ING U.S. Expands its Suite of Retirement Income Solutions with New ING Lifetime Income Annuity

    ING U.S. Expands its Suite of Retirement Income Solutions with New ING
                           Lifetime Income Annuity

Retail product offers retirees flexibility and income growth potential with
access to funds and built-in guarantees

PR Newswire

WINDSOR, Conn., March 5, 2013

WINDSOR, Conn., March 5, 2013 /PRNewswire/ --ING U.S. announced today that it
has expanded its lineup of retirement income product and service offerings
with the launch of the new ING Lifetime Income single premium deferred fixed
annuity issued by ING USA Annuity and Life Insurance Company (ING USA). This
retail product provides income benefits to help individuals plan for their
retirement including income increases the longer income is delayed. It also
allows the flexibility to access those funds when needed (resulting in reduced
future income withdrawal amounts) along with death benefit protection.

The ING Lifetime Income deferred fixed annuity is the latest product to
complement the long heritage of retirement income solutions and expertise from
ING U.S., including an in-plan guaranteed income investment option for 401(k)
participants as well as a series of retirement income planning and education
resources for ING Financial Partners' financial advisors. Complementing these
retirement income offerings, ING Lifetime Income now brings a retail fixed
annuity product solution broadly to the market that is focused on income
potential.

"Building a sound, lifetime income strategy is one of the most important
aspects of financial planning today, and a key to improving one's overall
retirement readiness," said Chad Tope, president of ING U.S. Annuity and Asset
Sales. "Annuities have been – and continue to be – a reliable way to deliver
a reliable income stream during retirement that helps replace a paycheck once
a person stops working. ING USA's new deferred fixed product rewards those
who have the ability to postpone their income withdrawals, by stepping up
their future available income withdrawal amount. If their needs shift, the
individual can access a portion of the funds along the way although this will
result in reduced future income withdrawal amounts."

The opportunity to step up income with the ING Lifetime Income annuity comes
in two increments, based on the number of years an individual delays the start
of their income withdrawals. If income payments are deferred for five years,
the available income withdrawal amount is boosted by 150 percent. With a ten
year deferral, the available income withdrawal amount gets a guaranteed boost
of 225 percent.

Another feature that offers potential income growth is linked to changes in
the S&P 500® Index. If the S&P 500 Index is higher at the end of a contract
year than at the beginning, the available income amount increases by this
percentage subject to an annual cap on the amount of this increase. The index
cap is currently 6 percent and is fixed for the life of the contract. ING may
declare a different index cap in the future for new contracts. While there is
upside potential, the income amount will not be decreased as a result of a
decline in the S&P 500 over the course of the year. The step up benefit and
index-linked growth increase the benefit value, which is used to determine the
income withdrawal amount only and do not increase the contract's account
value.

The income amount has the potential to grow until lifetime income withdrawals
start, at which point the amount is locked in and the income withdrawals will
continue for an individual's lifetime, or the lives of two spouses if there
are joint owners. An optional death benefit grows in a similar way, providing
protection for beneficiaries and helping with legacy planning.

As an industry leader and advocate for greater retirement readiness, ING U.S.
is committed to the mission of making a secure financial future possible—one
person, one family, one institution at a time.

For more information on the ING Lifetime Income deferred fixed annuity
product, contact the Annuity and Asset Sales team at 800-369-5301.

About ING U.S.
ING U.S. constitutes the U.S.-based retirement, investment and insurance
businesses of Netherlands-based ING Groep N.V. (NYSE: ING). Through the ING
U.S. family of companies, we serve the financial needs of approximately 13
million individual and institutional customers with a comprehensive array of
products and services, including retirement plans, IRA rollovers and
transfers, stable value, institutional investment management, mutual funds,
alternative investments, life insurance, employee benefits, fixed and indexed
annuities and financial planning. Our dedicated workforce of more than 7,000
employees is focused on ING U.S.'s mission to make a secure financial future
possible—one person, one family and one institution at a time. For more
information, visit http://ing.us.

The ING Lifetime Income product is issued by ING USA Annuity and Life
Insurance Company and is a single premium deferred fixed annuity that provides
a minimum guaranteed contract value and includes an index-linked minimum
guaranteed withdrawal benefit. It is designed to help create guaranteed
lifetime retirement income and is not intended as an accumulation product. All
guarantees are based on the financial strength and claims paying ability of
ING USA Annuity and Life Insurance Company.

Surrender charges will apply if the contract is surrendered during the first
nine years. Early withdrawals and other distributions of taxable amounts may
be subject to ordinary income tax, a surrender charge, and if taken prior to
age 59 ½, an IRS 10% premature distribution penalty tax unless an exception
applies.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has
been licensed for use by ING USA Annuity and Life Insurance Company (ING
USA). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these
trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by ING USA. ING USA's ING Lifetime Income Annuity  is not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective
affiliates, and none of such parties  make any representation regarding the
advisability of investing in such product(s) nor do they have any liability
for any errors, omissions, or interruptions of the S&P 500 Index.

Contract Form Series: IU-IA-3119; IU-RA-3120; IU-RA-3121; IU-RA-3122;
IU-RA-3123, may vary by state and may not be available in all states.

SOURCE ING U.S.

Website: http://ing.us
Contact: Maggie Dietrich, ING U.S., +1-860-580-2699, Cell, +1-860-335-7528,
Maggie.Dietrich@us.ing.com
 
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