99 %23,476.05

-7.05 %3,223.19

75 % 26.68 %

0 %

25 %

0.00 %

-1.76 %

24.92 % 24.92 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-17

2,444.24

90 %Unlimited0.00 %Aug-22

37.12 %3,351.60

7.16 %23.76 %2327,863.29

3,421.03

-15.75 %23,476.05

-5.78 %3,223.19

75 % 27.84 %

0 %

25 %

0.00 %

-1.45 %

26.40 % 26.40 %

S&P 500®

Hang Seng

EURO STOXX®

Sep-17

2,510.06

90 %Unlimited0.00 %Sep-22

33.53 %3,351.60

6.41 %20.48 %2427,421.60

3,563.64

-14.39 %23,476.05

-9.55 %3,223.19

75 % 25.15 %

0 %

25 %

0.00 %

-2.39 %

22.76 % 22.76 %

S&P 500®

Hang Seng

EURO STOXX®

Oct-17

2,572.83

90 %Unlimited0.00 %Oct-22

30.27 %3,351.60

5.76 %17.73 %2528,336.19

3,662.18

-17.15 %23,476.05

-11.99 %3,223.19

75 % 22.70 %

0 %

25 %

0.00 %

-3.00 %

19.70 % 19.70 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 30 of 36

Page 31: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2017

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Nov-17

2,627.04

90 %Unlimited0.00 %Nov-22

27.58 %3,351.60

5.49 %16.35 %2629,680.85

3,583.49

-20.91 %23,476.05

-10.05 %3,223.19

75 % 20.69 %

0 %

25 %

0.00 %

-2.51 %

18.17 % 18.17 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-17

2,687.54

90 %Unlimited0.00 %Dec-22

24.71 %3,351.60

5.13 %14.76 %2729,863.71

3,524.31

-21.39 %23,476.05

-8.54 %3,223.19

75 % 18.53 %

0 %

25 %

0.00 %

-2.14 %

16.40 % 16.40 %

S&P 500®

Hang Seng

EURO STOXX®

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2018

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-18

2,853.53

90 %Unlimited0.00 %Jan-23

17.45 %3,351.60

3.35 %9.19 %2832,966.89

3,643.04

-28.79 %23,476.05

-11.52 %3,223.19

75 % 13.09 %

0 %

25 %

0.00 %

-2.88 %

10.21 % 10.21 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-18

2,713.83

90 %Unlimited0.00 %Feb-23

23.50 %3,351.60

5.36 %14.45 %2930,844.72

3,438.96

-23.89 %23,476.05

-6.27 %3,223.19

75 % 17.63 %

0 %

25 %

0.00 %

-1.57 %

16.06 % 16.06 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-18

2,605.00

90 %Unlimited0.00 %Mar-23

28.66 %3,351.60

7.07 %18.62 %3030,022.53

3,331.25

-21.81 %23,476.05

-3.24 %3,223.19

75 % 21.50 %

0 %

25 %

0.00 %

-0.81 %

20.68 % 20.68 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-18

2,648.05

90 %Unlimited0.00 %Apr-23

26.57 %3,351.60

6.31 %15.94 %3130,808.45

3,536.52

-23.80 %23,476.05

-8.86 %3,223.19

75 % 19.93 %

0 %

25 %

0.00 %

-2.21 %

17.71 % 17.71 %

S&P 500®

Hang Seng

EURO STOXX®

May-18

2,689.86

90 %Unlimited0.00 %May-23

24.60 %3,351.60

6.28 %15.26 %3230,484.58

3,428.14

-22.99 %23,476.05

-5.98 %3,223.19

75 % 18.45 %

0 %

25 %

0.00 %

-1.49 %

16.96 % 16.96 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 31 of 36

Page 32: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2018

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jun-18

2,716.31

90 %Unlimited0.00 %Jun-23

23.39 %3,351.60

6.34 %14.84 %3328,497.32

3,365.52

-17.62 %23,476.05

-4.23 %3,223.19

75 % 17.54 %

0 %

25 %

0.00 %

-1.06 %

16.48 % 16.48 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-18

2,802.60

90 %Unlimited0.00 %Jul-23

19.59 %3,351.60

5.10 %11.37 %3428,733.13

3,512.31

-18.30 %23,476.05

-8.23 %3,223.19

75 % 14.69 %

0 %

25 %

0.00 %

-2.06 %

12.63 % 12.63 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-18

2,897.52

90 %Unlimited0.00 %Aug-23

15.67 %3,351.60

4.28 %9.11 %3528,351.62

3,447.57

-17.20 %23,476.05

-6.51 %3,223.19

75 % 11.75 %

0 %

25 %

0.00 %

-1.63 %

10.13 % 10.13 %

S&P 500®

Hang Seng

