Navigate your journey to and through retirement while you benefit from knowing your retirement money will last for as long as you need it. A Voya Quest 5 Index Annuity helps you grow your money tax deferred1 with earnings potential linked to the increase in an index or benchmark. It’s also an efficient way to make sure you receive income payments for life.2

Key Features

  • Tax deferred growth1—you don’t pay income tax until you take a withdrawal
  • Your annuity value will not  go down 
  • Credited interest rate linked to multiple index strategies
  • Fixed rate strategy provides a guaranteed interest credited rate4
  • Optional Return of Premium Rider guarantees you will get back all premiums paid if you surrender your annuity3
  • Flexible premium means you can make multiple premium payments when it works for you
  • No early withdrawal penalties after the fifth year 
  • Optional mylncome Withdrawal Benefit guarantees income for life (available for added cost)
  • Issued by Voya Insurance and Annuity Company

Suitable For

  • You’re at least five years away from retirement and still need to grow your retirement money
  • You can’t afford to risk losing the money you’ve already saved
  • You want to defer income tax on interest you earn now to keep your current tax bill lower1
  • You want to guarantee supplemental retirement income that lasts for life as Social Security and pensions may not be enough2 

Eligibility

Issue Ages

0-80 owner and annuitant

Premium
  • $15,000 minimum initial premium (subject to change without notice) 
  • No minimum premium per strategy
  • $1.5 million maximum premium without prior home office approval
  • Additional premium payments are credited with their own rate based on the new money rate in effect at the time the premium is received.
Availability

Not available in all states 

Fees & Charges

Surrender Charge
Contract Year 1 2 3 4 5 6+
% of Accumulation Value 8 7 6 5 4 0
  • The surrender charge is a percentage of the accumulation value surrendered that is associated with the premium and declines over time.
  • A Market Value Adjustment (MVA) may increase or decrease the amount of your surrender if more than the charge free amount is surrendered before the end of the 5th contract year.
  • Charges may differ for some states.

Additional Details

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.

2 Income payments for life are available if the Voya myIncome Withdrawal Benefit is elected.

3 If elected, credited rates applied to the contract will be less favorable than credited rates on the contract without the rider.

4 Guarantees are based on the claims-paying ability of Voya Insurance and Annuity Company (VIAC).

Contract Form Series: VI-IA-3147(2015) with Contract Schedule VI-IA-3147(2015)(5SC).

Contract is issued by Voya Insurance and Annuity Company (VIAC), Des Moines, IA.

This is a summary only. Read the contract for complete details. The product and its features may not be available in all states and are subject to change. Withdrawals may be subject to Federal/State income tax and, if taken prior to age 59½, an additional 10% Federal penalty tax. 

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