PART I

INFORMATION REQUIRED IN PROSPECTUS

Voya Select Rate

Single Premium Deferred Modified Guaranteed Annuity Contracts

Issued By Voya Retirement Insurance and Annuity Company

This prospectus sets forth the information you ought to know before investing.  You should keep the prospectus for future reference.  Additional information has been filed with the Securities and Exchange Commission (“SEC”) and is available upon written or oral request without charge.  The Contract will no longer be available for purchase after May 31, 2018.

The SEC maintains a web site (www.sec.gov) that contains material incorporated by reference, and other information about us, which we file electronically.  The reference number assigned to this prospectus is 333-__________.

The allocation options available under the Contract are Guarantee Periods.  A Guarantee Period is equal to one or more Contract Years during which a declared Guarantee Period Interest Rate is guaranteed to be credited to the Single Premium or Accumulation Value, as applicable.  See page .  The following Guarantee Periods are currently available:

The SEC has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

RIGHT TO EXAMINE AND RETURN THIS CONTRACT PERIOD:  You may return the contract within 10 days of its receipt (or longer as state law may require or when issued as a replacement contract).  If so returned, we will promptly pay you the Accumulation Value, adjusted for any Market Value Adjustment, where permitted.  See page .

PLEASE REFER TO PAGE 5 OF THIS PROSPECTUS FOR A DISCUSSION OF THE RISK FACTORS ASSOCIATED WITH THE CONTRACT.

EXCHANGES:  Your agent should only recommend an exchange (replacement) if it is in your best interest and only after evaluating your personal and financial situation and needs, tolerance for risk and financial ability to pay for the contract.

Contents

Glossary

This glossary defines the special terms used throughout the prospectus.  A special term used in only one section of the prospectus is defined there.  The page references are to sections of the prospectus where more information can be found about a special term.

Accumulation Value – On the Contract Date, the Single Premium less any premium tax, if applicable.  At the end of each day thereafter, the Accumulation Value equals the Accumulation Value as of the end of the preceding day plus the interest, if any, pursuant to the Guaranteed Period Interest Rate, which is credited from the end of the previous day to the end of the current day, minus the amount of any Withdrawals or Surrender, adjusted for any applicable Market Value Adjustment, and less any applicable Surrender Charge, at the end of the current day on which the Withdrawal is taken or a Surrender occurs.  See page .

Annuitant – The individual designated by you and upon whose life Annuity Payments will be based.  There may be two Annuitants.  See page .

Annuity Commencement Date – The date on which Annuity Payments commence.

Annuity Payments – Periodic payments made by us to you or, subject to our consent in the event the payee is not a natural person, to a payee designated by you.

Annuity Plan – An option elected by you, or the contractually designated default option if none is elected, that determines the frequency, duration and amount of the Annuity Payments.  See page .

Beneficiary – The individual or entity you select to receive the Death Benefit.  See page .

Business Day – Any day that the New York Stock Exchange (“NYSE”) is open for trading, exclusive of federal holidays, or any day the SEC requires that mutual funds, unit investment trusts or other investment portfolios be valued.

Cash Surrender Value – The amount you receive upon Surrender of this Contract, which equals the Accumulation Value, as adjusted for any applicable Market Value Adjustment, minus any applicable Surrender Charges.  See page .

Company, we, our or us – Voya Retirement Insurance and Annuity Company, a stock company domiciled in Connecticut.  See page .

Company Death Benefit Rate – The effective annual interest rate that we will credit to the Death Benefit from the date of death until the Death Benefit is paid.  See page .

Contingent Annuitant – The individual who is not an Annuitant and will become the Annuitant if all named Annuitants die prior to the Annuity Commencement Date and the Death Benefit is not otherwise payable.  See page 10.

Contract – This single premium modified guaranteed annuity contract.

Contract Anniversary – The same day and month each year as the Contract Date.  If the Contract Date is February 29^th, in non-leap years, the Contract Anniversary shall be March 1^st.

Contract Date – The date on which this Contract becomes effective.