EURO STOXX®

Sep-18

2,913.98

90 %Unlimited0.00 %Sep-23

15.02 %3,351.60

4.39 %8.97 %3627,788.52

3,399.20

-15.52 %23,476.05

-5.18 %3,223.19

75 % 11.26 %

0 %

25 %

0.00 %

-1.29 %

9.97 % 9.97 %

S&P 500®

Hang Seng

EURO STOXX®

Oct-18

2,641.25

90 %Unlimited0.00 %Oct-23

26.89 %3,351.60

9.33 %18.64 %3724,812.04

3,154.93

-5.38 %23,476.05

2.16 %3,223.19

75 % 20.17 %

0 %

25 %

0.00 %

0.54 %

20.71 % 20.71 %

S&P 500®

Hang Seng

EURO STOXX®

Nov-18

2,743.79

90 %Unlimited0.00 %Nov-23

22.15 %3,351.60

8.10 %15.34 %3826,682.56

3,168.29

-12.02 %23,476.05

1.73 %3,223.19

75 % 16.61 %

0 %

25 %

0.00 %

0.43 %

17.05 % 17.05 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-18

2,485.74

90 %Unlimited0.00 %Dec-23

34.83 %3,351.60

13.75 %25.30 %3925,504.20

2,986.53

-7.95 %23,476.05

7.92 %3,223.19

75 % 26.12 %

0 %

25 %

0.00 %

1.98 %

28.11 % 28.11 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 32 of 36

Page 33: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-19

2,643.85

90 %Unlimited0.00 %Jan-24

26.77 %3,351.60

10.83 %18.69 %4027,576.96

3,137.27

-14.87 %23,476.05

2.74 %3,223.19

75 % 20.08 %

0 %

25 %

0.00 %

0.68 %

20.76 % 20.76 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-19

2,784.49

90 %Unlimited0.00 %Feb-24

20.37 %3,351.60

8.17 %13.24 %4128,633.18

3,298.26

-18.01 %23,476.05

-2.28 %3,223.19

75 % 15.28 %

0 %

25 %

0.00 %

-0.57 %

14.71 % 14.71 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-19

2,815.44

90 %Unlimited0.00 %Mar-24

19.04 %3,351.60

7.97 %12.20 %4228,775.21

3,320.29

-18.42 %23,476.05

-2.92 %3,223.19

75 % 14.28 %

0 %

25 %

0.00 %

-0.73 %

13.55 % 13.55 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-19

2,943.03

90 %Unlimited0.00 %Apr-24

13.88 %3,351.60

5.29 %7.58 %4329,892.81

3,501.94

-21.47 %23,476.05

-7.96 %3,223.19

75 % 10.41 %

0 %

25 %

0.00 %

-1.99 %

8.42 % 8.42 %

S&P 500®

Hang Seng

EURO STOXX®

May-19

2,802.39

90 %Unlimited0.00 %May-24

19.60 %3,351.60

9.15 %12.38 %4427,390.81

3,348.86

-14.29 %23,476.05

-3.75 %3,223.19

75 % 14.70 %

0 %

25 %

0.00 %

-0.94 %

13.76 % 13.76 %

S&P 500®

Hang Seng

EURO STOXX®

Jun-19

2,941.76

90 %Unlimited0.00 %Jun-24

13.93 %3,351.60

6.18 %7.78 %4528,542.62

3,473.69

-17.75 %23,476.05

-7.21 %3,223.19

75 % 10.45 %

0 %

25 %

0.00 %

-1.80 %

8.65 % 8.65 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-19

3,020.97

90 %Unlimited0.00 %Jul-24

10.94 %3,351.60

4.67 %5.47 %4628,106.41

3,523.58

-16.47 %23,476.05

-8.53 %3,223.19

75 % 8.21 %

0 %

25 %

0.00 %

-2.13 %

6.08 % 6.08 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-19

2,887.94

90 %Unlimited0.00 %Aug-24

16.06 %3,351.60

9.09 %9.89 %4725,615.48

3,365.38

-8.35 %23,476.05

-4.23 %3,223.19

75 % 12.04 %

0 %

25 %

0.00 %

-1.06 %

10.99 % 10.99 %

S&P 500®

Hang Seng

EURO STOXX®

Sep-19

2,976.74

95 %Unlimited0.00 %Sep-24

12.59 %3,351.60

6.67 %6.67 %4826,092.27

3,569.45

-10.03 %23,476.05

-9.70 %3,223.19

75 % 9.44 %

0 %

25 %

0.00 %

-2.43 %

7.02 % 7.02 %

S&P 500®

Hang Seng

EURO STOXX®

Oct-19

3,039.42

95 %Unlimited0.00 %Oct-24

10.27 %3,351.60

5.12 %4.68 %4926,891.26

3,625.69

-12.70 %23,476.05

-11.10 %3,223.19

75 % 7.70 %

0 %

25 %

0.00 %

-2.78 %

4.93 % 4.93 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 33 of 36

Page 34: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2019

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Nov-19

3,153.63

95 %Unlimited0.00 %Nov-24

6.28 %3,351.60

1.75 %1.45 %5026,893.73

