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ING Life Insurance and Annuity Company |
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Guaranteed Accumulation Account |
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Supplement dated May 17, 2013 to the |
Guaranteed Accumulation Account Prospectus dated April 30, 2012 |
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This supplement updates and amends certain information contained in your Guaranteed Accumulation Account Prospectus. |
Please read it carefully and keep it with your current Prospectus for future reference. | |
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IMPORTANT INFORMATION ABOUT THE COMPANY |
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The first three paragraphs of“The Company”section of the prospectus are deleted and replaced with the following: |
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ING Life Insurance and Annuity Company (the “Company,” “we,” “us,” “our”) issues the contracts described in |
the prospectus and is responsible for providing each contract’s insurance and annuity benefits. All guarantees and benefits |
provided under the contracts that are not related to the separate account are subject to the claims paying ability of the |
Company and our general account. | |
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We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976 and, until |
May 7, 2013, we were an indirect wholly owned subsidiary of ING Groep N.V. (“ING”), a global financial institution |
active in the fields of insurance, banking and asset management. Prior to January 1, 2002, the Company was known as |
Aetna Life Insurance and Annuity Company. | |
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Pursuant to an agreement with the European Commission (“EC”), ING has agreed to divest itself of ING U.S., Inc. and its |
subsidiaries, including the Company (collectively “ING U.S.”), which constitutes ING’s U.S.-based retirement, investment |
management and insurance operations. To effect this divestment, on May 7, 2013, ING completed an initial public offering |
(“IPO”) of the common stock of ING U.S. While ING is currently the majority shareholder of the common stock of ING |
U.S., pursuant to the agreement with the EC mentioned above ING is required to divest itself of at least 25% of ING U.S. |
by the end of 2013, more than 50% by the end of 2014 and 100% by the end of 2016. | |
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UPDATE TO THE “FURTHER INFORMATION” SECTION OF THE PROSPECTUS |
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The Securities Act of 1933 Act number referenced in the“Further Information”section of the contract |
prospectus is hereby deleted and replaced with the following: 333-180532. | |
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X.180532-13 | May 2013 |