Fixed Annuities Product Guide

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Fixed Annuities Product Guide

Index Annuities • Guaranteed Annuities • Traditional Annuities

Retirement Solutions Powered by ING

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Annuities

_Annuities

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Excellent Industry Ratings

We believe in quality. Our underwriting company – ING USA

Annuity and Life – has received high ratings from the major

independent evaluators of the insurance industry. Request our industry

ratings brochure for details.

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Log on for interest rates, product specifications, sales ideas, client

presentations, financial calculators, applications, forms, and more.

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commissions. Whether you like your commissions in a one-time

payment or you prefer the continuous stream of income that trails

provide, the choice is yours.

Our Powerful Commitment to You

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is committed to meeting your needs and exceeding

your expectations. We are positioned to be your premier partner in

delivering retirement solutions powered by ING.

A Powerhouse of Fixed Annuity Expertise

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markets quality annuity

products issued by ING USA Annuity and

Life Insurance Company, a member of ING,

a powerhouse for financial services. Together

these entities excel in product knowledge,

innovation, and industry longevity.

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Annuities:

Traditional • Guaranteed •

Index • Multi-Strategy • SPIA

We offer a wide variety of fixed

annuity types to meet your clients’

needs. ING USA Annuity and

Life's annuity contracts are

supported by a prudent, balanced

investment approach which leaves

us well positioned to meet our

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ING Secure Index Annuity

ING Selectra Multi-Strategy Annuity

®

Product Concept

• Multi-strategy annuity with fixed and index growth strategies and multiple guarantees. Transfers between strategies.

Product Concept

• Multi-strategy annuity with 3 different growth strategies (Total Return, Index, Fixed).6_{Transfers between strategies.}

Issue Ages

• 0-80 Owner/Annuitant

Issue Ages

Premium

• $5,000 Minimum Initial Single Premium • $50 Minimum Subsequent Premium

• $1M Maximum Premium without prior home office approval • Premium banding (in most states)

Premium

• $1M Maximum Premium without prior home office approval

Market Value Adjustment

• No

Market Value Adjustments

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• Yes (Index & One-Year Fixed Rate Strategy)

Interest Rate Guarantee Period

• 1 year varying per strategy • Annual Reset - Both EIA Strategies

Interest Rate Guarantee Period

• 1 year varying per strategy

Free Withdrawals

• After 1st contract year (immediately in some states), 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500®_{Index growth in that period. In the first contract year, interest}

only can be withdrawn from the FIS Strategy only.

Free Withdrawals

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• In the 1st contract year, owner may withdraw interest earned (and not previously withdrawn in the prior 12 months) without an MVA or surrender charge. After 1st contract year (immediately in some states), 10% of cash value can be withdrawn without a surrender charge or MVA but a positive or negative total return adjustment (TRA) will apply.

Surrender Charge (% of accumulation value)

Contract Year 1 2 3 4 5 6 7 8+ Percentage 12 12 12 10 8 6 4 0

Charges may differ for some states and for ages 56+.

Surrender Charge (% of accumulation value)

Contract Year 1 2 3 4 5 6 7 8 9 10 11+ Percentage 12 12 11 10 9 8 7 6 4 2 0

Annuitization

• Available after 1st contract year

• Greater of minimum guaranteed value or accumulation value • Must annuitize for at least 60 months to avoid surrender charge

Annuitization

• Greater of minimum guaranteed value or accumulation value • Must annuitize for at least 120 months to avoid MVA

and surrender charge (TRA applies)

Death Benefit

• Accumulation Value

Death Benefit

• Accumulation Value plus any positive total return adjustment,

if applicable

Minimum Guaranteed Value

• 3% on 100% of premium

Minimum Guaranteed Value

• At least 1.5% on 100% of premium

Loans

• 403(b), 2% spread

Loans

• 403(b), 2% spread

Nursing Home Waiver

• Available in all states except MA, TX

Nursing Home Waiver

Return of Premium

• N/A

Return of Premium

• N/A

6_{Selectra Index Strategy is not available in ND, NJ, OR.} 7_{Selectra TRA applies to Total Return Strategy.}

8_{Selectra withdrawals taken proportionately from each strategy on a last-in,}

first-out basis. N/A in OR for use with IRAs, Roth IRAs, SEPs, SIMPLEs. TSAs are available.

