If you want to maximize your upside potential for retirement, a variable annuity can provide opportunities for growth and tax deferral.

Key Features

  • Higher upside potential than fixed index or fixed annuities
  • Control to select from diverse investment options
  • Tax-deferred growth—you don’t pay income tax until you take a withdrawal1
  • Ability to invest in all major asset classes


You should consider the investment objectives, risks and charges, and expenses of the variable annuity and its underlying investment options carefully before investing. The prospectuses for the variable annuity and underlying investment options contain this and other information. You may obtain free prospectuses by calling your financial professional or 800-366-0066. Please read the prospectuses carefully before investing.

Variable annuities are issued by Voya Insurance and Annuity Company (Des Moines, IA) and distributed by Directed Services LLC. Both are members of the Voya® family of companies.

A variable annuity is a long-term investment designed for retirement planning. It is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you. Additionally, variable annuities offer the opportunity to allocate premiums among fixed and variable investment options that have the potential to grow income tax-deferred, until an income stream begins. These payments, called annuity income, will begin either immediately or at a future date and a part of which may be the return of your premium or principal. This income is guaranteed by the issuing insurance company for a specified period of time or for the life of the annuitant.

Variable annuities are subject to investment risk, are not guaranteed and will fluctuate in value. In addition, there is no guarantee that any variable investment option will meet its stated objective.

IRAs and other qualified plans already provide tax deferral like that provided by an annuity. Additional features and benefits such as contract guarantees, death benefits and the ability to receive a lifetime income are contained within the annuity for a cost. Please be sure the features and costs of the annuity are right for you when considering the purchase of the annuity. Neither the company nor its agents or representatives can provide tax, legal or accounting advice. Please consult your attorney or tax advisor about your specific circumstances. The contract does not directly participate in any stock or equity products.

All guarantees are based on the financial strength and claims paying ability of  Voya Insurance and Annuity Company, who is solely responsible for all obligations under its polices.   

1Withdrawals may be subject to Federal/State income tax and, if taken prior to age 59½, an additional 10% Federal penalty tax.