485BPOS 1 final.htm REGISTRATION STATEMENT final.htm - Generated by SEC Publisher for SEC Filing
 As filed with the Securities and Exchange  Registration No. 333-85618 
 
 Commission on April 15, 2010  Registration No. 811-07935 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM N-4
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933   
                     Pre-Effective Amendment No.                             [     ] 
                     Post-Effective Amendment No. 38  [ X ] 
and/or     
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 
                     Amendment No.  [ X ] 
 
SEPARATE ACCOUNT NY-B
(Exact Name of Registrant)
 
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
(Name of Depositor)
1000 Woodbury Road, Suite 208
Woodbury, New York 11797
(800) 963-9539
(Address and Telephone Number of Depositor’s Principal Offices) 
 
John S. (Scott) Kreighbaum, Esq.
ReliaStar Life Insurance Company of New York
1475 Dunwoody Drive, West Chester, PA 19380-1478
(610) 425-3404
 
(Name and Address of Agent for Service of Process)
Approximate Date of Proposed Public Offering:     
As soon as practical after the effective date of the Registration Statement   

It is proposed that this filing will become effective (check appropriate box): 
                     [    ]  immediately upon filing pursuant to paragraph (b) of Rule 485 
                     [ X ]  on April 30, 2010 pursuant to paragraph (b) of Rule 485 
                     [    ]  60 days after filing pursuant to paragraph (a)(1) of Rule 485 
                     [    ]  on pursuant to paragraph (a)(1) of Rule 485 

If appropriate, check the following box: 
                     [      ]  this post-effective amendment designates a new effective date for a 
  previously filed post-effective amendment. 
 
Title of Securities Being Registered: 
Deferred Combination Variable and Fixed Annuity Contracts 


PART A 


SUPPLEMENT Dated April 30, 2010
To The Prospectus Dated April 30, 2010 For 
 
ING Empire Traditions
 
Issued By ReliaStar Life Insurance Company of New York 
Through Its Separate Account NY-B

This supplement updates the prospectus for your variable annuity contract. Please read it 
carefully and keep it with your copy of the prospectus for future reference. If you have any 
questions, please call our Customer Service Center at 1-800-366-0066. 

Notice of Portfolio Reorganizations 

Effective after the close of business on or about August 20, 2010, the following Disappearing
Portfolios will reorganize into and become part of the following Surviving Portfolios:

Disappearing Portfolios  Surviving Portfolios 
ING Opportunistic LargeCap Portfolio  ING Growth and Income Portfolio 
ING Wells Fargo Small Cap Disciplined Portfolio  ING Small Company Portfolio 

These reorganizations will be administered pursuant to reorganization agreements, which have been
approved by the boards of trustees of the Disappearing Portfolios. The reorganizations will also be
subject to shareholder approval. If shareholder approval is obtained, each reorganization is
expected to take place on or about August 20, 2010, resulting in a shareholder of a given
Disappearing Portfolio becoming a shareholder of the corresponding Surviving Portfolio. Each
shareholder will thereafter hold shares of the Surviving Portfolio having equal aggregate value as
shares of the Disappearing Portfolio, and the Disappearing Portfolios will no longer be available
under the contract.

Unless you provide us with alternative allocation instructions, all future allocations directed to a
given Disappearing Portfolio will be automatically allocated to the corresponding Surviving
Portfolio. You may give us alternative allocation instructions at any time by contacting our
Customer Contact Center at 1-800-366-0066.

As of the relevant effective date noted above, any references in the prospectus to the Disappearing
Portfolios as being available under the contract are deleted.


ReliaStar Life Insurance Company of New York 
Separate Account NY-B of ReliaStar Life Insurance Company of New York 
Deferred Combination Variable and Fixed Annuity Prospectus 
                       ING EMPIRE TRADITIONS VARIABLE ANNUITY 

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April 30, 2010 

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This prospectus describes ING Empire Traditions Variable Annuity, a deferred combination variable and fixed
annuity contract (the “Contract”) offered for sale by ReliaStar Life Insurance Company of New York (“ReliaStar of
NY,” the “Company,” “we” or “our”) through Separate Account NY-B (the “Separate Account”). The Contract
was available in connection with certain retirement plans that qualify for special federal income tax treatment
(“qualified Contracts”) under the Internal Revenue Code of 1986, as amended (the “Tax Code”), as well as those
that do not qualify for such treatment (“non-qualified Contracts”). As of March 15, 2010, we are no longer offering
this Contract for sale to new purchasers.

The Contract provides a means for you to allocate your premium payments and any associated premium credits,
if applicable, in one or more subaccounts, each of which invest in a single investment portfolio. You may also
allocate premium payments and any associated premium credits, if applicable, to our Fixed Interest Division with
guaranteed interest periods. Your contract value will vary daily to reflect the investment performance of the
investment portfolio(s) you select and any interest credited to your allocations in the Fixed Interest Division. Some
guaranteed interest periods or subaccounts may not be available. The investment portfolios available under your
Contract are listed on the back of this cover.

You have a right to return a Contract within 10 days after you receive it for a refund of the adjusted contract
value, less any premium credits, if applicable (which may be more or less than the premium payments you paid).
Longer free look periods apply in certain situations.

Replacing an existing annuity with the Contract may not be beneficial to you. Your existing annuity may
be subject to fees or penalties on surrender, and the Contract may have new charges.

This prospectus provides information that you should know before investing and should be kept for future
reference. A Statement of Additional Information (“SAI”), dated April 30, 2010, has been filed with
the Securities and Exchange Commission (“SEC”). It is available without charge upon request. To obtain a copy of
this document, write to our Customer Service Center at P.O. Box 9271, Des Moines, Iowa 50306-9271 or call (800)
366-0066, or access the SEC’s website (http://www.sec.gov). When looking for information regarding the contracts
offered through the prospectus, you may find it useful to use the number assigned to the registration statement under
the Securities Act of 1933. The number is 333-85618. The table of contents of the SAI is on the last page of this
prospectus and the SAI is made part of this prospectus by reference.

The Securities and Exchange Commission has not approved or disapproved these securities or passed
upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

The Contract has a premium credit option that is available for an additional charge. The expenses for a contract
providing a premium credit, as this Contract does, may be higher than for contracts not providing a premium credit.
Over time, and under certain circumstances, the amount of the premium credit may be more than offset by the
additional fees and charges associated with the premium credit. See “The Annuity Contract – Additional Credit to
Premium” for further information about the terms of the premium credit option. See “Charges and Fees – Charges
Deducted from the Subaccounts – Premium Credit Option Charge” for further information about the additional fees and
charges associated with the premium credit option.

Allocations to a subaccount investing in a Trust or Fund (investment portfolio) is not a bank deposit and
is not insured or guaranteed by any bank or by the Federal Deposit Insurance Corporation or any other
government agency.

We pay compensation to broker/dealers whose registered representatives sell the Contract. See “Other
Contract Provisions – Selling the Contract” for further information about the amount of compensation we
pay.

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The investment portfolios are listed on the next page. 

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The investment portfolios currently available under your Contract are:

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ING Investors Trust  ING Partners, Inc. 
 ING American Funds Asset Allocation Portfolio     ING Baron Small Cap Growth Portfolio (Service Class) 
 ING American Funds Bond Portfolio     ING Davis New York Venture Portfolio (Service Class) 
 ING American Funds Growth Portfolio     ING JPMorgan Mid Cap Value Portfolio (Service Class) 
 ING American Funds Growth-Income Portfolio     ING Templeton Foreign Equity Portfolio (Service Class) 
 ING American Funds International Portfolio     ING T. Rowe Price Growth Equity Portfolio (Service Class) 
 ING American Funds World Allocation Portfolio (Class S)     ING Van Kampen Comstock Portfolio (Service Class) 
 ING Artio Foreign Portfolio (Class S)     ING Van Kampen Equity and Income Portfolio (Service Class) 
 ING BlackRock Inflation Protected Bond Portfolio (Class S)   
 ING BlackRock Large Cap Growth Portfolio (Class S)  ING Variable Funds 
 ING DFA Global All Equity Portfolio (Class S)     ING Growth and Income Portfolio (Class S) 
 ING FMRSM Diversified Mid Cap Portfolio (Class S)   
 ING Franklin Income Portfolio (Class S)  ING Variable Portfolios, Inc. 
 ING Franklin Mutual Shares Portfolio (Class S)     ING BlackRock Science and Technology Opportunities 
 ING Franklin Templeton Founding Strategy Portfolio (Class S)         Portfolio (Class S) 
 ING JPMorgan Small Cap Core Equity Portfolio (Class S)     ING EURO STOXX 50® Index Portfolio (ADV Class) 
   ING Liquid Assets Portfolio (Class S)     ING FTSE 100 Index® Portfolio (ADV Class) 
   ING Marsico Growth Portfolio (Class S)     ING Hang Seng Index Portfolio (Class S) 
   ING MFS Total Return Portfolio (Class S)     ING International Index Portfolio (Class S) 
   ING MFS Utilities Portfolio (Class S)     ING Japan TOPIX Index® Portfolio (ADV Class) 
   ING Morgan Stanley Global Franchise Portfolio (Class S)     ING Russell™ Large Cap Growth Index Portfolio (Class S) 
   ING Morgan Stanley Global Tactical Asset Allocation Portfolio     ING RussellTM Large Cap Index Portfolio (Class S) 
       (Class S)     ING Russell™ Large Cap Value Index Portfolio (Class S) 
   ING Oppenheimer Active Allocation Portfolio (Class S)     ING Russell™ Mid Cap Growth Index Portfolio (Class S) 
   ING PIMCO High Yield Portfolio ( Class S)     ING RussellTM Mid Cap Index Portfolio (Class S) 
   ING PIMCO Total Return Bond Portfolio (Class S)     ING RussellTM Small Cap Index Portfolio (Class S) 
   ING Pioneer Fund Portfolio (Class S)     ING Small Company Portfolio (Class S) 
   ING Pioneer Mid Cap Value Portfolio (Class S)     ING U. S. Bond Index Portfolio (Class S) 
   ING Retirement Conservative Portfolio (ADV Class)     ING WisdomTreeSM Global High-Yielding Equity Index 
   ING Retirement Growth Portfolio (ADV Class)         Portfolio (Class S) 
   ING Retirement Moderate Growth Portfolio (ADV Class)   
   ING Retirement Moderate Portfolio (ADV Class)  ING Variable Products Trust 
   ING Templeton Global Growth Portfolio (Class S)     ING MidCap Opportunities Portfolio (Class S) 
   ING T. Rowe Price Capital Appreciation Portfolio (Class S)   
   ING T. Rowe Price Equity Income Portfolio (Class S)  ING Intermediate Bond Portfolio (Class S) 
   ING Van Kampen Growth and Income Portfolio (Class S)   
 ING Wells Fargo Health Care Portfolio (Class S)  BlackRock Variable Series Funds, Inc. 
 ING Wells Fargo Omega Growth Portfolio (Class S)     BlackRock Global Allocation V.I. Fund (Class III) 

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These investment portfolios comprise the subaccounts open to new premiums and transfers. More information can be found
in the appendices. See Appendix A for all subaccounts and valuation information. Appendix B highlights each portfolio’s
investment objective and adviser (and any subadviser or consultant), as well as indicates recent portfolio changes. If you
received a summary prospectus for any of the underlying investment portfolios available through your contract, you
may obtain a full prospectus and other fund information free of charge by either accessing the internet address,
calling the telephone number or sending an email request to the contact information shown on the front of the
portfolio's summary prospectus.

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TABLE OF CONTENTS   
 
 
  Page 
INDEX OF SPECIAL TERMS  1 
FEES AND EXPENSES  2 
CONDENSED FINANCIAL INFORMATION  6 
RELIASTAR OF NY SEPARATE ACCOUNT NY-B  7 
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK  7 
THE TRUSTS AND FUNDS  9 
CHARGES AND FEES  11 
THE ANNUITY CONTRACT  18 
LIVING BENEFIT RIDERS  26 
WITHDRAWALS  59 
TRANSFERS AMONG YOUR INVESTMENTS (EXCESSIVE TRADING POLICY)  62 
DEATH BENEFIT CHOICES  66 
THE INCOME PHASE  69 
OTHER CONTRACT PROVISIONS  73 
OTHER INFORMATION  77 
FEDERAL TAX CONSIDERATIONS  78 
STATEMENT OF ADDITIONAL INFORMATION  89 
APPENDIX A – Condensed Financial Information  A1 
APPENDIX B – The Investment Portfolios  B1 
APPENDIX C – Fixed Interest Division  C1 
APPENDIX D – Surrender Charge for Excess Withdrawals Example  D1 
APPENDIX E – Examples of Minimum Guaranteed Income Benefit Calculation  E1 
APPENDIX F – ING LifePay Plus and ING Joint LifePay Plus Partial Withdrawal Amount Examples  F1 
APPENDIX G – Examples of Fixed Allocation Funds Automatic Rebalancing  G1 
APPENDIX H – ING LifePay and ING Joint LifePay  H1 
APPENDIX I – Minimum Guaranteed Withdrawal Benefit  I1 

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 INDEX OF SPECIAL TERMS 
 
The following special terms are used throughout this prospectus. Refer to the page(s) listed for an explanation of 
each term: 

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Special Term  Page 
Accumulation Unit  6 
Annual Ratchet Enhanced Death Benefit  67 
Annuitant  19 
Cash Surrender Value  24 
Contract Date  18 
Contract Owner  18 
Contract Value  24 
Contract Year  18 
Fixed Interest Allocation  25 
Free Withdrawal Amount  12 
GET Fund  9 
Income Phase Payment Start Date  23 
Net Investment Factor  6 
Net Rate of Return  6 
Restricted Funds  10 
Standard Death Benefit  67 

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The following terms as used in this prospectus have the same or substituted meanings as the corresponding terms
currently used in the Contract:

Term Used in This Prospectus  Corresponding Term Used in the Contract 
Accumulation Unit Value  Index of Investment Experience 
Contract Owner  Owner or Certificate Owner 
Contract Value  Accumulation Value 
Fixed Interest Allocation or Division  Fixed Allocation 
Free Look Period  Right to Examine Period 
Guaranteed Interest Period  Guarantee Period 
Income Phase Payment Start Date  Annuity Commencement Date 
Net Investment Factor  Experience Factor 
Regular Withdrawals  Conventional Partial Withdrawals 
Subaccount(s)  Division(s) 
Transfer Charge  Excess Allocation Charge 
Withdrawals  Partial Withdrawals 

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 FEES AND EXPENSES 
 
The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the 
contract. For more information about the fees and expenses, please see the “Charges and Fees” section later in the 
prospectus. 
 
The first table describes the fees and expenses that you will pay at the time that you buy the contract, surrender 
the contract, or transfer contract value between investment options. State premium taxes may also be deducted. 

Contract Owner Transaction Expenses 

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Surrender Charge:                 
 
 Complete Years Elapsed  0  1  2  3           4  5  6  7+ 
         Since Premium Payment                 
 Surrender Charge (as a percentage of  6%  6%  6%  6%           5%  4%  3%  0% 
         Premium Payment)                 
 
Transfer Charge          $25 per transfer, if you make more 
than 12 transfers in a contract year, currently zero             
 
Overnight Charge1                $20       
 
1 You may choose to have this charge deducted from the amount of a withdrawal you would like sent to you by 
         overnight delivery service.                 

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The next table describes the fees and expenses that you will pay periodically during the time that you own the
contract, not including Trust or Fund fees and expenses.

Annual Contract Administrative Charge $30

(We deduct this charge on each contract anniversary and on surrender. We waive this charge if the total of
your premium payments is $50,000 or more or if your contract value at the end of a contract year is
$50,000 or more.)

Separate Account Annual Charges1
Contract without any of the optional living benefit riders that may be available 

  Option  Option  Option 
  Package I2  Package II  Package III 
Mortality & Expense Risk Charge  1.10%  1.30%  1.45% 
Asset-Based Administrative Charge  0.15%  0.15%  0.15% 
 Total  1.25%  1.45%  1.60% 
 
Premium Credit Option Charge3  0.50%  0.50%  0.50% 
 Total With Optional Premium Credit Charge  1.75%  1.95%  2.10% 

1 As a percentage of average daily assets in each subaccount. These charges are deducted daily. 
 
2 The option packages constitute different levels of death benefit coverage that are available with the Contract. Please 
         see “Death Benefit Choices” for more information. 

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  3 When you elect the Premium Credit Option, we will add a credit to your Contract based on all premium payments
received during your first contract year. There are circumstances under which all or part of a premium credit is subject
to forfeiture in accordance with the following table:

Contract Year of  Percentage of Premium Credit 
Surrender or  Forfeited (based on percentage of 
Withdrawal  first year premium withdrawn) 
Years 1-2  100% 
Years 3-4  75% 
Years 5-6  50% 
Year 7  25% 
Years 8+  0% 

Please see “The Annuity Contract – Additional Credit to Premium” for more information.

The next tables show the charges for the optional riders that may be available with the Contract. You may add
only one of the following living benefit riders to your Contract. For more information about which one may be right
for you, please see “Living Benefit Riders.” For more information about the charges for the optional riders, please
see “Charges and Fees – Optional Rider Charges.”

Optional Living Benefit Rider Charges1 

Minimum Guaranteed Accumulation Benefit “MGAB” rider: 
 
  Maximum Annual Charge  Current Annual Charge 
    (Charge Deducted Quarterly) 
  1.00% of the MGAB Charge Base2  0.65% of the MGAB Charge Base2 
 
Minimum Guaranteed Income Benefit “MGIB” rider: 
 
  Maximum Annual Charge  Current Annual Charge 
  1.50% of the MGIB Benefit Base3  0.75% of the MGIB Benefit Base3 
 
ING LifePay Plus Minimum Guaranteed Withdrawal Benefit rider: 
 
  Maximum Annual Charge  Current Annual Charge 
    (Charge Deducted Quarterly) 
  2.00% of the ING LifePay Plus Base4  0.70% of the ING LifePay Plus Base4 
 
ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit rider: 
 
  Maximum Annual Charge  Current Annual Charge 
    (Charge Deducted Quarterly) 
  2.50% of the ING Joint LifePay Plus Base5  0.90% of the ING Joint LifePay Plus Base5 
 
         1     Optional rider charges are expressed as a percentage, rounded to the nearest hundredth of one percent. The basis 
     for an optional rider charge may be a charge base, benefit base or contract value, as applicable. Optional rider 
     charges are deducted from the contract value in your subaccount allocations. You may add only one optional 
     rider to your Contract.   
 
         2     The MGAB Charge Base is calculated based on total premiums and any premium credits, if applicable, within a 
     two-year period from the rider date. Please see “Charges and Fees - Optional Rider Charges – Minimum 
     Guaranteed Accumulation Benefit (MGAB)” and “Living Benefit Riders – Minimum Guaranteed Accumulation 
     Benefit Rider (the “MGAB” rider)” later in this prospectus for more information. 

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3 The MGIB Benefit Base is equal to the greater of the MGIB Rollup Base and the MGIB Ratchet Base and is 
     calculated based on eligible premiums and premium credits, if applicable. Please see “Charges and Fees – 
     Optional Rider Charges – Minimum Guaranteed Income Benefit (MGIB)” and “Living Benefit Riders – 
     Minimum Guaranteed Income Benefit Rider (the “MGIB rider”)” later in this prospectus for more information. 
 
       4 The ING LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is 
     elected at contract issue. The ING LifePay Plus Base is calculated based on contract value, excluding any 
     premium credits applied during the preceding 36 months, if this rider is added after contract issue. The current 
     annual charge is 0.60% if this rider was purchased before February 2, 2009. The current annual charge can 
     change upon a reset after your first five contract years. But you will never pay more than new issues of this rider, 
     subject to the maximum annual charge. Please see “Charges and Fees – Optional Rider Charges – ING LifePay 
     Plus Minimum Guaranteed Withdrawal Benefit (ING LifePay Plus) Rider Charge” and “Living Benefit Riders – 
     ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider” later in this 
     prospectus. 
 
       5 The ING Joint LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is 
     elected at contract issue. The ING Joint LifePay Plus Base is calculated based on contract value, excluding any 
     premium credits applied during the preceding 36 months, if this rider is added after contract issue. The current 
     annual charge is 0.80% if this rider was purchased before February 2, 2009. The current annual charge can 
     change upon a reset after your first five contract years. But you will never pay more than new issues of this rider, 
     subject to the maximum annual charge. Please see “Charges and Fees – Optional Rider Charges – ING Joint 
     LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus) Rider Charge” and “Living 
     Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) 
     Rider” later in the prospectus. 

The next two tables show the total annual charges you could pay based on the amounts you have invested in
the subaccounts (unless otherwise indicated), for the Contract and each death benefit and the most expensive
combination of riders possible. Maximum and current charges are shown, but not the Annual Contract
Administrative Charge. Also, these tables do not show the Trust or Fund Expenses. Please note that the bases for
some charges may differ somewhat. For example, the charge for the ING Joint LifePay Plus rider is based on the
ING Joint LifePay Plus Base, which can be higher than contract value, leading to higher charges than would be the
case if it were based on contract value. Nevertheless, for purposes of these tables, we have assumed that the value
of the amounts invested in the subaccounts and the ING Joint LifePay Plus Base are both the same as the contract
value. The charge for the Premium Credit Option lasts for your first seven contract years following the credit.

Separate Account Annual Charge Tables 

MAXIMUM CHARGES  Option  Option  Option 
  Package I  Package II  Package III 
 Mortality & Expense Risk Charge  1.10%  1.30%  1.45% 
 Asset-Based Administrative Charge  0.15%  0.15%  0.15% 
 Premium Credit Option Charge  0.50%  0.50%  0.50% 
 Maximum ING Joint LifePay MGWB Rider       
       Charge (as percentage of the ING Joint       
       LifePay Plus Base)  2.50%  2.50%  2.50% 
 Total  4.25%  4.45%  4.60% 
 
CURRENT CHARGES  Option  Option  Option 
  Package I  Package II  Package III 
 Mortality & Expense Risk Charge  1.10%  1.30%  1.45% 
 Asset-Based Administrative Charge  0.15%  0.15%  0.15% 
 Premium Credit Option Charge  0.50%  0.50%  0.50% 
 Current ING Joint LifePay MGWB Rider       
         Charge (as percentage of the ING Joint       
         LifePay Plus Base)  0.90%  0.90%  0.90% 
Total  2.65%  2.85%  3.00% 

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The next item shows the minimum and maximum total operating expenses charged by a Trust or Fund that you
may pay periodically during the time that you own the Contract. More detail concerning each Trust or Fund’s fees
and expenses is contained in the prospectus for each Trust or Fund.

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Total Annual Trust or Fund Operating Expenses1  Minimum  Maximum 
(expenses that are deducted from Trust or Fund assets, including     
management fees, distribution and/or service (12b-1) fees, and other  0.54%  2.76% 
expenses):     

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1          No waiver or reimbursement arrangements are reflected. These expenses reflect the expenses of the other (acquired) 
         funds with a fund of funds. No Trust or Fund currently charges a redemption fee. For more information about 
         redemption fees, please see “Charges and Fees – Charges Deducted From the Contract Value – Redemption Fees.” 

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Example

This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other
variable annuity contracts. The example assumes that you invest $10,000 in the Contract for the time periods
indicated. The costs reflected are the maximum charges for the Contract with the most expensive death benefit
option and the most expensive living benefit rider. The example also assumes that your investment has a 5% return
each year and assumes the maximum Trust or Fund Expenses. Excluded are the premium credit option and its
charge, premium taxes and any transfer charges.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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1) If you surrender or annuitize* your contract at the end of the applicable time period: 
                             1 year         3 years         5 years       10 years 
$1,287  $2,683  $4,007  $7,206 
2) If you do not surrender your contract:     
                             1 year         3 years         5 years       10 years 
$687  $2,083  $3,507  $7,206 

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*  Surrender charges may apply if you choose to annuitize your Contract within the first year, and 
  under certain circumstances, within the first seven contract years. 

Compensation is paid for the sale of the Contracts. For information about this compensation, see “Other Contract
Provisions – Selling the Contract.”

Fees Deducted by the Funds
Fund Fee Information. The fund prospectuses show the investment advisory fees, 12b-1 fees and other
expenses including service fees (if applicable) charged annually by each fund. Fund fees are one factor that impacts
the value of a fund share. Please refer to the fund prospectuses for more information and to learn more about
additional factors.

The Company may receive compensation from each of the funds or the funds’ affiliates based on an annual
percentage of the average net assets held in that fund by the Company. The percentage paid may vary from one
fund company to another. For certain funds, some of this compensation may be paid out of 12b-1 fees or service
fees that are deducted from fund assets. Any such fees deducted from fund assets are disclosed in the fund
prospectuses. The Company may also receive additional compensation from certain funds for administrative,
recordkeeping or other services provided by the Company to the funds or the funds’ affiliates. These additional
payments may also be used by the Company to finance distribution. These additional payments are made by the
funds or the funds’ affiliates to the Company and do not increase, directly or indirectly, the fund fees and expenses.
Please see “Charges and Fees – Trust and Fund Expenses” for more information.

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In the case of fund companies affiliated with the Company, where an affiliated investment adviser employs
subadvisers to manage the funds, no direct payments are made to the Company or the affiliated investment adviser
by the subadvisers. Subadvisers may provide reimbursement for employees of the Company or its affiliates to
attend business meetings or training conferences. Investment management fees are apportioned between the
affiliated investment adviser and subadviser. This apportionment varies by subadviser, resulting in varying amounts
of revenue retained by the affiliated investment adviser. This apportionment of the investment advisory fee does not
increase, directly or indirectly, fund fees and expenses. Please see “Charges and Fees – Trust and Fund Expenses”
for more information.

How Fees are Deducted. Fees are deducted from the value of the fund shares on a daily basis, which in turn
affects the value of each subaccount that purchases fund shares.

 CONDENSED FINANCIAL INFORMATION 
 
Accumulation Unit 
We use accumulation units to calculate the value of a Contract. Each subaccount of Separate Account NY-B of 
ReliaStar of NY (“Separate Account NY-B”) has its own accumulation unit value. The accumulation units are 
valued each business day that the New York Stock Exchange is open for trading. Their values may increase or 
decrease from day to day according to a Net Investment Factor, which is primarily based on the investment 
performance of the applicable investment portfolio. Shares in the investment portfolios are valued at their net asset 
value.   
 
Tables containing (i) the accumulation unit value history of each subaccount of Separate Account NY-B offered in 
this prospectus and (ii) the total investment value history of each such subaccount are presented in Appendix A — 
Condensed Financial Information – for the lowest and highest combination of asset-based charges. The numbers 
show the year-end unit values of each subaccount from the time purchase payments were first received in the 
subaccounts under the Contract. Complete information is available in the SAI. 
 
The Net Investment Factor 
The Net Investment Factor is an index number which reflects certain charges under the Contract and the investment 
performance of the subaccount. The Net Investment Factor is calculated for each subaccount as follows: 
 
             1)  We take the net asset value of the subaccount at the end of each business day. 
 
             2)  We add to (1) the amount of any dividend or capital gains distribution declared for the subaccount and 
  reinvested in such subaccount. We subtract from that amount a charge for our taxes, if any. 
 
             3)  We divide (2) by the net asset value of the subaccount at the end of the preceding business day. 
 
             4)  We then subtract the applicable daily charges from the subaccount: the mortality and expense risk 
  charge; the asset-based administrative charge; the premium credit option charge, if applicable; any 
  optional rider charges; and, for the GET Fund subaccount only, the daily GET Fund guarantee charge. 

Calculations for the subaccounts are made on a per share basis.

The Net Rate of Return equals the Net Investment Factor minus one.

Financial Statements
The statements of assets and liabilities, the related statements of operations, and the statements of changes of
Separate Account NY-B and the financial statements of ReliaStar of NY are included in the Statement of Additional
Information.

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 RELIASTAR OF NY SEPARATE ACCOUNT NY-B 
 
ReliaStar of NY Separate Account NY-B (“Separate Account NY-B”) was established as a separate account of First 
Golden American Life Insurance Company of New York (“First Golden”) on June 13, 1996. It became a separate 
account of ReliaStar of NY as a result of the merger of First Golden into ReliaStar of NY effective April 1, 2002. It 
is registered with the SEC as a unit investment trust under the Investment Company Act of 1940 (“1940 Act”). 
Separate Account NY-B is a separate investment account used for our variable annuity contracts. We own all the 
assets in Separate Account NY-B but such assets are kept separate from our other accounts. 
 
Separate Account NY-B is divided into subaccounts. Each subaccount invests exclusively in shares of one 
investment portfolio of a Trust or Fund. Each investment portfolio has its own distinct investment objectives and 
policies. Income, gains and losses, realized or unrealized, of a portfolio are credited to or charged against the 
corresponding subaccount of Separate Account NY-B without regard to any other income, gains or losses of the 
Company. Assets equal to the reserves and other contract liabilities with respect to each are not chargeable with 
liabilities arising out of any other business of the Company. They may, however, be subject to liabilities arising 
from subaccounts whose assets we attribute to other variable annuity contracts supported by Separate Account NY- 
B. If the assets in Separate Account NY-B exceed the required reserves and other liabilities, we may transfer the 
excess to our general account. We are obligated to pay all benefits and make all payments provided under the 
Contracts. 
 
Unlike Separate Account NY-B, the general account is not segregated or insulated from the claims of the 
Company’s creditors. 
 
Note: We currently offer other variable annuity contracts that invest in Separate Account NY-B but are not 
discussed in this prospectus. Separate Account NY-B may also invest in other investment portfolios which are not 
available under your Contract. Under certain circumstances, we may make certain changes to the subaccounts. For 
more information, see “The Annuity Contract — Addition, Deletion, or Substitution of Subaccounts and Other 
Changes.” 

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 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
 
ReliaStar of NY is a New York stock life insurance company originally incorporated on June 11, 1917 under the 
name The Morris Plan Insurance Society. ReliaStar of NY is authorized to transact business in all states, the District 
of Columbia, the Dominican Republic and the Cayman Islands and is principally engaged in the business of 
providing individual life insurance and annuities, employee benefit products and services, retirement plans, and life 
and health reinsurance. Until October 1, 2003, ReliaStar of NY was a wholly owned subsidiary of Security- 
Connecticut Life Insurance Company (“Security-Connecticut”). Effective October 1, 2003, Security-Connecticut 
merged with and into its parent, ReliaStar Life Insurance Company (“ReliaStar”). ReliaStar is an indirect wholly 
owned subsidiary of ING Groep, N.V. (“ING”), a global financial services holding company, based in The 
Netherlands. Although we are a subsidiary of ING, ING is not responsible for the obligations under the Contract. 
The obligations under the Contract are solely the responsibility of ReliaStar of NY. 
 
Directed Services LLC, the distributor of the Contracts and the investment manager of the ING Investors Trust, is 
also a wholly owned indirect subsidiary of ING. ING also indirectly owns ING Investments, LLC and ING 
Investment Management Co., portfolio managers of the ING Investors Trust and the investment managers of the 
ING Variable Insurance Trust, ING Variable Products Trust and ING Variable Product Portfolios, respectively. 
 
As part of a restructuring plan approved by the European Commission, ING has agreed to separate its banking and 
insurance businesses by 2013. ING intends to achieve this separation over the next four years by divestment of its 
insurance and investment management operations, including the Company. ING has announced that it will explore 
all options for implementing the separation including initial public offerings, sales or combinations thereof. 

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Our principal office is located at 1000 Woodbury Road, Suite 208, Woodbury, New York 11797.

Regulatory Matters
As with many financial services companies, the Company and its affiliates have received informal and formal
requests for information from various state and federal governmental agencies and self-regulatory organizations in
connection with inquiries and investigations of the products and practices of the financial services industry. In each
case, the Company and its affiliates have been and are providing full cooperation.

Insurance and Retirement Plan Products and Other Regulatory Matters. Federal and state regulators, and
self-regulatory agencies are conducting broad inquiries and investigations involving the insurance and retirement
industries. These initiatives currently focus on, among other things, compensation, revenue sharing, and other sales
incentives; potential conflicts of interest; sales and marketing practices (including sales to seniors); specific product
types (including group annuities and indexed annuities); and disclosure. The Company and certain of its U.S.
affiliates have received formal and informal requests in connection with such investigations, and have cooperated
and are cooperating fully with each request for information. Some of these matters could result in regulatory action
involving the Company. These initiatives also may result in new legislation and regulation that could significantly
affect the financial services industry, including businesses in which the Company is engaged. In light of these and
other developments, U.S. affiliates of ING, including the Company, periodically review whether modifications to
their business practices are appropriate.

Investment Product Regulatory Issues. Since 2002, there has been increased governmental and regulatory
activity relating to mutual funds and variable insurance products. This activity has primarily focused on
inappropriate trading of fund shares; directed brokerage; compensation; sales practices, suitability, and supervision;
arrangements with service providers; pricing; compliance and controls; adequacy of disclosure; and document
retention.

In addition to responding to governmental and regulatory requests on fund trading issues, ING management, on its
own initiative, conducted, through special counsel and a national accounting firm, an extensive internal review of
mutual fund trading in ING insurance, retirement, and mutual fund products. The goal of this review was to identify
any instances of inappropriate trading in those products by third parties or by ING investment professionals and
other ING personnel.

The internal review identified several isolated arrangements allowing third parties to engage in frequent trading of
mutual funds within the variable insurance and mutual fund products of certain affiliates of the Company, and
identified other circumstances where frequent trading occurred despite measures taken by ING intended to combat
market timing. Each of the arrangements has been terminated and disclosed to regulators, to the independent
trustees of ING Funds (U.S.) and in Company reports previously filed with the SEC pursuant to the Securities
Exchange Act of 1934, as amended.

Action has been or may be taken by regulators with respect to the Company or certain affiliates before investigations
relating to fund trading are completed. The potential outcome of such action is difficult to predict but could subject
the Company or certain affiliates to adverse consequences, including, but not limited to, settlement payments,
penalties, and other financial liability. It is not currently anticipated, however, that the actual outcome of any such
action will have a material adverse effect on ING or ING’s U.S.-based operations, including the Company.

Product Regulation. Our products are subject to a complex and extensive array of state and federal tax,
securities and insurance laws, and regulations, which are administered and enforced by a number of governmental
and self-regulatory authorities. Specifically, U.S. federal income tax law imposes requirements relating to
nonqualified annuity product design, administration, and investments that are conditions for beneficial tax treatment
of such products under the Internal Revenue Code. (See “Federal Tax Considerations” for further discussion of

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some of these requirements.) Failure to administer certain nonqualified contract features (for example, contractual
annuity start dates in nonqualified annuities) could affect such beneficial tax treatment. In addition, state and federal
securities and insurance laws impose requirements relating to insurance and annuity product design, offering and
distribution, and administration. Failure to meet any of these complex tax, securities, or insurance requirements
could subject the Company to administrative penalties, unanticipated remediation, or other claims and costs.

THE TRUSTS AND FUNDS 

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You will find information about the Trusts and Funds currently available under your Contract in “Appendix
B — The Investment Portfolios.” A prospectus containing more information on each Trust or Fund may be
obtained by calling our Customer Service Center at 800-366-0066. You should read the prospectus carefully
before investing.

Certain funds are designated as “Master-Feeder” or “Retirement Funds.” Funds offered in a Master-Feeder
structure (such as the American Funds) or fund of funds structure (such as the Retirement Funds) may have
higher fees and expenses than a fund that invests directly in debt and equity securities. Consult with your
investment professional to determine if the Portfolios may be suited to your financial needs, investment time horizon
and risk tolerance. You should periodically review these factors to determine if you need to change your investment
strategy.

In the event that, due to differences in tax treatment or other considerations, the interests of contract owners of
various contracts participating in the Trusts conflict, we, the Boards of Trustees or Directors of Trusts or Funds, and
any insurance companies participating in the Trusts or Funds will monitor events to identify and resolve any
material conflicts that may arise.

ING GET U.S. Core Portfolio
An ING GET U.S. Core Portfolio (“GET Fund”) series may be available during the accumulation phase of the
Contract. We make a guarantee, as described below, when you allocate money into a GET Fund series. Each GET
Fund series has an offering period of six months which precedes the guarantee period. The GET Fund investment
option may not be available under your Contract or in your state. The GET Fund may not be available through all
broker dealer selling firms.

You may not allocate money into a GET Fund series if you elect an optional benefit rider. Effective June 21,
2007, no new series of the GET Fund are available.

Various series of the GET Fund may be offered from time to time, and additional charges will apply if you elect to
invest in one of these series. The Company makes a guarantee when you direct money into a GET Fund series. We
guarantee that the value of an accumulation unit of the GET Fund subaccount for that series under the Contract on
the maturity date will not be less than its value as determined after the close of business on the last day of the
offering period for that GET Fund series. If the value on the maturity date is lower than it was on the last day of the
offering period, we will add funds to the GET Fund subaccount for that series to make up the difference. This
means that if you remain invested in the GET Fund series until the maturity date, at the maturity date, you will
receive no less than the value of your separate account investment directed to the GET Fund series as of the last day
of the offering period, less charges not reflected in the accumulation unit value and any amounts you transfer or
withdraw from the GET Fund subaccount for that series. The value of dividends and distributions made by the GET
Fund series throughout the guarantee period is taken into account in determining whether, for purposes of the
guarantee, the value of your GET Fund investment on the maturity date is no less than its value as of the last day of
the offering period. If you withdraw or transfer funds from a GET Fund series prior to the maturity date, we will
process the transactions at the actual unit value next determined after we receive your request. The GET Fund
subaccount is not available for dollar cost averaging or automatic rebalancing.

Before the maturity date, we will send a notice to each contract owner who has allocated amounts to the GET Fund
series. This notice will remind you that the maturity date is approaching and that you must choose other investment
options for your GET Fund series amounts. If you do not make a choice, on the maturity date we will transfer your

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GET Fund series amounts to another available series of the GET Fund that is then accepting deposits. If no GET
Fund series is then available, we will transfer your GET Fund series amounts to the fund or funds that we designate.

Please see the ING GET U.S. Core Portfolio prospectus for a complete description of the ING GET U.S. Core
Portfolio investment option, including charges and expenses.

Covered Funds and Special Funds
For purposes of determining benefits under the living benefit riders, we assign the investment options (the
investment portfolios available under your Contract) to one of two categories, Covered Funds or Special Funds.
Allocations to Covered Funds participate fully in the calculations to determine the value of your guaranteed benefits
under a living benefit rider. Allocations to Special Funds could affect the optional benefit rider guarantee that may
otherwise be provided because Special Funds do not participate fully in the calculations to determine the value of
your guaranteed benefit under a living benefit rider. Assets in Covered Funds generally provide a higher living
benefit than those allocated to Special Funds. Designation of investment options under these categories may vary by
benefit. Please see “Living Benefit Riders” for more information.

We may, with 30 days notice to you, designate any investment option as a Special Fund, but only with respect to
new premiums added to such investment option and also with respect to new transfers to such investment option.

Restricted Funds
Restricted Funds are not related specifically to the living benefit riders. Rather, Restricted Funds are investment
options for which we have limited the amount that may be invested, either on an aggregate basis or an individual
basis. We may designate any investment option as a Restricted Fund and limit the amount you may allocate or
transfer to a Restricted Fund. We may also change the limitations on existing Contracts with respect to new
premiums added to the investment options and with respect to new transfers to the investment options. We may
establish any such limitation, at our discretion, as a percentage of premium or contract value or as a specified dollar
amount and change the limitation at any time. To the extent an investment option is designated both a Restricted
Fund and a Special Fund, allocations to such investment option may limit your participation in the determination of
your guaranteed benefits under a living benefit rider as well as the amount you may allocate to such investment
option.

Currently, we have not designated any investment option as a Restricted Fund. We may, with 30 days notice
to you, designate any investment portfolio as a Restricted Fund or change the limitations on existing contracts with
respect to new premiums added to such investment portfolio and also with respect to new transfers to such
investment portfolio. If a change is made with regard to designation as a Restricted Fund or applicable limitations,
such change will apply only to transactions effected after such change and will not apply to amounts that may
exceed these limitations due solely to a change in designation.

We limit your investment in the Restricted Funds on both an aggregate basis for all Restricted Funds and for each
individual Restricted Fund. The aggregate limits for investment in all Restricted Funds are expressed as a
percentage of contract value, percentage of premium and maximum dollar amount. Currently, your investment in
two or more Restricted Funds would be subject to each of the following three limitations: no more than 30 percent
of contract value; up to 100 percent of each premium; and no more than $999,999,999. We may change these limits,
at our discretion, for new contracts, premiums, transfers or withdrawals.

In addition to limiting your investment in the Restricted Funds on an aggregate basis, we limit your investment in
each individual Restricted Fund. The limits for investment in each Restricted Fund are expressed as a percentage of
contract value, percentage of premium and maximum dollar amount. Currently, the limits for investment in an
individual Restricted Fund are the same as the aggregate limits set forth above. We may change these limits, at our
discretion, for new contracts, premiums, transfers or withdrawals.

We monitor the aggregate and individual limits on investments in Restricted Funds for each transaction (e.g.
premium payments, reallocations, withdrawals, dollar cost averaging). If the contract value in the Restricted Fund
has increased beyond the applicable limit due to market growth, we will not require the reallocation or withdrawal of
contract value from the Restricted Fund. However, if an aggregate limit has been exceeded, withdrawals must be
taken either from the Restricted Funds or taken pro-rata from all investment options in which contract value is

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allocated, so that the percentage of contract value in the Restricted Funds following the withdrawal is less than or
equal to the percentage of contract value in the Restricted Funds prior to the withdrawal.

We will allocate pro-rata the portion of any premium payment that exceeds the limits with a Restricted Fund to your
other investment option choices not designated as Restricted Funds, or to a specially designated subaccount if there
are none (currently, the ING Liquid Assets Portfolio), unless you instruct us otherwise.

We will not permit a transfer to the Restricted Funds to the extent that it would increase the contract value in the
Restricted Fund or in all Restricted Funds to more than the applicable limits set forth above. We will not limit
transfers from Restricted Funds. If the result of multiple reallocations is to lower the percentage of total contract
value in Restricted Funds, the reallocation will be permitted even if the percentage of contract value in a Restricted
Fund is greater than its limit.

Please see “Withdrawals” and “Transfers Among Your Investments (Excessive Trading Policy)” in this prospectus
for more information on the effect of Restricted Funds.

CHARGES AND FEES 

We deduct the Contract charges described below to compensate us for our cost and expenses, services provided and
risks assumed under the Contracts. We incur certain costs and expenses for distributing and administering the
Contracts, including compensation and expenses paid in connection with sales of the Contracts, for paying the
benefits payable under the Contracts and for bearing various risks associated with the Contracts. Some of the
charges are for optional riders, so they are only deducted if you elect to purchase the rider. The amount of a
Contract charge will not always correspond to the actual costs associated with the charge. For example, the
surrender charge collected may not fully cover all of the distribution expenses incurred by us with the service or
benefits provided. In the event there are any profits from fees and charges deducted under the Contract, including
the mortality and expense risk charge and rider and benefit charges, we may use such profits to finance the
distribution of Contracts. The expenses for a contract providing a premium credit, as this Contract does, may be
higher than for contracts not providing a premium credit. Over time, and under certain circumstances, the amount of
the premium credit may be more than offset by the additional fees and charges associated with the premium credit.

Charge Deduction Subaccount
You may elect to have all charges, except daily charges, against your contract value deducted directly from a single
subaccount designated by the Company. Currently we use the ING Liquid Assets Portfolio for this purpose. If you
do not elect this option, or if the amount of the charges is greater than the amount in the designated subaccount, the
charges will be deducted as discussed below. You may cancel this option at any time by sending notice to our
Customer Service Center in a form satisfactory to us.

Charges Deducted from the Contract Value
We deduct the following charges from your contract value:

Surrender Charge. We will deduct a contingent deferred sales charge (a “surrender charge”) if you surrender
your Contract or if you take a withdrawal in excess of the Free Withdrawal Amount during the 7-year period from
the date we receive and accept a premium payment. The surrender charge is a percentage of each premium payment
withdrawn. This charge is intended to cover sales expenses that we have incurred. The surrender charge will be
based on the total amount withdrawn, including the amount deducted for the surrender charge. It will be deducted
from the contract value remaining after you have received the amount requested for withdrawal. The surrender
charge is not based on or deducted from the amount you requested as a withdrawal. We may in the future reduce or
waive the surrender charge in certain situations and will never charge more than the maximum surrender charges.
The percentage of premium payments deducted at the time of surrender or excess withdrawal depends on the
number of complete years that have elapsed since that premium payment was made. We determine the surrender
charge as a percentage of each premium payment withdrawn as follows:

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Complete Years Elapsed  0  1  2  3  4  5  6  7+ 
     Since Premium Payment                 
Surrender Charge (as a percentage of  6%  6%  6%  6%  5%  4%  3%  0% 
     Premium Payment)                 

Nursing Home Waiver. You may withdraw all or a portion of your contract value without a surrender charge
if:

1)  at the time you first begin receiving care, more than one contract year has elapsed since the contract 
  date; 
2)  the withdrawal is requested during the period of care or within 90 days after the last day of care; and 
3)  you have spent at least 45 days during a 60 day period in such nursing care facility. 

You must submit satisfactory written proof of illness or incapacity. We may require an examination, at our cost, by
a physician of our choice. We will not waive the early withdrawal charge if you were in a nursing care facility for at
least one day during the two week period immediately preceding or following the contract date. It will also not
apply to Contracts where prohibited by state law. Please note that these withdrawals are subject to the premium
credit recapture provisions.

Terminal Illness Waiver. You may withdraw all or a portion of your contract value without a surrender
charge if:

1)  You are first diagnosed by a qualified medical professional, on or after the first contract anniversary, as 
  having a terminal illness; and 
 
2)  You submit satisfactory written proof of illness. 

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We may require an examination, at our cost, by a physician of our choice.

Free Withdrawal Amount. The Free Withdrawal Amount is 10% of contract value, based on the contract
value on the date of the withdrawal, less any withdrawals during that contract year. Under Option Package III, any
unused percentage of the 10% Free Withdrawal Amount from a contract year will carry forward into successive
contract years, based on the percentage remaining at the time of the last withdrawal in that contract year. In no
event will the free withdrawal amount at any time exceed 30% of contract value.

Surrender Charge for Excess Withdrawals. We will deduct a surrender charge for excess withdrawals which
may include a withdrawal you make to satisfy required minimum distribution requirements under the Tax Code. We
consider a withdrawal to be an “excess withdrawal” when the amount you withdraw in any contract year exceeds the
Free Withdrawal Amount. When you are receiving systematic withdrawals, any combination of regular withdrawals
and systematic withdrawals taken will be included in determining the amount of the excess withdrawals.
Systematic withdrawals are periodic
scheduled withdrawals of a fixed amount or an amount based upon a percentage of contract value. For more
information about systematic withdrawals, please see “Withdrawals – Systematic Withdrawals.” An excess
withdrawal is a partial surrender of the Contract subject to a surrender charge, which we will deduct from the
contract value that remains after an excess withdrawal in proportion to your subaccount allocations.

For the purpose of calculating the surrender charge for an excess withdrawal: (a) we treat premiums as being
withdrawn on a first-in, first-out basis; and (b) amounts withdrawn which are not considered an excess withdrawal
are not considered a withdrawal of any premium payments. We have included an example of how this works in
Appendix D. Earnings for purposes of calculating the surrender charge for excess withdrawals may not be the same
as earnings under federal tax law.

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Premium Taxes. We may make a charge for state and local premium taxes depending on your state of
residence. The tax can range from 0% to 3.5% of each premium payment. We have the right to change this amount
to conform with changes in the law or if you change your state of residence. There is currently no premium tax in
the State of New York.

We deduct the premium tax from your contract value on the income phase payment start date. In the event that you
have selected the Minimum Guaranteed Income Benefit rider and you elect to receive income payments under it
rather than the Contract, then we will deduct the premium tax from the MGIB Benefit Base. However, some
jurisdictions impose a premium tax at the time that initial and additional premiums are paid, regardless of when the
income phase payments begin. In those states we may defer collection of the premium taxes from your contract
value and deduct it when you surrender the Contract, when you take an excess withdrawal, or on the income phase
payment start date.

Administrative Charge. We deduct an annual administrative charge on each Contract anniversary, or if you
surrender your Contract prior to a Contract anniversary, at the time we determine the cash surrender value payable to
you. The amount deducted is $30 per Contract unless waived under conditions established by ReliaStar of NY. We
deduct the charge proportionately from all subaccounts in which you are invested. If there is no contract value in
those subaccounts, we will deduct the charge from your Fixed Interest Allocations starting with the guaranteed
interest periods nearest their maturity dates until the charge has been paid.

Transfer Charge. We currently do not deduct any charges for transfers made during a contract year. We have
the right, however, to assess up to $25 for each transfer after the twelfth transfer in a contract year. If such a charge
is assessed, we would deduct the charge from the subaccounts and the Fixed Interest Allocations from which each
such transfer is made in proportion to the amount being transferred from each such subaccount and Fixed Interest
Allocation unless you have chosen to have all charges deducted from a single subaccount. The charge will not apply
to any transfers due to the election of dollar cost averaging, automatic rebalancing and transfers we make to and
from any subaccount specially designated by the Company for such purpose.

Overnight Charge. You may choose to have a $20 overnight charge deducted from the amount of a withdrawal
you would like sent to you by overnight delivery service.

Redemption Fees. If applicable, we may deduct the amount of any redemption fees imposed by the underlying
portfolios as a result of withdrawals, transfers or other fund transactions you initiate. Redemption fees, if any, are
separate and distinct from any transaction charges or other charges deducted from your contract value. For a more
complete description of the funds’ fees and expenses, review each fund’s prospectus.

Charges Deducted from the Subaccounts

Mortality and Expense Risk Charge. The mortality and expense risk charge is deducted each business day.
The amount of the mortality and expense risk charge depends on the option package you have elected. The option
packages constitute different levels of death benefit coverage that are available with the Contract. Please see “Death
Benefit Choices” for more information. The charge is deducted on each business day and is a percentage of average
daily assets based on the assets you have in each subaccount. The mortality and expense risk charge compensates
the Company for death benefit and annuitization risks and the risk that expense charges will not cover actual
expenses. In the event there are any profits from the mortality and expense risk charge, we may use such profits to
finance the distribution of contracts and the premium credit option.

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   Option Package I     Option Package II   Option Package III 
  Annual    Annual    Annual 
  Charge    Charge    Charge 
Annual  Expressed as  Annual  Expressed as  Annual  Expressed as 
Charge  Daily Rate  Charge  Daily Rate  Charge  Daily Rate 
1.10%  0.0030%  1.30%  0.0036%  1.45%  0.0040% 

  Asset-Based Administrative Charge. The amount of the asset-based administrative charge, on an annual

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basis, is equal to 0.15% of the assets you have in each subaccount for each since the previous business day. The
charge is deducted on each business day at the rate of .0004% from your assets in each subaccount.

Premium Credit Option Charge. The amount of the asset-based premium credit option charge, on an annual
basis, is equal to 0.50% of the assets you have in each subaccount. The charge is deducted from your assets in each
subaccount on each business day at the rate of 0.0014% for seven years following credit of the premium credit. This
charge will also be deducted from amounts allocated to the Fixed Interest Division, resulting in a 0.50% reduction in
the interest which would otherwise have been credited to your Contract during the seven contract years following
credit of the premium credit. The cost of providing the premium credit is generally covered by the premium credit
option charge, the recapture schedule for forfeiture of the credit on surrenders, withdrawals and death, and, to some
degree, by the mortality and expense risk charge. We expect to make a profit on those contracts under which the
premium credit option is elected.

Optional Rider Charges. Some features and benefits of the Contract, if available, are available by rider for an
additional charge. Please check your application for the Contract to be sure. Once elected, a rider cannot be
canceled independently of the Contract. So long as the rider is in effect, we will deduct a separate quarterly charge
for the optional benefit rider through a pro-rata reduction of the contract value of the subaccounts in which you are
invested. We deduct the rider charge on each of the Contract’s quarterly anniversary dates (defined below) in
arrears, meaning we deduct the first charge on the first quarterly anniversary date following the rider date. If the
rider is added to an existing Contract, the first quarter’s charge will be reduced proportionally for the portion of the
quarter that the rider was not in effect. Rider charges are expressed as a percentage, rounded to the nearest
hundredth of one percent.

A “quarterly anniversary date” is the date three months from the contract date that falls on the same date in the
month as the contract date. For example, if the contract date is February 12, the quarterly anniversary date is May
12. If there is no corresponding date in the month, the quarterly anniversary date will be the last date of such month.
If the quarterly anniversary date falls on a weekend or a holiday, we will use the value as of the subsequent business
day.

For a description of the rider and the defined terms used in connection with the riders, see “Living Benefit Riders.”

Minimum Guaranteed Accumulation Benefit (MGAB). The charge for the MGAB rider is as follows: 
 
Waiting Period  As an Annual Charge  As a Quarterly Charge 
10 Year  0.65% of the MGAB Charge Base  0.17% of the MGAB Charge Base 

The MGAB Charge will be charged during the 10-year waiting period starting on the rider date and ending on
the MGAB Benefit Date. The MGAB Charge Base is the total of premiums and any premium credits, if applicable,
added during the two-year period commencing on the rider date if you purchase the rider on the contract date, or,
your contract value on the rider date plus premiums and any premium credits, if applicable, added during the two-
year period commencing on the rider date if you purchased the rider after the contract date, reduced pro-rata for all
withdrawals taken while the MGAB rider is in effect, including any systematic withdrawals, and reduced pro-rata
for any transfers between subaccounts or between a subaccount and a Fixed Interest Allocation made during the
three-year period before the MGAB date. Withdrawals and transfers may reduce the applicable MGAB Charge
Base by more than the amount withdrawn or transferred. See “Living Benefit Riders.”

Minimum Guaranteed Income Benefit (MGIB). The charge for the MGIB rider is as follows: 
 
       Current Annual Charge  Maximum Annual Charge 
       (Charge Deducted Quarterly)   
       0.75% of the MGIB Benefit Base  1.50% of the MGIB Benefit Base 

Please see “Living Benefit Riders - Minimum Guaranteed Income Benefit Rider (the “MGIB Rider”)” for a
description of the MGIB Benefit Base and the MGIB Rate.

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ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING LifePay Plus) Rider Charge. The
charge for the ING LifePay Plus rider, a living benefit, is deducted quarterly from your contract value:

Maximum Annual Charge  Current Annual Charge 
2.00%  0.70% 

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The current annual charge is 0.60% if you purchased this rider before February 2, 2009. The charge is a percentage
of the ING LifePay Plus Base, which we deduct in arrears based on the contract date (contract year versus calendar
year). In arrears means the first charge is deducted at the end of the first quarter following the rider effective date.
If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the rider is added
after contract issue, the rider effective date will be the date of the Contract’s next following quarterly contract
anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-rated when your
rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status. (No charge
is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status occurs if
your contract value is reduced to zero and other conditions are met. The current charge can change upon a reset
after your first five contract years. You will never pay more than new issues of this rider, subject to the maximum
annual charge. For more information about how this rider works, including when Lifetime Automatic Periodic
Benefit Status begins, please see “Living Benefit Riders – ING LifePay Plus/Joint LifePay Plus Minimum
Guaranteed Withdrawal Benefit Riders.”

Please Note: The above information pertains to the form of the ING LifePay Plus rider which was available for sale
from May 1, 2009 until March 15, 2010. If you purchased a prior version of the ING LifePay Plus rider, please see
Appendix H for more information.

ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus) Rider
Charge. The charge for the ING Joint LifePay Plus rider, a living benefit, is deducted quarterly from your contract
value:

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Maximum Annual Charge  Current Annual Charge 
2.50%  0.90% 

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The current annual charge is 0.80% if you purchased this rider before February 2, 2009. The charge is a percentage
of the ING Joint LifePay Plus Base, which we deduct in arrears based on the contract date (contract year versus
calendar year). In arrears means the first charge is deducted at the end of the first quarter following the rider
effective date. If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the
rider is added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly
contract anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-rated
when your rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status.
(No charge is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit
Status occurs if your contract value is reduced to zero and other conditions are met. The current charge can be
subject to change upon a reset after your first five contract years. You will never pay more than new issues of this
rider, subject to the maximum annual charge. For more information about how this rider works, including when
Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING Joint LifePay Plus
Minimum Guaranteed Withdrawal Benefit Rider.”

Please Note: The above information pertains to the form of the ING Joint LifePay Plus rider which was available
for sale from May 1, 2009 until March 15, 2010. If you purchased a prior version of the ING LifePay Plus rider,
please see Appendix H for more information.

ING GET U.S. Core Portfolio Guarantee Charge. Effective June 21, 2007, no new series of the GET Fund are
available. The GET Fund guarantee charge is deducted each business day during the guarantee period if you elect to
invest in the GET Fund. The amount of the GET Fund guarantee charge is 0.50% and is deducted from amounts
allocated to the GET Fund investment option. This charge compensates us for the cost of providing a guarantee of
accumulation unit values of the GET Fund subaccount. See “The Trust and Funds- ING GET U.S. Core Portfolio.”

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Trust and Fund Expenses
As shown in the fund prospectuses and described in the “Fees Deducted by the Funds” section of this prospectus,
each fund deducts management fees from the amounts allocated to the fund. In addition, each fund deducts other
expenses which may include service fees that may be used to compensate service providers, including the company
and its affiliates, for administrative and contract owner services provided on behalf of the fund. Furthermore,
certain funds may deduct a distribution or 12b-1 fee, which is used to finance any activity that is primarily intended
to result in the sale of fund shares. For a more complete description of the funds’ fees and expenses, review
each fund’s prospectus.

The company may receive substantial revenue from each of the funds or the funds’ affiliates,
although the amount and types of revenue vary with respect to each of the funds offered through the Contract. This
revenue is one of several factors we consider when determining the Contract fees and charges and whether to offer a
fund through our policies. Fund revenue is important to the company’s profitability, and it is generally more
profitable for us to offer affiliated funds than to offer unaffiliated funds. You should evaluate the expenses
associated with the funds available through this contract before making a decision to invest.

Assets allocated to affiliated funds, meaning funds managed by Directed Services LLC or another company affiliate,
generate the largest dollar amount of revenue for the company. Affiliated funds may also be subadvised by a
company affiliate or by an unaffiliated third party. Assets allocated to unaffiliated funds, meaning funds managed
by an unaffiliated third party, generate lesser, but still substantial dollar amounts of revenue for the company. The
company expects to make a profit from this revenue to the extent it exceeds the company’s expenses, including the
payment of sales compensation to our distributors.

Types of Revenue Received from Affiliated Funds.

The types of revenue received by the company from affiliated funds may include:

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·  A share of the management fee deducted from fund assets; 
·  Service fees that are deducted from fund assets; 
·  For certain share classes, compensation paid out of 12b-1 fees that are deducted from fund assets; and 
·  Other revenues that may be based either on an annual percentage of average net assets held in the fund by 
  the company or a percentage of the fund’s management fees. 

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These revenues may be received as cash payments or according to a variety of financial accounting techniques that
are used to allocate revenue and profits across the organization. In the case of affiliated funds subadvised by
unaffiliated third parties, any sharing of the management fee between the company and the affiliated investment
adviser is based on the amount of such fee remaining after the subadvisory fee has been paid to the unaffiliated
subadviser. Because subadvisory fees vary by subadviser, varying amounts of revenue may be retained by the
affiliated investment adviser and ultimately shared with the company. The company receives additional amounts
related to affiliated funds in the form of intercompany payments from the fund’s investment adviser or the
investment adviser’s parent. These revenues provide the company with a financial incentive to offer affiliated funds
through the contract rather than unaffiliated funds.

Types of Revenue Received from Unaffiliated Funds. Revenue received from each of the unaffiliated funds
or their affiliates is based on an annual percentage of the average net assets held in that fund by the company. Some
unaffiliated funds or their affiliates pay us more than others and some of the amounts we receive may be significant.

The types of revenues received by the company or its affiliates from unaffiliated funds include:

· For certain funds, compensation paid from 12b-1 fees or service fees that are deducted from fund assets;
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·  Additional payments for administrative, recordkeeping or other services that we provide to the funds or 
  their affiliates, such as processing purchase and redemption requests, and mailing fund prospectuses, 
  periodic reports and proxy materials. These additional payments do not increase directly or indirectly the 
  fees and expenses shown in each fund prospectus. These additional payments may be used by us to finance 
  distribution of the contract. 

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These revenues are received as cash payments, and if the unaffiliated fund families currently offered through the
contract that made cash payments to us were individually ranked according to the total amount they paid to the
company or its affiliates in 2009, in connection with the registered annuity contracts issued by the company, that
ranking would be as follows:

· BlackRock Variable Series Funds, Inc.

If the revenues received from the affiliated funds were taken into account when ranking the funds according to the
total dollar amount they paid to the company or its affiliates in 2009, the affiliated funds would be at the top of the
list.

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In addition to the types of revenue received from affiliated and unaffiliated funds described above, affiliated and
unaffiliated funds and their investment advisers, subadvisers or affiliates may participate at their own expense in
company sales conferences or educational and training meetings. In relation to such participation, a fund’s
investment adviser, subadviser or affiliate may help offset the cost of the meetings or
sponsor events associated with the meetings. In exchange for these expense offset or sponsorship arrangements, the
investment adviser, subadviser or affiliate may receive certain benefits and access opportunities to company sales
representatives and wholesalers rather than monetary benefits. These benefits and opportunities include, but are not
limited to, co-branded marketing materials, targeted marketing sales opportunities, training opportunities at
meetings, training modules for sales personnel and opportunity to host due diligence meetings for representatives
and wholesalers.

Certain funds may be structured as “fund of funds.” These funds may have higher fees and expenses than a fund
that invests directly in debt and equity securities because they also incur the fees and expenses of the underlying
funds in which they invest. These funds are affiliated funds, and the underlying funds in which they invest may be
affiliated funds as well. The fund prospectuses disclose the aggregate annual operating expenses of each portfolio
and its corresponding underlying fund or funds. The “fund of funds” available under the Contract are identified in
the list of investment portfolios toward the front of this prospectus.

Please note that certain management personnel and other employees of the company or its affiliates may receive a
portion of their total employment compensation based on the amount of net assets allocated to affiliated funds. For
more information, please see “Other Contract Provisions – Selling the Contract.”

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THE ANNUITY CONTRACT

The Contract described in this prospectus is a deferred combination variable and fixed annuity contract. The
Contract provides a means for you to invest in one or more of the available mutual fund portfolios of the Trusts and
Funds through Separate Account NY-B. It also provides a means for you to invest in a Fixed Interest Allocation
through the Fixed Interest Division. See Appendix C and the Fixed Interest Division Offering Brochure for more
information on the Fixed Interest Division. If you have any questions concerning this Contract, contact your
registered representative or call our Customer Service Center at 1-800-366-0066.

Contract Date and Contract Year
The date the Contract became effective is the contract date. Each 12-month period following the contract date is a
contract year.

Contract Owner
You are the contract owner. You are also the annuitant unless another annuitant is named in the application. You
have the rights and options described in the Contract. One or more persons may own the Contract. If there are

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multiple owners named, the age of the oldest owner will determine the applicable death benefit if such death benefit
is available for multiple owners. In the event a selected death benefit is not available, Option Package I will apply.

The death benefit becomes payable when you die. In the case of a sole contract owner who dies before the income
phase begins, we will pay the beneficiary the death benefit then due. The sole contract owner’s estate will be the
beneficiary if no beneficiary has been designated or the beneficiary has predeceased the contract owner. In the case
of a joint owner of the Contract dying before the income phase begins, we will designate the surviving contract
owner as the beneficiary. This will override any previous beneficiary designation. See “Joint Owner,” below.

Joint Owner
For non-qualified Contracts only, joint owners may be named in a written request before the Contract is in effect.
Joint owners may independently exercise transfers and other transactions allowed under the Contract. All other
rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or
payments made to them. All rights of a joint owner end at death of that owner if the other joint owner survives. The
entire interest of the deceased joint owner in the Contract will pass to the surviving joint owner and the death benefit
will be payable. Joint owners may only select Option Package I.

Any addition or deletion of a joint owner is treated as a change of owner which may affect the amount of the death
benefit. See “Change of Contract Owner or Beneficiary,” below. If you have elected Option Package II or III, and
you add a joint owner, if the older joint owner is attained age 85 or under, the death benefit from the date of change
will be the Option Package I death benefit. If the older joint owner’s attained age is 86 or over on the date of the
ownership change, the death benefit will be the cash surrender value. The mortality and expense risk charge going
forward will reflect the change in death benefit. Note that returning a Contract to single owner status will not restore
any death benefit. Unless otherwise specified, the term “age” when used for joint owners shall mean the age of the
oldest owner.

Annuitant
The annuitant is the person designated by you to be the measuring life in determining income phase payments. On
and after May 1, 2009, a joint annuitant may also be designated. The annuitant’s age determines when the income
phase must begin and the amount of the income phase payments to be paid. In the case of a non-natural owner and
joint annuitants, the oldest annuitant’s age is used. You are the annuitant unless you choose to name another person.
The annuitant may not be changed after the Contract is in effect, except as described below.

The contract owner will receive the annuity benefits of the Contract if the annuitant is living on the income phase
payment start date. If the annuitant dies before the income phase payment start date and a contingent annuitant has
been named, the contingent annuitant becomes the annuitant (unless the contract owner is not an individual, in
which case the death benefit becomes payable).

If there is no contingent annuitant when the annuitant dies before the income phase payment start date, the contract
owner will become the annuitant. In the event of joint owners, the youngest will be the contingent annuitant, unless
you elect otherwise. The contract owner may designate a new annuitant within 60 days of the death of the annuitant.

When the annuitant dies before the income phase payment start date and the contract owner is not an individual, we
will pay the designated beneficiary the death benefit then due. If a beneficiary has not been designated, or if there is
no designated beneficiary living, the contract owner will be the beneficiary. If the annuitant was the sole contract
owner and there is no beneficiary designation, the annuitant’s estate will be the beneficiary.

Regardless of whether a death benefit is payable, if the annuitant dies and any contract owner is not an individual,
distribution rules under federal tax law will apply. You should consult your tax advisor for more information if the
contract owner is not an individual.

Beneficiary
The beneficiary is named by you in a written request. The beneficiary is the person who receives any death benefit
proceeds and who may become the successor contract owner if the contract owner who is a spouse (or the annuitant
if the contract owner is other than an individual) dies before the income phase payment start date. We pay death

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benefits to the primary beneficiary (unless there are joint owners, in which case death proceeds are payable to the
surviving owner(s)).

If the beneficiary dies before the annuitant or the contract owner, the death benefit proceeds are paid to the
contingent beneficiary, if any. If there is no surviving beneficiary, we pay the death benefit proceeds to the contract
owner’s estate.

One or more persons may be a beneficiary or contingent beneficiary. In the case of more than one beneficiary, we
will assume any death benefit proceeds are to be paid in equal shares to the surviving beneficiaries, unless you
indicate otherwise in writing.

Change of Contract Owner or Beneficiary
During the annuitant’s lifetime, you may transfer ownership of a non-qualified Contract. A change in ownership
may affect the amount of the death benefit, the guaranteed minimum death benefit and/or the death benefit option
applied to the Contract. The new owner’s age, as of the date of the change, will be used as the basis for determining
the applicable benefits and charges. The new owner’s death will determine when a death benefit is payable.

If you have elected Option Package I, the death benefit will continue if the new owner is age 85 or under on the date
of the ownership change. For Option Package II or III, if the new owner is age 79 or under on the date that
ownership changes, the death benefit will continue. If the new owner is age 80 to 85, under Option Package II or
III, the death benefit will end, and the death benefit will become the Option Package I death benefit. For all death
benefit options, 1) if the new owner’s attained age is 86 or over on the date of the ownership change, or 2) if the new
owner is not an individual (other than a Trust for the benefit of the owner or annuitant), the death benefit will be the
cash surrender value. The mortality and expense risk charge going forward will reflect the change in death benefit.
Please note that once a death benefit has been changed due to a change in owner, it will not be restored by a
subsequent change to a younger owner.

You have the right to change beneficiaries during the annuitant’s lifetime unless you have designated an irrevocable
beneficiary. If you have designated an irrevocable beneficiary, you and the irrevocable beneficiary may have to act
together to exercise some of the rights and options under the Contract. You may also restrict a beneficiary’s right to
elect an annuity option or receive a lump sum payment. If so, such rights or options will not be available to the
beneficiary. In the event of joint owners, all must agree to change a beneficiary.

In the event of a death claim, we will honor the form of payment of the death benefit specified by the beneficiary to
the extent permitted under Section 72(s) of the Tax Code. You may also restrict a beneficiary’s right to elect an
income phase payment option or receive a lump-sum payment. If so, such rights or options will not be available to
the beneficiary.

All requests for changes must be in writing and submitted to our Customer Service Center in good order. Please
date your request. The change will be effective as of the day you sign the request. The change will not affect any
payment made or action taken by us before recording the change.

A change of owner likely has tax consequences. See “Federal Tax Considerations” in this prospectus.

Purchase and Availability of the Contract

We are no longer offering the Contract for sale to new purchasers.

There are three option packages available under the Contract. You select an option package at the time of
application. Each option package is unique. The minimum initial payment to purchase the Contract depends on the
option package that you elect.

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  Option Package I  Option Package II  Option Package III 
Minimum Initial  $15,000 (non-qualified)  $5,000 (non-qualified)  $5,000 (non-qualified) 
Payment  $1,500 (qualified)  $1,500 (qualified)  $1,500 (qualified) 

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The maximum issue age is 80 or younger at the time of application to purchase a Contract with Option Package I.
With Option Package II or Option Package III, the maximum issue age is also 80 or younger at the time of
application, SO LONG AS you elect the MGAB rider, the ING LifePay Plus rider or the ING Joint LifePay Plus
rider. Otherwise, the maximum issue age is 75 for a Contract with Option Package II or Option Package III. Before
April 28, 2008, the maximum issue age was 80 for a Contract with either Option Package II or Option Package III.

You may make additional premium payments up to the contract anniversary after your 86th birthday. The minimum
additional premium payment we will accept is $50 regardless of the option package you select. Under certain
circumstances, we may waive the minimum premium payment requirement. We may also change the minimum
initial or additional premium requirements for certain group or sponsored arrangements. Any initial or additional
premium payment that would cause the contract value of all annuities that you maintain with us to exceed
$1,500,000 requires our prior approval.

The Contract is designed for people seeking long-term tax-deferred accumulation of assets, generally for retirement
or other long-term purposes. The tax-deferred feature is more attractive to people in high federal and state tax
brackets. You should not buy this Contract: (1) if you are looking for a short-term investment; (2) if you cannot risk
getting back less money than you put in; or (3) if your assets are in a plan which provides for tax-deferral and you
see no other reason to purchase this Contract. When considering an investment in the Contract, you should
consult with your investment professional about your financial goals, investment time horizon and risk
tolerance.

Replacing an existing insurance contract with this Contract may not be beneficial to you. Before purchasing
the Contract, determine whether your existing contract will be subject to any fees or penalties upon
surrender. Also, compare the fees, charges, coverage provisions and limitations, if any, of your existing
contract with those of the Contract described in this prospectus.

IRAs and other qualified plans already have the tax-deferral feature found in this Contract. For an additional cost,
the Contract provides other features and benefits including death benefits and the ability to receive a lifetime
income. You should not purchase a qualified Contract unless you want these other features and benefits, taking into
account their cost. See “Charges and Fees” in this prospectus. If you are considering an Enhanced Death Benefit
Option and your contract will be an IRA, see “Federal Tax Considerations – Tax Consequences of Living
Benefits and Death Benefit” in this prospectus.

Loans are not allowed on a Contract issued as a Tax Code Section 403(b) annuity.

We and our affiliates offer other variable products that may offer some of the same investment portfolios. These
products have different benefits and charges, and may or may not better match your needs. If you are interested in
learning more about these other products, contact our Customer Service Center or your registered representative.

Crediting of Premium Payments
We will process your initial premium and any premium credits, if applicable, within 2 business days after receipt
and allocate the payment according to the instructions you specify at the accumulation unit value next determined, if
the application and all information necessary for processing the Contract are complete. Subsequent premium
payments will be processed within 1 business day if we receive all necessary information. In certain states we also
accept initial and additional premium payments by wire order. Wire transmittals must be accompanied by sufficient
electronically transmitted data. We may retain your initial premium payment for up to 5 business days while
attempting to complete an incomplete application. If the application cannot be completed within this period, we will
inform you of the reasons for the delay. We will also return the premium payment immediately unless you direct us
to hold the premium payment until the application is completed. If you choose to have us hold the premium
payment, it will be held in a non-interest bearing account.

If a subaccount is not available or requested in error, we will make inquiry about a replacement subaccount. If we
are unable to reach you or your representative within 5 days, we will consider the application incomplete. Once the
completed application is received, we will allocate the payment to the subaccounts of Separate Account NY-B
specified by you within 2 business days.

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If your premium payment was transmitted by wire order from your broker-dealer, we will follow one of the
following two procedures after we receive and accept the wire order and investment instructions. The procedure we
follow depends on state availability and the procedures of your broker-dealer.

1)  If either your state or broker-dealer do not permit us to issue a Contract without an application, we 
  reserve the right to rescind the Contract if we do not receive and accept a properly completed 
  application or enrollment form within five days of the premium payment. If we do not receive the 
  application or form within five days of the premium payment, we will refund the contract value plus 
  any charges we deducted, and the Contract will be voided. Some states require that we return the 
  premium paid, in which case we will comply. 
 
2)  If your state and broker-dealer allow us to issue a Contract without an application, we will issue and 
  mail the Contract to you or your representative, together with a Contract Acknowledgement and 
  Delivery Statement for your execution. Until our Customer Service Center receives the executed 
  Contract Acknowledgement and Delivery Statement, neither you nor the broker-dealer may execute 
  any financial transactions on your Contract unless they are requested in writing by you. We may 
  require additional information before complying with your request (e.g. signature guarantee). 

We will make inquiry to discover any missing information related to subsequent payments. We will allocate the
subsequent payment(s) pro-rata according to the current variable subaccount allocation unless you specify
otherwise. Any fixed allocation(s) will not be considered in the pro-rata calculations. If a subaccount is no longer
available (including due to a fund purchase restriction) or requested in error, we will allocate the subsequent
payment(s) proportionally among the other subaccount(s) in your current allocation. For any subsequent premium
payments, the payment and any premium credits, if applicable, designated for a subaccount of Separate Account
NY-B, will be credited at the accumulation unit value next determined after receipt of your premium payment and
instructions.

Once we allocate your premium payment and any premium credit, if applicable, to the subaccounts selected by you,
we convert the premium payment into accumulation units. We divide the amount of the premium payment allocated
to a particular subaccount by the value of an accumulation unit for the subaccount to determine the number of
accumulation units of the subaccount to be held in Separate Account NY-B with respect to your Contract. The net
investment results of each subaccount vary with its investment performance.

We may require that an initial premium designated for a subaccount of Separate Account NY-B or the Fixed Interest
Division be allocated with the added premium credit, if applicable, to a subaccount specially designated by the
Company (currently, the ING Liquid Assets Portfolio) during the free look period. After the free look period, we
will convert your contract value (your initial premium plus any earnings less any expenses) into accumulation units
of the subaccounts you previously selected. The accumulation units will be allocated based on the accumulation
unit value next computed for each subaccount. Initial premiums designated for Fixed Interest Allocations will be
allocated to a Fixed Interest Allocation with the guaranteed interest period you have chosen; however, in the future
we may allocate the premiums to the specially designated subaccount during the free look period.

We may also refuse to accept certain forms of premium payments or loan repayments, if applicable, (traveler’s
checks, for example) or restrict the amount of certain forms of premium payments or loan repayments (money
orders totaling more than $500, for example). In addition, we may require information as to why a particular form
of payment was used (third party checks, for example) and the source of the funds of such payment in order to
determine whether or not we will accept it. Use of an unacceptable form of payment may result in us returning your
premium payment and not issuing the contract.

Additional Credit to Premium
At the time of application, you may elect the premium credit option. If you so elect, a credit will be added to your
Contract based on all premium payments received during the first contract year (“initial premium”). The credit will
be 4% of the initial premium and will be allocated among each subaccount and Fixed Interest Allocation you have
selected in proportion to your allocation of the applicable premium in each investment option.

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Currently, the premium credit option is available only if elected at the time of application prior to issuance of the
Contract and in combination with the Contract’s other optional riders, subject to the following limitation. For
Contracts purchased before September 4, 2007, the premium credit option was not available with the MGIB rider.
We reserve the right to make the premium credit option available to inforce contract owners. Also, the premium
credit option may not be available through all broker-dealers.

We may increase, decrease or discontinue the premium credit at our discretion. We will give you at least 45 days
notice of any planned change to the premium credit option.

The daily mortality and expense risk charge and the daily administrative charge under this Contract are greater than
that under contracts not providing a premium credit. There is also a separate charge for the premium credit which is
an asset-based charge deducted daily from your contract value. Please see “Charges and Fees” for a description of
this charge.

The premium credit constitutes earnings (and not premiums paid by you) for federal tax purposes.

In any of the following circumstances, we deduct part or all of a premium credit from the amount we pay to you or
your beneficiary:

1)  If you return your Contract within the free look period, we will deduct the entire premium credit from 
  the refund amount; 
 
2)  If a death benefit becomes payable, we will deduct any premium credits added to your Contract after or 
  within 12 months of the date of death; and 
 
3)  If you surrender your Contract or take a withdrawal, we will deduct a portion of the premium credit 
  added to your contract value based on the percentage of first year premium withdrawn and the contract 
  year of surrender or withdrawal in accordance with the following table: 

Contract Year of  Percentage of Premium Credit 
Surrender or  Forfeited (based on percentage of 
Withdrawal  first year premium withdrawn) 
Years 1-2  100% 
Years 3-4  75% 
Years 5-6  50% 
Year 7  25% 
Years 8+  0% 

If we deduct a credit from any amount we pay to you, we will deduct the full dollar amount of the premium credit.
You will retain any gains, and you will also bear any losses, that are attributable to the premium credit we deduct.
No forfeiture of premium credit applies to withdrawals of contract value representing the annual free withdrawal
amount or to withdrawals of contract value representing earnings.

There may be circumstances under which the contract owner may be worse off from having received a
premium credit. For example, this could occur if the contract owner returns the Contract during the
applicable free look period. Upon a free look, we recapture the premium credit that had been credited. If the
state law provides that contract value is returned on a free look, and if the performance of the applicable
subaccounts has been negative during that period, we will return the contract value less the premium credit.
Negative performance associated with the premium credit will reduce the contract value more than if the
premium credit had not been applied.

Income Phase Payment Start Date
The income phase payment start date is the date you start receiving income phase payments under your Contract.
The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase; and the income
phase. The accumulation phase is the period between the contract date and the income phase payment start date.

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The income phase begins when you start receiving regular income phase payments from your Contract on the
income phase payment start date.

Administrative Procedures
We may accept a request for Contract service in writing, by telephone, or other approved electronic means, subject
to our administrative procedures, which vary depending on the type of service requested and may include proper
completion of certain forms, providing appropriate identifying information, and/or other administrative
requirements. We will process your request at the contract value next determined only after you have met all
administrative requirements. Please be advised that the risk of fraudulent transaction is increased with telephonic or
electronic instructions (for example, a facsimile withdrawal request form), even if appropriate identifying
information is provided.

Contract Value
We determine your contract value on a daily basis beginning on the contract date. Your contract value is the sum of
(a) the contract value in the Fixed Interest Allocations, and (b) the contract value in each subaccount in which you
are invested.

Contract Value in the Subaccounts. On the contract date, the contract value in the subaccount in which you
are invested is equal to the initial premium paid plus any premium credit, if applicable, that was designated to be
allocated to the subaccount. On the contract date, we allocate your contract value to each subaccount and/or a Fixed
Interest Allocation specified by you.

On each business day after the contract date, we calculate the amount of contract value in each subaccount as
follows:

1)  We take the contract value in the subaccount at the end of the preceding business day. 
2)  We multiply (1) by the subaccount’s Net Rate of Return since the preceding business day. 
3)  We add (1) and (2). 
4)  We add to (3) any additional premium payments plus any premium credits, if applicable, and then add 
  or subtract any transfers to or from that subaccount. 
5)  We subtract from (4) any withdrawals and any related charges, and then subtract any contract fees and 
  premium taxes. 

Cash Surrender Value
The cash surrender value is the amount you receive when you surrender the Contract. The cash surrender value will
fluctuate daily based on the investment results of the subaccounts in which you are invested and interest credited to
Fixed Interest Allocations. See the Fixed Interest Division Offering Brochure for a description of the calculation of
values under any Fixed Interest Allocation. We do not guarantee any minimum cash surrender value. On any date
during the accumulation phase, we calculate the cash surrender value as follows: we start with your contract value,
then we deduct any surrender charge, any charge for premium taxes, the annual contract administrative fee, and any
other charges incurred but not yet deducted.

Surrendering to Receive the Cash Surrender Value. You may surrender the Contract at any time while the
annuitant is living and before the income phase payment start date. A surrender will be effective on the date your
written request and the Contract are received at our Customer Service Center. We will determine and pay the cash
surrender value at the price next determined after receipt of all paperwork required in order for us to process your
surrender. Once paid, all benefits under the Contract will be terminated. For administrative purposes, we will
transfer your money to a specially designated subaccount (currently the ING Liquid Assets Portfolio) prior to
processing the surrender. This transfer will have no effect on your cash surrender value. You may receive the cash
surrender value in a single sum payment or apply it under one or more annuity options. We will usually pay the
cash surrender value within 7 days.

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Consult your tax advisor regarding the tax consequences associated with surrendering your Contract. A surrender
made before you reach age 59½ may result in a 10% tax penalty. See “Federal Tax Considerations” for more
details.

The Subaccounts
Each of the subaccounts of Separate Account NY-B offered under this prospectus invests in an investment portfolio
with its own distinct investment objectives and policies. Each subaccount of Separate Account NY-B invests in a
corresponding portfolio of a Trust or Fund.

Addition, Deletion or Substitution of Subaccounts and Other Changes
We may make additional subaccounts available to you under the Contract. These subaccounts will invest in
investment portfolios we find suitable for your Contract. We may also withdraw or substitute investment portfolios,
subject to the conditions in your Contract and compliance with regulatory requirements, including prior SEC
approval.

We may amend the Contract to conform to applicable laws or governmental regulations. If we feel that investment
in any of the investment portfolios has become inappropriate to the purposes of the Contract, we may, with approval
of the SEC (and any other regulatory agency, if required), combine two or more accounts or substitute another
portfolio for existing and future investments. If you have elected the dollar cost averaging, systematic withdrawals,
or automatic rebalancing programs or if you have other outstanding instructions, and we substitute or otherwise
eliminate a portfolio which is subject to those instructions, we will execute your instructions using the substitute or
proposed replacement portfolio unless you request otherwise. The substitute or proposed replacement portfolio may
have higher fees and charges than any portfolio it replaces.

We also reserve the right, subject to SEC approval, to: (i) deregister Separate Account NY-B under the 1940 Act;
(ii) operate Separate Account NY-B as a management company under the 1940 Act if it is operating as a unit
investment trust; (iii) operate Separate Account NY-B as a unit investment trust under the 1940 Act if it is operating
as a managed separate account; (iv) restrict or eliminate any voting rights as to Separate Account NY-B; and (v)
combine Separate Account NY-B with other accounts.

We will, of course, provide you with written notice before any of these changes are effected.

The Fixed Interest Allocation (Fixed Interest Division)
The Fixed Interest Allocation is the Fixed Interest Division, which is part of the ReliaStar of New York general
account. The general account contains all of the assets of ReliaStar of New York other than those in certain separate
accounts. Allocation of any amount to the Fixed Interest Division does not entitle you to share directly in the
performance of these assets. Assets supporting amounts allocated to the Fixed Interest Division are available to
fund the claims of all classes of our customers, owners, and other creditors. See Appendix C and the Fixed Interest
Division Offering Brochure for more information. You may not allocate contract value to the Fixed Interest
Division if you elect one of the living benefit riders.

Other Contracts
We and our affiliates offer various other products with different features and terms than the Contracts, and that may
offer some or all of the same investment portfolios. These products have different benefits, fees and charges, and
may or may not better match your needs. Please note that some of the Company’s management personnel and
certain other employees may receive a portion of their employment compensation based on the amount of Contract
values allocated to investment portfolios of Trusts or Funds affiliated with ING. You should be aware that there are
alternative options available, and, if you are interested in learning more about these other products, contact our
Customer Service Center or your registered representative. Also, broker/dealers selling the Contract may limit its
availability or the availability of an optional feature (for example, by imposing restrictions on eligibility), or decline
to make an optional feature available. Please talk to your registered representative for further details.

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LIVING BENEFIT RIDERS 

You may elect one of the optional benefit riders discussed below. You may add only one of these riders to your
Contract. Each rider has a separate charge. Please note that if you elect one of the living benefit riders, you
may not allocate premium or contract value to the GET Fund or to the Fixed Interest Allocations. Once
elected, the riders generally may not be cancelled. You may not remove the rider and charges will be assessed
regardless of the performance of your Contract. The optional benefit riders terminate upon surrender of the
Contract. Please see “Charges and Fees — Optional Rider Charges” for information on rider charges.

The optional riders may not be available for all investors. You should analyze each rider thoroughly and
understand it completely before you select it. The optional riders do not guarantee any return of principal or
premium payments and do not guarantee performance of any specific investment portfolio under the
contract. The ING LifePay Plus and ING Joint LifePay Plus riders may also impact the death benefit
amount under the Contract. More information about earlier versions of the guaranteed withdrawal benefit
riders (including lifetime versions) is in the Appendices. You should consult a qualified financial adviser in
evaluating the riders. Our Customer Service Center may be able to answer your questions. The telephone
number is (800) 366-0066.

Minimum Guaranteed Accumulation Benefit Rider (the “MGAB Rider”). The MGAB rider is an optional
benefit which provides you with an MGAB intended to guarantee a minimum contract value at the end of a specified
waiting period. The waiting period is 10 years, beginning on the rider date, and the MGAB Charge is deducted only
during the 10 year waiting period. Only premiums added to your Contract during the first two-year period after your
rider date and any premium credits, if applicable, are included in the MGAB Base. Any additional premium
payments added after the second rider anniversary are not included in the MGAB Base. Thus, the MGAB rider may
not be appropriate for you if you plan to add substantial premium payments after your second rider anniversary. If
you elect the MGAB rider, you may not allocate contract value to the GET Fund subaccount or to the Fixed Interest
Division.

The MGAB is a one-time adjustment to your contract value if your contract value on the MGAB Date is less than
the MGAB Base. The MGAB Date is the next business day after the applicable waiting period. We calculate your
Minimum Guaranteed Accumulation Benefit on this date. The MGAB rider may offer you protection if your
Contract loses value during the MGAB waiting period. For a discussion of the charges we deduct under the MGAB
rider, see “Optional Rider Charges.”

The MGAB rider has a waiting period of ten years and, other than for certain transfers, guarantees that your contract
value at the end of ten years will at least equal your initial premium payment plus the premium credit, if applicable,
reduced pro-rata for withdrawals. Transfers between subaccounts or between a subaccount and a Fixed Interest
Allocation within 3 years of the MGAB Date will also reduce the MGAB Base pro-rata (see examples below).

Calculating the MGAB. We calculate your MGAB as follows:

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1)  We first determine your MGAB Base. The MGAB Base is only a calculation used to determine the 
  MGAB. It does not represent a contract value, nor does it guarantee performance of the subaccounts in 
  which you are invested. It is also not used in determining the amount of your annuity income, cash 
  surrender value and death benefits. 
 
  If you purchase the MGAB optional rider as of the contract date, the MGAB Base is the initial 
  premium, and the premium credit, if applicable, increased by eligible premiums, less all withdrawals 
  and, less transfers made within 3 years prior to the MGAB Date. Eligible premiums are premiums 
  added within two years after the rider date. Premiums added in the third and later rider years are not 
  included in the MGAB Base. 
 
  If you purchase the MGAB optional benefit rider after the contract date, contract value is used as the 
  initial value. The MGAB Base equals the contract value, plus eligible premiums, adjusted for 
  withdrawals and transfers . 

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  We use the MGAB Charge Base to determine the periodic MGAB rider charges. The MGAB Charge 
  Base equals the eligible premiums, plus any premium credits, if applicable, adjusted for subsequent 
  withdrawals and transfers. Withdrawals reduce the MGAB Base and MGAB Charge Base on a pro- 
  rata basis. The percentage reduction in the MGAB Base and the MGAB Charge Base equals the 
  percentage reduction in contract value resulting from the withdrawal. This means that the MGAB 
  Base and MGAB Charge Base are reduced for withdrawals by the same proportion that the withdrawal 
  reduces the contract value. For example, if the contract value is reduced by 25% as the result of a 
  withdrawal, the MGAB Base and the MBAG Charge Base are also reduced by 25% (rather than by the 
  amount of the withdrawal). 
 
  Any transfer between subaccounts or between a subaccount and a Fixed Interest Allocation within 3 
  years of the MGAB Date reduces the MGAB Base and MGAB Charge Base on a pro-rata basis, based 
  on the percentage of contract value transferred. Adjustments for such transfers are made as if the 
  transfer was a withdrawal followed by a premium payment to the new investment option, which is not 
  an eligible premium for MGAB benefit purposes. 
 
2)  We then subtract your contract value on the MGAB Date from your MGAB Base. The contract 
  value that we subtract includes both the contract value in the subaccounts in which you are invested 
  and the contract value in your Fixed Interest Allocations, if any. 
 
3)  Any positive difference is your MGAB. If there is a MGAB, we will automatically credit it on the 
  MGAB Date to the subaccounts in which you are invested pro-rata based on the proportion of your 
  contract value in the subaccounts on that date. If you do not have an investment in any subaccount on 
  the MGAB Date, we will allocate the MGAB to the ING Liquid Assets Portfolio on your behalf. After 
  we credit the MGAB, the amount of your annuity income, cash surrender value and death benefits will 
  reflect the crediting of the MGAB to your contract value to the extent the contract value is used to 
  determine such value. 

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Examples of the Impact of Transfers between Subaccounts within Three Years of the MGAB Date.

Example #1:  A transfer of $5,000 from Subaccount 1 to Subaccount 2 occurring within three years of the 
  MGAB Date.           
 
                     Subaccount 1           Subaccount 2    Total 
  Contract  MGAB  Contract  MGAB  Contract  MGAB 
  Value  Base  Value  Base  Value  Base 
           Before             
           Transfer  15,000  10,000  8,000  10,000  23,000  20,000 
 
           After             
           Transfer  10,000  6,667  13,000  10,000  23,000  16,667 

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Example #2:  A transfer of $5,000 from Subaccount 2 to Subaccount 1 occurring within three years of the 
  MGAB Date.           
 
                     Subaccount 1           Subaccount 2    Total 
  Contract  MGAB  Contract  MGAB  Contract  MGAB 
  Value  Base  Value  Base  Value  Base 
           Before             
           Transfer  15,000  10,000  8,000  10,000  23,000  20,000 
 
           After             
           Transfer  20,000  10,000  3,000  3,750  23,000  13,750 

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Purchase. The MGAB rider is no longer available for purchase. To purchase the MGAB rider, you must have
been age 80 or younger on the rider date. The waiting period must end at or before your annuity start date. The
MGAB rider must have been purchased (i) on the contract date, and (ii) within 30 days following the contract
date. For contracts issued more than 30 days before the date this rider first became available in your state, the
Company could, in its discretion allow purchase of this rider
beyond such date.

The MGAB Charge Base. The MGAB Charge Base is the total of premiums and premium credits, if
applicable, added during the two-year period commencing on the rider date if you purchase the rider on the contract
date, or your contract value on the rider date plus premiums and premium credits, if applicable, added during the
two-year period commencing on the rider date if you purchased the rider after the contract date, reduced pro-rata for
all withdrawals taken while the MGAB rider is in effect, and reduced pro-rata for transfers made during the three
year period before the MGAB Date. Withdrawals and transfers may reduce the applicable MGAB Charge Base by
more than the amount withdrawn or transferred.

The MGAB Date. The MGAB Date is the date the MGAB rider becomes effective. If you purchased the
MGAB rider on the contract date or added the MGAB rider within 30 days following the contract date, the MGAB
Date is your 10th contract anniversary. If you added the MGAB rider during the 30-day period preceding your first
contract anniversary after the date of this prospectus, your MGAB Date will be the first contract anniversary
occurring after 10 years after the rider date. The MGAB rider is not available if the MGAB Date would fall beyond
the latest annuity start date.

Notification. We will report any crediting of the MGAB in your first quarterly statement following the MGAB
Date.

No Cancellation. Once you purchase the MGAB rider, you may not cancel it unless you cancel the Contract
during the Contract’s free look period, which also automatically cancels the MGAB rider. Once the Contract
continues beyond the free look period, you may not cancel the MGAB rider.

Termination. The MGAB rider is a “living benefit,” which means the guaranteed benefit offered by the rider is
intended to be available to you while you are living and while your Contract is in the accumulation phase. The
MGAB rider automatically terminates if you:

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·  annuitize, surrender or otherwise terminate your Contract during the accumulation phase; or 
·  die during the accumulation phase (first owner to die if there are multiple contract owners, or at death 
  of annuitant if contract owner is not a natural person), unless your spouse beneficiary elects to continue 
  the Contract. 

The MGAB rider will also terminate if there is a change in contract ownership (other than a spousal beneficiary
continuation on your death), including addition of a joint owner.

Minimum Guaranteed Income Benefit Rider (the “MGIB Rider”). The MGIB rider is an optional benefit which
guarantees a minimum amount of annuity income will be available to you if you annuitize on the MGIB Date (as
defined below), regardless of fluctuating market conditions. Please note that if you elect the MGIB rider, you may

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not allocate contract value to the Fixed Interest Division. No loans are permitted on Contracts with the MGIB rider.
The minimum guaranteed amount of annuity income will depend on the amount of premiums you pay during the
five contract years after you purchase the rider, the MGIB Rate (as defined below), the adjustment for Special Fund
transfers, and any withdrawals you take while the MGIB rider is in effect. Investing in Special Funds may limit the
MGIB benefit because for purposes of determining the MGIB Benefit Base, Special Funds allocations are not
subject to accumulation at the MGIB Rate, and withdrawals and transfers from Special Funds are not dollar-for-
dollar, but pro-rata, meaning the MGIB Benefit Base may be reduced by the same proportion that contract value
allocated to Special Funds is reduced. For Contracts with the MGIB rider purchased on and after September 4,
2007, the minimum guaranteed amount will also include any eligible premium credits.

Purchase. The MGIB rider is no longer available for purchase rider, including purchase by owners of existing
Contracts. Previously, you must have been age 75 or younger on the rider date and the ten-year waiting period must
end at or prior to the latest annuity start date to purchase the MGIB rider. Before April 28, 2008, the maximum age
was 79. Some broker dealers may limit availability of the rider to younger ages. The MGIB rider must have been
purchased on the contract date. Previously, the Company in its discretion could allow the purchase of this rider after
the contract date. There is a ten-year waiting period before you can annuitize under the MGIB rider.
The MGIB Date. The MGIB Date is the date on which you may exercise your right to begin receiving annuity
income payments pursuant to the MGIB Rider. The MGIB Date always coincides with your Contract’s anniversary
date. You may not exercise your right to begin receiving annuity income payments pursuant to the MGIB Rider
until the MGIB Date that is at least ten years after the rider date.

Charges. The charge we deduct under the MGIB Rider is 0.75% of the MGIB Benefit Base. The calculation
of the MGIB Benefit Base is described in “Determining the MGIB Annuity Income,” below. The MGIB rider
automatically terminates if the contract value is insufficient to pay the charge for the MGIB rider.

How the MGIB Rider Works. Ordinarily, the amount of income that will be available to you on the annuity
start date is based on your contract value, the annuity option you selected and the guaranteed or the income factors
in effect on the date you annuitize. If you purchase the MGIB rider, the amount of income that will be available to
you upon annuitization on the MGIB Date is the greatest of:

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1)  your annuity income based on your contract value on the MGIB Date applied to the guaranteed income 
  factors specified in your Contract for the annuity option you selected; 
 
2)  your annuity income based on your contract value on the MGIB Date applied to the then-current 
  income factors in effect for the annuity option you selected; or 
 
3)  the MGIB annuity income based on your MGIB Benefit Base on the MGIB Date applied to the MGIB 
  income factors specified in your rider for the MGIB annuity option you selected. Prior to applying the 
  MGIB income factors, we will adjust the MGIB Benefit Base for any premium tax recovery that would 
  otherwise apply at annuitization. 

The guaranteed factors contained in the MGIB rider generally provide lower payout per $1,000 of value applied than
the guaranteed factors found in your Contract. Although the minimum income provided under the rider can be
determined in advance, the contract value in the future is unknown, so the income provided under a contract with the
MGIB rider attached may be greater or less than the income that would be provided under the Contract without the
rider. Generally, the income calculated under the rider will be greater than the income provided under the Contract
whenever the MGIB Benefit Base (greater of the Rollup and Ratchet Bases) is sufficiently in excess of the contract
value to offset the additional conservatism reflected in the rider’s income factors compared to those in the Contract.
The income factors in the MGIB rider generally reflect a lower interest rate and more conservative mortality than

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the income factors in the Contract. The degree of relative excess that the income factors require to produce more
income will vary for each individual circumstance. If the contract value exceeds the MGIB Benefit Base at time of
annuitization, the Contract will always produce greater income than the rider. Please see Appendix E — Examples
of Minimum Guaranteed Income Benefit Calculation.

The MGIB Benefit Base is only a calculation used to determine the MGIB annuity income. The MGIB Benefit Base
does not represent a contract value, nor does it guarantee performance of the subaccounts in which you are invested.
It is also not used in determining the amount of your cash surrender value and death benefits. Any reset of contract
value under provisions of the Contract or other riders will not increase the MGIB Benefit Base or Maximum MGIB
Base (as defined below).

The MGIB Benefit Base is tracked separately for Covered and Special Funds, based on initial allocation of premium
and any premium credit, if applicable. Contract value (not eligible premium) is used as the initial value if the rider
is added after the contract date. The MGIB Benefit Base also will include subsequent eligible premiums, if any,
which are premiums and related premium credits paid within five years of purchasing the MGIB rider. (Premiums
and related premium credits paid after the rider date are excluded.) The following investment options are designated
as Special Funds for purposes of calculating the MGIB Benefit Base: the ING Liquid Assets Portfolio. The
ProFunds VP Rising Rates Opportunity Portfolio is also a Special Fund, but closed to new allocations, effective
April 30, 2007. For more information about Covered Funds and Special Funds, please see “The Trust and Funds -
Covered Funds and Special Funds.”

Prior to your latest annuity start date, you may choose to exercise your right to receive payments under the MGIB
rider. Payments under the rider begin on the MGIB Date. We require a 10-year waiting period before you can
annuitize the MGIB rider benefit. The MGIB must be exercised in the 30-day period prior to the end of the waiting
period or any subsequent contract anniversary. At your request, the Company may in its discretion extend the latest
contract annuity start date without extending the MGIB Date.

Determining the MGIB Annuity Income. On the MGIB Date, we calculate your MGIB annuity income as
follows:

1)  We first determine your MGIB Benefit Base: The MGIB Benefit Base is equal to the greater of the 
  MGIB Rollup Base and the MGIB Ratchet Base. 
 
  a)  Calculation of MGIB Rollup Base 
 
    The MGIB Rollup Base is equal to the lesser of the Maximum MGIB Base and the sum of (a), and 
    (b) where: 
 
    (a)  is the MGIB Rollup Base for Covered Funds; 
    (b)  is the MGIB Rollup Base for Special Funds; 
 
    The Maximum MGIB Base applicable to the MGIB Rollup Base is 250% of eligible premiums 
    (including any related premium credits), adjusted pro-rata for withdrawals. This means that the 
    Maximum MGIB Base is reduced for withdrawals by the same proportion that the withdrawal 
    reduces the contract value. The Maximum MGIB Base is not allocated by Fund category. 
 
    The MGIB Rate. Calculation of the MGIB Rollup Base will be impacted by the MGIB Rate. 
    The MGIB Rate is an annual effective rate at which the eligible premiums (including any related 
    premium credits) accumulate, which is currently 6%. As noted below, eligible premiums 
    (including any related premium credits) accumulate at the MGIB Rate only up until the oldest 
    contract owner reaches age 80 or the MGIB Rollup Base reaches the Maximum MGIB Base, and 
    only to the extent that premiums are invested in Covered Funds. 
 
    For example, assume a contract was issued on September 4, 2007 with an initial premium of 
    $10,000, and the issue age of the contract owner was age 60, with an MGIB Date of September 4, 
    2017. Assuming 100% of the premium was allocated to Covered Funds, the MGIB Rollup Base 

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  would be $17,908 on the MGIB Date, the result of the $10,000 initial premium multiplied by the 
  7% MGIB Rate annually for the 10-year period between the issue date and the MGIB Date. 
 
  For Contracts with the MGIB rider purchased before May 1, 2009, the MGIB Rate is 7%. 
 
  The MGIB Rollup Base allocated to Covered Funds equals the eligible premiums (including 
  any related premium credits), allocated to Covered Funds, adjusted for subsequent withdrawals 
  and transfers taken or made while the MGIB rider is in effect, accumulated at the MGIB Rate to 
  the earlier of the oldest owner reaching age 80 and the MGIB Rollup Base reaching the Maximum 
  MGIB Base. The MGIB Rollup Base accumulates at 0% thereafter. The MGIB Rate is currently 
  6% (7% for Contracts with the MGIB rider purchased before May 1, 2009). The MGIB Rate is an 
  annual effective rate. We may, at our discretion, discontinue offering this rate. The MGIB Rate 
  will not change for those contracts that have already purchased the MGIB rider. 
 
  The MGIB Rollup Base allocated to Special Funds equals the eligible premiums (including any 
  related premium credits), allocated to Special Funds, adjusted for subsequent withdrawals and 
  transfers taken or made while the MGIB rider is in effect. The MGIB Rate does not apply to the 
  MGIB Rollup Base allocated to Special Funds, so the MGIB Rollup Base allocated to Special 
  Funds does not accumulate. 
 
  Withdrawals reduce the MGIB Rollup Base on a pro-rata basis. The percentage reduction in the 
  MGIB Rollup Base for each Fund category (i.e., Covered or Special) equals the percentage 
  reduction in contract value in that Fund category resulting from the withdrawal. This means that 
  the MGIB Rollup Base for Covered Funds and Special Funds is reduced for withdrawals by the 
  same proportion that the withdrawal reduces the contract value allocated to Covered Funds or 
  Special Funds. For example, if the contract value in Covered Funds is reduced by 25% as the 
  result of a withdrawal, the MGIB Rollup Base allocated to Covered Funds is also reduced by 25% 
  (rather than by the amount of the withdrawal). 
 
  Because the MGIB Rollup Base is tracked separately for Covered and Special Funds, when you 
  make transfers between Covered and Special Funds, there is an impact on the MGIB Rollup Base. 
  Net transfers between Covered Funds and Special Funds will reduce the MGIB Rollup Base 
  allocated to Covered Funds or Special Funds, as applicable, on a pro-rata basis. This means that 
  the MGIB Rollup Base allocated to Covered Funds or Special Funds will be reduced by the same 
  percentage as the transfer bears to the contract value allocated to Covered Funds or Special Funds. 
  For example, if the contract value in Covered Funds is reduced by 25% as the result of the 
  transfer, the MGIB Rollup Base allocated to Covered Funds is also reduced by 25% (rather than 
  by the amount of the transfer). The resulting increase in the MGIB Rollup Base allocated to 
  Special Funds will equal the reduction in the MGIB Rollup Base allocated to Covered Funds. 
  Transfers from Special Funds to Covered Funds are treated in the same way. 
 
  In a case where the MGIB Rollup Base for Covered Funds is greater than the contract value in 
  Covered Funds, a transfer from Covered Funds will result in the MGIB Rollup Base for Covered 
  Funds being reduced by a dollar amount that is higher than the dollar amount of the transfer. A 
  higher reduction to the MGIB Rollup Base for Covered Funds will have a larger negative impact 
  on the MGIB Benefit Base, potentially reducing the minimum guaranteed amount of annuity 
  income upon annuitization under the MGIB rider. This means the benefit you receive under the 
  MGIB rider will not be as great because of the transfer. 
 
  For example, assume the MGIB Rollup Base for Covered Funds prior to a transfer from Covered 
  Funds was $12,000 at a time that the contract value in Covered Funds was $10,000. If the contract 
  owner transferred 25% of this $10,000 ($2,500) from the contract value in the Covered Funds, it 
  would result in a 25% decrease in the MGIB Rollup Base for Covered Funds, or $3,000 ($12,000 
  * 25%), which is $500 more than the amount actually transferred from the Covered Funds. 
 
b)  Calculation of MGIB Ratchet Base 

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The MGIB Ratchet Base for Covered Funds and Special Funds equals: 
 
·  on the rider date, eligible premiums (including any related premium credits) or the contract 
  value (if the rider is added after the contract date) allocated to Covered Funds and Special 
  Funds; 
 
·  on each contract anniversary prior to attainment of age 90, the MGIB Ratchet Base for 
  Covered Funds and Special Funds is set equal to the greater of: 
 
  1)  the current contract value allocated to Covered Funds and Special Funds (after any 
    deductions occurring on that date); and 
 
  2)  the MGIB Ratchet Base for Covered Funds and Special Funds from the prior contract 
    anniversary, adjusted for any new eligible premiums (including any related premium 
    credits), withdrawals attributable to Covered Funds or Special Funds, and transfers. 
 
    For Contracts with the MGIB rider purchased before February 2, 2009, the MGIB 
    Ratchet Base for Covered and Special Funds is recalculated on each “quarterly 
    anniversary date” prior to attainment of age 90. A “quarterly anniversary date” is the 
    date three months from the contract date that falls on the same date in the month as the 
    contract date. For example, if the contract date is February 12, the quarterly anniversary 
    date is May 12. If there is no corresponding date in the month, the quarterly anniversary 
    date will be the last date of the month. 
 
    Whenever the date falls on a weekend or holiday, we will use the value as of the 
    subsequent business day. 
 
·  at other times, the MGIB Ratchet Base for Covered Funds and Special Funds is the MGIB 
  Ratchet Base from the prior contract anniversary (quarterly anniversary date for Contracts 
  with the MGIB rider purchased before February 2, 2009), adjusted for subsequent eligible 
  premiums (including any related premium credits), withdrawals attributable to Covered Funds 
  or Special Funds, and transfers. 
 
Withdrawals reduce the MGIB Ratchet Base on a pro-rata basis. The percentage reduction in the 
MGIB Ratchet Base for each fund category (i.e., Covered Funds and Special Funds) equals the 
percentage reduction in contract value in that fund category resulting from the withdrawal. This 
means that the MGIB Ratchet Base for Covered Funds and Special Funds is reduced for 
withdrawals by the same proportion that the withdrawal reduces the contract value allocated to 
Covered Funds and Special Funds. For example, if the contract value in Covered Funds is 
reduced by 25% as the result of a withdrawal (including surrender charge), the MGIB Ratchet 
Base allocated to Covered Funds is also reduced by 25% (rather than the amount of the 
withdrawal). 

2) Then we determine the MGIB annuity income by multiplying your MGIB Benefit Base (adjusted
for any surrender charge and premium taxes) by the income factor, and then divide by $1,000.

MGIB Income Options

The following are the MGIB Income Options available under the MGIB Rider:

(i)  If MGIB Benefit exercised at ages 10-73: 
  Income for Life (Single Life or Joint with 100% Survivor) with no more than a 10 year certain fixed 
  period. 
 

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(ii)     If MGIB Benefit exercised at ages 74-89:
         Income for Life (Single Life or Joint with 100% Survivor) with no more than a six year certain period. 
 
(iii)      Any other income plan offered by the Company in conjunction with the MGIB rider on the MGIB 
         Date. 

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For Contracts with the MGIB rider purchased before September 4, 2007, the exercise ranges were 10 to 74 and 75 to
89. Also, the period certain was seven years instead of six if the MGIB rider is to be exercised during the later age
range.

Once during the life of the Contract, you have the option to elect to apply up to 50% of the MGIB Benefit Base to
one of the MGIB Income Options available under the Rider. This option may only be exercised in the 30-day period
prior to a contract anniversary at or after the end of the waiting period. The portion of the MGIB Benefit Base so
applied will be used to determine the MGIB income, as is otherwise described in the prospectus. The Contract Value
will be reduced on a pro-rata basis. Any subsequent exercise of your right to receive payments under the MGIB
rider must be for 100% of the remaining value. The exercise of this partial annuitization of the MGIB Benefit Base
does not affect your right to annuitize under the Contract without regard to the rider. The amount applied to the
partial annuitization will be treated as a withdrawal for purposes of adjusting contract and rider values.

Please note that if you elect partial annuitization, income payments received will be taxed as withdrawals.
Please consult your tax adviser before making this election, as the taxation of partial annuitization is
uncertain.

Investment Option Restrictions. For Contracts with the MGIB rider
purchased on and after September 4, 2007, there is an asset allocation requirement. We require that your contract
value be allocated in accordance with certain limitations in order to mitigate the insurance risk inherent in our
guarantee to provide you with a guaranteed minimum amount of annuity income if you annuitize on the MGIB Date
(subject to the terms and conditions of the MGIB rider). There are Accepted Funds, Fixed Allocation Funds and
Other Funds for purposes of this asset allocation requirement. We are not currently applying this asset allocation
requirement to the MGIB rider.

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Accepted Funds. Currently, the Accepted Funds are:   
 
 BlackRock Global Allocation V.I. Fund  ING Retirement Conservative Portfolio 
 ING American Funds Asset Allocation Portfolio  ING Retirement Growth Portfolio 
 ING American Funds World Allocation Portfolio  ING Retirement Moderate Growth Portfolio 
 ING Morgan Stanley Global Tactical Asset  ING Retirement Moderate Portfolio 
 Allocation Portfolio   
 ING Liquid Assets Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
 ING MFS Total Return Portfolio  ING Van Kampen Equity and Income Portfolio 
 ING Oppenheimer Active Allocation Portfolio  Fixed Interest Allocation 
 
If this rider was purchased before February 2, 2009, the following are additional Accepted Funds: 
 
 ING Franklin Templeton Founding Strategy Portfolio   
 ING WisdomTreeSM Global High-Yielding Equity Index Portfolio 

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We may change these designations at any time upon 30 days written notice to you. If a change is made, the change 
will apply to contract value allocated to such portfolios after the date of the change. 
 
                   Fixed Allocation Funds. Currently, the Fixed Allocation Funds are: 
 
                     ING American Funds Bond Portfolio  ING PIMCO Total Return Bond Portfolio 
                     ING BlackRock Inflation Protected Bond Portfolio  ING U.S. Bond Index Portfolio 
                     ING Intermediate Bond Portfolio   

You may allocate contract value to one or more of the Fixed Allocation Funds. We consider the ING
Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic
Rebalancing.

Other Funds. All portfolios available under the contract other than the Accepted Funds or Fixed
Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is less
than a percentage of the total contract value allocated to both the Fixed Allocation Funds and Other Funds on any
MGIB Rebalancing Date (as defined below), then we will automatically rebalance the contract value allocated to the
Fixed Allocation Funds and Other Funds so that the appropriate percentage of this amount is allocated to the Fixed
Allocation Funds. This is called Fixed Allocation Funds Automatic Rebalancing and the percentage is stated in your
Contract. Currently, the minimum Fixed Allocation Fund percentage is zero – we are not currently imposing these
asset allocation requirements. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing.
Any rebalancing is done on a pro-rata basis among the Fixed Allocation Funds and Other Funds and will be the last
transaction processed on that date.

The MGIB Rebalancing Dates occur on each annual contract anniversary and after any one of the following
transactions:

1)  receipt of additional premiums; 
2)  transfer or reallocation among Fixed Allocation Funds or Other Funds, whether automatic or 
  specifically directed by you; and 
3)  withdrawals from a Fixed Allocation Fund or Other Fund. 

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the contract.
However, if the other automatic rebalancing under the contract causes the allocations to be out of compliance with
the investment option restrictions noted above, then Fixed Allocation Funds Automatic Rebalancing will occur
immediately after the automatic rebalancing to restore the required allocations. See “Appendix G - Examples of
Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed Allocation Funds Automatic
Rebalancing has occurred, along with your new allocations, by a confirmation statement that will be mailed to you
after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in reallocation into the Fixed
Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed
Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the MGIB rider, you are
providing the Company with direction and authorization to process these transactions, including
reallocations into the Fixed Allocation Funds. You should not purchase the MGIB rider if you do not wish to
have your contract value reallocated in this manner.

Relationship of Accepted Funds, Other Funds and Fixed Allocation Funds to Special Funds, Covered
Funds and Restricted Funds. In general, Special Funds, Covered Funds and Restricted Funds impact the value of
certain benefits available under living benefit riders, while Accepted Funds and Other Funds relate to the asset
allocation requirements required under the living benefit riders. Fixed Allocation Funds Automatic Rebalancing and
its fund designations (Accepted Funds, Fixed Allocation Funds and Other Funds) are in addition to the designations

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for purposes of calculating the MGIB Benefit Base (Covered Funds and Special Funds). Please see “The Trusts and
Funds – Covered Funds and Special Funds” and “The Trusts and Funds – Restricted Funds.” Because of this, your
ability to allocate your entire contract value to all Covered Funds for purposes of calculating the MGIB Benefit Base
is subject to Fixed Allocation Funds Automatic Rebalancing. In the event you allocate contract value to Covered
Funds for the purposes of calculating the MGIB Benefit Base that are considered Other Funds for purposes of the
above asset allocation requirements, you will be required to satisfy the asset allocation requirements of Fixed
Allocation Funds Automatic Rebalancing. However, we are not currently imposing these asset allocation
requirements.

In the event an investment option was designated a Restricted Fund, any allocations to a specific investment option
would be further limited to the investment limitations of these funds. Please see “The Trusts and Funds – Restricted
Funds.” Currently, no investment options are designated as a Restricted Fund.

It is possible for an investment option to have two different designations: An Accepted Fund for purposes of Fixed
Allocation Funds Automatic Rebalancing may also be a Special Fund for purposes of calculating the MGIB Rollup
Base. While Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing, and so your
allocation to that investment option as an Accepted Fund would not be subject to Fixed Allocation Funds Automatic
Rebalancing, the MGIB Rollup Base is impacted as a consequence in as much as your allocation to that investment
division as a Special Fund would not accumulate at the MGIB Rate of 6% per year (7% for Contracts with the
MGIB rider purchased before May 1, 2009). Therefore, if we were currently imposing the asset allocation
requirements, and a contract owner wished to avoid this result, he or she could allocate among the remaining
Accepted Funds, as well as among the remaining Other Funds that are not designated as Special Funds (subject to
Fixed Allocation Funds Automatic Rebalancing).

No Cancellation. Once you purchase the MGIB rider, you may not cancel it unless you: a) cancel the Contract
during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and start receiving
annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel
the MGIB rider. Once the Contract continues beyond the free look period, you may not cancel the MGIB rider.

Termination. The MGIB rider is a “living benefit,” which means the guaranteed benefit offered by the rider is
intended to be available to you while you are living and while your Contract is in the accumulation phase. The
MGIB rider automatically terminates if you:

·  annuitize, surrender or otherwise terminate your Contract during the accumulation phase; 
 
·  do not have contract value that is sufficient to pay the charge for the MGIB rider; or 
 
·  die during the accumulation phase (first owner to die if there are multiple contract owners, or at death 
  of annuitant if contract owner is not a natural person), unless your spouse beneficiary elects to continue 
  the Contract. 

Change of Owner or Annuitant. The MGIB rider will also terminate upon a change of ownership, including
adding a joint owner. Once you purchase the MGIB rider, the annuitant may not be changed except when an
annuitant who is not a contract owner dies prior to annuitization, in which case a new annuitant may be named in
accordance with the provisions of your Contract. The MGIB Base is unaffected and continues to accumulate.

In addition to spousal continuation, the following transactions are not considered a change of ownership for
purposes of termination of the MGIB rider:

1)  Transfers from custodian to custodian; 
2)  Transfers from a custodian for the benefit of an individual to that same individual; 
3)  Transfers from an individual to a custodian for the benefit of the same individual; 
4)  Collateral assignments; 

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5)  Transfers from trust to trust where the contract owner and the grantor of the trust is the same 
  individual; 
 
6)  Transfers from an individual to a trust where the contract owner and the grantor of the trust is the same 
  individual; or 
 
7)  Transfers from a trust to an individual where the contract owner and the grantor of the trust is the same 
  individual. 

Notification. On or about 30 days prior to the MGIB Date, we will provide you with notification which will
include an estimate of the amount of MGIB annuity benefit available if you choose to exercise it. We will determine
the actual amount of the MGIB annuity benefit as of the MGIB Date.

The MGIB rider does not restrict or limit your right to annuitize the Contract at any time permitted under
the Contract. The MGIB rider does not restrict your right to annuitize the Contract using contract values
that may be higher than the MGIB annuity benefit.

The benefits associated with the MGIB rider are available only if you annuitize your Contract under the
rider and in accordance with the provisions set forth above. Annuitizing using the MGIB may result in a
more favorable stream of income payments, and different tax consequences, under your Contract. Because
the MGIB rider is based on conservative actuarial factors, the level of lifetime income that it guarantees may
be less than the level that might be provided by the application of your Contract value to the Contract’s
applicable annuity factors. You should consider all of your options at the time you begin the income phase of
your Contract.

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider. The ING LifePay
Plus rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum
level of annual withdrawals from the Contract for the lifetime of the annuitant, even if these withdrawals deplete
your Contract value to zero. You may wish to purchase this rider if you are concerned that you may outlive your
income.

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Important Note: The below information pertains to the ING LifePay Plus rider which was available for 
sale from January 28, 2008 through March 15, 2010. Please see Appendix H if you purchased ING 
LifePay, the prior form of this rider. 

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Purchase. Beginning on and after January 28, 2008, you may elect to purchase the ING LifePay Plus rider.
The annuitant must be the owner or one of the owners, unless the owner is a non-natural owner. Joint annuitants are
not allowed. The maximum issue age is 80. The issue age is the age of the owner (or the annuitant if there are joint
owners or the owner is non-natural) on the Contract anniversary on which the rider is effective. The ING LifePay
Plus rider is subject to broker/dealer availability. The ING LifePay Plus rider will not be issued until your contract
value is allocated in accordance with the investment option restrictions described in “Investment Option
Restrictions,” below. Please note that with the ING LifePay Plus rider, you cannot allocate contract value to a
Fixed Interest Division at any time.

The ING LifePay Plus rider is no longer available for purchase, including purchase by owners of existing Contracts.
Previously, Contracts issued on and after November 1, 2004 were eligible for the ING LifePay Plus rider, subject
to the conditions, requirements and limitations of the prior paragraph. Such Contracts must not already have had a
living benefit rider. Or if your Contract met the above eligibility date and had the ING LifePay rider, you
could upgrade to the ING LifePay Plus rider for a limited time. There is an election form for this purpose. Please
contact the Customer Service Center for more information.

Rider Date. The rider date is the date the ING LifePay Plus rider becomes effective. If you purchase the ING
LifePay Plus rider when the Contract is issued, the rider effective date is also the Contract date. If the rider is
added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly
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  No Cancellation. Once you purchase the ING LifePay Plus rider, you may not cancel it unless you: a) cancel
the Contract during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and
start receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events
automatically cancel the ING LifePay Plus rider.

Termination. The ING LifePay Plus rider is a “living benefit,” which means the guaranteed benefits offered
are intended to be available to you while you are living and while your Contract is in the accumulation phase.
The optional rider automatically terminates if you:

1)  terminate your Contract pursuant to its terms during the accumulation phase, surrender your Contract, 
  or begin receiving income phase payments in lieu of payments under the ING LifePay Plus rider; or 
 
2)  die during the accumulation phase (first owner to die if there are multiple Contract owners, or death of 
  annuitant if Contract owner is not a natural person), unless your spouse beneficiary elects to continue 
  the Contract. 

The ING LifePay Plus rider will also terminate if there is a change in Contract ownership (other than a spousal
beneficiary continuation on your death). Other circumstances that may cause the ING LifePay Plus rider to
terminate automatically are discussed below.

How the ING LifePay Plus Rider Works. The ING LifePay Plus rider has both phases and statuses. Through
the lifetime of the ING LifePay Plus rider, you will be in one of two phases: the Growth Phase or the Withdrawal
Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day
before you take your first withdrawal, or on your Contract’s annuity start date. See “The Income Phase –
Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING
LifePay Plus rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your
contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your
first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw
guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

During the Withdrawal Phase, this rider has four different statuses that come in a pair to fulfill your withdrawal
guarantee: Guaranteed Withdrawal Status and Automatic Periodic Benefit Status; and Lifetime Guaranteed
Withdrawal Status and Lifetime Automatic Periodic Benefit Status. Together, these status pairs operate to fulfill the
rider’s withdrawal guarantee and depend on how old your annuitant is when you take your first withdrawal.

Guaranteed Withdrawal Status begins on the date of the first withdrawal, ONLY IF the quarterly contract
anniversary following the annuitant reaching age 59½ has not yet passed, and continues until certain circumstances
occur as noted in “Guaranteed Withdrawal Status” below. Thereafter, Automatic Periodic Benefit Status would
begin ONLY IF your contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum
Annual Withdrawal, as discussed more thoroughly below. In Automatic Periodic Benefit Status, you are no longer
entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to receive periodic
payments in an annual amount equal to the Maximum Annual Withdrawal until the MGWB Base is exhausted.
Alternatively, in the event your contract value is depleted because of withdrawals that exceed the Maximum Annual
Withdrawal, then Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING LifePay
Plus rider will terminate without value. While the Withdrawal Phase of your rider may begin in Guaranteed
Withdrawal Status, your rider may not enter Automatic Periodic Benefit Status

Lifetime Guaranteed Withdrawal Status begins on the date of the first withdrawal, provided the quarterly contract
anniversary following the annuitant’s age 59½ has passed, and continues until certain circumstances occur as noted
in the “Lifetime Guaranteed Withdrawal Status” below. Thereafter, Lifetime Automatic Periodic Benefit Status
would begin ONLY IF you contract value is depleted to zero for reasons other than withdrawals that exceed the
Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime Automatic Periodic Benefit
Status, you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to
receive periodic payments in an amount equal to the Maximum Annual Withdrawal. Alternatively, in the event your
contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then Lifetime

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Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING LifePay Plus rider will
terminate without value.

Benefits paid under the ING LifePay Plus rider require the calculation of the Maximum Annual Withdrawal. The
ING LifePay Plus Base (referred to as the “MGWB Base” in the Contract) is used to determine the Maximum
Annual Withdrawal and is calculated as follows:

1)  If you purchased the ING LifePay Plus rider on the Contract date, the initial ING LifePay Plus Base is 
  equal to the initial premium (excluding any credit on the premium, or premium credit, available with your 
  Contract). 
 
2)  If you purchased the ING LifePay Plus rider after the Contract date, the initial ING LifePay Plus Base is 
  equal to the Contract value on the effective date of the rider (excluding any premium credits applied during 
  the preceding 36 months). 

During the Growth Phase, the ING LifePay Plus Base is increased dollar-for-dollar by any premiums received,
excluding any applicable premium credits (“eligible premiums”). In addition, on each contract anniversary, the ING
LifePay Plus Base is recalculated as the greater of:

·  The current ING LifePay Plus Base; or 
·  The current Contract value (excluding any premium credits applied during the 36 months preceding the 
  calculation). This is referred to as the annual “ratchet.” 

If this rider was purchased before February 2, 2009, the ING LifePay Plus Base is recalculated on each quarterly
contract anniversary (once each quarter of a contract year from the contract date). This is referred to as a quarterly
“ratchet.”

Also, on each of the first ten contract anniversaries ONLY after the Annuitant has reached age 59½, the ING
LifePay Plus Base is recalculated as the greatest of:

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·  The current ING LifePay Plus Base; or 
·  The current Contract value (excluding any premium credits applied during the 36 months preceding the 
  calculation); and 
·  During the Growth Phase, the ING LifePay Plus Base on the previous contract anniversary, increased by 
  6%, plus any eligible premiums and minus any third-party investment advisory fees paid from your 
  contract during the year. This is referred to as an annual “step-up.” (Any premium credits applied are 
  excluded from the eligible premiums with a step-up.) If this rider was purchased before February 2, 2009, 
  the annual step-up is 7%. 

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Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to which this
rider is attached (a post Contract issuance election), the first opportunity for a step-up will not be until the first
contract anniversary after a full contract year has elapsed since the rider effective date, SO LONG AS the Annuitant
is at least age 59½.

Say for example that with a Contract purchased on January 1, 2007, the contract owner decides to add LifePay Plus
on March 15, 2007. The rider effective date is April 1, 2007, which is the date of the Contract’s next following
quarterly contract anniversary. Because on January 1, 2008 a full contract year will not have elapsed since the rider
effective date, the ING LifePay Plus Base will not be eligible for a step-up. Rather, the first opportunity for a step-
up with this Contract is on January 1, 2009, assuming the Annuitant is age 59½.

This rider has no cash value. You cannot surrender the Contract for the ING LifePay Plus Base. The ING LifePay
Plus Base is not available to annuitize.

Currently, any additional premiums paid during the Withdrawal Phase are eligible premiums for purposes of
determining the ING LifePay Plus Base and the Maximum Annual Withdrawal. If this rider was purchased before
February 2, 2009, any additional premiums paid during the Withdrawal Phase are not eligible premiums, but do

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increase the Contract value used to determine the reset Maximum Annual Withdrawal under the benefit reset feature
of the ING LifePay Plus rider (see “ING LifePay Plus Reset,” below). We reserve the right to discontinue allowing
premium payments during the Withdrawal Phase.

Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, ONLY IF the quarterly
contract anniversary has not passed on which or after the annuitant is age 59½. While the ING LifePay Plus rider is
in Guaranteed Withdrawal Status, withdrawals in a contract year up to the Maximum Annual Withdrawal will
reduce the ING LifePay Plus Base dollar-for-dollar. Withdrawals while the ING LifePay Plus rider is in Guaranteed
Withdrawal Status are not guaranteed for the lifetime of the annuitant. This status will then continue until the
earliest of:

1)  quarterly contract anniversary following the annuitant reaching age 59½, provided the contract owner 
  does not decline the change to Lifetime Guaranteed Withdrawal Status; 
2)  reduction of the ING LifePay Plus Base to zero, at which time the rider will terminate; 
3)  the date annuity payments begin (see “The Income Phase”); 
4)  reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual 
  Withdrawal; 
5)  reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal (see “Automatic Periodic Benefit Status,” below); 
6)  the surrender of the Contract; 
7)  the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural 
  owner), unless your spouse beneficiary elects to continue the Contract; or 
8)  automatic reset into the Lifetime Guaranteed Withdrawal Status. 

You will receive prior notice, of not less than 30 days, if you are in the Guaranteed Withdrawal Status and become
eligible for the Lifetime Guaranteed Withdrawal Status. This notice will explain the change, its impact to you and
your options. You may decline this change.

Please note that with the automatic reset into the Lifetime Guaranteed Withdrawal Status, it is possible that the
Maximum Annual Withdrawal, as recalculated, will be less, due to your withdrawals (and reduction of the ING
LifePay Plus Base as a result) while the rider was in the Guaranteed Withdrawal Status. See Appendix F,
Illustration 6, for an example. Also please note, however, that by declining automatic reset into the Lifetime
Guaranteed Withdrawal Status, your ING LifePay Plus Base will not thereafter be automatically reset – to the then
current Contract value (excluding any premium credits applied during the 36 months preceding the calculation) if
the contract value is higher – as it could be while the rider is in Lifetime Guaranteed Withdrawal Status. No further
resets will be available. For more information, please see “ING LifePay Plus Reset” below.

If you decline the automatic reset, your rider will continue in the Guaranteed Withdrawal Status. There will not be
another opportunity to automatically reset into the Lifetime Guaranteed Withdrawal Status. Thereafter, in the event
contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal, including due to poor market performance, your rider’s status will change to Automatic Periodic
Benefit Status. In Automatic Periodic Benefit Status, other than the payments as provided under the ING LifePay
Plus rider, the Contract will provide no further benefits (including death benefits). In the event contract value is
reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will
terminate without value. For more information about the effect of a withdrawal reducing the Contract value to zero,
please see “Automatic Periodic Benefit Status” below.

Please see below for more information about each of this rider’s four different statuses.

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Lifetime Guaranteed Withdrawal Status. This status begins on the date of your first withdrawal, SO LONG
AS the quarterly contract anniversary has passed on which or after the annuitant is age 59½. Or for Contracts in
Guaranteed Withdrawal Status, the Lifetime Guaranteed Withdrawal Status begins upon automatic reset. This status
continues until the earliest of:

1)  the date annuity payments begin (see “The Income Phase”); 
2)  reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual 
  Withdrawal; 
3)  reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal (see “Lifetime Automatic Periodic Benefit Status,” below); 
4)  the surrender of the Contract; or 
5)  the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural 
  person owner), unless your spouse beneficiary elects to continue the Contract. 

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event Contract value is reduced to
zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor
market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the
ING LifePay Plus rider, the Contract will provide no further benefits (including death benefits). Otherwise, if
Contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and
rider will terminate without value. For more information about the effect of a withdrawal reducing the Contract
value to zero, please see “Lifetime Automatic Periodic Benefit Status” below. As described below, certain features
of the ING LifePay Plus rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

  Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is
determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the Contract
value and 2) the ING LifePay Plus Base as of the last day of the Growth Phase. The first withdrawal after the
effective date of the rider (which causes the end of the Growth Phase) is treated as occurring on the first day
of the Withdrawal Phase, after calculation of the Maximum Annual Withdrawal. The Maximum Annual
Withdrawal percentage, which varies by age of the annuitant on the date the Withdrawal Phase begins, is as
follows:

  Maximum Annual 
Annuitant Age  Withdrawal Percentage 
0-64*  4%* 
65-75  5% 
76-80  6% 
81+  7% 

  *If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant
reaches age 59½, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the
ING LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.”
Then, on the quarterly contract anniversary on or after the annuitant reaches age 59½, the ING LifePay
Plus Base will automatically be reset to the current Contract value (excluding any premium credits
applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be
recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:


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Annuitant Age Maximum Annual Withdrawal Percentage
0-75*  5%* 
76-80  6% 
81+  7% 

*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant reaches
age 59½, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING LifePay
Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the
quarterly contract anniversary on or after the annuitant reaches age 59½, the ING LifePay Plus Base will
automatically be reset to the current Contract value (excluding any premium credits applied during the
preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

Once determined, the Maximum Annual Withdrawal percentage never changes for the Contract, except as
provided for under spousal continuation. See “Continuation After Death – Spouse,” below. This is important
to keep in mind in deciding when to take your first withdrawal because the younger you are at that time, the
lower the Maximum Annual Withdrawal percentage.

If the Contract’s annuity commencement date is reached while you are in the ING LifePay Plus rider’s
Lifetime Guaranteed Withdrawal Status, then you may elect a life only annuity option, in lieu of the
Contract’s other annuity options, under which we will pay the greater of the annuity payout under the
Contract and equal annual payments of the Maximum Annual Withdrawal.

Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals.
The amount of your withdrawal or withdrawals in any Contract year that, when added together, do not exceed
the Maximum Annual Withdrawal do not reduce the Maximum Annual Withdrawal. However, if the total
amount of your withdrawals in any Contract year exceeds the Maximum Annual Withdrawal, then the
Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the
amount of the excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a
Contract year exceed the Maximum Annual Withdrawal and the amount of your present request for a
withdrawal. The amount of any applicable premium credit deduction (recapture) or surrender charges are not
included in determining whether the total amount of your withdrawals in a Contract year exceeds the
Maximum Annual Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum
Annual Withdrawal is to be subject to a pro-rata reduction because of an excess withdrawal, the amount by
which the Maximum Annual Withdrawal will be reduced will include any premium credit deduction and
surrender charges. See Appendix F, Illustrations 1 and 2 for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the Contract to satisfy the Required
Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING LifePay
Plus rider and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such
withdrawal that exceed the Maximum Annual Withdrawal for a specific Contract year will not be deemed
excess withdrawals in that Contract year for purposes of the ING LifePay Plus rider, subject to the following
rules:

1)  If your Required Minimum Distribution for a calendar year (determined on a date on or before 
  January 31 of that year), applicable to this Contract, is greater than the Maximum Annual 
  Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the 
  Required Minimum Distribution that exceeds the Maximum Annual Withdrawal. 
 