3,704.48

-12.71 %23,476.05

-12.99 %3,223.19

75 % 4.71 %

25 %

0 %

-3.18 %

0.00 %

1.53 % 1.53 %

S&P 500®

Hang Seng

EURO STOXX®

Dec-19

3,221.29

95 %Unlimited0.00 %Dec-24

4.05 %3,351.60

0.00 %0.00 %5128,319.39

3,748.47

-17.10 %23,476.05

-14.01 %3,223.19

75 % 3.03 %

0 %

25 %

0.00 %

-3.50 %

-0.47 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2020

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jan-20

3,276.24

95 %Unlimited0.00 %Jan-25

2.30 %3,351.60

0.00 %0.00 %5227,949.64

3,719.22

-16.01 %23,476.05

-13.34 %3,223.19

75 % 1.73 %

0 %

25 %

0.00 %

-3.33 %

-1.61 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

Feb-20

2,954.22

95 %Unlimited0.00 %Feb-25

13.45 %3,351.60

15.60 %8.83 %5326,129.93

3,329.49

-10.16 %23,476.05

-3.19 %3,223.19

75 % 10.09 %

0 %

25 %

0.00 %

-0.80 %

9.29 % 9.29 %

S&P 500®

Hang Seng

EURO STOXX®

Mar-20

2,626.65

95 %Unlimited0.00 %Mar-25

27.60 %3,351.60

52.76 %23.59 %5423,175.11

2,765.62

1.30 %23,476.05

16.54 %3,223.19

75 % 20.70 %

0 %

25 %

0.00 %

4.14 %

24.84 % 24.84 %

S&P 500®

Hang Seng

EURO STOXX®

Apr-20

2,863.39

95 %Unlimited0.00 %Apr-25

17.05 %3,351.60

38.42 %14.51 %5524,575.96

2,932.06

-4.48 %23,476.05

9.93 %3,223.19

75 % 12.79 %

0 %

25 %

0.00 %

2.48 %

15.27 % 15.27 %

S&P 500®

Hang Seng

EURO STOXX®

May-20

3,029.73

95 %Unlimited0.00 %May-25

10.62 %3,351.60

27.93 %8.56 %5623,132.76

3,094.47

1.48 %23,476.05

4.16 %3,223.19

75 % 7.97 %

0 %

25 %

0.00 %

1.04 %

9.01 % 9.01 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 34 of 36

Page 35: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

BlockStartDate

BlockMaturity

Date

GuaranteedMinimumInterest

Rate

IndexIndexCap

ParticipationRate

BlockStartDate

09/28/2020Index

ChangeRate

IndexFactors

WeightedChange

Rate

Sum ofWeightedChange

Rate

Index Cap Rateand GuarMinimumApplied

Monthsto

Maturity

ParticipationRate

Applied

AnnualEffective

Rate

HypotheticalIndex Credit Rate

Indexed Strategy Information Weighted Index Change RateIndex Values

5-Year Global Indexed Strategy OPEN blocks starting 2020

The returns below assume no deductions are taken from this block.Values are displayed rounded to the nearest 0.00%. No rounding is performed between the calculation steps within the examples.

Jun-20

3,053.24

95 %Unlimited0.00 %Jun-25

9.77 %3,351.60

30.58 %6.90 %5724,301.28

3,232.02

-3.40 %23,476.05

-0.27 %3,223.19

75 % 7.33 %

0 %

25 %

0.00 %

-0.07 %

7.26 % 7.26 %

S&P 500®

Hang Seng

EURO STOXX®

Jul-20

3,218.44

95 %Unlimited0.00 %Jul-25

4.14 %3,351.60

15.09 %2.37 %5824,772.76

3,303.56

-5.23 %23,476.05

-2.43 %3,223.19

75 % 3.10 %

0 %

25 %

0.00 %

-0.61 %

2.49 % 2.49 %

S&P 500®

Hang Seng

EURO STOXX®

Aug-20

3,508.01

95 %Unlimited0.00 %Aug-25

-4.46 %3,351.60

0.00 %0.00 %5925,422.06

3,315.54

-7.65 %23,476.05

-2.79 %3,223.19

25 % -1.11 %

0 %

75 %

0.00 %

-2.09 %

-3.20 % 0.00 %

S&P 500®

Hang Seng

EURO STOXX®

Not valid without all pages.Page 35 of 36

Page 36: Index calculation examples Voya Indexed Universal Life ...Index calculation examples Page 1 of 35 Not valid without all pages. This report is designed for Voya Indexed Universal Life-Global

Other important informationWhile indexed universal life insurance policy values may be affected by anexternal index, your Policy:

Is not a variable product or any type of investment contract;

Does not buy or participate directly in any external index or indexes; and

Is not meant to be used as an investment vehicle.

