CUSIP Number:
92911R436
CUSIP Name:
7 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
Scrap Book:
The Voya Journey is a single premium deferred fixed index annuity with a market value adjustment. The minimum initial contribution is $15,000 for qualified and non-qualified funds. In the first contract year, interest only can be withdrawn from the Fixed Rate Strategy. After the first contract year, the owner can withdraw up to 5% of the accumulation value each contract year without a surrender charge or Market Value Adjustment. Systematic Withdrawal is an option. Surrender charges are seven years in duration, vary by state, and may be waived in the event of annuitization, death, entrance into a nursing home or hospital or diagnosis of a terminal illness. State variations my apply. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal additional tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC
Last Modified:
31 Jul 2023 11:00