2)  Once you have taken the Maximum Annual Withdrawal for the then current Contract year, the dollar 
  amount of any additional withdrawals will count first against and reduce any unused Additional 
  Withdrawal Amount for the previous calendar year followed by any Additional Withdrawal Amount 
  for the current calendar year – without being deemed an excess withdrawal. 

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3) In the event of any withdrawals that exceed the Maximum Annual Withdrawal and all available
  Additional Withdrawal Amounts, the dollar amount of these withdrawals will be deemed excess 
  withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as 
  described above. 
 
4)  The Additional Withdrawal Amount is available on a calendar year basis and recalculated every 
  January, reset to equal that portion of the Required Minimum Distribution for that calendar year that 
  exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional 
  Withdrawal Amount carries over into the next calendar year and is available through the end of that 
  year, at which time any amount remaining will expire. 
 
5)  The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum 
  Annual Withdrawal Amount. See “ING LifePay Plus Reset Option” below. The Additional 
  Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as 
  described above. 

See Appendix F, Illustrations 3 and 4.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the
payment of investment advisory fees to a named third party investment adviser for advice on management of
the Contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such
withdrawals reduce the ING LifePay Plus Base on a dollar-for-dollar basis, and during the Withdrawal Phase,
these withdrawals are treated as any other withdrawal.

Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in excess of
the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the pro-rata
reduction described in “Determination of the Maximum Annual Withdrawal” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the rider is in Guaranteed Withdrawal Status, the rider will enter Automatic Periodic Benefit
Status and you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will
begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal, until the
remaining ING LifePay Plus Base is exhausted.

When the rider enters Automatic Periodic Benefit Status:

1)  the Contract will provide no further benefits (including death benefits) other than as provided under 
  the ING LifePay Plus rider; 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the Contract will terminate, unless otherwise specified in that rider. 

During Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal
to the Maximum Annual Withdrawal. These payments will continue until the ING LifePay Plus Base is
reduced to zero, at which time the rider will terminate without value.

If when the ING LifePay Plus rider enters Automatic Periodic Benefit Status your net withdrawals to date are
less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference
immediately. The periodic payments will begin on the last day of the first full Contract year following the date
the rider enters Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic
withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be
withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at
the time the rider enters Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the
Contract more frequently than annually, the periodic payments will be made at the same frequency in equal

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amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual
Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments
were being made monthly or quarterly. If the payments were being made semi-annually or annually, the
payments will be made at the end of the half-Contract year or Contract year, as applicable.

Lifetime Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in
excess of the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the
pro-rata reduction described in “Determination of the Maximum Annual Withdrawal” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the rider is in Lifetime Guaranteed Withdrawal Status, the rider will enter Lifetime
Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING
LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum
Annual Withdrawal.

When the rider enters Lifetime Automatic Periodic Benefit Status:

1)  the Contract will provide no further benefits (including death benefits) other than as provided under 
  the ING LifePay Plus rider; 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the Contract will terminate, unless otherwise specified in that rider. 

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount 
that is equal to the Maximum Annual Withdrawal. These payments will cease upon the death of the annuitant at 
which time both the rider and the Contract will terminate. The rider will remain in Lifetime Automatic Periodic 
Benefit Status until it terminates without value upon the annuitant’s death. 
 
If when the ING LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status your net withdrawals to 
date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference 
immediately. The periodic payments will begin on the last day of the first full Contract year following the date 
the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter. 
 
You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic 
withdrawal, either a fixed amount or an amount based upon percentage of the contract value will be withdrawn 
from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time 
the rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the 
Contract more frequently than annually, the periodic payments will be made at the same frequency in equal 
amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual 
Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments 
were being made monthly or quarterly. If the payments were being made semi-annually or annually, the 
payments will be made at the end of the half-Contract year or Contract year, as applicable. 
 
ING LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the Maximum 
Annual Withdrawal has been determined, on each contract anniversary we will increase (or “reset”) the ING 
LifePay Plus Base to the current Contract value (excluding any premium credits applied during the 36 months 
preceding the calculation), if the Contract value is higher. The Maximum Annual Withdrawal will also be 
recalculated, and the remaining portion of the new Maximum Annual Withdrawal will be available for 
withdrawal immediately. This reset ONLY occurs when the rider is in Lifetime Guaranteed Withdrawal Status, 
and is automatic. 
 
If this rider was purchased before February 2, 2009, the ING LifePay Plus Base and Maximum Annul 
Withdrawal is reset on each quarterly contract anniversary. 
 
We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior notice, 

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of not less than 30 days, which explains the change, its impact to you and your options. You may decline this
change (and the reset). Please note, however, that by declining a reset, your ING LifePay Plus Base will not
thereafter be reset, and the Maximum Annual Withdrawal will also not be recalculated; no further resets will be
available.

Investment Option Restrictions. While this rider is in effect, there
are limits on the portfolios to which your Contract value may be allocated. Contract value allocated to portfolios
other than Accepted Funds will be rebalanced so as to maintain at least a specified percentage of such Contract value
in the Fixed Allocation Funds, which percentage depends on the rider’s purchase date:

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Rider Purchase Date  Fixed Allocation Fund Percentage 
On or after February 2,  30% 
2009   
Before February 2, 2009  20% 

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See “Fixed Allocation Funds Automatic Rebalancing,” below for more information. We have these investment
option restrictions to lessen the likelihood we would have to make payments under this rider. We require this
allocation regardless of your investment instructions to the Contract. The rider will not be issued until your Contract
value is allocated in accordance with these investment option restrictions. The timing of when and how we apply
these restrictions is discussed further below.

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         Accepted Funds. Currently, the Accepted Funds are:   
 
           BlackRock Global Allocation V.I. Fund  ING Retirement Conservative Portfolio 
           ING American Funds Asset Allocation Portfolio  ING Retirement Growth Portfolio 
           ING American Funds World Allocation Portfolio  ING Retirement Moderate Growth Portfolio 
           ING Morgan Stanley Global Tactical Asset  ING Retirement Moderate Portfolio 
           Allocation Portfolio   
           ING Liquid Assets Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
           ING MFS Total Return Portfolio  ING Van Kampen Equity and Income Portfolio 
           ING Oppenheimer Active Allocation Portfolio  Fixed Interest Allocation 
 
         If this rider was purchased before February 2, 2009, the following are additional Accepted Funds: 
 
           ING Franklin Templeton Founding Strategy Portfolio   
           ING WisdomTreeSM Global High-Yielding Equity Index Portfolio 
 
         No rebalancing is necessary when Contract value is allocated entirely to Accepted Funds. We may change 
these designations at any time upon 30 days notice to you. If a change is made, the change will apply to 
Contract value allocated to such portfolios after the date of the change. 
 
         Fixed Allocation Funds. Currently, the Fixed Allocation Funds are: 
 
           ING American Funds Bond Portfolio  ING PIMCO Total Return Bond Portfolio 
           ING BlackRock Inflation Protected Bond Portfolio  ING U.S. Bond Index Portfolio 
           ING Intermediate Bond Portfolio   

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You may allocate your contract value to one or more of the Fixed Allocation Funds. We consider the ING
Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic
Rebalancing.

Other Funds. All portfolios available under the Contract other than Accepted Funds or the Fixed
Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the Contract value in the Fixed Allocation Funds is
less than the specified percentage of the total Contract value allocated to both the Fixed Allocation Funds and
Other Funds on any ING LifePay Plus Rebalancing Date, we will automatically rebalance the Contract value
allocated to the Fixed Allocation Funds and Other Funds so that the specified percentage of this amount is
allocated to the Fixed Allocation Funds. The specified percentage depends on the rider’s purchase date.
Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done
on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction
processed on that date. The ING LifePay Plus Rebalancing Dates occur on each Contract anniversary and after
the following transactions:

1)  receipt of additional premiums; 
2)  transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or 
  specifically directed by you; and 
3)  withdrawals from the Fixed Allocation Funds or Other Funds. 

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the
Contract. However, if the other automatic rebalancing under the Contract causes the allocations to be out of
compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic
Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See
“Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed
Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation
statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the
Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples
of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING LifePay
Plus rider, you are providing the Company with direction and authorization to process these
transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING
LifePay Plus rider if you do not wish to have your Contract value reallocated in this manner.

Death of Owner or Annuitant. The ING LifePay Plus rider and charges will terminate on the date of
death of the owner (or in the case of joint owners, the first owner), or the annuitant if there is a non-natural
owner.

Continuation After Death – Spouse. If the surviving spouse of the deceased owner continues the
Contract (see “Death Benefit Choices – Continuation After Death – Spouse”), the rider will also continue on the
next quarterly contract anniversary, provided the spouse becomes the annuitant and sole owner.

If the rider is in the Growth Phase at the time of spousal continuation:

1)  The rider will continue in the Growth Phase; 
2)  On the date the rider is continued, the ING LifePay Plus Base will be reset to equal the greater of the 
  ING LifePay Plus Base and the then current Contract value; 
3)  The ING LifePay Plus charges will restart and be the same as were in effect prior to the claim date; 

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  4) Ratchets, which stop on the claim date, are restarted, effective on the date the rider is continued;

5) Any remaining step-ups will be available, and if the rider is continued before an annual contract
anniversary when a step-up would have been available, then that step-up will be available;

6) The Maximum Annual Withdrawal percentage will be determined as of the date of the first
withdrawal, whenever it occurs, and will be based on the spouse’s age on that date; and

7) The rider’s Standard Withdrawal Benefit will be available until the quarterly contract anniversary on or
after the spouse is age 59½.

If the rider is in the Withdrawal Phase at the time of spousal continuation: 
 
         1)  The rider will continue in the Withdrawal Phase. 
 
         2)  The rider’s charges will restart on the date the rider is continued and be the same as were in effect prior 
  to the claim date. 
 
         3)  On the quarterly Contract anniversary that the date the rider is continued: 
 
  (a)  If the surviving spouse was not the annuitant before the owner’s death, then the ING LifePay 
    Plus Base will be reset to the current Contract value and the Maximum Annual Withdrawal is 
    recalculated by multiplying the new ING LifePay Plus Base by the Maximum Annual 
    Withdrawal percentage based on the surviving spouse’s age on that date. Withdrawals are 
    permitted pursuant to the other provisions of the rider. Withdrawals causing the Contract value 
    to fall to zero will terminate the Contract and the rider. 
 
  (b)  If the surviving spouse was the annuitant before the owner’s death, then the ING LifePay Plus 
    Base will be reset to the current Contract value, only if greater, and the Maximum Annual 
    Withdrawal is recalculated by multiplying the new ING LifePay Plus Base by the Maximum 
    Annual Withdrawal percentage based on the surviving spouse’s age on that date. Withdrawals 
    are permitted pursuant to the other provisions of the rider. 
 
         4)  The rider charges will restart on the quarter Contract anniversary that the rider is continued and will be 
  the same as were in effect prior to the claim date. 

Effect of ING LifePay Plus Rider on Death Benefit. If you die before Lifetime Automatic Periodic
Benefit Status begins under the ING LifePay Plus rider, the death benefit is payable, but the rider terminates.
However, if the beneficiary is the owner’s spouse, and the spouse elects to continue the Contract, the death
benefit is not payable until the spouse’s death. Thus, you should not purchase this rider with multiple
owners, unless the owners are spouses. See “Death of Owner or Annuitant” and “Continuation After Death –
Spouse,” above for further information.

While in Lifetime Automatic Periodic Benefit Status, if the owner who is not the annuitant dies, we will
continue to pay the periodic payments that the owner was receiving under the ING LifePay Plus rider to the
beneficiary. While in Lifetime Automatic Periodic Benefit Status, if an owner who is also the annuitant dies,
the periodic payments will stop. No other death benefit is payable.

While the rider is in Automatic Periodic Benefit Status, if the owner dies, the remaining ING LifePay Plus Base
will be paid to the beneficiary in a lump sum.

Change of Owner or Annuitant. Other than as provided above under “Continuation After Death- Spouse,”
you may not change the annuitant. The rider and rider charges will terminate upon change of owner, including
adding an additional owner, except for the following ownership changes:

1) spousal continuation as described above;

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2)  change of owner from one custodian to another custodian; 
3)  change of owner from a custodian for the benefit of an individual to the same individual; 
4)  change of owner from an individual to a custodian for the benefit of the same individual; 
5)  collateral assignments; 
6)  change in trust as owner where the individual owner and the grantor of the trust are the same 
  individual; 
7)  change of owner from an individual to a trust where the individual owner and the grantor of the trust 
  are the same individual; and 
8)  change of owner from a trust to an individual where the individual owner and the grantor of the trust 
  are the same individual. 

Surrender Charges. If you elect the ING LifePay Plus rider, your withdrawals will be subject to surrender
charges if they exceed the free withdrawal amount, so long as there is contract value from which to take your
withdrawals. However, once your Contract value is zero, any periodic payments under the ING LifePay Plus rider
would not be subject to surrender charges. Moreover, with no contract value, none of your contract level recurring
charges (e.g., the Mortality and Expense Risk Charge) would be deducted. See Appendix F for examples.

Loans. No loans are permitted on Contracts with the ING LifePay Plus rider.

Taxation. For more information about the tax treatment of amounts paid to you under the ING LifePay Plus
Rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit.”

ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider. The
ING Joint LifePay Plus rider generally provides, subject to the restrictions and limitations below, that we will
guarantee a minimum level of annual withdrawals from the Contract for the lifetime of both you and your spouse,
even if these withdrawals deplete your contract value to zero. You may wish to purchase this rider if you are
married and are concerned that you and your spouse may outlive your income.

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Important Note: The Below information pertains to the ING Joint LifePay Plus rider which was available 
for sale from January 28, 2008 through March 15, 2010. Please see Appendix H if you purchased 
ING Joint LifePay, the prior form of this rider. 

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Purchase. Beginning on and after January 28, 2008, you may elect to purchase the ING Joint LifePay Plus
rider. The ING Joint LifePay Plus rider is only available for purchase by individuals who are married at the time of
purchase and eligible to elect spousal continuation (as defined by the Tax Code) when the death benefit becomes
payable. We refer to these individuals as spouses. Certain ownership, annuitant, and beneficiary designations are
required in order to purchase the ING Joint LifePay Plus rider. See “Ownership, Annuitant, and Beneficiary
Requirements,” below. The maximum issue age is 80. Both spouses must meet these issue age requirements on the
contract anniversary on which the ING Joint LifePay Plus rider is effective. The issue age is the age of the owners
on the Contract anniversary on which the rider is effective. The ING Joint LifePay Plus rider is subject to
broker/dealer availability. The ING Joint LifePay Plus rider will not be issued until your contract value is allocated
in accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Please
note that with the ING Joint LifePay Plus rider, you cannot allocate contract value to a Fixed Interest
Division at any time.

The ING Joint LifePay Plus rider is no longer available for purchase, including purchase by owners of existing
Contracts. Previously, Contracts issued on and after November 1, 2004 were eligible for the ING Joint LifePay
Plus rider, subject to the conditions, requirements and limitations of the prior paragraph. Such Contracts must not
already have had a living benefit rider. Or if your Contract met the above eligibility date and had the ING Joint

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LifePay rider, you could upgrade to the ING Joint LifePay Plus rider for a limited time. There is an election
form for this purpose. Please contact our Customer Service Center for more information.

Ownership, Annuitant, and Beneficiary Designation Requirements. Certain ownership, annuitant, and
beneficiary designations are required in order to purchase the ING Joint LifePay Plus rider. These designations
depend upon whether the contract is issued as a nonqualified contract, an IRA or a custodial IRA. In all cases, the
ownership, annuitant, and beneficiary designations must allow for the surviving spouse to continue the contract
when the death benefit becomes payable, as provided by the Tax Code. Non-natural, custodial owners are only
allowed with IRAs (“custodial IRAs”). Joint annuitants are not allowed. The necessary ownership, annuitant and/or
beneficiary designations are described below. Applications that do not meet the requirements below will be
rejected. We reserve the right to verify the date of birth and social security number of both spouses.

Nonqualified Contracts. For a jointly owned contract, the owners must be spouses, and the annuitant
must be one of the owners. For a contract with only one owner, the owner’s spouse must be the sole primary
beneficiary, and the annuitant must be one of the spouses.

IRAs. There may only be one owner, who must also be the annuitant. The owner’s spouse must be the
sole primary beneficiary.

Custodial IRAs. While we do not maintain individual owner and beneficiary designations for IRAs held
by an outside custodian, the ownership and beneficiary designations with the custodian must comply with the
requirements listed in “IRAs” above. The annuitant must be the same as the beneficial owner of the custodial
IRA. We require the custodian to provide us the name and date of birth of both the owner and the owner’s
spouse.

Rider Date. The ING Joint LifePay Plus rider date is the date the ING Joint LifePay Plus rider becomes
effective. If you purchase the ING Joint LifePay Plus rider when the contract is issued, the ING Joint LifePay Plus
rider date is also the contract date. If the rider is added after contract issue, the rider effective date will be the date
of the Contract’s next following quarterly contract anniversary.

No Cancellation. Once you purchase the ING Joint LifePay Plus rider, you may not cancel it unless you: a)
cancel the contract during the contract’s free look period; b) surrender the Contract; c) start receiving annuity
payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel the ING
Joint LifePay Plus rider.

Termination. The ING Joint LifePay Plus rider is a “living benefit,” which means the guaranteed benefits
offered are intended to be available to you and your spouse while you are living and while your contract is in the
accumulation phase. The optional rider automatically terminates if you:

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1)  terminate your contract pursuant to its terms during the accumulation phase, surrender your Contract, 
  or begin receiving income phase payments in lieu of payments under the ING Joint LifePay Plus rider; 
 
2)  die during the accumulation phase (first owner to die in the case of joint owners, or death of annuitant 
  if the contract is a custodial IRA), unless your spouse elects to continue the contract (and your spouse 
  is active for purposes of the ING Joint LifePay Plus rider); or 
 
3)  change the owner of the contract (other than a spousal continuation by an active spouse). 

See “Change of Owner or Annuitant,” below. Other circumstances that may cause the ING Joint LifePay Plus rider
to terminate automatically are discussed below.

Active Status. Once the ING Joint LifePay Plus rider has been issued, a spouse must remain in “active” status
in order to exercise rights and receive the benefits of the ING Joint LifePay Plus rider after the first spouse’s death
by electing spousal continuation. In general, changes to the ownership, annuitant, and/or beneficiary designation
requirements noted above will result in one spouse being designated as “inactive.” Inactive spouses are not eligible
to continue the benefits of the ING Joint LifePay Plus rider after the death of the other spouse. Once designated

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“inactive,” a spouse may not regain active status under the ING Joint LifePay Plus rider. Specific situations that will
result in a spouse’s designation as “inactive” include the following:

1)  For nonqualified contracts where the spouses are joint owners, the removal of a joint owner (if that 
  spouse does not automatically become sole primary beneficiary pursuant to the terms of the contract), 
  or the change of one joint owner to a person other than an active spouse. 
 
2)  For nonqualified contracts where one spouse is the owner and the other spouse is the sole primary 
  beneficiary, as well as for IRA contracts (including custodial IRAs), the addition of a joint owner who 
  is not also an active spouse or any change of beneficiary (including the addition of primary 
  beneficiaries). 
 
3)  In the event of the death of one spouse (in which case the deceased spouse becomes inactive). 

An owner may also request that one spouse be treated as inactive. In the case of joint-owned contracts, both
contract owners must agree to such a request. An inactive spouse is not eligible to exercise any rights or receive any
benefits under the ING Joint LifePay Plus rider. However, all charges for the ING Joint LifePay Plus rider will
continue to apply, even if one spouse becomes inactive, regardless of the reason. You should make sure you
understand the impact of beneficiary and owner changes on the ING Joint LifePay Plus rider prior to
requesting any such changes.

A divorce will terminate the ability of an ex-spouse to continue the contract. See “Divorce,” below.

How the ING Joint LifePay Plus Rider Works. The ING Joint LifePay Plus rider has both phases and
statuses. Through the lifetime of the ING Joint LifePay Plus rider, you will be in one of two phases: the Growth
Phase or the Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and
ends as of the business day before you take your first withdrawal, or on your Contract’s annuity start date. See “The
Income Phase – Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits
under the ING Joint LifePay Plus rider are being paid out; rather, during the Growth Phase, premiums and
investment growth under your contract continue to accumulate. The Withdrawal Phase follows the Growth Phase
and begins once you take your first withdrawal or annuity payment, whichever occurs first. During the Withdrawal
Phase, you may withdraw guaranteed amounts from your Contract, subject to the terms and conditions noted in this
section.

During the Withdrawal Phase, this rider has four different statuses that come in a pair to fulfill your withdrawal
guarantee: Guaranteed Withdrawal Status and Automatic Periodic Benefit Status; and Lifetime Guaranteed
Withdrawal Status and Lifetime Automatic Periodic Benefit Status. Together, these status pairs operate to fulfill the
rider’s withdrawal guarantee and depend on how old the youngest active spouse is when you take your first
withdrawal.

Guaranteed Withdrawal Status begins on the date of the first withdrawal, ONLY IF the quarterly contract
anniversary following the youngest active spouse’s 65th birthday has not yet passed, and continues until certain
circumstances occur as noted in “Guaranteed Withdrawal Status” below. Thereafter, Automatic Periodic Benefit
Status would begin ONLY IF your contract value is depleted to zero for reasons other than withdrawals that exceed
the Maximum Annual Withdrawal, as discussed more thoroughly below. In Automatic Periodic Benefit Status, you
are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay Plus rider, you will begin to
receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal until the ING Joint
LifePay Plus Base is exhausted. Alternatively, in the event your contract value is depleted because of withdrawals
that exceed the Maximum Annual Withdrawal, then Automatic Periodic Benefit Status would not begin. Rather, the
Contract and the ING Joint LifePay Plus rider will terminate without value. While the Withdrawal Phase of your
rider may begin in Guaranteed Withdrawal Status, your rider may not enter Automatic Periodic Benefit Status.

Lifetime Guaranteed Withdrawal Status begins on the date of the first withdrawal, provided the quarterly contract
anniversary following the youngest active spouse’s 65th birthday has passed, and continues until certain
circumstances occur as noted in the “Lifetime Guaranteed Withdrawal Status” below. Thereafter, Lifetime
Automatic Periodic Benefit Status would begin ONLY IF you contract value is depleted to zero for reasons other

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than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime
Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING Joint
LifePay Plus rider, you will begin to receive periodic payments in an amount equal to the Maximum Annual
Withdrawal. Alternatively, in the event your contract value is depleted because of withdrawals that exceed the
Maximum Annual Withdrawal, then Lifetime Automatic Periodic Benefit Status would not begin. Rather, the
Contract and the ING Joint LifePay Plus rider will terminate without value.

Benefits paid under the ING Joint LifePay Plus rider require the calculation of the Maximum Annual Withdrawal.
The ING Joint LifePay Plus Base (referred to as the “MGWB Base” in the contract) is used to determine the
Maximum Annual Withdrawal and is calculated as follows:

1)  If you purchased the ING Joint LifePay Plus rider on the contract date, the initial ING Joint LifePay Plus 
  Base is equal to the initial premium (excluding any premium credit available with your Contract). 
 
2)  If you purchased the ING Joint LifePay Plus rider after the contract date, the initial ING Joint LifePay Plus 
  Base is equal to the contract value on the effective date of the ING Joint LifePay Plus rider (excluding any 
  premium credits applied during the preceding 36 months). 

During the Growth Phase, the ING Joint LifePay Plus Base is increased dollar-for-dollar by any premiums received,
excluding any applicable premium credits (“eligible premiums”). In addition, on each contract anniversary, the ING
Joint LifePay Plus Base is recalculated as the greater of:

·  The current ING Joint LifePay Plus Base; or 
·  The current Contract value (excluding any premium credits applied during the 36 months preceding the 
  calculation). This is referred to as the annual “ratchet.” 

If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base is recalculated on each
quarterly contract anniversary (once each quarter of a contract year from the contract date). This is referred to as a
quarterly “ratchet.”

Also, on each of the first five contract anniversaries ONLY after the youngest active spouse reaches age 65, the ING
Joint LifePay Plus Base is recalculated as the greatest of:

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·  The current ING Joint LifePay Plus Base; or 
·  The current Contract value (excluding any premium credits applied during the 36 months preceding the 
  calculation); and 
·  During the Growth Phase, the ING Joint LifePay Plus Base on the previous contract anniversary, 
  increased by 6%, plus any eligible premiums and minus any third-party investment advisory fees paid from 
  your contract during the year. This is referred to as an annual “step-up.” (Any premium credits applied are 
  excluded from the eligible premiums with a step-up.) If this rider was purchased before February 2, 2009, 
  the annual step-up is 7%. 

</R>

Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to which this
rider is added (a post Contract issuance election), the first opportunity for a step-up will not be until the first contract
anniversary after a full contract year has elapsed since the rider date, SO LONG AS the youngest active spouse is at
least age 65.

Say for example that with a Contract purchased on January 1, 2007, the contract owner decides to add Joint LifePay
Plus on March 15, 2007. The rider effective date is April 1, 2007, which is the date of the Contract’s next following
quarterly contract anniversary. Because on January 1, 2008 a full contract year will not have elapsed since the rider
effective date, the ING Joint LifePay Plus Base will not be eligible for a step-up. Rather, the first opportunity for a
step-up with this Contract is on January 1, 2009, assuming the youngest active spouse is age 65.

This rider has no cash value. You cannot surrender the Contract for the ING Joint LifePay Plus Base. The ING
Joint LifePay Plus Base is not available to annuitize.

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Currently, any additional premiums paid during the Withdrawal Phase are eligible premiums for purposes of
determining the ING Joint LifePay Plus Base and the Maximum Annual Withdrawal. If this rider was purchased
before February 2, 2009, any additional premiums paid during the Withdrawal Phase are not eligible premiums, but
do increase the contract value used to determine the reset Maximum Annual Withdrawal under the benefit reset
feature of the ING Joint LifePay Plus rider (see “ING Joint LifePay Plus Reset,” below). We reserve the right to
discontinue allowing premium payments during the Withdrawal Phase.

Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, ONLY IF the quarterly
contract anniversary has not passed on which or after the youngest active spouse is age 65. While the ING Joint
LifePay Plus rider is in Guaranteed Withdrawal Status, withdrawals in a contract year up to the Maximum Annual
Withdrawal will reduce the ING Joint LifePay Plus Base dollar-for-dollar. Withdrawals while the ING Joint
LifePay Plus rider is in Guaranteed Withdrawal Status are not guaranteed for the lifetime of the annuitant. This
status will then continue until the earliest of:

1)  quarterly contract anniversary following the youngest active spouse’s 65th birthday, provided the 
  contract owner does not decline the change to Lifetime Guaranteed Withdrawal Status; 
2)  reduction of the ING Joint LifePay Plus Base to zero, at which time the rider will terminate; 
3)  the date annuity payments begin (see “The Income Phase”); 
4)  reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual 
  Withdrawal; 
5)  reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal (see “Automatic Periodic Benefit Status,” below); 
6)  the surrender of the Contract; 
7)  the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural 
  owner), unless your spouse beneficiary elects to continue the Contract; or 
8)  automatic reset into the Lifetime Guaranteed Withdrawal Status. 

You will receive prior notice, of not less than 30 days, if you are in the Guaranteed Withdrawal Status and become
eligible for the Lifetime Guaranteed Withdrawal Status. This notice will explain the change, its impact to you and
your options. You may decline this change.

Please note with the automatic reset into the Lifetime Guaranteed Withdrawal Status, it is possible that the
Maximum Annual Withdrawal, as recalculated, will be less due to your withdrawals (and reduction of the ING Joint
LifePay Plus Base as a result) while the rider was in Guaranteed Withdrawal Status. See Appendix F, Illustration 6,
for an example. Also please note, however, that by declining automatic reset into the Lifetime Guaranteed
Withdrawal Status, your ING Joint LifePay Plus will not thereafter be automatically reset – to the then current
contract value (excluding any premium credits applied during the 36 months preceding the calculation) if the
contract value is higher – as it could be while the rider is in Lifetime Guaranteed Withdrawal Status. No further
resets will be available. For more information, please see “ING Joint LifePay Plus Reset” below.

If you decline the automatic reset, your rider will continue in the Guaranteed Withdrawal Status. There will not be
another opportunity to automatically reset into the Lifetime Guaranteed Withdrawal Status. Thereafter, in the event
contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal, including due to poor market performance, your rider’s status will change to Automatic Periodic
Benefit Status. In Automatic Periodic Benefit Status, other than the payments as provided under the ING Joint
LifePay Plus rider, the Contract will provide no further benefits (including death benefits). In the event contract
value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will
terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero,
please see “Automatic Periodic Benefit Status,” below.

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Please see below for more information about each of this rider’s four different statuses.

Lifetime Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, SO LONG
AS the quarterly contract anniversary has passed on which or after the youngest active spouse is age 65. Or for
Contracts in Guaranteed Withdrawal Status, the Lifetime Guaranteed Withdrawal Status begins upon automatic
reset. This status continues until the earliest of:

1)  the date annuity payments begin (see “The Income Phase”); 
2)  reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal; 
3)  reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal (see “Lifetime Automatic Periodic Benefit Status,” below); 
4)  the surrender of the contract; or 
5)  the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural 
  owner), unless your active spouse beneficiary elects to continue the contract. 

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to
zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor
market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the
ING Joint LifePay Plus rider, the Contract will provide no further benefits (including death benefits). Otherwise, if
contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and
rider will terminate without value. For more information about the effect of a withdrawal reducing the Contract
value to zero, please see “Lifetime Automatic Periodic Benefit Status” below. As described below, certain features
of the ING Joint LifePay Plus rider may differ depending on whether you are in the Lifetime Guaranteed
Withdrawal Status.

Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined
on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the contract value and 2)
the ING Joint LifePay Plus Base as of the last day of the Growth Phase. The first withdrawal after the effective
date of the ING Joint LifePay Plus rider (which causes the end of the Growth Phase) is treated as occurring on
the first day of the Withdrawal Phase, immediately after calculation of the Maximum Annual Withdrawal. The
Maximum Annual Withdrawal percentage, which varies by age of the youngest active spouse on the date the
Withdrawal Phase begins, is as follows:

Youngest Active  Maximum Annual 
Spouse’s Age  Withdrawal Percentage 
0-64*  4%* 
65-75  5% 
76-80  6% 
81+  7% 

  *If the Withdrawal Phase begins before the quarterly contract anniversary on or after the younger
spouse reaches age 65, withdrawals in a contract year up to 4% will reduce the ING Joint LifePay Plus
Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the
quarterly contract anniversary on or after the younger spouse reaches age 65, the ING Joint LifePay
Plus Base will automatically be reset to the current Contract value (excluding any premium credits
applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be
recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:

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Youngest Active  Maximum Annual 
Spouse’s Age  Withdrawal Percentage 
0-75*  5%* 
76-80  6% 
81+  7% 

*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the younger spouse
reaches age 65, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING
Joint LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then,
on the quarterly contract anniversary on or after the younger spouse reaches age 65, the ING Joint LifePay Plus
Base will automatically be reset to the current Contract value (excluding any premium credits applied during the
preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

Once determined the Maximum Annual Withdrawal percentage never changes for the contract. This is
important to keep in mind in deciding when to take your first withdrawal because the younger you are at that
time, the lower the Maximum Annual Withdrawal percentage.

If the Contract’s annuity commencement date is reached while you are in the ING Joint LifePay Plus rider’s
Lifetime Guaranteed Withdrawal Status, then you may elect a life only annuity option, in lieu of the Contract’s
other annuity options, under which we will pay the greater of the annuity payout under the Contract and equal
annual payments of the Maximum Annual Withdrawal, provided that, if both spouses are active, payments
under the life only annuity option will be calculated using the joint life expectancy table for both spouses. If
only one spouse is active, payments will be calculated using the single life expectancy table for the active
spouse.

Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals.
The amount of your withdrawal or withdrawals in a contract year that, when added together, do not exceed the
Maximum Withdrawal Amount do not reduce the Maximum Withdrawal Amount. However, if the total
amount of your withdrawals in any contract year exceeds the Maximum Annual Withdrawal, then the
Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the
excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a contract
year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The
amount of any applicable premium credit deduction (recapture) or surrender charges are not included in
determining whether the total amount of your withdrawals in a contract year exceeds the Maximum Annual
Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is
to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum
Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See
Appendix FI, Illustrations 1 and 2 for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the contract to satisfy the Required
Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING Joint LifePay
Plus rider, and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such
withdrawal that exceeds the Maximum Annual Withdrawal for a specific contract year will not be deemed
excess withdrawals in that contract year for purposes of the ING Joint LifePay Plus rider, subject to the
following:

1)  If the contract owner’s Required Minimum Distribution for a calendar year (determined on a date on or 
  before January 31 of that year), applicable to the contract, is greater than the Maximum Annual 
  Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the 
  Required Minimum Distribution that exceeds the Maximum Annual Withdrawal. 

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2) Once you have taken the Maximum Annual Withdrawal for the then current contract year, the dollar
  amount of any additional withdrawals will count first against and reduce any unused Additional 
  Withdrawal Amount for the previous calendar year followed by any Additional Withdrawal Amount 
  for the current contract year – without being deemed an excess withdrawal. 
 
3)  In the event of any withdrawals that exceed the Maximum Annual Withdrawal and all available 
  Additional Withdrawal Amounts, the dollar amount of these withdrawals will be deemed excess 
  withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as 
  described above. 
 
4)  The Additional Withdrawal Amount is available on a calendar year basis and is recalculated every 
  January, reset to equal that portion of the Required Minimum Distribution for that calendar year that 
  exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional 
  Withdrawal Amount carries over into the next calendar year and is available through the end of that 
  year, at which time any remaining amount will expire. 
 
5)  The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum 
  Annual Withdrawal Amount. See “ING Joint LifePay Plus Reset Option” below. The Additional 
  Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as 
  described above. 

See Appendix F, Illustrations 3 and 4.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the
payment of investment advisory fees to a named third party investment adviser for advice on management of
the contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals
reduce the ING Joint LifePay Plus Base on a dollar-for-dollar basis, and during the Withdrawal Phase, these
withdrawals are treated as any other withdrawal.

Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in excess of
the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the pro-rata
reduction described in “Determination of the Maximum Annual Withdrawal” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the rider is in Guaranteed Withdrawal Status, the rider will enter Automatic Periodic Benefit
Status and you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay Plus rider, you
will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal, until
the remaining ING Joint LifePay Plus Base is exhausted.

When the rider enters Automatic Periodic Benefit Status:

1)  the Contract will provide no further benefits (including death benefits) other than as provided under 
  the ING Joint LifePay Plus rider; 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the Contract will terminate, unless otherwise specified in that rider. 

During Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal
to the Maximum Annual Withdrawal. These payments will continue until the ING Joint LifePay Plus Base is
reduced to zero, at which time the rider will terminate without value.

If when the ING Joint LifePay Plus rider enters Automatic Periodic Benefit Status your net withdrawals to date
are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference
immediately. The periodic payments will begin on the last day of the first full Contract year following the date
the rider enters Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

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You may elect to receive systematic payments pursuant to the terms of the Contract. Under a systematic
withdrawal, either a fixed amount or an amount based upon a percentage of contract value will be withdrawn
from your Contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time
the rider enters Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the Contract
more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such
that the sum of the payments in each Contract year will equal the annual Maximum Annual Withdrawal. Such
payments will be made on the same payment dates as previously set up, if the payments were being made
monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made
at the end of the half-Contract year or Contract year, as applicable.

Lifetime Automatic Periodic Benefit Status. If the contract value is reduced to zero by a withdrawal in
excess of the Maximum Annual Withdrawal, the contract and the ING Joint LifePay Plus rider will terminate
without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,”
above.

If the contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the ING Joint LifePay Plus rider is in Lifetime Guaranteed Withdrawal Status, the ING Joint
LifePay Plus rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make
withdrawals. Instead, under the ING Joint LifePay Plus rider you will begin to receive periodic payments in an
annual amount equal to the Maximum Annual Withdrawal.

When the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status:

1)  the contract will provide no further benefits (including death benefits) other than as provided under the 
  ING Joint LifePay Plus rider; 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the contract will terminate, unless otherwise specified in that rider. 

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount
that is equal to the Maximum Annual Withdrawal. The time period for which we will make these payments will
depend upon whether one or two spouses are active under the ING Joint LifePay Plus rider at the time this
status begins. If both spouses are active under the ING Joint LifePay Plus rider, these payments will cease upon
the death of the second spouse, at which time both the ING Joint LifePay Plus rider and the contract will
terminate without further value. If only one spouse is active under the ING Joint LifePay Plus rider, the
payments will cease upon the death of the active spouse, at which time both the ING Joint LifePay Plus rider
and the contract will terminate without value.

If when the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status your net
withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you
the difference immediately. The periodic payments will begin on the last day of the first full contract year
following the date the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid
annually thereafter.

You may elect to receive systematic payments pursuant to the terms of the contract. Under a systematic
withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be
withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at
the time the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status, you are receiving
systematic withdrawals under the contract more frequently than annually, the periodic payments will be made at
the same frequency in equal amounts such that the sum of the payments in each contract year will equal the
annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously
set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually
or annually, the payments will be made at the end of the half-contract year or contract year, as applicable.

ING Joint LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the

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Maximum Annual Withdrawal has been determined, on each contract anniversary we will increase (or “reset”)
the ING Joint LifePay Plus Base to the current Contract value (excluding any premium credits applied during
the 36 months preceding the calculation), if the Contract value is higher. The Maximum Annual Withdrawal
will also be recalculated, and the remaining portion of the new Maximum Annual Withdrawal will be available
for withdrawal immediately. This reset ONLY occurs when the rider is in Lifetime Guaranteed Withdrawal
Status, and is automatic.

If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base and Maximum Annual
Withdrawal is reset on each quarterly contract anniversary.

We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior notice,
of not less than 30 days, which explains the change, its impact to you and your options. You may decline this
change (and the reset). Please note, however, that by declining a reset, your ING Joint LifePay Plus Base will
not thereafter be reset, and the Maximum Annual Withdrawal will also not be recalculated; no further resets
will be available.

Investment Option Restrictions. While this rider is in effect, there
are limits on the portfolios to which your contract value may be allocated. Contract value allocated to portfolios
other than Accepted Funds will be rebalanced so as to maintain at least a specified percentage of such contract value
in the Fixed Allocation Funds, which percentage depends on the rider’s purchase date:

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Rider Purchase Date  Fixed Allocation Fund Percentage 
On or After February 2,  30% 
2009   
Before February 2, 2009  20% 

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See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these investment option restrictions to
lessen the likelihood we would have to make payments under this rider. We require this allocation regardless of
your investment instructions to the Contract. The rider will not be issued until your Contract value is allocated in
accordance with these investment option restrictions. The timing of when and how we apply these restrictions is
discussed further below.

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Accepted Funds. Currently, the Accepted Funds are:   
 
 BlackRock Global Allocation V.I. Fund  ING Retirement Conservative Portfolio 
 ING American Funds Asset Allocation Portfolio  ING Retirement Growth Portfolio 
 ING American Funds World Allocation Portfolio  ING Retirement Moderate Growth Portfolio 
 ING Morgan Stanley Global Tactical Asset  ING Retirement Moderate Portfolio 
 Allocation Portfolio   
 ING Liquid Assets Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
 ING MFS Total Return Portfolio  ING Van Kampen Equity and Income Portfolio 
 ING Oppenheimer Active Allocation Portfolio  Fixed Interest Allocation 

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         If this rider was purchased before February 2, 2009, the following are additional Accepted Funds: 
 
           ING Franklin Templeton Founding Strategy Portfolio   
           ING WisdomTreeSM Global High-Yielding Equity Index Portfolio 
 
         No rebalancing is necessary when Contract value is allocated entirely to Accepted Funds. We may change 
these designations at any time upon 30 days notice to you. If a change is made, the change will apply to 
Contract value allocated to such portfolios after the date of the change. 
 
         Fixed Allocation Funds. Currently, the Fixed Allocation Funds are: 
 
           ING American Funds Bond Portfolio  ING PIMCO Total Return Bond Portfolio 
           ING BlackRock Inflation Protected Bond Portfolio  ING U.S. Bond Index Portfolio 
           ING Intermediate Bond Portfolio   

  You may allocate contract value to one or more of the Fixed Allocation Funds. We consider the ING
Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic
Rebalancing.

Other Funds. All portfolios available under the contract other than Accepted Funds or the Fixed
Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is
less than the specified percentage of the total contract value allocated to both the Fixed Allocation Funds and
Other Funds on any ING Joint LifePay Plus Rebalancing Date, we will automatically rebalance the contract
value allocated to the Fixed Allocation Funds and Other Funds so that the specified percentage of this amount is
allocated to the Fixed Allocation Funds. The specified percentage depends on the rider’s purchase date.
Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done
on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction
processed on that date. The ING Joint LifePay Plus Rebalancing Dates occur on each contract anniversary and
after the following transactions:

1)  receipt of additional premiums; 
2)  transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or 
  specifically directed by you; and 
3)  withdrawals from the Fixed Allocation Funds or Other Funds. 

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the
contract. However, if the other automatic rebalancing under the contract causes the allocations to be out of
compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic
Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See
“Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed
Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation
statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the
Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples
of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING Joint
LifePay Plus rider, you are providing the Company with direction and authorization to process these
transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING
Joint LifePay Plus rider if you do not wish to have your contract value reallocated in this manner.

Divorce. Generally, in the event of a divorce, the spouse who retains ownership of the contract will continue to
be entitled to all rights and benefits of the ING Joint LifePay Plus rider, while the ex-spouse will no longer have any

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such rights or be entitled to any such benefits. In the event of a divorce during Lifetime Guaranteed Withdrawal
Status, the ING Joint LifePay Plus rider continues, and terminates upon the death of the owner (first owner in the
case of joint owners, or the annuitant in the case of a custodial IRA). Although spousal continuation may be
available under the Tax Code for a subsequent spouse, the ING Joint LifePay Plus rider cannot be continued by the
new spouse. As the result of the divorce, we may be required to withdraw assets for the benefit of an ex-spouse.
Any such withdrawal will be considered a withdrawal for purposes of the Maximum Annual Withdrawal amount. In
other words, if a withdrawal incident to a divorce exceeds the Maximum Annual Withdrawal amount, it will be
considered an excess withdrawal. See “Determination of the Maximum Annual Withdrawal,” above. As noted, in
the event of a divorce there is no change to the Maximum Annual Withdrawal and we will continue to deduct
charges for the ING Joint LifePay Plus rider.

In the event of a divorce during Lifetime Automatic Periodic Benefit Status, there will be no change to the periodic
payments made. Payments will continue until both spouses are deceased.

Death of Owner. The death of the owner (or in the case of joint owners, the first owner, or for custodial IRAs,
the annuitant) may cause the termination of the ING Joint LifePay Plus rider and its charges, depending upon
whether one or both spouses are in active status at the time of death, as described below.

1)  If both spouses are in active status: If the surviving spouse elects to continue the contract and 
  becomes the sole owner and annuitant, the ING Joint LifePay Plus rider will remain in effect pursuant 
  to its original terms and ING Joint LifePay Plus coverage and charges will continue. As of the date the 
  contract is continued, the ING Joint LifePay Plus Base will be reset to the current Contract value, if 
  greater, and the Maximum Annual Withdrawal will be recalculated as the Maximum Annual 
  Withdrawal percentage multiplied by the new ING Joint LifePay Plus Base on the date the contract is 
  continued. However, under no circumstances will this recalculation result in a reduction to the 
  Maximum Annual Withdrawal. 
 
  If the surviving spouse elects not to continue the contract, ING Joint LifePay Plus rider coverage and 
  charges will cease upon the earlier of payment of the death benefit or notice that an alternative 
  distribution option has been chosen. 
 
2)  If the surviving spouse is in inactive status: The ING Joint LifePay Plus rider terminates and ING 
  Joint LifePay Plus coverage and charges cease upon the date of death of the last Active Spouse. 

Change of Owner or Annuitant. Other than as a result of spousal continuation, you may not change the
annuitant. The ING Joint LifePay Plus rider and rider charges will terminate upon change of owner, including
adding an additional owner, except for the following ownership changes:

1)  spousal continuation by an active spouse, as described above; 
2)  change of owner from one custodian to another custodian for the benefit of the same individual; 
3)  change of owner from a custodian for the benefit of an individual to the same individual (in order to 
  avoid the owner’s spouse from being designated inactive, the owner’s spouse must be named sole 
  beneficiary under the contract); 
4)  change of owner from an individual to a custodian for the benefit of the same individual; 
5)  collateral assignments; 
6)  for nonqualified contracts only, the addition of a joint owner, provided that the additional joint owner 
  is the original owner’s spouse and is active when added as joint owner; 
7)  for nonqualified contracts, removal of a joint owner, provided the removed joint owner is active and 
  becomes the primary contract beneficiary; and 

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8) change of owner where the owner becomes the sole primary beneficiary and the sole primary
beneficiary becomes the owner if both were active spouses at the time of the change.

Surrender Charges. If you elect the ING Joint LifePay Plus rider, the amount of your withdrawals will be
subject to surrender charges if they exceed the free withdrawal amount, so long as there is contract value from which
to take your withdrawals. However, once your contract value is zero, any periodic payments under the ING Joint
LifePay Plus rider would not be subject to surrender charges. Moreover, with no contract value, none of your
contract level recurring charges (e.g., the Mortality and Expense Risk Charge) would be deducted. See Appendix F
for examples.

Loans. No loans are permitted on Contracts with the ING Joint LifePay Plus rider.

Federal Tax Considerations. For more information about the tax treatment of amounts paid to you under the
ING Joint LifePay Plus rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death
Benefit

WITHDRAWALS 

Any time during the accumulation phase and before the death of the contract owner, except under certain qualified
contracts, you may withdraw all or part of your money. Keep in mind that if you request a withdrawal for more than
90% of the cash surrender value, and the remaining cash surrender value after the withdrawal is less than $2,500, we
will treat it as a request to surrender the Contract. If any single withdrawal or the sum of withdrawals exceeds the
Free Withdrawal Amount, you may incur a surrender charge. There is no surrender charge if, during each contract
year, the amount withdrawn is 10% or less of your contract value on the date of the withdrawal, less prior
withdrawals during that contract year. Under Option Package III, any unused percentage of the 10% Free
Withdrawal Amount from a contract year will carry forward into successive contract years, based on the percentage
remaining at the time of the last withdrawal in that contract year. In no event will the Free Withdrawal Amount at
any time exceed 30% of contract value. Please see Appendix D, Surrender Charge for Excess Withdrawals
Example.

You need to submit to us a written request specifying the Fixed Interest Allocations or subaccounts from which
amounts are to be withdrawn, otherwise the withdrawal will be made on a pro-rata basis from all of the subaccounts
in which you are invested. If there is not enough contract value in the subaccounts, we will deduct the balance of
the withdrawal from your Fixed Interest Allocations starting with the guaranteed interest periods nearest their
maturity dates until we have honored your request. We will determine the contract value as of the close of business
on the day we receive your withdrawal request at our Customer Service Center. The contract value may be more or
less than the premium payments made.

Your withdrawals under the ING LifePay Plus or ING Joint LifePay Plus riders will be subject to surrender charges
if they exceed the free withdrawal amount. However, once your contract value is zero, the periodic payments to
which you may be entitled under these optional riders will not be subject to surrender charges.

If any limitation on allocations to the Restricted Funds has been exceeded, subsequent withdrawals must be taken so
that the percentage of contract value in the Restricted Funds following the withdrawal would not be greater than the
percentage of contract value in the Restricted Funds prior to the withdrawal. So, in this event, you would either
need to take your withdrawal from the Restricted Funds or pro-rata from all variable subaccounts.

Please be aware that the benefit we pay under certain optional benefit riders may be reduced by any withdrawals you
take while the optional rider is in effect. Withdrawals may be subject to taxation and tax penalties. Other than the
surrender charge, there is no separate charge for electing any of the withdrawal options.

We offer the following three withdrawal options:

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Regular Withdrawals
After the free look period, you may make regular withdrawals. Each withdrawal must be a minimum of $100.

Systematic Withdrawals
You may choose to receive automatic systematic withdrawal payments (1) from the contract value in the
subaccounts in which you are invested, or (2) from the interest earned in your Fixed Interest Allocations. Systematic
withdrawals may be taken monthly, quarterly or annually. If you have contract value allocated to one or more
Restricted Funds, and you elect to receive systematic withdrawals from the subaccounts in which you are invested,
the systematic withdrawals must be taken pro-rata from all subaccounts in which contract value is invested. If you
do not have contract value allocated to a Restricted Fund and choose systematic withdrawals on a non pro-rata basis,
we will monitor the withdrawals annually. If you subsequently allocate contract value to one or more Restricted
Funds, we will require you to take your systematic withdrawals on a pro-rata basis from all subaccounts in which
contract value is invested. There is no additional charge for this feature.

You decide the date on which you would like your systematic withdrawals to start. This date must be at least 30
days after the Contract Date and no later than the 28th day of the month. Subject to these rules, if you have not
indicated the date, your systematic withdrawals will occur on the next business day after your Contract Date (or the
monthly or quarterly anniversary thereof) for your desired frequency.

Each systematic withdrawal amount must be a minimum of $100. The amount of your systematic withdrawal can
either be (1) a fixed dollar amount, or (2) an amount based on a percentage of the contract value. Both forms of
systematic withdrawals are subject to the following maximum, which is calculated on each withdrawal date:

  Maximum Percentage 
Frequency  of Contract Value 
Monthly  0.83% 
Quarterly  2.50% 
Annually  10.00% 

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A fixed dollar systematic withdrawal of less than $100 on any withdrawal date will terminate your systematic
withdrawal. If the amount to be withdrawn would exceed the applicable maximum percentage of your contract
value on any withdrawal date, we will automatically reduce the amount withdrawn so that it equals such percentage.
Thus, your fixed dollar systematic withdrawals will never exceed the maximum percentage. If you want fixed dollar
systematic withdrawals to exceed the maximum percentage and are willing to incur associated surrender charges,
consider the Fixed Dollar Systematic Withdrawal Feature which you may add to your regular systematic withdrawal
program.

If your systematic withdrawal is based on a percentage of contract value and the amount to be withdrawn based on
that percentage would be less than $100, we will contact you and seek alternative instructions.
Unless you provide alternative
instructions, if the systematic withdrawal would exceed the maximum percentage, we will send the amount, and
then automatically cancel your systematic withdrawal option.

Systematic withdrawals from Fixed Interest Allocations are limited to interest earnings during the prior month,
quarter, or year, depending on the frequency you chose. A Fixed Interest Allocation may not participate in both the
systematic withdrawal option and the dollar cost averaging program at the same time.

You may change the amount or percentage of your systematic withdrawal once each contract year or cancel this
option at any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next
scheduled withdrawal date. If you submit a subsequent premium payment after you have applied for systematic
withdrawals, we will not adjust future withdrawals under the systematic withdrawal program unless you specifically
request that we do so.

The systematic withdrawal option may commence in a contract year where a regular withdrawal has been taken but
you may not change the amount or percentage of your withdrawals in any contract year during which you have
previously taken a regular withdrawal. You may not elect the systematic withdrawal option if you are taking IRA
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Subject to availability, a spousal or non-spousal beneficiary may elect to receive death benefits as payments over the
beneficiary’s lifetime (“stretch”). “Stretch” payments will be subject to the same limitations as systematic
withdrawals, and non-qualified “stretch” payments will be reported on the same basis as other systematic
withdrawals.

Fixed Dollar Systematic Withdrawal Feature. You may add the Fixed Dollar Systematic Withdrawal Feature to
your regular fixed dollar systematic withdrawal program. This feature allows you to receive a systematic
withdrawal in a fixed dollar amount in addition to your systematic withdrawal program regardless of any surrender
charges. Systematic withdrawals from Fixed Interest Allocations under the Fixed Dollar Systematic Withdrawal
Feature are available only in connection with Section 72(q) or 72(t) distributions. You choose the amount of the
fixed systematic withdrawals, which may total up to an annual maximum of 10% of your contract value as
determined on the day we receive your election of this feature. The maximum limit will not be recalculated when
you make additional premium payments, unless you instruct us to do so. We will assess a surrender charge on the
withdrawal date if the withdrawal exceeds the maximum limit as calculated on the withdrawal date. We will apply
the surrender charge directly to your contract value (rather than to the systematic withdrawal) so that the amount of
each systematic withdrawal remains fixed.

Fixed dollar systematic withdrawals which are intended to satisfy the requirements of Section 72(q) or 72(t) of the
Tax Code may exceed the maximum. Such withdrawals are subject to surrender charges when they exceed the
applicable maximum percentage.

IRA Withdrawals
If you have a non-Roth IRA Contract and will be at least age 70½ during the current calendar year, you may elect to
have distributions made to you to satisfy requirements imposed by federal tax law. IRA withdrawals provide payout
of amounts required to be distributed by the Internal Revenue Service (“IRS”) rules governing mandatory
distributions under qualified plans. We will send you a notice before your distributions commence. You may elect
to take IRA withdrawals at that time, or at a later date. You may not elect IRA withdrawals and participate in
systematic withdrawals at the same time. If you do not elect to take IRA withdrawals, and distributions are required
by federal tax law, distributions adequate to satisfy the requirements imposed by federal tax law may be made.
Thus, if you are participating in systematic withdrawals, distributions under that option must be adequate to satisfy
the mandatory distribution rules imposed by federal tax law.

You choose the frequency of your IRA withdrawals (monthly, quarterly or annually) and the start date. This date
must be at least 30 days after he Contract Date and no later than the 28th day of the month. Subject to these rules, if
you have not indicated the date, your IRA withdrawals will occur on the next business day after your Contract Date
for your desired frequency.

You may request that we calculate for you the amount that is required to be withdrawn from your Contract each year
based on the information you give us and various choices you make. For information regarding the calculation and
choices you have to make, see the SAI. Or, we will accept your written instructions regarding the calculated amount
required to be withdrawn from your Contract each year. The minimum dollar amount you can withdraw is $100.
When we determine the required IRA withdrawal amount for a taxable year based on the frequency you select, if
that amount is less than $100, we will pay $100. At any time where the IRA withdrawal amount is greater than the
contract value, we will cancel the Contract and send you the amount of the cash surrender value.

You may change the payment frequency of your IRA withdrawals once each contract year or cancel this option at
any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next scheduled
withdrawal date.

Consult your tax adviser regarding the tax consequences associated with taking withdrawals. You are
responsible for determining that withdrawals comply with applicable law. A withdrawal made before the taxpayer
reaches age 59½ may result in a 10% penalty tax. See “Federal Tax Considerations” for more details.

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TRANSFERS AMONG YOUR INVESTMENTS (EXCESSIVE TRADING POLICY) 

You may transfer your contract value among the subaccounts in which you are invested and your Fixed Interest
Allocations at the end of the free look period until the income phase payment start date. Please note that if you elect
one of the living benefit riders, you may not allocate contract value to the Fixed Interest Allocations. Transfers to a
GET Fund series may only be made during the offering period for that GET Fund series. We currently do not
charge you for transfers made during a contract year, but reserve the right to charge $25 for each transfer after the
twelfth transfer in a contract year. We also reserve the right to limit the number of transfers you may make and
may otherwise modify or terminate transfer privileges if required by our business judgment or in accordance
with applicable law.

If you allocate contract value to an investment option that has been designated as a Restricted Fund, your ability to
transfer contract value to the Restricted Fund may be limited. A transfer to the Restricted Funds will not be
permitted to the extent that it would increase the contract value in the Restricted Fund to more than the applicable
limits following the transfer. We do not limit transfers from Restricted Funds. If the result of multiple reallocations
is to lower the percentage of total contract value in the Restricted Fund, the reallocation will be permitted even if the
percentage of contract value in the Restricted Fund is greater than the limit.

Transfers will be based on values at the end of the business day in which the transfer request is received at our
Customer Service Center.

The minimum amount that you may transfer is $100 or, if less, your entire contract value held in a subaccount or a
Fixed Interest Allocation.

To make a transfer, you must notify our Customer Service Center and all other administrative requirements must be
met. Any transfer request received after 4:00 p.m. Eastern Time or the close of regular trading on the New York
Stock Exchange will be effected on the next business day. Separate Account NY-B and the Company will not be
liable for following instructions communicated by telephone or other approved electronic means that we reasonably
believe to be genuine. We may require personal identifying information to process a request for transfer made over
the telephone, over the internet or other approved electronic means. Please be advised that the risk of a fraudulent
transaction is increased with telephonic or electronic instructions, even if appropriate identifying information is
provided.

Limits on Frequent or Disruptive Transfers.

The contract is not designed to serve as a vehicle for frequent transfers. Frequent transfer activity can disrupt
management of a fund and raise its expenses through:

·  Increased trading and transaction costs; 
·  Forced and unplanned portfolio turnover; 
·  Lost opportunity costs; and 
·  Large asset swings that decrease the fund's ability to provide maximum investment return to all contract 
  owners. 

This in turn can have an adverse effect on fund performance. Accordingly, individuals or organizations that use
market-timing investment strategies or make frequent transfers should not purchase the Contract.

Excessive Trading Policy. We and the other members of the ING family of companies that provide multi-fund
variable insurance and retirement products, have adopted a common Excessive Trading Policy to respond to the
demands of the various fund families that make their funds available through our products to restrict excessive fund
trading activity and to ensure compliance with Rule 22c-2 of the 1940 Act.

We actively monitor fund transfer and reallocation activity within our variable insurance products to identify
violations of our Excessive Trading Policy. Our Excessive Trading Policy is violated if fund transfer and
reallocation activity:

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         ·  Meets or exceeds our current definition of Excessive Trading, as defined below; or 
         ·  Is determined, in our sole discretion, to be disruptive or not in the best interests of other owners of our 
  variable insurance and retirement products. 
 
We currently define Excessive Trading as: 
 
         ·  More than one purchase and sale of the same fund (including money market funds) within a 60 calendar 
  day period (hereinafter, a purchase and sale of the same fund is referred to as a “round-trip”). This means 
  two or more round-trips involving the same fund within a 60 calendar day period would meet our definition 
  of Excessive Trading; or 
         ·  Six round-trips involving the same fund within a twelve month period. 
 
The following transactions are excluded when determining whether trading activity is excessive: 
 
         ·  Purchases or sales of shares related to non-fund transfers (for example, new purchase payments, 
  withdrawals and loans); 
         ·  Transfers associated with scheduled dollar cost averaging, scheduled rebalancing or scheduled asset 
  allocation programs; 
         ·  Purchases and sales of fund shares in the amount of $5,000 or less; 
         ·  Purchases and sales of funds that affirmatively permit short-term trading in their fund shares, and 
  movement between such funds and a money market fund; and 
         ·  Transactions initiated by us, another member of the ING family of insurance companies or a fund. 
 
If we determine that an individual or entity has made a purchase of a fund within 60 days of a prior round-trip 
involving the same fund, we will send them a letter (once per year) warning that another sale of that same fund 
within 60 days of the beginning of the prior round-trip will be deemed to be Excessive Trading and result in a six 
month suspension of their ability to initiate fund transfers or reallocations through the Internet, facsimile, Voice 
Response Unit (VRU), telephone calls to the ING Customer Service Center, or other electronic trading medium that 
we may make available from time to time (“Electronic Trading Privileges”). Likewise, if we determine that an 
individual or entity has made five round-trips involving the same fund within a rolling twelve month period, we will 
send them a letter warning that another purchase and sale of that same fund within twelve months of the initial 
purchase in the first round-trip in the prior twelve month period will be deemed to be Excessive Trading and result 
in a suspension of their Electronic Trading Privileges. According to the needs of the various business units, a copy 
of the warning letters may also be sent, as applicable, to the person(s) or entity authorized to initiate fund transfers 
or reallocations, the agent/registered representative or investment adviser for that individual or entity. A copy of the 
warning letters and details of the individual’s or entity’s trading activity may also be sent to the fund whose shares 
were involved in the trading activity. 
 
If we determine that an individual or entity has violated our Excessive Trading Policy, we will send them a letter 
stating that their Electronic Trading Privileges have been suspended for a period of six months. Consequently, all 
fund transfers or reallocations, not just those which involve the fund whose shares were involved in the activity that 
violated our Excessive Trading Policy, will then have to be initiated by providing written instructions to us via 
regular U.S. mail. Suspension of Electronic Trading Privileges may also extend to products other than the product 
through which the Excessive Trading activity occurred. During the six month suspension period, electronic “inquiry 
only” privileges will be permitted where and when possible. A copy of the letter restricting future transfer and 
reallocation activity to regular U.S. mail and details of the individual’s or entity’s trading activity may also be sent, 
as applicable, to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered 
representative or investment adviser for that individual or entity and the fund whose shares were involved in the 
activity that violated our Excessive Trading Policy. 
 
Following the six month suspension period during which no additional violations of our Excessive Trading Policy 
are identified, Electronic Trading Privileges may again be restored. We will continue to monitor the fund transfer 
and reallocation activity, and any future violations of our Excessive Trading Policy will result in an indefinite 
suspension of Electronic Trading Privileges. A violation of our Excessive Trading Policy during the six month 

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suspension period will also result in an indefinite suspension of Electronic Trading Privileges.

We reserve the right to suspend Electronic Trading Privileges with respect to any individual or entity, with or
without prior notice, if we determine, in our sole discretion, that the individual’s or entity’s trading activity is
disruptive or not in the best interests of other owners of our variable insurance products, regardless of whether the
individual’s or entity’s trading activity falls within the definition of Excessive Trading set forth above.

Our failure to send or an individual’s or entity’s failure to receive any warning letter or other notice contemplated
under our Excessive Trading Policy will not prevent us from suspending that individual’s or entity’s Electronic
Trading Privileges or taking any other action provided for in our Excessive Trading Policy.

We do not allow exceptions to our Excessive Trading Policy. We reserve the right to modify our Excessive Trading
Policy, or the policy as it relates to a particular fund, at any time without prior notice, depending on, among other
factors, the needs of the underlying fund(s), the best interests of contract owners and fund investors and/or state or
federal regulatory requirements. If we modify our policy, it will be applied uniformly to all contract owners or, as
applicable, to all contract owners investing in the underlying fund.

Our Excessive Trading Policy may not be completely successful in preventing market timing or excessive trading
activity. If it is not completely successful, fund performance and management may be adversely affected, as noted
above.

Limits Imposed by the Funds. Each underlying fund available through the variable insurance and retirement
products offered by us and/or the other members of the ING family of insurance companies, either by prospectus or
stated contract, has adopted or may adopt its own excessive/frequent trading policy, and orders for the purchase of
fund shares are subject to acceptance or rejection by the underlying fund. We reserve the right, without prior notice,
to implement fund purchase restrictions and/or limitations on an individual or entity that the fund has identified as
violating its excessive/frequent trading policy and to reject any allocation or transfer request to a subaccount if the
corresponding fund will not accept the allocation or transfer for any reason. All such restrictions and/or limitations
(which may include, but are not limited to, suspension of Electronic Trading Privileges and/or blocking of future
purchases of a fund or all funds within a fund family) will be done in accordance with the directions we receive from
the fund.

Agreements to Share Information with Fund Companies. As required by Rule 22c-2 under the 1940 Act, we
have entered into information sharing agreements with each of the fund companies whose funds are offered through
the contract. Contract owner trading information is shared under these agreements as necessary for the fund
companies to monitor fund trading and our implementation of our Excessive Trading Policy. Under these
agreements, the company is required to share information regarding contract owner transactions, including but not
limited to information regarding fund transfers initiated by you. In addition to information about contract owner
transactions, this information may include personal contract owner information, including names and social security
numbers or other tax identification numbers.

As a result of this information sharing, a fund company may direct us to restrict a contract owner’s transactions if
the fund determines that the contract owner has violated the fund’s excessive/frequent trading policy. This could
include the fund directing us to reject any allocations of premium or contract value to the fund or all funds within the
fund family.

Dollar Cost Averaging
You may elect to participate in our dollar cost averaging (DCA) program through either the ING Liquid Assets
Portfolio or a Fixed Interest Allocation, subject to availability, starting 30 days after the Contract Date. These
investment options serve as the source accounts from which we will, on a monthly basis, automatically transfer a set
dollar amount of money to the subaccounts you specify. There is no additional charge for dollar cost averaging.
Dollar cost averaging is not available with automatic rebalancing and may be subject to limited availability with
systematic withdrawals.

We also may offer DCA Fixed Interest Allocations for durations of 6 months and 1 year, subject to availability,
exclusively for use with the dollar cost averaging program. Transfers made pursuant to a dollar cost averaging

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program do not count toward the 12-transfer limit on free transfers. There is no additional charge for the dollar cost
averaging program.

The dollar cost averaging program is designed to lessen the impact of market fluctuation on your investment. Since
we transfer the same dollar amount to other subaccounts each month, more units of a subaccount are purchased if
the value of its unit is low and fewer units are purchased if the value of its unit is high. Therefore, a lower than
average value per unit may be achieved over the long term. However, we cannot guarantee this. When you elect the
dollar cost averaging program, you are continuously investing in securities regardless of fluctuating price levels.
You should consider your tolerance for investing through periods of fluctuating price levels.

Dollar cost averaging requires a minimum monthly transfer amount of $100. We will transfer all your money
allocated to that source account into the subaccount(s) you specify in equal payments over the relevant duration.
The last payment will include earnings accrued over the duration. If you make an additional premium payment into
a Fixed Interest Allocation subject to dollar cost averaging, the amount of your transfers under the dollar cost
averaging program remains the same, unless you instruct us to increase the transfer amount.

If you do not specify the subaccounts to which the dollar amount of the source account is to be transferred, we will
transfer the money to the subaccounts in which you are invested on a proportional basis, subject to any fund
purchase restrictions. The transfer date is the same day each month as your contract date. If, on any transfer date,
your contract value in a source account is equal to or less than the amount you have elected to have transferred, the
entire amount will be transferred and the program will end. You may terminate the dollar cost averaging program at
any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next transfer date.
A Fixed Interest Allocation or DCA Fixed Interest Allocation may not participate in the dollar cost averaging
program and in systematic withdrawals at the same time.

You are permitted to transfer contract value to a Restricted Fund, subject to the limitations described above in this
section and in “Trust and Funds – Restricted Funds.” Compliance with the individual and aggregate Restricted Fund
limits will be reviewed when the dollar cost averaging program is established. Transfers under the dollar cost
averaging program must be within those limits. We will not review again your dollar cost averaging election for
compliance with the individual and aggregate limits for investment in the Restricted Funds except in the case of the
transactions described below.

·  Amount added to source account: If you add amounts to the source account which would increase the 
  amount to be transferred under the dollar cost averaging program, we will review the amounts to be 
  transferred to ensure that the individual and aggregate limits are not being exceeded. If such limits would 
  be exceeded, we will require that the dollar cost averaging transfer amounts be changed to ensure that the 
  transfers are within the limits based on the then current allocation of contract value to the Restricted 
  Fund(s) and the then current value of the amount designated to be transferred to that Restricted Fund(s). 
 
·  Additional premium paid: Up to the individual Restricted Fund percentage limit may be allocated to a 
  Restricted Fund. If more than the individual limit has been requested to be allocated to a Restricted Fund, 
  we will look at the aggregate limit, subtract the current allocation to Restricted Funds, and subtract the 
  current value of amounts to be transferred under the dollar cost averaging program to Restricted Funds. 
  The excess, if any, is the maximum that may be allocated pro-rata to Restricted Funds. 
 
·  Reallocation request is made while the dollar cost averaging program is active: If the reallocation would 
  increase the amount allocated to Restricted Funds, the maximum that may be so allocated is the individual 
  Restricted Fund percentage limit, less the current allocation to Restricted Funds and less the current value 
  of any remaining amounts to be transferred under the dollar cost averaging program to the Restricted 
  Funds. 

The GET Fund may not be included in a dollar cost averaging program. We may in the future offer additional
subaccounts or withdraw any subaccount or Fixed Interest Allocation to or from the dollar cost averaging program,
stop offering DCA Fixed Interest Allocations or otherwise modify, suspend or terminate this program. Of course,
such change will not affect any dollar cost averaging programs in operation at the time. Transfers made pursuant to
a dollar cost averaging program do not count toward the 12-transfer limit on free transfers.

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Automatic Rebalancing
If you have at least $10,000 of contract value invested in the subaccounts of Separate Account NY-B, you may elect
to have your investments in the subaccounts automatically rebalanced. You are permitted to reallocate between
Restricted and non-Restricted Funds, subject to the limitations described above in this section and in “Trust and
Funds – Restricted Funds.” If the reallocation would increase the amount allocated to the Restricted Funds, the
maximum that may be so allocated is the individual Restricted Fund percentage limit, less the current allocation to
all Restricted Funds. Automatic rebalancing is subject to any fund purchase restrictions; however, transfers made
pursuant to automatic rebalancing do not count toward the 12-transfer limit on free transfers. Amounts allocated to
the GET Fund will not be affected by automatic rebalancing. There is no additional charge for this feature.

We will transfer funds under your Contract on a quarterly, semi-annual, or annual calendar basis among the
subaccounts to maintain the investment blend of your selected subaccounts. The minimum size of any allocation
must be in full percentage points. Rebalancing does not affect any amounts that you have allocated to the Fixed
Interest Division. The program may be used in conjunction with the systematic withdrawal option only if
withdrawals are taken pro-rata. Automatic rebalancing is not available if you participate in dollar cost averaging.
Automatic rebalancing will not take place during the free look period.

To participate in automatic rebalancing, send satisfactory notice to our Customer Service Center. We will begin the
program on the last business day of the period in which we receive the notice. You may cancel the program at any
time. The program will automatically terminate if you choose to reallocate your contract value among the
subaccounts or if you make an additional premium payment or partial withdrawal on other than a pro-rata basis.
Additional premium payments and partial withdrawals effected on a pro-rata basis will not cause the automatic
rebalancing program to terminate.

DEATH BENEFIT CHOICES 

Death Benefit During the Accumulation Phase
During the accumulation phase, a death benefit is payable when either the contract owner or the first of joint owners
(under Option Package I only) or the annuitant (when a contract owner is not an individual) dies. Assuming you are
the contract owner, your beneficiary will receive a death benefit unless the beneficiary is your surviving spouse and
elects to continue the Contract. The death benefit paid depends on the option package you have chosen. The death
benefit value is calculated as of the claim date (the close of the business day on which we receive written notice and
due proof of death, as well as any required paperwork, at our Customer Service Center). If your beneficiary elects to
delay receipt of the death benefit until a date after the time of death, the amount of the benefit payable in the future
may be affected. The proceeds may be received in a single sum, applied to any of the income phase payment
options or, if available, paid over the beneficiary’s life expectancy. (See “Systematic Withdrawals” above.) A
beneficiary’s right to elect an income phase payment option or receive a lump sum payment may have been
restricted by a contract owner. If so, such rights or options will not be available to the beneficiary.

If we do not receive a request to apply the death benefit proceeds to an income phase payment option, we will make
a single sum distribution. Unless you elect otherwise, the distribution will be made into an interest bearing account,
backed by our general account, that is accessed by the beneficiary through a checkbook feature. The beneficiary
may access death benefit proceeds at any time without penalty. Interest earned on this account may be less than
interest paid on other settlement options and the Company seeks to make a profit on these accounts. We will
generally pay death benefit proceeds within 7 days after our Customer Service Center has received sufficient
information to make the payment. For information on required distributions under federal income tax laws, you
should see “Federal Tax Considerations – Required Distributions upon Death.”

You may select one of the option packages described below which will determine the death benefit payable. Option
Packages II and III are not available where the Contract is held by joint owners. A change in ownership of the
Contract may affect the amount of the death benefit payable.

The death benefit may be subject to certain mandatory distribution rules required by federal tax law.

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The death benefit depends upon the option package in effect on the date the contract owner dies.

The differences are summarized as follows:         
 
  Option Package I  Option Package II  Option Package III 
       Death Benefit  The greatest of:  The greatest of:  The greatest of: 
       on Death of the  (1)  the Standard Death  (1)  the Standard Death  (1)  the Standard Death 
       Owner:    Benefit*;    Benefit*;    Benefit*; 
  (2)  the contract value*; or  (2)  the contract value*;  (2)  the contract value*; 
  (3)  return of premium.  (3)  return of premium; or  (3)  return of premium; or 
      (4)  the Annual Ratchet  (4)  the Annual Ratchet 
        death benefit*.    death benefit*. 
 
               * less any premium credits added after or within 12 months prior to death.     

Return of premium equals premiums paid, excluding any premium credits, reduced pro-rata for withdrawals.

The Standard Death Benefit equals total premium payments plus premium credits reduced pro-rata for
withdrawals.

The Annual Ratchet Enhanced Death Benefit equals the maximum contract value on each contract anniversary
occurring on or prior to attainment of age 90, adjusted for new premiums and premium credits and reduced pro-rata
for withdrawals. On the contract date, the Annual Ratchet Enhanced Death Benefit equals the initial premium plus
any premium credit.

The pro-rata withdrawal adjustment to the guaranteed death benefit amount under Option Package I, II or III is equal
to (1) divided by (2), with the result multiplied by (3) where:

(1)  is the Contract Value withdrawn; 
(2)  is the Contract Value immediately prior to the withdrawal; and 
(3)  is the amount of the applicable death benefit immediately prior to the withdrawal. 

The reduction in the guaranteed death benefit may be greater than the amount withdrawn. Any premium credit
added after or within 12 months prior to the date of death is forfeited, and is not included in the Contract Value for
purposes of calculating the Standard Death Benefit or the Annual Ratchet Enhanced Death Benefit.

Transfers Between Option Packages. You may transfer from one option package to another on each contract
anniversary. A written request for such transfer must be received at our Customer Service Center within 60 days
prior to the contract anniversary. No transfers between option packages are permitted: 1) after you attain age 80; or
2) if the Contract is owned by joint owners. A change of owner may cause an option package transfer on other than a
contract anniversary. If you transfer from Option I to Option II or III, the Annual Ratchet Death Benefit will equal
the contract value on the effective date of the transfer.

  Transfers to Option  Transfers to Option 
    Package I  Packages II or III 
Minimum  Non-    Non-   
Contract  Qualified:             Qualified:  Qualified:  Qualified: 
Value  $15,000             $1,500  $5,000  $1,500 

Death Benefit During the Income Phase
If any contract owner or the annuitant dies during the income phase, we will pay the beneficiary any certain benefit
remaining under the income phase payment option in effect at the time.

Continuation after Death — Spouse
If at the contract owner’s death, the surviving spouse of the deceased contract owner is the beneficiary and such
surviving spouse elects to continue the contract as his or her own the following will apply:

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If the guaranteed death benefit as of the date we receive due proof of death, minus the contract value also on that
date, is greater than zero, we will add such difference to the contract value. We will allocate such addition to the
variable subaccounts in proportion to the contract value in the subaccounts, unless you direct otherwise. If there is
no contract value in any subaccount, the addition will be allocated to the ING Liquid Assets Portfolio, or its
successor. Such addition to contract value will not affect the guaranteed death benefit. If the guaranteed death
benefit is less than or equal to the contract value, the contract value will not change.

The death benefits under each of the available options will continue based on the surviving spouse’s age on the date
that ownership changes. If death occurs during the first contract year, the premium credit will not be forfeited upon
spousal continuation, and the premium credit option charge will continue for the remainder of the seven-year period.
The premium credit will be subject to recapture upon surrender of the Contract or partial withdrawal, in accordance
with the premium credit forfeiture schedule. Subsequent premium payments made by the continuing spouse during
the first contract year will be subject to the premium credit option charge and the premium credit forfeiture schedule.
See “The Annuity Contract – Additional Credit to Premium.”

If death occurs after the first contract year, the premium credit will not be forfeited upon spousal continuation, and
the premium credit option charge will continue for the remainder of the seven year period. The premium credit will
not be subject to forfeiture upon surrender of the Contract or partial withdrawals.

At subsequent surrender, any surrender charge applicable to premiums paid prior to the date we receive due proof of
death of the contract owner will be waived. Any premiums paid later will be subject to any applicable surrender
charge.

Any addition to contract value, as described above, is available only to the spouse of the owner as of the date of
death of the owner if such spouse under the provisions of the contract elects to continue the contract as his or her
own.

Continuation after Death — Non Spouse
If the beneficiary or surviving joint owner is not the spouse of the owner, the contract may continue in force subject
to the required distribution rules of the Internal Revenue Code (the “Tax Code”) apply. See next section, “Required
Distributions upon Contract Owner’s Death.”

If the guaranteed death benefit as of the date we receive due proof of death, minus the contract value also on that
date, is greater than zero, we will add such difference to the contract value. We will allocate such addition to the
variable subaccounts in proportion to the contract value in the subaccounts, unless you direct otherwise. If there is
no contract value in any subaccount, the addition will be allocated to the ING Liquid Assets Portfolio, or its
successor. Such addition to contract value will not affect the guaranteed death benefit. If the guaranteed death
benefit is less than or equal to the contract value, the contract value will not change.

If death occurs within 12 months of a premium credit being applied, the premium credit will be forfeited and not
included in the calculation of either the contract value, the Standard Death Benefit or the Annual Ratchet Enhanced
Death Benefit.

The death benefit terminates upon continuation. At subsequent surrender, any surrender charge applicable to
premium payments paid prior to the date we receive due proof of death of the contract owner will be waived. No
additional premium payments may be made.

Required Distributions Upon Contract Owner’s Death
We will not allow any payment of benefits provided under a non-qualified Contract which do not satisfy the
requirements of Section 72(s) of the Tax Code.

If any owner of a non-qualified contract dies before the income phase payment start date, the death benefit payable
to the beneficiary calculated as described under “Death Benefit Choices” in this prospectus, will be distributed as
follows: (a) the death benefit must be completely distributed within 5 years of the contract owner’s date of death; or
(b) the beneficiary may elect, within the 1-year period after the contract owner’s date of death, to receive the death

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benefit in the form of an annuity from us, provided that (i) such annuity is distributed in substantially equal
installments over the life of such beneficiary or over a period not extending beyond the life expectancy of such
beneficiary; and (ii) such distributions begin not later than 1 year after the contract owner’s date of death.

Notwithstanding (a) and (b) above, if the sole contract owner’s sole beneficiary is the deceased owner’s surviving
spouse, then such spouse may elect to continue the Contract under the same terms as before the contract owner’s
death. Upon receipt of such election from the spouse at our Customer Service Center: (1) all rights of the spouse as
contract owner’s beneficiary under the Contract in effect prior to such election will cease; (2) the spouse will
become the owner of the Contract and will also be treated as the contingent annuitant, if none has been named and
only if the deceased owner was the annuitant; and (3) all rights and privileges granted by the Contract or allowed by
ReliaStar of NY will belong to the spouse as contract owner of the Contract. This election will be deemed to have
been made by the spouse if such spouse makes a premium payment to the Contract or fails to make a timely election
as described in this paragraph. If the owner’s beneficiary is a nonspouse, the distribution provisions described in
subparagraphs (a) and (b) above, will apply even if the annuitant and/or contingent annuitant are alive at the time of
the contract owner’s death.

Subject to availability, and our then current rules, a spousal or non-spousal beneficiary may elect to receive death
benefits as payments over the life expectancy of the beneficiary (“stretch”). “Stretch” payments will be subject to
the same limitations as systematic withdrawals, and non-qualified “stretch” payments will be reported on the same
basis as other systematic withdrawals.

If we do not receive an election from a non-spouse owner’s beneficiary within the 1-year period after the contract
owner’s date of death, then we will pay the death benefit to the owner’s beneficiary in a cash payment within five
years from the date of death. We will determine the death benefit as of the date we receive proof of death. We will
make payment of the proceeds on or before the end of the 5-year period starting on the owner’s date of death. Such
cash payment will be in full settlement of all our liability under the Contract.

The death benefits under any of the Options will terminate. At subsequent surrender, any surrender charge
applicable to premiums paid prior to the date we receive due proof of death of the contract owner will be waived.
Premiums are not permitted after such date.

If a contract owner dies after the income phase payment start date, we will continue to distribute any benefit payable
at least as rapidly as under the annuity option then in effect. All of the contract owner’s rights granted under the
Contract or allowed by us will pass to the contract owner’s beneficiary.

If a Contract has joint owners we will consider the date of death of the first joint owner as the death of the contract
owner and the surviving joint owner will become the beneficiary of the Contract. If any contract owner is not an
individual, the death of an annuitant shall be treated as the death of the owner.

Effect of ING LifePay Plus and ING Joint LifePay Plus Riders on Death Benefit
Please see “ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider – Death of
Owner or Annuitant” for information about the effect of the ING LifePay Plus rider on the death benefit under your
Contract and a description of the impact of the owner’s or annuitant’s death on the ING LifePay Plus rider. Please
see “ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider – Death of
Owner or Annuitant” for information about the effect of the ING Joint LifePay Plus rider on the death benefit under
your Contract and a description of the impact of the owner’s or annuitant’s death on the ING Joint LifePay Plus
rider.

THE INCOME PHASE 

During the income phase, you stop contributing dollars to your contract and start receiving payments from your accumulated contract value.

Initiating Payments. At least 30 days prior to the date you want to start receiving payments, you must notify us in

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writing of all of the following: 
 
         ·  Payment start date; 
         ·  Income phase payment option (see the income phase payment options table in this section); 
         ·  Payment frequency (i.e., monthly, quarterly, semi-annually or annually); 
         ·  Choice of fixed, and, if available at the time an income phase payment option is selected, variable or a 
  combination of both fixed and variable payments; and 
         ·  Selection of an assumed net investment rate (only if variable payments are elected). 

Your Contract will continue in the accumulation phase until you properly start income phase payments. Once an
income phase payment option is selected, it may not be changed. Our current annuity options provide only for fixed
payments.

What Affects Payment Amounts? Some of the factors that may affect the amount of your income phase payments
include: your age; gender; contract value; the income phase payment option selected; the number of guaranteed
payments (if any) selected; whether you select fixed, variable or a combination of both fixed and variable payments;
and, for variable payments, the assumed net investment rate selected. Variable payments are not currently available.

Fixed Payments. Amounts funding fixed income phase payments will be held in the Company’s general account.
The amount of fixed payments does not vary with investment performance over time.

Variable Payments. Amounts funding your variable income phase payments will be held in the subaccount(s) you
select. Not all subaccounts available during the accumulation phase may be available during the income phase.
Payment amounts will vary depending upon the performance of the subaccounts you select. For variable income
phase payments, you must select an assumed net investment rate. Variable payments are not currently available.

Assumed Net Investment Rate. If you select variable income phase payments, you must also select an assumed
net investment rate of either 5% or 3½%. If you select a 5% rate, your first income phase payment will be higher,
but subsequent payments will increase only if the investment performance of the subaccounts you selected is greater
than 5% annually, after deduction of fees. Payment amounts will decline if the investment performance is less than
5%, after deduction of fees.

If you select a 3½% rate, your first income phase payment will be lower and subsequent payments will increase
more rapidly or decline more slowly depending upon changes to the net investment rate of the subaccounts you
selected. For more information about selecting an assumed net investment rate, call us for a copy of the SAI.

Minimum Payment Amounts. The income phase payment option you select must result in:

·  A first income phase payment of at least $50; and 
·  Total yearly income phase payments of at least $250. 

If your contract value is too low to meet these minimum payment amounts, you will receive one lump-sum payment.
Unless prohibited by law, we reserve the right to increase the minimum payment amount based on increases
reflected in the Consumer Price Index-Urban (CPI-U) since July 1, 1993.

Betterment of Rates. If the payments under the Income Phase Payment Option that you elect would be lower than
the payments that would be provided using the same value (greater of cash surrender value or 95% of contract value)
under a single premium immediate annuity then offered by us, you will receive the larger payments under your
payment option.

Restrictions on Start Dates and the Duration of Payments. Income phase payments may not begin during the
first contract year, or, unless we consent, later than the later of:

·  The first day of the month following the annuitant’s 90th birthday; or 
·  The tenth anniversary of the last premium payment made to your Contract. 

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Income phase payments will not begin until you have selected an income phase payment option. If there are
surrender charges remaining on the income phase payment start date, your income phase payment option must be
either a life annuity or have a period certain of at least 10 years. Failure to select an income phase payment option
by the later of the annuitant’s 85th birthday or the tenth anniversary of your last premium payment may have adverse
tax consequences. You should consult with a qualified tax adviser if you are considering delaying the selection of
an income phase payment option before the later of these dates.

For qualified contracts only, income phase payments may not extend beyond:

1)  The life of the annuitant; 
2)  The joint lives of the annuitant and beneficiary; 
3)  A guaranteed period greater than the annuitant’s life expectancy; or 
4)  A guaranteed period greater than the joint life expectancies of the annuitant and beneficiary. 

When income phase payments start, the age of the annuitant plus the number of years for which payments are
guaranteed may not exceed 100.

If income phase payments start when the annuitant is at an advanced age, such as over 85, it is possible that the
Contract will not be considered an annuity for federal tax purposes.

See “Federal Tax Considerations” for further discussion of rules relating to income phase payments.

Charges Deducted

·  If you elect a life income payment option, we make a daily deduction for mortality and expense risks equal 
  to 1.25% of amounts invested in the subaccounts. If variable income phase payments are selected, we 
  make a daily deduction for expense risks from amounts held in the subaccounts. Therefore, if you choose 
  variable income phase payments and a nonlifetime income phase payment option, we still make a 
  deduction from the subaccounts you select, even though we no longer assume mortality risks. The amount 
  of this charge, on an annual basis, is equal to 1.25% of amounts invested in the subaccounts. See “Fees and 
  Expenses.” 
 
·  An administrative expense charge of 0.15% applies during the income phase. We deduct this charge daily 
  from the subaccounts corresponding to the funds you select. The charge applies during the entire income 
  phase. See “Fees and Expenses.” 
 
·  If the premium credit option was elected, the premium credit option charge of 0.50% continues during the 
  income phase for the remainder of the seven year period from the addition of the premium credit. We 
  deduct this charge daily from your contract value in both the subaccounts and the Fixed Interest Division. 
  See “Fees and Expenses.” 

Death Benefit during the Income Phase. The death benefits that may be available to a beneficiary are outlined in
the income phase payment options table below. If a lump-sum payment is due as a death benefit, we will make
payment within seven calendar days after we receive proof of death acceptable to us and the request for the payment
in good order at our Customer Service Center. Unless you elect otherwise, the distribution will be made into an
interest bearing account, backed by our general account, that is accessed by the beneficiary through a checkbook
feature. The beneficiary may access death benefit proceeds at any time without penalty. If continuing income phase
payments are elected, the beneficiary may not elect to receive a lump sum at a future date unless the income phase
payment option specifically allows a withdrawal right. We will calculate the value of any death benefit at the next
valuation after we receive proof of death and a request for payment. Such value will be reduced by any payments
made after the date of death.

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Beneficiary Rights. A beneficiary’s right to elect an income phase payment option or receive a lump-sum payment
may have been restricted by the contract owner. If so, such rights or options will not be available to the beneficiary.

Partial Entry into the Income Phase. You may elect an income phase payment option for a portion of your
contract value, while leaving the remaining portion invested in the accumulation phase. Whether the Tax Code
considers such payments taxable as income phase payments or as withdrawals is currently unclear; therefore, you
should consult with a qualified tax adviser before electing this option. The same or different income phase payment
option may be selected for the portion left invested in the accumulation phase.

Taxation. To avoid certain tax penalties, you or your beneficiary must meet the distribution rules imposed by the
Tax Code. Additionally, when selecting an income phase payment option, the Tax Code requires that your expected
payments will not exceed certain durations. See “Federal Tax Considerations.”

Payment Options
The following table lists the income phase payment options and accompanying death benefits available during the
income phase. We may offer additional income phase payment options under the Contract from time to time. Once
income phase payments begin, the income phase payment option selected may not be changed.

Terms to understand:
Annuitant(s): The person(s) on whose life expectancy(ies) the income phase payments are based.

Beneficiary(ies): The person(s) or entity(ies) entitled to receive a death benefit, if any, under the income phase
payment option selected.

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Lifetime Income Phase Payment Option 
Life Income  Length of Payments: For as long as the annuitant lives. It is possible that only one payment 
will be made if the annuitant dies prior to the second payment’s due date. 
Death Benefit—None: All payments end upon the annuitant’s death.
Life Income—  Length of Payments: For as long as the annuitant lives, with payments guaranteed for your 
Guaranteed  choice of 5 to 30 years or as otherwise specified in the contract. 
Payments  Death Benefit—Payment to the Beneficiary: If the annuitant dies before we have made all 
  the guaranteed payments, we will continue to pay the beneficiary the remaining payments. 
Life Income—  Length of Payments: For as long as either annuitant lives. It is possible that only one 
Two Lives  payment will be made if both annuitants die before the second payment’s due date. 
  Continuing Payments: When you select this option you choose for: 
     a)  100%, 66 2/3% or 50% of the payment to continue to the surviving annuitant after the 
    first death; or 
     b)  100% of the payment to continue to the annuitant on the second annuitant’s death, and 
    50% of the payment to continue to the second annuitant on the annuitant’s death. 
  Death Benefit—None: All payments end upon the death of both annuitants. 
Life Income—  Length of Payments: For as long as either annuitant lives, with payments guaranteed from 5 
Two Lives—  to 30 years or as otherwise specified in the contract. 
Guaranteed  Continuing Payments: 100% of the payment to continue to the surviving annuitant after the 
Payments  first death. 
  Death Benefit—Payment to the Beneficiary: If both annuitants die before we have made all 
  the guaranteed payments, we will continue to pay the beneficiary the remaining payments. 
Life Income— Cash  Length of Payments: For as long as the annuitant lives. 
Refund Option  Death Benefit—Payment to the Beneficiary: Following the annuitant’s death, we will pay a 
(limited  lump sum payment equal to the amount originally applied to the income phase payment option 
availability—fixed  (less any applicable premium tax) and less the total amount of income payments paid. 
payments only)     
Life Income—Two  Length of Payments: For as long as either annuitant lives. 
Lives—Cash  Continuing Payments: 100% of the payment to continue after the first death. 
Refund Option  Death Benefit—Payment to the Beneficiary: When both annuitants die we will pay a lump- 
(limited  sum payment equal to the amount applied to the income phase payment option (less any 
availability—fixed applicable premium tax) and less the total amount of income payments paid.
payments only)

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Nonlifetime Income Phase Payment Option 
Nonlifetime—  Length of Payments: You may select payments for 5 to 30 years (15 to 30 years if you 
Guaranteed  elected the premium bonus option). In certain cases a lump-sum payment may be requested at 
Payments  any time (see below). 
  Death Benefit—Payment to the Beneficiary: If the annuitant dies before we make all the 
  guaranteed payments, we will continue to pay the beneficiary the remaining payments. 
Lump-Sum Payment: If the “Nonlifetime—Guaranteed Payments” option is elected with variable payments, you 
may request at any time that all or a portion of the present value of the remaining payments be paid in one lump sum. 
Any such lump-sum payments will be treated as a withdrawal during the accumulation phase and we will charge any 
applicable surrender charge. Lump-sum payments will be sent within seven calendar days after we receive the request 
for payment in good order at our Customer Service Center. 

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 OTHER CONTRACT PROVISIONS 
 
Reports to Contract Owners 
We confirm purchase, transfer and withdrawal transactions usually within 5 business days of processing. We may 
also send you a quarterly report within 31 days after the end of each calendar quarter. The report will show the 

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contract value, cash surrender value, and the death benefit as of the end of the calendar quarter. The report will also
show the allocation of your contract value and reflects the amounts deducted from or added to the contract value.
You have 30 days to notify our Customer Service Center of any errors or discrepancies. We will notify you when
any shareholder reports of the investment portfolios in which Separate Account NY-B invests are available. We will
also send any other reports, notices or documents we are required by law to furnish to you.

Suspension of Payments
The Company reserves the right to suspend or postpone the date of any payment or determination of values, beyond
the seven permitted days, on any business day (1) when the New York Stock Exchange is closed; (2) when trading
on the New York Stock Exchange is restricted; (3) when an emergency exists as determined by the SEC so that the
sale of securities held in Separate Account NY-B may not reasonably occur or so that the Company may not
reasonably determine the value of Separate Account NY-B’s net assets; or (4) during any other period when the SEC
so permits for the protection of security holders. We have the right to delay payment of amounts from a Fixed
Interest Allocation for up to 6 months.

In Case of Errors in Your Application
If an age or gender given in the application or enrollment form is misstated, the amounts payable or benefits
provided by the Contract shall be those that the premium payment would have bought at the correct age or sex.

Assigning the Contract as Collateral
You may assign a non-qualified Contract as collateral security for a loan but you should understand that your rights
and any beneficiary’s rights may be subject to the terms of the assignment. An assignment likely has federal tax
consequences. You must give us satisfactory written notice at our Customer Service Center in order to make or
release an assignment. We are not responsible for the validity of any assignment.

Contract Changes — Applicable Tax Law
We have the right to make changes in the Contract to continue to qualify the Contract as an annuity under applicable
federal tax law. You will be given advance notice of such changes.

Free Look
You may cancel your Contract within your 10-day free look period. We deem the free look period to expire 15 days
after we mail the Contract to you. Your state may require a longer free look period under certain circumstances. To
cancel, you need to send your Contract to our Customer Service Center or to the agent from whom you purchased it.
We will refund the contract value. For purposes of the refund during the free look period, we exclude any premium
credit and include a refund of any charges deducted from your contract value. Because of the market risks
associated with investing in the portfolios, the contract value returned may be greater or less than the premium
payment you paid. We may, at our discretion, require that premiums designated for investment in the subaccounts
as well as premiums designated for a Fixed Interest Allocation be allocated to the specially designated subaccount
(currently, the ING Liquid Assets Portfolio) during the free look period. Your free look rights depend on the laws of
the state in which you purchase the Contract. Your Contract is void as of the day we receive your Contract and
cancellation request. We determine your contract value at the close of business on the day we receive your written
request. If you keep your Contract after the free look period and the investment is allocated to a subaccount
specially designated by the Company, we will put your money in the subaccount(s) chosen by you, based on the
accumulation unit value next computed for each subaccount, and/or in the Fixed Interest Allocation chosen by you.

Special Arrangements
We may reduce or waive any Contract, rider, or benefit fees or charges for certain group or sponsored arrangements,
under special programs, and for certain employees, agents, and related persons of our parent corporation and its
affiliates. We reduce or waive these items based on expected economies, and the variations are based on differences
in costs or services.

Selling the Contract
Our affiliate, Directed Services LLC, 1475 Dunwoody Drive, West Chester, PA 19380 is the principal underwriter
and distributor of the Contract as well as for other ING USA contracts. Directed Services LLC, a Delaware limited
liability company, is registered with the SEC as a broker/dealer under the Securities Exchange Act of 1934, and is a
member of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

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Directed Services LLC does not retain any commissions or compensation paid to it by ING USA for Contract sales.
Directed Services LLC enters into selling agreements with affiliated and unaffiliated broker/dealers to sell the
Contracts through their registered representatives who are licensed to sell securities and variable insurance products
(“selling firms”). Selling firms are also registered with the SEC and are FINRA member firms.

The following is a list of broker/dealers that are affiliated with the Company:

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·  Directed Services LLC  ·  ING Funds Distributor, LLC 
·  ING America Equities, Inc.  ·  ING Investment Advisors, LLC 
·  ING Financial Advisers, LLC  ·  ING Investment Management Services LLC 
·  ING Financial Markets LLC  ·  ShareBuilder Securities Corporation 
·  ING Financial Partners, Inc.  ·  Systematized Benefits Administrators, Inc. 

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Directed Services LLC pays selling firms compensation for the promotion and sale of the Contracts. Registered
representatives of the selling firms who solicit sales of the Contracts typically receive a portion of the compensation
paid by Directed Services LLC to the selling firm in the form of commissions or other compensation, depending on
the agreement between the selling firm and the registered representative. This compensation, as well as other
incentives or payments, is not paid directly by contract owners or the Separate Account. We intend to recoup this
compensation and other sales expenses paid to selling firms through fees and charges imposed under the Contracts.

Directed Services LLC pays selling firms for Contract sales according to one or more schedules. This compensation
is generally based on a percentage of premium payments. Selling firms may receive commissions of up to 7.5% of
premium payments. In addition, selling firms may receive ongoing annual compensation of up to 1.25% of all, or a
portion, of values of Contracts sold through the firm. Individual representatives may receive all or a portion of
compensation paid to their selling firm, depending on their firm’s practices. Commissions and annual
compensation, when combined, could exceed 7.5% of total premium payments.

Directed Services LLC has special compensation arrangements with certain selling firms based on those firms’
aggregate or anticipated sales of the Contracts or other criteria. These special compensation arrangements will not
be offered to all selling firms, and the terms of such arrangements may differ among selling firms based on various
factors. Any such compensation payable to a selling firm will not result in any additional direct charge to you by us.

In addition to the direct cash compensation for sales of Contracts described above, Directed Services LLC may also
pay selling firms additional compensation or reimbursement of expenses for their efforts in selling the Contracts to
you and other customers. These amounts may include:

·  Marketing/distribution allowances which may be based on the percentages of premium received, the 
  aggregate commissions paid and/or the aggregate assets held in relation to certain types of designated 
  insurance products issued by the Company and/or its affiliates during the year; 
 
·  Loans or advances of commissions in anticipation of future receipt of premiums (a form of lending to 
  agents/registered representatives). These loans may have advantageous terms such as reduction or 
  elimination of the interest charged on the loan and/or forgiveness of the principal amount of the loan, 
  which terms may be conditioned on fixed insurance product sales; 

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·  Education and training allowances to facilitate our attendance at certain educational and training 
  meetings to provide information and training about our products. We also hold training programs from 
  time to time at our expense; 
 
·  Sponsorship payments or reimbursements for broker/dealers to use in sales contests and/or meetings 
  for their agents/registered representatives who sell our products. We do not hold contests based solely 
  on the sales of this product; 
 
·  Certain overrides and other benefits that may include cash compensation based on the amount of 
  earned commissions, agent/representative recruiting or other activities that promote the sale of 
  policies; and 
 
·  Additional cash or noncash compensation and reimbursements permissible under existing law. This 
  may include, but is not limited to, cash incentives, merchandise, trips, occasional entertainment, meals 
  and tickets to sporting events, client appreciation events, business and educational enhancement items, 
  payment for travel expenses (including meals and lodging) to pre-approved training and education 
  seminars, and payment for advertising and sales campaigns. 

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We may pay commissions, dealer concessions, wholesaling fees, overrides, bonuses, other allowances and benefits
and the costs of all other incentives or training programs from our resources, which include the fees and charges
imposed under the Contract.

The following is a list of the top 25 selling firms that, during 2009, received the most compensation, in the
aggregate, from us in connection with the sale of registered annuity contracts issued by us, ranked by total dollars
received:

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1.  Morgan Stanley Smith Barney LLC  14.  National Planning Corporation 
2.  LPL Financial Corporation  15.  Wells Fargo Advisors, LLC (Bank Channel) 
3.  Merrill Lynch, Pierce, Fenner & Smith, Inc.  16.  Woodbury Financial Services Inc. 
4.  ING Financial Partners Inc.  17.  Wells Fargo Investments LLC 
5.  ING Financial Partners, Inc. CAREER  18.  Morgan Keegan and Company Inc. 
6.  UBS Financial Services Inc.  19.  PrimeVest Financial Services Inc. 
7.  ING Financial Advisers, LLC  20.  Wells Fargo SEC, LLC 
8.  Wells Fargo Advisors, LLC  21.  Royal Alliance Associates Inc. 
9.  Raymond James Financial Services Inc.  22.  Madison Avenue Securities Inc. 
10.  Financial Network Investment Corporation  23.  SII Investments Inc. 
11.  Chase Investment SVCS Corp  24.  First Allied Securities Inc. 
12.  Securities America Inc.  25.  Securian Financial Services Inc. 
13.  Multi-Financial Securities Corporation     

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Directed Services LLC may also compensate wholesalers/distributors, and their sales management personnel, for
Contract sales within the wholesale/distribution channel. This compensation may be based on a percentage of
premium payments and/or a percentage of Contract values. Directed Services LLC may, at its discretion, pay
additional cash compensation to wholesalers/distributors for sales by certain broker-dealers or “focus firms.”

We do not pay any additional compensation on the sale or exercise of any of the Contract’s optional benefit riders
offered in this prospectus.

This is a general discussion of the types and levels of compensation paid by us for sale of our variable annuity
contracts. It is important for you to know that the payment of volume- or sales-based compensation to a selling firm
or registered representative may provide that registered representative a financial incentive to promote our contracts
over those of another company, and may also provide a financial incentive to promote one of our contracts over
another.

OTHER INFORMATION 

Voting Rights
We will vote the shares of a Trust owned by Separate Account NY-B according to your instructions. However, if
the 1940 Act or any related regulations should change, or if interpretations of it or related regulations should change,
and we decide that we are permitted to vote the shares of a Trust in our own right, we may decide to do so.

We determine the number of shares that you have in a subaccount by dividing the Contract’s contract value in that
subaccount by the net asset value of one share of the portfolio in which a subaccount invests. We count fractional
votes. We will determine the number of shares you can instruct us to vote 180 days or less before a Trust
shareholder meeting. We will ask you for voting instructions by mail at least 10 days before the meeting. If we do
not receive your instructions in time, we will vote the shares in the same proportion as the instructions received from
all contracts in that subaccount. We will also vote shares we hold in Separate Account NY-B which are not
attributable to contract owners in the same proportion. The effect of proportional voting is that a small number of
contract owners may decide the outcome of a vote.

State Regulation
We are regulated by the Insurance Department of the State of New York. We are also subject to the insurance laws
and regulations of all jurisdictions where we do business. The variable Contract offered by this prospectus has been
approved where required by those jurisdictions. We are required to submit annual statements of our operations,
including financial statements, to the Insurance Departments of the various jurisdictions in which we do business to
determine solvency and compliance with state insurance laws and regulations.

Legal Proceedings
We are not aware of any pending legal proceedings which involve Separate Account NY-B as a party.

The Company is involved in threatened or pending lawsuits/arbitrations arising from the normal conduct of
business. Due to the climate in insurance and business litigation/arbitration, suits against the Company sometimes
include claims for substantial compensatory, consequential or punitive damages and other types of relief. Moreover,
certain claims are asserted as class actions, purporting to represent a group of similarly situated individuals. While it
is not possible to forecast the outcome of such lawsuits/arbitrations, in light of existing insurance, reinsurance and
established reserves, it is the opinion of management that the disposition of such lawsuits/arbitrations will not have a
materially adverse effect on the Company’s operations or financial position.

Directed Services LLC, the principal underwriter and distributor of the contract, is a party to threatened or pending
lawsuits/arbitration that generally arise from the normal conduct of business. Some of these suits may seek class
action status and sometimes include claims for substantial compensatory, consequential or punitive damages and
other types of relief. Directed Services LLC is not involved in any legal proceeding which, in the opinion of
management, is likely to have a material adverse effect on its ability to distribute the contract.

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FEDERAL TAX CONSIDERATIONS 

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Introduction
This section discusses our understanding of current federal income tax laws affecting the contract. Federal income
tax treatment of the contract is complex and sometimes uncertain. You should keep the following in mind when
reading it:

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Your tax position (or the tax position of the designated beneficiary, as applicable) determines federal taxation 
of amounts held or paid out under the contract; 
Tax laws change. It is possible that a change in the future could affect contracts issued in the past; 
This section addresses some but not all applicable federal income tax rules and does not discuss federal estate 
and gift tax implications, state and local taxes, or any other tax provisions; and 
We do not make any guarantee about the tax treatment of the contract or transactions involving the contract. 

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We do not intend this information to be tax advice. For advice about the effect of federal income taxes or any other
taxes on amounts held or paid out under the contract, consult a tax adviser.
Types of Contracts: Non-Qualified or Qualified
The Contract may be purchased on a non-tax-qualified basis (non-qualified contracts) or purchased on a tax-
qualified basis (qualified contracts).

Non-qualified contracts are purchased with after tax contributions and are not related to retirement plans that receive
special income tax treatment under the Tax Code.

Qualified Contracts are designed for use by individuals whose premium payments are comprised solely of proceeds
from and/or contributions under retirement plans that are intended to qualify for special income tax treatment under
Sections 401, 408 or 408A, and some provisions of 403 and 457 of the Tax Code.

Effective January 1, 2009, except in the case of a rollover contribution as permitted under the Tax Code or as a
result of an intra-plan exchange or plan-to-plan transfer described under the Final Regulations, contributions to a
section 403(b) tax sheltered annuity contract may only be made by the Employer sponsoring the Plan under which
the assets in your contract are covered subject to the applicable Treasury Regulations and only if the Company, in its
sole discretion, agrees to be an approved provider.

Taxation of Non-Qualified Contracts

Premiums
You may not deduct the amount of your premiums to a non-qualified contract.

Taxation of Gains Prior to Distribution
Tax Code Section 72 governs taxation of annuities in general. We believe that if you are a natural person you
will generally not be taxed on increases in the value of a non-qualified Contract until a distribution occurs or until
annuity payments begin. This assumes that the Contract will qualify as an annuity contract for federal income tax
purposes. For these purposes, the agreement to assign or pledge any portion of the contract value generally will be
treated as a distribution. In order to be eligible to receive deferral of taxation, the following requirements must be
satisfied:

Diversification. Tax Code Section 817(h) requires that in a nonqualified contract the investments of the
funds be “adequately diversified” in accordance with Treasury Regulations in order for the Contract to qualify as an
annuity contract under federal tax law. The separate account, through the funds, intends to comply with the
diversification requirements prescribed by Tax Code Section 817(h) and by the Treasury in Reg. Sec. 1.817-5,
which affects how the funds’ assets may be invested. If it is determined, however, that your Contract does not
satisfy the applicable diversification requirements and rulings because a subaccount’s corresponding fund fails to be

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adequately diversified for whatever reason, we will take appropriate steps to bring your Contract into compliance
with such regulations and rulings, and we reserve the right to modify your Contract as necessary to do so.

Investor Control. Although earnings under non-qualified contracts are generally not taxed until
withdrawn, the Internal Revenue Service (IRS) has stated in published rulings that a variable contract owner will be
considered the owner of separate account assets if the contract owner possesses incidents of investment control over
the assets. In these circumstances, income and gains from the separate account assets would be currently includible
in the variable contract owner’s gross income. Future guidance regarding the extent to which owners could direct
their investments among subaccounts without being treated as owners of the underlying assets of the separate
account may adversely affect the tax treatment of existing contracts. The Company therefore reserves the right to
modify the contract as necessary to attempt to prevent the contract holder from being considered the federal tax
owner of a pro rata share of the assets of the separate account.

Required Distributions. In order to be treated as an annuity contract for federal income tax purposes, the
Tax Code requires any non-qualified Contract to contain certain provisions specifying how your interest in the
Contract will be distributed in the event of your death. The non-qualified Contracts contain provisions that are
intended to comply with these Tax Code requirements, although no regulations interpreting these requirements have
yet been issued. When such requirements are clarified by regulation or otherwise, we intend to review such
distribution provisions and modify them if necessary to assure that they comply with the applicable requirements.

Non-Natural Holders of a Non-Qualified Contract. If you are not a natural person, a non-qualified
contract generally is not treated as an annuity for income tax purposes and the income on the contract for the taxable
year is currently taxable as ordinary income. Income on the contract is any increase in the contract value over the
“investment in the contract” (generally, the premiums or other consideration you paid for the contract less any
nontaxable withdrawals) during the taxable year. There are some exceptions to this rule and a non-natural person
should consult with its tax adviser prior to purchasing the Contract. When the contract owner is not a natural
person, a change in the annuitant is treated as the death of the contract owner.

Delayed Annuity Starting Date. If the Contract’s annuity starting date occurs (or is scheduled to occur) at
a time when the annuitant has reached an advanced age (e.g., after age 85), it is possible that the Contract would not
be treated as an annuity for federal income tax purposes. In that event, the income and gains under the Contract
could be currently includible in your income.

Taxation of Distributions

General. When a withdrawal from a non-qualified Contract occurs, the amount received will be treated as
ordinary income subject to tax up to an amount equal to the excess (if any) of the contract value (unreduced by the
amount of any surrender charge) immediately before the distribution over the contract owner’s investment in the
contract at that time. Investment in the contract is generally equal to the amount of all premiums to the
contract, plus amounts previously included in your gross income as the result of certain loans, assignments or gifts,
less the aggregate amount of non-taxable distributions previously made.

In the case of a surrender under a non-qualified Contract, the amount received generally will be taxable only to the
extent it exceeds the contract owner’s investment in the contract (cost basis).

10% Penalty Tax. A distribution from a non-qualified Contract may be subject to a federal tax penalty
equal to 10% of the amount treated as income. In general, however, there is no penalty on distributions:

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made on or after the taxpayer reaches age 59½; 
made on or after the death of a contract owner (the annuitant if the contract owner is a non-natural 
person); 
attributable to the taxpayer’s becoming disabled as defined in the Tax Code; 
made as part of a series of substantially equal periodic payments (at least annually) over your life or life 
expectancy or the joint lives or joint life expectancies of you and your designated beneficiary; or 
the distribution is allocable to investment in the contract before August 14, 1982. 

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The 10% penalty does not apply to distributions from an immediate annuity as defined in the Tax Code. Other
exceptions may be applicable under certain circumstances and special rules may be applicable in connection with
the exceptions enumerated above. A tax adviser should be consulted with regard to exceptions from the penalty tax.

Tax-Free Exchanges. Section 1035 of the Tax Code permits the exchange of a life insurance, endowment
or annuity contract for an annuity contract on a tax-free basis. In such instance, the “investment in the contract” in
the old contract will carry over to the new contract. You should consult with your tax advisor regarding procedures
for making Section 1035 exchanges.

If your Contract is purchased through a tax-free exchange of a life insurance, endowment or annuity contract that
was purchased prior to August 14, 1982, then any distributions other than annuity payments will be treated, for tax
purposes, as coming:

First, from any remaining “investment in the contract” made prior to August 14, 1982 and exchanged into 
the Contract; 
Next, from any “income on the contract” attributable to the investment made prior to August 14, 1982; 
Then, from any remaining “income on the contract;” and 
Lastly, from any remaining “investment in the contract.” 

The IRS has concluded that in certain instances, the partial exchange of a portion of one annuity contract for another
contract will be tax-free. Pursuant to IRS guidance, receipt of withdrawals, surrenders or annuity payments
(annuitizations) from either the original contract or the new contract during the 12 month period following the
partial exchange may retroactively negate the partial exchange. If the partial exchange is retroactively negated, the
partial surrender of the original contract will be treated as a withdrawal, taxable as ordinary income to the extent of
gain in the original contract and, if the partial exchange occurred prior to you reaching age 59½ , may be subject to
an additional 10% tax penalty. A taxable event may be avoided if requirements identified as a qualifying event are
satisfied. We are not responsible for the manner in which any other insurance company, for tax reporting purposes,
or the IRS, with respect to the ultimate tax treatment, recognizes or reports a partial exchange. We strongly advise
you to discuss any proposed 1035 exchange or subsequent distribution within 12 months with your tax advisor prior
to proceeding with the transaction.

Taxation of Annuity Payments. Although tax consequences may vary depending on the payment option
elected under an annuity contract, a portion of each annuity payment is generally not taxed and the remainder is
taxed as ordinary income. The non-taxable portion of an annuity payment is generally determined in a manner that
is designed to allow you to recover your investment in the contract ratably on a tax-free basis over the expected
stream of annuity payments, as determined when annuity payments start. Once your investment in the contract has
been fully recovered, however, the full amount of each subsequent annuity payment is subject to tax as ordinary
income.

The tax treatment of partial annuitizations is unclear. We currently treat any partial annuitizations as withdrawals
rather than as annuity payments. Please consult your tax adviser before electing a partial annuitization.

Death Benefits. Amounts may be distributed from a Contract because of your death or the death of the
annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a
lump sum, they are taxed in the same manner as a surrender of the Contract, or (ii) if distributed under a payment
option, they are taxed in the same way as annuity payments. Special rules may apply to amounts distributed after a
Beneficiary has elected to maintain Contract value and receive payments.

Different distribution requirements apply if your death occurs:

After you begin receiving annuity payments under the Contract; or 
Before you begin receiving such distributions. 

If your death occurs after you begin receiving annuity payments, distributions must be made at least as rapidly as
under the method in effect at the time of your death.

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If your death occurs before you begin receiving annuity payments, your entire balance must be distributed within
five years after the date of your death. For example, if you died on September 1, 2008, your entire balance must be
distributed by August 31, 2013. However, if distributions begin within one year of your death, then payments may
be made over one of the following timeframes:

Over the life of the designated beneficiary; or 
Over a period not extending beyond the life expectancy of the designated beneficiary. 

If the designated beneficiary is your spouse, the contract may be continued with the surviving spouse as the new
contract owner. If the contract owner is a non-natural person and the primary annuitant dies, the same rules apply
on the death of the primary annuitant as outlined above for the death of a contract owner.

The Contract offers a death benefit that may exceed the greater of the premium payments and the contract value.
Certain charges are imposed with respect to the death benefit. It is possible that these charges (or some portion
thereof) could be treated for federal tax purposes as a distribution from the Contract.

Assignments and Other Transfers. A transfer, pledge or assignment of ownership of a non-qualified
contract, the selection of certain annuity dates, or the designation of an annuitant or payee other than an owner may
result in certain tax consequences to you that are not discussed herein. The assignment, pledge or agreement to
assign or pledge any portion of the contract value generally will be treated as a distribution. Anyone contemplating
any such transfer, pledge, assignment, or designation or exchange, should consult a tax adviser regarding the
potential tax effects of such a transaction.

Immediate Annuities. Under Section 72 of the Tax Code, an immediate annuity means an annuity (1)
which is purchased with a single premium, (2) with annuity payments starting within one year from the date of
purchase, and (3) which provides a series of substantially equal periodic payments made annually or more
frequently. While this Contract is not designed as an immediate annuity, treatment as an immediate annuity would
have significance with respect to exceptions from the 10% early withdrawal penalty, to contracts owned by non-
natural persons, and for certain exchanges.

Multiple Contracts. Tax laws require that all non-qualified deferred annuity contracts that are issued by a
company or its affiliates to the same contract owner during any calendar year be treated as one annuity contract for
purposes of determining the amount includible in gross income under Tax Code Section 72(e). In addition, the
Treasury Department has specific authority to issue regulations that prevent the avoidance of Tax Code Section
72(e) through the serial purchase of annuity contracts or otherwise.

Withholding. We will withhold and remit to the IRS a part of the taxable portion of each distribution
made under a Contract unless the distributee notifies us at or before the time of the distribution that he or she elects
not to have any amounts withheld. Withholding is mandatory, however, if the distributee fails to provide a valid
taxpayer identification number or if we are notified by the IRS that the taxpayer identification number we have on
file is incorrect. The withholding rates applicable to the taxable portion of periodic annuity payments are the same
as the withholding rates generally applicable to payments of wages. In addition, a 10% withholding rate applies to the
taxable portion of non-periodic payments. Regardless of whether you elect to have federal income tax withheld, you
are still liable for payment of federal income tax on the taxable portion of the payment.

Certain states have indicated that state income tax withholding will also apply to payments from the contracts made
to residents. Generally, an election out of federal withholding will also be considered an election out of state
withholding. In some states, you may elect out of state withholding, even if federal withholding applies. If you
need more information concerning a particular state or any required forms, please contact our Customer Service
Center.

If you or your designated beneficiary is a non-resident alien, then any withholding is governed by Tax Code Section
1441 based on the individual’s citizenship, the country of domicile and treaty status, and we may require additional
documentation prior to processing any requested transaction.

Taxation of Qualified Contracts

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General
The Contracts are primarily designed for use with IRAs under Tax Code Sections 401, 408 or 408A, and some
provisions of 403 and 457 (We refer to all of these as “qualified plans”). The tax rules applicable to participants in
these qualified plans vary according to the type of plan and the terms and conditions of the plan itself. The ultimate
effect of federal income taxes on the amounts held under a Contract, or on annuity payments, depends on the type of
retirement plan and your tax status. Special favorable tax treatment may be available for certain types of
contributions and distributions. In addition, certain requirements must be satisfied in purchasing a qualified contract
with proceeds from a tax-qualified plan in order to continue receiving favorable tax treatment.

Adverse tax consequences may result from: contributions in excess of specified limits; distributions before age 59½
(subject to certain exceptions); distributions that do not conform to specified commencement and minimum
distribution rules; and in other specified circumstances. Some qualified plans may be subject to additional
distribution or other requirements that are not incorporated into the Contract. No attempt is made to provide more
than general information about the use of the Contracts with qualified plans. Contract owners, annuitants, and
beneficiaries are cautioned that the rights of any person to any benefits under these qualified plans may be subject to
the terms and conditions of the plans themselves, regardless of the terms and conditions of the Contract. The
Company is not bound by the terms and conditions of such plans to the extent such terms contradict the Contract,
unless we consent.

Contract owners and beneficiaries generally are responsible for determining that contributions, distributions and
other transactions with respect to the contract comply with applicable law. Therefore, you should seek competent
legal and tax advice regarding the suitability of a contract for your particular situation. The following discussion
assumes that qualified contracts are purchased with proceeds from and/or contributions under retirement plans or
programs that qualify for the intended special federal tax treatment.

Tax Deferral
Under the federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are
withdrawn. However, in the case of a qualified plan (as defined in this prospectus), an annuity contract is not
necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already
available to the qualified plan itself. Annuities do provide other features and benefits (such as guaranteed living
benefits and/or death benefits or the option of lifetime income phase options at established rates) that may be
valuable to you. You should discuss your alternatives with your financial representative taking into account the
additional fees and expenses you may incur in an annuity.

Section 401(a), 401(k), Roth 401(k), and 403(a) Plans. Sections 401(a), 401(k), and 403(a) of the Tax
Code permit certain employers to establish various types of retirement plans for employees, and permits self-
employed individuals to establish these plans for themselves and their employees. These retirement plans may
permit the purchase of Contracts to accumulate retirement savings under the plans. Employers intending to use the
Contract with such plans should seek competent legal advice.

The contracts may also be available as a Roth 401(k), as described in Tax Code Section 402A, and we may set up
accounts for you under the Contract for Roth 401(k) contributions (“Roth 401(k) accounts”). Tax Code Section
402A allows employees of certain private employers to contribute after-tax salary contributions to a Roth 401(k),
which provides for tax-free distributions, subject to certain restrictions.

Individual Retirement Annuities. Section 408 of the Tax Code permits eligible individuals to contribute
to an individual retirement program known as an Individual Retirement Annuity (“IRA”). IRAs are subject to limits
on the amounts that can be contributed, the deductible amount of the contribution, the persons who may be eligible,
and the time when distributions commence. Contributions to IRAs must be made in cash or as a rollover or a
transfer from another eligible plan. Also, distributions from IRAs, individual retirement accounts, and other types of
retirement plans may be “rolled over” on a tax-deferred basis into an IRA. If you make a tax-free rollover of a
distribution from an IRA you may not make another tax-free rollover from the IRA within a 1-year period. Sales of
the contract for use with IRAs may be subject to special requirements of the IRS.

The IRS has not reviewed the contracts described in this prospectus for qualification as IRAs and has not addressed,

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in a ruling of general applicability, whether the contract’s death benefit provisions comply with IRS qualification
requirements.

Roth IRAs. Section 408A of the Tax Code permits certain eligible individuals to contribute to a Roth IRA.
Contributions to a Roth IRA are subject to limits on the amount of contributions and the persons who may be
eligible to contribute, are not deductible, and must be made in cash or as a rollover or transfer from another Roth
IRA or other IRA. Certain qualifying individuals may convert an IRA, SEP, or a SIMPLE to a Roth IRA. Such
rollovers and conversions are subject to tax, and other special rules may apply. If you make a tax-free rollover of a
distribution from a Roth IRA to another Roth IRA, you may not make another tax-free rollover from the Roth IRA
within a 1-year period. A 10% penalty may apply to amounts attributable to a conversion to a Roth IRA if the
amounts are distributed during the five taxable years beginning with the year in which the conversion was made.

Sales of a contract for use with a Roth IRA may be subject to special requirements of the IRS. The IRS has not
reviewed the contracts described in this prospectus for qualification as IRAs and has not addressed, in a ruling of
general applicability, whether the contract’s death benefit provisions comply with IRS qualification requirements.

Section 403(b) Tax-Sheltered Annuities. The contracts are no longer available for purchase as Tax Code
section 403(b) tax-sheltered annuities. Existing contracts issued as Tax Code section 403(b) tax-sheltered annuities
will continue to be maintained as such under the applicable rules and regulations.

The Treasury Department has issued regulations which generally take effect on January 1, 2009. Existing contracts
will be modified as necessary to comply with these regulations where allowed, or where required by law in order to
maintain their status as section 403(b) tax-sheltered annuities. The final regulations include: (a) the ability to
terminate a 403(b) plan, which would entitle a participant to a distribution; (b) the revocation of IRS Revenue
Ruling 90-24, and the resulting increase in restrictions on a participant’s right to transfer his or her 403(b) accounts;
and (3) the imposition of withdrawal restrictions on non-salary reduction contribution amounts, as well as other
changes.

Contributions
In order to be excludable from gross income for federal income tax purposes, total annual contributions to
certain qualified plans are limited by the Tax Code. You should consult with your tax adviser in connection with
contributions to a qualified contract.

Distributions – General
Certain tax rules apply to distributions from the Contract. A distribution is any amount taken from a Contract
including withdrawals, annuity payments, rollovers, exchanges and death benefit proceeds. We report the taxable
portion of all distributions to the IRS.

Section 401(a), 401(k) and 403(a) Plans. Distributions from these plans are taxed as received unless one
of the following is true:

The distribution is an eligible rollover distribution and is rolled over to another plan eligible to receive 
rollovers or to a traditional IRA in accordance with the Tax Code; 
You made after-tax contributions to the plan. In this case, depending upon the type of distribution, the 
amount will be taxed according to the rules detailed in the Tax Code; or 
The distribution is a qualified health insurance premium of a retired safety officer as defined in the 
Pension Protection Act of 2006. 

A payment is an eligible rollover distribution unless it is: 
 
                     part of a series of substantially equal periodic payments (at least one per year) made over the life 
                     expectancy of the participant or the joint life expectancy of the participant and his designated beneficiary 
                     or for a specified period of 10 years or more; 
                     a required minimum distribution under Tax Code Section 401(a)(9); 
                     a hardship withdrawal; 
                     otherwise excludable from income; or 

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                     Not recognized under applicable regulations as eligible for rollover. 
 
The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a Contract used with a 
401(a), 401(k) or 403(a) plan unless certain exceptions, including one or more of the following, have occurred: 
 
                     You have attained age 59½; 
                     You have become disabled, as defined in the Tax Code; 
                     You have died and the distribution is to your beneficiary; 
                     You have separated from service with the sponsor at or after age 55; 
                     The distribution amount is rolled over into another eligible retirement plan or to an IRA in accordance 
                     with the terms of the Tax Code; 
                     You have separated from service with the plan sponsor and the distribution amount is made in 
                     substantially equal periodic payments (at least annually) over your life or the life expectancy or the joint 
                     lives or joint life expectancies of you and your designated beneficiary; 
                     The distribution is made due to an IRS levy upon your plan; 
                     The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order 
                     (QDRO); or 
                     The distribution is a qualified reservist distribution as defined under the Pension Protection Act of 2006 
                     (401(k) plans only). 
 
In addition, the 10% penalty tax does not apply to the amount of a distribution equal to unreimbursed medical 
expenses incurred by you during the taxable year that qualify for deduction as specified in the Tax Code. The Tax 
Code may provide other exceptions or impose other penalties in other circumstances. 
 
Individual Retirement Annuities. All distributions from an IRA are taxed as received unless either one of 
the following is true: 
 
                     The distribution is rolled over to another IRA or to a plan eligible to receive rollovers as permitted under 
                     the Tax Code; or 
                     You made after-tax contributions to the IRA. In this case, the distribution will be taxed according to rules 
                     detailed in the Tax Code. 
 
The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from an IRA unless certain 
exceptions, including one or more of the following, have occurred: 
 
                     You have attained age 59½; 
                     You have become disabled, as defined in the Tax Code; 
                     You have died and the distribution is to your beneficiary; 
                     The distribution amount is rolled over into another eligible retirement plan or to an IRA in accordance 
                     with the terms of the Tax Code; 
                     The distribution is made due to an IRS levy upon your plan; 
                     The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order 
                     (QDRO); or 
                     The distribution is a qualified reservist distribution as defined under the Pension Protection Act of 2006. 
 
In addition, the 10% penalty tax does not apply to a distribution made from an IRA to pay for health insurance 
premiums for certain unemployed individuals, a qualified first-time home purchase, or for higher education 
expenses. 
 
                     Roth IRAs. A qualified distribution from a Roth IRA is not taxed when it is received. A qualified 
distribution is a distribution: 
 
                     Made after the five-taxable year period beginning with the first taxable year for which a contribution was 
                     made to a Roth IRA of the owner; and 
                     Made after you attain age 59½, die, become disabled as defined in the Tax Code, or for a qualified first- 
                     time home purchase. 

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  If a distribution is not qualified, generally it will be taxable to the extent of the accumulated earnings. A partial
distribution will first be treated as a return of contributions which is not taxable and then as taxable accumulated
earnings.

The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a Roth IRA that is not a
qualified distribution unless certain exceptions have occurred. In general, the exceptions for an IRA listed above
also apply to a distribution from a Roth IRA that is not a qualified distribution or a rollover to a Roth IRA that is not
a qualified rollover contribution. The 10% penalty tax is also waived on a distribution made from a Roth IRA to pay
for health insurance premiums for certain unemployed individuals, used for a qualified first-time home purchase, or
for higher education expenses.

403(b) Plans. Distributions from your contract are subject to the requirements of Code Section 403(b), the
Treasury Regulations, and, if applicable, the Plan under which the assets in your contract are covered. In
accordance with Code Section 403(b) and the Treasury Regulations, we have no responsibility or obligation to make
any distribution (including distributions due to loans, annuity payouts, qualified domestic relations orders, hardship
withdrawals and systematic distributions options) from your contract until we have received instructions or
information from your Employer and/or its designee or, if permitted under Code Section 403(b) and the Treasury
Regulations, you in a form acceptable to us and necessary for us to administer your contract in accordance with
Code Section 403(b) the Treasury Regulations, and, if applicable, the Plan.

All distributions from these plans are taxed as received unless one of the following is true:

The distribution is an eligible rollover distribution and is rolled over to another plan eligible to receive 
rollovers or to a traditional IRA in accordance with the Tax Code; 
You made after-tax contributions to the plan. In this case, depending upon the type of distribution, the 
amount will be taxed according to the rules detailed in the Tax Code; or 
The distribution is a qualified health insurance premium of a retired public safety officer as defined in the 
Pension Protection Act of 2006. 

A payment is an eligible rollover distribution unless it is: 
 
                     Part of a series of substantially equal periodic payments (at least one per year) made over the life 
                     expectancy of the participant or the joint life expectancy of the participant and his designated beneficiary 
                     or for a specified period of 10 years or more; 
                     A required minimum distribution under Tax Code section 401(a)(9); 
                     A hardship withdrawal; 
                     Otherwise excludable from income; or 
                     Not recognized under applicable regulations as eligible for rollover. 

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The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a contract used with a
403(b) plan, unless certain exceptions have occurred. In general, the exceptions for an IRA listed above also apply
to a distribution from a 403(b) plan, plus in the event you have separated from service with the sponsor at or after
age 55, or you have separated from service with the plan sponsor and the distribution amount is made in
substantially equal periodic payments (at least annually) over your life or the life expectancy or the joint lives or
joint life expectancies of you and your designated beneficiary. In addition, the 10% penalty tax does not apply to
the amount of a distribution equal to unreimbursed medical expenses incurred by you during the taxable year that
qualify for deduction as specified in the Tax Code. The Tax Code may provide other exceptions or impose other
penalty taxes in other circumstances.

Distribution of amounts restricted under Tax Code section 403(b)(11) may only occur upon your death, attainment
of age 59½, severance from employment, disability or financial hardship. Such distributions remain subject to other
applicable restrictions under the Tax Code and the regulations.

Special Disaster Relief. In 2005, 2007 and 2008 Congress temporarily provided taxpayers with certain
kinds of relief which eased the complex rules covering withdrawals by individuals who suffered economic losses

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due to natural disasters such as Hurricanes Katrina, Rita and Wilma as well as tornados and floods. Please consult a
qualified tax adviser for further information if there is any question as to whether such relief is available.
Lifetime Required Minimum Distributions (Sections 401(a), 401(k), Roth 401(k), 403(a), 403(b) and
IRAs only).

To avoid certain tax penalties, you and any designated beneficiary must also meet the minimum
distribution requirements imposed by the Tax Code. These rules may dictate the following:

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Start date for distributions; 
The time period in which all amounts in your account(s) must be distributed; and 
Distribution amounts. 

Start Date and Time Period. Generally, you must begin receiving distributions by April 1 of the
calendar year following the calendar year in which you attain age 70½. We must pay out distributions from the
contract over a period not extending beyond one of the following time periods:

Over your life or the joint lives of you and your designated beneficiary; or 
Over a period not greater than your life expectancy or the joint life expectancies of you and your 
designated beneficiary. 

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Distribution Amounts. The amount of each required distribution must be calculated in accordance
with Tax Code Section 401(a)(9). The entire interest in the account includes the amount of any outstanding rollover,
transfer, recharacterization, if applicable, and the actuarial present value of other benefits provided under the
account, such as guaranteed death benefits.

50% Excise Tax. If you fail to receive the minimum required distribution for any tax year, a 50%
excise tax may be imposed on the required amount that was not distributed.

Lifetime Required Minimum Distributions are not applicable to Roth IRAs during your lifetime. Further
information regarding required minimum distributions may be found in your contract.

Required Distributions Upon Death (Sections 401(a), 401(k), Roth 401(k), 403(a), 403(b), IRAs and
Roth IRAs Only). Different distribution requirements apply after your death, depending upon if you have been
receiving required minimum distributions. Further information regarding required distributions upon death may be
found in your contract.

If your death occurs on or after you begin receiving minimum distributions under the contract, distributions
generally must be made at least as rapidly as under the method in effect at the time of your death. Tax Code Section
401(a)(9) provides specific rules for calculating the required minimum distributions after your death.

If your death occurs before you begin receiving minimum distributions under the contract, your entire balance must
be distributed by December 31 of the calendar year containing the fifth anniversary of the date of your death. For
example, if you died on September 1, 2009, your entire balance must be distributed to the designated beneficiary
by December 31, 2014. However, if distributions begin by December 31 of the calendar year following the
calendar year of your death, and you have named a designated beneficiary, then payments may be made over either
of the following time frames:

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86


                              Over the life of the designated beneficiary; or
Over a period not extending beyond the life expectancy of the designated beneficiary. 
 
                             Start Dates for Spousal Beneficiaries. If the designated beneficiary is your spouse, distributions 
must begin on or before the later of the following: 
 
                               December 31 of the calendar year following the calendar year of your death; or 
                               December 31 of the calendar year in which you would have attained age 70½. 

  No designated beneficiary. If there is no designated beneficiary, the entire interest generally must be
distributed by the end of the calendar containing the fifth anniversary of the contract owner’s death.

Special Rule for IRA Spousal Beneficiaries (IRAs and Roth IRAs Only). In lieu of taking a
distribution under these rules, if the sole designated beneficiary is the contract owner’s surviving spouse, the spousal
beneficiary may elect to treat the contract as his or her own IRA and defer taking a distribution until his or her own
start date. The surviving spouse is deemed to have made such an election if the surviving spouse makes a rollover to
or from the contract or fails to take a distribution within the required time period.

Withholding
Any taxable distributions under the contract are generally subject to withholding. Federal income tax liability
rates vary according to the type of distribution and the recipient’s tax status.

401(a), 401(k), Roth 401(k), 403(a) and 403(b). Generally, distributions from these plans are subject to
mandatory 20% federal income tax withholding. However, mandatory withholding will not be required if you elect
a direct rollover of the distributions to an eligible retirement plan or in the case of certain distributions described in
the Tax Code.

IRAs and Roth IRAs. Generally, you or, if applicable, a designated beneficiary may elect not to have tax
withheld from distributions.

Non-resident Aliens. If you or your designated beneficiary is a non-resident alien, then any withholding is
governed by Tax Code section 1441 based on the individual’s citizenship, the country of domicile and treaty status,
and we may require additional documentation prior to processing any requested distribution.