Contract Year – The period beginning on a Contract Anniversary (or, in the first Contract Year only, beginning on the Contract Date) and ending on the day preceding the next Contract Anniversary.

Death Benefit – The amount payable to the Beneficiary upon death of any Owner (or, if the Owner is not a natural person, upon the death of any Annuitant) prior to the Annuity Commencement Date.  See page .

Endorsements – Attachments to this Contract that add, change or supersede its terms or provisions.

Guarantee Period – A period equal to one or more Contract Years during which the Guarantee Period Interest Rate we declare is guaranteed to be credited to the Accumulation Value.  See page .

Guarantee Period Interest Rate – The effective annual interest rate that we will credit to the Accumulation Value for a specified Guaranteed Period.  The rate for each Guarantee Period will be declared in advance by us, and, except as otherwise provided in the Contract, will apply for the duration of the Guarantee Period.  See page .

Summary – Contract Charges and Risk Factors

You will pay no charges in buying or owning the Contract.  A Surrender Charge will apply to certain Withdrawals and to a Surrender, but only during the Guarantee Period you select for the Single Premium (which we refer to as the Initial Guarantee Period), according to the schedule below.  The rate of the Surrender Charge is a percentage of the Accumulation Value being withdrawn that diminishes each Contract Year.  The length of time the Surrender Charge will apply varies with the duration of the Initial Guarantee Period.  The Surrender Charge is deducted from the Accumulation Value.

The Surrender Charge schedule does not restart when your Contract renews into another Guarantee Period.  You will pay no Surrender Charge once the Surrender Charge is zero after the first time your Contract renews into another Guarantee Period.  We will deduct any Surrender Charge after the MVA is applied.  See page .  A charge for premium taxes may also be deducted.  See page .

Purchasing the Contract involves certain risks as noted below.  You should also carefully consider your personal tax situation before you purchase a Contract.  See page  for a general discussion of the federal income tax treatment of the Contract.

Liquidity Risk – The Contract is designed for long-term investment and should be held for the length of the Initial Guarantee Period or the Guarantee Period, as applicable.  The Interest Withdrawal Amount provides some liquidity.  However, if you withdraw more than the Interest Withdrawal Amount, a Surrender Charge may apply during the Initial Guarantee Period, which in combination with the MVA, could result in the loss of principal and earnings.  Because the Contract provides only limited liquidity during the Surrender Charge period, it is not suitable for short-term investment.

You may request a Withdrawal or Surrender the Contract by providing Notice to Us at any time prior to the Annuity Commencement Date.  Notice to Us that is received before the close of business on any Business Day will be processed the same day; otherwise, the Withdrawal or Surrender will be taken as of the close of business on the next Business Day.  We will generally pay the Cash Surrender Value within seven days of receipt of Notice to Us.  We reserve the right in the Contract to defer paying a Withdrawal or the Cash Surrender Value (except for Contracts issued in Arizona) for up to 6 months after we receive your request, contingent upon written approval of the insurance supervisory official in the jurisdiction in which the Contract is issued.

Surrender Charge Risk during the Initial Guarantee Period – A Surrender Charge may apply to certain Withdrawals or a Surrender during the Initial Guarantee Period only.  The Surrender Charge is designed to recover the costs we incur in selling the Contract if you request a Withdrawal or Surrender that is too early.  Any Surrender Charge, in combination with the MVA, could result in the loss of principal and earnings.  You bear the risk that you may receive less than your Single Premium.

Interest Rate Risk and the Market Value Adjustment – The declared interest rate the Company offers may be as low as 0% for some Contracts.  A MVA will apply to certain Withdrawals or a Surrender prior to the end of any Guarantee Period.  See page .  We use the MVA to protect us from the risk that we will suffer a loss should we need to liquidate the investments we use to support the Guarantee Period Interest Rate in order to pay you the amount requested.  The MVA may be negative, positive or result in no change.  The MVA is generally negative when interest rates in the current market are higher than at the beginning of the Guarantee Period.  At the time of any transaction involving the Contract, in the event that interest rates in the current market are higher, you bear the risk that you may receive less than your Single Premium.

Investment Risk – The Contract’s investment risk and return characteristics are similar to those of a zero coupon bond or certificate of deposit.  See page .  Accumulation Value maintained through the end of a Guarantee Period provides a fixed rate of return.  The Company guarantees principal and credited interest only when held for the length of the Initial Guarantee Period or the Guarantee Period, as applicable.  Otherwise, a Surrender Charge may apply, which in combination with the MVA, could result in the loss of principal and earnings.  You bear the risk that you may receive less than your Single Premium.

•	Securities issued by the U.S. government;

•	Issues of U.S. government agencies or instrumentalities (these issues may or may not be guaranteed by the U.S. government);

•	Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by Moody’s Investors Services, Inc. (Aaa, Aa, A or Baa), Standard & Poor’s Corporation (AAA, AA, A or BBB) or any other nationally recognized rating service;

•

Other debt instruments, including those issued or guaranteed by banks or bank holding companies, and of corporations, which although not rated by Moody’s, Standard & Poor’s, or other nationally recognized rating services, are deemed by the Company’s management to have an investment quality comparable to securities that may be purchased as stated above; or

•	Commercial paper, cash or cash equivalents, and other short-term investments having a maturity of less than one year that are considered by the Company’s management to have investment quality comparable to securities, which may be purchased as stated above.

•	A Withdrawal during the Initial Guarantee Period in an amount that is greater than the interest earned, if any, during the prior 12 months and not previously withdrawn, which we refer to as the Interest Withdrawal Amount; or

•	A Surrender of the Contract that occurs outside of the 30-day period following the end of the Initial Guarantee Period.

Guarantee	Surrender Charge Schedule – Contract Year
Period	1	2	3	4	5	6	7	8	9	10
5	8%	7%	6%	5%	4%	0	0	0	0	0
6	8%	7%	6%	5%	4%	3%	0	0	0	0
7	8%	7%	6%	5%	4%	3%	2%	0	0	0
8	8%	7%	6%	5%	4%	3%	2%	1%	0	0
9	8%	7%	6%	5%	4%	3%	2%	1%	0	0
10	8%	7%	6%	5%	4%	3%	2%	1%	0	0

•	The Interest Withdrawal Amount, which is the maximum amount you may withdraw without incurring a Surrender Charge;

•	Payment of the Death Benefit;

•	The commencement of Annuity Payments that begin after the first Contract Year; or

•	Any Withdrawal or Surrender after the Initial Guarantee Period ends.

	A Hospital or Nursing Home is defined as a hospital or a skilled care or intermediate care nursing facility:
	• Operating as such according to applicable law; and
	• At which medical treatment is available on a daily basis.
	A Hospital or Nursing Home does not include a rest home or other facility whose primary purpose is to provide accommodations, board or personal care services to individuals who do not need medical or nursing care.
	A Qualifying Medical Professional is defined as a legally licensed practitioner of the healing arts who:
	• Is acting within the scope of his or her license;
	• Is not a resident of your household or that of the Annuitant; and
	• Is not related to you or the Annuitant by blood or marriage.

•	You (or any Annuitant, if the Owner is a non-natural person) begin receiving Extended Medical Care on or after the first Contract Anniversary and receive such Extended Medical Care for at least 45 days during any continuous 60-day period; and

•	Your request for a Surrender or Withdrawal, together with satisfactory proof of such Extended Medical Care, must be provided by Notice to Us during the term of such Extended Medical Care or within 90 days after the last day that you received Extended Medical Care.

•	You (or any Annuitant, if the Owner is a non-natural person) must first be diagnosed by a Qualifying Medical Professional as having a Terminal Condition on or after the first Contract Anniversary; and

•	Your request for a Surrender or Withdrawal, together with satisfactory proof of such Terminal Condition, must be provided by Notice to Us.

•	The premium tax is incurred by us; or

•	The Accumulation Value is applied to an Annuity Plan on the Annuity Commencement Date.

•	If the Owner is an individual, and the Annuitant dies before the Annuity Commencement Date, the Contingent Annuitant, if any, will become the Annuitant, if two Owners do not exist.

•	Otherwise, the Owner will become the Annuitant if the Owner is a natural person.

•	If two individual Owners exist, the youngest Owner will become the Annuitant.

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The Owner, or joint Owners, must name an individual as the Annuitant if the Owner is age 90 or older (or age 85 or older if the Contract was issued prior to January 3, 2011 or for Contracts issued in Minnesota) as of the date of the Annuitant’s death.  We require the Owner to have an insurable interest in the Annuitant.  See page .

•	We pay the Death Benefit to the primary Beneficiary (unless there are Joint Owners, in which case the Death Benefit is paid to the surviving Owner(s)).

•	If all primary Beneficiaries die before any Annuitant or any Owner, as applicable, we pay the Death Benefit to any Contingent Beneficiary.

•	If there is a sole natural Owner and no surviving Beneficiary (or no Beneficiary is designated), we pay the Death Benefit to the Owner’s estate.

•	If the Owner is not a natural person and all Beneficiaries die before the Annuitant (or no Beneficiary is designated), the Owner will be deemed to be the primary Beneficiary.

•	One or more individuals may be a Beneficiary or Contingent Beneficiary.

•	In the case of more than one Beneficiary, we will assume any Death Benefit is to be paid in equal shares to all surviving Beneficiaries in the same class (primary or contingent), unless you provide Notice to Us directing otherwise.

•	The Beneficiary died at the same time as the Owner;

•	The Beneficiary died within 24 hours after the Owner’s death; or

•	There is insufficient evidence to determine that the Beneficiary and Owner died other than at the same time.

(10,000 * 0) + (6,000 * 27) + (5,000* 30) = 312,000	= 14.85714 days, rounded to 15 days, as the weighted average
10,000 + 6,000 + 5,000 = 21,000

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If an application is required, we will issue the Contract along with a Contract acknowledgement and delivery statement, but we reserve the right to void the Contract if we are not in receipt of a properly completed application within 5 days of receiving the Single Premium.  We will refund the Accumulation Value plus any charges we deducted, and the Contract will be voided.  We will return the Single Premium when required.

•

When an application is not required, we will issue the Contract along with a Contract acknowledgement and delivery statement.  We require you to execute and return the Contract acknowledgement and delivery statement.  Until you do, we will require a signature guarantee, or notarized signature, on certain transactions prior to processing.

•	You are looking for a short-term investment;

•	You cannot risk getting back an amount less than your initial investment; or

•	Your assets are in a plan that already provides for tax-deferral and you can identify no other benefits in purchasing this Contract.

•	Accumulation Value as of the end preceding of the preceding day; plus

•	Interest, if any, pursuant to the Initial Guarantee Period Interest Rate or the Guarantee Period Interest Rate, as applicable (see below), to be credited from the end of the previous day to the end of the current day; minus

•	The amount of any Withdrawals or Surrender (see page ); adjusted for

•	The MVA (see page ) at the end of the current day on which the Withdrawal is taken or a Surrender occurs; minus

•	Any Surrender Charges (see page ) at the end of the current day on which the Withdrawal is taken or a Surrender occurs.

Initial Guarantee Periods	Guarantee Periods for Renewals
5 to 10 years    (5, 6, 7 etc.)	1 year
You select the Initial Guarantee Period for the Single Premium.	We automatically apply the Accumulation Value to the 1-year Guarantee Period at the end of the Initial Guarantee Period, or each succeeding Guarantee Period, as applicable, until you give us alternative instructions.

•	The MVA will apply to a Withdrawal in an amount that is greater than the interest earned, if any, during the prior 12 months and not previously withdrawn, which we refer to as the Interest Withdrawal Amount.

•	If you request a Surrender, the MVA will be calculated on the total Accumulation Value.

•	In the event of a Death Benefit or commencement of Annuity Payments under an Annuity Plan, the MVA will apply to, and increase the Accumulation Value as a result, but only if positive.  Any negative MVA is waived.

•	The Interest Withdrawal Amount; or

•	A Withdrawal or Surrender that takes place during the 30-day period following the end of the Initial Guarantee Period or any such succeeding Guarantee Period.

