Investment Performance

Variable annuities are long-term investment vehicles designed for retirement purposes which allow you to allocate contributions among variable investment options that have the potential to grow tax-deferred with an option to receive a stream of income at a later date. Early withdrawals from variable annuities may be subject to surrender charges, and if taken prior to age 59 1/2, a 10% IRS penalty may apply. Withdrawals will also reduce the applicable death benefit and cash surrender value/account value.

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

These numbers reflect total Separate Account charges of 0.12% on an annual basis. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

Depending upon the type of contract in which you participate, you have either received prospectuses and/or prospectus summaries for the separate account and the funds. You should consider the investment objectives, risks and charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the separate account and/or fund prospectuses may call their Voya representative or the number above. Please read the prospectus or prospectus summaries carefully before investing.

Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. The fund inception date indicates the inception date of the underlying investment portfolio, which may precede the portfolio's inclusion in the product.

Investment Options Asset Class 1 - Mo 3 - Mo YTD 1 - Yr 3 - Yr 5 - Yr 10 - Yr Incept Fund Inception Date Gross Fund Exp %* Net Fund Exp %*
Voya Government Money Market Portfolio - Class I - 003 (2) Stability of Principal 0.41 1.22 2.03 4.95 2.64 1.80 1.16 01/01/1980
Voya Fixed Plus Account II A - 4637 (1)(5) Stability of Principal 0.17 0.50 0.83 2.00 1.96 1.93 2.13
Voya Global Bond Portfolio - Initial Class - 422 Bonds 1.50 -0.41 -2.71 2.04 -6.49 -1.96 -0.19 11/08/2004
Voya High Yield Portfolio - Institutional Class - 1159 Bonds 1.14 1.39 1.45 9.70 0.96 3.40 3.77 05/03/2004
American Century Inflation-Adjusted Bond Fund - Inv Class - 1001 Bonds 1.75 0.75 -0.15 0.74 -1.92 1.51 1.29 02/10/1997
Voya Intermediate Bond Portfolio - Class I - 004 Bonds 1.70 0.36 -0.71 3.65 -2.92 0.17 1.68 05/23/1973
JPMorgan Government Bond Fund - Class I Shares - 7732 Bonds 1.55 -0.03 -1.42 0.40 -3.31 -0.68 0.77 05/31/2007
Voya Solution 2025 Portfolio - Initial Class - 790 (3) Asset Allocation 2.84 1.64 3.56 12.37 0.52 6.22 5.54 04/29/2005
Voya Solution 2030 Portfolio - Initial Class - 6753 (3) Asset Allocation 3.28 2.09 4.58 14.68 1.41 7.42 6.40 10/03/2011
Voya Solution 2035 Portfolio - Initial Class - 761 (3) Asset Allocation 3.50 2.45 5.58 17.20 2.12 8.36 6.79 04/29/2005
Voya Solution 2040 Portfolio - Initial Class - 6756 (3) Asset Allocation 3.81 2.89 6.70 19.46 2.80 9.58 7.56 10/03/2011
Voya Solution 2045 Portfolio - Initial Class - 764 (3) Asset Allocation 3.92 3.17 7.45 20.96 3.27 10.18 7.66 04/29/2005
Voya Solution 2050 Portfolio - Initial Class - 6759 (3) Asset Allocation 4.10 3.22 7.73 21.59 3.39 10.31 7.84 10/03/2011
Voya Solution 2055 Portfolio - Initial Class - 1166 (3) Asset Allocation 4.07 3.26 7.79 21.62 3.36 10.36 7.78 03/08/2010
Voya Solution 2060 Portfolio - Initial Class - 3290 (3) Asset Allocation 4.15 3.30 7.82 21.66 3.37 10.30 8.00 02/09/2015
Voya Solution 2065 Portfolio - Initial Class - E479 Asset Allocation 4.18 3.30 7.96 21.92 3.48 10.12 07/29/2020
Voya Solution Income Portfolio - Initial Class - 767 (3) Asset Allocation 2.46 1.14 1.91 8.54 -0.33 4.09 3.95 04/29/2005
Voya Global Perspectives® Portfolio - Class I - 3911 Balanced 2.71 1.25 2.18 9.02 -1.59 4.54 4.05 04/25/2013
Calvert VP SRI Balanced Portfolio - 101 Balanced 4.46 3.18 8.38 20.14 4.81 9.57 7.71 09/02/1986
VY® T. Rowe Price Capital Appreciation Portfolio - Service - 788 Balanced 2.39 1.57 4.74 15.74 5.70 10.95 10.09 01/24/1989
VY® Invesco Equity and Income Portfolio - Initial Class - 452 Balanced 1.77 2.27 5.22 17.09 3.60 9.23 7.06 12/10/2001
