ReliaStar Life Insurance Company
and its
Separate Account N
VOYA ADVANTAGE VASM
Supplement Dated May 23, 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 YOUR CONTRACT PROSPECTUS
AND SUMMARY PROSPECTUS
CONTRACT PROSPECTUS
A footnote in the APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT (“APPENDIX A”), of the contract prospectus has been revised. In that regard, the footnote** at the bottom of APPENDIX A (page 53) of the contract prospectus is hereby replaced in its entirety with the following:
**Effective on or about July 12, 2024, the Voya Balanced Portfolio (Class I shares) will merge into the Voya Balanced Income Portfolio (Class I shares) (a series of Voya Investors Trust).
UPDATING SUMMARY PROSPECTUS
A bullet point in the Investment Options section of the UPDATED INFORMATION ABOUT YOUR CONTRACT (“Investment Options”), section of the summary prospectus has been revised. In that regard, the sixth bullet point of the Investment Options subsection (page 4) of the summary prospectus is hereby replaced in its entirety with the following:
• | Effective on or about July 12, 2024, the Voya Balanced Portfolio (Class I shares) will merge into the Voya Balanced Income Portfolio (Class I shares) (a series of Voya Investors Trust). |
X.100209-24 | May 2024 |
A footnote in the APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT (“APPENDIX”), of the summary prospectus has been revised. In that regard, the footnote** at the bottom of the APPENDIX (page 12) of the summary prospectus is hereby replaced in its entirety with the following:
**Effective on or about July 12, 2024, the Voya Balanced Portfolio (Class I shares) will merge into the Voya Balanced Income Portfolio (Class I shares) (a series of Voya Investors Trust).
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 our:
Customer Service
P.O. Box 5050
Minot, ND 58702-5050
1-800-884-5050
X.100209-24 | May 2024 |