Voya 2013 Annual Report Download - page 308

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The net amount at risk for the GMIB and GMWBL benefits is equal to the excess of the present value of the
minimum guaranteed annuity payments available to the contract owner over the current account value.
The separate account values, net amount at risk, net of reinsurance, and the weighted average attained age of
contract owners by type of minimum guaranteed benefit for retail variable annuity contracts were as follows as of
December 31, 2013 and 2012:
2013
In the Event of Death At Annuitization, Maturity, or Withdrawal
GMDB
GMAB/
GMWB GMIB GMWBL
Annuity Contracts:
Minimum Return or Contract
Value
Separate account value ........ $44,239.7 $940.6 $15,894.1 $16,516.8
Net amount at risk, net of
reinsurance ................ $ 5,074.2 $ 20.4 $ 1,681.8 $ 452.3
Weighted average attained age . . 70 70 62 66
2012
In the Event of Death At Annuitization, Maturity, or Withdrawal
GMDB
GMAB/
GMWB GMIB GMWBL
Annuity Contracts:
Minimum Return or Contract
Value
Separate account value ........ $41,932.5 $1,027.3 $14,881.3 $15,587.8
Net amount at risk, net of
reinsurance ............... $ 7,029.1 $ 42.4 $ 3,576.0 $ 1,702.5
Weighted average attained
age...................... 69 69 61 65
The net amount at risk for the secondary guarantees is equal to the current death benefit in excess of the account
values.
The separate account values, net amount at risk, net of reinsurance, and the weighted average attained age of
contract owners by type of minimum guaranteed benefit for UL and VUL contracts were as follows as of
December 31, 2013 and 2012:
2013 2012
Secondary
Guarantees
Paid-up
Guarantees
Secondary
Guarantees
Paid-up
Guarantees
Universal and Variable Life Contracts:
Account value (general and separate
account) .......................... $ 3,307.6 $— $ 3,232.6 $—
Net amount at risk, net of reinsurance ..... $17,039.6 $— $17,885.6 $—
Weighted average attained age .......... 60 — 59 —
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