American Funds Washington Mutual Investors Fund - Class R-4 - 819 Large Cap Value/Blend 3.21 2.63 8.26 23.89 8.71 13.14 10.78 07/31/1952
Fidelity® VIP Index 500 Portfolio - Initial Class - 131 Large Cap Value/Blend 4.94 3.85 11.19 27.91 9.32 15.54 12.44 08/27/1992
Parnassus Core Equity FundSM - Investor Shares - 2228 Large Cap Value/Blend 2.83 1.35 7.63 23.00 7.25 14.34 11.66 08/31/1992
Voya Growth and Income Portfolio - Class I - 001 Large Cap Value/Blend 3.91 2.18 11.35 29.20 10.10 16.24 11.91 12/31/1979
Fidelity® VIP Equity-Income Portfolio - Initial Class - 108 Large Cap Value/Blend 3.49 5.96 10.12 23.38 7.17 12.30 9.00 10/09/1986
JPMorgan Equity Income Fund - Class I Shares - 3420 Large Cap Value/Blend 2.21 3.22 6.20 18.13 5.19 10.33 9.25 07/02/1987
Pioneer Equity Income Fund - Class Y Shares - 1332 Large Cap Value/Blend 1.35 2.41 4.66 16.28 3.55 8.70 8.15 07/25/1990
American Funds The Growth Fund of America® - Class R-4 - 572 Large Cap Growth 4.05 2.58 11.94 33.45 5.62 15.04 12.58 12/01/1973
Fidelity® VIP Contrafund Portfolio - Initial Class - 133 Large Cap Growth 6.69 5.70 19.54 39.42 11.11 17.86 13.07 01/03/1995
Voya Large Cap Growth Portfolio - Institutional Class - 742 Large Cap Growth 6.00 2.82 16.46 35.71 8.53 15.34 13.45 05/03/2004
VY® T. Rowe Price Growth Equity Portfolio - Initial Class - 111 Large Cap Growth 5.92 2.65 13.30 32.23 3.12 13.27 12.93 11/28/1997
Voya Russell™ Mid Cap Index Portfolio - Class I - 1560 Small/Mid/Specialty 2.81 1.37 5.45 22.55 2.61 10.54 8.93 03/04/2008
Voya MidCap Opportunities Portfolio - Class I - 081 Small/Mid/Specialty 0.94 -3.82 4.66 20.44 1.33 11.34 10.30 05/05/2000
VY® T. Rowe Price Diversified Mid Cap Growth Port - Initial - 449 Small/Mid/Specialty 1.28 -2.17 6.23 20.53 2.32 10.86 11.20 12/10/2001
Wanger Acorn - 821 Small/Mid/Specialty 1.53 -1.80 3.77 16.95 -4.58 5.48 7.64 05/03/1995
Victory Sycamore Established Value Fund - Class A - 2798 Small/Mid/Specialty 2.58 2.57 6.20 21.11 5.81 13.07 10.64 05/05/2000
VY® American Century Small-Mid Cap Value Portfolio- Initial - 434 Small/Mid/Specialty 2.66 3.00 2.98 16.68 3.31 10.40 8.76 05/01/2002
VY® JPMorgan Mid Cap Value Portfolio - Initial Class - 429 Small/Mid/Specialty 2.68 2.01 6.18 23.25 3.93 9.71 8.01 05/01/2002
Voya Russell™ Small Cap Index Portfolio - Class I - 1563 Small/Mid/Specialty 4.99 1.00 2.44 19.63 -2.09 8.13 7.23 03/04/2008
Voya Small Company Portfolio - Class I - 042 Small/Mid/Specialty 5.44 2.21 0.09 18.01 -0.81 7.71 7.01 12/27/1996
Voya SmallCap Opportunities Portfolio - Class I - 080 Small/Mid/Specialty 7.01 4.34 11.03 28.74 1.01 8.89 7.53 05/06/1994
Franklin Small Cap Value VIP Fund - Class 2 - 073 Small/Mid/Specialty 4.86 3.73 3.87 21.58 1.60 10.72 7.29 05/01/1998
VY® CBRE Global Real Estate Portfolio - Institutional Class - 1613 Small/Mid/Specialty 3.65 0.17 -3.55 8.98 -2.12 2.52 3.00 01/03/2006
Driehaus Emerging Markets Growth Fund - Inst Sh Class - C601 Global / International 2.16 4.26 8.25 18.81 -4.31 6.30 4.40 12/31/1997
Voya International Index Portfolio - Class I - 1551 Global / International 5.10 4.99 7.43 18.10 2.67 7.72 4.24 03/04/2008
American Funds EuroPacific Growth Fund® - Class R-4 - 573 Global / International 3.40 4.18 7.93 16.18 -2.54 7.11 4.95 04/16/1984
Invesco EQV International Equity Fund - Class R5 - 8506 Global / International 3.25 0.34 3.43 12.58 -0.59 6.55 4.08 03/15/2002
Voya Intl High Dividend Low Volatility Port - Initial Class - 1586 Global / International 4.51 6.69 6.89 18.26 4.00 6.31 2.81 01/03/2006
American Funds New Perspective Fund® - Class R-4 - 818 Global / International 4.29 3.39 9.07 22.57 2.89 12.97 10.31 03/13/1973
Voya Global Insights Portfolio - Initial Class - 432 Global / International 5.26 5.54 5.22 18.61 0.22 10.25 8.39 05/01/2002
American Funds SMALLCAP World Fund® - Class R-4 - 1445 Global / International 3.51 -0.36 1.12 13.86 -5.25 7.74 7.59 07/24/2002