Is not an investment in the stock market and doesn’t participate in any stock,equity or bond investments;

Notice regarding the impact of taking a policy loan or partial withdrawal froman index block before maturity

Policy loans or partial withdrawals may reduce or eliminate Index Credits, generate anincome tax liability, reduce available Surrender Value and reduce the death benefit, orcause the policy to lapse. For policies with the Early Cash Value Rider, policy loansand withdrawals may limit the benefits of the rider. Additionally, loans may limit yourability to make Elections to the Indexed Strategy. If a Traditional loan results inamounts being deducted from a Block prior to its Block Maturity Date, no Electionsfrom the Fixed Strategy to the Indexed Strategy will be processed in the 18 monthsfollowing the loan.

Voya Indexed Universal Life-Global Choice (the "Policy") IS A FLEXIBLE PREMIUM ADJUSTABLE UNIVERSAL LIFE INSURANCE POLICY THAT OFFERS A DEATH BENEFIT TO THEBENEFICIARIES OF THE POLICY AND MAY BE PURCHASED TO MEET LIFE INSURANCE NEEDS. WHILE THE POLICY SURRENDER VALUES MAY BE DETERMINED BY REFERENCE TO ANINDEX-LINKED CREDITING STRATEGY, SUCH SURRENDER VALUES SUPPORT THE DEATH BENEFIT OFFERED UNDER THE POLICY. THIS POLICY DOES NOT PARTICIPATE IN ANY INDEXFUND, STOCK, OR EQUITY INVESTMENTS. THIS POLICY IS NOT A VARIABLE CONTRACT OR AN INVESTMENT CONTRACT.Voya Indexed Universal Life-Global Choice, Policy form series #1186-09/12 has an equity Indexed feature, varies by state and may not be available in every state. It is issued by Security Life of DenverInsurance 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. Allguarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company who is solely responsible for the obligations under its own policies.EURO STOXX 50® Index - An Index of blue-chip stocks that are represented by 50 stocks covering the largest sector leaders in the EURO STOXX 50® Index. It does not reflect dividends payable on theunderlying stocks. STOXX Limited, Zurich, Switzerland and its licensors (the "Licensors") have no relationship to Security Life of Denver Insurance Company ("Security Life"), other than the licensing ofthe EURO STOXX 50® Index and the related trademarks for use in connection with the Policy. STOXX and its Licensors do not: (1) Sponsor, endorse, sell or promote the Policy; (2) Recommend that anyperson invest in the Policy or any securities; (3) Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Policy; (4) Have any responsibility or liability for theadministration, management or marketing of the Policy; or (5) Consider the needs of the Policy or the owners of the Policy in determining, composing or calculating the EURO STOXX 50® Index or haveany obligation to do so.Hang Seng Index (the "Index") is published and compiled by Hang Seng Indexes Company Limited pursuant to a license from Hang Seng Data Services Limited. The mark and name "Hang Seng Index"are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by Security Lifeof Denver Insurance Company ("Security Life") in connection with this indexed universal life insurance policy (the "Policy"), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANGSENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE POLICY OR ANY OTHER PERSON (i) THE ACCURACY ORCOMPLETENESS OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE INDEX OR ANYCOMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED INIT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS GIVEN OR MAY BE IMPLIED. The process andbasis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes CompanyLimited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENGDATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BY Security Life IN CONNECTION WITH THE POLICY; OR (ii) FOR ANY INACCURACIES,OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES,ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANYECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE POLICY OR ANY OTHER PERSON DEALING WITH THE POLICYAS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANGSENG DATA SERVICES LIMITED IN CONNECTION WITH THE POLICY IN ANY MANNER WHATSOEVER BY ANY BROKER, HOLDER OR OTHER PERSON DEALING WITH THE POLICY. Anybroker, holder or other person dealing with the Policy does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang SengData Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng IndexesCompany Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.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. Standard & Poor's®, S&P® and S&P 500® areregistered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks havebeen licensed for use by SPDJI and sublicensed for certain purposes by Security Life of Denver Insurance Company. Security Life of Denver Insurance Company's Indexed Universal Life Insuranceproducts are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing insuch product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.These unmanaged indexes are not intended to represent specific mutual funds. Investors cannot invest directly in an index. Individual results may vary due to management fees, transaction costs andtaxes. Performance figures do not take into account the fees and expenses of the product. Past performance is not a guarantee of future results.Most of the capitalized terms used in this document are defined in the "Terms to Understand" section of your Policy. Please refer to that section for further explanation about these terms.

©2017 Voya Services Company. All rights reserved. CN0717-43525-0820BT

165869

Not valid without all pages.Page 36 of 36