0.00% 

5% Premium Bonus, vested over 10 yrs. at 20% every 2 years. 
Minimum guaranteed rate is 2.0% on 87.5% of the premiums, less withdrawals, premium taxes and surrender charges, if any.  

Fixed rate is fixed at issue for one year and reset annually thereafter. 

Minimum:  NQ & Q(0-80; Except IN 0-75): 
                $15,000 single                   
                  
Maximum: $1,000,000 without prior home office approval. 

10 

0 - 80 

There are 10-years of surrender charges as follows:

10%, 10%, 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 0%

For HI, IL, IN, MA, MD & VT:
16%, 15%, 14%, 13%, 12%, 11%, 10%, 8%, 6%, 4%, 0%

For MA, MD:
10%, 10%, 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 0%

For NV:
10%, 10%, 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 0%

For TX:
9.1%, 8.3%, 7.4%, 6.6%, 5.7%, 4.8%, 3.9%, 2.9%, 1.9%, 1%

Charges may vary for ages 56+.

Premium bonus recapture schedule:
100%, 100%, 80%, 80%,60%, 60%, 40%, 40%, 20%, 20%, 0% 

In the first contract year, systematic interest withdrawals may be made from the Fixed Interest Strategy only without surrender penalty.  After the first contract year, 10% of the accumulation value (as of date of withdrawals) may be withdrawn without surrender charge.  Partial withdrawals are taken proportionally from each of the strategies.  If more than the free withdrawal amount is taken, or if the annuity is surrendered, a surrender charge is deducted from the total amount withdrawn during that contract year.  

Annuitization available after the first contract year (five contract years in MS) and is based on the greater of the cash surrender value (accumulation value in MS) or guaranteed value.  There is no surrender charges if the annuitization period is at least 10 years (120 months).

Death Benefit: Upon death of the owner (annuitant in MS), the greater of the accumulation value or minimum guaranteed contract value is paid to the beneficiary.

 

There is a choice of three accumulation strategies:
1.  A fixed interest rate which is set when the policy is issued, guaranteed for one year, and reset annually thereafter.
2.  Annual Point-to-Point, with a cap, linked to the S&P 500, annual reset, 100% guaranteed participation rate for life of the contract; credits annually 100% of any positive index increase up to the cap.  
3. The Monthly Cap Index Strategy tracks monthly changes in the S&P 500® Index1 (subject to a monthly cap), adds the percentage changes at the end of the indexing period and credits your annuity if positive.

Rates are declared separately for money moved between strategies.  Moved money receives the interest rate, participation rate, and/or cap in effect at the time of the transfer. 

When the contract is issued, the policyholder set the percentage placed into each strategy.  Premiums received after contract issue are distributed among the strategies in the same percentage as the initial request, unless different instructions are given.  Each anniversary thereafter, redistribution of all or some of the accumulation value is allowed among the strategies. 

ING_Rates.pdf 

Loans are available for 403(b) contracts at a 2% net and loaned values from the index strategies will not receive index credit.  

Banding may not be applied in all states.

Nursing Home/Terminal Illness benefit:  Access to accumulation value if owner (annuitant in MS) becomes hospitalized or confined to an eligible nursing home for at least 45 days during any continuous 60-day period (30 consecutive days for MS) or diagnosed with a terminal illness (life expentancy of 12 months or less) on or after the first contract anniversary.  Terminal Illness waiver is not available in MS.  Nursing Home & Terminal Illness Waivers not available in MA & PA.

IncomeProtector Withdrawal Benefit-
(Check state availability)  

Allows owner/annuitant to receive guaranteed income for life without annuitization. The income amount is a percentage of the Maximum Annual Withdrawal (MAW) value based on the age at time of election. MAW equals all 1st  year premiums plus 7% annual interest for generally up to 10 contract years. If the MAV is less than the Contract value, the MAV will step up to equal the Contract Value. There is an annual 0.40% charge for this rider, refundable to the beneficiary upon death of the owner/annuitant.

Owner/annuitant eligible to elect this benefit at age 50 and after the first contract year, after which income payments may be turned on or off at anytime.

Distribution choices:
1) Take normal withdrawals under the annuity without starting IncomeProtector Withdrawal benefit.
2) Elect IncomeProtector “Lifetime Income (LI)” and receive an annual payment guaranteed for your lifetime, per chart below.
			
O/A Age	            Single O/A	      Joint O/A
at election of LI      % of MAW	      % of MAW
50-54		4.0%	         3.5%
55-59		4.5%	         4.0%
60-64		5.0%	         4.5%
65-69		5.5%	         5.0%
70-74		6.0%	         5.5%
75-79		6.5%	         6.0%
80-84		7.0%	         6.5%
85-89		7.5%	         7.0%
90+		8.0%	         7.5% 

Issue age for IN, MS is 0-75. All other approved states are 0-80. Issue age is based on client's age at the time the contract is ISSUED, not when the application is signed or submitted. If client reaches age 81 or older before contract is issued, application and monies will be returned. 1035 exchange/transfers: Funds must be received prior to client's 81st birthday. 

Commission
Age   0-80     Year        Trail        
                       1                             
Option A         7.00%      0.00%
Option B         5.50%      0.25%
Option C         3.00%      0.66%  
Option D         2.50%      0.75%                   
       
If the Owner annuitizes the annuity contract during the first contract year (SPIA excluded), commissions on all premiums paid during the first contract year will be charged back per the schedule shown below.

If, during the first contract year, the Owner takes a partial withdrawal or surrenders the annuity contract, commissions paid or credited during the twelve month period immediately preceding the withdrawal or surrender will be charged back as follows:

Contract Months 1-6:  100% chargeback
Contract Months 7-12:  50% chargeback
Contract Months 13+:     0% chargeback

If the Owner dies in the first contract year, there will be a 50% chargeback.

In addition to those states which require delivery receipts in all cases, delivery receipts are also required when the initial premium for a contract generates commission greater than $30,000, and the portion of the commission exceeding $30,000 will be released 30 days after the signed delivery receipt is provided to the Administrative Office.

The Company reserves the right to reduce or not pay commissions on internal rollovers, transfers or ING affiliated company replacements.

Bonus Recapture Rate for MA, MD:
100%, 100%, 80%, 80%, 60%, 60%, 40%, 40%, 20%, 20%, 0% 

Alaska
Connecticut
Delaware
Minnesota
New Jersey
New York
Oregon
Puerto Rico
Washington