Assignment and Other Transfers

IRAS and Roth IRAs. The Tax Code does not allow a transfer or assignment of your rights under these
contracts except in limited circumstances. Adverse tax consequences may result if you assign or transfer your
interest in the contract to persons other than your spouse incident to a divorce. Anyone contemplating such an
assignment or transfer should contact a qualified tax adviser regarding the potential tax effects of such a transaction.

Section 403(b) Plans. Adverse tax consequences to the plan and/or to you may result if your beneficial
interest in the contract is assigned or transferred to persons other than:

A plan participant as a means to provide benefit payments; 
An alternate payee under a qualified domestic relations order in accordance with Tax Code section 
414(p); or 
The Company as collateral for a loan. 

  Tax Consequences of Living Benefits and Death Benefit

Living Benefits. Except as otherwise noted below, when a withdrawal from a nonqualified contract occurs
under the ING LifePay Plus or ING LifePay Plus rider, the amount received will be treated as ordinary income
subject to tax up to an amount equal to the excess (if any) of the contract value (unreduced by the amount of any
deferred sales charge) immediately before the distribution over the contract owner’s investment in the contract at
that time.

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Investment in the contract is generally equal to the amount of all contributions to the contract, plus amounts
previously included in your gross income as the result of certain loans, assignments, or gifts, less the aggregate
amount of non-taxable distributions previously made. For nonqualified contracts, the income on the contract for
purposes of calculating the taxable amount of a distribution may be unclear. For example, the living benefits
provided under the ING LifePay Plus or ING Joint LifePay Plus rider, as well as the market value adjustment, could
increase the contract value that applies. Thus, the income on the contract could be higher than the amount of income
that would be determined without regard to such a benefit. As a result, you could have higher amounts of income
than will be reported to you. In addition, payments under any guaranteed payment phase of such riders after the
contract value has been reduced to zero may be subject to the exclusion ratio rules under Tax Code Section 72(b) for
tax purposes.

The tax treatment of partial annuitizations is unclear. We currently treat any partial annuitization, such as those
associated with the minimum guaranteed income benefit as withdrawals rather than annuity payments. Please
consult your tax adviser before electing a partial annuitization.

Enhanced Death Benefits. The Contract offers a death benefit that may exceed the greater of the premium
payments and the contract value. It is possible that the IRS could characterize such a death benefit as other than an
incidental death benefit. In addition, the provision of such benefits may result in currently taxable income to
contract owners, and the presence of the death benefit could affect the amount of required minimum distributions.
Finally, certain charges are imposed with respect to some of the available death benefits. It is possible those charges
(or some portion thereof) could be treated for federal tax purposes as a distribution from the Contract.

Possible Changes in Taxation
Although the likelihood of legislative change and tax reform is uncertain, there is always the possibility that the tax
treatment of the Contracts could change by legislation or other means. It is also possible that any change could be
retroactive (that is, effective before the date of the change). You should consult a tax adviser with respect to
legislative developments and their effect on the Contract.

Same-Sex Marriages
Pursuant to Section 3 of the federal Defense of Marriage Act (“DOMA”), same-sex marriages currently are not
recognized for purposes of federal law. Therefore, the favorable income-deferral options afforded by federal tax law
to an opposite-sex spouse under Code sections 72(s) and 401(a)(9) are currently NOT available to a same-sex
spouse. Same-sex spouses who own or are considering the purchase of annuity products that provide benefits based
upon status as a spouse should consult a qualified tax adviser. In certain states, to the extent that an annuity contract
or certificate offers to spouses other rights or benefits that are not affected by DOMA, same-sex spouses remain
entitled to such rights or benefits to the same extent as any Contract Owner’s spouse.

Taxation of Company
We are taxed as a life insurance company under the Tax Code. The Separate Account is not a separate entity from
us. Therefore, it is not taxed separately as a “regulated investment company,” but is taxed as part of the Company.

We automatically apply investment income and capital gains attributable to the separate account to increase reserves
under the contracts. Because of this, under existing federal tax law we believe that any such income and gains will
not be taxed to the extent that such income and gains are applied to increase reserves under the contracts. In
addition, any foreign tax credits attributable to the separate account will be first used to reduce any income taxes
imposed on the separate account before being used by the Company.

In summary, we do not expect that we will incur any federal income tax liability attributable to the separate account
and we do not intend to make any provision for such taxes. However, changes in federal tax laws and/or their
interpretation may result in our being taxed on income or gains attributable to the separate account. In this case, we
may impose a charge against the separate account (with respect to some or all of the Contracts) to set aside
provisions to pay such taxes. We may deduct this amount from the separate account, including from your account
value invested in the subaccounts.

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<R>
STATEMENT OF ADDITIONAL INFORMATION   
 
 
Table of Contents   
Item  Page 
Introduction  1 
Description of ReliaStar Life Insurance Company of New York  1 
Separate Account NY-B of ReliaStar Life Insurance Company of New York  1 
Safekeeping of Assets  1 
The Administrator  1 
Experts  2 
Distribution of Contracts  2 
Published Ratings  2 
Accumulation Unit Value  2 
Performance Information  3 
Other Information  4 
Financial Statements of ReliaStar Life Insurance Company of New York  C-1 
Financial Statements of Separate Account NY – B of ReliaStar Life Insurance Company of New York  S-1 
Condensed Financial Information (Accumulation Unit Values)  5 

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  Please tear off, complete and return the form below to order a free Statement of Additional
Information for the Contracts offered under the prospectus or the most recent annual report of
ReliaStar Life Insurance Company of New York. Send the form to our Customer Service Center at
the address shown on the prospectus cover.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

PLEASE SEND ME A FREE COPY OF THE STATEMENT OF ADDITIONAL INFORMATION FOR
SEPARATE ACCOUNT NY-B

Please Print or Type:

__________________________________________________
Name

__________________________________________________
Social Security Number

__________________________________________________
Street Address

__________________________________________________
City, State, Zip

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  APPENDIX A

The following tables show the Condensed Financial Information (accumulation unit values for the periods indicated and number of units outstanding) by subaccount for a Contract with the lowest and highest combination of asset-based charges. This information is current through December 31, 2009, including portfolio names, and derives from the financial statements of the Separate Account, which together constitute the Separate Account’s Condensed Financial Information. Complete information is available in the SAI. Contact our Customer Service Center to obtain your copy free of charge. Please ask us about where you can find more timely information.

CONDENSED FINANCIAL INFORMATION

Except for subaccounts which did not commence operations as of December 31, 2009, the following tables give (1) the accumulation unit value ("AUV") at the beginning of the period, (2) the AUV at the end of the period and (3) the total number of accumulation units outstanding at the end of the period for each subaccount of ReliaStar Life Insurance Company of NY Separate Account NY-B available under the Contract for the indicated periods.

  Separate Account Annual Charges of 1.05%       
 
  2009  2008  2007  2006  2005  2004  2003 
 
FIDELITY® VIP CONTRAFUND® PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.53  $18.57  $16.00  $14.51  $12.57  $11.03  $10.00 
Value at end of period  $14.12  $10.53  $18.57  $16.00  $14.51  $12.57  $11.03 
Number of accumulation units outstanding at end of period  9,160  11,829  13,703  14,467  10,615  10,696  5,194 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.84  $13.85  $13.83  $11.65  $11.15  $10.13  $10.00 
Value at end of period  $10.08  $7.84  $13.85  $13.83  $11.65  $11.15  $10.13 
Number of accumulation units outstanding at end of period  5,911  6,136  6,243  12,728  12,851  13,601  5,826 
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.93  $14.60  $14.13  $12.46  $11.95  $11.00  $10.00 
Value at end of period  $11.54  $8.93  $14.60  $14.13  $12.46  $11.95  $11.00 
Number of accumulation units outstanding at end of period  8,855  8,887  9,060  8,448  9,861  8,407  144 
ING AMERICAN FUNDS GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $9.04  $16.39  $14.82  $13.66  $11.94  $10.79   
Value at end of period  $12.40  $9.04  $16.39  $14.82  $13.66  $11.94   
Number of accumulation units outstanding at end of period  10,459  10,818  10,920  10,653  11,813  12,165   
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $12.87  $22.61  $19.14  $16.34  $13.66  $11.76   
Value at end of period  $18.13  $12.87  $22.61  $19.14  $16.34  $13.66   
Number of accumulation units outstanding at end of period  586  671  699  723  844  983   
ING ARTIO FOREIGN PORTFOLIO               
(Fund first available during June 2006)               
Value at beginning of period    $21.00  $18.22  $15.61       
Value at end of period    $11.71  $21.00  $18.22       
Number of accumulation units outstanding at end of period    0  64  64       

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  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING BARON SMALL CAP GROWTH PORTFOLIO               
(Fund first available during August 2005)               
Value at beginning of period  $7.68  $13.21  $12.58  $11.03  $11.00     
Value at end of period  $10.27  $7.68  $13.21  $12.58  $11.03     
Number of accumulation units outstanding at end of period  259  381  406  430  455     
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $7.87  $13.06  $12.36  $11.66  $10.92     
Value at end of period  $10.14  $7.87  $13.06  $12.36  $11.66     
Number of accumulation units outstanding at end of period  1,885  1,886  1,886  1,888  1,889     
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.31             
Value at end of period  $9.84             
Number of accumulation units outstanding at end of period  95             
ING CLARION REAL ESTATE PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $10.86  $17.86  $21.94  $16.11  $13.55     
Value at end of period  $14.61  $10.86  $17.86  $21.94  $16.11     
Number of accumulation units outstanding at end of period  438  529  613  668  583     
ING COLUMBIA SMALL CAP VALUE PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $6.24             
Value at end of period  $8.27             
Number of accumulation units outstanding at end of period  320             
ING EVERGREEN HEALTH SCIENCES PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $9.27  $13.13  $12.23  $10.85  $9.93  $8.61   
Value at end of period  $11.01  $9.27  $13.13  $12.23  $10.85  $9.93   
Number of accumulation units outstanding at end of period  3,539  3,475  3,615  3,642  6,400  880   
ING EVERGREEN OMEGA PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.95  $12.48  $11.30  $10.82  $10.54     
Value at end of period  $12.61  $8.95  $12.48  $11.30  $10.82     
Number of accumulation units outstanding at end of period  1,063  1,063  1,063  1,063  1,062     
ING FRANKLIN INCOME PORTFOLIO               
(Fund first available during December 2006)               
Value at beginning of period  $7.79  $11.12  $10.95  $10.94       
Value at end of period  $10.17  $7.79  $11.12  $10.95       
Number of accumulation units outstanding at end of period  1,238  0  1,690  1,878       
ING FRANKLIN MUTUAL SHARES PORTFOLIO               
(Funds were first received in this option during August 2007)               
Value at beginning of period  $7.34  $11.92  $11.71         
Value at end of period  $9.18  $7.34  $11.92         
Number of accumulation units outstanding at end of period  861  2,264  2,470         
ING GLOBAL RESOURCES PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $12.41  $21.25  $16.12  $16.27       
Value at end of period  $16.88  $12.41  $21.25  $16.12       
Number of accumulation units outstanding at end of period  1,529  1,531  243  177       

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  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING GROWTH AND INCOME PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.16             
Value at end of period  $7.88             
Number of accumulation units outstanding at end of period  3,183             
ING INDEX PLUS LARGECAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.47  $12.05  $11.63  $10.28  $9.88  $9.06  $10.00 
Value at end of period  $9.09  $7.47  $12.05  $11.63  $10.28  $9.88  $9.06 
Number of accumulation units outstanding at end of period  8,407  9,181  13,755  14,665  15,902  17,336  2,261 
ING INDEX PLUS MIDCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.83  $15.96  $15.33  $14.19  $12.94  $11.24  $10.00 
Value at end of period  $12.79  $9.83  $15.96  $15.33  $14.19  $12.94  $11.24 
Number of accumulation units outstanding at end of period  1,950  3,194  4,643  4,910  5,208  5,699  2,393 
ING INDEX PLUS SMALLCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.16  $15.48  $16.73  $14.90  $14.02  $11.64  $10.00 
Value at end of period  $12.52  $10.16  $15.48  $16.73  $14.90  $14.02  $11.64 
Number of accumulation units outstanding at end of period  218  218  942  1,659  1,840  1,842  1,049 
ING INTERMEDIATE BOND PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $9.83  $10.87  $10.40  $10.00       
Value at end of period  $10.82  $9.83  $10.87  $10.40       
Number of accumulation units outstanding at end of period  2,651  0  1,815  1,945       
ING INTERNATIONAL INDEX PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.07             
Value at end of period  $7.67             
Number of accumulation units outstanding at end of period  1,250             
ING JANUS CONTRARIAN PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $9.68  $19.17  $16.03  $14.22       
Value at end of period  $13.07  $9.68  $19.17  $16.03       
Number of accumulation units outstanding at end of period  2,096  2,098  2,549  406       
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during April 2006)               
Value at beginning of period  $12.22  $25.34  $18.49  $16.05       
Value at end of period  $20.74  $12.22  $25.34  $18.49       
Number of accumulation units outstanding at end of period  610  1,606  1,896  2,026       
ING JPMORGAN MID CAP VALUE PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $11.71  $17.67  $17.45  $15.14  $14.10  $11.82  $10.00 
Value at end of period  $14.56  $11.71  $17.67  $17.45  $15.14  $14.10  $11.82 
Number of accumulation units outstanding at end of period  1,823  1,121  1,834  1,980  2,059  1,643  1,642 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.39  $14.99  $15.41  $13.35  $13.01  $10.44  $10.00 
Value at end of period  $13.09  $10.39  $14.99  $15.41  $13.35  $13.01  $10.44 
Number of accumulation units outstanding at end of period  793  960  1,170  2,451  2,307  1,799  185 

Empire Traditions

A3


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.18  $13.63  $14.04  $12.90  $11.63     
Value at end of period  $10.69  $8.18  $13.63  $14.04  $12.90     
Number of accumulation units outstanding at end of period  574  575  575  575  575     
ING LIQUID ASSETS PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $18.35  $18.10  $17.43  $16.99       
Value at end of period  $18.22  $18.35  $18.10  $17.43       
Number of accumulation units outstanding at end of period  73,578  58,287  717  102       
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO               
(Fund first available during September 2005)               
Value at beginning of period  $9.10  $18.22  $15.27  $12.45  $11.23     
Value at end of period  $12.40  $9.10  $18.22  $15.27  $12.45     
Number of accumulation units outstanding at end of period  1,019  1,219  1,819  2,008  1,435     
ING MFS TOTAL RETURN PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $22.43  $29.19  $28.36  $25.61  $25.15  $22.87  $10.00 
Value at end of period  $26.16  $22.43  $29.19  $28.36  $25.61  $25.15  $22.87 
Number of accumulation units outstanding at end of period  4,086  3,722  5,912  5,626  5,933  5,121  1,397 
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $8.75  $14.82  $14.05  $12.03  $10.06     
Value at end of period  $12.08  $8.75  $14.82  $14.05  $12.03     
Number of accumulation units outstanding at end of period  2,192  3,548  3,746  3,925  4,136     
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $10.00  $16.97  $16.13  $13.86  $12.37  $10.87  $10.00 
Value at end of period  $13.79  $10.00  $16.97  $16.13  $13.86  $12.37  $10.87 
Number of accumulation units outstanding at end of period  104  811  812  813  202  3,726  1,123 
ING PIMCO HIGH YIELD PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.42  $12.29  $12.07  $11.20  $10.85  $10.00   
Value at end of period  $13.92  $9.42  $12.29  $12.07  $11.20  $10.85   
Number of accumulation units outstanding at end of period  2,074  2,074  5,386  6,722  6,615  6,112   
ING PIMCO TOTAL RETURN BOND PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $16.38  $15.88  $14.73  $14.27  $14.07  $13.56  $10.00 
Value at end of period  $18.54  $16.38  $15.88  $14.73  $14.27  $14.07  $13.56 
Number of accumulation units outstanding at end of period  7,844  6,600  8,528  8,574  8,560  8,679  2,680 
ING RETIREMENT GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.22             
Value at end of period  $9.38             
Number of accumulation units outstanding at end of period  1,021             
ING RETIREMENT MODERATE GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.50             
Value at end of period  $9.64             
Number of accumulation units outstanding at end of period  23,734             

Empire Traditions

A4


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING RETIREMENT MODERATE PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.75             
Value at end of period  $9.87             
Number of accumulation units outstanding at end of period  2,277             
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $10.85             
Value at end of period  $12.72             
Number of accumulation units outstanding at end of period  3,157             
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $6.99             
Value at end of period  $8.22             
Number of accumulation units outstanding at end of period  1,637             
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $10.65             
Value at end of period  $12.54             
Number of accumulation units outstanding at end of period  965             
ING RUSSELLTM MID CAP INDEX PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $8.32             
Value at end of period  $8.50             
Number of accumulation units outstanding at end of period  80             
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO               
(Funds were first received in this option during September 2008)               
Value at beginning of period  $6.99  $10.06           
Value at end of period  $8.74  $6.99           
Number of accumulation units outstanding at end of period  3,530  3,531           
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.27  $12.92  $12.51  $11.03  $10.79     
Value at end of period  $12.22  $9.27  $12.92  $12.51  $11.03     
Number of accumulation units outstanding at end of period  1,548  1,473  414  438  463     
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period    $13.86  $13.59  $11.53  $11.02     
Value at end of period    $8.82  $13.86  $13.59  $11.53     
Number of accumulation units outstanding at end of period    0  486  486  540     
ING TEMPLETON FOREIGN EQUITY PORTFOLIO               
(Fund first available during May 2006)               
Value at beginning of period  $7.51  $12.78  $11.21  $9.79       
Value at end of period  $9.80  $7.51  $12.78  $11.21       
Number of accumulation units outstanding at end of period  821  1,869  1,870  1,871       
ING U.S. BOND INDEX PORTFOLIO               
(Funds were first received in this option during September 2008)               
Value at beginning of period  $10.23  $10.00           
Value at end of period  $10.68  $10.23           
Number of accumulation units outstanding at end of period  663  62           

Empire Traditions

A5


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.10  $13.65  $13.66  $12.08  $11.17     
Value at end of period  $10.55  $8.10  $13.65  $13.66  $12.08     
Number of accumulation units outstanding at end of period  598  598  598  598  598     
ING VAN KAMPEN COMSTOCK PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $8.80  $14.00  $14.47  $12.62  $12.33  $10.67  $10.00 
Value at end of period  $11.19  $8.80  $14.00  $14.47  $12.62  $12.33  $10.67 
Number of accumulation units outstanding at end of period  7,165  6,489  6,843  6,890  7,029  6,994  5,965 
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO               
(Funds were first received in this option during June 2009)               
Value at beginning of period  $8.81             
Value at end of period  $10.68             
Number of accumulation units outstanding at end of period  567             
PROFUND VP RISING RATES OPPORTUNITY               
(Fund first available during September 2003)               
Value at beginning of period  $4.73  $7.70  $8.21  $7.54  $8.27  $8.75   
Value at end of period  $6.19  $4.73  $7.70  $8.21  $7.54  $8.27   
Number of accumulation units outstanding at end of period  679  687  3,057  3,231  528  528   
 
 
 
  Separate Account Annual Charges of 2.10%       
 
  2009  2008  2007  2006  2005  2004   
 
AIM V.I. LEISURE FUND               
(Fund first available during May 2003)               
Value at beginning of period  $7.56  $13.56  $13.96  $11.44  $11.71     
Value at end of period  $9.83  $7.56  $13.56  $13.96  $11.44     
Number of accumulation units outstanding at end of period  1,968  2,072  1,735  1,934  1,026     
BLACKROCK GLOBAL ALLOCATION V.I. FUND               
(Funds were first received in this option during September 2008)               
Value at beginning of period  $7.95  $9.11           
Value at end of period  $9.41  $7.95           
Number of accumulation units outstanding at end of period  3,273  2,087           
FIDELITY® VIP CONTRAFUND® PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.05  $16.13  $14.04  $12.87  $11.27  $11.03   
Value at end of period  $12.00  $9.05  $16.13  $14.04  $12.87  $11.27   
Number of accumulation units outstanding at end of period  4,919  5,528  5,426  2,689  925  138   
FIDELITY® VIP EQUITY-INCOME PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.33  $13.10  $13.21  $11.25  $10.92     
Value at end of period  $9.32  $7.33  $13.10  $13.21  $11.25     
Number of accumulation units outstanding at end of period  2,874  2,953  1,735  1,468  791     

Empire Traditions

A6


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during February 2008)             
Value at beginning of period  $8.79  $10.01         
Value at end of period  $9.65  $8.79         
Number of accumulation units outstanding at end of period  8,877  5,198         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.78  $12.86  $12.57  $11.20  $10.86  $10.64 
Value at end of period  $9.94  $7.78  $12.86  $12.57  $11.20  $10.86 
Number of accumulation units outstanding at end of period  16,185  12,582  9,576  4,148  959  143 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.14  $14.93  $13.65  $12.71  $11.23  $10.90 
Value at end of period  $11.06  $8.14  $14.93  $13.65  $12.71  $11.23 
Number of accumulation units outstanding at end of period  87,630  90,878  90,235  4,612  1,046  420 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $10.37  $18.41  $15.75  $13.59  $11.59   
Value at end of period  $14.45  $10.37  $18.41  $15.75  $13.59   
Number of accumulation units outstanding at end of period  7,563  7,898  8,465  4,059  885   
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $10.73  $19.44  $17.05  $14.13     
Value at end of period  $12.63  $10.73  $19.44  $17.05     
Number of accumulation units outstanding at end of period  4,928  5,688  4,038  618     
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $7.38  $12.83  $12.36  $11.57     
Value at end of period  $9.77  $7.38  $12.83  $12.36     
Number of accumulation units outstanding at end of period  3,093  3,615  2,189  548     
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.01           
Value at end of period  $10.53           
Number of accumulation units outstanding at end of period  1,421           
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.57  $12.69  $13.12       
Value at end of period  $9.65  $7.57  $12.69       
Number of accumulation units outstanding at end of period  4,093  4,010  771       
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.47  $9.99         
Value at end of period  $9.67  $6.47         
Number of accumulation units outstanding at end of period  3,161  1,455         
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.08  $12.30  $14.45       
Value at end of period  $9.24  $7.08  $12.30       
Number of accumulation units outstanding at end of period  3,831  4,154  1,411       

Empire Traditions

A7


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
Value at beginning of period  $8.84  $14.69  $18.25       
Value at end of period  $11.76  $8.84  $14.69       
Number of accumulation units outstanding at end of period  536  551  545       
ING COLUMBIA SMALL CAP VALUE PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.51  $10.09  $10.68       
Value at end of period  $7.95  $6.51  $10.09       
Number of accumulation units outstanding at end of period  964  939  967       
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Funds were first received in this option during February 2007)             
Value at beginning of period  $6.70  $11.26  $11.31       
Value at end of period  $8.63  $6.70  $11.26       
Number of accumulation units outstanding at end of period  8,374  8,370  3,580       
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Funds were first received in this option during November 2008)             
Value at beginning of period  $9.64  $8.71         
Value at end of period  $11.33  $9.64         
Number of accumulation units outstanding at end of period  242  211         
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $8.75  $14.68  $14.13       
Value at end of period  $11.92  $8.75  $14.68       
Number of accumulation units outstanding at end of period  1,791  1,718  2,576       
ING FRANKLIN INCOME PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.57  $10.93  $11.46       
Value at end of period  $9.78  $7.57  $10.93       
Number of accumulation units outstanding at end of period  976  267  15,862       
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.21  $11.83  $12.53       
Value at end of period  $8.93  $7.21  $11.83       
Number of accumulation units outstanding at end of period  1,063  1,686  1,785       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.02  $9.56  $10.19       
Value at end of period  $7.68  $6.02  $9.56       
Number of accumulation units outstanding at end of period  3,153  2,306  2,267       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $11.93  $20.65  $15.83  $13.98     
Value at end of period  $16.06  $11.93  $20.65  $15.83     
Number of accumulation units outstanding at end of period  4,702  3,225  1,360  449     
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.03           
Value at end of period  $7.71           
Number of accumulation units outstanding at end of period  5,621           

Empire Traditions

A8


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $13.22           
Value at end of period  $12.90           
Number of accumulation units outstanding at end of period  231           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $7.93  $12.94  $12.62  $11.65     
Value at end of period  $9.55  $7.93  $12.94  $12.62     
Number of accumulation units outstanding at end of period  75  75  75  75     
ING INDEX PLUS MIDCAP PORTFOLIO             
Value at beginning of period  $8.30  $13.61  $13.21       
Value at end of period  $10.68  $8.30  $13.61       
Number of accumulation units outstanding at end of period  1,188  1,197  1,368       
ING INDEX PLUS SMALLCAP PORTFOLIO             
Value at beginning of period  $8.13  $12.51  $13.67       
Value at end of period  $9.90  $8.13  $12.51       
Number of accumulation units outstanding at end of period  671  672  68       
ING INTERMEDIATE BOND PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $9.45  $10.57  $10.18       
Value at end of period  $10.29  $9.45  $10.57       
Number of accumulation units outstanding at end of period  4,304  4,170  2,491       
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $5.71           
Value at end of period  $7.53           
Number of accumulation units outstanding at end of period  152           
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $9.56  $19.15  $16.18  $14.03     
Value at end of period  $12.78  $9.56  $19.15  $16.18     
Number of accumulation units outstanding at end of period  581  1,109  251  452     
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $11.75  $24.62  $18.16  $14.54     
Value at end of period  $19.73  $11.75  $24.62  $18.16     
Number of accumulation units outstanding at end of period  2,108  2,235  2,483  449     
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.04  $13.19  $13.70  $12.00  $11.49   
Value at end of period  $11.27  $9.04  $13.19  $13.70  $12.00   
Number of accumulation units outstanding at end of period  5,373  5,335  4,846  3,681  1,562   
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.37  $12.42  $13.66       
Value at end of period  $9.53  $7.37  $12.42       
Number of accumulation units outstanding at end of period  399  394  380       

Empire Traditions

A9


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING LIQUID ASSETS PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $10.60  $10.61         
Value at end of period  $10.41  $10.60         
Number of accumulation units outstanding at end of period  2,840  19,925         
ING MARSICO GROWTH PORTFOLIO             
(Funds were first received in this option during September 2007)             
Value at beginning of period  $8.15  $13.95  $13.99       
Value at end of period  $10.29  $8.15  $13.95       
Number of accumulation units outstanding at end of period  363  367  371       
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $8.75  $15.14         
Value at end of period  $11.79  $8.75         
Number of accumulation units outstanding at end of period  243  892         
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.17  $12.06  $11.84  $10.81  $10.70   
Value at end of period  $10.58  $9.17  $12.06  $11.84  $10.81   
Number of accumulation units outstanding at end of period  7,162  4,896  2,391  2,040  1,148   
ING MFS UTILITIES PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $11.05  $18.11  $14.53  $11.73     
Value at end of period  $14.36  $11.05  $18.11  $14.53     
Number of accumulation units outstanding at end of period  2,850  3,369  2,890  535     
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $9.02  $15.49  $14.88  $12.92  $11.75   
Value at end of period  $12.31  $9.02  $15.49  $14.88  $12.92   
Number of accumulation units outstanding at end of period  4,851  4,534  4,291  1,968  813   
ING PIMCO HIGH YIELD PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $8.72  $11.50  $11.79       
Value at end of period  $12.76  $8.72  $11.50       
Number of accumulation units outstanding at end of period  905  961  1,827       
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $11.29  $11.06  $10.31       
Value at end of period  $12.64  $11.29  $11.06       
Number of accumulation units outstanding at end of period  15,268  11,396  2,841       
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.07  $12.32  $11.93  $10.84  $10.82   
Value at end of period  $9.88  $8.07  $12.32  $11.93  $10.84   
Number of accumulation units outstanding at end of period  3,510  3,309  3,370  3,318  1,743   
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.24           
Value at end of period  $8.30           
Number of accumulation units outstanding at end of period  299           

Empire Traditions

A10


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.36           
Number of accumulation units outstanding at end of period  24,574           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.62           
Number of accumulation units outstanding at end of period  9,766           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.85           
Number of accumulation units outstanding at end of period  54,373           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.82           
Value at end of period  $12.62           
Number of accumulation units outstanding at end of period  358           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $6.90           
Value at end of period  $8.07           
Number of accumulation units outstanding at end of period  4,733           
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.62           
Value at end of period  $12.45           
Number of accumulation units outstanding at end of period  552           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.54           
Value at end of period  $12.93           
Number of accumulation units outstanding at end of period  1,046           
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $6.93  $10.00         
Value at end of period  $8.58  $6.93         
Number of accumulation units outstanding at end of period  0  665         
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.11  $10.11         
Value at end of period  $8.86  $7.11         
Number of accumulation units outstanding at end of period  618  383         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.91  $12.56  $12.29  $10.95  $10.64   
Value at end of period  $11.62  $8.91  $12.56  $12.29  $10.95   
Number of accumulation units outstanding at end of period  9,101  5,703  2,985  2,156  912   

Empire Traditions

A11


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.29  $13.16  $13.05  $11.19  $10.99   
Value at end of period  $10.14  $8.29  $13.16  $13.05  $11.19   
Number of accumulation units outstanding at end of period  5,965  2,852  1,995  385  105   
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $5.71  $10.12  $10.29       
Value at end of period  $7.98  $5.71  $10.12       
Number of accumulation units outstanding at end of period  3,233  2,850  2,772       
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.30  $12.55  $12.20       
Value at end of period  $9.42  $7.30  $12.55       
Number of accumulation units outstanding at end of period  1,178  1,226  392       
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $8.09  $13.69  $14.69       
Value at end of period  $10.47  $8.09  $13.69       
Number of accumulation units outstanding at end of period  2,135  2,030  1,298       
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.15           
Value at end of period  $10.48           
Number of accumulation units outstanding at end of period  213           
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $7.70  $13.12  $13.28  $12.17     
Value at end of period  $9.92  $7.70  $13.12  $13.28     
Number of accumulation units outstanding at end of period  36  36  36  36     
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.60  $12.23  $12.78  $11.27  $11.05   
Value at end of period  $9.57  $7.60  $12.23  $12.78  $11.27   
Number of accumulation units outstanding at end of period  5,419  5,449  5,434  3,025  797   
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.00  $12.02  $11.89  $10.81  $10.86   
Value at end of period  $10.78  $9.00  $12.02  $11.89  $10.81   
Number of accumulation units outstanding at end of period  3,658  3,362  109  110  109   
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.37  $12.61  $12.56  $11.06  $10.78   
Value at end of period  $10.15  $8.37  $12.61  $12.56  $11.06   
Number of accumulation units outstanding at end of period  891  201  203  728  170   
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX             
PORTFOLIO             
(Funds were first received in this option during February 2008)             
Value at beginning of period  $6.04  $9.65         
Value at end of period  $7.68  $6.04         
Number of accumulation units outstanding at end of period  1,595  1,607         

Empire Traditions

A12


APPENDIX B 

The Investment Portfolios 

<R>

During the accumulation phase, you may allocate your premium payments and contract value to any of the
investment portfolios available under this Contract. They are listed in this appendix, plus any Fixed Interest
Allocation. You bear the entire investment risk for amounts you allocate to any investment portfolio, and you may
lose your principal.

The investment results of the mutual funds (funds) are likely to differ significantly and there is no assurance that any
of the funds will achieve their respective investment objectives. You should consider the investment objectives, risks
and charges and expenses of the funds carefully before investing. Please refer to the fund prospectuses for this and
additional information.

Shares of the funds will rise and fall in value and you could lose money by investing in the funds. Shares of the funds are
not bank deposits and are not guaranteed, endorsed or insured by any financial institution, the Federal Deposit Insurance
Corporation or any other government agency. Except as noted, all funds are diversified, as defined under the Investment
Company Act of 1940. Fund prospectuses may be obtained free of charge, from our Customer Service Center at the address
and telephone number listed in the prospectus, by accessing the SEC’s web site or by contacting the SEC Public Reference
Room. If you received a summary prospectus for any of the funds available through your contract, you may also obtain a
full prospectus and other fund information free of charge by either accessing the internet address, calling the telephone
number or sending an email request to the contact information shown on the front of the fund's summary prospectus.

Certain funds offered under the contracts have investment objectives and policies similar to other funds managed by
the fund’s investment adviser. The investment results of a fund may be higher or lower than those of other funds
managed by the same adviser. There is no assurance and no representation is made that the investment results of any
fund will be comparable to those of another fund managed by the same investment adviser.

Certain funds are designated as “Master-Feeder” or “Retirement Funds.” Funds offered in a Master-Feeder
structure (such as the American Funds) or fund of funds structure (such as the Retirement Funds) may have
higher fees and expenses than a fund that invests directly in debt and equity securities. Consult with your
investment professional to determine if the investment portfolios may be suited to your financial needs, investment
time horizon and risk tolerance. You should periodically review these factors to determine if you need to change
your investment strategy.

</R> <R>
The following table highlights name changes. 
 
 List of Fund Name Changes   
 Former Fund Name     Current Fund Name 
 ING Focus 5 Portfolio     ING DFA Global All Equity Portfolio 
 ING Dow Jones EURO STOXX 50® Index Portfolio     ING EURO STOXX 50® Index Portfolio 
 ING Japan Equity Index Portfolio     ING Japan TOPIX Index® Portfolio 
 ING Van Kampen Global Franchise Portfolio     ING Morgan Stanley Global Franchise Portfolio 
 ING Van Kampen Global Tactical Asset Allocation Portfolio     ING Morgan Stanley Global Tactical Asset Allocation Portfolio 
 ING Evergreen Health Sciences Portfolio     ING Wells Fargo Health Care Portfolio 
 ING Evergreen Omega Portfolio     ING Wells Fargo Omega Growth Portfolio 

</R> <R>

ING Empire Traditions –155279

</R>

B1


<R> </R> <R> </R> <R>
 Fund Name and   
 Investment Adviser/Subadviser  Investment Objective 
 ING Investors Trust   
           7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
 ING American Funds Asset Allocation Portfolio  Seeks high total return (including income and capital gains) 
  consistent with preservation of capital over the long term. 
       Investment Adviser: ING Investments, LLC   
       Investment Adviser to Master Funds: Capital Research   
       Management Company   
 
 ING American Funds Bond Portfolio  Seeks to maximize your level of current income and preserve 
  your capital. 
       Investment Adviser: ING Investments, LLC   
       Investment Adviser to Master Funds: Capital Research   
       Management Company   
 
 ING American Funds Growth Portfolio  Seeks to make your investment grow. 
 
       Investment Adviser: ING Investments, LLC   
       Investment Adviser to Master Funds: Capital Research   
       Management Company   
 
 ING American Funds Growth-Income Portfolio  Seeks to make your investment grow and provide you with 
  income over time. 
       Investment Adviser: ING Investments, LLC   
       Investment Adviser to Master Funds: Capital Research   
       Management Company   

</R> <R>

ING Empire Traditions –155279

</R>

B2


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING American Funds International Portfolio  Seeks to make your investment grow over time. 
 
   Investment Adviser: ING Investments, LLC   
   Investment Adviser to Master Funds: Capital Research   
   Management Company   
 
ING American Funds World Allocation Portfolio  Seeks long-term growth of capital. 
 
     Investment Adviser: Directed Services LLC   
     Asset Allocation Committee   
 
ING Artio Foreign Portfolio  Seeks long-term growth of capital. 
 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Artio Global Management LLC   
 
ING BlackRock Inflation Protected Bond Portfolio  A non-diversified Portfolio that seeks to maximize real return, 
  consistent with preservation of real capital and prudent 
     Investment Adviser: Directed Services LLC  investment management. 
     Investment Subadviser: BlackRock Financial   
     Management, Inc.   
 
ING BlackRock Large Cap Growth Portfolio  Seeks long-term growth of capital. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: BlackRock Investment   
   Management, LLC   
 
ING DFA Global All Equity Portfolio  Seeks long-term capital appreciation. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Dimensional Fund Advisors LP   
 
ING FMRSM Diversified Mid Cap Portfolio*  Seeks long-term growth of capital. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Fidelity Management &   
   Research Company   
 
* FMRSM is a service mark of Fidelity Management &   
   Research Company   
 
ING Franklin Income Portfolio  Seeks to maximize income while maintaining prospects for 
  capital appreciation. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Franklin Advisers, Inc.   

</R> <R>

ING Empire Traditions –155279

</R>

B3


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Franklin Mutual Shares Portfolio  Seeks capital appreciation and secondarily, income. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Franklin Mutual Advisers, LLC   
 
ING Franklin Templeton Founding Strategy Portfolio  Seeks capital appreciation and secondarily, income. 
 
   Investment Adviser: Directed Services LLC   
 
ING JPMorgan Small Cap Core Equity Portfolio  Seeks capital growth over the long term. 
 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: J.P. Morgan Investment   
     Management Inc.   
 
ING Liquid Assets Portfolio  Seeks a high level of current income consistent with the 
  preservation of capital and liquidity. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING Marsico Growth Portfolio  Seeks capital appreciation. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Marsico Capital Management,   
   LLC   
 
ING MFS Total Return Portfolio  Seeks above-average income (compared to a portfolio entirely 
  invested in equity securities) consistent with the prudent 
   Investment Adviser: Directed Services LLC  employment of capital. Secondarily seeks reasonable 
   Investment Subadviser: Massachusetts Financial  opportunity for growth of capital and income. 
   Services Company   
 
ING MFS Utilities Portfolio  Seeks total return. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Massachusetts Financial   
   Services Company   
 
ING Morgan Stanley Global Franchise Portfolio  A non-diversified Portfolio that seeks long-term capital 
  appreciation. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Morgan Stanley Investment   
   Management Inc.   

</R> <R>

ING Empire Traditions –155279

</R>

B4


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Morgan Stanley Global Tactical Asset Allocation  Seeks capital appreciation over time. 
Portfolio   
 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Morgan Stanley Investment   
     Management Inc.   
 
ING Oppenheimer Active Allocation Portfolio  Seeks long-term growth of capital with a secondary objective 
  of current income. 
     Investment Adviser: ING Investments, LLC   
     Investment Subadviser: OppenheimerFunds, Inc.   
 
ING PIMCO High Yield Portfolio  Seeks maximum total return, consistent with preservation of 
  capital and prudent investment management. 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Pacific Investment Management   
     Company LLC   
 
ING PIMCO Total Return Bond Portfolio  Seeks maximum total return, consistent with preservation of 
  capital and prudent investment management. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Pacific Investment Management   
   Company LLC   
 
ING Pioneer Fund Portfolio  Seeks reasonable income and capital growth. 
 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Pioneer Investment   
     Management, Inc.   
 
ING Pioneer Mid Cap Value Portfolio  Seeks capital appreciation. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Pioneer Investment   
   Management, Inc.   
 
ING Retirement Conservative Portfolio  Seeks a high level of total return (consisting of capital 
  appreciation and income) consistent with a conservative level 
     Investment Adviser: Directed Services LLC  of risk relative to the other ING Retirement Portfolios. 
     Asset Allocation Committee   
 
ING Retirement Growth Portfolio  Seeks a high level of total return (consisting of capital 
  appreciation and income) consistent with a level of risk that 
   Investment Adviser: Directed Services LLC  can be expected to be greater than that of ING Retirement 
  Moderate Growth Portfolio. 
   Asset Allocation Committee   

</R> <R>

ING Empire Traditions –155279

</R>

B5


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Retirement Moderate Growth Portfolio  Seeks a high level of total return (consisting of capital 
  appreciation and income) consistent with a level of risk that 
   Investment Adviser: Directed Services LLC  can be expected to be greater than that of ING Retirement 
  Moderate Portfolio but less than that of ING Retirement 
   Asset Allocation Committee  Growth Portfolio. 
 
ING Retirement Moderate Portfolio  Seeks a high level of total return (consisting of capital 
  appreciation and income) consistent with a level of risk that 
   Investment Adviser: Directed Services LLC  can be expected to be greater than that of ING Retirement 
  Conservative Portfolio but less than that of ING Retirement 
   Asset Allocation Committee  Moderate Growth Portfolio. 
 
ING Templeton Global Growth Portfolio  Seeks capital appreciation. Current income is only an 
  incidental consideration. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Templeton Global Advisors   
   Limited   
 
ING T. Rowe Price Capital Appreciation Portfolio  Seeks, over the long-term, a high total investment return, 
  consistent with the preservation of capital and prudent 
   Investment Adviser: Directed Services LLC  investment risk. 
   Investment Subadviser: T. Rowe Price Associates, Inc.   
 
ING T. Rowe Price Equity Income Portfolio  Seeks substantial dividend income as well as long-term growth 
  of capital. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: T. Rowe Price Associates, Inc.   
 
ING Van Kampen Growth and Income Portfolio  Seeks long-term growth of capital and income. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Van Kampen   
 
ING Wells Fargo Health Care Portfolio  A non-diversified Portfolio that seeks long-term capital 
  growth. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Wells Capital Management Inc.   
 
ING Wells Fargo Omega Growth Portfolio  Seeks long-term capital growth. 
 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Wells Capital Management Inc.   

</R> <R>

ING Empire Traditions –155279

</R>

B6


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Partners, Inc.   
         7337 East Doubletree Ranch Road, Scottsdale, AZ 85258   
ING Baron Small Cap Growth Portfolio  Seeks capital appreciation. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: BAMCO, Inc.   
 
ING Davis New York Venture Portfolio  Seeks long-term growth of capital. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Davis Selected Advisers, L.P.   
 
ING JPMorgan Mid Cap Value Portfolio  Seeks growth from capital appreciation. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: J.P. Morgan Investment   
   Management Inc.   
 
ING Templeton Foreign Equity Portfolio  Seeks long-term capital growth. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Templeton Investment Counsel,   
   LLC   
 
ING T. Rowe Price Growth Equity Portfolio  Seeks long-term capital growth, and secondarily, increasing 
  dividend income. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: T. Rowe Price Associates, Inc.   
 
ING Van Kampen Comstock Portfolio  Seeks capital growth and income. 
 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Van Kampen   
 
ING Van Kampen Equity and Income Portfolio  Seeks total return, consisting of long-term capital appreciation 
  and current income. 
   Investment Adviser: Directed Services LLC   
   Investment Subadviser: Van Kampen   
 
ING Variable Funds   
   7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING Growth and Income Portfolio  Seeks to maximize total return through investments in a 
  diversified portfolio of common stocks. It is anticipated that 
   Investment Adviser: ING Investments, LLC  capital appreciation and investment income will both be major 
   Investment Subadviser: ING Investment Management  factors in achieving total return. 
   Co.   

</R> <R>

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<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Variable Portfolios, Inc.   
         7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING BlackRock Science and Technology Opportunities  Seeks long-term capital appreciation. 
     Portfolio   
 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: BlackRock Advisors, LLC   
 
ING EURO STOXX 50® Index Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
  the EURO STOXX 50® Index. 
     Investment Adviser: ING Investments, LLC   
     Investment Subadviser: ING Investment Management   
     Co.   
 
ING FTSE 100 Index® Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
     Investment Adviser: ING Investments, LLC  the FTSE 100 Index®. 
     Investment Subadviser: ING Investment Management   
     Co.   
 
ING Hang Seng Index Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
     Investment Adviser: ING Investments, LLC  the Hang Seng Index. 
     Investment Subadviser: ING Investment Management   
     Co.   
 
ING International Index Portfolio  Seeks investment results (before fees and expenses) that 
  correspond to the total return of a widely accepted 
   Investment Adviser: ING Investments, LLC  International Index. 
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING Japan TOPIX Index® Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
  the Tokyo Stock Price Index®. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING Russell™ Large Cap Growth Index Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
  the Russell Top 200® Growth Index. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING RussellTM Large Cap Index Portfolio  Seeks investment results (before fees and expenses) that 
  correspond to the total return of the Russell Top 200® Index. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   

</R> <R>

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B8


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Russell™ Large Cap Value Index Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
     Investment Adviser: ING Investments, LLC  the Russell Top 200® Value Index. 
     Investment Subadviser: ING Investment Management   
     Co.   
 
ING Russell™ Mid Cap Growth Index Portfolio  A non-diversified Portfolio that seeks investment results 
  (before fees and expenses) that correspond to the total return of 
  the Russell Midcap® Growth Index. 
     Investment Adviser: ING Investments, LLC   
     Investment Subadviser: ING Investment Management   
     Co.   
 
ING RussellTM Mid Cap Index Portfolio  Seeks investment results (before fees and expenses) that 
  correspond to the total return of the Russell Midcap® Index. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING RussellTM Small Cap Index Portfolio  Seeks investment results (before fees and expenses) that 
  correspond to the total return of the Russell 2000® Index. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING Small Company Portfolio  Seeks growth of capital primarily through investment in a 
  diversified portfolio of common stocks of companies with 
   Investment Adviser: ING Investments, LLC  smaller market capitalizations. 
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING U.S. Bond Index Portfolio  Seeks investment results (before fees and expenses) that 
  correspond to the total return of the Barclays Capital U.S. 
   Investment Adviser: ING Investments, LLC  Aggregate Bond Index. 
   Investment Subadviser: Neuberger Berman Fixed   
   Income LLC   
 
ING WisdomTreeSM Global High-Yielding Equity Index  Seeks investment returns that closely correspond to the price 
   Portfolio*  and yield performance, (before fees and expenses) of the 
  WisdomTreeSM Global High-Yielding Equity Index. 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
* WisdomTreeSM is a servicemark of WisdomTree   
   Investments   

</R> <R>

ING Empire Traditions –155279

</R>

B9


<R>
Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Variable Products Trust   
         7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING MidCap Opportunities Portfolio  Seeks long-term capital appreciation. 
 
   Investment Adviser: ING Investments, LLC   
   Investment Subadviser: ING Investment Management   
   Co.   
 
ING Intermediate Bond Portfolio   
         7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING Intermediate Bond Portfolio  Seeks to maximize total return consistent with reasonable risk. 
  The Portfolio seeks its objective through investments in a 
   Investment Adviser: ING Investments, LLC  diversified portfolio consisting primarily of debt securities. It 
  is anticipated that capital appreciation and investment income 
   Investment Subadviser: ING Investment Management  will both be major factors in achieving total return. 
   Co.   
 
BlackRock Variable Series Funds, Inc.   
         800 Scudders Mill Road, Plainsboro, NJ 08536   
BlackRock Global Allocation V.I. Fund  The fund seeks to provide high total return through a fully 
  managed investment policy utilizing U.S. and foreign equity, 
   Investment Adviser: BlackRock Advisors, LLC  debt and money market instruments, the combination of which 
  will be varied from time to time both with respect to types of 
   Investment Subadviser: BlackRock Investment  securities and markets in response to changing market and 
   Management, LLC; BlackRock Asset Management U.K.  economic trends. 
   Limited   

</R> <R>

ING Empire Traditions –155279

</R>

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<R> </R>

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and
have been licensed for use by ReliaStar Life Insurance Company of New York. The product is not sponsored, endorsed, sold or promoted by
Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the product.

<R>

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B27


The Hang Seng Index (the “Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to
a license from Hang Seng Data Services Limited. The mark and name of the Hang Seng Index are proprietary to
Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited
have agreed to the use of, and reference to, the Index by ING Investments, LLC and ING Investment Management
Co. in connection with ING Hang Seng Index Portfolio (the “Product”), BUT NEITHER HANG SENG INDEXES
COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR
GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON: (i) THE
ACCURACY OR COMPLETENESS OF ANY OF THE INDEX AND ITS COMPUTATION OR ANY
INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF
ANY OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS
WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX OR ANY
COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR
REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS
GIVEN OR MAY BE IMPLIED.

TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS
ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES
LIMITED: (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BY ING
INVESTMENTS, LLC AND ING INVESTMENT MANAGEMENT CO. IN CONNECTION WITH THE
PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG
INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANY
INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION
USED IN CONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY
OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR
INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON
DEALINGWITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS,
ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY
LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner
whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person
dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever
on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this
disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other
person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be
construed to have created such relationship.

<R>

ING Empire Traditions –155279

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B28


APPENDIX C 

Fixed Interest Division 

<R>

A Fixed Interest Division option is available through the group and individual deferred variable annuity contracts
offered by ReliaStar Life Insurance Company of New York (“ReliaStar of NY”). The Fixed Interest Division is part
of the ReliaStar of NY General Account. Interests in the Fixed Interest Division have not been registered under the
Securities Act of 1933, and neither the Fixed Interest Division nor the General Account are registered under the
Investment Company Act of 1940.

Interests in the Fixed Interest Division are offered in certain states through an Offering Brochure, dated
April 30, 2010. When reading through the Prospectus, the Fixed Interest Division should be counted among
the various investment options available for the allocation of your premiums. Some restrictions may apply.

You will find more complete information relating to the Fixed Interest Division in the Offering Brochure. Please
read the Offering Brochure carefully before you invest in the Fixed Interest Division.

ING Empire Traditions –155279

</R>

C1


APPENDIX D 

Surrender Charge for Excess Withdrawals Example 

The following assumes you made an initial premium payment of $10,000 and additional premium payments of
$10,000 in each of the second and third contract years, for total premium payments under the Contract of $30,000.
It also assumes a withdrawal at the end of the third contract year of 30% of the contract value of $35,000 and that
Option Package I was selected.

In this example, $3,500 (10% of contract value) is the maximum free withdrawal amount that you may withdraw
without a surrender charge. The total withdrawal would be $10,500 ($35,000 x .30). Therefore, $7,000 (10,500 –
3,500) is considered an excess withdrawal of a part of the initial premium payment of $10,000 and would be subject
to a 6% surrender charge of $420 ($7,000 x .06). The amount of the withdrawal paid to you will be $10,500, and in
addition, $420 will be deducted from your contract value.

This example does not take into account deduction of any premium taxes.

<R>

ING Empire Traditions -155279

</R>

D1


APPENDIX E 

Examples of Minimum Guaranteed Income Benefit Calculation 

<R>
Example 1         
        Contract with MGIB  Contract with 
      Contract with  Rider between  MGIB Rider 
    Contract without  MGIB Rider after  February 2, 2009 and  before February 
Age    MGIB Rider  May 1, 2009  May 1, 2009  2, 2009 
55  Initial Value  $100,000  $100,000  $100,000  $100,000 
  Accumulation         
  Rate  0.00%  0.00%  0.00%  0.00% 
  Rider Charge  0.00%  0.75%  0.75%  0.75% 
 
65  Contract Value  $100,000  $89,746  $89,188  $89,188 
  Contract         
  Annuity Factor  5.49  5.49  5.49  5.49 
  Monthly         
  Income  $549.00  $492.71  $489.64  $489.64 
  MGIB Rollup  n/a  $179,085  $196,715  $196,715 
  MGIB Ratchet  n/a  $100,000  $100,000  $100,000 
  MGIB Annuity         
  Factor  n/a  4.17  4.17  4.17 
  MGIB Income  n/a  $746.78  $820.30  $820.30 
  Income  $549.00  $746.78  $820.30  $820.30 
Example 2         
55     Initial Value  $100,000  $100,000  $100,000  $100,000 
     Accumulation         
     Rate  3.00%  3.00%  3.00%  3.00% 
     Rider Charge  0.00%  0.75%  0.75%  0.75% 
 
     Contract         
65     Value  $134,392  $122,674  $122,065  $122,065 
     Contract         
     Annuity         
     Factor  5.49  5.49  5.49  5.49 
     Monthly         
     Income  $737.81  $673.48  $670.13  $670.13 
     MGIB Rollup  n/a  $179,085  $196,715  $196,715 
     MGIB         
     Ratchet  n/a  $122,674  $122,065  $122,065 
     MGIB         
     Annuity         
     Factor  n/a  4.17  4.17  4.17 
     MGIB         
     Income  n/a  $746.78  $820.30  $820.30 
     Income  $737.81  $746.78  $820.30  $820.30 

</R> <R>

ING Empire Traditions -155279

</R>

E1


<R>
Example 3         
        Contract with MGIB  Contract with 
      Contract with  Rider between  MGIB Rider 
    Contract without  MGIB Rider after  February 2, 2009 and  before February 
Age    MGIB Rider  May 1, 2009  May 1, 2009  2, 2009 
55  Initial Value  $100,000  $100,000  $100,000  $100,000 
  Accumulation         
  Rate  8.00%  8.00%  8.00%  8.00% 
  Rider Charge  0.00%  0.75%  0.75%  0.75% 
 
65  Contract Value  $215,892  $200,815  $200,449  $200,448 
  Contract         
  Annuity Factor  5.49  5.49  5.49  5.49 
  Monthly         
  Income  $1,185.25  $1,102.47  $1,100.46  $1,100.46 
  MGIB Rollup  n/a  $179,085  $196,715  $196,715 
  MGIB Ratchet  n/a  $200,815  $200,449  $200,448 
  MGIB Annuity         
  Factor  n/a  4.17  4.17  4.17 
  MGIB Income  n/a  $837.40  $835.87  $835.87 
  Income  $1,185.25  $1,102.47  $1,100.46  $1,100.46 
Example 4         
55   Initial Value  $100,000  $100,000  $100,000  $100,000 
   Accumulation         
   Rate  9.78%  9.78%  9.78%  9.78% 
   Rider Charge  0.00%  0.75%  0.75%  0.75% 
 
   Contract         
65   Value  $254,233  $236,719  $236,665  $236,238 
   Contract         
   Annuity         
   Factor  5.49  5.49  5.49  5.49 
   Monthly         
   Income  $1,395.74  $1,299.59  $1,299.29  $1,296.95 
   MGIB Rollup  n/a  $179,085  $196,715  $196,715 
   MGIB         
   Ratchet  n/a  $236,719  $236,665  $236,238 
   MGIB         
   Annuity         
   Factor  n/a  4.17  4.17  4.17 
   MGIB         
   Income  n/a  $987.12  $986.89  $985.11 
   Income  $1,395.74  $1,299.59  $1,299.29  $1,296.95 

</R> <R> </R> <R>

ING Empire Traditions -155279

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E2


<R> </R>

The Accumulation Rates shown under “Contract” are hypothetical and intended to illustrate various market
conditions. These rates are assumed to be net of all fees and charges except the rider charge. Fees and charges are
not assessed against the MGIB Rollup Rate.

How the MGIB Rollup and MGIB Ratchet values are determined:

<R>

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E3


<R>

The MGIB Rollup Base is equal to the initial contract value (or initial premium) accumulating at the MGIB Rate of
6% until the MGIB Date (7% for Contracts with the MGIB rider purchased before May 1, 2009). The MGIB Rate is
an annual effective rate. The MGIB Rate for any allocations to the designated Special Fund is 0%.

The MGIB Ratchet Base is equal to initial contract value (or initial premium) on the rider date. On each contract
anniversary, the MGIB Ratchet Base is set equal to the greater of: 1) the current contract value; and 2) the MGIB
Ratchet Base on the prior business day .

For example, with a contract accumulation rate of 8% (Example 3), the MGIB Rollup Base and the MGIB Ratchet
Base are determined as follows:

</R> <R>
Age  Contract Value  MGIB Rollup  MGIB Ratchet 
55  $100,000  $100,000  $100,000   
56  $107,199  $106,000 (=$100,000 * (1+6%))  $107,199   
57  $114,927  $112,360 (=$106,000 * (1+6%))  $114,927   
*  *  *  *   
*  *  *  *   
*  *  *  *   
64  $187,279  $168,948  $187,279   
65  $200,815  $179,085 (=$168948 * (1+6%))  $200,815   

</R> <R> </R> <R>

For Contracts with the MGIB rider purchased between February 2, 2009 and May 1, 2009, the MGIB Rollup
Base and the MGIB Ratchet Base, with a contract accumulation rate of 8% (Example 3), are determined as follows:

</R> <R>
Age  Contract Value  MGIB Rollup  MGIB Ratchet 
55  $100,000  $100,000  $100,000 
56  $107,195  $107,000 (=$100,000 * (1+7%))  $107,195 
57  $114,909  $114,490 (=$107,000 * (1+7%))  $114,909 
*  *  *  * 
*  *  *  * 
*  *  *  * 
64  $186,972  $183,846  $186,972 
65  $200,449  $196,715 (=$183,846 * (1+7%))  $200,449 

</R> <R>

For Contracts with the MGIB rider purchased before February 2, 2009, the MGIB Rollup Base and the MGIB
Ratchet Base, with a contract accumulation rate of 8% (Example 3), are determined as follows:

</R> <R>
</R> <R>

ING Empire Traditions -155279

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E4


<R>
Age Contract Value MGIB Rollup MGIB Ratchet      
55  $100,000  $100,000  $100,000 
56  $107,195  $107,000 (=$100,000 * (1+7%))  $107,195 
57  $114,909  $114,490 (=$107,000 * (1+7%))  $114,909 
*  *  *  * 
*  *  *  * 
*  *  *  * 
64  $186,972  $183,846  $186,972 
65  $200,448  $196,715 (=$183,846 * (1+7%))  $200,448 

</R> <R>

ING Empire Traditions -155279

</R>

E5


  If 50,000 of the initial contract value were allocated to Special Funds, assuming a contract accumulation rate of 8%
(Example 3), the MGIB Rollup Base and the MGIB Ratchet Base are determined as follows:

<R>
Age   Contract Value  MGIB Rollup  MGIB Ratchet 
55   $100,000  $100,000  $100,000 
    $103,000 (=$50,000 * (1+6%) +   
56   $107,214  $50,000 * (1+0%))  $107,214 
    $106,180 (=$53,000 * (1+6%) +   
57   $114,963  $50,000 * (1+ 0%))  $114,963 
*   *  *  * 
*   *  *  * 
*   *  *  * 
64   $187,375  $134,474  $187,375 
    $139,542 (=$84,474 * (1+6%) +   
65   $200,918  $50,000 * (1+0%))  $200,918 

</R> <R>

  For Contracts with the MGIB rider purchased between February 2, 2009 and May 1, 2009, if 50,000 of the
initial contract value were allocated to Special Funds, assuming a contract accumulation rate of 8% (Example 3), the
MGIB Rollup Base and the MGIB Ratchet Base are determined as follows:

</R> <R>
Age  Contract Value  MGIB Rollup  MGIB Ratchet 
55  $100,000  $100,000  $100,000 
    $103,500 (=$50,000 * (1+7%) +   
56  $107,211  $50,000 * (1+0%))  $107,211 
    $107,245 (=$53,500 * (1+7%) +   
57  $114,960  $50,000 * (1+ 0%))  $114,960 
*  *  *  * 
*  *  *  * 
*  *  *  * 
64  $187,371  $141,923  $187,371 
    $148,358 (=$91,923 * (1+7%) +   
65  $200,913  $50,000 * (1+0%))  $200,913 

</R> <R>

  For Contracts with the MGIB rider purchased before February 2, 2009, if 50,000 of the initial contract value were
allocated to Special Funds, assuming a contract accumulation rate of 8% (Example 3), the MGIB Rollup Base and
the MGIB Ratchet Base are determined as follows:

</R> <R>
</R> <R>

ING Empire Traditions -155279

</R>

E6


<R>

Age Contract Value MGIB Rollup MGIB Ratchet
55 $100,000 $100,000 $100,000
56 $107,206

$103,500 (=$50,000 * (1+7%) +

 $107,206

$50,000 * (1+0%))
57 $114,933

$107,245 (=$53,500 * (1+7%) +

 $114,933

$50,000 * (1+0%))
*   *  *  * 
*   *  *  * 
*   *  *  * 
64   $187,079  $141,923  $187,079 
    $148,358 (=$91,923 * (1+7%) +   
65   $200,563  $50,000 * (1+0%))  $200,563 

</R> <R>

ING Empire Traditions -155279

</R>

E7


APPENDIX F 

ING LifePay Plus and ING Joint LifePay Plus Partial Withdrawal Amount Examples

The following are examples of adjustments to the Maximum Annual Withdrawal amount for withdrawals in excess
of the Maximum Annual Withdrawal:

Illustration 1: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the
Maximum Annual Withdrawal, including surrender charges.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $500 of surrender charges and premium credit
deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $300 of surrender charges and premium
credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded because total net withdrawals,
$4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $200 of surrender charges and premium
credit deduction, if applicable. Because total net withdrawals taken, $6,000, exceed the Maximum Annual
Withdrawal, $5,000, then there is an adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $7,000 ($3,000 + $500 + $1,500 + $300 + $1,500 + $200). The
adjustment is the lesser of the amount by which the total gross withdrawals for the year exceed the Maximum
Annual Withdrawal ($7,000 - $5,000 = $2,000), and the amount of the current gross withdrawal ($1,500 + 200 =
$1,700. Because total gross withdrawals within the contract year prior to this withdrawal ($5,300) had already
exceeded the Maximum Annual Withdrawal, the entire gross withdrawal is considered an excess withdrawal.

If the Contract Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by
3.40% ($1,700 / $50,000) to $4,830 ((1 - 3.40%) * $5,000).

Illustration 2: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the
Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges and premium credit
deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit
deduction, if applicable. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500,
do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit
deduction, if applicable. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal,
$5,000, there is an adjustment to the Maximum Annual Withdrawal. However, because only $4,500 in gross
withdrawals was taken during the contract year prior to this withdrawal, $500 of the $1,500 gross withdrawal is not
considered excess.

Total gross withdrawals during the contract year are $6,000 ($3,000 + $1,500 + $1,500). The adjustment is the
lesser of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal,
$1,000, and the amount of the current gross withdrawal, $1,500.

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If the Contract Value before this withdrawal is $50,000, and the Contract Value is $49,500 after the part of the gross
withdrawal that was within the Maximum Annual Withdrawal, $500, , then the Maximum Annual Withdrawal is
reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%) * $5,000).

Illustration 3: A withdrawal exceeds the Maximum Annual Withdrawal amount but does not exceed the
Additional Withdrawal Amount.

Assume the Maximum Annual Withdrawal is $5,000. The Required Minimum Distribution for the current calendar
year applicable to this contract is determined to be $6,000. The Additional Withdrawal Amount is set equal to the
excess of this amount above the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000).

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges and premium credit
deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit
deduction, if applicable. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500,
do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit
deduction, if applicable. Total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000,
however, the Maximum Annual Withdrawal is not adjusted until the Additional Withdrawal Amount is exhausted.
The amount by which total net withdrawals taken exceed the Maximum Annual Withdrawal, $1,000 ($6,000 -
$5,000), is the same as the Additional Withdrawal Amount, so no adjustment to the Maximum Annual Withdrawal
is made. If total net withdrawals taken had exceeded the sum of the Maximum Annual Withdrawal and the
Additional Withdrawal Amount, then an adjustment would be made to the Maximum Annual Withdrawal.

Illustration 4: The Additional Withdrawal Amount at the end of the calendar year before it is withdrawn.

Assume the most recent contract date was July 1, 2007 and the Maximum Annual Withdrawal is $5,000. Also
assume RMDs, applicable to this contract, are $6,000 and $5,000 for 2008 and 2009 calendar years respectively.

Between July 1, 2007 and December 31, 2007, a withdrawal of $5,000 is taken which exhausts the Maximum
Annual Withdrawal.

On January 1, 2008, the Additional Withdrawal Amount is set equal to the excess of the 2008 RMD above the
existing Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000. Note that the Maximum Annual Withdrawal has
been exhausted however is still used to calculate the Additional Withdrawal Amount.

The owner now has until December 31, 2009 to take the newly calculated Additional Withdrawal Amount of
$1,000. The owner decides not to take the Additional Withdrawal Amount of $1,000 in 2008.

On January 1, 2009, the Additional Withdrawal Amount is set equal to the excess of the 2009 RMD above the
existing Maximum Annual Withdrawal, $0 ($5,000 - $5,000). Note that the Additional Withdrawal Amount of
$1,000 from the 2008 calendar year carries over into the 2009 calendar year and is available for withdrawal.

Illustration 5: The Reset Occurs.

Assume the Maximum Annual Withdrawal is $5,000 and the Maximum Annual Withdrawal percentage is 5%.

One year after the first withdrawal is taken, the contract value has increased to $120,000, and the Reset occurs. The
Maximum Annual Withdrawal is now $6,000 ($120,000 * 5%).

One year after the Reset, the contract value has increased further to $130,000. The Reset occurs again, and the
Maximum Annual Withdrawal is now $6,500 ($130,000 * 5%).

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If the contract value has fallen to $100,000 on the next contract anniversary (quarterly contract anniversary if the
rider was purchased before February 2, 2009), the Reset will not occur and the Maximum Annual Withdrawal would
not be recalculated.

Illustration 6: The Reset from Guaranteed Withdrawal Status into Lifetime Guaranteed Withdrawal Status.

Assume the first withdrawal is taken in the first contract year when the Annuitant is age 56, thus beginning the
Withdrawal Phase in Guaranteed Withdrawal Status. Also assume that at the time of the first withdrawal, the
LifePay Plus Base is $100,000 before the withdrawal and the Maximum Annual Withdrawal is $5,000 ($100,000 *
5%).

Withdrawals are also taken from the contract in an amount equal to the MAW at the beginning of each of the next
three contract years, each withdrawal resulting in a dollar for dollar reduction to the LifePay Plus Base.

After the withdrawal is taken at the beginning of the fourth contract year, the Annuitant is now age 59 ½, the MAW
is still $5,000, and the LifePay Plus Base has been reduced to $80,000.

On the quarterly contract anniversary following the date the Annuitant reaches age 59 ½, the rider will enter
Lifetime Guaranteed Withdrawal Status and the MAW will be recalculated to equal the appropriate MAW% times
the current MGWB Base, or $4,000 ($80,000 * 5%).

Illustration 7: A withdrawal exceeds the Maximum Annual Withdrawal amount and the Additional
Withdrawal Amount.

Assume the Maximum Annual Withdrawal is $5,000. The Required Minimum Distribution for the current calendar
year applicable to this contract is determined to be $6,000. The Additional Withdrawal Amount is set equal to the
excess of this amount above the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000).

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges. The Maximum
Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges. The Maximum
Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual
Withdrawal, $5,000.

The next withdrawal taken during the contract year is $3,500 net, with $0 of surrender charges. Total net
withdrawals taken, $8,000, exceed the sum of the Maximum Annual Withdrawal and the Additional Withdrawal
Amount, $6,000, and there is an adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $8,000 ($3,000 + $1,500 + $3,500). The adjustment is the
lesser of the amount by which the total gross withdrawals for the year exceed the sum of the Maximum Annual
Withdrawal and the Additional Withdrawal Amount ($8,000 - $6,000 = $2,000), and the amount of the current gross
withdrawal ($3,500).

If the Contract Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by
4.00% ($2,000 / $50,000) to $4,800 ((1 - 4.00%) * $5,000).

Illustration 8: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the
Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges. The Maximum
Annual Withdrawal is not exceeded.

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The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges. The Maximum
Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual
Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges. Because total net
withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, there is an adjustment to the
Maximum Annual Withdrawal. However, because only $4,500 in gross withdrawals was taken during the contract
year prior to this withdrawal, $500 of the $1,500 gross withdrawal is not considered excess.

Total gross withdrawals during the contract year are $6,000 ($3,000 + $1,500 + $1,500). The adjustment is the lesser
of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal, $1,000,
and the amount of the current gross withdrawal, $1,500.

If the Contract Value after the part of the gross withdrawal that was within the Maximum Annual Withdrawal, $500,
is $49,500, then the Maximum Annual Withdrawal is reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%)
* $5,000).

Another withdrawal is taken during that same contract year in the amount of $400 net, with $100 of surrender
charges. Total gross withdrawals during the contract year are $6,500 ($3,000 + $1,500 + $1,500 + $500). The
adjustment to the MAW is the lesser of the amount by which the total gross withdrawals for the year exceed the
Maximum Annual Withdrawal, $1,500, and the amount of the current gross withdrawal, $500.

If the Contract Value before this withdrawal is $48,500, then the Maximum Annual Withdrawal is reduced by
1.03% ($500 / $48,500) to $4,849 ((1 – 1.03%) * $4,899).

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APPENDIX G 

Examples of Fixed Allocation Funds Automatic Rebalancing 

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The following examples are designed to assist you in understanding how Fixed Allocation Funds Automatic
Rebalancing works. The examples assume that there are no investment earnings or losses.

I. Subsequent Payments

A. Assume that on Day 1, an owner deposits an initial payment of $100,000, which is allocated 100% to Accepted
Funds. No Fixed Allocation Funds Automatic Rebalancing would occur, because this allocation meets the required
investment option allocation.

B. Assume that on Day 2, the owner deposits an additional payment of $500,000, bringing the total contract value
to $600,000, and allocates this deposit 100% to Other Funds. Because the percentage allocated to the Fixed
Allocations Funds (0%) is less than 30% of the total amount allocated to the Fixed Allocation Funds and the Other
Funds, we will automatically reallocate $150,000 from the amount allocated to the Other Funds (30% of the
$500,000 allocated to the Other Funds) to the Fixed Allocation Funds. Your ending allocations will be $100,000 to
Accepted Funds, $150,000 to the Fixed Allocation Funds, and $350,000 to Other Funds.

II. Partial Withdrawals

A. Assume that on Day 1, an owner deposits an initial payment of $100,000, which is allocated 65% to Accepted
Funds ($65,000), 30% to the Fixed Allocation Funds ($30,000), and 5% to Other Funds ($5,000). No Fixed
Allocation Funds Automatic Rebalancing would occur, because this allocation meets the required investment option
allocation.

B. Assume that on Day 2, the owner requests a partial withdrawal of $29,000 from the Fixed Allocation Funds.
Because the remaining amount allocated to the Fixed Allocation Funds ($1,000) is less than 30% of the total
amount allocated to the Fixed Allocation Funds and the Other Funds, we will automatically reallocate $800 from the
Other Funds to the Fixed Allocation Funds, so that the amount allocated to the Fixed Allocation Funds ($1,800) is
30% of the total amount allocated to the Fixed Allocation Funds and Other Funds ($6,000).

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APPENDIX H 

ING LifePay and ING Joint LifePay 

(Available for Contracts issued on and after September 4, 2007 through January 28, 2008.)

ING LifePay Minimum Guaranteed Withdrawal Benefit (ING LifePay) Rider. The ING LifePay rider
generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum level of
annual withdrawals from the Contract for the life of the annuitant, even if these withdrawals deplete your Contract
value to zero. You may wish to purchase this rider if you are concerned that you may outlive your income.

Purchase. In order to elect the ING LifePay rider, the annuitant must be the owner or one of the owners, unless
the owner is a non-natural owner. Joint annuitants are not allowed. The minimum issue age is 55 and the maximum
issue age is 80. The issue age is the age of the owner (or the annuitant if there are joint owners or the owner is non-
natural) on the Contract anniversary on which the rider is effective. Some broker-dealers may not offer the ING
LifePay rider, or may limit the maximum issue age to ages younger than age 80, but in no event lower than age 55.
We reserve the right to change the minimum or maximum issue ages on a nondiscriminatory basis. The ING
LifePay rider is available for Contracts issued on and after November 1, 2004 that do not already have a living
benefit rider. The ING LifePay rider will not be issued if the initial allocation to investment options is not in
accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Also, the
ING LifePay rider will not be issued if any contract value is allocated to a Fixed Interest Division, nor may you
subsequently allocate contract value to a Fixed Interest Division. The Company in its discretion may allow the rider
to be elected during the 30-day period preceding a Contract anniversary. Such election must be received in good
order, including compliance with the investment restrictions described below. The rider will be effective as of that
Contract anniversary.

Rider Date. The rider date is the date the ING LifePay rider becomes effective. If you purchase the ING
LifePay rider when the Contract is issued, the rider date is also the Contract date.

Charge. The charge for the ING LifePay rider is as follows:

Current Annual Charge  Maximum Annual Charge if Reset Option 
(Charge Deducted Quarterly)  Elected 
0.50% of the contract value  1.20% of the contract value 

  We deduct the quarterly charge in arrears based on the contract date (contract year versus calendar year). In
arrears means the first charge is deducted at the end of the first quarter from the contract date. If the rider is
added after contract issue, the charges will still be deducted on quarterly contract anniversaries, but the first
charge will be pro-rated based on what is owed at the time the rider is added through the contract quarter end.
Similarly, the charge is pro-rated based on what is owed at the time the rider is terminated. Charges are
deducted during the period starting on the rider date and up to your rider’s Lifetime Automatic Periodic Benefit
Status. Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other
conditions are met. We may increase the charge for this rider if you elect the reset option after your first five
contract years, but subject to the maximum annual charge. For more information about how this rider works,
including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING
LifePay Minimum Guaranteed Withdrawal Benefit Rider.”

No Cancellation. Once you purchase the ING LifePay rider, you may not cancel it unless you: a) cancel the
Contract during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and start
receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events
automatically cancel the ING LifePay rider.

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  Termination. The ING LifePay rider is a “living benefit” which means the guaranteed benefits offered are
intended to be available to you while you are living and while your Contract is in the accumulation phase. The
optional rider automatically terminates if you:

1)  annuitize or terminate your Contract pursuant to its terms during the accumulation phase, surrender 
  your Contract, or begin receiving annuity payments under the ING LifePay rider; or 
 
2)  die during the accumulation phase (first owner to die if there are multiple Contract owners, or death of 
  annuitant if Contract owner is not a natural person), unless your spouse beneficiary elects to continue 
  the Contract. 

The ING LifePay rider will also terminate if there is a change in Contract ownership (other than a spousal
beneficiary continuation on your death). Other circumstances that may cause the ING LifePay rider to
terminate automatically are discussed below.

How the ING LifePay Rider Works. The ING LifePay rider has both phases and statuses. Through the
lifetime of the ING LifePay rider, you will be in one of two phases: the Growth Phase or the Withdrawal Phase. As
detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day before you
take your first withdrawal, or before you begin to receive annuity payments. The Growth Phase is subject to the
latest date for annuitization allowed under your Contract. See “The Income Phase – Restrictions on Start Dates and
the Duration of Payments.” During the Growth Phase, no benefits under the ING LifePay rider are being paid out;
rather, during the Growth Phase, premiums and investment growth under your Contract continue to accumulate.
The Withdrawal Phase follows the Growth Phase and begins once you take your first withdrawal or annuity
payment, whichever occurs first. During the Withdrawal Phase, you may withdraw guaranteed amounts from your
Contract, subject to the terms and conditions noted in this section.

During the life of the rider, it will also be treated as in one of two statuses: Lifetime Guaranteed Withdrawal Status
or Lifetime Automatic Periodic Benefit Status. Together, these statuses operate to fulfill the rider’s withdrawal
guarantee. Lifetime Guaranteed Withdrawal Status begins on the date the rider is issued and continues until certain
circumstances occur as noted in “Lifetime Guaranteed Withdrawal Status,” below. Lifetime Automatic Periodic
Benefit Status is a status that only begins if your contract value is depleted to zero for reasons other than
withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime
Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING LifePay
rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal.
If your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then the
Contract and the ING LifePay rider will terminate without value. While all riders begin in Lifetime Guaranteed
Withdrawal Status, not all riders will enter Lifetime Automatic Periodic Benefit Status.

Benefits paid under the ING LifePay rider require the calculation of the Maximum Annual Withdrawal. The ING
LifePay Base (referred to as the “MGWB Base” in the Contract) is used to determine the Maximum Annual
Withdrawal and is calculated as follows:

1)  If you purchased the ING LifePay rider on the Contract date, the initial ING LifePay Base is equal to 
  the initial premium, plus premium credits. 
 
2)  If you purchased the ING LifePay rider after the Contract date, the initial ING LifePay Base is equal to 
  the Contract value on the effective date of the rider. 
 
3)  The initial ING LifePay Base is increased dollar-for-dollar by any premiums received during the 
  Growth Phase and premium credits, if applicable (“eligible premiums”). The ING LifePay Base is also 
  increased to equal the Contract value if the Contract value is greater than the current ING LifePay 
  Base, on each Contract quarterly anniversary after the effective date of the rider and during the Growth 
  Phase. The ING LifePay Base has no additional impact on the calculation of annuity payments or 
  withdrawal benefits. 

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Currently, any additional premiums paid during the Withdrawal Phase are not eligible premiums for purposes of
determining the ING LifePay Base or the Maximum Annual Withdrawal; however, we reserve the right to treat such
premiums as eligible premiums at our discretion, in a nondiscriminatory manner. Premiums received during the
Withdrawal Phase do increase the Contract value used to determine the reset Maximum Annual Withdrawal if you
choose to reset the ING LifePay rider (see “ING LifePay Reset Option,” below). We reserve the right to discontinue
allowing premium payments during the Withdrawal Phase.

Lifetime Guaranteed Withdrawal Status. This status begins on the effective date of the rider and continues
until the earliest of:

1)  the date annuity payments begin (see “The Income Phase”); 
2)  reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal; 
3)  reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal; 
4)  the surrender of the Contract; or 
5)  the death of the owner (first owner, in the case of joint owners, or the annuitant, in the case of a 
  custodial IRA), unless your spouse beneficiary elects to continue the Contract. 

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to
zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor
market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the
ING LifePay rider, the Contract will provide no further benefits (including death benefits). If contract value is
reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will
terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero,
please see “Lifetime Automatic Periodic Benefit Status,” below. As described below, certain features of the ING
LifePay rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined
on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the Contract value and 2)
the ING LifePay Base as of the last day of the Growth Phase. The first withdrawal after the effective date of the
rider (which causes the end of the Growth Phase) is treated as occurring on the first day of the Withdrawal
Phase, immediately after calculation of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal
percentage, which varies by age of the annuitant on the date the Withdrawal Phase begins, is as follows:

  Maximum Annual 
Annuitant Age  Withdrawal Percentage 
55-64  4% 
65-75  5% 
76-80  6% 
81+  7% 

  Once determined, the Maximum Annual Withdrawal percentage never changes for the Contract, except as
provided for under spousal continuation. See “Continuation After Death – Spouse,” below. This is important to
keep in mind in deciding when to take your first withdrawal because the younger you are at that time, the lower
the Maximum Annual Withdrawal percentage.

If the ING LifePay rider is in the Growth Phase, and the annuity commencement date is reached, the rider will
enter the Withdrawal Phase and annuity payments will begin. In lieu of the annuity options under the Contract,
you may elect a life only annuity option under which we will pay the greater of the annuity payout under the
Contract and equal annual payments of the Maximum Annual Withdrawal.

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Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals.
The amount of your withdrawal or withdrawals in a contract year that, when added together, do not exceed the
Maximum Annual Withdrawal do not reduce the Maximum Annual Withdrawal. However, if the total amount
of your withdrawals in any Contract year exceeds the Maximum Annual Withdrawal, then the Maximum
Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the amount of the
excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a Contract
year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The
amount of any applicable premium credit deduction (recapture) or surrender charges are not included in
determining whether the total amount of your withdrawals in a Contract year exceeds the Maximum Annual
Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is
to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum
Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See
Illustrations 1 and 2 below for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the Contract to satisfy the Required
Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING LifePay rider
and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such withdrawal,
which exceeds the Maximum Annual Withdrawal for a specific Contract year, will not be deemed excess
withdrawals in that Contract year for purposes of the ING LifePay rider, subject to the following rules:

1)  If your Required Minimum Distribution for a calendar year (determined on a date on or before January 
  31 of that year), applicable to this Contract, is greater than the Maximum Annual Withdrawal on that 
  date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum 
  Distribution that exceeds the Maximum Annual Withdrawal. 
 
2)  Once you have taken the Maximum Annual Withdrawal for the then current Contract year, the dollar 
  amount of any additional withdrawals will count against and reduce the Additional Withdrawal 
  Amount without being deemed an excess withdrawal. 
 
3)  In the event of any withdrawals that exceed both the Maximum Annual Withdrawal and the Additional 
  Withdrawal Amount, the dollar amount of these withdrawals will be deemed excess withdrawals that 
  cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above. 
 
4)  The Additional Withdrawal Amount is available on a calendar year basis and recalculated every 
  January, reset to equal that portion of the Required Minimum Distribution for that calendar year that 
  exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional 
  Withdrawal Amount does not carry over into the next calendar year. 
 
5)  The ING LifePay rider cannot accommodate any grace periods allowed for Required Minimum 
  Distributions pursuant to the Tax Code. 
 
6)  The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum 
  Annual Withdrawal Amount. See “ING LifePay Reset Option” below. The Additional Withdrawal 
  Amount is only subject to change when the Additional Withdrawal Amount is reset as described 
  above. 

See Illustrations 3 and 4 below.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the
payment of investment advisory fees to a named third party investment adviser for advice on management of
the Contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such
withdrawals reduce the ING LifePay Base in the same proportion as contract value is reduced by the amount of
these fees. During the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

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Lifetime Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in
excess of the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the
pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the rider is in Lifetime Guaranteed Withdrawal Status, the rider will enter Lifetime
Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING
LifePay rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual
Withdrawal.

When the rider enters Lifetime Automatic Periodic Benefit Status:

1)  Other than as provided under the ING LifePay rider, the Contract will provide no further benefits 
  (including death benefits); 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the Contract will terminate, unless otherwise specified in that rider. 

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount
that is equal to the Maximum Annual Withdrawal. These payments will cease upon the death of the annuitant at
which time both the rider and the Contract will terminate. The rider will remain in Lifetime Automatic Periodic
Benefit Status until it terminates without value upon the annuitant’s death.

If when the ING LifePay rider enters Lifetime Automatic Periodic Benefit Status your net withdrawals to date
are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference
immediately. The periodic payments will begin on the last day of the first full Contract year following the date
the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic
withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be
withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at
the time the rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals
under the Contract more frequently than annually, the periodic payments will be made at the same frequency in
equal amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual
Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments
were being made monthly or quarterly. If the payments were being made semi-annually or annually, the
payments will be made at the end of the half-Contract year or Contract year, as applicable.

ING LifePay Reset Option. Beginning one year after the Withdrawal Phase begins, you may choose to
reset the Maximum Annual Withdrawal when the Maximum Annual Withdrawal, as recalculated, would be
greater than your current Maximum Annual Withdrawal, based on the applicable Maximum Annual Withdrawal
percentage times Contract value. You must elect to reset by a request in a form satisfactory to us. On the date
the request is received (the “Reset Effective Date”), the Maximum Annual Withdrawal will increase to be equal
to the applicable Maximum Annual Withdrawal percentage times the Contract value on the Reset Effective
Date. (For your Maximum Annual Withdrawal percentage, see “Determination of the Maximum Annual
Withdrawal” above.) The reset option is only available when the rider is in Lifetime Guaranteed Withdrawal
Status. We reserve the right to limit resets to the contract anniversary.

After exercising the reset option, you must wait one year before electing to reset again. We will not accept a
request to reset if the new Maximum Annual Withdrawal on the date the request is received would be less than
your current Maximum Annual Withdrawal.

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         If the reset option is exercised, the charge for the ING LifePay rider will be equal to the charge then in effect for 
         a newly purchased rider but will not exceed the maximum annual charge of 1.20%. However, we guarantee that 
         the rider charge will not increase for resets exercised within the first five contract years. See Illustration 4 
         below. 
 
         Investment Option Restrictions. While the ING LifePay rider is in 
effect, there are limits on the portfolios to which your Contract value may be allocated. Contract value allocated to 
portfolios other than Accepted Funds will be rebalanced so as to maintain at least 20% of such Contract value in the 
Fixed Allocation Funds. See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these restrictions 
to mitigate the insurance risk inherent in our guarantees with this rider. We require this allocation regardless of your 
investment instructions to the Contract. The timing of when and how we apply these restrictions is discussed further 
below. 

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         Accepted Funds. Currently, the Accepted Funds are:   
 
           BlackRock Global Allocation V.I. Fund  ING Retirement Conservative Portfolio 
           ING American Funds Asset Allocation Portfolio  ING Retirement Growth Portfolio 
           ING American Funds World Allocation Portfolio  ING Retirement Moderate Growth Portfolio 
           ING Morgan Stanley Global Tactical Asset  ING Retirement Moderate Portfolio 
           Allocation Portfolio   
           ING Liquid Assets Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
           ING MFS Total Return Portfolio  ING Van Kampen Equity and Income Portfolio 
           ING Oppenheimer Active Allocation Portfolio  Fixed Interest Allocation 
 
         If this rider was purchased before February 2, 2009, the following are additional Accepted Funds: 
 
           ING Franklin Templeton Founding Strategy Portfolio   
           ING WisdomTreeSM Global High-Yielding Equity Index Portfolio 
 
         We may change these designations at any time upon 30 days notice to you. If a change is made, the change 
will apply to Contract value allocated to such portfolios after the date of the change. 
 
         Fixed Allocation Funds. Currently, the Fixed Allocation Funds are: 
 
           ING American Funds Bond Portfolio  ING PIMCO Total Return Bond Portfolio 
           ING BlackRock Inflation Protected Bond Portfolio  ING U.S. Bond Index Portfolio 
           ING Intermediate Bond Portfolio   

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  You may allocate contract value to one or more of the Fixed Allocation Funds. We consider the ING
Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic
Rebalancing.

Other Funds. All portfolios available under the Contract other than the Accepted Funds or Fixed
Allocation Funds are considered Other Funds.

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Fixed Allocation Funds Automatic Rebalancing. If the Contract value in the Fixed Allocation Funds is
less than 20% of the total Contract value allocated to both the Fixed Allocation Funds and Other Funds on any
ING LifePay Rebalancing Date, we will automatically rebalance the Contract value allocated to the Fixed
Allocation Funds and Other Funds so that 20% of this amount is allocated to the Fixed Allocation Funds.
Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done
on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction
processed on that date. The ING LifePay Rebalancing Dates occur on each Contract anniversary and after the
following transactions:

1)  receipt of additional premiums; 
2)  transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or 
  specifically directed by you; 
3)  withdrawals from a Fixed Allocation Fund or Other Fund. 

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the
Contract. However, if the other automatic rebalancing under the Contract causes the allocations to be out of
compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic
Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See
“Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed
Allocation Funds Automatic Rebalancing has occurred, along with your new allocations by a confirmation
statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the
Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples
of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING LifePay
rider, you are providing the Company with direction and authorization to process these transactions,
including reallocations into the Fixed Allocation Funds. You should not purchase the ING LifePay rider
if you do not wish to have your Contract value reallocated in this manner.

Death of Owner or Annuitant. The ING LifePay rider and charges terminate on the earlier of:

1)  if the rider is in Lifetime Guaranteed Withdrawal status, the date of receipt of due proof of death 
  (“claim date”) of the owner (or in the case of joint owners, the first owner) or the annuitant if there 
  is a non-natural owner; or 
 
2)  the date the rider enters Lifetime Automatic Periodic Benefit status. 

Under 1), above, the rider terminates on the death of the first owner, even if the owner is not the annuitant.
Thus, you should not purchase this rider with multiple owners, unless the owners are spouses. Under 2),
above, we will continue to pay the periodic payments that the owner was receiving under the LifePay rider to
the annuitant. No other death benefit is payable in this situation.

Continuation After Death – Spouse. If the surviving spouse of the deceased owner continues the
Contract (see “Death Benefit Choices – Continuation After Death – Spouse”), the rider will also continue,
provided the following conditions are met:

                   1)  The spouse is at least 55 years old on the date the Contract is continued; and 
                   2)  The spouse becomes the annuitant and sole owner. 
If the rider is in the Growth Phase at the time of spousal continuation: 
                   1)  The rider will continue in the Growth Phase; 

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                   2)  On the date the rider is continued, the ING LifePay Base will be reset to equal the greater of the 
  ING LifePay Base and the then current Contract value; 
 
                   3)  The ING LifePay charges will restart and be the same as were in effect prior to the claim date; and 
 
                   4)  The Maximum Annual Withdrawal percentage will be determined as of the date of the first 

                                withdrawal, whenever it occurs, and will be based on the spouse’s age on that date.

 
If the rider is in the Withdrawal Phase at the time of spousal continuation: 
 
                   1)  The rider will continue in the Withdrawal Phase. 
 
                   2)  On the Contract anniversary following the date the rider is continued: 
 
  (a)  If the surviving spouse was not the annuitant before the owner’s death, the Maximum Annual 
    Withdrawal is recalculated by multiplying the Contract value on that Contract anniversary by 
    the Maximum Annual Withdrawal percentage based on the surviving spouse’s age on that 
    Contract anniversary. The Maximum Annual Withdrawal is considered to be zero until this 
    recalculation, so withdrawals pursuant to the rider cannot be utilized. Withdrawals are 
    permitted pursuant to the other provisions of the Contract. In other words, withdrawals 
    during this time will not be subject to the guarantees of this rider. Withdrawals causing the 
    Contract value to fall to zero will terminate the Contract and the rider. 
 
  (b)  If the surviving spouse was the annuitant before the owner’s death, the Maximum Annual 
    Withdrawal is recalculated as the greater of the Maximum Annual Withdrawal on the claim 
    date (adjusted for excess withdrawals thereafter) and the Maximum Annual Withdrawal 
    resulting from multiplying the Contract value on that Contract anniversary by the Maximum 
    Annual Withdrawal percentage. The Maximum Annual Withdrawal does not go to zero on 
    the claim date, which is the date of receipt of due proof of death, and withdrawals may 
    continue under the rider provisions. 
 
                   3)  The rider charges will restart on the Contract anniversary following the date the rider is continued 
  and will be the same as were in effect prior to the claim date. 

Effect of ING LifePay Rider on Death Benefit. If you die before Lifetime Automatic Periodic Benefit
Status begins under the ING LifePay rider, the death benefit is payable, but the rider terminates. However, if
the beneficiary is the owner’s spouse, and the spouse elects to continue the Contract, the death benefit is not
payable until the spouse’s death. Thus, you should not purchase this rider with multiple owners, unless the
owners are spouses. See “Death of Owner or Annuitant” and “Continuation After Death – Spouse” above for
further information.

While in Lifetime Automatic Periodic Benefit Status, if the owner who is not the annuitant dies, we will
continue to pay the periodic payments that the owner was receiving under the ING LifePay rider until the death
of the annuitant. While in Lifetime Automatic Periodic Benefit Status, if an owner who is also the annuitant
dies, the periodic payments will stop. No other death benefit is payable.

Change of Owner or Annuitant. Other than as provided above under “Continuation After Death- Spouse,”
you may not change the annuitant. The rider and rider charges will terminate upon change of owner, including
adding an additional owner, except for the following ownership changes:

1)  spousal continuation as described above; 
2)  change of owner from one custodian to another custodian; 
3)  change of owner from a custodian for the benefit of an individual to the same individual; 

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4)  change of owner from an individual to a custodian for the benefit of the same individual; 
5)  collateral assignments; 
6)  change in trust as owner where the individual owner and the grantor of the trust are the same 
  individual; 
7)  change of owner from an individual to a trust where the individual owner and the grantor of the trust 
  are the same individual; and 
8)  change of owner from a trust to an individual where the individual owner and the grantor of the trust 
  are the same individual. 

Surrender Charges. If you elect the ING LifePay rider, the amount of your withdrawals will be subject to
surrender charges and any recapture of credits if they exceed the free withdrawal amount. However, once your
Contract value is zero, the periodic payments under the ING LifePay rider are not subject to surrender charges, nor
will these amounts be subject to any other charges under the Contract. See Appendix H for examples.

Loans. No loans are permitted on Contracts with the ING LifePay rider.

Taxation. For more information about the tax treatment of amounts paid to you under the ING LifePay rider,
see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit.”

ING Joint LifePay Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay) Rider. The ING Joint
LifePay rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum
level of annual withdrawals from the Contract for the lifetime of both you and your spouse, even if these
withdrawals deplete your contract value to zero. You may wish to purchase this rider if you are married and are
concerned that you and your spouse may outlive your income.

Purchase. The ING Joint LifePay rider is only available for purchase by individuals who are married at the
time of purchase and eligible to elect spousal continuation (as defined by the Tax Code) when the death benefit
becomes payable. We refer to these individuals as spouses. Certain ownership, annuitant, and beneficiary
designations are required in order to purchase the ING Joint LifePay rider. See “Ownership, Annuitant and
Beneficiary Requirements,” below.

The minimum issue age is 55 and the maximum issue age is 80. Both spouses must meet these issue age
requirements on the contract anniversary on which the ING Joint LifePay rider is effective. The issue age is the age
of the owners on the Contract anniversary on which the rider is effective. Some broker dealers may not offer the
ING Joint LifePay rider, or may limit the maximum issue age to ages younger than age 80, but in no event lower
than age 55. We reserve the right to change the minimum or maximum issue ages on a nondiscriminatory basis.
The ING Joint LifePay rider is available for Contracts issued on and after November 1, 2004 that do not already
have a living benefit rider. The ING Joint LifePay rider will not be issued if the initial allocation to investment
options is not in accordance with the investment option restrictions described in “Investment Option Restrictions,”
below. Also, the ING Joint LifePay rider will not be issued if any contract value is allocated to a Fixed Interest
Division, nor may you subsequently allocate contract value to a Fixed Interest Division. The Company in its
discretion may allow the ING Joint LifePay rider to be elected during the 30-day period preceding a contract
anniversary. Such election must be received in good order, including owner, annuitant, and beneficiary designations
and compliance with the investment restrictions described below. The ING Joint LifePay rider will be effective as
of that contract anniversary.

Ownership, Annuitant and Beneficiary Designation Requirements. Certain ownership, annuitant and
beneficiary designations are required in order to purchase the ING Joint LifePay rider. These designations depend
upon whether the contract is issued as a nonqualified contract, an IRA or a custodial IRA. In all cases, the
ownership, annuitant and beneficiary designations must allow for the surviving spouse to continue the contract when
the death benefit becomes payable, as provided by the Tax Code. Non-natural, custodial owners are only allowed
with IRAs (“custodial IRAs”). Joint annuitants are not allowed. The necessary ownership, annuitant and/or

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beneficiary designations are described below. Applications that do not meet the requirements below will be
rejected. We reserve the right to verify the date of birth and social security number of both spouses.

Nonqualified Contracts. For a jointly owned contract, the owners must be spouses, and the annuitant
must be one of the owners. For a contract with only one owner, the owner’s spouse must be the sole primary
beneficiary, and the annuitant must be one of the spouses.

IRAs. There may only be one owner, who must also be the annuitant. The owner’s spouse must be the
sole primary beneficiary.

Custodial IRAs. While we do not maintain individual owner and beneficiary designations for IRAs held
by an outside custodian, the ownership and beneficiary designations with the custodian must comply with the
requirements listed in “IRAs” above. The annuitant must be the same as the beneficial owner of the custodial
IRA. We require the custodian to provide us the name and date of birth of both the owner and the owner’s
spouse.

Rider Date. The ING Joint LifePay rider date is the date the ING Joint LifePay rider becomes effective. If you
purchase the ING Joint LifePay rider when the contract is issued, the ING Joint LifePay rider date is also the
contract date.

Charge. The charge for the ING Joint LifePay rider is as follows:

Current Annual Charge  Maximum Annual Charge if Reset Option 
(Charge Deducted Quarterly)  Elected 
0.75% of the contract value  1.50% of contract value 

  We deduct the quarterly charge in arrears based on the contract date (contract year versus calendar year). In
arrears means the first charge is deducted at the end of the first quarter from the contract date. If the rider is
added after contract issue, the charges will still be deducted on quarterly contract anniversaries, but the first
charge will be pro-rated based on what is owed at the time the rider is added through the contract quarter end.
Similarly, the charge is pro-rated based on what is owed at the time the rider is terminated. Charges are
deducted during the period starting on the rider date and up to your rider’s Lifetime Automatic Periodic Benefit
Status. Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other
conditions are met. We may increase the charge for this rider if you elect the reset option after your first five
contract years, but subject to the maximum annual charge. For more information about how this rider works,
including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING
Joint LifePay Minimum Guaranteed Withdrawal Benefit Rider.” If you surrender or annuitize your Contract,
the charge is pro-rated based on what is owed at the time. We reserve the right to change the charge for this
rider, subject to the maximum annual charge. If changed, the new charge will only apply to riders issued after
this change.

No Cancellation. Once you purchase the ING Joint LifePay rider, you may not cancel it unless you: a) cancel
the contract during the contract’s free look period; b) surrender the contract; c) begin the income phase and start
receiving annuity payments; or d) otherwise terminate the contract pursuant to its terms. These events
automatically cancel the ING Joint LifePay rider.

Termination. The ING Joint LifePay rider is a “living benefit” which means the guaranteed benefits offered
are intended to be available to you and your spouse while you are living and while your contract is in the
accumulation phase. The optional rider automatically terminates if you:

1)  annuitize or terminate your contract pursuant to its terms during the accumulation phase, surrender 
  your Contract, or begin receiving annuity payments in lieu of payments under the ING Joint LifePay 
  rider; 
 
2)  die during the accumulation phase (first owner to die in the case of joint owners, or death of annuitant 

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if the contract is a custodial IRA), unless your spouse elects to continue the contract (and your spouse
is active for purposes of the ING Joint LifePay rider): or

3) change the owner of the contract (other than a spousal continuation by an active spouse).

See “Change of Owner or Annuitant,” below. Other circumstances that may cause the ING Joint LifePay rider
to terminate automatically are discussed below.

Active Status. Once the ING Joint LifePay rider has been issued, a spouse must remain in “active” status in
order to exercise rights and receive the benefits of the ING Joint LifePay rider after the first spouse’s death by
electing spousal continuation. In general, changes to the ownership, annuitant, and/or beneficiary designation
requirements noted above will result in one spouse being designated as “inactive.” Inactive spouses are not eligible
to continue the benefits of the ING Joint LifePay rider after the death of the other spouse. Once designated
“inactive,” a spouse may not regain active status under the ING Joint LifePay rider. Specific situations that will
result in a spouse’s designation as “inactive” include the following:

1)  For nonqualified contracts where the spouses are joint owners, the removal of a joint owner (if that 
  spouse does not automatically become sole primary beneficiary pursuant to the terms of the contract), 
  or the change of one joint owner to a person other than an active spouse. 
 
2)  For nonqualified contracts where one spouse is the owner and the other spouse is the sole primary 
  beneficiary, as well as for IRA contracts (including custodial IRAs), the addition of a joint owner who 
  is not also an active spouse or any change of beneficiary (including the addition of primary 
  beneficiaries). 
 
3)  In the event of the death of one spouse (in which case the deceased spouse becomes inactive). 

An owner may also request that one spouse be treated as inactive. In the case of joint-owned contracts, both
contract owners must agree to such a request. An inactive spouse is not eligible to exercise any rights or receive any
benefits under the ING Joint LifePay rider. However, all charges for the ING Joint LifePay rider will continue
to apply, even if one spouse becomes inactive, regardless of the reason. You should make sure you
understand the impact of beneficiary and owner changes on the ING Joint LifePay rider prior to requesting
any such changes.

A divorce will terminate the ability of an ex-spouse to continue the contract. See “Divorce,” below.

How the ING Joint LifePay Rider Works. The ING Joint LifePay rider has both statuses and phases.
Through the lifetime of the ING Joint LifePay rider, you will be in one of two phases: the Growth Phase or the
Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the
business day before you take your first withdrawal, or before you begin to receive annuity payments. The Growth
Phase is subject to the latest date for annuitization allowed under your Contract. See “The Income Phase –
Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING
Joint LifePay rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your
Contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your
first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw
guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

During the life of the rider, it will also be treated as in one of two statuses: Lifetime Guaranteed Withdrawal Status
or Lifetime Automatic Periodic Benefit Status. Together, these statuses operate to fulfill the rider’s withdrawal
guarantee. Lifetime Guaranteed Withdrawal Status begins on the date the rider is issued and continues until certain
circumstances occur as noted in “Lifetime Guaranteed Withdrawal Status,” below. Lifetime Automatic Periodic
Benefit Status is a status that only begins if your contract value is depleted to zero for reasons other than
withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime
Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING Joint
LifePay rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual
Withdrawal. If your contract value is depleted because of withdrawals that exceed the Maximum Annual

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Withdrawal, then the Contract and the ING Joint LifePay rider will terminate without value. While all riders begin
in Lifetime Guaranteed Withdrawal Status, not all riders will enter Lifetime Automatic Periodic Benefit Status.

Benefits paid under the ING Joint LifePay rider require the calculation of the Maximum Annual Withdrawal. The
ING Joint LifePay Base (referred to as the “MGWB Base” in the contract) is used to determine the Maximum
Annual Withdrawal and is calculated as follows:

1)  If you purchased the ING Joint LifePay rider on the contract date, the initial ING Joint LifePay Base is 
  equal to the initial premium, plus premium credits. 
 
2)  If you purchased the ING Joint LifePay rider after the contract date, the initial ING Joint LifePay Base 
  is equal to the contract value on the effective date of the ING Joint LifePay rider. 
 
3)  The initial ING Joint LifePay Base is increased dollar-for-dollar by any premiums received during the 
  Growth Phase and premium credits, if applicable (“eligible premiums”). The ING Joint LifePay Base 
  is also increased to equal the contract value if the contract value is greater than the current ING Joint 
  LifePay Base, valued on each quarterly contract anniversary after the effective date of the ING Joint 
  LifePay rider during the Growth Phase. The ING Joint LifePay Base has no additional impact on the 
  calculation of annuity payments or withdrawal benefits. 

Currently, any additional premiums paid during the Withdrawal Phase are not eligible premiums for purposes of
determining the ING Joint LifePay Base or the Maximum Annual Withdrawal; however, we reserve the right to treat
such premiums as eligible premiums at our discretion, in a nondiscriminatory manner. Premiums received during
the Withdrawal Phase do increase the contract value used to determine the reset Maximum Annual Withdrawal if
you choose to reset the ING Joint LifePay rider (see “ING Joint LifePay Reset Option,” below). We reserve the
right to discontinue allowing premium payments during the Withdrawal Phase.

Lifetime Guaranteed Withdrawal Status. This status begins on the effective date of the rider and continues
until the earliest of:

1)  the date annuity payments begin (see “The Income Phase”); 
2)  reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal; 
3)  reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual 
  Withdrawal; 
4)  the surrender of the Contract; or 
5)  the death of the owner (first owner, in the case of joint owners, or the annuitant, in the case of a 
  custodial IRA), unless your spouse beneficiary elects to continue the Contract. 

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to
zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor
market performance. In Lifetime Automatic Periodic Benefit Status, other than payments as provided under the
ING Joint LifePay rider the Contract will provide no further benefits (including death benefits). If contract value is
reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal Amount, the Contract and rider will
terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero,
please see “Lifetime Automatic Periodic Benefit Status,” below. As described below, certain features of the ING
Joint LifePay rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

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Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined
on the date the Withdrawal Phase begins. It equals the Maximum Annual Withdrawal percentage multiplied by
the greater of the contract value and the ING Joint LifePay Base, as of the last day of the Growth Phase. The
first withdrawal after the effective date of the ING Joint LifePay rider (which causes the end of the Growth
Phase) is treated as occurring on the first day of the Withdrawal Phase, immediately after calculation of the
Maximum Annual Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the
youngest active spouse on the date the Withdrawal Phase begins, is as follows:

Annuitant Age  Maximum Annual 
  Withdrawal Percentage 
55-64  4% 
65-75  5% 
76-80  6% 
81+  7% 

Once determined the Maximum Annual Withdrawal percentage never changes for the contract. This is
important to keep in mind in deciding when to take your first withdrawal because the younger you are at that
time, the lower the Maximum Annual Withdrawal percentage.

If the ING Joint LifePay rider is in the Growth Phase, and the annuity commencement date is reached, the ING
Joint LifePay rider will enter the Withdrawal Phase and annuity payments will begin. In lieu of the annuity
options under the Contract, you may elect a life only annuity option under which we will pay the greater of the
annuity payout under the Contract and annual payments equal to the Maximum Annual Withdrawal, provided
that, if both spouses are active, payments under the life only annuity option will be calculated using the joint life
expectancy table for both spouses. If only one spouse is active, payments will be calculated using the single life
expectancy table for the active spouse.

Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals.
The amount of your withdrawal or withdrawals in a contract year that, when added together, do not exceed the
Maximum Withdrawal Amount do not reduce the Maximum Withdrawal Amount. However, if the total
amount of your withdrawals in any contract year exceeds the Maximum Annual Withdrawal, then the
Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the
amount of the excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a Contract
year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The
amount of any applicable premium credit deduction (recapture) or surrender charges are not included in
determining whether the total amount of your withdrawals in a Contract year exceeds the Maximum Annual
Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is
to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum
Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See
Illustrations 1 and 2 below for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the contract to satisfy the Required
Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING Joint LifePay
rider, and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such
withdrawal, which exceeds the Maximum Annual Withdrawal for a specific contract year, will not be deemed
excess withdrawals in that contract year for purposes of the ING Joint LifePay rider, subject to the following:

1)  If your Required Minimum Distribution for a calendar year (determined on a date on or before January 
  31 of that year), applicable to this contract, is greater than the Maximum Annual Withdrawal on that 
  date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum 
  Distribution that exceeds the Maximum Annual Withdrawal. 

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2)  Once you have taken the Maximum Annual Withdrawal for the then current contract year, the dollar 
  amount of any additional withdrawal will count against and reduce the Additional Withdrawal Amount 
  without being deemed an excess withdrawal. 
 
3)  In the event of any withdrawals that exceed both the Maximum Annual Withdrawal and the Additional 
  Withdrawal Amount, the dollar amount of these withdrawals will be deemed excess withdrawals that 
  cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above. 
 
4)  The Additional Withdrawal Amount is available on a calendar year basis and recalculated every 
  January, reset to equal the portion of the Required Minimum Distribution for that calendar year that 
  exceeds the Maximum Annual Withdrawal. Any unused amount of the Additional Withdrawal 
  Amount does not carry over into the next calendar year. 
 
5)  The ING Joint LifePay rider cannot accommodate any grace periods allowed for Required Minimum 
  Distributions pursuant to the Tax Code. 
 
6)  The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum 
  Annual Withdrawal Amount. See “ING Joint LifePay Reset Option” below. The Additional 
  Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as 
  described above. 

See Illustrations 3 and 4 below.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the
payment of investment advisory fees to a named third party investment adviser for advice on management of
the contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals
reduce the ING Joint LifePay Base in the same proportion as contract value is reduced by the amount of these
fees. During the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

Lifetime Automatic Periodic Benefit Status. If the contract value is reduced to zero by a withdrawal in
excess of the Maximum Annual Withdrawal, the contract and the ING Joint LifePay rider will terminate
without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,”
above.

If the contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual
Withdrawal while the ING Joint LifePay rider is in Lifetime Guaranteed Withdrawal Status, the ING Joint
LifePay rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make
withdrawals. Instead, under the ING Joint LifePay rider you will begin to receive periodic payments in an
annual amount equal to the Maximum Annual Withdrawal.

When the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status:

1)  other than as provided under the ING Joint LifePay rider, the contract will provide no further benefits 
  (including death benefits); 
2)  no further premium payments will be accepted; and 
3)  any other riders attached to the contract will terminate, unless otherwise specified in that rider. 

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount
that is equal to the Maximum Annual Withdrawal. The time period for which we will make these payments will
depend upon whether one or two spouses are active under the ING Joint LifePay rider at the time this status
begins. If both spouses are active under the ING Joint LifePay rider, these payments will cease upon the death
of the second spouse, at which time both the ING Joint LifePay rider and the contract will terminate without
further value. If only one spouse is active under the ING Joint LifePay rider, the payments will cease upon the

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death of the active spouse, at which time both the ING Joint LifePay rider and the contract will terminate
without value.

If when the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status, your net withdrawals to
date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference
immediately. The periodic payments will begin on the last day of the first full contract year following the date
the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid
annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the contract. Under a systematic
withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be
withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at
the time the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status, you are receiving
systematic withdrawals under the contract more frequently than annually, the periodic payments will be made at
the same frequency in equal amounts such that the sum of the payments in each contract year will equal the
annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously
set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually
or annually, the payments will be made at the end of the half-contract year or contract year, as applicable.

ING Joint LifePay Reset Option. Beginning one year after the Withdrawal Phase begins, you may choose to
reset the Maximum Annual Withdrawal when the Maximum Annual Withdrawal, as recalculated, would be greater
than your current Maximum Annual Withdrawal, based on the applicable Maximum Annual Withdrawal percentage
times contract value. You must elect to reset by a request in a form satisfactory to us. On the date the request is
received (the “Reset Effective Date”), the Maximum Annual Withdrawal will increase to be equal to the applicable
Maximum Annual Withdrawal percentage times the contract value on the Reset Effective Date. (For your
Maximum Annual Withdrawal percentage, see “Determination of the Maximum Annual Withdrawal” above). The
reset option is only available when the ING Joint LifePay rider is in Lifetime Guaranteed Withdrawal Status. We
reserve the right to limit resets to the contract anniversary.

After exercising the reset option, you must wait one year before electing to reset again. We will not accept a request
to reset if the new Maximum Annual Withdrawal on the date the request is received would be less than your current
Maximum Annual Withdrawal.

If the reset option is exercised, the charge for the ING Joint LifePay rider will be equal to the charge then in effect
for a newly purchased rider but will not exceed the maximum annual charge of 1.50%. However, we guarantee that
the ING Joint LifePay rider charge will not increase for resets exercised within the first five contract years. See
Illustration 4 below.

Investment Option Restrictions. While the ING Joint LifePay rider
is in effect, there are limits on the portfolios to which your contract value may be allocated. Contract value allocated
to portfolios other than Accepted Funds will be rebalanced so as to maintain at least 20% of such contract value in
the Fixed Allocation Funds. See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these
restrictions to mitigate the insurance risk inherent in our guarantees with this rider. We require this allocation
regardless of your investment instructions to the Contract. The timing of when and how we apply these restrictions
is discussed further below.

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Accepted Funds. Currently, the Accepted Funds are:   
 
 BlackRock Global Allocation V.I. Fund  ING Retirement Conservative Portfolio 
 ING American Funds Asset Allocation Portfolio  ING Retirement Growth Portfolio 
 ING American Funds World Allocation Portfolio  ING Retirement Moderate Growth Portfolio 
 ING Morgan Stanley Global Tactical Asset  ING Retirement Moderate Portfolio 
 Allocation Portfolio   
 ING Liquid Assets Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
 ING MFS Total Return Portfolio  ING Van Kampen Equity and Income Portfolio 
 ING Oppenheimer Active Allocation Portfolio  Fixed Interest Allocation 

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         If this rider was purchased before February 2, 2009, the following are additional Accepted Funds: 
 
           ING Franklin Templeton Founding Strategy Portfolio   
           ING WisdomTreeSM Global High-Yielding Equity Index Portfolio 
 
         We may change these designations at any time upon 30 days notice to you. If a change is made, the change 
will apply to contract value allocated to such portfolios after the date of the change. 
 
         Fixed Allocation Funds. Currently, the Fixed Allocation Funds are: 
 
           ING American Funds Bond Portfolio  ING PIMCO Total Return Bond Portfolio 
           ING BlackRock Inflation Protected Bond Portfolio  ING U.S. Bond Index Portfolio 
           ING Intermediate Bond Portfolio   

You may allocate contract value to one or more of the Fixed Allocation Funds. We consider the ING
Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic
Rebalancing.

Other Funds. All portfolios available under the contract other than the Accepted Funds or Fixed
Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is
less than 20% of the total contract value allocated to both the Fixed Allocation Funds and Other Funds on any
ING Joint LifePay Rebalancing Date, we will automatically rebalance the contract value allocated to the Fixed
Allocation Funds and Other Funds so that 20% of this amount is allocated to the Fixed Allocation Funds.
Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done
on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction
processed on that date. The ING Joint LifePay Rebalancing Dates occur on each contract anniversary and after
the following transactions:

1)  receipt of additional premiums; 
2)  transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or 
  specifically directed by you; and 
3)  withdrawals from a Fixed Allocation Fund or Other Fund. 

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the
contract. However, if the other automatic rebalancing under the contract causes the allocations to be out of
compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic
Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See
“Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed
Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation
statement that will be mailed to you after Fixed Allocation Funds Rebalancing has occurred.

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In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the
Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples
of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING Joint
LifePay rider, you are providing the Company with direction and authorization to process these
transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING
Joint LifePay rider if you do not wish to have your contract value reallocated in this manner.

Divorce. Generally, in the event of a divorce, the spouse who retains ownership of the contract will continue to
be entitled to all rights and benefits of the ING Joint LifePay rider, while the ex-spouse will no longer have any such
rights or be entitled to any such benefits. In the event of a divorce during Lifetime Guaranteed Withdrawal Status,
the ING Joint LifePay rider continues, and terminates upon the death of the owner (first owner in the case of joint
owners, or the annuitant in the case of a custodial IRA). Although spousal continuation may be available under the
Tax Code for a subsequent spouse, the ING Joint LifePay rider cannot be continued by the new spouse. As the
result of the divorce, we may be required to withdraw assets for the benefit of an ex-spouse. Any such withdrawal
will be considered a withdrawal for purposes of the Maximum Annual Withdrawal amount. In other words, if a
withdrawal incident to a divorce exceeds the Maximum Annual Withdrawal amount, it will be considered an excess
withdrawal. See “Determination of the Maximum Annual Withdrawal,” above. As noted, in the event of a divorce
there is no change to the Maximum Annual Withdrawal and we will continue to deduct charges for the ING Joint
LifePay rider.

In the event of a divorce during Lifetime Automatic Periodic Benefit Status, there will be no change to the periodic
payments made. Payments will continue until both spouses are deceased.

Death of Owner. The death of the owner (or in the case of joint owners, the first owner, or for custodial IRAs,
the annuitant) during Lifetime Guaranteed Withdrawal Status may cause the termination of the ING Joint LifePay
rider and its charges, depending upon whether one or both spouses are in active status at the time of death, as
described below.

1)  If both spouses are in active status: If the surviving spouse elects to continue the contract and 
  becomes the sole owner and annuitant, the ING Joint LifePay rider will remain in effect pursuant to its 
  original terms and ING Joint LifePay coverage and charges will continue. As of the date the contract 
  is continued, if the Contract is in the Growth Phase, then the ING Joint LifePay Base will be increased 
  to equal the contract value, if greater. Otherwise, if the Contract is in the Withdrawal Phase, then the 
  Maximum Annual Withdrawal will be set to the greater of the existing Maximum Annual Withdrawal 
  or the Maximum Annual Withdrawal percentage multiplied by the contract value on the date the 
  contract is continued. Such a reset will not count as an exercise of the ING Joint LifePay Reset 
  Option, and rider charges will not increase. 
 
  If the surviving spouse elects not to continue the contract, ING Joint LifePay rider coverage and 
  charges will cease upon the earlier of payment of the death benefit or notice that an alternative 
  distribution option has been chosen. 
 
2)  If the surviving spouse is in inactive status: The ING Joint LifePay rider terminates and ING Joint 
  LifePay coverage and charges cease upon proof of death. 

Change of Owner or Annuitant. Other than as a result of spousal continuation, you may not change the
annuitant. The ING Joint LifePay rider and rider charges will terminate upon change of owner, including adding an
additional owner, except for the following ownership changes:

1)  spousal continuation by an active spouse, as described above; 
 
2)  change of owner from one custodian to another custodian for the benefit of the same individual; 
 
3)  change of owner from a custodian for the benefit of an individual to the same individual (in order to 
  avoid the owner’s spouse from being designated inactive, the owner’s spouse must be named sole 
  beneficiary under the contract); 

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4)  change of owner from an individual to a custodian for the benefit of the same individual; 
5)  collateral assignments; 
6)  for nonqualified contracts only, the addition of a joint owner, provided that the additional joint owner 
  is the original owner’s spouse and is active when added as joint owner; 
7)  for nonqualified contracts, removal of a joint owner, provided the removed joint owner is active and 
  becomes the primary contract beneficiary; and 
8)  change of owner where the owner becomes the sole primary beneficiary and the sole primary 
  beneficiary becomes the owner if both were active spouses at the time of the change. 

Surrender Charges. If you elect the ING Joint LifePay rider, the amount of your withdrawals will be subject
to surrender charges and any recapture of credits if they exceed the free withdrawal amount. However, once your
contract value is zero, the periodic payments under the ING Joint LifePay rider are not subject to surrender charges,
nor will these amounts be subject to any other charges under the contract. See below for examples.

Federal Tax Considerations. For more information about the tax treatment of amounts paid to you under the
ING Joint LifePay rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death
Benefit.”

ING LifePay and ING Joint LifePay Partial Withdrawal Amount Examples. The following are examples of
adjustments to the Maximum Annual Withdrawal amount for withdrawals in excess of the Maximum Annual
Withdrawal:

Illustration 1: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the
Maximum Annual Withdrawal, including surrender and/or MVA charges.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $500 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $300 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed
the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $200 of surrender charges, and/or MVA
charges. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, then there
is an adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $7,000 ($3,000 + $500 + $1,500 + $300 + $1,500 + $200). The
adjustment is the lesser of the amount by which the total gross withdrawals for the year exceed the Maximum
Annual Withdrawal ($7,000 - $5,000 = $2,000), and the amount of the current gross withdrawal ($1,500 + 200 =
$1,700.

If the Account Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by 3.40%
($1,700 / $50,000) to $4,830 ((1 - 3.40%) * $5,000).

Illustration 2: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the
Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

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The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed
the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA
charges. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, there is an
adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $6,000 ($3,000 + $1,500 + $1,500). The adjustment is the lesser
of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal, $1,000,
and the amount of the current gross withdrawal, $1,500.

If the Account Value after the part of the gross withdrawal that was within the Maximum Annual Withdrawal, $500,
is $49,500, then the Maximum Annual Withdrawal is reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%)
* $5,000).

Illustration 3: A withdrawal exceeds the Maximum Annual Withdrawal amount but does not exceed the
Additional Withdrawal Amount.

Assume the Maximum Annual Withdrawal is $5,000. The RMD for the current calendar year applicable to this
contract is determined to be $6,000. The Additional Withdrawal Amount is set equal to the excess of this amount
above the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000).

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA
charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed
the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA
charges. Total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, however, the
Maximum Annual Withdrawal is not adjusted until the Additional Withdrawal Amount is exhausted. The amount by
which total net withdrawals taken exceed the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000), is the same
as the Additional Withdrawal Amount, so no adjustment to the Maximum Annual Withdrawal is made. If total net
withdrawals taken had exceeded the sum of the Maximum Annual Withdrawal and the Additional Withdrawal
Amount, then an adjustment would be made to the Maximum Annual Withdrawal.

Illustration 4: An Additional Withdrawal Amount expires at the end of the calendar year before it is
withdrawn.

Assume the most recent contract date was July 1, 2007 and the Maximum Annual Withdrawal is $5,000. Also
assume RMDs, applicable to this contract, are $6,000 and $5,000 for the 2008 and 2009 calendar years respectively.

Between July 1, 2007 and December 31, 2007 a withdrawal of $5,000 is taken which exhausts the Maximum Annual
Withdrawal.

On January 1, 2008, the Additional Withdrawal Amount is set equal to the excess of the 2008 RMD above the
existing Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000). Note that the Maximum Annual Withdrawal has
been exhausted however is still used to calculate the Additional Withdrawal Amount.

The owner now has until December 31, 2008 to take the newly calculated Additional Withdrawal Amount of
$1,000. The owner decides not to take the Additional Withdrawal Amount of $1,000 in 2008.

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On January 1, 2009, the Additional Withdrawal Amount is set equal to the excess of the 2009 RMD above the
existing Maximum Annual Withdrawal, $0 ($5,000-$5,000). Note that the Additional Withdrawal Amount of
$1,000 from the 2008 calendar year does not carry over to the 2009 calendar year.

Illustration 5: The Reset Option is utilized.

Assume the Maximum Annual Withdrawal is $5,000 and the Maximum Annual Withdrawal percentage is 5%.

One year after the first withdrawal is taken, the contract value has increased to $120,000, and the Reset Option is
utilized. The Maximum Annual Withdrawal is now $6,000 ($120,000 * 5%).

One year after the Reset Option was first utilized, the contract value has increased further to $130,000. The Reset
Option is utilized again, and the Maximum Annual Withdrawal is now $6,500 ($130,000 * 5%).

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APPENDIX I 

Minimum Guaranteed Withdrawal Benefit 

Minimum Guaranteed Withdrawal Benefit Rider (MGWB). Effective September 4, 2007, the MGWB rider is
no longer available. The MGWB rider, marketed under the name, ING PrincipalGuard Withdrawal Benefit, is an
optional benefit which guarantees that if your contract value is reduced to zero, you will receive periodic payments.
The amount of the periodic payments is based on the amount in the MGWB Withdrawal Account. Only premiums
added to your Contract during the first two-year period after your rider date are included in the MGWB
Withdrawal Account. Any additional premium payments added after the second rider anniversary are not included
in the MGWB Withdrawal Account. Thus, the MGWB rider may not be appropriate for you if you plan to add
substantial premium payments after your second rider anniversary. If you elect the MGWB rider, you may not
allocate contract value to the GET Fund or the Fixed Interest Division. For Contracts purchased on and after
August 7, 2006, the MGWB rider was available if you elected the premium credit option. (Otherwise, the MGWB
rider was not available with the premium credit option).

The guarantee provides that, subject to the conditions described below, the amount you will receive in periodic
payments is equal to your Eligible Payment Amount adjusted for any prior withdrawals. Your Eligible Payment
Amount depends on when you purchase the MGWB rider and equals:

1)  if you purchased the MGWB rider on the contract date: your premium payments received during the first 
  two contract years; 
 
2)  if you purchased the MGWB rider after the contract date: your contract value on the Rider Date, including 
  any premiums received that day, and any subsequent premium payments received during the two-year 
  period commencing on the Rider Date. 

To maintain the guarantee, withdrawals in any contract year may not exceed 7% of your Eligible Payment Amount
adjusted, as defined below. If your contract value is reduced to zero, your periodic payments will be 7% of your
Eligible Payment Amount every year. Payments continue until your MGWB Withdrawal Account is reduced to zero.
Please note that before Automatic Periodic Benefit status is reached, withdrawals in excess of the free withdrawal
amount will be subject to surrender charges. Once your contract reaches Automatic Periodic Benefit Status, the
periodic payments paid under the MGWB rider are not subject to surrender charges.

The MGWB Withdrawal Account is equal to the Eligible Payment Amount adjusted for any withdrawals. The
Maximum Annual Withdrawal Amount (or “MAW”) is equal to 7% of the Eligible Payment Amount. Withdrawals
up to the MAW will reduce the value of your MGWB Withdrawal Account by the dollar amount of the withdrawal.
Any withdrawals greater than the MAW will cause a reduction in the MGWB Withdrawal Account by the
proportion that the excess withdrawal bears to the remaining contract value after the withdrawal of the MAW.

Any withdrawals greater than the MAW will also cause a reduction in the Eligible Payment Amount by the
proportion that the excess portion of the withdrawal bears to the contract value remaining after withdrawal of the
MAW at the time of the withdrawal. Examples of excess withdrawals are at the end of this appendix.

Once your contract value is zero, any periodic payments paid under the MGWB rider also reduce the MGWB
Withdrawal Account by the dollar amount of the payments. If a withdrawal reduces the MGWB Withdrawal
Account to zero, the MGWB rider terminates and no further benefits are payable under the rider.

There are tax implications of withdrawals and payments under the MGWB rider. See “Withdrawals” and “Federal
Tax Considerations” in the prospectus for more information. You should not make any withdrawals if you wish
to retain the option to elect the Step-Up Benefit (see below).

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The MGWB Withdrawal Account is only a calculation which represents the remaining amount available for periodic
payments. It does not represent a contract value, nor does it guarantee performance of the subaccounts in which you
are invested. It will not affect your annuitization, surrender and death benefits.

Guaranteed Withdrawal Status. You may continue to make withdrawals in any amount permitted under your
Contract so long as your contract value is greater than zero. See “Withdrawals” in the prospectus. However,
making any withdrawals in any year greater than the MAW will reduce the Eligible Payment Amount and payments
under the MGWB rider by the proportion that the withdrawal bears to the contract value at the time of the
withdrawal. The MGWB rider will remain in force and you may continue to make withdrawals each year so long as:

1)  your contract value is greater than zero; 
2)  your MGWB Withdrawal Account is greater than zero; 
3)  you have not reached your latest allowable annuity start date; 
4)  you have not elected to annuitize your Contract; and 
5)  you have not died (unless your spouse has elected to continue the Contract), changed the ownership of 
  the Contract or surrendered the Contract. 

The standard Contract provision limiting withdrawals to no more than 90% of the cash surrender value is not
applicable under the MGWB rider.

Automatic Periodic Benefit Status. Under the MGWB rider, in the event your contract value is reduced to
zero, your Contract is given Automatic Periodic Benefit Status, if:

1)  your MGWB Withdrawal Account is greater than zero; 
2)  you have not reached your latest allowable annuity start date; 
3)  you have not elected to annuitize your Contract; and 
4)  you have not died, changed the ownership of the Contract or surrendered the Contract. 

Once your Contract is given Automatic Periodic Benefit Status, we will pay you the annual MGWB periodic
payments, beginning on the next contract anniversary until the earliest of: (i) your Contract’s latest annuity start
date; (ii) the death of the owner; or (iii) your MGWB Withdrawal Account is exhausted. These payments are equal
to the lesser of the remaining MGWB Withdrawal Account or the MAW. We will reduce the MGWB Withdrawal
Account by the amount of each payment. Once your Contract is given Automatic Periodic Benefit Status, we will
not accept any additional premium payments in your Contract, and the Contract will not provide any benefits except
those provided by the MGWB rider. Any other rider terminates. Your Contract will remain in Automatic Periodic
Benefit Status until the earliest of: (i) payment of all MGWB periodic payments; (ii) payment of the Commuted
Value (defined below); or (iii) the owner’s death.

On the Contract’s latest annuity start date, in lieu of making the remaining MGWB periodic payments, we will pay
you the Commuted Value of your MGWB periodic payments remaining. We may, at our option, extend your
annuity start date in order to continue the MGWB periodic payments. The Commuted Value is the present value of
any then-remaining MGWB periodic payments at the current interest rate plus 0.50%. The current interest rate will
be determined by the average of the Ask Yields for U.S. Treasury STRIPS as quoted by a national quoting service
for period(s) applicable to the remaining payments. Once we pay you the last MGWB periodic payment or the
Commuted Value, your Contract and the MGWB rider terminate.

Reset Option. Beginning on the fifth contract anniversary following the Rider Date, if the contract value is
greater than the MGWB Withdrawal Account, you may choose to reset the MGWB Rider. The effect will be to
terminate the existing MGWB Rider and add a new MGWB Rider (“New Rider”). The MGWB Withdrawal
Account under the New Rider will equal the contract value on the date the New Rider is effective. The charge for
the MGWB under the New Rider and any right to reset again will be based on the terms of the New Rider when it is
issued. We reserve the right to limit the reset election to contract anniversaries only. If you elect the Reset Option,
the Step-Up benefit is not available.

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Step-Up Benefit. If the Rider Date is the same as the Contract Date, beginning on the fifth contract anniversary
following the Rider Date, if you have not made any previous withdrawals, you may elect to increase the MGWB
Withdrawal Account, the adjusted Eligible Payment Amount and the MAW by a factor of 20%. This option is
available whether or not the contract value is greater than the MGWB Withdrawal Account. If you elect the Step-
Up Benefit:

1)  we reserve the right to increase the charge for the MGWB Rider up to a maximum annual charge of 
  1.00% of contract value; 
 
2)  you must wait at least five years from the Step-Up date to elect the Reset Option. 

The Step-Up Benefit may be elected only one time under the MGWB Rider. We reserve the right to limit the
election of The Step-Up benefit to contract anniversary only. Please note that if you have a third party investment
advisor who charges a separate advisory fee, and you have chosen to use withdrawals from your Contract to pay this
fee, these will be treated as any other withdrawals, and the Step-Up Benefit will not be available.

Death of Owner
Before Automatic Periodic Benefit Status. The MGWB rider terminates on the first owner’s date of death
(death of annuitant, if there is a non-natural owner), but the death benefit is payable. However, if the beneficiary is
the owner’s spouse, the spouse elects to continue the Contract, and the contract value steps up to the minimum
guaranteed death benefit, the MGWB Withdrawal Account and MAW are also reset. The MGWB charge will
continue at the existing rate. Reset upon spousal continuation does not affect any then existing Reset Option.

During Automatic Periodic Benefit Status. The death benefit payable during Automatic Periodic Benefit
Status is your MGWB Withdrawal Account which equals the sum of the remaining MGWB periodic payments.

Purchase and Charge. To purchase the MGWB rider, you must be age 80 or younger on the Rider Date. The
MGWB rider must be purchased on the contract date. The charge for the MGWB rider is as follows:

Maximum Annual Charge if Step-Up  Current Annual Charge 
Benefit Elected  (Charge Deducted Quarterly) 
1.00% of the contract value  0.45% of the contract value 

Minimum Guaranteed Withdrawal Benefit (MGWB). The annual charge for the MGWB rider is 0.45%
(0.12% quarterly) of the contract value. Before May 1, 2005, the annual charge was 0.35% of the contract value.
The charge is deducted from the contract value on each quarterly contract anniversary date, in arrears. We will
deduct charges during the period starting on the rider date and up to your Contract’s Automatic Periodic Benefit
Status. Automatic Periodic Benefit Status will occur if your contract value is reduced to zero and other conditions
are met. Please see “Minimum Guaranteed Withdrawal Benefit - Automatic Periodic Benefit Status” in this
prospectus. If you elect the Step-Up Benefit, we reserve the right to increase the charge for the MGWB rider,
subject to the maximum annual charge of 1.00% of contract value. If you surrender or annuitize your Contract, we
will deduct a pro-rata portion of the charge for the current quarter based on the current quarterly charge rate
immediately prior to the surrender or annuitization.

MGWB Excess Withdrawal Amount Examples
The following are examples of adjustments to the MGWB Withdrawal Account and the Maximum Annual
Withdrawal Amount for transfers and withdrawals in excess of the Maximum Annual Withdrawal Amount (“Excess
Withdrawal Amount”).

Example # 1: Contract Value is greater than the MGWB Withdrawal Account

Assume the Contract Value (CV) before the withdrawal is $120,000, the Eligible Payment Amount (EPA) is
$100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account
(“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is
calculated as follows:

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               The new CV is $110,000 ($120,000 - $10,000). 
               The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000). 
 
         The MGWB Withdrawal Account is first reduced dollar-for-dollar by the portion of the withdrawal up to the 
MAW to $73,000 ($80,000 - $7,000), and is then reduced pro-rata based on the ratio of the Excess Withdrawal 
Amount to the CV (after being reduced for the withdrawal up to the MAW) to $71,061.95 ($73,000 * (1 - $3,000 / 
$113,000)). 
 
         The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being 
reduced for the withdrawal up to the MAW) to $97,345.13 ($100,000 * (1 - $3,000 / $113,000)). The MAW is then 
recalculated to be 7% of the new EPA, $6,814.15 ($97,345.13 * 7%). 
 
Example # 2: Contract Value is less than the MGWB Withdrawal Account 
 
         Assume the Contract Value (CV) before the withdrawal is $60,000, the Eligible Payment Amount (EPA) is 
$100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account 
(“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is 
calculated as follows: 
 
               The new CV is $50,000 ($60,000 - $10,000). 
               The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000). 
 
         The MGWB Withdrawal Account is first reduced dollar-for-dollar by the portion of the withdrawal up to the 
MAW to $73,000 ($80,000 - $7,000), and is then reduced pro-rata based on the ratio of the Excess Withdrawal 
Amount to the CV (after being reduced for the withdrawal up to the MAW) to $68,867.92 ($73,000 * (1 - $3,000 / 
$53,000)). 
 
         The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being 
reduced for the withdrawal up to the MAW) to $94,339.62 ($100,000 * (1 - $3,000 / $53,000)). The MAW is then 
recalculated to be 7% of the new EPA, $6,603.77 ($94,339.62 * 7%). 
 
Example # 3: Contract Value is equal to the MGWB Withdrawal Account 
 
         Assume the Contract Value (CV) before the withdrawal is $80,000, the Eligible Payment Amount (EPA) is 
$100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account 
(“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is 
calculated as follows: 
 
               The new CV is $70,000 ($80,000 - $10,000). 
               The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000). 
 
         The MGWB Withdrawal Account is first reduced dollar-for-dollar by the portion of the withdrawal up to the 
MAW to $73,000 ($80,000 - $7,000), and is then reduced pro-rata based on the ratio of the Excess Withdrawal 
Amount to the CV (after being reduced for the withdrawal up to the MAW) to $70,000.00 ($73,000 * (1 - $3,000 / 
$73,000)). 
 
         The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being 
reduced for the withdrawal up to the MAW) to $95,890.41 ($100,000 * (1 - $3,000 / $73,000)). The MAW is then 
recalculated to be 7% of the new EPA, $6,712.32 ($95,890.41 * 7%). 

