Leaving a death benefit to your loved ones comes first. And with the reasonably-priced Voya VUL-DB, you could also start a college fund, supplement your retirement income, or provide extra financial protection for your business. That’s because you can potentially increase the tax-deferred cash value inside your policy using variable investment options from top financial firms.  

Key Features

  • Income tax-free death benefit1 paid to beneficiaries
  • Helps money inside your policy grow tax-deferred with variable investment options
  • Lower policy charges than many other variable universal life policies
  • Over 50 variable investment options managed by leading firms to choose from
  • Policy loans2 available so you can borrow from your policy
  • Solid asset allocation solutions each diversified to match your risk tolerance and investment time horizon
  •  Automatic rebalancing available to maintain your specified allocations
  • Dollar cost averaging3 so you can take advantage of market fluctuations
  • Issued by Security Life of Denver Insurance Company 

Suitable For

Individuals seeking:
  • Life insurance protection at an affordable price
  • Supplemental retirement income2
  • College funding
  • Preparation for potential health care expenses
  • Long-term wealth accumulation 
Business owners who want to:
  • Financially protect their business
  • Retain and reward outstanding executives 



0 – 90 (varies depending on underwriting) 

Minimum Target Death Benefit


State Availability

Not available in New York

Fees & Charges

Monthly Charges
  • Policy Charge
    Guaranteed to not exceed $13 per month.
  • Administrative Charge
    Varies by issue age, gender, underwriting class, risk class and segment year.
  • Cost of Insurance (COI) Charge
    Varies by issue age, gender, underwriting class, risk class and segment year.
  • Mortality & Expense (M&E) Charge
    • Based on amounts invested in variable investment options.
    • 0.40% annually in policy years 1-10; 0% thereafter. 
Premium Expense Charge

15% of premium in policy years 1-5, 5% in policy years 6-10, 3% thereafter Guaranteed not to exceed 15% 

Policy Transaction Fees
  • Partial Withdrawals
    $10 for each partial withdrawal. 
  • In-force Illustrations
    We reserve the right to charge $25 for each in-force illustration requested after the first in a policy year 
Surrender Charge

There will be a charge if you surrender your policy within 15 segment years.  


Guaranteed Interest Division: 2% guaranteed minimum credited rate per year 

Additional Details

Policy loans2 with fixed charged and credited rates are available any time after the first monthly processing date. 

Riders available 

  • Accelerated Benefit Rider
    provides a portion of the death benefit while you’re living if you’re diagnosed with a qualifying condition
  • Additional Insured Rider
    rovides term coverage on the additionally insured spouse or children 
  • Adjustable Term Insurance Rider
    allows you to plan for future growth by scheduling an increase to your coverage by adding term insurance
  • Guaranteed Death Benefit Rider
    provides a guarantee so that the policy will not lapse
  • Overloan Lapse Protection Rider
    can help prevent policy lapse as a result of policy loan indebtedness
  • Waiver of Cost of Insurance Rider
    can waive monthly cost of insurance and expense charges if diagnosed with a qualified disability
  • Waiver of Specified Premium Rider
    may credit a specified policy premium if diagnosed with a qualified disability  

Some riders cost extra and are subject to state limitations and availability.

This is a summary only. Please read the contract for complete details. 

1Proceeds from an insurance policy are generally income tax free and if properly structured, may also be free from estate tax.

2Policy loans and partial withdrawals may vary by state, may generate an income tax liability, reduce available surrender value and reduce the death benefit, or cause the policy to lapse.

Income tax free distributions are usually achieved by withdrawing to the cost basis (usually premiums paid), then using policy loans. This assumes the policy qualifies as life insurance, is not a modified endowment contract, is not lapsed or surrendered with an outstanding loan. Individual tax results may vary. You should consult your attorney or other tax advisor.

3Dollar cost averaging does not ensure a profit nor guarantee against loss.  

Next Steps

Additional Resources

Variable universal life insurance policies are sold by prospectus only. Before investing, carefully consider your need for life insurance coverage and the charges and expenses of the variable universal life insurance policy. Also consider the investment objectives, risks, fees, and charges of each underlying variable investment option. This and other information is contained in the prospectuses for the variable universal life insurance policy and the underlying variable investment options. Obtain these prospectuses from your registered representative, by calling 877-253-5050, or from Voya.com and read them carefully before investing.

Voya VUL-DB, policy form series 2521(VUL)-10/10,, may vary by state and may not be available in every state, is issued by Security Life of Denver Insurance Company (Denver, CO) and is distributed by Voya America Equities, Inc. Both are members of the Voya® family of companies.

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

All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company who is solely responsible for the obligations under its own policies.