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

These numbers reflect total Separate Account charges of 0.12% on an annual basis. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

Returns less than one year are not annualized. VAA Inception Date is the date on which contributions were first received in this fund under the Variable Annuity Account, and is the date used in calculating the periodic returns.

Investment Options Asset Class 1 - Mo 3 - Mo YTD 1 - Yr 3 - Yr 5 - Yr 10 - Yr Incept Fund Inception Date Gross Fund Exp %* Net Fund Exp %*
Voya Government Money Market Portfolio - Class I - 003 (2) Stability of Principal 0.41 1.21 1.21 4.88 2.36 1.71 1.08 09/30/1975
Voya Global Bond Portfolio - Initial Class - 422 Bonds 0.73 -1.59 -1.59 1.68 -5.33 -1.47 0.09 03/23/2005
Voya High Yield Portfolio - Institutional Class - 1159 Bonds 1.13 1.19 1.19 9.26 1.34 3.43 3.87 05/10/2006
American Century Inflation-Adjusted Bond Fund - Inv Class - 1001 Bonds 0.77 -0.13 -0.13 -0.65 -1.03 1.92 1.61 05/11/2009
Voya Intermediate Bond Portfolio - Class I - 004 Bonds 1.03 -0.05 -0.05 3.91 -2.27 0.70 1.98 05/31/1978
JPMorgan Government Bond Fund - Class I Shares - 7732 Bonds 0.76 -0.64 -0.64 0.78 -2.74 -0.16 1.03 11/05/2012
Voya Solution 2025 Portfolio - Initial Class - 790 (3) Asset Allocation 1.97 3.90 3.90 12.22 1.91 6.10 5.78 09/04/2012
Voya Solution 2030 Portfolio - Initial Class - 6753 (3) Asset Allocation 2.25 4.75 4.75 14.49 0.58 01/10/2022
Voya Solution 2035 Portfolio - Initial Class - 761 (3) Asset Allocation 2.58 5.71 5.71 17.07 3.71 7.98 7.04 09/04/2012
Voya Solution 2040 Portfolio - Initial Class - 6756 (3) Asset Allocation 2.85 6.66 6.66 19.21 1.19 12/27/2021
Voya Solution 2045 Portfolio - Initial Class - 764 (3) Asset Allocation 2.99 7.26 7.26 20.60 4.99 9.61 7.89 09/04/2012
Voya Solution 2050 Portfolio - Initial Class - 6759 (3) Asset Allocation 3.05 7.55 7.55 21.19 3.20 12/06/2021
Voya Solution 2055 Portfolio - Initial Class - 1166 (3) Asset Allocation 3.11 7.63 7.63 21.31 5.12 9.75 8.01 09/14/2012
Voya Solution 2060 Portfolio - Initial Class - 3290 (3) Asset Allocation 3.06 7.57 7.57 21.24 1.77 12/27/2021
Voya Solution 2065 Portfolio - Initial Class - E479 Asset Allocation 3.04 7.70 7.70 21.47 2.86 12/13/2021
Voya Solution Income Portfolio - Initial Class - 767 (3) Asset Allocation 1.55 2.33 2.33 8.41 0.67 4.26 4.20 09/04/2012
Voya Global Perspectives® Portfolio - Class I - 3911 Balanced 2.09 3.03 3.03 8.83 -0.26 4.50 4.28 05/12/2014
Calvert VP SRI Balanced Portfolio - 101 Balanced 2.00 7.14 7.14 19.29 6.00 9.41 7.87 05/31/1989
VY® T. Rowe Price Capital Appreciation Portfolio - Service - 788 Balanced 1.89 5.07 5.07 17.09 7.47 11.06 10.42 05/05/2005
VY® Invesco Equity and Income Portfolio - Initial Class - 452 Balanced 3.90 6.89 6.89 17.25 5.80 9.18 7.39 03/22/2005
American Funds Washington Mutual Investors Fund - Class R-4 - 819 Large Cap Value/Blend 3.42 9.10 9.10 26.36 11.33 12.85 11.18 05/03/2004
Fidelity® VIP Index 500 Portfolio - Initial Class - 131 Large Cap Value/Blend 3.20 10.49 10.49 29.61 11.24 14.79 12.71 05/31/1995
Parnassus Core Equity FundSM - Investor Shares - 2228 Large Cap Value/Blend 3.54 9.96 9.96 27.63 9.88 14.66 12.47 09/28/2011
Voya Growth and Income Portfolio - Class I - 001 Large Cap Value/Blend 3.29 12.56 12.56 32.15 13.03 16.28 12.32 05/01/1975
