Voya Financial, Inc. (NYSE: VOYA), declared recently it has expanded its suite of fixed index annuity products by introducing the new Voya Journey Index Annuity. Its innovative design provides individuals with a simple “two stage” interest-crediting approach that offers full growth potential, while providing protection from market declines. The Voya Journey Index Annuity also features dynamic indices from J.P. Morgan and Citigroup — J.P. Morgan MeridianSM Index and Citi Dynamic Asset Selector 5 Excess Return Index — giving individuals the flexibility to use multiple crediting strategies to match their long-term financial aims.

“Americans are looking for new ways to grow and protect their retirement savings in recently’s uncertain world,” said Carolyn Johnson, CEO of Annuities and Individual Life at Voya Financial. “The Voya Journey Index Annuity gives individuals the ability to plan with confidence. They can enjoy the benefits of increasing their future retirement income and rest easy knowing that their hard-earned savings are protected from unpredictable market swings.”

The Voya Journey Index Annuity is a single-premium deferred fixed index annuity that offers individuals full participation in the growth, if any, of one or more dynamic indices over a seven-year period. Individuals have the option to select from two indices — J.P. Morgan MeridianSM Index and Citi Dynamic Asset Selector 5 Excess Return Index — which seek to adjust to market conditions to offer steady growth potential.

One of the distinguishing features of the Voya Journey Index Annuity is its simple “two stage” approach to growing retirement savings. In the first stage, the account value can earn an annual “performance” credit when the selected index stays above the initial level during the first six years. However, it’s the second stage where an individual can potentially earn more interest credit. At the end of the seventh year, 100% of the selected index gains over that seven-year period are credited to the original premium. The benefit of this strategy: A person can enjoy the full growth potential without fear of losing their original premium. Plus, an individual can benefit from tax-deferred growth, which is an inherent feature of any fixed index annuity.

“In recently’s low interest rate environment, the Voya Journey Index Annuity is a good alternative to taxable bank certificates or the volatility of bond mutual funds,” explained Johnson. “Individuals have the opportunity to potentially earn better returns and still have protection from market volatility.”

There is also a growing market for the Voya Journey Index Annuity. According to LIMRA sales data1, in the first nine months of 2016, fixed index annuity sales raised 22% contrast to the prior year. This highlights consumers’ interest in the benefits that products like the Voya Journey Index Annuity can offer Americans as they look for solutions to accumulate retirement savings and assist provide a dependable stream of income when they retire.

This new fixed index annuity is issued by the Voya Insurance and Annuity Company, a member of the Voya Financial family of companies. As an industry leader and advocate for greater retirement readiness, Voya Financial is committed to delivering on its vision to be America’s Retirement Company® and its mission to make a secure financial future possible — one person, one family, one institution at a time.



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