ING Variable Annuities Improves Investment Flexibility with Minimum Guaranteed Income Benefit; Adds Investment Options to Line-up

ING U.S. Financial Services (NYSE: ING) has announced increased investment flexibility and control for owners of its variable annuity contracts which have the Minimum Guaranteed Income Benefit (MGIB) rider available. This means that owners of ING USA Annuity and Life Insurance Company variable annuity contracts with MGIB riders can now allocate their entire contract value into any investment option available under the contract without having to invest a 20% minimum allocation in the fixed allocation fund bond investment options previously required, according to the company.

The change became effective at the end of April 2007. ING Variable Annuities said in its announcement that the change provides financial professionals and their clients with more control over investments, the opportunity for greater equity market participation, and the prospect of taking greater advantage of the popular 'Quarterly Ratchet' feature that allows ING Variable Annuity contract owners the opportunity to lock in gains four times a year.

According to the Company, elimination of the required 20% allocation into a fixed allocation fund applies to in-force variable annuity contracts issued with the MGIB rider after August 20, 2006, since MGIB riders issued before then did not include the 20% asset allocation requirement. The asset allocation requirements, including the 20% Fixed Allocation Fund minimum requirement, remain in effect for all ING LifePay and ING Joint LifePay variable annuity contracts.

ING Variable Annuity investment portfolio enhanced, simplified

ING Variable Annuities also announced it has added several new investment options to all of its variable annuity contracts, effective April 30, 2007, according to the announcement.

ING Franklin Templeton Founding Strategy Portfolio has been added as a fund-of-funds option within the ING Variable Annuity investment option line- up. This fund-of-funds portfolio consists of three investment options: ING Franklin Income Portfolio, ING Templeton Global Growth Portfolio, and ING Franklin Mutual Shares Portfolio.

New investment options now available for ING Variable Annuity contract owners are:

   - ING Van Kampen Equity & Income Portfolio
   - ING Franklin Mutual Shares Portfolio
   - ING T. Rowe Price Growth Equity Portfolio

Additionally, the following ING Variable Annuities investment changes are also effective this month:

   - ClearBridge Advisors, LLC. will now subadvise the ING Legg Mason
     Aggressive Growth Portfolio
   - ING Janus Contrarian Portfolio is now substituted for ING Legg Mason
     Partners All Cap Portfolio

   - ING FMR Diversified Mid Cap Portfolio is now substituted for ING
     Capital Guardian Small/MidCap Portfolio, which is now closed to new
     investments.

Variable annuities are long-term insurance contracts designed for investing for retirement. They offer the opportunity to allocate premiums among fixed and variable investment options that have the potential to grow income tax-deferred until an income stream begins.

Annuities are issued by ING USA Annuity and Life Insurance Company and ReliaStar Life Insurance Company of New York. Variable Annuities are distributed by Directed Services LLC. member NASD. 1475 Dunwoody Drive, West Chester, PA 19380. Only ReliaStar Life Insurance Company of New York is admitted, and its products offered, in the state of New York. All are members of the ING family of companies.

All guarantees are based on the financial strength and claims paying ability of ING USA Annuity and Life Insurance Company, who is solely responsible for all obligations under its policies.

Variable insurance products are subject to investment risk, are not guaranteed and will fluctuate in value. In addition, there is no guarantee that any variable investment option will meet its stated objective.

You should consider the investment objectives, risks and charges, and expenses of the variable annuity and its underlying investment options carefully before investing. The prospectuses for the variable annuity and underlying investment options contain this and other information. You may obtain free prospectuses by calling your financial professional or 800-366-0066. Please read the prospectuses carefully before investing.

In the U.S., the ING family of companies offer a comprehensive array of financial services to retail and institutional clients which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 14 million customers across the nation.

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

For more information, visit www.ing.com

First Call Analyst:
FCMN Contact: chuck.eudy@us.ing.com

SOURCE: ING U.S. Financial Services

CONTACT: Press, Chuck Eudy of ING US Financial Services,
+1-770-980-5209, mobile, +1-770-490-6420, chuck.eudy@us.ing.com

Web site: http://www.ing.com/