Fidelity® VIP Equity-Income Portfolio - Initial Class - 108 Large Cap Value/Blend 4.93 9.05 9.05 19.89 9.33 11.59 9.15 05/31/1994
JPMorgan Equity Income Fund - Class I Shares - 3420 Large Cap Value/Blend 4.29 7.30 7.30 14.95 7.90 10.13 9.71 08/11/2014
Pioneer Equity Income Fund - Class Y Shares - 1332 Large Cap Value/Blend 5.76 8.08 8.08 15.36 6.93 8.41 8.82 09/17/2012
American Funds The Growth Fund of America® - Class R-4 - 572 Large Cap Growth 3.10 12.51 12.51 38.69 7.44 14.49 12.90 05/03/2004
Fidelity® VIP Contrafund Portfolio - Initial Class - 133 Large Cap Growth 3.33 16.87 16.87 42.37 12.74 16.96 13.02 05/31/1995
Voya Large Cap Growth Portfolio - Institutional Class - 742 Large Cap Growth 1.61 15.09 15.09 41.86 9.77 14.66 13.80 06/18/2010
VY® T. Rowe Price Growth Equity Portfolio - Initial Class - 111 Large Cap Growth 1.78 12.34 12.34 41.25 4.54 12.53 13.02 11/28/1997
Voya Russell™ Mid Cap Index Portfolio - Class I - 1560 Small/Mid/Specialty 4.22 8.41 8.41 21.70 5.54 10.56 9.39 05/15/2008
Voya MidCap Opportunities Portfolio - Class I - 081 Small/Mid/Specialty 1.25 10.18 10.18 27.35 4.37 12.54 10.89 08/02/2001
VY® T. Rowe Price Diversified Mid Cap Growth Port - Initial - 449 Small/Mid/Specialty 2.31 11.09 11.09 24.51 4.86 11.78 11.59 12/26/2002
Wanger Acorn - 821 Small/Mid/Specialty 3.61 9.50 9.50 20.92 -3.06 6.00 7.96 05/03/2004
Victory Sycamore Established Value Fund - Class A - 2798 Small/Mid/Specialty 5.37 9.09 9.09 17.89 9.52 13.16 12.33 05/19/2016
VY® American Century Small-Mid Cap Value Portfolio- Initial - 434 Small/Mid/Specialty 4.81 4.79 4.79 12.42 5.83 10.34 9.04 09/19/2011
VY® JPMorgan Mid Cap Value Portfolio - Initial Class - 429 Small/Mid/Specialty 4.96 9.25 9.25 21.36 7.51 9.69 8.53 09/14/2012
Voya Russell™ Small Cap Index Portfolio - Class I - 1563 Small/Mid/Specialty 3.49 4.97 4.97 19.16 -0.58 7.60 7.16 05/15/2008
Voya Small Company Portfolio - Class I - 042 Small/Mid/Specialty 3.31 1.16 1.16 14.80 0.90 7.04 6.87 05/30/1997
Voya SmallCap Opportunities Portfolio - Class I - 080 Small/Mid/Specialty 3.56 10.19 10.19 24.74 1.27 7.60 7.10 08/03/2001
Franklin Small Cap Value VIP Fund - Class 2 - 073 Small/Mid/Specialty 4.73 4.87 4.87 15.82 3.57 9.66 7.26 08/31/2001
VY® CBRE Global Real Estate Portfolio - Institutional Class - 1613 Small/Mid/Specialty 3.12 -0.71 -0.71 9.14 1.78 2.93 3.98 09/05/2008
Driehaus Emerging Markets Growth Fund - Inst Sh Class - C601 Global / International 2.62 6.55 6.55 13.72 11.25 02/15/2023
Voya International Index Portfolio - Class I - 1551 Global / International 3.25 5.64 5.64 14.56 4.34 6.89 4.39 05/13/2008
American Funds EuroPacific Growth Fund® - Class R-4 - 573 Global / International 3.59 7.32 7.32 12.95 -0.63 6.41 5.09 05/03/2004
Invesco EQV International Equity Fund - Class R5 - 8506 Global / International 1.19 4.30 4.30 11.73 1.01 6.25 4.52 11/30/2012
Voya Intl High Dividend Low Volatility Port - Initial Class - 1586 Global / International 4.21 4.40 4.40 14.14 4.99 5.66 2.83 04/25/2008
American Funds New Perspective Fund® - Class R-4 - 818 Global / International 2.70 8.35 8.35 22.35 4.73 12.25 10.44 05/03/2004
Voya Global Insights Portfolio - Initial Class - 432 Global / International 4.44 4.13 4.13 21.15 2.30 9.23 8.53 03/22/2005
American Funds SMALLCAP World Fund® - Class R-4 - 1445 Global / International 1.87 3.38 3.38 15.38 -2.83 8.03 7.77 05/15/2008