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ING MarketSmart Index Annuity

ING Income Outcome Annuity

Product Concept

• Single premium, multi-year, index annuity with simple spread design and vested death benefit.

Product Concept

• Flexible premium, deferred, multi-strategy annuity with fixed and index strategies. Plus potential for substantially enhanced income payout.

Issue Ages

Premium

• $5,000 Minimum Premium

Premium

Market Value Adjustment

• No

Market Value Adjustment

• No

Indexing Period

• 5, 6, 7, & 10 years

Interest Rate Guarantee Period

• Fixed Rate Strategy (FRS) - One year guaranteed interest rate, reset annually.

• Retirement Index Strategy (RIS) - Annual reset, point-to-point, equity index strategy. No averaging. Index credit guaranteed never to be negative.

Free Withdrawals

• After 1st contract year, 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500®_Index

growth in that period.

Free Withdrawals

• After 1st contract year, 10% of accumulation value per contract year. Any withdrawal taken prior to the end of an indexing period will not participate in the S&P 500®_Index

growth in that period. In the first contract year, interest only can be withdrawn from the FRS only.

Surrender Charge (% of accumulation value)

Contract Year 1 2 3 4 5 6 7 8 9 10+ Percentage 9 8 7 6 5 4 3 2 1 0

Resets upon renewal in most states.

Surrender Charge (% of accumulation value)

Contract Year 1 2 3 4 5 6 7 8 9 10 11+ Percentage 12 12 12 10 8 7 6 5 4 2 0

Annuitization

• Greater of minimum guaranteed value or accumulation value • Must annuitize for at least 120 months to avoid

surrender charge

Annuitization

• If annuitized prior to 10th contract anniversary, greater of minimum guaranteed value or accumulation value • If annuitized on or after 10th contract anniversary,

greater of minimum guaranteed value or income value • Must annuitize for at least 120 months to avoid

surrender charge

Death Benefit

• Vested Death Benefit5_{upon death of annuitant}

Death Benefit

• Accumulation Value

Minimum Guaranteed Value

• 3% on 90% of premium

Minimum Guaranteed Value

• 3% on 87.5% of premium

Loans

• 403(b), 2% spread

Loans

• 403(b), 2% spread

Nursing Home Waiver

Return of Premium

• N/A

Return of Premium

• N/A

5_{MarketSmart vested death benefit is the higher of the minimum}

guaranteed contract value or the index value as of previous contract anniversary.

CleanandSimple

What is CleanandSimple?

It is a new way of doing business, our mind set and our promises to you.

What Does CleanandSimple

Mean to Your Practice?

•Ease of doing business

•Building stronger client relationships

•No more embarrassment/surprises

•Increased profitability

See What We Mean

by Visiting Us at:

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Sales Desk

800-369-5301

ING Single Premium Immediate Annuity

ING MultiSet Plus Annuity

Product Concept

• Single Premium Immediate Annuity providing guaranteed income for life or a specified period.

Product Concept

• Single premium annuity offering competitive guaranteed interest rate and return of premium.

Issue Ages

• 0-100 Period Certain1

• 35-80 Life Only or Life w/Period Certain

Issue Ages

Premium

Market Value Adjustment

• N/A

Market Value Adjustment

• Yes (except in UT, VT, WA)

• Resets upon renewal

Interest Rate Guarantee Period

• N/A

Interest Rate Guarantee Period

• 5, 6, 7, 8, 9, and 10 years

Free Withdrawals

• N/A

Free Withdrawals

• In the 1st contract year, owner may withdraw interest earned (and not previously withdrawn in the prior 12 months) without an MVA or surrender charge. After 1st contract year 10% of accumulation value can be withdrawn.

Surrender Charge

• Owner may not surrender the contract at any time. • Beneficiary can take a commuted value for any remaining

payments at annuitant’s death (period certain payouts only).* *Option to commute not available in NJ or OR.