MVA Factor =

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n

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MVA Factor =

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n

(1+a+i)

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•	The date on which Annuity Payments begin; and

•	The death of the Owner (or, if the Owner is not a natural person, the death of the Annuitant).

•	The Accumulation Value;

•	Adjusted by the MVA, if any.

•	Minus any Surrender Charges.

•	Regular Withdrawals; and

•	Systematic Withdrawals.

•

$1,000;

•	The Interest Withdrawal Amount; and

•	The minimum distribution amount for qualified Contracts required by the Tax Code (see page ).

•	A fixed dollar amount; or

•	The interest earned, if any, during the prior 12 months not previously withdrawn, which we refer to as the Interest Withdrawal Amount.

•	Our receipt of Proof of Death (provided the Accumulation Value has not been applied to an Annuity Plan); and

•	Our receipt of all required claim forms.

•	A certified copy of a death certificate;

•	A certified copy of a statement of death from an attending physician;

•	A finding of a court of competent jurisdiction as to the cause of death; or

•	Any other proof that we deem in our sole discretion to be satisfactory to us.

•	The Company Death Benefit Rate, which is the effective annual interest rate, determined solely in our discretion and subject to change; or

•	The applicable state interest rate required to be paid on annuity death claims, if any.

•	The surviving spouse will replace the deceased Owner as the Annuitant (if the deceased Owner was the Annuitant);

•	The age of the surviving spouse will be used as the Owner’s age under the continued Contract as the surviving spouse will become the new Owner of the Contract;

•	The Initial Guarantee Period may not extend beyond the latest Annuity Commencement Date for the surviving spouse;

•	All rights of the surviving spouse as the Beneficiary under the Contract in effect prior to such continuation election will cease;

•	Any Surrender Charge applicable to the Single Premium paid prior to the original Owner’s death will be waived (the MVA will continue to apply, however, to a subsequent Surrender or any Withdrawals);

•	All rights and privileges granted by the Contract or allowed by us will belong to the surviving spouse as the Owner of the continued Contract; and

•	Upon the death of the surviving spouse as the Owner of the Contract, the Death Benefit will be distributed to the Beneficiary or Beneficiaries as described below, and the Contract will terminate.

•	In one lump sum payment or installment payments; or

•	By applying the Death Benefit to an Annuity Plan

•	Be distributed in substantially equal installments over the life of such Beneficiary or over a period not extending beyond the life expectancy of such Beneficiary; and

•	Begin no later than 1 year after the date of the Owner’s death.

•	We agree to a later date; or

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The Internal Revenue Service publishes a final regulation or a revenue ruling concluding that an annuity contract with an Annuity Commencement Date that is later than the Contract Anniversary following the oldest Annuitant’s 90th birthday (or the Contract Anniversary on or next following the oldest Annuitant’s 85th birthday if the Contract was issued prior to January 3, 2011, or if the Contract was issued in Minnesota) will be treated as an annuity for federal tax purposes.

•	Plus the MVA (positive MVA only)

•	Minus any premium tax that may apply

•	Multiplied by the applicable payment factor, which depends on:

>

The Annuity Plan;

>

The frequency of Annuity Payments;

>

The age of the Annuitant (and sex, where appropriate under applicable law); and

>

A net investment return of 1.0% is assumed (we may pay a higher return at our discretion).

•	Divided by 1,000.

•	Annuity Payments will be made to the Owner, unless you provide Notice to us directing otherwise;

•	You must obtain our consent if the payee is not a natural person; and

•	Any change in the payee will take effect as of the date we receive Notice to Us.

•	On any valuation date when the NYSE is closed (except customary weekend and holiday closings), or when trading on the NYSE is restricted;

•	When an emergency exists as determined by the SEC; or

•	During any other periods the SEC may by order permit for the protection of investors.

•	Relationships between parent and child, brother and sister, and grandparent and grandchild; and

•	Certain business relationships and financial dependency situations (e.g., uncle has insurable interest in nephew who runs the uncle’s business and makes money for the uncle).