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ReliaStar Life Insurance Company of New York 
ReliaStar Life Insurance Company of New York is a stock company domiciled in New York. 

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PART B
 
Statement of Additional Information
ING EMPIRE TRADITIONS VARIABLE ANNUITY 
Deferred Variable Annuity Prospectus
Issued by
SEPARATE ACCOUNT NY-B
of
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

This Statement of Additional Information is not a Prospectus. The information contained herein should be
read in conjunction with the prospectus for the ReliaStar Life Insurance Company of New York deferred
variable contract which is referred to herein. The prospectus sets forth information that a prospective
investor ought to know before investing. For a copy of the prospectus, send a written request to ReliaStar
Life Insurance Company of New York, Customer Service Center, P.O. Box 9271 Des Moines, Iowa 50306-
9271 or telephone 1-800-366-0066, or access the SEC’s website (http://www.sec.gov).

DATE OF PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION: 
 
April 30, 2010


                                                                                                           Table of Contents   
 
Item  Page 
 
Introduction             1 
Description of ReliaStar Life Insurance Company of New York             1 
Separate Account NY-B of ReliaStar Life Insurance Company of New York             1 
Safekeeping of Assets             1 
The Administrator             1 
Experts             2 
Distribution of Contracts             2 
Published Ratings             2 
Accumulation Unit Value             2 
Performance Information             3 
Other Information             4 
Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York             5 
Financial Statements of Separate Account NY-B             5 
Condensed Financial Information (Accumulation Unit Value)             5 

i


Introduction
This Statement of Additional Information provides background information regarding Separate Account NY-B.

Description of ReliaStar Life Insurance Company of New York
ReliaStar Life Insurance Company of New York (“RLNY”) is a New York stock life insurance company
originally incorporated on June 11, 1917 under the name, The Morris Plan Insurance Society. RLNY is
authorized to transact business in all states, the District of Columbia, the Dominican Republic and the
Cayman Islands and is principally engaged in the business of providing individual life insurance and
annuities, employee benefit products and services, retirement plans, and life and health insurance. Until
October 1, 2003, RLNY was a wholly-owned subsidiary of Security-Connecticut Life Insurance Company
(“Security-Connecticut”). Effective October 1, 2003, Security-Connecticut merged with and into its
parent, ReliaStar Life Insurance Company (“ReliaStar”). ReliaStar is an indirect wholly-owned subsidiary
of ING Groep, N.V. (“ING”), a global financial services holding company based in The Netherlands.
RLNY’s financial statements appear in the Statement of Additional Information.

RLNY, an affiliate of ING USA, is licensed to do variable annuity business in the state of New York.

Separate Account NY-B of ReliaStar Life Insurance Company of New York
Separate Account NY–B is a separate account established by the Company for the purpose of funding
variable annuity contracts issued by the Company. The separate account is registered with the Securities
and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company act of 1940,
as amended. Purchase payments to accounts under the contract may be allocated to one or more of the
subaccounts. Each subaccount invests in the shares of only one of the funds offered under the contracts.
We may make additions to, deletions from or substitutions of available investment options as permitted by
law and subject to the conditions of the contract. The availability of the funds is subject to applicable
regulatory authorization. Not all funds are available in all jurisdictions or under all contracts.

ING also owns Directed Services LLC the investment manager of ING Investors Trust and the distributor
of the Contracts, and other interests. ING also owns ING Investments, LLC and ING Investment
Management, LLC, portfolio managers of ING Investors Trust and the investment managers of the ING
Variable Insurance Trust and the ING Variable Products Trust, respectively. ING also owns Baring
International Investment Limited, another portfolio manager of ING Investors Trust. Our principle office
is located at 1000 Woodbury Road, Suite 208, Woodbury, New York 11797.

Safekeeping of Assets
RLNY acts as its own custodian for Separate Account NY–B.

The Administrator
On November 8, 1996, First Golden American Life Insurance Company of New York (“First Golden”) and
ING USA Annuity and Life Insurance Company (“ING USA”) entered into an administrative service
agreement pursuant to which ING USA agreed to provide certain accounting, actuarial, tax, underwriting,
sales, management and other services to First Golden. Beginning on April 1, 2002, the effective date of
the merger of First Golden into RLNY (“merger date”), the expenses incurred by ING USA in relation to
this service agreement will be reimbursed by RLNY on an allocated cost basis. As of the merger date,
RLNY will be obligated to reimburse these expenses. For the years ended December 31, 2009, 2008 and
2007, RLNY incurred expenses of $0, $0 and $0, respectively, under the agreement with ING USA.

Also on November 8, 1996, First Golden, ING USA and Directed Services LLC entered into a service
agreement pursuant to which First Golden and ING USA agreed to provide Directed Services LLC certain
of its personnel to perform management, administrative and clerical services and the use of certain of its
facilities. As of the merger date, RLNY will provide its personnel to provide such services. RLNY

1


expects to charge Directed Services LLC for such expenses and all other general and administrative costs,
first on the basis of direct charges when identifiable and second allocated based on the estimated amount
of time spent by RLNY’s employees on behalf of Directed Services LLC. For the year ended December
31, 2009, there were no charges to ING USA and Directed Services LLC for these services.

Experts
The statements of assets and liabilities of Separate Account NY-B as of December 31, 2009, and the
related statements of operations and changes in net assets for the periods disclosed in the financial
statements, and the statutory basis financial statements of ReliaStar Life Insurance Company of New York
as of December 31, 2009 and 2008, and for each of the three years in the period ended December 31, 2009,
included in the Statement of Additional Information, have been audited by Ernst & Young LLP,
independent registered public accounting firm, as set forth in their reports thereon appearing elsewhere
herein, and are included in reliance upon such reports given on the authority of such firm as experts in
accounting and auditing.

The primary business address of Ernst & Young LLP is Suite 1000, 55 Ivan Allen Jr. Boulevard,
Atlanta, GA 30308.

Distribution of Contracts
The offering of contracts under the prospectus associated with this Statement of Additional Information is
continuous. Directed Services LLC, an affiliate of RLNY, acts as the principal underwriter (as defined in
the Securities Act of 1933 and the Investment Company Act of 1940, as amended) of the variable
insurance products (the “variable insurance products”) issued by RLNY. The contracts are distributed
through registered representatives of other broker-dealers who have entered into selling agreements with
Directed Services LLC. For the years ended 2009, 2008 and 2007 commissions paid by ING USA,
including amounts paid by its affiliated Company, ReliaStar Life Insurance Company of New York, to
Directed Services LLC aggregated $6,918,468, $17,072,601 and $13,679,409, respectively. As of the
merger date, RLNY became the depositor for these variable insurance products. All commissions received
by the distributor were passed through to the broker-dealers who sold the contracts. Directed Services
LLC is located at 1475 Dunwoody Drive, West Chester, Pennsylvania 19380-1478.

Published Ratings
From time to time, the rating of RLNY as an insurance company by A.M. Best Company may be referred
to in advertisements or in reports to contract owners. Each year A.M. Best Company reviews the financial
status of thousands of insurers, culminating in the assignment of Best’s Ratings. These ratings reflect their
current opinion of the relative financial strength and operating performance of an insurance company in
comparison to the norms of the life/health insurance industry. Best’s ratings range from A++ to F. An
A++ and a A+ rating means, in the opinion of A.M. Best, that the insurer has demonstrated the strongest
ability to meet its respective policyholder and other contractual obligations.

Accumulation Unit Value
The calculation of the Accumulation Unit Value (“AUV”) is discussed in the prospectus for the Contracts
under “Performance Information.” Note that in your Contract, contract value is referred to as
accumulation value. The following illustrations show a calculation of a new AUV and the purchase of
Units (using hypothetical examples). Note that the examples below are calculated for a Contract issued
with the Annual Ratchet Death Benefit Option, the death benefit option with the highest mortality and
expense risk charge. The mortality and expense risk charge associated with the Standard Death Benefit
Option is lower than that used in the examples and would result in higher AUV’s or contract values.

2


Illustration of Calculation of AUV   
                   Example 1.   
                   1.  AUV, beginning of period  $10.00000000 
                   2.  Value of securities, beginning of period  $10.00000000 
                   3.  Change in value of securities  0.10000000 
                   4.  Gross investment return (3) divided by (2)  0.01000000 
                   5.  Less daily mortality and expense charge  0.00003446 
                   6.  Less asset based administrative charge  0.00000411 
                   7.  Net investment return (4) minus (5) minus (6)  0.00996163 
                   8.  Net investment factor (1.000000) plus (7)  1.00996163 
                   9.  AUV, end of period (1) multiplied by (8)  $10.09961430 
 
Illustration of Purchase of Units (Assuming No State Premium Tax)   
                   Example 2.   
                   1.  Initial Premium Payment  $1,000 
                   2.  AUV on effective date of purchase (see Example 1)  $10.00000000 
                   3.  Number of Units purchased [(1) divided by (2)]  100.00000000 
                   4.  AUV for valuation date following purchase (see Example 1)  $10.09961430 
                   5.  Contract Value in account for valuation date following   
  purchase [(3) multiplied by (4)]  $1,009.96 

Performance Information
From time to time, we may advertise or include in reports to contract owners performance information for
the subaccounts of Separate Account NY–B, including the average annual total return performance, yields
and other nonstandard measures of performance. Such performance data will be computed, or
accompanied by performance data computed, in accordance with standards defined by the SEC.

Except for the Liquid Assets subaccount, quotations of yield for the subaccounts will be based on all
investment income per unit (contract value divided by the accumulation unit) earned during a given 30-day
period, less expenses accrued during such period. Information on standard total average annual return
performance will include average annual rates of total return for 1, 5 and 10 year periods, or lesser periods
depending on how long Separate Account NY–B has been investing in the portfolio. We may show other
total returns for periods of less than one year. Total return figures will be based on the actual historic
performance of the subaccounts of Separate Account NY–B, assuming an investment at the beginning of
the period when the separate account first invested in the portfolio and withdrawal of the investment at the
end of the period, adjusted to reflect the deduction of all applicable portfolio and current contract charges.
We may also show rates of total return on amounts invested at the beginning of the period with no
withdrawal at the end of the period. Total return figures which assume no withdrawals at the end of the
period will reflect all recurring charges, but will not reflect the surrender charge. In addition, we may
present historic performance data for the investment portfolios since their inception reduced by some or all
of the fees and charges under the Contract. Such adjusted historic performance includes data that precedes
the inception dates of the subaccounts of Separate Account NY-B. This data is designed to show the
performance that would have resulted if the Contract had been in existence before the separate account
began investing in the portfolios.

3


Current yield for the Liquid Assets subaccount is based on income received by a hypothetical investment
over a given 7-day period, less expenses accrued, and then “annualized” (i.e., assuming that the 7-day
yield would be received for 52 weeks). We calculate “effective yield” for the Liquid Assets subaccount in
a manner similar to that used to calculate yield, but when annualized, the income earned by the investment
is assumed to be reinvested. The “effective yield” will thus be slightly higher than the “yield” because of
the compounding effect of earnings. We calculate quotations of yield for the remaining subaccounts on all
investment income per accumulation unit earned during a given 30-day period, after subtracting fees and
expenses accrued during the period, assuming no surrender. You should be aware that there is no
guarantee that the Liquid Assets subaccount will have a positive or level return.

We may compare performance information for a subaccount to: (i) the Standard & Poor’s 500 Stock
Index, Dow Jones Industrial Average, Donoghue Money Market Institutional Averages, or any other
applicable market indices; (ii) other variable annuity separate accounts or other investment products
tracked by Lipper Analytical Services (a widely used independent research firm which ranks mutual funds
and other investment companies), or any other rating service; and (iii) the Consumer Price Index (measure
for inflation) to determine the real rate of return of an investment in the Contract. Our reports and
promotional literature may also contain other information including the ranking of any subaccount based
on rankings of variable annuity separate accounts or other investment products tracked by Lipper
Analytical Services or by similar rating services.

Performance information reflects only the performance of a hypothetical contract and should be considered
in light of other factors, including the investment objective of the investment portfolio and market
conditions. Please keep in mind that past performance is not a guarantee of future results.

Other Information
Registration statements have been filed with the SEC under the Securities Act of 1933 as amended, with
respect to the Contracts discussed in this Statement of Additional Information. Not all of the information
set forth in the registration statements, amendments and exhibits thereto has been included in this
Statement of Additional Information. Statements contained in this Statement of Additional Information
concerning the content of the Contracts and other legal instruments are intended to be summaries. For a
complete statement of the terms of these documents, reference should be made to the instruments filed
with the Securities and Exchange Commission.

4


FINANCIAL STATEMENTS OF RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
The audited Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York are 
listed below and are included in this Statement of Additional Information: 
 
         Report of Independent Registered Public Accounting Firm 
                   Audited Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York 
                   Balance Sheets - Statutory Basis as of December 31, 2009 and 2008 
                   Statements of Operations – Statutory Basis for the years ended December 31, 2009, 2008 and 2007 
                   Statements of Changes in Capital and Surplus – Statutory Basis for the years ended December 31, 
                             2009, 2008 and 2007 
                   Statements of Cash Flows – Statutory Basis for the years ended December 31, 2009, 2008 and 2007 
         Notes to Financial Statements 
 
FINANCIAL STATEMENTS OF RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
The audited Financial Statements of ReliaStar Life Insurance Company of New York Separate Account 
NY–B are listed below and are included in this Statement of Additional Information: 
 
         Report of Independent Registered Public Accounting Firm 
                   Audited Financial Statements of ReliaStar Life Insurance Company of New York Separate 
                             Account NY–B 
                   Statements of Assets and Liabilities as of December 31, 2009 
                   Statements of Operations for the year ended December 31, 2009 
                   Statements of Changes in Net Assets for the years ended December 31, 2009 and 2008 
         Notes to Financial Statements 
 
CONDENSED FINANCIAL INFORMATION 

5


FINANCIAL STATEMENTS — STATUTORY BASIS

ReliaStar Life Insurance Company of New York

For the years ended December 31, 2009, 2008 and 2007 with Report of Independent Registered Public Accounting Firm


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Financial Statements – Statutory Basis
December 31, 2009
 
 
Contents
 
Report of Independent Registered Public Accounting Firm  1 
 
Audited Financial Statements - Statutory Basis   
 
Balance Sheets - Statutory Basis – as of December 31, 2009 and 2008  3 
Statements of Operations - Statutory Basis – for the years ended December 31, 2009,   
   2008 and 2007  5 
Statements of Changes in Capital and Surplus - Statutory Basis – for the years ended   
   December 31, 2009, 2008 and 2007  6 
Statements of Cash Flows - Statutory Basis – for the years ended December 31, 2009,   
   2008 and 2007  7 
Notes to Financial Statements - Statutory Basis  8 


Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholder
ReliaStar Life Insurance Company of New York

We have audited the accompanying statutory basis balance sheets of ReliaStar Life Insurance Company of New York (the “Company,” an indirect wholly owned subsidiary of ING America Insurance Holdings, Inc.), as of December 31, 2009 and 2008, and the related statutory basis statements of operations, changes in capital and surplus, and cash flows for each of the three years in the period ended December 31, 2009. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

As described in Note 1 to the financial statements, the Company presents its financial statements in conformity with accounting practices prescribed or permitted by New York Department of Commerce, Division of Insurance (“New York Insurance Department”), which practices differ from U.S. generally accepted accounting principles. The variances between such practices and U.S. generally accepted accounting principles are described in Note 1. The effects on the financial statements of these variances are not reasonably determinable but are presumed to be material.

In our opinion, because of the effects of the matter described in the preceding paragraph, the financial statements referred to above do not present fairly, in conformity with U.S. generally accepted accounting principles, the financial position of ReliaStar Life Insurance Company of New York at December 31, 2009 and 2008, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2009.


However, in our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of ReliaStar Life Insurance Company of New York at December 31, 2009 and 2008, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2009, in conformity with accounting practices prescribed or permitted by the New York Insurance Department.

As discussed in Note 1 to the financial statements, the Company changed its method of accounting for income taxes in 2009.

/s/ Ernst & Young LLP

Atlanta, Georgia
April 1, 2010


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Balance Sheets - Statutory Basis
 
 
                       December 31   
           2009    2008 
  (In Thousands) 
Admitted Assets       
Cash and invested assets:       
   Bonds  $ 1,605,909  $ 1,786,738 
   Preferred stocks  493    1,210 
   Common stocks  725    1,484 
   Mortgage loans  102,524    122,322 
   Contract loans  107,985    101,514 
   Other invested assets  28,874    36,192 
   Cash and short term investments  229,529    19,873 
Total cash and invested assets  2,076,039    2,069,333 
 
Deferred and uncollected premiums, less loading (2009-[$9,225]; 2008-$3,775)  12,576    (41,804) 
Accrued investment income  18,520    18,983 
Reinsurance balances recoverable  15,171    63,428 
Indebtedness from related parties  688    92,906 
Federal income tax recoverable  -    3,374 
Net deferred tax asset  20,442    19,981 
Separate account assets  1,065,783    980,972 
Other assets  209    298 
Total admitted assets  $ 3,209,428  $ 3,207,471 

The accompanying notes are an integral part of these financial statements.

3


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Balance Sheets - Statutory Basis
 
 
  December 31   
           2009    2008 
                     (In Thousands,   
  except share amounts) 
Liabilities and Capital and Surplus       
Liabilities:       
   Policy and contract liabilities:       
         Life and annuity reserves  $ 1,663,289  $ 1,761,516 
         Accident and health reserves  37,622    38,199 
         Deposit type contracts  83,810    70,265 
         Policyholders’ funds  1,333    1,383 
         Dividends payable  966    891 
         Policy and contract claims  27,666    32,951 
   Total policy and contract liabilities  1,814,686    1,905,205 
 
   Accounts payable and accrued expenses  7,806    5,601 
   Reinsurance balances  2,371    5,045 
   Indebtedness to related parties  13,703    17,770 
   Current federal income taxes payable (including $14,066 on       
         realized capital losses at December 31, 2009)  3,886    - 
   Contingency reserve  4,714    4,109 
   Asset valuation reserve  2,224    17,409 
   Borrowed money  -    73,833 
   Net transfers to separate accounts  (43,227)    (39,777) 
   Other liabilities  14,891    15,340 
   Separate account liabilities  1,065,783    980,972 
Total liabilities  2,886,837    2,985,507 
 
Capital and surplus:       
   Common stock: $2.00 par value; 1,377,863 shares authorized, issued       
         and outstanding  2,756    2,756 
   Paid in and contributed surplus  228,881    228,881 
   Special surplus funds  7,255    - 
   Unassigned surplus (deficit)  83,699    (9,673) 
Total capital and surplus  322,591    221,964 
Total liabilities and capital and surplus  $ 3,209,428  $ 3,207,471 

The accompanying notes are an integral part of these financial statements.

4


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Operations – Statutory Basis
 
 
  Year ended December 31   
  2009    2008    2007 
    (In Thousands)     
Premiums and other revenues:           
   Life, annuity, and accident and health premiums  $ 282,597  $ 525,488  $ 451,131 
   Considerations for supplementary contracts with life contingencies  4,074    13,103    771 
   Net investment income  103,303    112,999    117,963 
   Amortization of interest maintenance reserve  (1,664)    (220)    306 
   Commissions, expense allowances and reserve adjustments on           
reinsurance ceded  34,872    72,114    58,684 
   Other revenues  27,809    27,351    19,144 
Total premiums and other revenues  450,991    750,835    647,999 
 
Benefits paid or provided:           
   Death benefits  82,193    79,180    93,971 
   Annuity benefits  16,637    16,237    15,047 
   Surrender benefits and withdrawals  358,755    181,034    161,796 
   Interest on policy or contract funds  3,897    3,399    3,141 
   Accident and health benefits  26,195    29,314    28,082 
   Other benefits  2,615    1,440    1,084 
   (Decrease) increase in life, annuity, and accident and health reserves  (98,793)    171,324    (3,185) 
   Net transfers (from) to separate accounts  (149,308)    297,888    184,650 
Total benefits paid or provided  242,191    779,816    484,586 
 
Insurance expenses and other deductions:           
   Commissions  38,091    54,535    54,765 
   General expenses  43,176    56,515    51,988 
   Insurance taxes, licenses and fees  12,724    9,044    6,991 
   Other deductions (recovered expenses)  (12,064)    40,606    40,103 
Total insurance expenses and other deductions  81,927    160,700    153,847 
Gain (loss) from operations before policyholder dividends,           
   federal income taxes and net realized capital losses  126,873    (189,681)    9,566 
Dividends to policyholders  937    844    915 
Gain (loss) from operations before federal income taxes and net realized           
   capital losses  125,936    (190,525)    8,651 
Federal income tax expense  6,853    4,302    16,585 
Gain (loss) from operations before net realized capital losses  119,083    (194,827)    (7,934) 
Net realized capital losses  (23,837)    (2,080)    (4,838) 
Net income (loss)  $ 95,246  $ (196,907)  $ (12,772) 

The accompanying notes are an integral part of these financial statements.

5


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Changes in Capital and Surplus—Statutory Basis
 
 
                           Year ended December 31   
         2009  2008    2007 
    (In Thousands)     
Common stock:         
   Balance at beginning and end of year  $ 2,756  $ 2,756  $ 2,756 
 
Special surplus funds:         
   Balance at beginning and end of year  -  -    - 
   Admitted deferred tax asset per SSAP 10R  7,255  -    - 
   Balance at end of year  7,255  -    - 
 
Paid-in and contributed surplus:         
   Balance at beginning of year  228,881  138,881    138,881 
   Capital contribution  -  90,000    - 
   Balance at end of year  228,881  228,881    138,881 
 
Unassigned surplus (deficit)         
   Balance at beginning of year  (9,673)  145,313    136,575 
   Net income (loss)  95,246  (196,907)    (12,772) 
   Change in net unrealized capital losses  (3,198)  (898)    3,020 
   Change in nonadmitted assets  21,728  (52,660)    (3,889) 
   Change in liability for reinsurance in unauthorized companies  2,611  (4,009)    (538) 
   Change in asset valuation reserve  15,185  (710)    (1,892) 
   Other changes in surplus in separate accounts statement  -  -    (117) 
   Change in net deferred income tax  (34,963)  61,935    2,566 
   Deferred gain on reinsurance of existing business  -  39,976    41,385 
   Amortization of gain on reinsurance  (2,712)  (1,713)    (345) 
   Dividends to stockholder  -  -    (18,680) 
   Cumulative effect of change in accounting principle  (525)  -    - 
   Balance at end of year  83,699  (9,673)    145,313 
Total capital and surplus  $ 322,591  $ 221,964  $ 286,950 

The accompanying notes are an integral part of these financial statements.

6


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Cash Flows—Statutory Basis
 
 
 
  Year ended December 31   
  2009    2008    2007 
    (In Thousands)     
Operations           
Premiums, policy proceeds, and other considerations received,           
   net of reinsurance paid  $ 240,438  $ 587,695  $ 450,940 
Net investment income received  105,789    113,400    118,747 
Commission and expenses paid  (92,393)    (120,666)    (111,520) 
Benefits paid  (495,128)    (324,973)    (295,476) 
Net transfers from (to) separate accounts  145,805    (297,904)    (197,237) 
Dividends paid to policyholders  (861)    (797)    (777) 
Federal income taxes paid  14,500    (21,349)    (2,201) 
Miscellaneous income  111,423    54,509    76,990 
Net cash provided by (used in) operations  29,573    (10,085)    39,466 
 
Investment Activities           
Proceeds           
   Bonds  918,917    1,457,837    1,540,034 
   Stocks  2,334    2,969    2,143 
   Mortgage loans  19,798    21,933    29,100 
   Other invested assets  3,320    12,319    4,053 
   Miscellaneous proceeds  244    26,028    4,375 
Total proceeds from sales, maturities, or repayments of investments  944,613    1,521,086    1,579,705 
Cost of investments acquired:           
   Bonds  757,617    1,517,547    1,595,895 
   Stocks  902    1,035    2,156 
   Mortgage loans  -    8,100    7,080 
   Other invested assets  1,836    15,040    9,611 
   Miscellaneous applications  27,698    268    1,028 
Total cost of investments acquired  788,053    1,541,990    1,615,770 
Net increase in contract loans  (6,471)    (733)    (3,119) 
Net cash provided by (used in) investment activities  150,089    (21,637)    (39,184) 
 
Financing and Miscellaneous Activities           
Other cash provided (applied):           
   Capital Contributions  90,000    -    - 
   Borrowed money  (74,324)    2,178    594 
   Net deposits (withdrawals) on deposit type contracts  13,545    1,893    (6,300) 
   Dividends paid to stockholder  -    -    (18,680) 
   Other cash provided  773    2,629    4,034 
Net cash provided by (used in) financing and miscellaneous activities  29,994    6,700    (20,352) 
Net increase (decrease) in cash and short term investments  209,656    (25,022)    (20,070) 
Cash and short term investments:           
   Beginning of year  19,873    44,895    64,965 
   End of year  $ 229,529  $ 19,873  $ 44,895 

The accompanying notes are an integral part of these financial statements.

7


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

1. Nature of Operations and Significant Accounting Policies

ReliaStar Life Insurance Company of New York (the "Company") is domiciled in New York and is a wholly owned subsidiary of ReliaStar Life Insurance Company ("ReliaStar"), a Minnesota domiciled insurance company. ReliaStar is a wholly owned subsidiary of Lion Connecticut Holdings Inc. (“Lion”), a Connecticut domiciled non-insurance holding company. Lion, in turn, is a wholly owned subsidiary of ING America Insurance Holdings, Inc. (“ING AIH”), a Delaware domiciled non-insurance holding company. The Company’s ultimate parent is ING Groep, N.V. (“ING”), a global financial services company based in the Netherlands.

Description of Business

The Company principally provides and distributes life insurance and related financial services products, including individual life insurance and annuities, group life, and health products and services. The Company’s strategy is to offer a wide variety of products and services designed to address customers’ needs for financial security, especially tax advantaged savings for retirement and protection in the event of death. The Company is presently licensed in all 50 states and the District of Columbia.

Use of Estimates

The preparation of the financial statements of the Company requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein.

Recently Adopted Accounting Principles and Actuarial Guidelines

Effective July 1, 2009, the Company adopted SSAP No. 43R, Loan-backed and Structured Securities. This statement provides guidance on recording other-than-temporary impairments (“OTTI”) on loan-backed and structured securities. When the holder of a loan-backed or structured security with an unrealized loss position either has the intent to sell the security or does not have the intent and ability to hold the security for a period of time sufficient to recover the amortized cost basis, the security must be written down to fair value.

When the holder of a loan-backed or structured security in an unrealized loss position does not intend to sell the security and has the intent and ability to hold the security for a period of time sufficient to recover the amortized cost, the holder of the security must compare the present value of the expected future cash flows for this security to its amortized cost. If the present value of the expected future cash flows for the security is lower than its amortized cost, the security is written down to its present value of the expected future cash flows.

8


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

In both instances noted above, the total loss recorded is bifurcated between the interest related loss and the non-interest related loss. The interest related portion shall be recorded through the IMR and the non-interest related portion shall be recorded through the AVR. The effects on the Company's 2009 financial statements of adopting this change in accounting principle at July 1, 2009 were decreases in total admitted assets of $0.8, total liabilities of $0.3, and capital and surplus of $0.5. This adoption had no impact on net income.

Effective December 31, 2009, the Company adopted SSAP No. 10R, Income Taxes. This statement requires the Company to calculate admitted deferred tax assets based upon the gross admitted deferred asset to reverse within one year with a cap on the admitted portion of the deferred tax asset of 10% of capital and surplus for its most recently filed statement with the domiciliary state commissioner. If the Company’s risk-based capital (“RBC”) levels, after reflecting the above limitations, exceeds 250% of the authorized control level, the statement increases the limitation on admitted deferred tax assets from the deferred asset expected to reverse in one year to what is expected to reverse over the next three years and increases the cap on the admitted portion of the deferred tax asset from 10% of capital and surplus for its most recently filed statement with the domiciliary state commissioner to 15% of capital and surplus for its most recently filed statement with the domiciliary state commissioner. Other revisions in the statement include requiring the Company to reduce the gross deferred tax asset by a statutory valuation allowance adjustment if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the gross deferred tax assets will not be realized. The effects on the Company's 2009 financial statements of adopting this change in accounting principle at December 31, 2009 were increases to capital and surplus and total admitted assets of $7.3. This adoption had no impact on net income or total liabilities. The increase in capital and surplus related to the cumulative effect of adopting this change in accounting principle is disclosed in a separate line in the Statements of Changes in Capital and Surplus.

Effective December 31, 2009, the Company adopted Actuarial Guideline 43 – Variable Annuity Commissioners Annuity Reserve Valuation Method (“AG43”). The NAIC replaced the existing formula-based reserve standard methodology (AG34 – Death Benefits and New York Regulation 128 for living benefits (“Reg 128”) with a stochastic principles-based methodology (AG43) for determining reserves for all individual variable annuity contracts with and without guaranteed benefits and all group annuity contracts with guarantees issued on or after 1/1/1981. Variable payout annuity contracts are also subject to AG43. Under the requirements of AG43, there is no cumulative effect of adopting AG43. Reserves calculated using AG43 were higher than reserves calculated under AG34 and Reg 128 by $46.7. Where the application of AG43 produces higher reserves than the Company had otherwise established under AG34 and Reg 128, the Company may request a grade-in period, not to exceed three years, from the Domiciliary Commissioner. The grading shall be done only on reserves on the contracts in-force as of December 31, 2009. The reserves under the old basis and the new basis shall be

9


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

compared each year with two-thirds of the difference subtracted from the reserve under the new basis in 2009 and one-third of the difference subtracted from the new basis in 2010. The Company did not elect the grade-in provision, therefore reserves at December 31, 2009 reflect the full impact of the adoption of AG43.

Reclassifications

Reclassifications: Certain amounts in the Company’s statutory basis financial statements have been reclassified to conform to the 2009 financial statement presentation. These reclassifications reflect presentational differences on the balance sheet. There were no changes to total capital and surplus or net income. A reconciliation of the material presentational differences for 2008 balances are as follows:

  2008 Balance per Audited    2008 Balance per Audited 
  Financial Statements in  Amount  Financial Statements in 
  December 31, 2008  Reclassified  December 31, 2009 
    ( In Thousands)   
Liabilities       
   Acccounts payable and accrued expenses  $ 7,133 $  (1,532)  $ 5,601 
   Other liabilities  13,808  1,532  15,340 

Basis of Presentation

The accompanying financial statements of the Company have been prepared in conformity with accounting practices prescribed or permitted by the New York Insurance Department, which practices differ from United States generally accepted accounting principles (“GAAP”). The more significant variances from GAAP are:

Investments: Investments in bonds and mandatorily redeemable preferred stocks are reported at amortized cost or fair value based on the NAIC rating; for GAAP, such fixed maturity investments are designated at purchase as held to maturity, trading or available for sale. Held to maturity investments are reported at amortized cost, and the remaining fixed maturity investments are reported at fair value with unrealized capital gains and losses reported in operations for those designated as trading and as a separate component of other comprehensive income in stockholder’s equity for those designated as available for sale.

Management regularly reviews the value of the Company’s investments in bonds and mandatorily redeemable preferred stocks. If the value of any investment falls below its cost basis, the decline is analyzed to determine whether it is an other than temporary decline in value. To make this determination for each security, the following are some of the factors considered:

§ The length of time and the extent to which the fair value has been below cost.

10


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

§      The financial condition and near-term prospects of the issuer of the security, including any specific events that may affect its operations or earnings potential.
§      Management’s intent and ability to hold the security long enough for it to recover its value.

Based on the analysis, management makes a judgment as to whether the loss is other than temporary. If the loss is other than temporary, an impairment charge is recorded within net realized investment gains (losses) in the Statements of Operation in the period the determination is made.

The Company invests in structured securities including mortgage backed securities/ collateralized mortgage obligations, asset backed securities, collateralized debt obligations, and commercial mortgage backed securities. For these structured securities in unrealized loss positions in the periods after the adoption of SSAP No. 43R, management determines whether it has the intent and ability to hold the security for a period of time sufficient to recover the amortized cost. If management has the intent and ability to hold the security to recovery, the Company must compare the present value of the expected future cash flows for this security to its carrying value. If the present value of the expected future cash flows for the security is lower than its carrying value, the security is written down to its present value of the expected future cash flows.

When an OTTI is recorded because there is intent to sell or the holder does not have the intent and ability to hold the security for a period of time sufficient to recover the amortized cost basis, the security is written down to fair value. The total loss recorded is bifurcated between the interest related loss and the non-interest related loss. The interest related portion shall be recorded through the IMR and the non-interest related portion shall be recorded through the AVR.

For these structured securities in periods prior the adoption of SSAP No. 43R, management compared the undiscounted projected future cash flows to the carrying value and an OTTI was considered to have occurred when the undiscounted cash flows were less than the carrying value.

For GAAP, when a decline in fair value is determined to be other-than-temporary, the loss which is calculated as the difference between the securities carrying value and fair value is recorded in net realized capital gains (losses) in its entirety or bifurcated between net realized capital gains (losses) and accumulated other comprehensive income, as appropriate.

Statement of Statutory Accounting Principles (“SSAP”) No. 31, Derivative Instruments applies to derivative transactions entered into prior to January 1, 2003. The Company also follows the hedge accounting guidance in SSAP No. 86, Accounting for Derivative Instruments and Hedging Activities for derivative transactions entered into or modified on or after January 1, 2003. Under SSAP No. 86, derivatives that are deemed effective

11


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

hedges are accounted for entirely in a manner which is consistent with the underlying hedged item. Derivatives used in hedging transactions that do not meet the requirements of SSAP No. 86 as an effective hedge are carried at fair value with the change in value recorded in surplus as unrealized gains or losses. Embedded derivatives are not accounted for separately from the host contract. Under GAAP, the effective and ineffective portions of a single hedge are accounted for separately. An embedded derivative within a contract that is not clearly and closely related to the economic characteristics and risk of the host contract is accounted for separately from the host contract and valued and reported at fair value, and the change in fair value for cash flow hedges is credited or charged directly to a separate component of shareholder’s equity rather than to income as required for fair value hedges.

Valuation Reserves: The asset valuation reserve (“AVR”) is intended to establish a reserve to offset potential credit related investment losses on most invested asset categories. AVR is determined by an NAIC prescribed formula and is reported as a liability rather than as a valuation allowance or an appropriation of surplus. The change in AVR is reported directly to unassigned surplus.

Under a formula prescribed by the NAIC, the Company defers the portion of realized gains and losses on sales of fixed income investments, principally bonds and mortgage loans, attributable to changes in the general level of interest rates and amortizes those deferrals over the remaining period to maturity based on groupings of individual securities sold in five year bands. The Company’s net deferral of interest maintenance reserve (“IMR”) is negative and as such is reported as a component of other assets and completely nonadmitted in the accompanying Balance Sheets.

Realized gains and losses on investments are reported in the Statements of Operations net of federal income tax and transfers to the IMR. Under GAAP, realized capital gains and losses are reported in the Statements of Operations on a pretax basis in the period that the asset giving rise to the gain or loss is sold. Realized losses due to impairment are recorded when there has been a decline in value deemed to be other than temporary, in which case the provision for such declines is charged to income, or bifurcated to other comprehensive income, as appropriate.

Valuation allowances, if necessary, are established for mortgage loans based on the difference between the net value of the collateral, determined as the fair value of the collateral less estimated costs to obtain and sell, and the recorded investment in the mortgage loan. Under GAAP, such allowances are based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, if foreclosure is probable, on the estimated fair value of the collateral.

The initial valuation allowance and subsequent changes in the allowance for mortgage loans as a result of a temporary impairment are charged or credited directly to unassigned surplus. Under GAAP, such allowances are included as a component of earnings.

12


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Policy Acquisition Costs: The costs of acquiring and renewing business are expensed when incurred. Under GAAP, acquisition costs related to traditional life insurance, to the extent recoverable from future policy revenues, are deferred and amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For universal life insurance and investment products, to the extent recoverable from future gross profits, acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges and investment, mortality, and expense margins.

Premiums: Life premiums are recognized as revenue when due. Premiums for annuity policies with mortality and morbidity risk, except for guaranteed interest and group annuity contracts, are also recognized as revenue when due. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest and group annuity contracts are recorded using deposit accounting.

Under GAAP, premiums for traditional life insurance products, which include those products with fixed and guaranteed premiums and benefits and consist primarily of whole life insurance policies, are recognized as revenue when due. Group insurance premiums are recognized as premium revenue over the time period to which the premiums relate. Revenues for universal life, annuities and guaranteed interest contracts consist of policy charges for the cost of insurance, policy administration charges, amortization of policy initiation fees and surrender charges assessed during the period.

Benefit and Contract Reserves: Life policy and contract reserves under statutory accounting practices are calculated based upon both the net level premium and Commissioners’ Reserve Valuation methods (“CRVM”) using statutory rates for mortality and interest. GAAP requires that policy reserves for traditional products be based upon the net level premium method utilizing reasonably conservative estimates of mortality, interest, and withdrawals prevailing when the policies were sold. For interest sensitive products, the GAAP policy reserve is equal to the policy fund balance plus an unearned revenue reserve which reflects the unamortized balance of early year policy loads over renewal year policy loads.

Reinsurance: For business ceded to unauthorized reinsurers, statutory accounting practices require that reinsurance credits permitted by the treaty be recorded as an offsetting liability and charged against unassigned surplus. Under GAAP, an allowance for amounts deemed uncollectible would be established through a charge to earnings. Statutory income recognized on certain reinsurance treaties representing financing arrangements is not recognized on a GAAP basis.

Policy and contract liabilities ceded to reinsurers have been reported as reductions of the related reserves rather than as assets as required under GAAP.

13


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Commissions allowed by reinsurers on business ceded are reported as income when received rather than being deferred and amortized with deferred policy acquisition costs as required under GAAP.

Gains and losses generated in certain reinsurance transactions are deferred and amortized over the remaining life of the business for GAAP purposes. For statutory, losses are recognized immediately in income, with gains reported as a separate component of surplus and amortized over the remaining life of the business.

Nonadmitted Assets: Certain assets designated as “nonadmitted,” principally disallowed deferred federal income tax assets, disallowed interest maintenance reserves, non operating software, past due agents’ balances, furniture and equipment, intangible assets, and other assets not specifically identified as an admitted asset within the NAIC

Accounting Practices and Procedures Manual, are excluded from the accompanying Balance Sheets and are charged directly to unassigned surplus. Under GAAP, such assets are included in the Balance Sheets.

Employee Benefits: For purposes of calculating the Company’s postretirement benefit obligation, only vested participants and current retirees are included in the valuation. Under GAAP, active participants not currently vested are also included.

Universal Life and Annuity Policies: Revenues for universal life and annuity policies consist of the entire premium received and benefits incurred represent the total of death benefits paid and the change in policy reserves. Under GAAP, premiums received in excess of policy charges would not be recognized as premium revenue and benefits would represent the excess of benefits paid over the policy account value and interest credited to the account values.

Policyholder Dividends: Policyholder dividends are recognized when declared. Under GAAP, dividends are recognized over the term of the related policies.

Deferred Income Taxes: Deferred tax assets are provided for and admitted to an amount determined under a standard formula. This formula considers the amount of differences that will reverse over the next year, taxes paid in prior years that could be recovered through carrybacks, surplus limits, and the amount of deferred tax liabilities available for offset. For periods after the adoption of SSAP No. 10R and assuming certain minimum thresholds are met, the formula allows the Company to consider the amount that is expected to reverse over the next three years rather than the single year under SSAP No. 10. SSAP No. 10R also requires the Company to reduce the gross deferred tax asset by a statutory valuation allowance adjustment if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the gross deferred tax assets will not be realized. Any deferred tax assets not covered under the formula are nonadmitted. Deferred taxes do not include any amounts for state taxes. Under GAAP, a deferred tax asset is recorded for the amount of gross deferred tax

14


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

assets that are expected to be realized in future years and a valuation allowance is established for the portion that is not realizable.

Statements of Cash Flows: Cash and short term investments in the Statements of Cash Flows represent cash balances, demand deposits and short-term fixed maturity investments with initial maturities of one year or less at the date of acquisition. Under GAAP, the corresponding caption of cash and cash equivalents includes cash balances and investments with initial maturities of three months or less. Other invested assets include cash loaned through the Company’s reciprocal loan program.

Reconciliation to GAAP: The effects of the preceding variances from GAAP on the accompanying statutory basis financial statements have not been determined, but are presumed to be material.

Other significant accounting practices are as follows:

Investments: Investments are stated at values prescribed by the NAIC, as follows:

Bonds not backed by other loans are principally stated at amortized cost using the effective interest method.

Loan backed securities are stated at either amortized cost or the lower of amortized cost or fair market value. Amortized cost is determined using the effective interest method and includes anticipated prepayments. The retrospective adjustment method is used to determine the amortized cost for the majority of loan-backed and structured securities. For certain securities the prospective adjustment method is used, including interest only securities and securities that have experienced an other-than-temporary impairment.

Redeemable preferred stocks rated as high quality or better are reported at cost or amortized cost. All other redeemable preferred stocks are reported at the lower of cost, amortized cost, or fair value and nonredeemable preferred stocks are reported at fair value or the lower of cost or fair value as determined by the Securities Valuation Office of the NAIC (“SVO”).

Common stocks are reported at fair value as determined by the SVO and the related unrealized capital gains/losses are reported in unassigned surplus along with adjustment for federal income taxes.

The Company’s use of derivatives is primarily for economic hedging purposes to reduce the Company’s exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, and market risk. For those derivatives in effective hedging relationships, the Company values all derivative instruments on a consistent basis with the hedged item. Upon termination, gains and losses on instruments are included in the carrying values of the underlying hedged items and are amortized over the remaining lives of the hedged

15


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

items as adjustments to investment income or benefits from the hedged items. Any unamortized gains or losses are recognized when the underlying hedged items are sold. The unrealized gains and losses from derivatives not designated as accounting hedges are reported at fair value through surplus. Upon termination, interest related gains and losses are included in IMR and are amortized over the remaining lives of the derivatives; other gains and losses are added to the AVR. The Company enters into the following derivatives:

  • Interest rate swaps: Interest rate swaps are used to manage the interest rate risk in the Company’s fixed maturity portfolio, as well as the Company’s liabilities. Interest rate swaps represent contracts that require the exchange of cash flows at regular interim periods, typically monthly or quarterly. The net interest effect of such swap transactions is reported as an adjustment of interest income from the hedged items as incurred.

Credit default swaps and total return swaps are utilized to replicate the investment characteristics of permissible investments using the derivative in conjunction with other investments. Replicated (synthetic) assets filed with the NAIC SVO result in both the derivative and cash instrument being carried at amortized cost. The replication practices are in accordance with SSAP No. 86 permissible investments using the derivative in conjunction with other investments.

  • Credit default swaps: Credit default swaps are used to reduce the credit loss exposure with respect to certain assets that the Company owns, or to assume credit exposure on certain assets that the Company does not own. Payments are made to or received from the counterparty at specified intervals and amounts for the purchase or sale of credit protection. In the event of a default on the underlying credit exposure, the Company will either receive an additional payment (purchased credit protection) or will be required to make an additional payment (sold credit protection) equal to par minus recovery value of the swap contract.
  • Futures: The Company utilizes futures contracts in an anticipatory hedging program to hedge the effects of changes in interest rates related to commitments for future purchases of bonds.
  • Options: Call options are used to hedge against an increase in the various equity indices. Such increase may result in increased payments to contract holders of fixed indexed annuity contracts, and the options offset this increased expense. Put options are used to hedge the liability associated with embedded derivatives in certain variable annuity contracts and as part of a hedging program designed to mitigate the impact of potential declines in equity markets and their impact on regulatory capital.
    Options are reported at fair value.

Mortgage loans are reported at amortized cost, less write down for impairments.

16


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Contract loans are reported at unpaid principal balances.

The Company engages in reverse repurchase agreements and reverse dollar repurchase agreements. Such arrangements typically meet the requirements to be accounted for as financings. For both reverse repurchase agreements and reverse dollar repurchase agreements, company policies require that at all times during the respective agreement term, cash or other collateral types obtained is sufficient to allow the Company to find substantially all of the cost of purchasing replacement assets from others. Cash collateral received is used for general liquidity purposes and the offsetting collateral liability is included in borrowed money on the Balance Sheets.

The Company engages in securities lending whereby certain domestic bonds from its portfolio are loaned to other institutions for short periods of time. Collateral, primarily cash, which is in excess of the fair value of the loaned securities, is deposited by the borrower with a lending agent, and retained and invested by the lending agent to generate additional income for the Company. The Company does not have access to the collateral. The Company’s policy requires a minimum of 102% of the fair value of securities loaned to be maintained as collateral. The fair value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the fair value fluctuates.

Short term investments are reported at amortized cost which approximates fair value. Short term investments include investments with maturities of one year or less at the date of acquisition.

Partnership interests, which are included in other invested assets, are reported at the underlying audited GAAP equity of the investee. Changes in surplus from distributions are reported in investment income.

Realized capital gains and losses are determined using the first in first out method.

Cash on hand includes cash equivalents. Cash equivalents are short term investments that are both readily convertible to cash and have an original maturity date of three months or less.

Aggregate Reserve for Life Policies and Contracts: Life, annuity, and accident and health reserves are developed by actuarial methods and are determined based on published tables using statutorily specified interest rates and valuation methods that will provide, in the aggregate, reserves that are greater than or equal to the minimum or guaranteed policy cash value or the amounts required by law. Interest rates range from 2.25% to 8.25% for 2009.

The Company waives the deduction of deferred fractional premiums upon the death of the insured. It is the Company’s practice to return a pro rata portion of any premium paid

17


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

beyond the policy month of death, although it is not contractually required to do so for certain issues.

The methods used in valuation of substandard policies are as follows:

For life, endowment and term policies issued substandard, the standard reserve during the premium paying period is increased by 50% of the gross annual extra premium. Standard reserves are held on Paid-Up Limited Pay contracts.

For reinsurance accepted with table rating, the reserve established is a multiple of the standard reserve corresponding to the table rating.

For reinsurance with flat extra premiums, the standard reserve is increased by 50% of the flat extra.

The amount of insurance in force for which the gross premiums are less than the net premiums, according to the standard of valuation required by the New York Insurance Department, is $18.4 billion and $16.4 billion at December 31, 2009 and 2008, respectively. The amount of premium deficiency reserves for policies on which gross premiums are less than the net premiums is $105.2 and $112.2 at December 31, 2009 and 2008, respectively. The Company anticipates investment income as a factor in the premium deficiency calculation in accordance with SSAP No. 54, Individual and Group Accident and Health Contracts.

The tabular interest has been determined from the basic data for the calculation of policy reserves for all direct ordinary life insurance and for the portion of group life insurance classified as group Section 79. The method of determination of tabular interest of funds not involving life contingencies is as follows: current year reserves, plus payments, less prior year reserves, less funds added.

Reinsurance: Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Reserves are based on the terms of the reinsurance contracts and are consistent with the risks assumed. Premiums and benefits ceded to other companies have been reported as a reduction of premium revenue and benefits expense. Amounts applicable to reinsurance ceded for reserves and unpaid claim liabilities have been reported as reductions of these items, and expense allowances received in connection with reinsurance ceded have been reflected in operations.

Electronic Data Processing Equipment: Electronic data processing equipment is carried at cost less accumulated depreciation. Depreciation for major classes of such assets is calculated on a straight line basis over the estimated useful life of the asset.

18


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Participating Insurance: Participating business approximates less than 2.0% of the Company’s ordinary life insurance in force and 4.4% of premium income. The amount of dividends to be paid to participating policyholders is determined annually by the Board of Directors. Amounts allocable to participating policyholders are based on published dividend projections or expected dividend scales. Dividends expense of $0.9, $0.8 and $0.9 was incurred in 2009, 2008 and 2007, respectively.

Benefit Plans: The Company, through its parent or affiliates, provides noncontributory retirement plans for substantially all employees and certain agents. Pension costs are charged to operations as contributions are made to the plans. The Company also provides a contributory retirement plan for substantially all employees.

Nonadmitted Assets: Nonadmitted assets are summarized as follows:

  December 31   
  2009    2008 
  (In Thousands) 
Deferred federal income taxes  $ 79,943  $ 113,476 
Agents’ debit balances  329    330 
Deferred and uncollected premiums  1,914    1,348 
Other  5,584    1,431 
Total nonadmitted assets  $ 87,770  $ 116,585 

Changes in nonadmitted assets are generally reported directly in unassigned surplus as an increase or decrease in nonadmitted assets.

Claims and Claims Adjustment Expenses: Claims expenses represent the estimated ultimate net cost of all reported and unreported claims incurred through December 31, 2009. The Company does not discount claims and claims adjustment expense reserves. Such estimates are based on actuarial projections applied to historical claim payment data. Such liabilities are considered to be reasonable and adequate to discharge the Company’s obligations for claims incurred but unpaid as of December 31, 2009.

Guaranteed Benefits: For variable annuity guarantees, Actuarial Guideline 43 (“AG43”) is followed. This guideline interprets how to apply the NAIC Commissioners’ Annuity Reserve Valuation Method to Variable Annuities. The greater of the result under a single deterministic “Standard Scenario” and the average of the most severe 30% of randomly generated stochastic scenarios is held. Both reinsurance and hedging are also reflected. Taxes are not incorporated. All assumptions for the Standard Scenario are prescribed. For the stochastic scenarios, equity market returns must meet a calibration test. All other assumptions are set by the actuary using prudent best-estimates. AG43 replaces Actuarial Guidelines 34 and Reg 128 for Variable Annuities effective December 31, 2009. Per AG43, the reserve as of January 1, 2009 shall be the sum of the reserves from the asset adequacy analysis requirements in AG34 and Reg 128. Therefore, there was no cumulative effect of adopting AG 43 in 2009. Where the application of AG43 produces

19


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

higher reserves that the Company had otherwise established under AG 34 and Reg 128, the Company may request a grade-in period, not to exceed three years, from the Domiciliary Commissioner. The grading shall be done only on reserves on the contracts in-force as of December 31, 2009. The reserves under the old basis and the new basis shall be compared each year with two-thirds of the difference subtracted from the reserve under the new basis in 2009 and one-third of the difference subtracted from the new basis in 2010. The Company did not elect the grade-in provision, therefore reserves at December 31, 2009 reflect the full impact of the adoption of AG43.

Cash Flow Information: Cash and short term investments include cash on hand, demand deposits and short term fixed maturity instruments with a maturity of less than one year at date of acquisition. Other invested assets include cash loaned through the Company’s reciprocal loan program.

Separate Accounts: Most separate account assets and liabilities held by the Company represent funds held for the benefit of the Company’s variable life and annuity policy and contract holders who bear all of the investment risk associated with the policies. Such policies are of a non-guaranteed nature. All net investment experience, positive or negative, is attributed to the policy and contract holders’ account values. The assets and liabilities of these accounts are carried at fair value and are legally segregated and are not subject to claims that arise out of any other business of the Company.

Reserves related to the Company’s mortality risk are included in life and annuity reserves. These reserves include reserves for guaranteed minimum death benefits (before reinsurance) that totaled $20.8 and $22.6 at December 31, 2009 and 2008, respectively. The operations of the separate accounts are not included in the accompanying financial statements.

2. Permitted Statutory Basis Accounting Practices

The financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the New York Insurance Department. The New York Insurance Department recognizes only statutory accounting practices prescribed or permitted by the State of New York for determining and reporting the financial condition and results of operations of an insurance company and for determining its solvency under the New York Insurance Laws. The NAIC Accounting Practices and Procedures Manual has been adopted as a component of prescribed or permitted practices by the State of New York. The New York Commissioner of Insurance has the right to permit other specific practices that deviate from prescribed practices.

The Company is required to identify those significant accounting practices that are permitted, and obtain written approval of the practices from the New York Insurance Department. As of December 31, 2009, 2008, and 2007, the Company had no such permitted accounting practices.

20


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

3. Investments

Fixed Maturities and Equity Securities           
 
The cost or amortized cost and fair value of bonds and equity securities are as follows:   
 
  Cost or  Gross  Gross     
  Amortized  Unrealized  Unrealized       Fair 
               Cost  Gains  Losses     Value 
    (In Thousands)     
December 31, 2009:           
U.S. Treasury securities and           
     obligations of U.S. government           
     corporations and agencies  $ 268,734  $ 2,059  $ 26,116  $ 244,677 
States, municipalities,           
     and political subdivisions  6,410  -  1,486    4,924 
Foreign other (par value - $235,292)  234,497  4,903  11,705    227,695 
Foreign government (par value - $3,557)  3,754  475  70    4,159 
Public utilities securities  24,205  639  191    24,653 
Corporate securities  723,451  26,969  18,491    731,929 
Residential mortgage backed securities  98,311  2,261  15,150    85,422 
Commercial mortgage backed securities  208,704  1,441  45,401    164,744 
Other asset backed securities  40,015  1,837  3,817    38,035 
Total fixed maturities  1,608,081  40,584  122,427    1,526,238 
Preferred stocks  493  -  55    438 
Common stocks  355  370  -    725 
Total equity securities  848  370  55    1,163 
Total  $ 1,608,929  $ 40,954  $ 122,482  $ 1,527,401 

21


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

  Cost or  Gross             Gross   
  Amortized  Unrealized  Unrealized               Fair 
               Cost  Gains             Losses             Value 
    (In Thousands)   
December 31, 2008:         
U.S. Treasury securities and         
   obligations of U.S. government         
   corporations and agencies  $ 201,311  $ 11,832  $ 1,725  $ 211,418 
States, municipalities,         
   and political subdivisions  6,600  -  2,487  4,113 
Foreign other (par value - $207,242)  207,387  625  43,298  164,714 
Foreign government (par value - $3,982)  4,224  497  469  4,252 
Public utilities securities  25,943  -  3,301  22,642 
Corporate securities  719,407  7,556  104,038  622,925 
Residential mortgage backed securities  297,962  4,223  39,569  262,616 
Commercial mortgage backed securities  221,944  1  73,122  148,823 
Other asset backed securities  101,961  146  22,365  79,742 
Total fixed maturities  1,786,739  24,880  290,374  1,521,245 
Preferred stocks  1,210  -  484  726 
Common stocks  1,270  303  89  1,484 
Total equity securities  2,480  303  573  2,210 
Total  $ 1,789,219  $ 25,183  $ 290,947  $ 1,523,455 

Reconciliation of bonds from amortized cost to carrying value is as follows:   
                                     December 31 
  2009    2008 
  (In Thousands) 
Amortized cost  $ 1,608,081  $ 1,786,739 
Adjustments for below investment grade bonds  (2,172)    (1) 
Carrying value  $ 1,605,909  $ 1,786,738 

The aggregate fair value of debt securities with unrealized losses and the time period that 
cost exceeded fair value are as follows:     
    More than 6     
  Less than  Months and Less             More than   
  6 Months  than 12 Months             12 Months   
  Below Cost  Below Cost             Below Cost  Total 
December 31, 2009                                     (In Thousands)   
Fair value  $ 230,544  $ 35,307  $ 424,449  $ 690,300 
Unrealized loss  6,311  3,689                         112,427  122,427 
 
December 31, 2008         
Fair value  $ 233,454  $ 300,562  $ 537,323  $ 1,071,339 
Unrealized loss  14,551  43,682                         232,141  290,374 

The amortized cost and fair value of investments in bonds at December 31, 2009, by 
contractual maturity, are shown below. Expected maturities may differ from contractual 

22


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

maturities because borrowers may have the right to call or prepay obligations with or 
without call or prepayment penalties.     
  Amortized                 Fair 
                 Cost               Value 
  (In Thousands) 
Maturity:     
     Due in 1 year or less  $ 26,409  $ 26,959 
     Due after 1 year through 5 years  223,623  229,384 
     Due after 5 years through 10 years  409,791  413,357 
     Due after 10 years  601,228  568,337 
  1,261,051  1,238,037 
Residential mortgage backed securities  98,311  85,422 
Commercial mortgage backed securities  208,704  164,744 
Other asset backed securities  40,015  38,035 
Total  $ 1,608,081  $ 1,526,238 

At December 31, 2009 and 2008, investments in certificates of deposit and bonds with an admitted asset value of $6.0 and $6.0, respectively, were on deposit with state insurance departments to satisfy regulatory requirements.

The Company does not originate or purchase subprime or Alt-A whole-loan mortgages. The Company does have exposure to Residential Mortgage-Backed Securities (“RMBS”) and asset-backed securities (“ABS”). Subprime lending is the origination of loans to customers with weaker credit profiles. The Company defines Alt-A Loans to include residential mortgage loans to customers who have strong credit profiles but lack some element(s), such as documentation to substantiate income. Commencing in the fourth quarter of 2007, the Company expanded its definition of Alt-A loans to include residential mortgage loans to borrowers that would otherwise be classified as prime but whose loan structure provides repayment options to the borrower that increase the risk of default. Further, during the fourth quarter of 2007, the industry coalesced around classifying any securities backed by residential mortgage collateral not clearly identifiable as prime or subprime into the Alt-A category, and the Company is following that lead.

The market for securities collateralized by subprime mortgages has been in a period of extended turbulence and uncertainty with regards to credit performance. Underlying collateral has continued to reflect the problems associated with a housing market that has seen substantial price declines and an employment market that has declined significantly. Credit spreads have widened meaningfully and rating agency downgrades have been widespread and severe within the sector. Over the course of 2009, price transparency and liquidity for bonds backed by subprime mortgages did improve with the stabilization across broader risk markets. In managing its risk exposure to subprime mortgages, ING takes into account collateral performance and structural characteristics associated with its various positions. It constructs various scenarios to project forward looking cashflows for each bond. ING’s views are updated quarterly to ensure other than temporary

23


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

impairments are properly recorded and attempts to exit positions when perceived intrinsic 
values are in excess of market values.       
 
The following table summarizes the Company’s exposure to subprime mortgage backed 
holdings and Alt-A mortgage backed securities through other investments as of 
December 31, 2009:         
 
  Book/Adjusted    Other Than 
  Carrying Value    Temporary 
    (Excluding    Impairment Losses 
  Actual Cost  Interest)  Fair Value  Recognized 
                 (In Thousands)   
   Residential mortgage backed         
   securities  $2,555 $1,970 $1,227  $ 92 
   Structured securities  26,760              26,232 17,967  1,572 
   Total  $29,315             $28,202 $19,194  $ 1,664 

The following table summarizes the Company’s exposure to subprime mortgage backed 
holdings and Alt-A mortgage backed securities through other investments as of 
December 31, 2008:             
      Book/Adjusted      Other Than 
      Carrying Value      Temporary 
      (excluding      Impairment Losses 
  Actual Cost  interest)  Fair Value  Recognized 
                         (In Thousands)     
   Residential mortgage backed           
   securities  $ 68,881  $ 68,661  $ 38,026  $ 2,326 
   Structured securities    29,689  29,787    18,737  1,140 
   Total  $ 98,570  $ 98,448  $ 56,763  $ 3,466 

24


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The following table summarizes the Company’s exposure to subprime mortgage backed 
holdings and Alt-A mortgage backed securities through other investments as of 
December 31, 2007:             
 
      Book/Adjusted      Other Than 
      Carrying Value      Temporary 
      (excluding      Impairment Losses 
  Actual Cost  interest)  Fair Value  Recognized 
      (In Thousands)     
   Residential mortgage backed           
   securities  $ 90,270  $ 89,960  $ 86,023  $ - 
   Structured securities    35,333  35,439    32,367  360 
   Total  $ 125,603  $ 125,399  $ 118,390  $ 360 

The Company did not have underwriting exposure to subprime mortgage risk through investments in subprime mortgage loans, Mortgage Guaranty or Financial Guaranty insurance coverage as of December 31, 2009.

Transfer of Alt-A RMBS Participation Interest

On January 26, 2009, ING announced it reached an agreement, for itself and on behalf of certain ING affiliates, with the Dutch State on an Illiquid Assets Back-up Facility (the “Back-up Facility”) covering 80% of ING’s Alt-A residential mortgage-backed securities (“Alt-A RMBS”). Under the terms of the Back-up Facility, a full credit risk transfer to the Dutch State was realized on 80% of ING’s Alt-A RMBS owned by ING Bank, FSB and ING affiliates within ING Insurance Americas with a book value of $36.0 billion. The Company did not participate in this portion of the Back-up Facility. As a result of the risk transfer, the Dutch State will participate in 80% of any results of the ING Alt-A RMBS portfolio. The risk transfer to the Dutch State took place at a discount of 10% of par value. In addition, under the Back-up Facility, other fees were paid both by ING affiliates and the Dutch State. Each ING company participating in the ING-Dutch State Transaction remains the legal owner of 100% of its Alt-A RMBS portfolio and will remain exposed to 20% of any results on the portfolio. The ING-Dutch State Transaction closed on March 31, 2009, with the affiliate participation conveyance and risk transfer to the Dutch State described in the succeeding paragraph taking effect as of January 26, 2009.

In a second transaction, known as the Step 1 Cash Transfer, a portion of the Company’s Alt-A RMBS which had a book value of approximately $65.0 was sold for cash to an affiliate, Lion II Custom Investments LLC (“Lion II”). Immediately thereafter, Lion II sold to ING Direct Bancorp the purchased securities (the “Step 2 Cash Transfer”). Contemporaneous with the Step 2 Cash Transfer, ING Direct Bancorp included such purchased securities as part of its Alt-A RMBS portfolio sale to the Dutch State. The Step 1 Cash Transfer closed on March 31, 2009 contemporaneous with the closing of the ING-Dutch Transaction.

25


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Since the Company had the intent to sell as of December 31, 2008, a portion of its Alt-A RMBS as part of the Step 1 Cash Transfer, the Company evaluated the securities for impairment under INT 06-07: Definition of Phrase “Other Than Temporary” and SSAP No. 43, “Loan-backed and Structured Securities.” Per SSAP No. 43, the book value of the other-than-temporary impaired security must be written down to the estimated undiscounted future cash flows. In applying of SSAP No. 43, the Company considered the estimated undiscounted future cash flows for the impairment to be the remaining undiscounted cash flows on the security over its expected life. Since the estimated undiscounted future cash flow from these securities exceeded the carrying value of the securities at December 31, 2008, no impairment was recorded. The Company recorded a realized loss of $4.5 related to this transaction during the first quarter of 2009. See the ING Restructuring Plan disclosure in Commitments and Contingencies for more on this transaction.

Mortgage Loans

Fire insurance is required on all properties covered by mortgage loans and must at least equal the excess of the loan over the maximum loan which would be permitted by law on the land without the buildings. Generally all risk coverage at replacement cost is required for a property securing real estate finance investments.

The Company had no impaired mortgage loans for 2009 or 2008.

Net Realized Capital Gains and Losses

Realized capital gains (losses) are reported net of federal income taxes and amounts transferred to the IMR as follows:

      Year ended December 31   
    2009  2008    2007 
      (In Thousands)     
Realized capital losses  $ (44,079)  $ (1,101)  $ (9,403) 
Amount transferred to IMR (net of related taxes of           
   $(3,325) in 2009, $(1,334) in 2008 and $(1,613) in 2007)  6,176  2,477    2,996 
Federal income tax benefit (expense)    14,066  (3,456)    1,569 
Net realized capital losses  $ (23,837)  $ (2,080)  $ (4,838) 

Realized capital losses include losses of $12.9, $16.4, and $5.4 related to securities that have experienced an other-than-temporary decline in value in 2009, 2008, and 2007, respectively.

Proceeds from sales of investments in bonds and other fixed maturity interest securities were $0.6 billion, $0.5 billion and $0.6 billion in 2009, 2008 and 2007, respectively. Gross gains of $13.0, $7.1, and $4.1 and gross losses of $19.9, $15.3, and $7.3 during 2009, 2008 and 2007, respectively, were realized on those sales. A portion of the gains

26


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

and losses realized in 2009, 2008, and 2007 has been deferred to future periods in the 
IMR. 
 
The following table discloses in aggregate the OTTI’s recognized by the Company in 
accordance with structured securities subject to SSAP No. 43R: 

  Amortized Cost  Other-than-Temporary Impairments   
  Basis Before OTTI  Interest  Non-interest  Fair Value 
 
 
Aggregate intent to sell  $ -  $ -  $ -  $ - 
Aggregate inability or lack of intent to         
hold to recovery  -  -  -  - 
Aggregate present value of expected         
cash flows below amortized cost  12,481  -  1,967  7,191 
Total  $ 12,481  $ -  $ 1,967  $ 7,191 

The following table discloses in detail the OTTI’s recognized by the Company in 
accordance with structured securities subject to SSAP No. 43R:       

  Amortized Cost       
  Before Current  Recognized  Amortized Cost   
Cusip  Period OTTI  OTTI  After OTTI  Fair Value 
    (In Thousands)   
1248MGAL8  $ 2,000  $ 427  $ 1,573  $ 788 
17311CAE1  210  189  21  4 
74924WAF4  155  138  17  2 
00075VAG6  14  5  9  1 
1248MGAL8  1,566  69  1,497  894 
126685AM8  890  28  862  252 
362341S59  5,341  989  4,352  4,252 
46629QAD8  1,300  23  1,277  676 
59023XAD8  998  92  906  322 
63860MAA6  7  7                               -  - 
Total  $ 12,481  $ 1,967  $ 10,514  $ 7,191 

27


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The following table discloses structured securities subject to SSAP No. 43R with book 
values greater than fair values, but other-than-temporary declines have not been 
recognized:     
  December 31, 2009 
 
    Aggregate fair value of 
  Aggregate amount of  investments in 
  unrealized losses  unrealized loss position 
  (in thousands) 
 
Securities that have been in unrealized loss position     
for less than 12 months  $2,140   $23,853 
 
Securities that have been in unrealized loss position     
for greater than 12 months                                               62,228  126,150 
Total  $ 64,368   $150,003 

For the years ended December 31, 2009, 2008 and 2007, realized capital losses include 
$3.6, $0.7 and $1.1 respectively related to Limited Partnerships that have experienced an 
other than temporary decline in value.         
 
Investment Income         
 
Major categories of net investment income are summarized as follows:     
 
    Year ended December 31   
  2009  2008    2007 
    (In Thousands)     
Income:         
     Bonds  $ 89,282  $ 97,940  $ 96,604 
     Mortgage loans  7,286  9,091    9,688 
     Contract loans  7,312  6,776    7,092 
     Other  2,066  4,113    10,296 
Total investment income  105,946  117,920    123,680 
Investment expenses  (2,643)  (4,921)    (5,717) 
Net investment income  $ 103,303  $ 112,999  $ 117,963 

  Repurchase Agreements

The Company entered into reverse dollar repurchase transactions to increase its return on
investments and improve liquidity. Reverse dollar repurchases involve a sale of
securities and an agreement to repurchase substantially the same securities as those sold.
The repurchase obligation totaled $0 and $73.8 at December 31, 2009 and 2008,
respectively. The securities underlying these agreements are mortgage backed securities
with a book value of $0 and $72.7 and fair value of $0 and $74.7 at December 31, 2009
and 2008, respectively. The primary risk associated with short term collateralized

28


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

borrowing is that the counterparty may be unable to perform under the terms of the contract. The Company’s exposure is limited to the excess of the net replacement cost of the securities over the value of the short term investments, which was not material at December 31, 2009. The Company believes that the counterparties to the reverse dollar repurchase agreements are financially responsible and that counterparty risk is minimal based on counterparty and ongoing monetary processes.

Low-Income Housing Tax Credits

The Company had a carrying value of $0.4 in Low-Income Housing Tax Credits (“LIHTC”) at December 31, 2009. The tax credits are projected to expire in 2018. The Company is indifferent to the holding period of the investments as the credits are guaranteed by a third party. The Company is unaware of any current regulatory reviews of the LIHTC property.

Securities Lending

The Company had loaned securities, which are reflected as invested assets on the Balance Sheets, with a fair value of approximately $46.8 and $31.8 at December 31, 2009 and 2008, respectively.

4. Derivative Financial Instruments Held for Purposes Other than Trading

Premiums paid for the purchase of interest rate contracts are included in other invested assets on the Balance Sheets and are being amortized to interest expense over the remaining terms of the contracts or in a manner consistent with the financial instruments being hedged.

Amounts paid or received, if any, from such contracts are included in interest expense or income on the statements of operations. Accrued amounts payable to or receivable from counterparties are included in other liabilities or other invested assets. Gains or losses realized as a result of early terminations of interest rate contracts are amortized to investment income over the remaining term of the items being hedged to the extent the hedge is considered to be effective; otherwise, they are recognized upon termination.

Derivatives that are designated as being in an effective hedging relationship are reported in a manner that is consistent with the hedged asset or liability. Derivative contracts that are matched or otherwise designated to be associated with other financial instruments are recorded at fair value if the related financial instruments mature, are sold, or are otherwise terminated or if the interest rate contracts cease to be effective hedges. Changes in the fair value of derivatives not designated in effective hedging relationships are recorded as unrealized gains and losses in surplus.

29


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The Company is exposed to credit loss in the event of nonperformance by counterparties on certain derivative contracts; however, the Company does not anticipate nonperformance by any of these counterparties. The amount of such exposure is generally the unrealized gains in such contracts. The Company manages the potential credit exposure from interest rate contracts through careful evaluation of the counterparties’ credit standing, collateral agreements, and master netting agreements.

The table below summarizes the Company’s derivative contracts included in other invested assets or other liabilities at December 31, 2009 and 2008:

    Notional  Carrying  Fair 
    Amount  Value  Value 
      (In Thousands)   
  December 31, 2009       
  Derivative contracts:       
       Options owned  $ 23,786  $ 753  $ 753 
       Futures owned  86,049  737  737 
       Swaps  28,320  (1,707)  (1,690) 
  Total derivatives  $ 138,155  (217)  (200) 
 
  December 31, 2008       
  Derivative contracts:       
       Options owned  $ 26,230  $ 252  $ 252 
       Futures owned  (77,750)  (1,163)  (1,163) 
       Swaps  5,931  192  192 
  Total derivatives  $ (45,589)  $ (719)  $ (719) 
 
 
 
5.  Concentrations of Credit Risk       

The Company held below investment grade corporate bonds with an aggregate book value of $111.3 and $90.9 and an aggregate fair value of $83.2 and $58.2 at December 31, 2009 and 2008, respectively. Those holdings amounted to 6.93% of the Company’s investments in bonds and 5.19% of total admitted assets at December 31, 2009. The holdings of below investment grade bonds are widely diversified and of satisfactory quality based on the Company’s investment policies and credit standards.

The Company held unrated bonds of $106.9 and $15.3 with an aggregate NAIC fair value of $90.0 and $13.1 at December 31, 2009 and 2008, respectively. The carrying value of these holdings amounted to 6.66% of the Company’s investment in bonds and 4.99% of the Company’s total admitted assets at December 31, 2009.

At December 31, 2009, the Company’s commercial mortgages involved a concentration of properties located in California (36.1%) and Texas (17.3%). The remaining commercial mortgages relate to properties located in 19 other states. The portfolio is well diversified, covering many different types of income producing properties on which

30


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

the Company has first mortgage liens. The maximum mortgage outstanding on any individual property is $6.9.

6. Annuity Reserves

At December 31, 2009 and 2008, the Company’s annuity reserves, including those held in separate accounts and deposit fund liabilities that are subject to discretionary withdrawal (with adjustment), subject to discretionary withdrawal (without adjustment), and not subject to discretionary withdrawal provisions are summarized as follows:

  Amount  Percent   
  (In Thousands)     
December 31, 2009       
Subject to discretionary withdrawal (with adjustment):       
   With market value adjustment  $ 3,121  0.2  % 
   At book value less surrender charge  45,000  3.3   
   At fair value  982,136  71.6   
Subtotal  1,030,257  75.1   
Subject to discretionary withdrawal (without adjustment):       
   At book value with minimal or no charge or adjustment  282,250  20.6   
Not subject to discretionary withdrawal  58,943  4.3   
Total annuity reserves and deposit fund liabilities  $ 1,371,450  100.0  % 
 
December 31, 2008       
Subject to discretionary withdrawal (with adjustment):       
   With market value adjustment  $ 5,072  0.4  % 
   At book value less surrender charge  37,665  2.9   
   At fair value  904,436  69.7   
Subtotal  947,173  73.0   
Subject to discretionary withdrawal (without adjustment):       
   At book value with minimal or no charge or adjustment  294,845  22.7   
Not subject to discretionary withdrawal  55,712  4.3   
Total annuity reserves and deposit fund liabilities  $ 1,297,730  100.0  % 

Of the total net annuity reserves and deposit fund liabilities of $1.4 billion at December 31, 2009, $0.4 billion is included in the general account, and $1.0 billion is included in the separate account. Of the total net annuity reserves and deposit fund liabilities of $1.3 billion at December 31, 2008, $0.4 billion is included in the general account, and $0.9 billion is included in the separate account.

7. Employee Benefit Plans

Defined Benefit Plan: ING North America Insurance Corporation (“ING North America”) sponsors the ING Americas Retirement Plan (the “Qualified Plan”), effective as of December 31, 2001. Effective January 1, 2009, the Qualified Plan is no longer

31


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

available to new employees or re-hires. Employees of ING North America and its subsidiaries and affiliates (excluding certain employees) hired by December 31, 2008 will continue to be eligible to participate in the Qualified Plan.

The Qualified Plan is a tax qualified defined benefit plan, the benefits of which are guaranteed (within certain specified legal limits) by the Pension Benefit Guaranty Corporation (“PBGC”). As of January 1, 2002, each participant in the Qualified Plan (except for certain specified employees) earns a benefit under a final average compensation formula. The costs allocated to the Company for its employees’ participation in the Retirement Plan were $1.8, $1.0 and $1.0 for 2009, 2008 and 2007, respectively. ING North America is responsible for all Qualified Plan liabilities.

8. Separate Accounts

Separate account assets and liabilities represent funds segregated by the Company for the benefit of certain policy and contract holders who bear the investment risk. Revenues and expenses on the separate account assets and related liabilities equal the benefits paid to the separate account policy and contract holders.

32


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The general nature and characteristics of the separate accounts business follows:   
  Non-Indexed  Non-     
  Guarantee  Guaranteed     
  Less than/  Separate     
  Equal to 4%  Accounts     Total 
    (In Thousands)     
December 31, 2009         
Premium, consideration or deposits for the year  $ -  $ 147,845  $ 147,845 
 
Reserves for separate accounts with assets at:         
     Fair value  $ -  $ 1,022,057  $ 1,022,057 
     Amortized cost  499  -    499 
Total reserves  $ 499  $ 1,022,057  $ 1,022,556 
 
Reserves for separate accounts by         
     withdrawal characteristics:         
     Subject to discretionary withdrawal:         
           With market value adjustment  $ 499  $ -  $ 499 
           At market value  -  1,020,807    1,020,807 
     Subtotal  499  1,020,807    1,021,306 
     Not subject to discretionary withdrawal  -  1,250    1,250 
Total separate account reserves  $ 499  $ 1,022,057  $ 1,022,556 
 
  Non-Indexed  Non-     
  Guarantee  Guaranteed     
  Less than/  Separate     
  equal to 4%  Accounts     Total 
    (In Thousands)     
December 31, 2008         
Premium, consideration or deposits for the year  $ -  $ 382,686  $ 382,686 
 
Reserves for separate accounts with assets at:         
     Fair value  $ -  $ 938,646  $ 938,646 
     Amortized cost  2,549  -    2,549 
Total reserves  $ 2,549  $ 938,646  $ 941,195 
 
Reserves for separate accounts by         
     withdrawal characteristics:         
     Subject to discretionary withdrawal:         
           With market value adjustment  $ 2,549  $ -  $ 2,549 
           At market value  -  937,573    937,573 
     Subtotal  2,549  937,573    940,122 
     Not subject to discretionary withdrawal  -  1,073    1,073 
Total separate account reserves  $ 2,549  $ 938,646  $ 941,195 

33


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

A reconciliation of the amounts transferred to and from the separate accounts is presented 
below:         
    Year ended December 31   
                 2009  2008    2007 
    (In Thousands)     
Transfers as reported in the Summary of Operations         
of the Separate Accounts Statement:         
           Transfers to separate accounts  $ 147,845       $ 382,686  $ 282,597 
           Transfers from separate accounts               (297,153)                           (84,798)     (97,947) 
Transfers as reported in the statements of operations  $ (149,308)       $ 297,888  $ 184,650 

The separate account liabilities subject to minimum guaranteed benefits, the gross 
amount of reserve and the reinsurance reserve credit related to minimum guarantees, by 
type, at December 31, 2009 and 2008 were as follows:   
    Guaranteed   
    Minimum   
  Guaranteed  Accumulation/  Guaranteed 
  Minimum Death  Withdrawal Benefit  Minimum Income 
  Benefit (GMDB)  (GMAB/GMWB)  Benefit (GMIB) 
    (In Thousands)   
December 31, 2009       
Separate Account Liability  $ 1,009,308  $ 426,657  $ 360,133 
Gross amount of reserve  20,835  13,371  50,397 
Reinsurance reserve credit  639  -  - 
 
December 31, 2008       
Separate Account Liability  $ 735,059  $ 276,034  $ 269,302 
Gross amount of reserve  14,197  5,451  188,083 
Reinsurance reserve credit  1,109  -  - 

34


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

9. Federal Income Taxes

  The Company files a consolidated federal income tax return with its parent ING AIH, a
Delaware corporation, and other U.S. affiliates. The Company has a written tax sharing
agreement that provides that each member of the consolidated return shall reimburse ING
AIH for its respective share of the consolidated federal income tax liability and shall
receive a benefit for its losses at the statutory rate. The following is a list of all affiliated
companies that participate in the filing of this consolidated federal income tax return:

ALICA Holdings, Inc.  ING Investment Management Co. 
Australia Retirement Services Holding, LLC  ING Investment Management Services, LLC 
Bancnorth Investment Group, Inc.  ING Investment Management, LLC 
Branson Insurance Agency, Inc.  ING Investment Trust Co. 
Compulife Investor Services, Inc.  ING Investments, LLC 
Compulife, Inc.  ING Life Insurance and Annuity Company 
Directed Services, LLC  ING National Trust 
Financial Network Investment Corporation  ING North America Insurance Corporation 
Financial Network Investment Corporation of Puerto Rico, Inc.  ING Payroll Management, Inc. 
FN Insurance Agency of Kansas, Inc.  ING Pilgrim Funding, Inc. 
FN Insurance Agency of New Jersey, Inc.  ING Pomona Holdings LLC 
FN Insurance Services of Nevada, Inc.  ING Retail Holding Company, Inc. 
FN Insurance Services, Inc.  ING Services Holding Company, Inc. 
FNI International, Inc.  ING USA Annuity and Life Insurance Company 
ING Furman Selz (SBIC) Investments LLC  ING Wealth Solutions, LLC 
Furman Selz Investments, LLC  Lion Connecticut Holdings Inc. 
Guaranty Brokerage Services, Inc.  Lion Custom Investments, LLC 
IB Holdings, LLC  Lion II Custom Investments, LLC 
IIPS of Florida, LLC  MFSC Insurance Agency of Nevada, Inc. 
ILICA, Inc.  MFSC Insurance Services, Inc. 
ING America Insurance Holdings, Inc.  Midwestern United Life Insurance Company 
ING Alternative Asset Management, LLC  Multi-Financial Group, LLC 
ING America Equities, Inc.  Multi-Financial Securities Corporation 
ING Brokers Network, LLC  Pomona Management LLC 
ING Capital Corporation, LLC  PrimeVest Financial Services, Inc. 
ING Equity Holdings, Inc.  PrimeVest Insurance Agency of Alabama, Inc. 
ING Financial Advisors, LLC  PrimeVest Insurance Agency of Nevada, Inc. 
ING Financial Partners, Inc.  PrimeVest Insurance Agency of New Mexico, Inc. 
ING Financial Products Company, Inc.  PrimeVest Insurance Agency of Ohio, Inc. 
ING Funds Distributor, LLC  PrimeVest Insurance Agency of Oklahoma, Inc. 
ING Funds Services, LLC  PrimeVest Insurance Agency of Texas, Inc. 
ING Ghent Asset Management, LLC  PrimeVest Insurance Agency of Wyoming, Inc. 
ING Institutional Plan Services, LLC  ReliaStar Life Insurance Company 
ING Insurance Agency of Texas, Inc.  ReliaStar Life Insurance Company of New York 
ING Insurance Agency, Inc.  Roaring River, LLC 
ING Insurance Services Holding Company, Inc.  Security Life Assignment Corp. 
ING Insurance Services of Alabama, Inc.  Security Life of Denver Insurance Company 
ING Insurance Services of Massachusetts, Inc.  Security Life of Denver International, Ltd. 
ING Insurance Services, Inc.  SLDI Georgia Holdings, Inc. 
ING International Insurance Holdings, Inc.  Systematized Benefits Administrators, Inc. 
ING International Nominee Holdings, Inc.  Whisperingwind I, LLC 
ING Investment Advisors, LLC  Whisperingwind II, LLC 
ING Investment Management Alternative Assets, LLC  Whisperingwind III, LLC 

35


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Current income taxes incurred consisted of the following major components:     
 
    Year ended December 31   
               2009  2008    2007 
    (In Thousands)     
Federal tax expense (benefit) on operations  $ 6,853  4,302  $ 16,585 
Federal tax expense (benefit) on capital gains and losses  (14,066)  3,456       (1,569) 
Total current tax expense (benefit) incurred  $ (7,213)  $ 7,758  $ 15,016 

The Company adopted SSAP 10R effective December 31, 2009. The December 31, 2009 balances and related disclosures are calculated and presented pursuant to SSAP 10R. The December 31, 2008 balances and related disclosures are calculated and presented pursuant to SSAP 10 prior to its modification by SSAP 10R.

The decrease in total deferred tax assets that were nonadmitted including the tax valuation allowance was $33.5 for 2009.

The Company has elected to admit deferred tax assets pursuant to paragraph 10.e of SSAP 10R for the year ended December 31, 2009. The year ended December 31, 2009 election differs from the December 31, 2008 year-end reporting period.

36


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The amount of admitted adjusted gross deferred tax assets admitted under each 
component of SSAP 10R:       
  December 31   
  2009    2008 
  (In Thousands)   
Admitted under paragraph 10.a.  $                          -  $                             - 
     Paragraph 10.b., lesser of:       
     Admitted under paragraph 10.b.i  13,188    19,981 
     Admitted under paragraph 10.b.ii  35,734    19,981 
Admitted under paragraph 10.b. (lesser of b.i. or b.ii)  13,188    19,981 
Admitted under paragraph 10.c.  18,249    15,542 
Total admitted from the application of paragraph 10.a - 10.c.  31,437    35,523 
 
Admitted under paragraph 10.e.i.                       -    - 
     Paragraph 10.e.ii., lesser of:       
     Admitted under paragraph 10.e.ii.a  20,442    - 
     Admitted under paragraph 10.e.ii.b  53,600    - 
Admitted under paragraph 10.e.ii. (lesser of e.ii.a or e.ii.b)  20,442    - 
Admitted under paragraph 10.e.iii.  18,249    - 
Total admitted from the application of paragraph 10.e.  38,691    - 
 
The increased amount by tax character, and the change in such,       
of admitting adjusted gross DTAs as the result of the application       
of paragraph 10e:  7,254    - 
 
Total admitted adjusted gross deferred tax assets  $ 38,691  $ 35,523 

37


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The main components of deferred tax assets and deferred tax liabilities are as follows: 

    December 31, 2009   
  Ordinary  Capital  Total 
    (In Thousands)   
Deferred tax assets resulting from differences in:       
   Deferred acquisition costs  $ 28,311  $ -  $ 28,311 
   Insurance reserves  75,940  -  75,940 
   Investments  -  6,348  6,348 
   Compensation and benefits  3,548  -  3,548 
   Nonadmitted assets  872  -  872 
   Litigation accruals  1,650  -  1,650 
   Unrealized losses on investments  564  -  564 
   Tax credits  132  -  132 
   Other  1,269  -  1,269 
Total gross deferred tax assets  112,286  6,348  118,634 
   Valuation allowance adjustment  -  (1,477)  (1,477) 
Total adjusted gross deferred tax assets  112,286  4,871  117,157 
   Deferred tax assets nonadmitted  (78,466)  -  (78,466) 
Admitted deferred tax assets  33,820  4,871  38,691 
 
Deferred tax liabilities resulting from differences in:       
   Investments  837  20  857 
   Deferred and uncollected premium  11,302  -  11,302 
   Unrealized gains on investments  -  1,072  1,072 
   Other  5,018  -  5,018 
Total deferred tax liabilities  17,157  1,092  18,249 
Net admitted deferred tax asset  $ 16,663  $ 3,779  $ 20,442 

38


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The change in the tax assets and deferred tax liabilities by main component are as 

follows:       
  December 31   
  2009  2008  Change 
    (In Thousands)   
Deferred tax assets resulting from differences in:       
     Deferred acquisition costs  $ 28,311  $ 28,357  $ (46) 
     Insurance reserves  75,940  106,062  (30,122) 
     Investments  6,348  5,626  722 
     Compensation and benefits  3,548  2,935  613 
     Nonadmitted assets  872  765  107 
     Litigation accruals  1,650  1,438  212 
     Unrealized losses on investments  564  -  564 
     Tax credits  132  177  (45) 
     Other  1,269  3,639  (2,370) 
Total gross deferred tax assets  118,634  148,999  (30,365) 
   Valuation allowance adjustment  (1,477)  -  (1,477) 
Total adjusted gross deferred tax assets  117,157  148,999  (31,842) 
   Deferred tax assets nonadmitted  (78,466)  (113,476)  35,010 
Admitted deferred tax assets  38,691  35,523  3,168 
 
Deferred tax liabilities resulting from differences in:       
     Investments  857  897  (40) 
     Deferred and uncollected premium  11,302  10,355  947 
     Unrealized gains on investments  1,072  2,231  (1,159) 
     Other  5,018  2,059  2,959 
Total deferred tax liabilities  18,249  15,542  2,707 
Net admitted deferred tax asset  $ 20,442  $ 19,981  $ 461 

The valuation allowance adjustment to gross deferred tax assets as of December 31, 2009 
was $1.4. The net change in the total valuation allowance adjustment for the year ended 
December 31, 2009 was an increase of $1.4 due to the application of SSAP 10R. The 
valuation allowance adjustment for 2009 is necessary as it is unlikely that the Company 
will realize sufficient taxable capital gain income to offset taxable capital losses. 

39


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The change in deferred income taxes reported in surplus before the consideration of 
nonadmitted assets is comprised of the following components: 

               December 31   
    2009           2008  Change 
      (In Thousands)   
Total gross deferred tax asset  $ 100,385 $  133,457  $ (33,072) 
Valuation allowance adjustment       (1,477)  -  (1,477) 
   Net deferred tax asset       98,908  133,457  (34,549) 
Remove unrealized losses           (507)  (2,231)  1,724 
   Net tax effect without unrealized gains and losses       99,415  135,688  (36,273) 
 
Remove other items in surplus:         
   Current year change in nonadmitted assets        107 
   Current year change in unauthorized reinsurance        (917) 
 
Remove current year change in valuation allowance adjustment      (1,477) 
   Change in deferred taxes for rate reconciliation        $ (33,986) 

The provision for federal income tax expense and change in deferred taxes differs from 
the amount which would be obtained by applying the statutory federal income tax rate to 
income (including capital items) before income taxes for the following reasons: 

  Year ended December 31   
  2009  2008    2007 
    (In Thousands)     
Current income taxes incurred  $ (7,213)  $ 7,758  $ 15,016 
Change in deferred income tax **  33,986  (62,387)    (1,295) 
Total income tax reported  $ 26,773  $ (54,629)  $ 13,721 
 
Ordinary income  $ 125,936  $ (190,525)  $ 8,651 
Capital losses  (37,903)  1,376    (6,407) 
Total pre tax book income (loss)  $ 88,033  $ (189,149)  $ 2,244 
 
Provision computed at statutory rate  $ 30,812  $ (66,202)  $ 785 
Dividends received deduction  (1,190)  (1,100)    (495) 
Interest maintenance reserve  (1,580)  (792)    (1,155) 
Reinsurance  (949)  13,513    14,364 
Other  (320)  (48)    222 
Total  $ 26,773  $ (54,629)  $ 13,721 
 
** (excluding tax on unrealized gains/losses and other surplus items)       

40


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The Company's RBC level used for purposes of paragraph 10.d is based on authorized control level RBC of $24.5 and total adjusted capital of $318.0. The amount of admitted deferred tax assets, admitted assets, statutory surplus and total adjusted capital in the RBC calculation and the increased amount of deferred tax assets, admitted assets and surplus as the result of the application of paragraph 10.e:

                             December 31, 2009 
    Increase After 
  After Application of  Application of 
  paragraph 10. a, b, c  paragraph 10.e 
  (In Thousands) 
Admitted net DTAs  $ 13,188  $ 20,443 
Admitted assets  3,202,173  3,209,428 
Statutory surplus  315,336  322,591 
Total adjusted capital in RBC calculation  318,043  325,298 

As of December 31, 2009, there is no operating loss or tax credit carryforward available for tax purposes.

There are no federal income taxes incurred that will be available for recoupment in the event of future net losses from 2009, 2008 and 2007.

There were no deposits admitted under Section 6603 of the Internal Revenue Service Code as of December 31, 2009.

Under the intercompany tax sharing agreement, the Company has a payable to ING AIH, an affiliate, of $3.9 and a receivable from ING AIH of $3.4 for federal income taxes as of December 31, 2009 and 2008, respectively.

The Company’s transferable state tax credit assets are as follows:

Method of Estimating Utilization of      Unused Credit 
Remaining Transferrable State Tax    Carrying Value at  Remaining at Balance 
Credit     State  Balance Sheet Date  Sheet Date 
                                         (In Thousands) 
December 31, 2009       
Estimated credit from film production  CT  $ 317  $ 350 
Fixed credit at time of purchase  NY                                             -  1,012 
Total state tax credits    $ 317  $ 1,362 
 
 
December 31, 2008       
Estimated credit from film production  CT  $ 412  $ 467 
Fixed credit at time of purchase  NY                                             -  1,518 
Total state tax credits    $ 412  $ 1,985 

41


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

A reconciliation of the change in the unrecognized income tax benefits for the years is as 
follows: 

  2009    2008  2007   
      (In Millions)     
Balance at beginning of year  $ 0.6  $ 1.1  $ 0.8 
 Additions for tax positions related to current year    0.1  0.1    0.1 
 Additions for tax positions related to prior years    (0.1)  (0.6)    0.2 
Balance at end of year  $ 0.6  $ 0.6  $ 1.1 

The Company had $0.6, $0.6 and $1.1 of unrecognized tax benefits as of December 31, 
2009, 2008 and 2007, respectively, that would affect the Company’s effective tax rate if 
recognized. 
 
The Company recognizes accrued interest and penalties related to unrecognized tax 
benefits in Federal income taxes and Federal income tax expense on the Balance Sheets 
and Statements of Operations, respectively. The Company had accrued interest of $0.1 as 
of December 31, 2009 and 2008. 
 
The Company is under audit by the Internal Revenue Service (“IRS”) for tax years 2004 
through 2009. It is anticipated that the IRS audits of tax years 2004 through 2008 will be 
finalized within the next twelve months. Upon finalization of the IRS exams, it is 
reasonably possible that the unrecognized tax benefits will decrease by up to $0.2. The 
timing of the payment of the remaining allowance of $0.4 cannot be reliably estimated. 
The Company and the IRS have agreed to participate in the Compliance Assurance 
Program (“CAP”) for the tax years 2008 and 2009. 

10.  Reinsurance 
 
  The Company is involved in both ceded and assumed reinsurance with other companies 
  for the purpose of diversifying risk and limiting exposure on larger risks. To the extent 
  that the assuming companies become unable to meet their obligations under these 
  treaties, the Company remains contingently liable to its policyholders for the portion 
  reinsured.  To minimize its exposure to significant losses from retrocessionaire 
  insolvencies, the Company evaluates the financial condition of the retrocessionaire and 
  monitors concentrations of credit risk. 
 
  Assumed premiums amounted to $2.7, $5.4 and $7.0 for 2009, 2008 and 2007, 
  respectively. 

42


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The Company’s ceded reinsurance arrangements reduced  certain  items  in  the 
accompanying financial statements by the following amounts:         

    Year ended December 31   
  2009  2008    2007 
    (In Thousands)   
Premiums  $ 123,288  $ 135,242  $ 92,068 
Benefits paid or provided  38,122  47,499    41,916 
Policy and contract liabilities at year end  435,653  356,412    239,904 

  The Company does not have any reinsurance agreements in effect under which the 
  reinsurer may unilaterally cancel the agreement. 
 
 
11.  Capital and Surplus 
 
  Under New York insurance regulations, the Company is required to maintain a minimum 
  total capital and surplus of $6.0. Additionally, the amount of dividends which can be 
  paid by the Company to its shareholder without prior approval of the Superintendent of 
  the State of New York is limited to the lesser of the net gain from operations excluding 
  realized capital gains or 10% of surplus at December 31 of the preceding year. 
  On November 12, 2008, ING issued to the Dutch State non-voting Tier 1 securities for a 
  total consideration of Euro 10 billion. On February 24, 2009, $2.2 billion was contributed 
  to direct and indirect insurance company subsidiaries of ING AIH, of which $90.0 was 
  contributed to the Company, effective for December 31, 2008. The contribution was 
  comprised of the proceeds from the investment by the Dutch government and the 
  redistribution of currently existing capital within ING. The Company did not receive a 
  capital contribution during 2007. The Company did not pay dividends to ReliaStar 
  during 2009. The Company paid ordinary dividends to ReliaStar on a quarterly basis in 
  the amount of $4.7 each for a total of $18.7 on March 31, June 30, September 30 and 
  December 31, 2007. Timely notice was given for these dividend payments to the New 
  York Insurance Department. The New York Insurance Department does not require 
  notice or approval for ordinary dividends. 
 
  Life and health insurance companies are subject to certain Risk Based Capital (“RBC”) 
  requirements as specified by the NAIC. Under those requirements, the amount of capital 
  and surplus maintained by a life and health insurance company is to be determined based 
  on the various risk factors related to it. At December 31, 2009, the Company meets the 
  RBC requirements. 
 
 
12.  Fair Values of Financial Instruments 
 
  In cases where quoted market prices are not available, fair values are based on estimates 
  using present value or other valuation techniques. Those techniques are significantly 

43


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the financial instrument. Accordingly, the aggregate fair value amounts presented herein do not represent the underlying value of the Company.

Life insurance liabilities that contain mortality risk and all nonfinancial instruments have been excluded from the disclosure requirements. However, the fair values of liabilities under all insurance contracts are taken into consideration in the Company’s overall management of interest rate risk, such that the Company’s exposure to changing interest rates is minimized through the matching of investment maturities with amounts due under insurance contracts.

The carrying amounts and fair values of the Company’s financial instruments are summarized as follows:

                   December 31     
    2009      2008   
  Carrying     Fair  Carrying     Fair 
             Amount    Value  Amount    Value 
                 (In Thousands)     
Assets:             
   Bonds  $ 1,605,909  $ 1,526,238  $ 1,786,738  $ 1,521,245 
   Preferred stocks  493    438  1,210    726 
   Common stocks  725    725  1,484    1,484 
   Mortgage loans  102,524    100,619  122,322    121,394 
   Derivatives securities  1,503    1,520  561    561 
   Contract loans  107,985    107,985  101,514    101,514 
   Cash, cash equivalents and             
short term investments  229,529    229,529  19,873    19,873 
   Separate account assets  1,065,783    1,065,783  980,972    980,972 
 
Liabilities:             
   Policyholder funds  1,333    1,333  1,383    1,383 
   Derivatives securities  1,720    1,720  1,280    1,280 

The following methods and assumptions were used by the Company in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto:

Cash, cash equivalents and short term investments: The carrying amounts reported in the accompanying Balance Sheets for these financial instruments approximate their fair values.

Bonds and equity securities: The fair values for bonds, preferred stocks and common stocks reported herein are based on quoted market prices, where available. For securities not actively traded, fair values are estimated using values obtained from

44


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

         independent pricing services or, in the case of private placement investments, are 
         estimated by discounting the expected future cash flows. The discount rates used 
         vary as a function of factors such as yield, credit quality, and maturity, which fall 
         within a range between 0.8% and 11.0% over the total portfolio. Fair values 
         determined on this basis can differ from values published by the SVO. Fair value as 
         determined by the SVO as of December 31, 2009 and 2008 is $1.5 billion and $1.5 
         billion, respectively
 
         Mortgage loans: Estimated fair values for commercial real estate loans were 
         generated using a discounted cash flow approach. Loans in good standing are 
         discounted using interest rates determined by U.S. Treasury yields on December 31 
         and spreads applied on new loans with similar characteristics. The amortizing features 
         of all loans are incorporated in the valuation. Where data on option features is 
         available, option values are determined using a binomial valuation method, and are 
         incorporated into the mortgage valuation. Restructured loans are valued in the same 
         manner; however, these loans were discounted at a greater spread to reflect increased 
         risk.   
 
          Derivative financial instruments: Fair values for derivative financial instruments are 
          based on broker/dealer valuations or on internal discounted cash flow pricing models, 
          taking into account current cash flow assumptions and the counterparties’ credit 
          standing.   
 
         The carrying value of all other financial instruments approximates their fair value. 
 
Included in various investment related line items in the financial statements are certain 
financial instruments carried at fair value. Other financial instruments are periodically 
measured at fair value, such as when impaired, or, for certain bonds and preferred stock 
when carried at the lower of cost or market.   
 
The fair value of an asset is the amount at which that asset could be bought or sold in a 
current transaction between willing parties, that is, other than in a forced or liquidation 
sale. The fair value of a liability is the amount at which that liability could be incurred or 
settled in a current transaction between willing parties, that is, other than in a forced or 
liquidation sale.   
 
Fair values are based on quoted market prices when available. When market prices are 
not available, fair value is generally estimated using discounted cash flow analyses, 
incorporating current market inputs for similar financial instruments with comparable 
terms and credit quality (matrix pricing). In instances where there is little or no market 
activity for the same or similar instruments, the Company estimates fair value using 
methods, models and assumptions that management believes market participants would 
use to determine a current transaction price. These valuation techniques involve some 
level of management estimation and judgment which becomes significant with 

45


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

increasingly complex instruments or pricing models. Where appropriate, adjustments are 
included to reflect the risk inherent in a particular methodology, model or input used. 
 
The Company's financial assets and liabilities carried at fair value have been classified, 
for disclosure purposes, based on a hierarchy defined by Subtopic 820-10, formerly 
FASB Statement No. 157, Fair Value Measurements. 
 
The fair value hierarchy gives the highest priority to quoted prices in active markets for 
identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs 
(Level 3). If the inputs used to measure fair value fall within different levels of the 
hierarchy, the category level is based on the lowest priority level input that is significant 
to the fair value measurement of the instrument. Financial assets and liabilities recorded 
at fair value on the Balance Sheets are categorized as follows: 

·  Level 1 - Unadjusted quoted prices for identical assets or liabilities in an active 
     market. 
·  Level 2 - Quoted prices in markets that are not active or inputs that are observable 
     either directly or indirectly for substantially the full term of the asset or liability. 
  Level 2 inputs include the following: 
  a)  Quoted prices for similar assets or liabilities in active markets; 
  b)  Quoted prices for identical or similar assets or liabilities in non-active 
    markets; 
  c)  Inputs other than quoted market prices that are observable; and 
  d)  Inputs that are derived principally from or corroborated by observable market 
    data through correlation or other means. 
·  Level 3 - Prices or valuation techniques that require inputs that are both 
  unobservable and significant to the overall fair value measurement. These 
  valuations, whether derived internally or obtained from a third party, use critical 
  assumptions that are not widely available to estimate market participant 
   expectations in valuing the asset or liability. 

46


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2009:

  Level 1  Level 2  Level 3(1)             Total 
    (In Thousands)   
At December 31, 2009:         
Assets:         
   Bonds  $ -  $ 6,030  $ 542  $ 6,572 
   Common stock  60  -  665  725 
   Cash, cash equivalents and         
         short-term investments  229,529  -  -  229,529 
   Derivatives  737  31  753  1,521 
   Separate account assets  1,065,783  -  -  1,065,783 
Total assets  $ 1,296,109  $ 6,061  $ 1,960  $ 1,304,130 
 
Liabilities:         
         Derivatives liabilities  $ -  $ 1,720  $ -  $ 1,720 
Total liabilities  $ -  $ 1,720  $ -  $ 1,720 

(1) Level 3 net assets and liabilities accounted for 0.15% of total net assets and liabilities measured at fair value on a recurring basis. Excluding separate accounts assets for which the policyholder bears the risk, the Level 3 net assets and liabilities in relation to total net assets and liabilities measured at fair value on a recurring basis totaled 0.82%.

47


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2008:

  Level 1  Level 2  Level 3(1)  Total 
    (In Thousands)   
At December 31, 2008:         
Assets:         
   Bonds  $ -  $ 177  $ 2  $ 179 
   Preferred stock  4  -  -  4 
   Common stock  1,484  -  -  1,484 
   Cash, cash equivalents and         
short-term investments  19,873  -  -  19,873 
   Derivatives    309  252  561 
   Separate account assets  980,972  -  -  980,972 
Total assets  $ 1,002,333  $ 486  $ 254  $ 1,003,073 
 
Liabilities:         
Derivatives liabilities  -  117  1,163  1,280 
Total liabilities  $ -  $ 117  1,163  1,280 

(1) Level 3 net assets and liabilities accounted for -0.09% of total net assets and liabilities measured at fair value on a recurring basis. Excluding separate accounts assets for which the policyholder bears the risk, the Level 3 net assets and liabilities in relation to total net assets and liabilities measured at fair value on a recurring basis totaled -4.37%.

Bonds: Securities that are carried at fair value on the balance sheet are classified as Level 2 or Level 3. Level 2 bond prices are obtained through several commercial pricing services, which incorporate a variety of market observable information in their valuation techniques, including benchmark yields, broker-dealer quotes, credit quality, issuer spreads, bids, offers and other reference data to provide estimated fair values. Privately placed bond fair value are determined using a matrix-based pricing model and are classified as Level 2 assets. The market for subprime RMBS remains largely inactive, and as such these securities are categorized in Level 3 of the valuation hierarchy.

Preferred and Common Stock: Fair values of publicly traded equity securities are based upon quoted market price and are classified as Level 1 assets. Certain preferred stock prices are obtained through commercial pricing services and are classified as Level 2 assets. Other equity securities, typically private equities or equity securities not traded on an exchange, are valued by other sources such as analytics or brokers and are classified as Level 3 assets.

Cash and cash equivalents and short-term investments: The carrying amounts for cash reflect the assets’ fair values. The fair values for cash equivalents and short-term investments are determined based on quoted market prices. These assets are classified as Level 1.

48


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Derivatives: The carrying amounts for these financial instruments, which can be assets or liabilities, reflect the fair value of the assets and liabilities. Certain derivatives are carried at fair value (on the Balance Sheets), which is determined using the Company’s derivative accounting system in conjunction with observable key financial data, such as yield curves, exchange rates, Standard & Poor’s (“S&P”) 500 Index prices, and London Inter Bank Offered Rates (“LIBOR”), which are obtained from third party sources and uploaded into the system. For those derivatives that are unable to be valued by the accounting system, the Company typically utilizes values established by third party brokers. Counterparty credit risk is considered and incorporated in the Company’s valuation process through counterparty credit rating requirements and monitoring of overall exposure. It is the Company’s policy to transact only with investment grade counterparties with a credit rating of A- or better. Valuations for the Company’s futures contracts are based on unadjusted quoted prices from an active exchange and, therefore, are classified as Level 1. The Company also has certain CDS and Options that are priced using models that primarily use market observable inputs, but contain inputs that are not observable to market participants, which have been classified as Level 3. However, all other derivative instruments are valued based on market observable inputs and are classified as Level 2.

Assets held in separate accounts: Assets held in separate accounts are reported at the quoted fair values of the underlying investments in the separate accounts. Mutual funds, short-term investments and cash are based upon a quoted market price and are included in Level 1.

The following table summarizes the change in fair value of the Company’s Level 3 assets and liabilities for the year ended December 31, 2009.

  Bonds  Pref Stk  Comm Stk  Derivatives 
Balance at January 1, 2009  $ 2  $ -  $ -  $ (911) 
Capital gains (losses):         
         Net realized capital gains (losses)*  (1,118)  -  -  278 
         Net unrealized capital         
             gains (losses)  (1,011)  0  41  272 
Total net realized and unrealized         
             capital gains (losses)  (2,129)  0  41  550 
         Purchases, sales, issuances, and         
             settlements, net  (0)  -  -  (49) 
         Transfer in (out) of Level 3  2,668  -  624  1,163 
Balance at December 31, 2009  $ 542  $ 0  $ 665  $ 753 

49


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

13. Commitments and Contingencies

Investment Purchase Commitments: As part of its overall investment strategy, the Company has entered into agreements to purchase securities of $3.9 and $3.1 at December 31, 2009 and 2008, respectively. The Company is also committed to provide additional capital contributions to partnerships of $12.1 and $13.1 at December 31, 2009 and 2008, respectively.

Operating Leases: The Company is party to certain cost sharing agreements with other affiliated ING United States companies. Included in these cost sharing arrangements is rent expense, which is allocated to the Company in accordance with systematic cost allocation arrangements. The Company incurred minimal rent expense during years ended December 31, 2009, 2008 and 2007 under this cost sharing methodology.

The Company does not have any minimum aggregate rental commitments under the cost sharing arrangements and service agreements. The Company does not have any future minimum lease payment receivables under the cost sharing arrangements and service agreements.

The Company is not involved in any sale leaseback transactions.

Legal Proceedings: The Company is involved in threatened or pending lawsuits/arbitrations arising from the normal conduct of business. Due to the climate in insurance and business litigation/arbitration, suits against the Company sometimes include claims for substantial compensatory, consequential or punitive damages and other types of relief. Moreover, certain claims are asserted as class actions, purporting to represent a group of similarly situated individuals. While it is not possible to forecast the outcome of such lawsuits/arbitrations, in light of existing insurance, reinsurance and established reserves, it is the opinion of management that the disposition of such lawsuits/arbitrations will not have a materially adverse effect on the Company’s operations or financial position.

Regulatory Matters: As with many financial services companies, the Company and its affiliates have received informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the financial services industry. In each case, the Company and its affiliates have been and are providing full cooperation.

Insurance and Retirement Plan Products and Other Regulatory Matters: Federal and state regulators and self-regulatory agencies are conducting broad inquiries and investigations involving the insurance and retirement industries. These initiatives currently focus on, among other things, compensation, revenue sharing, and other sales incentives; potential conflicts of interest; potential anti-competitive activity; reinsurance; sales and marketing practices (including sales to seniors); specific product types

50


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

(including group annuities and indexed annuities); and disclosure. It is likely that the scope of these industry investigations will further broaden before they conclude. The Company and certain of its U.S. affiliates have received formal and informal requests in connection with such investigations, and are cooperating fully with each request for information. Some of these matters could result in regulatory action involving the Company. These initiatives also may result in new legislation and regulation that could significantly affect the financial services industry, including businesses in which the Company is engaged. In light of these and other developments, U.S. affiliates of ING, including the Company, periodically review whether modifications to their business practices are appropriate.

Investment Product Regulatory Issues: Since 2002, there has been increased governmental and regulatory activity relating to mutual funds and variable insurance products. This activity has primarily focused on inappropriate trading of fund shares; directed brokerage; compensation; sales practices, suitability, and supervision; arrangements with service providers; pricing; compliance and controls; adequacy of disclosure; and document retention.

In addition to responding to governmental and regulatory requests on fund trading issues, ING management, on its own initiative, conducted, through special counsel and a national accounting firm, an extensive internal review of mutual fund trading in ING insurance, retirement, and mutual fund products. The goal of this review was to identify any instances of inappropriate trading in those products by third parties or by ING investment professionals and other ING personnel.

The internal review identified several isolated arrangements allowing third parties to engage in frequent trading of mutual funds within the variable insurance and mutual fund products of certain affiliates of the Company, and identified other circumstances where frequent trading occurred despite measures taken by ING intended to combat market timing. Each of the arrangements has been terminated and disclosed to regulators, to the independent trustees of ING Funds (U.S.) and in Company reports previously filed with the Securities and Exchange Commission (“SEC”) pursuant to the Securities Exchange Act of 1934, as amended.

Action may be taken by regulators with respect to certain ING affiliates before investigations relating to fund trading are completed. The potential outcome of such action is difficult to predict but could subject certain affiliates to adverse consequences, including, but not limited to, settlement payments, penalties, and other financial liability. It is not currently anticipated, however, that the actual outcome of any such action will have a material adverse effect on ING or ING’s U.S. based operations, including the Company.

Liquidity: The Company’s principal sources of liquidity are product charges, investment income, premiums, proceeds from the maturity and sale of investments, and capital

51


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

contributions. Primary uses of these funds are payments of commissions and operating expenses, interest credits, investment purchases, and contract maturities, withdrawals, and surrenders.

The Company’s liquidity position is managed by maintaining adequate levels of liquid assets, such as cash, cash equivalents, and short-term investments. Asset/liability management is integrated into many aspects of the Company’s operations, including investment decisions, product development, and determination of crediting rates. As part of the risk management process, different economic scenarios are modeled, including cash flow testing required for insurance regulatory purposes, to determine that existing assets are adequate to meet projected liability cash flows. Key variables in the modeling process include interest rates, anticipated contract owner behavior, and variable separate account performance. Contract owners bear the investment risk related to variable annuity products, subject, in limited cases, to certain minimum guaranteed rates.

The fixed account liabilities are supported by a general account portfolio principally composed of fixed rate investments with matching duration characteristics that can generate predictable, steady rates of return. The portfolio management strategy for the fixed account considers the assets available-for-sale. This strategy enables the Company to respond to changes in market interest rates, prepayment risk, relative values of asset sectors and individual securities and loans, credit quality outlook, and other relevant factors. The Company’s asset/liability management discipline includes strategies to minimize exposure to loss as interest rates and economic and market conditions change. In executing this strategy, the Company uses derivative instruments to manage these risks. The Company’s derivative counterparties are of high credit quality.

During 2009, the Company has taken certain actions to reduce its exposure to interest rate and market risks. These actions included reducing guaranteed interest rates for new business, reducing credited rates on existing business, curtailing sales of some products, reassessment of the investment strategy with a focus on U.S. Treasury and investment grade assets, as well as hedging certain funds which previously were not hedged and continuing a hedging program to mitigate the impact of potential declines in equity markets and their impact on regulatory capital. During 2010, the Company will be monitoring these initiatives and their impacts on earnings, capital, and liquidity, and will determine whether further actions are necessary.

ING Restructuring Plan: On October 26, 2009, ING announced the key components of the final Restructuring Plan ING submitted to the EC as part of the process to receive EC approval for the state aid granted to ING by the Dutch State in the form of EUR 10 billion Core Tier 1 securities issued on November 12, 2008 and the ING-Dutch State Transaction. As part of the Restructuring Plan, ING has agreed to separate its banking and insurance businesses by 2013. ING intends to achieve this separation over the next four years by divestment of its insurance and investment management operations, including the Company. ING has announced that it will explore all options for

52


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

implementing the separation including initial public offerings, sales or combinations thereof. In November 2009, the Restructuring Plan received formal EC approval and the separation of insurance and banking operations and other components of the Restructuring Plan were approved by ING shareholders. ING also reached an agreement with the Dutch State to alter the repayment terms of the Core Tier 1 securities in order to facilitate early repayment and ING repurchased in December 2009 EUR 5 billion of the total EUR 10 billion Core Tier 1 securities issued to the Dutch State. As part of the Restructuring Plan, ING also agreed to make additional payments to the Dutch State corresponding to an adjustment of fees for the Back-Up Facility. In total, these extra payments amounted to a net present value of EUR 1.3 billion, and were recorded by ING as a one-time pre-tax charge in the fourth quarter of 2009. The terms of the ING-Dutch State Transaction which closed on March 31, 2009, including the transfer price of the Alt-A RMBS securities, remained unaltered and the additional payments were not borne by the Company or any other ING U.S. subsidiaries. In order to finance the repayment of EUR 5 billion Core Tier 1 securities and the associated costs as well as to mitigate the capital impact of the additional payments for the Back-Up Facility, ING launched a capital increase without preferential subscription rights for holders of (bearer depositary receipts for) ordinary shares of up to EUR 7.5 billion in November 2009. The rights issue was completed in December 2009. Proceeds of the issue in excess of the above amounts will be used to strengthen ING’s capital position.

On October 27, 2009, subsequent to the announcement of the Restructuring Plan, the insurance financial strength ratings of the Company and ING’s other primary U.S. insurance companies were downgraded by Moody’s Investors Service, Inc. to A2 from A1 and by Fitch Ratings Ltd to A- from A.

14. Financing Agreements

The Company maintains a revolving loan agreement with Bank of New York Mellon, (“Mellon"). Under this agreement, the Company can borrow up to $30.0 from Mellon. Interest on any borrowing accrues at an annual rate equal to: (1) the cost of funds for Mellon for the period applicable for the advance plus 0.4% or (2) a rate quoted by Mellon to the Company for the borrowing. Under this agreement, the Company incurred minimal interest expense for the years ended December 31, 2009, 2008 and 2007, respectively. Additionally, there were no amounts payable to Mellon at December 31, 2009 and 2008.

The Company maintains a reciprocal loan agreement with ING AIH to promote efficient management of cash and liquidity and to provide for unanticipated short-term cash requirements. Under this agreement, which expired and was renewed February 1, 2009, the Company and ING AIH can borrow up to 5% of the Company’s net admitted assets as of December 31 of the preceding year from one another. Interest on any Company borrowing is charged at the rate of ING AIH’s cost of funds for the interest period plus 0.15%. Interest on any ING AIH borrowings is charged at a rate based on the prevailing

53


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

interest rate of U.S. commercial paper available for purchase with a similar duration. The receivable for these loans are reported as an asset in cash and short term investments. The payable is recorded in borrowed money. Under this agreement, the Company incurred no interest income for the years ended December 31, 2009, 2008 and 2007.

Through this reciprocal loan agreement, the Company had no borrowings during 2009, borrowed $384.0 and repaid $384.0 in 2008 and had no borrowings during 2007. These borrowings were on a short term basis, at an interest rate that approximated current money market rates and excludes borrowings from reverse dollar repurchase transactions. Interest expense on borrowed money was $0 during 2007 and interest expense was minimal during 2009 and 2008, respectively.

The Company is the beneficiary of letters of credit totaling $29.4; terms of the letters of credit provide for automatic renewal for the following year at December 31, unless otherwise canceled or terminated by either party to the financing. The letters were unused during both 2009 and 2008.

15. Related Party Transactions

Cost Sharing Arrangements: Management and services contracts and all cost sharing arrangements with other affiliated ING United States companies are allocated among companies in accordance with systematic cost allocation methods.

Investment Management: The Company has entered into an investment advisory agreement with ING Investment Management, LLC (“IIM”) under which IIM provides the Company with investment management services. The Company has entered into an administrative services agreement with IIM under which IIM provides the Company with asset liability management services. Total fees under the agreement were approximately $2.1, $2.5, and $2.4 for the years ended December 31, 2009, 2008 and 2007, respectively.

Services Agreements: The Company has entered into a services agreement with each of its affiliated insurers, ING North America and ING Financial Advisers, LLC (“ING FA”) whereby the affiliated insurers, ING North America and ING FA, provide certain administrative, management, professional, advisory, consulting and other services to the Company. The total expenses incurred for all of these services were $38.4, $54.5 and $51.2 for the years ended December 31, 2009, 2008 and 2007, respectively.

Tax Sharing Agreements: The Company has entered into federal tax sharing agreement with members of an affiliated group as defined in Section 1504 of the Internal Revenue Code of 1986, as amended. The agreement provides for the manner of calculation and the amounts/timing of the payments between the parties as well as other related matters in connection with the filing of consolidated federal income tax returns.

54


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

Reinsurance: During 2009, the Company had no ceded premium or ceded reserves to affiliates. During 2008, the Company ceded premium and ceded reserves to ReliaStar of $65.8 and $82.6, respectively. The amount of insurance inforce ceded to ReliaStar was $10,542 at December 31, 2008. The Company realized a deferred gain after tax of $40.0 on the 2008 reinsurance transaction. During 2007, the Company ceded premium and ceded reserves to ReliaStar of $42.8 and $46.2, respectively. The amount of insurance inforce ceded to ReliaStar was $278.6 at December 31, 2007. The Company realized a deferred gain after tax of $41.4 on the reinsurance transaction.

16. Guaranty Fund Assessments

Insurance companies are assessed the costs of funding the insolvencies of other insurance companies by the various state guaranty associations, generally based on the amount of premium companies collect in that state. The Company accrues the cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of premiums written in each state. The Company has estimated this liability to be $0.2 and $0.3 as of December 31, 2009 and 2008, respectively, and has recorded a liability in accounts payable and accrued expenses on the Balance Sheets. The Company has also recorded an asset in other assets on the Balance Sheets of $0.2 and $0.2 as of December 31, 2009 and 2008, respectively, for future credits to premium taxes for assessments already paid.

55


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK Notes to Financial Statements – Statutory Basis December 31, 2009

(Dollar amounts in millions, unless otherwise stated)

17. Unpaid Accident and Health Claims

The change in the liability for unpaid accident and health claims and claim adjustment expenses is summarized as follows:

  2009  2008 
  (In Thousands) 
Balance at January 1  $ 22,221  $ 17,680 
Less reinsurance recoverables  948  1,090 
Net balance at January 1  21,273  16,590 
 
Incurred related to:     
   Current year  26,178  33,432 
   Prior years  (1,492)  1,366 
Total incurred  24,686  34,798 
 
Paid related to:     
   Current year  13,864  18,677 
   Prior years  10,649  11,438 
Total paid  24,513  30,115 
 
Net balance at December 31  21,446  21,273 
Plus reinsurance recoverables  1,046  948 
Balance at December 31  $ 22,492  $ 22,221 

The liability for unpaid accident and health claims and claim adjustment expenses is included in accident and health reserves and unpaid claims on the Balance Sheets.

18. Retrospectively Rated Contracts

The Company estimates accrued retrospective premium adjustments for its group life insurance business through a mathematical approach using an algorithm of the Company’s underwriting rules and experience rating practices. The Company records accrued retrospective premium as an adjustment to earned premium. The amount of net group life premium written by the Company that was subject to retrospective rating features was $3.6, $3.5 and $3.4 for December 31, 2009, 2008, and 2007, respectively. This represented 25%, 19%, and 16.9% of the total net group life premium for December 31, 2009, 2008, and 2007, respectively. The amount of net group health premium written by the Company that was subject to retrospective rating features was $0.1, $0.1 and $0.1 for December 31, 2009, 2008, and 2007, respectively. This represented less than 1% of the total net group health premium in all three periods. No other net premiums written by the Company are subject to retrospective rating features.

56


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK     
Notes to Financial Statements – Statutory Basis       
December 31, 2009           
(Dollar amounts in millions, unless otherwise stated)       
 
19.  Direct Premiums Written/Produced by Managing General Agents/Third Party 
  Administrators           
 
  Name of Managing      Type of  Type of  Total Direct 
  General Agent or Third  FEIN  Exclusive  Business  Authority  Premiums 
  Party Administrator  Number  Contract  Written  Granted  Written 
            (In Thousands) 
  ReliaStar Record Keeping  41-0451140  Yes  Group Annuity  Payment  $ 24,983 

The aggregate amount of premiums written through managing general agents or third 
party administrators during 2009 is $25.0. 

20. Subsequent Events

ING Restructuring Plan: On January 28, 2010, ING announced the filing of its appeal with the General Court of the European Union against specific elements of the EC’s decision regarding the ING Restructuring Plan. Despite the appeal, ING is committed to executing the formal separation of banking and insurance and the divestment of the latter as announced on October 26, 2009. In its appeal, ING contests the state aid calculation the EC applied to the reduction in repayment premium agreed upon by ING and the Dutch State in connection with ING’s December 2009 repayment of the first EUR 5 billion of Core Tier 1 securities. ING is also appealing the disproportionality of the price leadership restrictions imposed on ING with respect to the European financial sector.

Other subsequent events: The Company is not aware of any other events occurring subsequent to the close of business of the books of this statement that may have a material effect on the Company’s financial statements. The company evaluated events subsequent to the close of business of the books of this statement through April 1, 2010, the date the statutory financial statements were available to be issued.

57


FINANCIAL STATEMENTS

ReliaStar Life Insurance Company of New York Separate Account NY-B

Year ended December 31, 2009 with Report of Independent Registered Public Accounting Firm


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RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Financial Statements
Year ended December 31, 2009

Contents
 
Report of Independent Registered Public Accounting Firm  1 
 
Audited Financial Statements   
 
Statements of Assets and Liabilities  4 
Statements of Operations  30 
Statements of Changes in Net Assets  60 
Notes to Financial Statements  97 


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Report of Independent Registered Public Accounting Firm 

The Board of Directors and Participants
ReliaStar Life Insurance Company of New York

We have audited the accompanying statements of assets and liabilities of the investment divisions (the
“Divisions”) constituting ReliaStar Life Insurance Company of New York Separate Account NY-B (the
“Account”) as of December 31, 2009, and the related statements of operations and changes in net assets
for the periods disclosed in the financial statements. These financial statements are the responsibility of
the Account’s management. Our responsibility is to express an opinion on these financial statements
based on our audits. The Account is comprised of the following Divisions:

AIM Variable Insurance Funds:  ING Investors Trust (continued): 
   AIM V.I. Leisure Fund - Series I Shares     ING JPMorgan Small Cap Core Equity Portfolio - Service Class 
BlackRock Variable Series Funds, Inc.:     ING JPMorgan Value Opportunities Portfolio - Service Class 
   BlackRock Global Allocation V.I. Fund - Class III     ING LifeStyle Aggressive Growth Portfolio - Service Class 
Columbia Funds Variable Insurance Trust:     ING LifeStyle Conservative Portfolio - Service Class 
   Columbia Small Cap Value Fund, Variable Series - Class B     ING LifeStyle Growth Portfolio - Service Class 
Fidelity® Variable Insurance Products:     ING LifeStyle Moderate Growth Portfolio - Service Class 
   Fidelity® VIP Equity-Income Portfolio - Service Class 2     ING LifeStyle Moderate Portfolio - Service Class 
Fidelity® Variable Insurance Products II:     ING Limited Maturity Bond Portfolio - Service Class 
   Fidelity® VIP Contrafund® Portfolio - Service Class 2     ING Liquid Assets Portfolio - Service Class 
Franklin Templeton Variable Insurance Products Trust:     ING Lord Abbett Affiliated Portfolio - Service Class 
   Franklin Small Cap Value Securities Fund - Class 2     ING Marsico Growth Portfolio - Service Class 
ING Balanced Portfolio, Inc.:     ING Marsico International Opportunities Portfolio - Service Class 
   ING Balanced Portfolio - Class S     ING MFS Total Return Portfolio - Service Class 
ING Intermediate Bond Portfolio:     ING MFS Utilities Portfolio - Service Class 
   ING Intermediate Bond Portfolio - Class S     ING Multi-Manager International Small Cap Portfolio - Class S 
ING Investors Trust:     ING Oppenheimer Active Allocation Portfolio - Service Class 
   ING AllianceBernstein Mid Cap Growth Portfolio - Service Class     ING Oppenheimer Main Street Portfolio® - Service Class 
   ING American Funds Asset Allocation Portfolio     ING PIMCO High Yield Portfolio - Service Class 
   ING American Funds Bond Portfolio     ING PIMCO Total Return Bond Portfolio - Service Class 
   ING American Funds Growth Portfolio     ING Pioneer Fund Portfolio - Service Class 
   ING American Funds Growth-Income Portfolio     ING Pioneer Mid Cap Value Portfolio - Service Class 
   ING American Funds International Portfolio     ING Retirement Conservative Portfolio - Adviser Class 
   ING American Funds World Allocation Portfolio - Service Class     ING Retirement Growth Portfolio - Adviser Class 
   ING Artio Foreign Portfolio - Service Class     ING Retirement Moderate Growth Portfolio - Adviser Class 
   ING BlackRock Inflation Protected Bond Portfolio - Service Class     ING Retirement Moderate Portfolio - Adviser Class 
   ING BlackRock Large Cap Growth Portfolio - Service Class     ING T. Rowe Price Capital Appreciation Portfolio - Service Class 
   ING BlackRock Large Cap Value Portfolio - Service Class     ING T. Rowe Price Equity Income Portfolio - Service Class 
   ING Clarion Global Real Estate Portfolio - Service Class     ING Templeton Global Growth Portfolio - Service Class 
   ING Clarion Real Estate Portfolio - Service Class     ING Van Kampen Capital Growth Portfolio - Service Class 
   ING Evergreen Health Sciences Portfolio - Service Class     ING Van Kampen Global Franchise Portfolio - Service Class 
   ING Evergreen Omega Portfolio - Service Class     ING Van Kampen Global Tactical Asset Allocation Portfolio - 
   ING FMRSM Diversified Mid Cap Portfolio - Service Class           Service Class 
   ING Focus 5 Portfolio - Service Class     ING Van Kampen Growth and Income Portfolio - Service Class 
   ING Franklin Income Portfolio - Service Class     ING Wells Fargo Small Cap Disciplined Portfolio - Service Class 
   ING Franklin Mutual Shares Portfolio - Service Class  ING Partners, Inc.: 
   ING Franklin Templeton Founding Strategy Portfolio - Service     ING American Century Large Company Value Portfolio - Service 
         Class           Class 
   ING Global Resources Portfolio - Service Class     ING American Century Small-Mid Cap Value Portfolio - Service 
   ING Growth and Income Portfolio II - Service Class           Class 
   ING Index Plus International Equity Portfolio - Service Class     ING Baron Small Cap Growth Portfolio - Service Class 
   ING International Growth Opportunities Portfolio - Service Class     ING Columbia Small Cap Value Portfolio - Service Class 
   ING Janus Contrarian Portfolio - Service Class     ING Davis New York Venture Portfolio - Service Class 
   ING JPMorgan Emerging Markets Equity Portfolio - Service Class     ING JPMorgan Mid Cap Value Portfolio - Service Class 


ING Partners, Inc. (continued):  ING Variable Portfolios, Inc. (continued): 
   ING Legg Mason Partners Aggressive Growth Portfolio - Service     ING Hang Seng Index Portfolio - Class S 
         Class     ING Index Plus LargeCap Portfolio - Class S 
   ING Neuberger Berman Partners Portfolio - Service Class     ING Index Plus MidCap Portfolio - Class S 
   ING Oppenheimer Global Portfolio - Initial Class     ING Index Plus SmallCap Portfolio - Class S 
   ING Oppenheimer Global Portfolio - Service Class     ING International Index Portfolio - Class S 
   ING Oppenheimer Strategic Income Portfolio - Service Class     ING Japan Equity Index Portfolio - Class A 
   ING PIMCO Total Return Portfolio - Service Class     ING Opportunistic Large Cap Growth Portfolio - Class S 
   ING Solution 2015 Portfolio - Service Class     ING Opportunistic Large Cap Portfolio - Class S 
   ING Solution 2025 Portfolio - Service Class     ING RussellTM Global Large Cap Index 75% Portfolio - Class S 
   ING Solution 2035 Portfolio - Service Class     ING RussellTM Large Cap Growth Index Portfolio - Class S 
   ING Solution 2045 Portfolio - Service Class     ING RussellTM Large Cap Index Portfolio - Class S 
   ING Solution Income Portfolio - Service Class     ING RussellTM Large Cap Value Index Portfolio - Class S 
   ING T. Rowe Price Diversified Mid Cap Growth Portfolio -     ING RussellTM Mid Cap Growth Index Portfolio - Class S 
         Service Class     ING RussellTM Mid Cap Index Portfolio - Class S 
   ING T. Rowe Price Growth Equity Portfolio - Service Class     ING RussellTM Small Cap Index Portfolio - Class S 
   ING Templeton Foreign Equity Portfolio - Service Class     ING Small Company Portfolio - Class S 
   ING Thornburg Value Portfolio - Initial Class     ING U.S. Bond Index Portfolio - Class S 
   ING Thornburg Value Portfolio - Service Class     ING WisdomTreeSM Global High-Yielding Equity Index 
   ING UBS U.S. Large Cap Equity Portfolio - Service Class  Portfolio - Class S 
   ING Van Kampen Comstock Portfolio - Service Class  ING Variable Products Trust: 
   ING Van Kampen Equity and Income Portfolio - Service Class     ING International Value Portfolio - Class S 
ING Strategic Allocation Portfolios, Inc.:     ING MidCap Opportunities Portfolio - Class S 
   ING Strategic Allocation Conservative Portfolio - Class S     ING SmallCap Opportunities Portfolio - Class S 
   ING Strategic Allocation Growth Portfolio - Class S  Legg Mason Partners Variable Equity Trust: 
   ING Strategic Allocation Moderate Portfolio - Class S     Legg Mason ClearBridge Variable Investors Portfolio 
ING Variable Funds:     Legg Mason Global Currents Variable International All Cap 
   ING Growth and Income Portfolio - Class I           Opportunity Portfolio 
   ING Growth and Income Portfolio - Class S     Legg Mason Variable Lifestyle Allocation 50% 
ING Variable Insurance Trust:     Legg Mason Variable Lifestyle Allocation 70% 
   ING GET U.S. Core Portfolio - Series 3     Legg Mason Variable Lifestyle Allocation 85% 
   ING GET U.S. Core Portfolio - Series 4  Legg Mason Partners Variable Income Trust: 
   ING GET U.S. Core Portfolio - Series 5     Legg Mason Western Asset Variable High Income Portfolio 
   ING GET U.S. Core Portfolio - Series 6     Legg Mason Western Asset Variable Money Market Portfolio 
   ING GET U.S. Core Portfolio - Series 7  Oppenheimer Variable Account Funds: 
   ING GET U.S. Core Portfolio - Series 8     Oppenheimer Main Street Small Cap Fund®/VA - Service Class 
   ING GET U.S. Core Portfolio - Series 9  PIMCO Variable Insurance Trust: 
   ING GET U.S. Core Portfolio - Series 10     PIMCO Real Return Portfolio - Administrative Class 
   ING GET U.S. Core Portfolio - Series 11  Pioneer Variable Contracts Trust: 
   ING GET U.S. Core Portfolio - Series 12     Pioneer Equity Income VCT Portfolio - Class II 
   ING GET U.S. Core Portfolio - Series 13     Pioneer Small Cap Value VCT Portfolio - Class II 
   ING GET U.S. Core Portfolio - Series 14  ProFunds: 
ING Variable Portfolios, Inc.:     ProFund VP Bull 
   ING BlackRock Science and Technology Opportunities Portfolio -     ProFund VP Europe 30 
         Class S     ProFund VP Rising Rates Opportunity 
   ING Dow Jones Euro STOXX 50 Index Portfolio - Class A   
   ING Global Equity Option Portfolio - Class S   

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. We were not engaged
to perform an audit of the Account’s internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Account’s internal control over financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by


management, and evaluating the overall financial statement presentation. Our procedures included
confirmation of securities owned as of December 31, 2009, by correspondence with the transfer agents.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of each of the respective Divisions constituting ReliaStar Life Insurance Company of
New York Separate Account NY-B at December 31, 2009, the results of their operations and changes in
their net assets for the periods disclosed in the financial statements, in conformity with U.S. generally
accepted accounting principles.

/s/ Ernst & Young, LLP

Atlanta, Georgia
April 15, 2010


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

    BlackRock  Columbia Small  Fidelity® VIP  Fidelity® VIP 
  AIM V.I.  Global  Cap Value  Equity-Income  Contrafund® 
  Leisure Fund -  Allocation V.I.  Fund, Variable  Portfolio -  Portfolio - 
  Series I Shares  Fund - Class III  Series - Class B  Service Class 2  Service Class 2 
Assets           
Investments in mutual funds           
   at fair value  $ 173  $ 14,304  $ 970  $ 5,909  $ 28,345 
Total assets  173  14,304  970  5,909  28,345 
 
Liabilities           
Payable to related parties  -  1  -  -  2 
Total liabilities  -  1  -  -  2 
Net assets  $ 173  $ 14,303  $ 970  $ 5,909  $ 28,343 
 
Total number of mutual fund shares  26,454  1,065,856  69,402  356,580  1,397,001 
 
Cost of mutual fund shares  $ 256  $ 12,739  $ 1,250  $ 7,926  $ 33,652 

The accompanying notes are an integral part of these financial statements.