Surrender Charge (% of accumulation value)

Contract Year 1 2 3 4 5 6 7 8 9 10 Percentage 7 7 7 6 5 4 3 2 1 0

• Resets upon renewal (except in IN) • For 10-year term, MVA applies in 10th year

Payout Options

2

• Life Income3

• Life Income with Period Certain3

• Life Income with Cash Refund3

• Life Income with Installment Refund3

• Life Income with Joint Survivor3

• Life Income with Joint Survivor and Period Certain3

• Joint and Last Survivor3

• Period Certain

• Joint and Last Survivor with Period Certain3

Increasing Payment Option

• For any Period Certain option, annual payment increases of 3% or 6%

• For other options, annual payment increases of 3% • For Joint Life Options, 100% to survivor must be chosen

Annuitization

• Available after 1st contract year. Must annuitize for at least 120 months to avoid MVA and surrender charge.

Death Benefit

• Period Certain - Balance of Remaining Payments • Life Only – No Death Benefit

Death Benefit

• Accumulation Value, plus any positive MVA

Minimum Guaranteed Interest

• N/A

Minimum Guaranteed Interest

• At least 1.5% on 100% of premium

Loans

• N/A

Loans

• 403(b), 2% spread

Nursing Home Waiver

• N/A

Nursing Home Waiver

Return of Premium

• N/A

Return of Premium

• Yes

1_{SPIA issue ages in CT & UT for Period Certain are 0-85.} 2_{SPIA minimum payment payout $50.}

3_{SPIA proof of age required.}

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Advertising Review

800-369-5308

Fax: 515-698-2885

909 Locust Street

Des Moines, IA 50309-2899

Agent Automated Access (IVR)

800-555-1966

Annuity New Business

800-369-5304

Fax: 515-698-2000

P.O. Box 617

Des Moines, IA 50305-0617

Claims Services

800-369-5304

Fax: 515-698-2001

909 Locust Street

Des Moines, IA 50309-2899

Commissions

800-369-5307

Fax: 515-698-2012

909 Locust Street

Des Moines, IA 50309-2899

Contracting/Licensing

800-369-5305

Fax: 515-698-2010

P.O. Box 1593

Des Moines, IA 50306-1593

Customer Service

800-369-5303

Fax: 515-698-2001

P.O. Box 1337

Des Moines, IA 50305-1337

Interest Rate Hotline

800-369-5301, option 1

Sales Desk

800-369-5301

Fax: 515-698-6999

909 Locust Street

Des Moines, IA 50309-2899

Supplies

800-369-5301

Fax: 515-698-6999

909 Locust Street

Des Moines, IA 50309-2899

General correspondence can

be addressed to P.O. Box 1635,

Des Moines, IA 50306-1635.

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For more information, please

contact you Marketing

Organization or call:

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Sales Desk

909 Locust Street

Des Moines, IA 50309

800-369-5301

Contracts issued by ING USA Annuity and Life Insurance Company.

For agents only. This is a summary only. Call for complete contract details. Products/features are not available in all states and subject to change at any time. Withdrawals may be subject to Federal income tax and, if taken prior to age 591/₂_{, a 10% Federal penalty tax. Federal law requires}

that withdrawals be taken first from interest earnings. All distributions from qualified annuities may be taxable. Taxable distributions may also be subject to State income tax. Initial and additional premiums earn interest based on rates in effect when received. IRAs/qualified plans are already tax deferred; clients should consider other annuity features. Guarantees are subject to claims-paying ability of the insurer. We reserve the right to alter or end incentives. Neither the company nor its agents offer tax or legal advice. Clients should consult a tax advisor or attorney. “S&P 500®_{” is a trademark of The McGraw-Hill Companies,}

Inc. and has been licensed for use by ING USA Annuity and Life Insurance Company. The Products are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Products. (Index does not reflect dividends paid on underlying stocks.)

ING—A Global Leader

When you select ING as your business partner, you align yourself with one of the

largest integrated financial services organizations in the world. Consider some

of ING’s credentials:

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Ranked 9th in the 2005 Forbes 2000 as measured by a composite ranking of

sales, profits, assets and market value

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Ranked 17th in the 2004 FORTUNE Global 500 as measured by revenue

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$671 billion in assets under management as of December 31, 2004

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113,000 employees in over 50 countries

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60 million clients worldwide.

The parent company, ING Groep, N.V., is not responsible for the contractual obligations of its member insurance companies.