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August 28, 2015 5:49 AM ET

Insurance

Company Overview of ING USA Annuity and Life Insurance Company

Company Overview

ING USA Annuity and Life Insurance Company, a stock life insurance company, provides financial products and services in the United States. The company offers various insurance products, including immediate and deferred fixed annuities primarily to individual customers. It distributes its fixed annuity products through national and regional brokerages and securities firms, independent broker-dealers, banks, life insurance companies with captive agency sales forces, independent insurance agents, independent marketing organizations, and affiliated broker-dealers. The company also offers guaranteed investment contracts and funding agreements (GICs) primarily to institutional investors and corpor...

1475 Dunwoody Drive

West Chester, PA 19380

United States

451 Employees

Phone:

610-425-3400

Key Executives for ING USA Annuity and Life Insurance Company

President and Director
Age: 52
Chief Financial Officer and Senior Vice President
Chief Accounting Officer and Senior Vice President
Executive Vice President and Director
Age: 60
Senior Vice President and Treasurer
Compensation as of Fiscal Year 2015.

ING USA Annuity and Life Insurance Company Key Developments

ING USA Annuity and Life Insurance Company Enters into a 10 Year Unsecured Reciprocal Loan Agreement with ING U.S., Inc

On January 14, 2014, ING USA Annuity and Life Insurance Company entered into a new, ten-year unsecured reciprocal loan agreement, effective January 14, 2014 with ING U.S. Inc., its indirect parent company. The Agreement replaced the reciprocal loan agreement dated as of January 1, 2004 between the Company and ING U.S. that expired by its terms on January 14, 2014. The purpose of the Agreement is to facilitate the financing of the short term cash requirements of each party to the Agreement by permitting each party to extend financing to, and borrow from, the other party. The Agreement provides that the maximum outstanding amount that the company may loan to ING U.S., or that ING U.S. may loan to the company, may not exceed 3% of the statutory admitted assets of the company as of December 31, 2013 of the applicable preceding year. Interest on any borrowing by the Company or ING U.S. under the Agreement will be charged at a per annum rate which is based on the prevailing market rate for similar third-party borrowings or securities with a similar credit quality and duration. The maximum term of any loan made under the Agreement shall be two hundred seventy (270) days.

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