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

(1) The current rate for the Voya Fixed Plus Account II A MC 904, Fund 4637 is 2.00%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 1.25% through 12/31/2024. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company.

(2) YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $1.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME.

(3) There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when you plan to start withdrawing your money. When your target date is reached, you may have more or less than the original amount invested. For each target date Portfolio, until the day prior to its Target Date, the Portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each Portfolio's designation Target Year. Prior to choosing a Target Date Portfolio, investors are strongly encouraged to review and understand the Portfolio's objectives and its composition of stocks and bonds, and how the asset allocation will change over time as the target date nears. No two investors are alike and one should not assume that just because they intend to retire in the year corresponding to the Target Date that that specific Portfolio is appropriate and suitable to their risk tolerance. It is recommended that an investor consider carefully the possibility of capital loss in each of the target date Portfolios, the likelihood and magnitude of which will be dependent upon the Portfolio's asset allocation. On the Target Date, the portfolio will seek to provide a combination of total return and stability of principal. The Voya Solution / Target Date PortfoliosSM are actively managed and the asset allocation adjusted over time. The portfolios may merge with or change to other portfolios over time. Refer to the prospectus for more information about the specific risks of investing in the various asset classes included in the The Voya Solution / Target Date PortfoliosSM. Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small and midcap stocks may be more volatile than large cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio.

(4) The current yield reflects the deduction of all charges that are deducted from the total return quotations shown.

(5) The Investment Option is not part of the Separate Account. The returns listed do not include the impact of contract charges. Please refer to the contract to determine which Fixed Interest Options are available for your specific plan.

You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses/prospectus summaries containing this and other information can be obtained by contacting your local  representative. Please read the information carefully before investing.

Variable annuities are intended as long-term investments designed for retirement purposes. Withdrawals from an annuity may be subject to an early withdrawal fee and, if taken prior to age 59½, an IRS 10% premature distribution penalty tax will apply, unless an IRS exception applies. Money taken from the annuity will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits.

For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue Code withdrawal restrictions apply to ‘88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant’s severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability.