12/17/2024 | Press release | Distributed by Public on 12/17/2024 05:41
ReliaStar Life Insurance Company
and its
Separate Account N
VOYA ADVANTAGE VASM
Supplement Dated December 17, 2024 to the Contract Prospectus and
Updating Summary Prospectus, each dated May 1, 2024, as amended
This supplement to the variable annuity account contract prospectus ("contract prospectus") and updating summary prospectus ("summary prospectus"), updates and amends certain information contained in them. Please read this supplement carefully and keep it with the contract prospectus and summary prospectus that you may have received, for future reference. Capitalized terms not defined in this supplement shall have the meaning given to them in the contract prospectus and summary prospectus.
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NOTICE OF IMPORTANT INFORMATION ABOUT
AN UPCOMING FUND REORGANIZATION
On November 14, 2024, the Board of Directors of Voya Partners, Inc. approved a proposal to reorganize the Disappearing Portfolio with and into the following "Acquiring Portfolio" (the "Reorganization"):
Disappearing Portfolio | Acquiring Portfolio |
Voya Solution 2025 Portfolio - Class I | Voya Solution Income Portfolio - Class I |
Pursuant to disclosure in the Disappearing Portfolio's Prospectus, the Reorganization is not subject to approval by shareholders of the Disappearing Portfolio. It is expected that the Reorganization will occur on or about August 8, 2025.
Following the Reorganization, the Disappearing Portfolio's shareholders will hold shares of the respective Acquiring Portfolio, as reflected in the table above.
MORE INFORMATION IS AVAILABLE
More information about the funds available through your contract, including information about the risks associated with investing in them can be found in the current prospectus and Statement of Additional Information for each fund. You may obtain these documents by contacting us at:
Customer Service
P.O. Box 5050
Minot, ND 58702-5050
1-800-884-5050
Please retain this supplement for future reference.
X.100209-24C | December 2024 |