On January 10, 2024, the Board of Directors of Voya Balanced Portfolio, Inc. approved a proposal to reorganize (the "Reorganization") the Merging Portfolio with and into Class S shares of the Voya Balanced Income Portfolio (the "Surviving Portfolio"). The Reorganization does not require shareholder approval, and it is expected that the Reorganization will take place on or about July 12, 2024 (the "Reorganization Date").

From the close of business on June 28, 2024 through the close of business on July 12, 2024, the Merging Portfolio will be in a "transition period" during which time a transition manager will align the Merging Portfolio's holdings with those of the Surviving Portfolio. During this time, the Merging Portfolio may not be pursuing its investment objective and strategies, and limitations on permissible investments and investment restrictions will not apply. The sales and purchases of securities during the transition period are expected to result in buy and sell transactions and such transactions may be made at a disadvantageous time.

Voluntary Transfers Before the Reorganization Date. Any time prior to the Reorganization Date you may transfer amounts allocated to the Subaccount that invests in the Merging Portfolio to any other available Subaccount. There will be no charge for any such transfer, and any such transfer will not count as a transfer when imposing any applicable restriction or limit on transfers. You may give us alternative allocation instructions at any time by writing to Customer Service at P.O. Box 9271, Des Moines, IA 50306-9271 or calling (800) 366-0066. See the section of your most recent Notice document and in the Contract prospectus that deals with transfers among investment options for information about making Subaccount transfers, including applicable restrictions and limits on transfers.

On the Reorganization Date. On the Reorganization Date, your investment in the Subaccount that invests in the Merging Portfolio will automatically become an investment in the Subaccount that invests in the Surviving Portfolio with an equal total net asset value. There will be no charge for this automatic reallocation, and this automatic reallocation will not count as a transfer when imposing any applicable restriction or limit on transfers. Furthermore, you will not incur any tax liability because of this automatic reallocation, and your Contract Value immediately before the reallocation will equal your Contract Value immediately after the reallocation.

Automatic Fund Reallocation After the Reorganization Date. After the Reorganization Date, the Merging Portfolio will no longer be available through your Contract. Unless you provide us with alternative allocation instructions, after the Reorganization Date all allocations directed to the Subaccount that invests in the Merging Portfolio will be automatically allocated to the Subaccount that invests in the Surviving Portfolio. You may give us alternative allocation instructions at any time by writing to Customer Service at P.O. Box 9271, Des Moines, IA 50306-9271 or calling (800) 366-0066. See the “Investment Options” section of your most recent Notice document and the section in the Contract prospectus that deals with transfers among investment options for information about making Subaccount transfers, including applicable restrictions and limits on transfers. Information about the Surviving Portfolio can be found in Appendix A of the most recent Notice document.

In connection with the upcoming Reorganization, a Subaccount that invests in the Surviving Portfolio will be added to your Contract and available for new premiums and transfers of Contract Value beginning on the Reorganization Date. Information about the Surviving Portfolio can be found in Appendix A of the most recent Notice document.

More information about the funds available through your Contract, including information about the risks associated with investing in them, can be found in the most recent Notice document and in the current prospectus and Statement of Additional Information for each fund. You may obtain these documents by contacting:

If you received a summary prospectus for any of the funds available through your Contract, you may obtain a full prospectus and other fund information free of charge by either accessing the internet address, calling the telephone number or sending an email request to the email address shown on the front of the fund’s summary prospectus.