Contract Issue State	Days for New Purchase and Amount Returned		Days for Replacement Purchase and Amount Returned
Arizona	10 days Accumulation Value, adjusted for any MVA (30 days if age 65 or older)		Same
Connecticut	10 days Single Premium, plus interest, if any, that has been credited, less the amount of any Withdrawals		Same
Delaware	10 days Accumulation Value, adjusted for any MVA		20 days Single Premium paid less any Withdrawals
District of Columbia	10 days Single Premium paid, less any Withdrawals		Same
Florida	21 days Accumulation Value, adjusted for any MVA		Same
Georgia	10 days Single Premium paid less any Withdrawals		Same
Hawaii	10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Idaho	20 days Single Premium paid less any Withdrawals		Same
Kentucky	10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Louisiana	10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Massachusetts		10 days Accumulation Value, adjusted for any MVA		20 days Single Premium paid less any Withdrawals
Michigan		10 days Single Premium paid less any Withdrawals		Same
Minnesota		10 days Accumulation Value, adjusted for any MVA		30 days Single Premium paid less any Withdrawals
Mississippi		10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Missouri		10 days Single Premium paid less any Withdrawals		20 days Single Premium paid less any Withdrawals
Nebraska		10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
New Hampshire		10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
North Dakota		20 days Accumulation Value, adjusted for any MVA		Same
Oklahoma		10 days Single Premium paid less any Withdrawals		20 days Single Premium paid less any Withdrawals
Rhode Island		20 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
South Carolina		10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Tennessee		10 days Accumulation Value, adjusted for any MVA		20 days Single Premium paid less any Withdrawals
Utah		10 days Single Premium paid less any Withdrawals		30 days Single Premium paid less any Withdrawals
Virginia		10 days Accumulation Value, adjusted for any MVA		Same
West Virginia		10 days Single Premium paid less any Withdrawals		30 days Accumulation Value, adjusted for any MVA
Wyoming		10 days Accumulation Value, adjusted for any MVA		20 days Single Premium paid less any Withdrawals

•	To us at our Customer Service (the address of which appears on page ); or

•	To your agent/registered representative.

•

Litigation. Notwithstanding the foregoing, the Company and/or Voya Financial Partners, LLC, is a defendant in a number of litigation matters arising from the conduct of its business, both in the ordinary course and otherwise. In some of these matters, claimants seek to recover very large or indeterminate amounts, including compensatory, punitive, treble and exemplary damages. Certain claims may be asserted as class actions. Modern pleading practice in the U.S. permits considerable variation in the assertion of monetary damages and other relief. The variability in pleading requirements and past experience demonstrates that the monetary and other relief that may be requested in a lawsuit or claim oftentimes bears little relevance to the merits or potential value of a claim.

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Regulatory Matters. As with other financial services companies, the Company and its affiliates, including Voya Financial Partners, LLC, periodically receive informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the Company or the financial services industry. It is the practice of the Company to cooperate fully in these matters.

•	Your tax position (or the tax position of the beneficiary, as applicable) determines the federal taxation of amounts held or paid out under the contract;

•	Tax laws change.  It is possible that a change in the future could affect contracts issued in the past, including the contract described in this prospectus;

•	This section addresses some, but not all, applicable federal income tax rules and generally does not discuss federal estate and gift tax implications, state and local taxes or any other tax provisions;

•	We do not make any guarantee about the tax treatment of the contract or transactions involving the contract; and

•	No assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below.

•

Required Distributions. In order to be treated as an annuity contract for federal income tax purposes, the Tax Code requires a nonqualified contract to contain certain provisions specifying how your interest in the contract will be distributed in the event of your death. The nonqualified contracts contain provisions that are intended to comply with these Tax Code requirements, although no regulations interpreting these requirements have yet been issued. When such requirements are clarified by regulation or otherwise, we intend to review such distribution provisions and modify them if necessary to assure that they comply with the applicable requirements;.

