ING USA ANNUITY AND LIFE INSURANCE COMPANY
PROSPECTUS SUPPLEMENT
DATED JUNE 27, 2005
SUPPLEMENT TO THE PROSPECTUS
DATED APRIL 29, 2005
FOR
DEFERRED MODIFIED GUARANTEED ANNUITY CONTRACTS
ISSUED BY
ING USA ANNUITY AND LIFE INSURANCE COMPANY
("ING RETIREMENT PROTECTOR ANNUITY PROSPECTUS")
FOR USE ONLY IN THE STATE OF CONNECTICUT
-------------------------------
The information in this supplement updates and amends certain information
contained in the above listed prospectus. You should read and keep this
supplement along with the prospectus.
For Contracts issued in the State of Connecticut, the text under "Fees and
Expenses" on page 1 of the prospectus is deleted and replaced with the
following:
CONTRACT OWNER TRANSACTION EXPENSES*
Surrender Charge**:
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
CONTRACT YEAR 1 2 3 4 5 6 7 8 9 10
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
SURRENDER 8% 8% 7% 7% 6% 5% 4% 3% 2% 1%
CHARGE
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
* A Market Value Adjustment may apply to certain transactions. This
may increase or decrease your contract value and/or your surrender
amount. In addition, if you withdraw money from your Contract, die, or
begin receiving annuity payments, we may deduct a premium tax charge
of 0% to 3.5% to pay to your state.
** "Contract Year" refers to the complete years elapsed since the
beginning of the Term. The length of the surrender charge period is
equal to the Term Indexed Account term period which can vary from
5 to 10 years.
CT-136525 6/27/2005
The text in the second paragraph under the section entitled "Surrender Charge -
Term Indexed Account Only" on page 16 of the prospectus is replaced with the
following:
The surrender charge varies by the length of the Term selected, beginning with
8% during contract years 1 and 2, 7% during contract years 3 and 4 and reducing
by 1% every year to the earlier of the end of the Term or the 10th contract
year. No surrender charge is imposed upon a surrender for those Accounts at the
end of a Term or thereafter.
The surrender charge table on page 17 of the prospectus is replaced with the
following:
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
CONTRACT YEAR 1 2 3 4 5 6 7 8 9 10
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
SURRENDER 8% 8% 7% 7% 6% 5% 4% 3% 2% 1%
CHARGE
- ---------------- ----- ------ ----- ----- ----- ----- ----- ----- ----- -----
ING USA ANNUITY AND LIFE INSURANCE COMPANY
ING USA Annuity and Life Insurance Company is a stock company domiciled in Iowa.
CT-136525 6/27/2005