4


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  Franklin Small    ING  ING American   
  Cap Value  ING Balanced  Intermediate  Funds Asset  ING American 
  Securities  Portfolio -  Bond Portfolio -  Allocation  Funds Bond 
  Fund - Class 2  Class S  Class S  Portfolio  Portfolio 
Assets           
Investments in mutual funds           
   at fair value  $ 1,133  $ 261  $ 19,826  $ 7,678  $ 16,873 
Total assets  1,133  261  19,826  7,678  16,873 
 
Liabilities           
Payable to related parties  -  -  1  -  1 
Total liabilities  -  -  1  -  1 
Net assets  $ 1,133  $ 261  $ 19,825  $ 7,678  $ 16,872 
 
Total number of mutual fund shares  88,743  25,211  1,721,015  874,473  1,725,241 
 
Cost of mutual fund shares  $ 958  $ 290  $ 20,830  $ 6,737  $ 15,826 

The accompanying notes are an integral part of these financial statements.

5


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

        ING American   
    ING American  ING American  Funds World  ING Artio 
ING American Funds Growth- Funds  Allocation  Foreign 
  Funds Growth  Income  International  Portfolio -  Portfolio - 
  Portfolio  Portfolio  Portfolio  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 49,312  $ 29,950  $ 31,007  $ 1,156  $ 11,718 
Total assets  49,312  29,950  31,007  1,156  11,718 
 
Liabilities           
Payable to related parties  3  2  3  -  - 
Total liabilities  3  2  3  -  - 
Net assets  $ 49,309  $ 29,948  $ 31,004  $ 1,156  $ 11,718 
 
Total number of mutual fund shares  1,149,472  977,810  1,953,828  107,534  1,084,033 
 
Cost of mutual fund shares  $ 62,444  $ 36,414  $ 37,520  $ 1,033  $ 16,608 

The accompanying notes are an integral part of these financial statements.

6


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING BlackRock  ING BlackRock  ING BlackRock  ING Clarion   
  Inflation  Large Cap  Large Cap  Global Real  ING Clarion 
  Protected Bond  Growth  Value  Estate  Real Estate 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 7,432  $ 2,877  $ 434  $ 6,030  $ 4,221 
Total assets  7,432  2,877  434  6,030  4,221 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 7,432  $ 2,877  $ 434  $ 6,030  $ 4,221 
 
Total number of mutual fund shares  731,532  333,398  45,010  654,059  237,823 
 
Cost of mutual fund shares  $ 7,257  $ 3,107  $ 601  $ 6,116  $ 6,566 

The accompanying notes are an integral part of these financial statements.

7


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING Evergreen  ING Evergreen  ING FMRSM    ING Franklin 
  Health Sciences  Omega  Diversified Mid  ING Focus 5  Income 
  Portfolio -  Portfolio -  Cap Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 4,980  $ 1,711  $ 8,176  $ 1,486  $ 20,176 
Total assets  4,980  1,711  8,176  1,486  20,176 
 
Liabilities           
Payable to related parties  -  -  1  -  1 
Total liabilities  -  -  1  -  1 
Net assets  $ 4,980  $ 1,711  $ 8,175  $ 1,486  $ 20,175 
 
Total number of mutual fund shares  484,006  148,296  689,932  211,125  2,150,982 
 
Cost of mutual fund shares  $ 4,890  $ 1,405  $ 9,115  $ 1,722  $ 20,176 

The accompanying notes are an integral part of these financial statements.

8


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

       ING Franklin
    Templeton      ING JPMorgan 
  ING Franklin  Founding  ING Global  ING Janus  Emerging 
  Mutual Shares  Strategy  Resources  Contrarian  Markets Equity 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 6,070  $ 13,891  $ 14,252  $ 8,777  $ 18,276 
Total assets  6,070  13,891  14,252  8,777  18,276 
 
Liabilities           
Payable to related parties  -  1  1  1  1 
Total liabilities  -  1  1  1  1 
Net assets  $ 6,070  $ 13,890  $ 14,251  $ 8,776  $ 18,275 
 
Total number of mutual fund shares  838,448  1,790,022  797,958  828,807  898,946 
 
Cost of mutual fund shares  $ 6,826  $ 15,068  $ 16,187  $ 11,094  $ 17,285 

The accompanying notes are an integral part of these financial statements.

9


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING JPMorgan      ING Lord   
  Small Cap Core  ING Limited  ING Liquid  Abbett  ING Marsico 
  Equity  Maturity Bond  Assets  Affiliated  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 3,956  $ 374  $ 46,239  $ 301  $ 7,035 
Total assets  3,956  374  46,239  301  7,035 
 
Liabilities           
Payable to related parties  -  -  3  -  1 
Total liabilities  -  -  3  -  1 
Net assets  $ 3,956  $ 374  $ 46,236  $ 301  $ 7,034 
 
Total number of mutual fund shares  380,425  35,873  46,238,603  38,782  489,545 
 
Cost of mutual fund shares  $ 4,917  $ 396  $ 46,239  $ 436  $ 7,556 

The accompanying notes are an integral part of these financial statements.

10


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

        ING  
  ING Marsico      Oppenheimer   
  International  ING MFS Total  ING MFS  Active  ING PIMCO 
  Opportunities  Return  Utilities  Allocation  High Yield 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets             
Investments in mutual funds             
   at fair value  $ 6,660  $ 11,687  $ 11,594  $ 423  $ 5,897 
Total assets  6,660  11,687  11,594    423  5,897 
 
Liabilities             
Payable to related parties  -  1  -    -  - 
Total liabilities  -  1  -    -  - 
Net assets  $ 6,660  $ 11,686  $ 11,594  $ 423  $ 5,897 
 
Total number of mutual fund shares  639,811  853,045  966,155  43,553  611,089 
 
Cost of mutual fund shares  $ 8,484  $ 13,681  $ 13,082  $ 379  $ 5,900 

The accompanying notes are an integral part of these financial statements.

11


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING PIMCO    ING Pioneer  ING Retirement  ING Retirement 
  Total Return  ING Pioneer  Mid Cap Value  Conservative  Growth 
  Bond Portfolio -  Fund Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Adviser Class  Adviser Class 
Assets           
Investments in mutual funds           
   at fair value  $ 52,810  $ 247  $ 8,851  $ 5,311  $ 104,719 
Total assets  52,810  247  8,851  5,311  104,719 
 
Liabilities           
Payable to related parties  3  -  -  -  11 
Total liabilities  3  -  -  -  11 
Net assets  $ 52,807  $ 247  $ 8,851  $ 5,311  $ 104,708 
 
Total number of mutual fund shares  4,321,638  25,386  943,603  636,767  11,140,338 
 
Cost of mutual fund shares  $ 49,987  $ 282  $ 9,952  $ 5,255  $ 102,692 

The accompanying notes are an integral part of these financial statements.

12


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING Retirement    ING T. Rowe  ING T. Rowe   
  Moderate  ING Retirement  Price Capital  Price Equity  ING Templeton 
  Growth  Moderate  Appreciation  Income  Global Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Adviser Class  Adviser Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 86,036  $ 48,799  $ 28,745  $ 9,133  $ 5,542 
Total assets  86,036  48,799  28,745  9,133  5,542 
 
Liabilities           
Payable to related parties  6  3  2  -  - 
Total liabilities  6  3  2  -  - 
Net assets  $ 86,030  $ 48,796  $ 28,743  $ 9,133  $ 5,542 
 
Total number of mutual fund shares  8,906,373  4,934,199  1,423,034  877,333  520,911 
 
Cost of mutual fund shares  $ 84,596  $ 48,123  $ 31,380  $ 10,466  $ 7,233 

The accompanying notes are an integral part of these financial statements.

13


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

    ING Van  ING Van     
  ING Van  Kampen Global  Kampen  ING Wells  ING American 
  Kampen Global  Tactical Asset  Growth and  Fargo Small  Century Small- 
  Franchise  Allocation  Income  Cap Disciplined  Mid Cap Value 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 4,835  $ 1,255  $ 2,542  $ 462  $ 546 
Total assets  4,835  1,255  2,542  462  546 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 4,835  $ 1,255  $ 2,542  $ 462  $ 546 
 
Total number of mutual fund shares  384,932  130,141  131,434  57,155  55,696 
 
Cost of mutual fund shares  $ 4,883  $ 1,009  $ 2,936  $ 517  $ 491 

The accompanying notes are an integral part of these financial statements.

14


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

          ING Legg 
  ING Baron  ING Columbia      Mason Partners 
  Small Cap  Small Cap  ING Davis New  ING JPMorgan  Aggressive 
  Growth  Value  York Venture  Mid Cap Value  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 10,085  $ 3,693  $ 9,426  $ 2,749  $ 1,233 
Total assets  10,085  3,693  9,426  2,749  1,233 
 
Liabilities           
Payable to related parties  -  -  1  -  - 
Total liabilities  -  -  1  -  - 
Net assets  $ 10,085  $ 3,693  $ 9,425  $ 2,749  $ 1,233 
 
Total number of mutual fund shares  673,241  439,097  591,712  241,782  32,368 
 
Cost of mutual fund shares  $ 10,477  $ 3,953  $ 9,418  $ 2,724  $ 1,530 

The accompanying notes are an integral part of these financial statements.

15


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

      ING    
  ING  ING  Oppenheimer     
  Oppenheimer  Oppenheimer  Strategic  ING PIMCO   
  Global  Global  Income  Total Return  ING Solution 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  2015 Portfolio - 
  Initial Class  Service Class  Service Class  Service Class  Service Class 
Assets             
Investments in mutual funds             
   at fair value  $ 165  $ 8,494  $ 111  $ 232  $ 179 
Total assets  165  8,494    111  232  179 
 
Liabilities             
Payable to related parties  -  1    -  -  - 
Total liabilities  -  1    -  -  - 
Net assets  $ 165  $ 8,493  $ 111  $ 232  $ 179 
 
Total number of mutual fund shares  13,590  717,391  10,601  20,075  17,638 
 
Cost of mutual fund shares  $ 161  $ 10,603  $ 110  $ 223  $ 157 

The accompanying notes are an integral part of these financial statements.

16


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

          ING T. Rowe 
          Price 
        ING Solution  Diversified Mid 
  ING Solution  ING Solution  ING Solution  Income  Cap Growth 
  2025 Portfolio -  2035 Portfolio -  2045 Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 1,191  $ 115  $ 17  $ 88  $ 1,248 
Total assets  1,191  115  17  88  1,248 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 1,191  $ 115  $ 17  $ 88  $ 1,248 
 
Total number of mutual fund shares  119,973  11,476  1,744  8,540  189,088 
 
Cost of mutual fund shares  $ 1,216  $ 138  $ 22  $ 78  $ 1,157 

The accompanying notes are an integral part of these financial statements.

17


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING T. Rowe        ING UBS U.S. 
  Price Growth  ING Templeton  ING Thornburg  ING Thornburg  Large Cap 
  Equity  Foreign Equity  Value  Value  Equity 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Initial Class  Service Class  Service Class 
Assets           
Investments in mutual funds           
   at fair value  $ 3,481  $ 8,299  $ 2  $ 185  $ 585 
Total assets  3,481  8,299  2  185  585 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 3,481  $ 8,299  $ 2  $ 185  $ 585 
 
Total number of mutual fund shares  75,229  801,044  64  6,363  73,185 
 
Cost of mutual fund shares  $ 3,176  $ 9,628  $ 2  $ 152  $ 687 

The accompanying notes are an integral part of these financial statements.

18


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING Van  ING Van  ING Strategic  ING Strategic  ING Strategic 
  Kampen  Kampen Equity  Allocation Allocation  Allocation 
  Comstock  and Income  Conservative  Growth  Moderate 
  Portfolio -  Portfolio -  Portfolio - Portfolio -  Portfolio - 
  Service Class  Service Class  Class S Class S  Class S 
Assets             
Investments in mutual funds             
   at fair value  $ 5,149  $ 2,971  $ -  $ 125  $ 29 
Total assets  5,149  2,971  -    125  29 
 
Liabilities             
Payable to related parties  -  -    -  -  - 
Total liabilities  -  -    -  -  - 
Net assets  $ 5,149  $ 2,971  $ -  $ 125  $ 29 
 
Total number of mutual fund shares  574,663  96,437  32  13,381  3,046 
 
Cost of mutual fund shares  $ 6,282  $ 3,110  $ -  $ 137  $ 37 

The accompanying notes are an integral part of these financial statements.

19


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING Growth  ING Growth       
  and Income  and Income  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Portfolio -  Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Class I  Class S  Series 5  Series 6  Series 7 
Assets           
Investments in mutual funds           
   at fair value  $ 1,258  $ 4,216  $ 2,455  $ 1,149  $ 2,427 
Total assets  1,258  4,216  2,455  1,149  2,427 
 
Liabilities           
Payable to related parties  1  -  -  -  - 
Total liabilities  1  -  -  -  - 
Net assets  $ 1,257  $ 4,216  $ 2,455  $ 1,149  $ 2,427 
 
Total number of mutual fund shares  64,755  218,681  316,754  141,722  307,211 
 
Cost of mutual fund shares  $ 1,581  $ 3,928  $ 3,011  $ 1,371  $ 2,927 

The accompanying notes are an integral part of these financial statements.

20


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Series 8  Series 9  Series 10  Series 11  Series 12 
Assets           
Investments in mutual funds           
   at fair value  $ 379  $ 230  $ 188  $ 230  $ 54 
Total assets  379  230  188  230  54 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 379  $ 230  $ 188  $ 230  $ 54 
 
Total number of mutual fund shares  47,727  29,276  23,430  29,266  7,024 
 
Cost of mutual fund shares  $ 452  $ 281  $ 196  $ 283  $ 68 

The accompanying notes are an integral part of these financial statements.

21


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

      ING BlackRock     
      Science and  ING Dow Jones   
      Technology  Euro STOXX  ING Hang Seng 
  ING GET U.S.  ING GET U.S.  Opportunities  50 Index  Index 
  Core Portfolio -  Core Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Series 13  Series 14  Class S  Class A  Class S 
Assets           
Investments in mutual funds           
   at fair value  $ 632  $ 8,916  $ 4,605  $ 53  $ 1,663 
Total assets  632  8,916  4,605  53  1,663 
 
Liabilities           
Payable to related parties  -  1  -  -  - 
Total liabilities  -  1  -  -  - 
Net assets  $ 632  $ 8,915  $ 4,605  $ 53  $ 1,663 
 
Total number of mutual fund shares  66,921  897,865  928,414  4,593  127,627 
 
Cost of mutual fund shares  $ 660  $ 9,138  $ 4,044  $ 53  $ 1,578 

The accompanying notes are an integral part of these financial statements.

22


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

        ING  ING
  ING Index Plus  ING Index Plus  ING Index Plus  International  Opportunistic 
  LargeCap  MidCap  SmallCap  Index  Large Cap 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S  Class S 
Assets             
Investments in mutual funds             
   at fair value  $ 3,685  $ 6,156  $ 5,099  $ 3,838  $ 141 
Total assets  3,685  6,156  5,099  3,838    141 
 
Liabilities             
Payable to related parties  -  1  -  -    - 
Total liabilities  -  1  -  -    - 
Net assets  $ 3,685  $ 6,155  $ 5,099  $ 3,838  $ 141 
 
Total number of mutual fund shares  298,862  483,951  446,904  469,763  14,808 
 
Cost of mutual fund shares  $ 4,768  $ 7,982  $ 6,920  $ 3,505  $ 175 

The accompanying notes are an integral part of these financial statements.

23


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ING Russell™  ING Russell™  ING Russell™  ING Russell™  ING Russell™ 
  Global Large  Large Cap  Large Cap  Large Cap  Mid Cap 
  Cap Index 75%  Growth Index  Index  Value Index  Growth Index 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S  Class S 
Assets           
Investments in mutual funds           
   at fair value  $ 386  $ 1,128  $ 6,942  $ 1,431  $ 3,743 
Total assets  386  1,128  6,942  1,431  3,743 
 
Liabilities           
Payable to related parties  -  -  1  -  - 
Total liabilities  -  -  1  -  - 
Net assets  $ 386  $ 1,128  $ 6,941  $ 1,431  $ 3,743 
 
Total number of mutual fund shares  38,759  87,984  780,836  113,172  285,041 
 
Cost of mutual fund shares  $ 367  $ 980  $ 5,908  $ 1,237  $ 3,317 

The accompanying notes are an integral part of these financial statements.

24


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

          ING 
          WisdomTreeSM 
    ING Russell™      Global High- 
  ING Russell™  Small Cap  ING Small  ING U.S. Bond  Yielding Equity 
  Mid Cap Index  Index  Company  Index  Index 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S  Class S 
Assets           
Investments in mutual funds           
   at fair value  $ 1,854  $ 1,908  $ 3,101  $ 5,543  $ 6,261 
Total assets  1,854  1,908  3,101  5,543  6,261 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 1,854  $ 1,908  $ 3,101  $ 5,543  $ 6,261 
 
Total number of mutual fund shares  200,485  195,338  211,820  535,008  805,747 
 
Cost of mutual fund shares  $ 1,452  $ 1,730  $ 2,780  $ 5,403  $ 4,971 

The accompanying notes are an integral part of these financial statements.

25


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

          Legg Mason 
          Global Currents 
  ING      Legg Mason  Variable 
  International  ING MidCap  ING SmallCap  ClearBridge  International 
  Value  Opportunities  Opportunities  Variable  All Cap 
  Portfolio -  Portfolio -  Portfolio -  Investors  Opportunity 
  Class S  Class S  Class S  Portfolio  Portfolio 
Assets           
Investments in mutual funds           
   at fair value  $ 1,004  $ 4,043  $ 721  $ 309  $ 118 
Total assets  1,004  4,043  721  309  118 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 1,004  $ 4,043  $ 721  $ 309  $ 118 
 
Total number of mutual fund shares  116,773  456,278  45,788  24,918  18,875 
 
Cost of mutual fund shares  $ 1,093  $ 3,783  $ 755  $ 425  $ 209 

The accompanying notes are an integral part of these financial statements.

26


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

        Legg Mason  Legg Mason 
  Legg Mason  Legg Mason  Legg Mason  Western Asset  Western Asset 
  Variable  Variable  Variable  Variable High Variable Money 
  Lifestyle  Lifestyle  Lifestyle  Income  Market 
  Allocation 50%  Allocation 70%  Allocation 85%  Portfolio  Portfolio 
Assets           
Investments in mutual funds           
   at fair value  $ 1,252  $ 521  $ 261  $ 183  $ 92 
Total assets  1,252  521  261  183  92 
 
Liabilities           
Payable to related parties  -  -  -  -  - 
Total liabilities  -  -  -  -  - 
Net assets  $ 1,252  $ 521  $ 261  $ 183  $ 92 
 
Total number of mutual fund shares  119,832  54,659  24,549  32,418  92,143 
 
Cost of mutual fund shares  $ 1,290  $ 465  $ 288  $ 203  $ 92 

The accompanying notes are an integral part of these financial statements.

27


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  Oppenheimer  PIMCO Real       
  Main Street  Return  Pioneer Equity     
  Small Cap  Portfolio -  Income VCT     
  Fund®/VA -  Administrative  Portfolio -  ProFund VP  ProFund VP 
  Service Class  Class Class II  Bull  Europe 30 
Assets             
Investments in mutual funds             
   at fair value  $ 98  $ 187  $ 1,526  $ 58  $ 69 
Total assets  98    187  1,526  58  69 
 
Liabilities             
Payable to related parties  -    -  -  -  - 
Total liabilities  -    -  -  -  - 
Net assets  $ 98  $ 187  $ 1,526  $ 58  $ 69 
 
Total number of mutual fund shares  6,888  15,052  90,570  2,475  3,257 
 
Cost of mutual fund shares  $ 105  $ 187  $ 1,463  $ 72  $ 90 

The accompanying notes are an integral part of these financial statements.

28


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Assets and Liabilities
December 31, 2009
(Dollars in thousands)

  ProFund VP 
  Rising Rates 
  Opportunity 
Assets   
Investments in mutual funds   
   at fair value  $ 216 
Total assets  216 
 
Liabilities   
Payable to related parties  - 
Total liabilities  - 
Net assets  $ 216 
 
Total number of mutual fund shares  15,120 
 
Cost of mutual fund shares  $ 299 

The accompanying notes are an integral part of these financial statements.

29


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    BlackRock  Columbia Small  Fidelity® VIP  Fidelity® VIP 
  AIM V.I.  Global  Cap Value  Equity-Income  Contrafund® 
  Leisure Fund -  Allocation V.I.  Fund, Variable  Portfolio -  Portfolio - 
  Series I Shares  Fund - Class III  Series - Class B  Service Class 2  Service Class 2 
Net investment income (loss)           
Income:           
   Dividends  $ 3  $ 233  $ 8  $ 106  $ 286 
Total investment income  3  233  8  106  286 
Expenses:           
   Mortality, expense risk           
and other charges  3  163  13  70  362 
   Annual administrative charges  -  2  -  1  4 
   Contingent deferred sales charges  -  -  -  4  12 
   Other contract charges  1  72  8  29  163 
Total expenses  4  237  21  104  541 
Net investment income (loss)  (1)  (4)  (13)  2  (255) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (6)  (261)  (32)  (372)  (2,473) 
Capital gains distributions  -  -  2  -  7 
Total realized gain (loss) on investments           
   and capital gains distributions  (6)  (261)  (30)  (372)  (2,466) 
Net unrealized appreciation           
   (depreciation) of investments  47  2,317  224  1,619  10,058 
Net realized and unrealized gain (loss)           
   on investments  41  2,056  194  1,247  7,592 
Net increase (decrease) in net assets           
   resulting from operations  $ 40  $ 2,052  $ 181  $ 1,249  $ 7,337 

The accompanying notes are an integral part of these financial statements.

30


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING   
  Franklin Small      ING  AllianceBernstein  ING American 
  Cap Value  ING Balanced  Intermediate  Mid Cap Growth  Funds Asset 
  Securities  Portfolio -  Bond Portfolio -  Portfolio - Service  Allocation 
  Fund - Class 2  Class S    Class S  Class  Portfolio 
Net investment income (loss)             
Income:             
   Dividends  $ 17  $ 10  $ 1,159  $ -  $ 78 
Total investment income  17    10  1,159  -  78 
Expenses:             
   Mortality, expense risk             
and other charges  11    3  251  26  73 
   Annual administrative charges  -    -  1  -  - 
   Contingent deferred sales charges  -    1  5  1  2 
   Other contract charges  5    1  118  15  29 
Total expenses  16    5  375  42  104 
Net investment income (loss)  1    5  784  (42)  (26) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  (92)    (7)  (540)  (1,501)  (105) 
Capital gains distributions  46    -  -  -  21 
Total realized gain (loss) on investments             
   and capital gains distributions  (46)    (7)  (540)  (1,501)  (84) 
Net unrealized appreciation             
   (depreciation) of investments  344    40  1,289  2,193  1,238 
Net realized and unrealized gain (loss)             
   on investments  298    33  749  692  1,154 
Net increase (decrease) in net assets             
   resulting from operations  $ 299  $ 38  $ 1,533  $ 650  $ 1,128 

The accompanying notes are an integral part of these financial statements.

31


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING American 
      ING American  ING American  Funds World 
  ING American ING American    Funds Growth-   Funds  Allocation 
  Funds Bond  Funds Growth  Income  International  Portfolio - 
  Portfolio  Portfolio  Portfolio  Portfolio  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 584  $ 770  $ 602  $ 855  $ 4 
Total investment income  584  770  602  855  4 
Expenses:           
   Mortality, expense risk           
and other charges  264  633  391  375  10 
   Annual administrative charges  2  6  5  5  - 
   Contingent deferred sales charges  5  30  22  12  - 
   Other contract charges  143  337  209  192  3 
Total expenses  414  1,006  627  584  13 
Net investment income (loss)  170  (236)  (25)  271  (9) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (249)  (1,607)  (831)  (1,212)  95 
Capital gains distributions  4  5,268  1,891  3,931  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (245)  3,661  1,060  2,719  95 
Net unrealized appreciation           
   (depreciation) of investments  1,654  9,239  5,410  5,052  123 
Net realized and unrealized gain (loss)           
   on investments  1,409  12,900  6,470  7,771  218 
Net increase (decrease) in net assets           
   resulting from operations  $ 1,579  $ 12,664  $ 6,445  $ 8,042  $ 209 

The accompanying notes are an integral part of these financial statements.

32


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING BlackRock  ING BlackRock  ING BlackRock  ING Clarion 
  ING Artio  Inflation  Large Cap  Large Cap  Global Real 
  Foreign  Protected Bond  Growth  Value  Estate 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 366  $ 88  $ 7  $ 2  $ 122 
Total investment income  366  88  7  2  122 
Expenses:           
   Mortality, expense risk           
and other charges  159  42  32  6  70 
   Annual administrative charges  1  -  -  -  1 
   Contingent deferred sales charges  6  -  2  1  2 
   Other contract charges  87  16  18  4  34 
Total expenses  253  58  52  11  107 
Net investment income (loss)  113  30  (45)  (9)  15 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (2,278)  2  (166)  (9)  (1,034) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (2,278)  2  (166)  (9)  (1,034) 
Net unrealized appreciation           
   (depreciation) of investments  3,648  175  768  58  2,516 
Net realized and unrealized gain (loss)           
   on investments  1,370  177  602  49  1,482 
Net increase (decrease) in net assets           
   resulting from operations  $ 1,483  $ 207  $ 557  $ 40  $ 1,497 

The accompanying notes are an integral part of these financial statements.

33


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Clarion  ING Evergreen  ING Evergreen  ING FMRSM   
  Real Estate  Health Sciences  Omega  Diversified Mid  ING Focus 5 
  Portfolio -  Portfolio -  Portfolio -  Cap Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 135  $ -  $ 4  $ 33  $ - 
Total investment income  135  -  4  33  - 
Expenses:           
   Mortality, expense risk           
and other charges  49  71  12  104  22 
   Annual administrative charges  1  1  -  1  - 
   Contingent deferred sales charges  2  2  -  3  1 
   Other contract charges  30  35  6  46  11 
Total expenses  82  109  18  154  34 
Net investment income (loss)  53  (109)  (14)  (121)  (34) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (946)  (377)  (48)  (823)  (187) 
Capital gains distributions  82  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (864)  (377)  (48)  (823)  (187) 
Net unrealized appreciation           
   (depreciation) of investments  1,882  1,284  398  2,993  477 
Net realized and unrealized gain (loss)           
   on investments  1,018  907  350  2,170  290 
Net increase (decrease) in net assets           
   resulting from operations  $ 1,071  $ 798  $ 336  $ 2,049  $ 256 

The accompanying notes are an integral part of these financial statements.

34


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      ING Franklin     
      Templeton     
  ING Franklin  ING Franklin  Founding  ING Global  ING Growth 
  Income  Mutual Shares  Strategy  Resources  and Income 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio II - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 1,001  $ 7  $ 349  $ 40  $ 82 
Total investment income  1,001  7  349  40  82 
Expenses:           
   Mortality, expense risk           
and other charges  237  82  187  204  25 
   Annual administrative charges  2  1  2  2  - 
   Contingent deferred sales charges  9  4  2  36  1 
   Other contract charges  128  37  94  100  16 
Total expenses  376  124  285  342  42 
Net investment income (loss)  625  (117)  64  (302)  40 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (561)  (399)  (282)  (1,075)  (3,919) 
Capital gains distributions  -  -  167  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (561)  (399)  (115)  (1,075)  (3,919) 
Net unrealized appreciation           
   (depreciation) of investments  3,928  1,654  3,062  5,220  4,266 
Net realized and unrealized gain (loss)           
   on investments  3,367  1,255  2,947  4,145  347 
Net increase (decrease) in net assets           
   resulting from operations  $ 3,992  $ 1,138  $ 3,011  $ 3,843  $ 387 

The accompanying notes are an integral part of these financial statements.

35


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING      
  ING Index Plus  International    ING JPMorgan  ING JPMorgan 
  International  Growth  ING Janus  Emerging  Small Cap Core 
  Equity  Opportunities  Contrarian  Markets Equity  Equity 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)             
Income:             
   Dividends  $ 119  $ 6  $ 46  $ 202  $ 14 
Total investment income  119    6  46  202  14 
Expenses:             
   Mortality, expense risk             
and other charges  14    1  112  220  50 
   Annual administrative charges  -    -  2  2  1 
   Contingent deferred sales charges  -    -  5  10  3 
   Other contract charges  10    -  51  122  30 
Total expenses  24    1  170  354  84 
Net investment income (loss)  95    5  (124)  (152)  (70) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  (1,765)    (144)  (1,355)  (664)  (725) 
Capital gains distributions  -    -  -  -  73 
Total realized gain (loss) on investments             
   and capital gains distributions  (1,765)    (144)  (1,355)  (664)  (652) 
Net unrealized appreciation             
   (depreciation) of investments  1,990    199  3,772  8,267  1,341 
Net realized and unrealized gain (loss)             
   on investments  225    55  2,417  7,603  689 
Net increase (decrease) in net assets             
   resulting from operations  $ 320  $ 60  $ 2,293  $ 7,451  $ 619 

The accompanying notes are an integral part of these financial statements.

36


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING JPMorgan  ING LifeStyle      ING LifeStyle 
  Value  Aggressive  ING LifeStyle  ING LifeStyle  Moderate 
  Opportunities  Growth  Conservative  Growth  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 60  $ 818  $ 106  $ 2,957  $ 3,865 
Total investment income  60  818  106  2,957  3,865 
Expenses:           
   Mortality, expense risk           
and other charges  8  261  26  817  903 
   Annual administrative charges  -  2  -  4  3 
   Contingent deferred sales charges  -  14  -  25  55 
   Other contract charges  4  190  9  483  447 
Total expenses  12  467  35  1,329  1,408 
Net investment income (loss)  48  351  71  1,628  2,457 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (868)  (11,040)  (14)  (23,128)  (18,853) 
Capital gains distributions  -  352  405  1,310  1,473 
Total realized gain (loss) on investments           
   and capital gains distributions  (868)  (10,688)  391  (21,818)  (17,380) 
Net unrealized appreciation           
   (depreciation) of investments  883  15,542  -  33,433  29,017 
Net realized and unrealized gain (loss)           
   on investments  15  4,854  391  11,615  11,637 
Net increase (decrease) in net assets           
   resulting from operations  $ 63  $ 5,205  $ 462  $ 13,243  $ 14,094 

The accompanying notes are an integral part of these financial statements.

37


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Lord   
  ING LifeStyle  ING Limited  ING Liquid  Abbett  ING Marsico 
  Moderate  Maturity Bond  Assets  Affiliated  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)             
Income:             
   Dividends  $ 2,437  $ 20  $ 50  $ 2  $ 56 
Total investment income  2,437  20  50    2  56 
Expenses:             
   Mortality, expense risk             
and other charges  525  6  879    4  95 
   Annual administrative charges  2  -  7    -  1 
   Contingent deferred sales charges  32  -  118    -  2 
   Other contract charges  220  -  217    2  35 
Total expenses  779  6  1,221    6  133 
Net investment income (loss)  1,658  14  (1,171)    (4)  (77) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  (5,912)  (13)  -    (8)  (345) 
Capital gains distributions  546  3  120    -  - 
Total realized gain (loss) on investments             
   and capital gains distributions  (5,366)  (10)  120    (8)  (345) 
Net unrealized appreciation             
   (depreciation) of investments  10,643  17  -    53  1,956 
Net realized and unrealized gain (loss)             
   on investments  5,277  7  120    45  1,611 
Net increase (decrease) in net assets             
   resulting from operations  $ 6,935  $ 21  $ (1,051)  $ 41  $ 1,534 

The accompanying notes are an integral part of these financial statements.

38


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Multi-  ING
  ING Marsico      Manager  Oppenheimer 
  International  ING MFS Total  ING MFS  International  Active
  Opportunities  Return  Utilities  Small Cap  Allocation 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Class S    Service Class 
Net investment income (loss)               
Income:               
   Dividends  $ 75  $ 272  $ 544  $ 26  $ 3 
Total investment income  75  272  544    26    3 
Expenses:               
   Mortality, expense risk               
and other charges  89  157  138    3    3 
   Annual administrative charges  1  2  1    -    - 
   Contingent deferred sales charges  2  6  10    -    - 
   Other contract charges  45  56  69    1    - 
Total expenses  137  221  218    4    3 
Net investment income (loss)  (62)  51  326    22    - 
 
Realized and unrealized gain (loss)               
   on investments               
Net realized gain (loss) on investments  (599)  (463)  (161)    (18)    7 
Capital gains distributions  -  -  -    -    1 
Total realized gain (loss) on investments               
   and capital gains distributions  (599)  (463)  (161)    (18)    8 
Net unrealized appreciation               
   (depreciation) of investments  2,471  1,921  2,388    70    44 
Net realized and unrealized gain (loss)               
   on investments  1,872  1,458  2,227    52    52 
Net increase (decrease) in net assets               
   resulting from operations  $ 1,810  $ 1,509  $ 2,553  $ 74  $ 52 

The accompanying notes are an integral part of these financial statements.

39


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING         
  Oppenheimer  ING PIMCO  ING PIMCO    ING Pioneer 
  Main Street  High Yield  Total Return  ING Pioneer  Mid Cap Value 
  Portfolio® -  Portfolio -  Bond Portfolio -  Fund Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 29  $ 458  $ 1,793  $ 3  $ 97 
Total investment income  29  458  1,793  3  97 
Expenses:           
   Mortality, expense risk           
and other charges  32  86  728  3  103 
   Annual administrative charges  -  1  5  -  1 
   Contingent deferred sales charges  1  8  44  1  4 
   Other contract charges  10  41  310  1  57 
Total expenses  43  136  1,087  5  165 
Net investment income (loss)  (14)  322  706  (2)  (68) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (2,930)  (199)  342  (38)  (452) 
Capital gains distributions  -  -  1,456  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (2,930)  (199)  1,798  (38)  (452) 
Net unrealized appreciation           
   (depreciation) of investments  3,059  1,950  2,557  82  2,029 
Net realized and unrealized gain (loss)           
   on investments  129  1,751  4,355  44  1,577 
Net increase (decrease) in net assets           
   resulting from operations  $ 115  $ 2,073  $ 5,061  $ 42  $ 1,509 

The accompanying notes are an integral part of these financial statements.

40


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      ING Retirement    ING T. Rowe 
  ING Retirement  ING Retirement  Moderate  ING Retirement  Price Capital 
  Conservative  Growth  Growth  Moderate  Appreciation 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Adviser Class  Adviser Class  Adviser Class  Adviser Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ -  $ -  $ -  $ -  $ 481 
Total investment income  -  -  -  -  481 
Expenses:           
   Mortality, expense risk           
and other charges  15  305  249  145  353 
   Annual administrative charges  -  14  8  4  4 
   Contingent deferred sales charges  -  4  3  3  13 
   Other contract charges  5  156  119  56  204 
Total expenses  20  479  379  208  574 
Net investment income (loss)  (20)  (479)  (379)  (208)  (93) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  -  1  15  3  (875) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  -  1  15  3  (875) 
Net unrealized appreciation           
   (depreciation) of investments  56  2,027  1,440  676  7,483 
Net realized and unrealized gain (loss)           
   on investments  56  2,028  1,455  679  6,608 
Net increase (decrease) in net assets           
   resulting from operations  $ 36  $ 1,549  $ 1,076  $ 471  $ 6,515 

The accompanying notes are an integral part of these financial statements.

41


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING Van 
  ING T. Rowe    ING Van  ING Van  Kampen Global 
  Price Equity  ING Templeton  Kampen Capital  Kampen Global  Tactical Asset 
  Income  Global Growth  Growth  Franchise  Allocation 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 138  $ 105  $ 3  $ 260  $ 21 
Total investment income  138  105  3  260  21 
Expenses:           
   Mortality, expense risk           
and other charges  114  72  5  63  43 
   Annual administrative charges  1  1  -  1  - 
   Contingent deferred sales charges  3  2  -  4  - 
   Other contract charges  56  37  2  29  28 
Total expenses  174  112  7  97  71 
Net investment income (loss)  (36)  (7)  (4)  163  (50) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (1,527)  (799)  (292)  (525)  570 
Capital gains distributions  -  -  -  112  22 
Total realized gain (loss) on investments           
   and capital gains distributions  (1,527)  (799)  (292)  (413)  592 
Net unrealized appreciation           
   (depreciation) of investments  3,177  1,996  425  1,155  246 
Net realized and unrealized gain (loss)           
   on investments  1,650  1,197  133  742  838 
Net increase (decrease) in net assets           
   resulting from operations  $ 1,614  $ 1,190  $ 129  $ 905  $ 788 

The accompanying notes are an integral part of these financial statements.

42


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Van         
  Kampen  ING Wells  ING American  ING American  ING Baron 
  Growth and  Fargo Small  Century Large  Century Small-  Small Cap 
  Income  Cap Disciplined  Company Value  Mid Cap Value  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 28  $ 2  $ 4  $ 6  $ - 
Total investment income  28  2  4  6  - 
Expenses:           
   Mortality, expense risk           
and other charges  30  4  1  3  117 
   Annual administrative charges  1  -  -  -  1 
   Contingent deferred sales charges  1  -  -  -  1 
   Other contract charges  12  2  1  2  65 
Total expenses  44  6  2  5  184 
Net investment income (loss)  (16)  (4)  2  1  (184) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (209)  (15)  (210)  (5)  (276) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (209)  (15)  (210)  (5)  (276) 
Net unrealized appreciation           
   (depreciation) of investments  647  92  211  111  2,805 
Net realized and unrealized gain (loss)           
   on investments  438  77  1  106  2,529 
Net increase (decrease) in net assets           
   resulting from operations  $ 422  $ 73  $ 3  $ 107  $ 2,345 

The accompanying notes are an integral part of these financial statements.

43


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Legg   
  ING Columbia      Mason Partners  ING Neuberger 
  Small Cap  ING Davis New  ING JPMorgan  Aggressive  Berman 
  Value  York Venture  Mid Cap Value  Growth  Partners 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ 41  $ 54  $ 31  $ -  $ 13 
Total investment income  41  54  31  -  13 
Expenses:           
   Mortality, expense risk           
and other charges  52  126  28  19  3 
   Annual administrative charges  -  1  -  -  1 
   Contingent deferred sales charges  2  3  -  -  - 
   Other contract charges  28  63  9  10  1 
Total expenses  82  193  37  29  5 
Net investment income (loss)  (41)  (139)  (6)  (29)  8 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (178)  (1,519)  (61)  (79)  (331) 
Capital gains distributions  -  -  33  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (178)  (1,519)  (28)  (79)  (331) 
Net unrealized appreciation           
   (depreciation) of investments  969  3,467  536  418  377 
Net realized and unrealized gain (loss)           
   on investments  791  1,948  508  339  46 
Net increase (decrease) in net assets           
   resulting from operations  $ 750  $ 1,809  $ 502  $ 310  $ 54 

The accompanying notes are an integral part of these financial statements.

44


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING    
  ING ING  Oppenheimer     
  Oppenheimer  Oppenheimer  Strategic  ING PIMCO   
  Global Global  Income Total Return  ING Solution 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  2015 Portfolio - 
  Initial Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)               
Income:               
   Dividends  $ 4  $ 166  $ 4  $ 7  $ 6 
Total investment income    4  166    4  7  6 
Expenses:               
   Mortality, expense risk               
and other charges    2  116    1  2  1 
   Annual administrative charges    -  2    -  -  - 
   Contingent deferred sales charges    2  11    -  -  - 
   Other contract charges    1  59    1  1  1 
Total expenses    5  188    2  3  2 
Net investment income (loss)    (1)  (22)    2  4  4 
 
Realized and unrealized gain (loss)               
   on investments               
Net realized gain (loss) on investments    (15)  (521)    -  (1)  (1) 
Capital gains distributions    3  138    -  8  1 
Total realized gain (loss) on investments               
   and capital gains distributions    (12)  (383)    -  7  - 
Net unrealized appreciation               
   (depreciation) of investments    66  2,768    16  12  24 
Net realized and unrealized gain (loss)               
   on investments    54  2,385    16  19  24 
Net increase (decrease) in net assets               
   resulting from operations  $ 53  $ 2,363  $ 18  $ 23  $ 28 

The accompanying notes are an integral part of these financial statements.

45


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

            ING T. Rowe 
            Price 
        ING Solution  Diversified Mid 
  ING Solution  ING Solution  ING Solution  Income Cap Growth 
  2025 Portfolio -  2035 Portfolio -  2045 Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class  Service Class 
Net investment income (loss)             
Income:             
   Dividends  $ 32  $ 2  $ -  $ 4  $ 3 
Total investment income  32  2  -    4  3 
Expenses:             
   Mortality, expense risk             
and other charges  10  1  -    1  9 
   Annual administrative charges  -  -  -    -  - 
   Contingent deferred sales charges  -  -  -    -  - 
   Other contract charges  5  1  -    -  5 
Total expenses  15  2  -    1  14 
Net investment income (loss)  17  -  -    3  (11) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  (9)  (1)  -    (6)  (37) 
Capital gains distributions  1  -  -    -  - 
Total realized gain (loss) on investments             
   and capital gains distributions  (8)  (1)  -    (6)  (37) 
Net unrealized appreciation             
   (depreciation) of investments  202  20  4    18  364 
Net realized and unrealized gain (loss)             
   on investments  194  19  4    12  327 
Net increase (decrease) in net assets             
   resulting from operations  $ 211  $ 19  $ 4  $ 15  $ 316 

The accompanying notes are an integral part of these financial statements.

46


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING T. Rowe        ING UBS U.S. 
  Price Growth  ING Templeton  ING Thornburg  ING Thornburg  Large Cap 
  Equity  Foreign Equity  Value  Value  Equity 
  Portfolio -  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Initial Class  Service Class  Service Class 
Net investment income (loss)           
Income:           
   Dividends  $ -  $ -  $ -  $ 1  $ 7 
Total investment income  -  -  -  1  7 
Expenses:           
   Mortality, expense risk           
and other charges  28  105  -  2  7 
   Annual administrative charges  -  1  -  -  - 
   Contingent deferred sales charges  -  6  -  -  - 
   Other contract charges  14  41  -  1  4 
Total expenses  42  153  -  3  11 
Net investment income (loss)  (42)  (153)  -  (2)  (4) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (103)  (498)  -  (1)  (18) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (103)  (498)  -  (1)  (18) 
Net unrealized appreciation           
   (depreciation) of investments  837  2,419  1  50  158 
Net realized and unrealized gain (loss)           
   on investments  734  1,921  1  49  140 
Net increase (decrease) in net assets           
   resulting from operations  $ 692  $ 1,768  $ 1  $ 47  $ 136 

The accompanying notes are an integral part of these financial statements.

47


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Van  ING Van  ING Strategic  ING Strategic  ING Strategic 
  Kampen  Kampen Equity  Allocation Allocation  Allocation
  Comstock  and Income  Conservative  Growth Moderate
  Portfolio -  Portfolio -  Portfolio - Portfolio -  Portfolio -
  Service Class  Service Class  Class S Class S Class S
Net investment income (loss)                 
Income:                 
   Dividends  $ 106  $ 45  $ -  $ 10  $ 2 
Total investment income  106  45    -    10    2 
Expenses:                 
   Mortality, expense risk                 
and other charges  63  38    -    1    - 
   Annual administrative charges  1  -    -    -    - 
   Contingent deferred sales charges  6  2    -    -    - 
   Other contract charges  28  12    -    1    - 
Total expenses  98  52    -    2    - 
Net investment income (loss)  8  (7)    -    8    2 
 
Realized and unrealized gain (loss)                 
   on investments                 
Net realized gain (loss) on investments  (241)  (61)    -    (2)    - 
Capital gains distributions  -  -    -    6    1 
Total realized gain (loss) on investments                 
   and capital gains distributions  (241)  (61)    -    4    1 
Net unrealized appreciation                 
   (depreciation) of investments  1,159  550    -    12    2 
Net realized and unrealized gain (loss)                 
   on investments  918  489    -    16    3 
Net increase (decrease) in net assets                 
   resulting from operations  $ 926  $ 482  $ -  $ 24  $ 5 

The accompanying notes are an integral part of these financial statements.

48


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Growth  ING Growth       
  and Income  and Income  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Portfolio -  Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Class I  Class S  Series 3  Series 4  Series 5 
Net investment income (loss)           
Income:           
   Dividends  $ 17  $ 49  $ 48  $ 104  $ 95 
Total investment income  17  49  48  104  95 
Expenses:           
   Mortality, expense risk           
and other charges  15  31  9  23  55 
   Annual administrative charges  1  1  -  -  1 
   Contingent deferred sales charges  -  1  2  8  25 
   Other contract charges  -  17  -  -  - 
Total expenses  16  50  11  31  81 
Net investment income (loss)  1                           (1)  37  73  14 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (79)  (92)  (165)  (550)  (202) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (79)  (92)  (165)  (550)  (202) 
Net unrealized appreciation           
   (depreciation) of investments  367  566  109  448  139 
Net realized and unrealized gain (loss)           
   on investments  288  474  (56)  (102)  (63) 
Net increase (decrease) in net assets           
   resulting from operations  $ 289  $ 473  $ (19)  $ (29)  $ (49) 

The accompanying notes are an integral part of these financial statements.

49


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Series 6  Series 7  Series 8  Series 9  Series 10 
Net investment income (loss)           
Income:           
   Dividends  $ 28  $ 59  $ 8  $ 5  $ 24 
Total investment income  28  59  8  5  24 
Expenses:           
   Mortality, expense risk           
and other charges  28  55  8  5  17 
   Annual administrative charges  -  -  -  -  - 
   Contingent deferred sales charges  4  2  -  -  20 
   Other contract charges  -  -  -  -  - 
Total expenses  32  57  8  5  37 
Net investment income (loss)  (4)  2  -  -  (13) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (65)  (75)  (2)  (2)  (177) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (65)  (75)  (2)  (2)  (177) 
Net unrealized appreciation           
   (depreciation) of investments  54  38  1  -  153 
Net realized and unrealized gain (loss)           
   on investments  (11)  (37)  (1)  (2)  (24) 
Net increase (decrease) in net assets           
   resulting from operations  $ (15)  $ (35)  $ (1)  $ (2)  $ (37) 

The accompanying notes are an integral part of these financial statements.

50


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING BlackRock 
          Science and 
          Technology 
  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S.  Opportunities 
  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio -  Portfolio - 
  Series 11  Series 12  Series 13  Series 14  Class S 
Net investment income (loss)           
Income:           
   Dividends  $ 9  $ 2  $ 24  $ 385  $ - 
Total investment income  9  2  24  385  - 
Expenses:           
   Mortality, expense risk           
and other charges  4  1  15  216  49 
   Annual administrative charges  -  -  -  2  1 
   Contingent deferred sales charges  1  -  1  15  3 
   Other contract charges  -  -  -  -  23 
Total expenses  5  1  16  233  76 
Net investment income (loss)  4  1  8  152  (76) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (6)  (1)  (5)  (11)  (96) 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (6)  (1)  (5)  (11)  (96) 
Net unrealized appreciation           
   (depreciation) of investments  (6)  (2)  (34)  (459)  1,459 
Net realized and unrealized gain (loss)           
   on investments  (12)  (3)  (39)  (470)  1,363 
Net increase (decrease) in net assets           
   resulting from operations  $ (8)  $ (2)  $ (31)  $ (318)  $ 1,287 

The accompanying notes are an integral part of these financial statements.

51


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Dow Jones           
  Euro STOXX  ING Global    ING Index Plus  ING Index Plus 
  50 Index  Equity Option  ING Hang Seng  LargeCap  MidCap 
  Portfolio -  Portfolio -  Index Portfolio -  Portfolio -  Portfolio - 
  Class A  Class S Class S  Class S  Class S 
Net investment income (loss)             
Income:             
   Dividends  $ -  $ -  $ 8  $ 96  $ 74 
Total investment income  -    -  8  96  74 
Expenses:             
   Mortality, expense risk             
and other charges  -    -  10  49  79 
   Annual administrative charges  -    -  -  1  1 
   Contingent deferred sales charges  -    -  -  2  6 
   Other contract charges  -    -  5  28  45 
Total expenses  -    -  15  80  131 
Net investment income (loss)  -    -                             (7)  16  (57) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  -    (2)  12  (163)  (403) 
Capital gains distributions  -    4  -  -  - 
Total realized gain (loss) on investments             
   and capital gains distributions  -    2  12  (163)  (403) 
Net unrealized appreciation             
   (depreciation) of investments  -    -  85  782  1,844 
Net realized and unrealized gain (loss)             
   on investments  -    2  97  619  1,441 
Net increase (decrease) in net assets             
   resulting from operations  $ -  $ 2  $ 90  $ 635  $ 1,384 

The accompanying notes are an integral part of these financial statements.

52


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING    
          Opportunistic  ING
  ING Index Plus  ING  ING Japan  Large Cap  Opportunistic 
  SmallCap  International  Equity Index  Growth Large Cap 
  Portfolio -  Index Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class A Class S Class S
Net investment income (loss)                 
Income:                 
   Dividends  $ 66  $ -  $ -  $ -  $ 3 
Total investment income  66  -    -    -    3 
Expenses:                 
   Mortality, expense risk                 
and other charges  67  25    -    -    2 
   Annual administrative charges  1  -    -    -    - 
   Contingent deferred sales charges  3  1    -    -    - 
   Other contract charges  40  11    -    -    - 
Total expenses  111  37    -    -    2 
Net investment income (loss)  (45)  (37)    -    -    1 
 
Realized and unrealized gain (loss)                 
   on investments                 
Net realized gain (loss) on investments  (318)  (62)    (1)    (6)    (12) 
Capital gains distributions  -  -    -    -    - 
Total realized gain (loss) on investments                 
   and capital gains distributions  (318)  (62)    (1)    (6)    (12) 
Net unrealized appreciation                 
   (depreciation) of investments  1,265  510    -    10    27 
Net realized and unrealized gain (loss)                 
   on investments  947  448    (1)    4    15 
Net increase (decrease) in net assets                 
   resulting from operations  $ 902  $ 411  $ (1)  $ 4  $ 16 

The accompanying notes are an integral part of these financial statements.

53


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Russell™  ING Russell™    ING Russell™  ING Russell™ 
  Global Large  Large Cap  ING Russell™  Large Cap  Mid Cap 
  Cap Index 75%  Growth Index  Large Cap  Value Index  Growth Index 
  Portfolio -  Portfolio -  Index Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S  Class S 
Net investment income (loss)           
Income:           
   Dividends  $ 7  $ -  $ -  $ -  $ - 
Total investment income  7  -  -  -  - 
Expenses:           
   Mortality, expense risk           
and other charges  2  7  51  10  22 
   Annual administrative charges  -  -  1  -  1 
   Contingent deferred sales charges  -  -  2  2  1 
   Other contract charges  -  3  19  4  10 
Total expenses  2  10  73  16  34 
Net investment income (loss)  5  (10)  (73)  (16)  (34) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  -  23  (146)  42  25 
Capital gains distributions  -  -  -  -  - 
Total realized gain (loss) on investments           
   and capital gains distributions  -  23  (146)  42  25 
Net unrealized appreciation           
   (depreciation) of investments  19  148  1,247  194  426 
Net realized and unrealized gain (loss)           
   on investments  19  171  1,101  236  451 
Net increase (decrease) in net assets           
   resulting from operations  $ 24  $ 161  $ 1,028  $ 220  $ 417 

The accompanying notes are an integral part of these financial statements.

54


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

          ING 
          WisdomTreeSM 
  ING Russell™  ING Russell™  ING Small    Global High- 
  Mid Cap Index  Small Cap  Company  ING U.S. Bond  Yielding Equity 
  Portfolio -  Index Portfolio -  Portfolio -  Index Portfolio -  Index Portfolio - 
  Class S  Class S  Class S  Class S  Class S 
Net investment income (loss)           
Income:           
   Dividends  $ -  $ -  $ 10  $ 103  $ - 
Total investment income  -  -  10  103  - 
Expenses:           
   Mortality, expense risk           
and other charges  18  19  25  72  71 
   Annual administrative charges  -  -  -  1  1 
   Contingent deferred sales charges  -  1  -  1  14 
   Other contract charges  7  8  12  35  39 
Total expenses  25  28  37  109  125 
Net investment income (loss)  (25)  (28)  (27)  (6)  (125) 
 
Realized and unrealized gain (loss)           
   on investments           
Net realized gain (loss) on investments  (97)  (127)  (113)  37  (1,822) 
Capital gains distributions  -  -  -  42  - 
Total realized gain (loss) on investments           
   and capital gains distributions  (97)  (127)  (113)  79  (1,822) 
Net unrealized appreciation           
   (depreciation) of investments  596  473  653  95  2,857 
Net realized and unrealized gain (loss)           
   on investments  499  346  540  174  1,035 
Net increase (decrease) in net assets           
   resulting from operations  $ 474  $ 318  $ 513  $ 168  $ 910 

The accompanying notes are an integral part of these financial statements.

55


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

            Legg Mason 
            Global Currents 
  ING     Legg Mason  Variable 
  International  ING MidCap  ING SmallCap  ClearBridge  International 
  Value Opportunities  Opportunities  Variable  All Cap 
  Portfolio -  Portfolio -  Portfolio -  Investors  Opportunity 
  Class S  Class S  Class S  Portfolio  Portfolio 
Net investment income (loss)             
Income:             
   Dividends  $ 13  $ 4  $ -  $ 5  $ 1 
Total investment income    13  4  -  5  1 
Expenses:             
   Mortality, expense risk             
and other charges    10  46  9  4  1 
   Annual administrative charges    -  1  -  -  - 
   Contingent deferred sales charges    -  -  -  -  - 
   Other contract charges    6  21  5  -  - 
Total expenses    16  68  14  4  1 
Net investment income (loss)    (3)  (64)  (14)  1  - 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments    (64)  (293)  (89)  (21)  (29) 
Capital gains distributions    -  -  -  -  - 
Total realized gain (loss) on investments             
   and capital gains distributions    (64)  (293)  (89)  (21)  (29) 
Net unrealized appreciation             
   (depreciation) of investments    266  1,523  259  78  55 
Net realized and unrealized gain (loss)             
   on investments    202  1,230  170  57  26 
Net increase (decrease) in net assets             
   resulting from operations  $ 199  $ 1,166  $ 156  $ 58  $ 26 

The accompanying notes are an integral part of these financial statements.

56


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        Legg Mason  Legg Mason 
  Legg Mason  Legg Mason  Legg Mason  Western Asset  Western Asset 
  Variable  Variable  Variable  Variable High      Variable Money 
  Lifestyle  Lifestyle  Lifestyle  Income  Market
  Allocation 50%   Allocation 70%  Allocation 85%  Portfolio  Portfolio
Net investment income (loss)               
Income:               
   Dividends  $ 57  $ 16  $ 5  $ 18  $ - 
Total investment income  57  16  5    18    - 
Expenses:               
   Mortality, expense risk               
and other charges  17  6  3    2    1 
   Annual administrative charges  1  1  1    -    - 
   Contingent deferred sales charges  -  -  -    -    - 
   Other contract charges  -  -  -    -    - 
Total expenses  18  7  4    2    1 
Net investment income (loss)  39  9  1    16    (1) 
 
Realized and unrealized gain (loss)               
   on investments               
Net realized gain (loss) on investments  (82)  (38)  (19)    (1)    - 
Capital gains distributions  -  -  -    -    - 
Total realized gain (loss) on investments               
   and capital gains distributions  (82)  (38)  (19)    (1)    - 
Net unrealized appreciation               
   (depreciation) of investments  379  146  81    52    - 
Net realized and unrealized gain (loss)               
   on investments  297  108  62    51    - 
Net increase (decrease) in net assets               
   resulting from operations  $ 336  $ 117  $ 63  $ 67  $ (1) 

The accompanying notes are an integral part of these financial statements.

57


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  Oppenheimer  PIMCO Real       
  Main Street  Return Pioneer Equity  Pioneer Small   
  Small Cap  Portfolio -  Income VCT  Cap Value VCT   
  Fund®/VA -  Administrative  Portfolio -  Portfolio -  ProFund VP 
  Service Class  Class Class II  Class II  Bull 
Net investment income (loss)             
Income:             
   Dividends  $ 1  $ 5  $ 45  $ -  $ - 
Total investment income  1    5  45  -  - 
Expenses:             
   Mortality, expense risk             
and other charges  1    2  16  -  1 
   Annual administrative charges  -    -  -  -  - 
   Contingent deferred sales charges  -    -  -  -  - 
   Other contract charges  1    1  8  -  - 
Total expenses  2    3  24  -  1 
Net investment income (loss)  (1)    2  21  -  (1) 
 
Realized and unrealized gain (loss)             
   on investments             
Net realized gain (loss) on investments  (4)    -  (216)  (104)  (5) 
Capital gains distributions  -    7  -  -  - 
Total realized gain (loss) on investments             
   and capital gains distributions  (4)    7  (216)  (104)  (5) 
Net unrealized appreciation             
   (depreciation) of investments  32    16  396  100  17 
Net realized and unrealized gain (loss)             
   on investments  28    23  180  (4)  12 
Net increase (decrease) in net assets             
   resulting from operations  $ 27  $ 25  $ 201  $ (4)  $ 11 

The accompanying notes are an integral part of these financial statements.

58


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ProFund VP 
  ProFund VP  Rising Rates 
  Europe 30  Opportunity 
Net investment income (loss)     
Income:     
   Dividends  $ 2  $ 1 
Total investment income  2  1 
Expenses:     
   Mortality, expense risk     
and other charges  1  4 
   Annual administrative charges  -  - 
   Contingent deferred sales charges  -  - 
   Other contract charges  -  1 
Total expenses  1  5 
Net investment income (loss)  1  (4) 
 
Realized and unrealized gain (loss)     
   on investments     
Net realized gain (loss) on investments  (7)  (12) 
Capital gains distributions  -  - 
Total realized gain (loss) on investments     
   and capital gains distributions  (7)  (12) 
Net unrealized appreciation     
   (depreciation) of investments  22  68 
Net realized and unrealized gain (loss)     
   on investments  15  56 
Net increase (decrease) in net assets     
   resulting from operations  $ 16  $ 52 

The accompanying notes are an integral part of these financial statements.

59


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    BlackRock  Columbia Small  Fidelity® VIP 
  AIM V.I.  Global  Cap Value  Equity-Income 
  Leisure Fund -  Allocation V.I.  Fund, Variable  Portfolio - 
  Series I Shares  Fund - Class III  Series - Class B  Service Class 2 
Net assets at January 1, 2008  $ 295  $ -  $ 1,339  $ 6,472 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (3)  112  (22)  26 
     Total realized gain (loss) on investments         
           and capital gains distributions  26  (3)  93  (145) 
     Net unrealized appreciation (depreciation)         
           of investments  (137)  (752)  (460)  (3,082) 
Net increase (decrease) in net assets from operations  (114)  (643)  (389)  (3,201) 
Changes from principal transactions:         
     Premiums  2  4,346  -  1,430 
     Death benefits  -  -  (2)  (5) 
     Surrenders and withdrawals  (48)  1,874  (116)  (332) 
     Transfers between Divisions         
           (including fixed account), net  -  193  -  4 
Increase (decrease) in net assets derived from         
     principal transactions  (46)  6,413  (118)  1,097 
Total increase (decrease) in net assets  (160)  5,770  (507)  (2,104) 
Net assets at December 31, 2008  135  5,770  832  4,368 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (1)  (4)  (13)  2 
     Total realized gain (loss) on investments         
           and capital gains distributions  (6)  (261)  (30)  (372) 
     Net unrealized appreciation (depreciation)         
           of investments  47  2,317  224  1,619 
Net increase (decrease) in net assets from operations  40  2,052  181  1,249 
Changes from principal transactions:         
     Premiums  -  2,630  1  349 
     Death benefits  -  (150)  (7)  (51) 
     Surrenders and withdrawals  (1)  (274)  (7)  (188) 
     Transfers between Divisions         
           (including fixed account), net  (1)  4,275  (30)  182 
Increase (decrease) in net assets derived from         
     principal transactions  (2)  6,481  (43)  292 
Total increase (decrease) in net assets  38  8,533  138  1,541 
Net assets at December 31, 2009  $ 173  $ 14,303  $ 970  $ 5,909 

The accompanying notes are an integral part of these financial statements.

60


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  Fidelity® VIP  Franklin Small    ING 
  Contrafund®  Cap Value  ING Balanced  Intermediate 
  Portfolio -  Securities  Portfolio -  Bond Portfolio - 
  Service Class 2  Fund - Class 2  Class S  Class S 
Net assets at January 1, 2008  $ 19,975  $ -  $ 247  $ 8,008 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (226)  (2)  3  583 
     Total realized gain (loss) on investments         
           and capital gains distributions  48  10  3  (265) 
     Net unrealized appreciation (depreciation)         
           of investments  (12,838)  (169)  (78)  (2,263) 
Net increase (decrease) in net assets from operations  (13,016)  (161)  (72)  (1,945) 
Changes from principal transactions:         
     Premiums  14,613  668  101  14,263 
     Death benefits  (130)  -  -  (139) 
     Surrenders and withdrawals  (384)  52  (100)  (4,597) 
     Transfers between Divisions         
           (including fixed account), net  63  -  -  68 
Increase (decrease) in net assets derived from         
     principal transactions  14,162  720  1  9,595 
Total increase (decrease) in net assets  1,146  559  (71)  7,650 
Net assets at December 31, 2008  21,121  559  176  15,658 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (255)  1  5  784 
     Total realized gain (loss) on investments         
           and capital gains distributions  (2,466)  (46)  (7)  (540) 
     Net unrealized appreciation (depreciation)         
           of investments  10,058  344  40  1,289 
Net increase (decrease) in net assets from operations  7,337  299  38  1,533 
Changes from principal transactions:         
     Premiums  2,493  442  53  3,704 
     Death benefits  (185)  -  -  (222) 
     Surrenders and withdrawals  (494)  (25)  (8)  (347) 
     Transfers between Divisions         
           (including fixed account), net  (1,929)  (142)  2  (501) 
Increase (decrease) in net assets derived from         
     principal transactions  (115)  275  47  2,634 
Total increase (decrease) in net assets  7,222  574  85  4,167 
Net assets at December 31, 2009  $ 28,343  $ 1,133  $ 261  $ 19,825 

The accompanying notes are an integral part of these financial statements.

61


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

ING       
  AllianceBernstein  ING American     
  Mid Cap Growth  Funds Asset  ING American  ING American 
  Portfolio - Service  Allocation  Funds Bond  Funds Growth 
  Class  Portfolio  Portfolio  Portfolio 
Net assets at January 1, 2008  $ 3,393  $ -  $ -  $ 42,613 
 
Increase (decrease) in net assets         
Operations:         
   Net investment income (loss)  (67)  (13)  (108)  (641) 
   Total realized gain (loss) on investments         
         and capital gains distributions  316  (7)  (93)  3,074 
   Net unrealized appreciation (depreciation)         
         of investments  (2,139)  (297)  (607)  (27,123) 
Net increase (decrease) in net assets from operations  (1,890)  (317)  (808)  (24,690) 
Changes from principal transactions:         
   Premiums  1,076  2,068  8,264  15,890 
   Death benefits  (3)  -  (35)  (116) 
   Surrenders and withdrawals  33  123  3,139  661 
   Transfers between Divisions         
         (including fixed account), net  11  -  28  138 
Increase (decrease) in net assets derived from         
   principal transactions  1,117  2,191  11,396  16,573 
Total increase (decrease) in net assets  (773)  1,874  10,588  (8,117) 
Net assets at December 31, 2008  2,620  1,874  10,588  34,496 
 
Increase (decrease) in net assets         
Operations:         
   Net investment income (loss)  (42)  (26)  170  (236) 
   Total realized gain (loss) on investments         
         and capital gains distributions  (1,501)  (84)  (245)  3,661 
   Net unrealized appreciation (depreciation)         
         of investments  2,193  1,238  1,654  9,239 
Net increase (decrease) in net assets from operations  650  1,128  1,579  12,664 
Changes from principal transactions:         
   Premiums  220  3,691  3,068  4,184 
   Death benefits  (34)  -  (46)  (403) 
   Surrenders and withdrawals  (31)  (27)  (448)  (893) 
   Transfers between Divisions         
         (including fixed account), net  (3,425)  1,012  2,131  (739) 
Increase (decrease) in net assets derived from         
   principal transactions  (3,270)  4,676  4,705  2,149 
Total increase (decrease) in net assets  (2,620)  5,804  6,284  14,813 
Net assets at December 31, 2009  $ -  $ 7,678  $ 16,872  $ 49,309 
 
 
 
The accompanying notes are an integral part of these financial statements.   

62


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      ING American   
  ING American  ING American  Funds World  ING Artio 
  Funds Growth-  Funds  Allocation  Foreign 
  Income  International  Portfolio -  Portfolio - 
  Portfolio  Portfolio  Service Class  Service Class 
Net assets at January 1, 2008  $ 27,024  $ 25,141  $ -  $ 15,185 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (215)  (102)  -  (354) 
     Total realized gain (loss) on investments         
           and capital gains distributions  945  1,627  -  1,520 
     Net unrealized appreciation (depreciation)         
           of investments  (13,665)  (15,875)  -  (10,053) 
Net increase (decrease) in net assets from operations  (12,935)  (14,350)  -  (8,887) 
Changes from principal transactions:         
     Premiums  9,375  12,314  -  5,212 
     Death benefits  (251)  (213)  -  (29) 
     Surrenders and withdrawals  (1,399)  (2,497)  -  300 
     Transfers between Divisions         
           (including fixed account), net  87  106  -  2 
Increase (decrease) in net assets derived from         
     principal transactions  7,812  9,710  -  5,485 
Total increase (decrease) in net assets  (5,123)  (4,640)  -  (3,402) 
Net assets at December 31, 2008  21,901  20,501  -  11,783 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (25)  271  (9)  113 
     Total realized gain (loss) on investments         
           and capital gains distributions  1,060  2,719  95  (2,278) 
     Net unrealized appreciation (depreciation)         
           of investments  5,410  5,052  123  3,648 
Net increase (decrease) in net assets from operations  6,445  8,042  209  1,483 
Changes from principal transactions:         
     Premiums  3,325  2,786  919  599 
     Death benefits  (375)  (96)  -  (137) 
     Surrenders and withdrawals  (861)  (385)  (11)  (340) 
     Transfers between Divisions         
           (including fixed account), net  (487)  156  39  (1,670) 
Increase (decrease) in net assets derived from         
     principal transactions  1,602  2,461  947  (1,548) 
Total increase (decrease) in net assets  8,047  10,503  1,156  (65) 
Net assets at December 31, 2009  $ 29,948  $ 31,004  $ 1,156  $ 11,718 

The accompanying notes are an integral part of these financial statements.

63


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING BlackRock  ING BlackRock  ING BlackRock  ING Clarion 
  Inflation  Large Cap  Large Cap  Global Real 
  Protected Bond  Growth  Value  Estate 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ 1,193  $ 654  $ 3,556 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  (37)  (10)  (97) 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  145  21  (136) 
     Net unrealized appreciation (depreciation)         
           of investments  -  (1,017)  (246)  (2,224) 
Net increase (decrease) in net assets from operations  -  (909)  (235)  (2,457) 
Changes from principal transactions:         
     Premiums  -  1,205  -  2,500 
     Death benefits  -  -  (2)  (34) 
     Surrenders and withdrawals  -  173  (28)  701 
     Transfers between Divisions         
           (including fixed account), net  -  18  -  31 
Increase (decrease) in net assets derived from         
     principal transactions  -  1,396  (30)  3,198 
Total increase (decrease) in net assets  -  487  (265)  741 
Net assets at December 31, 2008  -  1,680  389  4,297 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  30  (45)  (9)  15 
     Total realized gain (loss) on investments         
           and capital gains distributions  2  (166)  (9)  (1,034) 
     Net unrealized appreciation (depreciation)         
           of investments  175  768  58  2,516 
Net increase (decrease) in net assets from operations  207  557  40  1,497 
Changes from principal transactions:         
     Premiums  1,404  450  -  921 
     Death benefits  -  -  -  (20) 
     Surrenders and withdrawals  (8)  (54)  (13)  (51) 
     Transfers between Divisions         
           (including fixed account), net  5,829  244  18  (614) 
Increase (decrease) in net assets derived from         
     principal transactions  7,225  640  5  236 
Total increase (decrease) in net assets  7,432  1,197  45  1,733 
Net assets at December 31, 2009  $ 7,432  $ 2,877  $ 434  $ 6,030 

The accompanying notes are an integral part of these financial statements.

64


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Clarion  ING Evergreen  ING Evergreen  ING FMRSM 
  Real Estate  Health Sciences  Omega  Diversified Mid 
  Portfolio -  Portfolio -  Portfolio -  Cap Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 6,415  $ 3,819  $ 157  $ 8,840 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (60)  (81)  (4)  (116) 
     Total realized gain (loss) on investments         
           and capital gains distributions  334  215  25  488 
     Net unrealized appreciation (depreciation)         
           of investments  (2,637)  (1,550)  (94)  (4,554) 
Net increase (decrease) in net assets from operations  (2,363)  (1,416)  (73)  (4,182) 
Changes from principal transactions:         
     Premiums  225  1,354  143  2,043 
     Death benefits  (36)  (25)  (12)  (5) 
     Surrenders and withdrawals  (852)  480  (16)  (239) 
     Transfers between Divisions         
           (including fixed account), net  3  42  -  42 
Increase (decrease) in net assets derived from         
     principal transactions  (660)  1,851  115  1,841 
Total increase (decrease) in net assets  (3,023)  435  42  (2,341) 
Net assets at December 31, 2008  3,392  4,254  199  6,499 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  53  (109)  (14)  (121) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (864)  (377)  (48)  (823) 
     Net unrealized appreciation (depreciation)         
           of investments  1,882  1,284  398  2,993 
Net increase (decrease) in net assets from operations  1,071  798  336  2,049 
Changes from principal transactions:         
     Premiums  44  384  426  685 
     Death benefits  (47)  (11)  -  (86) 
     Surrenders and withdrawals  (66)  (66)  (2)  (344) 
     Transfers between Divisions         
           (including fixed account), net  (173)  (379)  752  (628) 
Increase (decrease) in net assets derived from         
     principal transactions  (242)  (72)  1,176  (373) 
Total increase (decrease) in net assets  829  726  1,512  1,676 
Net assets at December 31, 2009  $ 4,221  $ 4,980  $ 1,711  $ 8,175 

The accompanying notes are an integral part of these financial statements.

65


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Franklin 
        Templeton 
    ING Franklin  ING Franklin  Founding 
  ING Focus 5  Income  Mutual Shares  Strategy 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 459  $ 9,530  $ 4,655  $ 5,721 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  2  90  98  (197) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (43)  (89)  (183)  (237) 
     Net unrealized appreciation (depreciation)         
           of investments  (713)  (3,822)  (2,412)  (4,153) 
Net increase (decrease) in net assets from operations  (754)  (3,821)  (2,497)  (4,587) 
Changes from principal transactions:         
     Premiums  1,567  4,209  2,155  8,806 
     Death benefits  (11)  (228)  (36)  (19) 
     Surrenders and withdrawals  14  (649)  459  (118) 
     Transfers between Divisions         
           (including fixed account), net  -  39  48  203 
Increase (decrease) in net assets derived from         
     principal transactions  1,570  3,371  2,626  8,872 
Total increase (decrease) in net assets  816  (450)  129  4,285 
Net assets at December 31, 2008  1,275  9,080  4,784  10,006 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (34)  625  (117)  64 
     Total realized gain (loss) on investments         
           and capital gains distributions  (187)  (561)  (399)  (115) 
     Net unrealized appreciation (depreciation)         
           of investments  477  3,928  1,654  3,062 
Net increase (decrease) in net assets from operations  256  3,992  1,138  3,011 
Changes from principal transactions:         
     Premiums  85  747  376  842 
     Death benefits  -  (76)  (43)  (125) 
     Surrenders and withdrawals  (35)  (556)  (95)  (136) 
     Transfers between Divisions         
           (including fixed account), net  (95)  6,988  (90)  292 
Increase (decrease) in net assets derived from         
     principal transactions  (45)  7,103  148  873 
Total increase (decrease) in net assets  211  11,095  1,286  3,884 
Net assets at December 31, 2009  $ 1,486  $ 20,175  $ 6,070  $ 13,890 

The accompanying notes are an integral part of these financial statements.

66


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING
      ING Index Plus  International 
  ING Global  ING Growth  International  Growth 
  Resources  and Income  Equity  Opportunities 
  Portfolio -  Portfolio II -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 7,494  $ 7,220  $ 2,399  $ 312 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (51)  (111)  100    - 
     Total realized gain (loss) on investments           
           and capital gains distributions  1,755  434  640    75 
     Net unrealized appreciation (depreciation)           
           of investments  (8,073)  (4,177)  (2,057)    (239) 
Net increase (decrease) in net assets from operations  (6,369)  (3,854)  (1,317)    (164) 
Changes from principal transactions:           
     Premiums  5,243  318  862    - 
     Death benefits  (21)  (17)  (13)    - 
     Surrenders and withdrawals  3,217  (766)  (95)    1 
     Transfers between Divisions           
           (including fixed account), net  223  9  15    - 
Increase (decrease) in net assets derived from           
     principal transactions  8,662  (456)  769    1 
Total increase (decrease) in net assets  2,293  (4,310)  (548)    (163) 
Net assets at December 31, 2008  9,787  2,910  1,851    149 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (302)  40  95    5 
     Total realized gain (loss) on investments           
           and capital gains distributions  (1,075)  (3,919)  (1,765)    (144) 
     Net unrealized appreciation (depreciation)           
           of investments  5,220  4,266  1,990    199 
Net increase (decrease) in net assets from operations  3,843  387  320    60 
Changes from principal transactions:           
     Premiums  1,051  1  69    - 
     Death benefits  (54)  (16)  -    - 
     Surrenders and withdrawals  (564)  (19)  (1)    - 
     Transfers between Divisions           
           (including fixed account), net  188  (3,263)  (2,239)    (209) 
Increase (decrease) in net assets derived from           
     principal transactions  621  (3,297)  (2,171)    (209) 
Total increase (decrease) in net assets  4,464  (2,910)  (1,851)    (149) 
Net assets at December 31, 2009  $ 14,251  $ -  $ -  $ - 

The accompanying notes are an integral part of these financial statements.

67


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING JPMorgan  ING JPMorgan  ING JPMorgan 
  ING Janus  Emerging  Small Cap Core  Value 
  Contrarian  Markets Equity  Equity  Opportunities 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 7,496  $ 14,048  $ 6,395  $ 1,739 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (123)  28  (103)  18 
     Total realized gain (loss) on investments         
           and capital gains distributions  766  1,019  302  130 
     Net unrealized appreciation (depreciation)         
           of investments  (6,453)  (10,767)  (2,068)  (891) 
Net increase (decrease) in net assets from operations  (5,810)  (9,720)  (1,869)  (743) 
Changes from principal transactions:         
     Premiums  3,621  6,258  435  214 
     Death benefits  (144)  (40)  (8)  (15) 
     Surrenders and withdrawals  1,639  717  (1,189)  (135) 
     Transfers between Divisions         
           (including fixed account), net  189  13  6  - 
Increase (decrease) in net assets derived from         
     principal transactions  5,305  6,948  (756)  64 
Total increase (decrease) in net assets  (505)  (2,772)  (2,625)  (679) 
Net assets at December 31, 2008  6,991  11,276  3,770  1,060 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (124)  (152)  (70)  48 
     Total realized gain (loss) on investments         
           and capital gains distributions  (1,355)  (664)  (652)  (868) 
     Net unrealized appreciation (depreciation)         
           of investments  3,772  8,267  1,341  883 
Net increase (decrease) in net assets from operations  2,293  7,451  619  63 
Changes from principal transactions:         
     Premiums  573  1,380  187  - 
     Death benefits  (28)  (45)  -  - 
     Surrenders and withdrawals  (128)  (238)  (71)  (13) 
     Transfers between Divisions         
           (including fixed account), net  (925)  (1,549)  (549)  (1,110) 
Increase (decrease) in net assets derived from         
     principal transactions  (508)  (452)  (433)  (1,123) 
Total increase (decrease) in net assets  1,785  6,999  186  (1,060) 
Net assets at December 31, 2009  $ 8,776  $ 18,275  $ 3,956  $ - 

The accompanying notes are an integral part of these financial statements.

68


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING LifeStyle      ING LifeStyle 
  Aggressive  ING LifeStyle  ING LifeStyle  Moderate 
  Growth  Conservative  Growth  Growth 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 27,984  $ -  $ 59,323  $ 60,549 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (160)  -  (382)  (77) 
     Total realized gain (loss) on investments         
           and capital gains distributions  2,372  -  3,389  2,992 
     Net unrealized appreciation (depreciation)         
           of investments  (16,162)  -  (35,712)  (31,906) 
Net increase (decrease) in net assets from operations  (13,950)  -  (32,705)  (28,991) 
Changes from principal transactions:         
     Premiums  6,820  -  34,499  37,176 
     Death benefits  -  -  (594)  (225) 
     Surrenders and withdrawals  (1,520)  -  (1,534)  (1,948) 
     Transfers between Divisions         
           (including fixed account), net  60  -  450  723 
Increase (decrease) in net assets derived from         
     principal transactions  5,360  -  32,821  35,726 
Total increase (decrease) in net assets  (8,590)  -  116  6,735 
Net assets at December 31, 2008  19,394  -  59,439  67,284 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  351  71  1,628  2,457 
     Total realized gain (loss) on investments         
           and capital gains distributions  (10,688)  391  (21,818)  (17,380) 
     Net unrealized appreciation (depreciation)         
           of investments  15,542  -  33,433  29,017 
Net increase (decrease) in net assets from operations  5,205  462  13,243  14,094 
Changes from principal transactions:         
     Premiums  1,710  2,811  6,284  7,303 
     Death benefits  -  -  (793)  (415) 
     Surrenders and withdrawals  (247)  (25)  (700)  (1,166) 
     Transfers between Divisions         
           (including fixed account), net  (26,062)  (3,248)  (77,473)  (87,100) 
Increase (decrease) in net assets derived from         
     principal transactions  (24,599)  (462)  (72,682)  (81,378) 
Total increase (decrease) in net assets  (19,394)  -  (59,439)  (67,284) 
Net assets at December 31, 2009  $ -  $ -  $ -  $ - 

The accompanying notes are an integral part of these financial statements.

69


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Lord 
  ING LifeStyle  ING Limited  ING Liquid  Abbett 
  Moderate  Maturity Bond  Assets  Affiliated 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 28,694  $ 513  $ 25,976  $ 482 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (97)  23  (348)  1 
     Total realized gain (loss) on investments         
           and capital gains distributions  979  (2)  -  28 
     Net unrealized appreciation (depreciation)         
           of investments  (11,587)  (28)  -  (203) 
Net increase (decrease) in net assets from operations  (10,705)  (7)  (348)  (174) 
Changes from principal transactions:         
     Premiums  17,280  -  35,796  2 
     Death benefits  (300)  -  (93)  (10) 
     Surrenders and withdrawals  348  (74)  (9,099)  (43) 
     Transfers between Divisions         
           (including fixed account), net  141  -  30  - 
Increase (decrease) in net assets derived from         
     principal transactions  17,469  (74)  26,634  (51) 
Total increase (decrease) in net assets  6,764  (81)  26,286  (225) 
Net assets at December 31, 2008  35,458  432  52,262  257 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  1,658  14  (1,171)  (4) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (5,366)  (10)  120  (8) 
     Net unrealized appreciation (depreciation)         
           of investments  10,643  17  -  53 
Net increase (decrease) in net assets from operations  6,935  21  (1,051)  41 
Changes from principal transactions:         
     Premiums  5,220  -  20,691  - 
     Death benefits  (647)  -  (335)  - 
     Surrenders and withdrawals  (807)  (88)  (6,237)  (4) 
     Transfers between Divisions         
           (including fixed account), net  (46,159)  9  (19,094)  7 
Increase (decrease) in net assets derived from         
     principal transactions  (42,393)  (79)  (4,975)  3 
Total increase (decrease) in net assets  (35,458)  (58)  (6,026)  44 
Net assets at December 31, 2009  $ -  $ 374  $ 46,236  $ 301 

The accompanying notes are an integral part of these financial statements.

70


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING Marsico     
  ING Marsico  International  ING MFS Total  ING MFS 
  Growth  Opportunities  Return  Utilities 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 8,518  $ 5,453  $ 11,493  $ 7,122 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (108)  (67)  430  136 
     Total realized gain (loss) on investments         
           and capital gains distributions  (745)  790  688  1,216 
     Net unrealized appreciation (depreciation)         
           of investments  (3,117)  (5,217)  (3,914)  (5,193) 
Net increase (decrease) in net assets from operations  (3,970)  (4,494)  (2,796)  (3,841) 
Changes from principal transactions:         
     Premiums  1,589  2,938  2,449  3,984 
     Death benefits  (107)  (98)  (314)  (50) 
     Surrenders and withdrawals  (256)  1,470  (1,703)  (22) 
     Transfers between Divisions         
           (including fixed account), net  -  16  12  - 
Increase (decrease) in net assets derived from         
     principal transactions  1,226  4,326  444  3,912 
Total increase (decrease) in net assets  (2,744)  (168)  (2,352)  71 
Net assets at December 31, 2008  5,774  5,285  9,141  7,193 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (77)  (62)  51  326 
     Total realized gain (loss) on investments         
           and capital gains distributions  (345)  (599)  (463)  (161) 
     Net unrealized appreciation (depreciation)         
           of investments  1,956  2,471  1,921  2,388 
Net increase (decrease) in net assets from operations  1,534  1,810  1,509  2,553 
Changes from principal transactions:         
     Premiums  398  723  936  1,489 
     Death benefits  (82)  (42)  (85)  (74) 
     Surrenders and withdrawals  (189)  (108)  (372)  (241) 
     Transfers between Divisions         
           (including fixed account), net  (401)  (1,008)  557  674 
Increase (decrease) in net assets derived from         
     principal transactions  (274)  (435)  1,036  1,848 
Total increase (decrease) in net assets  1,260  1,375  2,545  4,401 
Net assets at December 31, 2009  $ 7,034  $ 6,660  $ 11,686  $ 11,594 

The accompanying notes are an integral part of these financial statements.

71


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Multi-  ING      
  Manager  Oppenheimer  ING   
  International  Active  Oppenheimer  ING PIMCO 
  Small Cap  Allocation  Main Street  High Yield 
  Portfolio -  Portfolio -  Portfolio® -  Portfolio - 
  Class S  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ -  $ 8,170  $ 6,521 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (1)    -  32  393 
     Total realized gain (loss) on investments           
           and capital gains distributions  (1)    -  (53)  (317) 
     Net unrealized appreciation (depreciation)           
           of investments  (70)    -  (3,512)  (1,785) 
Net increase (decrease) in net assets from operations  (72)    -  (3,533)  (1,709) 
Changes from principal transactions:           
     Premiums  159    -  1,431  983 
     Death benefits  -    -  (42)  (43) 
     Surrenders and withdrawals  39    -  (774)  (941) 
     Transfers between Divisions           
           (including fixed account), net  48    -  28  4 
Increase (decrease) in net assets derived from           
     principal transactions  246    -  643  3 
Total increase (decrease) in net assets  174    -  (2,890)  (1,706) 
Net assets at December 31, 2008  174    -  5,280  4,815 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  22    -  (14)  322 
     Total realized gain (loss) on investments           
           and capital gains distributions  (18)    8  (2,930)  (199) 
     Net unrealized appreciation (depreciation)           
           of investments  70    44  3,059  1,950 
Net increase (decrease) in net assets from operations  74    52  115  2,073 
Changes from principal transactions:           
     Premiums  40    217  171  23 
     Death benefits  -    -  (17)  (63) 
     Surrenders and withdrawals  -    -  (132)  (615) 
     Transfers between Divisions           
           (including fixed account), net  (288)    154  (5,417)  (336) 
Increase (decrease) in net assets derived from           
     principal transactions  (248)    371  (5,395)  (991) 
Total increase (decrease) in net assets  (174)    423  (5,280)  1,082 
Net assets at December 31, 2009  $ -  $ 423  $ -  $ 5,897 

The accompanying notes are an integral part of these financial statements.

72


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING PIMCO    ING Pioneer  ING Retirement 
  Total Return  ING Pioneer  Mid Cap Value  Conservative 
  Bond Portfolio -  Fund Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Adviser Class 
Net assets at January 1, 2008  $ 9,568  $ 270  $ 5,563  $ - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  212  3  (22)  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  423  6  242  - 
     Net unrealized appreciation (depreciation)         
           of investments  (227)  (124)  (3,273)  - 
Net increase (decrease) in net assets from operations  408  (115)  (3,053)  - 
Changes from principal transactions:         
     Premiums  18,190  45  1,637  - 
     Death benefits  (73)  -  (28)  - 
     Surrenders and withdrawals  4,140  (10)  2,130  - 
     Transfers between Divisions         
           (including fixed account), net  29  15  13  - 
Increase (decrease) in net assets derived from         
     principal transactions  22,286  50  3,752  - 
Total increase (decrease) in net assets  22,694  (65)  699  - 
Net assets at December 31, 2008  32,262  205  6,262  - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  706  (2)  (68)  (20) 
     Total realized gain (loss) on investments         
           and capital gains distributions  1,798  (38)  (452)  - 
     Net unrealized appreciation (depreciation)         
           of investments  2,557  82  2,029  56 
Net increase (decrease) in net assets from operations  5,061  42  1,509  36 
Changes from principal transactions:         
     Premiums  10,370  33  896  333 
     Death benefits  (114)  (6)  (70)  - 
     Surrenders and withdrawals  (1,610)  (11)  (88)  (13) 
     Transfers between Divisions         
           (including fixed account), net  6,838  (16)  342  4,955 
Increase (decrease) in net assets derived from         
     principal transactions  15,484  -  1,080  5,275 
Total increase (decrease) in net assets  20,545  42  2,589  5,311 
Net assets at December 31, 2009  $ 52,807  $ 247  $ 8,851  $ 5,311 

The accompanying notes are an integral part of these financial statements.

73


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING Retirement    ING T. Rowe 
  ING Retirement  Moderate  ING Retirement  Price Capital 
  Growth  Growth  Moderate  Appreciation 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Adviser Class  Adviser Class  Adviser Class  Service Class 
Net assets at January 1, 2008  $ -  $ -  $ -  $ 18,486 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  -  -  507 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  -  -  1,351 
     Net unrealized appreciation (depreciation)         
           of investments  -  -  -  (9,342) 
Net increase (decrease) in net assets from operations  -  -  -  (7,484) 
Changes from principal transactions:         
     Premiums  -  -  -  8,209 
     Death benefits  -  -  -  (51) 
     Surrenders and withdrawals  -  -  -  797 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  4 
Increase (decrease) in net assets derived from         
     principal transactions  -  -  -  8,959 
Total increase (decrease) in net assets  -  -  -  1,475 
Net assets at December 31, 2008  -  -  -  19,961 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (479)  (379)  (208)  (93) 
     Total realized gain (loss) on investments         
           and capital gains distributions  1  15  3  (875) 
     Net unrealized appreciation (depreciation)         
           of investments  2,027  1,440  676  7,483 
Net increase (decrease) in net assets from operations  1,549  1,076  471  6,515 
Changes from principal transactions:         
     Premiums  979  513  639  2,283 
     Death benefits  (139)  (42)  (6)  (290) 
     Surrenders and withdrawals  (381)  (397)  (232)  (533) 
     Transfers between Divisions         
           (including fixed account), net  102,700  84,880  47,924  807 
Increase (decrease) in net assets derived from         
     principal transactions  103,159  84,954  48,325  2,267 
Total increase (decrease) in net assets  104,708  86,030  48,796  8,782 
Net assets at December 31, 2009  $ 104,708  $ 86,030  $ 48,796  $ 28,743 

The accompanying notes are an integral part of these financial statements.

74


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING T. Rowe    ING Van  ING Van 
  Price Equity  ING Templeton  Kampen  Kampen Global 
  Income  Global Growth   Capital Growth  Franchise 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 10,340  $ 8,903  $ 383  $ 5,000 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  187  (87)  (12)  (12) 
     Total realized gain (loss) on investments         
           and capital gains distributions  516  117  12  (164) 
     Net unrealized appreciation (depreciation)         
           of investments  (4,876)  (3,559)  (489)  (1,463) 
Net increase (decrease) in net assets from operations  (4,173)  (3,529)  (489)  (1,639) 
Changes from principal transactions:         
     Premiums  3,086  1,016  156  1,131 
     Death benefits  (35)  (62)  -  (19) 
     Surrenders and withdrawals  (2,029)  (1,396)  485  (1,371) 
     Transfers between Divisions         
           (including fixed account), net  25  11  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  1,047  (431)  641  (259) 
Total increase (decrease) in net assets  (3,126)  (3,960)  152  (1,898) 
Net assets at December 31, 2008  7,214  4,943  535  3,102 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (36)  (7)  (4)  163 
     Total realized gain (loss) on investments         
           and capital gains distributions  (1,527)  (799)  (292)  (413) 
     Net unrealized appreciation (depreciation)         
           of investments  3,177  1,996  425  1,155 
Net increase (decrease) in net assets from operations  1,614  1,190  129  905 
Changes from principal transactions:         
     Premiums  999  233  34  621 
     Death benefits  (3)  (76)  -  (23) 
     Surrenders and withdrawals  (144)  (162)  (14)  (123) 
     Transfers between Divisions         
           (including fixed account), net  (547)  (586)  (684)  353 
Increase (decrease) in net assets derived from         
     principal transactions  305  (591)  (664)  828 
Total increase (decrease) in net assets  1,919  599  (535)  1,733 
Net assets at December 31, 2009  $ 9,133  $ 5,542  $ -  $ 4,835 

The accompanying notes are an integral part of these financial statements.

75


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Van  ING Van     
  Kampen Global  Kampen  ING Wells  ING American 
  Tactical Asset  Growth and  Fargo Small  Century Large 
  Allocation  Income  Cap Disciplined   Company Value 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ 2,583  $ 359  $ - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  49  (3)  31 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  227  27  93 
     Net unrealized appreciation (depreciation)         
           of investments  -  (1,156)  (142)  (211) 
Net increase (decrease) in net assets from operations  -  (880)  (118)  (87) 
Changes from principal transactions:         
     Premiums  -  385  -  297 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  -  (214)  (30)  2 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  -  171  (30)  299 
Total increase (decrease) in net assets  -  (709)  (148)  212 
Net assets at December 31, 2008  -  1,874  211  212 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (50)  (16)  (4)  2 
     Total realized gain (loss) on investments         
           and capital gains distributions  592  (209)  (15)  (210) 
     Net unrealized appreciation (depreciation)         
           of investments  246  647  92  211 
Net increase (decrease) in net assets from operations  788  422  73  3 
Changes from principal transactions:         
     Premiums  262  268  111  35 
     Death benefits  -  (83)  -  - 
     Surrenders and withdrawals  (139)  (151)  (1)  - 
     Transfers between Divisions         
           (including fixed account), net  344  212  68  (250) 
Increase (decrease) in net assets derived from         
     principal transactions  467  246  178  (215) 
Total increase (decrease) in net assets  1,255  668  251  (212) 
Net assets at December 31, 2009  $ 1,255  $ 2,542  $ 462  $ - 

The accompanying notes are an integral part of these financial statements.

76


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING American  ING Baron  ING Columbia   
  Century Small-  Small Cap  Small Cap  ING Davis New 
  Mid Cap Value  Growth  Value  York Venture 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ 6,905  $ 2,404  $ 6,334 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (1)  (147)  (64)  (108) 
     Total realized gain (loss) on investments         
           and capital gains distributions  20  195  16  49 
     Net unrealized appreciation (depreciation)         
           of investments  (56)  (3,662)  (1,255)  (3,593) 
Net increase (decrease) in net assets from operations  (37)  (3,614)  (1,303)  (3,652) 
Changes from principal transactions:         
     Premiums  198  2,954  1,548  3,623 
     Death benefits  -  (5)  (3)  (44) 
     Surrenders and withdrawals  -  (342)  190  1,523 
     Transfers between Divisions         
           (including fixed account), net  -  101  -  159 
Increase (decrease) in net assets derived from         
     principal transactions  198  2,708  1,735  5,261 
Total increase (decrease) in net assets  161  (906)  432  1,609 
Net assets at December 31, 2008  161  5,999  2,836  7,943 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  1  (184)  (41)  (139) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (5)  (276)  (178)  (1,519) 
     Net unrealized appreciation (depreciation)         
           of investments  111  2,805  969  3,467 
Net increase (decrease) in net assets from operations  107  2,345  750  1,809 
Changes from principal transactions:         
     Premiums  123  1,355  296  728 
     Death benefits  -  (46)  (7)  (42) 
     Surrenders and withdrawals  (1)  (83)  (45)  (108) 
     Transfers between Divisions         
           (including fixed account), net  156  515  (137)  (905) 
Increase (decrease) in net assets derived from         
     principal transactions  278  1,741  107  (327) 
Total increase (decrease) in net assets  385  4,086  857  1,482 
Net assets at December 31, 2009  $ 546  $ 10,085  $ 3,693  $ 9,425 

The accompanying notes are an integral part of these financial statements.

77


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING Legg       
    Mason Partners  ING Neuberger  ING
  ING JPMorgan  Aggressive  Berman  Oppenheimer 
  Mid Cap Value  Growth  Partners  Global 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Initial Class 
Net assets at January 1, 2008  $ 827  $ 1,800  $ 923  $ 267 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  12  (37)  (13)    2 
     Total realized gain (loss) on investments           
           and capital gains distributions  85  (4)  (11)    17 
     Net unrealized appreciation (depreciation)           
           of investments  (583)  (753)  (402)    (127) 
Net increase (decrease) in net assets from operations  (486)  (794)  (426)    (108) 
Changes from principal transactions:           
     Premiums  694  251  -    - 
     Death benefits  -  (7)  -    - 
     Surrenders and withdrawals  132  (98)  (111)    (8) 
     Transfers between Divisions           
           (including fixed account), net  127  -  -    - 
Increase (decrease) in net assets derived from           
     principal transactions  953  146  (111)    (8) 
Total increase (decrease) in net assets  467  (648)  (537)    (116) 
Net assets at December 31, 2008  1,294  1,152  386    151 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (6)  (29)  8    (1) 
     Total realized gain (loss) on investments           
           and capital gains distributions  (28)  (79)  (331)    (12) 
     Net unrealized appreciation (depreciation)           
           of investments  536  418  377    66 
Net increase (decrease) in net assets from operations  502  310  54    53 
Changes from principal transactions:           
     Premiums  436  1  5    (5) 
     Death benefits  (16)  (6)  (25)    - 
     Surrenders and withdrawals  (25)  (7)  (3)    (48) 
     Transfers between Divisions           
           (including fixed account), net  558  (217)  (417)    14 
Increase (decrease) in net assets derived from           
     principal transactions  953  (229)  (440)    (39) 
Total increase (decrease) in net assets  1,455  81  (386)    14 
Net assets at December 31, 2009  $ 2,749  $ 1,233  $ -  $ 165 

The accompanying notes are an integral part of these financial statements.

78


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING     
  ING  Oppenheimer     
  Oppenheimer  Strategic  ING PIMCO   
  Global  Income  Total Return  ING Solution 
  Portfolio -  Portfolio -  Portfolio -  2015 Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ 10,070  $ -  $ -  $ - 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  3    1  2  - 
     Total realized gain (loss) on investments           
           and capital gains distributions  676    -  1  - 
     Net unrealized appreciation (depreciation)           
           of investments  (5,403)    (15)  (3)  (2) 
Net increase (decrease) in net assets from operations  (4,724)    (14)  -  (2) 
Changes from principal transactions:           
     Premiums  2,430    102  103  28 
     Death benefits  (29)    -  -  - 
     Surrenders and withdrawals  (1,004)    -  8  - 
     Transfers between Divisions           
           (including fixed account), net  130    -  -  - 
Increase (decrease) in net assets derived from           
     principal transactions  1,527    102  111  28 
Total increase (decrease) in net assets  (3,197)    88  111  26 
Net assets at December 31, 2008  6,873    88  111  26 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (22)    2  4  4 
     Total realized gain (loss) on investments           
           and capital gains distributions  (383)    -  7  - 
     Net unrealized appreciation (depreciation)           
           of investments  2,768    16  12  24 
Net increase (decrease) in net assets from operations  2,363    18  23  28 
Changes from principal transactions:           
     Premiums  321    -  98  125 
     Death benefits  (68)    -  -  - 
     Surrenders and withdrawals  (327)    -  (3)  - 
     Transfers between Divisions           
           (including fixed account), net  (669)    5  3  - 
Increase (decrease) in net assets derived from           
     principal transactions  (743)    5  98  125 
Total increase (decrease) in net assets  1,620    23  121  153 
Net assets at December 31, 2009  $ 8,493  $ 111  $ 232  $ 179 

The accompanying notes are an integral part of these financial statements.

79


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING Solution 
  ING Solution  ING Solution  ING Solution  Income 
  2025 Portfolio -  2035 Portfolio -  2045 Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ -  $ -  $ - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  4  -  -  1 
     Total realized gain (loss) on investments         
           and capital gains distributions  19  3  1  1 
     Net unrealized appreciation (depreciation)         
           of investments  (227)  (43)  (9)  (8) 
Net increase (decrease) in net assets from operations  (204)  (40)  (8)  (6) 
Changes from principal transactions:         
     Premiums  975  117  22  57 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  -  -  -  - 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  975  117  22  57 
Total increase (decrease) in net assets  771  77  14  51 
Net assets at December 31, 2008  771  77  14  51 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  17  -  -  3 
     Total realized gain (loss) on investments         
           and capital gains distributions  (8)  (1)  -  (6) 
     Net unrealized appreciation (depreciation)         
           of investments  202  20  4  18 
Net increase (decrease) in net assets from operations  211  19  4  15 
Changes from principal transactions:         
     Premiums  215  19  -  64 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  (6)  -  -  (42) 
     Transfers between Divisions         
           (including fixed account), net  -  -  (1)  - 
Increase (decrease) in net assets derived from         
     principal transactions  209  19  (1)  22 
Total increase (decrease) in net assets  420  38  3  37 
Net assets at December 31, 2009  $ 1,191  $ 115  $ 17  $ 88 

The accompanying notes are an integral part of these financial statements.

80


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

ING T. Rowe       
  Price  ING T. Rowe     
  Diversified Mid  Price Growth  ING Templeton  ING Thornburg 
  Cap Growth  Equity  Foreign Equity  Value 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Initial Class 
Net assets at January 1, 2008  $ -  $ 201  $ 3,853  $ 3 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (4)  (4)  27  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  60  25  (430)  - 
     Net unrealized appreciation (depreciation)         
           of investments  (273)  (532)  (3,838)  (1) 
Net increase (decrease) in net assets from operations  (217)  (511)  (4,241)  (1) 
Changes from principal transactions:         
     Premiums  598  1,222  1,697  - 
     Death benefits  -  -  (117)  - 
     Surrenders and withdrawals  12  160  4,837  (1) 
     Transfers between Divisions         
           (including fixed account), net  -  12  32  - 
Increase (decrease) in net assets derived from         
     principal transactions  610  1,394  6,449  (1) 
Total increase (decrease) in net assets  393  883  2,208  (2) 
Net assets at December 31, 2008  393  1,084  6,061  1 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (11)  (42)  (153)  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  (37)  (103)  (498)  - 
     Net unrealized appreciation (depreciation)         
           of investments  364  837  2,419  1 
Net increase (decrease) in net assets from operations  316  692  1,768  1 
Changes from principal transactions:         
     Premiums  374  592  409  - 
     Death benefits  -  -  (52)  - 
     Surrenders and withdrawals  (24)  (37)  (322)  - 
     Transfers between Divisions         
           (including fixed account), net  189  1,150  435  - 
Increase (decrease) in net assets derived from         
     principal transactions  539  1,705  470  - 
Total increase (decrease) in net assets  855  2,397  2,238  1 
Net assets at December 31, 2009  $ 1,248  $ 3,481  $ 8,299  $ 2 

The accompanying notes are an integral part of these financial statements.

81


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING UBS U.S.  ING Van  ING Van 
  ING Thornburg  Large Cap  Kampen  Kampen Equity 
  Value  Equity  Comstock  and Income 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Service Class  Service Class  Service Class  Service Class 
Net assets at January 1, 2008  $ -  $ 657  $ 5,040  $ 1,047 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  -  77  82 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  1  115  12 
     Net unrealized appreciation (depreciation)         
           of investments  (17)  (336)  (2,200)  (692) 
Net increase (decrease) in net assets from operations  (17)  (335)  (2,008)  (598) 
Changes from principal transactions:         
     Premiums  89  196  540  1,600 
     Death benefits  -  -  (9)  (25) 
     Surrenders and withdrawals  -  (8)  (223)  63 
     Transfers between Divisions         
           (including fixed account), net  -  -  25  - 
Increase (decrease) in net assets derived from         
     principal transactions  89  188  333  1,638 
Total increase (decrease) in net assets  72  (147)  (1,675)  1,040 
Net assets at December 31, 2008  72  510  3,365  2,087 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (2)  (4)  8  (7) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (1)  (18)  (241)  (61) 
     Net unrealized appreciation (depreciation)         
           of investments  50  158  1,159  550 
Net increase (decrease) in net assets from operations  47  136  926  482 
Changes from principal transactions:         
     Premiums  91  11  190  327 
     Death benefits  -  (23)  (15)  (64) 
     Surrenders and withdrawals  (24)  (7)  (157)  (92) 
     Transfers between Divisions         
           (including fixed account), net  (1)  (42)  840  231 
Increase (decrease) in net assets derived from         
     principal transactions  66  (61)  858  402 
Total increase (decrease) in net assets  113  75  1,784  884 
Net assets at December 31, 2009  $ 185  $ 585  $ 5,149  $ 2,971 

The accompanying notes are an integral part of these financial statements.

82


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Strategic  ING Strategic  ING Strategic   
  Allocation Allocation  Allocation  ING Growth 
  Conservative  Growth  Moderate  and Income 
  Portfolio - Portfolio -  Portfolio -  Portfolio - 
  Class S Class S  Class S Class I 
Net assets at January 1, 2008  $ -  $ -  $ -  $ 2,002 
 
Increase (decrease) in net assets             
Operations:             
     Net investment income (loss)    -  -    -  (1) 
     Total realized gain (loss) on investments             
           and capital gains distributions    -  2    2  (40) 
     Net unrealized appreciation (depreciation)             
           of investments    -  (24)    (10)  (693) 
Net increase (decrease) in net assets from operations    -  (22)    (8)  (734) 
Changes from principal transactions:             
     Premiums    -  95    31  2 
     Death benefits    -  -    -  - 
     Surrenders and withdrawals    -  1    -  (161) 
     Transfers between Divisions             
           (including fixed account), net    -  -    -  - 
Increase (decrease) in net assets derived from             
     principal transactions    -  96    31  (159) 
Total increase (decrease) in net assets    -  74    23  (893) 
Net assets at December 31, 2008    -  74    23  1,109 
 
Increase (decrease) in net assets             
Operations:             
     Net investment income (loss)    -  8    2  1 
     Total realized gain (loss) on investments             
           and capital gains distributions    -  4    1  (79) 
     Net unrealized appreciation (depreciation)             
           of investments    -  12    2  367 
Net increase (decrease) in net assets from operations    -  24    5  289 
Changes from principal transactions:             
     Premiums    -  29    1  1 
     Death benefits    -  -    -  (19) 
     Surrenders and withdrawals    -  -    -  (121) 
     Transfers between Divisions             
           (including fixed account), net    -  (2)    -  (2) 
Increase (decrease) in net assets derived from             
     principal transactions    -  27    1  (141) 
Total increase (decrease) in net assets    -  51    6  148 
Net assets at December 31, 2009  $ -  $ 125  $ 29  $ 1,257 

The accompanying notes are an integral part of these financial statements.

83


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

 ING Growth      
  and Income  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Class S  Series 3  Series 4  Series 5 
Net assets at January 1, 2008  $ 5  $ 2,707  $ 3,016  $ 3,685 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  10  (3)  23  (17) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (22)  125  342  550 
     Net unrealized appreciation (depreciation)         
           of investments  (278)  (268)  (594)  (868) 
Net increase (decrease) in net assets from operations  (290)  (146)  (229)  (335) 
Changes from principal transactions:         
     Premiums  181  (1)  -  - 
     Death benefits  (9)  -  (9)  - 
     Surrenders and withdrawals  868  (244)  (154)  (280) 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  1,040  (245)  (163)  (280) 
Total increase (decrease) in net assets  750  (391)  (392)  (615) 
Net assets at December 31, 2008  755  2,316  2,624  3,070 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (1)  37  73  14 
     Total realized gain (loss) on investments         
           and capital gains distributions  (92)  (165)  (550)  (202) 
     Net unrealized appreciation (depreciation)         
           of investments  566  109  448  139 
Net increase (decrease) in net assets from operations  473  (19)  (29)  (49) 
Changes from principal transactions:         
     Premiums  77  -  -  - 
     Death benefits  (152)  -  -  - 
     Surrenders and withdrawals  (60)  (60)  (203)  (567) 
     Transfers between Divisions         
           (including fixed account), net  3,123  (2,237)  (2,392)  1 
Increase (decrease) in net assets derived from         
     principal transactions  2,988  (2,297)  (2,595)  (566) 
Total increase (decrease) in net assets  3,461  (2,316)  (2,624)  (615) 
Net assets at December 31, 2009  $ 4,216  $ -  $ -  $ 2,455 

The accompanying notes are an integral part of these financial statements.

84


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Series 6  Series 7  Series 8  Series 9 
Net assets at January 1, 2008  $ 1,596  $ 3,187  $ 647  $ 252 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (8)  (3)  (6)  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  226  508  53  48 
     Net unrealized appreciation (depreciation)         
           of investments  (350)  (726)  (112)  (67) 
Net increase (decrease) in net assets from operations  (132)  (221)  (65)  (19) 
Changes from principal transactions:         
     Premiums  (1)  -  (3)  - 
     Death benefits  -  -  (60)  - 
     Surrenders and withdrawals  (80)  (293)  (139)  - 
     Transfers between Divisions         
           (including fixed account), net  1  -  -  1 
Increase (decrease) in net assets derived from         
     principal transactions  (80)  (293)  (202)  1 
Total increase (decrease) in net assets  (212)  (514)  (267)  (18) 
Net assets at December 31, 2008  1,384  2,673  380  234 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (4)  2  -  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  (65)  (75)  (2)  (2) 
     Net unrealized appreciation (depreciation)         
           of investments  54  38  1  - 
Net increase (decrease) in net assets from operations  (15)  (35)  (1)  (2) 
Changes from principal transactions:         
     Premiums  (1)  -  -  - 
     Death benefits  (134)  -  -  - 
     Surrenders and withdrawals  (86)  (192)  -  (2) 
     Transfers between Divisions         
           (including fixed account), net  1  (19)  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  (220)  (211)  -  (2) 
Total increase (decrease) in net assets  (235)  (246)  (1)  (4) 
Net assets at December 31, 2009  $ 1,149  $ 2,427  $ 379  $ 230 

The accompanying notes are an integral part of these financial statements.

85


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING GET U.S.  ING GET U.S.  ING GET U.S.  ING GET U.S. 
  Core Portfolio -  Core Portfolio -  Core Portfolio -  Core Portfolio - 
  Series 10  Series 11  Series 12  Series 13 
Net assets at January 1, 2008  $ 995  $ 258  $ 62  $ 740 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  6  1  -  (7) 
     Total realized gain (loss) on investments         
           and capital gains distributions  167  45  13  35 
     Net unrealized appreciation (depreciation)         
           of investments  (230)  (50)  (18)  (20) 
Net increase (decrease) in net assets from operations  (57)  (4)  (5)  8 
Changes from principal transactions:         
     Premiums  -  -  -  (1) 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  (15)  (4)  (1)  (36) 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  (15)  (4)  (1)  (37) 
Total increase (decrease) in net assets  (72)  (8)  (6)  (29) 
Net assets at December 31, 2008  923  250  56  711 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (13)  4  1  8 
     Total realized gain (loss) on investments         
           and capital gains distributions  (177)  (6)  (1)  (5) 
     Net unrealized appreciation (depreciation)         
           of investments  153  (6)  (2)  (34) 
Net increase (decrease) in net assets from operations  (37)  (8)  (2)  (31) 
Changes from principal transactions:         
     Premiums  -  -  -  - 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  (698)  (12)  -  (13) 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  (35) 
Increase (decrease) in net assets derived from         
     principal transactions  (698)  (12)  -  (48) 
Total increase (decrease) in net assets  (735)  (20)  (2)  (79) 
Net assets at December 31, 2009  $ 188  $ 230  $ 54  $ 632 

The accompanying notes are an integral part of these financial statements.

86


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING BlackRock       
    Science and  ING Dow Jones     
    Technology  Euro STOXX  ING Global 
  ING GET U.S.  Opportunities  50 Index  Equity Option 
  Core Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Series 14  Class S  Class A  Class S 
Net assets at January 1, 2008  $ 10,461  $ -  $ -  $ - 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (48)  (32)  -    - 
     Total realized gain (loss) on investments           
           and capital gains distributions  67  (26)  -    - 
     Net unrealized appreciation (depreciation)           
           of investments  25  (898)  -    - 
Net increase (decrease) in net assets from operations  44  (956)  -    - 
Changes from principal transactions:           
     Premiums  (1)  910  -    - 
     Death benefits  (44)  (4)  -    - 
     Surrenders and withdrawals  (752)  2,016  -    - 
     Transfers between Divisions           
           (including fixed account), net  (44)  16  -    - 
Increase (decrease) in net assets derived from           
     principal transactions  (841)  2,938  -    - 
Total increase (decrease) in net assets  (797)  1,982  -    - 
Net assets at December 31, 2008  9,664  1,982  -    - 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  152  (76)  -    - 
     Total realized gain (loss) on investments           
           and capital gains distributions  (11)  (96)  -    2 
     Net unrealized appreciation (depreciation)           
           of investments  (459)  1,459  -    - 
Net increase (decrease) in net assets from operations  (318)  1,287  -    2 
Changes from principal transactions:           
     Premiums  -  561  13    10 
     Death benefits  -  (4)  -    - 
     Surrenders and withdrawals  (434)  (65)  -    (1) 
     Transfers between Divisions           
           (including fixed account), net  3  844  40    (11) 
Increase (decrease) in net assets derived from           
     principal transactions  (431)  1,336  53    (2) 
Total increase (decrease) in net assets  (749)  2,623  53    - 
Net assets at December 31, 2009  $ 8,915  $ 4,605  $ 53  $ - 

The accompanying notes are an integral part of these financial statements.

87


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Hang Seng  ING Index Plus  ING Index Plus  ING Index Plus 
  Index  LargeCap  MidCap  SmallCap 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S 
Net assets at January 1, 2008  $ -  $ 5,607  $ 7,246  $ 6,353 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  (16)  (81)  (99) 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  315  664  143 
     Net unrealized appreciation (depreciation)         
           of investments  -  (2,384)  (3,610)  (2,390) 
Net increase (decrease) in net assets from operations  -  (2,085)  (3,027)  (2,346) 
Changes from principal transactions:         
     Premiums  -  658  1,176  951 
     Death benefits  -  (85)  (83)  (80) 
     Surrenders and withdrawals  -  (833)  (373)  (500) 
     Transfers between Divisions         
           (including fixed account), net  -  13  2  5 
Increase (decrease) in net assets derived from         
     principal transactions  -  (247)  722  376 
Total increase (decrease) in net assets  -  (2,332)  (2,305)  (1,970) 
Net assets at December 31, 2008  -  3,275  4,941  4,383 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (7)  16  (57)  (45) 
     Total realized gain (loss) on investments         
           and capital gains distributions  12  (163)  (403)  (318) 
     Net unrealized appreciation (depreciation)         
           of investments  85  782  1,844  1,265 
Net increase (decrease) in net assets from operations  90  635  1,384  902 
Changes from principal transactions:         
     Premiums  79  79  274  99 
     Death benefits  -  (6)  (12)  (39) 
     Surrenders and withdrawals  (1)  (89)  (205)  (151) 
     Transfers between Divisions         
           (including fixed account), net  1,495  (209)  (227)  (95) 
Increase (decrease) in net assets derived from         
     principal transactions  1,573  (225)  (170)  (186) 
Total increase (decrease) in net assets  1,663  410  1,214  716 
Net assets at December 31, 2009  $ 1,663  $ 3,685  $ 6,155  $ 5,099 

The accompanying notes are an integral part of these financial statements.

88


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

        ING    
  ING      Opportunistic  ING
  International  ING Japan  Large Cap  Opportunistic 
  Index  Equity Index  Growth  Large Cap 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class A Class S Class S 
Net assets at January 1, 2008  $ -  $ -  $ -  $ 155 
 
Increase (decrease) in net assets               
Operations:               
     Net investment income (loss)  7    -    -    - 
     Total realized gain (loss) on investments               
           and capital gains distributions  (18)    -    -    20 
     Net unrealized appreciation (depreciation)               
           of investments  (177)    -    (10)    (83) 
Net increase (decrease) in net assets from operations  (188)    -    (10)    (63) 
Changes from principal transactions:               
     Premiums  513    -    30    20 
     Death benefits  -    -    -    - 
     Surrenders and withdrawals  52    -    -    2 
     Transfers between Divisions               
           (including fixed account), net  203    -    -    - 
Increase (decrease) in net assets derived from               
     principal transactions  768    -    30    22 
Total increase (decrease) in net assets  580    -    20    (41) 
Net assets at December 31, 2008  580    -    20    114 
 
Increase (decrease) in net assets               
Operations:               
     Net investment income (loss)  (37)    -    -    1 
     Total realized gain (loss) on investments               
           and capital gains distributions  (62)    (1)    (6)    (12) 
     Net unrealized appreciation (depreciation)               
           of investments  510    -    10    27 
Net increase (decrease) in net assets from operations  411    (1)    4    16 
Changes from principal transactions:               
     Premiums  459    -    2    - 
     Death benefits  (17)    -    -    (1) 
     Surrenders and withdrawals  (10)    -    -    - 
     Transfers between Divisions               
           (including fixed account), net  2,415    1    (26)    12 
Increase (decrease) in net assets derived from               
     principal transactions  2,847    1    (24)    11 
Total increase (decrease) in net assets  3,258    -    (20)    27 
Net assets at December 31, 2009  $ 3,838  $ -  $ -  $ 141 

The accompanying notes are an integral part of these financial statements.

89


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Russell™  ING Russell™  ING Russell™  ING Russell™ 
  Global Large  Large Cap  Large Cap  Large Cap 
  Cap Index 75%  Growth Index  Index  Value Index 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S 
Net assets at January 1, 2008  $ -  $ -  $ -  $ - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  -  -  - 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  -  (9)  - 
     Net unrealized appreciation (depreciation)         
           of investments  -  -  (213)  - 
Net increase (decrease) in net assets from operations  -  -  (222)  - 
Changes from principal transactions:         
     Premiums  -  -  749  - 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  -  -  37  - 
     Transfers between Divisions         
           (including fixed account), net  -  -  10  - 
Increase (decrease) in net assets derived from         
     principal transactions  -  -  796  - 
Total increase (decrease) in net assets  -  -  574  - 
Net assets at December 31, 2008  -  -  574  - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  5  (10)  (73)  (16) 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  23  (146)  42 
     Net unrealized appreciation (depreciation)         
           of investments  19  148  1,247  194 
Net increase (decrease) in net assets from operations  24  161  1,028  220 
Changes from principal transactions:         
     Premiums  322  192  979  142 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  -  (13)  (72)  (53) 
     Transfers between Divisions         
           (including fixed account), net  40  788  4,432  1,122 
Increase (decrease) in net assets derived from         
     principal transactions  362  967  5,339  1,211 
Total increase (decrease) in net assets  386  1,128  6,367  1,431 
Net assets at December 31, 2009  $ 386  $ 1,128  $ 6,941  $ 1,431 

The accompanying notes are an integral part of these financial statements.

90


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  ING Russell™    ING Russell™   
  Mid Cap  ING Russell™  Small Cap  ING Small 
  Growth Index  Mid Cap Index  Index  Company 
  Portfolio -  Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S 
Net assets at January 1, 2008  $ -  $ -  $ -  $ - 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  -  2  (1)  (9) 
     Total realized gain (loss) on investments         
           and capital gains distributions  -  (4)  (4)  (6) 
     Net unrealized appreciation (depreciation)         
           of investments  -  (194)  (295)  (332) 
Net increase (decrease) in net assets from operations  -  (196)  (300)  (347) 
Changes from principal transactions:         
     Premiums  -  579  664  1,236 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  -  120  467  280 
     Transfers between Divisions         
           (including fixed account), net  -  4  3  - 
Increase (decrease) in net assets derived from         
     principal transactions  -  703  1,134  1,516 
Total increase (decrease) in net assets  -  507  834  1,169 
Net assets at December 31, 2008  -  507  834  1,169 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (34)  (25)  (28)  (27) 
     Total realized gain (loss) on investments         
           and capital gains distributions  25  (97)  (127)  (113) 
     Net unrealized appreciation (depreciation)         
           of investments  426  596  473  653 
Net increase (decrease) in net assets from operations  417  474  318  513 
Changes from principal transactions:         
     Premiums  117  376  451  741 
     Death benefits  (5)  (5)  (6)  (12) 
     Surrenders and withdrawals  (37)  (3)  (28)  (63) 
     Transfers between Divisions         
           (including fixed account), net  3,251  505  339  753 
Increase (decrease) in net assets derived from         
     principal transactions  3,326  873  756  1,419 
Total increase (decrease) in net assets  3,743  1,347  1,074  1,932 
Net assets at December 31, 2009  $ 3,743  $ 1,854  $ 1,908  $ 3,101 

The accompanying notes are an integral part of these financial statements.

91


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

    ING     
    WisdomTreeSM  ING   
  ING U.S. Bond  Global High-  International  ING MidCap 
  Index  Yielding Equity  Value  Opportunities 
  Portfolio -  Index Portfolio -  Portfolio -  Portfolio - 
  Class S  Class S  Class S  Class S 
Net assets at January 1, 2008  $ -  $ -  $ -  $ 56 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  14  51  7  (38) 
     Total realized gain (loss) on investments         
           and capital gains distributions  6  (104)  63  5 
     Net unrealized appreciation (depreciation)         
           of investments  45  (1,567)  (355)  (1,283) 
Net increase (decrease) in net assets from operations  65  (1,620)  (285)  (1,316) 
Changes from principal transactions:         
     Premiums  1,052  3,764  911  1,150 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  1,219  1,456  11  3,171 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  2,271  5,220  922  4,321 
Total increase (decrease) in net assets  2,336  3,600  637  3,005 
Net assets at December 31, 2008  2,336  3,600  637  3,061 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (6)  (125)  (3)  (64) 
     Total realized gain (loss) on investments         
           and capital gains distributions  79  (1,822)  (64)  (293) 
     Net unrealized appreciation (depreciation)         
           of investments  95  2,857  266  1,523 
Net increase (decrease) in net assets from operations  168  910  199  1,166 
Changes from principal transactions:         
     Premiums  1,529  424  173  400 
     Death benefits  (2)  (136)  -  (44) 
     Surrenders and withdrawals  (48)  (164)  (1)  (201) 
     Transfers between Divisions         
           (including fixed account), net  1,560  1,627  (4)  (339) 
Increase (decrease) in net assets derived from         
     principal transactions  3,039  1,751  168  (184) 
Total increase (decrease) in net assets  3,207  2,661  367  982 
Net assets at December 31, 2009  $ 5,543  $ 6,261  $ 1,004  $ 4,043 

The accompanying notes are an integral part of these financial statements.

92


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      Legg Mason   
      Global Currents   
    Legg Mason  Variable   
  ING SmallCap  ClearBridge  International  Legg Mason 
  Opportunities  Variable  All Cap  Variable 
  Portfolio -  Investors  Opportunity  Lifestyle 
  Class S  Portfolio  Portfolio  Allocation 50% 
Net assets at January 1, 2008  $ 633  $ 603  $ 199  $ 1,982 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (13)  (1)  1  34 
     Total realized gain (loss) on investments         
           and capital gains distributions  96  (19)  (50)  44 
     Net unrealized appreciation (depreciation)         
           of investments  (390)  (159)  (39)  (586) 
Net increase (decrease) in net assets from operations  (307)  (179)  (88)  (508) 
Changes from principal transactions:         
     Premiums  403  -  -  2 
     Death benefits  (9)  -  -  - 
     Surrenders and withdrawals  (89)  (146)  (11)  (226) 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  305  (146)  (11)  (224) 
Total increase (decrease) in net assets  (2)  (325)  (99)  (732) 
Net assets at December 31, 2008  631  278  100  1,250 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  (14)  1  -  39 
     Total realized gain (loss) on investments         
           and capital gains distributions  (89)  (21)  (29)  (82) 
     Net unrealized appreciation (depreciation)         
           of investments  259  78  55  379 
Net increase (decrease) in net assets from operations  156  58  26  336 
Changes from principal transactions:         
     Premiums  37  -  -  2 
     Death benefits  (4)  (8)  (6)  (241) 
     Surrenders and withdrawals  (2)  (20)  (2)  (95) 
     Transfers between Divisions         
           (including fixed account), net  (97)  1  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  (66)  (27)  (8)  (334) 
Total increase (decrease) in net assets  90  31  18  2 
Net assets at December 31, 2009  $ 721  $ 309  $ 118  $ 1,252 

The accompanying notes are an integral part of these financial statements.

93


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      Legg Mason  Legg Mason 
  Legg Mason  Legg Mason  Western Asset  Western Asset 
  Variable  Variable  Variable High   Variable Money 
  Lifestyle  Lifestyle  Income  Market 
  Allocation 70%   Allocation 85%  Portfolio  Portfolio 
Net assets at January 1, 2008  $ 856  $ 399  $ 176  $ 146 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  5  -  16  1 
     Total realized gain (loss) on investments         
           and capital gains distributions  (53)  (17)  (3)  - 
     Net unrealized appreciation (depreciation)         
           of investments  (208)  (133)  (65)  - 
Net increase (decrease) in net assets from operations  (256)  (150)  (52)  1 
Changes from principal transactions:         
     Premiums  1  -  -  - 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  (139)  (25)  (8)  (42) 
     Transfers between Divisions         
           (including fixed account), net  -  -  -  - 
Increase (decrease) in net assets derived from         
     principal transactions  (138)  (25)  (8)  (42) 
Total increase (decrease) in net assets  (394)  (175)  (60)  (41) 
Net assets at December 31, 2008  462  224  116  105 
 
Increase (decrease) in net assets         
Operations:         
     Net investment income (loss)  9  1  16  (1) 
     Total realized gain (loss) on investments         
           and capital gains distributions  (38)  (19)  (1)  - 
     Net unrealized appreciation (depreciation)         
           of investments  146  81  52  - 
Net increase (decrease) in net assets from operations  117  63  67  (1) 
Changes from principal transactions:         
     Premiums  -  -  -  - 
     Death benefits  -  -  -  - 
     Surrenders and withdrawals  (22)  (25)  -  (14) 
     Transfers between Divisions         
           (including fixed account), net  (36)  (1)  -  2 
Increase (decrease) in net assets derived from         
     principal transactions  (58)  (26)  -  (12) 
Total increase (decrease) in net assets  59  37  67  (13) 
Net assets at December 31, 2009  $ 521  $ 261  $ 183  $ 92 

The accompanying notes are an integral part of these financial statements.

94


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

  Oppenheimer  PIMCO Real     
  Main Street  Return  Pioneer Equity  Pioneer Small 
  Small Cap  Portfolio -  Income VCT  Cap Value VCT 
  Fund®/VA -  Administrative  Portfolio -  Portfolio - 
  Service Class  Class Class II  Class II 
Net assets at January 1, 2008  $ 47  $ -  $ 47  $ 163 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (1)    1  10  (2) 
     Total realized gain (loss) on investments           
           and capital gains distributions  4    -  20  - 
     Net unrealized appreciation (depreciation)           
           of investments  (39)    (16)  (332)  (58) 
Net increase (decrease) in net assets from operations  (36)    (15)  (302)  (60) 
Changes from principal transactions:           
     Premiums  62    157  1,424  - 
     Death benefits  -    -  -  - 
     Surrenders and withdrawals  -    -  110  (19) 
     Transfers between Divisions           
           (including fixed account), net  -    -  -  - 
Increase (decrease) in net assets derived from           
     principal transactions  62    157  1,534  (19) 
Total increase (decrease) in net assets  26    142  1,232  (79) 
Net assets at December 31, 2008  73    142  1,279  84 
 
Increase (decrease) in net assets           
Operations:           
     Net investment income (loss)  (1)    2  21  - 
     Total realized gain (loss) on investments           
           and capital gains distributions  (4)    7  (216)  (104) 
     Net unrealized appreciation (depreciation)           
           of investments  32    16  396  100 
Net increase (decrease) in net assets from operations  27    25  201  (4) 
Changes from principal transactions:           
     Premiums  6    25  434  - 
     Death benefits  -    -  (22)  - 
     Surrenders and withdrawals  (8)    (3)  (3)  - 
     Transfers between Divisions           
           (including fixed account), net  -    (2)  (363)  (80) 
Increase (decrease) in net assets derived from           
     principal transactions  (2)    20  46  (80) 
Total increase (decrease) in net assets  25    45  247  (84) 
Net assets at December 31, 2009  $ 98  $ 187  $ 1,526  $ - 

The accompanying notes are an integral part of these financial statements.

95


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B
Statements of Operations
For the year ended December 31, 2009
(Dollars in thousands)

      ProFund VP 
  ProFund VP  ProFund VP  Rising Rates 
  Bull  Europe 30  Opportunity 
Net assets at January 1, 2008  $ 108  $ 137  $ 413 
 
Increase (decrease) in net assets       
Operations:       
     Net investment income (loss)  (2)  -  9 
     Total realized gain (loss) on investments       
           and capital gains distributions  1  14  (12) 
     Net unrealized appreciation (depreciation)       
           of investments  (38)  (69)  (113) 
Net increase (decrease) in net assets from operations  (39)  (55)  (116) 
Changes from principal transactions:       
     Premiums  -  -  - 
     Death benefits  -  -  - 
     Surrenders and withdrawals  (12)  (20)  (116) 
     Transfers between Divisions       
           (including fixed account), net  -  -  - 
Increase (decrease) in net assets derived from       
     principal transactions  (12)  (20)  (116) 
Total increase (decrease) in net assets  (51)  (75)  (232) 
Net assets at December 31, 2008  57  62  181 
 
Increase (decrease) in net assets       
Operations:       
     Net investment income (loss)  (1)  1  (4) 
     Total realized gain (loss) on investments       
           and capital gains distributions  (5)  (7)  (12) 
     Net unrealized appreciation (depreciation)       
           of investments  17  22  68 
Net increase (decrease) in net assets from operations  11  16  52 
Changes from principal transactions:       
     Premiums  -  -  - 
     Death benefits  -  -  (4) 
     Surrenders and withdrawals  (1)  (6)  (2) 
     Transfers between Divisions       
           (including fixed account), net  (9)  (3)  (11) 
Increase (decrease) in net assets derived from       
     principal transactions  (10)  (9)  (17) 
Total increase (decrease) in net assets  1  7  35 
Net assets at December 31, 2009  $ 58  $ 69  $ 216 

The accompanying notes are an integral part of these financial statements.

96


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

1.  Organization 
 
  ReliaStar Life Insurance Company of New York Separate Account NY-B (the “Account”) 
  was established by First Golden American Life Insurance Company of New York (“First 
  Golden”) to support the operations of variable annuity contracts (“Contracts”). The 
  Account became a separate account of ReliaStar Life Insurance Company of New York 
  (“RLNY” or the “Company”) as a result of the merger of First Golden into RLNY 
  effective April 1, 2002. RLNY is an indirect, wholly owned subsidiary of ING America 
  Insurance Holdings, Inc. (“ING AIH”), an insurance holding company domiciled in the 
  State of Delaware. ING AIH is an indirect wholly owned subsidiary of ING Groep, N.V. 
  (“ING”), a global financial services holding company based in The Netherlands. 
 
  As part of a restructuring plan approved by the European Commission (“EC”), ING has 
  agreed to separate its banking and insurance businesses by 2013. ING intends to achieve 
  this separation over the next four years by divestment of its insurance and investment 
  management operations, including the Account. ING has announced that it will explore 
  all options for implementing the separation including initial public offerings, sales, or 
  combinations thereof. 
 
  Operations of the Account commenced on May 19, 1997. The Account is registered as a 
  unit investment trust with the Securities and Exchange Commission under the Investment 
  Company Act of 1940, as amended. RLNY provides for variable accumulation and 
  benefits under the Contracts by crediting annuity considerations to one or more divisions 
  within the Account or the RLNY fixed separate account, which is not part of the Account, 
  as directed by the contractowners. The portion of the Account’s assets applicable to 
  Contracts will not be charged with liabilities arising out of any other business RLNY may 
  conduct, but obligations of the Account, including the promise to make benefit payments, 
  are obligations of RLNY. The assets and liabilities of the Account are clearly identified 
  and distinguished from the other assets and liabilities of RLNY. 
 
  At December 31, 2009, the Account had, under ING GoldenSelect, ING Empire, ING 
  Simplicity, ING Architect, and ING Rollover Contracts, 126 investment divisions (the 
  “Divisions”), 19 of which invest in independently managed mutual funds and 107 of 
  which invest in mutual fund portfolios managed by an affiliate, either Directed Services 
  LLC (“DSL”) or ING Investments, LLC (“IIL”). The assets in each Division are invested 
  in shares of a designated Fund (“Fund”) of various investment trusts (the “Trusts”). 

97


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Investment Divisions at December 31, 2009 and related Trusts are as follows: 
 
AIM Variable Insurance Funds:  ING Investors Trust (continued): 
   AIM V.I. Leisure Fund - Series I Shares     ING Marsico Growth Portfolio - Service Class 
BlackRock Variable Series Funds, Inc.:     ING Marsico International Opportunities Portfolio - 
   BlackRock Global Allocation V.I. Fund - Class III*           Service Class 
Columbia Funds Variable Insurance Trust:     ING MFS Total Return Portfolio - Service Class 
   Columbia Small Cap Value Fund, Variable Series -     ING MFS Utilities Portfolio - Service Class 
         Class B     ING Oppenheimer Active Allocation Portfolio - 
Fidelity® Variable Insurance Products:           Service Class** 
   Fidelity® VIP Equity-Income Portfolio - Service     ING PIMCO High Yield Portfolio - Service Class 
         Class 2     ING PIMCO Total Return Bond Portfolio - Service 
Fidelity® Variable Insurance Products II:           Class 
   Fidelity® VIP Contrafund® Portfolio - Service     ING Pioneer Fund Portfolio - Service Class 
         Class 2     ING Pioneer Mid Cap Value Portfolio - Service Class 
Franklin Templeton Variable Insurance Products Trust:     ING Retirement Conservative Portfolio - Adviser 
   Franklin Small Cap Value Securities Fund - Class 2*           Class** 
ING Balanced Portfolio, Inc.:     ING Retirement Growth Portfolio - Adviser Class** 
   ING Balanced Portfolio - Class S     ING Retirement Moderate Growth Portfolio - Adviser 
ING Intermediate Bond Portfolio:           Class** 
   ING Intermediate Bond Portfolio - Class S     ING Retirement Moderate Portfolio - Adviser Class** 
ING Investors Trust:     ING T. Rowe Price Capital Appreciation Portfolio - 
   ING American Funds Asset Allocation Portfolio*           Service Class 
   ING American Funds Bond Portfolio*     ING T. Rowe Price Equity Income Portfolio - Service 
   ING American Funds Growth Portfolio           Class 
   ING American Funds Growth-Income Portfolio     ING Templeton Global Growth Portfolio - Service 
   ING American Funds International Portfolio           Class 
   ING American Funds World Allocation Portfolio -     ING Van Kampen Global Franchise Portfolio - 
         Service Class**           Service Class 
   ING Artio Foreign Portfolio - Service Class     ING Van Kampen Global Tactical Asset Allocation 
   ING BlackRock Inflation Protected Bond Portfolio -           Portfolio - Service Class** 
         Service Class**     ING Van Kampen Growth and Income Portfolio - 
   ING BlackRock Large Cap Growth Portfolio - Service           Service Class 
         Class     ING Wells Fargo Small Cap Disciplined Portfolio - 
   ING BlackRock Large Cap Value Portfolio - Service           Service Class 
         Class  ING Partners, Inc.: 
   ING Clarion Global Real Estate Portfolio - Service     ING American Century Small-Mid Cap Value 
         Class           Portfolio - Service Class* 
   ING Clarion Real Estate Portfolio - Service Class     ING Baron Small Cap Growth Portfolio - Service 
   ING Evergreen Health Sciences Portfolio - Service           Class 
         Class     ING Columbia Small Cap Value Portfolio - Service 
   ING Evergreen Omega Portfolio - Service Class           Class 
   ING FMRSM Diversified Mid Cap Portfolio - Service     ING Davis New York Venture Portfolio - Service 
         Class           Class 
   ING Focus 5 Portfolio - Service Class     ING JPMorgan Mid Cap Value Portfolio - Service 
   ING Franklin Income Portfolio - Service Class           Class 
   ING Franklin Mutual Shares Portfolio - Service Class     ING Legg Mason Partners Aggressive Growth 
   ING Franklin Templeton Founding Strategy           Portfolio - Service Class 
         Portfolio - Service Class     ING Oppenheimer Global Portfolio - Initial Class 
   ING Global Resources Portfolio - Service Class     ING Oppenheimer Global Portfolio - Service Class 
   ING Janus Contrarian Portfolio - Service Class     ING Oppenheimer Strategic Income Portfolio - 
   ING JPMorgan Emerging Markets Equity Portfolio -           Service Class* 
         Service Class     ING PIMCO Total Return Portfolio - Service Class* 
   ING JPMorgan Small Cap Core Equity Portfolio -     ING Solution 2015 Portfolio - Service Class* 
         Service Class     ING Solution 2025 Portfolio - Service Class* 
   ING Limited Maturity Bond Portfolio - Service Class     ING Solution 2035 Portfolio - Service Class* 
   ING Liquid Assets Portfolio - Service Class     ING Solution 2045 Portfolio - Service Class* 
   ING Lord Abbett Affiliated Portfolio - Service Class     ING Solution Income Portfolio - Service Class* 

98


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

ING Partners, Inc. (continued):  ING Variable Portfolios, Inc. (continued): 
   ING T. Rowe Price Diversified Mid Cap Growth    ING RussellTM Large Cap Growth Index Portfolio - 
         Portfolio - Service Class*       Class S** 
   ING T. Rowe Price Growth Equity Portfolio - Service    ING RussellTM Large Cap Index Portfolio - Class S* 
         Class    ING RussellTM Large Cap Value Index Portfolio - 
   ING Templeton Foreign Equity Portfolio - Service       Class S** 
         Class    ING RussellTM Mid Cap Growth Index Portfolio - 
   ING Thornburg Value Portfolio - Initial Class       Class S** 
   ING Thornburg Value Portfolio - Service Class*    ING RussellTM Mid Cap Index Portfolio - Class S* 
   ING UBS U.S. Large Cap Equity Portfolio - Service    ING RussellTM Small Cap Index Portfolio - Class S* 
         Class    ING Small Company Portfolio - Class S* 
   ING Van Kampen Comstock Portfolio - Service Class    ING U.S. Bond Index Portfolio - Class S* 
   ING Van Kampen Equity and Income Portfolio -    ING WisdomTreeSM Global High-Yielding Equity 
         Service Class       Index Portfolio - Class S* 
ING Strategic Allocation Portfolios, Inc.:  ING Variable Products Trust: 
   ING Strategic Allocation Conservative Portfolio -    ING International Value Portfolio - Class S* 
         Class S**    ING MidCap Opportunities Portfolio - Class S 
   ING Strategic Allocation Growth Portfolio - Class S*    ING SmallCap Opportunities Portfolio - Class S 
   ING Strategic Allocation Moderate Portfolio -  Legg Mason Partners Variable Equity Trust: 
         Class S*    Legg Mason ClearBridge Variable Investors 
ING Variable Funds:       Portfolio 
   ING Growth and Income Portfolio - Class I    Legg Mason Global Currents Variable International 
   ING Growth and Income Portfolio - Class S       All Cap Opportunity Portfolio 
ING Variable Insurance Trust:    Legg Mason Variable Lifestyle Allocation 50% 
   ING GET U.S. Core Portfolio - Series 5    Legg Mason Variable Lifestyle Allocation 70% 
   ING GET U.S. Core Portfolio - Series 6    Legg Mason Variable Lifestyle Allocation 85% 
   ING GET U.S. Core Portfolio - Series 7  Legg Mason Partners Variable Income Trust: 
   ING GET U.S. Core Portfolio - Series 8    Legg Mason Western Asset Variable High Income 
   ING GET U.S. Core Portfolio - Series 9       Portfolio 
   ING GET U.S. Core Portfolio - Series 10    Legg Mason Western Asset Variable Money Market 
   ING GET U.S. Core Portfolio - Series 11       Portfolio 
   ING GET U.S. Core Portfolio - Series 12  Oppenheimer Variable Account Funds: 
   ING GET U.S. Core Portfolio - Series 13    Oppenheimer Main Street Small Cap Fund®/VA - 
   ING GET U.S. Core Portfolio - Series 14       Service Class 
ING Variable Portfolios, Inc.:  PIMCO Variable Insurance Trust: 
   ING BlackRock Science and Technology     PIMCO Real Return Portfolio - Administrative Class* 
         Opportunities Portfolio - Class S*  Pioneer Variable Contracts Trust: 
   ING Dow Jones Euro STOXX 50 Index Portfolio -    Pioneer Equity Income VCT Portfolio - Class II 
         Class A**  ProFunds: 
   ING Hang Seng Index Portfolio - Class S**    ProFund VP Bull 
   ING Index Plus LargeCap Portfolio - Class S    ProFund VP Europe 30 
   ING Index Plus MidCap Portfolio - Class S    ProFund VP Rising Rates Opportunity 
   ING Index Plus SmallCap Portfolio - Class S     
   ING International Index Portfolio - Class S*     
   ING Opportunistic Large Cap Portfolio - Class S  *     Division was added in 2008 
   ING RussellTM Global Large Cap Index 75%  **     Division was added in 2009 
         Portfolio - Class S**     

99


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

The names of certain Divisions and Trusts were changed during 2009. The following is a 
summary of current and former names for those Divisions and Trusts: 
 
Current Name  Former Name 
ING Balanced Portfolio, Inc.:  ING VP Balanced Portfolio, Inc.: 
     ING Balanced Portfolio - Class S       ING VP Balanced Portfolio - Class S 
ING Intermediate Bond Portfolio:  ING VP Intermediate Bond Portfolio: 
     ING Intermediate Bond Portfolio - Class S       ING VP Intermediate Bond Portfolio - Class S 
ING Investors Trust:  ING Investors Trust: 
     ING Artio Foreign Portfolio - Service Class       ING Julius Baer Foreign Portfolio - Service Class 
     ING Clarion Global Real Estate Portfolio - Service       ING Global Real Estate Portfolio - Service Class 
           Class   
     ING Clarion Real Estate Portfolio - Service Class       ING Van Kampen Real Estate Portfolio - Service Class 
     ING Growth and Income Portfolio II - Service Class       ING Legg Mason Value Portfolio - Service Class 
     ING Index Plus International Equity Portfolio -       ING VP Index Plus International Equity Portfolio - 
           Service Class           Service Class 
     ING PIMCO Total Return Bond Portfolio - Service       ING PIMCO Core Bond Portfolio - Service Class 
           Class   
ING Partners, Inc.:  ING Partners, Inc.: 
     ING Columbia Small Cap Value Portfolio - Service       ING Columbia Small Cap Value II Portfolio - Service 
           Class           Class 
ING Strategic Allocation Portfolios, Inc.:  ING Strategic Allocation Portfolios, Inc.: 
     ING Strategic Allocation Growth Portfolio - Class S       ING VP Strategic Allocation Growth Portfolio - Class S 
     ING Strategic Allocation Moderate Portfolio - Class S       ING VP Strategic Allocation Moderate Portfolio - 
           Class S 
ING Variable Funds:  ING Variable Funds: 
     ING Growth and Income Portfolio - Class I       ING VP Growth and Income Portfolio - Class I 
     ING Growth and Income Portfolio - Class S       ING VP Growth and Income Portfolio - Class S 
ING Variable Portfolios, Inc.:  ING Variable Portfolios, Inc.: 
     ING BlackRock Science and Technology       ING BlackRock Global Science and Technology 
           Opportunities Portfolio - Class S           Portfolio - Class S 
     ING Index Plus LargeCap Portfolio - Class S       ING VP Index Plus LargeCap Portfolio - Class S 
     ING Index Plus MidCap Portfolio - Class S       ING VP Index Plus MidCap Portfolio - Class S 
     ING Index Plus SmallCap Portfolio - Class S       ING VP Index Plus SmallCap Portfolio - Class S 
     ING Opportunistic Large Cap Portfolio - Class S       ING Opportunistic Large Cap Value Portfolio - Class S 
     ING Small Company Portfolio - Class S       ING VP Small Company Portfolio - Class S 
     ING U.S. Bond Index Portfolio - Class S       ING Lehman Brothers U.S. Aggregate Bond Index® 
           Portfolio - Class S 
ING Variable Products Trust:  ING Variable Products Trust: 
     ING International Value Portfolio - Class S       ING VP International Value Portfolio - Class S 
     ING MidCap Opportunities Portfolio - Class S       ING VP MidCap Opportunities Portfolio - Class S 
     ING SmallCap Opportunities Portfolio - Class S       ING VP SmallCap Opportunities Portfolio - Class S 
Legg Mason Partners Variable Equity Trust:  Legg Mason Partners Variable Equity Trust: 
     Legg Mason ClearBridge Variable Investors Portfolio       Legg Mason Partners Variable Investors Portfolio 
     Legg Mason Global Currents Variable International       Legg Mason Partners Variable International All Cap 
           All Cap Opportunity Portfolio           Opportunity Portfolio 
     Legg Mason Variable Lifestyle Allocation 50%       Legg Mason Partners Variable Lifestyle Allocation 50% 
     Legg Mason Variable Lifestyle Allocation 70%       Legg Mason Partners Variable Lifestyle Allocation 70% 
     Legg Mason Variable Lifestyle Allocation 85%       Legg Mason Partners Variable Lifestyle Allocation 85% 
Legg Mason Partners Variable Income Trust:  Legg Mason Partners Variable Income Trust: 
     Legg Mason Western Asset Variable High Income       Legg Mason Partners Variable High Income Portfolio 
           Portfolio   
     Legg Mason Western Asset Variable Money Market       Legg Mason Partners Variable Money Market Portfolio 
           Portfolio   

100


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

During 2009, the following Divisions were closed to contractowners: 
 
ING Investors Trust: 
   ING AllianceBernstein Mid Cap Growth Portfolio - Service Class 
   ING Growth and Income Portfolio II - Service Class 
   ING Index Plus International Equity Portfolio - Service Class 
   ING International Growth Opportunities Portfolio - Service Class 
   ING JPMorgan Value Opportunities Portfolio - Service Class 
   ING LifeStyle Aggressive Growth Portfolio - Service Class 
   ING LifeStyle Conservative Portfolio - Service Class 
   ING LifeStyle Growth Portfolio - Service Class 
   ING LifeStyle Moderate Growth Portfolio - Service Class 
   ING LifeStyle Moderate Portfolio - Service Class 
   ING Multi-Manager International Small Cap Portfolio - Class S 
   ING Oppenheimer Main Street Portfolio® - Service Class 
   ING Van Kampen Capital Growth Portfolio - Service Class 
ING Partners, Inc.: 
   ING American Century Large Company Value Portfolio - Service Class 
   ING Neuberger Berman Partners Portfolio - Service Class 
NG Variable Insurance Trust: 
   ING GET U.S. Core Portfolio - Series 3 
   ING GET U.S. Core Portfolio - Series 4 
ING Variable Portfolios, Inc.: 
   ING Global Equity Option Portfolio - Class S 
   ING Opportunistic Large Cap Growth Portfolio - Class S 
Pioneer Variable Contracts Trust: 
   Pioneer Small Cap Value VCT Portfolio - Class II 
 
 
The following Division was available to contractowners during 2009, but had no net 
assets as of December 31, 2009: 
 
ING Variable Portfolios, Inc.: 
   ING Japan Equity Index Portfolio - Class A 
 
 
The following Division was available to contractowners during 2009, but did not have 
any activity as of December 31, 2009: 
 
ING Variable Portfolios, Inc.: 
   ING FTSE 100 Index Portfolio - Class A 

2.  Significant Accounting Policies 
 
  The following is a summary of the significant accounting policies of the Account: 
 
  Use of Estimates 
 
  The preparation of financial statements in conformity with accounting principles 
  generally accepted in the United States requires management to make estimates and 
  assumptions that affect the amounts reported in the financial statements and 
  accompanying notes. Actual results could differ from reported results using those 
  estimates. 

101


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

  Investments

Investments are made in shares of a Portfolio and are recorded at fair value, determined
by the net asset value per share of the respective Portfolio. Investment transactions in
each Portfolio are recorded on the trade date. Distributions of net investment income and
capital gains from each Portfolio are recognized on the ex-distribution date. Realized
gains and losses on redemptions of the shares of the Portfolio are determined on a first-in,
first-out basis. The difference between cost and current market value of investments
owned on the day of measurement is recorded as unrealized appreciation or depreciation
of investments.

Federal Income Taxes

Operations of the Account form a part of, and are taxed with, the total operations of
RLNY, which is taxed as a life insurance company under the Internal Revenue Code.
Earnings and realized capital gains of the Account attributable to the contractowners are
excluded in the determination of the federal income tax liability of RLNY.

Contractowner Reserves

Prior to the annuity date, the Contracts are redeemable for the net cash surrender value of
the Contracts. The annuity reserves of the Account are represented by net assets on the
Statements of Assets and Liabilities and are equal to the contractowners’ aggregate
account values of the contractowners invested in the Account Divisions. To the extent
that benefits to be paid to the contractowners exceed their account values, RLNY will
contribute additional funds to the benefit proceeds. Conversely, if amounts allocated
exceed amounts required, transfers may be made to RLNY.

All Contracts in the Account are currently in the accumulation period.

Changes from Principal Transactions

Included in Changes from Principal Transactions on the Statements of Changes in Net
Assets are items which relate to contractowner activity, including deposits, surrenders and
withdrawals, benefits, and contract charges. Also included are transfers between the
fixed account and the Divisions, transfers between Divisions, and transfers to (from)
RLNY related to gains and losses resulting from actual mortality experience (the full
responsibility for which is assumed by RLNY). Any net unsettled transactions as of the
reporting date are included in Payable to related parties on the Statements of Assets and
Liabilities.

102


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Subsequent Events 
 
The Account has evaluated subsequent events for recognition and disclosure through the 
date the financial statements as of December 31, 2009 and for the years ended 
December 31, 2009 and 2008, were issued. 

3.  Recently Adopted Accounting Standards 
 
  FASB Accounting Standards Codification 
 
  In June 2009, the Financial Accounting Standards Board (“FASB”) issued Accounting 
  Standards Update (“ASU”) 2009-01, “Topic 105 - Generally Accepted Accounting 
  Principles: amendments based on Statement of Financial Accounting Standards (“FAS”) 
  No. 168 - The FASB Accounting Standards CodificationTM and the Hierarchy of Generally 
  Accepted Accounting Principles” (“ASU 2009-01”), which confirms that as of July 1, 
  2009, the “FASB Accounting Standards CodificationTM” (“the Codification” or “ASC”) is 
  the single official source of authoritative, nongovernmental US GAAP. All existing 
  accounting standard documents are superseded, and all other accounting literature not 
  included in the Codification is considered nonauthoritative. 
 
  The Account adopted the Codification as of July 1, 2009. There was no effect on the 
  Account’s net assets and results of operations. The Account has revised its disclosures to 
  incorporate references to the Codification topics. 
 
  Subsequent Events 
 
  In May 2009, the FASB issued new guidance on subsequent events, included in ASC 
  Topic 855, “Subsequent Events,” which establishes: 
 
  §  The period after the balance sheet date during which an entity should evaluate 
    events or transactions for potential recognition or disclosure in the financial 
    statements; 
  §  The circumstances under which an entity should recognize such events or 
    transactions in its financial statements; and 
  §  Disclosures regarding such events or transactions and the date through which an 
    entity has evaluated subsequent events. 
 
  These provisions, as included in ASC Topic 855, were adopted by the Account on 
  June 30, 2009. In addition, in February 2010, the FASB issued ASU 2010-09, 
  “Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure 
  Requirements,” which clarifies that an SEC filer should evaluate subsequent events 
  through the date the financial statements are issued and eliminates the requirement for an 
  SEC filer to disclose that date, effective upon issuance. The Account determined that 
  there was no effect on the Account’s net assets and results of operations upon adoption, 

103


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

as the guidance is consistent with that previously applied by the Account under US 
auditing standards. The disclosure provisions included in ASC Topic 855, as amended, 
are presented in the Significant Accounting Policies footnote. 
 
Determining Fair Value When the Volume and Level of Activity for the Asset or Liability 
Have Significantly Decreased and Identifying Transactions That Are Not Orderly 
 
In April 2009, the FASB issued new guidance on determining fair value when the volume 
and level of activity for the asset or liability have significantly decreased and identifying 
transactions that are not orderly, included in ASC Topic 820, “Fair Value Measurements 
and Disclosures,” which confirms that fair value is the price that would be received to sell 
an asset or paid to transfer a liability in an orderly transaction between market participants 
at the measurement date under current market conditions. In addition, this guidance, as 
included in ASC Topic 820: 
 
§  Clarifies factors for determining whether there has been a significant decrease in 
  market activity for an asset or liability; 
§  Requires an entity to determine whether a transaction is not orderly based on the 
  weight of the evidence; and 
§  Requires an entity to disclose in interim and annual periods the input and valuation 
  technique used to measure fair value and any change in valuation technique. 
 
These provisions, as included in ASC Topic 820, were adopted by the Account on 
April 1, 2009. The Account determined, however, that there was no effect on the 
Account’s net assets and results of operations upon adoption, as its guidance is consistent 
with that previously applied by the Account under US GAAP. 
 
Fair Value Measurements 
 
In September 2006, the FASB issued new guidance on fair value measurements included 
in ASC Topic 820, “Fair Value Measurements and Disclosures,” which provides 
guidance for using fair value to measure assets and liabilities whenever other standards 
require (or permit) assets or liabilities to be measured at fair value. ASC Topic 820 does 
not expand the use of fair value to any new circumstances. 
 
ASC Topic 820 clarifies the principle that fair value should be based on the assumptions 
market participants would use when pricing the asset or liability. In support of this 
principle, ASC Topic 820 establishes a fair value hierarchy that prioritizes the 
information used to develop such assumptions. The fair value hierarchy gives the highest 
priority to quoted prices in active markets and the lowest priority to unobservable data. 
ASC Topic 820 also requires separate disclosure of fair value measurements by level 
within the hierarchy and expanded disclosure of the effect on earnings for items measured 
using unobservable data. 

104


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

The adoption of ASC Topic 820 on January 1, 2008 did not have an impact on the 
Account’s net assets or results of operations. New disclosures are included in the 
Financial Instruments footnote. 

4.  Financial Instruments 
 
  The Account invests assets in shares of open-end mutual funds, which process orders to 
  purchase and redeem shares on a daily basis at the fund's next computed net asset values 
  (“NAV”). The fair value of the Account’s assets is based on the NAVs of mutual funds, 
  which are obtained from the custodian and reflect the fair values of the mutual fund 
  investments. The NAV is calculated daily upon close of the New York Stock Exchange 
  and is based on the fair values of the underlying securities. 
 
  The Account’s financial assets are recorded at fair value on the Statements of Assets and 
  Liabilities and are categorized as Level 1 as of December 31, 2009 and 2008, 
  respectively, based on the priority of the inputs to the valuation technique below. The 
  Account had no financial liabilities as of December 31, 2009. 
 
  The ASC Topic 820 fair value hierarchy gives the highest priority to quoted prices in 
  active markets for identical assets or liabilities (Level 1) and the lowest priority to 
  unobservable inputs (Level 3). If the inputs used to measure fair value fall within 
  different levels of the hierarchy, the category level is based on the lowest priority level 
  input that is significant to the fair value measurement of the instrument. 
 
  §  Level 1 - Unadjusted quoted prices for identical assets or liabilities in an active 
    market. 
  §  Level 2 - Quoted prices in markets that are not active or inputs that are observable 
    either directly or indirectly for substantially the full term of the asset or liability. 
    Level 2 inputs include the following: 
    a)  Quoted prices for similar assets or liabilities in active markets; 
    b)  Quoted prices for identical or similar assets or liabilities in non-active 
      markets; 
    c)  Inputs other than quoted market prices that are observable; and 
    d)  Inputs that are derived principally from or corroborated by observable market 
      data through correlation or other means. 
  §  Level 3 - Prices or valuation techniques that require inputs that are both 
    unobservable and significant to the overall fair value measurement. These 
    valuations, whether derived internally or obtained from a third party, use critical 
    assumptions that are not widely available to estimate market participant 
    expectations in valuing the asset or liability. 

105


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

5.  Charges and Fees 
 
  Under the terms of the Contracts, certain charges are allocated to the Contracts to cover 
  RLNY’s expenses in connection with the issuance and administration of the Contracts. 
  Following is a summary of these charges: 
 
  Mortality and Expense Risk Charges 
 
  RLNY assumes mortality and expense risks related to the operations of the Account and, 
  in accordance with the terms of the Contracts, deducts a daily charge from the assets of 
  the Account. Daily charges are deducted at annual rates of up to 1.85% of the average 
  daily net asset value of each Division of the Account to cover these risks, as specified in 
  the Contracts. 
 
  Asset Based Administrative Charges 
 
  A daily charge to cover administrative expenses of the Account is deducted at an annual 
  rate of 0.15% of assets attributable to the Contracts. 
 
  Contract Maintenance Charges 
 
  An annual Contract maintenance fee of $30 may be deducted from the accumulation 
  value of Contracts to cover ongoing administrative expenses, as specified in the 
  Contracts. 
 
  Contingent Deferred Sales Charges 
 
  A contingent deferred sales charge (“Surrender Charge”) is imposed as a percentage of 
  each premium payment if the Contract is surrendered or an excess partial withdrawal is 
  taken during the seven-year period from the date a premium payment is received, as 
  specified in the Contracts. The following table reflects the Surrender Charge that is 
  assessed based upon the date a premium payment is received. 

Complete             
Years Elapsed  ING  ING  ING  ING     
Since Premium  Golden-  Empire  Empire  Rollover  ING  ING 
Payment  Select  Innovations  Traditions  ChoiceSM  Simplicity  Architect-NY 
0  7%  6%  6%  6%  6%  8% 
1  6%  5%  6%  6%  6%  7% 
2  5%  4%  6%  5%  5%  6% 
3  4%  -  6%  4%  4%  5% 
4  3%  -  5%  3%  3%  4% 
5  2%  -  4%  2%  -  3% 
6  1%  -  3%  1%  -  2% 
7+  -  -  -  -  -  - 

106


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

  Transfer Charges 
 
  A transfer charge of up to $25 may be imposed on each transfer between Divisions in 
  excess of twelve in any one calendar year. 
 
  Premium Taxes 
 
  For certain Contracts, premium taxes are deducted, where applicable, from the 
  accumulation value of each Contract. The amount and timing of the deduction depends 
  on the contractowner’s state of residence and currently ranges up to 4.0% of premiums. 
 
  Other Contract Charges 
 
  For certain Contracts, an additional annual charge of 0.50% is deducted daily from the 
  accumulation value for amounts invested in the ING GET U.S. Core Portfolio Funds. In 
  addition, an annual charge of up to 0.60% is deducted daily from the accumulation value 
  for contractowners who select the Optional Asset-Backed Premium Credit feature. 
 
 
6.  Related Party Transactions 
 
  During the year ended December 31, 2009, management fees were paid indirectly to IIL, 
  an affiliate of the Company, in its capacity as investment adviser to the ING Balanced 
  Portfolio, Inc., ING Intermediate Bond Portfolio, ING Strategic Allocation Portfolios, 
  Inc., ING Variable Funds, ING Variable Insurance Trust, ING Variable Portfolios, Inc., 
  and ING Variable Products Trust. The annual fee rate ranged from 0.08% to 0.95% of 
  the average net assets of each respective Fund of the Trust. 
 
  Management fees were also paid indirectly to DSL, an affiliate of the Company, in its 
  capacity as investment adviser to ING Investors Trust and ING Partners, Inc. The Trusts’ 
  advisory agreement provided for a fee at an annual rate that ranged up to 1.25% of the 
  average net assets of each respective Fund. 

107


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

7.  Purchases and Sales of Investment Securities             
 
  The aggregate cost of purchases and proceeds from sales of investments follow:     
 
      Year ended December 31     
                     2009    2008   
    Purchases    Sales  Purchases    Sales 
      (Dollars in thousands)     
  AIM Variable Insurance Funds:             
       AIM V.I. Leisure Fund - Series I Shares  $ 3  $ 6  $ 49  $ 62 
  BlackRock Variable Series Funds, Inc.:             
       BlackRock Global Allocation V.I. Fund - Class III  8,292    1,814  6,684    130 
  Columbia Funds Variable Insurance Trust:             
       Columbia Small Cap Value Fund, Variable Series - Class B  25    78  156    151 
  Fidelity® Variable Insurance Products:             
       Fidelity® VIP Equity-Income Portfolio - Service Class 2  804    510  1,674    545 
  Fidelity® Variable Insurance Products II:             
       Fidelity® VIP Contrafund® Portfolio - Service Class 2  2,607    2,970  15,971    1,541 
  Franklin Templeton Variable Insurance Products Trust:             
       Franklin Small Cap Value Securities Fund - Class 2  523    201  731    2 
  ING Balanced Portfolio, Inc.:             
       ING Balanced Portfolio - Class S  65    13  126    103 
  ING Intermediate Bond Portfolio:             
       ING Intermediate Bond Portfolio - Class S  6,197    2,779  17,531    6,969 
  ING Investors Trust:             
       ING AllianceBernstein Mid Cap Growth Portfolio - Service Class  351    3,664  2,202    501 
       ING American Funds Asset Allocation Portfolio  4,990    319  2,227    48 
       ING American Funds Bond Portfolio  10,500    5,622  12,245    956 
       ING American Funds Growth Portfolio  10,675    3,494  20,692    1,519 
       ING American Funds Growth-Income Portfolio  5,551    2,082  10,379    1,715 
       ING American Funds International Portfolio  9,666    3,002  13,156    2,001 
       ING American Funds World Allocation Portfolio - Service Class  1,351    412  -    - 
       ING Artio Foreign Portfolio - Service Class  1,292    2,726  8,059    1,262 
       ING BlackRock Inflation Protected Bond Portfolio - Service Class  7,324    68  -    - 
       ING BlackRock Large Cap Growth Portfolio - Service Class  853    258  1,769    183 
       ING BlackRock Large Cap Value Portfolio - Service Class  19    23  33    46 
       ING Clarion Global Real Estate Portfolio - Service Class  1,245    993  3,533    431 
       ING Clarion Real Estate Portfolio - Service Class  384    492  1,362    1,115 
       ING Evergreen Health Sciences Portfolio - Service Class  1,217    1,398  2,979    966 
       ING Evergreen Omega Portfolio - Service Class  1,300    138  174    32 
       ING FMRSM Diversified Mid Cap Portfolio - Service Class  1,241    1,735  3,176    807 
       ING Focus 5 Portfolio - Service Class  208    287  1,782    210 
       ING Franklin Income Portfolio - Service Class  9,166    1,437  5,119    1,575 
       ING Franklin Mutual Shares Portfolio - Service Class  677    646  3,384    653 
       ING Franklin Templeton Founding Strategy Portfolio - Service             
           Class  1,862    758  9,540    862 
       ING Global Resources Portfolio - Service Class  2,462    2,142  11,728    1,164 
       ING Growth and Income Portfolio II - Service Class  98    3,355  1,966    1,316 
       ING Index Plus International Equity Portfolio - Service Class  203    2,280  1,713    152 
       ING International Growth Opportunities Portfolio - Service Class  6    210  80    3 

108


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

    Year ended December 31     
  2009  2008   
  Purchases         Sales  Purchases    Sales 
    (Dollars in thousands)     
ING Investors Trust (continued):           
   ING Janus Contrarian Portfolio - Service Class  $ 594  $ 1,227  $ 7,847  $ 1,448 
   ING JPMorgan Emerging Markets Equity Portfolio - Service Class  2,312  2,916  9,111    1,282 
   ING JPMorgan Small Cap Core Equity Portfolio - Service Class  592  1,022  758    1,130 
   ING JPMorgan Value Opportunities Portfolio - Service Class  65  1,141  502    241 
   ING LifeStyle Aggressive Growth Portfolio - Service Class  3,742  27,641  9,867    2,007 
   ING LifeStyle Conservative Portfolio - Service Class  4,673  4,659  -    - 
   ING LifeStyle Growth Portfolio - Service Class  10,629  80,379  39,609    3,054 
   ING LifeStyle Moderate Growth Portfolio - Service Class  12,509  89,961  43,289    4,075 
   ING LifeStyle Moderate Portfolio - Service Class  10,386  50,577  22,475    3,976 
   ING Limited Maturity Bond Portfolio - Service Class  31  93  33    81 
   ING Liquid Assets Portfolio - Service Class  24,910  30,937  46,446    20,158 
   ING Lord Abbett Affiliated Portfolio - Service Class  7  9  66    62 
   ING Marsico Growth Portfolio - Service Class  725  1,077  2,010    891 
   ING Marsico International Opportunities Portfolio - Service Class  603  1,100  5,730    724 
   ING MFS Total Return Portfolio - Service Class  1,991  905  4,009    2,122 
   ING MFS Utilities Portfolio - Service Class  2,937  764  6,253    1,281 
   ING Multi-Manager International Small Cap Portfolio - Class S  99  327  246    1 
   ING Oppenheimer Active Allocation Portfolio - Service Class  417  45  -    - 
   ING Oppenheimer Main Street Portfolio® - Service Class  174  5,584  1,620    944 
   ING PIMCO High Yield Portfolio - Service Class  528  1,197  1,526    1,127 
   ING PIMCO Total Return Bond Portfolio - Service Class  25,883  8,237  28,165    5,483 
   ING Pioneer Fund Portfolio - Service Class  57  59  105    39 
   ING Pioneer Mid Cap Value Portfolio - Service Class  2,046  1,033  4,853    718 
   ING Retirement Conservative Portfolio - Adviser Class  5,295  41  -    - 
   ING Retirement Growth Portfolio - Adviser Class  103,995  1,304  -    - 
   ING Retirement Moderate Growth Portfolio - Adviser Class  86,128  1,547  -    - 
   ING Retirement Moderate Portfolio - Adviser Class  48,586  466  -    - 
   ING T. Rowe Price Capital Appreciation Portfolio - Service Class  4,245  2,071  13,272    1,837 
   ING T. Rowe Price Equity Income Portfolio - Service Class  2,331  2,063  4,153    2,148 
   ING Templeton Global Growth Portfolio - Service Class  403  1,001  1,195    1,422 
   ING Van Kampen Capital Growth Portfolio - Service Class  83  751  934    282 
   ING Van Kampen Global Franchise Portfolio - Service Class  2,090  987  2,540    2,424 
   ING Van Kampen Global Tactical Asset Allocation Portfolio -           
         Service Class  3,035  2,597  -    - 
   ING Van Kampen Growth and Income Portfolio - Service Class  571  341  832    412 
   ING Wells Fargo Small Cap Disciplined Portfolio - Service Class  205  31  52    43 
ING Partners, Inc.:           
     ING American Century Large Company Value Portfolio - Service           
         Class  40  252  427    3 
     ING American Century Small-Mid Cap Value Portfolio - Service           
         Class  306  28  220    2 
     ING Baron Small Cap Growth Portfolio - Service Class  2,336  780  3,431    638 
     ING Columbia Small Cap Value Portfolio - Service Class  557  491  1,940    239 
     ING Davis New York Venture Portfolio - Service Class  1,200  1,666  5,746    508 
     ING JPMorgan Mid Cap Value Portfolio - Service Class  1,119  138  1,366    288 

109


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

    Year ended December 31     
  2009  2008   
  Purchases  Sales  Purchases    Sales 
    (Dollars in thousands)     
ING Partners, Inc. (continued):           
     ING Legg Mason Partners Aggressive Growth Portfolio - Service           
         Class  $ 9  $ 268  $ 288  $ 180 
     ING Neuberger Berman Partners Portfolio - Service Class  13  445  10    134 
     ING Oppenheimer Global Portfolio - Initial Class  25  61  26    15 
     ING Oppenheimer Global Portfolio - Service Class  562  1,190  3,117    801 
     ING Oppenheimer Strategic Income Portfolio - Service Class  9  2  105    1 
     ING PIMCO Total Return Portfolio - Service Class  117  8  115    1 
     ING Solution 2015 Portfolio - Service Class  132  2  28    - 
     ING Solution 2025 Portfolio - Service Class  249  21  1,005    5 
     ING Solution 2035 Portfolio - Service Class  20  2  121    1 
     ING Solution 2045 Portfolio - Service Class  -  -  22    - 
     ING Solution Income Portfolio - Service Class  68  43  60    - 
     ING T. Rowe Price Diversified Mid Cap Growth Portfolio -           
         Service Class  617  90  669    3 
     ING T. Rowe Price Growth Equity Portfolio - Service Class  1,906  243  1,668    205 
     ING Templeton Foreign Equity Portfolio - Service Class  1,139  823  8,137    1,659 
     ING Thornburg Value Portfolio - Initial Class  -  -  1    2 
     ING Thornburg Value Portfolio - Service Class  102  38  89    - 
     ING UBS U.S. Large Cap Equity Portfolio - Service Class  13  78  214    25 
     ING Van Kampen Comstock Portfolio - Service Class  1,372  506  1,308    621 
     ING Van Kampen Equity and Income Portfolio - Service Class  597  202  2,488    637 
ING Strategic Allocation Portfolios, Inc.:           
     ING Strategic Allocation Conservative Portfolio - Class S  -  -  -    - 
     ING Strategic Allocation Growth Portfolio - Class S  45  3  98    1 
     ING Strategic Allocation Moderate Portfolio - Class S  4  -  33    - 
ING Variable Funds:           
     ING Growth and Income Portfolio - Class I  17  157  23    183 
     ING Growth and Income Portfolio - Class S  3,315  328  1,099    49 
ING Variable Insurance Trust:           
     ING GET U.S. Core Portfolio - Series 3  48  2,309  176    301 
     ING GET U.S. Core Portfolio - Series 4  108  2,631  453    223 
     ING GET U.S. Core Portfolio - Series 5  106  658  645    347 
     ING GET U.S. Core Portfolio - Series 6  28  252  270    120 
     ING GET U.S. Core Portfolio - Series 7  59  268  672    398 
     ING GET U.S. Core Portfolio - Series 8  8  9  127    220 
     ING GET U.S. Core Portfolio - Series 9  5  7  54    5 
     ING GET U.S. Core Portfolio - Series 10  24  735  196    34 
     ING GET U.S. Core Portfolio - Series 11  9  17  52    9 
     ING GET U.S. Core Portfolio - Series 12  2  2  14    2 
     ING GET U.S. Core Portfolio - Series 13  24  64  309    329 
     ING GET U.S. Core Portfolio - Series 14  435  714  234    1,072 
ING Variable Portfolios, Inc.:           
     ING BlackRock Science and Technology Opportunities Portfolio -           
         Class S  1,715  455  3,077    171 
     ING Dow Jones Euro STOXX 50 Index Portfolio - Class A  74  20  -    - 
     ING Global Equity Option Portfolio - Class S  55  53  -    - 
     ING Hang Seng Index Portfolio - Class S  1,667  101  -    - 

110


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

    Year ended December 31     
  2009  2008   
  Purchases  Sales  Purchases    Sales 
    (Dollars in thousands)     
ING Variable Portfolios, Inc. (continued):           
     ING Index Plus LargeCap Portfolio - Class S  $ 205  $ 414  $ 1,122  $ 1,068 
     ING Index Plus MidCap Portfolio - Class S  375  603  2,113    637 
     ING Index Plus SmallCap Portfolio - Class S  215  447  1,386    738 
     ING International Index Portfolio - Class S  2,993  184  822    48 
     ING Japan Equity Index Portfolio - Class A  20  19  -    - 
     ING Opportunistic Large Cap Growth Portfolio - Class S  2  26  31    - 
     ING Opportunistic Large Cap Portfolio - Class S  35  22  48    7 
     ING Russell™ Global Large Cap Index 75% Portfolio - Class S  368  2  -    - 
     ING Russell™ Large Cap Growth Index Portfolio - Class S  1,118  162  -    - 
     ING Russell™ Large Cap Index Portfolio - Class S  5,783  516  861    64 
     ING Russell™ Large Cap Value Index Portfolio - Class S  1,474  280  -    - 
     ING Russell™ Mid Cap Growth Index Portfolio - Class S  3,526  235  -    - 
     ING Russell™ Mid Cap Index Portfolio - Class S  1,071  222  735    31 
     ING Russell™ Small Cap Index Portfolio - Class S  974  245  1,170    37 
     ING Small Company Portfolio - Class S  1,747  356  1,575    49 
     ING U.S. Bond Index Portfolio - Class S  4,173  1,098  2,593    304 
     ING WisdomTreeSM Global High-Yielding Equity Index           
           Portfolio - Class S  3,610  1,984  6,337    1,065 
ING Variable Products Trust:           
     ING International Value Portfolio - Class S  248  83  999    4 
     ING MidCap Opportunities Portfolio - Class S  495  744  4,381    97 
     ING SmallCap Opportunities Portfolio - Class S  101  181  520    131 
Legg Mason Partners Variable Equity Trust:           
     Legg Mason ClearBridge Variable Investors Portfolio  6  32  16    151 
     Legg Mason Global Currents Variable International All Cap           
         Opportunity Portfolio  1  10  7    16 
     Legg Mason Variable Lifestyle Allocation 50%  58  353  114    248 
     Legg Mason Variable Lifestyle Allocation 70%  16  66  17    149 
     Legg Mason Variable Lifestyle Allocation 85%  5  30  11    34 
Legg Mason Partners Variable Income Trust:           
     Legg Mason Western Asset Variable High Income Portfolio  18  2  18    9 
     Legg Mason Western Asset Variable Money Market Portfolio  2  15  14    55 
Oppenheimer Variable Account Funds:           
     Oppenheimer Main Street Small Cap Fund®/VA - Service Class  6  9  66    1 
PIMCO Variable Insurance Trust:           
     PIMCO Real Return Portfolio - Administrative Class  45  16  159    1 
Pioneer Variable Contracts Trust:           
     Pioneer Equity Income VCT Portfolio - Class II  500  433  1,572    5 
     Pioneer Small Cap Value VCT Portfolio - Class II  -  81  23    23 
ProFunds:           
     ProFund VP Bull  1  11  2    14 
     ProFund VP Europe 30  2  10  18    24 
     ProFund VP Rising Rates Opportunity  7  28  24    131 

111


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

8.  Changes in Units             
 
  The net changes in units outstanding follow:             
 
        Year ended December 31     
      2009      2008   
       Units  Units  Net Increase     Units  Units  Net Increase 
     Issued  Redeemed  (Decrease)   Issued  Redeemed  (Decrease) 
  AIM Variable Insurance Funds:             
       AIM V.I. Leisure Fund - Series I Shares  47  367  (320)  2,830  6,649  (3,819) 
  BlackRock Variable Series Funds, Inc.:             
       BlackRock Global Allocation V.I. Fund - Class III  1,095,768  313,375  782,393  743,991  21,143  722,848 
  Columbia Funds Variable Insurance Trust:             
       Columbia Small Cap Value Fund, Variable Series - Class B  4,514  9,334  (4,820)  190,906  203,710  (12,804) 
  Fidelity® Variable Insurance Products:             
       Fidelity® VIP Equity-Income Portfolio - Service Class 2  132,536  72,298  60,238  209,797  75,669  134,128 
  Fidelity® Variable Insurance Products II:             
       Fidelity® VIP Contrafund® Portfolio - Service Class 2  507,095  425,281  81,814  1,591,302  369,905  1,221,397 
  Franklin Templeton Variable Insurance Products Trust:             
       Franklin Small Cap Value Securities Fund - Class 2  77,726  26,899  50,827  90,569  3,998  86,571 
  ING Balanced Portfolio, Inc.:             
       ING Balanced Portfolio - Class S  8,079  1,781  6,298  12,080  11,433  647 
  ING Intermediate Bond Portfolio:             
       ING Intermediate Bond Portfolio - Class S  869,220  615,601  253,619  1,880,237  970,831  909,406 
  ING Investors Trust:             
       ING AllianceBernstein Mid Cap Growth Portfolio - Service Class  63,604  409,955  (346,351)  175,947  57,176  118,771 
       ING American Funds Asset Allocation Portfolio  644,751  27,237  617,514  267,380  6,371  261,009 
       ING American Funds Bond Portfolio  1,503,800  971,714  532,086  1,388,557  190,875  1,197,682 
       ING American Funds Growth Portfolio  967,278  748,472  218,806  1,829,348  436,948  1,392,400 
       ING American Funds Growth-Income Portfolio  601,373  413,227  188,146  1,034,083  340,469  693,614 
       ING American Funds International Portfolio  691,662  489,255  202,407  1,087,513  375,829  711,684 
       ING American Funds World Allocation Portfolio - Service Class  113,884  31,450  82,434  -  -  - 
       ING Artio Foreign Portfolio - Service Class  157,590  327,908  (170,318)  471,520  155,456  316,064 
       ING BlackRock Inflation Protected Bond Portfolio - Service Class  758,100  55,490  702,610  -  -  - 
       ING BlackRock Large Cap Growth Portfolio - Service Class  114,693  40,218  74,475  148,692  23,508  125,184 
       ING BlackRock Large Cap Value Portfolio - Service Class  2,437  2,266  171  786  4,119  (3,333) 

112


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

      Year ended December 31     
    2009      2008   
     Units  Units  Net Increase     Units  Units  Net Increase 
   Issued  Redeemed  (Decrease)   Issued  Redeemed  (Decrease) 
ING Investors Trust (continued):             
     ING Clarion Global Real Estate Portfolio - Service Class  259,703  199,403  60,300  444,275  90,816  353,459 
     ING Clarion Real Estate Portfolio - Service Class  37,551  62,497  (24,946)  42,640  91,356  (48,716) 
     ING Evergreen Health Sciences Portfolio - Service Class  206,325  211,716  (5,391)  272,209  110,737  161,472 
     ING Evergreen Omega Portfolio - Service Class  137,838  25,054  112,784  12,668  2,793  9,875 
     ING FMRSM Diversified Mid Cap Portfolio - Service Class  180,454  236,970  (56,516)  251,509  113,814  137,695 
     ING Focus 5 Portfolio - Service Class  45,846  51,854  (6,008)  219,542  39,474  180,068 
     ING Franklin Income Portfolio - Service Class  1,110,424  261,994  848,430  568,040  247,715  320,325 
     ING Franklin Mutual Shares Portfolio - Service Class  124,047  111,556  12,491  378,936  110,742  268,194 
     ING Franklin Templeton Founding Strategy Portfolio - Service Class  253,228  124,216  129,012  1,213,517  176,582  1,036,935 
     ING Global Resources Portfolio - Service Class  297,999  235,164  62,835  595,096  143,172  451,924 
     ING Growth and Income Portfolio II - Service Class  109,824  719,038  (609,214)  123,223  175,058  (51,835) 
     ING Index Plus International Equity Portfolio - Service Class  17,516  280,776  (263,260)  103,609  18,673  84,936 
     ING International Growth Opportunities Portfolio - Service Class  -  19,605  (19,605)  260  -  260 
     ING Janus Contrarian Portfolio - Service Class  124,129  167,095  (42,966)  516,362  163,924  352,438 
     ING JPMorgan Emerging Markets Equity Portfolio - Service Class  322,231  294,325  27,906  643,601  159,646  483,955 
     ING JPMorgan Small Cap Core Equity Portfolio - Service Class  62,962  127,847  (64,885)  54,119  118,167  (64,048) 
     ING JPMorgan Value Opportunities Portfolio - Service Class  15,168  160,387  (145,219)  30,237  26,995  3,242 
     ING LifeStyle Aggressive Growth Portfolio - Service Class  399,345  2,775,569  (2,376,224)  693,092  272,678  420,414 
     ING LifeStyle Conservative Portfolio - Service Class  401,333  401,333  -  -  -  - 
     ING LifeStyle Growth Portfolio - Service Class  953,050  7,924,961  (6,971,911)  3,317,153  668,503  2,648,650 
     ING LifeStyle Moderate Growth Portfolio - Service Class  1,201,418  8,805,912  (7,604,494)  3,949,059  937,270  3,011,789 
     ING LifeStyle Moderate Portfolio - Service Class  1,098,986  5,004,124  (3,905,138)  2,433,903  797,276  1,636,627 
     ING Limited Maturity Bond Portfolio - Service Class  317  3,924  (3,607)  -  3,341  (3,341) 
     ING Liquid Assets Portfolio - Service Class  4,004,704  4,524,485  (519,781)  6,644,519  4,540,533  2,103,986 
     ING Lord Abbett Affiliated Portfolio - Service Class  851  895  (44)  375  5,483  (5,108) 
     ING Marsico Growth Portfolio - Service Class  165,224  186,621  (21,397)  214,300  115,283  99,017 
     ING Marsico International Opportunities Portfolio - Service Class  138,900  167,896  (28,996)  452,899  111,006  341,893 
     ING MFS Total Return Portfolio - Service Class  248,680  174,956  73,724  243,463  184,586  58,877 

113


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

      Year ended December 31     
    2009      2008   
       Units  Units  Net Increase     Units  Units  Net Increase 
     Issued  Redeemed  (Decrease)   Issued  Redeemed  (Decrease) 
ING Investors Trust (continued):             
     ING MFS Utilities Portfolio - Service Class  300,498  126,476  174,022  482,581  176,256  306,325 
     ING Multi-Manager International Small Cap Portfolio - Class S  14,197  46,840  (32,643)  34,481  1,838  32,643 
     ING Oppenheimer Active Allocation Portfolio - Service Class  34,946  3,347  31,599  -  -  - 
     ING Oppenheimer Main Street Portfolio® - Service Class  32,537  573,396  (540,859)  134,157  83,152  51,005 
     ING PIMCO High Yield Portfolio - Service Class  33,980  122,500  (88,520)  117,013  132,544  (15,531) 
     ING PIMCO Total Return Bond Portfolio - Service Class  2,379,400  1,205,643  1,173,757  2,690,115  812,128  1,877,987 
     ING Pioneer Fund Portfolio - Service Class  7,676  7,293  383  8,624  4,034  4,590 
     ING Pioneer Mid Cap Value Portfolio - Service Class  291,251  164,044  127,207  469,577  136,058  333,519 
     ING Retirement Conservative Portfolio - Adviser Class  646,103  7,350  638,753  -  -  - 
     ING Retirement Growth Portfolio - Adviser Class  11,349,582  174,018  11,175,564  -  -  - 
     ING Retirement Moderate Growth Portfolio - Adviser Class  9,159,455  223,532  8,935,923  -  -  - 
     ING Retirement Moderate Portfolio - Adviser Class  5,044,010  93,395  4,950,615  -  -  - 
     ING T. Rowe Price Capital Appreciation Portfolio - Service Class  598,794  358,286  240,508  1,107,839  335,683  772,156 
     ING T. Rowe Price Equity Income Portfolio - Service Class  434,924  387,191  47,733  389,067  280,946  108,121 
     ING Templeton Global Growth Portfolio - Service Class  55,882  133,828  (77,946)  123,145  159,265  (36,120) 
     ING Van Kampen Capital Growth Portfolio - Service Class  14,531  84,236  (69,705)  68,530  23,536  44,994 
     ING Van Kampen Global Franchise Portfolio - Service Class  200,849  124,533  76,316  222,059  259,300  (37,241) 
     ING Van Kampen Global Tactical Asset Allocation Portfolio - Service Class  323,310  221,281  102,029  -  -  - 
     ING Van Kampen Growth and Income Portfolio - Service Class  69,872  33,109  36,763  54,594  27,711  26,883 
     ING Wells Fargo Small Cap Disciplined Portfolio - Service Class  24,580  3,969  20,611  885  4,552  (3,667) 
ING Partners, Inc.:             
     ING American Century Large Company Value Portfolio - Service Class  6,392  40,745  (34,353)  34,476  123  34,353 
     ING American Century Small-Mid Cap Value Portfolio - Service Class  38,104  3,129  34,975  23,097  99  22,998 
     ING Baron Small Cap Growth Portfolio - Service Class  380,895  158,901  221,994  391,251  114,541  276,710 
     ING Columbia Small Cap Value Portfolio - Service Class  114,948  88,455  26,493  238,276  44,787  193,489 
     ING Davis New York Venture Portfolio - Service Class  374,530  473,278  (98,748)  699,863  84,065  615,798 
     ING JPMorgan Mid Cap Value Portfolio - Service Class  135,286  26,842  108,444  108,258  24,447  83,811 
     ING Legg Mason Partners Aggressive Growth Portfolio - Service Class  3,710  30,795  (27,085)  26,680  16,478  10,202 

114


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

      Year ended December 31     
    2009      2008   
  Units     Units  Net Increase  Units     Units  Net Increase 
  Issued  Redeemed  (Decrease)  Issued  Redeemed  (Decrease) 
ING Partners, Inc. (continued):             
   ING Neuberger Berman Partners Portfolio - Service Class  3,368  76,391  (73,023)  2,233  13,000  (10,767) 
   ING Oppenheimer Global Portfolio - Initial Class  3,921  7,476  (3,555)  444  1,115  (671) 
   ING Oppenheimer Global Portfolio - Service Class  56,807  122,227  (65,420)  242,989  122,093  120,896 
   ING Oppenheimer Strategic Income Portfolio - Service Class  588  98  490  10,060  20  10,040 
   ING PIMCO Total Return Portfolio - Service Class  9,807  499  9,308  10,622  20  10,602 
   ING Solution 2015 Portfolio - Service Class  16,354  69  16,285  3,431  6  3,425 
   ING Solution 2025 Portfolio - Service Class  28,681  1,371  27,310  112,477  229  112,248 
   ING Solution 2035 Portfolio - Service Class  2,150  84  2,066  11,684  43  11,641 
   ING Solution 2045 Portfolio - Service Class  -  15  (15)  2,149  8  2,141 
   ING Solution Income Portfolio - Service Class  7,489  4,521  2,968  5,993  (3)  5,996 
   ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class  82,478  4,923  77,555  64,952  160  64,792 
   ING T. Rowe Price Growth Equity Portfolio - Service Class  287,699  47,314  240,385  195,753  32,847  162,906 
   ING Templeton Foreign Equity Portfolio - Service Class  218,113  172,082  46,031  724,000  203,352  520,648 
   ING Thornburg Value Portfolio - Initial Class  21  42  (21)  17  89  (72) 
   ING Thornburg Value Portfolio - Service Class  12,446  3,051  9,395  11,709  24  11,685 
   ING UBS U.S. Large Cap Equity Portfolio - Service Class  5,656  12,977  (7,321)  23,989  3,306  20,683 
   ING Van Kampen Comstock Portfolio - Service Class  201,130  109,687  91,443  115,120  86,535  28,585 
   ING Van Kampen Equity and Income Portfolio - Service Class  72,925  30,074  42,851  222,595  73,728  148,867 
ING Strategic Allocation Portfolios, Inc.:             
   ING Strategic Allocation Conservative Portfolio - Class S  34  -  34  -  -  - 
   ING Strategic Allocation Growth Portfolio - Class S  4,537  405  4,132  11,105  31  11,074 
   ING Strategic Allocation Moderate Portfolio - Class S  152  26  126  3,242  13  3,229 
ING Variable Funds:             
   ING Growth and Income Portfolio - Class I  107  21,548  (21,441)  228  20,107  (19,879) 
   ING Growth and Income Portfolio - Class S  509,262  93,326  415,936  131,574  9,319  122,255 

115


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

      Year ended December 31     
         2009      2008   
  Units     Units  Net Increase  Units     Units  Net Increase 
  Issued  Redeemed  (Decrease)  Issued  Redeemed  (Decrease) 
ING Variable Insurance Trust:             
   ING GET U.S. Core Portfolio - Series 3  3,523  237,307  (233,784)  1  24,262  (24,261) 
   ING GET U.S. Core Portfolio - Series 4  52  257,278  (257,226)  1  15,885  (15,884) 
   ING GET U.S. Core Portfolio - Series 5  -  58,135  (58,135)  -  26,458  (26,458) 
   ING GET U.S. Core Portfolio - Series 6  122  22,653  (22,531)  130  8,202  (8,072) 
   ING GET U.S. Core Portfolio - Series 7  -  21,366  (21,366)  -  28,729  (28,729) 
   ING GET U.S. Core Portfolio - Series 8  -  27  (27)  -  21,054  (21,054) 
   ING GET U.S. Core Portfolio - Series 9  -  179  (179)  -  22  (22) 
   ING GET U.S. Core Portfolio - Series 10  -  71,284  (71,284)  -  1,507  (1,507) 
   ING GET U.S. Core Portfolio - Series 11  -  1,325  (1,325)  -  444  (444) 
   ING GET U.S. Core Portfolio - Series 12  -  47  (47)  -  86  (86) 
   ING GET U.S. Core Portfolio - Series 13  -  4,875  (4,875)  27,897  30,786  (2,889) 
   ING GET U.S. Core Portfolio - Series 14  350  44,940  (44,590)  104  84,620  (84,516) 
ING Variable Portfolios, Inc.:             
   ING BlackRock Science and Technology Opportunities Portfolio - Class S  266,611  99,929  166,682  349,945  44,984  304,961 
   ING Dow Jones Euro STOXX 50 Index Portfolio - Class A  7,562  2,118  5,444  -  -  - 
   ING Global Equity Option Portfolio - Class S  4,205  4,205  -  -  -  - 
   ING Hang Seng Index Portfolio - Class S  139,205  10,532  128,673  -  -  - 
   ING Index Plus LargeCap Portfolio - Class S  32,380  59,718  (27,338)  115,109  130,460  (15,351) 
   ING Index Plus MidCap Portfolio - Class S  68,417  79,741  (11,324)  179,068  94,974  84,094 
   ING Index Plus SmallCap Portfolio - Class S  44,231  67,188  (22,957)  143,404  95,158  48,246 
   ING International Index Portfolio - Class S  389,797  27,057  362,740  102,000  6,388  95,612 
   ING Japan Equity Index Portfolio - Class A  2,006  2,006  -  -  -  - 
   ING Opportunistic Large Cap Growth Portfolio - Class S  249  3,407  (3,158)  3,172  14  3,158 
   ING Opportunistic Large Cap Portfolio - Class S  4,830  2,736  2,094  3,022  716  2,306 
   ING Russell™ Global Large Cap Index 75% Portfolio - Class S  28,479  35  28,444  -  -  - 
   ING Russell™ Large Cap Growth Index Portfolio - Class S  104,470  15,522  88,948  -  -  - 
   ING Russell™ Large Cap Index Portfolio - Class S  792,292  71,451  720,841  91,765  6,271  85,494 
   ING Russell™ Large Cap Value Index Portfolio - Class S  150,192  35,820  114,372  -  -  - 
   ING Russell™ Mid Cap Growth Index Portfolio - Class S  311,736  23,496  288,240  -  -  - 

116


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

      Year ended December 31     
         2009      2008   
  Units     Units  Net Increase  Units     Units  Net Increase 
  Issued  Redeemed  (Decrease)  Issued  Redeemed  (Decrease) 
ING Variable Portfolios, Inc. (continued):             
     ING Russell™ Mid Cap Index Portfolio - Class S  179,658  42,737  136,921  88,104  5,327  82,777 
     ING Russell™ Small Cap Index Portfolio - Class S  146,035  45,593  100,442  126,448  6,661  119,787 
     ING Small Company Portfolio - Class S  246,060  61,995  184,065  177,314  9,731  167,583 
     ING U.S. Bond Index Portfolio - Class S  443,047  148,670  294,377  268,444  39,133  229,311 
     ING WisdomTreeSM Global High-Yielding Equity Index Portfolio - Class S  649,704  435,227  214,477  756,878  163,458  593,420 
ING Variable Products Trust:             
     ING International Value Portfolio - Class S  30,458  4,335  26,123  100,485  1,335  99,150 
     ING MidCap Opportunities Portfolio - Class S  100,807  126,141  (25,334)  480,346  26,347  453,999 
     ING SmallCap Opportunities Portfolio - Class S  7,566  17,933  (10,367)  50,692  13,928  36,764 
Legg Mason Partners Variable Equity Trust:             
     Legg Mason ClearBridge Variable Investors Portfolio  169  4,454  (4,285)  86  16,947  (16,861) 
     Legg Mason Global Currents Variable International All Cap Opportunity             
         Portfolio  15  697  (682)  242  1,298  (1,056) 
     Legg Mason Variable Lifestyle Allocation 50%  196  24,872  (24,676)  151  14,819  (14,668) 
     Legg Mason Variable Lifestyle Allocation 70%  76  6,653  (6,577)  153  10,762  (10,609) 
     Legg Mason Variable Lifestyle Allocation 85%  61  2,557  (2,496)  370  2,695  (2,325) 
Legg Mason Partners Variable Income Trust:             
     Legg Mason Western Asset Variable High Income Portfolio  -  12  (12)  106  569  (463) 
     Legg Mason Western Asset Variable Money Market Portfolio  168  1,037  (869)  840  3,995  (3,155) 
Oppenheimer Variable Account Funds:             
     Oppenheimer Main Street Small Cap Fund®/VA - Service Class  1,034  1,106  (72)  7,295  60  7,235 
PIMCO Variable Insurance Trust:             
     PIMCO Real Return Portfolio - Administrative Class  2,283  498  1,785  14,497  23  14,474 
Pioneer Variable Contracts Trust:             
     Pioneer Equity Income VCT Portfolio - Class II  72,522  61,499  11,023  185,796  3,893  181,903 
     Pioneer Small Cap Value VCT Portfolio - Class II  1,589  15,726  (14,137)  336  2,861  (2,525) 
ProFunds:             
     ProFund VP Bull  60  1,430  (1,370)  3,965  5,396  (1,431) 
     ProFund VP Europe 30  6  1,132  (1,126)  561  2,269  (1,708) 
     ProFund VP Rising Rates Opportunity  1,579  4,512  (2,933)  2,421  16,303  (13,882) 

117


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

118


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

9.  Unit Summary       
 
  A summary of units outstanding at December 31, 2009 follows:     
 
                                                 Division/Contract         Units  Unit Value  Extended Value 
  AIM V.I. Leisure Fund - Series I Shares       
  Contracts in accumulation period:       
  Band 6  780.946  $ 10.42  $ 8,137 
  Band 9  58.081  10.03  583 
  Band 17  146.960  10.18  1,496 
  Band 20  6,977.693  9.91  69,149 
  Band 22  1,968.084  9.83  19,346 
  Band 24  4,867.812  10.07  49,019 
  Band 25  1,280.908  9.96  12,758 
  Band 26  1,294.337  9.88  12,788 
    17,374.821    $ 173,276 
  BlackRock Global Allocation V.I. Fund - Class III       
  Contracts in accumulation period:       
  Band 6  364,798.729  $ 9.55  $ 3,483,828 
  Band 7  1,227.338  9.53  11,697 
  Band 9  26,799.070  9.47  253,787 
  Band 17  185,824.967  9.52  1,769,054 
  Band 19  6,323.542  9.50  60,074 
  Band 20  57,180.120  9.44  539,780 
  Band 22  3,273.344  9.41  30,802 
  Band 24  412,211.501  9.49  3,911,887 
  Band 25  208,450.308  9.45  1,969,855 
  Band 27  59,047.522  9.39  554,456 
  Band 28  17,424.541  9.38  163,442 
  Band 34  119,589.690  9.57  1,144,473 
  Band 35  43,090.590  9.53  410,653 
    1,505,241.262    $ 14,303,788 
  Columbia Small Cap Value Fund, Variable Series - Class B       
  Contracts in accumulation period:       
  Band 1  1,514.850  $ 11.30  $ 17,118 
  Band 3  121.550  11.22  1,364 
  Band 6  19,452.151  11.30  219,809 
  Band 8  46.356  11.14  516 
  Band 9  1,899.054  11.03  20,947 
  Band 10  173.525  10.95  1,900 
  Band 17  23,271.654  11.19  260,410 
  Band 19  670.131  11.11  7,445 
  Band 20  8,750.213  10.92  95,552 
  Band 24  25,028.914  11.08  277,320 
  Band 25  3,892.877  10.98  42,744 
  Band 26  2,304.573  10.90  25,120 
    87,125.848    $ 970,245 

119


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
Fidelity® VIP Equity-Income Portfolio - Service Class 2       
Contracts in accumulation period:       
Band 5  5,911.109  $ 10.08  $ 59,584 
Band 6  97,079.171  9.90  961,084 
Band 8  27,318.995  9.66  263,901 
Band 9  82,045.727  9.49  778,614 
Band 10  485.898  9.37  4,553 
Band 17  89,698.934  9.66  866,492 
Band 19  6,140.431  9.58  58,825 
Band 20  17,999.277  9.40  169,193 
Band 22  2,874.150  9.32  26,787 
Band 24  49,532.536  9.56  473,531 
Band 25  34,167.277  9.45  322,881 
Band 28  180.462  9.22  1,664 
Band 30  123,838.424  7.29  902,782 
Band 31  140,500.989  7.25  1,018,632 
  677,773.380    $ 5,908,523 
Fidelity® VIP Contrafund® Portfolio - Service Class 2       
Contracts in accumulation period:       
Band 1  1,946.664  $ 11.56  $ 22,503 
Band 3  1,150.253  11.48  13,205 
Band 5  9,160.290  14.12  129,343 
Band 6  421,990.590  13.88  5,857,229 
Band 7  6.830  13.70  94 
Band 8  28,050.916  13.53  379,529 
Band 9  156,811.166  13.30  2,085,589 
Band 10  1,388.752  13.13  18,234 
Band 17  424,962.949  12.43  5,282,289 
Band 19  23,804.059  12.33  293,504 
Band 20  170,171.437  12.10  2,059,074 
Band 22  4,918.554  12.00  59,023 
Band 24  209,978.807  12.30  2,582,739 
Band 25  171,913.617  12.16  2,090,470 
Band 26  8,478.358  12.06  102,249 
Band 27  25,440.238  11.90  302,739 
Band 28  39,312.853  11.87  466,644 
Band 29  1,643.462  11.77  19,344 
Band 30  372,965.287  8.57  3,196,313 
Band 31  302,302.261  8.53  2,578,638 
Band 34  69,853.683  8.42  588,168 
Band 35  26,041.470  8.38  218,228 
  2,472,292.496    $ 28,345,148 
Franklin Small Cap Value Securities Fund - Class 2       
Contracts in accumulation period:       
Band 30  61,687.343  $ 8.27  $ 510,154 
Band 31  75,710.537  8.23  623,098 
  137,397.880    $ 1,133,252 

120


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Balanced Portfolio - Class S       
Contracts in accumulation period:       
Band 5  919.852  $ 9.14  $ 8,407 
Band 8  4,361.323  8.98  39,165 
Band 9  1,992.772  8.91  17,756 
Band 17  1,346.650  9.01  12,133 
Band 20  2,995.218  8.84  26,478 
Band 24  231.895  8.94  2,073 
Band 30  6,455.181  8.72  56,289 
Band 31  11,392.821  8.68  98,890 
  29,695.712    $ 261,191 
ING Intermediate Bond Portfolio - Class S       
Contracts in accumulation period:       
Band 2  180.643  $ 10.68  $ 1,929 
Band 4  1,242.724  10.61  13,185 
Band 5  2,651.267  10.82  28,687 
Band 6  270,027.935  10.72  2,894,699 
Band 9  48,959.618  10.47  512,607 
Band 17  217,375.693  10.62  2,308,530 
Band 19  19,732.936  10.54  207,985 
Band 20  99,829.294  10.37  1,035,230 
Band 22  4,303.772  10.29  44,286 
Band 24  238,630.020  10.52  2,510,388 
Band 25  204,750.440  10.42  2,133,500 
Band 26  1,926.016  10.34  19,915 
Band 27  18,537.655  10.22  189,455 
Band 28  56,502.871  10.19  575,764 
Band 30  269,940.619  10.21  2,756,094 
Band 31  423,080.383  10.16  4,298,497 
Band 34  16,973.372  9.80  166,339 
Band 35  13,230.956  9.75  129,002 
  1,907,876.214    $ 19,826,092 
ING American Funds Asset Allocation Portfolio       
Contracts in accumulation period:       
Band 6  274,315.296  $ 8.77  $ 2,405,745 
Band 9  6,646.575  8.69  57,759 
Band 17  153,384.419  8.74  1,340,580 
Band 20  26,071.048  8.66  225,775 
Band 24  112,721.992  8.71  981,809 
Band 25  96,915.384  8.68  841,226 
Band 26  12,692.583  8.66  109,918 
Band 27  3,135.151  8.62  27,025 
Band 28  9,331.957  8.61  80,348 
Band 34  124,569.547  8.78  1,093,721 
Band 35  58,739.242  8.75  513,968 
  878,523.194    $ 7,677,874 

121


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING American Funds Bond Portfolio       
Contracts in accumulation period:       
Band 6  233,159.035  $ 9.81  $ 2,287,290 
Band 7  210.270  9.78  2,056 
Band 9  63,146.424  9.72  613,783 
Band 17  219,928.091  9.77  2,148,697 
Band 19  13,906.846  9.75  135,592 
Band 20  94,554.952  9.68  915,292 
Band 22  8,876.792  9.65  85,661 
Band 24  215,342.020  9.74  2,097,431 
Band 25  445,879.768  9.70  4,325,034 
Band 26  24,235.162  9.67  234,354 
Band 27  52,023.989  9.62  500,471 
Band 28  25,844.559  9.61  248,366 
Band 30  203,413.804  9.86  2,005,660 
Band 31  89,736.365  9.82  881,211 
Band 34  30,093.820  9.93  298,832 
Band 35  9,415.829  9.89  93,123 
  1,729,767.726    $ 16,872,853 
ING American Funds Growth Portfolio       
Contracts in accumulation period:       
Band 1  1,126.049  $ 12.25  $ 13,794 
Band 2  382.034  9.09  3,473 
Band 3  9,991.375  12.13  121,195 
Band 4  588.692  9.03  5,316 
Band 5  10,459.407  12.40  129,697 
Band 6  987,116.035  12.25  12,092,171 
Band 7  62.846  12.13  762 
Band 8  10,235.943  12.01  122,934 
Band 9  195,446.966  11.86  2,318,001 
Band 10  5,829.835  11.75  68,501 
Band 17  1,020,814.708  11.46  11,698,537 
Band 19  37,645.707  11.36  427,655 
Band 20  249,007.255  11.15  2,776,431 
Band 22  87,629.751  11.06  969,185 
Band 24  610,024.347  11.33  6,911,576 
Band 25  660,785.715  11.21  7,407,408 
Band 26  24,036.326  11.12  267,284 
Band 27  42,047.238  10.97  461,258 
Band 28  47,126.714  10.94  515,566 
Band 30  223,253.248  8.05  1,797,189 
Band 31  90,421.135  8.02  725,178 
Band 34  44,382.877  8.12  360,389 
Band 35  14,707.282  8.08  118,835 
  4,373,121.485    $ 49,312,335 

122


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING American Funds Growth-Income Portfolio       
Contracts in accumulation period:       
Band 1  1,372.913  $ 11.39  $ 15,637 
Band 2  335.891  9.19  3,087 
Band 3  14,361.738  11.28  162,000 
Band 4  524.874  9.13  4,792 
Band 5  8,855.187  11.54  102,189 
Band 6  603,137.957  11.39  6,869,741 
Band 7  451.121  11.28  5,089 
Band 8  8,788.354  11.18  98,254 
Band 9  153,409.755  11.04  1,693,644 
Band 10  8,688.186  10.93  94,962 
Band 17  760,314.245  10.30  7,831,237 
Band 19  41,874.894  10.22  427,961 
Band 20  141,453.920  10.02  1,417,368 
Band 22  16,184.622  9.94  160,875 
Band 24  426,151.598  10.19  4,342,485 
Band 25  450,001.556  10.08  4,536,016 
Band 26  12,673.864  10.00  126,739 
Band 27  16,814.165  9.86  165,788 
Band 28  32,942.839  9.83  323,828 
Band 30  83,751.461  8.05  674,199 
Band 31  60,303.365  8.01  483,030 
Band 34  41,970.883  8.46  355,074 
Band 35  6,690.682  8.42  56,336 
  2,891,054.070    $ 29,950,331 
ING American Funds International Portfolio       
Contracts in accumulation period:       
Band 1  463.610  $ 17.90  $ 8,299 
Band 2  165.887  11.63  1,929 
Band 3  3,616.883  17.73  64,127 
Band 4  224.981  11.56  2,601 
Band 5  586.157  18.13  10,627 
Band 6  289,246.260  17.90  5,177,508 
Band 7  12.827  17.73  227 
Band 8  2,788.528  17.56  48,967 
Band 9  63,082.180  17.34  1,093,845 
Band 10  1,825.097  17.17  31,337 
Band 17  527,476.981  14.97  7,896,330 
Band 19  21,969.557  14.85  326,248 
Band 20  101,484.548  14.57  1,478,630 
Band 22  7,563.322  14.45  109,290 
Band 24  313,569.723  14.81  4,643,968 
Band 25  311,509.267  14.65  4,563,611 
Band 26  17,047.580  14.53  247,701 

123


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING American Funds International Portfolio (continued)       
Band 27  35,024.753  $ 14.34  $ 502,255 
Band 28  27,693.579  14.29  395,741 
Band 29  136.855  14.18  1,941 
Band 30  215,385.392  9.30  2,003,084 
Band 31  210,243.903  9.26  1,946,859 
Band 34  48,914.767  8.84  432,407 
Band 35  2,241.130  8.80  19,722 
  2,202,273.767    $ 31,007,254 
ING American Funds World Allocation Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 6  26,296.708  $ 14.06  $ 369,732 
Band 9  547.050  13.99  7,653 
Band 17  12,304.986  14.03  172,639 
Band 19  2,411.672  14.01  33,788 
Band 20  1,520.001  13.97  21,234 
Band 24  15,909.076  14.00  222,727 
Band 25  15,133.095  13.98  211,561 
Band 27  349.521  13.93  4,869 
Band 28  1,563.204  13.92  21,760 
Band 34  6,300.731  14.07  88,651 
Band 35  98.130  14.04  1,378 
  82,434.174    $ 1,155,992 
ING Artio Foreign Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  2,450.753  $ 11.43  $ 28,012 
Band 6  243,868.961  13.72  3,345,882 
Band 8  2,088.940  13.41  28,013 
Band 9  19,913.338  13.20  262,856 
Band 17  299,209.867  13.08  3,913,665 
Band 19  8,122.143  12.98  105,425 
Band 20  32,053.381  12.73  408,040 
Band 22  4,927.850  12.63  62,239 
Band 24  150,751.141  12.94  1,950,720 
Band 25  89,329.223  12.80  1,143,414 
Band 26  8,476.074  12.70  107,646 
Band 27  890.828  12.52  11,153 
Band 28  3,736.130  12.49  46,664 
Band 29  565.948  12.39  7,012 
Band 34  7,745.795  7.32  56,699 
Band 35  33,097.938  7.28  240,953 
  907,228.310    $ 11,718,393 

124


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING BlackRock Inflation Protected Bond Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 6  122,796.698  $ 10.60  $ 1,301,645 
Band 9  22,268.339  10.56  235,154 
Band 17  50,010.262  10.58  529,109 
Band 20  40,111.352  10.54  422,774 
Band 22  1,420.653  10.53  14,959 
Band 24  108,476.133  10.57  1,146,593 
Band 25  123,527.489  10.55  1,303,215 
Band 26  13,700.705  10.54  144,405 
Band 27  4,988.128  10.52  52,475 
Band 28  25,335.314  10.52  266,528 
Band 30  80,939.254  10.62  859,575 
Band 31  85,213.718  10.60  903,265 
Band 34  19,649.418  10.61  208,480 
Band 35  4,172.954  10.59  44,192 
  702,610.417    $ 7,432,369 
ING BlackRock Large Cap Growth Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  328.987  $ 10.05  $ 3,306 
Band 3  2,501.552  9.97  24,940 
Band 5  1,884.565  10.14  19,109 
Band 6  107,683.306  10.05  1,082,217 
Band 8  471.490  9.91  4,672 
Band 9  17,938.624  9.81  175,978 
Band 17  73,467.609  9.95  731,003 
Band 19  117.474  9.88  1,161 
Band 20  10,345.143  9.72  100,555 
Band 22  4,093.074  9.65  39,498 
Band 24  33,678.788  9.86  332,073 
Band 25  15,295.164  9.76  149,281 
Band 26  262.639  9.69  2,545 
Band 27  2,213.866  9.58  21,209 
Band 28  2,171.740  9.55  20,740 
Band 30  2,160.740  8.20  17,718 
Band 31  565.672  8.16  4,616 
Band 34  13,287.473  8.66  115,070 
Band 35  3,658.666  8.62  31,538 
  292,126.572    $ 2,877,229 
ING BlackRock Large Cap Value Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  18,606.610  $ 9.43  $ 175,460 
Band 9  2,879.446  9.21  26,520 
Band 17  13,236.801  9.34  123,632 
Band 20  665.478  9.12  6,069 
Band 24  9,121.019  9.25  84,369 
Band 26  839.003  9.10  7,635 
Band 27  1,136.034  8.99  10,213 
  46,484.391    $ 433,898 

125


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Clarion Global Real Estate Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  108,722.138  $ 9.54  $ 1,037,209 
Band 7  61.804  9.49  587 
Band 8  221.361  9.44  2,090 
Band 9  16,979.057  9.37  159,094 
Band 17  76,458.565  9.47  724,063 
Band 19  9,964.977  9.42  93,870 
Band 20  23,035.382  9.29  213,999 
Band 22  3,831.088  9.24  35,399 
Band 24  68,030.044  9.40  639,482 
Band 25  60,288.496  9.33  562,492 
Band 26  1,770.678  9.28  16,432 
Band 27  21,874.283  9.19  201,025 
Band 28  11,294.793  9.17  103,573 
Band 30  149,483.061  7.53  1,125,607 
Band 31  146,656.819  7.50  1,099,926 
Band 34  1,189.862  8.18  9,733 
Band 35  718.118  8.14  5,845 
  700,580.526    $ 6,030,426 
ING Clarion Real Estate Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  1,571.278  $ 55.00  $ 86,420 
Band 3  1,177.096  53.29  62,727 
Band 4  160.457  8.93  1,433 
Band 5  437.820  14.61  6,397 
Band 6  114,888.412  14.44  1,658,989 
Band 8  255.737  14.20  3,631 
Band 9  10,771.739  14.03  151,127 
Band 17  68,152.356  12.19  830,777 
Band 19  7,825.329  12.09  94,608 
Band 20  28,196.459  11.86  334,410 
Band 22  535.958  11.76  6,303 
Band 24  40,941.651  12.06  493,756 
Band 25  26,536.280  11.93  316,578 
Band 26  8,158.829  11.83  96,519 
Band 27  805.758  11.67  9,403 
Band 28  5,455.881  11.63  63,452 
Band 29  418.136  11.54  4,825 
  316,289.176    $ 4,221,355 

126


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Evergreen Health Sciences Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  417.929  $ 11.35  $ 4,743 
Band 5  3,538.936  11.01  38,964 
Band 6  121,233.166  10.89  1,320,229 
Band 8  4,099.006  10.70  43,859 
Band 9  14,048.078  10.58  148,629 
Band 17  115,638.175  11.74  1,357,592 
Band 19  734.600  11.65  8,558 
Band 20  19,642.823  11.43  224,517 
Band 22  242.466  11.33  2,747 
Band 24  56,654.161  11.61  657,755 
Band 25  62,100.264  11.49  713,532 
Band 26  785.480  11.39  8,947 
Band 27  21,399.266  11.24  240,528 
Band 28  12,791.720  11.21  143,395 
Band 34  4,504.523  8.96  40,361 
Band 35  2,925.273  8.91  26,064 
  440,755.866    $ 4,980,420 
ING Evergreen Omega Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  1,063.015  $ 12.61  $ 13,405 
Band 6  37,460.058  12.47  467,127 
Band 8  461.182  12.26  5,654 
Band 9  1,532.073  12.12  18,569 
Band 17  42,349.830  13.26  561,559 
Band 20  6,520.647  12.90  84,116 
Band 24  15,954.747  13.12  209,326 
Band 25  4,436.797  12.98  57,590 
Band 26  1,099.876  12.87  14,155 
Band 28  4,073.305  12.66  51,568 
Band 30  8,661.135  10.58  91,635 
Band 31  7,924.077  10.53  83,441 
Band 34  3,579.367  14.86  53,189 
  135,116.109    $ 1,711,334 

127


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING FMRSM Diversified Mid Cap Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  4,114.997  $ 13.97  $ 57,487 
Band 3  98,974.967  13.77  1,362,885 
Band 6  143,814.063  12.41  1,784,733 
Band 8  617.595  12.24  7,559 
Band 9  37,078.243  12.13  449,759 
Band 17  149,935.141  12.30  1,844,202 
Band 19  4,115.079  12.21  50,245 
Band 20  34,153.097  12.01  410,179 
Band 22  1,790.964  11.92  21,348 
Band 24  103,778.251  12.18  1,264,019 
Band 25  52,745.271  12.06  636,108 
Band 26  1,524.612  11.98  18,265 
Band 27  5,443.052  11.83  64,391 
Band 28  10,486.228  11.80  123,737 
Band 34  8,955.782  9.02  80,781 
  657,527.342    $ 8,175,698 
ING Focus 5 Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  13,817.195  $ 6.73  $ 92,990 
Band 9  8,546.728  6.65  56,836 
Band 17  64,999.097  6.70  435,494 
Band 20  4,248.207  6.62  28,123 
Band 24  33,984.724  6.66  226,338 
Band 25  20,861.946  6.63  138,315 
Band 27  29,522.412  6.57  193,962 
Band 28  20,029.099  6.56  131,391 
Band 31  4,405.433  7.72  34,010 
Band 34  355.330  7.55  2,683 
Band 35  19,464.482  7.51  146,178 
  220,234.653    $ 1,486,320 

128


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Franklin Income Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  4,194.224  $ 10.04  $ 42,110 
Band 5  1,238.303  10.17  12,594 
Band 6  307,587.505  10.10  3,106,634 
Band 7  258.472  10.04  2,595 
Band 8  6,655.204  9.99  66,485 
Band 9  90,355.526  9.91  895,423 
Band 10  6,022.132  9.86  59,378 
Band 17  183,594.927  10.02  1,839,621 
Band 19  11,593.518  9.97  115,587 
Band 20  66,231.217  9.84  651,715 
Band 22  976.288  9.78  9,548 
Band 24  358,321.729  9.95  3,565,301 
Band 25  879,452.091  9.87  8,680,192 
Band 26  1,517.656  9.82  14,903 
Band 27  22,525.549  9.73  219,174 
Band 28  67,743.062  9.71  657,785 
Band 34  11,991.079  9.46  113,436 
Band 35  13,134.417  9.42  123,726 
  2,033,392.899    $ 20,176,207 
ING Franklin Mutual Shares Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  860.863  $ 9.18  $ 7,903 
Band 6  184,842.891  9.14  1,689,464 
Band 8  3,011.709  9.06  27,286 
Band 9  33,702.336  9.01  303,658 
Band 10  1,376.547  8.98  12,361 
Band 17  88,289.608  9.09  802,553 
Band 19  8,620.716  9.05  78,017 
Band 20  10,477.180  8.96  93,876 
Band 22  1,062.971  8.93  9,492 
Band 24  152,775.479  9.04  1,381,090 
Band 25  122,613.715  8.99  1,102,297 
Band 26  3,268.640  8.95  29,254 
Band 27  21,516.980  8.89  191,286 
Band 28  15,817.930  8.88  140,463 
Band 34  2,260.382  8.29  18,739 
Band 35  22,136.505  8.25  182,626 
  672,634.452    $ 6,070,365 

129


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Franklin Templeton Founding Strategy Portfolio -       
   Service Class       
Contracts in accumulation period:       
Band 6  196,241.538  $ 7.86  $ 1,542,458 
Band 7  1,291.441  7.83  10,112 
Band 8  3,270.940  7.80  25,513 
Band 9  95,147.645  7.75  737,394 
Band 10  2,901.039  7.72  22,396 
Band 17  447,304.527  7.82  3,497,921 
Band 19  31,557.576  7.78  245,518 
Band 20  104,671.724  7.71  807,019 
Band 22  3,153.046  7.68  24,215 
Band 24  366,073.385  7.77  2,844,390 
Band 25  195,073.257  7.73  1,507,916 
Band 26  35,513.618  7.70  273,455 
Band 27  69,700.911  7.65  533,212 
Band 28  22,156.696  7.64  169,277 
Band 31  10,530.329  8.66  91,193 
Band 34  136,838.492  8.78  1,201,442 
Band 35  40,862.800  8.74  357,141 
  1,762,288.964    $ 13,890,572 
ING Global Resources Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  604.797  $ 38.50  $ 23,285 
Band 3  2,038.035  37.30  76,019 
Band 5  1,529.248  16.88  25,814 
Band 6  174,274.879  16.72  2,913,876 
Band 8  2,757.185  16.49  45,466 
Band 9  90,895.089  16.33  1,484,317 
Band 17  185,729.161  16.56  3,075,675 
Band 19  11,878.681  16.45  195,404 
Band 20  49,247.022  16.17  796,324 
Band 22  4,701.500  16.06  75,506 
Band 24  134,051.159  16.41  2,199,780 
Band 25  118,244.051  16.25  1,921,466 
Band 26  5,795.940  16.13  93,489 
Band 27  67,826.225  15.94  1,081,150 
Band 28  12,682.972  15.90  201,659 
Band 29  137.192  15.79  2,166 
Band 34  1,828.037  8.43  15,410 
Band 35  2,947.509  8.39  24,730 
  867,168.682    $ 14,251,536 

130


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract         Units  Unit Value  Extended Value 
ING Janus Contrarian Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  73,347.490  $ 11.61  $ 851,564 
Band 5  2,095.827  13.07  27,392 
Band 6  254,382.574  12.92  3,286,623 
Band 7  23.147  12.81  297 
Band 9  25,358.287  12.55  318,247 
Band 17  113,354.707  13.23  1,499,683 
Band 19  9,020.331  13.13  118,437 
Band 20  16,468.042  12.88  212,108 
Band 22  581.105  12.78  7,427 
Band 24  78,642.646  13.09  1,029,432 
Band 25  58,713.751  12.95  760,343 
Band 26  2,964.147  12.85  38,089 
Band 27  2,707.317  12.67  34,302 
Band 28  15,353.006  12.63  193,908 
Band 34  48,688.382  7.15  348,122 
Band 35  7,185.540  7.11  51,089 
  708,886.299    $ 8,777,063 
ING JPMorgan Emerging Markets Equity Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 1  2,955.837  $ 21.05  $ 62,220 
Band 3  9,720.684  20.67  200,927 
Band 5  610.105  20.74  12,654 
Band 6  256,131.323  20.54  5,260,937 
Band 7  14.074  20.40  287 
Band 8  1,504.294  20.26  30,477 
Band 9  35,608.815  20.07  714,669 
Band 10  155.427  19.92  3,096 
Band 17  150,142.071  20.35  3,055,391 
Band 19  22,036.260  20.20  445,132 
Band 20  39,775.896  19.87  790,347 
Band 22  2,108.042  19.73  41,592 
Band 24  108,648.655  20.16  2,190,357 
Band 25  87,076.888  19.96  1,738,055 
Band 26  8,288.442  19.82  164,277 
Band 27  34,674.131  19.58  678,919 
Band 28  16,662.401  19.53  325,417 
Band 29  180.817  19.39  3,506 
Band 30  125,949.247  8.58  1,080,645 
Band 31  145,527.611  8.55  1,244,261 
Band 34  23,179.752  8.98  208,154 
Band 35  2,713.771  8.94  24,261 
  1,073,664.543    $ 18,275,581 

131


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING JPMorgan Small Cap Core Equity Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 5  792.943  $ 13.09  $ 10,380 
Band 6  76,272.818  12.89  983,157 
Band 8  1,422.256  12.60  17,920 
Band 9  14,548.529  12.40  180,402 
Band 17  117,617.770  11.68  1,373,776 
Band 19  3,946.205  11.59  45,737 
Band 20  20,342.690  11.37  231,296 
Band 22  5,372.527  11.27  60,548 
Band 24  54,476.648  11.55  629,205 
Band 25  24,766.995  11.43  283,087 
Band 26  39.944  11.34  453 
Band 27  1,478.806  11.18  16,533 
Band 28  4,334.214  11.15  48,326 
Band 34  7,596.786  9.34  70,954 
Band 35  499.272  9.30  4,643 
  333,508.403    $ 3,956,417 
ING Limited Maturity Bond Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  3,625.533  $ 23.45  $ 85,019 
Band 3  12,710.371  22.72  288,780 
  16,335.904    $ 373,799 
ING Liquid Assets Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  9,480.579  $ 17.48  $ 165,721 
Band 3  56,040.142  16.94  949,320 
Band 4  6,316.974  10.04  63,422 
Band 5  73,577.647  18.22  1,340,585 
Band 6  295,618.789  17.48  5,167,416 
Band 7  16,817.313  16.94  284,885 
Band 8  260,897.571  16.40  4,278,720 
Band 9  467,469.519  15.72  7,348,621 
Band 10  65,196.754  15.23  992,947 
Band 17  447,412.928  10.78  4,823,111 
Band 19  24,235.253  10.69  259,075 
Band 20  192,945.432  10.49  2,023,998 
Band 22  2,839.751  10.41  29,562 
Band 24  569,945.469  10.67  6,081,318 
Band 25  440,547.477  10.55  4,647,776 
Band 26  37,271.967  10.46  389,865 
Band 27  297,118.767  10.32  3,066,266 
Band 28  14,561.030  10.29  149,833 
Band 29  4,763.048  10.21  48,631 
Band 30  41,030.139  10.22  419,328 
Band 31  3,707.315  10.17  37,703 
Band 34  267,811.879  10.01  2,680,797 
Band 35  99,367.884  9.96  989,704 
  3,694,973.627    $ 46,238,604 

132


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Lord Abbett Affiliated Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  5,860.465  $ 10.27  $ 60,187 
Band 6  4,402.100  11.03  48,555 
Band 17  11,644.269  9.80  114,114 
Band 19  3,369.314  9.72  32,750 
Band 24  3,162.386  9.70  30,675 
Band 25  1,489.016  9.59  14,280 
  29,927.550    $ 300,561 
ING Marsico Growth Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  9,455.038  $ 14.59  $ 137,949 
Band 3  136,569.603  14.29  1,951,580 
Band 6  96,989.651  10.59  1,027,120 
Band 8  55.263  10.41  575 
Band 9  33,996.098  10.29  349,820 
Band 10  169.004  10.20  1,724 
Band 17  148,997.150  10.67  1,589,800 
Band 19  4,225.698  10.58  44,708 
Band 20  12,003.438  10.38  124,596 
Band 22  362.700  10.29  3,732 
Band 24  64,561.378  10.55  681,123 
Band 25  64,501.054  10.44  673,391 
Band 26  6,894.941  10.35  71,363 
Band 27  15,574.625  10.21  159,017 
Band 28  11,726.963  10.18  119,380 
Band 34  7,894.631  8.37  66,078 
Band 35  3,937.840  8.33  32,802 
  617,915.075    $ 7,034,758 
ING Marsico International Opportunities Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 3  11,317.337  $ 12.19  $ 137,958 
Band 5  1,018.530  12.40  12,630 
Band 6  141,709.305  12.28  1,740,190 
Band 7  230.848  12.19  2,814 
Band 8  1,642.034  12.11  19,885 
Band 9  23,888.496  11.99  286,423 
Band 17  64,813.730  12.16  788,135 
Band 19  5,333.728  12.08  64,431 
Band 20  16,094.541  11.88  191,203 
Band 22  243.219  11.79  2,868 
Band 24  85,524.628  12.05  1,030,572 
Band 25  92,837.861  11.93  1,107,556 
Band 26  4,160.985  11.85  49,308 
Band 27  1,113.308  11.71  13,037 
Band 28  3,449.230  11.68  40,287 
Band 30  65,101.381  7.20  468,730 
Band 31  96,300.771  7.17  690,477 
Band 34  1,837.360  7.58  13,927 
  616,617.292    $ 6,660,431 

133


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING MFS Total Return Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  2,779.879  $ 25.37  $ 70,526 
Band 2  5,071.242  25.37  128,657 
Band 3  35,874.554  24.80  889,689 
Band 4  23,581.314  24.80  584,817 
Band 5  4,085.777  26.16  106,884 
Band 6  103,904.437  25.37  2,636,056 
Band 7  190.808  24.79  4,730 
Band 8  11,830.031  24.24  286,760 
Band 9  30,370.382  23.51  714,008 
Band 10  1,409.385  22.97  32,374 
Band 17  118,834.482  10.96  1,302,426 
Band 19  12,414.905  10.87  134,950 
Band 20  72,257.070  10.67  770,983 
Band 22  7,161.747  10.58  75,771 
Band 24  178,137.328  10.84  1,931,009 
Band 25  106,998.726  10.73  1,148,096 
Band 26  5,852.774  10.64  62,274 
Band 27  4,995.628  10.49  52,404 
Band 28  13,722.168  10.46  143,534 
Band 30  30,260.174  9.20  278,394 
Band 31  2,407.044  9.15  22,024 
Band 34  31,342.443  9.35  293,052 
Band 35  1,860.149  9.30  17,299 
  805,342.447    $ 11,686,717 
ING MFS Utilities Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  442.862  $ 14.85  $ 6,577 
Band 6  191,297.324  14.95  2,859,895 
Band 7  10.497  14.85  156 
Band 8  4,920.515  14.75  72,578 
Band 9  36,175.735  14.61  528,527 
Band 17  156,573.892  14.81  2,318,859 
Band 19  10,694.902  14.71  157,322 
Band 20  32,280.028  14.46  466,769 
Band 22  2,850.352  14.36  40,931 
Band 24  86,002.755  14.67  1,261,660 
Band 25  90,094.602  14.53  1,309,075 
Band 26  925.283  14.43  13,352 
Band 27  56,684.147  14.26  808,316 
Band 28  16,342.527  14.22  232,391 
Band 30  50,402.947  8.35  420,865 
Band 31  126,173.182  8.33  1,051,023 
Band 34  3,206.064  8.61  27,604 
Band 35  2,096.337  8.57  17,966 
  867,173.951    $ 11,593,866 

134


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract  Units  Unit Value  Extended Value 
ING Oppenheimer Active Allocation Portfolio - Service Class       
Contracts in accumulation period:       
Band 17  15,130.097  $ 13.40  $ 202,743 
Band 20  623.534  13.33  8,312 
Band 24  15,022.053  13.37  200,845 
Band 25  545.094  13.35  7,277 
Band 34  51.742  13.43  695 
Band 35  226.037  13.40  3,029 
  31,598.557    $ 422,901 
ING PIMCO High Yield Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  2,210.217  $ 13.76  $ 30,413 
Band 3  10,514.995  13.65  143,530 
Band 5  2,073.968  13.92  28,870 
Band 6  92,830.075  13.76  1,277,342 
Band 8  6,539.285  13.53  88,477 
Band 9  24,780.351  13.38  331,561 
Band 10  888.013  13.26  11,775 
Band 17  105,899.692  13.22  1,399,994 
Band 19  7,042.543  13.11  92,328 
Band 20  44,081.188  12.86  566,884 
Band 22  904.867  12.76  11,546 
Band 24  60,865.870  13.07  795,517 
Band 25  52,111.420  12.93  673,801 
Band 26  4,203.139  12.83  53,926 
Band 27  14,769.013  12.65  186,828 
Band 28  436.389  12.62  5,507 
Band 30  7,257.442  11.80  85,638 
Band 31  9,631.140  11.74  113,070 
  447,039.607    $ 5,897,007 

135


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING PIMCO Total Return Bond Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  8,085.004  $ 17.98  $ 145,368 
Band 3  15,505.121  17.57  272,425 
Band 5  7,843.505  18.54  145,419 
Band 6  571,278.464  17.98  10,271,587 
Band 7  399.057  17.57  7,011 
Band 8  26,262.994  17.18  451,198 
Band 9  175,929.776  16.66  2,930,990 
Band 10  7,784.817  16.28  126,737 
Band 17  692,812.720  13.10  9,075,847 
Band 19  24,520.836  12.99  318,526 
Band 20  299,566.475  12.75  3,819,473 
Band 22  15,267.771  12.64  192,985 
Band 24  516,917.005  12.96  6,699,244 
Band 25  928,683.172  12.82  11,905,718 
Band 26  17,769.095  12.71  225,845 
Band 27  82,940.404  12.54  1,040,073 
Band 28  183,164.513  12.50  2,289,556 
Band 30  30,598.843  12.30  376,366 
Band 31  5,253.739  12.24  64,306 
Band 34  165,477.684  11.36  1,879,826 
Band 35  50,567.448  11.31  571,918 
  3,826,628.443    $ 52,810,418 
ING Pioneer Fund Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  2,806.361  $ 10.39  $ 29,158 
Band 8  25.141  10.25  258 
Band 9  188.105  10.15  1,909 
Band 17  7,535.508  10.29  77,540 
Band 20  542.317  10.05  5,450 
Band 24  3,617.303  10.20  36,896 
Band 25  2,885.513  10.10  29,144 
Band 30  7,433.828  8.25  61,329 
Band 34  662.412  8.42  5,578 
  25,696.488    $ 247,262 

136


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Pioneer Mid Cap Value Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  5,220.580  $ 10.29  $ 53,720 
Band 3  30,721.795  10.22  313,977 
Band 6  189,691.854  10.29  1,951,929 
Band 7  61.860  10.22  632 
Band 8  230.411  10.15  2,339 
Band 9  27,246.728  10.05  273,830 
Band 10  188.582  9.98  1,882 
Band 17  265,094.937  10.19  2,701,317 
Band 19  2,420.021  10.12  24,491 
Band 20  47,737.494  9.96  475,465 
Band 22  3,509.914  9.88  34,678 
Band 24  68,635.029  10.10  693,214 
Band 25  51,138.498  10.00  511,385 
Band 26  12,844.039  9.93  127,541 
Band 27  3,864.532  9.81  37,911 
Band 28  4,729.967  9.79  46,306 
Band 29  1,442.815  9.72  14,024 
Band 30  99,550.526  8.31  827,265 
Band 31  89,847.420  8.27  743,038 
Band 34  1,148.675  8.68  9,970 
Band 35  704.873  8.63  6,083 
  906,030.550    $ 8,850,997 
ING Retirement Conservative Portfolio - Adviser Class       
Contracts in accumulation period:       
Band 6  45,870.770  $ 8.32  $ 381,645 
Band 8  6,388.525  8.31  53,089 
Band 9  12,368.734  8.31  102,784 
Band 17  27,961.712  8.31  232,362 
Band 19  51,222.567  8.31  425,660 
Band 20  1,552.468  8.31  12,901 
Band 22  299.083  8.30  2,482 
Band 24  134,531.515  8.31  1,117,957 
Band 25  96,748.853  8.31  803,983 
Band 27  3,082.217  8.30  25,582 
Band 28  20,781.982  8.30  172,490 
Band 34  132,889.331  8.32  1,105,639 
Band 35  105,055.615  8.32  874,063 
  638,753.372    $ 5,310,637 

137


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Retirement Growth Portfolio - Adviser Class       
Contracts in accumulation period:       
Band 5  1,021.274  $ 9.38  $ 9,580 
Band 6  2,823,821.162  9.38  26,487,442 
Band 8  6,515.048  9.37  61,046 
Band 9  328,693.866  9.37  3,079,862 
Band 10  10,212.115  9.36  95,585 
Band 17  3,167,563.895  9.37  29,680,074 
Band 19  97,314.283  9.37  911,835 
Band 20  295,044.962  9.36  2,761,621 
Band 22  24,573.734  9.36  230,010 
Band 24  2,165,888.743  9.37  20,294,378 
Band 25  1,498,237.585  9.36  14,023,504 
Band 26  98,315.447  9.36  920,233 
Band 27  151,493.364  9.36  1,417,978 
Band 28  234,630.416  9.35  2,193,794 
Band 34  136,710.052  9.38  1,282,340 
Band 35  135,528.179  9.37  1,269,899 
  11,175,564.125    $ 104,719,181 
ING Retirement Moderate Growth Portfolio - Adviser Class       
Contracts in accumulation period:       
Band 5  23,733.906  $ 9.64  $ 228,795 
Band 6  2,183,004.584  9.63  21,022,334 
Band 8  39,718.413  9.63  382,488 
Band 9  353,511.591  9.62  3,400,782 
Band 17  2,411,510.864  9.63  23,222,850 
Band 19  212,960.235  9.63  2,050,807 
Band 20  393,638.081  9.62  3,786,798 
Band 22  9,765.742  9.62  93,946 
Band 24  1,783,199.148  9.63  17,172,208 
Band 25  826,844.967  9.62  7,954,249 
Band 26  73,249.162  9.62  704,657 
Band 27  121,614.529  9.61  1,168,716 
Band 28  82,796.046  9.61  795,670 
Band 34  305,493.178  9.64  2,944,954 
Band 35  114,882.061  9.63  1,106,314 
  8,935,922.507    $ 86,035,568 

138


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Retirement Moderate Portfolio - Adviser Class       
Contracts in accumulation period:       
Band 3  1,529.471  $ 9.86  $ 15,081 
Band 4  2,678.573  9.86  26,411 
Band 5  2,277.420  9.87  22,478 
Band 6  822,941.985  9.86  8,114,208 
Band 8  25,879.478  9.86  255,172 
Band 9  246,913.252  9.85  2,432,096 
Band 10  2,336.400  9.85  23,014 
Band 17  973,278.112  9.86  9,596,522 
Band 19  93,971.507  9.86  926,559 
Band 20  182,134.892  9.85  1,794,029 
Band 22  54,373.044  9.85  535,574 
Band 24  850,000.343  9.86  8,381,003 
Band 25  1,021,100.065  9.85  10,057,836 
Band 26  62,026.426  9.85  610,960 
Band 27  17,374.196  9.84  170,962 
Band 28  39,260.689  9.84  386,325 
Band 34  296,084.353  9.87  2,922,353 
Band 35  256,455.269  9.86  2,528,649 
  4,950,615.475    $ 48,799,232 
ING T. Rowe Price Capital Appreciation Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 1  2,111.979  $ 47.55  $ 100,425 
Band 3  9,458.188  46.07  435,739 
Band 5  1,547.903  12.22  18,915 
Band 6  953,666.933  12.10  11,539,370 
Band 7  1,038.586  12.02  12,484 
Band 8  5,610.401  11.94  66,988 
Band 9  56,846.604  11.82  671,927 
Band 10  2,199.964  11.74  25,828 
Band 17  499,062.472  11.99  5,983,759 
Band 19  26,648.804  11.90  317,121 
Band 20  149,934.038  11.71  1,755,728 
Band 22  9,100.910  11.62  105,753 
Band 24  302,923.022  11.88  3,598,726 
Band 25  137,744.662  11.76  1,619,877 
Band 26  14,357.430  11.68  167,695 
Band 27  3,613.227  11.54  41,697 
Band 28  26,948.627  11.51  310,179 
Band 30  63,537.879  9.53  605,516 
Band 31  6,895.955  9.50  65,512 
Band 34  101,003.558  9.76  985,795 
Band 35  32,569.560  9.71  316,250 
  2,406,820.702    $ 28,745,284 

139


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING T. Rowe Price Equity Income Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  1,934.724  $ 28.20  $ 54,559 
Band 3  11,165.791  27.32  305,049 
Band 6  167,344.181  10.78  1,803,970 
Band 7  61.022  10.69  652 
Band 8  975.173  10.60  10,337 
Band 9  46,061.130  10.48  482,721 
Band 10  490.987  10.39  5,101 
Band 17  125,883.951  10.50  1,321,781 
Band 19  15,239.132  10.42  158,792 
Band 20  28,261.424  10.22  288,832 
Band 22  5,964.601  10.14  60,481 
Band 24  112,821.244  10.39  1,172,213 
Band 25  162,121.435  10.28  1,666,608 
Band 26  7,883.864  10.19  80,337 
Band 27  1,828.249  10.06  18,392 
Band 28  5,278.523  10.03  52,944 
Band 30  65,908.893  8.07  531,885 
Band 31  75,736.432  8.03  608,164 
Band 34  56,836.013  8.37  475,717 
Band 35  4,141.495  8.33  34,499 
  895,938.264    $ 9,133,034 
ING Templeton Global Growth Portfolio - Service Class       
Contracts in accumulation period:       
Band 1  2,584.243  $ 21.26  $ 54,941 
Band 3  19,928.484  20.71  412,719 
Band 6  134,065.064  10.91  1,462,650 
Band 8  14,557.497  10.75  156,493 
Band 9  68,903.883  10.65  733,826 
Band 17  83,214.412  10.80  898,716 
Band 19  4,647.450  10.73  49,867 
Band 20  9,236.826  10.55  97,449 
Band 22  2,134.530  10.47  22,349 
Band 24  92,162.002  10.70  986,133 
Band 25  43,707.435  10.60  463,299 
Band 26  920.220  10.52  9,681 
Band 27  2,163.850  10.40  22,504 
Band 28  4,788.170  10.37  49,653 
Band 34  13,689.976  8.60  117,734 
Band 35  523.891  8.56  4,485 
  497,227.933    $ 5,542,499 

140


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract  Units  Unit Value  Extended Value 
ING Van Kampen Global Franchise Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  785.882  $ 12.34  $ 9,698 
Band 6  52,710.490  12.43  655,191 
Band 7  80.977  12.34  999 
Band 9  7,151.815  12.14  86,823 
Band 17  96,622.154  12.31  1,189,419 
Band 19  307.367  12.22  3,756 
Band 20  29,843.813  12.02  358,723 
Band 24  67,109.158  12.19  818,061 
Band 25  62,313.085  12.07  752,119 
Band 26  435.818  11.99  5,225 
Band 27  47,083.083  11.84  557,464 
Band 28  5,119.748  11.81  60,464 
Band 34  14,027.414  9.72  136,346 
Band 35  20,729.424  9.67  200,454 
  404,320.228    $ 4,834,742 
ING Van Kampen Global Tactical Asset Allocation Portfolio -       
   Service Class       
Contracts in accumulation period:       
Band 6  1,191.917  $ 12.36  $ 14,732 
Band 17  4,396.374  12.34  54,251 
Band 19  561.825  12.32  6,922 
Band 20  687.115  12.28  8,438 
Band 24  7,950.381  12.31  97,869 
Band 25  85,335.962  12.29  1,048,779 
Band 34  1,869.749  12.37  23,129 
Band 35  35.513  12.34  438 
  102,028.836    $ 1,254,558 
ING Van Kampen Growth and Income Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 1  103.534  $ 27.12  $ 2,808 
Band 2  566.425  9.43  5,341 
Band 3  20,365.028  26.47  539,062 
Band 4  52.320  9.37  490 
Band 5  567.484  10.68  6,061 
Band 6  64,673.132  10.58  684,242 
Band 8  1,028.732  10.43  10,730 
Band 9  12,326.611  10.33  127,334 
Band 10  146.512  10.25  1,502 
Band 17  56,909.810  10.47  595,846 
Band 19  2,861.009  10.40  29,754 
Band 20  4,153.297  10.23  42,488 
Band 22  890.884  10.15  9,042 
Band 24  26,389.286  10.38  273,921 
Band 25  11,649.635  10.28  119,758 
Band 26  7,317.371  10.20  74,637 
Band 27  541.741  10.08  5,461 
Band 34  1,223.163  8.84  10,813 
Band 35  299.360  8.80  2,634 
  212,065.334    $ 2,541,924 

141


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Wells Fargo Small Cap Disciplined Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 1  453.294  $ 9.31  $ 4,220 
Band 6  23,706.735  9.31  220,710 
Band 9  2,229.215  9.12  20,330 
Band 17  7,193.118  9.23  66,392 
Band 19  539.082  9.18  4,949 
Band 20  4,309.872  9.04  38,961 
Band 24  11,170.307  9.16  102,320 
Band 25  170.447  9.08  1,548 
Band 35  185.927  12.81  2,382 
  49,957.997    $ 461,812 
ING American Century Small-Mid Cap Value Portfolio -       
   Service Class       
Contracts in accumulation period:       
Band 30  29,134.645  $ 9.44  $ 275,031 
Band 31  28,838.338  9.39  270,792 
  57,972.983    $ 545,823 
ING Baron Small Cap Growth Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  93.840  $ 10.10  $ 948 
Band 5  258.829  10.27  2,658 
Band 6  299,657.417  10.18  3,050,513 
Band 8  551.545  10.03  5,532 
Band 9  14,473.062  9.94  143,862 
Band 10  181.793  9.87  1,794 
Band 17  284,428.053  10.08  2,867,035 
Band 19  13,745.246  10.01  137,590 
Band 20  50,305.654  9.84  495,008 
Band 22  3,093.492  9.77  30,223 
Band 24  110,809.897  9.98  1,105,883 
Band 25  92,399.309  9.89  913,829 
Band 26  6,318.114  9.82  62,044 
Band 27  7,285.209  9.70  70,667 
Band 28  14,320.863  9.68  138,626 
Band 30  54,458.862  8.10  441,117 
Band 31  53,199.929  8.06  428,791 
Band 34  19,706.486  8.54  168,293 
Band 35  2,440.584  8.50  20,745 
  1,027,728.184    $ 10,085,158 

142


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract         Units  Unit Value  Extended Value 
ING Columbia Small Cap Value Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  319.813  $ 8.27  $ 2,645 
Band 6  107,163.123  8.20  878,738 
Band 9  6,745.283  8.05  54,300 
Band 17  101,684.120  8.14  827,709 
Band 19  2,647.501  8.10  21,445 
Band 20  28,857.213  7.99  230,569 
Band 22  963.762  7.95  7,662 
Band 24  92,399.207  8.08  746,586 
Band 25  69,844.702  8.02  560,155 
Band 26  7,601.499  7.98  60,660 
Band 27  14,465.999  7.90  114,281 
Band 28  18,128.442  7.89  143,033 
Band 29  894.399  7.84  7,012 
Band 34  1,459.932  8.70  12,701 
Band 35  2,922.298  8.66  25,307 
  456,097.293    $ 3,692,803 
ING Davis New York Venture Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  250,803.705  $ 8.94  $ 2,242,185 
Band 7  1,162.476  8.89  10,334 
Band 9  37,350.142  8.76  327,187 
Band 17  272,723.331  8.87  2,419,056 
Band 19  783.722  8.81  6,905 
Band 20  41,818.954  8.69  363,407 
Band 22  8,373.615  8.63  72,264 
Band 24  195,382.685  8.80  1,719,368 
Band 25  147,777.343  8.72  1,288,618 
Band 26  5,365.940  8.67  46,523 
Band 27  27,806.481  8.58  238,580 
Band 28  13,509.842  8.56  115,644 
Band 30  22,478.950  8.18  183,878 
Band 31  30,500.225  8.15  248,577 
Band 34  11,677.718  8.41  98,210 
Band 35  5,405.382  8.37  45,243 
  1,072,920.511    $ 9,425,979 

143


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING JPMorgan Mid Cap Value Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  1,822.943  $ 14.56  $ 26,542 
Band 6  53,374.164  14.33  764,852 
Band 7  89.826  14.17  1,273 
Band 8  4,233.420  14.01  59,310 
Band 9  14,198.641  13.79  195,799 
Band 10  1,270.875  13.63  17,322 
Band 17  20,518.431  11.32  232,269 
Band 19  3,271.053  11.23  36,734 
Band 20  10,123.593  11.02  111,562 
Band 24  19,478.633  11.20  218,161 
Band 25  27,880.051  11.08  308,911 
Band 26  572.470  10.99  6,291 
Band 27  5,828.544  10.84  63,181 
Band 28  6,895.308  10.81  74,538 
Band 30  7,149.822  8.42  60,202 
Band 31  20,846.977  8.38  174,698 
Band 34  40,603.422  8.60  349,189 
Band 35  5,634.529  8.56  48,232 
  243,792.702    $ 2,749,066 
ING Legg Mason Partners Aggressive Growth Portfolio -       
   Service Class       
Contracts in accumulation period:       
Band 5  574.357  $ 10.69  $ 6,140 
Band 6  20,747.455  10.55  218,886 
Band 8  1,673.500  10.35  17,321 
Band 9  6,079.138  10.22  62,129 
Band 17  37,382.560  9.87  368,966 
Band 19  491.254  9.79  4,809 
Band 20  4,804.102  9.61  46,167 
Band 22  398.984  9.53  3,802 
Band 24  32,090.808  9.76  313,206 
Band 25  11,484.700  9.66  110,942 
Band 26  7,469.936  9.58  71,562 
Band 28  950.088  9.42  8,950 
  124,146.882    $ 1,232,880 
ING Oppenheimer Global Portfolio - Initial Class       
Contracts in accumulation period:       
Band 5  2,192.002  $ 12.08  $ 26,479 
Band 6  1,863.704  11.97  22,309 
Band 8  2,215.973  11.80  26,148 
Band 9  2,654.231  11.69  31,028 
Band 17  2,942.525  11.86  34,898 
Band 20  1,621.904  11.58  18,782 
Band 24  489.643  11.74  5,748 
  13,979.982    $ 165,392 

144


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract  Units  Unit Value  Extended Value 
ING Oppenheimer Global Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  2,278.741  $ 11.73  $ 26,730 
Band 5  104.070  13.79  1,435 
Band 6  148,539.559  13.57  2,015,682 
Band 8  14,568.485  13.27  193,324 
Band 9  68,485.123  13.06  894,416 
Band 17  112,931.863  12.75  1,439,881 
Band 19  5,850.994  12.65  74,015 
Band 20  39,986.651  12.41  496,234 
Band 22  4,851.383  12.31  59,721 
Band 24  138,300.977  12.62  1,745,358 
Band 25  46,344.693  12.48  578,382 
Band 26  8,805.101  12.38  109,007 
Band 27  10,930.834  12.21  133,465 
Band 28  2,849.094  12.17  34,673 
Band 30  43,355.066  8.58  371,986 
Band 31  29,176.838  8.54  249,170 
Band 34  6,511.355  9.01  58,667 
Band 35  1,311.527  8.97  11,764 
  685,182.354    $ 8,493,910 
ING Oppenheimer Strategic Income Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  4,453.395  $ 10.60  $ 47,206 
Band 31  6,076.270  10.55  64,105 
  10,529.665    $ 111,311 
ING PIMCO Total Return Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  14,463.099  $ 11.69  $ 169,074 
Band 31  5,446.471  11.64  63,397 
  19,909.570    $ 232,471 
ING Solution 2015 Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  5,334.679  $ 9.13  $ 48,706 
Band 31  14,375.443  9.09  130,673 
  19,710.122    $ 179,379 
ING Solution 2025 Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  57,456.199  $ 8.56  $ 491,825 
Band 31  82,101.504  8.52  699,505 
  139,557.703    $ 1,191,330 
ING Solution 2035 Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  3,587.878  $ 8.41  $ 30,174 
Band 31  10,119.245  8.37  84,698 
  13,707.123    $ 114,872 

145


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Solution 2045 Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  2,126.367  $ 8.20  $ 17,436 
 
ING Solution Income Portfolio - Service Class       
Contracts in accumulation period:       
Band 31  8,964.328  $ 9.86  $ 88,388 
 
ING T. Rowe Price Diversified Mid Cap Growth Portfolio -       
   Service Class       
Contracts in accumulation period:       
Band 30  96,708.740  $ 8.78  $ 849,103 
Band 31  45,638.333  8.74  398,879 
  142,347.073    $ 1,247,982 
ING T. Rowe Price Growth Equity Portfolio - Service Class       
Contracts in accumulation period:       
Band 6  53,007.023  $ 8.16  $ 432,537 
Band 9  1,376.515  8.06  11,095 
Band 17  204,483.076  8.12  1,660,403 
Band 19  1,430.519  8.09  11,573 
Band 20  25,387.919  8.01  203,357 
Band 22  3,232.808  7.98  25,798 
Band 24  11,758.079  8.08  95,005 
Band 25  30,211.479  8.03  242,598 
Band 28  2,077.649  7.93  16,476 
Band 30  27,721.716  8.70  241,179 
Band 31  59,543.400  8.65  515,050 
Band 34  2,878.406  8.96  25,791 
  423,108.589    $ 3,480,862 
ING Templeton Foreign Equity Portfolio - Service Class       
Contracts in accumulation period:       
Band 3  2,656.073  $ 9.67  $ 25,684 
Band 5  820.732  9.80  8,043 
Band 6  143,271.925  9.73  1,394,036 
Band 8  36,733.679  9.62  353,378 
Band 9  180,249.495  9.55  1,721,383 
Band 17  187,735.339  9.65  1,811,646 
Band 19  6,642.900  9.60  63,772 
Band 20  29,541.609  9.47  279,759 
Band 22  1,178.171  9.42  11,098 
Band 24  102,533.447  9.58  982,270 
Band 25  124,512.565  9.51  1,184,114 
Band 26  3,436.525  9.46  32,510 
Band 27  6,289.868  9.37  58,936 
Band 28  996.347  9.35  9,316 
Band 30  25,724.239  8.15  209,653 
Band 31  15,754.272  8.12  127,925 
Band 34  1,738.573  8.48  14,743 
Band 35  1,249.655  8.44  10,547 
  871,065.414    $ 8,298,813 

146


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Thornburg Value Portfolio - Initial Class       
Contracts in accumulation period:       
Band 9  214.119  $ 8.66  $ 1,854 
 
ING Thornburg Value Portfolio - Service Class       
Contracts in accumulation period:       
Band 30  3,799.738  $ 8.79  $ 33,400 
Band 31  17,280.165  8.75  151,201 
  21,079.903    $ 184,601 
ING UBS U.S. Large Cap Equity Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  597.958  $ 10.55  $ 6,308 
Band 6  11,781.850  10.43  122,885 
Band 8  147.103  10.25  1,508 
Band 9  1,527.016  10.13  15,469 
Band 17  15,446.157  10.28  158,786 
Band 20  1,966.786  10.00  19,668 
Band 22  35.691  9.92  354 
Band 24  6,770.460  10.17  68,856 
Band 25  1,257.775  10.06  12,653 
Band 26  577.321  9.98  5,762 
Band 30  10,189.254  7.82  79,680 
Band 31  12,024.121  7.78  93,548 
  62,321.492    $ 585,477 
ING Van Kampen Comstock Portfolio - Service Class       
Contracts in accumulation period:       
Band 5  7,164.803  $ 11.19  $ 80,174 
Band 6  72,267.114  11.02  796,384 
Band 8  6,688.272  10.77  72,033 
Band 9  4,754.508  10.60  50,398 
Band 17  151,843.795  9.91  1,504,772 
Band 19  12,974.767  9.83  127,542 
Band 20  64,212.762  9.65  619,653 
Band 22  5,418.619  9.57  51,856 
Band 24  79,265.747  9.80  776,804 
Band 25  96,147.706  9.70  932,633 
Band 26  3,021.624  9.62  29,068 
Band 27  2,384.475  9.49  22,629 
Band 28  5,916.608  9.46  55,971 
Band 29  1,868.893  9.38  17,530 
Band 30  278.029  7.82  2,174 
Band 35  1,114.377  8.40  9,361 
  515,322.099    $ 5,148,982 

147


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Van Kampen Equity and Income Portfolio - Service       
   Class       
Contracts in accumulation period:       
Band 3  8,413.283  $ 11.15  $ 93,808 
Band 6  38,726.777  11.23  434,902 
Band 8  2,022.785  11.07  22,392 
Band 9  26,681.724  10.96  292,432 
Band 10  898.173  10.89  9,781 
Band 17  21,415.852  11.12  238,144 
Band 19  1,932.975  11.04  21,340 
Band 20  40,768.393  10.86  442,745 
Band 22  3,658.165  10.78  39,435 
Band 24  56,845.015  11.01  625,864 
Band 25  17,795.666  10.91  194,151 
Band 27  727.295  10.70  7,782 
Band 28  5,313.814  10.67  56,698 
Band 30  37,010.281  9.34  345,676 
Band 31  5,976.915  9.30  55,585 
Band 34  7,908.072  9.54  75,443 
Band 35  1,586.273  9.49  15,054 
  277,681.458    $ 2,971,232 
ING Strategic Allocation Conservative Portfolio - Class S       
Contracts in accumulation period:       
Band 31  33.906  $ 9.06  $ 307 
 
ING Strategic Allocation Growth Portfolio - Class S       
Contracts in accumulation period:       
Band 30  4,328.886  $ 8.23  $ 35,627 
Band 31  10,877.516  8.19  89,087 
  15,206.402    $ 124,714 
ING Strategic Allocation Moderate Portfolio - Class S       
Contracts in accumulation period:       
Band 30  1,809.349  $ 8.67  $ 15,687 
Band 31  1,545.845  8.63  13,341 
  3,355.194    $ 29,028 
ING Growth and Income Portfolio - Class I       
Contracts in accumulation period:       
Band 2  41,845.662  $ 7.89  $ 330,162 
Band 4  117,837.732  7.87  927,383 
  159,683.394    $ 1,257,545 

148


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Growth and Income Portfolio - Class S       
Contracts in accumulation period:       
Band 1  3,296.389  $ 7.85  $ 25,877 
Band 3  21,811.914  7.82  170,569 
Band 5  3,183.055  7.88  25,082 
Band 6  153,189.163  7.85  1,202,535 
Band 8  1,773.088  7.80  13,830 
Band 9  21,522.977  7.77  167,234 
Band 17  111,076.052  7.82  868,615 
Band 19  109.480  7.79  853 
Band 20  25,333.594  7.73  195,829 
Band 22  5,620.817  7.71  43,336 
Band 24  122,892.269  7.78  956,102 
Band 25  43,901.524  7.75  340,237 
Band 26  7,137.715  7.72  55,103 
Band 28  1,651.668  7.67  12,668 
Band 30  7,512.206  8.54  64,154 
Band 31  8,195.446  8.50  69,661 
Band 34  253.335  8.42  2,133 
Band 35  280.534  8.39  2,354 
  538,741.226    $ 4,216,172 
ING GET U.S. Core Portfolio - Series 5       
Contracts in accumulation period:       
Band 5  11,202.726  $ 10.66  $ 119,421 
Band 6  47,229.311  10.54  497,797 
Band 8  76,837.923  10.37  796,809 
Band 9  94,090.894  10.25  964,432 
Band 10  8.323  10.17  85 
Band 17  7,308.118  10.44  76,297 
  236,677.295    $ 2,454,841 
ING GET U.S. Core Portfolio - Series 6       
Contracts in accumulation period:       
Band 5  5,751.135  $ 10.43  $ 59,984 
Band 6  12,634.502  10.32  130,388 
Band 8  2,655.816  10.15  26,957 
Band 9  45,194.597  10.05  454,206 
Band 17  7,278.513  10.21  74,314 
Band 20  38,536.933  9.94  383,057 
Band 22  2,074.748  9.86  20,457 
  114,126.244    $ 1,149,363 
ING GET U.S. Core Portfolio - Series 7       
Contracts in accumulation period:       
Band 6  45,205.466  $ 10.24  $ 462,904 
Band 8  83.237  10.09  840 
Band 9  167,782.633  9.99  1,676,149 
Band 17  5,033.772  10.14  51,042 
Band 20  23,889.874  9.88  236,032 
  241,994.982    $ 2,426,967 

149


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING GET U.S. Core Portfolio - Series 8       
Contracts in accumulation period:       
Band 6  10,139.948  $ 10.29  $ 104,340 
Band 8  1,055.459  10.14  10,702 
Band 9  13,696.151  10.04  137,509 
Band 10  2,625.183  9.97  26,173 
Band 20  10,083.008  9.94  100,225 
  37,599.749    $ 378,949 
ING GET U.S. Core Portfolio - Series 9       
Contracts in accumulation period:       
Band 5  39.370  $ 10.34  $ 407 
Band 8  11,805.463  10.11  119,353 
Band 9  262.839  10.01  2,631 
Band 17  3,981.932  10.15  40,417 
Band 20  6,814.037  9.92  67,595 
  22,903.641    $ 230,403 
ING GET U.S. Core Portfolio - Series 10       
Contracts in accumulation period:       
Band 5  18,118.487  $ 10.16  $ 184,084 
Band 9  387.769  9.86  3,823 
  18,506.256    $ 187,907 
ING GET U.S. Core Portfolio - Series 11       
Contracts in accumulation period:       
Band 5  5,251.381  $ 10.34  $ 54,299 
Band 6  2,056.710  10.25  21,081 
Band 8  2,126.905  10.13  21,546 
Band 9  3,004.916  10.04  30,169 
Band 17  10,092.414  10.17  102,640 
  22,532.326    $ 229,735 
ING GET U.S. Core Portfolio - Series 12       
Contracts in accumulation period:       
Band 8  147.884  $ 10.10  $ 1,494 
Band 9  5,011.799  10.02  50,218 
Band 20  231.454  9.94  2,301 
  5,391.137    $ 54,013 
ING GET U.S. Core Portfolio - Series 13       
Contracts in accumulation period:       
Band 9  58,035.022  $ 9.89  $ 573,966 
Band 17  1,843.309  10.00  18,433 
Band 20  4,005.953  9.82  39,338 
  63,884.284    $ 631,737 

150


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING GET U.S. Core Portfolio - Series 14       
Contracts in accumulation period:       
Band 5  9,257.311  $ 10.17  $ 94,147 
Band 8  59,464.273  10.02  595,832 
Band 9  305,404.930  9.96  3,041,833 
Band 10  34,374.605  9.91  340,652 
Band 17  4,861.473  10.05  48,858 
Band 19  5,996.381  10.00  59,964 
Band 20  471,210.626  9.89  4,660,273 
Band 22  7,536.883  9.85  74,238 
  898,106.482    $ 8,915,797 
ING BlackRock Science and Technology Opportunities       
   Portfolio - Class S       
Contracts in accumulation period:       
Band 1  1,360.188  $ 9.81  $ 13,343 
Band 5  95.223  9.84  937 
Band 6  85,756.134  9.81  841,268 
Band 9  16,750.186  9.73  162,979 
Band 10  1,155.011  9.70  11,204 
Band 17  107,712.280  9.78  1,053,426 
Band 19  12,144.099  9.75  118,405 
Band 20  31,724.077  9.69  307,406 
Band 22  3,161.246  9.67  30,569 
Band 24  71,295.699  9.74  694,420 
Band 25  49,744.843  9.71  483,022 
Band 26  2,675.946  9.68  25,903 
Band 27  19,675.915  9.64  189,676 
Band 28  12,839.823  9.63  123,647 
Band 30  10,422.320  9.92  103,389 
Band 31  36,083.605  9.88  356,506 
Band 34  7,049.913  9.83  69,301 
Band 35  1,996.824  9.78  19,529 
  471,643.332    $ 4,604,930 
ING Dow Jones Euro STOXX 50 Index Portfolio - Class A       
Contracts in accumulation period:       
Band 6  55.571  $ 9.81  $ 545 
Band 24  4,033.789  9.81  39,571 
Band 34  1,112.211  9.82  10,922 
Band 35  242.429  9.81  2,378 
  5,444.000    $ 53,416 

151


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Hang Seng Index Portfolio - Class S       
Contracts in accumulation period:       
Band 6  23,083.183  $ 12.98  $ 299,620 
Band 9  9.506  12.93  123 
Band 17  11,901.432  12.96  154,243 
Band 19  2,489.931  12.94  32,220 
Band 20  5,063.287  12.91  65,367 
Band 22  230.726  12.90  2,976 
Band 24  23,837.338  12.94  308,455 
Band 25  14,845.364  12.92  191,802 
Band 26  401.235  12.91  5,180 
Band 27  44,032.523  12.88  567,139 
Band 28  2,121.007  12.88  27,319 
Band 34  410.635  12.99  5,334 
Band 35  246.946  12.96  3,200 
  128,673.113    $ 1,662,978 
ING Index Plus LargeCap Portfolio - Class S       
Contracts in accumulation period:       
Band 4  278.915  $ 8.59  $ 2,396 
Band 5  8,407.271  9.09  76,422 
Band 6  68,832.604  8.93  614,675 
Band 7  117.539  8.82  1,037 
Band 8  6,690.684  8.71  58,276 
Band 9  15,751.758  8.56  134,835 
Band 10  282.156  8.45  2,384 
Band 17  111,441.857  9.89  1,102,160 
Band 19  206.467  9.81  2,025 
Band 20  9,149.619  9.63  88,111 
Band 22  74.610  9.55  713 
Band 24  43,585.656  9.79  426,704 
Band 25  52,552.378  9.68  508,707 
Band 26  3,152.796  9.60  30,267 
Band 27  290.533  9.47  2,751 
Band 30  22,555.556  7.97  179,768 
Band 31  57,217.523  7.93  453,735 
  400,587.922    $ 3,684,966 

152


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Index Plus MidCap Portfolio - Class S       
Contracts in accumulation period:       
Band 2  100.934  $ 8.92  $ 900 
Band 4  81.713  8.86  724 
Band 5  1,950.220  12.79  24,943 
Band 6  95,085.958  12.58  1,196,181 
Band 8  7,238.831  12.26  88,748 
Band 9  15,664.388  12.05  188,756 
Band 10  138.994  11.90  1,654 
Band 17  137,087.618  11.06  1,516,189 
Band 19  2,898.956  10.97  31,802 
Band 20  15,535.320  10.77  167,315 
Band 22  1,187.723  10.68  12,685 
Band 24  86,548.760  10.94  946,843 
Band 25  58,207.991  10.82  629,810 
Band 26  2,747.915  10.74  29,513 
Band 27  14,443.872  10.59  152,961 
Band 28  1,261.092  10.56  13,317 
Band 30  59,050.992  8.33  491,895 
Band 31  79,809.805  8.29  661,623 
  579,041.082    $ 6,155,859 
ING Index Plus SmallCap Portfolio - Class S       
Contracts in accumulation period:       
Band 2  110.065  $ 8.18  $ 900 
Band 3  466.210  9.44  4,401 
Band 4  29.442  8.12  239 
Band 5  217.839  12.52  2,727 
Band 6  57,348.266  12.31  705,957 
Band 7  92.274  12.15  1,121 
Band 8  9,270.014  12.00  111,240 
Band 9  22,652.766  11.80  267,303 
Band 17  132,273.788  10.26  1,357,129 
Band 19  2,983.564  10.18  30,373 
Band 20  3,098.965  9.99  30,959 
Band 22  671.349  9.90  6,646 
Band 24  111,121.278  10.15  1,127,881 
Band 25  54,142.767  10.04  543,593 
Band 26  2,443.550  9.96  24,338 
Band 27  15,283.470  9.82  150,084 
Band 28  1,018.822  9.80  9,984 
Band 30  27,676.184  7.83  216,705 
Band 31  65,159.878  7.79  507,595 
  506,060.491    $ 5,099,175 

153


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING International Index Portfolio - Class S       
Contracts in accumulation period:       
Band 3  88.478  $ 13.92  $ 1,232 
Band 5  1,250.482  7.67  9,591 
Band 6  237,199.165  7.64  1,812,202 
Band 7  285.126  7.62  2,173 
Band 8  83.445  7.60  634 
Band 9  14,630.922  7.58  110,902 
Band 17  46,792.245  7.62  356,557 
Band 19  375.537  7.60  2,854 
Band 20  3,668.785  7.55  27,699 
Band 22  151.622  7.53  1,142 
Band 24  22,831.617  7.59  173,292 
Band 25  58,474.192  7.56  442,065 
Band 26  3,162.167  7.54  23,843 
Band 27  3,672.454  7.51  27,580 
Band 28  615.723  7.50  4,618 
Band 30  19,154.975  13.96  267,403 
Band 31  35,425.941  13.94  493,838 
Band 34  10,399.008  7.66  79,656 
Band 35  90.020  7.62  686 
  458,351.904    $ 3,837,967 
ING Opportunistic Large Cap Portfolio - Class S       
Contracts in accumulation period:       
Band 6  239.930  $ 7.71  $ 1,850 
Band 8  3,273.503  7.52  24,617 
Band 9  6,198.754  7.39  45,809 
Band 17  721.903  9.36  6,757 
Band 20  2.656  9.11  24 
Band 24  2,053.821  9.26  19,018 
Band 30  2,454.699  7.57  18,582 
Band 31  3,264.379  7.54  24,613 
  18,209.645    $ 141,270 
ING Russell™ Global Large Cap Index 75% Portfolio -       
   Class S       
Contracts in accumulation period:       
Band 6  762.983  $ 13.61  $ 10,384 
Band 17  2,154.698  13.59  29,282 
Band 24  21,362.274  13.56  289,672 
Band 34  3,568.229  13.62  48,599 
Band 35  595.865  13.59  8,098 
  28,444.049    $ 386,035 

154


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Russell™ Large Cap Growth Index Portfolio - Class S       
Contracts in accumulation period:       
Band 5  3,156.729  $ 12.72  $ 40,154 
Band 6  28,779.186  12.70  365,496 
Band 8  4,218.320  12.68  53,488 
Band 9  10,982.220  12.66  139,035 
Band 17  6,237.332  12.68  79,089 
Band 19  531.758  12.67  6,737 
Band 20  3,014.781  12.64  38,107 
Band 22  357.807  12.62  4,516 
Band 24  24,400.194  12.67  309,150 
Band 25  701.200  12.65  8,870 
Band 28  1,581.698  12.60  19,929 
Band 30  304.108  12.73  3,871 
Band 31  786.393  12.71  9,995 
Band 34  3,896.242  12.71  49,521 
  88,947.968    $ 1,127,958 
ING Russell™ Large Cap Index Portfolio - Class S       
Contracts in accumulation period:       
Band 1  425.068  $ 12.88  $ 5,475 
Band 2  18,710.026  11.75  219,843 
Band 3  30,540.508  12.86  392,751 
Band 4  43,916.888  11.75  516,023 
Band 5  1,637.221  8.22  13,458 
Band 6  180,070.947  8.19  1,474,781 
Band 8  13,056.329  8.15  106,409 
Band 9  77,691.016  8.12  630,851 
Band 17  141,699.763  8.16  1,156,270 
Band 19  8,880.000  8.14  72,283 
Band 20  43,806.554  8.09  354,395 
Band 22  4,733.286  8.07  38,198 
Band 24  59,375.535  8.13  482,723 
Band 25  108,772.089  8.11  882,142 
Band 26  558.541  8.08  4,513 
Band 27  7,897.503  8.05  63,575 
Band 28  11,500.322  8.04  92,463 
Band 34  48,793.819  8.21  400,597 
Band 35  4,269.809  8.17  34,884 
  806,335.224    $ 6,941,634 

155


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Russell™ Large Cap Value Index Portfolio - Class S       
Contracts in accumulation period:       
Band 5  964.801  $ 12.54  $ 12,099 
Band 6  43,263.613  12.53  542,093 
Band 8  4,538.362  12.50  56,730 
Band 9  8,870.792  12.48  110,707 
Band 17  19,790.687  12.51  247,581 
Band 19  4,035.018  12.49  50,397 
Band 20  2,795.096  12.46  34,827 
Band 22  552.461  12.45  6,878 
Band 24  18,036.243  12.49  225,273 
Band 25  6,196.411  12.47  77,269 
Band 26  612.755  12.46  7,635 
Band 27  733.430  12.43  9,117 
Band 28  64.437  12.43  801 
Band 34  3,918.073  12.53  49,093 
  114,372.179    $ 1,430,500 
ING Russell™ Mid Cap Growth Index Portfolio - Class S       
Contracts in accumulation period:       
Band 1  4,758.659  $ 13.01  $ 61,910 
Band 3  17,869.329  13.00  232,301 
Band 6  52,320.349  13.01  680,688 
Band 8  801.350  12.98  10,402 
Band 9  21,184.238  12.96  274,548 
Band 10  123.950  12.95  1,605 
Band 17  89,782.152  12.99  1,166,270 
Band 19  1,930.663  12.98  25,060 
Band 20  9,184.272  12.94  118,844 
Band 22  1,046.023  12.93  13,525 
Band 24  28,333.370  12.97  367,484 
Band 25  29,243.540  12.95  378,704 
Band 26  5,600.547  12.94  72,471 
Band 27  3,220.666  12.91  41,579 
Band 28  1,704.382  12.91  22,004 
Band 34  20,824.465  13.02  271,135 
Band 35  312.021  13.00  4,056 
  288,239.976    $ 3,742,586 

156


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING Russell™ Mid Cap Index Portfolio - Class S       
Contracts in accumulation period:       
Band 5  79.820  $ 8.50  $ 678 
Band 6  106,352.033  8.47  900,802 
Band 7  79.444  8.45  671 
Band 9  6,320.494  8.40  53,092 
Band 17  30,500.969  8.44  257,428 
Band 20  3,505.084  8.36  29,303 
Band 24  41,105.939  8.41  345,701 
Band 25  14,608.868  8.38  122,422 
Band 27  6,258.148  8.32  52,068 
Band 34  10,887.087  8.48  92,322 
  219,697.886    $ 1,854,487 
ING Russell™ Small Cap Index Portfolio - Class S       
Contracts in accumulation period:       
Band 3  397.658  $ 8.69  $ 3,456 
Band 5  3,530.310  8.74  30,855 
Band 6  56,687.651  8.71  493,749 
Band 8  2,216.731  8.66  19,197 
Band 9  4,130.320  8.63  35,645 
Band 10  1,816.561  8.61  15,641 
Band 17  32,836.565  8.68  285,021 
Band 19  7,257.597  8.66  62,851 
Band 20  12,850.664  8.60  110,516 
Band 24  39,473.895  8.65  341,449 
Band 25  36,555.710  8.62  315,110 
Band 26  775.361  8.59  6,660 
Band 27  5,239.079  8.56  44,847 
Band 28  415.048  8.55  3,549 
Band 34  15,562.938  8.72  135,709 
Band 35  483.037  8.69  4,198 
  220,229.125    $ 1,908,453 
ING Small Company Portfolio - Class S       
Contracts in accumulation period:       
Band 6  23,571.196  $ 8.99  $ 211,905 
Band 9  9,615.899  8.92  85,774 
Band 17  82,969.086  8.96  743,403 
Band 19  4,481.343  8.94  40,063 
Band 20  19,512.195  8.88  173,268 
Band 22  618.102  8.86  5,476 
Band 24  4,067.168  8.93  36,320 
Band 25  25,581.774  8.90  227,678 
Band 27  1,903.962  8.84  16,831 
Band 28  1,914.592  8.83  16,906 
Band 30  104,700.634  8.70  910,896 
Band 31  64,186.777  8.66  555,857 
Band 34  4,788.061  9.01  43,140 
Band 35  3,737.408  8.97  33,525 
  351,648.197    $ 3,101,042 

157


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ING U.S. Bond Index Portfolio - Class S       
Contracts in accumulation period:       
Band 5  662.792  $ 10.68  $ 7,079 
Band 6  66,817.646  10.64  710,940 
Band 7  614.658  10.62  6,528 
Band 8  5,987.608  10.59  63,409 
Band 9  40,996.790  10.55  432,516 
Band 17  107,574.420  10.61  1,141,365 
Band 19  685.130  10.58  7,249 
Band 20  11,668.542  10.51  122,636 
Band 22  213.438  10.48  2,237 
Band 24  78,078.118  10.57  825,286 
Band 25  101,589.869  10.53  1,069,741 
Band 26  784.252  10.50  8,235 
Band 27  21,640.853  10.46  226,363 
Band 28  11,553.824  10.45  120,737 
Band 30  35,622.400  10.69  380,803 
Band 31  3,887.281  10.65  41,400 
Band 34  29,052.319  10.66  309,698 
Band 35  6,258.530  10.62  66,466 
  523,688.470    $ 5,542,688 
ING WisdomTreeSM Global High-Yielding Equity Index       
   Portfolio - Class S       
Contracts in accumulation period:       
Band 6  199,496.804  $ 7.81  $ 1,558,070 
Band 9  68,410.673  7.73  528,815 
Band 17  89,813.744  7.78  698,751 
Band 19  3,732.241  7.76  28,962 
Band 20  43,490.616  7.70  334,878 
Band 22  1,594.882  7.68  12,249 
Band 24  101,630.417  7.75  787,636 
Band 25  241,225.198  7.72  1,862,259 
Band 26  6,958.410  7.70  53,580 
Band 27  9,821.418  7.66  75,232 
Band 28  19,586.596  7.65  149,837 
Band 34  9,567.003  7.72  73,857 
Band 35  12,568.600  7.68  96,527 
  807,896.602    $ 6,260,653 
ING International Value Portfolio - Class S       
Contracts in accumulation period:       
Band 30  51,458.692  $ 8.04  $ 413,728 
Band 31  73,814.806  8.00  590,518 
  125,273.498    $ 1,004,246 

158


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract  Units  Unit Value  Extended Value 
ING MidCap Opportunities Portfolio - Class S       
Contracts in accumulation period:       
Band 1  10,956.712  $ 9.27  $ 101,569 
Band 2  3,549.181  9.03  32,049 
Band 3  49,288.319  9.15  450,988 
Band 4  30,970.161  9.00  278,731 
Band 6  57,256.776  9.03  517,029 
Band 9  1,704.248  8.95  15,253 
Band 17  85,290.650  9.00  767,616 
Band 19  666.789  8.97  5,981 
Band 20  18,595.429  8.92  165,871 
Band 24  25,758.480  8.97  231,054 
Band 25  5,169.092  8.94  46,212 
Band 27  6,371.372  8.87  56,514 
Band 28  586.206  8.87  5,200 
Band 30  43,855.402  9.98  437,677 
Band 31  92,992.101  9.93  923,412 
Band 34  170.421  9.52  1,622 
Band 35  615.962  9.49  5,845 
  433,797.301    $ 4,042,623 
ING SmallCap Opportunities Portfolio - Class S       
Contracts in accumulation period:       
Band 6  8,637.628  $ 12.03  $ 103,911 
Band 9  4.302  11.75  51 
Band 10  110.392  11.67  1,288 
Band 17  10,053.019  11.92  119,832 
Band 20  4,870.849  11.64  56,697 
Band 24  3,111.082  11.80  36,711 
Band 25  3,663.393  11.69  42,825 
Band 26  2,074.007  11.61  24,079 
Band 30  18,955.010  8.63  163,582 
Band 31  20,067.691  8.58  172,181 
  71,547.373    $ 721,157 
Legg Mason ClearBridge Variable Investors Portfolio       
Contracts in accumulation period:       
Band 2  13,193.214  $ 7.61  $ 100,400 
Band 4  27,583.344  7.58  209,082 
  40,776.558    $ 309,482 
Legg Mason Global Currents Variable International All Cap       
   Opportunity Portfolio       
Contracts in accumulation period:       
Band 2  2,446.116  $ 13.36  $ 32,680 
Band 4  6,525.571  13.07  85,289 
  8,971.687    $ 117,969 

159


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

Division/Contract  Units  Unit Value  Extended Value 
Legg Mason Variable Lifestyle Allocation 50%       
Contracts in accumulation period:       
Band 2  9,085.172  $ 15.44  $ 140,275 
Band 4  73,445.643  15.14  1,111,967 
  82,530.815    $ 1,252,242 
Legg Mason Variable Lifestyle Allocation 70%       
Contracts in accumulation period:       
Band 2  8,193.285  $ 13.21  $ 108,233 
Band 4  31,865.985  12.95  412,665 
  40,059.270    $ 520,898 
Legg Mason Variable Lifestyle Allocation 85%       
Contracts in accumulation period:       
Band 2  4,528.643  $ 12.82  $ 58,057 
Band 4  16,141.662  12.57  202,901 
  20,670.305    $ 260,958 
Legg Mason Western Asset Variable High Income Portfolio       
Contracts in accumulation period:       
Band 2  6,152.069  $ 18.82  $ 115,782 
Band 4  3,624.726  18.41  66,731 
  9,776.795    $ 182,513 
Legg Mason Western Asset Variable Money Market Portfolio       
Contracts in accumulation period:       
Band 2  2,335.932  $ 13.69  $ 31,979 
Band 4  4,496.596  13.38  60,164 
  6,832.528    $ 92,143 
Oppenheimer Main Street Small Cap Fund®/VA - Service       
   Class       
Contracts in accumulation period:       
Band 30  7,384.395  $ 8.28  $ 61,143 
Band 31  4,516.652  8.24  37,217 
  11,901.047    $ 98,360 
PIMCO Real Return Portfolio - Administrative Class       
Contracts in accumulation period:       
Band 30  7,246.029  $ 11.55  $ 83,692 
Band 31  9,013.064  11.49  103,560 
  16,259.093    $ 187,252 
Pioneer Equity Income VCT Portfolio - Class II       
Contracts in accumulation period:       
Band 30  110,764.136  $ 7.74  $ 857,314 
Band 31  86,855.706  7.70  668,789 
  197,619.842    $ 1,526,103 

160


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

                                               Division/Contract  Units  Unit Value  Extended Value 
ProFund VP Bull       
Contracts in accumulation period:       
Band 6  416.052  $ 7.84  $ 3,262 
Band 9  681.571  7.51  5,119 
Band 17  522.908  9.47  4,952 
Band 24  2,983.478  9.37  27,955 
Band 25  1,791.126  9.27  16,604 
  6,395.135    $ 57,892 
ProFund VP Europe 30       
Contracts in accumulation period:       
Band 6  927.502  $ 9.50  $ 8,811 
Band 8  237.391  9.26  2,198 
Band 9  385.020  9.09  3,500 
Band 17  1,621.676  11.35  18,406 
Band 20  2,688.086  11.05  29,703 
Band 24  531.650  11.23  5,970 
  6,391.325    $ 68,588 
ProFund VP Rising Rates Opportunity       
Contracts in accumulation period:       
Band 5  679.116  $ 6.19  $ 4,204 
Band 6  6,935.295  6.11  42,375 
Band 9  2,787.002  5.92  16,499 
Band 10  1,990.862  5.86  11,666 
Band 19  1,480.050  6.86  10,153 
Band 20  11,771.804  6.73  79,224 
Band 24  3,543.325  6.84  24,236 
Band 25  4,092.384  6.77  27,705 
  33,279.838    $ 216,062 

161


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

10.  Financial Highlights                         
 
  A summary of unit values, units outstanding and net assets for variable annuity contracts, expense ratios, excluding expenses of 
  underlying funds, investment income ratios, and total return for the years ended December 31, 2009, 2008, 2007, 2006 and 2005, 
  follows:                         
 
              Investment             
    Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
    (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
  AIM V.I. Leisure Fund - Series I Shares                         
 

2009 

 17  $9.83  to  $10.42  $173  1.95%  1.25%  to  2.10%  30.03%  to  31.07% 
 

2008 

 18  $7.56  to  $7.95  $135  0.93%  1.25%  to  2.10%  -44.25%  to  -43.74% 
 

2007 

 22  $13.46  to  $14.13  $295  1.47%  1.25%  to  2.45%  -3.17%  to  -2.08% 
 

2006 

 27  $13.90  to  $14.43  $386  1.27%  1.25%  to  2.45%  21.80%  to  23.02% 
 

2005 

 24  $11.41  to  $11.73  $275  2.03%  1.25%  to  2.45%  -2.95%  to  -2.87% 
  BlackRock Global Allocation V.I. Fund - Class III                         
 

2009 

 1,505  $9.38  to  $9.57  $14,303  2.32%  1.15%  to  2.45%  18.14%  to  19.48% 
 

2008 

 723  $7.94  to  $8.01  $5,770  (d)  1.15%  to  2.45%    (d)   
 

2007 

    (d)    (d)    (d)  (d)    (d)      (d)   
 

2006 

    (d)    (d)    (d)  (d)    (d)      (d)   
 

2005 

    (d)    (d)    (d)  (d)    (d)      (d)   
  Columbia Small Cap Value Fund, Variable Series -                         
  Class B                         
 

2009 

 87  $10.90  to  $11.30  $970  0.89%  1.25%  to  2.00%  22.47%  to  23.50% 
 

2008 

 92  $8.90  to  $9.15  $832  0.46%  1.25%  to  2.00%  -29.59%  to  -29.07% 
 

2007 

 105  $12.53  to  $12.97  $1,339  0.29%  1.05%  to  2.45%  -4.86%  to  -3.64% 
 

2006 

 105  $13.17  to  $13.46  $1,397  0.41%  1.05%  to  2.45%  16.65%  to  17.84% 
 

2005 

 71  $11.29  to  $11.38  $810  (a)  1.25%  to  2.45%    (a)   
  Fidelity® VIP Equity-Income Portfolio - Service                         
  Class 2                         
 

2009 

 678  $7.25  to  $10.08  $5,909  2.06%  1.00%  to  2.45%  26.82%  to  28.57% 
 

2008 

 618  $5.65  to  $7.84  $4,368  2.66%  1.00%  to  2.45%  -44.12%  to  -43.39% 
 

2007 

 483  $13.01  to  $13.85  $6,472  1.86%  1.05%  to  2.45%  -1.06%  to  0.14% 
 

2006 

 374  $13.01  to  $13.83  $5,024  2.86%  1.05%  to  2.45%  17.28%  to  18.71% 
 

2005 

 275  $11.21  to  $11.65  $3,121  1.06%  1.05%  to  2.25%  3.51%  to  4.48% 

162


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
Fidelity® VIP Contrafund® Portfolio - Service Class 2                         
       2009  2,472  $8.38  to  $14.12  $28,343  1.16%  1.00%  to  2.60%  32.10%  to  34.12% 
       2008  2,390  $6.27  to  $10.53  $21,121  1.15%  1.00%  to  2.60%  -44.07%  to  -43.25% 
       2007  1,169  $11.26  to  $18.57  $19,975  0.86%  1.00%  to  2.60%  14.52%  to  16.06% 
       2006  852  $13.15  to  $16.00  $12,705  1.09%  1.05%  to  2.45%  8.88%  to  10.27% 
       2005  344  $11.97  to  $14.51  $4,669  0.04%  1.05%  to  2.45%  14.20%  to  15.43% 
Franklin Small Cap Value Securities Fund - Class 2                         
       2009  137  $8.23  to  $8.27  $1,133  2.01%  1.00%  to  1.20%  27.60%  to  27.82% 
       2008  87  $6.45  to  $6.47  $559  (d)  1.00%  to  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   
ING Balanced Portfolio - Class S                         
       2009  30  $8.68  to  $9.14  $261  4.58%  1.00%  to  1.95%  16.62%  to  17.84% 
       2008  23  $7.38  to  $7.77  $176  2.84%  1.00%  to  1.95%  -29.68%  to  -29.04% 
       2007  23  $10.72  to  $10.95  $247  2.81%  1.05%  to  2.25%  2.88%  to  4.19% 
       2006  31  $10.42  to  $10.51  $323  (b)  1.05%  to  2.25%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   
ING Intermediate Bond Portfolio - Class S                         
       2009  1,908  $9.75  to  $10.82  $19,825  6.53%  1.00%  to  2.45%  8.64%  to  10.26% 
       2008  1,654  $8.89  to  $9.76  $15,658  7.56%  1.00%  to  2.45%  -10.75%  to  -9.57% 
       2007  745  $10.24  to  $10.87  $8,008  4.77%  1.00%  to  2.45%  3.24%  to  4.52% 
       2006  374  $10.18  to  $10.40  $3,858  6.02%  1.05%  to  2.45%  1.39%  to  2.47% 
       2005  109  $10.04  to  $10.11  $1,099  (a)  1.25%  to  2.25%    (a)   
ING American Funds Asset Allocation Portfolio                         
       2009  879  $8.61  to  $8.78  $7,678  1.63%  1.15%  to  2.45%  20.56%  to  21.94% 
       2008  261  $7.14  to  $7.20  $1,874  (d)  1.15%  to  2.45%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   

163


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING American Funds Bond Portfolio                         
       2009  1,730  $9.61  to  $9.93  $16,872  4.25%  1.00%  to  2.45%  9.57%  to  11.04% 
       2008  1,198  $8.77  to  $8.96  $10,588  (d)  1.00%  to  2.45%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   
ING American Funds Growth Portfolio                         
       2009  4,373  $8.02  to  $12.40  $49,309  1.84%  1.00%  to  2.45%  35.56%  to  37.17% 
       2008  4,154  $5.85  to  $9.04  $34,496  0.89%  1.00%  to  2.45%  -45.58%  to  -44.83% 
       2007  2,762  $10.64  to  $16.39  $42,613  0.25%  1.00%  to  2.60%  9.20%  to  10.59% 
       2006  1,846  $10.93  to  $14.82  $25,908  0.17%  1.05%  to  2.45%  7.10%  to  8.49% 
       2005  831  $12.68  to  $13.66  $10,807  -  1.05%  to  2.45%  13.18%  to  14.41% 
ING American Funds Growth-Income Portfolio                         
       2009  2,891  $8.01  to  $11.54  $29,948  2.32%  1.00%  to  2.45%  27.50%  to  29.23% 
       2008  2,703  $6.21  to  $8.93  $21,901  1.58%  1.00%  to  2.45%  -39.62%  to  -38.84% 
       2007  2,009  $10.17  to  $14.60  $27,024  1.01%  1.05%  to  2.60%  2.08%  to  3.33% 
       2006  1,520  $11.32  to  $14.13  $19,830  0.67%  1.05%  to  2.45%  11.99%  to  13.40% 
       2005  826  $11.17  to  $12.46  $9,574  0.26%  1.05%  to  2.45%  3.13%  to  4.27% 
ING American Funds International Portfolio                         
       2009  2,202  $8.80  to  $18.13  $31,004  3.32%  1.00%  to  2.60%  38.88%  to  40.91% 
       2008  2,000  $6.27  to  $12.87  $20,501  2.10%  1.00%  to  2.60%  -43.87%  to  -43.08% 
       2007  1,288  $14.57  to  $22.61  $25,141  0.87%  1.05%  to  2.60%  16.66%  to  18.13% 
       2006  769  $12.35  to  $19.14  $12,769  0.68%  1.05%  to  2.45%  15.65%  to  17.14% 
       2005  379  $13.55  to  $16.34  $5,458  0.43%  1.05%  to  2.45%  18.54%  to  19.62% 
ING American Funds World Allocation Portfolio -                         
   Service Class                         
       2009  82  $13.92  to  $14.07  $1,156  (e)  1.15%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   

164


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Artio Foreign Portfolio - Service Class                         
       2009  907  $7.28  to  $13.72  $11,718  3.11%  1.15%  to  2.60%  17.33%  to  18.83% 
       2008  1,078  $6.14  to  $11.56  $11,783  -  1.15%  to  2.60%  -45.03%  to  -44.32% 
       2007  761  $17.35  to  $21.00  $15,185  0.07%  1.05%  to  2.60%  13.73%  to  15.26% 
       2006  366  $15.11  to  $18.22  $6,379  -  1.05%  to  2.45%  26.26%  to  27.56% 
       2005  152  $11.86  to  $14.15  $2,083  -  1.25%  to  2.45%  13.15%  to  13.93% 
ING BlackRock Inflation Protected Bond Portfolio -                         
   Service Class                         
       2009  703  $10.52  to  $10.62  $7,432  (e)  1.00%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING BlackRock Large Cap Growth Portfolio - Service                         
   Class                         
       2009  292  $8.16  to  $10.14  $2,877  0.31%  1.00%  to  2.45%  27.16%  to  28.93% 
       2008  218  $6.36  to  $7.87  $1,680  -  1.00%  to  2.45%  -40.49%  to  -39.74% 
       2007  92  $12.62  to  $13.06  $1,193  -  1.05%  to  2.45%  4.61%  to  5.66% 
       2006  43  $12.16  to  $12.36  $522  -  1.05%  to  2.00%  5.00%  to  6.00% 
       2005  23  $11.59  to  $11.66  $267  (a)  1.05%  to  1.95%    (a)   
ING BlackRock Large Cap Value Portfolio - Service                         
   Class                         
       2009  46  $8.99  to  $9.43  $434  0.49%  1.25%  to  2.25%  10.31%  to  11.47% 
       2008  46  $8.15  to  $8.46  $389  0.38%  1.25%  to  2.25%  -36.77%  to  -36.15% 
       2007  50  $12.87  to  $13.32  $654  0.38%  1.05%  to  2.45%  1.90%  to  3.18% 
       2006  32  $12.63  to  $12.91  $410  0.54%  1.05%  to  2.45%  13.68%  to  14.82% 
       2005  14  $11.11  to  $11.20  $152  (a)  1.25%  to  2.45%    (a)   
ING Clarion Global Real Estate Portfolio - Service                         
   Class                         
       2009  701  $7.50  to  $9.54  $6,030  2.36%  1.00%  to  2.45%  30.26%  to  32.11% 
       2008  640  $5.69  to  $7.24  $4,297  -  1.00%  to  2.45%  -42.58%  to  -41.99% 
       2007  287  $12.26  to  $12.48  $3,556  3.45%  1.25%  to  2.45%  -9.38%  to  -8.50% 
       2006  148  $13.54  to  $13.64  $2,017  (b)  1.25%  to  2.25%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   

165


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Clarion Real Estate Portfolio - Service Class                         
       2009  316  $8.93  to  $55.00  $4,221  3.55%  1.05%  to  2.60%  32.49%  to  34.53% 
       2008  341  $8.71  to  $40.99  $3,392  1.31%  1.05%  to  2.60%  -40.01%  to  -39.19% 
       2007  390  $14.52  to  $67.51  $6,415  1.30%  1.05%  to  2.60%  -19.66%  to  -18.60% 
       2006  242  $13.58  to  $83.11  $4,966  1.09%  1.05%  to  2.45%  34.52%  to  36.19% 
       2005  128  $13.50  to  $61.15  $2,090  1.16%  1.05%  to  2.45%  14.51%  to  15.33% 
ING Evergreen Health Sciences Portfolio - Service                         
   Class                         
       2009  441  $8.91  to  $11.74  $4,980  -  1.05%  to  2.45%  17.33%  to  18.77% 
       2008  446  $7.55  to  $9.92  $4,254  0.17%  1.05%  to  2.45%  -30.34%  to  -29.40% 
       2007  285  $12.80  to  $14.12  $3,819  0.12%  1.05%  to  2.45%  6.03%  to  7.36% 
       2006  233  $12.00  to  $13.20  $2,896  -  1.05%  to  2.45%  11.27%  to  12.72% 
       2005  119  $10.72  to  $11.76  $1,324  -  1.05%  to  2.45%  8.35%  to  9.26% 
ING Evergreen Omega Portfolio - Service Class                         
       2009  135  $10.53  to  $14.86  $1,711  0.42%  1.00%  to  2.45%  39.61%  to  40.89% 
       2008  22  $7.48  to  $9.45  $199  -  1.05%  to  1.95%  -28.98%  to  -28.29% 
       2007  12  $12.16  to  $13.23  $157  -  1.05%  to  1.95%  9.51%  to  10.44% 
       2006  7  $11.09  to  $12.02  $82  -  1.05%  to  2.25%  3.24%  to  4.44% 
       2005  7  $10.69  to  $11.56  $77  (a)  1.05%  to  2.25%    (a)   
ING FMRSM Diversified Mid Cap Portfolio - Service                         
   Class                         
       2009  658  $9.02  to  $13.97  $8,175  0.45%  1.15%  to  2.45%  35.94%  to  37.50% 
       2008  714  $6.56  to  $10.16  $6,499  0.83%  1.15%  to  2.45%  -40.55%  to  -39.92% 
       2007  576  $14.60  to  $16.91  $8,840  0.16%  1.05%  to  2.45%  11.86%  to  13.09% 
       2006  385  $13.05  to  $14.96  $5,132  -  1.05%  to  2.45%  9.30%  to  10.57% 
       2005  159  $11.94  to  $13.53  $1,952  -  1.05%  to  2.45%  15.19%  to  15.44% 
ING Focus 5 Portfolio - Service Class                         
       2009  220  $6.56  to  $7.72  $1,486  -  1.15%  to  2.45%  19.02%  to  20.44% 
       2008  226  $5.51  to  $6.41  $1,275  3.34%  1.20%  to  2.45%  -44.40%  to  -43.82% 
       2007  46  $9.91  to  $9.95  $459  (c)  1.25%  to  2.45%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   

166


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Franklin Income Portfolio - Service Class                         
       2009  2,033  $9.42  to  $10.17  $20,175  6.84%  1.05%  to  2.45%  29.05%  to  30.49% 
       2008  1,185  $7.23  to  $7.74  $9,080  3.49%  1.15%  to  2.45%  -30.95%  to  -30.21% 
       2007  865  $10.89  to  $11.12  $9,530  1.09%  1.05%  to  2.45%  0.28%  to  1.55% 
       2006  257  $10.86  to  $10.95  $2,809  (b)  1.05%  to  2.45%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   
ING Franklin Mutual Shares Portfolio - Service Class                         
       2009  673  $8.25  to  $9.18  $6,070  0.13%  1.05%  to  2.45%  23.64%  to  25.07% 
       2008  660  $6.61  to  $7.34  $4,784  4.45%  1.05%  to  2.45%  -39.20%  to  -38.42% 
       2007  392  $11.81  to  $11.92  $4,655  (c)  1.05%  to  2.45%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   
ING Franklin Templeton Founding Strategy Portfolio -                         
   Service Class                         
       2009  1,762  $7.64  to  $8.78  $13,890  2.92%  1.15%  to  2.45%  27.33%  to  28.87% 
       2008  1,633  $6.00  to  $6.82  $10,006  0.14%  1.15%  to  2.45%  -37.17%  to  -36.49% 
       2007  596  $9.55  to  $9.62  $5,721  (c)  1.25%  to  2.45%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   
ING Global Resources Portfolio - Service Class                         
       2009  867  $8.39  to  $38.50  $14,251  0.33%  1.05%  to  2.60%  34.15%  to  36.02% 
       2008  804  $6.19  to  $28.35  $9,787  2.21%  1.05%  to  2.60%  -42.44%  to  -41.60% 
       2007  352  $20.45  to  $48.66  $7,494  0.02%  1.05%  to  2.60%  30.18%  to  31.82% 
       2006  188  $15.77  to  $36.98  $3,098  0.14%  1.05%  to  2.45%  18.72%  to  19.91% 
       2005  60  $13.30  to  $30.84  $894  0.20%  1.25%  to  2.25%  35.83%  to  36.04% 
ING Janus Contrarian Portfolio - Service Class                         
       2009  709  $7.11  to  $13.23  $8,776  0.58%  1.05%  to  2.45%  33.23%  to  35.02% 
       2008  752  $5.29  to  $9.84  $6,991  0.72%  1.05%  to  2.45%  -50.16%  to  -49.50% 
       2007  399  $17.16  to  $19.58  $7,496  -  1.05%  to  2.45%  18.36%  to  19.59% 
       2006  47  $14.40  to  $16.43  $756  0.35%  1.05%  to  2.10%  20.65%  to  21.49% 
       2005  21  $11.87  to  $13.55  $272  -  1.25%  to  1.95%  13.62%  to  14.02% 

167


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING JPMorgan Emerging Markets Equity Portfolio -                         
   Service Class                         
       2009  1,074  $8.55  to  $21.05  $18,275  1.37%  1.00%  to  2.60%  67.30%  to  69.90% 
       2008  1,046  $5.04  to  $12.42  $11,276  2.73%  1.00%  to  2.60%  -52.46%  to  -51.78% 
       2007  562  $24.38  to  $25.82  $14,048  0.95%  1.05%  to  2.60%  35.25%  to  37.05% 
       2006  308  $18.10  to  $18.88  $5,655  0.50%  1.05%  to  2.45%  32.77%  to  34.13% 
       2005  83  $13.64  to  $14.08  $1,148  -  1.25%  to  2.25%  32.98%  to  33.21% 
ING JPMorgan Small Cap Core Equity Portfolio -                         
   Service Class                         
       2009  334  $9.30  to  $13.09  $3,956  0.36%  1.05%  to  2.45%  24.44%  to  25.99% 
       2008  398  $8.96  to  $10.39  $3,770  0.47%  1.05%  to  2.45%  -31.60%  to  -30.69% 
       2007  462  $13.10  to  $14.99  $6,395  0.15%  1.05%  to  2.45%  -3.96%  to  -2.73% 
       2006  420  $13.09  to  $15.41  $5,978  -  1.05%  to  2.45%  13.94%  to  15.43% 
       2005  203  $11.97  to  $13.35  $2,518  -  1.05%  to  2.45%  1.69%  to  2.61% 
ING Limited Maturity Bond Portfolio - Service Class                         
       2009  16  $22.72  to  $23.45  $374  4.96%  1.25%  to  1.40%  5.67%  to  5.82% 
       2008  20  $21.50  to  $22.16  $432  6.35%  1.25%  to  1.40%  -1.65%  to  -1.51% 
       2007  23  $21.86  to  $22.50  $513  1.74%  1.25%  to  1.40%  4.29%  to  4.46% 
       2006  36  $20.96  to  $21.54  $754  3.25%  1.25%  to  1.40%  2.39%  to  2.57% 
       2005  46  $20.47  to  $21.00  $941  5.07%  1.25%  to  1.40%  0.20%  to  0.33% 
ING Liquid Assets Portfolio - Service Class                         
       2009  3,695  $9.96  to  $18.22  $46,236  0.10%  1.00%  to  2.60%  -2.11%  to  -0.68% 
       2008  4,215  $10.07  to  $18.35  $52,262  2.16%  1.00%  to  2.60%  0.10%  to  1.48% 
       2007  2,111  $10.05  to  $18.10  $25,976  4.14%  1.00%  to  2.45%  2.54%  to  3.84% 
       2006  591  $10.25  to  $17.43  $7,050  4.34%  1.05%  to  2.25%  2.30%  to  3.31% 
       2005  352  $10.02  to  $16.29  $4,092  3.07%  1.25%  to  2.25%  0.80%  to  1.56% 
ING Lord Abbett Affiliated Portfolio - Service Class                         
       2009  30  $9.59  to  $11.03  $301  0.72%  1.25%  to  1.85%  16.52%  to  17.34% 
       2008  30  $8.23  to  $9.40  $257  2.44%  1.25%  to  1.85%  -37.75%  to  -37.38% 
       2007  35  $13.17  to  $15.01  $482  1.70%  1.25%  to  1.95%  2.24%  to  2.81% 
       2006  34  $12.93  to  $14.60  $459  0.86%  1.25%  to  1.85%  15.45%  to  16.15% 
       2005  17  $11.20  to  $12.57  $201  1.55%  1.25%  to  1.85%  3.98% 

168


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Marsico Growth Portfolio - Service Class                         
       2009  618  $8.33  to  $14.59  $7,034  0.87%  1.15%  to  2.45%  25.99%  to  27.59% 
       2008  639  $6.55  to  $11.45  $5,774  0.59%  1.15%  to  2.45%  -41.70%  to  -41.06% 
       2007  540  $13.77  to  $19.43  $8,518  -  1.25%  to  2.45%  11.58%  to  12.71% 
       2006  500  $12.29  to  $17.24  $7,184  -  1.25%  to  2.45%  2.48%  to  3.67% 
       2005  397  $11.94  to  $16.63  $5,971  -  1.25%  to  2.45%  6.75%  to  7.58% 
ING Marsico International Opportunities Portfolio -                         
   Service Class                         
       2009  617  $7.17  to  $12.40  $6,660  1.26%  1.00%  to  2.45%  34.41%  to  36.36% 
       2008  646  $5.28  to  $9.10  $5,285  1.34%  1.00%  to  2.60%  -50.74%  to  -50.05% 
       2007  304  $17.54  to  $18.22  $5,453  1.01%  1.05%  to  2.60%  17.79%  to  19.32% 
       2006  226  $14.95  to  $15.27  $3,417  0.03%  1.05%  to  2.45%  21.31%  to  22.65% 
       2005  147  $12.34  to  $12.45  $1,817  (a)  1.05%  to  2.25%    (a)   
ING MFS Total Return Portfolio - Service Class                         
       2009  805  $9.15  to  $26.16  $11,686  2.61%  1.00%  to  2.45%  15.20%  to  16.75% 
       2008  732  $7.86  to  $22.43  $9,141  6.25%  1.00%  to  2.45%  -24.17%  to  -23.12% 
       2007  673  $10.25  to  $29.19  $11,493  2.78%  1.00%  to  2.45%  1.53%  to  2.93% 
       2006  606  $11.79  to  $28.36  $10,544  2.33%  1.05%  to  2.45%  9.37%  to  10.74% 
       2005  480  $10.78  to  $25.61  $8,270  2.10%  1.05%  to  2.45%  0.93%  to  1.83% 
ING MFS Utilities Portfolio - Service Class                         
       2009  867  $8.33  to  $14.95  $11,594  5.79%  1.00%  to  2.45%  29.74%  to  31.50% 
       2008  693  $6.35  to  $11.40  $7,193  4.28%  1.00%  to  2.45%  -39.14%  to  -38.51% 
       2007  387  $18.01  to  $18.54  $7,122  0.70%  1.25%  to  2.45%  24.50%  to  25.78% 
       2006  238  $14.49  to  $14.74  $3,492  0.09%  1.25%  to  2.25%  27.89%  to  29.18% 
       2005  87  $11.33  to  $11.41  $988  (a)  1.25%  to  2.25%    (a)   
ING Oppenheimer Active Allocation Portfolio -                         
   Service Class                         
       2009  32  $13.33  to  $13.43  $423  (e)  1.15%  to  1.95%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   

169


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING PIMCO High Yield Portfolio - Service Class                         
       2009  447  $11.74  to  $13.92  $5,897  8.55%  1.00%  to  2.45%  45.90%  to  47.87% 
       2008  536  $7.96  to  $9.42  $4,815  9.46%  1.00%  to  2.45%  -24.26%  to  -23.35% 
       2007  551  $11.42  to  $12.29  $6,521  6.28%  1.05%  to  2.45%  0.44%  to  1.82% 
       2006  370  $11.37  to  $12.07  $4,331  6.23%  1.05%  to  2.45%  6.45%  to  7.77% 
       2005  230  $10.69  to  $11.20  $2,518  6.85%  1.05%  to  2.25%  2.29%  to  3.23% 
ING PIMCO Total Return Bond Portfolio - Service                         
   Class                         
       2009  3,827  $11.31  to  $18.54  $52,807  4.22%  1.00%  to  2.45%  11.81%  to  13.26% 
       2008  2,653  $10.02  to  $16.38  $32,262  3.34%  1.00%  to  2.45%  1.73%  to  3.15% 
       2007  775  $10.99  to  $15.88  $9,568  3.00%  1.05%  to  2.45%  6.49%  to  7.81% 
       2006  537  $10.32  to  $14.73  $6,525  2.42%  1.05%  to  2.45%  1.97%  to  3.22% 
       2005  356  $10.12  to  $14.27  $4,307  3.26%  1.05%  to  2.45%  0.49%  to  1.42% 
ING Pioneer Fund Portfolio - Service Class                         
       2009  26  $8.25  to  $10.39  $247  1.33%  1.00%  to  1.95%  21.67%  to  22.95% 
       2008  25  $6.71  to  $8.48  $205  3.37%  1.00%  to  2.25%  -36.25%  to  -35.51% 
       2007  21  $12.80  to  $13.15  $270  1.00%  1.25%  to  2.25%  2.73%  to  3.79% 
       2006  10  $12.46  to  $12.67  $130  -  1.25%  to  2.25%  14.44%  to  15.29% 
       2005  7  $10.94  to  $10.99  $77  (a)  1.25%  to  1.95%    (a)   
ING Pioneer Mid Cap Value Portfolio - Service Class                         
       2009  906  $8.27  to  $10.29  $8,851  1.28%  1.00%  to  2.60%  22.11%  to  23.85% 
       2008  779  $6.69  to  $8.33  $6,262  2.01%  1.00%  to  2.60%  -34.75%  to  -33.76% 
       2007  445  $10.13  to  $12.61  $5,563  0.51%  1.00%  to  2.60%  3.03%  to  4.21% 
       2006  318  $11.89  to  $12.10  $3,836  0.18%  1.25%  to  2.45%  9.79%  to  10.91% 
       2005  135  $10.83  to  $10.91  $1,473  (a)  1.25%  to  2.45%    (a)   
ING Retirement Conservative Portfolio - Adviser Class                         
       2009  639  $8.30  to  $8.32  $5,311  (e)  1.15%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   

170


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Retirement Growth Portfolio - Adviser Class                         
       2009  11,176  $9.35  to  $9.38  $104,708  (e)  1.05%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING Retirement Moderate Growth Portfolio - Adviser                         
   Class                         
       2009  8,936  $9.61  to  $9.64  $86,030  (e)  1.05%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING Retirement Moderate Portfolio - Adviser Class                         
       2009  4,951  $9.84  to  $9.87  $48,796  (e)  1.05%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING T. Rowe Price Capital Appreciation Portfolio -                         
   Service Class                         
       2009  2,407  $9.50  to  $47.55  $28,743  1.98%  1.00%  to  2.45%  30.20%  to  31.82% 
       2008  2,166  $7.23  to  $36.14  $19,961  4.99%  1.00%  to  2.45%  -29.17%  to  -28.25% 
       2007  1,394  $12.48  to  $50.48  $18,486  1.89%  1.05%  to  2.45%  1.96%  to  3.28% 
       2006  764  $12.24  to  $48.97  $10,170  1.15%  1.05%  to  2.45%  11.99%  to  13.42% 
       2005  191  $10.93  to  $43.26  $2,834  0.65%  1.05%  to  2.45%  6.25%  to  6.39% 
ING T. Rowe Price Equity Income Portfolio - Service                         
   Class                         
       2009  896  $8.03  to  $28.20  $9,133  1.69%  1.00%  to  2.45%  22.17%  to  23.77% 
       2008  848  $6.50  to  $22.85  $7,214  4.53%  1.00%  to  2.45%  -37.18%  to  -36.49% 
       2007  740  $13.07  to  $35.98  $10,340  1.23%  1.05%  to  2.45%  0.69%  to  1.99% 
       2006  503  $12.98  to  $35.36  $7,183  1.27%  1.05%  to  2.45%  16.31%  to  17.87% 
       2005  330  $11.16  to  $30.06  $4,382  0.87%  1.05%  to  2.45%  1.91%  to  2.63% 

171


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Templeton Global Growth Portfolio - Service                         
   Class                         
       2009  497  $8.56  to  $21.26  $5,542  2.00%  1.15%  to  2.45%  29.30%  to  30.90% 
       2008  575  $6.56  to  $16.27  $4,943  1.01%  1.15%  to  2.45%  -41.07%  to  -40.40% 
       2007  611  $13.61  to  $27.31  $8,903  1.23%  1.25%  to  2.45%  0.00%  to  1.11% 
       2006  234  $13.61  to  $27.01  $3,771  0.85%  1.25%  to  2.45%  19.79%  to  20.42% 
       2005  54  $11.47  to  $22.43  $1,139  0.73%  1.25%  to  1.75%  8.33%  to  8.51% 
ING Van Kampen Global Franchise Portfolio - Service                         
   Class                         
       2009  404  $9.67  to  $12.43  $4,835  6.55%  1.15%  to  2.45%  25.91%  to  27.36% 
       2008  328  $7.61  to  $9.76  $3,102  2.42%  1.25%  to  2.45%  -30.21%  to  -29.48% 
       2007  365  $13.44  to  $13.84  $5,000  -  1.25%  to  2.45%  7.17%  to  8.38% 
       2006  123  $12.18  to  $12.77  $1,567  1.36%  1.25%  to  2.25%  18.60%  to  19.79% 
       2005  40  $10.59  to  $10.66  $429  (a)  1.25%  to  2.25%    (a)   
ING Van Kampen Global Tactical Asset Allocation                         
   Portfolio - Service Class                         
       2009  102  $12.28  to  $12.37  $1,255  (e)  1.15%  to  1.95%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING Van Kampen Growth and Income Portfolio -                         
   Service Class                         
       2009  212  $8.80  to  $27.12  $2,542  1.27%  1.05%  to  2.25%  21.27%  to  22.61% 
       2008  175  $7.21  to  $22.16  $1,874  4.13%  1.15%  to  2.45%  -33.62%  to  -33.07% 
       2007  148  $11.51  to  $33.11  $2,583  1.43%  1.25%  to  2.10%  0.40%  to  1.33% 
       2006  123  $11.36  to  $32.68  $2,443  1.16%  1.25%  to  2.10%  13.56%  to  14.55% 
       2005  88  $11.06  to  $28.53  $2,026  0.91%  1.25%  to  2.10%  8.52%  to  8.69% 
ING Wells Fargo Small Cap Disciplined Portfolio -                         
   Service Class                         
       2009  50  $9.04  to  $12.81  $462  0.59%  1.25%  to  1.95%  27.50%  to  28.41% 
       2008  29  $7.09  to  $7.25  $211  1.05%  1.25%  to  1.95%  -34.11%  to  -33.61% 
       2007  33  $10.76  to  $10.92  $359  -  1.25%  to  1.95%  -5.53%  to  -4.88% 
       2006  30  $11.37  to  $11.48  $338  (b)  1.25%  to  2.10%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   

172


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING American Century Small-Mid Cap Value                         
   Portfolio - Service Class                         
       2009  58  $9.39  to  $9.44  $546  1.70%  1.00%  to  1.20%  33.95%  to  34.28% 
       2008  23  $7.01  to  $7.03  $161  (d)  1.00%  to  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   
ING Baron Small Cap Growth Portfolio - Service Class                         
       2009  1,028  $8.06  to  $10.27  $10,085  -  1.00%  to  2.45%  32.15%  to  33.88% 
       2008  806  $6.04  to  $7.68  $5,999  -  1.00%  to  2.45%  -42.63%  to  -41.86% 
       2007  529  $10.40  to  $13.21  $6,905  -  1.05%  to  2.45%  3.66%  to  5.01% 
       2006  321  $12.31  to  $12.58  $4,008  -  1.05%  to  2.45%  12.63%  to  14.05% 
       2005  72  $10.93  to  $11.03  $793  (a)  1.05%  to  2.45%    (a)   
ING Columbia Small Cap Value Portfolio - Service                         
   Class                         
       2009  456  $7.84  to  $8.70  $3,693  1.26%  1.05%  to  2.60%  21.55%  to  23.23% 
       2008  430  $6.45  to  $7.06  $2,836  0.11%  1.15%  to  2.60%  -35.63%  to  -34.90% 
       2007  236  $10.02  to  $10.23  $2,404  0.12%  1.25%  to  2.60%  0.60%  to  1.69% 
       2006  86  $10.00  to  $10.06  $865  (b)  1.25%  to  2.25%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   
ING Davis New York Venture Portfolio - Service Class                         
       2009  1,073  $8.15  to  $8.94  $9,425  0.62%  1.00%  to  2.45%  28.64%  to  30.25% 
       2008  1,172  $6.26  to  $6.88  $7,943  0.81%  1.00%  to  2.45%  -40.68%  to  -39.97% 
       2007  556  $11.21  to  $11.46  $6,334  0.25%  1.25%  to  2.45%  1.72%  to  2.78% 
       2006  220  $11.02  to  $11.15  $2,440  -  1.25%  to  2.45%    -   
       2005  1    $9.91    $11  (a)  1.95%    (a)   
ING JPMorgan Mid Cap Value Portfolio - Service Class                       
       2009  244  $8.38  to  $14.56  $2,749  1.53%  1.00%  to  2.45%  22.84%  to  24.37% 
       2008  135  $6.75  to  $11.71  $1,294  2.83%  1.00%  to  2.45%  -34.57%  to  -33.73% 
       2007  52  $13.48  to  $17.67  $827  0.55%  1.05%  to  2.25%  0.00%  to  1.26% 
       2006  61  $13.48  to  $17.45  $983  -  1.05%  to  2.25%  13.95%  to  15.26% 
       2005  66  $11.83  to  $15.14  $920  0.29%  1.05%  to  2.25%  6.36%  to  7.38% 

173


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Legg Mason Partners Aggressive Growth                         
   Portfolio - Service Class                         
       2009  124  $9.42  to  $10.69  $1,233  -  1.05%  to  2.45%  28.86%  to  30.68% 
       2008  151  $7.31  to  $8.18  $1,152  -  1.05%  to  2.45%  -40.71%  to  -39.99% 
       2007  141  $12.33  to  $13.63  $1,800  -  1.05%  to  2.45%  -4.20%  to  -2.92% 
       2006  85  $12.87  to  $14.04  $1,129  -  1.05%  to  2.45%  7.52%  to  8.84% 
       2005  64  $11.97  to  $12.90  $777  -  1.05%  to  2.45%  9.06%  to  9.84% 
ING Oppenheimer Global Portfolio - Initial Class                         
       2009  14  $11.58  to  $12.08  $165  2.53%  1.05%  to  1.95%  36.88%  to  38.06% 
       2008  18  $8.46  to  $8.75  $151  2.39%  1.05%  to  1.95%  -41.45%  to  -40.96% 
       2007  18  $14.45  to  $14.82  $267  1.13%  1.05%  to  1.95%  4.48%  to  5.48% 
       2006  19  $13.83  to  $14.05  $265  0.06%  1.05%  to  1.95%  15.64%  to  16.79% 
       2005  22  $11.96  to  $12.03  $268  (a)  1.05%  to  1.95%    (a)   
ING Oppenheimer Global Portfolio - Service Class                         
       2009  685  $8.54  to  $13.79  $8,493  2.16%  1.00%  to  2.45%  36.13%  to  37.94% 
       2008  751  $6.20  to  $10.00  $6,873  2.43%  1.00%  to  2.45%  -41.87%  to  -41.04% 
       2007  630  $10.54  to  $16.97  $10,070  1.08%  1.00%  to  2.45%  3.92%  to  5.21% 
       2006  534  $13.88  to  $16.13  $8,193  0.08%  1.05%  to  2.45%  14.97%  to  16.38% 
       2005  185  $11.97  to  $13.86  $2,432  1.35%  1.05%  to  2.25%  11.06%  to  12.05% 
ING Oppenheimer Strategic Income Portfolio - Service                         
   Class                         
       2009  11  $10.55  to  $10.60  $111  4.02%  1.00%  to  1.20%  19.89%  to  20.18% 
       2008  10  $8.80  to  $8.82  $88  (d)  1.00%  to  1.20%    (d)   
       2007     (d)    (d)    (d)  (d)    (d)      (d)   
       2006     (d)    (d)    (d)  (d)    (d)      (d)   
       2005     (d)    (d)    (d)  (d)    (d)      (d)   
ING PIMCO Total Return Portfolio - Service Class                         
       2009  20  $11.64  to  $11.69  $232  4.08%  1.00%  to  1.20%  11.28%  to  11.44% 
       2008  11  $10.46  to  $10.49  $111  (d)  1.00%  to  1.20%    (d)   
       2007     (d)    (d)    (d)  (d)    (d)      (d)   
       2006     (d)    (d)    (d)  (d)    (d)      (d)   
       2005     (d)    (d)    (d)  (d)    (d)      (d)   

174


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment         
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Solution 2015 Portfolio - Service Class                     
       2009     20  $9.09  to  $9.13  $179  5.85%  1.00% to 1.20%               20.88% 
       2008  3    $7.52    $26  (d)  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)  (d)    (d)   
       2006  (d)    (d)    (d)  (d)  (d)    (d)   
       2005  (d)    (d)    (d)  (d)  (d)    (d)   
ING Solution 2025 Portfolio - Service Class                     
       2009  140  $8.52  to  $8.56  $1,191  3.26%  1.00% to 1.20%  24.20%  to  24.42% 
       2008  112  $6.86  to  $6.88  $771  (d)  1.00% to 1.20%    (d)   
       2007  (d)    (d)    (d)  (d)  (d)    (d)   
       2006  (d)    (d)    (d)  (d)  (d)    (d)   
       2005  (d)    (d)    (d)  (d)  (d)    (d)   
ING Solution 2035 Portfolio - Service Class                     
       2009     14  $8.37  to  $8.41  $115  2.08%  1.00% to 1.20%  26.82%  to  27.04% 
       2008     12  $6.60  to  $6.62  $77  (d)  1.00% to 1.20%    (d)   
       2007  (d)    (d)    (d)  (d)  (d)    (d)   
       2006  (d)    (d)    (d)  (d)  (d)    (d)   
       2005  (d)    (d)    (d)  (d)  (d)    (d)   
ING Solution 2045 Portfolio - Service Class                     
       2009  2    $8.20    $17  -  1.00%               28.53% 
       2008  2    $6.38    $14  (d)  1.00%    (d)   
       2007  (d)    (d)    (d)  (d)  (d)    (d)   
       2006  (d)    (d)    (d)  (d)  (d)    (d)   
       2005  (d)    (d)    (d)  (d)  (d)    (d)   
ING Solution Income Portfolio - Service Class                     
       2009  9    $9.86    $88  5.76%  1.20%               15.86% 
       2008  6  $8.51  to  $8.53  $51  (d)  1.00% to 1.20%    (d)   
       2007  (d)    (d)    (d)  (d)  (d)    (d)   
       2006  (d)    (d)    (d)  (d)  (d)    (d)   
       2005  (d)    (d)    (d)  (d)  (d)    (d)   

175


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING T. Rowe Price Diversified Mid Cap Growth                         
   Portfolio - Service Class                         
       2009  142  $8.74  to  $8.78  $1,248  0.37%  1.00%  to  1.20%  44.22%  to  44.65% 
       2008  65  $6.06  to  $6.07  $393  (d)  1.00%  to  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   
ING T. Rowe Price Growth Equity Portfolio - Service                         
   Class                         
       2009  423  $7.93  to  $8.96  $3,481  -  1.00%  to  2.45%  39.37%  to  41.23% 
       2008  183  $5.69  to  $6.35  $1,084  1.71%  1.00%  to  2.45%  -43.58%  to  -43.03% 
       2007  20  $10.12  to  $10.18  $201  (c)  1.25%  to  2.10%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   
ING Templeton Foreign Equity Portfolio - Service                         
   Class                         
       2009  871  $8.12  to  $9.80  $8,299  -  1.00%  to  2.45%  28.79%  to  30.49% 
       2008  825  $6.24  to  $7.51  $6,061  3.51%  1.00%  to  2.45%  -41.97%  to  -41.24% 
       2007  304  $12.51  to  $12.78  $3,853  1.34%  1.05%  to  2.45%  13.09%  to  14.01% 
       2006  42  $11.15  to  $11.21  $466  (b)  1.05%  to  1.85%    (b)   
       2005  (b)    (b)    (b)  (b)    (b)      (b)   
ING Thornburg Value Portfolio - Initial Class                         
       2009  -    $8.66    $2  -             1.75%  42.20% 
       2008  -    $6.09    $1  -             1.75%  -40.76% 
       2007  -  $10.28  $3  -             1.75%  5.33% 
       2006  1  $9.76  to  $12.95  $12  0.70%  1.45%  to  1.75%  14.82%  to  15.11% 
       2005  3  $8.50  to  $11.25  $24  -  1.45%  to  1.75%  -0.23% 
ING Thornburg Value Portfolio - Service Class                         
       2009  21  $8.75  to  $8.79  $185  0.78%  1.00%  to  1.20%  42.74%  to  42.93% 
       2008  12  $6.13  to  $6.15  $72  (d)  1.00%  to  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   

176


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING UBS U.S. Large Cap Equity Portfolio - Service                         
      Class                         

2009 

 62  $7.78  to  $10.55  $585  1.28%  1.00%  to  2.10%  28.83%  to  30.33% 

2008 

 70  $5.99  to  $8.10  $510  2.23%  1.00%  to  2.10%  -41.31%  to  -40.66% 

2007 

 49  $13.12  to  $13.65  $657  0.65%  1.05%  to  2.10%  -1.20%  to  -0.07% 

2006 

 43  $13.28  to  $13.66  $581  0.73%  1.05%  to  2.10%  12.04%  to  13.08% 

2005 

 32  $11.19  to  $12.08  $380  0.89%  1.05%  to  2.00%  7.19% 
ING Van Kampen Comstock Portfolio - Service Class                         

2009 

 515  $7.82  to  $11.19  $5,149  2.49%  1.00%  to  2.60%  25.40%  to  27.36% 

2008 

 424  $6.14  to  $8.80  $3,365  4.24%  1.00%  to  2.60%  -38.08%  to  -37.14% 

2007 

 395  $12.08  to  $14.00  $5,040  1.40%  1.05%  to  2.60%  -4.56%  to  -3.25% 

2006 

 278  $12.72  to  $14.47  $3,696  0.74%  1.05%  to  2.45%  13.35%  to  14.66% 

2005 

 194  $10.59  to  $12.62  $2,273  0.39%  1.05%  to  2.25%  1.44%  to  2.35% 
ING Van Kampen Equity and Income Portfolio -                         
    Service Class                         

2009 

 278  $9.30  to  $11.23  $2,971  1.78%  1.00%  to  2.45%  19.48%  to  21.14% 

2008 

 235  $7.69  to  $9.29  $2,087  7.72%  1.00%  to  2.45%  -25.33%  to  -24.53% 

2007 

 86  $11.96  to  $12.31  $1,047  1.64%  1.25%  to  2.45%  0.93%  to  1.99% 

2006 

 45  $11.85  to  $12.07  $542  2.20%  1.25%  to  2.45%  9.99%  to  11.04% 

2005 

 35  $10.81  to  $10.87  $377  (a)  1.25%  to  2.10%    (a)   
ING Strategic Allocation Conservative Portfolio -                         
    Class S                         

2009 

 -    $9.06    -  (e)  1.20%    (e)   

2008 

    (e)    (e)    (e)  (e)    (e)      (e)   

2007 

    (e)    (e)    (e)  (e)    (e)      (e)   

2006 

    (e)    (e)    (e)  (e)    (e)      (e)   

2005 

    (e)    (e)    (e)  (e)    (e)      (e)   
ING Strategic Allocation Growth Portfolio - Class S                         

2009 

 15  $8.19  to  $8.23  $125  10.05%  1.00%  to  1.20%  23.34%  to  23.57% 

2008 

 11  $6.64  to  $6.66  $74  (d)  1.00%  to  1.20%    (d)   

2007 

 (d)    (d)    (d)  (d)    (d)      (d)   

2006 

 (d)    (d)    (d)  (d)    (d)      (d)   

2005 

 (d)    (d)    (d)  (d)    (d)      (d)   

177


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Strategic Allocation Moderate Portfolio - Class S                         
       2009  3  $8.63  to  $8.67  $29  7.69%  1.00%  to  1.20%  20.03%  to  20.25% 
       2008  3  $7.19  to  $7.21  $23  (d)  1.00%  to  1.20%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   
ING Growth and Income Portfolio - Class I                         
       2009  160  $7.87  to  $7.89  $1,257  1.44%  1.25%  to  1.40%  28.50%  to  28.59% 
       2008  181  $6.12  to  $6.14  $1,109  1.48%  1.25%  to  1.40%  -38.55%  to  -38.35% 
       2007  201    $9.96    $2,002  (c)  1.25%  to  1.40%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   
ING Growth and Income Portfolio - Class S                         
       2009  539  $7.67  to  $8.54  $4,216  1.97%  1.00%  to  2.45%  26.99%  to  28.81% 
       2008  123  $6.04  to  $6.63  $755  3.95%  1.00%  to  2.45%  -38.79%  to  -38.69% 
       2007  1    $9.95    $5  (c)  1.45%  to  1.65%    (c)   
       2006  (c)    (c)    (c)  (c)    (c)      (c)   
       2005  (c)    (c)    (c)  (c)    (c)      (c)   
ING GET U.S. Core Portfolio - Series 5                         
       2009  237  $10.17  to  $10.66  $2,455  3.44%  1.55%  to  2.40%  -0.78%  to  0.09% 
       2008  295  $10.25  to  $10.65  $3,070  1.51%  1.55%  to  2.40%  -9.53%  to  -8.82% 
       2007  321  $11.33  to  $11.68  $3,685  1.74%  1.55%  to  2.40%  -0.35%  to  0.52% 
       2006  339  $11.37  to  $11.62  $3,885  1.71%  1.55%  to  2.40%  8.60%  to  9.52% 
       2005  477  $10.47  to  $10.61  $5,020  0.90%  1.55%  to  2.40%  0.29%  to  1.14% 
ING GET U.S. Core Portfolio - Series 6                         
       2009  114  $9.86  to  $10.43  $1,149  2.21%  1.55%  to  2.60%  -0.90%  to  0.10% 
       2008  137  $9.95  to  $10.42  $1,384  1.88%  1.55%  to  2.60%  -8.63%  to  -7.62% 
       2007  145  $10.89  to  $11.28  $1,596  2.37%  1.55%  to  2.60%  0.65%  to  1.71% 
       2006  171  $10.82  to  $11.09  $1,862  1.94%  1.55%  to  2.60%  7.66%  to  8.83% 
       2005  402  $10.05  to  $10.19  $4,064  0.34%  1.55%  to  2.60%  0.00%  to  1.09% 

178


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING GET U.S. Core Portfolio - Series 7                         
       2009  242  $9.88  to  $10.24  $2,427  2.31%  1.75%  to  2.45%  -1.50%  to  -0.78% 
       2008  263  $10.03  to  $10.32  $2,673  2.01%  1.75%  to  2.45%  -7.30%  to  -6.69% 
       2007  292  $10.82  to  $11.06  $3,187  2.63%  1.75%  to  2.45%  0.74%  to  1.47% 
       2006  332  $10.74  to  $10.90  $3,582  1.79%  1.75%  to  2.45%  7.62%  to  8.35% 
       2005  656  $9.97  to  $10.06  $6,569  (a)  1.75%  to  2.60%    (a)   
ING GET U.S. Core Portfolio - Series 8                         
       2009  38  $9.94  to  $10.29  $379  2.11%  1.75%  to  2.45%  -0.60%  to  0.10% 
       2008  38  $10.00  to  $10.28  $380  2.34%  1.75%  to  2.45%  -8.76%  to  -8.05% 
       2007  59  $10.96  to  $11.18  $647  2.26%  1.75%  to  2.45%  1.11%  to  1.82% 
       2006  62  $10.84  to  $11.02  $680  0.69%  1.55%  to  2.45%  7.97%  to  9.00% 
       2005  293  $10.04  to  $10.11  $2,946  (a)  1.55%  to  2.45%    (a)   
ING GET U.S. Core Portfolio - Series 9                         
       2009  23  $9.92  to  $10.34  $230  2.16%  1.55%  to  2.45%  -0.90%  to  0.00% 
       2008  23  $10.01  to  $10.34  $234  2.06%  1.55%  to  2.45%  -7.49%  to  -6.59% 
       2007  23  $10.82  to  $11.07  $252  2.84%  1.55%  to  2.45%  1.41%  to  2.31% 
       2006  36  $10.67  to  $10.82  $381  0.72%  1.55%  to  2.45%  7.45%  to  8.42% 
       2005  157  $9.93  to  $9.98  $1,557  (a)  1.55%  to  2.45%    (a)   
ING GET U.S. Core Portfolio - Series 10                         
       2009  19  $9.86  to  $10.16  $188  4.32%  1.55%  to  2.25%  -3.05%  to  -2.40% 
       2008  90  $10.17  to  $10.41  $923  2.50%  1.55%  to  2.25%  -6.01%  to  -5.36% 
       2007  91  $10.82  to  $11.00  $995  1.81%  1.55%  to  2.25%  1.22%  to  1.95% 
       2006  93  $10.67  to  $10.79  $997  0.48%  1.55%  to  2.45%  7.13%  to  8.12% 
       2005  283  $9.95  to  $9.98  $2,822  (a)  1.55%  to  2.45%    (a)   
ING GET U.S. Core Portfolio - Series 11                         
       2009  23  $10.04  to  $10.34  $230  3.75%  1.55%  to  2.25%  -3.00%  to  -2.27% 
       2008  24  $10.35  to  $10.58  $250  2.36%  1.55%  to  2.25%  -1.71%  to  -1.03% 
       2007  24  $10.53  to  $10.69  $258  0.32%  1.55%  to  2.25%  -0.28%  to  0.47% 
       2006  507  $10.54  to  $10.64  $5,356  (b)  1.55%  to  2.45%    (b)   
       2005     (b)    (b)    (b)  (b)    (b)      (b)   

179


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING GET U.S. Core Portfolio - Series 12                         

2009 

 5  $9.94  to  $10.10  $54  3.64%  2.05%  to  2.45%  -3.02%  to  -2.60% 

2008 

 5  $10.25  to  $10.37  $56  1.69%  2.05%  to  2.45%  -8.48%  to  -8.15% 

2007 

 6  $11.20  to  $11.29  $62  0.16%  2.05%  to  2.45%  0.45%  to  0.89% 

2006 

 105  $11.15  to  $11.23  $1,171  (b)  1.55%  to  2.45%    (b)   

2005 

 (b)    (b)    (b)  (b)    (b)      (b)   
ING GET U.S. Core Portfolio - Series 13                         

2009 

 64  $9.82  to  $10.00  $632  3.57%  1.95%  to  2.45%  -4.47%  to  -3.94% 

2008 

 69  $10.28  to  $10.41  $711  1.10%  1.95%  to  2.45%  -0.10%  to  0.39% 

2007 

 72  $10.29  to  $10.37  $740  0.85%  1.95%  to  2.45%  2.39%  to  2.88% 

2006 

 950  $10.05  to  $10.08  $9,554  (b)  1.95%  to  2.60%    (b)   

2005 

 (b)    (b)    (b)  (b)    (b)      (b)   
ING GET U.S. Core Portfolio - Series 14                         

2009 

 898  $9.85  to  $10.17  $8,915  4.14%  1.55%  to  2.60%  -3.43%  to  -2.40% 

2008 

 943  $10.20  to  $10.42  $9,664  1.80%  1.55%  to  2.60%  0.39%  to  1.46% 

2007 

 1,027  $10.16  to  $10.27  $10,461  (c)  1.55%  to  2.60%    (c)   

2006 

 (c)    (c)    (c)  (c)    (c)      (c)   

2005 

 (c)    (c)    (c)  (c)    (c)      (c)   
ING BlackRock Science and Technology                         
   Opportunities Portfolio - Class S                         

2009 

 472  $9.63  to  $9.92  $4,605  -  1.00%  to  2.45%  49.07%  to  51.00% 

2008 

 305  $6.46  to  $6.57  $1,982  (d)  1.00%  to  2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)    (d)      (d)   

2006 

 (d)    (d)    (d)  (d)    (d)      (d)   

2005 

 (d)    (d)    (d)  (d)    (d)      (d)   
ING Dow Jones Euro STOXX 50 Index Portfolio -                         
   Class A                         

2009 

 5  $9.81  to  $9.82  $53  (e)  1.15%  to  1.65%    (e)   

2008 

 (e)    (e)    (e)  (e)    (e)      (e)   

2007 

 (e)    (e)    (e)  (e)    (e)      (e)   

2006 

 (e)    (e)    (e)  (e)    (e)      (e)   

2005 

 (e)    (e)    (e)  (e)    (e)      (e)   

180


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Hang Seng Index Portfolio - Class S                         
       2009  129  $12.88  to  $12.99  $1,663  (e)  1.15%  to  2.45%    (e)   
       2008  (e)    (e)    (e)  (e)    (e)      (e)   
       2007  (e)    (e)    (e)  (e)    (e)      (e)   
       2006  (e)    (e)    (e)  (e)    (e)      (e)   
       2005  (e)    (e)    (e)  (e)    (e)      (e)   
ING Index Plus LargeCap Portfolio - Class S                         
       2009  401  $7.93  to  $9.89  $3,685  2.76%  1.00%  to  2.25%  20.18%  to  21.87% 
       2008  428  $6.52  to  $8.16  $3,275  1.85%  1.00%  to  2.60%  -38.94%  to  -38.01% 
       2007  443  $11.40  to  $13.23  $5,607  0.81%  1.05%  to  2.60%  2.31%  to  3.61% 
       2006  329  $11.10  to  $12.81  $4,051  0.89%  1.05%  to  2.45%  11.64%  to  13.13% 
       2005  305  $9.96  to  $11.38  $3,370  0.76%  1.05%  to  2.45%  3.10%  to  4.05% 
ING Index Plus MidCap Portfolio - Class S                         
       2009  579  $8.29  to  $12.79  $6,155  1.33%  1.00%  to  2.45%  28.47%  to  30.16% 
       2008  590  $6.38  to  $9.83  $4,941  1.15%  1.00%  to  2.60%  -39.26%  to  -38.41% 
       2007  506  $11.17  to  $15.96  $7,246  0.50%  1.05%  to  2.60%  2.82%  to  4.11% 
       2006  433  $10.75  to  $15.33  $5,948  0.42%  1.05%  to  2.45%  6.57%  to  8.03% 
       2005  306  $11.52  to  $14.19  $3,933  0.26%  1.05%  to  2.45%  8.68%  to  9.66% 
ING Index Plus SmallCap Portfolio - Class S                         
       2009  506  $7.79  to  $12.52  $5,099  1.39%  1.00%  to  2.45%  21.69%  to  23.31% 
       2008  529  $6.33  to  $10.16  $4,383  0.65%  1.00%  to  2.60%  -35.28%  to  -34.37% 
       2007  481  $10.15  to  $15.48  $6,353  0.12%  1.05%  to  2.60%  -8.68%  to  -7.47% 
       2006  377  $10.99  to  $16.73  $5,395  0.25%  1.05%  to  2.45%  10.84%  to  12.28% 
       2005  292  $12.27  to  $14.90  $3,809  0.17%  1.05%  to  2.45%  5.29%  to  6.28% 
ING International Index Portfolio - Class S                         
       2009  458  $7.50  to  $13.96  $3,838  -  1.00%  to  2.45%  24.54%  to  25.99% 
       2008  96  $6.02  to  $6.08  $580  (d)  1.15%  to  2.45%    (d)   
       2007  (d)    (d)    (d)  (d)    (d)      (d)   
       2006  (d)    (d)    (d)  (d)    (d)      (d)   
       2005  (d)    (d)    (d)  (d)    (d)      (d)   

181


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Opportunistic Large Cap Portfolio - Class S                         

2009 

    18  $7.39  to  $9.36  $141  2.35%  1.00%  to  1.95%  12.61%  to  13.55% 

2008 

    16  $6.55  to  $8.27  $114  1.49%  1.20%  to  1.95%  -37.04%  to  -36.57% 

2007 

    14  $10.38  to  $13.07  $155  1.28%  1.25%  to  1.95%  0.71%  to  1.42% 

2006 

    14  $10.28  to  $12.91  $158  1.36%  1.25%  to  1.95%  13.52%  to  14.39% 

2005 

    15  $8.98  to  $11.31  $148  1.09%  1.25%  to  1.95%  4.75%  to  5.36% 
ING Russell™ Global Large Cap Index 75% Portfolio -                         
Class S                         

2009 

    28  $13.56  to  $13.62  $386  (e)  1.15%  to  1.65%    (e)   

2008 

    (e)    (e)    (e)  (e)    (e)      (e)   

2007 

    (e)    (e)    (e)  (e)    (e)      (e)   

2006 

    (e)    (e)    (e)  (e)    (e)      (e)   

2005 

    (e)    (e)    (e)  (e)    (e)      (e)   
ING Russell™ Large Cap Growth Index Portfolio -                         
Class S                         

2009 

    89  $12.60  to  $12.73  $1,128  (e)  1.00%  to  2.45%    (e)   

2008 

    (e)    (e)    (e)  (e)    (e)      (e)   

2007 

    (e)    (e)    (e)  (e)    (e)      (e)   

2006 

    (e)    (e)    (e)  (e)    (e)      (e)   

2005 

    (e)    (e)    (e)  (e)    (e)      (e)   
ING Russell™ Large Cap Index Portfolio - Class S                         

2009 

 806  $8.04  to  $12.88  $6,941  -  1.05%  to  2.45%  20.54%  to  22.17% 

2008 

    85  $6.67  to  $6.72  $574  (d)  1.15%  to  2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)    (d)      (d)   

2006 

 (d)    (d)    (d)  (d)    (d)      (d)   

2005 

 (d)    (d)    (d)  (d)    (d)      (d)   
ING Russell™ Large Cap Value Index Portfolio -                         
Class S                         

2009 

 114  $12.43  to  $12.54  $1,431  (e)  1.05%  to  2.45%    (e)   

2008 

    (e)    (e)    (e)  (e)    (e)      (e)   

2007 

    (e)    (e)    (e)  (e)    (e)      (e)   

2006 

    (e)    (e)    (e)  (e)    (e)      (e)   

2005 

    (e)    (e)    (e)  (e)    (e)      (e)   

182


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment         
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING Russell™ Mid Cap Growth Index Portfolio -                     
   Class S                     

2009 

 288  $12.91  to  $13.02  $3,743  (e)  1.15% to 2.45%    (e)   

2008 

 (e)    (e)    (e)  (e)  (e)    (e)   

2007 

 (e)    (e)    (e)  (e)  (e)    (e)   

2006 

 (e)    (e)    (e)  (e)  (e)    (e)   

2005 

 (e)    (e)    (e)  (e)  (e)    (e)   
ING Russell™ Mid Cap Index Portfolio - Class S                     

2009 

 220  $8.32  to  $8.50  $1,854  -  1.05% to 2.25%  36.62%  to  38.11% 

2008 

    83  $6.09  to  $6.14  $507  (d)  1.15% to 2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)  (d)    (d)   

2006 

 (d)    (d)    (d)  (d)  (d)    (d)   

2005 

 (d)    (d)    (d)  (d)  (d)    (d)   
ING Russell™ Small Cap Index Portfolio - Class S                     

2009 

 220  $8.55  to  $8.74  $1,908  -  1.05% to 2.45%  23.52%  to  25.04% 

2008 

 120  $6.92  to  $6.99  $834  (d)  1.05% to 2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)  (d)    (d)   

2006 

 (d)    (d)    (d)  (d)  (d)    (d)   

2005 

 (d)    (d)    (d)  (d)  (d)    (d)   
ING Small Company Portfolio - Class S                     

2009 

 352  $8.66  to  $9.01  $3,101  0.47%  1.00% to 2.45%  24.33%  to  25.90% 

2008 

 168  $6.89  to  $7.16  $1,169  (d)  1.00% to 2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)  (d)    (d)   

2006 

 (d)    (d)    (d)  (d)  (d)    (d)   

2005 

 (d)    (d)    (d)  (d)  (d)    (d)   
ING U.S. Bond Index Portfolio - Class S                     

2009 

 524  $10.45  to  $10.69  $5,543  2.61%  1.00% to 2.45%  3.16%  to  4.50% 

2008 

 229  $10.13  to  $10.23  $2,336  (d)  1.00% to 2.45%    (d)   

2007 

 (d)    (d)    (d)  (d)  (d)    (d)   

2006 

 (d)    (d)    (d)  (d)  (d)    (d)   

2005 

 (d)    (d)    (d)  (d)  (d)    (d)   

183


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ING WisdomTreeSM Global High-Yielding Equity                         
   Index Portfolio - Class S                         
     2009  808  $7.65  to  $7.81  $6,261  -  1.15%  to  2.45%  26.87%  to  28.45% 
     2008  593  $6.00  to  $6.09  $3,600  (d)  1.15%  to  2.45%    (d)   
     2007     (d)    (d)    (d)  (d)    (d)      (d)   
     2006     (d)    (d)    (d)  (d)    (d)      (d)   
     2005     (d)    (d)    (d)  (d)    (d)      (d)   
ING International Value Portfolio - Class S                         
     2009  125  $8.00  to  $8.04  $1,004  1.58%  1.00%  to  1.20%  24.61%  to  24.84% 
     2008  99  $6.42  to  $6.44  $637  (d)  1.00%  to  1.20%    (d)   
     2007     (d)    (d)    (d)  (d)    (d)      (d)   
     2006     (d)    (d)    (d)  (d)    (d)      (d)   
     2005     (d)    (d)    (d)  (d)    (d)      (d)   
ING MidCap Opportunities Portfolio - Class S                         
     2009  434  $8.87  to  $9.98  $4,043  0.11%  1.00%  to  2.45%  37.73%  to  39.58% 
     2008  459  $6.43  to  $7.15  $3,061  -  1.00%  to  2.45%  -38.62%  to  -38.50% 
     2007  5  $10.72  to  $10.83  $56  -  1.25%  to  1.40%  23.79%  to  23.91% 
     2006  5  $8.66  to  $8.74  $45  -  1.25%  to  1.40%  6.00%  to  6.33% 
     2005  5  $8.17  to  $8.22  $43  -  1.25%  to  1.40%  8.64%  to  8.73% 
ING SmallCap Opportunities Portfolio - Class S                         
     2009  72  $8.58  to  $12.03  $721  -  1.00%  to  2.00%  28.15%  to  29.39% 
     2008  82  $6.65  to  $9.32  $631  -  1.00%  to  2.00%  -35.93%  to  -35.41% 
     2007  45  $8.80  to  $14.43  $633  -  1.25%  to  2.00%  7.68%  to  8.41% 
     2006  41  $8.13  to  $13.31  $534  -  1.25%  to  1.95%  10.13%  to  11.01% 
     2005  22  $7.34  to  $11.99  $241  -  1.25%  to  1.95%  7.31% 
Legg Mason ClearBridge Variable Investors Portfolio                         
     2009  41  $7.58  to  $7.61  $309  1.70%  1.25%  to  1.40%  22.85%  to  22.94% 
     2008  45  $6.17  to  $6.19  $278  1.14%  1.25%  to  1.40%  -36.59%  to  -36.45% 
     2007  62  $9.73  to  $9.74  $603  (c)  1.25%  to  1.40%    (c)   
     2006  (c)    (c)    (c)  (c)    (c)      (c)   
     2005  (c)    (c)    (c)  (c)    (c)      (c)   

184


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
Legg Mason Global Currents Variable International                         
   All Cap Opportunity Portfolio                         

2009 

 9  $13.07  to  $13.36  $118  0.92%  1.25%  to  1.40%  26.77%  to  27.00% 

2008 

 10  $10.31  to  $10.52  $100  2.01%  1.25%  to  1.40%  -44.18%  to  -44.10% 

2007 

 11  $18.47  to  $18.82  $199  0.96%  1.25%  to  1.40%  4.88%  to  4.96% 

2006 

 12  $17.61  to  $17.93  $219  2.02%  1.25%  to  1.40%  24.10%  to  24.34% 

2005 

 15  $14.19  to  $14.42  $209  1.41%  1.25%  to  1.40%  10.17%  to  10.33% 
Legg Mason Variable Lifestyle Allocation 50%                         

2009 

 83  $15.14  to  $15.44  $1,252  4.56%  1.25%  to  1.40%  30.40%  to  30.63% 

2008 

 107  $11.61  to  $11.82  $1,250  3.53%  1.25%  to  1.40%  -28.33%  to  -28.23% 

2007 

 122  $16.20  to  $16.47  $1,982  3.22%  1.25%  to  1.40%  1.76%  to  1.92% 

2006 

 159  $15.92  to  $16.16  $2,545  2.52%  1.25%  to  1.40%  6.70%  to  6.88% 

2005 

 202  $14.92  to  $15.12  $3,021  2.09%  1.25%  to  1.40%  1.08%  to  1.20% 
Legg Mason Variable Lifestyle Allocation 70%                         

2009 

 40  $12.95  to  $13.21  $521  3.26%  1.25%  to  1.40%  31.07%  to  31.31% 

2008 

 47  $9.88  to  $10.06  $462  2.28%  1.25%  to  1.40%  -33.74%  to  -33.64% 

2007 

 57  $14.91  to  $15.16  $856  2.62%  1.25%  to  1.40%  2.40%  to  2.57% 

2006 

 67  $14.56  to  $14.78  $974  1.58%  1.25%  to  1.40%  7.30%  to  7.49% 

2005 

 102  $13.57  to  $13.75  $1,381  1.39%  1.25%  to  1.40%  3.27%  to  3.46% 
Legg Mason Variable Lifestyle Allocation 85%                         

2009 

 21  $12.57  to  $12.82  $261  2.06%  1.25%  to  1.40%  30.67%  to  30.82% 

2008 

 23  $9.62  to  $9.80  $224  1.61%  1.25%  to  1.40%  -38.29%  to  -38.17% 

2007 

 25  $15.59  to  $15.85  $399  1.42%  1.25%  to  1.40%  1.90%  to  2.06% 

2006 

 29  $15.30  to  $15.53  $447  0.82%  1.25%  to  1.40%  7.90%  to  8.07% 

2005 

 48  $14.18  to  $14.37  $677  0.41%  1.25%  to  1.40%  4.57%  to  4.74% 
Legg Mason Western Asset Variable High Income                         
    Portfolio                         

2009 

 10  $18.41  to  $18.82  $183  12.04%  1.25%  to  1.40%  57.75%  to  57.89% 

2008 

 10  $11.67  to  $11.92  $116  12.33%  1.25%  to  1.40%  -30.99%  to  -30.86% 

2007 

 10  $16.91  to  $17.24  $176  8.14%  1.25%  to  1.40%  -1.11%  to  -0.92% 

2006 

 13  $17.10  to  $17.40  $217  7.65%  1.25%  to  1.40%  9.40%  to  9.57% 

2005 

 14  $15.63  to  $15.88  $215  7.80%  1.25%  to  1.40%  1.23%  to  1.34% 

185


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
Legg Mason Western Asset Variable Money Market                         
    Portfolio                         

2009 

 7  $13.38  to  $13.69  $92  -  1.25%  to  1.40%  -1.18%  to  -1.01% 

2008 

 8  $13.54  to  $13.83  $105  2.39%  1.25%  to  1.40%  1.12%  to  1.32% 

2007 

 11  $13.39  to  $13.65  $146  4.19%  1.25%  to  1.40%  3.48%  to  3.57% 

2006 

 14  $12.94  to  $13.18  $188  4.73%  1.25%  to  1.40%  3.19%  to  3.37% 

2005 

 12  $12.54  to  $12.75  $145  2.60%  1.25%  to  1.40%  1.37%  to  1.51% 
Oppenheimer Main Street Small Cap Fund®/VA -                         
   Service Class                         

2009 

 12  $8.24  to  $8.28  $98  1.17%  1.00%  to  1.20%  35.30%  to  35.52% 

2008 

 12  $6.09  to  $6.11  $73  -  1.00%  to  1.20%  -38.65% 

2007 

 5    $9.96    $47  (c)             1.00%    (c)   

2006 

 (c)    (c)    (c)  (c)    (c)      (c)   

2005 

 (c)    (c)    (c)  (c)    (c)      (c)   
PIMCO Real Return Portfolio - Administrative Class                         

2009 

 16  $11.49  to  $11.55  $187  3.04%  1.00%  to  1.20%  16.89%  to  17.14% 

2008 

 14  $9.83  to  $9.86  $142  (d)  1.00%  to  1.20%    (d)   

2007 

 (d)    (d)    (d)  (d)    (d)      (d)   

2006 

 (d)    (d)    (d)  (d)    (d)      (d)   

2005 

 (d)    (d)    (d)  (d)    (d)      (d)   
Pioneer Equity Income VCT Portfolio - Class II                         

2009 

 198  $7.70  to  $7.74  $1,526  3.21%  1.00%  to  1.20%  12.41%  to  12.83% 

2008 

 187  $6.85  to  $6.86  $1,279  2.71%  1.00%  to  1.20%  -31.19% 

2007 

 5    $9.97    $47  (c)             1.00%    (c)   

2006 

 (c)    (c)    (c)  (c)    (c)      (c)   

2005 

 (c)    (c)    (c)  (c)    (c)      (c)   
ProFund VP Bull                         

2009 

 6  $7.51  to  $9.47  $58  -  1.25%  to  1.85%  21.97%  to  22.69% 

2008 

 8  $6.14  to  $7.73  $57  -  1.25%  to  1.85%  -38.81%  to  -38.38% 

2007 

 9  $10.03  to  $12.59  $108  0.96%  1.25%  to  2.25%  1.24%  to  2.17% 

2006 

 9  $9.86  to  $12.33  $101  0.26%  1.25%  to  2.25%  11.11%  to  12.28% 

2005 

 9  $8.83  to  $11.01  $86  -  1.25%  to  2.25%  0.91%  to  1.46% 

186


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
SEPARATE ACCOUNT NY-B 
Notes to Financial Statements 

            Investment             
  Units  Unit Fair Value  Net Assets  Income  Expense RatioB  Total ReturnC 
  (000's)  (lowest to highest)  (000's)  RatioA  (lowest to highest)  (lowest to highest) 
ProFund VP Europe 30                         
         2009  6  $9.09  to  $11.35  $69  3.05%  1.25%  to  1.95%  29.69%  to  30.67% 
         2008  8  $7.00  to  $8.71  $62  2.01%  1.25%  to  1.95%  -45.10%  to  -44.71% 
         2007  9  $12.72  to  $15.78  $137  2.23%  1.25%  to  1.95%  12.38%  to  13.17% 
         2006  10  $11.30  to  $13.98  $132  0.43%  1.05%  to  1.95%  15.18%  to  16.32% 
         2005  8  $9.78  to  $12.07  $89  -  1.05%  to  1.95%  6.01%  to  6.98% 
ProFund VP Rising Rates Opportunity                         
         2009  33  $5.86  to  $6.86  $216  0.50%  1.05%  to  1.95%  29.65%  to  30.87% 
         2008  36  $4.52  to  $5.28  $181  5.05%  1.05%  to  2.45%  -39.45%  to  -38.57% 
         2007  50  $7.42  to  $8.69  $413  5.29%  1.05%  to  2.45%  -7.35%  to  -6.21% 
         2006  56  $7.98  to  $9.30  $495  2.07%  1.05%  to  2.45%  7.67%  to  8.89% 
         2005  36  $7.39  to  $8.57  $293  -  1.05%  to  2.25%  -9.66%  to  -8.83% 

(a)  As investment Division was not available until 2005, this data is not meaningful and is therefore not presented. 
(b)  As investment Division was not available until 2006, this data is not meaningful and is therefore not presented. 
(c)  As investment Division was not available until 2007, this data is not meaningful and is therefore not presented. 
(d)  As investment Division was not available until 2008, this data is not meaningful and is therefore not presented. 
(e)  As investment Division was not available until 2009, this data is not meaningful and is therefore not presented. 
 
A  The Investment Income Ratio represents dividends received by the Division, excluding capital gains distributions divided by the average net assets. 
  The recognition of investment income is determined by the timing of the declaration of dividends by the underlying fund in which the Division invests. 
B  The Expense Ratio considers only the expenses borne directly by the Account and is equal to the mortality and expense, administrative and other charges, 
  as defined in Note 5. Certain items in this table are presented as a range of minimum and maximum values; however, such information is calculated 
  independently for each column in the table. 
C  Total Return is calculated as the change in unit value for each Contract presented in the Statements of Assets and Liabilities. Certain items in this 
  table are presented as a range of minimum and maximum values; however, such information is calculated independently for each column in the table. 

187


CONDENSED FINANCIAL INFORMATION

Except for subaccounts which did not commence operations as of December 31, 2009, the following tables give (1) the accumulation unit value ("AUV") at the beginning of the period, (2) the AUV at the end of the period and (3) the total number of accumulation units outstanding at the end of the period for each subaccount of ReliaStar Life Insurance Company of NY Separate Account NY-B available under the Contract for the indicated periods. This information is current through December 31, 2009, including portfolio names. Portfolio name changes after December 31, 2009 are not reflected in this information.

  Separate Account Annual Charges of 1.05%       
 
  2009  2008  2007  2006  2005  2004  2003 
 
FIDELITY® VIP CONTRAFUND® PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.53  $18.57  $16.00  $14.51  $12.57  $11.03  $10.00 
Value at end of period  $14.12  $10.53  $18.57  $16.00  $14.51  $12.57  $11.03 
Number of accumulation units outstanding at end of period  9,160  11,829  13,703  14,467  10,615  10,696  5,194 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.84  $13.85  $13.83  $11.65  $11.15  $10.13  $10.00 
Value at end of period  $10.08  $7.84  $13.85  $13.83  $11.65  $11.15  $10.13 
Number of accumulation units outstanding at end of period  5,911  6,136  6,243  12,728  12,851  13,601  5,826 
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.93  $14.60  $14.13  $12.46  $11.95  $11.00  $10.00 
Value at end of period  $11.54  $8.93  $14.60  $14.13  $12.46  $11.95  $11.00 
Number of accumulation units outstanding at end of period  8,855  8,887  9,060  8,448  9,861  8,407  144 
ING AMERICAN FUNDS GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $9.04  $16.39  $14.82  $13.66  $11.94  $10.79   
Value at end of period  $12.40  $9.04  $16.39  $14.82  $13.66  $11.94   
Number of accumulation units outstanding at end of period  10,459  10,818  10,920  10,653  11,813  12,165   
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $12.87  $22.61  $19.14  $16.34  $13.66  $11.76   
Value at end of period  $18.13  $12.87  $22.61  $19.14  $16.34  $13.66   
Number of accumulation units outstanding at end of period  586  671  699  723  844  983   
ING ARTIO FOREIGN PORTFOLIO               
(Fund first available during June 2006)               
Value at beginning of period    $21.00  $18.22  $15.61       
Value at end of period    $11.71  $21.00  $18.22       
Number of accumulation units outstanding at end of period    0  64  64       
ING BARON SMALL CAP GROWTH PORTFOLIO               
(Fund first available during August 2005)               
Value at beginning of period  $7.68  $13.21  $12.58  $11.03  $11.00     
Value at end of period  $10.27  $7.68  $13.21  $12.58  $11.03     
Number of accumulation units outstanding at end of period  259  381  406  430  455     

Empire Traditions

CFI 1


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $7.87  $13.06  $12.36  $11.66  $10.92     
Value at end of period  $10.14  $7.87  $13.06  $12.36  $11.66     
Number of accumulation units outstanding at end of period  1,885  1,886  1,886  1,888  1,889     
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.31             
Value at end of period  $9.84             
Number of accumulation units outstanding at end of period  95             
ING CLARION REAL ESTATE PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $10.86  $17.86  $21.94  $16.11  $13.55     
Value at end of period  $14.61  $10.86  $17.86  $21.94  $16.11     
Number of accumulation units outstanding at end of period  438  529  613  668  583     
ING COLUMBIA SMALL CAP VALUE PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $6.24             
Value at end of period  $8.27             
Number of accumulation units outstanding at end of period  320             
ING EVERGREEN HEALTH SCIENCES PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $9.27  $13.13  $12.23  $10.85  $9.93  $8.61   
Value at end of period  $11.01  $9.27  $13.13  $12.23  $10.85  $9.93   
Number of accumulation units outstanding at end of period  3,539  3,475  3,615  3,642  6,400  880   
ING EVERGREEN OMEGA PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.95  $12.48  $11.30  $10.82  $10.54     
Value at end of period  $12.61  $8.95  $12.48  $11.30  $10.82     
Number of accumulation units outstanding at end of period  1,063  1,063  1,063  1,063  1,062     
ING FRANKLIN INCOME PORTFOLIO               
(Fund first available during December 2006)               
Value at beginning of period  $7.79  $11.12  $10.95  $10.94       
Value at end of period  $10.17  $7.79  $11.12  $10.95       
Number of accumulation units outstanding at end of period  1,238  0  1,690  1,878       
ING FRANKLIN MUTUAL SHARES PORTFOLIO               
(Funds were first received in this option during August 2007)               
Value at beginning of period  $7.34  $11.92  $11.71         
Value at end of period  $9.18  $7.34  $11.92         
Number of accumulation units outstanding at end of period  861  2,264  2,470         
ING GLOBAL RESOURCES PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $12.41  $21.25  $16.12  $16.27       
Value at end of period  $16.88  $12.41  $21.25  $16.12       
Number of accumulation units outstanding at end of period  1,529  1,531  243  177       
ING GROWTH AND INCOME PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.16             
Value at end of period  $7.88             
Number of accumulation units outstanding at end of period  3,183             

Empire Traditions

CFI 2


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING INDEX PLUS LARGECAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.47  $12.05  $11.63  $10.28  $9.88  $9.06  $10.00 
Value at end of period  $9.09  $7.47  $12.05  $11.63  $10.28  $9.88  $9.06 
Number of accumulation units outstanding at end of period  8,407  9,181  13,755  14,665  15,902  17,336  2,261 
ING INDEX PLUS MIDCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.83  $15.96  $15.33  $14.19  $12.94  $11.24  $10.00 
Value at end of period  $12.79  $9.83  $15.96  $15.33  $14.19  $12.94  $11.24 
Number of accumulation units outstanding at end of period  1,950  3,194  4,643  4,910  5,208  5,699  2,393 
ING INDEX PLUS SMALLCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.16  $15.48  $16.73  $14.90  $14.02  $11.64  $10.00 
Value at end of period  $12.52  $10.16  $15.48  $16.73  $14.90  $14.02  $11.64 
Number of accumulation units outstanding at end of period  218  218  942  1,659  1,840  1,842  1,049 
ING INTERMEDIATE BOND PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $9.83  $10.87  $10.40  $10.00       
Value at end of period  $10.82  $9.83  $10.87  $10.40       
Number of accumulation units outstanding at end of period  2,651  0  1,815  1,945       
ING INTERNATIONAL INDEX PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.07             
Value at end of period  $7.67             
Number of accumulation units outstanding at end of period  1,250             
ING JANUS CONTRARIAN PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $9.68  $19.17  $16.03  $14.22       
Value at end of period  $13.07  $9.68  $19.17  $16.03       
Number of accumulation units outstanding at end of period  2,096  2,098  2,549  406       
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $12.22  $25.34  $18.49  $16.05       
Value at end of period  $20.74  $12.22  $25.34  $18.49       
Number of accumulation units outstanding at end of period  610  1,606  1,896  2,026       
ING JPMORGAN MID CAP VALUE PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $11.71  $17.67  $17.45  $15.14  $14.10  $11.82  $10.00 
Value at end of period  $14.56  $11.71  $17.67  $17.45  $15.14  $14.10  $11.82 
Number of accumulation units outstanding at end of period  1,823  1,121  1,834  1,980  2,059  1,643  1,642 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.39  $14.99  $15.41  $13.35  $13.01  $10.44  $10.00 
Value at end of period  $13.09  $10.39  $14.99  $15.41  $13.35  $13.01  $10.44 
Number of accumulation units outstanding at end of period  793  960  1,170  2,451  2,307  1,799  185 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.18  $13.63  $14.04  $12.90  $11.63     
Value at end of period  $10.69  $8.18  $13.63  $14.04  $12.90     
Number of accumulation units outstanding at end of period  574  575  575  575  575     

Empire Traditions

CFI 3


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING LIQUID ASSETS PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $18.35  $18.10  $17.43  $16.99       
Value at end of period  $18.22  $18.35  $18.10  $17.43       
Number of accumulation units outstanding at end of period  73,578  58,287  717  102       
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO               
(Fund first available during September 2005)               
Value at beginning of period  $9.10  $18.22  $15.27  $12.45  $11.23     
Value at end of period  $12.40  $9.10  $18.22  $15.27  $12.45     
Number of accumulation units outstanding at end of period  1,019  1,219  1,819  2,008  1,435     
ING MFS TOTAL RETURN PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $22.43  $29.19  $28.36  $25.61  $25.15  $22.87  $10.00 
Value at end of period  $26.16  $22.43  $29.19  $28.36  $25.61  $25.15  $22.87 
Number of accumulation units outstanding at end of period  4,086  3,722  5,912  5,626  5,933  5,121  1,397 
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $8.75  $14.82  $14.05  $12.03  $10.06     
Value at end of period  $12.08  $8.75  $14.82  $14.05  $12.03     
Number of accumulation units outstanding at end of period  2,192  3,548  3,746  3,925  4,136     
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $10.00  $16.97  $16.13  $13.86  $12.37  $10.87  $10.00 
Value at end of period  $13.79  $10.00  $16.97  $16.13  $13.86  $12.37  $10.87 
Number of accumulation units outstanding at end of period  104  811  812  813  202  3,726  1,123 
ING PIMCO HIGH YIELD PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.42  $12.29  $12.07  $11.20  $10.85  $10.00   
Value at end of period  $13.92  $9.42  $12.29  $12.07  $11.20  $10.85   
Number of accumulation units outstanding at end of period  2,074  2,074  5,386  6,722  6,615  6,112   
ING PIMCO TOTAL RETURN BOND PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $16.38  $15.88  $14.73  $14.27  $14.07  $13.56  $10.00 
Value at end of period  $18.54  $16.38  $15.88  $14.73  $14.27  $14.07  $13.56 
Number of accumulation units outstanding at end of period  7,844  6,600  8,528  8,574  8,560  8,679  2,680 
ING RETIREMENT GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.22             
Value at end of period  $9.38             
Number of accumulation units outstanding at end of period  1,021             
ING RETIREMENT MODERATE GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.50             
Value at end of period  $9.64             
Number of accumulation units outstanding at end of period  23,734             
ING RETIREMENT MODERATE PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.75             
Value at end of period  $9.87             
Number of accumulation units outstanding at end of period  2,277             

Empire Traditions

CFI 4


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $10.85             
Value at end of period  $12.72             
Number of accumulation units outstanding at end of period  3,157             
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $6.99             
Value at end of period  $8.22             
Number of accumulation units outstanding at end of period  1,637             
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $10.65             
Value at end of period  $12.54             
Number of accumulation units outstanding at end of period  965             
ING RUSSELLTM MID CAP INDEX PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $8.32             
Value at end of period  $8.50             
Number of accumulation units outstanding at end of period  80             
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO               
(Funds were first received in this option during September 2008)               
Value at beginning of period  $6.99  $10.06           
Value at end of period  $8.74  $6.99           
Number of accumulation units outstanding at end of period  3,530  3,531           
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.27  $12.92  $12.51  $11.03  $10.79     
Value at end of period  $12.22  $9.27  $12.92  $12.51  $11.03     
Number of accumulation units outstanding at end of period  1,548  1,473  414  438  463     
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period    $13.86  $13.59  $11.53  $11.02     
Value at end of period    $8.82  $13.86  $13.59  $11.53     
Number of accumulation units outstanding at end of period    0  486  486  540     
ING TEMPLETON FOREIGN EQUITY PORTFOLIO               
(Fund first available during May 2006)               
Value at beginning of period  $7.51  $12.78  $11.21  $9.79       
Value at end of period  $9.80  $7.51  $12.78  $11.21       
Number of accumulation units outstanding at end of period  821  1,869  1,870  1,871       
ING U.S. BOND INDEX PORTFOLIO               
(Funds were first received in this option during September 2008)               
Value at beginning of period  $10.23  $10.00           
Value at end of period  $10.68  $10.23           
Number of accumulation units outstanding at end of period  663  62           
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.10  $13.65  $13.66  $12.08  $11.17     
Value at end of period  $10.55  $8.10  $13.65  $13.66  $12.08     
Number of accumulation units outstanding at end of period  598  598  598  598  598     

Empire Traditions

CFI 5


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING VAN KAMPEN COMSTOCK PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $8.80  $14.00  $14.47  $12.62  $12.33  $10.67  $10.00 
Value at end of period  $11.19  $8.80  $14.00  $14.47  $12.62  $12.33  $10.67 
Number of accumulation units outstanding at end of period  7,165  6,489  6,843  6,890  7,029  6,994  5,965 
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO               
(Funds were first received in this option during June 2009)               
Value at beginning of period  $8.81             
Value at end of period  $10.68             
Number of accumulation units outstanding at end of period  567             
PROFUND VP RISING RATES OPPORTUNITY               
(Fund first available during September 2003)               
Value at beginning of period  $4.73  $7.70  $8.21  $7.54  $8.27  $8.75   
Value at end of period  $6.19  $4.73  $7.70  $8.21  $7.54  $8.27   
Number of accumulation units outstanding at end of period  679  687  3,057  3,231  528  528   
 
 
  Separate Account Annual Charges of 1.25%       
 
  2009  2008  2007  2006  2005  2004  2003 
 
AIM V.I. LEISURE FUND               
(Fund first available during May 2003)               
Value at beginning of period  $7.95  $14.13  $14.43  $11.73  $11.24     
Value at end of period  $10.42  $7.95  $14.13  $14.43  $11.73     
Number of accumulation units outstanding at end of period  781  786  953  4,406  4,579     
BLACKROCK GLOBAL ALLOCATION V.I. FUND               
(Funds were first received in this option during May 2008)               
Value at beginning of period  $8.00  $10.15           
Value at end of period  $9.55  $8.00           
Number of accumulation units outstanding at end of period  364,799  131,313           
COLUMBIA SMALL CAP VALUE FUND VS               
(Fund first available during May 2005)               
Value at beginning of period  $9.15  $12.90  $13.41  $11.38  $10.43     
Value at end of period  $11.30  $9.15  $12.90  $13.41  $11.38     
Number of accumulation units outstanding at end of period  19,452  19,699  22,502  22,535  14,990     
FIDELITY® VIP CONTRAFUND® PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.37  $18.33  $15.82  $14.38  $12.48  $10.98  $10.00 
Value at end of period  $13.88  $10.37  $18.33  $15.82  $14.38  $12.48  $10.98 
Number of accumulation units outstanding at end of period  421,991  452,705  336,347  249,402  90,276  17,580  4,395 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.72  $13.67  $13.67  $11.55  $11.07  $10.08  $10.00 
Value at end of period  $9.90  $7.72  $13.67  $13.67  $11.55  $11.07  $10.08 
Number of accumulation units outstanding at end of period  97,079  105,147  102,129  64,510  33,603  16,686  3,715 

Empire Traditions

CFI 6


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO               
(Funds were first received in this option during May 2008)               
Value at beginning of period  $7.20  $10.06           
Value at end of period  $8.77  $7.20           
Number of accumulation units outstanding at end of period  274,315  11,165           
ING AMERICAN FUNDS BOND PORTFOLIO               
(Funds were first received in this option during February 2008)               
Value at beginning of period  $8.86  $10.02           
Value at end of period  $9.81  $8.86           
Number of accumulation units outstanding at end of period  233,159  346,094           
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.84  $14.48  $14.03  $12.40  $11.92  $11.00  $10.00 
Value at end of period  $11.39  $8.84  $14.48  $14.03  $12.40  $11.92  $11.00 
Number of accumulation units outstanding at end of period  603,138  562,553  458,954  308,746  152,976  13,726  785 
ING AMERICAN FUNDS GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.94  $16.25  $14.72  $13.60  $11.91  $10.78  $10.00 
Value at end of period  $12.25  $8.94  $16.25  $14.72  $13.60  $11.91  $10.78 
Number of accumulation units outstanding at end of period  987,116  973,551  651,428  417,782  154,103  25,130  788 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $12.73  $22.41  $19.01  $16.26  $13.62  $11.62  $10.00 
Value at end of period  $17.90  $12.73  $22.41  $19.01  $16.26  $13.62  $11.62 
Number of accumulation units outstanding at end of period  289,246  273,601  249,916  137,611  72,215  12,995  753 
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO               
(Funds were first received in this option during March 2009)               
Value at beginning of period  $9.19             
Value at end of period  $14.06             
Number of accumulation units outstanding at end of period  26,297             
ING ARTIO FOREIGN PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $11.56  $20.76  $18.05  $14.15  $12.42  $11.24   
Value at end of period  $13.72  $11.56  $20.76  $18.05  $14.15  $12.42   
Number of accumulation units outstanding at end of period  243,869  242,282  159,323  75,016  38,017  11,132   
ING BARON SMALL CAP GROWTH PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $7.62  $13.14  $12.54  $11.02  $10.32     
Value at end of period  $10.18  $7.62  $13.14  $12.54  $11.02     
Number of accumulation units outstanding at end of period  299,657  242,331  185,077  122,778  22,953     
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO             
(Funds were first received in this option during May 2009)               
Value at beginning of period  $10.08             
Value at end of period  $10.60             
Number of accumulation units outstanding at end of period  122,797             
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $7.81  $12.99  $12.32  $11.65  $10.91     
Value at end of period  $10.05  $7.81  $12.99  $12.32  $11.65     
Number of accumulation units outstanding at end of period  107,683  88,482  30,020  10,061  1,111     

Empire Traditions

CFI 7


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING BLACKROCK LARGE CAP VALUE PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $8.46  $13.25  $12.86  $11.20  $10.59     
Value at end of period  $9.43  $8.46  $13.25  $12.86  $11.20     
Number of accumulation units outstanding at end of period  18,607  18,271  19,515  7,436  1,112     
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO               
(Funds were first received in this option during April 2008)               
Value at beginning of period  $6.51  $9.99           
Value at end of period  $9.81  $6.51           
Number of accumulation units outstanding at end of period  85,756  49,136           
ING CLARION GLOBAL REAL ESTATE PORTFOLIO               
(Fund first available during June 2006)               
Value at beginning of period  $7.24  $12.48  $13.64  $10.33       
Value at end of period  $9.54  $7.24  $12.48  $13.64       
Number of accumulation units outstanding at end of period  108,722  88,338  52,029  13,686       
ING CLARION REAL ESTATE PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $10.76  $17.72  $21.82  $16.05  $13.92  $11.73   
Value at end of period  $14.44  $10.76  $17.72  $21.82  $16.05  $13.92   
Number of accumulation units outstanding at end of period  114,888  120,927  130,135  46,576  29,167  7,477   
ING COLUMBIA SMALL CAP VALUE PORTFOLIO               
(Fund first available during May 2006)               
Value at beginning of period  $6.66  $10.23  $10.06  $10.22       
Value at end of period  $8.20  $6.66  $10.23  $10.06       
Number of accumulation units outstanding at end of period  107,163  105,155  65,748  22,521       
ING DAVIS NEW YORK VENTURE PORTFOLIO               
(Fund first available during January 2006)               
Value at beginning of period  $6.88  $11.46  $11.15  $10.16       
Value at end of period  $8.94  $6.88  $11.46  $11.15       
Number of accumulation units outstanding at end of period  250,804  198,967  122,556  39,777       
ING DOW JONES EURO STOXX 50 INDEX PORTFOLIO               
(Funds were first received in this option during November 2009)               
Value at beginning of period  $9.76             
Value at end of period  $9.81             
Number of accumulation units outstanding at end of period  56             
ING EVERGREEN HEALTH SCIENCES PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $9.18  $13.04  $12.16  $10.81  $9.92  $9.10   
Value at end of period  $10.89  $9.18  $13.04  $12.16  $10.81  $9.92   
Number of accumulation units outstanding at end of period  121,233  154,642  149,840  140,305  58,095  1,602   
ING EVERGREEN OMEGA PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.86  $12.39  $11.24  $10.78  $10.02     
Value at end of period  $12.47  $8.86  $12.39  $11.24  $10.78     
Number of accumulation units outstanding at end of period  37,460  7,131  6,592  1,027  1,028     
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.03  $15.03  $13.29  $12.03  $10.25     
Value at end of period  $12.41  $9.03  $15.03  $13.29  $12.03     
Number of accumulation units outstanding at end of period  143,814  131,940  86,660  45,962  23,794     

Empire Traditions

CFI 8


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING FOCUS 5 PORTFOLIO               
(Funds were first received in this option during December 2007)               
Value at beginning of period  $5.59  $9.95  $9.70         
Value at end of period  $6.73  $5.59  $9.95         
Number of accumulation units outstanding at end of period  13,817  21,430  7,217         
ING FRANKLIN INCOME PORTFOLIO               
(Fund first available during June 2006)               
Value at beginning of period  $7.74  $11.09  $10.94  $10.01       
Value at end of period  $10.10  $7.74  $11.09  $10.94       
Number of accumulation units outstanding at end of period  307,588  290,278  202,528  42,579       
ING FRANKLIN MUTUAL SHARES PORTFOLIO               
(Funds were first received in this option during May 2007)               
Value at beginning of period  $7.31  $11.90  $12.54         
Value at end of period  $9.14  $7.31  $11.90         
Number of accumulation units outstanding at end of period  184,843  195,495  136,081         
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO             
(Funds were first received in this option during June 2007)               
Value at beginning of period  $6.11  $9.62  $10.19         
Value at end of period  $7.86  $6.11  $9.62         
Number of accumulation units outstanding at end of period  196,242  193,793  63,615         
ING GLOBAL RESOURCES PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $12.31  $21.14  $16.06  $13.40  $9.68     
Value at end of period  $16.72  $12.31  $21.14  $16.06  $13.40     
Number of accumulation units outstanding at end of period  174,275  142,019  78,152  54,746  24,945     
ING GROWTH AND INCOME PORTFOLIO               
(Funds were first received in this option during April 2008)               
Value at beginning of period  $6.11  $9.39           
Value at end of period  $7.85  $6.11           
Number of accumulation units outstanding at end of period  153,189  23,803           
ING HANG SENG INDEX PORTFOLIO               
(Funds were first received in this option during May 2009)               
Value at beginning of period  $9.99             
Value at end of period  $12.98             
Number of accumulation units outstanding at end of period  23,083             
ING INDEX PLUS LARGECAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $7.35  $11.90  $11.50  $10.19  $9.81  $9.01  $10.00 
Value at end of period  $8.93  $7.35  $11.90  $11.50  $10.19  $9.81  $9.01 
Number of accumulation units outstanding at end of period  68,833  69,344  128,669  62,669  29,599  15,049  491 
ING INDEX PLUS MIDCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.69  $15.75  $15.16  $14.06  $12.85  $11.18  $10.00 
Value at end of period  $12.58  $9.69  $15.75  $15.16  $14.06  $12.85  $11.18 
Number of accumulation units outstanding at end of period  95,086  99,125  100,531  64,209  43,839  9,843  4,155 
ING INDEX PLUS SMALLCAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.01  $15.28  $16.55  $14.77  $13.93  $11.58  $10.00 
Value at end of period  $12.31  $10.01  $15.28  $16.55  $14.77  $13.93  $11.58 
Number of accumulation units outstanding at end of period  57,348  58,407  61,324  38,457  37,399  10,443  2,811 

Empire Traditions

CFI 9


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING INTERMEDIATE BOND PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.76  $10.81  $10.36  $10.11  $10.06     
Value at end of period  $10.72  $9.76  $10.81  $10.36  $10.11     
Number of accumulation units outstanding at end of period  270,028  176,738  406,528  191,871  60,873     
ING INTERNATIONAL INDEX PORTFOLIO               
(Funds were first received in this option during June 2008)               
Value at beginning of period  $6.07  $9.32           
Value at end of period  $7.64  $6.07           
Number of accumulation units outstanding at end of period  237,199  73,108           
ING JANUS CONTRARIAN PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $9.59  $19.03  $15.94  $13.12  $11.36     
Value at end of period  $12.92  $9.59  $19.03  $15.94  $13.12     
Number of accumulation units outstanding at end of period  254,383  252,271  61,221  10,838  2,946     
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $12.13  $25.20  $18.43  $13.74  $10.86     
Value at end of period  $20.54  $12.13  $25.20  $18.43  $13.74     
Number of accumulation units outstanding at end of period  256,131  234,750  167,219  78,420  23,627     
ING JPMORGAN MID CAP VALUE PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $11.55  $17.47  $17.29  $15.02  $14.02  $11.78  $10.00 
Value at end of period  $14.33  $11.55  $17.47  $17.29  $15.02  $14.02  $11.78 
Number of accumulation units outstanding at end of period  53,374  39,177  12,624  19,297  20,685  8,711  205 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.25  $14.82  $15.26  $13.25  $12.94  $10.41  $10.00 
Value at end of period  $12.89  $10.25  $14.82  $15.26  $13.25  $12.94  $10.41 
Number of accumulation units outstanding at end of period  76,273  85,644  133,155  96,791  47,104  3,327  361 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.09  $13.51  $13.95  $12.84  $11.69  $10.83   
Value at end of period  $10.55  $8.09  $13.51  $13.95  $12.84  $11.69   
Number of accumulation units outstanding at end of period  20,747  21,404  21,774  11,763  7,481  3,006   
ING LIQUID ASSETS PORTFOLIO               
(Fund first available during November 2003)               
Value at beginning of period  $17.65  $17.45  $16.83  $16.29  $16.09  $16.10  $16.18 
Value at end of period  $17.48  $17.65  $17.45  $16.83  $16.29  $16.04  $16.10 
Number of accumulation units outstanding at end of period  295,619  320,053  149,052  72,810  22,134  13,566  7,332 
ING LORD ABBETT AFFILIATED PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $9.40  $15.01  $14.60  $12.57  $12.22     
Value at end of period  $11.03  $9.40  $15.01  $14.60  $12.57     
Number of accumulation units outstanding at end of period  4,402  4,457  4,506  4,275  47     
ING MARSICO GROWTH PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.31  $14.10  $12.51  $12.07  $11.22  $10.11   
Value at end of period  $10.59  $8.31  $14.10  $12.51  $12.07  $11.22   
Number of accumulation units outstanding at end of period  96,990  123,543  93,928  70,893  48,767  29,775   

Empire Traditions

CFI 10


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.04  $18.13  $15.22  $12.43  $10.14     
Value at end of period  $12.28  $9.04  $18.13  $15.22  $12.43     
Number of accumulation units outstanding at end of period  141,709  173,267  58,960  33,860  25,653     
ING MFS TOTAL RETURN PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $21.79  $28.42  $27.67  $25.03  $24.63  $22.45  $10.00 
Value at end of period  $25.37  $21.79  $28.42  $27.67  $25.03  $24.63  $22.45 
Number of accumulation units outstanding at end of period  103,904  73,726  69,490  52,936  60,932  28,054  151 
ING MFS UTILITIES PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $11.40  $18.54  $14.74  $11.41  $10.35     
Value at end of period  $14.95  $11.40  $18.54  $14.74  $11.41     
Number of accumulation units outstanding at end of period  191,297  181,270  142,734  87,799  22,879     
ING MIDCAP OPPORTUNITIES PORTFOLIO               
(Funds were first received in this option during April 2008)               
Value at beginning of period  $6.48  $10.06           
Value at end of period  $9.03  $6.48           
Number of accumulation units outstanding at end of period  57,257  78,699           
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $8.68  $14.73  $14.00  $12.02  $10.06     
Value at end of period  $11.97  $8.68  $14.73  $14.00  $12.02     
Number of accumulation units outstanding at end of period  1,864  1,960  2,112  2,166  2,287     
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)               
(Fund first available during May 2003)               
Value at beginning of period  $9.86  $16.78  $15.98  $13.76  $12.30  $11.14   
Value at end of period  $13.57  $9.86  $16.78  $15.98  $13.76  $12.30   
Number of accumulation units outstanding at end of period  148,540  160,981  156,178  96,821  24,471  4   
ING OPPORTUNISTIC LARGECAP PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $6.80  $10.72  $10.57  $9.24  $8.77  $8.15   
Value at end of period  $7.71  $6.80  $10.72  $10.57  $9.24  $8.77   
Number of accumulation units outstanding at end of period  240  240  241  241  241  242   
ING PIMCO HIGH YIELD PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $9.33  $12.20  $12.01  $11.16  $10.83  $10.00   
Value at end of period  $13.76  $9.33  $12.20  $12.01  $11.16  $10.83   
Number of accumulation units outstanding at end of period  92,830  100,970  106,687  54,172  34,470  8,911   
ING PIMCO TOTAL RETURN BOND PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $15.91  $15.46  $14.37  $13.95  $13.78  $13.31  $10.00 
Value at end of period  $17.98  $15.91  $15.46  $14.37  $13.95  $13.78  $13.31 
Number of accumulation units outstanding at end of period  571,278  297,314  132,526  166,024  115,288  0  1,996 
ING PIONEER FUND PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $8.48  $13.15  $12.67  $10.99  $10.44     
Value at end of period  $10.39  $8.48  $13.15  $12.67  $10.99     
Number of accumulation units outstanding at end of period  2,806  3,793  3,666  1,462  2,028     

Empire Traditions

CFI 11


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING PIONEER MID CAP VALUE PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $8.33  $12.61  $12.10  $10.91  $10.36     
Value at end of period  $10.29  $8.33  $12.61  $12.10  $10.91     
Number of accumulation units outstanding at end of period  189,692  214,684  111,584  88,856  40,622     
ING RETIREMENT CONSERVATIVE PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $8.25             
Value at end of period  $8.32             
Number of accumulation units outstanding at end of period  45,871             
ING RETIREMENT GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.22             
Value at end of period  $9.38             
Number of accumulation units outstanding at end of period  2,823,821             
ING RETIREMENT MODERATE GROWTH PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.50             
Value at end of period  $9.63             
Number of accumulation units outstanding at end of period  2,183,005             
ING RETIREMENT MODERATE PORTFOLIO               
(Funds were first received in this option during October 2009)               
Value at beginning of period  $9.75             
Value at end of period  $9.86             
Number of accumulation units outstanding at end of period  822,942             
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO               
(Funds were first received in this option during June 2009)               
Value at beginning of period  $10.25             
Value at end of period  $12.70             
Number of accumulation units outstanding at end of period  28,779             
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO               
(Funds were first received in this option during May 2008)               
Value at beginning of period  $6.72  $10.05           
Value at end of period  $8.19  $6.72           
Number of accumulation units outstanding at end of period  180,071  46,481           
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO               
(Funds were first received in this option during July 2009)               
Value at beginning of period  $10.65             
Value at end of period  $12.53             
Number of accumulation units outstanding at end of period  43,264             
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO               
(Funds were first received in this option during June 2009)               
Value at beginning of period  $10.34             
Value at end of period  $13.01             
Number of accumulation units outstanding at end of period  52,320             
ING RUSSELLTM MID CAP INDEX PORTFOLIO               
(Funds were first received in this option during June 2008)               
Value at beginning of period  $6.14  $9.85           
Value at end of period  $8.47  $6.14           
Number of accumulation units outstanding at end of period  106,352  18,433           

Empire Traditions

CFI 12


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO               
(Funds were first received in this option during June 2008)               
Value at beginning of period  $6.98  $9.77           
Value at end of period  $8.71  $6.98           
Number of accumulation units outstanding at end of period  56,688  18,746           
ING SMALLCAP OPPORTUNITIES PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.32  $14.43  $13.31  $11.99  $10.71     
Value at end of period  $12.03  $9.32  $14.43  $13.31  $11.99     
Number of accumulation units outstanding at end of period  8,638  8,649  13,101  11,879  2,080     
ING SMALL COMPANY PORTFOLIO               
(Funds were first received in this option during June 2008)               
Value at beginning of period  $7.16  $10.68           
Value at end of period  $8.99  $7.16           
Number of accumulation units outstanding at end of period  23,571  4,432           
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.20  $12.85  $12.47  $11.01  $10.22     
Value at end of period  $12.10  $9.20  $12.85  $12.47  $11.01     
Number of accumulation units outstanding at end of period  953,667  882,397  636,499  284,773  47,372     
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.73  $13.76  $13.52  $11.49  $11.20  $9.75   
Value at end of period  $10.78  $8.73  $13.76  $13.52  $11.49  $11.20   
Number of accumulation units outstanding at end of period  167,344  169,512  198,755  154,789  60,200  10,114   
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO               
(Funds were first received in this option during June 2007)               
Value at beginning of period  $5.80  $10.18  $10.29         
Value at end of period  $8.16  $5.80  $10.18         
Number of accumulation units outstanding at end of period  53,007  29,692  5,957         
ING TEMPLETON FOREIGN EQUITY PORTFOLIO               
(Fund first available during May 2006)               
Value at beginning of period  $7.47  $12.74  $11.20  $9.81       
Value at end of period  $9.73  $7.47  $12.74  $11.20       
Number of accumulation units outstanding at end of period  143,272  146,340  55,030  8,763       
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)             
(Fund first available during May 2005)               
Value at beginning of period  $8.35  $14.01  $13.86  $11.51  $10.30     
Value at end of period  $10.91  $8.35  $14.01  $13.86  $11.51     
Number of accumulation units outstanding at end of period  134,065  132,520  205,144  113,249  10,137     
ING U.S. BOND INDEX PORTFOLIO               
(Funds were first received in this option during May 2008)               
Value at beginning of period  $10.21  $10.02           
Value at end of period  $10.64  $10.21           
Number of accumulation units outstanding at end of period  66,818  23,801           
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO               
(Fund first available during May 2004)               
Value at beginning of period  $8.02  $13.54  $13.59  $12.04  $11.02     
Value at end of period  $10.43  $8.02  $13.54  $13.59  $12.04     
Number of accumulation units outstanding at end of period  11,782  15,641  16,042  11,441  5,179     

Empire Traditions

CFI 13


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING VAN KAMPEN COMSTOCK PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $8.68  $13.84  $14.34  $12.53  $12.26  $10.92   
Value at end of period  $11.02  $8.68  $13.84  $14.34  $12.53  $12.26   
Number of accumulation units outstanding at end of period  72,267  74,744  83,594  60,885  49,014  2,107   
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.29  $12.31  $12.07  $10.87  $10.34     
Value at end of period  $11.23  $9.29  $12.31  $12.07  $10.87     
Number of accumulation units outstanding at end of period  38,727  36,970  25,986  12,238  11,146     
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $9.76  $13.84  $12.77  $10.66  $10.06     
Value at end of period  $12.43  $9.76  $13.84  $12.77  $10.66     
Number of accumulation units outstanding at end of period  52,710  30,191  101,207  34,845  862     
ING VAN KAMPEN GLOBAL TACTICAL ASSET ALLOCATION PORTFOLIO               
(Funds were first received in this option during June 2009)               
Value at beginning of period  $10.73             
Value at end of period  $12.36             
Number of accumulation units outstanding at end of period  1,192             
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO               
(Fund first available during May 2005)               
Value at beginning of period  $8.64  $12.91  $12.74  $11.13  $10.37     
Value at end of period  $10.58  $8.64  $12.91  $12.74  $11.13     
Number of accumulation units outstanding at end of period  64,673  48,457  39,535  27,817  17,656     
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO               
(Fund first available during April 2006)               
Value at beginning of period  $7.25  $10.92  $11.48  $10.94       
Value at end of period  $9.31  $7.25  $10.92  $11.48       
Number of accumulation units outstanding at end of period  23,707  11,469  12,700  10,845       
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX               
PORTFOLIO               
(Funds were first received in this option during January 2008)               
Value at beginning of period  $6.09  $9.95           
Value at end of period  $7.81  $6.09           
Number of accumulation units outstanding at end of period  199,497  177,688           
PROFUND VP BULL               
(Fund first available during May 2003)               
Value at beginning of period  $6.39  $10.37  $10.15  $9.04  $8.91  $8.33   
Value at end of period  $7.84  $6.39  $10.37  $10.15  $9.04  $8.91   
Number of accumulation units outstanding at end of period  416  700  1,236  964  1,602  1,119   
PROFUND VP EUROPE 30               
(Fund first available during May 2003)               
Value at beginning of period  $7.27  $13.15  $11.62  $10.02  $9.23  $9.13   
Value at end of period  $9.50  $7.27  $13.15  $11.62  $10.02  $9.38   
Number of accumulation units outstanding at end of period  928  1,194  1,566  1,643  473  619   
PROFUND VP RISING RATES OPPORTUNITY               
(Fund first available during September 2003)               
Value at beginning of period  $4.68  $7.64  $8.16  $7.50  $8.25  $9.05   
Value at end of period  $6.11  $4.68  $7.64  $8.16  $7.50  $8.25   
Number of accumulation units outstanding at end of period  6,935  7,424  7,772  7,652  2,733  1,394   

Empire Traditions

CFI 14


  Condensed Financial Information (continued)     
 
 
 
 
  Separate Account Annual Charges of 1.40%       
 
  2009  2008  2007  2006  2005  2004  2003 
 
BLACKROCK GLOBAL ALLOCATION V.I. FUND               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $7.85             
Value at end of period  $9.53             
Number of accumulation units outstanding at end of period  1,227             
FIDELITY® VIP CONTRAFUND® PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $10.26  $18.15  $15.69  $14.28  $12.42  $11.21   
Value at end of period  $13.70  $10.26  $18.15  $15.69  $14.28  $12.42   
Number of accumulation units outstanding at end of period  7  1,600  2,097  1,786  11,110  1,231   
ING AMERICAN FUNDS BOND PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $9.52             
Value at end of period  $9.78             
Number of accumulation units outstanding at end of period  210             
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.76  $14.38  $13.96  $12.35  $11.90     
Value at end of period  $11.28  $8.76  $14.38  $13.96  $12.35     
Number of accumulation units outstanding at end of period  14,362  15,519  14,906  16,239  34,440     
ING AMERICAN FUNDS GROWTH PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $8.87  $16.14  $14.65  $13.55  $11.89  $10.77  $10.00 
Value at end of period  $12.13  $8.87  $16.14  $14.65  $13.55  $11.89  $10.77 
Number of accumulation units outstanding at end of period  63  9  204  10,146  22,148  5,860  571 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO               
(Fund first available during September 2003)               
Value at beginning of period  $12.63  $22.26  $18.91  $16.21  $13.59  $11.62  $10.00 
Value at end of period  $17.73  $12.63  $22.26  $18.91  $16.21  $13.59  $11.62 
Number of accumulation units outstanding at end of period  13  13  19  6,544  14,672  6,356  441 
ING CLARION GLOBAL REAL ESTATE PORTFOLIO               
(Funds were first received in this option during April 2007)               
Value at beginning of period  $7.21  $12.45  $14.43         
Value at end of period  $9.49  $7.21  $12.45         
Number of accumulation units outstanding at end of period  62  63  64         
ING DAVIS NEW YORK VENTURE PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.81             
Value at end of period  $8.89             
Number of accumulation units outstanding at end of period  1,162             
ING FRANKLIN INCOME PORTFOLIO               
(Funds were first received in this option during February 2009)               
Value at beginning of period  $7.21             
Value at end of period  $10.04             
Number of accumulation units outstanding at end of period  258             

Empire Traditions

CFI 15


                                                                                                                         Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.03             
Value at end of period  $7.83             
Number of accumulation units outstanding at end of period  1,291             
ING INDEX PLUS LARGECAP PORTFOLIO               
Value at beginning of period  $7.27  $11.78  $11.40         
Value at end of period  $8.82  $7.27  $11.78         
Number of accumulation units outstanding at end of period  118  118  400         
ING INDEX PLUS SMALLCAP PORTFOLIO               
Value at beginning of period  $9.90  $15.13  $16.41         
Value at end of period  $12.15  $7.90  $15.13         
Number of accumulation units outstanding at end of period  92  490  567         
ING INTERNATIONAL INDEX PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $7.02             
Value at end of period  $7.62             
Number of accumulation units outstanding at end of period  285             
ING JANUS CONTRARIAN PORTFOLIO               
(Funds were first received in this option during January 2007)               
Value at beginning of period  $9.52  $18.92  $16.57         
Value at end of period  $12.81  $9.52  $18.92         
Number of accumulation units outstanding at end of period  23  24  2,066         
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO               
Value at beginning of period  $12.06  $25.10  $18.38         
Value at end of period  $20.40  $12.06  $25.10         
Number of accumulation units outstanding at end of period  14  986  1,889         
ING JPMORGAN MID CAP VALUE PORTFOLIO               
(Fund first available during May 2003)               
Value at beginning of period  $11.44  $17.32  $17.17  $14.94  $13.97  $11.75  $10.00 
Value at end of period  $14.17  $11.44  $17.32  $17.17  $14.94  $13.97  $11.75 
Number of accumulation units outstanding at end of period  90  90  90  90  182  91  91 
ING LIQUID ASSETS PORTFOLIO               
(Funds were first received in this option during November 2007)               
Value at beginning of period  $17.12  $16.95  $16.88         
Value at end of period  $16.94  $17.12  $16.95         
Number of accumulation units outstanding at end of period  16,817  20,124  393         
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO               
(Fund first available during September 2005)               
Value at beginning of period  $8.99  $18.05  $15.18  $12.42  $11.22     
Value at end of period  $12.19  $8.99  $18.05  $15.18  $12.42     
Number of accumulation units outstanding at end of period  231  231  2,188  2,925  26,238     
ING MFS TOTAL RETURN PORTFOLIO               
(Funds were first received in this option during August 2009)               
Value at beginning of period  $23.32             
Value at end of period  $24.79             
Number of accumulation units outstanding at end of period  191             
ING MFS UTILITIES PORTFOLIO               
(Funds were first received in this option during November 2007)               
Value at beginning of period  $11.34  $18.46  $18.38         
Value at end of period  $14.85  $11.34  $18.46         
Number of accumulation units outstanding at end of period  10  11  11         
 
 
Empire Traditions    CFI 16           


  Condensed Financial Information (continued)     
 
 
 
  2009  2008  2007  2006  2005  2004  2003 
 
ING PIMCO TOTAL RETURN BOND PORTFOLIO               
(Funds were first received in this option during January 2008)               
Value at beginning of period  $15.57  $15.54           
Value at end of period  $17.57  $15.57           
Number of accumulation units outstanding at end of period  399  3,439           
ING PIONEER MID CAP VALUE PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $8.13             
Value at end of period  $10.22             
Number of accumulation units outstanding at end of period  62             
ING RUSSELLTM MID CAP INDEX PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $6.32             
Value at end of period  $8.45             
Number of accumulation units outstanding at end of period  79             
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $9.55             
Value at end of period  $12.02             
Number of accumulation units outstanding at end of period  1,039             
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $8.24             
Value at end of period  $10.69             
Number of accumulation units outstanding at end of period  61             
ING U.S. BOND INDEX PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $10.22             
Value at end of period  $10.62             
Number of accumulation units outstanding at end of period  615             
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO               
(Funds were first received in this option during April 2009)               
Value at beginning of period  $9.31             
Value at end of period  $12.34             
Number of accumulation units outstanding at end of period  81             
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX             
PORTFOLIO               
(Funds were first received in this option during June 2008)               
Value at beginning of period  $6.08  $10.06           
Value at end of period  $7.79  $6.08           
Number of accumulation units outstanding at end of period  0  84           

Empire Traditions

CFI 17


  Condensed Financial Information (continued)   
 
 
 
 
  Separate Account Annual Charges of 1.45%     
 
  2009  2008  2007  2006  2005  2004 
 
AIM V.I. LEISURE FUND             
(Fund first available during May 2003)             
Value at beginning of period  $7.78  $13.86  $14.18  $11.55  $11.04   
Value at end of period  $10.18  $7.78  $13.86  $14.18  $11.55   
Number of accumulation units outstanding at end of period  147  148  149  766  772   
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $7.99  $10.16         
Value at end of period  $9.52  $7.99         
Number of accumulation units outstanding at end of period  185,825  101,667         
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during May 2005)             
Value at beginning of period  $9.08  $12.83  $13.36  $11.36  $10.73   
Value at end of period  $11.19  $9.08  $12.83  $13.36  $11.36   
Number of accumulation units outstanding at end of period  23,272  24,220  25,078  25,963  14,166   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.31  $16.49  $14.26  $12.99  $11.30  $11.14 
Value at end of period  $12.43  $9.31  $16.49  $14.26  $12.99  $11.30 
Number of accumulation units outstanding at end of period  424,963  438,608  216,995  136,022  35,137  1,345 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.55  $13.39  $13.42  $11.35  $10.91  $9.83 
Value at end of period  $9.66  $7.55  $13.39  $13.42  $11.35  $10.91 
Number of accumulation units outstanding at end of period  89,699  97,342  110,859  73,025  20,862  264 
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $7.19  $10.16         
Value at end of period  $8.74  $7.19         
Number of accumulation units outstanding at end of period  153,384  67,518         
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $8.84  $9.91         
Value at end of period  $9.77  $8.84         
Number of accumulation units outstanding at end of period  219,928  131,457         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.01  $13.14  $12.76  $11.30  $10.89  $10.21 
Value at end of period  $10.30  $8.01  $13.14  $12.76  $11.30  $10.89 
Number of accumulation units outstanding at end of period  760,314  689,190  502,005  370,765  142,343  2,440 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.38  $15.26  $13.86  $12.83  $11.26  $10.41 
Value at end of period  $11.46  $8.38  $15.26  $13.86  $12.83  $11.26 
Number of accumulation units outstanding at end of period  1,020,815  994,914  685,178  478,920  125,911  224 

Empire Traditions

CFI 18


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $10.67  $18.82  $16.00  $13.71  $11.51  $10.55 
Value at end of period  $14.97  $10.67  $18.82  $16.00  $13.71  $11.51 
Number of accumulation units outstanding at end of period  527,477  447,504  288,858  202,623  74,022  16 
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $11.38           
Value at end of period  $14.03           
Number of accumulation units outstanding at end of period  12,305           
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.04  $19.87  $17.32  $13.60  $12.35   
Value at end of period  $13.08  $11.04  $19.87  $17.32  $13.60   
Number of accumulation units outstanding at end of period  299,210  307,199  206,533  133,411  35,544   
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.56  $13.07  $12.50  $11.00  $10.50   
Value at end of period  $10.08  $7.56  $13.07  $12.50  $11.00   
Number of accumulation units outstanding at end of period  284,428  238,972  163,994  96,579  20,800   
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.00           
Value at end of period  $10.58           
Number of accumulation units outstanding at end of period  50,010           
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.76  $12.91  $12.28  $11.63  $10.73   
Value at end of period  $9.95  $7.76  $12.91  $12.28  $11.63   
Number of accumulation units outstanding at end of period  73,468  51,777  19,472  14,068  9,551   
ING BLACKROCK LARGE CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.40  $13.18  $12.82  $11.18  $10.67   
Value at end of period  $9.34  $8.40  $13.18  $12.82  $11.18   
Number of accumulation units outstanding at end of period  13,237  12,707  13,709  11,863  5,202   
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.50  $9.99         
Value at end of period  $9.78  $6.50         
Number of accumulation units outstanding at end of period  107,712  85,040         
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Fund first available during May 2006)             
Value at beginning of period  $7.20  $12.44  $13.62  $11.12     
Value at end of period  $9.47  $7.20  $12.44  $13.62     
Number of accumulation units outstanding at end of period  76,459  65,350  42,985  7,839     
ING CLARION REAL ESTATE PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.10  $15.02  $18.53  $13.66  $11.29   
Value at end of period  $12.19  $9.10  $15.02  $18.53  $13.66   
Number of accumulation units outstanding at end of period  68,152  76,435  87,466  72,278  28,640   

Empire Traditions

CFI 19


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING COLUMBIA SMALL CAP VALUE PORTFOLIO             
(Fund first available during May 2006)             
Value at beginning of period  $6.63  $10.20  $10.05  $9.81     
Value at end of period  $8.14  $6.63  $10.20  $10.05     
Number of accumulation units outstanding at end of period  101,684  90,622  47,062  18,899     
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $6.84  $11.42  $11.12  $9.88     
Value at end of period  $8.87  $6.84  $11.42  $11.12     
Number of accumulation units outstanding at end of period  272,723  257,659  200,129  114,294     
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.92  $14.12  $13.20  $11.76  $10.80  $10.68 
Value at end of period  $11.74  $9.92  $14.12  $13.20  $11.76  $10.80 
Number of accumulation units outstanding at end of period  115,638  110,626  38,166  22,788  10,895  1,405 
ING EVERGREEN OMEGA PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.45  $13.23  $12.02  $11.56  $10.17   
Value at end of period  $13.26  $9.45  $13.23  $12.02  $11.56   
Number of accumulation units outstanding at end of period  42,350  9,266  2,541  1,666  2,084   
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.96  $14.95  $13.25  $12.01  $10.66   
Value at end of period  $12.30  $8.96  $14.95  $13.25  $12.01   
Number of accumulation units outstanding at end of period  149,935  128,285  104,376  53,451  15,156   
ING FOCUS 5 PORTFOLIO             
(Funds were first received in this option during October 2007)             
Value at beginning of period  $5.58  $9.94  $10.53       
Value at end of period  $6.70  $5.58  $9.94       
Number of accumulation units outstanding at end of period  64,999  62,523  16,629       
ING FRANKLIN INCOME PORTFOLIO             
(Fund first available during June 2006)             
Value at beginning of period  $7.70  $11.05  $10.92  $9.94     
Value at end of period  $10.02  $7.70  $11.05  $10.92     
Number of accumulation units outstanding at end of period  183,595  191,170  109,295  58,794     
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.29  $11.88  $12.42       
Value at end of period  $9.09  $7.29  $11.88       
Number of accumulation units outstanding at end of period  88,290  89,133  55,250       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.09  $9.60  $10.10       
Value at end of period  $7.82  $6.09  $9.60       
Number of accumulation units outstanding at end of period  447,305  425,218  284,068       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $12.22  $21.02  $16.01  $13.38  $11.07   
Value at end of period  $16.56  $12.22  $21.02  $16.01  $13.38   
Number of accumulation units outstanding at end of period  185,729  180,127  117,097  69,609  6,864   