•

Non-Natural Owners of a Non-Qualified Contract. If the owner of the contract is not a natural person (in other words, is not an individual), a nonqualified contract generally is not treated as an annuity for federal income tax purposes and the income on the contract for the taxable year is currently taxable as ordinary income. Income on the contract is any increase in the Contract value over the “investment in the contract” (generally, the premium payments or other consideration you paid for the contract less any nontaxable withdrawals) during the taxable year. There are some exceptions to this rule and a non-natural person should consult with a tax and/or legal adviser before purchasing the contract. When the contract owner is not a natural person, a change in the annuitant is treated as the death of the contract owner for purposes of the required distribution rules described above; and

•

Delayed Annuity Starting Date. If the contract’s annuity starting date occurs (or is scheduled to occur) at a time when the annuitant has reached an advanced age (e.g., after age 95), it is possible that the contract would not be treated as an annuity for federal income tax purposes. In that event, the income and gains under the contract could be currently includible in your income.

•	Made on or after the taxpayer reaches age 59½;

•	Made on or after the death of the contract owner (or the Annuitant, if the contract owner is a non-natural person);

•	Attributable to the taxpayer’s becoming “disabled,” as defined in the Tax Code;

•	Made as part of a series of substantially equal periodic payments (at least annually) over your life or life expectancy or the joint lives or joint life expectancies of you and your designated beneficiary; or

•	The distribution is allocable to investment in the contract before August 14, 1982.

•	First, from any remaining “investment in the contract” made prior to August 14, 1982 and exchanged into the Contract;

•	Next, from any “income on the contract” attributable to the investment made prior to August 14, 1982;

•	Then, from any remaining “income on the contract”; and

•	Lastly, from any remaining “investment in the contract.”

•	After you begin receiving annuity payments under the contract; or

•	Before you begin receiving such distributions.

•	Over the life of the designated beneficiary; or

•	Over a period not extending beyond the life expectancy of the designated beneficiary.

•	If distributed in a lump sum, they are taxed in the same manner as a surrender of the contract; or

•	If distributed under a payment option, they are taxed in the same way as annuity payments.

•	If distributed in a lump sum, they are included in income to the extent that they exceed the unrecovered investment in the contract at that time; or

•	If distributed in accordance with the existing annuity option selected, they are fully excluded from income until the remaining investment in the contract is deemed to be recovered, and all payments thereafter are fully includible in income.

•	Contributions in excess of specified limits;

•	Distributions before age 59½ (subject to certain exceptions);

•	Distributions that do not conform to specified commencement and minimum distribution rules; and

•	Other specified circumstances.

•	The distribution is directly transferred to another IRA or to a plan eligible to receive rollovers as permitted under the Tax Code; or

•	You made after-tax contributions to the IRA.  In this case, the distribution will be taxed according to the rules detailed in the Tax Code.

•	You have attained age 59½;

•	You have become “disabled,” as defined in the Tax Code;

•	You have died and the distribution is to your beneficiary;

•	The distribution amount is rolled over tax free into another eligible retirement plan or to a traditional or Roth IRA in accordance with the terms of the Tax Code;

•	The distribution is paid directly to the government in accordance with an IRS levy;

•	The distribution is a qualified reservist distribution as defined under the Tax Code;

•	The distribution is a qualified birth or adoption distribution;

•	The distribution is eligible for penalty relief extended to victims of certain natural disasters;

•	You have unreimbursed medical expenses that are deductible (without regard to whether you itemized deductions);

•	The distribution amount is made in substantially equal periodic payments (at least annually) over your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary;

•	The distributions are not more than the cost of your medical insurance due to a period of unemployment (subject to certain conditions);

•	The distributions are not more than your qualified higher education expenses;

•	The distribution is paid to a terminally ill individual;

•	The withdrawal is paid for certain emergency expenses;

•	The distribution is paid to an eligible domestic abuse victim; or

•	You use the distribution to buy, build or rebuild a first home;

•	The distribution occurs after the five-year taxable period measured from the earlier of:

>	The first taxable year you, as applicable, made a contribution to a Roth IRA or a designated Roth contribution to any designated Roth account established for you under the same applicable retirement plan as defined in Tax Code Section 402A; or

>	If a rollover contribution was made from a designated Roth account previously established for you under another applicable retirement plan, the first taxable year for which you made a designated Roth contribution to such previously established account; AND

•	The distribution occurs after you attain age 59½, die with payment being made to your beneficiary or estate, or become disabled as defined in the Tax Code.

