ING Retirement Plus TSA

Fixed Annuity

ING Retirement Plus - Tax-Sheltered Annuity (TSA)

Withdrawal Charges

General Information

Product Names

ING Retirement Plus, Individual and Group

Front End Loads

None

Sales Charges

None

Annual Fees

None

Minimum Premium

$50 per payment or $500 annually

Maximum Issue Age

70½

Loan Provision

Yes

Minimum Loan

$500

Loan Rates

Currently charge 5.5% (8% max),

credit 3%

Disability Waiver of Withdrawal

Charges

Yes. If you are disabled and receiving Social Security disability payments, you may be able to withdraw your money with no withdrawal charge.

Penalty-Free Withdrawal Provision

Currently 10% of contract value (3% guaranteed)

Expanded Penalty-Free Withdrawal Provision

If a policyholder has separated from service after attaining age 55, has had the policy for five policy years, and withdrawals are used to fund retirement benefits under the plan, the guaranteed free withdrawal provision automatically increases from 3% each year to 20%, 25%, 33 ^1/3%, then 50% of the Net Cash Accumulation Value in Policy Years 6-9 respectively.

Policy Year 1	2	3	4	5	6	7	8	9 10+
Withdrawal Charges (%) 9	9	8	7	6	5	4	3	2 0.0

Withdrawal charges are based on Policy Year, not purchase payment date. Withdrawal charges are waived if annuitant dies.

Loans and Withdrawals

Withdrawals or loans may generate an income tax liability, reduce available cash value, reduce the death benefit, or cause the policy to lapse. The IRS imposes a 10% penalty on withdrawals of taxable funds before age 59½ unless specifically exempted. Consult your tax attorney or qualified tax professional for details.

Current Interest Guarantee Period

To end of current calendar year

Guaranteed Interest Rate

Bonus Crediting

4% of premium payments received in Policy Years 1-10, transferred to Cash Accumulation Value at the end of Policy Years 11-15

The 4% bonus is available for cash withdrawals in equal installments when it is transferred to the Cash Accumulation Value at the end of Policy Years 11-15.

Annuitizations

Amount

The full amount of your policy, including the bonus account value minus any loans, is available for annuitizations.

Minimum Period

In Policy Year 1 and thereafter, you may annuitize over any period of five years or longer. After Policy Year 5, you may annuitize over any period of 36 months or longer.

Guaranteed Options

Fixed Period Only, Life Only, 10-year Certain and Life, Joint, 100% Survivor and any other option we may offer.

Partial Annuitizations

Allowed

Other Distribution Options

Systematic Withdrawals

Required Minimum Distribution (RMD)

Planned Withdrawals

These features allow the policyholder access to policy funds at retirement without annuitizing.

RMD is a payout based on your life expectancy or the combined life expectancy of you and a beneficiary that is designed to meet the Minimum Distribution Requirements. Generally, RMDs for 403(b) plans must begin by April 1^st of the year following the later of the year in which you turn 70½ or retire. RMD payouts are recalculated annually based on your life expectancy (ies). Based upon the accuracy of the data provided to ReliaStar Life Insurance Company, the calculation of your RMD amount is guaranteed by the Company to comply with IRS guidelines.

Annuities have limitations. For additional information and complete details regarding the product, including costs, please contact your ING representative or the company.

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

Refers to policy Form Nos. 15218 R8-90 and 15248 5-92. Not available in all states. Temporarily unavailable in Utah.

Annuities are issued by ReliaStar Life Insurance Company, 20 Washington Avenue South,
Minneapolis, MN 55401. ReliaStar Life Insurance Company is a member of ING.
2004 ING North America Insurance Corporation

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