Empire Traditions

CFI 20


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during November 2007)             
Value at beginning of period  $6.10  $9.95  $9.83       
Value at end of period  $7.82  $6.10  $9.95       
Number of accumulation units outstanding at end of period  111,076  24,504  117       
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $12.44           
Value at end of period  $12.96           
Number of accumulation units outstanding at end of period  11,901           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.16  $13.23  $12.81  $11.38  $10.98  $10.94 
Value at end of period  $9.89  $8.16  $13.23  $12.81  $11.38  $10.98 
Number of accumulation units outstanding at end of period  111,442  130,727  120,196  56,998  48,122  1,371 
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.54  $13.91  $13.41  $12.47  $11.42  $10.21 
Value at end of period  $11.06  $8.54  $13.91  $13.41  $12.47  $11.42 
Number of accumulation units outstanding at end of period  137,088  145,962  144,001  117,795  49,449  3,081 
ING INDEX PLUS SMALLCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.36  $12.79  $13.88  $12.41  $11.73  $10.32 
Value at end of period  $10.26  $8.36  $12.79  $13.88  $12.41  $11.73 
Number of accumulation units outstanding at end of period  132,274  139,820  138,114  85,488  47,961  2,843 
ING INTERMEDIATE BOND PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.68  $10.76  $10.33  $10.10  $10.08   
Value at end of period  $10.62  $9.68  $10.76  $10.33  $10.10   
Number of accumulation units outstanding at end of period  217,376  192,435  124,919  63,522  21,449   
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.06  $10.51         
Value at end of period  $7.62  $6.06         
Number of accumulation units outstanding at end of period  46,792  9,412         
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.84  $19.58  $16.43  $13.55  $11.82   
Value at end of period  $13.23  $9.84  $19.58  $16.43  $13.55   
Number of accumulation units outstanding at end of period  113,355  131,642  82,206  15,002  7,787   
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO           
(Fund first available during May 2005)             
Value at beginning of period  $12.04  $25.06  $18.37  $13.72  $10.95   
Value at end of period  $20.35  $12.04  $25.06  $18.37  $13.72   
Number of accumulation units outstanding at end of period  150,142  158,066  103,410  42,834  6,112   
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.14  $13.85  $13.74  $11.96  $11.50   
Value at end of period  $11.32  $9.14  $13.85  $13.74  $11.96   
Number of accumulation units outstanding at end of period  20,518  9,416  4,884  4,997  5,388   

Empire Traditions

CFI 21


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.31  $13.48  $13.92  $12.11  $11.23   
Value at end of period  $11.68  $9.31  $13.48  $13.92  $12.11   
Number of accumulation units outstanding at end of period  117,618  109,824  117,760  96,529  33,494   
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.59  $12.70  $13.13  $12.11  $10.49   
Value at end of period  $9.87  $7.59  $12.70  $13.13  $12.11   
Number of accumulation units outstanding at end of period  37,383  37,344  24,701  18,897  15,673   
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.91  $10.80  $10.44  $10.13  $10.01   
Value at end of period  $10.78  $10.91  $10.80  $10.44  $10.13   
Number of accumulation units outstanding at end of period  447,413  572,999  535,916  117,705  127,891   
ING LORD ABBETT AFFILIATED PORTFOLIO             
(Fund first available during March 2006)             
Value at beginning of period  $8.37  $13.40  $13.05  $11.99     
Value at end of period  $9.80  $8.37  $13.40  $13.05     
Number of accumulation units outstanding at end of period  11,644  11,804  11,869  9,941     
ING MARSICO GROWTH PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.39  $14.26  $12.68  $12.26  $10.83   
Value at end of period  $10.67  $8.39  $14.26  $12.68  $12.26   
Number of accumulation units outstanding at end of period  148,997  143,262  134,618  110,823  20,150   
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.97  $18.03  $15.17  $12.41  $10.10   
Value at end of period  $12.16  $8.97  $18.03  $15.17  $12.41   
Number of accumulation units outstanding at end of period  64,814  63,984  39,485  13,670  9,405   
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.43  $12.33  $12.03  $10.90  $10.75  $10.10 
Value at end of period  $10.96  $9.43  $12.33  $12.03  $10.90  $10.75 
Number of accumulation units outstanding at end of period  118,834  119,316  91,597  73,391  50,510  270 
ING MFS UTILITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.32  $18.44  $14.69  $11.39  $10.14   
Value at end of period  $14.81  $11.32  $18.44  $14.69  $11.39   
Number of accumulation units outstanding at end of period  156,574  152,192  92,698  57,566  14,119   
ING MIDCAP OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.47  $10.06         
Value at end of period  $9.00  $6.47         
Number of accumulation units outstanding at end of period  85,291  84,002         
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.91           
Value at end of period  $13.40           
Number of accumulation units outstanding at end of period  15,130           

Empire Traditions

CFI 22


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $8.62  $14.65  $13.95  $12.00  $10.06   
Value at end of period  $11.86  $8.62  $14.65  $13.95  $12.00   
Number of accumulation units outstanding at end of period  2,943  3,124  3,095  3,457  5,989   
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)           
(Fund first available during May 2003)             
Value at beginning of period  $9.29  $15.83  $15.11  $13.03  $11.11   
Value at end of period  $12.75  $9.29  $15.83  $15.11  $13.03   
Number of accumulation units outstanding at end of period  112,932  125,344  106,431  80,397  22,381   
ING OPPORTUNISTIC LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.27  $13.07  $12.91  $11.31  $10.15   
Value at end of period  $9.36  $8.27  $13.07  $12.91  $11.31   
Number of accumulation units outstanding at end of period  722  2,562  2,650  2,008  2,677   
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.98  $11.76  $11.60  $10.80  $10.38   
Value at end of period  $13.22  $8.98  $11.76  $11.60  $10.80   
Number of accumulation units outstanding at end of period  105,900  129,112  113,011  75,897  33,091   
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.61  $11.31  $10.53  $10.24  $10.14  $10.03 
Value at end of period  $13.10  $11.61  $11.31  $10.53  $10.24  $10.14 
Number of accumulation units outstanding at end of period  692,813  604,821  84,218  57,446  39,356  2,181 
ING PIONEER FUND PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.41  $13.08  $12.63  $10.98  $10.66   
Value at end of period  $10.29  $8.41  $13.08  $12.63  $10.98   
Number of accumulation units outstanding at end of period  7,536  6,776  5,874  776  392   
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.27  $12.54  $12.06  $10.89  $10.14   
Value at end of period  $10.19  $8.27  $12.54  $12.06  $10.89   
Number of accumulation units outstanding at end of period  265,095  203,910  173,972  124,247  32,914   
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.25           
Value at end of period  $8.31           
Number of accumulation units outstanding at end of period  27,962           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.22           
Value at end of period  $9.37           
Number of accumulation units outstanding at end of period  3,167,564           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.63           
Number of accumulation units outstanding at end of period  2,411,511           

Empire Traditions

CFI 23


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.86           
Number of accumulation units outstanding at end of period  973,278           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.84           
Value at end of period  $12.68           
Number of accumulation units outstanding at end of period  6,237           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.71  $10.25         
Value at end of period  $8.16  $6.71         
Number of accumulation units outstanding at end of period  141,700  20,816         
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.82           
Value at end of period  $12.51           
Number of accumulation units outstanding at end of period  19,791           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.83           
Value at end of period  $12.99           
Number of accumulation units outstanding at end of period  89,782           
ING RUSSELLTM MID CAP INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.13  $10.75         
Value at end of period  $8.44  $6.13         
Number of accumulation units outstanding at end of period  30,501  12,198         
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.97  $10.32         
Value at end of period  $8.68  $6.97         
Number of accumulation units outstanding at end of period  32,837  17,996         
ING SMALLCAP OPPORTUNITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.25  $14.35  $13.26  $11.98  $10.81   
Value at end of period  $11.92  $9.25  $14.35  $13.26  $11.98   
Number of accumulation units outstanding at end of period  10,053  10,347  11,539  12,240  4,186   
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.15  $10.48         
Value at end of period  $8.96  $7.15         
Number of accumulation units outstanding at end of period  82,969  9,211         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.13  $12.78  $12.42  $11.00  $10.52   
Value at end of period  $11.99  $9.13  $12.78  $12.42  $11.00   
Number of accumulation units outstanding at end of period  499,062  483,336  286,314  206,508  28,588   

Empire Traditions

CFI 24


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.53  $13.46  $13.25  $11.29  $11.02  $10.23 
Value at end of period  $10.50  $8.53  $13.46  $13.25  $11.29  $11.02 
Number of accumulation units outstanding at end of period  125,884  109,114  50,188  35,019  30,296  196 
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during August 2007)             
Value at beginning of period  $5.78  $10.17  $9.64       
Value at end of period  $8.12  $5.78  $10.17       
Number of accumulation units outstanding at end of period  204,483  58,691  6,290       
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Fund first available during June 2006)             
Value at beginning of period  $7.43  $12.70  $11.18  $9.31     
Value at end of period  $9.65  $7.43  $12.70  $11.18     
Number of accumulation units outstanding at end of period  187,735  184,557  36,677  4,598     
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)             
(Fund first available during May 2005)             
Value at beginning of period  $8.29  $13.94  $13.81  $11.49  $10.66   
Value at end of period  $10.80  $8.29  $13.94  $13.81  $11.49   
Number of accumulation units outstanding at end of period  83,214  82,347  56,459  19,474  2,400   
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $10.20  $10.01         
Value at end of period  $10.61  $10.20         
Number of accumulation units outstanding at end of period  107,574  62,689         
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $7.93  $13.41  $13.48  $11.97  $10.86   
Value at end of period  $10.28  $7.93  $13.41  $13.48  $11.97   
Number of accumulation units outstanding at end of period  15,446  18,311  19,127  17,226  14,395   
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.82  $12.50  $12.98  $11.37  $11.15  $11.04 
Value at end of period  $9.91  $7.82  $12.50  $12.98  $11.37  $11.15 
Number of accumulation units outstanding at end of period  151,844  88,036  72,279  66,407  35,581  2,038 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.22  $12.24  $12.03  $10.86  $10.68   
Value at end of period  $11.12  $9.22  $12.24  $12.03  $10.86   
Number of accumulation units outstanding at end of period  21,416  14,339  4,964  2,548  1,179   
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.69  $13.76  $12.73  $10.65  $10.17   
Value at end of period  $12.31  $9.69  $13.76  $12.73  $10.65   
Number of accumulation units outstanding at end of period  96,622  50,112  58,143  34,264  22,841   
ING VAN KAMPEN GLOBAL TACTICAL ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.57           
Value at end of period  $12.34           
Number of accumulation units outstanding at end of period  4,396           

Empire Traditions

CFI 25


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.58  $12.84  $12.70  $11.11  $10.39   
Value at end of period  $10.47  $8.58  $12.84  $12.70  $11.11   
Number of accumulation units outstanding at end of period  56,910  35,636  28,275  20,255  4,381   
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $7.20  $10.87  $11.45  $10.36     
Value at end of period  $9.23  $7.20  $10.87  $11.45     
Number of accumulation units outstanding at end of period  7,193  6,170  6,386  5,665     
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX           
PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $6.08  $9.67         
Value at end of period  $7.78  $6.08         
Number of accumulation units outstanding at end of period  89,814  88,282         
PROFUND VP BULL             
(Fund first available during May 2003)             
Value at beginning of period  $7.73  $12.59  $12.33  $11.01  $10.20   
Value at end of period  $9.47  $7.73  $12.59  $12.33  $11.01   
Number of accumulation units outstanding at end of period  523  492  499  721  297   
PROFUND VP EUROPE 30             
(Fund first available during May 2003)             
Value at beginning of period  $8.71  $15.78  $13.98  $12.07  $10.76   
Value at end of period  $11.35  $8.71  $15.78  $13.98  $12.07   
Number of accumulation units outstanding at end of period  1,622  1,634  1,600  1,378  1,392   
 
 
  Separate Account Annual Charges of 1.55%     
 
  2009  2008  2007  2006  2005  2004 
 
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $7.98  $8.52         
Value at end of period  $9.50  $7.98         
Number of accumulation units outstanding at end of period  0  837         
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during August 2005)             
Value at beginning of period  $9.05  $12.80  $13.34  $11.35  $10.98   
Value at end of period  $11.14  $9.05  $12.80  $13.34  $11.35   
Number of accumulation units outstanding at end of period  46  46  46  47  439   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.14  $17.98  $15.57  $14.19  $12.35  $10.90 
Value at end of period  $13.53  $10.14  $17.98  $15.57  $14.19  $12.35 
Number of accumulation units outstanding at end of period  28,051  33,345  38,330  42,688  18,592  21,263 

Empire Traditions

CFI 26


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.55  $13.41  $13.45  $11.39  $10.96  $10.01 
Value at end of period  $9.66  $7.55  $13.41  $13.45  $11.39  $10.96 
Number of accumulation units outstanding at end of period  27,319  32,298  40,313  43,227  61,281  68,041 
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during December 2008)             
Value at beginning of period  $8.84  $8.64         
Value at end of period  $9.76  $8.84         
Number of accumulation units outstanding at end of period  0  653         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.70  $14.29  $13.89  $12.31  $11.87  $10.98 
Value at end of period  $11.18  $8.70  $14.29  $13.89  $12.31  $11.87 
Number of accumulation units outstanding at end of period  8,788  9,775  8,684  7,152  8,190  9,381 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.80  $16.04  $14.58  $13.50  $11.86  $10.77 
Value at end of period  $12.01  $8.80  $16.04  $14.58  $13.50  $11.86 
Number of accumulation units outstanding at end of period  10,236  11,249  11,190  12,855  15,255  17,305 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $12.53  $22.12  $18.82  $16.15  $13.56  $11.61 
Value at end of period  $17.56  $12.53  $22.12  $18.82  $16.15  $13.56 
Number of accumulation units outstanding at end of period  2,789  2,939  3,868  3,358  3,657  3,680 
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.33  $20.41  $17.80  $13.99  $12.32  $10.97 
Value at end of period  $13.41  $11.33  $20.41  $17.80  $13.99  $12.32 
Number of accumulation units outstanding at end of period  2,089  2,436  2,325  4,438  4,669  5,691 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during December 2005)             
Value at beginning of period  $7.54  $13.03  $12.47  $10.99  $11.20   
Value at end of period  $10.03  $7.54  $13.03  $12.47  $10.99   
Number of accumulation units outstanding at end of period  552  664  112  569  39   
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.73  $12.88  $12.26  $11.62  $10.89   
Value at end of period  $9.91  $7.73  $12.88  $12.26  $11.62   
Number of accumulation units outstanding at end of period  471  473  474  126  101   
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Fund first available during June 2006)             
Value at beginning of period  $7.18  $12.42  $13.61  $11.01     
Value at end of period  $9.44  $7.18  $12.42  $13.61     
Number of accumulation units outstanding at end of period  221  222  222  674     
ING CLARION REAL ESTATE PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $10.61  $17.53  $21.65  $15.97  $13.89  $11.57 
Value at end of period  $14.20  $10.61  $17.53  $21.65  $15.97  $13.89 
Number of accumulation units outstanding at end of period  256  256  256  308  529  640 

Empire Traditions

CFI 27


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.05  $12.89  $12.06  $10.76  $9.90  $9.89 
Value at end of period  $10.70  $9.05  $12.89  $12.06  $10.76  $9.90 
Number of accumulation units outstanding at end of period  4,099  4,060  4,236  4,348  3,739  2,030 
ING EVERGREEN OMEGA PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.74  $12.25  $11.15  $10.73  $10.47   
Value at end of period  $12.26  $8.74  $12.25  $11.15  $10.73   
Number of accumulation units outstanding at end of period  461  490  524  519  510   
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.93  $14.91  $13.23  $12.00  $11.20   
Value at end of period  $12.24  $8.93  $14.91  $13.23  $12.00   
Number of accumulation units outstanding at end of period  618  618  618  839  215   
ING FOCUS 5 PORTFOLIO             
(Funds were first received in this option during January 2008)             
Value at beginning of period  $5.57  $9.01         
Value at end of period  $6.68  $5.57         
Number of accumulation units outstanding at end of period  0  656         
ING FRANKLIN INCOME PORTFOLIO             
(Fund first available during November 2006)             
Value at beginning of period  $7.68  $11.03  $10.91  $10.75     
Value at end of period  $9.99  $7.68  $11.03  $10.91     
Number of accumulation units outstanding at end of period  6,655  4,975  2,532  1,087     
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.27  $11.87  $12.68       
Value at end of period  $9.06  $7.27  $11.87       
Number of accumulation units outstanding at end of period  3,012  2,968  2,598       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during July 2007)             
Value at beginning of period  $6.08  $9.60  $10.13       
Value at end of period  $7.80  $6.08  $9.60       
Number of accumulation units outstanding at end of period  3,271  0  698       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $12.18  $20.97  $15.98  $13.37  $11.68   
Value at end of period  $16.49  $12.18  $20.97  $15.98  $13.37   
Number of accumulation units outstanding at end of period  2,757  1,269  1,834  364  207   
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.10           
Value at end of period  $7.80           
Number of accumulation units outstanding at end of period  1,773           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.19  $11.67  $11.31  $10.05  $9.71  $8.95 
Value at end of period  $8.71  $7.19  $11.67  $11.31  $10.05  $9.71 
Number of accumulation units outstanding at end of period  6,691  7,388  7,569  8,161  9,343  12,634 

Empire Traditions

CFI 28


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.47  $15.45  $14.91  $13.88  $12.72  $11.10 
Value at end of period  $12.26  $9.47  $15.45  $14.91  $13.88  $12.72 
Number of accumulation units outstanding at end of period  7,239  7,724  9,373  10,691  13,571  16,319 
ING INDEX PLUS SMALLCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.79  $14.99  $16.28  $14.57  $13.78  $11.50 
Value at end of period  $12.00  $9.79  $14.99  $16.28  $14.57  $13.78 
Number of accumulation units outstanding at end of period  9,270  9,696  11,405  12,575  14,278  15,134 
ING INTERMEDIATE BOND PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period    $10.73  $10.31  $10.07     
Value at end of period    $9.65  $10.73  $10.31     
Number of accumulation units outstanding at end of period    0  1,575  2,632     
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.02           
Value at end of period  $7.60           
Number of accumulation units outstanding at end of period  83           
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $11.99  $25.00  $18.34  $15.15     
Value at end of period  $20.26  $11.99  $25.00  $18.34     
Number of accumulation units outstanding at end of period  1,504  2,430  3,774  1,858     
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.32  $17.18  $17.05  $14.86  $13.91  $11.72 
Value at end of period  $14.01  $11.32  $17.18  $17.05  $14.86  $13.91 
Number of accumulation units outstanding at end of period  4,233  5,562  5,625  5,688  5,765  5,866 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.05  $14.57  $15.05  $13.11  $12.84  $10.36 
Value at end of period  $12.60  $10.05  $14.57  $15.05  $13.11  $12.84 
Number of accumulation units outstanding at end of period  1,422  1,446  1,608  1,648  2,535  2,162 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.97  $13.34  $13.81  $12.75  $11.65  $10.81 
Value at end of period  $10.35  $7.97  $13.34  $13.81  $12.75  $11.65 
Number of accumulation units outstanding at end of period  1,674  1,673  1,679  1,679  1,877  1,836 
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $16.61  $16.47  $15.93  $15.46  $15.28  $15.38 
Value at end of period  $16.40  $16.61  $16.47  $15.93  $15.46  $15.28 
Number of accumulation units outstanding at end of period  260,898  196,907  68,449  8,272  8,026  2,064 
ING MARSICO GROWTH PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $8.19  $13.95  $12.77       
Value at end of period  $10.41  $8.19  $13.95       
Number of accumulation units outstanding at end of period  55  237  474       

Empire Traditions

CFI 29


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.94  $17.98  $15.15  $12.40  $11.21   
Value at end of period  $12.11  $8.94  $17.98  $15.15  $12.40   
Number of accumulation units outstanding at end of period  1,642  1,699  1,830  1,601  1,710   
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $20.88  $27.32  $26.68  $24.21  $23.89  $21.84 
Value at end of period  $24.24  $20.88  $27.32  $26.68  $24.21  $23.89 
Number of accumulation units outstanding at end of period  11,830  13,742  14,655  14,847  16,011  16,599 
ING MFS UTILITIES PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $11.28  $18.39  $14.66  $11.39  $11.41   
Value at end of period  $14.75  $11.28  $18.39  $14.66  $11.39   
Number of accumulation units outstanding at end of period  4,921  4,966  3,652  4,079  3,823   
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $8.59  $14.62  $13.93  $11.99  $10.06   
Value at end of period  $11.80  $8.59  $14.62  $13.93  $11.99   
Number of accumulation units outstanding at end of period  2,216  2,272  2,215  2,232  2,988   
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)             
(Fund first available during February 2006)             
Value at beginning of period  $9.67  $16.50  $15.76  $14.23     
Value at end of period  $13.27  $9.67  $16.50  $15.76     
Number of accumulation units outstanding at end of period  14,568  16,629  21,252  28,687     
ING OPPORTUNISTIC LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $6.65  $10.52  $10.39  $9.12  $8.67  $8.08 
Value at end of period  $7.52  $6.65  $10.52  $10.39  $9.12  $8.67 
Number of accumulation units outstanding at end of period  3,274  3,164  3,091  3,063  3,849  2,373 
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.20  $12.06  $11.91  $11.10  $10.81  $10.00 
Value at end of period  $13.53  $9.20  $12.06  $11.91  $11.10  $10.81 
Number of accumulation units outstanding at end of period  6,539  7,103  7,811  7,815  8,675  8,034 
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $15.25  $14.86  $13.85  $13.48  $13.37  $12.94 
Value at end of period  $17.18  $15.25  $14.86  $13.85  $13.48  $13.37 
Number of accumulation units outstanding at end of period  26,263  14,030  18,117  10,675  10,875  14,478 
ING PIONEER FUND PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.38  $13.04  $12.61  $10.97  $10.65   
Value at end of period  $10.25  $8.38  $13.04  $12.61  $10.97   
Number of accumulation units outstanding at end of period  25  25  26  26  26   
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.24  $12.51  $12.04  $10.89  $10.89   
Value at end of period  $10.15  $8.24  $12.51  $12.04  $10.89   
Number of accumulation units outstanding at end of period  230  338  138  459  138   

Empire Traditions

CFI 30


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.25           
Value at end of period  $8.31           
Number of accumulation units outstanding at end of period  6,389           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.22           
Value at end of period  $9.37           
Number of accumulation units outstanding at end of period  6,515           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.63           
Number of accumulation units outstanding at end of period  39,718           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.86           
Number of accumulation units outstanding at end of period  25,879           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.84           
Value at end of period  $12.68           
Number of accumulation units outstanding at end of period  4,218           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $6.95           
Value at end of period  $8.15           
Number of accumulation units outstanding at end of period  13,056           
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.64           
Value at end of period  $12.50           
Number of accumulation units outstanding at end of period  4,538           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.56           
Value at end of period  $12.98           
Number of accumulation units outstanding at end of period  801           
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $6.96  $10.04         
Value at end of period  $8.66  $6.96         
Number of accumulation units outstanding at end of period  2,217  2,218         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.10  $12.75  $12.40  $10.99  $10.73   
Value at end of period  $11.94  $9.10  $12.75  $12.40  $10.99   
Number of accumulation units outstanding at end of period  5,610  6,119  6,128  5,234  225   

Empire Traditions

CFI 31


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.61  $13.60  $13.41  $11.44  $11.18  $10.63 
Value at end of period  $10.60  $8.61  $13.60  $13.41  $11.44  $11.18 
Number of accumulation units outstanding at end of period  975  976  889  923  38  107 
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Funds were first received in this option during April 2007)             
Value at beginning of period  $7.41  $12.67  $12.10       
Value at end of period  $9.62  $7.41  $12.67       
Number of accumulation units outstanding at end of period  36,734  42,257  26,467       
ING TEMPLETON GLOBAL GROWTH PORTFOLIO             
(Funds were first received in this option during April 2007)             
Value at beginning of period  $8.26  $13.90  $14.44       
Value at end of period  $10.75  $8.26  $13.90       
Number of accumulation units outstanding at end of period  14,557  16,839  22,384       
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $10.19  $9.98         
Value at end of period  $10.59  $10.19         
Number of accumulation units outstanding at end of period  5,988  4,532         
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $7.91  $13.40  $13.48  $12.07     
Value at end of period  $10.25  $7.91  $13.40  $13.48     
Number of accumulation units outstanding at end of period  147  149  150  151     
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.51  $13.60  $14.14  $12.40  $12.17  $10.59 
Value at end of period  $10.77  $8.51  $13.60  $14.14  $12.40  $12.17 
Number of accumulation units outstanding at end of period  6,688  8,116  8,197  8,250  8,435  8,289 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $9.19  $11.77         
Value at end of period  $11.07  $9.19         
Number of accumulation units outstanding at end of period  2,023  3,024         
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period      $12.71  $12.55     
Value at end of period      $13.73  $12.71     
Number of accumulation units outstanding at end of period      0  475     
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during November 2006)             
Value at beginning of period  $8.54  $12.81  $12.68  $12.40     
Value at end of period  $10.43  $8.54  $12.81  $12.68     
Number of accumulation units outstanding at end of period  1,029  1,030  941  942     
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX           
PORTFOLIO             
(Funds were first received in this option during January 2008)             
Value at beginning of period  $6.07  $9.95         
Value at end of period  $7.76  $6.07         
Number of accumulation units outstanding at end of period  0  932         

Empire Traditions

CFI 32


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
PROFUND VP EUROPE 30             
(Fund first available during May 2003)             
Value at beginning of period  $7.11  $12.89  $11.43  $9.88  $9.28  $8.51 
Value at end of period  $9.26  $7.11  $12.89  $11.43  $9.88  $9.28 
Number of accumulation units outstanding at end of period  237  237  244  244  244  244 
 
 
  Separate Account Annual Charges of 1.60%     
 
  2009  2008  2007  2006  2005  2004 
 
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.98  $9.88         
Value at end of period  $9.50  $7.98         
Number of accumulation units outstanding at end of period  6,324  3,490         
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during September 2005)             
Value at beginning of period  $9.03  $12.78  $13.33  $11.35  $11.13   
Value at end of period  $11.11  $9.03  $12.78  $13.33  $11.35   
Number of accumulation units outstanding at end of period  670  640  982  1,148  1,433   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.25  $16.40  $14.21  $12.96  $11.29  $10.52 
Value at end of period  $12.33  $9.25  $16.40  $14.21  $12.96  $11.29 
Number of accumulation units outstanding at end of period  23,804  26,280  17,784  17,689  7,002  224 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.50  $13.32  $13.37  $11.33  $10.83   
Value at end of period  $9.58  $7.50  $13.32  $13.37  $11.33   
Number of accumulation units outstanding at end of period  6,140  6,210  6,495  6,922  2,749   
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during November 2008)             
Value at beginning of period  $8.83  $8.63         
Value at end of period  $9.75  $8.83         
Number of accumulation units outstanding at end of period  13,907  381         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.95  $13.08  $12.72  $11.28  $10.88  $10.05 
Value at end of period  $10.22  $7.95  $13.08  $12.72  $11.28  $10.88 
Number of accumulation units outstanding at end of period  41,875  43,327  36,828  25,241  11,387  1,493 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.33  $15.19  $13.81  $12.80  $11.25  $10.28 
Value at end of period  $11.36  $8.33  $15.19  $13.81  $12.80  $11.25 
Number of accumulation units outstanding at end of period  37,646  41,612  36,627  30,630  13,796  1,946 

Empire Traditions

CFI 33


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $10.60  $18.73  $15.94  $13.69  $11.34   
Value at end of period  $14.85  $10.60  $18.73  $15.94  $13.69   
Number of accumulation units outstanding at end of period  21,970  25,259  20,259  18,232  4,493   
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $11.32           
Value at end of period  $14.01           
Number of accumulation units outstanding at end of period  2,412           
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.97  $19.77  $17.25  $13.57  $11.96  $10.43 
Value at end of period  $12.98  $10.97  $19.77  $17.25  $13.57  $11.96 
Number of accumulation units outstanding at end of period  8,122  9,399  8,783  9,013  7,306  245 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.52  $13.01  $12.46  $10.99  $10.74   
Value at end of period  $10.01  $7.52  $13.01  $12.46  $10.99   
Number of accumulation units outstanding at end of period  13,745  9,460  8,210  6,547  6,304   
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.71  $12.86  $13.36       
Value at end of period  $9.88  $7.71  $12.86       
Number of accumulation units outstanding at end of period  117  722  1,539       
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES           
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.49  $9.99         
Value at end of period  $9.75  $6.49         
Number of accumulation units outstanding at end of period  12,144  5,610         
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Fund first available during September 2006)             
Value at beginning of period  $7.17  $12.41  $13.61  $11.86     
Value at end of period  $9.42  $7.17  $12.41  $13.61     
Number of accumulation units outstanding at end of period  9,965  11,264  11,108  514     
ING CLARION REAL ESTATE PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.04  $14.95  $18.46  $13.63  $11.63   
Value at end of period  $12.09  $9.04  $14.95  $18.46  $13.63   
Number of accumulation units outstanding at end of period  7,825  8,539  9,277  14,384  3,358   
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period  $6.80  $11.38  $11.10  $11.01     
Value at end of period  $8.81  $6.80  $11.38  $11.10     
Number of accumulation units outstanding at end of period  784  653  545  545     
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.86  $14.04  $13.15  $11.73  $10.79   
Value at end of period  $11.65  $9.86  $14.04  $13.15  $11.73   
Number of accumulation units outstanding at end of period  735  2,245  3,505  484  484   

Empire Traditions

CFI 34


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING EVERGREEN OMEGA PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period      $11.98  $11.53  $10.63   
Value at end of period      $13.16  $11.98  $11.53   
Number of accumulation units outstanding at end of period      0  507  22   
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.91  $14.89  $13.21  $12.00  $11.46   
Value at end of period  $12.21  $8.91  $14.89  $13.21  $12.00   
Number of accumulation units outstanding at end of period  4,115  2,701  2,718  11,106  1,890   
ING FRANKLIN INCOME PORTFOLIO             
(Fund first available during July 2006)             
Value at beginning of period  $7.67  $11.02  $10.91  $10.09     
Value at end of period  $9.97  $7.67  $11.02  $10.91     
Number of accumulation units outstanding at end of period  11,594  9,984  8,586  377     
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.27  $11.87  $12.76       
Value at end of period  $9.05  $7.27  $11.87       
Number of accumulation units outstanding at end of period  8,621  8,051  7,106       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.07  $9.59  $10.08       
Value at end of period  $7.78  $6.07  $9.59       
Number of accumulation units outstanding at end of period  31,558  31,638  11,065       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $12.15  $20.94  $15.97  $13.36  $10.95   
Value at end of period  $16.45  $12.15  $20.94  $15.97  $13.36   
Number of accumulation units outstanding at end of period  11,879  13,105  11,491  6,805  1,405   
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.10           
Value at end of period  $7.79           
Number of accumulation units outstanding at end of period  109           
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $12.08           
Value at end of period  $12.94           
Number of accumulation units outstanding at end of period  2,490           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.11  $13.16  $12.77  $11.35  $10.82   
Value at end of period  $9.81  $8.11  $13.16  $12.77  $11.35   
Number of accumulation units outstanding at end of period  206  565  980  1,032  1,014   
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.48  $13.84  $13.37  $12.45  $11.41  $10.44 
Value at end of period  $10.97  $8.48  $13.84  $13.37  $12.45  $11.41 
Number of accumulation units outstanding at end of period  2,899  3,609  4,212  3,880  3,109  119 

Empire Traditions

CFI 35


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING INDEX PLUS SMALLCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.31  $12.73  $13.83  $12.39  $12.01   
Value at end of period  $10.18  $8.31  $12.73  $13.83  $12.39   
Number of accumulation units outstanding at end of period  2,984  3,358  3,843  3,468  2,246   
ING INTERMEDIATE BOND PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.63  $10.71  $10.30  $10.09  $10.13   
Value at end of period  $10.54  $9.63  $10.71  $10.30  $10.09   
Number of accumulation units outstanding at end of period  19,733  30,952  9,085  8,593  346   
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.02           
Value at end of period  $7.60           
Number of accumulation units outstanding at end of period  376           
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period  $9.78  $19.48  $16.38  $16.33     
Value at end of period  $13.13  $9.78  $19.48  $16.38     
Number of accumulation units outstanding at end of period  9,020  9,305  10,007  367     
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.97  $24.96  $18.32  $13.71  $10.97   
Value at end of period  $20.20  $11.97  $24.96  $18.32  $13.71   
Number of accumulation units outstanding at end of period  22,036  21,524  22,839  11,012  2,248   
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.08  $13.78  $13.69  $11.94  $11.59   
Value at end of period  $11.23  $9.08  $13.78  $13.69  $11.94   
Number of accumulation units outstanding at end of period  3,271  3,206  3,186  3,380  2,826   
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.25  $13.41  $13.87  $12.08  $11.84  $10.73 
Value at end of period  $11.59  $9.25  $13.41  $13.87  $12.08  $11.84 
Number of accumulation units outstanding at end of period  3,946  3,233  3,573  2,630  1,248  90 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.54  $12.63  $13.08  $12.09  $12.04   
Value at end of period  $9.79  $7.54  $12.63  $13.08  $12.09   
Number of accumulation units outstanding at end of period  491  491  2,258  1,359  2,922   
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.83  $10.75  $10.41  $10.10  $10.01   
Value at end of period  $10.69  $10.83  $10.75  $10.41  $10.10   
Number of accumulation units outstanding at end of period  24,235  29,543  23,791  19,590  1,930   
ING LORD ABBETT AFFILIATED PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.32  $13.33  $13.01  $11.24  $10.27   
Value at end of period  $9.72  $8.32  $13.33  $13.01  $11.24   
Number of accumulation units outstanding at end of period  3,369  3,108  3,294  3,160  3,069   

Empire Traditions

CFI 36


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING MARSICO GROWTH PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.33  $14.19  $12.63  $12.23  $10.77   
Value at end of period  $10.58  $8.33  $14.19  $12.63  $12.23   
Number of accumulation units outstanding at end of period  4,226  3,862  3,624  3,653  5,915   
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.92  $17.95  $15.13  $12.40  $11.21   
Value at end of period  $12.08  $8.92  $17.95  $15.13  $12.40   
Number of accumulation units outstanding at end of period  5,334  11,909  10,671  11,949  3,147   
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.37  $12.26  $11.98  $10.88  $10.74  $10.14 
Value at end of period  $10.87  $9.37  $12.26  $11.98  $10.88  $10.74 
Number of accumulation units outstanding at end of period  12,415  17,160  17,675  8,263  7,898  1,480 
ING MFS UTILITIES PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $11.26  $18.36  $14.65  $11.38  $11.48   
Value at end of period  $14.71  $11.26  $18.36  $14.65  $11.38   
Number of accumulation units outstanding at end of period  10,695  12,239  11,316  19,478  945   
ING MIDCAP OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.47  $10.05         
Value at end of period  $8.97  $6.47         
Number of accumulation units outstanding at end of period  667  908         
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $9.23  $15.75  $15.05  $13.01  $11.62   
Value at end of period  $12.65  $9.23  $15.75  $15.05  $13.01   
Number of accumulation units outstanding at end of period  5,851  9,447  8,710  2,617  3,799   
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.92  $11.70  $11.56  $10.78  $10.50  $10.18 
Value at end of period  $13.11  $8.92  $11.70  $11.56  $10.78  $10.50 
Number of accumulation units outstanding at end of period  7,043  7,690  8,392  5,090  436  68 
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.54  $11.25  $10.49  $10.22  $10.26   
Value at end of period  $12.99  $11.54  $11.25  $10.49  $10.22   
Number of accumulation units outstanding at end of period  24,521  36,066  21,204  10,522  3,730   
ING PIONEER FUND PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $8.37  $12.25         
Value at end of period  $10.22  $8.37         
Number of accumulation units outstanding at end of period  0  491         
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.22  $12.49  $12.03  $10.88  $10.72   
Value at end of period  $10.12  $8.22  $12.49  $12.03  $10.88   
Number of accumulation units outstanding at end of period  2,420  2,595  1,656  2,395  2,342   

Empire Traditions

CFI 37


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.25           
Value at end of period  $8.31           
Number of accumulation units outstanding at end of period  51,223           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.37           
Number of accumulation units outstanding at end of period  97,314           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.63           
Number of accumulation units outstanding at end of period  212,960           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.86           
Number of accumulation units outstanding at end of period  93,972           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.84           
Value at end of period  $12.67           
Number of accumulation units outstanding at end of period  532           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $6.94           
Value at end of period  $8.14           
Number of accumulation units outstanding at end of period  8,880           
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.64           
Value at end of period  $12.49           
Number of accumulation units outstanding at end of period  4,035           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.56           
Value at end of period  $12.98           
Number of accumulation units outstanding at end of period  1,931           
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $6.67           
Value at end of period  $8.66           
Number of accumulation units outstanding at end of period  7,258           
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during November 2008)             
Value at beginning of period  $7.14  $7.21         
Value at end of period  $8.94  $7.14         
Number of accumulation units outstanding at end of period  4,481  375         

Empire Traditions

CFI 38


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.08  $12.73  $12.39  $10.98  $10.45   
Value at end of period  $11.90  $9.08  $12.73  $12.39  $10.98   
Number of accumulation units outstanding at end of period  26,649  26,541  16,953  13,760  5,445   
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.47  $13.39  $13.20  $11.27  $10.63   
Value at end of period  $10.42  $8.47  $13.39  $13.20  $11.27   
Number of accumulation units outstanding at end of period  15,239  12,121  11,227  11,229  9,574   
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $5.76  $10.16  $10.10       
Value at end of period  $8.09  $5.76  $10.16       
Number of accumulation units outstanding at end of period  1,431  896  871       
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Fund first available during November 2006)             
Value at beginning of period  $7.40  $12.66  $11.17  $10.42     
Value at end of period  $9.60  $7.40  $12.66  $11.17     
Number of accumulation units outstanding at end of period  6,643  6,691  2,006  1,055     
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)             
(Fund first available during March 2006)             
Value at beginning of period  $8.24  $13.88  $13.78  $12.11     
Value at end of period  $10.73  $8.24  $13.88  $13.78     
Number of accumulation units outstanding at end of period  4,647  7,640  4,264  2,990     
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during October 2008)             
Value at beginning of period  $10.19  $9.71         
Value at end of period  $10.58  $10.19         
Number of accumulation units outstanding at end of period  685  114         
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.77  $12.44  $12.93  $11.34  $11.14  $10.40 
Value at end of period  $9.83  $7.77  $12.44  $12.93  $11.34  $11.14 
Number of accumulation units outstanding at end of period  12,975  9,704  9,365  5,255  6,100  174 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.17  $12.19  $12.00  $10.84  $10.65   
Value at end of period  $11.04  $9.17  $12.19  $12.00  $10.84   
Number of accumulation units outstanding at end of period  1,933  1,898  2,132  2,852  1,378   
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO             
(Funds were first received in this option during January 2007)             
Value at beginning of period  $9.63  $13.71  $12.96       
Value at end of period  $12.22  $9.63  $13.71       
Number of accumulation units outstanding at end of period  307  239  2,537       
ING VAN KAMPEN GLOBAL TACTICAL ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during September 2009)             
Value at beginning of period  $12.02           
Value at end of period  $12.32           
Number of accumulation units outstanding at end of period  562           

Empire Traditions

CFI 39


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.53  $12.79  $12.67  $11.10  $10.42   
Value at end of period  $10.40  $8.53  $12.79  $12.67  $11.10   
Number of accumulation units outstanding at end of period  2,861  2,822  1,234  1,265  1,317   
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO             
(Funds were first received in this option during January 2007)             
Value at beginning of period  $7.17  $10.84  $11.41       
Value at end of period  $9.18  $7.17  $10.84       
Number of accumulation units outstanding at end of period  539  531  520       
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX           
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.07  $9.83         
Value at end of period  $7.76  $6.07         
Number of accumulation units outstanding at end of period  3,732  3,795         
PROFUND VP RISING RATES OPPORTUNITY             
(Fund first available during September 2006)             
Value at beginning of period  $5.28  $8.64  $9.27  $9.17     
Value at end of period  $6.86  $5.28  $8.64  $9.27     
Number of accumulation units outstanding at end of period  1,480  1,576  1,531  1,329     
 
 
 
  Separate Account Annual Charges of 1.75%     
 
  2009  2008  2007  2006  2005  2004 
 
AIM V.I. LEISURE FUND             
(Fund first available during May 2003)             
Value at beginning of period  $7.69  $13.74  $14.10  $11.51  $11.86  $10.64 
Value at end of period  $10.03  $7.69  $13.74  $14.10  $11.51  $11.86 
Number of accumulation units outstanding at end of period  58  58  387  396  374  373 
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.97  $9.91         
Value at end of period  $9.47  $7.97         
Number of accumulation units outstanding at end of period  26,799  17,124         
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during September 2005)             
Value at beginning of period  $8.98  $12.73  $13.30  $11.34  $11.27   
Value at end of period  $11.03  $8.98  $12.73  $13.30  $11.34   
Number of accumulation units outstanding at end of period  1,899  1,923  2,069  1,950  4,020   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.99  $17.74  $15.40  $14.06  $12.27  $10.84 
Value at end of period  $13.30  $9.99  $17.74  $15.40  $14.06  $12.27 
Number of accumulation units outstanding at end of period  156,811  175,122  116,527  113,409  46,372  16,055 

Empire Traditions

CFI 40


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.44  $13.24  $13.30  $11.29  $10.88  $9.96 
Value at end of period  $9.49  $7.44  $13.24  $13.30  $11.29  $10.88 
Number of accumulation units outstanding at end of period  82,046  98,655  113,026  114,112  102,475  44,415 
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.17  $10.13         
Value at end of period  $8.69  $7.17         
Number of accumulation units outstanding at end of period  6,647  4,521         
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $8.82  $9.83         
Value at end of period  $9.72  $8.82         
Number of accumulation units outstanding at end of period  63,146  49,468         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.60  $14.17  $13.80  $12.25  $11.84  $10.98 
Value at end of period  $11.04  $8.60  $14.17  $13.80  $12.25  $11.84 
Number of accumulation units outstanding at end of period  153,410  164,440  96,833  67,764  57,095  42,363 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.70  $15.90  $14.48  $13.44  $11.83  $10.76 
Value at end of period  $11.86  $8.70  $15.90  $14.48  $13.44  $11.83 
Number of accumulation units outstanding at end of period  195,447  203,234  95,510  54,853  46,983  30,615 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $12.40  $21.93  $18.69  $16.07  $13.53  $11.60 
Value at end of period  $17.34  $12.40  $21.93  $18.69  $16.07  $13.53 
Number of accumulation units outstanding at end of period  63,082  74,084  39,951  28,257  27,231  14,401 
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $12.51           
Value at end of period  $13.99           
Number of accumulation units outstanding at end of period  547           
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.18  $20.18  $17.63  $13.89  $12.26  $11.10 
Value at end of period  $13.20  $11.18  $20.18  $17.63  $13.89  $12.26 
Number of accumulation units outstanding at end of period  19,913  21,895  16,169  9,220  3,537  930 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $7.48  $12.96  $12.43  $10.98  $10.72   
Value at end of period  $9.94  $7.48  $12.96  $12.43  $10.98   
Number of accumulation units outstanding at end of period  14,473  13,823  5,301  2,137  719   
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO           
(Funds were first received in this option during May 2009)             
Value at beginning of period  $9.99           
Value at end of period  $10.56           
Number of accumulation units outstanding at end of period  22,268           

Empire Traditions

CFI 41


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.67  $12.81  $12.21  $11.60  $11.19   
Value at end of period  $9.81  $7.67  $12.81  $12.21  $11.60   
Number of accumulation units outstanding at end of period  17,939  21,325  4,553  3,152  3,081   
ING BLACKROCK LARGE CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.31  $13.07  $12.76  $11.16  $11.00   
Value at end of period  $9.21  $8.31  $13.07  $12.76  $11.16   
Number of accumulation units outstanding at end of period  2,879  2,453  2,550  1,838  751   
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES           
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.49  $9.99         
Value at end of period  $9.73  $6.49         
Number of accumulation units outstanding at end of period  16,750  18,703         
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period  $7.14  $12.38  $13.59  $13.26     
Value at end of period  $9.37  $7.14  $12.38  $13.59     
Number of accumulation units outstanding at end of period  16,979  23,960  18,188  6,795     
ING CLARION REAL ESTATE PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $10.51  $17.40  $21.53  $15.92  $13.87  $10.86 
Value at end of period  $14.03  $10.51  $17.40  $21.53  $15.92  $13.87 
Number of accumulation units outstanding at end of period  10,772  11,635  12,903  10,470  8,708  4,329 
ING COLUMBIA SMALL CAP VALUE PORTFOLIO             
(Fund first available during May 2006)             
Value at beginning of period  $6.57  $10.15  $10.03  $9.44     
Value at end of period  $8.05  $6.57  $10.15  $10.03     
Number of accumulation units outstanding at end of period  6,745  6,368  5,007  1,307     
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $6.77  $11.34  $11.08  $9.86     
Value at end of period  $8.76  $6.77  $11.34  $11.08     
Number of accumulation units outstanding at end of period  37,350  38,967  7,422  3,323     
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.97  $12.80  $12.00  $10.72  $9.88  $8.97 
Value at end of period  $10.58  $8.97  $12.80  $12.00  $10.72  $9.88 
Number of accumulation units outstanding at end of period  14,048  23,335  13,018  11,716  11,260  1,230 
ING EVERGREEN OMEGA PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.66  $12.16  $11.09  $10.69  $10.44   
Value at end of period  $12.12  $8.66  $12.16  $11.09  $10.69   
Number of accumulation units outstanding at end of period  1,532  831  1,002  106  107   
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.87  $14.83  $13.18  $11.99  $11.09   
Value at end of period  $12.13  $8.87  $14.83  $13.18  $11.99   
Number of accumulation units outstanding at end of period  37,078  39,804  9,861  5,508  1,774   

Empire Traditions

CFI 42


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING FOCUS 5 PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $5.56  $9.05         
Value at end of period  $6.65  $5.56         
Number of accumulation units outstanding at end of period  8,547  9,528         
ING FRANKLIN INCOME PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period  $7.64  $10.99  $10.90  $10.88     
Value at end of period  $9.91  $7.64  $10.99  $10.90     
Number of accumulation units outstanding at end of period  90,356  89,829  68,290  10,294     
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.25  $11.86  $12.69       
Value at end of period  $9.01  $7.25  $11.86       
Number of accumulation units outstanding at end of period  33,702  39,063  16,600       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during June 2007)             
Value at beginning of period  $6.06  $9.58  $10.03       
Value at end of period  $7.75  $6.06  $9.58       
Number of accumulation units outstanding at end of period  95,148  85,823  67,967       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $12.09  $20.85  $15.93  $13.35  $13.18   
Value at end of period  $16.33  $12.09  $20.85  $15.93  $13.35   
Number of accumulation units outstanding at end of period  90,895  135,835  12,207  4,546  416   
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during December 2008)             
Value at beginning of period  $6.08  $5.84         
Value at end of period  $7.77  $6.08         
Number of accumulation units outstanding at end of period  21,523  1,117         
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $13.33           
Value at end of period  $12.93           
Number of accumulation units outstanding at end of period  10           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.08  $11.52  $11.19  $9.96  $9.64  $8.90 
Value at end of period  $8.56  $7.08  $11.52  $11.19  $9.96  $9.64 
Number of accumulation units outstanding at end of period  15,752  16,265  19,475  19,376  16,141  9,183 
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.33  $15.25  $14.75  $13.75  $12.63  $11.05 
Value at end of period  $12.05  $9.33  $15.25  $14.75  $13.75  $12.63 
Number of accumulation units outstanding at end of period  15,664  21,398  22,701  18,784  22,970  16,939 
ING INDEX PLUS SMALLCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.64  $14.79  $16.10  $14.44  $13.69  $11.44 
Value at end of period  $11.80  $9.64  $14.79  $16.10  $14.44  $13.69 
Number of accumulation units outstanding at end of period  22,653  26,984  28,177  23,049  31,178  22,926 

Empire Traditions

CFI 43


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING INTERMEDIATE BOND PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $9.58  $10.67  $10.27  $10.12     
Value at end of period  $10.47  $9.58  $10.67  $10.27     
Number of accumulation units outstanding at end of period  48,960  41,886  14,737  13,225     
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during February 2009)             
Value at beginning of period  $4.74           
Value at end of period  $7.58           
Number of accumulation units outstanding at end of period  14,631           
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.37  $18.68  $15.73  $13.01  $11.45  $11.01 
Value at end of period  $12.55  $9.37  $18.68  $15.73  $13.01  $11.45 
Number of accumulation units outstanding at end of period  25,358  25,797  11,090  740  544  545 
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.90  $24.86  $18.27  $13.69  $10.83   
Value at end of period  $20.07  $11.90  $24.86  $18.27  $13.69   
Number of accumulation units outstanding at end of period  35,609  46,737  12,968  7,145  2,294   
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.17  $16.98  $16.89  $14.75  $13.84  $11.68 
Value at end of period  $13.79  $11.17  $16.98  $16.89  $14.75  $13.84 
Number of accumulation units outstanding at end of period  14,199  12,691  12,523  13,748  16,332  12,188 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.91  $14.40  $14.91  $13.01  $12.77  $10.74 
Value at end of period  $12.40  $9.91  $14.40  $14.91  $13.01  $12.77 
Number of accumulation units outstanding at end of period  14,549  12,694  7,752  10,286  8,103  1,982 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.88  $13.22  $13.72  $12.69  $11.62  $11.31 
Value at end of period  $10.22  $7.88  $13.22  $13.72  $12.69  $11.62 
Number of accumulation units outstanding at end of period  6,079  6,099  5,120  3,434  3,150  2,601 
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $15.95  $15.85  $15.37  $14.94  $14.80  $14.87 
Value at end of period  $15.72  $15.95  $15.85  $15.37  $14.94  $14.80 
Number of accumulation units outstanding at end of period  467,470  465,880  284,764  25,705  30,531  18,611 
ING MARSICO GROWTH PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.12  $13.84  $12.34  $11.97  $11.19  $9.92 
Value at end of period  $10.29  $8.12  $13.84  $12.34  $11.97  $11.19 
Number of accumulation units outstanding at end of period  33,996  34,277  9,618  6,447  5,760  524 
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Fund first available during July 2005)             
Value at beginning of period  $8.87  $17.88  $15.10  $12.39  $10.36   
Value at end of period  $11.99  $8.87  $17.88  $15.10  $12.39   
Number of accumulation units outstanding at end of period  23,888  29,419  12,279  7,923  7,995   

Empire Traditions

CFI 44


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $20.29  $26.59  $26.03  $23.66  $23.40  $21.43 
Value at end of period  $23.51  $20.29  $26.59  $26.03  $23.66  $23.40 
Number of accumulation units outstanding at end of period  30,370  32,917  31,987  27,932  28,026  15,923 
ING MFS UTILITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.19  $18.29  $14.61  $11.37  $10.57   
Value at end of period  $14.61  $11.19  $18.29  $14.61  $11.37   
Number of accumulation units outstanding at end of period  36,176  40,914  20,630  11,383  14,002   
ING MIDCAP OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during August 2008)             
Value at beginning of period  $6.46  $9.72         
Value at end of period  $8.95  $6.46         
Number of accumulation units outstanding at end of period  1,704  1,738         
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $8.52  $14.54  $13.88  $11.98  $10.06   
Value at end of period  $11.69  $8.52  $14.54  $13.88  $11.98   
Number of accumulation units outstanding at end of period  2,654  2,922  3,185  3,225  3,300   
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)           
(Fund first available during May 2003)             
Value at beginning of period  $9.54  $16.31  $15.61  $13.51  $12.14  $10.74 
Value at end of period  $13.06  $9.54  $16.31  $15.61  $13.51  $12.14 
Number of accumulation units outstanding at end of period  68,485  79,077  76,580  92,843  18,655  2,249 
ING OPPORTUNISTIC LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $6.55  $10.38  $10.28  $9.04  $8.61  $7.98 
Value at end of period  $7.39  $6.55  $10.38  $10.28  $9.04  $8.61 
Number of accumulation units outstanding at end of period  6,199  6,176  6,160  6,162  6,223  0 
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.11  $11.97  $11.85  $11.07  $10.80  $10.00 
Value at end of period  $13.38  $9.11  $11.97  $11.85  $11.07  $10.80 
Number of accumulation units outstanding at end of period  24,780  29,427  33,391  29,371  24,715  14,808 
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $14.82  $14.47  $13.51  $13.18  $13.09  $12.71 
Value at end of period  $16.66  $14.82  $14.47  $13.51  $13.18  $13.09 
Number of accumulation units outstanding at end of period  175,930  128,707  42,625  29,043  27,791  16,547 
ING PIONEER FUND PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.32  $12.97  $12.57  $10.95  $10.64   
Value at end of period  $10.15  $8.32  $12.97  $12.57  $10.95   
Number of accumulation units outstanding at end of period  188  853  2,494  2,254  1,354   
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.18  $12.44  $12.00  $10.87  $10.63   
Value at end of period  $10.05  $8.18  $12.44  $12.00  $10.87   
Number of accumulation units outstanding at end of period  27,247  28,956  14,042  14,665  10,960   

Empire Traditions

CFI 45


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during December 2009)             
Value at beginning of period  $8.33           
Value at end of period  $8.31           
Number of accumulation units outstanding at end of period  12,369           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.37           
Number of accumulation units outstanding at end of period  328,694           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.62           
Number of accumulation units outstanding at end of period  353,512           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.85           
Number of accumulation units outstanding at end of period  246,913           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.83           
Value at end of period  $12.66           
Number of accumulation units outstanding at end of period  10,982           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $6.69  $10.04         
Value at end of period  $8.12  $6.69         
Number of accumulation units outstanding at end of period  77,691  1,729         
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.63           
Value at end of period  $12.48           
Number of accumulation units outstanding at end of period  8,871           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.55           
Value at end of period  $12.96           
Number of accumulation units outstanding at end of period  21,184           
ING RUSSELLTM MID CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2008)             
Value at beginning of period  $6.11  $9.36         
Value at end of period  $8.40  $6.11         
Number of accumulation units outstanding at end of period  6,320  4,310         
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $6.95  $10.03         
Value at end of period  $8.63  $6.95         
Number of accumulation units outstanding at end of period  4,130  2,245         

Empire Traditions

CFI 46


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING SMALLCAP OPPORTUNITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.15  $14.24  $13.20  $11.95  $12.01   
Value at end of period  $11.75  $9.15  $14.24  $13.20  $11.95   
Number of accumulation units outstanding at end of period  4  483  483  4  4   
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during August 2008)             
Value at beginning of period  $7.13  $10.46         
Value at end of period  $8.92  $7.13         
Number of accumulation units outstanding at end of period  9,616  8,988         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.03  $12.68  $12.36  $10.97  $10.54   
Value at end of period  $11.82  $9.03  $12.68  $12.36  $10.97   
Number of accumulation units outstanding at end of period  56,847  57,846  20,609  15,830  3,518   
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.53  $13.50  $13.34  $11.40  $11.16  $10.03 
Value at end of period  $10.48  $8.53  $13.50  $13.34  $11.40  $11.16 
Number of accumulation units outstanding at end of period  46,061  45,746  33,210  41,437  36,317  17,573 
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during January 2008)             
Value at beginning of period  $5.75  $9.08         
Value at end of period  $8.06  $5.75         
Number of accumulation units outstanding at end of period  1,377  1,771         
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Fund first available during June 2006)             
Value at beginning of period  $7.37  $12.63  $11.16  $9.27     
Value at end of period  $9.55  $7.37  $12.63  $11.16     
Number of accumulation units outstanding at end of period  180,249  197,568  101,442  22     
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)           
(Fund first available during May 2005)             
Value at beginning of period  $8.19  $13.83  $13.74  $11.47  $10.61   
Value at end of period  $10.65  $8.19  $13.83  $13.74  $11.47   
Number of accumulation units outstanding at end of period  68,904  75,591  83,709  6,010  779   
ING THORNBURG VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $6.09  $10.28  $9.76  $8.50  $8.52  $8.02 
Value at end of period  $8.66  $6.09  $10.28  $9.76  $8.50  $8.52 
Number of accumulation units outstanding at end of period  214  235  308  370  1,966  2,044 
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $10.17  $9.78         
Value at end of period  $10.55  $10.17         
Number of accumulation units outstanding at end of period  40,997  16,431         
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $7.84  $13.30  $13.41  $11.94  $10.85   
Value at end of period  $10.13  $7.84  $13.30  $13.41  $11.94   
Number of accumulation units outstanding at end of period  1,527  2,012  1,984  1,489  1,867   

Empire Traditions

CFI 47


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.39  $13.45  $14.01  $12.30  $12.10  $10.55 
Value at end of period  $10.60  $8.39  $13.45  $14.01  $12.30  $12.10 
Number of accumulation units outstanding at end of period  4,755  4,865  4,665  6,320  4,566  2,111 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.12  $12.14  $11.97  $10.83  $10.64   
Value at end of period  $10.96  $9.12  $12.14  $11.97  $10.83   
Number of accumulation units outstanding at end of period  26,682  26,994  8,804  8,794  6,628   
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO             
(Fund first available during June 2006)             
Value at beginning of period  $9.58  $13.65  $12.67  $10.98     
Value at end of period  $12.14  $9.58  $13.65  $12.67     
Number of accumulation units outstanding at end of period  7,152  4,369  5,190  34     
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.48  $12.74  $12.64  $11.09  $10.87   
Value at end of period  $10.33  $8.48  $12.74  $12.64  $11.09   
Number of accumulation units outstanding at end of period  12,327  10,945  7,776  4,601  791   
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $7.14  $10.80  $11.42  $10.18     
Value at end of period  $9.12  $7.14  $10.80  $11.42     
Number of accumulation units outstanding at end of period  2,229  1,421  1,607  3,361     
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX           
PORTFOLIO             
(Funds were first received in this option during January 2008)             
Value at beginning of period  $6.06  $9.95         
Value at end of period  $7.73  $6.06         
Number of accumulation units outstanding at end of period  68,411  70,654         
PROFUND VP BULL             
(Fund first available during May 2003)             
Value at beginning of period  $6.14  $10.03  $9.86  $8.83  $8.75  $8.29 
Value at end of period  $7.51  $6.14  $10.03  $9.86  $8.83  $8.75 
Number of accumulation units outstanding at end of period  682  683  1,354  2,561  2,452  2,451 
PROFUND VP EUROPE 30             
(Fund first available during May 2003)             
Value at beginning of period  $7.00  $12.72  $11.30  $9.78  $9.21  $8.68 
Value at end of period  $9.09  $7.00  $12.72  $11.30  $9.78  $9.21 
Number of accumulation units outstanding at end of period  385  573  931  966  985  848 
PROFUND VP RISING RATES OPPORTUNITY             
(Fund first available during September 2003)             
Value at beginning of period  $4.55  $7.47  $8.02  $7.41  $8.19  $9.03 
Value at end of period  $5.92  $4.55  $7.47  $8.02  $7.41  $8.19 
Number of accumulation units outstanding at end of period  2,787  2,850  3,677  3,305  3,253  1,230 

Empire Traditions

CFI 48


  Condensed Financial Information (continued)   
 
 
 
 
  Separate Account Annual Charges of 1.90%     
 
  2009  2008  2007  2006  2005  2004 
 
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during November 2005)             
Value at beginning of period  $8.93  $12.67  $13.26  $11.32  $11.24   
Value at end of period  $10.95  $8.93  $12.67  $13.26  $11.32   
Number of accumulation units outstanding at end of period  174  174  174  174  174   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Funds were first received in this option during August 2008)             
Value at beginning of period  $9.88  $14.77         
Value at end of period  $13.13  $9.88         
Number of accumulation units outstanding at end of period  1,389  1,389         
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.35  $13.11  $13.19  $11.21  $10.83  $9.92 
Value at end of period  $9.37  $7.35  $13.11  $13.19  $11.21  $10.83 
Number of accumulation units outstanding at end of period  486  490  817  968  841  269 
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.53  $14.07  $13.73  $12.21  $11.82  $10.97 
Value at end of period  $10.93  $8.53  $14.07  $13.73  $12.21  $11.82 
Number of accumulation units outstanding at end of period  8,688  8,939  8,059  6,230  5,943  4,853 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.63  $15.80  $14.41  $13.39  $11.81  $10.75 
Value at end of period  $11.75  $8.63  $15.80  $14.41  $13.39  $11.81 
Number of accumulation units outstanding at end of period  5,830  5,985  6,403  3,964  4,313  4,629 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $12.30  $21.79  $18.60  $16.02  $13.50  $11.60 
Value at end of period  $17.17  $12.30  $21.79  $18.60  $16.02  $13.50 
Number of accumulation units outstanding at end of period  1,825  1,894  1,467  643  758  455 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during November 2005)             
Value at beginning of period  $7.44  $12.91  $12.40  $10.97  $10.72   
Value at end of period  $9.87  $7.44  $12.91  $12.40  $10.97   
Number of accumulation units outstanding at end of period  182  182  182  182  182   
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES           
PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $8.34           
Value at end of period  $9.70           
Number of accumulation units outstanding at end of period  1,155           
ING FRANKLIN INCOME PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.61  $10.97  $11.54       
Value at end of period  $9.86  $7.61  $10.97       
Number of accumulation units outstanding at end of period  6,022  3,799  1,744       

Empire Traditions

CFI 49


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.23  $11.85  $12.76       
Value at end of period  $8.98  $7.23  $11.85       
Number of accumulation units outstanding at end of period  1,377  1,457  789       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.04  $9.57  $10.19       
Value at end of period  $7.72  $6.04  $9.57       
Number of accumulation units outstanding at end of period  2,901  3,100  2,883       
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $7.00  $11.40  $11.10  $10.14     
Value at end of period  $8.45  $7.00  $11.40  $11.10     
Number of accumulation units outstanding at end of period  282  283  283  404     
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.23  $15.10  $14.63  $13.66  $12.56  $11.33 
Value at end of period  $11.90  $9.23  $15.10  $14.63  $13.66  $12.56 
Number of accumulation units outstanding at end of period  139  139  139  199  2,791  2,791 
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.84  $24.76  $18.23  $13.68  $12.54   
Value at end of period  $19.92  $11.84  $24.76  $18.23  $13.68   
Number of accumulation units outstanding at end of period  155  155  156  156  156   
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.06  $16.84  $16.77  $14.67  $13.78  $12.93 
Value at end of period  $13.63  $11.06  $16.84  $16.77  $14.67  $13.78 
Number of accumulation units outstanding at end of period  1,271  1,271  1,270  1,271  1,271  1,630 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period    $14.28  $14.81  $12.94  $12.72  $10.80 
Value at end of period    $9.81  $14.28  $14.81  $12.94  $12.72 
Number of accumulation units outstanding at end of period    0  2,622  2,940  2,941  2,941 
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $15.48  $15.40  $14.96  $14.56  $14.44  $14.57 
Value at end of period  $15.23  $15.48  $15.40  $14.96  $14.56  $14.44 
Number of accumulation units outstanding at end of period  65,197  55,556  2,750  2,799  1,031  1,549 
ING MARSICO GROWTH PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.06  $13.77  $12.29  $11.94  $11.53   
Value at end of period  $10.20  $8.06  $13.77  $12.29  $11.94   
Number of accumulation units outstanding at end of period  169  169  169  169  169   
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $19.86  $26.07  $25.55  $23.26  $23.04  $21.14 
Value at end of period  $22.97  $19.86  $26.07  $25.55  $23.26  $23.04 
Number of accumulation units outstanding at end of period  1,409  1,431  1,166  1,440  1,350  472 

Empire Traditions

CFI 50


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.05  $11.91  $11.80  $11.04  $10.78  $10.00 
Value at end of period  $13.26  $9.05  $11.91  $11.80  $11.04  $10.78 
Number of accumulation units outstanding at end of period  888  888  1,987  2,129  2,129  1,526 
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $14.50  $14.18  $13.26  $12.96  $12.89  $12.53 
Value at end of period  $16.28  $14.50  $14.18  $13.26  $12.96  $12.89 
Number of accumulation units outstanding at end of period  7,785  8,227  2,355  2,455  2,428  2,003 
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.13  $12.39  $11.97  $10.86  $10.34   
Value at end of period  $9.98  $8.13  $12.39  $11.97  $10.86   
Number of accumulation units outstanding at end of period  189  189  936  189  189   
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.36           
Number of accumulation units outstanding at end of period  10,212           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.85           
Number of accumulation units outstanding at end of period  2,336           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.55           
Value at end of period  $12.95           
Number of accumulation units outstanding at end of period  124           
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $6.94  $10.03         
Value at end of period  $8.61  $6.94         
Number of accumulation units outstanding at end of period  1,817  1,817         
ING SMALLCAP OPPORTUNITIES PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $9.10  $14.18  $13.16  $12.96     
Value at end of period  $11.67  $9.10  $14.18  $13.16     
Number of accumulation units outstanding at end of period  110  111  111  158     
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.55           
Value at end of period  $11.74           
Number of accumulation units outstanding at end of period  2,200           
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.47  $13.43  $13.28  $11.37  $11.12   
Value at end of period  $10.39  $8.47  $13.43  $13.28  $11.37   
Number of accumulation units outstanding at end of period  491  492  893  1,046  906   

Empire Traditions

CFI 51


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Funds were first received in this option during December 2008)             
Value at beginning of period  $9.07  $8.72         
Value at end of period  $10.89  $9.07         
Number of accumulation units outstanding at end of period  898  994         
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.43  $12.68  $12.60  $11.07  $10.87   
Value at end of period  $10.25  $8.43  $12.68  $12.60  $11.07   
Number of accumulation units outstanding at end of period  147  147  557  714  568   
PROFUND VP RISING RATES OPPORTUNITY             
(Fund first available during September 2003)             
Value at beginning of period  $4.52  $7.42  $7.98  $7.39  $8.17  $8.26 
Value at end of period  $5.86  $4.52  $7.42  $7.98  $7.39  $8.17 
Number of accumulation units outstanding at end of period  1,991  1,990  1,992  1,992  1,990  2,621 
 
 
  Separate Account Annual Charges of 1.95%     
 
  2009  2008  2007  2006  2005  2004 
 
AIM V.I. LEISURE FUND             
(Fund first available during May 2003)             
Value at beginning of period  $7.61  $13.63  $14.01  $11.47  $11.70   
Value at end of period  $9.91  $7.61  $13.63  $14.01  $11.47   
Number of accumulation units outstanding at end of period  6,978  7,062  6,743  6,942  7,494   
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $7.96  $10.11         
Value at end of period  $9.44  $7.96         
Number of accumulation units outstanding at end of period  57,180  50,907         
COLUMBIA SMALL CAP VALUE FUND VS             
(Fund first available during September 2005)             
Value at beginning of period  $8.91  $12.65  $13.25  $11.32  $11.11   
Value at end of period  $10.92  $8.91  $12.65  $13.25  $11.32   
Number of accumulation units outstanding at end of period  8,750  8,596  9,169  8,888  5,994   
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.11  $16.21  $14.09  $12.90  $11.28  $10.45 
Value at end of period  $12.10  $9.11  $16.21  $14.09  $12.90  $11.28 
Number of accumulation units outstanding at end of period  170,171  150,445  70,389  36,930  19,175  1,350 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.38  $13.17  $13.26  $11.28  $10.89  $10.11 
Value at end of period  $9.40  $7.38  $13.17  $13.26  $11.28  $10.89 
Number of accumulation units outstanding at end of period  17,999  18,282  16,244  13,861  13,897  1,969 

Empire Traditions

CFI 52


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $7.16  $10.01         
Value at end of period  $8.66  $7.16         
Number of accumulation units outstanding at end of period  26,071  16,315         
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during February 2008)             
Value at beginning of period  $8.80  $9.97         
Value at end of period  $9.68  $8.80         
Number of accumulation units outstanding at end of period  94,555  69,464         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.83  $12.92  $12.61  $11.22  $10.87  $10.13 
Value at end of period  $10.02  $7.83  $12.92  $12.61  $11.22  $10.87 
Number of accumulation units outstanding at end of period  141,454  113,984  68,521  46,015  67,163  565 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.20  $15.01  $13.70  $12.74  $11.24  $10.12 
Value at end of period  $11.15  $8.20  $15.01  $13.70  $12.74  $11.24 
Number of accumulation units outstanding at end of period  249,007  231,948  170,857  81,723  93,650  1,205 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $10.44  $18.50  $15.81  $13.62  $11.49  $10.33 
Value at end of period  $14.57  $10.44  $18.50  $15.81  $13.62  $11.49 
Number of accumulation units outstanding at end of period  101,485  86,930  64,711  30,497  28,586  2,179 
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO             
(Funds were first received in this option during April 2009)             
Value at beginning of period  $10.69           
Value at end of period  $13.97           
Number of accumulation units outstanding at end of period  1,520           
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.80  $19.54  $17.11  $13.51  $11.94  $11.56 
Value at end of period  $12.73  $10.80  $19.54  $17.11  $13.51  $11.94 
Number of accumulation units outstanding at end of period  32,053  36,640  33,604  15,111  12,212  450 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $7.42  $12.89  $12.39  $10.96  $10.52   
Value at end of period  $9.84  $7.42  $12.89  $12.39  $10.96   
Number of accumulation units outstanding at end of period  50,306  40,637  16,201  14,573  7,892   
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO           
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.03           
Value at end of period  $10.54           
Number of accumulation units outstanding at end of period  40,111           
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $7.61  $12.74  $12.17  $11.59  $10.87   
Value at end of period  $9.72  $7.61  $12.74  $12.17  $11.59   
Number of accumulation units outstanding at end of period  10,345  8,468  5,474  192  194   

Empire Traditions

CFI 53


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING BLACKROCK LARGE CAP VALUE PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $8.24  $13.00  $12.71  $11.43     
Value at end of period  $9.12  $8.24  $13.00  $12.71     
Number of accumulation units outstanding at end of period  665  2,052  2,014  1,383     
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES           
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.48  $9.99         
Value at end of period  $9.69  $6.48         
Number of accumulation units outstanding at end of period  31,724  37,329         
ING CLARION REAL ESTATE PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.90  $14.77  $18.31  $13.57  $11.85  $10.79 
Value at end of period  $11.86  $8.90  $14.77  $18.31  $13.57  $11.85 
Number of accumulation units outstanding at end of period  28,196  24,967  24,476  11,307  9,696  1,991 
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Fund first available during January 2007)             
Value at beginning of period  $7.10  $12.34  $13.90       
Value at end of period  $9.29  $7.10  $12.34       
Number of accumulation units outstanding at end of period  23,035  23,106  7,893       
ING COLUMBIA SMALL CAP VALUE PORTFOLIO             
(Funds were first received in this option during August 2007)             
Value at beginning of period  $6.54  $10.11  $10.12       
Value at end of period  $7.99  $6.54  $10.11       
Number of accumulation units outstanding at end of period  28,857  26,915  3,275       
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Fund first available during December 2006)             
Value at beginning of period  $6.73  $11.29  $11.06  $9.91     
Value at end of period  $8.69  $6.73  $11.29  $11.06     
Number of accumulation units outstanding at end of period  41,819  46,883  11,531  6,897     
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.70  $13.88  $13.04  $11.68  $10.78  $10.47 
Value at end of period  $11.43  $9.70  $13.88  $13.04  $11.68  $10.78 
Number of accumulation units outstanding at end of period  19,643  20,618  12,131  3,811  4,500  497 
ING EVERGREEN OMEGA PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.24  $13.01  $11.88  $11.48  $10.29   
Value at end of period  $12.90  $9.24  $13.01  $11.88  $11.48   
Number of accumulation units outstanding at end of period  6,521  61  61  62  1,033   
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.80  $14.74  $13.14  $11.97  $11.45   
Value at end of period  $12.01  $8.80  $14.74  $13.14  $11.97   
Number of accumulation units outstanding at end of period  34,153  32,504  12,281  5,700  5,245   
ING FOCUS 5 PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $5.54  $9.38         
Value at end of period  $6.62  $5.54         
Number of accumulation units outstanding at end of period  4,248  353         

Empire Traditions

CFI 54


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING FRANKLIN INCOME PORTFOLIO             
(Fund first available during October 2006)             
Value at beginning of period  $7.60  $10.96  $10.88  $10.51     
Value at end of period  $9.84  $7.60  $10.96  $10.88     
Number of accumulation units outstanding at end of period  66,231  56,147  23,365  460     
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.22  $11.84  $12.84       
Value at end of period  $8.96  $7.22  $11.84       
Number of accumulation units outstanding at end of period  10,477  9,955  8,272       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.03  $9.57  $10.10       
Value at end of period  $7.71  $6.03  $9.57       
Number of accumulation units outstanding at end of period  104,672  81,079  34,315       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.99  $20.73  $15.87  $13.33  $11.21   
Value at end of period  $16.17  $11.99  $20.73  $15.87  $13.33   
Number of accumulation units outstanding at end of period  49,247  47,914  10,111  1,770  291   
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $6.06  $8.40         
Value at end of period  $7.73  $6.06         
Number of accumulation units outstanding at end of period  25,334  146         
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $11.06           
Value at end of period  $12.91           
Number of accumulation units outstanding at end of period  5,063           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.98  $13.01  $12.66  $11.30  $10.96  $10.21 
Value at end of period  $9.63  $7.98  $13.01  $12.66  $11.30  $10.96 
Number of accumulation units outstanding at end of period  9,150  12,041  11,820  10,617  9,284  2,182 
ING INDEX PLUS MIDCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.35  $13.68  $13.26  $12.39  $11.40  $10.26 
Value at end of period  $10.77  $8.35  $13.68  $13.26  $12.39  $11.40 
Number of accumulation units outstanding at end of period  15,535  18,852  19,406  17,362  12,724  2 
ING INDEX PLUS SMALLCAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.18  $12.58  $13.72  $12.33  $11.71  $10.46 
Value at end of period  $9.99  $8.18  $12.58  $13.72  $12.33  $11.71 
Number of accumulation units outstanding at end of period  3,099  4,598  6,392  5,528  4,559  1,902 
ING INTERMEDIATE BOND PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.50  $10.61  $10.24  $10.06  $10.07   
Value at end of period  $10.37  $9.50  $10.61  $10.24  $10.06   
Number of accumulation units outstanding at end of period  99,829  82,691  20,190  4,094  2,553   

Empire Traditions

CFI 55


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $6.04  $9.52         
Value at end of period  $7.55  $6.04         
Number of accumulation units outstanding at end of period  3,669  3,847         
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $9.63  $19.25  $16.24  $13.46  $11.80   
Value at end of period  $12.88  $9.63  $19.25  $16.24  $13.46   
Number of accumulation units outstanding at end of period  16,468  21,711  15,884  487  42   
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $11.81  $24.72  $18.21  $13.67  $10.50   
Value at end of period  $19.87  $11.81  $24.72  $18.21  $13.67   
Number of accumulation units outstanding at end of period  39,776  39,218  21,548  3,608  6,864   
ING JPMORGAN MID CAP VALUE PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.94  $13.62  $13.58  $11.88  $11.17  $10.38 
Value at end of period  $11.02  $8.94  $13.62  $13.58  $11.88  $11.17 
Number of accumulation units outstanding at end of period  10,124  2,944  1,765  1,729  1,746  124 
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.10  $13.25  $13.75  $12.03  $11.83  $10.64 
Value at end of period  $11.37  $9.10  $13.25  $13.75  $12.03  $11.83 
Number of accumulation units outstanding at end of period  20,343  19,353  19,463  17,788  19,006  38 
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.42  $12.48  $12.98  $12.03  $11.03  $9.99 
Value at end of period  $9.61  $7.42  $12.48  $12.98  $12.03  $11.03 
Number of accumulation units outstanding at end of period  4,804  4,817  4,898  3,847  4,480  382 
ING LIQUID ASSETS PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $10.67  $10.62  $10.32  $10.06  $9.98  $9.99 
Value at end of period  $10.49  $10.67  $10.62  $10.32  $10.06  $9.98 
Number of accumulation units outstanding at end of period  192,945  298,444  112,965  171,907  23,926  9,833 
ING MARSICO GROWTH PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.21  $14.02  $12.53  $12.17  $11.40   
Value at end of period  $10.38  $8.21  $14.02  $12.53  $12.17   
Number of accumulation units outstanding at end of period  12,003  10,198  11,550  12,535  10,016   
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Fund first available during September 2005)             
Value at beginning of period  $8.80  $17.78  $15.04  $12.37  $11.19   
Value at end of period  $11.88  $8.80  $17.78  $15.04  $12.37   
Number of accumulation units outstanding at end of period  16,095  21,344  7,578  1,874  2,313   
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.23  $12.12  $11.88  $10.83  $10.73  $10.07 
Value at end of period  $10.67  $9.23  $12.12  $11.88  $10.83  $10.73 
Number of accumulation units outstanding at end of period  72,257  67,211  32,684  28,833  29,106  7,039 

Empire Traditions

CFI 56


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING MFS UTILITIES PORTFOLIO             
(Fund first available during August 2005)             
Value at beginning of period  $11.11  $18.19  $14.56  $11.35  $11.14   
Value at end of period  $14.46  $11.11  $18.19  $14.56  $11.35   
Number of accumulation units outstanding at end of period  32,280  31,595  23,277  9,178  9,115   
ING MIDCAP OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.45  $10.02         
Value at end of period  $8.92  $6.45         
Number of accumulation units outstanding at end of period  18,595  14,490         
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO             
(Funds were first received in this option during November 2009)             
Value at beginning of period  $13.05           
Value at end of period  $13.33           
Number of accumulation units outstanding at end of period  624           
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)             
(Fund first available during May 2003)             
Value at beginning of period  $8.46  $14.45  $13.83  $11.96  $10.06   
Value at end of period  $11.58  $8.46  $14.45  $13.83  $11.96   
Number of accumulation units outstanding at end of period  1,622  1,672  1,694  1,731  1,796   
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)           
(Fund first available during May 2003)             
Value at beginning of period  $9.08  $15.57  $14.93  $12.95  $11.66  $11.42 
Value at end of period  $12.41  $9.08  $15.57  $14.93  $12.95  $11.66 
Number of accumulation units outstanding at end of period  39,987  44,537  41,585  25,302  18,154  4 
ING OPPORTUNISTIC LARGECAP PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.09  $12.85  $12.76  $11.24  $10.73  $10.11 
Value at end of period  $9.11  $8.09  $12.85  $12.76  $11.24  $10.73 
Number of accumulation units outstanding at end of period  3  3  3  3  49  49 
ING PIMCO HIGH YIELD PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $8.78  $11.56  $11.46  $10.73  $10.49  $10.46 
Value at end of period  $12.86  $8.78  $11.56  $11.46  $10.73  $10.49 
Number of accumulation units outstanding at end of period  44,081  47,575  46,747  18,033  13,314  994 
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $11.36  $11.12  $10.41  $10.17  $10.12  $10.07 
Value at end of period  $12.75  $11.36  $11.12  $10.41  $10.17  $10.12 
Number of accumulation units outstanding at end of period  299,566  251,258  42,736  21,768  17,455  5,993 
ING PIONEER FUND PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.26  $12.90  $12.52  $10.94  $10.11   
Value at end of period  $10.05  $8.26  $12.90  $12.52  $10.94   
Number of accumulation units outstanding at end of period  542  504  483  55  102   
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.11  $12.37  $11.96  $10.86  $10.36   
Value at end of period  $9.96  $8.11  $12.37  $11.96  $10.86   
Number of accumulation units outstanding at end of period  47,737  39,531  25,790  25,216  22,987   

Empire Traditions

CFI 57


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.25           
Value at end of period  $8.31           
Number of accumulation units outstanding at end of period  1,552           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.36           
Number of accumulation units outstanding at end of period  295,045           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.62           
Number of accumulation units outstanding at end of period  393,638           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.85           
Number of accumulation units outstanding at end of period  182,135           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.83           
Value at end of period  $12.64           
Number of accumulation units outstanding at end of period  3,015           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during February 2009)             
Value at beginning of period  $5.84           
Value at end of period  $8.09           
Number of accumulation units outstanding at end of period  43,807           
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.63           
Value at end of period  $12.46           
Number of accumulation units outstanding at end of period  2,795           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.82           
Value at end of period  $12.94           
Number of accumulation units outstanding at end of period  9,184           
ING RUSSELLTM MID CAP INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $6.11  $10.11         
Value at end of period  $8.36  $6.11         
Number of accumulation units outstanding at end of period  3,505  5,947         
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.94  $10.21         
Value at end of period  $8.60  $6.94         
Number of accumulation units outstanding at end of period  12,851  11,998         

Empire Traditions

CFI 58


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING SMALLCAP OPPORTUNITIES PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.08  $14.16  $13.15  $11.94  $11.33   
Value at end of period  $11.64  $9.08  $14.16  $13.15  $11.94   
Number of accumulation units outstanding at end of period  4,871  4,851  4,999  5,033  9,557   
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.12  $10.18         
Value at end of period  $8.88  $7.12         
Number of accumulation units outstanding at end of period  19,512  15,090         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.96  $12.61  $12.32  $10.96  $10.65   
Value at end of period  $11.71  $8.96  $12.61  $12.32  $10.96   
Number of accumulation units outstanding at end of period  149,934  146,473  79,547  38,700  14,985   
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.34  $13.23  $13.09  $11.21  $11.02   
Value at end of period  $10.22  $8.34  $13.23  $13.09  $11.21   
Number of accumulation units outstanding at end of period  28,261  24,787  18,866  18,406  17,281   
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during September 2007)             
Value at beginning of period  $5.73  $10.14  $10.39       
Value at end of period  $8.01  $5.73  $10.14       
Number of accumulation units outstanding at end of period  25,388  6,525  422       
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Funds were first received in this option during January 2007)             
Value at beginning of period  $7.33  $12.59  $11.15       
Value at end of period  $9.47  $7.33  $12.59       
Number of accumulation units outstanding at end of period  29,542  24,304  4,263       
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)           
(Fund first available during January 2006)             
Value at beginning of period  $8.13  $13.75  $13.69  $11.79     
Value at end of period  $10.55  $8.13  $13.75  $13.69     
Number of accumulation units outstanding at end of period  9,237  7,561  1,825  559     
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $10.16  $9.96         
Value at end of period  $10.51  $10.16         
Number of accumulation units outstanding at end of period  11,669  1,075         
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $7.75  $13.18  $13.32  $11.88  $11.05   
Value at end of period  $10.00  $7.75  $13.18  $13.32  $11.88   
Number of accumulation units outstanding at end of period  1,967  2,060  2,024  2,772  1,350   
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.65  $12.29  $12.83  $11.29  $11.13  $10.34 
Value at end of period  $9.65  $7.65  $12.29  $12.83  $11.29  $11.13 
Number of accumulation units outstanding at end of period  64,213  56,759  45,110  31,012  20,154  43 

Empire Traditions

CFI 59


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.05  $12.07  $11.92  $10.82  $10.65   
Value at end of period  $10.86  $9.05  $12.07  $11.92  $10.82   
Number of accumulation units outstanding at end of period  40,768  38,316  8,253  3,906  1,947   
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO             
(Fund first available during November 2005)             
Value at beginning of period  $9.51  $13.58  $12.62  $10.61  $10.34   
Value at end of period  $12.02  $9.51  $13.58  $12.62  $10.61   
Number of accumulation units outstanding at end of period  29,844  26,358  22,318  6,966  5,004   
ING VAN KAMPEN GLOBAL TACTICAL ASSET ALLOCATION PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.98           
Value at end of period  $12.28           
Number of accumulation units outstanding at end of period  687           
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.42  $12.66  $12.59  $11.07  $10.67   
Value at end of period  $10.23  $8.42  $12.66  $12.59  $11.07   
Number of accumulation units outstanding at end of period  4,153  3,694  3,633  4,060  406   
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO             
(Fund first available during July 2006)             
Value at beginning of period  $7.09  $10.76  $11.39  $10.64     
Value at end of period  $9.04  $7.09  $10.76  $11.39     
Number of accumulation units outstanding at end of period  4,310  1,519  1,604  409     
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX             
PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $6.05  $10.34         
Value at end of period  $7.70  $6.05         
Number of accumulation units outstanding at end of period  43,491  10,049         
PROFUND VP EUROPE 30             
(Fund first available during May 2003)             
Value at beginning of period  $8.52  $15.52  $13.81  $11.99  $11.31  $10.57 
Value at end of period  $11.05  $8.52  $15.52  $13.81  $11.99  $11.31 
Number of accumulation units outstanding at end of period  2,688  2,688  2,688  2,689  2,708  38 
PROFUND VP RISING RATES OPPORTUNITY             
(Fund first available during September 2003)             
Value at beginning of period  $5.19  $8.54  $9.19  $8.51  $9.42  $9.62 
Value at end of period  $6.73  $5.19  $8.54  $9.19  $8.51  $9.42 
Number of accumulation units outstanding at end of period  11,772  12,291  13,137  12,579  10,503  794 

Empire Traditions

CFI 60


  Condensed Financial Information (continued)   
 
 
 
 
  Separate Account Annual Charges of 2.10%     
 
  2009  2008  2007  2006  2005  2004 
 
AIM V.I. LEISURE FUND             
(Fund first available during May 2003)             
Value at beginning of period  $7.56  $13.56  $13.96  $11.44  $11.71   
Value at end of period  $9.83  $7.56  $13.56  $13.96  $11.44   
Number of accumulation units outstanding at end of period  1,968  2,072  1,735  1,934  1,026   
BLACKROCK GLOBAL ALLOCATION V.I. FUND             
(Funds were first received in this option during September 2008)             
Value at beginning of period  $7.95  $9.11         
Value at end of period  $9.41  $7.95         
Number of accumulation units outstanding at end of period  3,273  2,087         
FIDELITY® VIP CONTRAFUND® PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.05  $16.13  $14.04  $12.87  $11.27  $11.03 
Value at end of period  $12.00  $9.05  $16.13  $14.04  $12.87  $11.27 
Number of accumulation units outstanding at end of period  4,919  5,528  5,426  2,689  925  138 
FIDELITY® VIP EQUITY-INCOME PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.33  $13.10  $13.21  $11.25  $10.92   
Value at end of period  $9.32  $7.33  $13.10  $13.21  $11.25   
Number of accumulation units outstanding at end of period  2,874  2,953  1,735  1,468  791   
ING AMERICAN FUNDS BOND PORTFOLIO             
(Funds were first received in this option during February 2008)             
Value at beginning of period  $8.79  $10.01         
Value at end of period  $9.65  $8.79         
Number of accumulation units outstanding at end of period  8,877  5,198         
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $7.78  $12.86  $12.57  $11.20  $10.86  $10.64 
Value at end of period  $9.94  $7.78  $12.86  $12.57  $11.20  $10.86 
Number of accumulation units outstanding at end of period  16,185  12,582  9,576  4,148  959  143 
ING AMERICAN FUNDS GROWTH PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $8.14  $14.93  $13.65  $12.71  $11.23  $10.90 
Value at end of period  $11.06  $8.14  $14.93  $13.65  $12.71  $11.23 
Number of accumulation units outstanding at end of period  87,630  90,878  90,235  4,612  1,046  420 
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO             
(Fund first available during September 2003)             
Value at beginning of period  $10.37  $18.41  $15.75  $13.59  $11.59   
Value at end of period  $14.45  $10.37  $18.41  $15.75  $13.59   
Number of accumulation units outstanding at end of period  7,563  7,898  8,465  4,059  885   
ING ARTIO FOREIGN PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $10.73  $19.44  $17.05  $14.13     
Value at end of period  $12.63  $10.73  $19.44  $17.05     
Number of accumulation units outstanding at end of period  4,928  5,688  4,038  618     

Empire Traditions

CFI 61


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING BARON SMALL CAP GROWTH PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $7.38  $12.83  $12.36  $11.57     
Value at end of period  $9.77  $7.38  $12.83  $12.36     
Number of accumulation units outstanding at end of period  3,093  3,615  2,189  548     
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO             
(Funds were first received in this option during June 2009)             
Value at beginning of period  $10.01           
Value at end of period  $10.53           
Number of accumulation units outstanding at end of period  1,421           
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.57  $12.69  $13.12       
Value at end of period  $9.65  $7.57  $12.69       
Number of accumulation units outstanding at end of period  4,093  4,010  771       
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES             
PORTFOLIO             
(Funds were first received in this option during April 2008)             
Value at beginning of period  $6.47  $9.99         
Value at end of period  $9.67  $6.47         
Number of accumulation units outstanding at end of period  3,161  1,455         
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.08  $12.30  $14.45       
Value at end of period  $9.24  $7.08  $12.30       
Number of accumulation units outstanding at end of period  3,831  4,154  1,411       
ING CLARION GLOBAL REAL ESTATE PORTFOLIO             
Value at beginning of period  $8.84  $14.69  $18.25       
Value at end of period  $11.76  $8.84  $14.69       
Number of accumulation units outstanding at end of period  536  551  545       
ING COLUMBIA SMALL CAP VALUE PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.51  $10.09  $10.68       
Value at end of period  $7.95  $6.51  $10.09       
Number of accumulation units outstanding at end of period  964  939  967       
ING DAVIS NEW YORK VENTURE PORTFOLIO             
(Funds were first received in this option during February 2007)             
Value at beginning of period  $6.70  $11.26  $11.31       
Value at end of period  $8.63  $6.70  $11.26       
Number of accumulation units outstanding at end of period  8,374  8,370  3,580       
ING EVERGREEN HEALTH SCIENCES PORTFOLIO             
(Funds were first received in this option during November 2008)             
Value at beginning of period  $9.64  $8.71         
Value at end of period  $11.33  $9.64         
Number of accumulation units outstanding at end of period  242  211         
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $8.75  $14.68  $14.13       
Value at end of period  $11.92  $8.75  $14.68       
Number of accumulation units outstanding at end of period  1,791  1,718  2,576       

Empire Traditions

CFI 62


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING FRANKLIN INCOME PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.57  $10.93  $11.46       
Value at end of period  $9.78  $7.57  $10.93       
Number of accumulation units outstanding at end of period  976  267  15,862       
ING FRANKLIN MUTUAL SHARES PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.21  $11.83  $12.53       
Value at end of period  $8.93  $7.21  $11.83       
Number of accumulation units outstanding at end of period  1,063  1,686  1,785       
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO           
(Funds were first received in this option during May 2007)             
Value at beginning of period  $6.02  $9.56  $10.19       
Value at end of period  $7.68  $6.02  $9.56       
Number of accumulation units outstanding at end of period  3,153  2,306  2,267       
ING GLOBAL RESOURCES PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $11.93  $20.65  $15.83  $13.98     
Value at end of period  $16.06  $11.93  $20.65  $15.83     
Number of accumulation units outstanding at end of period  4,702  3,225  1,360  449     
ING GROWTH AND INCOME PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $7.03           
Value at end of period  $7.71           
Number of accumulation units outstanding at end of period  5,621           
ING HANG SENG INDEX PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $13.22           
Value at end of period  $12.90           
Number of accumulation units outstanding at end of period  231           
ING INDEX PLUS LARGECAP PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $7.93  $12.94  $12.62  $11.65     
Value at end of period  $9.55  $7.93  $12.94  $12.62     
Number of accumulation units outstanding at end of period  75  75  75  75     
ING INDEX PLUS MIDCAP PORTFOLIO             
Value at beginning of period  $8.30  $13.61  $13.21       
Value at end of period  $10.68  $8.30  $13.61       
Number of accumulation units outstanding at end of period  1,188  1,197  1,368       
ING INDEX PLUS SMALLCAP PORTFOLIO             
Value at beginning of period  $8.13  $12.51  $13.67       
Value at end of period  $9.90  $8.13  $12.51       
Number of accumulation units outstanding at end of period  671  672  68       
ING INTERMEDIATE BOND PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $9.45  $10.57  $10.18       
Value at end of period  $10.29  $9.45  $10.57       
Number of accumulation units outstanding at end of period  4,304  4,170  2,491       

Empire Traditions

CFI 63


                                                                                                                         Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING INTERNATIONAL INDEX PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $5.71           
Value at end of period  $7.53           
Number of accumulation units outstanding at end of period  152           
ING JANUS CONTRARIAN PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $9.56  $19.15  $16.18  $14.03     
Value at end of period  $12.78  $9.56  $19.15  $16.18     
Number of accumulation units outstanding at end of period  581  1,109  251  452     
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $11.75  $24.62  $18.16  $14.54     
Value at end of period  $19.73  $11.75  $24.62  $18.16     
Number of accumulation units outstanding at end of period  2,108  2,235  2,483  449     
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.04  $13.19  $13.70  $12.00  $11.49   
Value at end of period  $11.27  $9.04  $13.19  $13.70  $12.00   
Number of accumulation units outstanding at end of period  5,373  5,335  4,846  3,681  1,562   
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $7.37  $12.42  $13.66       
Value at end of period  $9.53  $7.37  $12.42       
Number of accumulation units outstanding at end of period  399  394  380       
ING LIQUID ASSETS PORTFOLIO             
(Funds were first received in this option during May 2008)             
Value at beginning of period  $10.60  $10.61         
Value at end of period  $10.41  $10.60         
Number of accumulation units outstanding at end of period  2,840  19,925         
ING MARSICO GROWTH PORTFOLIO             
(Funds were first received in this option during September 2007)             
Value at beginning of period  $8.15  $13.95  $13.99       
Value at end of period  $10.29  $8.15  $13.95       
Number of accumulation units outstanding at end of period  363  367  371       
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO             
(Funds were first received in this option during March 2008)             
Value at beginning of period  $8.75  $15.14         
Value at end of period  $11.79  $8.75         
Number of accumulation units outstanding at end of period  243  892         
ING MFS TOTAL RETURN PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $9.17  $12.06  $11.84  $10.81  $10.70   
Value at end of period  $10.58  $9.17  $12.06  $11.84  $10.81   
Number of accumulation units outstanding at end of period  7,162  4,896  2,391  2,040  1,148   
ING MFS UTILITIES PORTFOLIO             
(Fund first available during February 2006)             
Value at beginning of period  $11.05  $18.11  $14.53  $11.73     
Value at end of period  $14.36  $11.05  $18.11  $14.53     
Number of accumulation units outstanding at end of period  2,850  3,369  2,890  535     

Empire Traditions

CFI 64


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)           
(Fund first available during May 2003)             
Value at beginning of period  $9.02  $15.49  $14.88  $12.92  $11.75   
Value at end of period  $12.31  $9.02  $15.49  $14.88  $12.92   
Number of accumulation units outstanding at end of period  4,851  4,534  4,291  1,968  813   
ING PIMCO HIGH YIELD PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $8.72  $11.50  $11.79       
Value at end of period  $12.76  $8.72  $11.50       
Number of accumulation units outstanding at end of period  905  961  1,827       
ING PIMCO TOTAL RETURN BOND PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $11.29  $11.06  $10.31       
Value at end of period  $12.64  $11.29  $11.06       
Number of accumulation units outstanding at end of period  15,268  11,396  2,841       
ING PIONEER MID CAP VALUE PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.07  $12.32  $11.93  $10.84  $10.82   
Value at end of period  $9.88  $8.07  $12.32  $11.93  $10.84   
Number of accumulation units outstanding at end of period  3,510  3,309  3,370  3,318  1,743   
ING RETIREMENT CONSERVATIVE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $8.24           
Value at end of period  $8.30           
Number of accumulation units outstanding at end of period  299           
ING RETIREMENT GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.21           
Value at end of period  $9.36           
Number of accumulation units outstanding at end of period  24,574           
ING RETIREMENT MODERATE GROWTH PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.49           
Value at end of period  $9.62           
Number of accumulation units outstanding at end of period  9,766           
ING RETIREMENT MODERATE PORTFOLIO             
(Funds were first received in this option during October 2009)             
Value at beginning of period  $9.75           
Value at end of period  $9.85           
Number of accumulation units outstanding at end of period  54,373           
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.82           
Value at end of period  $12.62           
Number of accumulation units outstanding at end of period  358           
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $6.90           
Value at end of period  $8.07           
Number of accumulation units outstanding at end of period  4,733           

Empire Traditions

CFI 65


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO             
(Funds were first received in this option during July 2009)             
Value at beginning of period  $10.62           
Value at end of period  $12.45           
Number of accumulation units outstanding at end of period  552           
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO             
(Funds were first received in this option during August 2009)             
Value at beginning of period  $11.54           
Value at end of period  $12.93           
Number of accumulation units outstanding at end of period  1,046           
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $6.93  $10.00         
Value at end of period  $8.58  $6.93         
Number of accumulation units outstanding at end of period  0  665         
ING SMALL COMPANY PORTFOLIO             
(Funds were first received in this option during June 2008)             
Value at beginning of period  $7.11  $10.11         
Value at end of period  $8.86  $7.11         
Number of accumulation units outstanding at end of period  618  383         
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.91  $12.56  $12.29  $10.95  $10.64   
Value at end of period  $11.62  $8.91  $12.56  $12.29  $10.95   
Number of accumulation units outstanding at end of period  9,101  5,703  2,985  2,156  912   
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO             
(Fund first available during May 2004)             
Value at beginning of period  $8.29  $13.16  $13.05  $11.19  $10.99   
Value at end of period  $10.14  $8.29  $13.16  $13.05  $11.19   
Number of accumulation units outstanding at end of period  5,965  2,852  1,995  385  105   
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO             
(Funds were first received in this option during June 2007)             
Value at beginning of period  $5.71  $10.12  $10.29       
Value at end of period  $7.98  $5.71  $10.12       
Number of accumulation units outstanding at end of period  3,233  2,850  2,772       
ING TEMPLETON FOREIGN EQUITY PORTFOLIO             
(Funds were first received in this option during May 2007)             
Value at beginning of period  $7.30  $12.55  $12.20       
Value at end of period  $9.42  $7.30  $12.55       
Number of accumulation units outstanding at end of period  1,178  1,226  392       
ING TEMPLETON GLOBAL GROWTH PORTFOLIO (CLASS S)           
(Funds were first received in this option during June 2007)             
Value at beginning of period  $8.09  $13.69  $14.69       
Value at end of period  $10.47  $8.09  $13.69       
Number of accumulation units outstanding at end of period  2,135  2,030  1,298       
ING U.S. BOND INDEX PORTFOLIO             
(Funds were first received in this option during May 2009)             
Value at beginning of period  $10.15           
Value at end of period  $10.48           
Number of accumulation units outstanding at end of period  213           

Empire Traditions

CFI 66


  Condensed Financial Information (continued)   
 
 
 
  2009  2008  2007  2006  2005  2004 
 
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO             
(Fund first available during January 2006)             
Value at beginning of period  $7.70  $13.12  $13.28  $12.17     
Value at end of period  $9.92  $7.70  $13.12  $13.28     
Number of accumulation units outstanding at end of period  36  36  36  36     
ING VAN KAMPEN COMSTOCK PORTFOLIO             
(Fund first available during May 2003)             
Value at beginning of period  $7.60  $12.23  $12.78  $11.27  $11.05   
Value at end of period  $9.57  $7.60  $12.23  $12.78  $11.27   
Number of accumulation units outstanding at end of period  5,419  5,449  5,434  3,025  797   
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $9.00  $12.02  $11.89  $10.81  $10.86   
Value at end of period  $10.78  $9.00  $12.02  $11.89  $10.81   
Number of accumulation units outstanding at end of period  3,658  3,362  109  110  109   
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO             
(Fund first available during May 2005)             
Value at beginning of period  $8.37  $12.61  $12.56  $11.06  $10.78   
Value at end of period  $10.15  $8.37  $12.61  $12.56  $11.06   
Number of accumulation units outstanding at end of period  891  201  203  728  170   
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX           
PORTFOLIO             
(Funds were first received in this option during February 2008)             
Value at beginning of period  $6.04  $9.65         
Value at end of period  $7.68  $6.04         
Number of accumulation units outstanding at end of period  1,595  1,607         

Empire Traditions

CFI 67


PART C -- OTHER INFORMATION 

ITEM 24: FINANCIAL STATEMENTS AND EXHIBITS 
 
 Financial Statements: 
(a)(1)  Included in Part A: 
   Condensed Financial Information 
   (2)  Included in Part B: 
   Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York: 
                               -           Report of Independent Registered Public Accounting Firm 
                               -           Statements of Operations - Statutory Basis for the years ended December 31, 2009, 
           2008 and 2007 
                               -           Balance Sheets – Statutory Basis as of December 31, 2009 and 2008 
                               -           Statements of Changes in Capital and Surplus - Statutory Basis for the years ended 
           December 31, 2009, 2008 and 2007 
                               -           Statements of Cash Flows - Statutory Basis for the years ended December 31, 2009, 
           2008 and 2007 
                               -           Notes to Financial Statements 
   Financial Statements of Separate Account NY-B: 
                               -           Report of Independent Registered Public Accounting Firm 
                               -           Statements of Assets and Liabilities as of December 31, 2009 
                               -           Statements of Operations for the year ended December 31, 2009 
                               -           Statements of Changes in Net Assets for the years ended December 31, 2009 and 2008 
                               -           Notes to Financial Statements 
   Condensed Financial Information (Accumulation Unit Values) 

   Exhibits:   
(b)     
 (1)    Resolution of the board of directors of ReliaStar Life Insurance Company of New York 
    authorizing the establishment of the Registrant, incorporated herein by reference to the 
    initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
 (2)    Custodial Agreement between Registrant and the Bank of New York, incorporated herein 
    by reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
    Insurance Company of New York Separate Account NY-B filed with the Securities and 
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).
 
 (3)  (a)  Distribution Agreement between the Depositor and Directed Services, Inc., incorporated 
    herein by reference to the initial filing of a registration statement on Form N-4 for 
    ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
    Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
  (b)  Dealers Agreement, incorporated herein by reference to the initial filing of a registration 
    statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 5, 2002 (File 
    Nos. 333-85618, 811-07935). 


(4)  (a)  Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (RLNY-IA- 
    1090), incorporated herein by reference to Pre-Effective Amendment No. 2 of a registration 
    statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on November 18, 2002 
    (File Nos. 333-85618, 811-07935). 
 
  (b)  Premium Credit Rider (RLNY-RA-1089), incorporated herein by reference to Pre-Effective 
    Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on November 18, 2002 (File Nos. 333-85618, 811-07935). 
 
  (c)  Premium Credit Disclosure (RLNY-DS-1093), incorporated herein by reference to Pre- 
    Effective Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life 
    Insurance Company of New York Separate Account NY-B filed with the Securities and 
    Exchange Commission on November 18, 2002 (File Nos. 333-85618, 811-07935). 
 
  (d)  403(b) Rider (RLNY-RA-1036), incorporated herein by reference to Post-Effective 
    Amendment No. 1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on April 17, 2003 (File Nos. 333-85618, 811-07935). 
 
  (e)  Earnings Enhancement Death Benefit Rider (RLNY-RA-1086), incorporated herein by 
    reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
    Insurance Company of New York Separate Account NY-B filed with the Securities and 
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).
 
  (f)  Simple Individual Retirement Annuity Rider (Group) (RLNY-RA-1026)(12/02)(CA), 
    incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 17, 2003 
    (File Nos. 333-85618, 811-07935). 
 
  (g)  Simple Individual Retirement Annuity Rider (RLNY-RA-1026)(12/02)(IA), incorporated 
    herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
    Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
    filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
    85618, 811-07935). 
 
  (h)  Roth Individual Retirement Annuity Rider (Group) (RLNY-RA-1038)(12/02)(CA), 
    incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 17, 2003 (File 
    Nos. 333-85618, 811-07935). 
 
  (i)  Roth Individual Retirement Annuity Rider (RLNY-RA-1038)(12/02)(IA), incorporated 
    herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
    Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
    filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
    85618, 811-07935). 


(j)  Individual Retirement Annuity Rider (Group) (RLNY-RA-1009)(12/02)(CA), incorporated 
  herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
  Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
  filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
  85618, 811-07935). 
 
(k)  Section 72 Rider (Group) (FG-RA-1002-08/97), incorporated herein by reference to the 
  initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company 
  of New York Separate Account NY-B filed with the Securities and Exchange Commission 
  on April 1, 2002 (File Nos. 333-85326, 811-07935). 
 
(l)  Section 72 Rider (Individual) (FG-RA-1001-08/95), incorporated herein by reference to the 
  initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company 
  of New York Separate Account NY-B filed with the Securities and Exchange Commission 
  on April 1, 2002 (File Nos. 333-85326, 811-07935). 
 
(m)  Individual Retirement Annuity Rider (RLNY-RA-1009)(12/02)(IA), incorporated herein by 
  reference to Post-Effective Amendment No. 1 to a Registration Statement on Form N-4 for 
  ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
  Securities and Exchange Commission on April 17, 2003 (File Nos. 333-85618, 811- 
  07935). 
 
(n)  Minimum Guaranteed Accumulation Benefit Rider (RLNY-RA-2024), incorporated 
  herein by reference to Pre-Effective Amendment No. 1 to a Registration Statement on 
  Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
  filed with the Securities and Exchange Commission on September 20, 2004 (File Nos. 
  333-115515, 811-07935). 
 
(o)  Minimum Guaranteed Income Benefit Rider (RLNY-RA-2025) (10/06), incorporated 
  herein by reference to Post-Effective Amendment No. 19 to a Registration Statement on 
  Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
  filed with the Securities and Exchange Commission on June 4, 2007 (File Nos. 333-85618, 
  811-07935). 
 
(p)  Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-2026), 
  incorporated herein by reference to Pre-Effective Amendment No. 1 to a Registration 
  Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
  Account NY-B filed with the Securities and Exchange Commission on September 20, 2004 
  (File Nos. 333-115515, 811-07935). 
 
(q)  Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3023), 
  incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration 
  Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
  Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File 
  Nos. 333-85618, 811-07935). 


  (r)  Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3029), 
    incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File 
    Nos. 333-85618, 811-07935). 
 
  (s)  Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING LifePay 
    Plus), incorporated herein by reference to Post-Effective Amendment No. 27 to a 
    Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York 
    Separate Account NY-B filed with the Securities and Exchange Commission on December 
    12, 2007 (File Nos. 333-85618, 811-07935). 
 
  (t)  Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING Joint LifePay 
    Plus), incorporated herein by reference to Post-Effective Amendment No. 27 to a 
    Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York 
    Separate Account NY-B filed with the Securities and Exchange Commission on December 
    12, 2007 (File Nos. 333-85618, 811-07935). 
 
(5)  (a)  New York Variable Annuity Application (RLNY-AA-2031) (08/07) (140326), 
    incorporated herein by reference to Post-Effective Amendment No. 23 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on August 28, 2007 
    (File Nos. 333-85618, 811-07935). 
 
  (b)  New York Variable Annuity Application (RLNY-AA-2031) (04/08) (140326), 
    incorporated herein by reference to Post-Effective Amendment No. 13 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 9, 2008 (File 
    Nos. 333-115515, 811-07935). 
 
  (c)  New York Variable Annuity Application (RLNY-AA-2031) (02/02/2009) (140326), 
    incorporated herein by reference to Post Effective Amendment No. 15 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 14, 2009 (File 
    Nos. 333-115515, 811-07935). 
 
  (d)  New York Variable Annuity Application (RLNY-AA-2031) (05/09) (140326), 
    incorporated herein by reference to Post Effective Amendment No. 15 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 14, 2009 (File 
    Nos. 333-115515, 811-07935). 
 
(6)  (a)  Articles of Incorporation of ReliaStar Life Insurance Company of New York, incorporated 
    herein by reference to the initial filing of a registration statement on Form S-6 filed with 
    the Securities and Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811- 
    03427). 
 
  (b)  By-Laws of ReliaStar Life Insurance Company of New York, incorporated herein by 
    reference to the initial filing of a registration statement on Form S-6 with the Securities and 
Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811-03427).


  (c)  Resolution of board of directors for Powers of Attorney, incorporated herein by reference 
    to the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
(7)    Not applicable. 
 
(8)  (a)  Services Agreement effective November 8, 1996 between Directed Services, Inc. and First 
    Golden American Life Insurance Company of New York, incorporated herein by reference 
    to the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
  (b)  Administrative Services Agreement effective November 8, 1996 between First Golden 
    American Life Insurance Company of New York and Golden American Life Insurance 
    Company, incorporated herein by reference to the initial filing of a registration statement 
    on Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
    filed with the Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618, 
    811-07935). 
 
  (c)  Asset Management Agreement effective March 30, 1998 between ReliaStar Life Insurance 
    Company of New York and ING Investment Management LLC, incorporated herein by 
    reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
    Insurance Company of New York Separate Account NY-B filed with the Securities and 
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).
 
  (d)  Participation Agreement entered into as of the 2nd day of September, 2003, as amended and 
    restated on May 17, 2004 by and among ING USA Annuity and Life Insurance Company, 
    ReliaStar Life Insurance Company of New York, ING Investors Trust, ING Investments, 
    LLC, Directed Services, Inc., American Funds Insurance Series and Capital Research and 
    Management Company, incorporated herein by reference to Post-Effective Amendment 
    No. 8 to Registration Statement on Form N-4 for ING USA Annuity and Life Insurance 
    Company Separate Account B filed with Securities and Exchange Commission on August 
    1, 2005 (File Nos. 333-70600, 811-05626). 
 
  (e)  Amendment No. 1 to the Business Agreement dated April 30, 2003, as amended on 
    January 1, 2008 by and among ING USA Annuity and Life Insurance Company, ReliaStar 
    Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of 
    Denver Insurance Company, ING Life Insurance and Annuity Company, ING American 
    Equities, Inc., ING Financial Advisers, LLC, Directed Services LLC, American Funds 
    Distributors and Capital Research and Management Company, incorporated herein by 
    reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement of 
    Security Life of Denver Insurance Company and its Security Life Separate Account L1, 
    File No. 333-153337, as filed on November 14, 2008. 


(f)  Fourth Amended and Restated Fund Participation Agreement entered into as of the 28th day 
  of April, 2008, as amended among ING USA Annuity and Life Insurance Company, 
  ReliaStar Life Insurance Company of New York, ING Investors Trust, Directed Services, 
  LLC, ING Funds Distributor, LLC, American Funds Insurance Series and Capital Research 
  and Management Company, incorporated herein by reference to Post-Effective 
  Amendment No. 14 to a Registration Statement on Form N-4 for ReliaStar Life Insurance 
  Company of New York Separate Account NY-B filed with the Securities and Exchange 
  Commission on December 29, 2008 (File Nos. 333-115515, 811-07935). 
 
(g)  Participation Agreement entered into as of the 15th day of September, 2008, as amended 
  among ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance 
  Company of New York, ING Investors Trust, Directed Services, LLC, ING Funds 
  Distributor, LLC, American Funds Insurance Series and Capital Research and Management 
  Company, incorporated herein by reference to Post-Effective Amendment No. 14 to a 
  Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York 
  Separate Account NY-B filed with the Securities and Exchange Commission on December 
  29, 2008 (File Nos. 333-115515, 811-07935). 
 
(h)  Rule 22c-2 Agreement dated no later than April 16, 2007 is effective October 16, 2007 
  between ING Funds Services, LLC, ING Life Insurance and Annuity Company, ING 
  National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance 
  Company, ReliaStar Life Insurance Company of New York, Security Life of Denver 
  Insurance Company and Systematized Benefits Administrators Inc., incorporated by 
  reference to Post-Effective Amendment No. 50 to Registration Statement on Form N-4 
  (File No. 033-75962), as filed on June 15, 2007. 
 
(i)  Participation Agreement enter into as of 28th day of April, 2000 between ReliaStar Life 
  Insurance Company of New York, ING Variable Insurance Trust, ING Mutual Funds 
  Management Co. LLC and ING Funds Distributor, Inc., incorporated herein by reference to 
  the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
  Company of New York Separate Account NY-B filed with the Securities and Exchange 
  Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
(j)  Form of Participation Agreement between ReliaStar Life Insurance Company of New York 
  and ING Variable Products Trust, incorporated herein by reference to the initial filing of a 
  registration statement on Form N-4 for ReliaStar Life Insurance Company of New York 
  Separate Account NY-B filed with the Securities and Exchange Commission on April 5, 
  2002 (File Nos. 333-85618, 811-07935). 
 
(k)  Form of Participation Agreement between ReliaStar Life Insurance Company of New 
  York, ProFunds and ProFund Advisors LLC, incorporated herein by reference to the initial 
  filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company of 
  New York Separate Account NY-B filed with the Securities and Exchange Commission on 
  April 5, 2002 (File Nos. 333-85618, 811-07935). 


(l)  Amended and Restated Participation Agreement as of December 30, 2005 by and among 
  Franklin Templeton Variable Insurance Products Trust/Templeton Distributors, Inc., ING 
  Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company, 
  ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York and 
  Directed Services, Inc., incorporated herein by reference to Post-Effective Amendment No. 
  17 filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company of 
  New York Separate Account NY-B filed with the Securities and Exchange Commission on 
  February 1, 2007 (File Nos. 333-85618, 811-07935). 
 
(m)  Amendment to Participation Agreement as of June 5, 2007 by and between Franklin 
  Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., ING 
  Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company, 
  ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, and 
  Directed Services, LLC, incorporated herein by reference to Pre-Effective Amendment No. 
  1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New 
  York Separate Account NY-B filed with the Securities and Exchange Commission on July 
  6, 2007 (File Nos. 333-139695, 811-07935). 
 
(n)  Letter Agreement dated May 16, 2007 between ReliaStar Life Insurance Company of New 
  York, Fidelity Distributors Corporation, Variable Insurance Products Fund, Variable 
  Insurance Products Fund II and Variable Insurance Products Fund V, incorporated herein 
  by reference to Pre-Effective Amendment No. 2 to the Registration Statement on Form N-4 
  (File No. 333-139695), as filed on September 5, 2007. 
 
(o)  Rule 22c-2 Agreement dated no later than April 16, 2007 and is effective as of October 16, 
  2007 between Fidelity Distributors Corporation, ING Life Insurance and Annuity 
  Company, ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar 
  Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of 
  Denver Insurance Company and Systematized Benefits Administrators Inc., incorporated 
  herein by reference to Post-Effective Amendment No. 50 to Registration Statement on 
  Form N-4 (File No. 033-75962), as filed on June 15, 2007. 
 
(p)  Rule 22c-2 Agreement dated no later than April 16, 2007, and is effective as of the 16th day 
  of October, 2007, between BlackRock Distributors, Inc., on behalf of and as distributor for 
  the BlackRock Funds and the Merrill Lynch family of funds and ING Life Insurance and 
  Annuity Company, ING National Trust, ING USA Annuity and Life Insurance Company, 
  ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, 
  Security Life of Denver Insurance Company and Systematized Benefits Administrators 
  Inc., incorporated by reference to Post-Effective Amendment No. 43 to a Registration 
  Statement on Form N-4 for ING USA Annuity and Life Insurance Company Separate 
  Account B filed with the Securities and Exchange Commission on April 7, 2008 (File Nos. 
  333-28755, 811-05626). 
 
(q)  Participation Agreement dated April 25, 2008, by and among BlackRock Variable Series 
  Funds, Inc., BlackRock Distributors, Inc., ING USA Annuity and Life Insurance Company 
  and ReliaStar Life Insurance Company of New York, incorporated herein by reference to 
  Post-Effective Amendment No. 26 to the Form N-6 Registration Statement of ReliaStar 
  Life Insurance Company and its Select*Life Separate Account, filed on April 7, 2009; file 
  No. 33-57244. 


  (r)  Amendment No. 1, dated as of April 24, 2009, and effective as of May 1, 2009, to 
    Participation Agreement dated April 25, 2008, by and between BlackRock Variable Series 
    Funds, Inc., BlackRock Investments, LLC and ING USA Annuity and Life Insurance 
    Company and ReliaStar Life Insurance Company of New York, incorporated herein by 
    reference to Post-Effective Amendment No. 27 to the Form N-6 Registration Statement of 
    ReliaStar Life Insurance Company and its Select*Life Separate Account, filed on August 
    18, 2009; file No. 33-57244. 
 
  (s)  Administrative Services Agreement dated April 25, 2008, by and among BlackRock 
    Advisors, LLC and ING USA Annuity and Life Insurance Company and ReliaStar Life 
    Insurance Company of New York, incorporated herein by reference to Post-Effective 
    Amendment No. 26 to the Form N-6 Registration Statement of ReliaStar Life Insurance 
    Company and its Select*Life Separate Account, filed on April 7, 2009; file No. 33-57244. 
 
  (t)  Amendment No. 1, dated as of April 24, 2009, and effective as of May 1, 2009, to 
    Administrative Services AgreementApril 25, 2008, by and among BlackRock Variable 
    Series Funds, Inc., BlackRock Investments, LLC and ING USA Annuity and Life 
    Insurance Company and ReliaStar Life Insurance Company of New York, incorporated 
    herein by reference to Post-Effective Amendment No. 27 to the Form N-6 Registration 
    Statement of ReliaStar Life Insurance Company and its Select*Life Separate Account, filed 
    on August 18, 2009; file No. 33-57244. 
 
  (u)  Rule 22c-2 Agreement dated no later than April 16, 2007 and is effective as of October 16, 
    2007 between AIM Investment Services, Inc., ING Life Insurance and Annuity Company, 
    ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life 
    Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of 
    Denver Insurance Company and Systematized Benefits Administrators Inc., incorporated 
    by reference to Post-Effective Amendment No. 50 to Registration Statement on Form N-4 
    (File No. 033-75962), as filed on June 15, 2007. 
 
  (v)  Rule 22c-2 Agreement dated April 16, 2007 and is effective as of October 16, 2007 among 
    Columbia Management Services, Inc., ING Life Insurance and Annuity Company, ING 
    National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance 
    Company, ReliaStar Life Insurance Company of New York, Security Life of Denver Life 
    Insurance Company and Systematized Benefits Administrators Inc., incorporated by 
    reference to Post-Effective Amendment No. 3 to Registration Statement on Form N-4 (File 
    No. 333-134760), as filed on July 27, 2007. 
 
  (w)  Rule 22c-2 Agreement dated March 1, 2007 and is effective as of October 16, 2007 
    between Pioneer Investment Management Shareholder Services, Inc., ING Life Insurance 
    and Annuity Company, ING National Trust, ING USA Annuity and Life Insurance 
    Company, ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New 
York, Security Life of Denver Insurance Company and Systematized Benefits
    Administrators Inc., incorporated by reference to Post-Effective Amendment No. 50 to 
    Registration Statement on Form N-4 (File No. 033-75962), as filed on June 15, 2007. 
 
(9)    Opinion and Consent of Counsel, attached. 
 
(10)    Consent of Independent Registered Public Accounting Firm, attached. 
 
(11)    Not applicable. 


  (12) Not applicable.

(13) Powers of Attorney, attached.

ITEM 25: DIRECTORS AND OFFICERS OF THE DEPOSITOR

Name  Principal Business Address  Positions and Offices with Depositor 
 
Donald W. Britton*  5780 Powers Ferry Road  President, Chief Executive Officer, 
  Atlanta, GA 30327-4390  Chairman and Director 
 
Ewout L. Steenbergen*  230 Park Avenue, New York  Executive Vice President, Chief Financial 
  NY 10169  Officer and Director 
 
James R. Gelder*  1250 Capital of Texas Hwy. S.  Director 
  Building 2, Suite 125   
  Austin, TX 78746   
 
R. Michael Conley*  2910 Holly Lane  Director 
  Plymouth, MN 55447   
 
Carol V. Coleman*  1000 Woodbury Road  Director 
  Suite 208   
  Woodbury, NY 11797   
 
Richard K. Lau*  1475 Dunwoody Drive  Director, Vice President and Actuary 
  West Chester, PA 19380-1478   
 
James F. Lille*  46 Hearthstone Drive  Director 
  Gansevoort, NY 12831   
 
Charles B. Updike*  60 East 42nd Street  Director 
  New York, NY 10165   
 
Thomas R. Voglewede*  5780 Powers Ferry Road  Director 
  Atlanta, GA 30327-4390   
 
Ross M. Weale*  56 Cove Rd.  Director 
  South Salem, NY 10590   
 
Brian D. Comer*  One Orange Way  Director and Senior Vice President 
  Windsor, CT 06095-4774   
 
Ivan J. Gilreath*  20 Washington Avenue South  Director and Senior Vice President 
  Minneapolis, MN 55401   
 
Daniel P. Mulheran, Sr.*  20 Washington Avenue South  Director and Senior Vice President 
  Minneapolis, MN 55401   


Name  Principal Business Address  Positions and Offices with Depositor 
Bridget M. Healy  230 Park Avenue, 13th Floor  Executive Vice President and Chief Legal 
  New York NY 10169  Officer 
 
Steven T. Pierson*  5780 Powers Ferry Road  Senior Vice President and Chief 
  Atlanta, GA 30327-4390  Accounting Officer 
 
Stephen J. Preston  1475 Dunwoody Drive  Senior Vice President 
  West Chester, PA 19380-1478   
 
Boyd G. Combs  5780 Powers Ferry Road  Senior Vice President, Tax 
  Atlanta, GA 30327-4390   
 
David S. Pendergrass  5780 Powers Ferry Road  Senior Vice President and Treasurer 
  Atlanta, GA 30327-4390   
 
Spencer T. Shell  5780 Powers Ferry Road  Vice President, Assistant Treasurer and 
  Atlanta, GA 30327-4390  Assistant Secretary 
 
Carol S. Stern  601 Thirteenth Street,  Vice President and Chief Compliance 
  Washington, DC 20005  Officer 
 
Ralph R. Ferraro  One Orange Way  Senior Vice President 
  Windsor, CT 06095-4774   
 
Timothy T. Matson  One Orange Way  Senior Vice President 
  Windsor, CT 06095-4774   
 
Joy M. Benner  20 Washington Avenue South  Secretary 
  Minneapolis, MN 55401   

*Principal delegated legal authority to execute this registration statement pursuant to Powers of Attorney, Exhibit 13 attached.

ITEM 26:  PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE 
  DEPOSITOR OR REGISTRANT 

Incorporated herein by reference to Item 28 in Post-Effective Amendment No. 28 to Registration
Statement on Form N-6 for Select*Life Variable Account of ReliaStar Life Insurance Company (File No.
033-57244), as filed with the Securities and Exchange Commission on April 6, 2010.

ITEM 27: NUMBER OF CONTRACT OWNERS

As of March 31, 2010 there are 3,919 qualified contract owners and 2,209 non-qualified contract owners.


ITEM 28:  INDEMNIFICATION 

ReliaStar Life Insurance Company of New York (“RLNY”) shall indemnify (including therein the
prepayment of expenses) any person who is or was a director, officer or employee, or who is or was
serving at the request of RLNY as a director, officer or employee of another corporation, partnership,
joint venture, trust or other enterprise for expenses (including attorney’s fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by him with respect to any threatened,
pending or completed action, suit or proceedings against him by reason of the fact that he is or was such a
director, officer or employee to the extent and in the manner permitted by law.

RLNY may also, to the extent permitted by law, indemnify any other person who is or was serving RLNY
in any capacity. The Board of Directors shall have the power and authority to determine who may be
indemnified under this paragraph and to what extent (not to exceed the extent provided in the above
paragraph) any such person may be indemnified.

A corporation may procure indemnification insurance on behalf of an individual who is or was a director
of the corporation. Consistent with the laws of the State of New York, ING America Insurance Holdings,
Inc. maintains Professional Liability and fidelity bond insurance policies issued by an international
insurer. The policies cover ING America Insurance Holdings, Inc. and any company in which ING
America Insurance Holdings, Inc. has a controlling financial interest of 50% or more. These policies
include the principal underwriter, as well as, the depositor and any/all assets under the care, custody and
control of ING America Insurance Holdings, Inc. and/or its subsidiaries. The policies provide for the
following types of coverage: errors and omissions/professional liability, employment practices liability
and fidelity/crime.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be
permitted to directors, officers and controlling persons of the Registrant, as provided above or otherwise,
the Registrant has been advised that in the opinion of the SEC such indemnification by the Depositor is
against public policy, as expressed in the Securities Act of 1933, and therefore may be unenforceable. In
the event that a claim of such indemnification (except insofar as it provides for the payment by the
Depositor of expenses incurred or paid by a director, officer or controlling person in the successful
defense of any action, suit or proceeding) is asserted against the Depositor by such director, officer or
controlling person and the SEC is still of the same opinion, the Depositor or Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by the Depositor is against public
policy as expressed by the Securities Act of 1933 and will be governed by the final adjudication of such
issue.

ITEM 29: PRINCIPAL UNDERWRITER

(a) At present, Directed Services LLC, the Registrant’s Distributor, serves as principal underwriter for all
contracts issued by: ING USA Annuity and Life Insurance Company through its Separate Accounts A, B,
and EQ, and Alger Separate Account A; and ReliaStar Life Insurance Company of New York through its
Separate Account NY-B.

(b) The following information is furnished with respect to the principal officers and directors of Directed
Services LLC, the Registrant's Distributor.


Name  Principal Business Address  Positions and Offices with Underwriter 
 
Ann H. Hughes  1475 Dunwoody Drive, Floor 2B  Director and President 
  West Chester, PA 19380-1478   
 
Shaun P. Mathews  10 State House Square  Director and Executive Vice President 
  Hartford, CT 06103   
 
William L. Lowe  One Orange Way  Director 
  Windsor, CT 06095   
 
Richard E. Gelfand  1475 Dunwoody Drive  Chief Financial Officer 
  West Chester, PA 19380-1475   
 
Kimberly A. Anderson  7337 E Doubletree Ranch Road,  Senior Vice President 
  Scottsdale, AZ 85258   
 
Michael J. Roland  7337 E Doubletree Ranch Road,  Senior Vice President 
  Scottsdale, AZ 85258   
 
Stanley D. Vyner  230 Park Avenue, 13th Floor  Senior Vice President 
  New York, NY 10169   
 
William Wilcox  One Orange Way  Chief Compliance Officer 
  Windsor, CT 06095   
 
Joseph M. O’Donnell  7337 E Doubletree Ranch Road  Investment Advisor Chief Compliance 
  Scottsdale, AZ 85258  Officer and Senior Vice President 
 
Julius A. Drelick, III  7337 E Doubletree Ranch Road  Vice President 
  Scottsdale, AZ 85258   
 
William A. Evans  10 State House Square  Vice President 
  Hartford, CT 06103   
 
Heather H. Hackett  230 Park Avenue, 13th Floor  Vice President 
  New York, NY 10169   
 
Todd R. Modic  7337 E Doubletree Ranch Road  Vice President 
  Scottsdale, AZ 85258   
 
David S. Pendergrass  5780 Powers Ferry Road  Vice President and Treasurer 
  Atlanta, GA 30327-4390   
 
Spencer T. Shell  5780 Powers Ferry Road  Vice President and Assistant Treasurer 
  Atlanta, GA 30327-4390   
 
Joy M. Benner  20 Washington Avenue South  Secretary 
  Minneapolis, MN 55401   


 Name  Principal Business Address  Positions and Offices with Underwriter 
 Randall K. Price  20 Washington Avenue South  Assistant Secretary   
  Minneapolis, MN 55401       
 
 Susan M. Vega  20 Washington Avenue South  Assistant Secretary   
  Minneapolis, MN 55401       
 
 G. Stephen Wastek  7337 E Doubletree Ranch Road  Assistant Secretary   
  Scottsdale, AZ 85258         
 
 Bruce Kuennen  1475 Dunwoody Drive    Attorney-in-Fact   
  West Chester, PA 19380-1478       
 
(c)           
  2009 Net         
  Underwriting         
Name of Principal  Discounts and  Compensation  Brokerage   
Underwriter  Commission  on Redemption  Commissions  Compensation 
   Directed Services LLC  $7,349,260  $0    $0  $0 
 
ITEM 30: LOCATION OF ACCOUNTS AND RECORDS       

All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and
the rules under it relating to the securities described in and issued under this Registration Statement are
maintained by the Depositor and located at: ReliaStar Life Insurance Company of New York at 1000
Woodbury Road, Suite 208, Woodbury, NY 11797 and 1475 Dunwoody Drive, West Chester, PA
19380.

ITEM 31: MANAGEMENT SERVICES

None.

ITEM 32:  UNDERTAKINGS 

(a) Registrant hereby undertakes to file a post-effective amendment to this registration statement as
frequently as it is necessary to ensure that the audited financial statements in the registration statement are
never more that 16 months old so long as payments under the variable annuity contracts may be accepted.

(b) Registrant hereby undertakes to include either (1) as part of any application to purchase a contract
offered by the prospectus, a space that an applicant can check to request a Statement of Additional
Information, or (2) a post card or similar written communication affixed to or included in the prospectus
that the applicant can remove to send for a Statement of Additional Information; and,

(c) Registrant hereby undertakes to deliver any Statement of Additional Information and any
financial statements required to be made available under this Form promptly upon written or oral request.

(d) Registrant hereby undertakes to mail notices to current contract owners promptly after the
happening of significant events related to the guarantee issued by ReliaStar Life Insurance Company of
New York with respect to allocation of contract value to a series of the ING GET U.S. Core Portfolio (the
“Guarantee”). These significant events include (i) the termination of the Guarantee; (ii) a default under


the Guarantee that has a material adverse effect on a contract owner’s right to receive his or her
guaranteed amount on the maturity date; (iii) the insolvency of ReliaStar Life Insurance Company of New
York; or (iv) a reduction in the credit rating of ReliaStar Life Insurance Company of New York’s long-
term debt as issued by Standard & Poor’s or Moody’s Investors Service, Inc. to BBB+ or lower or Baa1
or lower, respectively.

During the Guarantee Period, the Registrant hereby undertakes to include in the Registrant’s prospectus,
an offer to supply the most recent annual and/or quarterly report of each of ReliaStar Life Insurance
Company of New York, or their successors to the Guarantee, free of charge, upon a contract owner’s
request.

REPRESENTATIONS

1. The account meets definition of a “separate account” under federal securities laws.

2. ReliaStar Life Insurance Company of New York hereby represents that the fees and charges
deducted under the Contract, in the aggregate, are reasonable in relation to the services rendered, the
expenses expected to be incurred, and the risks assumed by ReliaStar Life Insurance Company of
New York.


SIGNATURES 

  As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant,
ReliaStar Life Insurance Company of New York, Separate Account NY-B, certifies that it meets all
the requirements for effectiveness of this Registration Statement under Rule 485(b) under the
Securities Act of 1933 and has duly caused this Post-Effective Amendment to the Registration
Statement to be signed on its behalf by the undersigned, duly authorized, in the City of West Chester,
Commonwealth of Pennsylvania, on the 15th day of April, 2010.

SEPARATE ACCOUNT NY-B 
(Registrant) 
 
By:  RELIASTAR LIFE INSURANCE COMPANY 
  OF NEW YORK 
  (Depositor) 
 
 
By:   
  Donald W. Britton* 
  President 
  (principal executive officer) 
 
By:  /s/ John S. Kreighbaum 
  John S. (Scott) Kreighbaum as 
  Attorney-in-Fact 

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement
has been signed by the following persons in the capacities indicated on April 15, 2010.

Signature  Title 
 
  President, Chief Executive Officer, Chairman and Director 
Donald W. Britton*  (principal executive officer) 
 
 
  Senior Vice President and Chief Accounting Officer 
Steven T. Pierson*   
 
 
  Director 
James R. Gelder*   
 
 
  Executive Vice President, Chief Financial Officer and 
Ewout L. Steenbergen*  Director 


Signature  Title 
 
  Director, Vice President and Actuary 
Richard K. Lau*   
 
 
  Director 
R. Michael Conley*   
 
 
  Director 
Carol V. Coleman*   
 
 
  Director 
James F. Lille*   
 
 
  Director 
Charles B. Updike*   
 
 
  Director 
Ross M. Weale*   
 
 
  Director and Senior Vice President 
Brian D. Comer*   
 
 
  Director and Senior Vice President 
Ivan J. Gilreath*   
 
 
  Director and Senior Vice President 
Daniel P. Mulheran, Sr.*   
 
 
  Director 
Thomas R. Voglewede*   
 
 
By: /s/ John S. Kreighbaum   
                     John S. (Scott) Kreighbaum as   
                     Attorney-in-Fact   

*Executed by John S. (Scott) Kreighbaum on behalf of those indicated pursuant to Powers of Attorney.


  EXHIBIT INDEX   
ITEM  EXHIBIT  PAGE # 
24(b)(9)  Opinion and Consent of Counsel  EX-99.B9 
24(b) (10)  Consent of Independent Registered Public Accounting Firm  EX-99.B10 
24(b) (13)  Powers of Attorney  EX-99.B13