•	The start date for distributions;

•	The time period in which all amounts in your Contract(s) must be distributed; and

•	Distribution amounts.

•	Over your life or the joint lives of you and your designated beneficiary; or

•	Over a period not greater than your life expectancy or the joint life expectancies of you and your designated beneficiary.

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

The expenses in connection with issuance and distribution of the securities to be registered, other than underwriting discounts and commissions, are as follows (except for the Securities and Exchange Commission Registration Fees, all amounts shown are estimates):

Section 33-779 of the Connecticut General Statutes (“CGS”) provides that a corporation may provide indemnification of or advance expenses to a director, officer, employee or agent only as permitted by Sections 33-770 to 33-778, inclusive, of the CGS.  Reference is hereby made to Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of CGS regarding indemnification of officers, employees and agents of Connecticut corporations.  These statutes provide in general that Connecticut corporations incorporated prior to January 1, 1997 shall, except to the extent that their certificate of incorporation expressly provides otherwise, indemnify their directors, officers, employees and agents against “liability” (defined as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has determined that indemnification is appropriate pursuant to Section 33-774.  Under Section 33-775, the determination of and the authorization for indemnification are made (a) by two or more disinterested directors, as defined in Section 33-770(3); (b) by special legal counsel; (c) by the shareholders; or (d) in the case of indemnification of an officer, agent or employee of the corporation, by the general counsel of the corporation or such other officer(s) as the board of directors may specify.  Also, Section 33-772 with Section 33-776 provide that a corporation shall indemnify an individual who was wholly successful on the merits or otherwise against reasonable expenses incurred by him in connection with a proceeding to which he was a party because he is or was a director, officer, employee, or agent of the corporation.  Pursuant to Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with respect to conduct for which the director, officer, agent or employee was adjudged liable on the basis that he received a financial benefit to which he was not entitled, indemnification is limited to reasonable expenses incurred in connection with the proceeding against the corporation to which the individual was named a party.

A corporation may procure indemnification insurance on behalf of an individual who is or was a director of the corporation.  Consistent with the laws of the State of Connecticut, Voya Financial, Inc. maintains Professional Liability and Fidelity bond, Employment Practices liability and Network Security insurance policies issued by an international insurer.  The policies cover Voya Financial, Inc. and any company in which Voya Financial, Inc. has a controlling financial interest of 50% or more.  The policies cover the funds and assets of the principal underwriter/depositor under the care, custody and control of Voya Financial, Inc. and/or its subsidiaries.  The policies provide for the following types of coverage: Errors and Omissions/Professional Liability, Employment Practices liability and Fidelity/Crime (a.k.a. “Financial Institutional Bond”) and Network Security (a.k.a. “Cyber/IT”).

Section 20 of the Voya Financial Partners, LLC Amended and Restated Limited Liability Company Agreement executed as of June 30, 2016 provides that Voya Financial Partners, LLC will indemnify certain persons against any loss, damage, claim or expenses (including legal fees) incurred by such person if he is made a party or is threatened to be made a party to a suit or proceeding because he was a member, officer, director, employee or agent of Voya Financial Partners, LLC, as long as he acted in good faith on behalf of Voya Financial Partners, LLC and in a manner reasonably believed to be within the scope of his authority. An additional condition requires that no person shall be entitled to indemnity if his loss, damage, claim or expense was incurred by reason of his gross negligence or willful misconduct. This indemnity provision is authorized by and is consistent with Title 8, Section 145 of the General Corporation Law of the State of Delaware.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Exhibits:

Exhibits other than those listed above are omitted because they are not required or are not applicable.

The undersigned registrant hereby undertakes as follows, pursuant to Item 512 of Regulation S-K:

(a) Rule 415 offerings: