As filed with the Securities and Exchange			Registration No. 333-85618
Commission on April 18, 2013			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. 42			[ 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)
Nicholas Morinigo, Esq.
ReliaStar Life Insurance Company of New York
1475 Dunwoody Drive, West Chester, PA 19380-1478
(610) 425-3447
(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 May 1, 2013 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 May 1, 2013
To The Prospectus Dated May 1, 2013
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.
The following information only affects you if you currently invest in the subaccount that corresponds to the Fidelity® VIP
Contrafund® Portfolio.
NOTICE OF AND IMPORTANT INFORMATION REGARDING A FUND SUBSTITUTION
The Securities and Exchange Commission issued an order to permit the ReliaStar Life Insurance Company of New
York and its Separate Account NY-B to replace, effective on or about July 12, 2013 (the “Substitution Effective
Date”), the Fidelity® VIP Contrafund® Portfolio (“Replaced Fund”) with the ING Large Cap Growth Portfolio
(“Substitute Fund”).
The following lists important information regarding the upcoming fund substitution:
·	Prior to the Substitution Effective Date, and for thirty days thereafter you may transfer amounts allocated to
	the subaccount that invests in the Replaced Fund to any other available subaccount or any available fixed
	account free of charge, and any such transfer will not count as a transfer when imposing any applicable
	restrictions or limits on transfers (other than restrictions related to frequent or disruptive transfers).
·	On the Substitution Effective Date, your investment in the subaccount that invests in the Replaced Fund
	will automatically become an investment in the subaccount that invests in the Substitute Fund with an equal
	total net asset value.
·	You will not incur any fees or charges or any tax liability because of the substitution, and your Contract
	value immediately before the substitution will equal your Contract value immediately after the substitution.
·	The overall expenses of the Substitute Fund are less than the overall expenses of the Replaced Fund. The
	fees and expenses of the Substitute Fund are more fully described in the Substitute Fund’s summary
	prospectus.
·	The investment objective and policies of the Substitute Fund are similar to the investment objective and
	policies of the Replaced Fund. The investment objective of the Substitute Fund, along with information
	about the Substitute Fund's investment adviser/subadviser, are more fully described in the Substitute Fund’s
	summary prospectus.
·	Prior to the Substitution Effective Date you will be sent a fund summary prospectus for the Substitute
	Fund. Read this summary prospectus carefully before deciding what to do with amounts allocated to the
	Subaccount that invests in the Substitute Fund. If you have not received one, or if you need another copy,
	please contact our Customer Service Center at 1-800-366-0066.
·	After the Substitution Effective Date, the subaccount investing in the Replaced Fund will no longer be
	available through the Contract and there will be no further disclosure regarding it in any future Contract
	prospectus or supplements to the Contract prospectus.

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

May 1, 2013 

This prospectus describes ING Empire Traditions Variable Annuity, a deferred combination variable and fixed annuity
contract (the “Contract”) issued by ReliaStar Life Insurance Company of New York (“ReliaStar of NY,” the
“Company,” “we,” “us” 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 no longer offer 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 May 1 , 2013, 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.

The investment portfolios are listed on the next page. 

ING Empire Traditions - 85618

The investment portfolios currently open and available to new premiums and transfers under your Contract are:

BlackRock Global Allocation V.I. Fund (Class III)	ING Large Cap Growth Portfolio (Class ADV)
ING American Funds Asset Allocation Portfolio	ING Large Cap Value Portfolio (Class S)
ING American Funds Global Growth and Income Portfolio	ING Liquid Assets Portfolio (Class S)
ING American Funds International Growth and Income Portfolio	ING Marsico Growth Portfolio (Class S)
ING American Funds International Portfolio	ING MFS Total Return Portfolio (Class S)
ING American Funds World Allocation Portfolio (Class S)	ING MFS Utilities Portfolio (Class S)
ING Baron Growth Portfolio (Class S)	ING MidCap Opportunities Portfolio (Class S)
ING BlackRock Health Sciences Opportunities Portfolio (Class S)	ING Morgan Stanley Global Franchise Portfolio (Class S)
ING BlackRock Inflation Protected Bond Portfolio (Class S)	ING Multi-Manager Large Cap Core Portfolio (Class S)
ING BlackRock Large Cap Growth Portfolio (Class S)	ING Oppenheimer Global Portfolio (Class S)
ING Bond Portfolio	ING PIMCO High Yield Portfolio ( Class S)
ING Columbia Contrarian Core Portfolio (Class S)	ING PIMCO Total Return Bond Portfolio (Class S)
ING DFA World Equity Portfolio (Class S)
ING EURO STOXX 50® Index Portfolio (Class ADV)	ING Pioneer Mid Cap Value Portfolio (Class S)
ING FMRSM Diversified Mid Cap Portfolio (Class S)	ING Retirement Conservative Portfolio (Class ADV)
ING Franklin Income Portfolio (Class S)	ING Retirement Growth Portfolio (Class ADV)
ING Franklin Mutual Shares Portfolio (Class S)	ING Retirement Moderate Growth Portfolio (Class ADV)
ING Franklin Templeton Founding Strategy Portfolio (Class S)	ING Retirement Moderate Portfolio (Class ADV)
ING FTSE 100 Index® Portfolio (Class ADV)	ING Russell™ Large Cap Growth Index Portfolio (Class S)
ING Global Perspectives Portfolio (Class ADV)	ING RussellTM Large Cap Index Portfolio (Class S)
ING Global Resources Portfolio (Class ADV)	ING Russell™ Large Cap Value Index Portfolio (Class S)
ING Growth and Income Portfolio (Class ADV)	ING Russell™ Mid Cap Growth Index Portfolio (Class S)
ING Hang Seng Index Portfolio (Class S)	ING RussellTM Mid Cap Index Portfolio (Class S)
ING Intermediate Bond Portfolio (Class S)	ING RussellTM Small Cap Index Portfolio (Class S)
ING International Index Portfolio (Class S)	ING Small Company Portfolio (Class S)
ING Invesco Comstock Portfolio (Class S)	ING Templeton Foreign Equity Portfolio (Class S)
ING Invesco Equity and Income Portfolio (Class S)	ING Templeton Global Growth Portfolio (Class S)
ING Invesco Growth and Income Portfolio (Class S)	ING T. Rowe Price Capital Appreciation Portfolio (Class S)
ING Japan TOPIX Index® Portfolio (Class ADV)	ING T. Rowe Price Equity Income Portfolio (Class S)
ING JPMorgan Emerging Markets Equity Portfolio (Class S)	ING T. Rowe Price Growth Equity Portfolio (Class S)
ING JPMorgan Mid Cap Value Portfolio (Class S)	ING T. Rowe Price International Stock Portfolio (Class S)
ING JPMorgan Small Cap Core Equity Portfolio (Class S)	ING U. S. Bond Index Portfolio (Class S)
	ING WisdomTreeSM Global High-Yielding Equity Index
	Portfolio (Class S)*

* Effective July 12, 2013, the ING WisdomTree^SM Global High-Yielding Equity Index Portfolio will change its name to ING Global Value 

Advantage Portfolio, and at that time will change its investment objective. 

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.

ING Empire Traditions - 85618

TABLE OF CONTENTS
	Page
INDEX OF SPECIAL TERMS	1
FEES AND EXPENSES	2
CONDENSED FINANCIAL INFORMATION	6
RELIASTAR OF NY SEPARATE ACCOUNT NY-B	6
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK	7
THE TRUSTS AND FUNDS	8
CHARGES AND FEES	10
THE ANNUITY CONTRACT	15
LIVING BENEFIT RIDERS	22
WITHDRAWALS	50
TRANSFERS AMONG YOUR INVESTMENTS (EXCESSIVE TRADING POLICY)	52
DEATH BENEFIT CHOICES	56
THE INCOME PHASE	59
OTHER CONTRACT PROVISIONS	62
OTHER INFORMATION	65
FEDERAL TAX CONSIDERATIONS	67
STATEMENT OF ADDITIONAL INFORMATION	77
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

ING Empire Traditions – 85618

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: 

Special Term	Page
Accumulation Unit	6
Annual Ratchet Enhanced Death Benefit	57
Annuitant	16
Cash Surrender Value	21
Contract Date	16
Contract Owner	16
Contract Value	21
Contract Year	16
Fixed Interest Allocation	22
Free Withdrawal Amount	11
GET Fund	8
Income Phase Payment Start Date	20
Net Investment Factor	6
Net Rate of Return	6
Restricted Funds	9
Standard Death Benefit	57

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

ING Empire Traditions – 85618

1

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
	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 net amount of a withdrawal you would like sent to you by overnight
	delivery service.
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.

ING Empire Traditions – 85618

2

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.
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.

ING Empire Traditions – 85618

3

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%

ING Empire Traditions – 85618

4

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.
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			0.53%	1.85%
expenses):
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.”
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:
1) If you surrender or annuitize* your contract at the end of the applicable time period:
1 year	3 years	5 years	10 years
$1,196	$2,424	$3,601	$6,530
2) If you do not surrender your contract:
1 year	3 years	5 years	10 years
$596	$1,824	$3,101	$6,530
* 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.
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.

ING Empire Traditions – 85618

5

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 statements of operations, the statements of changes in net assets and the related
notes to financial statements for Separate Account NY-B and the statutory basis financial statements and the related notes to
financial statements for ReliaStar Life Insurance Company of New York are included in the Statement of Additional
Information.
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

ING Empire Traditions – 85618

6

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: Other variable annuity contracts 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.”

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.LLC, 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. 

Pursuant to an agreement with the European Commission (“EC”), ING has announced its intention to divest itself of ING U.S., 

Inc. and its subsidiaries, including the Company (“ING U.S.”), which constitutes ING’s U.S.-based retirement, investment 

management and insurance operations. Under the agreement with the EC, ING is required to divest itself of at least 25% of 

ING U.S. by the end of 2013, more than 50% by the end of 2014 and 100% by the end of 2016. While all options for effecting 

the separation from ING remain open, ING has announced that the base case for this separation includes an initial public 

offering (“IPO”) of ING U.S., and in connection with the proposed IPO of its common stock ING U.S. filed a registration 

statement on Form S-1 with the SEC in November 2012, which was amended in January, March and April 2013. While the 

base case for the separation is an IPO, all options remain open and it is possible that ING’s divestment of ING U.S. may take 

place by means of a sale to a single buyer or group of buyers. 

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

ING Empire Traditions – 85618

7

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 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 

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 “fund of 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 

ING Empire Traditions – 85618

8

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 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

ING Empire Traditions – 85618

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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 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:
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)
ING Empire Traditions – 85618		10

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.

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.

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.

ING Empire Traditions – 85618

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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 net 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.

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 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

ING Empire Traditions – 85618

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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.
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%
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:
Maximum Annual Charge		Current Annual Charge
	2.50%	0.90%

ING Empire Traditions – 85618

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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.”

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, ING Investments, 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.

Revenue Received from Affiliated Funds.
The revenue received by the company from may be deducted from fund assets and may include:
·	A share of the management fee;
·	Service fees;
·	For certain share classes, compensation paid from 12b-1; 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.

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 may also receive additional

ING Empire Traditions – 85618

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compensation in the form of intercompany payments from an affiliated fund’s investment advisor or the investment advisor’s
parent in order to allocate revenue and profits across the organization. The intercompany payments and other revenue received
from affiliated funds provide the company with a financial incentive to offer affiliated funds through the contract rather than
unaffiliated funds.
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 revenue received by the company or its affiliates from unaffiliated funds may be deducted from fund assets and may
include:
·	Service fees;
·	For certain share classes, compensation paid from 12b-1 fees; and
·	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’s prospectus. These additional payments may be used by us to finance distribution of the contract.

If the unaffiliated fund families currently offered through the contract that made payments to us were individually ranked
according to the total amount they paid to the company or its affiliates in 2012, 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 2012, the affiliated funds would be at the top of the list.

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 fund and its corresponding underlying fund or
funds.

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. See also “Other
Contract Provisions – Selling the Contract.”

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. 

ING Empire Traditions – 85618

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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 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.

ING Empire Traditions – 85618

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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 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 we receive 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 no longer offer 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.
	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)

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

ING Empire Traditions – 85618

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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 86^th 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.

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.

ING Empire Traditions – 85618

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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.
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.
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

ING Empire Traditions – 85618

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

Anti-Money Laundering
In order to protect against the possible misuse of our products in money laundering or terrorist financing, we have adopted an
anti-money laundering program satisfying the requirements of the USA PATRIOT Act and other current anti-money
laundering laws. Among other things, this program requires us, our agents and customers to comply with certain procedures
and standards that serve to assure that our customers’ identities are properly verified and that premiums and loan repayments
are not derived from improper sources.

Under our anti-money laundering program, we may require policy owners, insured persons and/or beneficiaries to provide
sufficient evidence of identification, and we reserve the right to verify any information provided to us by accessing information
databases maintained internally or by outside firms.

We may also refuse to accept certain forms of premium payments or loan repayments (traveler’s cheques, cashier's checks,
bank drafts, bank checks and treasurer's checks, for example) or restrict the amount of certain forms of premium payments or
loan repayments (money orders totaling more than $5,000.00, 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 the payment and
not issuing the Contract.

Applicable laws designed to prevent terrorist financing and money laundering might, in certain circumstances, require
us to block certain transactions until authorization is received from the appropriate regulator. We may also be required
to provide additional information about you and your policy to government regulators.

Our anti-money laundering program is subject to change without notice to take account of changes in applicable laws or
regulations and our ongoing assessment of our exposure to illegal activity.

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

ING Empire Traditions – 85618

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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.
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.

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

ING Empire Traditions – 85618

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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.

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. 

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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:
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.
	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

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

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:
·	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.

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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 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, 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. If you purchased this rider prior to August 21, 2006, the
features and benefits of your rider may differ from those described below, please refer to your contract for more details.

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
based on your contract value, the annuity option you selected and the guaranteed or the income factors in effect on the date
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:
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 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).

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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 would be $17,908 on the MGIB Date,
	the result of the $10,000 initial premium multiplied by the 6% 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.

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	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
	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.

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	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.
(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.

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.

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 Global Perspectives Portfolio	ING Retirement Moderate Portfolio
ING Invesco Equity and Income Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING Liquid Assets Portfolio	Fixed Interest Allocation
ING MFS Total Return Portfolio
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 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 BlackRock Inflation Protected Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Bond Portfolio	ING Intermediate Bond Portfolio
ING U.S. Bond Index 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

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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 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;
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

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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.

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.

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 contract anniversary.

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.

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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 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.” 

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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:

·    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%. 

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 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

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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.

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.

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

	Maximum Annual
Annuitant 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 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 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.

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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, 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:

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

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 Global Perspectives Portfolio	ING Retirement Moderate Portfolio
ING Invesco Equity and Income Portfolio ING T. Rowe Price Capital Appreciation Portfolio
ING Liquid Assets Portfolio	Fixed Interest Allocation
ING MFS Total Return Portfolio
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 BlackRock Inflation Protected Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Bond Portfolio	ING Intermediate Bond Portfolio
ING U.S. Bond Index Portfolio

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.

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38

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;
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.

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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;
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.

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.

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 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

ING Empire Traditions – 85618

40

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:

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 “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

ING Empire Traditions – 85618

41

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 65^th 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 65^th 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 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.” 

ING Empire Traditions – 85618

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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:

·    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%. 

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.

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,

ING Empire Traditions – 85618

43

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.

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.

ING Empire Traditions – 85618

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

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.
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.

ING Empire Traditions – 85618

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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 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.

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.

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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 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:

Rider Purchase Date	Fixed Allocation Fund Percentage
On or After February 2, 2009	30%
Before February 2, 2009	20%
ING Empire Traditions – 85618	47

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.

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 Global Perspectives Portfolio	ING Retirement Moderate Portfolio
ING Invesco Equity and Income Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING Liquid Assets Portfolio	Fixed Interest Allocation
ING MFS Total Return Portfolio
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 BlackRock Inflation Protected Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Bond Portfolio	ING Intermediate Bond Portfolio
ING U.S. Bond Index 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.

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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 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 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
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.

ING Empire Traditions – 85618

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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 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: 

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 

ING Empire Traditions – 85618

50

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 28^th 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%

A fixed dollar systematic withdrawal of less than $100 on any withdrawal date will terminate your systematic withdrawal.
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 withdrawals.

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.

ING Empire Traditions – 85618

51

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 the Contract Date and no later than the 28^th 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.

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. 

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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:

· 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 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

ING Empire Traditions – 85618

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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 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.

ING Empire Traditions – 85618

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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 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. 

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· 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.

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. Subject to the conditions and requirements of state law, unless you elect otherwise, the distribution will 

generally be made into an interest bearing account, backed by our general account. This account is not FDIC insured and can 

be accessed by the beneficiary through a draftbook feature. The beneficiary may access death benefit proceeds at any time 

without penalty. Interest credited under this account may be less than under other settlement options, and the Company seeks 

to make a profit on these accounts. We will generally distribute 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.” At the time of 

death benefit election, the beneficiary may elect to receive the death benefit proceeds directly by check rather than through the 

draftbook feature of the interest bearing account by notifying our Customer Service Center Beneficiaries should carefully 

ING Empire Traditions – 85618

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review all settlement and payment options available under the contract and are encouraged to consult with a financial
professional or tax advisor before choosing a settlement or payment option.

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.

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.

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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:

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 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.

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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 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).

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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 90^th birthday; or
• The tenth anniversary of the last premium payment made to your Contract.

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 85^th
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.

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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.

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)
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.

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 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. 

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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, Pennsylvania 19380 is the principal underwriter
and distributor of the Contract, as well as of contracts issued by our affiliates, ING USA Annuity and Life Insurance Company
and ING Life Insurance and Annuity Company. Directed Services LLC, a Delaware limited liability company, is registered
with the SEC as a broker/dealer under the Securities Exchange Act of 1934, as amended, and is a member of the Financial
Industry Regulatory Authority, Inc., or FINRA.

Directed Services LLC does not retain any commissions or compensation that we pay to it 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, which representatives we refer to as selling
firms. Selling firms are also registered with the SEC and are FINRA member firms.

ING Financial Partners, Inc. is affiliated with the Company and has entered into a selling agreement
with Directed Services LLC for the sale of our variable annuity contracts.

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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; 

· 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. 

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.

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The following is a list of the top 25 selling firms that, during 2012, 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:

1.	Morgan Stanley Smith Barney LLC	14.	Metlife Securities Inc.
2.	ING Financial Partners Inc.-Retirement Channels	15.	Next Financial Group Inc.
3.	Merrill Lynch, Pierce, Fenner & Smith, Incorporated	16.	SII Investments Inc. WI
4.	National Planning Corporation	17.	Royal Alliance Associates Inc.
5.	LPL Financial Corporation	18.	Mid-Atlantic Securities, Inc.
6.	American Portfolios Financial Services Inc.	19.	Lincoln Financial Advisors Corporation
7.	Cadaret, Grant and Co., Inc.	20.	MML Investors Services Inc.
8.	Wells Fargo Advisors, LLC	21.	ING Financial Partners Inc.
9.	Cetera Advisors LLC	22.	Securities Service Network Inc.
10.	Citigroup Global Markets, Inc.	23.	Wells Fargo SEC, LLC
11.	UBS Financial Services Inc.	24.	Securities America Inc.
12.	Park Avenue Securities LLC	25.	Sage Rutty and Co Inc.
13.	Chase Investment Svcs. Corp.

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 

ING Empire Traditions – 85618

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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 that are likely to have a material adverse effect upon the Company’s ability
to meet its obligations under the contract, Directed Services LLC ability to distribute the contract or upon the separate account.

Litigation. Notwithstanding the foregoing, the Company and/or Directed Services LLC, is a defendant in a number of
litigation matters arising from the conduct of its business, both in the ordinary course and otherwise. In some of these
matters, claimants seek to recover very large or indeterminate amounts, including compensatory, punitive, treble and
exemplary damages. Certain claims are asserted as class actions. Modern pleading practice in the U.S. permits
considerable variation in the assertion of monetary damages and other relief. The variability in pleading requirements
and past experience demonstrates that the monetary and other relief that may be requested in a lawsuit or claim
oftentimes bears little relevance to the merits or potential value of a claim. Due to the uncertainties of litigation, the
outcome of a litigation matter and the amount or range of potential loss is difficult to forecast and a determination of
potential losses requires significant management judgment.

Regulatory Matters. As with other financial services companies, the Company and its affiliates, including Directed
Services LLC, periodically receive 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 Company or the financial services industry. It is the practice of the Company to cooperate fully in
these matters. Regulatory investigations, exams, inquiries and audits could result in regulatory action against the
Company or subject the Company to settlement payments, fines, penalties and other financial consequences, as well as
changes to the Company’s policies and procedures.

It is not possible to predict the ultimate outcome for all pending litigation and regulatory matters and given the large and
indeterminate amounts sought and the inherent unpredictability of such matters, it is possible that an adverse outcome in
certain litigation or regulatory matters could, from time to time, have a material adverse effect upon the Company's results of
operations or cash flows in a particular quarterly or annual period.

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FEDERAL TAX CONSIDERATIONS 

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: 

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. 

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 to 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 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. 

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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:

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. 

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:

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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 partial withdrawals or surrenders from either the original contract or the 

new contract during the 180 day period beginning on the date of the partial exchange may retroactively negate the partial 

exchange. If the partial exchange is retroactively negated, the partial withdrawal or 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. 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 180 days of a partial exchange 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. 

On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010, which included language that 

permits the partial annuitization of non-qualified annuities, effective for amounts received in taxable years beginning after 

December 31, 2010. The provision applies an exclusion ratio to any amount received as an annuity under a portion of an 

annuity provided that the annuity payments are made for a period of 10 years or more or for life. 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. 

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 die on September 1, 2013, your entire balance must be distributed by August 

31, 2018. 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. 

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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

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 as well as your particular
facts and circumstances. 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

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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, 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.

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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 directly transferred 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 

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 directly transferred 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 directly transferred 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. 

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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 directly transferred 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; 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. 

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 directly transferred 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. 

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: 

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. 

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 

die on September 1, 2013, your entire balance must be distributed to the designated beneficiary by December 31, 2018. 

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: 

Over the life of the designated beneficiary; or 

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

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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 full or partial withdrawal from a 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 investment in the contract at that time. 

Investment in the contract is generally equal to the amount of all contributions to the contract previously included in your gross 

income, 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. 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 

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to the exclusion ratio rules under Tax Code Section 72(b) for tax purposes. Please consult your tax advisor about the tax
consequences of living benefits.

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 , 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. Please consult your tax advisor about the tax consequences of enhanced death
benefits.

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.

ING Empire Traditions – 85618

76

STATEMENT OF ADDITIONAL INFORMATION 

Table of Contents 

Item 

Introduction 

Description of ReliaStar Life Insurance Company of New York 

Separate Account NY-B of ReliaStar Life Insurance Company of New York 

Safekeeping of Assets 

The Administrator 

Experts 

Distribution of Contracts 

Published Ratings 

Accumulation Unit Value 

Performance Information 

Other Information 

Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York 

Financial Statements of ReliaStar Life Insurance Company of New York Separate Account NY-B 

Condensed Financial Information (Accumulation Unit Values) 

Please tear off, complete and return the form below to order a free Statement of Additional Information for
the Contracts offered under the prospectus. Send the form to our Customer Service Center at P.O. Box 9271,
Des Moines, Iowa 50306-9271.
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PLEASE SEND ME A FREE COPY OF THE STATEMENT OF ADDITIONAL INFORMATION FOR SEPARATE
ACCOUNT NY-B, ING EMPIRE TRADITIONS VARIABLE ANNUITY 333-85618.

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05/01/2013 

ING Empire Traditions – 85618

77

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, 2012, including 

portfolio names, and derives from the financial statements of the Separate Account, which together constitute the Separate Account’s Condensed Financial 

Information. Portfolio name changes after December 31, 2012 are not reflected in the following 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, 2012, 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 New York Separate Account NY-B available under the Contract for the indicated periods. 

Separate Account Annual Charges of 1.05%

	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during April 2006)
Value at beginning of period	$13.26	$14.27	$11.40	$9.22	$12.97	$13.46	$12.99
Value at end of period	$14.59	$13.26	$14.27	$11.40	$9.22	$12.97	$13.46
Number of accumulation units outstanding at end of period	0	0	0	0	0	222	222
FIDELITY® VIP CONTRAFUND® PORTFOLIO
Value at beginning of period	$15.71	$16.33	$14.12	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03	$10.00
Value at end of period	$18.05	$15.71	$16.33	$14.12	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03
Number of accumulation units outstanding at end of period	3,555	3,667	6,508	9,160	11,829	13,703	14,467	10,615	10,696	5,194
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
Value at beginning of period	$11.41	$11.46	$10.08	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13	$10.00
Value at end of period	$13.22	$11.41	$11.46	$10.08	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13
Number of accumulation units outstanding at end of period	3,751	4,034	5,630	5,911	6,136	6,243	12,728	12,851	13,601	5,826
ING AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME
PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$9.70
Value at end of period	$10.12
Number of accumulation units outstanding at end of period	387
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.21	$19.14	$18.13	$12.87	$22.61	$19.14	$16.34	$13.66	$11.76
Value at end of period	$18.81	$16.21	$19.14	$18.13	$12.87	$22.61	$19.14	$16.34	$13.66
Number of accumulation units outstanding at end of period	0	0	435	586	671	699	723	844	983
ING BALANCED PORTFOLIO
Value at beginning of period	$10.03	$10.29	$9.14	$7.77	$10.95	$10.51
Value at end of period	$11.26	$10.03	$10.29	$9.14	$7.77	$10.95
Number of accumulation units outstanding at end of period	0	907	907	920	836	4,368
ING BARON GROWTH PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$13.01	$12.86	$10.27	$7.68	$13.21	$12.58	$11.03	$11.00
Value at end of period	$15.40	$13.01	$12.86	$10.27	$7.68	$13.21	$12.58	$11.03
Number of accumulation units outstanding at end of period	257	0	71	259	381	406	430	455
Empire Traditions		A 1

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.08	$11.66	$11.01	$9.27	$13.13	$12.23	$10.85	$9.93	$8.61
Value at end of period	$14.20	$12.08	$11.66	$11.01	$9.27	$13.13	$12.23	$10.85	$9.93
Number of accumulation units outstanding at end of period	2,774	3,577	3,575	3,539	3,475	3,615	3,642	6,400	880
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$12.28	$12.01
Value at end of period	$12.92	$12.28
Number of accumulation units outstanding at end of period	1,064	589
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.09	$11.38	$10.14	$7.87	$13.06	$12.36	$11.66	$10.92
Value at end of period	$12.56	$11.09	$11.38	$10.14	$7.87	$13.06	$12.36	$11.66
Number of accumulation units outstanding at end of period	1,732	1,881	1,883	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	$10.18	$11.51	$9.84	$9.31
Value at end of period	$10.84	$10.18	$11.51	$9.84
Number of accumulation units outstanding at end of period	0	0	94	95
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$20.04	$18.50	$14.61	$10.86	$17.86	$21.94	$16.11	$13.55
Value at end of period	$22.91	$20.04	$18.50	$14.61	$10.86	$17.86	$21.94	$16.11
Number of accumulation units outstanding at end of period	247	247	299	438	529	613	668	583
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$9.87	$10.25	$8.27	$6.24
Value at end of period	$11.15	$9.87	$10.25	$8.27
Number of accumulation units outstanding at end of period	0	0	0	320
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.54	$11.37	$10.17	$9.27	$11.12	$10.95	$10.94
Value at end of period	$12.85	$11.54	$11.37	$10.17	$7.79	$11.12	$10.95
Number of accumulation units outstanding at end of period	0	0	381	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	$9.95	$10.14	$9.18	$7.34	$11.92	$11.71
Value at end of period	$11.18	$9.95	$10.14	$9.18	$7.34	$11.92
Number of accumulation units outstanding at end of period	637	704	778	861	2,264	2,470
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during April 2006)
Value at beginning of period	$18.27	$20.32	$16.88	$12.41	$21.25	$16.12	$16.27
Value at end of period	$17.56	$18.27	$20.32	$16.88	$12.41	$21.25	$16.12
Number of accumulation units outstanding at end of period	1,005	1,190	1,380	1,529	1,531	243	177
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.60	$9.99
Value at end of period	$10.94	$9.60
Number of accumulation units outstanding at end of period	3,479	5,958

Empire Traditions

A 2

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.74	$8.88	$7.88	$7.16
Value at end of period	$9.99	$8.74	$8.88	$7.88
Number of accumulation units outstanding at end of period	874	4,593	3,140	3,183
ING INDEX PLUS LARGECAP PORTFOLIO
Value at beginning of period	$10.08	$10.22	$9.09	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06	$10.00
Value at end of period	$11.38	$10.08	$10.22	$9.09	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06
Number of accumulation units outstanding at end of period	4,450	4,981	7,767	8,407	9,181	13,755	14,665	15,902	17,336	2,261
ING INDEX PLUS MIDCAP PORTFOLIO
Value at beginning of period	$15.02	$15.39	$12.79	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24	$10.00
Value at end of period	$17.44	$15.02	$15.39	$12.79	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24
Number of accumulation units outstanding at end of period	942	1,385	1,445	1,950	3,194	4,643	4,910	5,208	5,699	2,393
ING INDEX PLUS SMALLCAP PORTFOLIO
Value at beginning of period	$14.87	$15.17	$12.52	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64	$10.00
Value at end of period	$16.50	$14.87	$15.17	$12.52	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64
Number of accumulation units outstanding at end of period	217	217	218	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	$12.45	$11.73	$10.82	$10.75	$10.87	$10.40	$10.00
Value at end of period	$13.44	$12.45	$11.73	$10.82	$9.83	$10.87	$10.40
Number of accumulation units outstanding at end of period	468	0	732	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	$7.08	$8.17	$7.67	$7.07
Value at end of period	$8.30	$7.08	$8.17	$7.67
Number of accumulation units outstanding at end of period	0	0	0	1,250
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
Value at beginning of period	$12.35	$12.75	$11.19	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67	$10.00
Value at end of period	$14.50	$12.35	$12.75	$11.19	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67
Number of accumulation units outstanding at end of period	2,742	5,391	6,196	7,165	6,489	6,843	6,890	7,029	6,994	5,965
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$11.51	$11.88	$10.68	$8.81
Value at end of period	$13.04	$11.51	$11.88	$10.68
Number of accumulation units outstanding at end of period	0	0	1,499	567
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$19.97	$24.69	$20.74	$12.22	$25.34	$18.49	$16.05
Value at end of period	$23.53	$19.97	$24.69	$20.74	$12.22	$25.34	$18.49
Number of accumulation units outstanding at end of period	451	499	552	610	1,606	1,896	2,026
ING JPMORGAN MID CAP VALUE PORTFOLIO
Value at beginning of period	$17.85	$17.71	$14.56	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82	$10.00
Value at end of period	$21.19	$17.85	$17.71	$14.56	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82
Number of accumulation units outstanding at end of period	467	1,730	1,731	1,823	1,121	1,834	1,980	2,059	1,643	1,642
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
Value at beginning of period	$16.02	$16.41	$13.09	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44	$10.00
Value at end of period	$18.82	$16.02	$16.41	$13.09	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44
Number of accumulation units outstanding at end of period	932	739	750	793	960	1,170	2,451	2,307	1,799	185
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.86
Value at end of period	$10.34
Number of accumulation units outstanding at end of period	5,525
Empire Traditions		A 3

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$14.43	$14.26	$12.61	$8.95	$12.48	$11.30	$10.82	$10.54
Value at end of period	$16.82	$14.43	$14.26	$12.61	$8.95	$12.48	$11.30	$10.82
Number of accumulation units outstanding at end of period	1,592	1,592	1,063	1,063	1,063	1,063	1,063	1,062
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$11.04
Value at end of period	$11.41
Number of accumulation units outstanding at end of period	680
ING LIQUID ASSETS PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$17.84	$18.03	$18.22	$18.35	$18.10	$17.43	$16.99
Value at end of period	$17.66	$17.84	$18.03	$18.22	$18.35	$18.10	$17.43
Number of accumulation units outstanding at end of period	35,733	44,953	58,410	73,578	58,287	717	102
ING MFS TOTAL RETURN PORTFOLIO
Value at beginning of period	$28.59	$28.44	$26.16	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87	$10.00
Value at end of period	$31.45	$28.59	$28.44	$26.16	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87
Number of accumulation units outstanding at end of period	1,899	2,572	4,008	4,086	3,722	5,912	5,626	5,933	5,121	1,397
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$17.17
Value at end of period	$17.48
Number of accumulation units outstanding at end of period	219
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.62	$13.88	$12.08	$8.75	$14.82	$14.05	$12.03	$10.06
Value at end of period	$15.19	$12.62	$13.88	$12.08	$8.75	$14.82	$14.05	$12.03
Number of accumulation units outstanding at end of period	1,911	1,976	2,048	2,192	3,548	3,746	3,925	4,136
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
Value at beginning of period	$14.32	$15.80	$13.79	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87	$10.00
Value at end of period	$17.19	$14.32	$15.80	$13.79	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87
Number of accumulation units outstanding at end of period	104	104	104	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	$16.26	$15.74	$13.92	$9.42	$12.29	$12.07	$11.20	$10.85	$10.00
Value at end of period	$18.35	$16.26	$15.74	$13.92	$9.42	$12.29	$12.07	$11.20	$10.85
Number of accumulation units outstanding at end of period	2,102	2,073	2,073	2,074	2,074	5,386	6,722	6,615	6,112
ING PIMCO TOTAL RETURN BOND PORTFOLIO
Value at beginning of period	$20.23	$19.76	$18.54	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56	$10.00
Value at end of period	$21.77	$20.23	$19.76	$18.54	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56
Number of accumulation units outstanding at end of period	3,151	3,134	9,120	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	$10.12	$10.36	$9.38	$9.22
Value at end of period	$11.32	$10.12	$10.36	$9.38
Number of accumulation units outstanding at end of period	0	0	1,020	1,021
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.48	$10.59	$9.64	$9.50
Value at end of period	$11.58	$10.48	$10.59	$9.64
Number of accumulation units outstanding at end of period	13,924	15,917	22,867	23,734

Empire Traditions

A 4

Condensed Financial Information (continued)
	2012	2011	2010	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	$10.81	$10.70	$9.87	$9.75
Value at end of period	$11.79	$10.81	$10.70	$9.87
Number of accumulation units outstanding at end of period	0	0	13,962	2,277
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.56	$14.16	$12.72	$10.85
Value at end of period	$16.46	$14.56	$14.16	$12.72
Number of accumulation units outstanding at end of period	557	1,129	2,735	3,157
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$9.21	$9.11	$8.22	$6.99
Value at end of period	$10.50	$9.21	$9.11	$8.22
Number of accumulation units outstanding at end of period	2,375	1,637	1,637	1,637
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.73	$13.79	$12.54	$10.65
Value at end of period	$15.75	$13.73	$13.79	$12.54
Number of accumulation units outstanding at end of period	204	205	261	965
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.18	$10.50	$8.50	$8.32
Value at end of period	$11.75	$10.18	$10.50	$8.50
Number of accumulation units outstanding at end of period	336	0	79	80
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.34	$10.90	$8.74	$6.99	$10.06
Value at end of period	$11.85	$10.34	$10.90	$8.74	$6.99
Number of accumulation units outstanding at end of period	2,368	2,898	3,530	3,530	3,531
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.04	$13.79	$12.22	$9.27	$12.92	$12.51	$11.03	$10.79
Value at end of period	$15.90	$14.04	$13.79	$12.22	$9.27	$12.92	$12.51	$11.03
Number of accumulation units outstanding at end of period	1,006	1,045	1,355	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	$12.16	$12.40	$10.91	$8.82	$13.86	$13.59	$11.53	$11.02
Value at end of period	$14.11	$12.16	$12.40	$10.91	$8.82	$13.86	$13.59	$11.53
Number of accumulation units outstanding at end of period	0	0	0	0	0	486	486	540
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.11	$13.96	$12.40	$9.10	$18.22	$15.27	$12.45	$11.23
Value at end of period	$14.23	$12.11	$13.96	$12.40	$9.10	$18.22	$15.27	$12.45
Number of accumulation units outstanding at end of period	339	1,008	1,009	1,019	1,219	1,819	2,008	1,435
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.15	$10.53	$9.80	$7.51	$12.78	$11.21	$9.79
Value at end of period	$10.74	$9.15	$10.53	$9.80	$7.51	$12.78	$11.21
Number of accumulation units outstanding at end of period	0	0	821	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	$11.85	$11.19	$10.68	$10.23	$10.00
Value at end of period	$12.14	$11.85	$11.19	$10.68	$10.23
Number of accumulation units outstanding at end of period	278	601	601	663	62
Empire Traditions		A 5

Condensed Financial Information (continued)
	2012	2011	2010	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	$11.35	$11.79	$10.55	$8.10	$13.65	$13.66	$12.08	$11.17
Value at end of period	$12.71	$11.35	$11.79	$10.55	$8.10	$13.65	$13.66	$12.08
Number of accumulation units outstanding at end of period	598	598	598	598	598	598	598	598
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$3.18	$5.14	$6.19	$4.73	$7.70	$8.21	$7.54	$8.27	$8.75
Value at end of period	$2.93	$3.18	$5.14	$6.19	$4.73	$7.70	$8.21	$7.54	$8.27
Number of accumulation units outstanding at end of period	0	908	908	679	687	3,057	3,231	528	528
Separate Account Annual Charges of 2.10%
	2012	2011	2010	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	$9.54	$10.11	$9.41	$7.95	$9.11
Value at end of period	$10.27	$9.54	$10.11	$9.41	$7.95
Number of accumulation units outstanding at end of period	2,212	2,564	2,613	3,273	2,087
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.07	$13.74	$12.00	$9.05	$16.13	$14.04	$12.87	$11.27	$11.03
Value at end of period	$14.86	$13.07	$13.74	$12.00	$9.05	$16.13	$14.04	$12.87	$11.27
Number of accumulation units outstanding at end of period	2,360	3,405	4,642	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	$10.34	$10.49	$9.32	$7.33	$13.10	$13.21	$11.25	$10.92
Value at end of period	$11.85	$10.34	$10.49	$9.32	$7.33	$13.10	$13.21	$11.25
Number of accumulation units outstanding at end of period	1,141	2,172	2,773	2,874	2,953	1,735	1,468	791
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.65	$15.09	$14.45	$10.37	$18.41	$15.75	$13.59	$11.59
Value at end of period	$14.52	$12.65	$15.09	$14.45	$10.37	$18.41	$15.75	$13.59
Number of accumulation units outstanding at end of period	4,978	6,517	8,400	7,563	7,898	8,465	4,059	885
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO
(Funds were first received in this option during February 2011)
Value at beginning of period	$14.18	$15.48
Value at end of period	$15.69	$14.18
Number of accumulation units outstanding at end of period	760	484
ING BARON GROWTH PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$12.11	$12.10	$9.77	$7.38	$12.83	$12.36	$11.57
Value at end of period	$14.19	$12.11	$12.10	$9.77	$7.38	$12.83	$12.36
Number of accumulation units outstanding at end of period	1,973	2,435	2,512	3,093	3,615	2,189	548
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$12.18	$11.87	$11.33	$9.64	$8.71
Value at end of period	$14.15	$12.18	$11.87	$11.33	$9.64
Number of accumulation units outstanding at end of period	238	240	241	242	211
Empire Traditions		A 6

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$11.93	$10.88	$10.53	$10.01
Value at end of period	$12.42	$11.93	$10.88	$10.53
Number of accumulation units outstanding at end of period	1,399	1,406	1,413	1,421
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.32	$10.71	$9.65	$7.57	$12.69	$13.12
Value at end of period	$11.57	$10.32	$10.71	$9.65	$7.57	$12.69
Number of accumulation units outstanding at end of period	3,808	3,858	3,940	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	$9.79	$11.18	$9.67	$6.47	$9.99
Value at end of period	$10.32	$9.79	$11.18	$9.67	$6.47
Number of accumulation units outstanding at end of period	3,450	3,389	3,398	3,161	1,455
ING BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.37	$10.02	$9.65	$8.79	$10.01
Value at end of period	$10.81	$10.37	$10.02	$9.65	$8.79
Number of accumulation units outstanding at end of period	8,113	8,089	9,127	8,877	5,198
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$9.73	$10.50	$9.24	$7.08	$12.30	$14.45
Value at end of period	$11.97	$9.73	$10.50	$9.24	$7.08	$12.30
Number of accumulation units outstanding at end of period	3,534	3,770	3,776	3,831	4,154	1,411
ING CLARION REAL ESTATE PORTFOLIO
Value at beginning of period	$15.80	$14.74	$11.76	$8.84	$14.69	$18.25
Value at end of period	$17.88	$15.80	$14.74	$11.76	$8.84	$14.69
Number of accumulation units outstanding at end of period	276	482	485	536	551	545
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.29	$9.75	$7.95	$6.51	$10.09	$10.68
Value at end of period	$10.38	$9.29	$9.75	$7.95	$6.51	$10.09
Number of accumulation units outstanding at end of period	754	762	916	964	939	967
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Funds were first received in this option during February 2007)
Value at beginning of period	$8.84	$9.47	$8.63	$6.70	$11.26	$11.31
Value at end of period	$9.71	$8.84	$9.47	$8.63	$6.70	$11.26
Number of accumulation units outstanding at end of period	7,764	7,589	8,564	8,374	8,370	3,580
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$13.06	$14.98	$11.92	$8.75	$14.68	$14.13
Value at end of period	$14.66	$13.06	$14.98	$11.92	$8.75	$14.68
Number of accumulation units outstanding at end of period	1,857	1,739	1,682	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	$10.86	$10.82	$9.78	$7.57	$10.93	$11.46
Value at end of period	$11.97	$10.86	$10.82	$9.78	$7.57	$10.93
Number of accumulation units outstanding at end of period	3,516	1,823	2,028	976	267	15,862
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.47	$9.75	$8.93	$7.21	$11.83	$12.53
Value at end of period	$10.53	$9.47	$9.75	$8.93	$7.21	$11.83
Number of accumulation units outstanding at end of period	745	787	1,015	1,063	1,686	1,785
Empire Traditions		A 7

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$8.05	$8.33	$7.68	$6.02	$9.56	$10.19
Value at end of period	$9.13	$8.05	$8.33	$7.68	$6.02	$9.56
Number of accumulation units outstanding at end of period	2,634	2,718	2,729	3,153	2,306	2,267
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during March 2011)
Value at beginning of period	$8.80	$10.74
Value at end of period	$8.34	$8.80
Number of accumulation units outstanding at end of period	1,572	1,579
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during February 2006)
Value at beginning of period	$17.01	$19.12	$16.06	$11.93	$20.65	$15.83	$13.98
Value at end of period	$16.18	$17.01	$19.12	$16.06	$11.93	$20.65	$15.83
Number of accumulation units outstanding at end of period	3,016	2,694	2,717	4,702	3,225	1,360	449
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.50	$9.99
Value at end of period	$10.72	$9.50
Number of accumulation units outstanding at end of period	13,402	13,995
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.36	$8.59	$7.71	$7.03
Value at end of period	$9.45	$8.36	$8.59	$7.71
Number of accumulation units outstanding at end of period	5,551	5,699	5,505	5,621
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.84	$13.58	$12.90	$13.22
Value at end of period	$13.63	$10.84	$13.58	$12.90
Number of accumulation units outstanding at end of period	292	294	230	231
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.37	$10.62	$9.55	$7.93	$12.94	$12.62	$11.65
Value at end of period	$11.58	$10.37	$10.62	$9.55	$7.93	$12.94	$12.62
Number of accumulation units outstanding at end of period	0	74	74	75	75	75	75
ING INDEX PLUS MIDCAP PORTFOLIO
Value at beginning of period	$12.27	$12.71	$10.68	$8.30	$13.61	$13.21
Value at end of period	$14.10	$12.27	$12.71	$10.68	$8.30	$13.61
Number of accumulation units outstanding at end of period	809	1,075	1,079	1,188	1,197	1,368
ING INDEX PLUS SMALLCAP PORTFOLIO
Value at beginning of period	$11.51	$11.88	$9.90	$8.13	$12.51	$13.67
Value at end of period	$12.64	$11.51	$11.88	$9.90	$8.13	$12.51
Number of accumulation units outstanding at end of period	602	670	670	671	672	68
ING INTERMEDIATE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.60	$11.04	$10.29	$9.45	$10.57	$10.18
Value at end of period	$12.38	$11.60	$11.04	$10.29	$9.45	$10.57
Number of accumulation units outstanding at end of period	2,199	2,346	3,972	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	$6.80	$7.93	$7.53	$5.71
Value at end of period	$7.89	$6.80	$7.93	$7.53
Number of accumulation units outstanding at end of period	201	171	158	152
Empire Traditions		A 8

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.34	$10.78	$9.57	$7.60	$12.23	$12.78	$11.27	$11.05
Value at end of period	$12.01	$10.34	$10.78	$9.57	$7.60	$12.23	$12.78	$11.27
Number of accumulation units outstanding at end of period	3,348	4,434	5,345	5,419	5,449	5,434	3,025	797
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.42	$11.82	$10.78	$9.00	$12.02	$11.89	$10.81	$10.86
Value at end of period	$12.58	$11.42	$11.82	$10.78	$9.00	$12.02	$11.89	$10.81
Number of accumulation units outstanding at end of period	3,843	3,990	3,638	3,658	3,362	109	110	109
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.71	$11.18	$10.15	$8.37	$12.61	$12.56	$11.06	$10.78
Value at end of period	$12.01	$10.71	$11.18	$10.15	$8.37	$12.61	$12.56	$11.06
Number of accumulation units outstanding at end of period	1,614	1,753	1,785	891	201	203	728	170
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$18.59	$23.23	$19.73	$11.75	$24.62	$18.16	$14.54
Value at end of period	$21.68	$18.59	$23.23	$19.73	$11.75	$24.62	$18.16
Number of accumulation units outstanding at end of period	1,948	1,920	2,051	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	$13.51	$13.99	$11.27	$9.04	$13.19	$13.70	$12.00	$11.49
Value at end of period	$15.70	$13.51	$13.99	$11.27	$9.04	$13.19	$13.70	$12.00
Number of accumulation units outstanding at end of period	2,314	4,097	4,997	5,373	5,335	4,846	3,681	1,562
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.83
Value at end of period	$10.27
Number of accumulation units outstanding at end of period	69,875
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Funds were first received in this option during March 2010)
Value at beginning of period	$14.33	$14.32	$13.08
Value at end of period	$16.53	$14.33	$14.32
Number of accumulation units outstanding at end of period	273	534	249
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during March 2011)
Value at beginning of period	$9.99	$10.26
Value at end of period	$11.18	$9.99
Number of accumulation units outstanding at end of period	519	521
ING LIQUID ASSETS PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.98	$10.19	$10.41	$10.60	$10.61
Value at end of period	$9.77	$9.98	$10.19	$10.41	$10.60
Number of accumulation units outstanding at end of period	1,340	1,347	1,354	2,840	19,925
ING MARSICO GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$11.63	$12.08	$10.29	$8.15	$13.95	$13.99
Value at end of period	$12.81	$11.63	$12.08	$10.29	$8.15	$13.95
Number of accumulation units outstanding at end of period	257	260	263	363	367	371
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.32	$11.38	$10.58	$9.17	$12.06	$11.84	$10.81	$10.70
Value at end of period	$12.32	$11.32	$11.38	$10.58	$9.17	$12.06	$11.84	$10.81
Number of accumulation units outstanding at end of period	5,388	6,774	7,456	7,162	4,896	2,391	2,040	1,148
Empire Traditions		A 9

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING MFS UTILITIES PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$16.65	$15.98	$14.36	$11.05	$18.11	$14.53	$11.73
Value at end of period	$18.47	$16.65	$15.98	$14.36	$11.05	$18.11	$14.53
Number of accumulation units outstanding at end of period	3,461	3,515	2,919	2,850	3,369	2,890	535
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$14.20	$14.71
Value at end of period	$16.10	$14.20
Number of accumulation units outstanding at end of period	456	457
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$12.52	$13.96	$12.31	$9.02	$15.49	$14.88	$12.92	$11.75
Value at end of period	$14.87	$12.52	$13.96	$12.31	$9.02	$15.49	$14.88	$12.92
Number of accumulation units outstanding at end of period	2,730	3,763	4,560	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	$14.59	$14.27	$12.76	$8.72	$11.50	$11.79
Value at end of period	$16.29	$14.59	$14.27	$12.76	$8.72	$11.50
Number of accumulation units outstanding at end of period	790	820	708	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	$13.51	$13.33	$12.64	$11.29	$11.06	$10.31
Value at end of period	$14.38	$13.51	$13.33	$12.64	$11.29	$11.06
Number of accumulation units outstanding at end of period	16,369	17,295	17,189	15,268	11,396	2,841
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.62	$11.41	$9.88	$8.07	$12.32	$11.93	$10.84	$10.82
Value at end of period	$11.54	$10.62	$11.41	$9.88	$8.07	$12.32	$11.93	$10.84
Number of accumulation units outstanding at end of period	340	2,309	3,478	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	$9.03	$8.77	$8.30	$8.24
Value at end of period	$9.54	$9.03	$8.77	$8.30
Number of accumulation units outstanding at end of period	396	336	311	299
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.89	$10.23	$9.36	$9.21
Value at end of period	$10.94	$9.89	$10.23	$9.36
Number of accumulation units outstanding at end of period	23,109	23,538	24,169	24,574
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.24	$10.45	$9.62	$9.49
Value at end of period	$11.19	$10.24	$10.45	$9.62
Number of accumulation units outstanding at end of period	9,246	9,436	9,791	9,766
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.56	$10.56	$9.85	$9.75
Value at end of period	$11.39	$10.56	$10.56	$9.85
Number of accumulation units outstanding at end of period	60,358	58,410	56,432	54,373
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.14	$13.90	$12.62	$10.82
Value at end of period	$15.82	$14.14	$13.90	$12.62
Number of accumulation units outstanding at end of period	338	364	366	358
Empire Traditions		A 10

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$8.85	$8.85	$8.07	$6.90
Value at end of period	$9.99	$8.85	$8.85	$8.07
Number of accumulation units outstanding at end of period	4,223	4,558	4,591	4,733
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.33	$13.54	$12.45	$10.62
Value at end of period	$15.13	$13.33	$13.54	$12.45
Number of accumulation units outstanding at end of period	756	774	778	552
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.25	$15.93	$12.93	$11.54
Value at end of period	$17.25	$15.25	$15.93	$12.93
Number of accumulation units outstanding at end of period	864	874	959	1,046
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.93	$10.59	$8.58	$6.93	$10.00
Value at end of period	$11.26	$9.93	$10.59	$8.58	$6.93
Number of accumulation units outstanding at end of period	0	0	0	0	665
ING SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.25	$10.76	$8.86	$7.11	$10.11
Value at end of period	$11.46	$10.25	$10.76	$8.86	$7.11
Number of accumulation units outstanding at end of period	853	820	909	618	383
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.07	$12.98	$11.62	$8.91	$12.56	$12.29	$10.95	$10.64
Value at end of period	$14.65	$13.07	$12.98	$11.62	$8.91	$12.56	$12.29	$10.95
Number of accumulation units outstanding at end of period	6,825	8,625	9,219	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	$11.07	$11.41	$10.14	$8.29	$13.16	$13.05	$11.19	$10.99
Value at end of period	$12.71	$11.07	$11.41	$10.14	$8.29	$13.16	$13.05	$11.19
Number of accumulation units outstanding at end of period	2,179	4,002	3,781	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	$8.80	$9.10	$7.98	$5.71	$10.12	$10.29
Value at end of period	$10.21	$8.80	$9.10	$7.98	$5.71	$10.12
Number of accumulation units outstanding at end of period	2,103	3,109	3,537	3,233	2,850	2,772
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$11.28	$13.14	$11.79	$8.75	$15.14
Value at end of period	$13.11	$11.28	$13.14	$11.79	$8.75
Number of accumulation units outstanding at end of period	206	217	230	243	892
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$8.61	$10.02	$9.42	$7.30	$12.55	$12.20
Value at end of period	$10.00	$8.61	$10.02	$9.42	$7.30	$12.55
Number of accumulation units outstanding at end of period	8,490	1,101	1,138	1,178	1,226	392
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.20	$11.05	$10.47	$8.09	$13.69	$14.69
Value at end of period	$12.16	$10.20	$11.05	$10.47	$8.09	$13.69
Number of accumulation units outstanding at end of period	1,862	1,867	1,868	2,135	2,030	1,298
Empire Traditions		A 11

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING U.S. BOND INDEX PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$11.38	$10.87	$10.48	$10.15
Value at end of period	$11.54	$11.38	$10.87	$10.48
Number of accumulation units outstanding at end of period	282	240	222	213
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.46	$10.98	$9.92	$7.70	$13.12	$13.28	$12.17
Value at end of period	$11.58	$10.46	$10.98	$9.92	$7.70	$13.12	$13.28
Number of accumulation units outstanding at end of period	0	35	36	36	36	36	36
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$7.49	$7.96	$7.68	$6.04	$9.65
Value at end of period	$8.44	$7.49	$7.96	$7.68	$6.04
Number of accumulation units outstanding at end of period	1,560	1,572	1,583	1,595	1,607

Empire Traditions

A 12

APPENDIX B
The Investment Portfolios
The following table reflects investment portfolio name changes.
Fund Name Changes
Former Fund Name	New Fund Name
ING Invesco Van Kampen Comstock Portfolio	ING Invesco Comstock Portfolio
ING Invesco Van Kampen Equity and Income Portfolio	ING Invesco Equity and Income Portfolio
ING Invesco Van Kampen Growth and Income Portfolio	ING Invesco Growth and Income Portfolio
ING Pioneer Fund Portfolio	ING Multi-Manager Large Cap Core Portfolio
Invesco Van Kampen V.I. American Franchise Fund	Invesco V.I. American Franchise Fund
The following investment portfolios are closed to new premiums and transfers. Contract owners who have value in any of the
closed investment portfolios may leave their contract value in these investments.
Closed Investment Portfolios
Columbia Small Cap Value Fund (Class B)	ING Index Plus LargeCap Portfolio (Class S)
Fidelity® VIP Contrafund® Portfolio (Service Class 2)	ING Index Plus MidCap Portfolio (Class S)
Fidelity® VIP Equity-Income Portfolio (Service Class 2)	ING Index Plus SmallCap Portfolio (Class S)
ING Balanced Portfolio (Class S)	ING Large Cap Growth Portfolio (Class S)
ING Clarion Global Real Estate Portfolio (Class S)	ING Oppenheimer Global Portfolio (Class I)
ING Clarion Real Estate Portfolio (Class S)	ING SmallCap Opportunities Portfolio (Class S)
ING Columbia Small Cap Value II Portfolio (Class S)	Invesco V.I. American Franchise Fund (Class I)
ING GET Fund	ProFund VP Bull
ING Global Resources Portfolio (Class S)	ProFund VP Europe 30
ING Growth and Income Portfolio (Class S) and (Class I)	ProFund VP Rising Rates Opportunity
Open Investment Portfolios
During the accumulation phase, you may allocate your premium payments and contract value to any of the investment
portfolios available under this Contract, plus any Fixed Interest Allocation that is available. The investment portfolios
that are currently available for allocation are listed in this appendix . 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.

ING Empire Traditions – 85618

B-1

Certain funds are designated as “Master-Feeder” or “fund of 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.

ING Empire Traditions – 85618

B-2

Fund Name and
Investment Adviser/Subadviser	Investment Objective
BlackRock Global Allocation V.I. Fund	Seeks to provide high total return through a fully managed
	investment policy utilizing U.S. and foreign equity, debt and
Investment Adviser: BlackRock Advisors, LLC	money market instruments, the combination of which will be
Investment Subadviser: BlackRock Investment	varied from time to time both with respect to types of
Management, LLC; BlackRock International Limited	securities and markets in response to changing market and
	economic trends.
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
and Management CompanySM
ING American Funds Global Growth and Income	Seeks to provide you with long-term growth of capital while
Portfolio	providing current income.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
and Management CompanySM
ING American Funds International Growth and Income	Seeks to provide you with long-term growth of capital while
Portfolio	providing current income.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
and Management CompanySM
ING American Funds International Portfolio	Seeks to provide you with long-term growth of capital.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
and Management CompanySM
ING American Funds World Allocation Portfolio	Seeks long-term growth of capital.
Investment Adviser: Directed Services LLC
Asset Allocation Committee
ING Baron Growth Portfolio	Seeks capital appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: BAMCO, Inc.
ING BlackRock Health Sciences Opportunities Portfolio	Seeks long-term capital growth.
Investment Adviser: Directed Services LLC
Investment Subadviser: BlackRock Advisors, 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 Empire Traditions – 85618

B-3

Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING BlackRock Large Cap Growth Portfolio	Seeks long-term growth of capital.
Investment Adviser: Directed Services LLC
Investment Subadviser: BlackRock Investment
Management, LLC
ING Bond Portfolio	Seeks to provide maximum total return through income and
	capital appreciation.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co. LLC
ING Columbia Contrarian Core Portfolio	Seeks total return, consisting of long-term capital appreciation
	and current income.
Investment Adviser: Directed Services LLC
Investment Subadviser: Columbia Management
Investment Advisers, LLC
ING DFA World Equity Portfolio	Seeks long-term capital appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: Dimensional Fund Advisors LP
ING EURO STOXX 50® Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the EURO STOXX 50® Index.
Investment Subadviser: ING Investment Management
Co. LLC
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.
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 Empire Traditions – 85618

B-4

Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING FTSE 100 Index® Portfolio	A non-diversified Portfolio that seeks investment results
	(before fees and expenses) that correspond to the total return
Investment Adviser: ING Investments, LLC	(which includes capital appreciation and income) of the FTSE
Investment Subadviser: ING Investment Management	100 Index®.
Co. LLC
ING Global Perspectives Portfolio	Seeks total return.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co. LLC
ING Global Resources Portfolio	A non-diversified Portfolio that seeks long-term capital
	appreciation.
Investment Adviser: Directed Services, LLC
Investment Subadviser: ING Investment Management
Co. LLC
ING Growth and Income Portfolio	Seeks to maximize total return through investments in a
	diversified portfolio of common stocks and securities
Investment Adviser: ING Investments, LLC	convertible into common stocks. It is anticipated that capital
Investment Subadviser: ING Investment Management	appreciation and investment income will both be major factors
Co. LLC	in achieving total return.
ING Hang Seng Index Portfolio	A non-diversified Portfolio that seeks investment results
	(before fees and expenses) that correspond to the total return
Investment Adviser: ING Investments, LLC	(which includes capital appreciation and income) of the Hang
Investment Subadviser: ING Investment Management	Seng Index.
Co. LLC
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
Investment Subadviser: ING Investment Management	is anticipated that capital appreciation and investment income
Co. LLC	will both be major factors in achieving total return.
ING International Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of a widely accepted International
Investment Subadviser: ING Investment Management	Index.
Co. LLC
ING Invesco Comstock Portfolio	Seeks capital growth and income.
Investment Adviser: Directed Services LLC
Investment Subadviser: Invesco Advisers, Inc.
ING Invesco Equity and Income Portfolio	Seeks total return, consisting of long-term capital appreciation
	and current income.
Investment Adviser: Directed Services LLC
Investment Subadviser: Invesco Advisers, Inc.
ING Invesco Growth and Income Portfolio	Seeks long-term growth of capital and income.
Investment Adviser: Directed Services LLC
Investment Subadviser: Invesco Advisers, Inc.

ING Empire Traditions – 85618

B-5

Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Japan TOPIX Index® Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Tokyo Stock Price Index®.
Investment Subadviser: ING Investment Management
Co. LLC
ING JPMorgan Emerging Markets Equity Portfolio	Seeks capital appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: J.P. Morgan Investment
Management Inc.
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 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 Large Cap Growth Portfolio	Seeks long-term capital growth.
Investment Adviser: Directed Services LLC
Investment Subadviser: ING Investment Management
Co. LLC
ING Large Cap Value Portfolio	Seeks growth of capital and current income.
Investment Adviser: Directed Services LLC
Investment Subadviser: ING Investment Management
Co. LLC
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. LLC
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 and secondarily, seeks reasonable
Investment Subadviser: Massachusetts Financial	opportunity for growth of capital and income.
Services Company

ING Empire Traditions – 85618

B-6

Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING MFS Utilities Portfolio	Seeks total return.
Investment Adviser: Directed Services LLC
Investment Subadviser: Massachusetts Financial
Services Company
ING MidCap Opportunities Portfolio	Seeks long-term capital appreciation.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co. LLC
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.
ING Multi-Manager Large Cap Core Portfolio	Seeks reasonable income and capital growth.
Investment Adviser: Directed Services LLC
Investment Subadviser: Columbia Management
Investment Advisers, LLC and The London Company of
Virginia d/b/a The London Company
ING Oppenheimer Global Portfolio	Seeks capital appreciation.
Investment Adviser: Directed Services 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 Mid Cap Value Portfolio	Seeks capital appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: Pioneer Investment
Management, Inc.

ING Empire Traditions – 85618

B-7

Fund Name and
Investment Adviser/Subadviser	Investment Objective
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
Asset Allocation Committee	Moderate Growth Portfolio.
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
Asset Allocation Committee	Moderate Portfolio but less than that of ING Retirement
	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
Asset Allocation Committee	Conservative Portfolio but less than that of ING Retirement
	Moderate Growth Portfolio.
ING Russell™ Large Cap Growth Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell Top 200® Growth
Investment Subadviser: ING Investment Management	Index.
Co. LLC
ING RussellTM Large Cap Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell Top 200® Index.
Investment Subadviser: ING Investment Management
Co. LLC
ING Russell™ Large Cap Value Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell Top 200® Value
Investment Subadviser: ING Investment Management	Index.
Co.LLC
ING Russell™ Mid Cap Growth Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell Midcap® Growth
Investment Subadviser: ING Investment Management	Index.
Co. LLC
ING RussellTM Mid Cap Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell Midcap® Index.
Investment Subadviser: ING Investment Management
Co. LLC
ING RussellTM Small Cap Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Russell 2000® Index.
Investment Subadviser: ING Investment Management
Co. LLC

ING Empire Traditions – 85618

B-8

Fund Name and
Investment Adviser/Subadviser	Investment Objective
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. LLC
ING Templeton Foreign Equity Portfolio	Seeks long-term capital growth.
Investment Adviser: Directed Services LLC
Investment Subadviser: Templeton Investment Counsel,
LLC
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 with 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 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 T. Rowe Price International Stock Portfolio	Seeks long-term growth of capital.
Investment Adviser: Directed Services LLC
Investment Subadviser: T. Rowe Price Associates, Inc.
ING U.S. Bond Index Portfolio	Seeks investment results (before fees and expenses) that
	correspond to the total return (which includes capital
Investment Adviser: ING Investments, LLC	appreciation and income) of the Barclays Capital U.S.
Investment Subadviser: ING Investment Management	Aggregate Bond Index.
Co. LLC

ING Empire Traditions – 85618

B-9

Fund Name and
Investment Adviser/Subadviser	Investment Objective
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. LLC
* WisdomTreeSM is a servicemark of WisdomTree
Investments
Effective July 12, 2013, this fund will change its name to
ING Global Value Advantage Portfolio, and at that time
will change its investment objective to: Seeks long-term
growth of capital and current income.

“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.

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. LLC 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. LLC 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.

ING Empire Traditions – 85618

B-10

APPENDIX C
	Fixed Interest Division

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 May 1, 2013
. 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 – 85618

C-1

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.

ING Empire Traditions – 85618

D-1

APPENDIX E
	Examples of Minimum Guaranteed Income Benefit Calculation

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

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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

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:

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.

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

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

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:

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

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:

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

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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:

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

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:

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

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:

Age	Contract Value	MGIB Rollup	MGIB Ratchet
55	$100,000	$100,000	$100,000
		$103,500 (=$50,000 * (1+7%) +
56	$107,206	$50,000 * (1+0%))	$107,206
		$107,245 (=$53,500 * (1+7%) +
57	$114,933	$50,000 * (1+ 0%))	$114,933
*	*	*	*
*	*	*	*
*	*	*	*
64	$187,079	$141,923	$187,079
		$148,358 (=$91,923 * (1+7%) +
65	$200,563	$50,000 * (1+0%))	$200,563

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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.

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).

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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%).

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%).

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F-2

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, and the Contract Value is $48,500 after the part of the gross
withdrawal that was within the Maximum Annual Withdrawal, $1,500, then the Maximum Annual Withdrawal is reduced by
4.12% ($2,000 / $48,500) to $4,794 ((1 - 4.12%) * $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.

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).

ING Empire Traditions – 85618

F-3

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

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.

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

ING Empire Traditions – 85618

H-1

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.

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.

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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.

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.

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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 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.

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.

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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.

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.

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 Global Perspectives Portfolio	ING Retirement Moderate Portfolio
ING Invesco Equity and Income Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING Liquid Assets Portfolio	Fixed Interest Allocation
ING MFS Total Return Portfolio
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 BlackRock Inflation Protected Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Bond Portfolio	ING Intermediate Bond Portfolio
ING U.S. Bond Index 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 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

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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;
	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.

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	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;
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

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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 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

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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 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

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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 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.
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.

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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 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

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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.

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 Global Perspectives Portfolio	ING Retirement Moderate Portfolio
ING Invesco Equity and Income Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING Liquid Assets Portfolio	Fixed Interest Allocation
ING MFS Total Return Portfolio
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 BlackRock Inflation Protected Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Bond Portfolio	ING Intermediate Bond Portfolio
ING U.S. Bond Index 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.

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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 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.

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.

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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);
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.

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.

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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).

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

ING Empire Traditions – 85618

I-1

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 will increase to the
maximum annual charge of 1.00%. The Reset Option can only be elected on contract anniversaries. If you elect the Reset
Option, the Step-Up benefit is not available.

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. Election of the Step-Up benefit is limited to
contract anniversaries 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.

ING Empire Traditions – 85618

I-2

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 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. If your rider was issued prior to May 1, 2005 and you elect the Step-Up Benefit, we will
increase increase the charge for the MGWB rider to the maximum annual charge of 1.00% of contract value.

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:

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).

ING Empire Traditions – 85618

I-3

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%).

ING Empire Traditions – 85618

I-4

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:

May 1, 2013

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
Condensed Financial Information (Accumulation Unit Value)	CFI-1
Financial Statements of Separate Account NY-B of ReliaStar Life Insurance Company of New York	S-1
Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York	C-1

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.

Pursuant to an agreement with the European Commission (“EC”), ING has announced its intention to
divest itself of ING U.S., Inc. and its subsidiaries, including the Company (“ING U.S.”), which
constitutes ING’s U.S.-based retirement, investment management and insurance operations. Under the
agreement with the EC, ING is required to divest itself of at least 25% of ING U.S. by the end of 2013,
more than 50% by the end of 2014 and 100% by the end of 2016. While all options for effecting the
separation from ING remain open, ING has announced that the base case for this separation includes an
initial public offering (“IPO”) of ING U.S., and in connection with the proposed IPO of its common stock
ING U.S. filed a registration statement on Form S-1 with the SEC in November 2012, which was
amended in January, March and April 2013. While the base case for the separation is an IPO, all options
remain open and it is possible that ING’s divestment of ING U.S. may take place by means of a sale to a
single buyer or group of buyers.

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.

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,

1

RLNY will be obligated to reimburse these expenses. For the years ended December 31, 2012, 2011 and
2010, 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
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, 2012, 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, 2012, 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 the Company as of December 31, 2012 and
2011, and for each of the three years in the period ended December 31, 2012, 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 2012, 2011 and 2010 commissions paid by ING USA,
including amounts paid by its affiliated Company, ReliaStar Life Insurance Company of New York, to
Directed Services LLC aggregated $3,292,474, $3,351,615 and $3,678,585, 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 and below. 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

2

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.

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 ING Liquid Assets Portfolio 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 ING Liquid Assets Portfolio 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 ING Liquid Assets Portfolio 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

CONDENSED FINANCIAL INFORMATION

Except for subaccounts which did not commence operations as of December 31, 2012, 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 New York Separate Account NY-B available under the Contract for the indicated periods. Fund name changes 

after December 31, 2012 are not reflected in the following information. 

Separate Account Annual Charges of 1.05%

	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during April 2006)
Value at beginning of period	$13.26	$14.27	$11.40	$9.22	$12.97	$13.46	$12.99
Value at end of period	$14.59	$13.26	$14.27	$11.40	$9.22	$12.97	$13.46
Number of accumulation units outstanding at end of period	0	0	0	0	0	222	222
FIDELITY® VIP CONTRAFUND® PORTFOLIO
Value at beginning of period	$15.71	$16.33	$14.12	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03	$10.00
Value at end of period	$18.05	$15.71	$16.33	$14.12	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03
Number of accumulation units outstanding at end of period	3,555	3,667	6,508	9,160	11,829	13,703	14,467	10,615	10,696	5,194
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
Value at beginning of period	$11.41	$11.46	$10.08	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13	$10.00
Value at end of period	$13.22	$11.41	$11.46	$10.08	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13
Number of accumulation units outstanding at end of period	3,751	4,034	5,630	5,911	6,136	6,243	12,728	12,851	13,601	5,826
ING AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME
PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$9.70
Value at end of period	$10.12
Number of accumulation units outstanding at end of period	387
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.21	$19.14	$18.13	$12.87	$22.61	$19.14	$16.34	$13.66	$11.76
Value at end of period	$18.81	$16.21	$19.14	$18.13	$12.87	$22.61	$19.14	$16.34	$13.66
Number of accumulation units outstanding at end of period	0	0	435	586	671	699	723	844	983
ING BALANCED PORTFOLIO
Value at beginning of period	$10.03	$10.29	$9.14	$7.77	$10.95	$10.51
Value at end of period	$11.26	$10.03	$10.29	$9.14	$7.77	$10.95
Number of accumulation units outstanding at end of period	0	907	907	920	836	4,368
ING BARON GROWTH PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$13.01	$12.86	$10.27	$7.68	$13.21	$12.58	$11.03	$11.00
Value at end of period	$15.40	$13.01	$12.86	$10.27	$7.68	$13.21	$12.58	$11.03
Number of accumulation units outstanding at end of period	257	0	71	259	381	406	430	455
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.08	$11.66	$11.01	$9.27	$13.13	$12.23	$10.85	$9.93	$8.61
Value at end of period	$14.20	$12.08	$11.66	$11.01	$9.27	$13.13	$12.23	$10.85	$9.93
Number of accumulation units outstanding at end of period	2,774	3,577	3,575	3,539	3,475	3,615	3,642	6,400	880
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$12.28	$12.01
Value at end of period	$12.92	$12.28
Number of accumulation units outstanding at end of period	1,064	589
Empire Traditions		CFI 1

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.09	$11.38	$10.14	$7.87	$13.06	$12.36	$11.66	$10.92
Value at end of period	$12.56	$11.09	$11.38	$10.14	$7.87	$13.06	$12.36	$11.66
Number of accumulation units outstanding at end of period	1,732	1,881	1,883	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	$10.18	$11.51	$9.84	$9.31
Value at end of period	$10.84	$10.18	$11.51	$9.84
Number of accumulation units outstanding at end of period	0	0	94	95
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$20.04	$18.50	$14.61	$10.86	$17.86	$21.94	$16.11	$13.55
Value at end of period	$22.91	$20.04	$18.50	$14.61	$10.86	$17.86	$21.94	$16.11
Number of accumulation units outstanding at end of period	247	247	299	438	529	613	668	583
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$9.87	$10.25	$8.27	$6.24
Value at end of period	$11.15	$9.87	$10.25	$8.27
Number of accumulation units outstanding at end of period	0	0	0	320
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.54	$11.37	$10.17	$9.27	$11.12	$10.95	$10.94
Value at end of period	$12.85	$11.54	$11.37	$10.17	$7.79	$11.12	$10.95
Number of accumulation units outstanding at end of period	0	0	381	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	$9.95	$10.14	$9.18	$7.34	$11.92	$11.71
Value at end of period	$11.18	$9.95	$10.14	$9.18	$7.34	$11.92
Number of accumulation units outstanding at end of period	637	704	778	861	2,264	2,470
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during April 2006)
Value at beginning of period	$18.27	$20.32	$16.88	$12.41	$21.25	$16.12	$16.27
Value at end of period	$17.56	$18.27	$20.32	$16.88	$12.41	$21.25	$16.12
Number of accumulation units outstanding at end of period	1,005	1,190	1,380	1,529	1,531	243	177
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.60	$9.99
Value at end of period	$10.94	$9.60
Number of accumulation units outstanding at end of period	3,479	5,958
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.74	$8.88	$7.88	$7.16
Value at end of period	$9.99	$8.74	$8.88	$7.88
Number of accumulation units outstanding at end of period	874	4,593	3,140	3,183
ING INDEX PLUS LARGECAP PORTFOLIO
Value at beginning of period	$10.08	$10.22	$9.09	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06	$10.00
Value at end of period	$11.38	$10.08	$10.22	$9.09	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06
Number of accumulation units outstanding at end of period	4,450	4,981	7,767	8,407	9,181	13,755	14,665	15,902	17,336	2,261
ING INDEX PLUS MIDCAP PORTFOLIO
Value at beginning of period	$15.02	$15.39	$12.79	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24	$10.00
Value at end of period	$17.44	$15.02	$15.39	$12.79	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24
Number of accumulation units outstanding at end of period	942	1,385	1,445	1,950	3,194	4,643	4,910	5,208	5,699	2,393
Empire Traditions		CFI 2

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING INDEX PLUS SMALLCAP PORTFOLIO
Value at beginning of period	$14.87	$15.17	$12.52	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64	$10.00
Value at end of period	$16.50	$14.87	$15.17	$12.52	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64
Number of accumulation units outstanding at end of period	217	217	218	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	$12.45	$11.73	$10.82	$10.75	$10.87	$10.40	$10.00
Value at end of period	$13.44	$12.45	$11.73	$10.82	$9.83	$10.87	$10.40
Number of accumulation units outstanding at end of period	468	0	732	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	$7.08	$8.17	$7.67	$7.07
Value at end of period	$8.30	$7.08	$8.17	$7.67
Number of accumulation units outstanding at end of period	0	0	0	1,250
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
Value at beginning of period	$12.35	$12.75	$11.19	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67	$10.00
Value at end of period	$14.50	$12.35	$12.75	$11.19	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67
Number of accumulation units outstanding at end of period	2,742	5,391	6,196	7,165	6,489	6,843	6,890	7,029	6,994	5,965
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$11.51	$11.88	$10.68	$8.81
Value at end of period	$13.04	$11.51	$11.88	$10.68
Number of accumulation units outstanding at end of period	0	0	1,499	567
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$19.97	$24.69	$20.74	$12.22	$25.34	$18.49	$16.05
Value at end of period	$23.53	$19.97	$24.69	$20.74	$12.22	$25.34	$18.49
Number of accumulation units outstanding at end of period	451	499	552	610	1,606	1,896	2,026
ING JPMORGAN MID CAP VALUE PORTFOLIO
Value at beginning of period	$17.85	$17.71	$14.56	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82	$10.00
Value at end of period	$21.19	$17.85	$17.71	$14.56	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82
Number of accumulation units outstanding at end of period	467	1,730	1,731	1,823	1,121	1,834	1,980	2,059	1,643	1,642
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
Value at beginning of period	$16.02	$16.41	$13.09	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44	$10.00
Value at end of period	$18.82	$16.02	$16.41	$13.09	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44
Number of accumulation units outstanding at end of period	932	739	750	793	960	1,170	2,451	2,307	1,799	185
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.86
Value at end of period	$10.34
Number of accumulation units outstanding at end of period	5,525
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$14.43	$14.26	$12.61	$8.95	$12.48	$11.30	$10.82	$10.54
Value at end of period	$16.82	$14.43	$14.26	$12.61	$8.95	$12.48	$11.30	$10.82
Number of accumulation units outstanding at end of period	1,592	1,592	1,063	1,063	1,063	1,063	1,063	1,062
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$11.04
Value at end of period	$11.41
Number of accumulation units outstanding at end of period	680

Empire Traditions

CFI 3

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING LIQUID ASSETS PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$17.84	$18.03	$18.22	$18.35	$18.10	$17.43	$16.99
Value at end of period	$17.66	$17.84	$18.03	$18.22	$18.35	$18.10	$17.43
Number of accumulation units outstanding at end of period	35,733	44,953	58,410	73,578	58,287	717	102
ING MFS TOTAL RETURN PORTFOLIO
Value at beginning of period	$28.59	$28.44	$26.16	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87	$10.00
Value at end of period	$31.45	$28.59	$28.44	$26.16	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87
Number of accumulation units outstanding at end of period	1,899	2,572	4,008	4,086	3,722	5,912	5,626	5,933	5,121	1,397
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during November 2012)
Value at beginning of period	$17.17
Value at end of period	$17.48
Number of accumulation units outstanding at end of period	219
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.62	$13.88	$12.08	$8.75	$14.82	$14.05	$12.03	$10.06
Value at end of period	$15.19	$12.62	$13.88	$12.08	$8.75	$14.82	$14.05	$12.03
Number of accumulation units outstanding at end of period	1,911	1,976	2,048	2,192	3,548	3,746	3,925	4,136
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
Value at beginning of period	$14.32	$15.80	$13.79	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87	$10.00
Value at end of period	$17.19	$14.32	$15.80	$13.79	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87
Number of accumulation units outstanding at end of period	104	104	104	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	$16.26	$15.74	$13.92	$9.42	$12.29	$12.07	$11.20	$10.85	$10.00
Value at end of period	$18.35	$16.26	$15.74	$13.92	$9.42	$12.29	$12.07	$11.20	$10.85
Number of accumulation units outstanding at end of period	2,102	2,073	2,073	2,074	2,074	5,386	6,722	6,615	6,112
ING PIMCO TOTAL RETURN BOND PORTFOLIO
Value at beginning of period	$20.23	$19.76	$18.54	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56	$10.00
Value at end of period	$21.77	$20.23	$19.76	$18.54	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56
Number of accumulation units outstanding at end of period	3,151	3,134	9,120	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	$10.12	$10.36	$9.38	$9.22
Value at end of period	$11.32	$10.12	$10.36	$9.38
Number of accumulation units outstanding at end of period	0	0	1,020	1,021
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.48	$10.59	$9.64	$9.50
Value at end of period	$11.58	$10.48	$10.59	$9.64
Number of accumulation units outstanding at end of period	13,924	15,917	22,867	23,734
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.81	$10.70	$9.87	$9.75
Value at end of period	$11.79	$10.81	$10.70	$9.87
Number of accumulation units outstanding at end of period	0	0	13,962	2,277
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.56	$14.16	$12.72	$10.85
Value at end of period	$16.46	$14.56	$14.16	$12.72
Number of accumulation units outstanding at end of period	557	1,129	2,735	3,157

Empire Traditions

CFI 4

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$9.21	$9.11	$8.22	$6.99
Value at end of period	$10.50	$9.21	$9.11	$8.22
Number of accumulation units outstanding at end of period	2,375	1,637	1,637	1,637
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.73	$13.79	$12.54	$10.65
Value at end of period	$15.75	$13.73	$13.79	$12.54
Number of accumulation units outstanding at end of period	204	205	261	965
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.18	$10.50	$8.50	$8.32
Value at end of period	$11.75	$10.18	$10.50	$8.50
Number of accumulation units outstanding at end of period	336	0	79	80
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.34	$10.90	$8.74	$6.99	$10.06
Value at end of period	$11.85	$10.34	$10.90	$8.74	$6.99
Number of accumulation units outstanding at end of period	2,368	2,898	3,530	3,530	3,531
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.04	$13.79	$12.22	$9.27	$12.92	$12.51	$11.03	$10.79
Value at end of period	$15.90	$14.04	$13.79	$12.22	$9.27	$12.92	$12.51	$11.03
Number of accumulation units outstanding at end of period	1,006	1,045	1,355	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	$12.16	$12.40	$10.91	$8.82	$13.86	$13.59	$11.53	$11.02
Value at end of period	$14.11	$12.16	$12.40	$10.91	$8.82	$13.86	$13.59	$11.53
Number of accumulation units outstanding at end of period	0	0	0	0	0	486	486	540
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.11	$13.96	$12.40	$9.10	$18.22	$15.27	$12.45	$11.23
Value at end of period	$14.23	$12.11	$13.96	$12.40	$9.10	$18.22	$15.27	$12.45
Number of accumulation units outstanding at end of period	339	1,008	1,009	1,019	1,219	1,819	2,008	1,435
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.15	$10.53	$9.80	$7.51	$12.78	$11.21	$9.79
Value at end of period	$10.74	$9.15	$10.53	$9.80	$7.51	$12.78	$11.21
Number of accumulation units outstanding at end of period	0	0	821	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	$11.85	$11.19	$10.68	$10.23	$10.00
Value at end of period	$12.14	$11.85	$11.19	$10.68	$10.23
Number of accumulation units outstanding at end of period	278	601	601	663	62
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.35	$11.79	$10.55	$8.10	$13.65	$13.66	$12.08	$11.17
Value at end of period	$12.71	$11.35	$11.79	$10.55	$8.10	$13.65	$13.66	$12.08
Number of accumulation units outstanding at end of period	598	598	598	598	598	598	598	598
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$3.18	$5.14	$6.19	$4.73	$7.70	$8.21	$7.54	$8.27	$8.75
Value at end of period	$2.93	$3.18	$5.14	$6.19	$4.73	$7.70	$8.21	$7.54	$8.27
Number of accumulation units outstanding at end of period	0	908	908	679	687	3,057	3,231	528	528
Empire Traditions		CFI 5

Condensed Financial Information (continued)
Separate Account Annual Charges of 1.25%
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.86	$10.36	$9.55	$8.00	$10.15
Value at end of period	$10.70	$9.86	$10.36	$9.55	$8.00
Number of accumulation units outstanding at end of period	356,802	413,300	406,977	364,799	131,313
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during May 2005)
Value at beginning of period	$13.08	$14.11	$11.30	$9.15	$12.90	$13.41	$11.38	$10.43
Value at end of period	$14.37	$13.08	$14.11	$11.30	$9.15	$12.90	$13.41	$11.38
Number of accumulation units outstanding at end of period	15,442	15,904	18,205	19,452	19,699	22,502	22,535	14,990
FIDELITY® VIP CONTRAFUND® PORTFOLIO
Value at beginning of period	$15.38	$16.02	$13.88	$10.37	$18.33	$15.82	$14.38	$12.48	$10.98	$10.00
Value at end of period	$17.64	$15.38	$16.02	$13.88	$10.37	$18.33	$15.82	$14.38	$12.48	$10.98
Number of accumulation units outstanding at end of period	345,548	375,382	404,824	421,991	452,705	336,347	249,402	90,276	17,580	4,395
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
Value at beginning of period	$11.17	$11.24	$9.90	$7.72	$13.67	$13.67	$11.55	$11.07	$10.08	$10.00
Value at end of period	$12.91	$11.17	$11.24	$9.90	$7.72	$13.67	$13.67	$11.55	$11.07	$10.08
Number of accumulation units outstanding at end of period	79,740	92,059	93,848	97,079	105,147	102,129	64,510	33,603	16,686	3,715
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.66	$9.69	$8.77	$7.20	$10.06
Value at end of period	$11.02	$9.66	$9.69	$8.77	$7.20
Number of accumulation units outstanding at end of period	256,972	286,874	266,245	274,315	11,165
ING AMERICAN FUNDS GLOBAL GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during February 2011)
Value at beginning of period	$9.34	$10.16
Value at end of period	$10.77	$9.34
Number of accumulation units outstanding at end of period	0	20
ING AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME
PORTFOLIO
(Funds were first received in this option during April 2011)
Value at beginning of period	$8.83	$10.05
Value at end of period	$10.08	$8.83
Number of accumulation units outstanding at end of period	7,014	1,814
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
Value at beginning of period	$15.94	$18.86	$17.90	$12.73	$22.41	$19.01	$16.26	$13.62	$11.62	$10.00
Value at end of period	$18.46	$15.94	$18.86	$17.90	$12.73	$22.41	$19.01	$16.26	$13.62	$11.62
Number of accumulation units outstanding at end of period	273,174	296,103	301,537	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	$14.54	$15.64	$14.06	$9.19
Value at end of period	$16.23	$14.54	$15.64	$14.06
Number of accumulation units outstanding at end of period	30,662	37,384	27,736	26,297
ING BALANCED PORTFOLIO
(Funds were first received in this option during July 2010)
Value at beginning of period	$9.91	$10.20	$9.45
Value at end of period	$11.11	$9.91	$10.20
Number of accumulation units outstanding at end of period	4,110	4,094	1,559

Empire Traditions

CFI 6

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING BARON GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.83	$12.71	$10.18	$7.62	$13.14	$12.54	$11.02	$10.32
Value at end of period	$15.16	$12.83	$12.71	$10.18	$7.62	$13.14	$12.54	$11.02
Number of accumulation units outstanding at end of period	303,943	302,171	309,094	299,657	242,331	185,077	122,778	22,953
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.90	$11.50	$10.89	$9.18	$13.04	$12.16	$10.81	$9.92	$9.10
Value at end of period	$13.95	$11.90	$11.50	$10.89	$9.18	$13.04	$12.16	$10.81	$9.92
Number of accumulation units outstanding at end of period	116,769	121,999	126,568	121,233	154,642	149,840	140,305	58,095	1,602
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$12.21	$11.04	$10.60	$10.08
Value at end of period	$12.83	$12.21	$11.04	$10.60
Number of accumulation units outstanding at end of period	275,741	195,757	153,216	122,797
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.94	$11.25	$10.05	$7.81	$12.99	$12.32	$11.65	$10.91
Value at end of period	$12.36	$10.94	$11.25	$10.05	$7.81	$12.99	$12.32	$11.65
Number of accumulation units outstanding at end of period	116,805	115,698	110,696	107,683	88,482	30,020	10,061	1,111
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$10.11	$11.45	$9.81	$6.51	$9.99
Value at end of period	$10.74	$10.11	$11.45	$9.81	$6.51
Number of accumulation units outstanding at end of period	106,152	110,871	131,508	85,756	49,136
ING BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.73	$10.28	$9.81	$8.86	$10.02
Value at end of period	$11.28	$10.73	$10.28	$9.81	$8.86
Number of accumulation units outstanding at end of period	300,853	241,679	246,190	233,159	346,094
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$10.22	$10.93	$9.54	$7.24	$12.48	$13.64	$10.33
Value at end of period	$12.68	$10.22	$10.93	$9.54	$7.24	$12.48	$13.64
Number of accumulation units outstanding at end of period	65,172	77,791	86,554	108,722	88,338	52,029	13,686
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.73	$18.25	$14.44	$10.76	$17.72	$21.82	$16.05	$13.92	$11.73
Value at end of period	$22.52	$19.73	$18.25	$14.44	$10.76	$17.72	$21.82	$16.05	$13.92
Number of accumulation units outstanding at end of period	89,124	98,709	107,878	114,888	120,927	130,135	46,576	29,167	7,477
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.75	$10.15	$8.20	$6.66	$10.23	$10.06	$10.22
Value at end of period	$11.00	$9.75	$10.15	$8.20	$6.66	$10.23	$10.06
Number of accumulation units outstanding at end of period	80,190	88,822	94,736	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	$9.31	$9.90	$8.94	$6.88	$11.46	$11.15	$10.16
Value at end of period	$10.33	$9.31	$9.90	$8.94	$6.88	$11.46	$11.15
Number of accumulation units outstanding at end of period	153,578	205,389	220,935	250,804	198,967	122,556	39,777

Empire Traditions

CFI 7

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during December 2007)
Value at beginning of period	$7.44	$8.29	$6.73	$5.59	$9.95	$9.70
Value at end of period	$8.67	$7.44	$8.29	$6.73	$5.59	$9.95
Number of accumulation units outstanding at end of period	27,455	36,772	38,769	13,817	21,430	7,217
ING EURO STOXX 50® INDEX PORTFOLIO
(Funds were first received in this option during November 2009)
Value at beginning of period	$7.19	$8.81	$9.81	$9.76
Value at end of period	$8.66	$7.19	$8.81	$9.81
Number of accumulation units outstanding at end of period	5,792	2,678	1,457	56
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.84	$15.74	$12.41	$9.03	$15.03	$13.29	$12.03	$10.25
Value at end of period	$15.66	$13.84	$15.74	$12.41	$9.03	$15.03	$13.29	$12.03
Number of accumulation units outstanding at end of period	123,766	135,617	145,384	143,814	131,940	86,660	45,962	23,794
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$11.40	$11.26	$10.10	$7.74	$11.09	$10.94	$10.01
Value at end of period	$12.68	$11.40	$11.26	$10.10	$7.74	$11.09	$10.94
Number of accumulation units outstanding at end of period	276,804	329,758	312,960	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	$9.86	$10.06	$9.14	$7.31	$11.90	$12.54
Value at end of period	$11.06	$9.86	$10.06	$9.14	$7.31	$11.90
Number of accumulation units outstanding at end of period	139,834	168,227	187,469	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	$8.38	$8.60	$7.86	$6.11	$9.62	$10.19
Value at end of period	$9.59	$8.38	$8.60	$7.86	$6.11	$9.62
Number of accumulation units outstanding at end of period	166,866	189,719	194,923	196,242	193,793	63,615
ING FTSE 100 INDEX® PORTFOLIO
(Funds were first received in this option during September 2012)
Value at beginning of period	$11.42
Value at end of period	$11.89
Number of accumulation units outstanding at end of period	32
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$8.87	$10.03
Value at end of period	$8.48	$8.87
Number of accumulation units outstanding at end of period	43,094	33,297
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$18.02	$20.09	$16.72	$12.31	$21.14	$16.06	$13.40	$9.68
Value at end of period	$17.29	$18.02	$20.09	$16.72	$12.31	$21.14	$16.06	$13.40
Number of accumulation units outstanding at end of period	124,845	134,219	158,216	174,275	142,019	78,152	54,746	24,945
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.58	$9.99
Value at end of period	$10.90	$9.58
Number of accumulation units outstanding at end of period	629,391	687,241
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during April 2008)
Value at beginning of period	$8.67	$8.82	$7.85	$6.11	$9.39
Value at end of period	$9.89	$8.67	$8.82	$7.85	$6.11
Number of accumulation units outstanding at end of period	350,349	396,169	151,790	153,189	23,803
Empire Traditions		CFI 8

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$11.10	$13.78	$12.98	$9.99
Value at end of period	$14.07	$11.10	$13.78	$12.98
Number of accumulation units outstanding at end of period	20,858	27,660	43,038	23,083
ING INDEX PLUS LARGECAP PORTFOLIO
Value at beginning of period	$9.87	$10.02	$8.93	$7.35	$11.90	$11.50	$10.19	$9.81	$9.01	$10.00
Value at end of period	$11.12	$9.87	$10.02	$8.93	$7.35	$11.90	$11.50	$10.19	$9.81	$9.01
Number of accumulation units outstanding at end of period	53,745	68,272	69,462	68,833	69,344	128,669	62,669	29,599	15,049	491
ING INDEX PLUS MIDCAP PORTFOLIO
Value at beginning of period	$14.70	$15.10	$12.58	$9.69	$15.75	$15.16	$14.06	$12.85	$11.18	$10.00
Value at end of period	$17.04	$14.70	$15.10	$12.58	$9.69	$15.75	$15.16	$14.06	$12.85	$11.18
Number of accumulation units outstanding at end of period	71,868	85,499	87,678	95,086	99,125	100,531	64,209	43,839	9,843	4,155
ING INDEX PLUS SMALLCAP PORTFOLIO
Value at beginning of period	$14.56	$14.88	$12.31	$10.01	$15.28	$16.55	$14.77	$13.93	$11.58	$10.00
Value at end of period	$16.12	$14.56	$14.88	$12.31	$10.01	$15.28	$16.55	$14.77	$13.93	$11.58
Number of accumulation units outstanding at end of period	46,930	57,173	53,540	57,348	58,407	61,324	38,457	37,399	10,443	2,811
ING INTERMEDIATE BOND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.29	$11.59	$10.72	$9.76	$10.81	$10.36	$10.11	$10.06
Value at end of period	$13.23	$12.29	$11.59	$10.72	$9.76	$10.81	$10.36	$10.11
Number of accumulation units outstanding at end of period	280,035	262,174	292,467	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	$7.02	$8.12	$7.64	$6.07	$9.32
Value at end of period	$8.22	$7.02	$8.12	$7.64	$6.07
Number of accumulation units outstanding at end of period	233,268	237,954	235,674	237,199	73,108
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.11	$12.52	$11.02	$8.68	$13.84	$14.34	$12.53	$12.26	$10.92
Value at end of period	$14.19	$12.11	$12.52	$11.02	$8.68	$13.84	$14.34	$12.53	$12.26
Number of accumulation units outstanding at end of period	37,655	57,622	59,231	72,267	74,744	83,594	60,885	49,014	2,107
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.10	$12.42	$11.23	$9.29	$12.31	$12.07	$10.87	$10.34
Value at end of period	$13.45	$12.10	$12.42	$11.23	$9.29	$12.31	$12.07	$10.87
Number of accumulation units outstanding at end of period	29,551	37,569	50,494	38,727	36,970	25,986	12,238	11,146
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.35	$11.75	$10.58	$8.64	$12.91	$12.74	$11.13	$10.37
Value at end of period	$12.84	$11.35	$11.75	$10.58	$8.64	$12.91	$12.74	$11.13
Number of accumulation units outstanding at end of period	54,866	61,424	61,942	64,673	48,457	39,535	27,817	17,656
ING JAPAN TOPIX INDEX® PORTFOLIO
(Funds were first received in this option during February 2010)
Value at beginning of period	$9.43	$11.07	$10.04
Value at end of period	$10.02	$9.43	$11.07
Number of accumulation units outstanding at end of period	6,978	9,967	1,226
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$19.70	$24.41	$20.54	$12.13	$25.20	$18.43	$13.74	$10.86
Value at end of period	$23.17	$19.70	$24.41	$20.54	$12.13	$25.20	$18.43	$13.74
Number of accumulation units outstanding at end of period	229,393	239,586	242,775	256,131	234,750	167,219	78,420	23,627

Empire Traditions

CFI 9

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING JPMORGAN MID CAP VALUE PORTFOLIO
Value at beginning of period	$17.50	$17.41	$14.33	$11.55	$17.47	$17.29	$15.02	$14.02	$11.78	$10.00
Value at end of period	$20.74	$17.50	$17.41	$14.33	$11.55	$17.47	$17.29	$15.02	$14.02	$11.78
Number of accumulation units outstanding at end of period	56,548	63,558	59,929	53,374	39,177	12,624	19,297	20,685	8,711	205
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
Value at beginning of period	$15.71	$16.13	$12.89	$10.25	$14.82	$15.26	$13.25	$12.94	$10.41	$10.00
Value at end of period	$18.42	$15.71	$16.13	$12.89	$10.25	$14.82	$15.26	$13.25	$12.94	$10.41
Number of accumulation units outstanding at end of period	85,731	84,394	72,542	76,273	85,644	133,155	96,791	47,104	3,327	361
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during May 2012)
Value at beginning of period	$9.78
Value at end of period	$10.33
Number of accumulation units outstanding at end of period	1,106,841
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$14.20	$14.07	$12.47	$8.86	$12.39	$11.24	$10.78	$10.02
Value at end of period	$16.52	$14.20	$14.07	$12.47	$8.86	$12.39	$11.24	$10.78
Number of accumulation units outstanding at end of period	47,639	48,707	36,859	37,460	7,131	6,592	1,027	1,028
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during January 2011)
Value at beginning of period	$10.07	$10.05
Value at end of period	$11.37	$10.07
Number of accumulation units outstanding at end of period	8,818	6,064
ING LIQUID ASSETS PORTFOLIO
Value at beginning of period	$17.06	$17.26	$17.48	$17.65	$17.45	$16.83	$16.29	$16.09	$16.10	$16.18
Value at end of period	$16.84	$17.06	$17.26	$17.48	$17.65	$17.45	$16.83	$16.29	$16.04	$16.10
Number of accumulation units outstanding at end of period	318,999	362,384	339,889	295,619	320,053	149,052	72,810	22,134	13,566	7,332
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.17	$12.53	$10.59	$8.31	$14.10	$12.51	$12.07	$11.22	$10.11
Value at end of period	$13.52	$12.17	$12.53	$10.59	$8.31	$14.10	$12.51	$12.07	$11.22
Number of accumulation units outstanding at end of period	72,106	80,617	98,597	96,990	123,543	93,928	70,893	48,767	29,775
ING MFS TOTAL RETURN PORTFOLIO
Value at beginning of period	$27.61	$27.52	$25.37	$21.79	$28.42	$27.67	$25.03	$24.63	$22.45	$10.00
Value at end of period	$30.31	$27.61	$27.52	$25.37	$21.79	$28.42	$27.67	$25.03	$24.63	$22.45
Number of accumulation units outstanding at end of period	76,033	93,134	101,533	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	$17.64	$16.79	$14.95	$11.40	$18.54	$14.74	$11.41	$10.35
Value at end of period	$19.73	$17.64	$16.79	$14.95	$11.40	$18.54	$14.74	$11.41
Number of accumulation units outstanding at end of period	161,517	186,926	187,892	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	$11.35	$11.59	$9.03	$6.48	$10.06
Value at end of period	$12.77	$11.35	$11.59	$9.03	$6.48
Number of accumulation units outstanding at end of period	124,695	107,135	72,809	57,257	78,699
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$15.05	$13.97	$12.43	$9.76	$13.84	$12.77	$10.66	$10.06
Value at end of period	$17.21	$15.05	$13.97	$12.43	$9.76	$13.84	$12.77	$10.66
Number of accumulation units outstanding at end of period	124,194	124,623	82,166	52,710	30,191	101,207	34,845	862

Empire Traditions

CFI 10

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO
(Funds were first received in this option during January 2010)
Value at beginning of period	$14.26	$15.11	$13.67
Value at end of period	$15.89	$14.26	$15.11
Number of accumulation units outstanding at end of period	6,212	5,105	1,881
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.45	$13.72	$11.97	$8.68	$14.73	$14.00	$12.02	$10.06
Value at end of period	$14.96	$12.45	$13.72	$11.97	$8.68	$14.73	$14.00	$12.02
Number of accumulation units outstanding at end of period	1,668	1,311	1,835	1,864	1,960	2,112	2,166	2,287
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$14.04	$15.52	$13.57	$9.86	$16.78	$15.98	$13.76	$12.30	$11.14
Value at end of period	$16.83	$14.04	$15.52	$13.57	$9.86	$16.78	$15.98	$13.76	$12.30
Number of accumulation units outstanding at end of period	126,653	140,331	133,273	148,540	160,981	156,178	96,821	24,471	4
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.01	$15.53	$13.76	$9.33	$12.20	$12.01	$11.16	$10.83	$10.00
Value at end of period	$18.03	$16.01	$15.53	$13.76	$9.33	$12.20	$12.01	$11.16	$10.83
Number of accumulation units outstanding at end of period	193,815	146,161	113,213	92,830	100,970	106,687	54,172	34,470	8,911
ING PIMCO TOTAL RETURN BOND PORTFOLIO
Value at beginning of period	$19.54	$19.12	$17.98	$15.91	$15.46	$14.37	$13.95	$13.78	$13.31	$10.00
Value at end of period	$20.99	$19.54	$19.12	$17.98	$15.91	$15.46	$14.37	$13.95	$13.78	$13.31
Number of accumulation units outstanding at end of period	636,268	672,833	663,012	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	$11.21	$11.89	$10.39	$8.48	$13.15	$12.67	$10.99	$10.44
Value at end of period	$12.20	$11.21	$11.89	$10.39	$8.48	$13.15	$12.67	$10.99
Number of accumulation units outstanding at end of period	3,924	4,837	3,332	2,806	3,793	3,666	1,462	2,028
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.25	$11.99	$10.29	$8.33	$12.61	$12.10	$10.91	$10.36
Value at end of period	$12.33	$11.25	$11.99	$10.29	$8.33	$12.61	$12.10	$10.91
Number of accumulation units outstanding at end of period	132,323	159,175	173,587	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	$9.20	$8.86	$8.32	$8.25
Value at end of period	$9.81	$9.20	$8.86	$8.32
Number of accumulation units outstanding at end of period	138,772	123,749	98,625	45,871
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.08	$10.33	$9.38	$9.22
Value at end of period	$11.25	$10.08	$10.33	$9.38
Number of accumulation units outstanding at end of period	2,442,436	2,532,882	2,727,129	2,823,821
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.44	$10.56	$9.63	$9.50
Value at end of period	$11.50	$10.44	$10.56	$9.63
Number of accumulation units outstanding at end of period	1,816,746	1,927,530	2,072,258	2,183,005
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.76	$10.67	$9.86	$9.75
Value at end of period	$11.71	$10.76	$10.67	$9.86
Number of accumulation units outstanding at end of period	654,959	806,851	807,777	822,942
Empire Traditions		CFI 11

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$14.48	$14.11	$12.70	$10.25
Value at end of period	$16.34	$14.48	$14.11	$12.70
Number of accumulation units outstanding at end of period	22,027	25,294	29,563	28,779
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.14	$9.06	$8.19	$6.72	$10.05
Value at end of period	$10.40	$9.14	$9.06	$8.19	$6.72
Number of accumulation units outstanding at end of period	225,509	210,146	184,713	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	$13.65	$13.75	$12.53	$10.65
Value at end of period	$15.63	$13.65	$13.75	$12.53
Number of accumulation units outstanding at end of period	34,730	41,707	43,274	43,264
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$15.62	$16.17	$13.01	$10.34
Value at end of period	$17.81	$15.62	$16.17	$13.01
Number of accumulation units outstanding at end of period	54,231	55,469	53,584	52,320
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.10	$10.44	$8.47	$6.14	$9.85
Value at end of period	$11.64	$10.10	$10.44	$8.47	$6.14
Number of accumulation units outstanding at end of period	70,169	97,824	120,721	106,352	18,433
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.26	$10.84	$8.71	$6.98	$9.77
Value at end of period	$11.73	$10.26	$10.84	$8.71	$6.98
Number of accumulation units outstanding at end of period	68,684	69,001	66,943	56,688	18,746
ING SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$15.58	$15.69	$12.03	$9.32	$14.43	$13.31	$11.99	$10.71
Value at end of period	$17.68	$15.58	$15.69	$12.03	$9.32	$14.43	$13.31	$11.99
Number of accumulation units outstanding at end of period	7,559	7,859	7,985	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	$10.58	$11.01	$8.99	$7.16	$10.68
Value at end of period	$11.94	$10.58	$11.01	$8.99	$7.16
Number of accumulation units outstanding at end of period	24,654	27,780	29,480	23,571	4,432
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.85	$13.63	$12.10	$9.20	$12.85	$12.47	$11.01	$10.22
Value at end of period	$15.66	$13.85	$13.63	$12.10	$9.20	$12.85	$12.47	$11.01
Number of accumulation units outstanding at end of period	1,115,493	1,066,510	1,070,805	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	$11.98	$12.24	$10.78	$8.73	$13.76	$13.52	$11.49	$11.20	$9.75
Value at end of period	$13.86	$11.98	$12.24	$10.78	$8.73	$13.76	$13.52	$11.49	$11.20
Number of accumulation units outstanding at end of period	181,559	176,833	159,225	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	$9.16	$9.40	$8.16	$5.80	$10.18	$10.29
Value at end of period	$10.73	$9.16	$9.40	$8.16	$5.80	$10.18
Number of accumulation units outstanding at end of period	91,112	83,058	74,201	53,007	29,692	5,957
Empire Traditions		CFI 12

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.94	$13.80	$12.28	$9.04	$18.13	$15.22	$12.43	$10.14
Value at end of period	$14.01	$11.94	$13.80	$12.28	$9.04	$18.13	$15.22	$12.43
Number of accumulation units outstanding at end of period	92,487	117,483	114,970	141,709	173,267	58,960	33,860	25,653
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.04	$10.43	$9.73	$7.47	$12.74	$11.20	$9.81
Value at end of period	$10.59	$9.04	$10.43	$9.73	$7.47	$12.74	$11.20
Number of accumulation units outstanding at end of period	293,375	124,906	152,610	143,272	146,340	55,030	8,763
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.81	$11.61	$10.91	$8.35	$14.01	$13.86	$11.51	$10.30
Value at end of period	$12.99	$10.81	$11.61	$10.91	$8.35	$14.01	$13.86	$11.51
Number of accumulation units outstanding at end of period	121,956	125,172	138,314	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	$11.76	$11.13	$10.64	$10.21	$10.02
Value at end of period	$12.03	$11.76	$11.13	$10.64	$10.21
Number of accumulation units outstanding at end of period	101,724	90,428	71,590	66,818	23,801
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.18	$11.63	$10.43	$8.02	$13.54	$13.59	$12.04	$11.02
Value at end of period	$12.49	$11.18	$11.63	$10.43	$8.02	$13.54	$13.59	$12.04
Number of accumulation units outstanding at end of period	6,917	8,452	10,118	11,782	15,641	16,042	11,441	5,179
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$7.75	$8.16	$7.81	$6.09	$9.95
Value at end of period	$8.81	$7.75	$8.16	$7.81	$6.09
Number of accumulation units outstanding at end of period	161,861	170,265	190,223	199,497	177,688
INVESCO VAN KAMPEN V.I. AMERICAN FRANCHISE FUND
(Funds were first received in this option during April 2012)
Value at beginning of period	$10.28
Value at end of period	$9.94
Number of accumulation units outstanding at end of period	678
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$8.61	$8.72	$7.84	$6.39	$10.37	$10.15	$9.04	$8.91	$8.33
Value at end of period	$9.68	$8.61	$8.72	$7.84	$6.39	$10.37	$10.15	$9.04	$8.91
Number of accumulation units outstanding at end of period	101	416	420	416	700	1,236	964	1,602	1,119
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$8.66	$9.63	$9.50	$7.27	$13.15	$11.62	$10.02	$9.23	$9.13
Value at end of period	$9.97	$8.66	$9.63	$9.50	$7.27	$13.15	$11.62	$10.02	$9.38
Number of accumulation units outstanding at end of period	409	456	526	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	$3.13	$5.06	$6.11	$4.68	$7.64	$8.16	$7.50	$8.25	$9.05
Value at end of period	$2.87	$3.13	$5.06	$6.11	$4.68	$7.64	$8.16	$7.50	$8.25
Number of accumulation units outstanding at end of period	7,563	6,689	7,165	6,935	7,424	7,772	7,652	2,733	1,394

Empire Traditions

CFI 13

Condensed Financial Information (continued)
Separate Account Annual Charges of 1.40%
	2012	2011	2010	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	$9.80	$10.31	$9.53	$7.85
Value at end of period	$10.62	$9.80	$10.31	$9.53
Number of accumulation units outstanding at end of period	192	192	1,227	1,227
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Funds were first received in this option during May 2004)
Value at beginning of period	$15.14	$15.79	$13.70	$10.26	$18.15	$15.69	$14.28	$12.42	$11.21
Value at end of period	$17.34	$15.14	$15.79	$13.70	$10.26	$18.15	$15.69	$14.28	$12.42
Number of accumulation units outstanding at end of period	7	7	7	7	1,600	2,097	1,786	1,232	1,231
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.74	$18.65	$17.73	$12.63	$22.26	$18.91	$16.21
Value at end of period	$18.20	$15.74	$18.65	$17.73	$12.63	$22.26	$18.91
Number of accumulation units outstanding at end of period	12	12	13	13	13	19	19
ING BOND PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$10.67	$10.23	$9.78	$9.52
Value at end of period	$11.20	$10.67	$10.23	$9.78
Number of accumulation units outstanding at end of period	0	102	199	210
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during April 2007)
Value at beginning of period	$10.13	$10.85	$9.49	$7.21	$12.45	$14.43
Value at end of period	$12.55	$10.13	$10.85	$9.49	$7.21	$12.45
Number of accumulation units outstanding at end of period	59	60	61	62	63	64
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$9.23	$9.82	$8.89	$7.81
Value at end of period	$10.22	$9.23	$9.82	$8.89
Number of accumulation units outstanding at end of period	0	0	1,162	1,162
ING FRANKLIN INCOME PORTFOLIO
(Funds were first received in this option during February 2009)
Value at beginning of period	$11.31	$11.18	$10.04	$7.21
Value at end of period	$12.55	$11.31	$11.18	$10.04
Number of accumulation units outstanding at end of period	258	258	258	258
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.32	$8.55	$7.83	$7.03
Value at end of period	$9.51	$8.32	$8.55	$7.83
Number of accumulation units outstanding at end of period	0	0	1,291	1,291
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.57	$9.99
Value at end of period	$10.87	$9.57
Number of accumulation units outstanding at end of period	70	308
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during December 2011)
Value at beginning of period	$8.61	$8.51
Value at end of period	$9.81	$8.61
Number of accumulation units outstanding at end of period	34	35
Empire Traditions		CFI 14

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING INDEX PLUS LARGECAP PORTFOLIO
Value at beginning of period	$9.71	$9.88	$8.82	$7.27	$11.78	$11.40	$10.12	$9.76	$8.98
Value at end of period	$10.92	$9.71	$9.88	$8.823	$7.27	$11.78	$11.40	$10.12	$9.76
Number of accumulation units outstanding at end of period	0	0	117	118	118	400	118	119	119
ING INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$14.33	$14.67	$12.15	$9.90	$15.13	$16.41	$14.67	$13.85	$11.54
Value at end of period	$15.84	$14.33	$14.67	$12.15	$9.90	$15.13	$16.41	$14.67	$13.85
Number of accumulation units outstanding at end of period	0	0	92	92	490	567	589	93	93
ING INTERMEDIATE BOND PORTFOLIO
(Funds were first received in this option during November 2007)
Value at beginning of period	$12.16	$11.49	$10.64	$9.70	$10.77	$10.81
Value at end of period	$13.08	$12.16	$11.49	$10.64	$9.70	$10.77
Number of accumulation units outstanding at end of period	0	0	0	0	304	776
ING INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$6.98	$8.09	$7.62	$7.02
Value at end of period	$8.16	$6.98	$8.09	$7.62
Number of accumulation units outstanding at end of period	0	138	270	285
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$19.50	$24.20	$20.40	$12.06	$25.10	$18.38	$13.91
Value at end of period	$22.90	$19.50	$24.20	$20.40	$12.06	$25.10	$18.38
Number of accumulation units outstanding at end of period	13	14	14	14	986	1,889	1,029
ING JPMORGAN MID CAP VALUE PORTFOLIO
Value at beginning of period	$17.25	$17.18	$14.17	$11.44	$17.32	$17.17	$14.94	$13.97	$11.75	$10.00
Value at end of period	$20.41	$17.25	$17.18	$14.17	$11.44	$17.32	$17.17	$14.94	$13.97	$11.75
Number of accumulation units outstanding at end of period	0	0	90	90	90	90	90	91	91	91
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Funds were first received in this option during May 2004)
Value at beginning of period	$15.49	$15.92	$12.74	$10.15	$14.69	$15.16	$13.18	$12.89	$10.76
Value at end of period	$18.12	$15.49	$15.92	$12.74	$10.15	$14.69	$15.16	$13.18	$12.89
Number of accumulation units outstanding at end of period	0	0	0	0	0	1,703	2,336	1,282	1,282
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.85
Value at end of period	$10.32
Number of accumulation units outstanding at end of period	89
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Funds were first received in this option during January 2010)
Value at beginning of period	$14.04	$13.93	$12.54
Value at end of period	$16.31	$14.04	$13.93
Number of accumulation units outstanding at end of period	12	12	12
ING LIQUID ASSETS PORTFOLIO
(Funds were first received in this option during November 2007)
Value at beginning of period	$16.47	$16.70	$16.94	$17.12	$16.95	$16.88
Value at end of period	$16.24	$16.47	$16.70	$16.94	$17.12	$16.95
Number of accumulation units outstanding at end of period	5,914	11,102	12,326	16,817	20,124	393
ING MFS TOTAL RETURN PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$26.90	$26.85	$24.79	$23.32
Value at end of period	$29.48	$26.90	$26.85	$24.79
Number of accumulation units outstanding at end of period	0	92	181	191
Empire Traditions		CFI 15

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
ING MFS UTILITIES PORTFOLIO
(Funds were first received in this option during November 2007)
Value at beginning of period	$17.46	$16.64	$14.85	$11.34	$18.46	$18.38
Value at end of period	$19.50	$17.46	$16.64	$14.85	$11.34	$18.46
Number of accumulation units outstanding at end of period	0	0	0	0	11	11
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$14.90	$13.85	$12.34	$9.31
Value at end of period	$17.01	$14.90	$13.85	$12.34
Number of accumulation units outstanding at end of period	81	81	81	81
ING PIMCO TOTAL RETURN BOND PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$19.04	$18.66	$17.57	$15.57	$15.54
Value at end of period	$20.41	$19.04	$18.66	$17.57	$15.57
Number of accumulation units outstanding at end of period	398	398	399	399	3,439
ING PIONEER MID CAP VALUE PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$11.13	$11.88	$10.22	$8.13
Value at end of period	$12.19	$11.13	$11.88	$10.22
Number of accumulation units outstanding at end of period	62	62	62	62
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$10.04	$10.40	$8.45	$6.32
Value at end of period	$11.56	$10.04	$10.40	$8.45
Number of accumulation units outstanding at end of period	79	79	79	79
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$13.71	$13.51	$12.02	$9.55
Value at end of period	$15.47	$13.71	$13.51	$12.02
Number of accumulation units outstanding at end of period	210	210	1,038	1,039
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$11.84	$12.11	$10.69	$8.24
Value at end of period	$13.68	$11.84	$12.11	$10.69
Number of accumulation units outstanding at end of period	61	61	61	61
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$11.82	$13.68	$12.19	$8.99	$18.05	$15.18	$12.42	$11.22
Value at end of period	$13.84	$11.82	$13.68	$12.19	$8.99	$18.05	$15.18	$12.42
Number of accumulation units outstanding at end of period	0	0	230	231	231	2,188	2,925	1,697
ING U.S. BOND INDEX PORTFOLIO
(Funds were first received in this option during April 2009)
Value at beginning of period	$11.69	$11.08	$10.62	$10.22
Value at end of period	$11.94	$11.69	$11.08	$10.62
Number of accumulation units outstanding at end of period	613	614	615	615
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$7.70	$8.13	$7.79	$6.08	$10.06
Value at end of period	$8.74	$7.70	$8.13	$7.79	$6.08
Number of accumulation units outstanding at end of period	0	0	0	0	84

Empire Traditions

CFI 16

	Condensed Financial Information (continued)
	Separate Account Annual Charges of 1.45%
	2012	2011	2010	2009	2008	2007	2006	2005	2004
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.78	$10.30	$9.52	$7.99	$10.16
Value at end of period	$10.60	$9.78	$10.30	$9.52	$7.99
Number of accumulation units outstanding at end of period	211,051	216,872	215,309	185,825	101,667
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during May 2005)
Value at beginning of period	$12.90	$13.95	$11.19	$9.08	$12.83	$13.36	$11.36	$10.73
Value at end of period	$14.14	$12.90	$13.95	$11.19	$9.08	$12.83	$13.36	$11.36
Number of accumulation units outstanding at end of period	24,375	21,930	22,374	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	$13.72	$14.32	$12.43	$9.31	$16.49	$14.26	$12.99	$11.30	$11.14
Value at end of period	$15.71	$13.72	$14.32	$12.43	$9.31	$16.49	$14.26	$12.99	$11.30
Number of accumulation units outstanding at end of period	365,744	384,317	401,627	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	$10.85	$10.94	$9.66	$7.55	$13.39	$13.42	$11.35	$10.91	$9.83
Value at end of period	$12.52	$10.85	$10.94	$9.66	$7.55	$13.39	$13.42	$11.35	$10.91
Number of accumulation units outstanding at end of period	80,806	85,510	83,307	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	$9.59	$9.64	$8.74	$7.19	$10.16
Value at end of period	$10.92	$9.59	$9.64	$8.74	$7.19
Number of accumulation units outstanding at end of period	147,198	151,187	160,626	153,384	67,518
ING AMERICAN FUNDS GLOBAL GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.32	$9.98
Value at end of period	$10.73	$9.32
Number of accumulation units outstanding at end of period	3,257	7,314
ING AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME
PORTFOLIO
(Funds were first received in this option during October 2012)
Value at beginning of period	$9.91
Value at end of period	$10.04
Number of accumulation units outstanding at end of period	59
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.28	$15.74	$14.97	$10.67	$18.82	$16.00	$13.71	$11.51	$10.55
Value at end of period	$15.35	$13.28	$15.74	$14.97	$10.67	$18.82	$16.00	$13.71	$11.51
Number of accumulation units outstanding at end of period	499,043	510,266	505,028	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	$14.45	$15.58	$14.03	$11.38
Value at end of period	$16.10	$14.45	$15.58	$14.03
Number of accumulation units outstanding at end of period	8,647	15,883	15,922	12,305
ING BALANCED PORTFOLIO
Value at beginning of period	$9.80	$10.10	$9.01	$7.68	$10.87	$10.48
Value at end of period	$10.96	$9.80	$10.10	$9.01	$7.68	$10.87
Number of accumulation units outstanding at end of period	4,610	2,324	1,522	1,347	2,067	2,098
Empire Traditions		CFI 17

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BARON GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.66	$12.57	$10.08	$7.56	$13.07	$12.50	$11.00	$10.50
Value at end of period	$14.93	$12.66	$12.57	$10.08	$7.56	$13.07	$12.50	$11.00
Number of accumulation units outstanding at end of period	262,056	278,216	291,671	284,428	238,972	163,994	96,579	20,800
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.78	$12.38	$11.74	$9.92	$14.12	$13.20	$11.76	$10.80	$10.68
Value at end of period	$14.95	$12.78	$12.38	$11.74	$9.92	$14.12	$13.20	$11.76	$10.80
Number of accumulation units outstanding at end of period	74,170	75,218	114,721	115,638	110,626	38,166	22,788	10,895	1,405
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$12.15	$11.00	$10.58	$10.00
Value at end of period	$12.73	$12.15	$11.00	$10.58
Number of accumulation units outstanding at end of period	149,686	93,994	71,439	50,010
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.79	$11.12	$9.95	$7.76	$12.91	$12.28	$11.63	$10.73
Value at end of period	$12.17	$10.79	$11.12	$9.95	$7.76	$12.91	$12.28	$11.63
Number of accumulation units outstanding at end of period	70,168	72,396	74,340	73,468	51,777	19,472	14,068	9,551
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$10.03	$11.38	$9.78	$6.50	$9.99
Value at end of period	$10.64	$10.03	$11.38	$9.78	$6.50
Number of accumulation units outstanding at end of period	92,193	134,041	189,671	107,712	85,040
ING BOND PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$10.65	$10.22	$9.77	$8.84	$9.91
Value at end of period	$11.17	$10.65	$10.22	$9.77	$8.84
Number of accumulation units outstanding at end of period	205,779	211,749	234,733	219,928	131,457
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$10.10	$10.83	$9.47	$7.20	$12.44	$13.62	$11.12
Value at end of period	$12.51	$10.10	$10.83	$9.47	$7.20	$12.44	$13.62
Number of accumulation units outstanding at end of period	63,800	66,585	70,394	76,459	65,350	42,985	7,839
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$16.59	$15.37	$12.19	$9.10	$15.02	$18.53	$13.66	$11.29
Value at end of period	$18.89	$16.59	$15.37	$12.19	$9.10	$15.02	$18.53	$13.66
Number of accumulation units outstanding at end of period	59,756	63,263	64,593	68,152	76,435	87,466	72,278	28,640
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.64	$10.05	$8.14	$6.63	$10.20	$10.05	$9.81
Value at end of period	$10.85	$9.64	$10.05	$8.14	$6.63	$10.20	$10.05
Number of accumulation units outstanding at end of period	76,335	81,119	95,624	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	$9.20	$9.79	$8.87	$6.84	$11.42	$11.12	$9.88
Value at end of period	$10.18	$9.20	$9.79	$8.87	$6.84	$11.42	$11.12
Number of accumulation units outstanding at end of period	244,122	258,025	267,720	272,723	257,659	200,129	114,294

Empire Traditions

CFI 18

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during October 2007)
Value at beginning of period	$7.38	$8.24	$6.70	$5.58	$9.94	$10.53
Value at end of period	$8.58	$7.38	$8.24	$6.70	$5.58	$9.94
Number of accumulation units outstanding at end of period	73,889	45,891	61,700	64,999	62,523	16,629
ING EURO STOXX 50® INDEX PORTFOLIO
(Funds were first received in this option during August 2012)
Value at beginning of period	$7.52
Value at end of period	$8.60
Number of accumulation units outstanding at end of period	1,028
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.65	$15.56	$12.30	$8.96	$14.95	$13.25	$12.01	$10.66
Value at end of period	$15.42	$13.65	$15.56	$12.30	$8.96	$14.95	$13.25	$12.01
Number of accumulation units outstanding at end of period	127,404	136,514	149,505	149,935	128,285	104,376	53,451	15,156
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$11.27	$11.16	$10.02	$7.70	$11.05	$10.92	$9.94
Value at end of period	$12.51	$11.27	$11.16	$10.02	$7.70	$11.05	$10.92
Number of accumulation units outstanding at end of period	210,700	205,284	180,630	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	$9.76	$9.99	$9.09	$7.29	$11.88	$12.42
Value at end of period	$10.93	$9.76	$9.99	$9.09	$7.29	$11.88
Number of accumulation units outstanding at end of period	72,372	81,933	91,358	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	$8.30	$8.53	$7.82	$6.09	$9.60	$10.10
Value at end of period	$9.48	$8.30	$8.53	$7.82	$6.09	$9.60
Number of accumulation units outstanding at end of period	291,837	359,077	456,413	447,305	425,218	284,068
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$8.85	$10.03
Value at end of period	$8.45	$8.85
Number of accumulation units outstanding at end of period	24,870	25,118
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$17.78	$19.86	$16.56	$12.22	$21.02	$16.01	$13.38	$11.07
Value at end of period	$17.02	$17.78	$19.86	$16.56	$12.22	$21.02	$16.01	$13.38
Number of accumulation units outstanding at end of period	157,698	157,710	172,717	185,729	180,127	117,097	69,609	6,864
ING GROWTH AND INCOME CORE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.90	$12.73	$11.60	$8.13	$13.69	$12.95	$11.25	$10.40
Value at end of period	$11.74	$10.90	$12.73	$11.60	$8.13	$13.69	$12.95	$11.25
Number of accumulation units outstanding at end of period	184	173	0	0	0	80	352	81
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.56	$9.99
Value at end of period	$10.86	$9.56
Number of accumulation units outstanding at end of period	795,082	850,641
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during November 2007)
Value at beginning of period	$8.60	$8.77	$7.82	$6.10	$9.95	$9.83
Value at end of period	$9.78	$8.60	$8.77	$7.82	$6.10	$9.95
Number of accumulation units outstanding at end of period	258,466	275,872	115,127	111,076	24,504	117
Empire Traditions		CFI 19

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$11.04	$13.73	$12.96	$12.44
Value at end of period	$13.97	$11.04	$13.73	$12.96
Number of accumulation units outstanding at end of period	7,828	18,013	16,713	11,901
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.88	$11.08	$9.89	$8.16	$13.23	$12.81	$11.38	$10.98	$10.94
Value at end of period	$12.24	$10.88	$11.08	$9.89	$8.16	$13.23	$12.81	$11.38	$10.98
Number of accumulation units outstanding at end of period	81,312	83,463	109,968	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	$12.88	$13.25	$11.06	$8.54	$13.91	$13.41	$12.47	$11.42	$10.21
Value at end of period	$14.90	$12.88	$13.25	$11.06	$8.54	$13.91	$13.41	$12.47	$11.42
Number of accumulation units outstanding at end of period	109,312	113,693	128,495	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	$12.09	$12.38	$10.26	$8.36	$12.79	$13.88	$12.41	$11.73	$10.32
Value at end of period	$13.36	$12.09	$12.38	$10.26	$8.36	$12.79	$13.88	$12.41	$11.73
Number of accumulation units outstanding at end of period	112,803	131,796	125,755	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	$12.12	$11.46	$10.62	$9.68	$10.76	$10.33	$10.10	$10.08
Value at end of period	$13.03	$12.12	$11.46	$10.62	$9.68	$10.76	$10.33	$10.10
Number of accumulation units outstanding at end of period	284,339	289,652	300,243	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	$6.97	$8.08	$7.62	$6.06	$10.51
Value at end of period	$8.14	$6.97	$8.08	$7.62	$6.06
Number of accumulation units outstanding at end of period	45,827	47,797	49,548	46,792	9,412
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.85	$11.25	$9.91	$7.82	$12.50	$12.98	$11.37	$11.15	$11.04
Value at end of period	$12.69	$10.85	$11.25	$9.91	$7.82	$12.50	$12.98	$11.37	$11.15
Number of accumulation units outstanding at end of period	74,198	71,007	84,540	151,844	88,036	72,279	66,407	35,581	2,038
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.94	$12.28	$11.12	$9.22	$12.24	$12.03	$10.86	$10.68
Value at end of period	$13.24	$11.94	$12.28	$11.12	$9.22	$12.24	$12.03	$10.86
Number of accumulation units outstanding at end of period	41,125	16,384	86,075	21,416	14,339	4,964	2,548	1,179
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.20	$11.61	$10.47	$8.58	$12.84	$12.70	$11.11	$10.39
Value at end of period	$12.64	$11.20	$11.61	$10.47	$8.58	$12.84	$12.70	$11.11
Number of accumulation units outstanding at end of period	45,242	48,580	59,663	56,910	35,636	28,275	20,255	4,381
ING JAPAN TOPIX INDEX® PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$9.39	$9.63
Value at end of period	$9.95	$9.39
Number of accumulation units outstanding at end of period	546	495
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$19.43	$24.13	$20.35	$12.04	$25.06	$18.37	$13.72	$10.95
Value at end of period	$22.81	$19.43	$24.13	$20.35	$12.04	$25.06	$18.37	$13.72
Number of accumulation units outstanding at end of period	138,309	139,095	137,081	150,142	158,066	103,410	42,834	6,112
Empire Traditions		CFI 20

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.77	$13.72	$11.32	$9.14	$13.85	$13.74	$11.96	$11.50
Value at end of period	$16.28	$13.77	$13.72	$11.32	$9.14	$13.85	$13.74	$11.96
Number of accumulation units outstanding at end of period	36,513	32,812	18,748	20,518	9,416	4,884	4,997	5,388
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.18	$14.59	$11.68	$9.31	$13.48	$13.92	$12.11	$11.23
Value at end of period	$16.59	$14.18	$14.59	$11.68	$9.31	$13.48	$13.92	$12.11
Number of accumulation units outstanding at end of period	142,338	136,855	116,865	117,618	109,824	117,760	96,529	33,494
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during June 2012)
Value at beginning of period	$9.63
Value at end of period	$10.32
Number of accumulation units outstanding at end of period	1,175,277
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$15.04	$14.93	$13.26	$9.45	$13.23	$12.02	$11.56	$10.17
Value at end of period	$17.47	$15.04	$14.93	$13.26	$9.45	$13.23	$12.02	$11.56
Number of accumulation units outstanding at end of period	61,281	77,947	55,398	42,350	9,266	2,541	1,666	2,084
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during January 2011)
Value at beginning of period	$10.05	$10.05
Value at end of period	$11.32	$10.05
Number of accumulation units outstanding at end of period	31,820	36,696
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.48	$10.63	$10.78	$10.91	$10.80	$10.44	$10.13	$10.01
Value at end of period	$10.32	$10.48	$10.63	$10.78	$10.91	$10.80	$10.44	$10.13
Number of accumulation units outstanding at end of period	765,416	691,833	461,354	447,413	572,999	535,916	117,705	127,891
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.21	$12.60	$10.67	$8.39	$14.26	$12.68	$12.26	$10.83
Value at end of period	$13.54	$12.21	$12.60	$10.67	$8.39	$14.26	$12.68	$12.26
Number of accumulation units outstanding at end of period	153,949	150,886	209,961	148,997	143,262	134,618	110,823	20,150
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.88	$11.87	$10.96	$9.43	$12.33	$12.03	$10.90	$10.75	$10.10
Value at end of period	$13.01	$11.88	$11.87	$10.96	$9.43	$12.33	$12.03	$10.90	$10.75
Number of accumulation units outstanding at end of period	150,157	147,581	124,203	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	$17.40	$16.60	$14.81	$11.32	$18.44	$14.69	$11.39	$10.14
Value at end of period	$19.43	$17.40	$16.60	$14.81	$11.32	$18.44	$14.69	$11.39
Number of accumulation units outstanding at end of period	152,620	151,394	150,324	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	$11.27	$11.52	$9.00	$6.47	$10.06
Value at end of period	$12.65	$11.27	$11.52	$9.00	$6.47
Number of accumulation units outstanding at end of period	101,928	104,365	99,884	85,291	84,002
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.85	$13.81	$12.31	$9.69	$13.76	$12.73	$10.65	$10.17
Value at end of period	$16.94	$14.85	$13.81	$12.31	$9.69	$13.76	$12.73	$10.65
Number of accumulation units outstanding at end of period	58,400	58,525	50,260	96,622	50,112	58,143	34,264	22,841
Empire Traditions		CFI 21

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$14.18	$15.05	$13.40	$10.91
Value at end of period	$15.76	$14.18	$15.05	$13.40
Number of accumulation units outstanding at end of period	12,180	11,918	12,920	15,130
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.28	$13.56	$11.86	$8.62	$14.65	$13.95	$12.00	$10.06
Value at end of period	$14.73	$12.28	$13.56	$11.86	$8.62	$14.65	$13.95	$12.00
Number of accumulation units outstanding at end of period	2,295	3,895	4,363	2,943	3,124	3,095	3,457	5,989
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$13.14	$14.55	$12.75	$9.29	$15.83	$15.11	$13.03	$11.11
Value at end of period	$15.71	$13.14	$14.55	$12.75	$9.29	$15.83	$15.11	$13.03
Number of accumulation units outstanding at end of period	95,866	93,928	104,997	112,932	125,344	106,431	80,397	22,381
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.32	$14.88	$13.22	$8.98	$11.76	$11.60	$10.80	$10.38
Value at end of period	$17.21	$15.32	$14.88	$13.22	$8.98	$11.76	$11.60	$10.80
Number of accumulation units outstanding at end of period	144,842	120,629	109,485	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	$14.18	$13.90	$13.10	$11.61	$11.31	$10.53	$10.24	$10.14	$10.03
Value at end of period	$15.20	$14.18	$13.90	$13.10	$11.61	$11.31	$10.53	$10.24	$10.14
Number of accumulation units outstanding at end of period	914,217	888,048	788,650	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	$11.06	$11.75	$10.29	$8.41	$13.08	$12.63	$10.98	$10.66
Value at end of period	$12.02	$11.06	$11.75	$10.29	$8.41	$13.08	$12.63	$10.98
Number of accumulation units outstanding at end of period	5,762	8,180	8,421	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	$11.09	$11.85	$10.19	$8.27	$12.54	$12.06	$10.89	$10.14
Value at end of period	$12.14	$11.09	$11.85	$10.19	$8.27	$12.54	$12.06	$10.89
Number of accumulation units outstanding at end of period	200,633	195,414	203,285	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	$9.16	$8.84	$8.31	$8.25
Value at end of period	$9.74	$9.16	$8.84	$8.31
Number of accumulation units outstanding at end of period	99,086	109,760	51,960	27,962
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.04	$10.31	$9.37	$9.22
Value at end of period	$11.17	$10.04	$10.31	$9.37
Number of accumulation units outstanding at end of period	2,555,277	2,695,847	2,923,138	3,167,564
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.39	$10.54	$9.63	$9.49
Value at end of period	$11.43	$10.39	$10.54	$9.63
Number of accumulation units outstanding at end of period	2,066,647	2,175,977	2,248,047	2,411,511
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.71	$10.64	$9.86	$9.75
Value at end of period	$11.64	$10.71	$10.64	$9.86
Number of accumulation units outstanding at end of period	829,736	855,940	958,680	973,278
Empire Traditions		CFI 22

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.40	$14.06	$12.68	$10.84
Value at end of period	$16.21	$14.40	$14.06	$12.68
Number of accumulation units outstanding at end of period	36,253	33,586	6,868	6,237
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.07	$9.01	$8.16	$6.71	$10.25
Value at end of period	$10.30	$9.07	$9.01	$8.16	$6.71
Number of accumulation units outstanding at end of period	276,829	268,616	139,431	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	$13.58	$13.70	$12.51	$10.82
Value at end of period	$15.51	$13.58	$13.70	$12.51
Number of accumulation units outstanding at end of period	17,253	18,724	25,237	19,791
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$15.53	$16.11	$12.99	$10.83
Value at end of period	$17.68	$15.53	$16.11	$12.99
Number of accumulation units outstanding at end of period	79,750	81,345	86,963	89,782
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.02	$10.39	$8.44	$6.13	$10.75
Value at end of period	$11.53	$10.02	$10.39	$8.44	$6.13
Number of accumulation units outstanding at end of period	38,772	35,926	35,195	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	$10.18	$10.78	$8.68	$6.97	$10.32
Value at end of period	$11.62	$10.18	$10.78	$8.68	$6.97
Number of accumulation units outstanding at end of period	46,444	43,883	35,045	32,837	17,996
ING SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$15.37	$15.51	$11.92	$9.25	$14.35	$13.26	$11.98	$10.81
Value at end of period	$17.41	$15.37	$15.51	$11.92	$9.25	$14.35	$13.26	$11.98
Number of accumulation units outstanding at end of period	8,745	8,512	8,920	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	$10.50	$10.95	$8.96	$7.15	$10.48
Value at end of period	$11.83	$10.50	$10.95	$8.96	$7.15
Number of accumulation units outstanding at end of period	22,011	23,856	24,374	82,969	9,211
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.66	$13.47	$11.99	$9.13	$12.78	$12.42	$11.00	$10.52
Value at end of period	$15.41	$13.66	$13.47	$11.99	$9.13	$12.78	$12.42	$11.00
Number of accumulation units outstanding at end of period	462,708	455,529	493,393	499,062	483,336	286,314	206,508	28,588
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.62	$11.90	$10.50	$8.53	$13.46	$13.25	$11.29	$11.02	$10.23
Value at end of period	$13.43	$11.62	$11.90	$10.50	$8.53	$13.46	$13.25	$11.29	$11.02
Number of accumulation units outstanding at end of period	209,326	187,388	138,071	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	$9.07	$9.33	$8.12	$5.78	$10.17	$9.64
Value at end of period	$10.61	$9.07	$9.33	$8.12	$5.78	$10.17
Number of accumulation units outstanding at end of period	148,158	143,154	150,971	204,483	58,691	6,290
Empire Traditions		CFI 23

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.78	$13.64	$12.16	$8.97	$18.03	$15.17	$12.41	$10.10
Value at end of period	$13.79	$11.78	$13.64	$12.16	$8.97	$18.03	$15.17	$12.41
Number of accumulation units outstanding at end of period	55,720	54,455	60,440	64,814	63,984	39,485	13,670	9,405
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$8.94	$10.33	$9.65	$7.43	$12.70	$11.18	$9.31
Value at end of period	$10.45	$8.94	$10.33	$9.65	$7.43	$12.70	$11.18
Number of accumulation units outstanding at end of period	458,783	177,383	256,438	187,735	184,557	36,677	4,598
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.66	$11.47	$10.80	$8.29	$13.94	$13.81	$11.49	$10.66
Value at end of period	$12.79	$10.66	$11.47	$10.80	$8.29	$13.94	$13.81	$11.49
Number of accumulation units outstanding at end of period	77,040	81,909	84,467	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	$11.67	$11.07	$10.61	$10.20	$10.01
Value at end of period	$11.91	$11.67	$11.07	$10.61	$10.20
Number of accumulation units outstanding at end of period	105,162	105,640	101,780	107,574	62,689
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$10.98	$11.45	$10.28	$7.93	$13.41	$13.48	$11.97	$10.86
Value at end of period	$12.24	$10.98	$11.45	$10.28	$7.93	$13.41	$13.48	$11.97
Number of accumulation units outstanding at end of period	13,743	13,312	13,606	15,446	18,311	19,127	17,226	14,395
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$7.69	$8.12	$7.78	$6.08	$9.67
Value at end of period	$8.72	$7.69	$8.12	$7.78	$6.08
Number of accumulation units outstanding at end of period	53,261	55,692	88,781	89,814	88,282
INVESCO VAN KAMPEN V.I. AMERICAN FRANCHISE FUND
(Funds were first received in this option during April 2012)
Value at beginning of period	$10.28
Value at end of period	$9.93
Number of accumulation units outstanding at end of period	7,214
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$10.36	$10.51	$9.47	$7.73	$12.59	$12.33	$11.01	$10.20
Value at end of period	$11.63	$10.36	$10.51	$9.47	$7.73	$12.59	$12.33	$11.01
Number of accumulation units outstanding at end of period	488	528	534	523	492	499	721	297
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$10.31	$11.48	$11.35	$8.71	$15.78	$13.98	$12.07	$10.76
Value at end of period	$11.85	$10.31	$11.48	$11.35	$8.71	$15.78	$13.98	$12.07
Number of accumulation units outstanding at end of period	1,734	1,632	1,636	1,622	1,634	1,600	1,378	1,392
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$3.53	$5.73	$6.92	$5.31	$8.69	$9.30	$8.57	$8.68
Value at end of period	$3.23	$3.53	$5.73	$6.92	$5.31	$8.69	$9.30	$8.57
Number of accumulation units outstanding at end of period	15,679	1,419	0	0	0	80	352	81

Empire Traditions

CFI 24

Condensed Financial Information (continued)
	Separate Account Annual Charges of 1.55%
	2012	2011	2010	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	$9.75	$10.27	$9.50	$7.98	$8.52
Value at end of period	$10.55	$9.75	$10.27	$9.50	$7.98
Number of accumulation units outstanding at end of period	0	0	0	0	837
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during August 2005)
Value at beginning of period	$12.82	$13.87	$11.14	$9.05	$12.80	$13.34	$11.35	$10.98
Value at end of period	$14.04	$12.82	$13.87	$11.14	$9.05	$12.80	$13.34	$11.35
Number of accumulation units outstanding at end of period	0	0	0	46	46	46	47	439
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.91	$15.57	$13.53	$10.14	$17.98	$15.57	$14.19	$12.35	$10.90
Value at end of period	$17.04	$14.91	$15.57	$13.53	$10.14	$17.98	$15.57	$14.19	$12.35
Number of accumulation units outstanding at end of period	278	278	16,968	28,051	33,345	38,330	42,688	18,592	21,263
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.83	$10.93	$9.66	$7.55	$13.41	$13.45	$11.39	$10.96	$10.01
Value at end of period	$12.48	$10.83	$10.93	$9.66	$7.55	$13.41	$13.45	$11.39	$10.96
Number of accumulation units outstanding at end of period	0	0	18,022	27,319	32,298	40,313	43,227	61,281	68,041
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.55	$18.45	$17.56	$12.53	$22.12	$18.82	$16.15	$13.56	$11.61
Value at end of period	$17.95	$15.55	$18.45	$17.56	$12.53	$22.12	$18.82	$16.15	$13.56
Number of accumulation units outstanding at end of period	0	0	2,600	2,789	2,939	3,868	3,358	3,657	3,680
ING BALANCED PORTFOLIO
Value at beginning of period	$9.74	$10.05	$8.98	$7.66	$10.85	$10.47
Value at end of period	$10.89	$9.74	$10.05	$8.98	$7.66	$10.85	$11.43	$9.88	$9.28
Number of accumulation units outstanding at end of period	0	0	2,775	4,361	4,303	4,374
ING BARON GROWTH PORTFOLIO
(Fund first available during December 2005)
Value at beginning of period	$12.58	$12.50	$10.03	$7.54	$13.03	$12.47	$10.99	$11.20
Value at end of period	$14.82	$12.58	$12.50	$10.03	$7.54	$13.03	$12.47	$10.99
Number of accumulation units outstanding at end of period	0	0	0	552	664	112	569	39
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.63	$11.27	$10.70	$9.05	$12.89	$12.06	$10.76	$9.90	$9.89
Value at end of period	$13.59	$11.63	$11.27	$10.70	$9.05	$12.89	$12.06	$10.76	$9.90
Number of accumulation units outstanding at end of period	0	0	1,372	4,099	4,060	4,236	4,348	3,739	2,030
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during May 2010)
Value at beginning of period	$12.11	$10.98	$10.90
Value at end of period	$12.68	$12.11	$10.98
Number of accumulation units outstanding at end of period	0	0	5,288
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.72	$11.06	$9.91	$7.73	$12.88	$12.26	$11.62	$10.89
Value at end of period	$12.08	$10.72	$11.06	$9.91	$7.73	$12.88	$12.26	$11.62
Number of accumulation units outstanding at end of period	1,371	347	471	471	473	474	126	101

Empire Traditions

CFI 25

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BOND PORTFOLIO
(Funds were first received in this option during December 2008)
Value at beginning of period	$10.60	$10.19	$9.76	$8.84	$8.64
Value at end of period	$11.12	$10.60	$10.19	$9.76	$8.84
Number of accumulation units outstanding at end of period	0	0	3,323	0	653
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$10.05	$10.78	$9.44	$7.18	$12.42	$13.61	$11.01
Value at end of period	$12.43	$10.05	$10.78	$9.44	$7.18	$12.42	$13.61
Number of accumulation units outstanding at end of period	221	221	221	221	222	222	674
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.29	$17.89	$14.20	$10.61	$17.53	$21.65	$15.97	$13.89	$11.57
Value at end of period	$21.94	$19.29	$17.89	$14.20	$10.61	$17.53	$21.65	$15.97	$13.89
Number of accumulation units outstanding at end of period	0	0	256	256	256	256	308	529	640
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$9.59	$10.01	$8.11	$6.61	$10.18	$10.04	$10.10
Value at end of period	$10.78	$9.59	$10.01	$8.11	$6.61	$10.18	$10.04
Number of accumulation units outstanding at end of period	0	0	0	0	563	321	590
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$7.34	$8.21	$6.68	$5.57	$9.01
Value at end of period	$8.53	$7.34	$8.21	$6.68	$5.57
Number of accumulation units outstanding at end of period	0	0	0	0	656
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.56	$15.47	$12.24	$8.93	$14.91	$13.23	$12.00	$11.20
Value at end of period	$15.31	$13.56	$15.47	$12.24	$8.93	$14.91	$13.23	$12.00
Number of accumulation units outstanding at end of period	0	0	0	618	618	618	839	215
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$11.21	$11.11	$9.99	$7.68	$11.03	$10.91	$10.75
Value at end of period	$12.43	$11.21	$11.11	$9.99	$7.68	$11.03	$10.91
Number of accumulation units outstanding at end of period	667	668	4,705	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	$9.72	$9.95	$9.06	$7.27	$11.87	$12.68
Value at end of period	$10.87	$9.72	$9.95	$9.06	$7.27	$11.87
Number of accumulation units outstanding at end of period	611	612	613	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	$8.26	$8.50	$7.80	$5.31	$9.60	$10.13
Value at end of period	$9.43	$8.26	$8.50	$7.80	$6.08	$9.60
Number of accumulation units outstanding at end of period	0	0	3,274	3,271	0	698
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$17.66	$19.75	$16.49	$12.18	$20.97	$15.98	$13.37	$11.68
Value at end of period	$16.89	$17.66	$19.75	$16.49	$12.18	$20.97	$15.98	$13.37
Number of accumulation units outstanding at end of period	0	0	0	2,757	1,269	1,834	364	207
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.56	$8.74	$7.80	$7.10
Value at end of period	$9.73	$8.56	$8.74	$7.80
Number of accumulation units outstanding at end of period	0	0	4,072	1,773
Empire Traditions		CFI 26

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.56	$9.74	$8.71	$7.19	$11.67	$11.31	$10.05	$9.71	$8.95
Value at end of period	$10.74	$9.56	$9.74	$8.71	$7.19	$11.67	$11.31	$10.05	$9.71
Number of accumulation units outstanding at end of period	0	0	4,825	6,691	7,388	7,569	8,161	9,343	12,634
ING INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.25	$14.68	$12.26	$9.47	$15.45	$14.91	$13.88	$12.72	$11.10
Value at end of period	$16.47	$14.25	$14.68	$12.26	$9.47	$15.45	$14.91	$13.88	$12.72
Number of accumulation units outstanding at end of period	0	0	5,612	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	$14.11	$14.47	$12.00	$9.79	$14.99	$16.28	$14.57	$13.78	$11.50
Value at end of period	$15.57	$14.11	$14.47	$12.00	$9.79	$14.99	$16.28	$14.57	$13.78
Number of accumulation units outstanding at end of period	0	0	6,930	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	$12.04	$11.40	$10.57	$9.65	$10.73	$10.31	$10.07
Value at end of period	$12.93	$12.04	$11.40	$10.57	$9.65	$10.73	$10.31
Number of accumulation units outstanding at end of period	0	0	2,813	0	0	1,575	2,632
ING INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$6.95	$8.06	$7.60	$7.02
Value at end of period	$8.10	$6.95	$8.06	$7.60
Number of accumulation units outstanding at end of period	0	0	83	83
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.76	$12.20	$10.77	$8.51	$13.60	$14.14	$12.40	$12.17	$10.59
Value at end of period	$13.74	$11.76	$12.20	$10.77	$8.51	$13.60	$14.14	$12.40	$12.17
Number of accumulation units outstanding at end of period	0	0	634	6,688	8,116	8,197	8,250	8,435	8,289
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$11.86	$12.21	$11.07	$9.19	$11.77
Value at end of period	$13.14	$11.86	$12.21	$11.07	$9.19
Number of accumulation units outstanding at end of period	0	0	362	2,023	3,024
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$11.13	$11.55	$10.43	$8.54	$12.81	$12.68	$12.40
Value at end of period	$12.55	$11.13	$11.55	$10.43	$8.54	$12.81	$12.68
Number of accumulation units outstanding at end of period	0	0	0	1,029	1,030	941	942
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$19.31	$23.99	$20.26	$11.99	$25.00	$18.34	$15.15
Value at end of period	$22.64	$19.31	$23.99	$20.26	$11.99	$25.00	$18.34
Number of accumulation units outstanding at end of period	186	0	240	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	$17.00	$16.96	$14.01	$11.32	$17.18	$17.05	$14.86	$13.91	$11.72
Value at end of period	$20.09	$17.00	$16.96	$14.01	$11.32	$17.18	$17.05	$14.86	$13.91
Number of accumulation units outstanding at end of period	0	0	2,828	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	$15.27	$15.72	$12.60	$10.05	$14.57	$15.05	$13.11	$12.84	$10.36
Value at end of period	$17.84	$15.27	$15.72	$12.60	$10.05	$14.57	$15.05	$13.11	$12.84
Number of accumulation units outstanding at end of period	0	0	535	1,422	1,446	1,608	1,648	2,535	2,162
Empire Traditions		CFI 27

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.84
Value at end of period	$10.31
Number of accumulation units outstanding at end of period	402
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$13.88	$13.79	$12.26	$8.74	$12.25	$11.15	$10.73	$10.47
Value at end of period	$16.10	$13.88	$13.79	$12.26	$8.74	$12.25	$11.15	$10.73
Number of accumulation units outstanding at end of period	0	0	465	461	490	524	519	510
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.90	$16.15	$16.40	$16.61	$16.47	$15.93	$15.46	$15.28	$15.38
Value at end of period	$15.66	$15.90	$16.15	$16.40	$16.61	$16.47	$15.93	$15.46	$15.28
Number of accumulation units outstanding at end of period	0	0	90,427	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	$11.89	$12.28	$10.41	$8.19	$13.95	$12.77
Value at end of period	$13.17	$11.89	$12.28	$10.41	$8.19	$13.95
Number of accumulation units outstanding at end of period	0	0	55	55	237	474
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$26.22	$26.22	$24.24	$20.88	$27.32	$26.68	$24.21	$23.89	$21.84
Value at end of period	$28.70	$26.22	$26.22	$24.24	$20.88	$27.32	$26.68	$24.21	$23.89
Number of accumulation units outstanding at end of period	0	0	5,841	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	$17.29	$16.50	$14.75	$11.28	$18.39	$14.66	$11.39	$11.41
Value at end of period	$19.28	$17.29	$16.50	$14.75	$11.28	$18.39	$14.66	$11.39
Number of accumulation units outstanding at end of period	0	0	1,915	4,921	4,966	3,652	4,079	3,823
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$14.75	$13.74	$12.25	$9.65	$13.73	$12.71	$12.55
Value at end of period	$16.82	$14.75	$13.74	$12.25	$9.65	$13.73	$12.71
Number of accumulation units outstanding at end of period	0	0	0	0	0	0	475
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.20	$13.49	$11.80	$8.59	$14.62	$13.93	$11.99	$10.06
Value at end of period	$14.62	$12.20	$13.49	$11.80	$8.59	$14.62	$13.93	$11.99
Number of accumulation units outstanding at end of period	0	0	1,722	2,216	2,272	2,215	2,232	2,988
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during February 2006)
Value at beginning of period	$13.64	$15.12	$13.27	$9.67	$16.50	$15.76	$14.23
Value at end of period	$16.30	$13.64	$15.12	$13.27	$9.67	$16.50	$15.76
Number of accumulation units outstanding at end of period	0	0	10,132	14,568	16,629	21,252	28,687
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.65	$15.22	$13.53	$9.20	$12.06	$11.91	$11.10	$10.81	$10.00
Value at end of period	$17.57	$15.65	$15.22	$13.53	$9.20	$12.06	$11.91	$11.10	$10.81
Number of accumulation units outstanding at end of period	0	0	2,759	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	$18.56	$18.22	$17.18	$15.25	$14.86	$13.85	$13.48	$13.37	$12.94
Value at end of period	$19.87	$18.56	$18.22	$17.18	$15.25	$14.86	$13.85	$13.48	$13.37
Number of accumulation units outstanding at end of period	0	0	13,428	26,263	14,030	18,117	10,675	10,875	14,478
Empire Traditions		CFI 28

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING PIONEER FUND PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$10.98	$11.69	$10.25	$8.38	$13.04	$12.61	$10.97	$10.65
Value at end of period	$11.93	$10.98	$11.69	$10.25	$8.38	$13.04	$12.61	$10.97
Number of accumulation units outstanding at end of period	0	0	0	25	25	26	26	26
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.02	$11.78	$10.15	$8.24	$12.51	$12.04	$10.89	$10.89
Value at end of period	$12.05	$11.02	$11.78	$10.15	$8.24	$12.51	$12.04	$10.89
Number of accumulation units outstanding at end of period	0	0	138	230	338	138	459	138
ING RETIREMENT CONSERVATIVE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.14	$8.83	$8.31	$8.25
Value at end of period	$9.71	$9.14	$8.83	$8.31
Number of accumulation units outstanding at end of period	0	0	0	6,389
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.01	$10.30	$9.37	$9.22
Value at end of period	$11.14	$10.01	$10.30	$9.37
Number of accumulation units outstanding at end of period	1,645	5,505	5,505	6,515
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.37	$10.52	$9.63	$9.49
Value at end of period	$11.39	$10.37	$10.52	$9.63
Number of accumulation units outstanding at end of period	3,115	3,281	3,468	39,718
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.69	$10.63	$9.86	$9.75
Value at end of period	$11.60	$10.69	$10.63	$9.86
Number of accumulation units outstanding at end of period	0	0	14,822	25,879
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.36	$14.04	$12.68	$10.84
Value at end of period	$16.16	$14.36	$14.04	$12.68
Number of accumulation units outstanding at end of period	0	0	715	4,218
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$9.04	$8.99	$8.15	$6.95
Value at end of period	$10.26	$9.04	$8.99	$8.15
Number of accumulation units outstanding at end of period	0	0	10,189	13,056
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.54	$13.67	$12.50	$10.64
Value at end of period	$15.46	$13.54	$13.67	$12.50
Number of accumulation units outstanding at end of period	0	0	2,413	4,538
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.49	$16.09	$12.98	$11.56
Value at end of period	$17.61	$15.49	$16.09	$12.98
Number of accumulation units outstanding at end of period	715	0	0	801
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.14	$10.75	$8.66	$6.96	$10.04
Value at end of period	$11.57	$10.14	$10.75	$8.66	$6.96
Number of accumulation units outstanding at end of period	734	0	0	2,217	2,218
Empire Traditions		CFI 29

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.57	$13.40	$11.94	$9.10	$12.75	$12.40	$10.99	$10.73
Value at end of period	$15.30	$13.57	$13.40	$11.94	$9.10	$12.75	$12.40	$10.99
Number of accumulation units outstanding at end of period	0	0	0	5,610	6,119	6,128	5,234	225
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.71	$12.00	$10.60	$8.61	$13.60	$13.41	$11.44	$11.18	$10.63
Value at end of period	$13.51	$11.71	$12.00	$10.60	$8.61	$13.60	$13.41	$11.44	$11.18
Number of accumulation units outstanding at end of period	0	0	0	975	976	889	923	38	107
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$11.71	$13.56	$12.11	$8.94	$17.98	$15.15	$12.40	$11.21
Value at end of period	$13.69	$11.71	$13.56	$12.11	$8.94	$17.98	$15.15	$12.40
Number of accumulation units outstanding at end of period	0	0	1,458	1,642	1,699	1,830	1,601	1,710
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Funds were first received in this option during April 2007)
Value at beginning of period	$8.89	$10.28	$9.62	$7.41	$12.67	$12.10
Value at end of period	$10.38	$8.89	$10.28	$9.62	$7.41	$12.67
Number of accumulation units outstanding at end of period	0	0	27,841	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	$10.59	$11.41	$10.75	$8.26	$13.90	$14.44
Value at end of period	$12.70	$10.59	$11.41	$10.75	$8.26	$13.90
Number of accumulation units outstanding at end of period	211	212	11,042	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	$11.63	$11.04	$10.59	$10.19	$9.98
Value at end of period	$11.86	$11.63	$11.04	$10.59	$10.19
Number of accumulation units outstanding at end of period	0	0	4,313	5,988	4,532
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$10.92	$11.40	$10.25	$7.91	$13.40	$13.48	$12.07
Value at end of period	$12.17	$10.92	$11.40	$10.25	$7.91	$13.40	$13.48
Number of accumulation units outstanding at end of period	0	0	146	147	149	150	151
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$7.66	$8.09	$7.76	$6.07	$9.95
Value at end of period	$8.68	$7.66	$8.09	$7.76	$6.07
Number of accumulation units outstanding at end of period	0	0	0	0	932
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$8.39	$9.35	$9.26	$7.11	$12.89	$11.43	$9.88	$9.28	$8.51
Value at end of period	$9.63	$8.39	$9.35	$9.26	$7.11	$12.89	$11.43	$9.88	$9.28
Number of accumulation units outstanding at end of period	0	0	238	237	237	244	244	244	244

Empire Traditions

CFI 30

Condensed Financial Information (continued)
	Separate Account Annual Charges of 1.60%
	2012	2011	2010	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	$9.73	$10.26	$9.50	$7.98	$9.88
Value at end of period	$10.52	$9.73	$10.26	$9.50	$7.98
Number of accumulation units outstanding at end of period	923	934	6,410	6,324	3,490
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.77	$13.82	$11.11	$9.03	$12.78	$13.33	$11.35	$11.13
Value at end of period	$13.98	$12.77	$13.82	$11.11	$9.03	$12.78	$13.33	$11.35
Number of accumulation units outstanding at end of period	786	808	772	670	640	982	1,148	1,433
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.57	$14.19	$12.33	$9.25	$16.40	$14.21	$12.96	$11.29	$10.52
Value at end of period	$15.51	$13.57	$14.19	$12.33	$9.25	$16.40	$14.21	$12.96	$11.29
Number of accumulation units outstanding at end of period	16,769	22,061	21,324	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	$10.73	$10.84	$9.58	$7.50	$13.32	$13.37	$11.33	$10.83
Value at end of period	$12.36	$10.73	$10.84	$9.58	$7.50	$13.32	$13.37	$11.33
Number of accumulation units outstanding at end of period	5,231	5,526	5,862	6,140	6,210	6,495	6,922	2,749
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during April 2010)
Value at beginning of period	$9.53	$9.60	$9.07
Value at end of period	$10.84	$9.53	$9.60
Number of accumulation units outstanding at end of period	34	6,978	7,011
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.13	$15.59	$14.85	$10.60	$18.73	$15.94	$13.69	$11.34
Value at end of period	$15.15	$13.13	$15.59	$14.85	$10.60	$18.73	$15.94	$13.69
Number of accumulation units outstanding at end of period	15,644	20,720	21,114	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	$14.39	$15.53	$14.01	$11.32
Value at end of period	$16.01	$14.39	$15.53	$14.01
Number of accumulation units outstanding at end of period	3,584	3,512	3,423	2,412
ING BARON GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.53	$12.46	$10.01	$7.52	$13.01	$12.46	$10.99	$10.74
Value at end of period	$14.75	$12.53	$12.46	$10.01	$7.52	$13.01	$12.46	$10.99
Number of accumulation units outstanding at end of period	9,461	12,574	9,618	13,745	9,460	8,210	6,547	6,304
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.64	$12.26	$11.65	$9.86	$14.04	$13.15	$11.73	$10.79
Value at end of period	$14.77	$12.64	$12.26	$11.65	$9.86	$14.04	$13.15	$11.73
Number of accumulation units outstanding at end of period	1,200	732	733	735	2,245	3,505	484	484
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$12.10	$11.86
Value at end of period	$12.66	$12.10
Number of accumulation units outstanding at end of period	5,717	10,851
Empire Traditions		CFI 31

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.68	$11.03	$9.88	$7.71	$12.86	$13.36
Value at end of period	$12.03	$10.68	$11.03	$9.88	$7.71	$12.86
Number of accumulation units outstanding at end of period	159	163	141	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	$9.98	$11.34	$9.75	$6.49	$9.99
Value at end of period	$10.56	$9.98	$11.34	$9.75	$6.49
Number of accumulation units outstanding at end of period	12,657	14,500	14,891	12,144	5,610
ING BOND PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$10.58	$10.17	$9.75	$8.83	$8.63
Value at end of period	$11.09	$10.58	$10.17	$9.75	$8.83
Number of accumulation units outstanding at end of period	11,550	14,002	14,830	13,907	381
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during September 2006)
Value at beginning of period	$10.02	$10.75	$9.42	$7.17	$12.41	$13.61	$11.86
Value at end of period	$12.38	$10.02	$10.75	$9.42	$7.17	$12.41	$13.61
Number of accumulation units outstanding at end of period	6,747	6,918	9,330	9,965	11,264	11,108	514
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$16.41	$15.22	$12.09	$9.04	$14.95	$18.46	$13.63	$11.63
Value at end of period	$18.65	$16.41	$15.22	$12.09	$9.04	$14.95	$18.46	$13.63
Number of accumulation units outstanding at end of period	4,292	5,666	7,197	7,825	8,539	9,277	14,384	3,358
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during January 2007)
Value at beginning of period	$9.56	$9.98	$8.10	$6.60	$10.17	$9.99
Value at end of period	$10.74	$9.56	$9.98	$8.10	$6.60	$10.17
Number of accumulation units outstanding at end of period	654	674	683	2,648	2,699	2,303
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$9.12	$9.72	$8.81	$6.80	$11.38	$11.10	$11.01
Value at end of period	$10.07	$9.12	$9.72	$8.81	$6.80	$11.38	$11.10
Number of accumulation units outstanding at end of period	838	840	811	784	653	545	545
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during April 2012)
Value at beginning of period	$7.90
Value at end of period	$8.51
Number of accumulation units outstanding at end of period	1,554
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.51	$15.42	$12.21	$8.91	$14.89	$13.21	$12.00	$11.46
Value at end of period	$15.24	$13.51	$15.42	$12.21	$8.91	$14.89	$13.21	$12.00
Number of accumulation units outstanding at end of period	4,323	6,273	5,895	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	$11.18	$11.08	$9.97	$7.67	$11.02	$10.91	$10.09
Value at end of period	$12.38	$11.18	$11.08	$9.97	$7.67	$11.02	$10.91
Number of accumulation units outstanding at end of period	10,308	11,725	10,636	11,594	9,984	8,586	377

Empire Traditions

CFI 32

	Condensed Financial Information (continued)
	2012	2011	2010	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	$9.70	$9.93	$9.05	$7.27	$11.87	$12.76
Value at end of period	$10.84	$9.70	$9.93	$9.05	$7.27	$11.87
Number of accumulation units outstanding at end of period	3,414	4,761	8,049	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	$8.24	$8.48	$7.78	$6.07	$9.59	$10.08
Value at end of period	$9.40	$8.24	$8.48	$7.78	$6.07	$9.59
Number of accumulation units outstanding at end of period	30,556	36,007	33,719	31,558	31,638	11,065
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during February 2011)
Value at beginning of period	$8.84	$10.43
Value at end of period	$8.42	$8.84
Number of accumulation units outstanding at end of period	1,321	1,331
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$17.60	$19.69	$16.45	$12.15	$20.94	$15.97	$13.36	$10.95
Value at end of period	$16.82	$17.60	$19.69	$16.45	$12.15	$20.94	$15.97	$13.36
Number of accumulation units outstanding at end of period	10,355	10,490	10,767	11,879	13,105	11,491	6,805	1,405
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.55	$9.99
Value at end of period	$10.82	$9.55
Number of accumulation units outstanding at end of period	29,348	37,675
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.54	$8.73	$7.79	$7.10
Value at end of period	$9.71	$8.54	$8.73	$7.79
Number of accumulation units outstanding at end of period	13,669	14,175	109	109
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$10.99	$13.70	$12.94	$12.08
Value at end of period	$13.89	$10.99	$13.70	$12.94
Number of accumulation units outstanding at end of period	3,904	4,024	4,005	2,490
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.76	$10.97	$9.81	$8.11	$13.16	$12.77	$11.35	$10.82
Value at end of period	$12.08	$10.76	$10.97	$9.81	$8.11	$13.16	$12.77	$11.35
Number of accumulation units outstanding at end of period	135	65	66	206	565	980	1,032	1,014
ING INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.74	$13.13	$10.97	$8.48	$13.84	$13.37	$12.45	$11.41	$10.44
Value at end of period	$14.71	$12.74	$13.13	$10.97	$8.48	$13.84	$13.37	$12.45	$11.41
Number of accumulation units outstanding at end of period	1,880	1,924	2,358	2,899	3,609	4,212	3,880	3,109	119
ING INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.95	$12.27	$10.18	$8.31	$12.73	$13.83	$12.39	$12.01
Value at end of period	$13.19	$11.95	$12.27	$10.18	$8.31	$12.73	$13.83	$12.39
Number of accumulation units outstanding at end of period	1,901	2,586	2,719	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	$12.00	$11.36	$10.54	$9.63	$10.71	$10.30	$10.09	$10.13
Value at end of period	$12.88	$12.00	$11.36	$10.54	$9.63	$10.71	$10.30	$10.09
Number of accumulation units outstanding at end of period	27,690	20,264	51,676	19,733	30,952	9,085	8,593	346
Empire Traditions		CFI 33

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$6.93	$8.04	$7.60	$7.02
Value at end of period	$8.08	$6.93	$8.04	$7.60
Number of accumulation units outstanding at end of period	363	367	372	376
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.73	$11.14	$9.83	$7.77	$12.44	$12.93	$11.34	$11.14	$10.40
Value at end of period	$12.53	$10.73	$11.14	$9.83	$7.77	$12.44	$12.93	$11.34	$11.14
Number of accumulation units outstanding at end of period	10,965	12,314	13,264	12,975	9,704	9,365	5,255	6,100	174
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.82	$12.17	$11.04	$9.17	$12.19	$12.00	$10.84	$10.65
Value at end of period	$13.08	$11.82	$12.17	$11.04	$9.17	$12.19	$12.00	$10.84
Number of accumulation units outstanding at end of period	2,111	2,023	2,339	1,933	1,898	2,132	2,852	1,378
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.08	$11.51	$10.40	$8.53	$12.79	$12.67	$11.10	$10.42
Value at end of period	$12.49	$11.08	$11.51	$10.40	$8.53	$12.79	$12.67	$11.10
Number of accumulation units outstanding at end of period	2,068	2,093	2,567	2,861	2,822	1,234	1,265	1,317
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$19.23	$23.92	$20.20	$11.97	$24.96	$18.32	$13.71	$10.97
Value at end of period	$22.54	$19.23	$23.92	$20.20	$11.97	$24.96	$18.32	$13.71
Number of accumulation units outstanding at end of period	21,016	21,181	20,888	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	$13.61	$13.59	$11.23	$9.08	$13.78	$13.69	$11.94	$11.59
Value at end of period	$16.08	$13.61	$13.59	$11.23	$9.08	$13.78	$13.69	$11.94
Number of accumulation units outstanding at end of period	337	10,938	2,732	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	$14.03	$14.45	$11.59	$9.25	$13.41	$13.87	$12.08	$11.84	$10.73
Value at end of period	$16.38	$14.03	$14.45	$11.59	$9.25	$13.41	$13.87	$12.08	$11.84
Number of accumulation units outstanding at end of period	6,208	5,815	5,625	3,946	3,233	3,573	2,630	1,248	90
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.84
Value at end of period	$10.31
Number of accumulation units outstanding at end of period	38,275
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$14.88	$14.79	$13.15	$9.38	$13.16	$11.98	$11.53	$10.63
Value at end of period	$17.25	$14.88	$14.79	$13.15	$9.38	$13.16	$11.98	$11.53
Number of accumulation units outstanding at end of period	3,771	4,035	3,620	0	0	0	507	22
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.36	$10.52	$10.69	$10.83	$10.75	$10.41	$10.10	$10.01
Value at end of period	$10.19	$10.36	$10.52	$10.69	$10.83	$10.75	$10.41	$10.10
Number of accumulation units outstanding at end of period	31,748	37,284	27,044	24,235	29,543	23,791	19,590	1,930
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.07	$12.47	$10.58	$8.33	$14.19	$12.63	$12.23	$10.77
Value at end of period	$13.37	$12.07	$12.47	$10.58	$8.33	$14.19	$12.63	$12.23
Number of accumulation units outstanding at end of period	1,161	4,136	4,485	4,226	3,862	3,624	3,653	5,915
Empire Traditions		CFI 34

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.75	$11.75	$10.87	$9.37	$12.26	$11.98	$10.88	$10.74	$10.14
Value at end of period	$12.85	$11.75	$11.75	$10.87	$9.37	$12.26	$11.98	$10.88	$10.74
Number of accumulation units outstanding at end of period	10,104	10,494	11,139	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	$17.22	$16.45	$14.71	$11.26	$18.36	$14.65	$11.38	$11.48
Value at end of period	$19.20	$17.22	$16.45	$14.71	$11.26	$18.36	$14.65	$11.38
Number of accumulation units outstanding at end of period	11,074	11,821	10,042	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	$11.21	$11.48	$8.97	$6.47	$10.05
Value at end of period	$12.56	$11.21	$11.48	$8.97	$6.47
Number of accumulation units outstanding at end of period	2,575	2,695	1,627	667	908
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during January 2007)
Value at beginning of period	$14.70	$13.69	$12.22	$9.63	$13.71	$12.96
Value at end of period	$16.74	$14.70	$13.69	$12.22	$9.63	$13.71
Number of accumulation units outstanding at end of period	356	321	49	307	239	2,537
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO
(Funds were first received in this option during January 2010)
Value at beginning of period	$14.12	$15.01	$13.70
Value at end of period	$15.67	$14.12	$15.01
Number of accumulation units outstanding at end of period	406	566	566
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.16	$13.44	$11.77	$8.57	$14.59	$13.92	$11.99	$10.06
Value at end of period	$14.55	$12.16	$13.44	$11.77	$8.57	$14.59	$13.92	$11.99
Number of accumulation units outstanding at end of period	0	0	0	0	799	787	716	220
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$13.00	$14.41	$12.65	$9.23	$15.75	$15.05	$13.01	$11.62
Value at end of period	$15.51	$13.00	$14.41	$12.65	$9.23	$15.75	$15.05	$13.01
Number of accumulation units outstanding at end of period	4,420	5,522	5,555	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	$15.14	$14.74	$13.11	$8.92	$11.70	$11.56	$10.78	$10.50	$10.18
Value at end of period	$16.99	$15.14	$14.74	$13.11	$8.92	$11.70	$11.56	$10.78	$10.50
Number of accumulation units outstanding at end of period	7,476	8,011	7,455	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	$14.02	$13.77	$12.99	$11.54	$11.25	$10.49	$10.22	$10.26
Value at end of period	$15.00	$14.02	$13.77	$12.99	$11.54	$11.25	$10.49	$10.22
Number of accumulation units outstanding at end of period	35,048	22,112	22,888	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	$10.94	$11.65	$10.22	$8.37	$12.25
Value at end of period	$11.88	$10.94	$11.65	$10.22	$8.37
Number of accumulation units outstanding at end of period	0	0	0	0	491
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.98	$11.75	$10.12	$8.22	$12.49	$12.03	$10.88	$10.72
Value at end of period	$12.00	$10.98	$11.75	$10.12	$8.22	$12.49	$12.03	$10.88
Number of accumulation units outstanding at end of period	1,080	1,087	1,094	2,420	2,595	1,656	2,395	2,342
Empire Traditions		CFI 35

	Condensed Financial Information (continued)
	2012	2011	2010	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	$9.13	$8.82	$8.31	$8.25
Value at end of period	$9.70	$9.13	$8.82	$8.31
Number of accumulation units outstanding at end of period	0	0	0	51,223
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.00	$10.29	$9.37	$9.21
Value at end of period	$11.12	$10.00	$10.29	$9.37
Number of accumulation units outstanding at end of period	69,912	73,293	86,630	97,314
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.36	$10.52	$9.63	$9.49
Value at end of period	$11.37	$10.36	$10.52	$9.63
Number of accumulation units outstanding at end of period	197,616	207,377	205,476	212,960
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.68	$10.62	$9.86	$9.75
Value at end of period	$11.58	$10.68	$10.62	$9.86
Number of accumulation units outstanding at end of period	58,297	61,892	60,356	93,972
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.34	$14.02	$12.67	$10.84
Value at end of period	$16.12	$14.34	$14.02	$12.67
Number of accumulation units outstanding at end of period	526	520	526	532
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$9.02	$8.97	$8.14	$6.94
Value at end of period	$10.23	$9.02	$8.97	$8.14
Number of accumulation units outstanding at end of period	9,984	7,957	8,506	8,880
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.52	$13.66	$12.49	$10.64
Value at end of period	$15.42	$13.52	$13.66	$12.49
Number of accumulation units outstanding at end of period	3,568	4,086	4,136	4,035
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.47	$16.07	$12.98	$11.56
Value at end of period	$17.58	$15.47	$16.07	$12.98
Number of accumulation units outstanding at end of period	2,116	2,313	1,988	1,931
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$10.12	$10.89	$8.66	$6.67
Value at end of period	$11.54	$10.12	$10.74	$8.66
Number of accumulation units outstanding at end of period	395	6,092	0	7,258
ING SMALL COMPANY PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$10.44	$10.91	$8.94	$7.14	$7.21
Value at end of period	$11.74	$10.44	$10.91	$8.94	$7.14
Number of accumulation units outstanding at end of period	0	0	0	4,481	375
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.52	$13.36	$11.90	$9.08	$12.73	$12.39	$10.98	$10.45
Value at end of period	$15.23	$13.52	$13.36	$11.90	$9.08	$12.73	$12.39	$10.98
Number of accumulation units outstanding at end of period	21,706	31,507	23,208	26,649	26,541	16,953	13,760	5,445
Empire Traditions		CFI 36

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.49	$11.78	$10.42	$8.47	$13.39	$13.20	$11.27	$10.63
Value at end of period	$13.26	$11.49	$11.78	$10.42	$8.47	$13.39	$13.20	$11.27
Number of accumulation units outstanding at end of period	6,168	9,799	9,627	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	$9.01	$9.28	$8.09	$5.76	$10.16	$10.10
Value at end of period	$10.51	$9.01	$9.28	$8.09	$5.76	$10.16
Number of accumulation units outstanding at end of period	4,502	4,516	4,515	1,431	896	871
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$11.66	$13.52	$12.08	$8.92	$17.95	$15.13	$12.40	$11.21
Value at end of period	$13.63	$11.66	$13.52	$12.08	$8.92	$17.95	$15.13	$12.40
Number of accumulation units outstanding at end of period	850	13,340	7,758	5,334	11,909	10,671	11,949	3,147
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$8.86	$10.26	$9.60	$7.40	$12.66	$11.17	$10.42
Value at end of period	$10.34	$8.86	$10.26	$9.60	$7.40	$12.66	$11.17
Number of accumulation units outstanding at end of period	8,523	4,569	6,164	6,643	6,691	2,006	1,055
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during March 2006)
Value at beginning of period	$10.55	$11.37	$10.73	$8.24	$13.88	$13.78	$12.11
Value at end of period	$12.64	$10.55	$11.37	$10.73	$8.24	$13.88	$13.78
Number of accumulation units outstanding at end of period	3,541	3,734	4,828	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	$11.60	$11.02	$10.58	$10.19	$9.71
Value at end of period	$11.83	$11.60	$11.02	$10.58	$10.19
Number of accumulation units outstanding at end of period	593	738	728	685	114
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Funds were first received in this option during December 2012)
Value at beginning of period	$11.92
Value at end of period	$12.08
Number of accumulation units outstanding at end of period	34
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$7.64	$8.08	$7.76	$6.07	$9.83
Value at end of period	$8.66	$7.64	$8.08	$7.76	$6.07
Number of accumulation units outstanding at end of period	387	437	427	3,732	3,795
PROFUND VP EUROPE 30
(Fund first available during September 2006)
Value at beginning of period	$10.20	$11.37	$11.26	$8.65	$15.70	$13.93	$12.53	$11.32	$11.32
Value at end of period	$11.70	$10.20	$11.37	$11.26	$8.65	$15.70	$13.93	$12.53	$11.32
Number of accumulation units outstanding at end of period	0	0	0	0	0	0	413	0	18,775
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2006)
Value at beginning of period	$3.49	$5.67	$6.86	$5.28	$8.64	$9.27	$9.17
Value at end of period	$3.19	$3.49	$5.67	$6.86	$5.28	$8.64	$9.27
Number of accumulation units outstanding at end of period	373	1,693	0	1,480	1,576	1,531	1,329

Empire Traditions

CFI 37

	Condensed Financial Information (continued)
	Separate Account Annual Charges of 1.75%
	2012	2011	2010	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	$9.67	$10.22	$9.47	$7.97	$9.91
Value at end of period	$10.45	$9.67	$10.22	$9.47	$7.97
Number of accumulation units outstanding at end of period	23,591	32,026	33,720	26,799	17,124
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.65	$13.71	$11.03	$8.98	$12.73	$13.30	$11.34	$11.27
Value at end of period	$13.82	$12.65	$13.71	$11.03	$8.98	$12.73	$13.30	$11.34
Number of accumulation units outstanding at end of period	0	669	985	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	$14.60	$15.28	$13.30	$9.99	$17.74	$15.40	$14.06	$12.27	$10.84
Value at end of period	$16.65	$14.60	$15.28	$13.30	$9.99	$17.74	$15.40	$14.06	$12.27
Number of accumulation units outstanding at end of period	66,656	86,733	138,622	156,811	175,122	116,527	113,409	46,372	16,055
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.60	$10.72	$9.49	$7.44	$13.24	$13.30	$11.29	$10.88	$9.96
Value at end of period	$12.19	$10.60	$10.72	$9.49	$7.44	$13.24	$13.30	$11.29	$10.88
Number of accumulation units outstanding at end of period	9,943	17,770	69,842	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	$9.48	$9.57	$8.69	$7.17	$10.13
Value at end of period	$10.76	$9.48	$9.57	$8.69	$7.17
Number of accumulation units outstanding at end of period	19,372	109,008	5,659	6,647	4,521
ING AMERICAN FUNDS GLOBAL GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during February 2011)
Value at beginning of period	$9.29	$10.34
Value at end of period	$10.66	$9.29
Number of accumulation units outstanding at end of period	0	672
ING AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME
PORTFOLIO
(Funds were first received in this option during July 2011)
Value at beginning of period	$8.79	$10.02
Value at end of period	$9.98	$8.79
Number of accumulation units outstanding at end of period	279	285
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.29	$18.17	$17.34	$12.40	$21.93	$18.69	$16.07	$13.53	$11.60
Value at end of period	$17.62	$15.29	$18.17	$17.34	$12.40	$21.93	$18.69	$16.07	$13.53
Number of accumulation units outstanding at end of period	35,124	47,276	59,770	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	$14.33	$15.49	$13.99	$12.51
Value at end of period	$15.91	$14.33	$15.49	$13.99
Number of accumulation units outstanding at end of period	365	552	918	547
ING BALANCED PORTFOLIO
Value at beginning of period	$9.63	$9.96	$8.91	$7.62	$10.82	$10.46
Value at end of period	$10.74	$9.63	$9.96	$8.91	$7.62	$10.82
Number of accumulation units outstanding at end of period	0	0	203	1,993	1,868	2,457
Empire Traditions		CFI 38

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BARON GROWTH PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.41	$12.35	$9.94	$7.48	$12.96	$12.43	$10.98	$10.72
Value at end of period	$14.59	$12.41	$12.35	$9.94	$7.48	$12.96	$12.43	$10.98
Number of accumulation units outstanding at end of period	8,829	11,662	14,431	14,473	13,823	5,301	2,137	719
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.45	$11.12	$10.58	$8.97	$12.80	$12.00	$10.72	$9.88	$8.97
Value at end of period	$13.36	$11.45	$11.12	$10.58	$8.97	$12.80	$12.00	$10.72	$9.88
Number of accumulation units outstanding at end of period	6,041	8,382	11,611	14,048	23,335	13,018	11,716	11,260	1,230
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$12.05	$10.94	$10.56	$9.99
Value at end of period	$12.59	$12.05	$10.94	$10.56
Number of accumulation units outstanding at end of period	40,372	79,194	32,224	22,268
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.58	$10.94	$9.81	$7.67	$12.81	$12.21	$11.60	$11.19
Value at end of period	$11.89	$10.58	$10.94	$9.81	$7.67	$12.81	$12.21	$11.60
Number of accumulation units outstanding at end of period	16,441	11,111	13,485	17,939	21,325	4,553	3,152	3,081
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.92	$11.29	$9.73	$6.49	$9.99
Value at end of period	$10.49	$9.92	$11.29	$9.73	$6.49
Number of accumulation units outstanding at end of period	16,079	17,437	18,793	16,750	18,703
ING BOND PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$10.52	$10.13	$9.72	$8.82	$9.83
Value at end of period	$11.01	$10.52	$10.13	$9.72	$8.82
Number of accumulation units outstanding at end of period	55,612	57,939	66,285	63,146	49,468
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$9.93	$10.68	$9.37	$7.14	$12.38	$13.59	$13.26
Value at end of period	$12.26	$9.93	$10.68	$9.37	$7.14	$12.38	$13.59
Number of accumulation units outstanding at end of period	10,766	14,611	16,079	16,979	23,960	18,188	6,795
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$18.99	$17.65	$14.03	$10.51	$17.40	$21.53	$15.92	$13.87	$10.86
Value at end of period	$21.56	$18.99	$17.65	$14.03	$10.51	$17.40	$21.53	$15.92	$13.87
Number of accumulation units outstanding at end of period	2,725	5,932	8,771	10,772	11,635	12,903	10,470	8,708	4,329
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$9.48	$9.91	$8.05	$6.57	$10.15	$10.03	$9.44
Value at end of period	$10.64	$9.48	$9.91	$8.05	$6.57	$10.15	$10.03
Number of accumulation units outstanding at end of period	3,720	4,677	6,381	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	$9.03	$9.65	$8.76	$6.77	$11.34	$11.08	$9.86
Value at end of period	$9.96	$9.03	$9.65	$8.76	$6.77	$11.34	$11.08
Number of accumulation units outstanding at end of period	30,324	34,506	36,976	37,350	38,967	7,422	3,323

Empire Traditions

CFI 39

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$7.28	$8.16	$6.65	$5.56	$9.05
Value at end of period	$8.44	$7.28	$8.16	$6.65	$5.56
Number of accumulation units outstanding at end of period	7,636	7,236	7,779	8,547	9,528
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.38	$15.29	$12.13	$8.87	$14.83	$13.18	$11.99	$11.09
Value at end of period	$15.07	$13.38	$15.29	$12.13	$8.87	$14.83	$13.18	$11.99
Number of accumulation units outstanding at end of period	25,656	27,113	30,723	37,078	39,804	9,861	5,508	1,774
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.08	$11.00	$9.91	$7.64	$10.99	$10.90	$10.88
Value at end of period	$12.26	$11.08	$11.00	$9.91	$7.64	$10.99	$10.90
Number of accumulation units outstanding at end of period	89,610	261,908	90,606	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	$9.63	$9.88	$9.01	$7.25	$11.86	$12.69
Value at end of period	$10.75	$9.63	$9.88	$9.01	$7.25	$11.86
Number of accumulation units outstanding at end of period	27,664	30,363	33,194	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	$8.19	$8.44	$7.75	$6.06	$9.58	$10.03
Value at end of period	$9.32	$8.19	$8.44	$7.75	$6.06	$9.58
Number of accumulation units outstanding at end of period	91,619	92,320	95,946	95,148	85,823	67,967
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during May 2011)
Value at beginning of period	$8.83	$10.45
Value at end of period	$8.40	$8.83
Number of accumulation units outstanding at end of period	20,955	3,794
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$17.43	$19.52	$16.33	$12.09	$20.85	$15.93	$13.35	$13.18
Value at end of period	$16.63	$17.43	$19.52	$16.33	$12.09	$20.85	$15.93	$13.35
Number of accumulation units outstanding at end of period	42,709	54,503	83,358	90,895	135,835	12,207	4,546	416
ING GROWTH AND INCOME CORE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$8.09	$9.48	$8.66	$6.09	$10.28	$9.76	$8.50	$8.52	$8.02
Value at end of period	$8.69	$8.09	$9.48	$8.66	$6.09	$10.28	$9.76	$8.50	$8.52
Number of accumulation units outstanding at end of period	0	0	213	214	235	308	370	1,966	2,044
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.54	$9.99
Value at end of period	$10.79	$9.54
Number of accumulation units outstanding at end of period	90,111	134,630
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during December 2008)
Value at beginning of period	$8.49	$8.69	$7.77	$6.08	$5.84
Value at end of period	$9.63	$8.49	$8.69	$7.77	$6.08
Number of accumulation units outstanding at end of period	25,671	31,056	25,328	21,523	1,117
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.95	$13.66	$12.93	$13.33
Value at end of period	$13.81	$10.95	$13.66	$12.93
Number of accumulation units outstanding at end of period	9	9	9	10
Empire Traditions		CFI 40

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.36	$9.56	$8.56	$7.08	$11.52	$11.19	$9.96	$9.64	$8.90
Value at end of period	$10.49	$9.36	$9.56	$8.56	$7.08	$11.52	$11.19	$9.96	$9.64
Number of accumulation units outstanding at end of period	2,689	5,164	12,719	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	$13.95	$14.40	$12.05	$9.33	$15.25	$14.75	$13.75	$12.63	$11.05
Value at end of period	$16.09	$13.95	$14.40	$12.05	$9.33	$15.25	$14.75	$13.75	$12.63
Number of accumulation units outstanding at end of period	1,838	4,000	9,980	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	$13.81	$14.19	$11.80	$9.64	$14.79	$16.10	$14.44	$13.69	$11.44
Value at end of period	$15.22	$13.81	$14.19	$11.80	$9.64	$14.79	$16.10	$14.44	$13.69
Number of accumulation units outstanding at end of period	3,395	5,626	19,652	22,653	26,984	28,177	23,049	31,178	22,926
ING INTERMEDIATE BOND PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$11.88	$11.27	$10.47	$9.58	$10.67	$10.27	$10.12
Value at end of period	$12.73	$11.88	$11.27	$10.47	$9.58	$10.67	$10.27
Number of accumulation units outstanding at end of period	63,122	52,094	52,876	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	$6.89	$8.01	$7.58	$4.74
Value at end of period	$8.03	$6.89	$8.01	$7.58
Number of accumulation units outstanding at end of period	38,124	13,816	15,403	14,631
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.54	$11.99	$10.60	$8.39	$13.45	$14.01	$12.30	$12.10	$10.55
Value at end of period	$13.45	$11.54	$11.99	$10.60	$8.39	$13.45	$14.01	$12.30	$12.10
Number of accumulation units outstanding at end of period	822	1,580	4,753	4,755	4,865	4,665	6,320	4,566	2,111
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.70	$12.07	$10.96	$9.12	$12.14	$11.97	$10.83	$10.64
Value at end of period	$12.94	$11.70	$12.07	$10.96	$9.12	$12.14	$11.97	$10.83
Number of accumulation units outstanding at end of period	18,435	20,955	24,891	26,682	26,994	8,804	8,794	6,628
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.98	$11.42	$10.33	$8.48	$12.74	$12.64	$11.09	$10.87
Value at end of period	$12.35	$10.98	$11.42	$10.33	$8.48	$12.74	$12.64	$11.09
Number of accumulation units outstanding at end of period	9,537	11,147	11,377	12,327	10,945	7,776	4,601	791
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$19.05	$23.72	$20.07	$11.90	$24.86	$18.27	$13.69	$10.83
Value at end of period	$22.29	$19.05	$23.72	$20.07	$11.90	$24.86	$18.27	$13.69
Number of accumulation units outstanding at end of period	27,666	33,744	34,299	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	$16.67	$16.67	$13.79	$11.17	$16.98	$16.89	$14.75	$13.84	$11.68
Value at end of period	$19.66	$16.67	$16.67	$13.79	$11.17	$16.98	$16.89	$14.75	$13.84
Number of accumulation units outstanding at end of period	1,632	2,755	15,153	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	$14.97	$15.44	$12.40	$9.91	$14.40	$14.91	$13.01	$12.77	$10.74
Value at end of period	$17.46	$14.97	$15.44	$12.40	$9.91	$14.40	$14.91	$13.01	$12.77
Number of accumulation units outstanding at end of period	8,591	9,032	14,163	14,549	12,694	7,752	10,286	8,103	1,982
Empire Traditions		CFI 41

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during May 2012)
Value at beginning of period	$10.31
Value at end of period	$10.29
Number of accumulation units outstanding at end of period	158,951
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$13.67	$13.60	$12.12	$8.66	$12.16	$11.09	$10.69	$10.44
Value at end of period	$15.82	$13.67	$13.60	$12.12	$8.66	$12.16	$11.09	$10.69
Number of accumulation units outstanding at end of period	3,267	4,265	1,452	1,532	831	1,002	106	107
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during November 2011)
Value at beginning of period	$10.02	$9.86
Value at end of period	$11.26	$10.02
Number of accumulation units outstanding at end of period	1,029	1,036
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.19	$15.45	$15.72	$15.95	$15.85	$15.37	$14.94	$14.80	$14.87
Value at end of period	$14.92	$15.19	$15.45	$15.72	$15.95	$15.85	$15.37	$14.94	$14.80
Number of accumulation units outstanding at end of period	58,945	106,227	282,724	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	$11.71	$12.12	$10.29	$8.12	$13.84	$12.34	$11.97	$11.19	$9.92
Value at end of period	$12.94	$11.71	$12.12	$10.29	$8.12	$13.84	$12.34	$11.97	$11.19
Number of accumulation units outstanding at end of period	30,517	25,737	33,903	33,996	34,277	9,618	6,447	5,760	524
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$25.33	$25.37	$23.51	$20.29	$26.59	$26.03	$23.66	$23.40	$21.43
Value at end of period	$27.66	$25.33	$25.37	$23.51	$20.29	$26.59	$26.03	$23.66	$23.40
Number of accumulation units outstanding at end of period	8,262	14,207	29,557	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	$17.06	$16.32	$14.61	$11.19	$18.29	$14.61	$11.37	$10.57
Value at end of period	$18.99	$17.06	$16.32	$14.61	$11.19	$18.29	$14.61	$11.37
Number of accumulation units outstanding at end of period	20,930	27,114	33,174	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	$11.14	$11.43	$8.95	$6.46	$9.72
Value at end of period	$12.47	$11.14	$11.43	$8.95	$6.46
Number of accumulation units outstanding at end of period	1,551	2,022	1,696	1,704	1,738
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$14.55	$13.58	$12.14	$9.58	$13.65	$12.67	$10.98
Value at end of period	$16.56	$14.55	$13.58	$12.14	$9.58	$13.65	$12.67
Number of accumulation units outstanding at end of period	6,676	9,433	9,288	7,152	4,369	5,190	34
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO
(Funds were first received in this option during December 2010)
Value at beginning of period	$14.06	$14.97	$14.70
Value at end of period	$15.58	$14.06	$14.97
Number of accumulation units outstanding at end of period	0	653	732
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$12.04	$13.33	$11.69	$8.52	$14.54	$13.88	$11.98	$10.06
Value at end of period	$14.39	$12.04	$13.33	$11.69	$8.52	$14.54	$13.88	$11.98
Number of accumulation units outstanding at end of period	0	379	918	2,654	2,922	3,185	3,225	3,300
Empire Traditions		CFI 42

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$13.38	$14.86	$13.06	$9.54	$16.31	$15.61	$13.51	$12.14	$10.74
Value at end of period	$15.95	$13.38	$14.86	$13.06	$9.54	$16.31	$15.61	$13.51	$12.14
Number of accumulation units outstanding at end of period	11,703	15,913	56,903	68,485	79,077	76,580	92,843	18,655	2,249
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.41	$15.02	$13.38	$9.11	$11.97	$11.85	$11.07	$10.80	$10.00
Value at end of period	$17.26	$15.41	$15.02	$13.38	$9.11	$11.97	$11.85	$11.07	$10.80
Number of accumulation units outstanding at end of period	14,615	7,488	22,990	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	$17.92	$17.63	$16.66	$14.82	$14.47	$13.51	$13.18	$13.09	$12.71
Value at end of period	$19.15	$17.92	$17.63	$16.66	$14.82	$14.47	$13.51	$13.18	$13.09
Number of accumulation units outstanding at end of period	127,149	136,724	150,586	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	$10.84	$11.56	$10.15	$8.32	$12.97	$12.57	$10.95	$10.64
Value at end of period	$11.74	$10.84	$11.56	$10.15	$8.32	$12.97	$12.57	$10.95
Number of accumulation units outstanding at end of period	3,699	3,723	3,922	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	$10.88	$11.65	$10.05	$8.18	$12.44	$12.00	$10.87	$10.63
Value at end of period	$11.86	$10.88	$11.65	$10.05	$8.18	$12.44	$12.00	$10.87
Number of accumulation units outstanding at end of period	4,321	12,374	26,321	27,247	28,956	14,042	14,665	10,960
ING RETIREMENT CONSERVATIVE PORTFOLIO
(Funds were first received in this option during December 2009)
Value at beginning of period	$9.10	$8.81	$8.31	$8.33
Value at end of period	$9.65	$9.10	$8.81	$8.31
Number of accumulation units outstanding at end of period	34,114	21,287	15,948	12,369
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.97	$10.27	$9.37	$9.21
Value at end of period	$11.07	$9.97	$10.27	$9.37
Number of accumulation units outstanding at end of period	220,096	245,390	304,281	328,694
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.32	$10.50	$9.62	$9.49
Value at end of period	$11.32	$10.32	$10.50	$9.62
Number of accumulation units outstanding at end of period	225,808	275,872	350,829	353,512
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.64	$10.61	$9.85	$9.75
Value at end of period	$11.53	$10.64	$10.61	$9.85
Number of accumulation units outstanding at end of period	162,593	192,404	231,239	246,913
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.28	$13.99	$12.66	$10.83
Value at end of period	$16.03	$14.28	$13.99	$12.66
Number of accumulation units outstanding at end of period	2,194	2,465	10,938	10,982
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$8.97	$8.94	$8.12	$6.69	$10.04
Value at end of period	$10.16	$8.97	$8.94	$8.12	$6.69
Number of accumulation units outstanding at end of period	24,956	25,873	75,900	77,691	1,729
Empire Traditions		CFI 43

	Condensed Financial Information (continued)
	2012	2011	2010	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	$13.47	$13.63	$12.48	$10.63
Value at end of period	$15.34	$13.47	$13.63	$12.48
Number of accumulation units outstanding at end of period	2,185	3,475	6,949	8,871
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.40	$16.03	$12.96	$11.55
Value at end of period	$17.48	$15.40	$16.03	$12.96
Number of accumulation units outstanding at end of period	17,241	19,178	19,851	21,184
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2008)
Value at beginning of period	$9.91	$10.30	$8.40	$6.11	$9.36
Value at end of period	$11.36	$9.91	$10.30	$8.40	$6.11
Number of accumulation units outstanding at end of period	15,965	10,277	13,648	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	$10.07	$10.69	$8.63	$6.95	$10.03
Value at end of period	$11.46	$10.07	$10.69	$8.63	$6.95
Number of accumulation units outstanding at end of period	874	1,357	4,560	4,130	2,245
ING SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$15.06	$15.25	$11.75	$9.15	$14.24	$13.20	$11.95	$12.01
Value at end of period	$17.01	$15.06	$15.25	$11.75	$9.15	$14.24	$13.20	$11.95
Number of accumulation units outstanding at end of period	0	0	0	4	483	483	4	4
ING SMALL COMPANY PORTFOLIO
(Funds were first received in this option during August 2008)
Value at beginning of period	$10.39	$10.86	$8.92	$7.13	$10.46
Value at end of period	$11.66	$10.39	$10.86	$8.92	$7.13
Number of accumulation units outstanding at end of period	3,552	3,666	11,717	9,616	8,988
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.39	$13.25	$11.82	$9.03	$12.68	$12.36	$10.97	$10.54
Value at end of period	$15.06	$13.39	$13.25	$11.82	$9.03	$12.68	$12.36	$10.97
Number of accumulation units outstanding at end of period	66,383	46,014	54,153	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	$11.53	$11.83	$10.48	$8.53	$13.50	$13.34	$11.40	$11.16	$10.03
Value at end of period	$13.27	$11.53	$11.83	$10.48	$8.53	$13.50	$13.34	$11.40	$11.16
Number of accumulation units outstanding at end of period	20,842	30,111	44,644	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	$8.95	$9.23	$8.06	$5.75	$9.08
Value at end of period	$10.43	$8.95	$9.23	$8.06	$5.75
Number of accumulation units outstanding at end of period	8,959	1,872	1,327	1,377	1,771
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during July 2005)
Value at beginning of period	$11.55	$13.41	$11.99	$8.87	$17.88	$15.10	$12.39	$10.36
Value at end of period	$13.48	$11.55	$13.41	$11.99	$8.87	$17.88	$15.10	$12.39
Number of accumulation units outstanding at end of period	21,810	94,529	21,325	23,888	29,419	12,279	7,923	7,995
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$8.79	$10.19	$9.55	$7.37	$12.63	$11.16	$9.27
Value at end of period	$10.24	$8.79	$10.19	$9.55	$7.37	$12.63	$11.16
Number of accumulation units outstanding at end of period	40,936	39,760	161,981	180,249	197,568	101,442	22
Empire Traditions		CFI 44

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.45	$11.28	$10.65	$8.19	$13.83	$13.74	$11.47	$10.61
Value at end of period	$12.50	$10.45	$11.28	$10.65	$8.19	$13.83	$13.74	$11.47
Number of accumulation units outstanding at end of period	7,310	11,051	61,701	68,904	75,591	83,709	6,010	779
ING U.S. BOND INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$11.54	$10.98	$10.55	$10.17	$9.78
Value at end of period	$11.74	$11.54	$10.98	$10.55	$10.17
Number of accumulation units outstanding at end of period	34,971	35,566	40,785	40,997	16,431
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$10.76	$11.25	$10.13	$7.84	$13.30	$13.41	$11.94	$10.85
Value at end of period	$11.96	$10.76	$11.25	$10.13	$7.84	$13.30	$13.41	$11.94
Number of accumulation units outstanding at end of period	0	702	1,432	1,527	2,012	1,984	1,489	1,867
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$7.60	$8.05	$7.73	$6.06	$9.95
Value at end of period	$8.59	$7.60	$8.05	$7.73	$6.06
Number of accumulation units outstanding at end of period	16,856	21,753	33,387	68,411	70,654
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$8.16	$8.30	$7.51	$6.14	$10.03	$9.86	$8.83	$8.75	$8.29
Value at end of period	$9.13	$8.16	$8.30	$7.51	$6.14	$10.03	$9.86	$8.83	$8.75
Number of accumulation units outstanding at end of period	0	86	86	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	$8.21	$9.17	$9.09	$7.00	$12.72	$11.30	$9.78	$9.21	$8.68
Value at end of period	$9.41	$8.21	$9.17	$9.09	$7.00	$12.72	$11.30	$9.78	$9.21
Number of accumulation units outstanding at end of period	0	384	385	385	573	931	966	985	848
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$3.00	$4.88	$5.92	$4.55	$7.47	$8.02	$7.41	$8.19	$9.03
Value at end of period	$2.74	$3.00	$4.88	$5.92	$4.55	$7.47	$8.02	$7.41	$8.19
Number of accumulation units outstanding at end of period	0	1,036	2,617	2,787	2,850	3,677	3,305	3,253	1,230
	Separate Account Annual Charges of 1.90%
	2012	2011	2010	2009	2008	2007	2006	2005	2004
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during November 2005)
Value at beginning of period	$12.52	$13.59	$10.95	$8.93	$12.67	$13.26	$11.32	$11.24
Value at end of period	$13.66	$12.52	$13.59	$10.95	$8.93	$12.67	$13.26	$11.32
Number of accumulation units outstanding at end of period	0	0	0	174	174	174	174	174
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Funds were first received in this option during August 2008)
Value at beginning of period	$14.37	$15.06	$13.13	$9.88	$14.77
Value at end of period	$16.37	$14.37	$15.06	$13.13	$9.88
Number of accumulation units outstanding at end of period	0	0	1,389	1,389	1,389

Empire Traditions

CFI 45

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.43	$10.57	$9.37	$7.35	$13.11	$13.19	$11.21	$10.83	$9.92
Value at end of period	$11.98	$10.43	$10.57	$9.37	$7.35	$13.11	$13.19	$11.21	$10.83
Number of accumulation units outstanding at end of period	0	0	141	486	490	817	968	841	269
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.10	$17.97	$17.17	$12.30	$21.79	$18.60	$16.02	$13.50	$11.60
Value at end of period	$17.37	$15.10	$17.97	$17.17	$12.30	$21.79	$18.60	$16.02	$13.50
Number of accumulation units outstanding at end of period	0	0	1,046	1,825	1,894	1,467	643	758	455
ING BARON GROWTH PORTFOLIO
(Fund first available during November 2005)
Value at beginning of period	$12.28	$12.25	$9.87	$7.44	$12.91	$12.40	$10.97	$10.72
Value at end of period	$14.42	$12.28	$12.25	$9.87	$7.44	$12.91	$12.40	$10.97
Number of accumulation units outstanding at end of period	0	0	0	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	$9.87	$11.25	$9.70	$8.34
Value at end of period	$10.42	$9.87	$11.25	$9.70
Number of accumulation units outstanding at end of period	0	0	0	1,155
ING FRANKLIN INCOME PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.99	$10.92	$9.86	$7.61	$10.97	$11.54
Value at end of period	$12.14	$10.99	$10.92	$9.86	$7.61	$10.97
Number of accumulation units outstanding at end of period	0	0	3,224	6,022	3,799	1,744
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.56	$9.82	$8.98	$7.23	$11.85	$12.76
Value at end of period	$10.65	$9.56	$9.82	$8.98	$7.23	$11.85
Number of accumulation units outstanding at end of period	0	0	796	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	$8.13	$8.39	$7.72	$6.04	$9.57	$10.19
Value at end of period	$9.24	$8.13	$8.39	$7.72	$6.04	$9.57
Number of accumulation units outstanding at end of period	0	0	2,901	2,901	3,100	2,883
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.52	$9.99
Value at end of period	$10.76	$9.52
Number of accumulation units outstanding at end of period	843	933
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$9.21	$9.42	$8.45	$7.00	$11.40	$11.10	$10.14
Value at end of period	$10.31	$9.21	$9.42	$8.45	$7.00	$11.40	$11.10
Number of accumulation units outstanding at end of period	0	0	282	282	283	283	404
ING INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.73	$14.19	$11.90	$9.23	$15.10	$14.63	$13.66	$12.56	$11.33
Value at end of period	$15.81	$13.73	$14.19	$11.90	$9.23	$15.10	$14.63	$13.66	$12.56
Number of accumulation units outstanding at end of period	0	0	139	139	139	139	199	2,791	2,791

Empire Traditions

CFI 46

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Funds were first received in this option during December 2008)
Value at beginning of period	$11.58	$11.97	$10.89	$9.07	$8.72
Value at end of period	$12.79	$11.58	$11.97	$10.89	$9.07
Number of accumulation units outstanding at end of period	662	734	812	898	994
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.86	$11.32	$10.25	$8.43	$12.68	$12.60	$11.07	$10.87
Value at end of period	$12.21	$10.86	$11.32	$10.25	$8.43	$12.68	$12.60	$11.07
Number of accumulation units outstanding at end of period	0	0	146	147	147	557	714	568
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.85	$23.51	$19.92	$11.84	$24.76	$18.23	$13.68	$12.54
Value at end of period	$22.03	$18.85	$23.51	$19.92	$11.84	$24.76	$18.23	$13.68
Number of accumulation units outstanding at end of period	0	0	0	155	155	156	156	156
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.43	$16.45	$13.63	$11.06	$16.84	$16.77	$14.67	$13.78	$12.93
Value at end of period	$19.34	$16.43	$16.45	$13.63	$11.06	$16.84	$16.77	$14.67	$13.78
Number of accumulation units outstanding at end of period	0	0	1,270	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	$14.75	$15.24	$12.26	$9.81	$14.28	$14.81	$12.94	$12.72	$10.80
Value at end of period	$17.18	$14.75	$15.24	$12.26	$9.81	$14.28	$14.81	$12.94	$12.72
Number of accumulation units outstanding at end of period	0	0	0	0	0	2,622	2,940	2,941	2,941
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.67	$14.94	$15.23	$15.48	$15.40	$14.96	$14.56	$14.44	$14.57
Value at end of period	$14.39	$14.67	$14.94	$15.23	$15.48	$15.40	$14.96	$14.56	$14.44
Number of accumulation units outstanding at end of period	0	0	16,246	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	$11.57	$11.99	$10.20	$8.06	$13.77	$12.29	$11.94	$11.53
Value at end of period	$12.77	$11.57	$11.99	$10.20	$8.06	$13.77	$12.29	$11.94
Number of accumulation units outstanding at end of period	0	0	0	169	169	169	169	169
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$24.67	$24.75	$22.97	$19.86	$26.07	$25.55	$23.26	$23.04	$21.14
Value at end of period	$26.91	$24.67	$24.75	$22.97	$19.86	$26.07	$25.55	$23.26	$23.04
Number of accumulation units outstanding at end of period	312	346	383	1,409	1,431	1,166	1,440	1,350	472
ING MFS UTILITIES PORTFOLIO
(Funds were first received in this option during August 2010)
Value at beginning of period	$16.89	$16.18	$14.36
Value at end of period	$18.77	$16.89	$16.18
Number of accumulation units outstanding at end of period	0	0	659
ING MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during August 2010)
Value at beginning of period	$11.08	$11.39	$9.11
Value at end of period	$12.38	$11.08	$11.39
Number of accumulation units outstanding at end of period	0	0	974
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.23	$14.87	$13.26	$9.05	$11.91	$11.80	$11.04	$10.78	$10.00
Value at end of period	$17.04	$15.23	$14.87	$13.26	$9.05	$11.91	$11.80	$11.04	$10.78
Number of accumulation units outstanding at end of period	0	0	350	888	888	1,987	2,129	2,129	1,526
Empire Traditions		CFI 47

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING PIMCO TOTAL RETURN BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.46	$17.20	$16.28	$14.50	$14.18	$13.26	$12.96	$12.89	$12.53
Value at end of period	$18.63	$17.46	$17.20	$16.28	$14.50	$14.18	$13.26	$12.96	$12.89
Number of accumulation units outstanding at end of period	0	0	5,629	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	$10.77	$11.55	$9.98	$8.13	$12.39	$11.97	$10.86	$10.34
Value at end of period	$11.73	$10.77	$11.55	$9.98	$8.13	$12.39	$11.97	$10.86
Number of accumulation units outstanding at end of period	0	0	0	189	189	936	189	189
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.94	$10.25	$9.36	$9.21
Value at end of period	$11.01	$9.94	$10.25	$9.36
Number of accumulation units outstanding at end of period	0	0	0	10,212
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.61	$10.59	$9.85	$9.75
Value at end of period	$11.47	$10.61	$10.59	$9.85
Number of accumulation units outstanding at end of period	0	0	804	2,336
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.34	$15.99	$12.95	$11.55
Value at end of period	$17.38	$15.34	$15.99	$12.95
Number of accumulation units outstanding at end of period	0	0	0	124
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.01	$10.65	$8.61	$6.94	$10.03
Value at end of period	$11.38	$10.01	$10.65	$8.61	$6.94
Number of accumulation units outstanding at end of period	0	0	1,816	1,817	1,817
ING SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$14.91	$15.12	$11.67	$9.10	$14.18	$13.16	$12.96
Value at end of period	$16.81	$14.91	$15.12	$11.67	$9.10	$14.18	$13.16
Number of accumulation units outstanding at end of period	0	0	110	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	$13.26	$13.13	$11.74	$10.55
Value at end of period	$14.89	$13.26	$13.13	$11.74
Number of accumulation units outstanding at end of period	0	0	1,994	2,200
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$11.39	$11.72	$10.39	$8.47	$13.43	$13.28	$11.37	$11.12
Value at end of period	$13.10	$11.39	$11.72	$10.39	$8.47	$13.43	$13.28	$11.37
Number of accumulation units outstanding at end of period	0	0	140	491	492	893	1,046	906
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$11.43	$13.29	$11.91	$8.82	$17.81	$15.06	$12.38	$11.19
Value at end of period	$13.32	$11.43	$13.29	$11.91	$8.82	$17.81	$15.06	$12.38
Number of accumulation units outstanding at end of period	0	0	0	0	0	3,583	4,022	5,573
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$2.96	$4.83	$5.86	$4.52	$7.42	$7.98	$7.39	$8.17	$8.26
Value at end of period	$2.70	$2.96	$4.83	$5.86	$4.52	$7.42	$7.98	$7.39	$8.17
Number of accumulation units outstanding at end of period	0	0	1,990	1,991	1,990	1,992	1,992	1,990	2,621
Empire Traditions		CFI 48

	Condensed Financial Information (continued)
	Separate Account Annual Charges of 1.95%
	2012	2011	2010	2009	2008	2007	2006	2005	2004
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.60	$10.16	$9.44	$7.96	$10.11
Value at end of period	$10.35	$9.60	$10.16	$9.44	$7.96
Number of accumulation units outstanding at end of period	32,719	37,911	46,773	57,180	50,907
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.47	$13.55	$10.92	$8.91	$12.65	$13.25	$11.32	$11.11
Value at end of period	$13.60	$12.47	$13.55	$10.92	$8.91	$12.65	$13.25	$11.32
Number of accumulation units outstanding at end of period	2,164	8,306	8,332	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	$13.22	$13.87	$12.10	$9.11	$16.21	$14.09	$12.90	$11.28	$10.45
Value at end of period	$15.05	$13.22	$13.87	$12.10	$9.11	$16.21	$14.09	$12.90	$11.28
Number of accumulation units outstanding at end of period	126,526	152,218	168,501	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	$10.46	$10.59	$9.40	$7.38	$13.17	$13.26	$11.28	$10.89	$10.11
Value at end of period	$12.00	$10.46	$10.59	$9.40	$7.38	$13.17	$13.26	$11.28	$10.89
Number of accumulation units outstanding at end of period	5,347	12,807	15,433	17,999	18,282	16,244	13,861	13,897	1,969
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.41	$9.51	$8.66	$7.16	$10.01
Value at end of period	$10.66	$9.41	$9.51	$8.66	$7.16
Number of accumulation units outstanding at end of period	17,213	26,540	26,741	26,071	16,315
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.79	$15.24	$14.57	$10.44	$18.50	$15.81	$13.62	$11.49	$10.33
Value at end of period	$14.71	$12.79	$15.24	$14.57	$10.44	$18.50	$15.81	$13.62	$11.49
Number of accumulation units outstanding at end of period	75,665	96,929	101,276	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	$14.24	$15.43	$13.97	$10.69
Value at end of period	$15.79	$14.24	$15.43	$13.97
Number of accumulation units outstanding at end of period	1,899	1,709	1,434	1,520
ING BALANCED PORTFOLIO
Value at beginning of period	$9.52	$9.86	$8.84	$7.58	$10.78	$10.44
Value at end of period	$10.59	$9.52	$9.86	$8.84	$7.58	$10.78
Number of accumulation units outstanding at end of period	0	2,366	2,997	2,995	2,920	3,761
ING BARON GROWTH PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.23	$12.21	$9.84	$7.42	$12.89	$12.39	$10.96	$10.52
Value at end of period	$14.35	$12.23	$12.21	$9.84	$7.42	$12.89	$12.39	$10.96
Number of accumulation units outstanding at end of period	39,574	68,576	73,727	50,306	40,637	16,201	14,573	7,892
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.31	$11.99	$11.43	$9.70	$13.88	$13.04	$11.68	$10.78	$10.47
Value at end of period	$14.33	$12.31	$11.99	$11.43	$9.70	$13.88	$13.04	$11.68	$10.78
Number of accumulation units outstanding at end of period	14,070	16,899	17,952	19,643	20,618	12,131	3,811	4,500	497

Empire Traditions

CFI 49

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$11.98	$10.91	$10.54	$10.03
Value at end of period	$12.49	$11.98	$10.91	$10.54
Number of accumulation units outstanding at end of period	36,822	47,182	23,369	40,111
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.43	$10.81	$9.72	$7.61	$12.74	$12.17	$11.59	$10.87
Value at end of period	$11.70	$10.43	$10.81	$9.72	$7.61	$12.74	$12.17	$11.59
Number of accumulation units outstanding at end of period	16,464	14,120	11,023	10,345	8,468	5,474	192	194
ING BLACKROCK SCIENCE AND TECHNOLOGY OPPORTUNITIES
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.85	$11.23	$9.69	$6.48	$9.99
Value at end of period	$10.39	$9.85	$11.23	$9.69	$6.48
Number of accumulation units outstanding at end of period	36,207	49,983	50,067	31,724	37,329
ING BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.43	$10.07	$9.68	$8.80	$9.97
Value at end of period	$10.90	$10.43	$10.07	$9.68	$8.80
Number of accumulation units outstanding at end of period	81,355	82,295	81,850	94,555	69,464
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Funds were first received in this option during January 2007)
Value at beginning of period	$9.82	$10.57	$9.29	$7.10	$12.34	$13.90
Value at end of period	$12.09	$9.82	$10.57	$9.29	$7.10	$12.34
Number of accumulation units outstanding at end of period	9,133	14,439	19,258	23,035	23,106	7,893
ING CLARION REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$15.98	$14.89	$11.86	$8.90	$14.77	$18.31	$13.57	$11.85	$10.79
Value at end of period	$18.10	$15.98	$14.89	$11.86	$8.90	$14.77	$18.31	$13.57	$11.85
Number of accumulation units outstanding at end of period	10,439	15,659	24,724	28,196	24,967	24,476	11,307	9,696	1,991
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during August 2007)
Value at beginning of period	$9.37	$9.82	$7.99	$6.54	$10.11	$10.12
Value at end of period	$10.49	$9.37	$9.82	$7.99	$6.54	$10.11
Number of accumulation units outstanding at end of period	13,598	20,574	26,156	28,857	26,915	3,275
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$8.92	$9.54	$8.69	$6.73	$11.29	$11.06	$9.91
Value at end of period	$9.82	$8.92	$9.54	$8.69	$6.73	$11.29	$11.06
Number of accumulation units outstanding at end of period	23,671	31,064	29,057	41,819	46,883	11,531	6,897
ING DFA WORLD EQUITY PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$7.21	$8.10	$6.62	$5.54	$9.38
Value at end of period	$8.35	$7.21	$8.10	$6.62	$5.54
Number of accumulation units outstanding at end of period	6,819	544	545	4,248	353
ING EURO STOXX 50® INDEX PORTFOLIO
(Funds were first received in this option during October 2012)
Value at beginning of period	$7.75
Value at end of period	$8.46
Number of accumulation units outstanding at end of period	311

Empire Traditions

CFI 50

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.19	$15.11	$12.01	$8.80	$14.74	$13.14	$11.97	$11.45
Value at end of period	$14.83	$13.19	$15.11	$12.01	$8.80	$14.74	$13.14	$11.97
Number of accumulation units outstanding at end of period	14,464	21,590	29,340	34,153	32,504	12,281	5,700	5,245
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during October 2006)
Value at beginning of period	$10.95	$10.90	$9.84	$7.60	$10.96	$10.88	$10.51
Value at end of period	$12.09	$10.95	$10.90	$9.84	$7.60	$10.96	$10.88
Number of accumulation units outstanding at end of period	74,463	77,398	72,615	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	$9.54	$9.80	$8.96	$7.22	$11.84	$12.84
Value at end of period	$10.62	$9.54	$9.80	$8.96	$7.22	$11.84
Number of accumulation units outstanding at end of period	9,167	9,393	9,624	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	$8.11	$8.37	$7.71	$6.03	$9.57	$10.10
Value at end of period	$9.21	$8.11	$8.37	$7.71	$6.03	$9.57
Number of accumulation units outstanding at end of period	58,922	85,804	96,574	104,672	81,079	34,315
ING FTSE 100 INDEX® PORTFOLIO
(Funds were first received in this option during October 2012)
Value at beginning of period	$11.20
Value at end of period	$11.62
Number of accumulation units outstanding at end of period	215
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during February 2011)
Value at beginning of period	$8.81	$10.77
Value at end of period	$8.37	$8.81
Number of accumulation units outstanding at end of period	23,444	21,609
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during May 2005)
Value at beginning of period	$17.18	$19.29	$16.17	$11.99	$20.73	$15.87	$13.33	$11.21
Value at end of period	$16.37	$17.18	$19.29	$16.17	$11.99	$20.73	$15.87	$13.33
Number of accumulation units outstanding at end of period	39,579	40,094	46,662	49,247	47,914	10,111	1,770	291
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.52	$9.99
Value at end of period	$10.75	$9.52
Number of accumulation units outstanding at end of period	110,968	169,939
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during September 2008)
Value at beginning of period	$8.42	$8.63	$7.73	$6.06	$8.40
Value at end of period	$9.53	$8.42	$8.63	$7.73	$6.06
Number of accumulation units outstanding at end of period	20,588	39,984	23,713	25,334	146
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during May 2009)
Value at beginning of period	$10.89	$13.61	$12.91	$11.06
Value at end of period	$13.70	$10.89	$13.61	$12.91
Number of accumulation units outstanding at end of period	4,954	4,553	5,995	5,063
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.48	$10.73	$9.63	$7.98	$13.01	$12.66	$11.30	$10.96	$10.21
Value at end of period	$11.73	$10.48	$10.73	$9.63	$7.98	$13.01	$12.66	$11.30	$10.96
Number of accumulation units outstanding at end of period	2,434	8,080	8,859	9,150	12,041	11,820	10,617	9,284	2,182
Empire Traditions		CFI 51

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.41	$12.83	$10.77	$8.35	$13.68	$13.26	$12.39	$11.40	$10.26
Value at end of period	$14.28	$12.41	$12.83	$10.77	$8.35	$13.68	$13.26	$12.39	$11.40
Number of accumulation units outstanding at end of period	3,764	14,185	15,040	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	$11.64	$11.99	$9.99	$8.18	$12.58	$13.72	$12.33	$11.71	$10.46
Value at end of period	$12.80	$11.64	$11.99	$9.99	$8.18	$12.58	$13.72	$12.33	$11.71
Number of accumulation units outstanding at end of period	167	2,312	2,906	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	$11.71	$11.13	$10.37	$9.50	$10.61	$10.24	$10.06	$10.07
Value at end of period	$12.53	$11.71	$11.13	$10.37	$9.50	$10.61	$10.24	$10.06
Number of accumulation units outstanding at end of period	96,163	103,323	108,385	99,829	82,691	20,190	4,094	2,553
ING INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$6.84	$7.97	$7.55	$6.04	$9.52
Value at end of period	$7.95	$6.84	$7.97	$7.55	$6.04
Number of accumulation units outstanding at end of period	3,461	3,425	3,689	3,669	3,847
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.45	$10.89	$9.65	$7.65	$12.29	$12.83	$11.29	$11.13	$10.34
Value at end of period	$12.16	$10.45	$10.89	$9.65	$7.65	$12.29	$12.83	$11.29	$11.13
Number of accumulation units outstanding at end of period	25,010	37,020	50,759	64,213	56,759	45,110	31,012	20,154	43
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.54	$11.93	$10.86	$9.05	$12.07	$11.92	$10.82	$10.65
Value at end of period	$12.73	$11.54	$11.93	$10.86	$9.05	$12.07	$11.92	$10.82
Number of accumulation units outstanding at end of period	13,607	21,821	53,561	40,768	38,316	8,253	3,906	1,947
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.82	$11.28	$10.23	$8.42	$12.66	$12.59	$11.07	$10.67
Value at end of period	$12.16	$10.82	$11.28	$10.23	$8.42	$12.66	$12.59	$11.07
Number of accumulation units outstanding at end of period	3,949	5,496	5,890	4,153	3,694	3,633	4,060	406
ING JAPAN TOPIX INDEX® PORTFOLIO
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.28	$11.03
Value at end of period	$9.79	$9.28
Number of accumulation units outstanding at end of period	142	198
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.78	$23.44	$19.87	$11.81	$24.72	$18.21	$13.67	$10.50
Value at end of period	$21.93	$18.78	$23.44	$19.87	$11.81	$24.72	$18.21	$13.67
Number of accumulation units outstanding at end of period	34,448	40,623	36,289	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	$13.26	$13.28	$11.02	$8.94	$13.62	$13.58	$11.88	$11.17	$10.38
Value at end of period	$15.61	$13.26	$13.28	$11.02	$8.94	$13.62	$13.58	$11.88	$11.17
Number of accumulation units outstanding at end of period	3,789	7,710	8,253	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	$13.66	$14.12	$11.37	$9.10	$13.25	$13.75	$12.03	$11.83	$10.64
Value at end of period	$15.90	$13.66	$14.12	$11.37	$9.10	$13.25	$13.75	$12.03	$11.83
Number of accumulation units outstanding at end of period	20,119	28,072	15,769	20,343	19,353	19,463	17,788	19,006	38
Empire Traditions		CFI 52

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during May 2012)
Value at beginning of period	$9.66
Value at end of period	$10.28
Number of accumulation units outstanding at end of period	226,869
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Fund first available during May 2004)
Value at beginning of period	$14.49	$14.46	$12.90	$9.24	$13.01	$11.88	$11.48	$10.29
Value at end of period	$16.74	$14.49	$14.46	$12.90	$9.24	$13.01	$11.88	$11.48
Number of accumulation units outstanding at end of period	10,385	12,526	13,887	6,521	61	61	62	1,033
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.09	$10.29	$10.49	$10.67	$10.62	$10.32	$10.06	$9.98	$9.99
Value at end of period	$9.90	$10.09	$10.29	$10.49	$10.67	$10.62	$10.32	$10.06	$9.98
Number of accumulation units outstanding at end of period	191,589	158,353	158,086	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	$11.76	$12.20	$10.38	$8.21	$14.02	$12.53	$12.17	$11.40
Value at end of period	$12.97	$11.76	$12.20	$10.38	$8.21	$14.02	$12.53	$12.17
Number of accumulation units outstanding at end of period	6,160	11,833	21,415	12,003	10,198	11,550	12,535	10,016
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.44	$11.49	$10.67	$9.23	$12.12	$11.88	$10.83	$10.73	$10.07
Value at end of period	$12.47	$11.44	$11.49	$10.67	$9.23	$12.12	$11.88	$10.83	$10.73
Number of accumulation units outstanding at end of period	39,229	51,549	66,719	72,257	67,211	32,684	28,833	29,106	7,039
ING MFS UTILITIES PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$16.82	$16.12	$14.46	$11.11	$18.19	$14.56	$11.35	$11.14
Value at end of period	$18.68	$16.82	$16.12	$14.46	$11.11	$18.19	$14.56	$11.35
Number of accumulation units outstanding at end of period	15,843	18,447	28,376	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	$11.06	$11.37	$8.92	$6.45	$10.02
Value at end of period	$12.35	$11.06	$11.37	$8.92	$6.45
Number of accumulation units outstanding at end of period	28,453	28,404	6,956	18,595	14,490
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Fund first available during November 2005)
Value at beginning of period	$14.35	$13.42	$12.02	$9.51	$13.58	$12.62	$10.61	$10.34
Value at end of period	$16.29	$14.35	$13.42	$12.02	$9.51	$13.58	$12.62	$10.61
Number of accumulation units outstanding at end of period	10,221	20,980	22,613	29,844	26,358	22,318	6,966	5,004
ING OPPENHEIMER ACTIVE ALLOCATION PORTFOLIO
(Funds were first received in this option during November 2009)
Value at beginning of period	$13.97	$14.91	$13.33	$13.05
Value at end of period	$15.45	$13.97	$14.91	$13.33
Number of accumulation units outstanding at end of period	611	606	1,265	624
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS I)
(Fund first available during May 2003)
Value at beginning of period	$11.87	$13.17	$11.58	$8.46	$14.45	$13.83	$11.96	$10.06
Value at end of period	$14.16	$11.87	$13.17	$11.58	$8.46	$14.45	$13.83	$11.96
Number of accumulation units outstanding at end of period	0	1,604	1,611	1,622	1,672	1,694	1,731	1,796
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$12.66	$14.09	$12.41	$9.08	$15.57	$14.93	$12.95	$11.66	$11.42
Value at end of period	$15.06	$12.66	$14.09	$12.41	$9.08	$15.57	$14.93	$12.95	$11.66
Number of accumulation units outstanding at end of period	20,397	35,332	37,150	39,987	44,537	41,585	25,302	18,154	4
Empire Traditions		CFI 53

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.75	$14.41	$12.86	$8.78	$11.56	$11.46	$10.73	$10.49	$10.46
Value at end of period	$16.50	$14.75	$14.41	$12.86	$8.78	$11.56	$11.46	$10.73	$10.49
Number of accumulation units outstanding at end of period	33,652	44,744	48,884	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	$13.66	$13.46	$12.75	$11.36	$11.12	$10.41	$10.17	$10.12	$10.07
Value at end of period	$14.56	$13.66	$13.46	$12.75	$11.36	$11.12	$10.41	$10.17	$10.12
Number of accumulation units outstanding at end of period	274,977	303,458	354,262	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	$10.69	$11.42	$10.05	$8.26	$12.90	$12.52	$10.94	$10.11
Value at end of period	$11.56	$10.69	$11.42	$10.05	$8.26	$12.90	$12.52	$10.94
Number of accumulation units outstanding at end of period	1,650	1,617	544	542	504	483	55	102
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.72	$11.51	$9.96	$8.11	$12.37	$11.96	$10.86	$10.36
Value at end of period	$11.67	$10.72	$11.51	$9.96	$8.11	$12.37	$11.96	$10.86
Number of accumulation units outstanding at end of period	11,801	34,081	34,499	47,737	39,531	25,790	25,216	22,987
ING RETIREMENT CONSERVATIVE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.06	$8.78	$8.31	$8.25
Value at end of period	$9.59	$9.06	$8.78	$8.31
Number of accumulation units outstanding at end of period	13,478	28,048	23,372	1,552
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.92	$10.25	$9.36	$9.21
Value at end of period	$10.99	$9.92	$10.25	$9.36
Number of accumulation units outstanding at end of period	285,332	300,641	307,512	295,045
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.28	$10.47	$9.62	$9.49
Value at end of period	$11.24	$10.28	$10.47	$9.62
Number of accumulation units outstanding at end of period	219,716	254,232	375,200	393,638
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.59	$10.58	$9.85	$9.75
Value at end of period	$11.45	$10.59	$10.58	$9.85
Number of accumulation units outstanding at end of period	109,240	142,108	163,848	182,135
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.20	$13.94	$12.64	$10.83
Value at end of period	$15.91	$14.20	$13.94	$12.64
Number of accumulation units outstanding at end of period	943	1,666	2,004	3,015
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during February 2009)
Value at beginning of period	$8.90	$8.89	$8.09	$5.84
Value at end of period	$10.06	$8.90	$8.89	$8.09
Number of accumulation units outstanding at end of period	64,531	62,814	42,461	43,807
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.39	$13.58	$12.46	$10.63
Value at end of period	$15.22	$13.39	$13.58	$12.46
Number of accumulation units outstanding at end of period	3,006	3,993	2,833	2,795
Empire Traditions		CFI 54

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$15.32	$15.97	$12.94	$10.82
Value at end of period	$17.35	$15.32	$15.97	$12.94
Number of accumulation units outstanding at end of period	7,037	6,803	8,617	9,184
ING RUSSELLTM MID CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.84	$10.24	$8.36	$6.11	$10.11
Value at end of period	$11.25	$9.84	$10.24	$8.36	$6.11
Number of accumulation units outstanding at end of period	4,434	2,847	3,483	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	$9.99	$10.63	$8.60	$6.94	$10.21
Value at end of period	$11.35	$9.99	$10.63	$8.60	$6.94
Number of accumulation units outstanding at end of period	6,014	6,865	9,037	12,851	11,998
ING SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.85	$15.07	$11.64	$9.08	$14.16	$13.15	$11.94	$11.33
Value at end of period	$16.74	$14.85	$15.07	$11.64	$9.08	$14.16	$13.15	$11.94
Number of accumulation units outstanding at end of period	539	4,748	4,809	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	$10.31	$10.80	$8.88	$7.12	$10.18
Value at end of period	$11.55	$10.31	$10.80	$8.88	$7.12
Number of accumulation units outstanding at end of period	9,154	8,334	9,438	19,512	15,090
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.21	$13.09	$11.71	$8.96	$12.61	$12.32	$10.96	$10.65
Value at end of period	$14.82	$13.21	$13.09	$11.71	$8.96	$12.61	$12.32	$10.96
Number of accumulation units outstanding at end of period	115,995	139,740	155,345	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	$11.20	$11.52	$10.22	$8.34	$13.23	$13.09	$11.21	$11.02
Value at end of period	$12.87	$11.20	$11.52	$10.22	$8.34	$13.23	$13.09	$11.21
Number of accumulation units outstanding at end of period	23,534	33,977	29,183	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	$8.86	$9.16	$8.01	$5.73	$10.14	$10.39
Value at end of period	$10.30	$8.86	$9.16	$8.01	$5.73	$10.14
Number of accumulation units outstanding at end of period	37,703	37,932	33,557	25,388	6,525	422
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$11.39	$13.25	$11.88	$8.80	$17.78	$15.04	$12.37	$11.19
Value at end of period	$13.26	$11.39	$13.25	$11.88	$8.80	$17.78	$15.04	$12.37
Number of accumulation units outstanding at end of period	10,645	12,284	11,658	16,095	21,344	7,578	1,874	2,313
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during January 2007)
Value at beginning of period	$8.68	$10.09	$9.47	$7.33	$12.59	$11.15
Value at end of period	$10.10	$8.68	$10.09	$9.47	$7.33	$12.59
Number of accumulation units outstanding at end of period	35,231	28,697	41,310	29,542	24,304	4,263
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.30	$11.14	$10.55	$8.13	$13.75	$13.69	$11.79
Value at end of period	$12.30	$10.30	$11.14	$10.55	$8.13	$13.75	$13.69
Number of accumulation units outstanding at end of period	12,397	12,813	9,256	9,237	7,561	1,825	559
Empire Traditions		CFI 55

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING U.S. BOND INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$11.45	$10.92	$10.51	$10.16	$9.96
Value at end of period	$11.63	$11.45	$10.92	$10.51	$10.16
Number of accumulation units outstanding at end of period	9,095	17,563	18,039	11,669	1,075
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$10.58	$11.09	$10.00	$7.75	$13.18	$13.32	$11.88	$11.05
Value at end of period	$11.73	$10.58	$11.09	$10.00	$7.75	$13.18	$13.32	$11.88
Number of accumulation units outstanding at end of period	336	1,881	1,963	1,967	2,060	2,024	2,772	1,350
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$7.54	$8.00	$7.70	$6.05	$10.34
Value at end of period	$8.51	$7.54	$8.00	$7.70	$6.05
Number of accumulation units outstanding at end of period	41,007	41,415	47,074	43,491	10,049
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$9.94	$11.12	$11.05	$8.52	$15.52	$13.81	$11.99	$11.31	$10.57
Value at end of period	$11.36	$9.94	$11.12	$11.05	$8.52	$15.52	$13.81	$11.99	$11.31
Number of accumulation units outstanding at end of period	0	1,879	1,889	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	$3.40	$5.54	$6.73	$5.19	$8.54	$9.19	$8.51	$9.42	$9.62
Value at end of period	$3.10	$3.40	$5.54	$6.73	$5.19	$8.54	$9.19	$8.51	$9.42
Number of accumulation units outstanding at end of period	1,744	13,521	13,030	11,772	12,291	13,137	12,579	10,503	794
	Separate Account Annual Charges of 2.10%
	2012	2011	2010	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	$9.54	$10.11	$9.41	$7.95	$9.11
Value at end of period	$10.27	$9.54	$10.11	$9.41	$7.95
Number of accumulation units outstanding at end of period	2,212	2,564	2,613	3,273	2,087
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.07	$13.74	$12.00	$9.05	$16.13	$14.04	$12.87	$11.27	$11.03
Value at end of period	$14.86	$13.07	$13.74	$12.00	$9.05	$16.13	$14.04	$12.87	$11.27
Number of accumulation units outstanding at end of period	2,360	3,405	4,642	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	$10.34	$10.49	$9.32	$7.33	$13.10	$13.21	$11.25	$10.92
Value at end of period	$11.85	$10.34	$10.49	$9.32	$7.33	$13.10	$13.21	$11.25
Number of accumulation units outstanding at end of period	1,141	2,172	2,773	2,874	2,953	1,735	1,468	791
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.65	$15.09	$14.45	$10.37	$18.41	$15.75	$13.59	$11.59
Value at end of period	$14.52	$12.65	$15.09	$14.45	$10.37	$18.41	$15.75	$13.59
Number of accumulation units outstanding at end of period	4,978	6,517	8,400	7,563	7,898	8,465	4,059	885

Empire Traditions

CFI 56

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING AMERICAN FUNDS WORLD ALLOCATION PORTFOLIO
(Funds were first received in this option during February 2011)
Value at beginning of period	$14.18	$15.48
Value at end of period	$15.69	$14.18
Number of accumulation units outstanding at end of period	760	484
ING BARON GROWTH PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$12.11	$12.10	$9.77	$7.38	$12.83	$12.36	$11.57
Value at end of period	$14.19	$12.11	$12.10	$9.77	$7.38	$12.83	$12.36
Number of accumulation units outstanding at end of period	1,973	2,435	2,512	3,093	3,615	2,189	548
ING BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$12.18	$11.87	$11.33	$9.64	$8.71
Value at end of period	$14.15	$12.18	$11.87	$11.33	$9.64
Number of accumulation units outstanding at end of period	238	240	241	242	211
ING BLACKROCK INFLATION PROTECTED BOND PORTFOLIO
(Funds were first received in this option during June 2009)
Value at beginning of period	$11.93	$10.88	$10.53	$10.01
Value at end of period	$12.42	$11.93	$10.88	$10.53
Number of accumulation units outstanding at end of period	1,399	1,406	1,413	1,421
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.32	$10.71	$9.65	$7.57	$12.69	$13.12
Value at end of period	$11.57	$10.32	$10.71	$9.65	$7.57	$12.69
Number of accumulation units outstanding at end of period	3,808	3,858	3,940	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	$9.79	$11.18	$9.67	$6.47	$9.99
Value at end of period	$10.32	$9.79	$11.18	$9.67	$6.47
Number of accumulation units outstanding at end of period	3,450	3,389	3,398	3,161	1,455
ING BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.37	$10.02	$9.65	$8.79	$10.01
Value at end of period	$10.81	$10.37	$10.02	$9.65	$8.79
Number of accumulation units outstanding at end of period	8,113	8,089	9,127	8,877	5,198
ING CLARION GLOBAL REAL ESTATE PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$9.73	$10.50	$9.24	$7.08	$12.30	$14.45
Value at end of period	$11.97	$9.73	$10.50	$9.24	$7.08	$12.30
Number of accumulation units outstanding at end of period	3,534	3,770	3,776	3,831	4,154	1,411
ING CLARION REAL ESTATE PORTFOLIO
Value at beginning of period	$15.80	$14.74	$11.76	$8.84	$14.69	$18.25
Value at end of period	$17.88	$15.80	$14.74	$11.76	$8.84	$14.69
Number of accumulation units outstanding at end of period	276	482	485	536	551	545
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.29	$9.75	$7.95	$6.51	$10.09	$10.68
Value at end of period	$10.38	$9.29	$9.75	$7.95	$6.51	$10.09
Number of accumulation units outstanding at end of period	754	762	916	964	939	967
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Funds were first received in this option during February 2007)
Value at beginning of period	$8.84	$9.47	$8.63	$6.70	$11.26	$11.31
Value at end of period	$9.71	$8.84	$9.47	$8.63	$6.70	$11.26
Number of accumulation units outstanding at end of period	7,764	7,589	8,564	8,374	8,370	3,580
Empire Traditions		CFI 57

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$13.06	$14.98	$11.92	$8.75	$14.68	$14.13
Value at end of period	$14.66	$13.06	$14.98	$11.92	$8.75	$14.68
Number of accumulation units outstanding at end of period	1,857	1,739	1,682	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	$10.86	$10.82	$9.78	$7.57	$10.93	$11.46
Value at end of period	$11.97	$10.86	$10.82	$9.78	$7.57	$10.93
Number of accumulation units outstanding at end of period	3,516	1,823	2,028	976	267	15,862
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.47	$9.75	$8.93	$7.21	$11.83	$12.53
Value at end of period	$10.53	$9.47	$9.75	$8.93	$7.21	$11.83
Number of accumulation units outstanding at end of period	745	787	1,015	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	$8.05	$8.33	$7.68	$6.02	$9.56	$10.19
Value at end of period	$9.13	$8.05	$8.33	$7.68	$6.02	$9.56
Number of accumulation units outstanding at end of period	2,634	2,718	2,729	3,153	2,306	2,267
ING GLOBAL RESOURCES PORTFOLIO (CLASS ADV)
(Funds were first received in this option during March 2011)
Value at beginning of period	$8.80	$10.74
Value at end of period	$8.34	$8.80
Number of accumulation units outstanding at end of period	1,572	1,579
ING GLOBAL RESOURCES PORTFOLIO (CLASS S)
(Fund first available during February 2006)
Value at beginning of period	$17.01	$19.12	$16.06	$11.93	$20.65	$15.83	$13.98
Value at end of period	$16.18	$17.01	$19.12	$16.06	$11.93	$20.65	$15.83
Number of accumulation units outstanding at end of period	3,016	2,694	2,717	4,702	3,225	1,360	449
ING GROWTH AND INCOME PORTFOLIO (CLASS ADV)
(Funds were first received in this option during January 2011)
Value at beginning of period	$9.50	$9.99
Value at end of period	$10.72	$9.50
Number of accumulation units outstanding at end of period	13,402	13,995
ING GROWTH AND INCOME PORTFOLIO (CLASS S)
(Funds were first received in this option during August 2009)
Value at beginning of period	$8.36	$8.59	$7.71	$7.03
Value at end of period	$9.45	$8.36	$8.59	$7.71
Number of accumulation units outstanding at end of period	5,551	5,699	5,505	5,621
ING HANG SENG INDEX PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.84	$13.58	$12.90	$13.22
Value at end of period	$13.63	$10.84	$13.58	$12.90
Number of accumulation units outstanding at end of period	292	294	230	231
ING INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.37	$10.62	$9.55	$7.93	$12.94	$12.62	$11.65
Value at end of period	$11.58	$10.37	$10.62	$9.55	$7.93	$12.94	$12.62
Number of accumulation units outstanding at end of period	0	74	74	75	75	75	75
ING INDEX PLUS MIDCAP PORTFOLIO
Value at beginning of period	$12.27	$12.71	$10.68	$8.30	$13.61	$13.21
Value at end of period	$14.10	$12.27	$12.71	$10.68	$8.30	$13.61
Number of accumulation units outstanding at end of period	809	1,075	1,079	1,188	1,197	1,368
Empire Traditions		CFI 58

Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING INDEX PLUS SMALLCAP PORTFOLIO
Value at beginning of period	$11.51	$11.88	$9.90	$8.13	$12.51	$13.67
Value at end of period	$12.64	$11.51	$11.88	$9.90	$8.13	$12.51
Number of accumulation units outstanding at end of period	602	670	670	671	672	68
ING INTERMEDIATE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.60	$11.04	$10.29	$9.45	$10.57	$10.18
Value at end of period	$12.38	$11.60	$11.04	$10.29	$9.45	$10.57
Number of accumulation units outstanding at end of period	2,199	2,346	3,972	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	$6.80	$7.93	$7.53	$5.71
Value at end of period	$7.89	$6.80	$7.93	$7.53
Number of accumulation units outstanding at end of period	201	171	158	152
ING INVESCO VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.34	$10.78	$9.57	$7.60	$12.23	$12.78	$11.27	$11.05
Value at end of period	$12.01	$10.34	$10.78	$9.57	$7.60	$12.23	$12.78	$11.27
Number of accumulation units outstanding at end of period	3,348	4,434	5,345	5,419	5,449	5,434	3,025	797
ING INVESCO VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$11.42	$11.82	$10.78	$9.00	$12.02	$11.89	$10.81	$10.86
Value at end of period	$12.58	$11.42	$11.82	$10.78	$9.00	$12.02	$11.89	$10.81
Number of accumulation units outstanding at end of period	3,843	3,990	3,638	3,658	3,362	109	110	109
ING INVESCO VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.71	$11.18	$10.15	$8.37	$12.61	$12.56	$11.06	$10.78
Value at end of period	$12.01	$10.71	$11.18	$10.15	$8.37	$12.61	$12.56	$11.06
Number of accumulation units outstanding at end of period	1,614	1,753	1,785	891	201	203	728	170
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$18.59	$23.23	$19.73	$11.75	$24.62	$18.16	$14.54
Value at end of period	$21.68	$18.59	$23.23	$19.73	$11.75	$24.62	$18.16
Number of accumulation units outstanding at end of period	1,948	1,920	2,051	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	$13.51	$13.99	$11.27	$9.04	$13.19	$13.70	$12.00	$11.49
Value at end of period	$15.70	$13.51	$13.99	$11.27	$9.04	$13.19	$13.70	$12.00
Number of accumulation units outstanding at end of period	2,314	4,097	4,997	5,373	5,335	4,846	3,681	1,562
ING LARGE CAP GROWTH PORTFOLIO (CLASS ADV)
(Funds were first received in this option during July 2012)
Value at beginning of period	$9.83
Value at end of period	$10.27
Number of accumulation units outstanding at end of period	69,875
ING LARGE CAP GROWTH PORTFOLIO (CLASS S)
(Funds were first received in this option during March 2010)
Value at beginning of period	$14.33	$14.32	$13.08
Value at end of period	$16.53	$14.33	$14.32
Number of accumulation units outstanding at end of period	273	534	249
ING LARGE CAP VALUE PORTFOLIO
(Funds were first received in this option during March 2011)
Value at beginning of period	$9.99	$10.26
Value at end of period	$11.18	$9.99
Number of accumulation units outstanding at end of period	519	521
Empire Traditions		CFI 59

	Condensed Financial Information (continued)
	2012	2011	2010	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	$9.98	$10.19	$10.41	$10.60	$10.61
Value at end of period	$9.77	$9.98	$10.19	$10.41	$10.60
Number of accumulation units outstanding at end of period	1,340	1,347	1,354	2,840	19,925
ING MARSICO GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$11.63	$12.08	$10.29	$8.15	$13.95	$13.99
Value at end of period	$12.81	$11.63	$12.08	$10.29	$8.15	$13.95
Number of accumulation units outstanding at end of period	257	260	263	363	367	371
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.32	$11.38	$10.58	$9.17	$12.06	$11.84	$10.81	$10.70
Value at end of period	$12.32	$11.32	$11.38	$10.58	$9.17	$12.06	$11.84	$10.81
Number of accumulation units outstanding at end of period	5,388	6,774	7,456	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	$16.65	$15.98	$14.36	$11.05	$18.11	$14.53	$11.73
Value at end of period	$18.47	$16.65	$15.98	$14.36	$11.05	$18.11	$14.53
Number of accumulation units outstanding at end of period	3,461	3,515	2,919	2,850	3,369	2,890	535
ING MORGAN STANLEY GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during August 2011)
Value at beginning of period	$14.20	$14.71
Value at end of period	$16.10	$14.20
Number of accumulation units outstanding at end of period	456	457
ING OPPENHEIMER GLOBAL PORTFOLIO (CLASS S)
(Fund first available during May 2003)
Value at beginning of period	$12.52	$13.96	$12.31	$9.02	$15.49	$14.88	$12.92	$11.75
Value at end of period	$14.87	$12.52	$13.96	$12.31	$9.02	$15.49	$14.88	$12.92
Number of accumulation units outstanding at end of period	2,730	3,763	4,560	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	$14.59	$14.27	$12.76	$8.72	$11.50	$11.79
Value at end of period	$16.29	$14.59	$14.27	$12.76	$8.72	$11.50
Number of accumulation units outstanding at end of period	790	820	708	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	$13.51	$13.33	$12.64	$11.29	$11.06	$10.31
Value at end of period	$14.38	$13.51	$13.33	$12.64	$11.29	$11.06
Number of accumulation units outstanding at end of period	16,369	17,295	17,189	15,268	11,396	2,841
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.62	$11.41	$9.88	$8.07	$12.32	$11.93	$10.84	$10.82
Value at end of period	$11.54	$10.62	$11.41	$9.88	$8.07	$12.32	$11.93	$10.84
Number of accumulation units outstanding at end of period	340	2,309	3,478	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	$9.03	$8.77	$8.30	$8.24
Value at end of period	$9.54	$9.03	$8.77	$8.30
Number of accumulation units outstanding at end of period	396	336	311	299
ING RETIREMENT GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$9.89	$10.23	$9.36	$9.21
Value at end of period	$10.94	$9.89	$10.23	$9.36
Number of accumulation units outstanding at end of period	23,109	23,538	24,169	24,574
Empire Traditions		CFI 60

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING RETIREMENT MODERATE GROWTH PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.24	$10.45	$9.62	$9.49
Value at end of period	$11.19	$10.24	$10.45	$9.62
Number of accumulation units outstanding at end of period	9,246	9,436	9,791	9,766
ING RETIREMENT MODERATE PORTFOLIO
(Funds were first received in this option during October 2009)
Value at beginning of period	$10.56	$10.56	$9.85	$9.75
Value at end of period	$11.39	$10.56	$10.56	$9.85
Number of accumulation units outstanding at end of period	60,358	58,410	56,432	54,373
ING RUSSELLTM LARGE CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$14.14	$13.90	$12.62	$10.82
Value at end of period	$15.82	$14.14	$13.90	$12.62
Number of accumulation units outstanding at end of period	338	364	366	358
ING RUSSELLTM LARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$8.85	$8.85	$8.07	$6.90
Value at end of period	$9.99	$8.85	$8.85	$8.07
Number of accumulation units outstanding at end of period	4,223	4,558	4,591	4,733
ING RUSSELLTM LARGE CAP VALUE INDEX PORTFOLIO
(Funds were first received in this option during July 2009)
Value at beginning of period	$13.33	$13.54	$12.45	$10.62
Value at end of period	$15.13	$13.33	$13.54	$12.45
Number of accumulation units outstanding at end of period	756	774	778	552
ING RUSSELLTM MID CAP GROWTH INDEX PORTFOLIO
(Funds were first received in this option during August 2009)
Value at beginning of period	$15.25	$15.93	$12.93	$11.54
Value at end of period	$17.25	$15.25	$15.93	$12.93
Number of accumulation units outstanding at end of period	864	874	959	1,046
ING RUSSELLTM SMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.93	$10.59	$8.58	$6.93	$10.00
Value at end of period	$11.26	$9.93	$10.59	$8.58	$6.93
Number of accumulation units outstanding at end of period	0	0	0	0	665
ING SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.25	$10.76	$8.86	$7.11	$10.11
Value at end of period	$11.46	$10.25	$10.76	$8.86	$7.11
Number of accumulation units outstanding at end of period	853	820	909	618	383
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.07	$12.98	$11.62	$8.91	$12.56	$12.29	$10.95	$10.64
Value at end of period	$14.65	$13.07	$12.98	$11.62	$8.91	$12.56	$12.29	$10.95
Number of accumulation units outstanding at end of period	6,825	8,625	9,219	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	$11.07	$11.41	$10.14	$8.29	$13.16	$13.05	$11.19	$10.99
Value at end of period	$12.71	$11.07	$11.41	$10.14	$8.29	$13.16	$13.05	$11.19
Number of accumulation units outstanding at end of period	2,179	4,002	3,781	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	$8.80	$9.10	$7.98	$5.71	$10.12	$10.29
Value at end of period	$10.21	$8.80	$9.10	$7.98	$5.71	$10.12
Number of accumulation units outstanding at end of period	2,103	3,109	3,537	3,233	2,850	2,772
Empire Traditions		CFI 61

	Condensed Financial Information (continued)
	2012	2011	2010	2009	2008	2007	2006	2005	2004
ING T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$11.28	$13.14	$11.79	$8.75	$15.14
Value at end of period	$13.11	$11.28	$13.14	$11.79	$8.75
Number of accumulation units outstanding at end of period	206	217	230	243	892
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$8.61	$10.02	$9.42	$7.30	$12.55	$12.20
Value at end of period	$10.00	$8.61	$10.02	$9.42	$7.30	$12.55
Number of accumulation units outstanding at end of period	8,490	1,101	1,138	1,178	1,226	392
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.20	$11.05	$10.47	$8.09	$13.69	$14.69
Value at end of period	$12.16	$10.20	$11.05	$10.47	$8.09	$13.69
Number of accumulation units outstanding at end of period	1,862	1,867	1,868	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	$11.38	$10.87	$10.48	$10.15
Value at end of period	$11.54	$11.38	$10.87	$10.48
Number of accumulation units outstanding at end of period	282	240	222	213
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.46	$10.98	$9.92	$7.70	$13.12	$13.28	$12.17
Value at end of period	$11.58	$10.46	$10.98	$9.92	$7.70	$13.12	$13.28
Number of accumulation units outstanding at end of period	0	35	36	36	36	36	36
ING WISDOM TREESM GLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$7.49	$7.96	$7.68	$6.04	$9.65
Value at end of period	$8.44	$7.49	$7.96	$7.68	$6.04
Number of accumulation units outstanding at end of period	1,560	1,572	1,583	1,595	1,607

Empire Traditions

CFI 62

FINANCIAL STATEMENTS
ReliaStar Life Insurance Company of New York
Separate Account NY-B
Year Ended December 31, 2012
with Report of Independent Registered Public Accounting Firm

S-1 

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Contents
Report of Independent Registered Public Accounting Firm	1
Audited Financial Statements
Statements of Assets and Liabilities	2
Statements of Operations	25
Statements of Changes in Net Assets	50
Notes to Financial Statements	81

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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 financial statements of ReliaStar Life Insurance Company of New York
Separate Account NY-B (the “Account”), which comprise the statements of assets and liabilities of each of the
investment divisions disclosed in Note 1 as of December 31, 2012, and the related statements of operations
for the year or period then ended, and the statements of changes in net assets for the years or periods
ended December 31, 2012 and 2011.  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.

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, 2012, by correspondence with the transfer agents or
fund companies. 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 investment divisions disclosed in Note 1 constituting ReliaStar Life 

Insurance Company of New York Separate Account NY-B at December 31, 2012, the results of their 

operations for the year or period then ended, and the changes in their net assets for the years or periods 

ended December 31, 2012 and 2011, in conformity with U.S. generally accepted accounting principles. 

/s/ Ernst & Young LLP

Atlanta, Georgia
April 18, 2013

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2012

(Dollars in thousands)

	BlackRock
	Global	Columbia Small	Fidelity® VIP	Fidelity® VIP	Franklin Small
	Allocation V.I.	Cap Value	Equity-Income	Contrafund®	Cap Value
	Fund -	Fund, Variable	Portfolio -	Portfolio -	Securities
	Class III	Series - Class B	Service Class 2	Service Class 2	Fund - Class 2
Assets
Investments in mutual funds
at fair value	$ 17,017	$ 868	$ 4,974	$ 26,550	$ 973
Total assets	17,017	868	4,974	26,550	973
Liabilities
Payable to related parties	1		-	2	-
Total liabilities	1	-	-	2	-
Net assets	$ 17,016	$ 868	$ 4,974	$ 26,548	$ 973
Total number of mutual fund shares	1,186,697	56,543	253,524	1,021,168	53,360
Cost of mutual fund shares	$ 15,246	$ 976	$ 4,792	$ 21,325	$ 539

The accompanying notes are an integral part of these financial statements. 

2

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2012

(Dollars in thousands)

					ING American
			ING	ING	Funds
		ING	American	American Funds    International
	ING Balanced	Intermediate	Funds Asset	Global Growth	Growth and
	Portfolio -	Bond Portfolio -	Allocation	and Income	Income
	Class S	Class S	Portfolio	Portfolio	Portfolio
Assets
Investments in mutual funds
at fair value	$ 196	$ 20,911	$ 9,384	$ 108	$ 94
Total assets	196	20,911	9,384	108		94
Liabilities
Payable to related parties	-	1	-	-		-
Total liabilities	-	1	-	-		-
Net assets	$ 196	$ 20,910	$ 9,384	$ 108	$ 94
Total number of mutual fund shares	16,041	1,622,271	857,786	9,802	9,139
Cost of mutual fund shares	$ 165	$ 19,918	$ 7,113	$ 97	$ 91

The accompanying notes are an integral part of these financial statements. 

3

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2012

(Dollars in thousands)

				ING BlackRock
	ING	ING American         ING BlackRock		Inflation	ING BlackRock
	American	Funds World	Health Sciences	Protected	Large Cap
	Funds	Allocation	Opportunities	Bond	Growth
	International	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Portfolio	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 25,072	$ 1,801	$ 5,881	$ 13,100	$ 4,000
Total assets	25,072	1,801	5,881	13,100	4,000
Liabilities
Payable to related parties	2	-	-	-	-
Total liabilities	2	-	-	-	-
Net assets	$ 25,070	$ 1,801	$ 5,881	$ 13,100	$ 4,000
Total number of mutual fund shares	1,544,806	165,427	441,514	1,196,323	366,979
Cost of mutual fund shares	$ 24,811	$ 1,857	$ 4,689	$ 12,860	$ 3,236

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, 2012

(Dollars in thousands)

		ING Clarion			ING FMRSM
		Global Real	ING Clarion	ING DFA	Diversified
		Estate	Real Estate	World Equity	Mid Cap
	ING Bond	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Portfolio	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 15,258	$ 4,943	$ 4,539	$ 2,246	$ 7,910
Total assets	15,258	4,943	4,539	2,246	7,910
Liabilities
Payable to related parties	1	-	-	-	1
Total liabilities	1	-	-	-	1
Net assets	$ 15,257	$ 4,943	$ 4,539	$ 2,246	$ 7,909
Total number of mutual fund shares	1,457,313	444,904	167,239	254,078	514,329
Cost of mutual fund shares	$ 14,331	$ 3,319	$ 3,751	$ 2,011	$ 6,336

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, 2012

(Dollars in thousands)

			ING Franklin
			Templeton
	ING Franklin	ING Franklin	Founding	ING Global	ING Global
	Income	Mutual Shares	Strategy	Resources	Resources
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Adviser Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 16,787	$ 5,926	$ 12,626	$ 1,186	$ 9,923
Total assets	16,787	5,926	12,626	1,186	9,923
Liabilities
Payable to related parties	1	-	1	-	1
Total liabilities	1	-	1	-	1
Net assets	$ 16,786	$ 5,926	$ 12,625	$ 1,186	$ 9,922
Total number of mutual fund shares	1,628,239	687,520	1,401,369	65,206	530,050
Cost of mutual fund shares	$ 14,773	$ 5,081	$ 10,988	$ 1,276	$ 8,685

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, 2012

(Dollars in thousands)

ING
	ING Invesco	JPMorgan
	Van Kampen	Emerging	ING JPMorgan
	Growth and	Markets	Small Cap Core	ING Large Cap	ING Large Cap
	Income	Equity	Equity	Growth	Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Adviser Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 2,482	$ 17,439	$ 6,030	$ 46,398	$ 3,354
Total assets	2,482	17,439	6,030	46,398	3,354
Liabilities
Payable to related parties	-	1	-	3	-
Total liabilities	-	1	-	3	-
Net assets	$ 2,482	$ 17,438	$ 6,030	$ 46,395	$ 3,354
Total number of mutual fund shares	105,230	837,616	393,876	3,274,389	229,549
Cost of mutual fund shares	$ 1,996	$ 14,724	$ 4,881	$ 44,027	$ 2,938

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, 2012

(Dollars in thousands)

		ING Limited	ING Liquid	ING Marsico	ING MFS Total
	ING Large Cap      Maturity Bond		Assets	Growth	Return
	Value Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 951	$ 196	$ 22,813	$ 8,929	$ 9,607
Total assets	951	196	22,813	8,929	9,607
Liabilities
Payable to related parties	-	-	2	1	1
Total liabilities	-	-	2	1	1
Net assets	$ 951	$ 196	$ 22,811	$ 8,928	$ 9,606
Total number of mutual fund shares	104,040	19,195	22,813,226	474,169	595,967
Cost of mutual fund shares	$ 836	$ 202	$ 22,813	$ 7,694	$ 8,544

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, 2012

(Dollars in thousands)

		ING Morgan	ING
		Stanley	Oppenheimer
	ING MFS	Global	Active		ING PIMCO	ING PIMCO
	Utilities	Franchise	Allocation		High Yield	Total Return
	Portfolio -	Portfolio -	Portfolio -		Portfolio -	Bond Portfolio -
	Service Class	Service Class	Service Class		Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 13,189	$ 6,153	$ 714		$ 13,278	$ 55,485
Total assets	13,189	6,153		714	13,278	55,485
Liabilities
Payable to related parties	-	-		-	1	2
Total liabilities	-	-		-	1	2
Net assets	$ 13,189	$ 6,153	$ 714		$ 13,277	$ 55,483
Total number of mutual fund shares	879,241	374,260	63,721		1,249,087	4,544,211
Cost of mutual fund shares	$ 10,343	$ 5,162	$ 643		$ 12,561	$ 54,137

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, 2012

(Dollars in thousands)

					ING Retirement
		ING Pioneer	ING Retirement	ING Retirement	Moderate
	ING Pioneer	Mid Cap Value	Conservative	Growth	Growth
	Fund Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Adviser Class	Adviser Class	Adviser Class
Assets
Investments in mutual funds
at fair value	$ 328	$ 6,968	$ 14,680	$ 99,354	$ 77,637
Total assets	328	6,968	14,680	99,354	77,637
Liabilities
Payable to related parties	-	-	-	9	5
Total liabilities	-	-	-	9	5
Net assets	$ 328	$ 6,968	$ 14,680	$ 99,345	$ 77,632
Total number of mutual fund shares	28,645	616,078	1,548,513	8,800,178	6,756,903
Cost of mutual fund shares	$ 304	$ 5,771	$ 14,218	$ 82,035	$ 64,746

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, 2012

(Dollars in thousands)

				ING T. Rowe
		ING T. Rowe	ING T. Rowe	Price
	ING Retirement	Price Capital	Price Equity	International	ING Templeton
	Moderate	Appreciation	Income	Stock	Global Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Adviser Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 43,592	$ 37,718	$ 10,968	$ 5,439	$ 4,725
Total assets	43,592	37,718	10,968	5,439	4,725
Liabilities
Payable to related parties	2	2	-	-	-
Total liabilities	2	2	-	-	-
Net assets	$ 43,590	$ 37,716	$ 10,968	$ 5,439	$ 4,725
Total number of mutual fund shares	3,764,446	1,505,113	834,065	464,883	377,661
Cost of mutual fund shares	$ 37,693	$ 32,023	$ 8,663	$ 4,660	$ 4,731

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, 2012

(Dollars in thousands)

	ING American		ING Columbia
	Century Small-	ING Baron	Small Cap	ING Davis New	ING Global
	Mid Cap Value	Growth	Value II	York Venture	Bond
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 492	$ 13,110	$ 3,386	$ 8,830	$ 282
Total assets	492	13,110	3,386	8,830	282
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 492	$ 13,110	$ 3,386	$ 8,830	$ 282
Total number of mutual fund shares	40,905	565,579	295,473	470,949	24,557
Cost of mutual fund shares	$ 385	$ 8,344	$ 2,395	$ 6,787	$ 283

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, 2012

(Dollars in thousands)

				ING Invesco	ING
	ING Growth		ING Invesco	Van Kampen	JPMorgan
	and Income	ING Growth	Van Kampen	Equity and	Mid Cap
	Core	and Income	Comstock	Income	Value
	Portfolio -	Core Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Initial Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 2	$ 151	$ 4,285	$ 2,745	$ 3,700
Total assets	2	151	4,285	2,745	3,700
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 2	$ 151	$ 4,285	$ 2,745	$ 3,700
Total number of mutual fund shares	72	5,078	372,262	75,756	221,540
Cost of mutual fund shares	$ 2	$ 138	$ 3,552	$ 2,427	$ 2,846

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, 2012

(Dollars in thousands)

	ING		ING
	Oppenheimer		Oppenheimer	ING PIMCO	ING Solution	ING Solution
	Global		Global	Total Return	2015	2025
	Portfolio -		Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Initial Class		Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 95		$ 7,119	$ 227	$ 174	$ 1,241
Total assets		95	7,119	227	174	1,241
Liabilities
Payable to related parties		-	1	-	-	-
Total liabilities		-	1	-	-	-
Net assets	$ 95		$ 7,118	$ 227	$ 174	$ 1,241
Total number of mutual fund shares	6,290		486,586	18,604	15,313	106,822
Cost of mutual fund shares	$ 65		$ 6,628	$ 206	$ 155	$ 1,048

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, 2012

(Dollars in thousands)

				ING T. Rowe
				Price Diversified	ING T. Rowe
	ING Solution	ING Solution	ING Solution	Mid Cap	Price Growth
	2035	2045	Income	Growth	Equity
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 137	$ 21	$ 50	$ 1,478	$ 4,248
Total assets	137	21	50	1,478	4,248
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 137	$ 21	$ 50	$ 1,478	$ 4,248
Total number of mutual fund shares	11,480	1,730	4,509	171,908	67,308
Cost of mutual fund shares	$ 136	$ 22	$ 48	$ 1,025	$ 3,463

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, 2012

(Dollars in thousands)

		ING UBS U.S.	ING Strategic		ING Strategic		ING Strategic
	ING Templeton	Large Cap	Allocation		Allocation		Allocation
	Foreign Equity	Equity	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	$ 13,596	$ 386	$ -		$ 34		$ 34
Total assets	13,596	386	-			34	34
Liabilities
Payable to related parties	1	-		-		-	-
Total liabilities	1	-		-		-	-
Net assets	$ 13,595	$ 386	$ -		$ 34		$ 34
Total number of mutual fund shares	1,225,955	39,672	31		3,124		3,104
Cost of mutual fund shares	$ 11,673	$ 380	$ -		$ 26		$ 36

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, 2012

(Dollars in thousands)

	ING Growth	ING Growth	ING Growth
	and Income	and Income	and Income	ING GET U.S.	ING GET U.S.
	Portfolio -	Portfolio -	Portfolio -	Core Portfolio -	Core Portfolio -
	Class A	Class I	Class S	Series 11	Series 12
Assets
Investments in mutual funds
at fair value	$ 27,467	$ 702	$ 11,409	$ 208	$ 1
Total assets	27,467	702	11,409	208	1
Liabilities
Payable to related parties	2	-	1	-	-
Total liabilities	2	-	1	-	-
Net assets	$ 27,465	$ 702	$ 11,408	$ 208	$ 1
Total number of mutual fund shares	1,130,339	28,607	469,126	26,939	172
Cost of mutual fund shares	$ 25,162	$ 683	$ 9,651	$ 255	$ 1

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, 2012

(Dollars in thousands)

			ING BlackRock
			Science and
			Technology	ING Euro	ING FTSE 100
	ING GET U.S.	ING GET U.S.	Opportunities	STOXX 50®	Index®
	Core Portfolio -	Core Portfolio -	Portfolio -	Index Portfolio -	Portfolio -
	Series 13	Series 14	Class S	Class A	Class A
Assets
Investments in mutual funds
at fair value	$ 493	$ 4,668	$ 5,671	$ 84	$ 3
Total assets	493	4,668	5,671	84		3
Liabilities
Payable to related parties	-	1	-	-		-
Total liabilities	-	1	-	-		-
Net assets	$ 493	$ 4,667	$ 5,671	$ 84	$ 3
Total number of mutual fund shares	51,696	471,006	1,063,886	8,474	235
Cost of mutual fund shares	$ 502	$ 4,759	$ 6,041	$ 74	$ 3

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, 2012

(Dollars in thousands)

		ING Index	ING Index Plus	ING Index	ING
	ING Hang Seng	Plus LargeCap	MidCap	Plus SmallCap	International
	Index Portfolio -	Portfolio -	Portfolio -	Portfolio -	Index Portfolio -
	Class S	Class S	Class S	Class S	Class S
Assets
Investments in mutual funds
at fair value	$ 1,860	$ 2,845	$ 5,322	$ 4,383	$ 3,864
Total assets	1,860	2,845	5,322	4,383	3,864
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 1,860	$ 2,845	$ 5,322	$ 4,383	$ 3,864
Total number of mutual fund shares	131,076	186,651	303,087	286,093	459,439
Cost of mutual fund shares	$ 1,772	$ 2,881	$ 4,592	$ 4,162	$ 3,535

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, 2012

(Dollars in thousands)

		ING Russell™		ING Russell™	ING Russell™
	ING Japan	Large Cap	ING Russell™	Large Cap	Mid Cap
	TOPIX Index®	Growth Index	Large Cap	Value Index	Growth Index
	Portfolio -	Portfolio -	Index Portfolio -	Portfolio -	Portfolio -
	Class A	Class S	Class S	Class S	Class S
Assets
Investments in mutual funds
at fair value	$ 81	$ 1,667	$ 9,249	$ 1,690	$ 4,179
Total assets	81	1,667	9,249	1,690	4,179
Liabilities
Payable to related parties	-	-	1	-	-
Total liabilities	-	-	1	-	-
Net assets	$ 81	$ 1,667	$ 9,248	$ 1,690	$ 4,179
Total number of mutual fund shares	8,634	99,732	843,144	118,819	228,103
Cost of mutual fund shares	$ 81	$ 1,419	$ 7,617	$ 1,474	$ 2,816

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, 2012

(Dollars in thousands)

					ING
		ING Russell™			WisdomTreeSM
	ING Russell™	Small Cap	ING Small		Global High-
	Mid Cap Index	Index	Company	ING U.S. Bond	Yielding Equity
	Portfolio -	Portfolio -	Portfolio -	Index Portfolio -	Index Portfolio -
	Class S	Class S	Class S	Class S	Class S
Assets
Investments in mutual funds
at fair value	$ 2,585	$ 3,862	$ 2,575	$ 5,388	$ 3,849
Total assets	2,585	3,862	2,575	5,388	3,849
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 2,585	$ 3,862	$ 2,575	$ 5,388	$ 3,849
Total number of mutual fund shares	209,139	302,210	133,058	492,466	467,734
Cost of mutual fund shares	$ 2,075	$ 3,481	$ 1,984	$ 5,234	$ 3,270

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, 2012
	(Dollars in thousands)
				Legg Mason
				ClearBridge
				Variable		Legg Mason
	ING	ING MidCap	ING SmallCap	Large Cap		Variable
	International	Opportunities	Opportunities	Value		Lifestyle
	Value Portfolio -	Portfolio -	Portfolio -	Portfolio -		Allocation
	Class S	Class S	Class S	Class I		50%
Assets
Investments in mutual funds
at fair value	$ 501	$ 6,176	$ 740	$ 287	$ 1,094
Total assets	501	6,176	740	287		1,094
Liabilities
Payable to related parties	-	-	-	-		-
Total liabilities	-	-	-	-		-
Net assets	$ 501	$ 6,176	$ 740	$ 287	$ 1,094
Total number of mutual fund shares	60,004	491,368	34,198	18,594		86,976
Cost of mutual fund shares	$ 427	$ 4,494	$ 546	$ 307	$ 959

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, 2012

(Dollars in thousands)

				Oppenheimer
				Main Street	PIMCO Real
	Legg Mason	Legg Mason	Western Asset	Small- & Mid-	Return
	Variable	Variable	Variable High	Cap	Portfolio -
	Lifestyle	Lifestyle	Income	Fund®/VA -	Administrative
	Allocation 70%	Allocation 85%	Portfolio	Service Class	Class
Assets
Investments in mutual funds
at fair value	$ 432	$ 175	$ 226	$ 73	$ 1,139
Total assets	432	175	226	73	1,139
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 432	$ 175	$ 226	$ 73	$ 1,139
Total number of mutual fund shares	36,905	13,225	37,715	3,676	79,897
Cost of mutual fund shares	$ 340	$ 150	$ 230	$ 49	$ 1,163

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, 2012

(Dollars in thousands)

					Invesco Van
					Kampen
	Pioneer Equity				American
	Income VCT			ProFund VP	Franchise
	Portfolio -	ProFund VP	ProFund VP	Rising Rates	Fund - Class I
	Class II	Bull	Europe 30	Opportunity	Shares
Assets
Investments in mutual funds
at fair value	$ 1,560	$ 20	$ 25	$ 88	$ 115
Total assets	1,560	20	25	88	115
Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 1,560	$ 20	$ 25	$ 88	$ 115
Total number of mutual fund shares	72,200	694	1,141	12,571	3,171
Cost of mutual fund shares	$ 1,085	$ 20	$ 26	$ 181	$ 118

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 Operations

For the Year Ended December 31, 2012

(Dollars in thousands)

			Columbia
			Small Cap
		BlackRock	Value Fund,	Fidelity® VIP	Fidelity® VIP
	Invesco V.I.	Global	Variable	Equity-Income	Contrafund®
	Leisure Fund -	Allocation V.I.	Series -	Portfolio -	Portfolio -
	Series I Shares	Fund - Class III	Class B	Service Class 2	Service Class 2
Net investment income (loss)
Income:
Dividends	$ -	$ 248	$ 3	$ 142	$ 296
Total investment income	-	248	3	142	296
Expenses:
Mortality, expense risk
and other charges	1	270		68	389
Annual administrative charges	-	2	-	-	3
Contingent deferred sales charges	-	3	-	1	10
Other contract charges	-	126	8	32	183
Total expenses	1	401	22	101	585
Net investment income (loss)	(1)	(153)	(19)	41	(289)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	21	563	(31)	(354)	(479)
Capital gains distributions	-	56	41	324	-
Total realized gain (loss) on investments
and capital gains distributions	21	619	10	(30)	(479)
Net unrealized appreciation
(depreciation) of investments	5	764	80	682	4,221
Net realized and unrealized gain (loss)
on investments	26	1,383	90	652	3,742
Net increase (decrease) in net assets
resulting from operations	$ 25	$ 1,230	$ 71	$ 693	$ 3,453

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 Operations

For the Year Ended December 31, 2012

(Dollars in thousands)

	Franklin Small					ING American
	Cap Value			ING	ING American	Funds Global
	Securities	ING Balanced		Intermediate	Funds Asset	Growth and
	Fund -	Portfolio -		Bond Portfolio -	Allocation	Income
	Class 2	Class S		Class S	Portfolio	Portfolio
Net investment income (loss)
Income:
Dividends	$ 8	$ 6		$ 887	$ 124	$ 2
Total investment income	8		6	887	124		2
Expenses:
Mortality, expense risk
and other charges	11		3	296	142		3
Annual administrative charges	-		-	1	1		-
Contingent deferred sales charges	-		-	5	45		-
Other contract charges	5		1	140	64		1
Total expenses	16		4	442	252		4
Net investment income (loss)	(8)		2	445	(128)		(2)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	76		(3)	654	732		2
Capital gains distributions	-		-	-	24		-
Total realized gain (loss) on investments
and capital gains distributions	76		(3)	654	756		2
Net unrealized appreciation
(depreciation) of investments	79		22	220	540		20
Net realized and unrealized gain (loss)
on investments	155		19	874	1,296		22
Net increase (decrease) in net assets
resulting from operations	$ 147	$ 21		$ 1,319	$ 1,168	$ 20

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 Operations

For the Year Ended December 31, 2012

(Dollars in thousands)

		ING American
		Funds			ING American
		International		ING American	Funds World	ING Artio
	ING American	Growth and		Funds	Allocation	Foreign
	Funds Growth	Income		International	Portfolio -	Portfolio -
	Portfolio	Portfolio		Portfolio	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 33	$ -		$ 332	$ 27	$ 105
Total investment income	33		-	332	27	105
Expenses:
Mortality, expense risk
and other charges	412		-	369	29	70
Annual administrative charges	1		-	4	-	-
Contingent deferred sales charges	35		-	9	3	2
Other contract charges	216		-	188	15	46
Total expenses	664		-	570	47	118
Net investment income (loss)	(631)		-	(238)	(20)	(13)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(1,438)		-	(2,491)	16	(4,494)
Capital gains distributions	965		-	-	146	-
Total realized gain (loss) on investments
and capital gains distributions	(473)		-	(2,491)	162	(4,494)
Net unrealized appreciation
(depreciation) of investments	4,022		3	6,089	47	4,615
Net realized and unrealized gain (loss)
on investments	3,549		3	3,598	209	121
Net increase (decrease) in net assets
resulting from operations	$ 2,918	$ 3		$ 3,360	$ 189	$ 108

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 Operations

For the Year Ended December 31, 2012

(Dollars in thousands)

	ING BlackRock	ING BlackRock	ING BlackRock		ING Clarion
	Health Sciences	Inflation	Large Cap		Global Real
	Opportunities          Protected Bond		Growth		Estate
	Portfolio -	Portfolio -	Portfolio -	ING Bond	Portfolio -
	Service Class	Service Class	Service Class	Portfolio	Service Class
Net investment income (loss)
Income:
Dividends	$ 42	$ 96	$ 17	$ 416	$ 27
Total investment income	42	96	17	416	27
Expenses:
Mortality, expense risk
and other charges	94	195	54	226	70
Annual administrative charges	1	1	1	1	-
Contingent deferred sales charges	1	18	1	8	1
Other contract charges	52	99	28	107	35
Total expenses	148	313	84	342	106
Net investment income (loss)	(106)	(217)	(67)	74	(79)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	411	281	(8)	325	(67)
Capital gains distributions	89	738	-	408	-
Total realized gain (loss) on investments
and capital gains distributions	500	1,019	(8)	733	(67)
Net unrealized appreciation
(depreciation) of investments	452	(253)	450	(172)	1,185
Net realized and unrealized gain (loss)
on investments	952	766	442	561	1,118
Net increase (decrease) in net assets
resulting from operations	$ 846	$ 549	$ 375	$ 635	$ 1,039

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 Operations

For the Year Ended December 31, 2012

(Dollars in thousands)

	ING Clarion	ING DFA	ING FMRSM	ING Franklin	ING Franklin
	Real Estate	World Equity	Diversified Mid	Income	Mutual Shares
	Portfolio -	Portfolio -	Cap Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 45	$ 43	$ 49	$ 995	$ 89
Total investment income	45	43	49	995	89
Expenses:
Mortality, expense risk
and other charges	68	32	126	284	93
Annual administrative charges	1	-	1	2	1
Contingent deferred sales charges	1	1	2	92	1
Other contract charges	41	16	58	143	44
Total expenses	111	49	187	521	139
Net investment income (loss)	(66)	(6)	(138)	474	(50)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(201)	51	9	1,053	(148)
Capital gains distributions	-	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	(201)	51	9	1,053	(148)
Net unrealized appreciation
(depreciation) of investments	833	237	1,064	8	812
Net realized and unrealized gain (loss)
on investments	632	288	1,073	1,061	664
Net increase (decrease) in net assets
resulting from operations	$ 566	$ 282	$ 935	$ 1,535	$ 614

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, 2012

(Dollars in thousands)

	ING Franklin			ING Invesco
	Templeton			Van Kampen	ING JPMorgan
	Founding	ING Global	ING Global	Growth and	Emerging
	Strategy	Resources	Resources	Income	Markets Equity
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Adviser Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 468	$ 8	$ 83	$ 44	$ -
Total investment income	468	8	83	44	-
Expenses:
Mortality, expense risk
and other charges	197	18	171	37	250
Annual administrative charges	2	-	1	1	2
Contingent deferred sales charges	3	2	6	2	5
Other contract charges	102	10	86	16	138
Total expenses	304	30	264	56	395
Net investment income (loss)	164	(22)	(181)	(12)	(395)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(116)	(68)	(964)	122	(924)
Capital gains distributions	-	-	-	-	418
Total realized gain (loss) on investments
and capital gains distributions	(116)	(68)	(964)	122	(506)
Net unrealized appreciation
(depreciation) of investments	1,509	45	574	168	3,428
Net realized and unrealized gain (loss)
on investments	1,393	(23)	(390)	290	2,922
Net increase (decrease) in net assets
resulting from operations	$ 1,557	$ (45)	$ (571)	$ 278	$ 2,527

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, 2012

(Dollars in thousands)

	ING JPMorgan
	Small Cap Core	ING Large Cap	ING Large Cap	ING Large Cap	ING Limited
	Equity	Growth	Growth	Value	Maturity Bond
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Adviser Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 9	$ 3	$ 14	$ 22	$ 2
Total investment income	9	3	14	22	2
Expenses:
Mortality, expense risk
and other charges	84	324	54	12	3
Annual administrative charges	1	5	-	-	-
Contingent deferred sales charges	2	19	1	-	-
Other contract charges	47	172	26	8	-
Total expenses	134	520	81	20	3
Net investment income (loss)	(125)	(517)	(67)	2	(1)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(10)	129	217	17	(4)
Capital gains distributions	-	4	33	-	-
Total realized gain (loss) on investments
and capital gains distributions	(10)	133	250	17	(4)
Net unrealized appreciation
(depreciation) of investments	943	2,371	327	77	6
Net realized and unrealized gain (loss)
on investments	933	2,504	577	94	2
Net increase (decrease) in net assets
resulting from operations	$ 808	$ 1,987	$ 510	$ 96	$ 1

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, 2012

(Dollars in thousands)

					ING Morgan
	ING Liquid	ING Marsico	ING MFS Total	ING MFS	Stanley Global
	Assets	Growth	Return	Utilities	Franchise
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ -	$ 32	$ 240	$ 424	$ 102
Total investment income	-	32	240	424	102
Expenses:
Mortality, expense risk
and other charges	369	142	151	214	94
Annual administrative charges	5	1	2	1	1
Contingent deferred sales charges	29	3	4	3	1
Other contract charges	120	61	58	115	45
Total expenses	523	207	215	333	141
Net investment income (loss)	(523)	(175)	25	91	(39)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	-	165	(442)	(147)	264
Capital gains distributions	2	-	-	-	291
Total realized gain (loss) on investments
and capital gains distributions	2	165	(442)	(147)	555
Net unrealized appreciation
(depreciation) of investments	-	867	1,275	1,495	216
Net realized and unrealized gain (loss)
on investments	2	1,032	833	1,348	771
Net increase (decrease) in net assets
resulting from operations	$ (521)	$ 857	$ 858	$ 1,439	$ 732

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, 2012

(Dollars in thousands)

	ING
	Oppenheimer
	Active		ING PIMCO	ING PIMCO		ING Pioneer
	Allocation		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	$ 18		$ 827	$ 1,828	$ 4	$ 63
Total investment income		18	827	1,828	4	63
Expenses:
Mortality, expense risk
and other charges		11	210	856	6	101
Annual administrative charges		-	1	5	-	1
Contingent deferred sales charges		-	6	52	1	2
Other contract charges		4	116	382	3	56
Total expenses		15	333	1,295	10	160
Net investment income (loss)		3	494	533	(6)	(97)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments		15	297	473	10	(73)
Capital gains distributions		1	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions		16	297	473	10	(73)
Net unrealized appreciation
(depreciation) of investments		48	580	2,333	28	776
Net realized and unrealized gain (loss)
on investments		64	877	2,806	38	703
Net increase (decrease) in net assets
resulting from operations	$ 67		$ 1,371	$ 3,339	$ 32	$ 606

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, 2012

(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	$ 470	$ 2,359	$ 1,985	$ 1,456	$ 580
Total investment income	470	2,359	1,985	1,456	580
Expenses:
Mortality, expense risk
and other charges	242	1,528	1,175	711	526
Annual administrative charges	1	18	10	5	4
Contingent deferred sales charges	9	27	53	17	6
Other contract charges	112	901	596	319	283
Total expenses	364	2,474	1,834	1,052	819
Net investment income (loss)	106	(115)	151	404	(239)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	586	1,618	1,182	1,208	(377)
Capital gains distributions	200	-	-	-	1,029
Total realized gain (loss) on investments
and capital gains distributions	786	1,618	1,182	1,208	652
Net unrealized appreciation
(depreciation) of investments	(106)	8,150	5,396	1,762	3,567
Net realized and unrealized gain (loss)
on investments	680	9,768	6,578	2,970	4,219
Net increase (decrease) in net assets
resulting from operations	$ 786	$ 9,653	$ 6,729	$ 3,374	$ 3,980

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, 2012

(Dollars in thousands)

	ING T. Rowe	ING T. Rowe		ING American
	Price Equity	Price	ING Templeton	Century Small-	ING Baron
	Income	International	Global Growth           Mid Cap Value		Growth
	Portfolio -	Stock Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 210	$ 15	$ 85	$ 6	$ -
Total investment income	210	15	85	6	-
Expenses:
Mortality, expense risk
and other charges	153	89	68	6	192
Annual administrative charges	1	1	1	-	1
Contingent deferred sales charges	4	37	1	-	1
Other contract charges	73	41	42	3	100
Total expenses	231	168	112	9	294
Net investment income (loss)	(21)	(153)	(27)	(3)	(294)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	80	(908)	(194)	58	226
Capital gains distributions	-	-	-	36	-
Total realized gain (loss) on investments
and capital gains distributions	80	(908)	(194)	94	226
Net unrealized appreciation
(depreciation) of investments	1,307	1,906	1,009	(20)	2,106
Net realized and unrealized gain (loss)
on investments	1,387	998	815	74	2,332
Net increase (decrease) in net assets
resulting from operations	$ 1,366	$ 845	$ 788	$ 71	$ 2,038

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, 2012

(Dollars in thousands)

	ING Columbia			ING Growth
	Small Cap	ING Davis New		and Income		ING Growth
	Value II	York Venture	ING Global	Core		and Income
	Portfolio -	Portfolio -	Bond Portfolio -	Portfolio -		Core Portfolio -
	Service Class	Service Class	Service Class	Initial Class		Service Class
Net investment income (loss)
Income:
Dividends	$ 8	$ 24	$ 17	$ -		$ -
Total investment income	8	24	17		-	-
Expenses:
Mortality, expense risk
and other charges	54	133	3		-	2
Annual administrative charges	-	1	-		-	-
Contingent deferred sales charges	1	26	-		-	-
Other contract charges	30	68	2		-	1
Total expenses	85	228	5		-	3
Net investment income (loss)	(77)	(204)	12		-	(3)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	35	(62)	6		-	13
Capital gains distributions	-	-	-		-	-
Total realized gain (loss) on investments
and capital gains distributions	35	(62)	6		-	13
Net unrealized appreciation
(depreciation) of investments	411	1,031	(1)		-	1
Net realized and unrealized gain (loss)
on investments	446	969	5		-	14
Net increase (decrease) in net assets
resulting from operations	$ 369	$ 765	$ 17	$ -		$ 11

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, 2012

(Dollars in thousands)

		ING Invesco
	ING Invesco	Van Kampen		ING	ING
	Van Kampen	Equity and	ING JPMorgan	Oppenheimer	Oppenheimer
	Comstock	Income	Mid Cap Value	Global	Global
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Initial Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 52	$ 49	$ 25	$ 1	$ 74
Total investment income	52	49	25	1	74
Expenses:
Mortality, expense risk
and other charges	66	39	56	1	105
Annual administrative charges	1	-	-	-	1
Contingent deferred sales charges	9	1	3	-	10
Other contract charges	29	15	23	-	57
Total expenses	105	55	82	1	173
Net investment income (loss)	(53)	(6)	(57)	-	(99)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	289	155	602	(3)	(388)
Capital gains distributions	-	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	289	155	602	(3)	(388)
Net unrealized appreciation
(depreciation) of investments	338	107	68	21	1,662
Net realized and unrealized gain (loss)
on investments	627	262	670	18	1,274
Net increase (decrease) in net assets
resulting from operations	$ 574	$ 256	$ 613	$ 18	$ 1,175

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, 2012

(Dollars in thousands)

	ING PIMCO
	Total Return	ING Solution	ING Solution	ING Solution	ING Solution
	Portfolio -	2015 Portfolio -	2025 Portfolio -	2035 Portfolio -	2045 Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 7	$ 7	$ 32	$ 3	$ -
Total investment income	7	7	32	3	-
Expenses:
Mortality, expense risk
and other charges	2	2	13	2	-
Annual administrative charges	-	-	-	-	-
Contingent deferred sales charges	-	1	-	-	-
Other contract charges	1	1	7	1	-
Total expenses	3	4	20	3	-
Net investment income (loss)	4	3	12	-	-
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	1	25	(1)	-	-
Capital gains distributions	-	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	1	25	(1)	-	-
Net unrealized appreciation
(depreciation) of investments	10	(9)	116	16	3
Net realized and unrealized gain (loss)
on investments	11	16	115	16	3
Net increase (decrease) in net assets
resulting from operations	$ 15	$ 19	$ 127	$ 16	$ 3

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, 2012

(Dollars in thousands)

			ING T. Rowe
			Price	ING T. Rowe		ING UBS U.S.
	ING Solution		Diversified Mid	Price Growth	ING Templeton	Large Cap
	Income		Cap Growth	Equity	Foreign Equity	Equity
	Portfolio -		Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class		Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 2		$ 4	$ -	$ 184	$ 3
Total investment income		2	4	-	184		3
Expenses:
Mortality, expense risk
and other charges		1	16	58	136		6
Annual administrative charges		-	-	-	2		-
Contingent deferred sales charges		1	-	2	14		-
Other contract charges		-	9	29	74		3
Total expenses		2	25	89	226		9
Net investment income (loss)		-	(21)	(89)	(42)		(6)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments		12	53	231	(461)		-
Capital gains distributions		-	120	-	-		-
Total realized gain (loss) on investments
and capital gains distributions		12	173	231	(461)		-
Net unrealized appreciation
(depreciation) of investments		(6)	39	387	2,595		49
Net realized and unrealized gain (loss)
on investments		6	212	618	2,134		49
Net increase (decrease) in net assets
resulting from operations	$ 6		$ 191	$ 529	$ 2,092	$ 43

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, 2012

(Dollars in thousands)

	ING Strategic		ING Strategic		ING Strategic
	Allocation		Allocation		Allocation		ING Growth	ING Growth
	Conservative		Growth		Moderate		and Income	and Income
	Portfolio -		Portfolio -		Portfolio -		Portfolio -	Portfolio -
	Class S		Class S		Class S		Class A	Class I
Net investment income (loss)
Income:
Dividends	$ -		$ 1		$ 1		$ 379	$ 13
Total investment income		-		1		1	379	13
Expenses:
Mortality, expense risk
and other charges		-		1		-	427	16
Annual administrative charges		-		-		-	4	1
Contingent deferred sales charges		-		-		-	23	-
Other contract charges		-		-		-	224	-
Total expenses		-		1		-	678	17
Net investment income (loss)		-		-		1	(299)	(4)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments		-		6		-	232	(13)
Capital gains distributions		-		-		-	-	-
Total realized gain (loss) on investments
and capital gains distributions		-		6		-	232	(13)
Net unrealized appreciation
(depreciation) of investments		-		-		4	3,352	162
Net realized and unrealized gain (loss)
on investments		-		6		4	3,584	149
Net increase (decrease) in net assets
resulting from operations	$ -		$ 6		$ 5		$ 3,285	$ 145

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, 2012

(Dollars in thousands)

	ING Growth
	and Income	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Class S	Series 7	Series 8	Series 9	Series 10
Net investment income (loss)
Income:
Dividends	$ 179	$ 19	$ 6	$ 5	$ -
Total investment income	179	19	6	5	-
Expenses:
Mortality, expense risk
and other charges	172	5	3	3	-
Annual administrative charges	2	-	-	-	-
Contingent deferred sales charges	1	-	-	-	-
Other contract charges	85	-	-	-	-
Total expenses	260	5	3	3	-
Net investment income (loss)	(81)	14	3	2	-
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	403	(414)	(82)	(46)	-
Capital gains distributions	-	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	403	(414)	(82)	(46)	-
Net unrealized appreciation
(depreciation) of investments	1,079	397	74	40	-
Net realized and unrealized gain (loss)
on investments	1,482	(17)	(8)	(6)	-
Net increase (decrease) in net assets
resulting from operations	$ 1,401	$ (3)	$ (5)	$ (4)	$ -

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, 2012

(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	$ 4	$ -	$ 10	$ 172	$ -
Total investment income	4	-	10	172	-
Expenses:
Mortality, expense risk
and other charges	4	-	10	131	103
Annual administrative charges	-	-	-	2	1
Contingent deferred sales charges	-	-	-	5	2
Other contract charges	-	-	-	-	55
Total expenses	4	-	10	138	161
Net investment income (loss)	-	-	-	34	(161)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(1)	(2)	(1)	(50)	162
Capital gains distributions	-	-	-	-	384
Total realized gain (loss) on investments
and capital gains distributions	(1)	(2)	(1)	(50)	546
Net unrealized appreciation
(depreciation) of investments	(4)	2	(11)	(135)	(55)
Net realized and unrealized gain (loss)
on investments	(5)	-	(12)	(185)	491
Net increase (decrease) in net assets
resulting from operations	$ (5)	$ -	$ (12)	$ (151)	$ 330

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, 2012

(Dollars in thousands)

	ING Euro	ING FTSE 100			ING Index Plus	ING Index Plus
	STOXX 50®	Index®		ING Hang Seng	LargeCap	MidCap
	Index Portfolio -	Portfolio -		Index Portfolio -	Portfolio -	Portfolio -
	Class A	Class A		Class S	Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 2	$ -		$ 21	$ 40	$ 35
Total investment income	2		-	21	40	35
Expenses:
Mortality, expense risk
and other charges	1		-	33	44	79
Annual administrative charges	-		-	-	1	1
Contingent deferred sales charges	-		-	-	2	3
Other contract charges	1		1	21	23	46
Total expenses	2		1	54	70	129
Net investment income (loss)	-		(1)	(33)	(30)	(94)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(10)		-	-	(110)	(111)
Capital gains distributions	-		-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	(10)		-	-	(110)	(111)
Net unrealized appreciation
(depreciation) of investments	27		-	486	465	953
Net realized and unrealized gain (loss)
on investments	17		-	486	355	842
Net increase (decrease) in net assets
resulting from operations	$ 17	$ (1)		$ 453	$ 325	$ 748

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, 2012

(Dollars in thousands)

				ING Russell™	ING Russell™
	ING Index Plus	ING	ING Japan	Large Cap	Large Cap
	SmallCap	International	TOPIX Index®           Growth Index		Index
	Portfolio -	Index Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Class S	Class S	Class A	Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 14	$ 90	$ 1	$ 16	$ 188
Total investment income	14	90	1	16	188
Expenses:
Mortality, expense risk
and other charges	69	49	1	25	131
Annual administrative charges	1	-	-	-	1
Contingent deferred sales charges	2	-	-	3	5
Other contract charges	40	24	-	14	59
Total expenses	112	73	1	42	196
Net investment income (loss)	(98)	17	-	(26)	(8)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(142)	31	(17)	124	470
Capital gains distributions	-	-	5	-	-
Total realized gain (loss) on investments
and capital gains distributions	(142)	31	(12)	124	470
Net unrealized appreciation
(depreciation) of investments	657	483	17	89	562
Net realized and unrealized gain (loss)
on investments	515	514	5	213	1,032
Net increase (decrease) in net assets
resulting from operations	$ 417	$ 531	$ 5	$ 187	$ 1,024

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, 2012

(Dollars in thousands)

	ING Russell™	ING Russell™		ING Russell™
	Large Cap	Mid Cap	ING Russell™	Small Cap		ING Small
	Value Index	Growth Index	Mid Cap Index	Index		Company
	Portfolio -	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	Class S	Class S	Class S	Class S		Class S
Net investment income (loss)
Income:
Dividends	$ 29	$ 14	$ 23	$ 25		$ 4
Total investment income	29	14	23		25	4
Expenses:
Mortality, expense risk
and other charges	24	63	37		62	33
Annual administrative charges	-	1	-		-	-
Contingent deferred sales charges	2	-	1		1	-
Other contract charges	11	32	18		35	18
Total expenses	37	96	56		98	51
Net investment income (loss)	(8)	(82)	(33)		(73)	(47)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	69	187	261		245	89
Capital gains distributions	-	-	89		192	94
Total realized gain (loss) on investments
and capital gains distributions	69	187	350		437	183
Net unrealized appreciation
(depreciation) of investments	142	403	12		92	153
Net realized and unrealized gain (loss)
on investments	211	590	362		529	336
Net increase (decrease) in net assets
resulting from operations	$ 203	$ 508	$ 329	$ 456		$ 289

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, 2012

(Dollars in thousands)

		ING
		WisdomTreeSM	ING
	ING U.S. Bond	Global High-	International		ING MidCap	ING SmallCap
	Index	Yielding Equity	Value		Opportunities	Opportunities
	Portfolio -	Index Portfolio -	Portfolio -		Portfolio -	Portfolio -
	Class S	Class S	Class S		Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 112	$ 151	$ 12		$ 25	$ -
Total investment income	112	151		12	25	-
Expenses:
Mortality, expense risk
and other charges	81	58		6	87	11
Annual administrative charges	-	1		-	1	-
Contingent deferred sales charges	1	2		-	1	-
Other contract charges	42	28		3	40	5
Total expenses	124	89		9	129	16
Net investment income (loss)	(12)	62		3	(104)	(16)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	94	171		(43)	229	30
Capital gains distributions	131	-		-	161	81
Total realized gain (loss) on investments
and capital gains distributions	225	171		(43)	390	111
Net unrealized appreciation
(depreciation) of investments	(142)	216		117	359	(1)
Net realized and unrealized gain (loss)
on investments	83	387		74	749	110
Net increase (decrease) in net assets
resulting from operations	$ 71	$ 449	$ 77		$ 645	$ 94

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, 2012

(Dollars in thousands)

			Legg Mason
	Legg Mason		Global Currents
	ClearBridge		Variable
	Variable Large		International	Legg Mason	Legg Mason	Legg Mason
	Cap Value		All Cap	Variable	Variable	Variable
	Portfolio -		Opportunity	Lifestyle	Lifestyle	Lifestyle
	Class I		Portfolio	Allocation 50%	Allocation 70%	Allocation 85%
Net investment income (loss)
Income:
Dividends	$ 6		$ -	$ 29	$ 11	$ 3
Total investment income		6	-	29	11	3
Expenses:
Mortality, expense risk
and other charges		4	-	15	7	3
Annual administrative charges		-	-	-	1	-
Contingent deferred sales charges		-	-	-	-	-
Other contract charges		-	-	-	-	-
Total expenses		4	-	15	8	3
Net investment income (loss)		2	-	14	3	-
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments		(7)	(37)	25	47	7
Capital gains distributions		-	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions		(7)	(37)	25	47	7
Net unrealized appreciation
(depreciation) of investments		47	42	81	9	18
Net realized and unrealized gain (loss)
on investments		40	5	106	56	25
Net increase (decrease) in net assets
resulting from operations	$ 42		$ 5	$ 120	$ 59	$ 25

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, 2012

(Dollars in thousands)

			Oppenheimer
			Main Street		PIMCO Real
	Western Asset		Small- & Mid-		Return		Pioneer Equity
	Variable High		Cap		Portfolio -		Income VCT
	Income		Fund®/VA -		Administrative		Portfolio -	ProFund VP
	Portfolio		Service Class		Class		Class II	Bull
Net investment income (loss)
Income:
Dividends	$ 18		$ -		$ 19		$ 60	$ -
Total investment income		18		-		19	60	-
Expenses:
Mortality, expense risk
and other charges		3		1		20	18	-
Annual administrative charges		-		-		-	-	-
Contingent deferred sales charges		-		-		-	-	-
Other contract charges		-		-		13	9	-
Total expenses		3		1		33	27	-
Net investment income (loss)		15		(1)		(14)	33	-
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments		-		-		72	15	-
Capital gains distributions		-		-		60	-	-
Total realized gain (loss) on investments
and capital gains distributions		-		-		132	15	-
Net unrealized appreciation
(depreciation) of investments		17		11		4	80	4
Net realized and unrealized gain (loss)
on investments		17		11		136	95	4
Net increase (decrease) in net assets
resulting from operations	$ 32		$ 10		$ 122		$ 128	$ 4

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, 2012

(Dollars in thousands)

			Invesco Van
			Kampen
			American
		ProFund VP	Franchise
	ProFund VP	Rising Rates	Fund - Class I
	Europe 30	Opportunity	Shares
Net investment income (loss)
Income:
Dividends	$ 1	$ -	$ -
Total investment income	1	-	-
Expenses:
Mortality, expense risk
and other charges	1	2	1
Annual administrative charges	-	-	-
Contingent deferred sales charges	-	-	-
Other contract charges	-	-	-
Total expenses	1	2	1
Net investment income (loss)	-	(2)	(1)
Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(11)	(39)	(1)
Capital gains distributions	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	(11)	(39)	(1)
Net unrealized appreciation
(depreciation) of investments	15	33	(3)
Net realized and unrealized gain (loss)
on investments	4	(6)	(4)
Net increase (decrease) in net assets
resulting from operations	$ 4	$ (8)	$ (5)

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

		BlackRock	Columbia Small	Fidelity® VIP
	Invesco 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, 2011	$ 167	$ 17,724	$ 1,066	$ 6,421
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(3)	(7)	(16)	5
Total realized gain (loss) on investments
and capital gains distributions	(23)	744	91	(607)
Net unrealized appreciation (depreciation)
of investments	18	(1,781)	(157)	483
Net increase (decrease) in net assets from operations	(8)	(1,044)	(82)	(119)
Changes from principal transactions:
Premiums	2	339	1	3
Death Benefits	(8)	(71)	-	(34)
Surrenders and withdrawals	(32)	(663)	(49)	(397)
Transfers between Divisions
(including fixed account), net	(2)	714	(61)	(827)
Increase (decrease) in net assets derived from
principal transactions	(40)	319	(109)	(1,255)
Total increase (decrease) in net assets	(48)	(725)	(191)	(1,374)
Net assets at December 31, 2011	119	16,999	875	5,047
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(153)	(19)	41
Total realized gain (loss) on investments
and capital gains distributions	21	619	10	(30)
Net unrealized appreciation (depreciation)
of investments	5	764	80	682
Net increase (decrease) in net assets from operations	25	1,230	71	693
Changes from principal transactions:
Premiums	-	94	-	3
Death Benefits	-	(10)	-	(19)
Surrenders and withdrawals	(3)	(1,000)	(68)	(289)
Transfers between Divisions
(including fixed account), net	(141)	(297)	(10)	(461)
Increase (decrease) in net assets derived from
principal transactions	(144)	(1,213)	(78)	(766)
Total increase (decrease) in net assets	(119)	17	(7)	(73)
Net assets at December 31, 2012	$ -	$ 17,016	$ 868	$ 4,974

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(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, 2011	$ 30,694	$ 1,347	$ 239	$ 21,854
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(407)	(12)	2	381
Total realized gain (loss) on investments
and capital gains distributions	(1,837)	78	(5)	150
Net unrealized appreciation (depreciation)
of investments	802	(127)	(3)	489
Net increase (decrease) in net assets from operations	(1,442)	(61)	(6)	1,020
Changes from principal transactions:
Premiums	24	10	-	112
Death Benefits	(167)	(11)	-	(209)
Surrenders and withdrawals	(1,463)	(206)	-	(2,032)
Transfers between Divisions
(including fixed account), net	(1,643)	(93)	(23)	(1,095)
Increase (decrease) in net assets derived from
principal transactions	(3,249)	(300)	(23)	(3,224)
Total increase (decrease) in net assets	(4,691)	(361)	(29)	(2,204)
Net assets at December 31, 2011	26,003	986	210	19,650
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(289)	(8)	2	445
Total realized gain (loss) on investments
and capital gains distributions	(479)	76	(3)	654
Net unrealized appreciation (depreciation)
of investments	4,221	79	22	220
Net increase (decrease) in net assets from operations	3,453	147	21	1,319
Changes from principal transactions:
Premiums	17	-	-	192
Death Benefits	(333)	-	-	(130)
Surrenders and withdrawals	(1,372)	(38)	(13)	(2,410)
Transfers between Divisions
(including fixed account), net	(1,220)	(122)	(22)	2,289
Increase (decrease) in net assets derived from
principal transactions	(2,908)	(160)	(35)	(59)
Total increase (decrease) in net assets	545	(13)	(14)	1,260
Net assets at December 31, 2012	$ 26,548	$ 973	$ 196	$ 20,910

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

				ING American
		ING American		Funds
	ING American	Funds Global		International
	Funds Asset	Growth and	ING American	Growth and
	Allocation	Income	Funds Growth	Income
	Portfolio	Portfolio	Portfolio	Portfolio
Net assets at January 1, 2011	$ 9,182	$ -	$ 54,417	$ -
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(82)	(4)	(1,133)		-
Total realized gain (loss) on investments
and capital gains distributions	63	(2)	(1,420)		(1)
Net unrealized appreciation (depreciation)
of investments	(73)	(9)	(1,032)		-
Net increase (decrease) in net assets from operations	(92)	(15)	(3,585)		(1)
Changes from principal transactions:
Premiums	49	131	434		5
Death Benefits	-	(41)	(504)		-
Surrenders and withdrawals	(517)	(5)	(2,441)		(1)
Transfers between Divisions
(including fixed account), net	1,453	182	(1,577)		16
Increase (decrease) in net assets derived from
principal transactions	985	267	(4,088)		20
Total increase (decrease) in net assets	893	252	(7,673)		19
Net assets at December 31, 2011	10,075	252	46,744		19
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(128)	(2)	(631)		-
Total realized gain (loss) on investments
and capital gains distributions	756	2	(473)		-
Net unrealized appreciation (depreciation)
of investments	540	20	4,022		3
Net increase (decrease) in net assets from operations	1,168	20	2,918		3
Changes from principal transactions:
Premiums	(5)	(1)	93		2
Death Benefits	(50)	-	(121)		-
Surrenders and withdrawals	(1,803)	(40)	(1,939)		(1)
Transfers between Divisions
(including fixed account), net	(1)	(123)	(47,695)		71
Increase (decrease) in net assets derived from
principal transactions	(1,859)	(164)	(49,662)		72
Total increase (decrease) in net assets	(691)	(144)	(46,744)		75
Net assets at December 31, 2012	$ 9,384	$ 108	$ -	$ 94

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

		ING American		ING BlackRock
	ING American	Funds World	ING Artio	Health Sciences
	Funds	Allocation	Foreign	Opportunities
	International	Portfolio -	Portfolio -	Portfolio -
	Portfolio	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 32,277	$ 1,482	$ 11,467	$ 5,066
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(193)	(34)	(51)	(121)
Total realized gain (loss) on investments
and capital gains distributions	(2,633)	117	(996)	159
Net unrealized appreciation (depreciation)
of investments	(2,065)	(262)	(1,489)	27
Net increase (decrease) in net assets from operations	(4,891)	(179)	(2,536)	65
Changes from principal transactions:
Premiums	232	24	45	113
Death Benefits	(377)	-	(129)	(103)
Surrenders and withdrawals	(1,651)	(203)	(359)	(419)
Transfers between Divisions
(including fixed account), net	(1,393)	847	(589)	950
Increase (decrease) in net assets derived from
principal transactions	(3,189)	668	(1,032)	541
Total increase (decrease) in net assets	(8,080)	489	(3,568)	606
Net assets at December 31, 2011	24,197	1,971	7,899	5,672
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(238)	(20)	(13)	(106)
Total realized gain (loss) on investments
and capital gains distributions	(2,491)	162	(4,494)	500
Net unrealized appreciation (depreciation)
of investments	6,089	47	4,615	452
Net increase (decrease) in net assets from operations	3,360	189	108	846
Changes from principal transactions:
Premiums	127	2	5	9
Death Benefits	(150)	(43)	(56)	(70)
Surrenders and withdrawals	(1,338)	(205)	(92)	(399)
Transfers between Divisions
(including fixed account), net	(1,126)	(113)	(7,864)	(177)
Increase (decrease) in net assets derived from
principal transactions	(2,487)	(359)	(8,007)	(637)
Total increase (decrease) in net assets	873	(170)	(7,899)	209
Net assets at December 31, 2012	$ 25,070	$ 1,801	$ -	$ 5,881

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING BlackRock	ING BlackRock		ING Clarion
	Inflation	Large Cap		Global Real
	Protected Bond	Growth		Estate
	Portfolio -	Portfolio -	ING Bond	Portfolio -
	Service Class	Service Class	Portfolio	Service Class
Net assets at January 1, 2011	$ 8,943	$ 3,365	$ 18,178	$ 6,341
Increase (decrease) in net assets
Operations:
Net investment income (loss)	12	(64)	61	72
Total realized gain (loss) on investments
and capital gains distributions	654	(64)	624	(341)
Net unrealized appreciation (depreciation)
of investments	389	(17)	(185)	(114)
Net increase (decrease) in net assets from operations	1,055	(145)	500	(383)
Changes from principal transactions:
Premiums	52	66	158	2
Death Benefits	(69)	-	(18)	(32)
Surrenders and withdrawals	(1,522)	(139)	(817)	(707)
Transfers between Divisions
(including fixed account), net	5,914	117	(2,659)	(392)
Increase (decrease) in net assets derived from
principal transactions	4,375	44	(3,336)	(1,129)
Total increase (decrease) in net assets	5,430	(101)	(2,836)	(1,512)
Net assets at December 31, 2011	14,373	3,264	15,342	4,829
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(217)	(67)	74	(79)
Total realized gain (loss) on investments
and capital gains distributions	1,019	(8)	733	(67)
Net unrealized appreciation (depreciation)
of investments	(253)	450	(172)	1,185
Net increase (decrease) in net assets from operations	549	375	635	1,039
Changes from principal transactions:
Premiums	44	52	93	8
Death Benefits	(119)	(25)	(126)	(26)
Surrenders and withdrawals	(4,147)	(132)	(1,463)	(295)
Transfers between Divisions
(including fixed account), net	2,400	466	776	(612)
Increase (decrease) in net assets derived from
principal transactions	(1,822)	361	(720)	(925)
Total increase (decrease) in net assets	(1,273)	736	(85)	114
Net assets at December 31, 2012	$ 13,100	$ 4,000	$ 15,257	$ 4,943

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING Clarion	ING DFA	ING FMRSM	ING Franklin
	Real Estate	World Equity	Diversified Mid	Income
	Portfolio -	Portfolio -	Cap Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 4,904	$ 2,066	$ 9,942	$ 17,648
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(55)	(3)	(192)	467
Total realized gain (loss) on investments
and capital gains distributions	(458)	(63)	(49)	14
Net unrealized appreciation (depreciation)
of investments	830	(181)	(979)	(446)
Net increase (decrease) in net assets from operations	317	(247)	(1,220)	35
Changes from principal transactions:
Premiums	6	39	55	51
Death Benefits	(15)	(63)	(28)	-
Surrenders and withdrawals	(331)	(174)	(804)	(1,779)
Transfers between Divisions
(including fixed account), net	(276)	257	143	2,461
Increase (decrease) in net assets derived from
principal transactions	(616)	59	(634)	733
Total increase (decrease) in net assets	(299)	(188)	(1,854)	768
Net assets at December 31, 2011	4,605	1,878	8,088	18,416
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(66)	(6)	(138)	474
Total realized gain (loss) on investments
and capital gains distributions	(201)	51	9	1,053
Net unrealized appreciation (depreciation)
of investments	833	237	1,064	8
Net increase (decrease) in net assets from operations	566	282	935	1,535
Changes from principal transactions:
Premiums	7	14	59	41
Death Benefits	(44)	(30)	(230)	(129)
Surrenders and withdrawals	(270)	(158)	(316)	(3,167)
Transfers between Divisions
(including fixed account), net	(325)	260	(627)	90
Increase (decrease) in net assets derived from
principal transactions	(632)	86	(1,114)	(3,165)
Total increase (decrease) in net assets	(66)	368	(179)	(1,630)
Net assets at December 31, 2012	$ 4,539	$ 2,246	$ 7,909	$ 16,786

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
		ING Franklin
		Templeton
	ING Franklin	Founding	ING Global		ING Global
	Mutual Shares	Strategy	Resources		Resources
	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class	Adviser Class		Service Class
Net assets at January 1, 2011	$ 6,902	$ 15,273	$ -		$ 15,305
Increase (decrease) in net assets
Operations:
Net investment income (loss)	72	(16)		(11)	(291)
Total realized gain (loss) on investments
and capital gains distributions	(219)	(464)		(43)	(534)
Net unrealized appreciation (depreciation)
of investments	(50)	26		(135)	(712)
Net increase (decrease) in net assets from operations	(197)	(454)		(189)	(1,537)
Changes from principal transactions:
Premiums	43	157		28	5
Death Benefits	(116)	-		-	(116)
Surrenders and withdrawals	(316)	(1,617)		(11)	(1,251)
Transfers between Divisions
(including fixed account), net	(363)	(823)		1,142	(680)
Increase (decrease) in net assets derived from
principal transactions	(752)	(2,283)		1,159	(2,042)
Total increase (decrease) in net assets	(949)	(2,737)		970	(3,579)
Net assets at December 31, 2011	5,953	12,536		970	11,726
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(50)	164		(22)	(181)
Total realized gain (loss) on investments
and capital gains distributions	(148)	(116)		(68)	(964)
Net unrealized appreciation (depreciation)
of investments	812	1,509		45	574
Net increase (decrease) in net assets from operations	614	1,557		(45)	(571)
Changes from principal transactions:
Premiums	10	57		8	2
Death Benefits	(3)	(97)		-	(54)
Surrenders and withdrawals	(265)	(425)		(95)	(939)
Transfers between Divisions
(including fixed account), net	(383)	(1,003)		348	(242)
Increase (decrease) in net assets derived from
principal transactions	(641)	(1,468)		261	(1,233)
Total increase (decrease) in net assets	(27)	89		216	(1,804)
Net assets at December 31, 2012	$ 5,926	$ 12,625	$ 1,186		$ 9,922

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
	ING Invesco
	Van Kampen	ING JPMorgan	ING JPMorgan
	Growth and	Emerging	Small Cap Core	ING Large Cap
	Income	Markets Equity	Equity	Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Adviser Class
Net assets at January 1, 2011	$ 2,811	$ 20,485	$ 4,876	$ -
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(25)	(268)	(118)	-
Total realized gain (loss) on investments
and capital gains distributions	25	205	(118)	-
Net unrealized appreciation (depreciation)
of investments	(117)	(4,049)	7	-
Net increase (decrease) in net assets from operations	(117)	(4,112)	(229)	-
Changes from principal transactions:
Premiums	60	172	39	-
Death Benefits	(13)	(129)	(41)	-
Surrenders and withdrawals	(152)	(901)	(419)	-
Transfers between Divisions
(including fixed account), net	(148)	585	944	-
Increase (decrease) in net assets derived from
principal transactions	(253)	(273)	523	-
Total increase (decrease) in net assets	(370)	(4,385)	294	-
Net assets at December 31, 2011	2,441	16,100	5,170	-
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(12)	(395)	(125)	(517)
Total realized gain (loss) on investments
and capital gains distributions	122	(506)	(10)	133
Net unrealized appreciation (depreciation)
of investments	168	3,428	943	2,371
Net increase (decrease) in net assets from operations	278	2,527	808	1,987
Changes from principal transactions:
Premiums	7	54	31	43
Death Benefits	(61)	(191)	-	(139)
Surrenders and withdrawals	(204)	(651)	(318)	(1,441)
Transfers between Divisions
(including fixed account), net	21	(401)	339	45,945
Increase (decrease) in net assets derived from
principal transactions	(237)	(1,189)	52	44,408
Total increase (decrease) in net assets	41	1,338	860	46,395
Net assets at December 31, 2012	$ 2,482	$ 17,438	$ 6,030	$ 46,395

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING Large Cap	ING Large Cap	ING Limited	ING Liquid
	Growth	Value	Maturity Bond	Assets
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 2,367	$ -	$ 286	$ 30,848
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(70)	(5)	5	(606)
Total realized gain (loss) on investments
and capital gains distributions	502	(1)	(5)	8
Net unrealized appreciation (depreciation)
of investments	(433)	38	-	-
Net increase (decrease) in net assets from operations	(1)	32	-	(598)
Changes from principal transactions:
Premiums	37	1	-	416
Death Benefits	(50)	-	(40)	(169)
Surrenders and withdrawals	(139)	(2)	(4)	(9,166)
Transfers between Divisions
(including fixed account), net	1,150	560	-	4,104
Increase (decrease) in net assets derived from
principal transactions	998	559	(44)	(4,815)
Total increase (decrease) in net assets	997	591	(44)	(5,413)
Net assets at December 31, 2011	3,364	591	242	25,435
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(67)	2	(1)	(523)
Total realized gain (loss) on investments
and capital gains distributions	250	17	(4)	2
Net unrealized appreciation (depreciation)
of investments	327	77	6	-
Net increase (decrease) in net assets from operations	510	96	1	(521)
Changes from principal transactions:
Premiums	10	6	-	257
Death Benefits	(16)	-	(24)	(389)
Surrenders and withdrawals	(409)	(10)	(22)	(6,768)
Transfers between Divisions
(including fixed account), net	(105)	268	(1)	4,797
Increase (decrease) in net assets derived from
principal transactions	(520)	264	(47)	(2,103)
Total increase (decrease) in net assets	(10)	360	(46)	(2,624)
Net assets at December 31, 2012	$ 3,354	$ 951	$ 196	$ 22,811

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

				ING Morgan
	ING Marsico	ING MFS Total	ING MFS	Stanley Global
	Growth	Return	Utilities	Franchise
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 9,052	$ 11,846	$ 12,876	$ 5,076
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(207)	25	153	1
Total realized gain (loss) on investments
and capital gains distributions	240	(415)	(465)	254
Net unrealized appreciation (depreciation)
of investments	(432)	337	836	65
Net increase (decrease) in net assets from operations	(399)	(53)	524	320
Changes from principal transactions:
Premiums	26	218	99	22
Death Benefits	(65)	(326)	(144)	(37)
Surrenders and withdrawals	(653)	(1,146)	(627)	(254)
Transfers between Divisions
(including fixed account), net	937	(259)	1,466	573
Increase (decrease) in net assets derived from
principal transactions	245	(1,513)	794	304
Total increase (decrease) in net assets	(154)	(1,566)	1,318	624
Net assets at December 31, 2011	8,898	10,280	14,194	5,700
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(175)	25	91	(39)
Total realized gain (loss) on investments
and capital gains distributions	165	(442)	(147)	555
Net unrealized appreciation (depreciation)
of investments	867	1,275	1,495	216
Net increase (decrease) in net assets from operations	857	858	1,439	732
Changes from principal transactions:
Premiums	71	59	77	13
Death Benefits	(290)	(37)	(129)	(1)
Surrenders and withdrawals	(603)	(1,395)	(1,389)	(293)
Transfers between Divisions
(including fixed account), net	(5)	(159)	(1,003)	2
Increase (decrease) in net assets derived from
principal transactions	(827)	(1,532)	(2,444)	(279)
Total increase (decrease) in net assets	30	(674)	(1,005)	453
Net assets at December 31, 2012	$ 8,928	$ 9,606	$ 13,189	$ 6,153

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
	ING
	Oppenheimer
	Active	ING PIMCO		ING PIMCO
	Allocation	High Yield		Total Return	ING Pioneer
	Portfolio -	Portfolio -		Bond Portfolio -	Fund Portfolio -
	Service Class	Service Class		Service Class	Service Class
Net assets at January 1, 2011	$ 578	$ 13,389		$ 59,496	$ 356
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(15)		516	1,005	(3)
Total realized gain (loss) on investments
and capital gains distributions	24		199	3,035	(13)
Net unrealized appreciation (depreciation)
of investments	(55)		(503)	(3,458)	(19)
Net increase (decrease) in net assets from operations	(46)		212	582	(35)
Changes from principal transactions:
Premiums	-		34	469	15
Death Benefits	-		(89)	(649)	-
Surrenders and withdrawals	(35)		(756)	(5,068)	(9)
Transfers between Divisions
(including fixed account), net	152		(1,165)	181	143
Increase (decrease) in net assets derived from
principal transactions	117		(1,976)	(5,067)	149
Total increase (decrease) in net assets	71		(1,764)	(4,485)	114
Net assets at December 31, 2011	649		11,625	55,011	470
Increase (decrease) in net assets
Operations:
Net investment income (loss)	3		494	533	(6)
Total realized gain (loss) on investments
and capital gains distributions	16		297	473	10
Net unrealized appreciation (depreciation)
of investments	48		580	2,333	28
Net increase (decrease) in net assets from operations	67		1,371	3,339	32
Changes from principal transactions:
Premiums	7		34	292	3
Death Benefits	-		(106)	(452)	-
Surrenders and withdrawals	(14)		(1,536)	(4,158)	(37)
Transfers between Divisions
(including fixed account), net	5		1,889	1,451	(140)
Increase (decrease) in net assets derived from
principal transactions	(2)		281	(2,867)	(174)
Total increase (decrease) in net assets	65		1,652	472	(142)
Net assets at December 31, 2012	$ 714	$ 13,277		$ 55,483	$ 328

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

				ING Retirement
	ING Pioneer	ING Retirement	ING Retirement	Moderate
	Mid Cap Value	Conservative	Growth	Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Adviser Class	Adviser Class	Adviser Class
Net assets at January 1, 2011	$ 8,947	$ 7,497	$ 109,552	$ 89,552
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(79)	(95)	(1,764)	(1,118)
Total realized gain (loss) on investments
and capital gains distributions	(204)	250	1,729	1,546
Net unrealized appreciation (depreciation)
of investments	(304)	85	(3,622)	(2,261)
Net increase (decrease) in net assets from operations	(587)	240	(3,657)	(1,833)
Changes from principal transactions:
Premiums	80	251	727	350
Death Benefits	(191)	(229)	(982)	(231)
Surrenders and withdrawals	(425)	(455)	(6,423)	(6,022)
Transfers between Divisions
(including fixed account), net	(572)	6,902	(2,664)	(5,109)
Increase (decrease) in net assets derived from
principal transactions	(1,108)	6,469	(9,342)	(11,012)
Total increase (decrease) in net assets	(1,695)	6,709	(12,999)	(12,845)
Net assets at December 31, 2011	7,252	14,206	96,553	76,707
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(97)	106	(115)	151
Total realized gain (loss) on investments
and capital gains distributions	(73)	786	1,618	1,182
Net unrealized appreciation (depreciation)
of investments	776	(106)	8,150	5,396
Net increase (decrease) in net assets from operations	606	786	9,653	6,729
Changes from principal transactions:
Premiums	18	43	1,297	306
Death Benefits	(122)	(406)	(654)	(558)
Surrenders and withdrawals	(302)	(2,199)	(4,209)	(4,057)
Transfers between Divisions
(including fixed account), net	(484)	2,250	(3,295)	(1,495)
Increase (decrease) in net assets derived from
principal transactions	(890)	(312)	(6,861)	(5,804)
Total increase (decrease) in net assets	(284)	474	2,792	925
Net assets at December 31, 2012	$ 6,968	$ 14,680	$ 99,345	$ 77,632

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

		ING T. Rowe	ING T. Rowe	ING T. Rowe
	ING Retirement	Price Capital	Price Equity	Price
	Moderate	Appreciation	Income	International
	Portfolio -	Portfolio -	Portfolio -	Stock Portfolio -
	Adviser Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 52,270	$ 33,896	$ 9,877	$ 6,687
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(452)	(161)	(27)	68
Total realized gain (loss) on investments
and capital gains distributions	1,006	(527)	(389)	(552)
Net unrealized appreciation (depreciation)
of investments	(690)	856	123	(531)
Net increase (decrease) in net assets from operations	(136)	168	(293)	(1,015)
Changes from principal transactions:
Premiums	322	329	90	47
Death Benefits	(360)	(324)	(52)	(89)
Surrenders and withdrawals	(4,085)	(1,476)	(766)	(585)
Transfers between Divisions
(including fixed account), net	(2,866)	838	878	1,363
Increase (decrease) in net assets derived from
principal transactions	(6,989)	(633)	150	736
Total increase (decrease) in net assets	(7,125)	(465)	(143)	(279)
Net assets at December 31, 2011	45,145	33,431	9,734	6,408
Increase (decrease) in net assets
Operations:
Net investment income (loss)	404	(239)	(21)	(153)
Total realized gain (loss) on investments
and capital gains distributions	1,208	652	80	(908)
Net unrealized appreciation (depreciation)
of investments	1,762	3,567	1,307	1,906
Net increase (decrease) in net assets from operations	3,374	3,980	1,366	845
Changes from principal transactions:
Premiums	315	258	93	23
Death Benefits	(770)	(309)	(84)	(47)
Surrenders and withdrawals	(4,992)	(1,417)	(475)	(1,400)
Transfers between Divisions
(including fixed account), net	518	1,773	334	(390)
Increase (decrease) in net assets derived from
principal transactions	(4,929)	305	(132)	(1,814)
Total increase (decrease) in net assets	(1,555)	4,285	1,234	(969)
Net assets at December 31, 2012	$ 43,590	$ 37,716	$ 10,968	$ 5,439

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

		ING American		ING Columbia
	ING Templeton	Century Small-	ING Baron	Small Cap
	Global Growth	Mid Cap Value	Growth	Value II
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 5,750	$ 736	$ 13,342	$ 4,100
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(40)	(3)	(298)	(77)
Total realized gain (loss) on investments
and capital gains distributions	(538)	24	48	(39)
Net unrealized appreciation (depreciation)
of investments	137	(54)	245	(80)
Net increase (decrease) in net assets from operations	(441)	(33)	(5)	(196)
Changes from principal transactions:
Premiums	47	1	164	17
Death Benefits	(25)	(4)	(138)	(158)
Surrenders and withdrawals	(260)	(57)	(469)	(150)
Transfers between Divisions
(including fixed account), net	(733)	(88)	(394)	(145)
Increase (decrease) in net assets derived from
principal transactions	(971)	(148)	(837)	(436)
Total increase (decrease) in net assets	(1,412)	(181)	(842)	(632)
Net assets at December 31, 2011	4,338	555	12,500	3,468
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(27)	(3)	(294)	(77)
Total realized gain (loss) on investments
and capital gains distributions	(194)	94	226	35
Net unrealized appreciation (depreciation)
of investments	1,009	(20)	2,106	411
Net increase (decrease) in net assets from operations	788	71	2,038	369
Changes from principal transactions:
Premiums	27	1	40	-
Death Benefits	(10)	-	(142)	(96)
Surrenders and withdrawals	(239)	(18)	(513)	(220)
Transfers between Divisions
(including fixed account), net	(179)	(117)	(813)	(135)
Increase (decrease) in net assets derived from
principal transactions	(401)	(134)	(1,428)	(451)
Total increase (decrease) in net assets	387	(63)	610	(82)
Net assets at December 31, 2012	$ 4,725	$ 492	$ 13,110	$ 3,386

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING Davis New		ING Growth	ING Growth
	York Venture	ING Global	and Income	and Income
	Portfolio -	Bond Portfolio -	Core Portfolio -	Core Portfolio -
	Service Class	Service Class	Initial Class	Service Class
Net assets at January 1, 2011	$ 9,881	$ 126	$ 2	$ 237
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(123)	10	-	(3)
Total realized gain (loss) on investments
and capital gains distributions	(198)	8	-	9
Net unrealized appreciation (depreciation)
of investments	(319)	(14)	-	(41)
Net increase (decrease) in net assets from operations	(640)	4	-	(35)
Changes from principal transactions:
Premiums	97	-	-	-
Death Benefits	-	(16)	-	-
Surrenders and withdrawals	(437)	(22)	-	(8)
Transfers between Divisions
(including fixed account), net	(433)	184	-	(9)
Increase (decrease) in net assets derived from
principal transactions	(773)	146	-	(17)
Total increase (decrease) in net assets	(1,413)	150	-	(52)
Net assets at December 31, 2011	8,468	276	2	185
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(204)	12	-	(3)
Total realized gain (loss) on investments
and capital gains distributions	(62)	6	-	13
Net unrealized appreciation (depreciation)
of investments	1,031	(1)	-	1
Net increase (decrease) in net assets from operations	765	17	-	11
Changes from principal transactions:
Premiums	20	-	-	-
Death Benefits	(78)	-	-	-
Surrenders and withdrawals	(603)	(20)	-	(2)
Transfers between Divisions
(including fixed account), net	258	9	-	(43)
Increase (decrease) in net assets derived from
principal transactions	(403)	(11)	-	(45)
Total increase (decrease) in net assets	362	6	-	(34)
Net assets at December 31, 2012	$ 8,830	$ 282	$ 2	$ 151

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
		ING Invesco
	ING Invesco	Van Kampen		ING
	Van Kampen	Equity and	ING JPMorgan	Oppenheimer
	Comstock	Income	Mid Cap Value	Global
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Initial Class
Net assets at January 1, 2011	$ 4,530	$ 4,432	$ 3,466	$ 176
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(53)	(23)	(54)		-
Total realized gain (loss) on investments
and capital gains distributions	(70)	2	8		5
Net unrealized appreciation (depreciation)
of investments	(63)	(23)	22		(18)
Net increase (decrease) in net assets from operations	(186)	(44)	(24)		(13)
Changes from principal transactions:
Premiums	6	6	82		-
Death Benefits	(62)	-	(15)		(10)
Surrenders and withdrawals	(524)	(396)	(143)		(34)
Transfers between Divisions
(including fixed account), net	88	(1,323)	720		-
Increase (decrease) in net assets derived from
principal transactions	(492)	(1,713)	644		(44)
Total increase (decrease) in net assets	(678)	(1,757)	620		(57)
Net assets at December 31, 2011	3,852	2,675	4,086		119
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(53)	(6)	(57)		-
Total realized gain (loss) on investments
and capital gains distributions	289	155	602		(3)
Net unrealized appreciation (depreciation)
of investments	338	107	68		21
Net increase (decrease) in net assets from operations	574	256	613		18
Changes from principal transactions:
Premiums	33	21	12		-
Death Benefits	-	(34)	-		-
Surrenders and withdrawals	(663)	(256)	(290)		(21)
Transfers between Divisions
(including fixed account), net	489	83	(721)		(21)
Increase (decrease) in net assets derived from
principal transactions	(141)	(186)	(999)		(42)
Total increase (decrease) in net assets	433	70	(386)		(24)
Net assets at December 31, 2012	$ 4,285	$ 2,745	$ 3,700	$ 95

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING
	Oppenheimer	ING PIMCO
	Global	Total Return	ING Solution	ING Solution
	Portfolio -	Portfolio -	2015 Portfolio -	2025 Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2011	$ 8,835	$ 223	$ 206	$ 1,143
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(89)	3	3	4
Total realized gain (loss) on investments
and capital gains distributions	(383)	8	1	(1)
Net unrealized appreciation (depreciation)
of investments	(415)	(7)	(11)	(57)
Net increase (decrease) in net assets from operations	(887)	4	(7)	(54)
Changes from principal transactions:
Premiums	52	-	24	-
Death Benefits	(37)	-	-	-
Surrenders and withdrawals	(750)	(5)	(1)	(1)
Transfers between Divisions
(including fixed account), net	(422)	(3)	-	-
Increase (decrease) in net assets derived from
principal transactions	(1,157)	(8)	23	(1)
Total increase (decrease) in net assets	(2,044)	(4)	16	(55)
Net assets at December 31, 2011	6,791	219	222	1,088
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(99)	4	3	12
Total realized gain (loss) on investments
and capital gains distributions	(388)	1	25	(1)
Net unrealized appreciation (depreciation)
of investments	1,662	10	(9)	116
Net increase (decrease) in net assets from operations	1,175	15	19	127
Changes from principal transactions:
Premiums	47	-	-	-
Death Benefits	(21)	-	-	-
Surrenders and withdrawals	(683)	(5)	(92)	-
Transfers between Divisions
(including fixed account), net	(191)	(2)	25	26
Increase (decrease) in net assets derived from
principal transactions	(848)	(7)	(67)	26
Total increase (decrease) in net assets	327	8	(48)	153
Net assets at December 31, 2012	$ 7,118	$ 227	$ 174	$ 1,241

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
						ING T. Rowe
						Price Diversified
				ING Solution		Mid Cap
	ING Solution	ING Solution		Income		Growth
	2035 Portfolio -	2045 Portfolio -		Portfolio -		Portfolio -
	Service Class	Service Class		Service Class		Service Class
Net assets at January 1, 2011	$ 129	$ 20		$ 102		$ 1,745
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-		-		3	(24)
Total realized gain (loss) on investments
and capital gains distributions	-		-		1	34
Net unrealized appreciation (depreciation)
of investments	(8)		(1)		(6)	(77)
Net increase (decrease) in net assets from operations	(8)		(1)		(2)	(67)
Changes from principal transactions:
Premiums	-		-		18	6
Death Benefits	-		-		-	(16)
Surrenders and withdrawals	-		(1)		(1)	(244)
Transfers between Divisions
(including fixed account), net	-		-		-	(37)
Increase (decrease) in net assets derived from
principal transactions	-		(1)		17	(291)
Total increase (decrease) in net assets	(8)		(2)		15	(358)
Net assets at December 31, 2011	121		18		117	1,387
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-		-		-	(21)
Total realized gain (loss) on investments
and capital gains distributions	-		-		12	173
Net unrealized appreciation (depreciation)
of investments	16		3		(6)	39
Net increase (decrease) in net assets from operations	16		3		6	191
Changes from principal transactions:
Premiums	-		-		-	4
Death Benefits	-		-		-	(2)
Surrenders and withdrawals	-		-		(73)	(22)
Transfers between Divisions
(including fixed account), net	-		-		-	(80)
Increase (decrease) in net assets derived from
principal transactions	-		-		(73)	(100)
Total increase (decrease) in net assets	16		3		(67)	91
Net assets at December 31, 2012	$ 137	$ 21		$ 50		$ 1,478

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING T. Rowe		ING UBS U.S.	ING Strategic
	Price Growth	ING Templeton	Large Cap	Allocation
	Equity	Foreign Equity	Equity	Conservative
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Class S
Net assets at January 1, 2011	$ 3,991	$ 9,121	$ 604	$ -
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(85)	(49)	(7)		-
Total realized gain (loss) on investments
and capital gains distributions	389	(818)	(9)		-
Net unrealized appreciation (depreciation)
of investments	(447)	(143)	(12)		-
Net increase (decrease) in net assets from operations	(143)	(1,010)	(28)		-
Changes from principal transactions:
Premiums	96	55	-		-
Death Benefits	(146)	(15)	-		-
Surrenders and withdrawals	(293)	(537)	(77)		-
Transfers between Divisions
(including fixed account), net	(126)	(2,428)	(94)		-
Increase (decrease) in net assets derived from
principal transactions	(469)	(2,925)	(171)		-
Total increase (decrease) in net assets	(612)	(3,935)	(199)		-
Net assets at December 31, 2011	3,379	5,186	405		-
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(89)	(42)	(6)		-
Total realized gain (loss) on investments
and capital gains distributions	231	(461)	-		-
Net unrealized appreciation (depreciation)
of investments	387	2,595	49		-
Net increase (decrease) in net assets from operations	529	2,092	43		-
Changes from principal transactions:
Premiums	33	32	-		-
Death Benefits	(60)	(30)	-		-
Surrenders and withdrawals	(254)	(864)	(24)		-
Transfers between Divisions
(including fixed account), net	621	7,179	(38)		-
Increase (decrease) in net assets derived from
principal transactions	340	6,317	(62)		-
Total increase (decrease) in net assets	869	8,409	(19)		-
Net assets at December 31, 2012	$ 4,248	$ 13,595	$ 386	$ -

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING Strategic	ING Strategic
	Allocation	Allocation		ING Growth	ING Growth
	Growth	Moderate		and Income	and Income
	Portfolio -	Portfolio -		Portfolio -	Portfolio -
	Class S	Class S		Class A	Class I
Net assets at January 1, 2011	$ 132	$ 32		$ -	$ 1,354
Increase (decrease) in net assets
Operations:
Net investment income (loss)	1		1	(401)	(3)
Total realized gain (loss) on investments
and capital gains distributions	(10)		-	(104)	(25)
Net unrealized appreciation (depreciation)
of investments	5		(1)	(1,047)	7
Net increase (decrease) in net assets from operations	(4)		-	(1,552)	(21)
Changes from principal transactions:
Premiums	-		-	120	-
Death Benefits	-		-	(68)	(68)
Surrenders and withdrawals	(22)		(1)	(1,551)	(112)
Transfers between Divisions
(including fixed account), net	(44)		-	30,169	-
Increase (decrease) in net assets derived from
principal transactions	(66)		(1)	28,670	(180)
Total increase (decrease) in net assets	(70)		(1)	27,118	(201)
Net assets at December 31, 2011	62		31	27,118	1,153
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-		1	(299)	(4)
Total realized gain (loss) on investments
and capital gains distributions	6		-	232	(13)
Net unrealized appreciation (depreciation)
of investments	-		4	3,352	162
Net increase (decrease) in net assets from operations	6		5	3,285	145
Changes from principal transactions:
Premiums	-		-	139	(1)
Death Benefits	-		-	(191)	(19)
Surrenders and withdrawals	(1)		-	(2,088)	(568)
Transfers between Divisions
(including fixed account), net	(33)		(2)	(798)	(8)
Increase (decrease) in net assets derived from
principal transactions	(34)		(2)	(2,938)	(596)
Total increase (decrease) in net assets	(28)		3	347	(451)
Net assets at December 31, 2012	$ 34	$ 34		$ 27,465	$ 702

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(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 7	Series 8	Series 9
Net assets at January 1, 2011	$ 5,047	$ 2,240	$ 375	$ 203
Increase (decrease) in net assets
Operations:
Net investment income (loss)	11	1	(2)	-
Total realized gain (loss) on investments
and capital gains distributions	134	(74)	(3)	(2)
Net unrealized appreciation (depreciation)
of investments	(202)	27	(5)	(3)
Net increase (decrease) in net assets from operations	(57)	(46)	(10)	(5)
Changes from principal transactions:
Premiums	2	-	-	-
Death Benefits	(14)	-	-	-
Surrenders and withdrawals	(217)	(214)	-	(1)
Transfers between Divisions
(including fixed account), net	6,578	-	(3)	(1)
Increase (decrease) in net assets derived from
principal transactions	6,349	(214)	(3)	(2)
Total increase (decrease) in net assets	6,292	(260)	(13)	(7)
Net assets at December 31, 2011	11,339	1,980	362	196
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(81)	14	3	2
Total realized gain (loss) on investments
and capital gains distributions	403	(414)	(82)	(46)
Net unrealized appreciation (depreciation)
of investments	1,079	397	74	40
Net increase (decrease) in net assets from operations	1,401	(3)	(5)	(4)
Changes from principal transactions:
Premiums	(6)	-	-	-
Death Benefits	(100)	-	-	-
Surrenders and withdrawals	(614)	(1,474)	(2)	-
Transfers between Divisions
(including fixed account), net	(612)	(503)	(355)	(192)
Increase (decrease) in net assets derived from
principal transactions	(1,332)	(1,977)	(357)	(192)
Total increase (decrease) in net assets	69	(1,980)	(362)	(196)
Net assets at December 31, 2012	$ 11,408	$ -	$ -	$ -

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(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, 2011	$ 6	$ 236	$ 54	$ 647
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	1	-	(1)
Total realized gain (loss) on investments
and capital gains distributions	-	(7)	(10)	(6)
Net unrealized appreciation (depreciation)
of investments	-	4	9	4
Net increase (decrease) in net assets from operations	-	(2)	(1)	(3)
Changes from principal transactions:
Premiums	-	-	-	-
Death Benefits	-	-	-	-
Surrenders and withdrawals	-	(21)	(32)	(37)
Transfers between Divisions
(including fixed account), net	-	-	-	(96)
Increase (decrease) in net assets derived from
principal transactions	-	(21)	(32)	(133)
Total increase (decrease) in net assets	-	(23)	(33)	(136)
Net assets at December 31, 2011	6	213	21	511
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions	-	(1)	(2)	(1)
Net unrealized appreciation (depreciation)
of investments	-	(4)	2	(11)
Net increase (decrease) in net assets from operations	-	(5)	-	(12)
Changes from principal transactions:
Premiums	-	-	-	-
Death Benefits	-	-	-	-
Surrenders and withdrawals	-	-	(20)	(7)
Transfers between Divisions
(including fixed account), net	(6)	-	-	1
Increase (decrease) in net assets derived from
principal transactions	(6)	-	(20)	(6)
Total increase (decrease) in net assets	(6)	(5)	(20)	(18)
Net assets at December 31, 2012	$ -	$ 208	$ 1	$ 493

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
		ING BlackRock
		Science and
		Technology	ING Euro	ING FTSE 100
	ING GET U.S.	Opportunities	STOXX 50®	Index®
	Core Portfolio -	Portfolio -	Index Portfolio -	Portfolio -
	Series 14	Class S	Class A	Class A
Net assets at January 1, 2011	$ 8,621	$ 7,515	$ 85	$ -
Increase (decrease) in net assets
Operations:
Net investment income (loss)	52	(194)	2	(1)
Total realized gain (loss) on investments
and capital gains distributions	(1)	1,003	(2)	-
Net unrealized appreciation (depreciation)
of investments	12	(1,789)	(16)	-
Net increase (decrease) in net assets from operations	63	(980)	(16)	(1)
Changes from principal transactions:
Premiums	(29)	142	-	(96)
Death Benefits	(57)	(18)	-	-
Surrenders and withdrawals	(1,418)	(518)	(1)	(6)
Transfers between Divisions
(including fixed account), net	(83)	172	(11)	103
Increase (decrease) in net assets derived from
principal transactions	(1,587)	(222)	(12)	1
Total increase (decrease) in net assets	(1,524)	(1,202)	(28)	-
Net assets at December 31, 2011	7,097	6,313	57	-
Increase (decrease) in net assets
Operations:
Net investment income (loss)	34	(161)	-	(1)
Total realized gain (loss) on investments
and capital gains distributions	(50)	546	(10)	-
Net unrealized appreciation (depreciation)
of investments	(135)	(55)	27	-
Net increase (decrease) in net assets from operations	(151)	330	17	(1)
Changes from principal transactions:
Premiums	(2)	19	-	30
Death Benefits	-	(68)	(17)	-
Surrenders and withdrawals	(2,151)	(367)	(13)	(2)
Transfers between Divisions
(including fixed account), net	(126)	(556)	40	(24)
Increase (decrease) in net assets derived from
principal transactions	(2,279)	(972)	10	4
Total increase (decrease) in net assets	(2,430)	(642)	27	3
Net assets at December 31, 2012	$ 4,667	$ 5,671	$ 84	$ 3

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

		ING Index Plus	ING Index Plus	ING Index Plus
	ING Hang Seng	LargeCap	MidCap	SmallCap
	Index Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Class S	Class S	Class S	Class S
Net assets at January 1, 2011	$ 2,685	$ 3,959	$ 6,808	$ 5,734
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(2)	(20)	(111)	(92)
Total realized gain (loss) on investments
and capital gains distributions	38	(173)	(247)	(253)
Net unrealized appreciation (depreciation)
of investments	(613)	116	158	167
Net increase (decrease) in net assets from operations	(577)	(77)	(200)	(178)
Changes from principal transactions:
Premiums	17	-	6	4
Death Benefits	(5)	-	(18)	(21)
Surrenders and withdrawals	(171)	(291)	(745)	(516)
Transfers between Divisions
(including fixed account), net	135	(601)	(480)	(292)
Increase (decrease) in net assets derived from
principal transactions	(24)	(892)	(1,237)	(825)
Total increase (decrease) in net assets	(601)	(969)	(1,437)	(1,003)
Net assets at December 31, 2011	2,084	2,990	5,371	4,731
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(33)	(30)	(94)	(98)
Total realized gain (loss) on investments
and capital gains distributions	-	(110)	(111)	(142)
Net unrealized appreciation (depreciation)
of investments	486	465	953	657
Net increase (decrease) in net assets from operations	453	325	748	417
Changes from principal transactions:
Premiums	11	-	7	4
Death Benefits	-	(6)	(17)	(28)
Surrenders and withdrawals	(372)	(246)	(431)	(493)
Transfers between Divisions
(including fixed account), net	(316)	(218)	(356)	(248)
Increase (decrease) in net assets derived from
principal transactions	(677)	(470)	(797)	(765)
Total increase (decrease) in net assets	(224)	(145)	(49)	(348)
Net assets at December 31, 2012	$ 1,860	$ 2,845	$ 5,322	$ 4,383

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

			ING Russell™
	ING	ING Japan	Large Cap	ING Russell™
	International	TOPIX Index®	Growth Index	Large Cap
	Index Portfolio -	Portfolio -	Portfolio -	Index Portfolio -
	Class S	Class A	Class S	Class S
Net assets at January 1, 2011	$ 4,169	$ 20	$ 1,321	$ 7,223
Increase (decrease) in net assets
Operations:
Net investment income (loss)	14	1	(17)	(61)
Total realized gain (loss) on investments
and capital gains distributions	111	(1)	139	232
Net unrealized appreciation (depreciation)
of investments	(695)	(18)	(88)	(301)
Net increase (decrease) in net assets from operations	(570)	(18)	34	(130)
Changes from principal transactions:
Premiums	13	100	7	139
Death Benefits	(2)	-	-	(60)
Surrenders and withdrawals	(201)	-	(72)	(365)
Transfers between Divisions
(including fixed account), net	(112)	-	265	1,320
Increase (decrease) in net assets derived from
principal transactions	(302)	100	200	1,034
Total increase (decrease) in net assets	(872)	82	234	904
Net assets at December 31, 2011	3,297	102	1,555	8,127
Increase (decrease) in net assets
Operations:
Net investment income (loss)	17	-	(26)	(8)
Total realized gain (loss) on investments
and capital gains distributions	31	(12)	124	470
Net unrealized appreciation (depreciation)
of investments	483	17	89	562
Net increase (decrease) in net assets from operations	531	5	187	1,024
Changes from principal transactions:
Premiums	3	(30)	-	91
Death Benefits	(5)	-	-	(33)
Surrenders and withdrawals	(58)	-	(138)	(631)
Transfers between Divisions
(including fixed account), net	96	4	63	670
Increase (decrease) in net assets derived from
principal transactions	36	(26)	(75)	97
Total increase (decrease) in net assets	567	(21)	112	1,121
Net assets at December 31, 2012	$ 3,864	$ 81	$ 1,667	$ 9,248

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	ING Russell™	ING Russell™
	Large Cap	Mid Cap	ING Russell™	ING Russell™
	Value Index	Growth Index	Mid Cap Index	Small Cap
	Portfolio -	Portfolio -	Portfolio -	Index Portfolio -
	Class S	Class S	Class S	Class S
Net assets at January 1, 2011	$ 1,766	$ 4,547	$ 2,725	$ 2,576
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(13)	(83)	(31)	(73)
Total realized gain (loss) on investments
and capital gains distributions	59	186	242	186
Net unrealized appreciation (depreciation)
of investments	(90)	(299)	(345)	(425)
Net increase (decrease) in net assets from operations	(44)	(196)	(134)	(312)
Changes from principal transactions:
Premiums	19	45	60	49
Death Benefits	(37)	(40)	(4)	(4)
Surrenders and withdrawals	(147)	(170)	(111)	(261)
Transfers between Divisions
(including fixed account), net	2	(185)	(41)	1,588
Increase (decrease) in net assets derived from
principal transactions	(163)	(350)	(96)	1,372
Total increase (decrease) in net assets	(207)	(546)	(230)	1,060
Net assets at December 31, 2011	1,559	4,001	2,495	3,636
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(8)	(82)	(33)	(73)
Total realized gain (loss) on investments
and capital gains distributions	69	187	350	437
Net unrealized appreciation (depreciation)
of investments	142	403	12	92
Net increase (decrease) in net assets from operations	203	508	329	456
Changes from principal transactions:
Premiums	1	17	19	12
Death Benefits	-	(33)	(7)	(84)
Surrenders and withdrawals	(159)	(266)	(153)	(166)
Transfers between Divisions
(including fixed account), net	86	(48)	(98)	8
Increase (decrease) in net assets derived from
principal transactions	(72)	(330)	(239)	(230)
Total increase (decrease) in net assets	131	178	90	226
Net assets at December 31, 2012	$ 1,690	$ 4,179	$ 2,585	$ 3,862

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
			ING
			WisdomTreeSM
	ING Small		Global High-	ING
	Company	ING U.S. Bond	Yielding Equity	International
	Portfolio-	Index Portfolio -	Index Portfolio -	Value Portfolio -
	Class S	Class S	Class S	Class S
Net assets at January 1, 2011	$ 3,248	$ 5,730	$ 4,718	$ 966
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(49)	(12)	24	5
Total realized gain (loss) on investments
and capital gains distributions	320	182	381	(131)
Net unrealized appreciation (depreciation)
of investments	(402)	75	(653)	(8)
Net increase (decrease) in net assets from operations	(131)	245	(248)	(134)
Changes from principal transactions:
Premiums	13	56	35	-
Death Benefits	-	(16)	-	-
Surrenders and withdrawals	(338)	(505)	(201)	(69)
Transfers between Divisions
(including fixed account), net	(326)	76	(567)	(186)
Increase (decrease) in net assets derived from
principal transactions	(651)	(389)	(733)	(255)
Total increase (decrease) in net assets	(782)	(144)	(981)	(389)
Net assets at December 31, 2011	2,466	5,586	3,737	577
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(47)	(12)	62	3
Total realized gain (loss) on investments
and capital gains distributions	183	225	171	(43)
Net unrealized appreciation (depreciation)
of investments	153	(142)	216	117
Net increase (decrease) in net assets from operations	289	71	449	77
Changes from principal transactions:
Premiums	23	30	20	-
Death Benefits	(5)	(10)	(15)	(2)
Surrenders and withdrawals	(75)	(288)	(166)	(12)
Transfers between Divisions
(including fixed account), net	(123)	(1)	(176)	(139)
Increase (decrease) in net assets derived from
principal transactions	(180)	(269)	(337)	(153)
Total increase (decrease) in net assets	109	(198)	112	(76)
Net assets at December 31, 2012	$ 2,575	$ 5,388	$ 3,849	$ 501

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
					Legg Mason
			Legg Mason		Global Currents
			ClearBridge		Variable
	ING MidCap	ING SmallCap	Variable Large		International
	Opportunities	Opportunities	Cap Value		All Cap
	Portfolio -	Portfolio -	Portfolio -		Opportunity
	Class S	Class S	Class I		Portfolio
Net assets at January 1, 2011	$ 5,472	$ 863	$ 318		$ 119
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(117)	(16)		3	6
Total realized gain (loss) on investments
and capital gains distributions	115	-		(11)	(53)
Net unrealized appreciation (depreciation)
of investments	(173)	4		21	37
Net increase (decrease) in net assets from operations	(175)	(12)		13	(10)
Changes from principal transactions:
Premiums	13	-		-	-
Death Benefits	(11)	(9)		(1)	-
Surrenders and withdrawals	(270)	(27)		(40)	(40)
Transfers between Divisions
(including fixed account), net	654	(33)		-	-
Increase (decrease) in net assets derived from
principal transactions	386	(69)		(41)	(40)
Total increase (decrease) in net assets	211	(81)		(28)	(50)
Net assets at December 31, 2011	5,683	782		290	69
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(104)	(16)		2	-
Total realized gain (loss) on investments
and capital gains distributions	390	111		(7)	(37)
Net unrealized appreciation (depreciation)
of investments	359	(1)		47	42
Net increase (decrease) in net assets from operations	645	94		42	5
Changes from principal transactions:
Premiums	6	5		-	-
Death Benefits	(69)	(4)		-	-
Surrenders and withdrawals	(412)	(96)		(41)	(1)
Transfers between Divisions
(including fixed account), net	323	(41)		(4)	(73)
Increase (decrease) in net assets derived from
principal transactions	(152)	(136)		(45)	(74)
Total increase (decrease) in net assets	493	(42)		(3)	(69)
Net assets at December 31, 2012	$ 6,176	$ 740	$ 287		$ -

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

	Legg Mason	Legg Mason	Legg Mason	Western Asset
	Variable	Variable	Variable	Variable High
	Lifestyle	Lifestyle	Lifestyle	Income
	Allocation 50%	Allocation 70%	Allocation 85%	Portfolio
Net assets at January 1, 2011	$ 1,234	$ 551	$ 256	$ 209
Increase (decrease) in net assets
Operations:
Net investment income (loss)	12	2	-	15
Total realized gain (loss) on investments
and capital gains distributions	21	14	5	(1)
Net unrealized appreciation (depreciation)
of investments	(37)	(25)	(12)	(11)
Net increase (decrease) in net assets from operations	(4)	(9)	(7)	3
Changes from principal transactions:
Premiums	2	-	-	-
Death Benefits	-	-	-	(1)
Surrenders and withdrawals	(162)	(36)	(40)	(15)
Transfers between Divisions
(including fixed account), net	-	-	1	-
Increase (decrease) in net assets derived from
principal transactions	(160)	(36)	(39)	(16)
Total increase (decrease) in net assets	(164)	(45)	(46)	(13)
Net assets at December 31, 2011	1,070	506	210	196
Increase (decrease) in net assets
Operations:
Net investment income (loss)	14	3	-	15
Total realized gain (loss) on investments
and capital gains distributions	25	47	7	-
Net unrealized appreciation (depreciation)
of investments	81	9	18	17
Net increase (decrease) in net assets from operations	120	59	25	32
Changes from principal transactions:
Premiums	2	-	-	-
Death Benefits	(12)	(9)	-	-
Surrenders and withdrawals	(86)	(125)	(59)	(2)
Transfers between Divisions
(including fixed account), net	-	1	(1)	-
Increase (decrease) in net assets derived from
principal transactions	(96)	(133)	(60)	(2)
Total increase (decrease) in net assets	24	(74)	(35)	30
Net assets at December 31, 2012	$ 1,094	$ 432	$ 175	$ 226

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 Changes in Net Assets
For the Years Ended December 31, 2012 and 2011
(Dollars in thousands)
	Oppenheimer
	Main Street	PIMCO Real
	Small- &	Return	Pioneer Equity
	Mid-Cap	Portfolio -	Income VCT
	Fund®/VA -	Administrative	Portfolio -		ProFund VP
	Service Class	Class	Class II		Bull
Net assets at January 1, 2011	$ 88	$ 225	$ 1,683		$ 26
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	59		7	-
Total realized gain (loss) on investments
and capital gains distributions	3	41		(3)	-
Net unrealized appreciation (depreciation)
of investments	(3)	(39)		66	-
Net increase (decrease) in net assets from operations	(1)	61		70	-
Changes from principal transactions:
Premiums	-	1		17	-
Death Benefits	-	(18)		(13)	-
Surrenders and withdrawals	(13)	(879)		(13)	(2)
Transfers between Divisions
(including fixed account), net	(11)	2,497		(101)	-
Increase (decrease) in net assets derived from
principal transactions	(24)	1,601		(110)	(2)
Total increase (decrease) in net assets	(25)	1,662		(40)	(2)
Net assets at December 31, 2011	63	1,887		1,643	24
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(14)		33	-
Total realized gain (loss) on investments
and capital gains distributions	-	132		15	-
Net unrealized appreciation (depreciation)
of investments	11	4		80	4
Net increase (decrease) in net assets from operations	10	122		128	4
Changes from principal transactions:
Premiums	2	21		9	-
Death Benefits	(2)	(13)		-	-
Surrenders and withdrawals	-	(1,954)		(56)	(5)
Transfers between Divisions
(including fixed account), net	-	1,076		(164)	(3)
Increase (decrease) in net assets derived from
principal transactions	-	(870)		(211)	(8)
Total increase (decrease) in net assets	10	(748)		(83)	(4)
Net assets at December 31, 2012	$ 73	$ 1,139	$ 1,560		$ 20

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 Changes in Net Assets

For the Years Ended December 31, 2012 and 2011

(Dollars in thousands)

			Invesco Van
			Kampen
			American
		ProFund VP	Franchise
	ProFund VP	Rising Rates	Fund - Class I
	Europe 30	Opportunity	Shares
Net assets at January 1, 2011	$ 51	$ 165	$ -
Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(3)	-
Total realized gain (loss) on investments
and capital gains distributions	(2)	(20)	-
Net unrealized appreciation (depreciation)
of investments	(3)	(36)	-
Net increase (decrease) in net assets from operations	(6)	(59)	-
Changes from principal transactions:
Premiums	-	-	-
Death Benefits	-	-	-
Surrenders and withdrawals	(2)	(10)	-
Transfers between Divisions
(including fixed account), net	-	1	-
Increase (decrease) in net assets derived from
principal transactions	(2)	(9)	-
Total increase (decrease) in net assets	(8)	(68)	-
Net assets at December 31, 2011	43	97	-
Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	(2)	(1)
Total realized gain (loss) on investments
and capital gains distributions	(11)	(39)	(1)
Net unrealized appreciation (depreciation)
of investments	15	33	(3)
Net increase (decrease) in net assets from operations	4	(8)	(5)
Changes from principal transactions:
Premiums	-	-	-
Death Benefits	-	-	-
Surrenders and withdrawals	(21)	(19)	(3)
Transfers between Divisions
(including fixed account), net	(1)	18	123
Increase (decrease) in net assets derived from
principal transactions	(22)	(1)	120
Total increase (decrease) in net assets	(18)	(9)	115
Net assets at December 31, 2012	$ 25	$ 88	$ 115

The accompanying notes are an integral part of these financial statements. 

80

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 a predecessor to ReliaStar Life Insurance Company of New York
(“RLNY” or the “Company”) to support the operations of variable annuity contracts
(“Contracts”). RLNY is an indirect, wholly owned subsidiary of ING U.S., Inc. (name
changed from ING America Insurance Holdings, Inc.), an insurance holding company
domiciled in the State of Delaware. ING U.S., Inc. is an indirect wholly owned
subsidiary of ING Groep, N.V. (“ING”), a global financial services holding company
based in The Netherlands.

ING has announced the anticipated separation of its global banking and insurance
businesses. While all options for effecting this separation remain open, ING has
announced that the base case for this separation includes an initial public offering (“IPO”)
of ING U.S., Inc. which together with its subsidiaries, constitutes ING's U.S.-based
retirement, investment management, and insurance operations. ING U.S., Inc. filed a
registration statement on Form S-1 with the U.S. Securities and Exchange Commission
(“SEC”) on November 9, 2012, which was amended on January 23, 2013 and March 19,
2013, in connection with the proposed IPO of its common stock.

Operations of the Account commenced on May 19, 1997. The Account is registered as a
unit investment trust with the SEC 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 account (an investment option in the Company’s general account), as
directed by the contract owners. 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. Under applicable insurance law, the assets and liabilities of the
Account are clearly identified and distinguished from the other assets and liabilities of
RLNY.

At December 31, 2012, the Account had, under ING GoldenSelect, ING Empire, ING
Simplicity, ING Architect, and ING Rollover Contracts, 115 investment divisions (the
“Divisions”), 17 of which invest in independently managed mutual funds and 98 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”).

81

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
Investment Divisions with asset balances at December 31, 2012 and related Trusts are as
follows:
BlackRock Variable Series Funds, Inc.:	ING Investors Trust (continued):
BlackRock Global Allocation V.I. Fund - Class III	ING Liquid Assets Portfolio - Service Class
Columbia Funds Variable Insurance Trust:	ING Marsico Growth Portfolio - Service Class
Columbia Small Cap Value Fund, Variable Series -	ING MFS Total Return Portfolio - Service Class
Class B	ING MFS Utilities Portfolio - Service Class
Fidelity® Variable Insurance Products:	ING Morgan Stanley Global Franchise Portfolio - Service
Fidelity® VIP Equity-Income Portfolio - Service	Class
Class 2	ING Oppenheimer Active Allocation Portfolio - Service
Fidelity® Variable Insurance Products II:	Class
Fidelity® VIP Contrafund® Portfolio - Service	ING PIMCO High Yield Portfolio - Service Class
Class 2	ING PIMCO Total Return Bond Portfolio - Service Class
Franklin Templeton Variable Insurance Products Trust:	ING Pioneer Fund Portfolio - Service Class
Franklin Small Cap Value Securities Fund - Class 2	ING Pioneer Mid Cap Value Portfolio - Service Class
ING Balanced Portfolio, Inc.:	ING Retirement Conservative Portfolio - Adviser Class
ING Balanced Portfolio - Class S	ING Retirement Growth Portfolio - Adviser Class
ING Intermediate Bond Portfolio:	ING Retirement Moderate Growth Portfolio - Adviser
ING Intermediate Bond Portfolio - Class S	Class
ING Investors Trust:	ING Retirement Moderate Portfolio - Adviser Class
ING American Funds Asset Allocation Portfolio	ING T. Rowe Price Capital Appreciation Portfolio -
ING American Funds Global Growth and Income	Service Class
Portfolio	ING T. Rowe Price Equity Income Portfolio - Service
ING American Funds International Growth and	Class
Income Portfolio	ING T. Rowe Price International Stock Portfolio - Service
ING American Funds International Portfolio	Class
ING American Funds World Allocation Portfolio -	ING Templeton Global Growth Portfolio - Service Class
Service Class	ING Partners, Inc.:
ING BlackRock Health Sciences Opportunities	ING American Century Small-Mid Cap Value Portfolio -
Portfolio - Service Class	Service Class
ING BlackRock Inflation Protected Bond Portfolio -	ING Baron Growth Portfolio - Service Class
Service Class	ING Columbia Small Cap Value II Portfolio - Service
ING BlackRock Large Cap Growth Portfolio - Service	Class
Class	ING Davis New York Venture Portfolio - Service Class
ING Bond Portfolio	ING Global Bond Portfolio - Service Class
ING Clarion Global Real Estate Portfolio - Service	ING Growth and Income Core Portfolio - Initial Class
Class	ING Growth and Income Core Portfolio - Service Class
ING Clarion Real Estate Portfolio - Service Class	ING Invesco Van Kampen Comstock Portfolio - Service
ING DFA World Equity Portfolio - Service Class	Class
ING FMRSM Diversified Mid Cap Portfolio - Service	ING Invesco Van Kampen Equity and Income Portfolio -
Class	Service Class
ING Franklin Income Portfolio - Service Class	ING JPMorgan Mid Cap Value Portfolio - Service Class
ING Franklin Mutual Shares Portfolio - Service Class	ING Oppenheimer Global Portfolio - Initial Class
ING Franklin Templeton Founding Strategy	ING Oppenheimer Global Portfolio - Service Class
Portfolio - Service Class	ING PIMCO Total Return Portfolio - Service Class
ING Global Resources Portfolio - Adviser Class	ING Solution 2015 Portfolio - Service Class
ING Global Resources Portfolio - Service Class	ING Solution 2025 Portfolio - Service Class
ING Invesco Van Kampen Growth and Income	ING Solution 2035 Portfolio - Service Class
Portfolio - Service Class	ING Solution 2045 Portfolio - Service Class
ING JPMorgan Emerging Markets Equity Portfolio -	ING Solution Income Portfolio - Service Class
Service Class	ING T. Rowe Price Diversified Mid Cap Growth
ING JPMorgan Small Cap Core Equity Portfolio -	Portfolio - Service Class
Service Class	ING T. Rowe Price Growth Equity Portfolio - Service
ING Large Cap Growth Portfolio - Adviser Class	Class
ING Large Cap Growth Portfolio - Service Class
ING Large Cap Value Portfolio - Service Class
ING Limited Maturity Bond Portfolio - Service Class

82 

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 Templeton Foreign Equity Portfolio - Service	ING RussellTM Mid Cap Growth Index Portfolio - Class S
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 Strategic Allocation Portfolios, Inc.:	ING U.S. Bond Index Portfolio - Class S
ING Strategic Allocation Conservative Portfolio -	ING WisdomTreeSM Global High-Yielding Equity Index
Class S	Portfolio - Class S
ING Strategic Allocation Growth Portfolio - Class S	ING Variable Products Trust:
ING Strategic Allocation Moderate Portfolio - Class S	ING International Value Portfolio - Class S
ING Variable Funds:	ING MidCap Opportunities Portfolio - Class S
ING Growth and Income Portfolio - Class A	ING SmallCap Opportunities Portfolio - Class S
ING Growth and Income Portfolio - Class I	Legg Mason Partners Variable Equity Trust:
ING Growth and Income Portfolio - Class S	Legg Mason ClearBridge Variable Large Cap Value
ING Variable Insurance Trust:	Portfolio - Class I
ING GET U.S. Core Portfolio - Series 11	Legg Mason Variable Lifestyle Allocation 50%
ING GET U.S. Core Portfolio - Series 12	Legg Mason Variable Lifestyle Allocation 70%
ING GET U.S. Core Portfolio - Series 13	Legg Mason Variable Lifestyle Allocation 85%
ING GET U.S. Core Portfolio - Series 14	Legg Mason Partners Variable Income Trust:
ING Variable Portfolios, Inc.:	Western Asset Variable High Income Portfolio
ING BlackRock Science and Technology	Oppenheimer Variable Account Funds:
Opportunities Portfolio - Class S	Oppenheimer Main Street Small - & Mid-Cap
ING Euro STOXX 50® Index Portfolio - Class A	Fund®/VA - Service Class
ING FTSE 100 Index® Portfolio - Class A	PIMCO Variable Insurance Trust:
ING Hang Seng Index Portfolio - Class S	PIMCO Real Return Portfolio - Administrative Class
ING Index Plus LargeCap Portfolio - Class S	Pioneer Variable Contracts Trust:
ING Index Plus MidCap Portfolio - Class S	Pioneer Equity Income VCT Portfolio - Class II
ING Index Plus SmallCap Portfolio - Class S	ProFunds:
ING International Index Portfolio - Class S	ProFund VP Bull
ING Japan TOPIX Index® Portfolio - Class A	ProFund VP Europe 30
ING RussellTM Large Cap Growth Index Portfolio -	ProFund VP Rising Rates Opportunity
Class S	Van Kampen Equity Trust II:
ING RussellTM Large Cap Index Portfolio - Class S	Invesco Van Kampen American Franchise Fund - Class I
ING RussellTM Large Cap Value Index Portfolio -	Shares
Class S
The names of certain Trusts and Divisions were changed during 2012. The following is a
summary of current and former names for those Trusts and Divisions:
Current Name	Former Name
AIM Variable Insurance Fund	Invesco Variable Insurance Fund
ING Investors Trust:	ING Investors Trust:
ING Bond Portfolio	ING American Funds Bond Portfolio
ING Partners, Inc.:	ING Partners, Inc.:
ING Baron Growth Portfolio - Service Class	ING Baron Small Cap Growth Portfolio - Service Class
ING Growth and Income Core Portfolio - Initial Class	ING Thornburg Value Portfolio - Initial Class
ING Growth and Income Core Portfolio - Service Class	ING Thornburg Value Portfolio - Service Class
Legg Mason Partners Variable Equity Trust:	Legg Mason Partners Variable Equity Trust:
Western Asset Variable High Income Portfolio	Legg Mason Western Asset Variable High Income
	Portfolio

83 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	During 2012, the following Divisions were closed to contract owners:
	AIM Variable Insurance Funds:
	Invesco V.I. Leisure Fund - Series I Shares
	ING Investors Trust:
	ING American Funds Growth Portfolio
	ING Artio Foreign Portfolio - Service Class
	ING Variable Insurance Trust:
	ING GET U.S. Core Portfolio - Series 7
	ING GET U.S. Core Portfolio - Series 8
	ING GET U.S. Core Portfolio - Series 9
	ING GET U.S. Core Portfolio - Series 10
	Legg Mason Partners Variable Equity Trust:
	Legg Mason Global Currents Variable International All Cap Opportunity Portfolio
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.
	Investments
	Investments are made in shares of a Division and are recorded at fair value, determined
	by the net asset value per share of the respective Division. Investment transactions in each
	Division are recorded on the trade date. Distributions of net investment income and
	capital gains from each Division are recognized on the ex-distribution date. Realized
	gains and losses on redemptions of the shares of the Division are determined on a first-in,
	first-out basis. The difference between cost and current fair 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
	(“IRC”). Under the current provisions of the IRC, the Company does not expect to incur
	federal income taxes on the earnings of the Account to the extent the earnings are credited
	to contract owners. Accordingly, earnings and realized capital gains of the Account

84 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	attributable to the contract owners are excluded in the determination of the federal
	income tax liability of RLNY, and no charge is being made to the Account for federal
	income taxes for these amounts. The Company will review this tax accounting in the
	event of changes in the tax law. Such changes in the law may result in a charge for federal
	income taxes.
	Contract Owner Reserves
	The annuity reserves of the Account are represented by net assets on the Statements of
	Assets and Liabilities and are equal to the aggregate account values of the contract
	owners invested in the Account Divisions. To the extent that benefits to be paid to the
	contract owners 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. Prior to the annuity date, the Contracts are redeemable for the net
	cash surrender value of the Contracts.
	Amounts Receivable from/Payable to Related Parties
	Amount payable to/receivable from related parties in each Division on the Statements of
	Asset and Liabilities represent accrued fees to RLNY.
	Changes from Principal Transactions
	Included in Changes from Principal Transactions on the Statements of Changes in Net
	Assets are items which relate to contract owner 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.
	Subsequent Events
	The Account has evaluated subsequent events for recognition and disclosure through the
	date the financial statements as of December 31, 2012 and for the years ended
	December 31, 2012 and 2011, were issued.
3.	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

85 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	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, 2012 based on the priority
	of the inputs to the valuation technique below. There were no transfers among the levels
	for the year ended December 31, 2012. The Account had no financial liabilities as of
	December 31, 2012.
	The Account categorizes its financial instruments into a three-level hierarchy based on the
	priority of the inputs to the valuation technique. 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.
	§	Level 1 - Unadjusted quoted prices for identical assets or liabilities in an active
		market. The Account defines an active market as a market in which transactions
		take place with sufficient frequency and volume to provide pricing information on
		an ongoing basis.
	§	Level 2 - Quoted prices in markets that are not active or valuation techniques that
		require 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.
4.	Charges and Fees
	Under the terms of the Contracts, certain charges and fees are incurred by the Contracts to
	cover RLNY’s expenses in connection with the issuance and administration of the
	Contracts. Following is a summary of these charges and fees:

86 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

SEPARATE ACCOUNT NY-B 

Notes to Financial Statements 

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. These charges are assessed through a reduction in unit values. 

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. These charges are assessed through a 

reduction in unit values. 

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. These charges are assessed through the redemption of units. 

Contingent Deferred Sales Charges 

For certain Contracts a contingent deferred sales charge (“Surrender Charge”) is imposed 

as a percentage that ranges up to 8.00% of each premium payment if the Contact is 

surrendered or an excess partial withdrawal is taken as specified in the Contact. These 

charges are assessed through the redemption of units. 

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. These charges are assessed through the 

redemption of units. 

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 contract owner’s state of residence and currently ranges up to 4.00% of premiums. 

These charges are assessed through the redemption of units. 

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. 

87 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	Certain Contracts contain optional riders that are available for additional charge, such as
	minimum guaranteed income benefits and minimum guaranteed withdrawal benefits.
	The amounts charged for these optional benefits vary based on a number of factors and
	are defined in the Contracts.
	These charges are assessed through either a reduction in unit values or the redemption of
	units.
	Fees Waived by RLNY
	Certain charges and fees for various types of Contracts may be waived by RLNY. RLNY
	reserves the right to discontinue these waivers at its discretion or to conform with changes
	in the law.
5.	Related Party Transactions
	During the year ended December 31, 2012, 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 agreements provided for fees at annual
	rates up to 1.25% of the average net assets of each respective Fund.
	Management fees were also 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 Trusts’ advisory agreements provided for fees at annual rates ranging from 0.08% to
	0.95% of the average net assets of each respective Fund.

88 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
6.	Purchases and Sales of Investment Securities
	The aggregate cost of purchases and proceeds from sales of investments for the year
	ended December 31, 2012 follow:
		Purchases	Sales
		(Dollars in thousands)
	AIM Variable Insurance Funds:
	Invesco V.I. Leisure Fund - Series I Shares	$ 1	$ 146
	BlackRock Variable Series Funds, Inc.:
	BlackRock Global Allocation V.I. Fund - Class III	1,249	2,559
	Columbia Funds Variable Insurance Trust:
	Columbia Small Cap Value Fund, Variable Series - Class B	55	110
	Fidelity® Variable Insurance Products:
	Fidelity® VIP Equity-Income Portfolio - Service Class 2	470	870
	Fidelity® Variable Insurance Products II:
	Fidelity® VIP Contrafund® Portfolio - Service Class 2	337	3,535
	Franklin Templeton Variable Insurance Products Trust:
	Franklin Small Cap Value Securities Fund - Class 2	8	177
	ING Balanced Portfolio, Inc.:
	ING Balanced Portfolio - Class S	6	39
	ING Intermediate Bond Portfolio:
	ING Intermediate Bond Portfolio - Class S	4,587	4,202
	ING Investors Trust:
	ING American Funds Asset Allocation Portfolio	305	2,268
	ING American Funds Global Growth and Income Portfolio	38	204
	ING American Funds Growth Portfolio	1,240	50,573
	ING American Funds International Growth and Income Portfolio	75	3
	ING American Funds International Portfolio	1,121	3,846
	ING American Funds World Allocation Portfolio - Service Class	195	427
	ING Artio Foreign Portfolio - Service Class	435	8,454
	ING BlackRock Health Sciences Opportunities Portfolio - Service Class	513	1,167
	ING BlackRock Inflation Protected Bond Portfolio - Service Class	3,902	5,204
	ING BlackRock Large Cap Growth Portfolio - Service Class	719	425
	ING Bond Portfolio	2,214	2,452
	ING Clarion Global Real Estate Portfolio - Service Class	119	1,123
	ING Clarion Real Estate Portfolio - Service Class	70	768
	ING DFA World Equity Portfolio - Service Class	623	543
	ING FMRSM Diversified Mid Cap Portfolio - Service Class	296	1,548
	ING Franklin Income Portfolio - Service Class	1,494	4,186
	ING Franklin Mutual Shares Portfolio - Service Class	313	1,003
	ING Franklin Templeton Founding Strategy Portfolio - Service Class	637	1,941
	ING Global Resources Portfolio - Adviser Class	529	290
	ING Global Resources Portfolio - Service Class	508	1,924
	ING Invesco Van Kampen Growth and Income Portfolio - Service Class	115	364
	ING JPMorgan Emerging Markets Equity Portfolio - Service Class	1,876	3,043

89 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	Purchases	Sales
	(Dollars in thousands)
ING Investors Trust (continued):
ING JPMorgan Small Cap Core Equity Portfolio - Service Class	$ 713	$ 785
ING Large Cap Growth Portfolio - Adviser Class	46,911	3,013
ING Large Cap Growth Portfolio - Service Class	197	751
ING Large Cap Value Portfolio - Service Class	512	246
ING Limited Maturity Bond Portfolio - Service Class	2	50
ING Liquid Assets Portfolio - Service Class	12,026	14,651
ING Marsico Growth Portfolio - Service Class	1,183	2,185
ING MFS Total Return Portfolio - Service Class	495	2,002
ING MFS Utilities Portfolio - Service Class	1,049	3,404
ING Morgan Stanley Global Franchise Portfolio - Service Class	927	954
ING Oppenheimer Active Allocation Portfolio - Service Class	67	65
ING PIMCO High Yield Portfolio - Service Class	3,487	2,713
ING PIMCO Total Return Bond Portfolio - Service Class	4,987	7,324
ING Pioneer Fund Portfolio - Service Class	9	189
ING Pioneer Mid Cap Value Portfolio - Service Class	214	1,202
ING Retirement Conservative Portfolio - Adviser Class	5,153	5,161
ING Retirement Growth Portfolio - Adviser Class	3,489	10,470
ING Retirement Moderate Growth Portfolio - Adviser Class	2,278	7,935
ING Retirement Moderate Portfolio - Adviser Class	4,066	8,594
ING T. Rowe Price Capital Appreciation Portfolio - Service Class	4,464	3,370
ING T. Rowe Price Equity Income Portfolio - Service Class	1,607	1,760
ING T. Rowe Price International Stock Portfolio - Service Class	205	2,172
ING Templeton Global Growth Portfolio - Service Class	159	587
ING Partners, Inc.:
ING American Century Small-Mid Cap Value Portfolio - Service Class	58	160
ING Baron Growth Portfolio - Service Class	410	2,132
ING Columbia Small Cap Value II Portfolio - Service Class	12	540
ING Davis New York Venture Portfolio - Service Class	671	1,278
ING Global Bond Portfolio - Service Class	52	52
ING Growth and Income Core Portfolio - Initial Class	-	-
ING Growth and Income Core Portfolio - Service Class	-	48
ING Invesco Van Kampen Comstock Portfolio - Service Class	830	1,024
ING Invesco Van Kampen Equity and Income Portfolio - Service Class	430	622
ING JPMorgan Mid Cap Value Portfolio - Service Class	451	1,508
ING Oppenheimer Global Portfolio - Initial Class	4	46
ING Oppenheimer Global Portfolio - Service Class	307	1,254
ING PIMCO Total Return Portfolio - Service Class	7	9
ING Solution 2015 Portfolio - Service Class	34	97
ING Solution 2025 Portfolio - Service Class	58	20
ING Solution 2035 Portfolio - Service Class	3	3
ING Solution 2045 Portfolio - Service Class	-	-
ING Solution Income Portfolio - Service Class	2	75
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class	131	132
ING T. Rowe Price Growth Equity Portfolio - Service Class	983	731
ING Templeton Foreign Equity Portfolio - Service Class	8,103	1,828
ING UBS U.S. Large Cap Equity Portfolio - Service Class	3	70

90 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	Purchases	Sales
	(Dollars in thousands)
ING Strategic Allocation Portfolios, Inc.:
ING Strategic Allocation Conservative Portfolio - Class S	$ -	$ -
ING Strategic Allocation Growth Portfolio - Class S	1	34
ING Strategic Allocation Moderate Portfolio - Class S	1	2
ING Variable Funds:
ING Growth and Income Portfolio - Class A	832	4,067
ING Growth and Income Portfolio - Class I	53	653
ING Growth and Income Portfolio - Class S	232	1,645
ING Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 7	19	1,982
ING GET U.S. Core Portfolio - Series 8	6	360
ING GET U.S. Core Portfolio - Series 9	5	196
ING GET U.S. Core Portfolio - Series 10	-	6
ING GET U.S. Core Portfolio - Series 11	4	4
ING GET U.S. Core Portfolio - Series 12	-	21
ING GET U.S. Core Portfolio - Series 13	10	16
ING GET U.S. Core Portfolio - Series 14	172	2,417
ING Variable Portfolios, Inc.:
ING BlackRock Science and Technology Opportunities Portfolio - Class S	999	1,750
ING Euro STOXX 50® Index Portfolio - Class A	124	114
ING FTSE 100 Index® Portfolio - Class A	26	23
ING Hang Seng Index Portfolio - Class S	96	805
ING Index Plus LargeCap Portfolio - Class S	45	546
ING Index Plus MidCap Portfolio - Class S	44	935
ING Index Plus SmallCap Portfolio - Class S	32	896
ING International Index Portfolio - Class S	441	389
ING Japan TOPIX Index® Portfolio - Class A	89	110
ING Russell™ Large Cap Growth Index Portfolio - Class S	309	410
ING Russell™ Large Cap Index Portfolio - Class S	1,730	1,640
ING Russell™ Large Cap Value Index Portfolio - Class S	250	331
ING Russell™ Mid Cap Growth Index Portfolio - Class S	136	548
ING Russell™ Mid Cap Index Portfolio - Class S	348	532
ING Russell™ Small Cap Index Portfolio - Class S	472	582
ING Small Company Portfolio - Class S	189	323
ING U.S. Bond Index Portfolio - Class S	945	1,095
ING WisdomTreeSM Global High-Yielding Equity Index Portfolio - Class S	201	476
ING Variable Products Trust:
ING International Value Portfolio - Class S	12	163
ING MidCap Opportunities Portfolio - Class S	914	1,008
ING SmallCap Opportunities Portfolio - Class S	90	161
Legg Mason Partners Variable Equity Trust:
Legg Mason ClearBridge Variable Large Cap Value Portfolio - Class I	7	50
Legg Mason Global Currents Variable International All Cap Opportunity Portfolio	-	74
Legg Mason Partners Variable Large Cap Value Portfolio
Legg Mason Variable Lifestyle Allocation 50%	30	111
Legg Mason Variable Lifestyle Allocation 70%	11	141
Legg Mason Variable Lifestyle Allocation 85%	4	64

91 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
	Purchases	Sales
	(Dollars in thousands)
Legg Mason Partners Variable Income Trust:
Western Asset Variable High Income Portfolio	$ 18	$ 5
Oppenheimer Variable Account Funds:
Oppenheimer Main Street Small - & Mid-Cap Fund®/VA - Service Class	-	1
PIMCO Variable Insurance Trust:
PIMCO Real Return Portfolio - Administrative Class	1,150	1,974
Pioneer Variable Contracts Trust:
Pioneer Equity Income VCT Portfolio - Class II	74	253
ProFunds:
ProFund VP Bull	-	7
ProFund VP Europe 30	2	24
ProFund VP Rising Rates Opportunity	20	23
Van Kampen Equity Trust II:
Invesco Van Kampen American Franchise Fund - Class I Shares	142	23

92 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
7.	Changes in Units
	The net changes in units outstanding follow:

			Year Ended December 31
		2012			2011
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
AIM Variable Insurance Funds:
Invesco V.I. Leisure Fund - Series I Shares	-	10,577	(10,577)	176	3,580	(3,404)
BlackRock Variable Series Funds, Inc.:
BlackRock Global Allocation V.I. Fund - Class III	115,695	247,192	(131,497)	272,823	254,766	18,057
Columbia Funds Variable Insurance Trust:
Columbia Small Cap Value Fund, Variable Series - Class B	14,133	20,771	(6,638)	1,035	9,675	(8,640)
Fidelity® Variable Insurance Products:
Fidelity® VIP Equity-Income Portfolio - Service Class 2	18,683	96,102	(77,419)	29,481	166,821	(137,340)
Fidelity® Variable Insurance Products II:
Fidelity® VIP Contrafund® Portfolio - Service Class 2	40,956	262,953	(221,997)	83,240	352,762	(269,522)
Franklin Templeton Variable Insurance Products Trust:
Franklin Small Cap Value Securities Fund - Class 2	113	15,754	(15,641)	1,961	31,654	(29,693)
ING Balanced Portfolio, Inc.:
ING Balanced Portfolio - Class S	2,347	6,066	(3,719)	3,548	5,937	(2,389)
ING Intermediate Bond Portfolio:
ING Intermediate Bond Portfolio - Class S	617,940	636,436	(18,496)	465,169	759,441	(294,272)
ING Investors Trust:
ING American Funds Asset Allocation Portfolio	43,375	236,717	(193,342)	220,182	120,875	99,307
ING American Funds Global Growth and Income Portfolio	2,716	19,756	(17,040)	43,800	16,645	27,155
ING American Funds Growth Portfolio	-	3,824,390	(3,824,390)	285,803	633,315	(347,512)
ING American Funds International Growth and Income Portfolio	7,527	265	7,262	3,534	1,436	2,098
ING American Funds International Portfolio	124,403	327,959	(203,556)	169,838	425,380	(255,542)
ING American Funds World Allocation Portfolio - Service Class	1,948	26,479	(24,531)	67,303	25,991	41,312
ING Artio Foreign Portfolio - Service Class	-	761,240	(761,240)	33,324	118,471	(85,147)
ING BlackRock Health Sciences Opportunities Portfolio - Service Class	53,946	106,237	(52,291)	177,534	141,594	35,940
ING BlackRock Inflation Protected Bond Portfolio - Service Class	392,557	547,714	(155,157)	690,961	321,273	369,688
ING BlackRock Large Cap Growth Portfolio - Service Class	68,430	41,639	26,791	53,446	53,833	(387)

93

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
			Year Ended December 31
		2012			2011
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Investors Trust (continued):
ING Bond Portfolio	197,727	275,306	(77,579)	241,287	583,156	(341,869)
ING Clarion Global Real Estate Portfolio - Service Class	15,460	106,161	(90,701)	40,284	162,623	(122,339)
ING Clarion Real Estate Portfolio - Service Class	10,372	44,872	(34,500)	6,339	46,332	(39,993)
ING DFA World Equity Portfolio - Service Class	80,314	72,416	7,898	116,138	112,310	3,828
ING FMRSM Diversified Mid Cap Portfolio - Service Class	36,592	115,357	(78,765)	93,550	137,179	(43,629)
ING Franklin Income Portfolio - Service Class	135,281	429,299	(294,018)	495,688	442,119	53,569
ING Franklin Mutual Shares Portfolio - Service Class	35,987	103,010	(67,023)	79,482	161,503	(82,021)
ING Franklin Templeton Founding Strategy Portfolio - Service Class	38,499	215,272	(176,773)	144,612	426,776	(282,164)
ING Global Resources Portfolio - Adviser Class	76,737	45,694	31,043	137,501	27,789	109,712
ING Global Resources Portfolio - Service Class	67,000	144,283	(77,283)	46,048	157,665	(111,617)
ING Invesco Van Kampen Growth and Income Portfolio - Service Class	13,415	31,622	(18,207)	30,309	51,301	(20,992)
ING JPMorgan Emerging Markets Equity Portfolio - Service Class	103,296	190,112	(86,816)	132,194	167,256	(35,062)
ING JPMorgan Small Cap Core Equity Portfolio - Service Class	68,571	70,046	(1,475)	141,448	112,179	29,269
ING Large Cap Growth Portfolio - Adviser Class	4,895,425	396,316	4,499,109	-	-	-
ING Large Cap Growth Portfolio - Service Class	16,894	49,467	(32,573)	133,360	66,601	66,759
ING Large Cap Value Portfolio - Service Class	51,139	26,017	25,122	66,867	8,059	58,808
ING Limited Maturity Bond Portfolio - Service Class	-	1,976	(1,976)	-	1,801	(1,801)
ING Liquid Assets Portfolio - Service Class	1,423,594	1,582,351	(158,757)	2,007,523	2,354,856	(347,333)
ING Marsico Growth Portfolio - Service Class	130,716	195,482	(64,766)	246,141	225,578	20,563
ING MFS Total Return Portfolio - Service Class	33,775	121,495	(87,720)	101,889	181,543	(79,654)
ING MFS Utilities Portfolio - Service Class	101,799	255,003	(153,204)	205,113	173,949	31,164
ING Morgan Stanley Global Franchise Portfolio - Service Class	70,428	92,283	(21,855)	95,911	81,405	14,506
ING Oppenheimer Active Allocation Portfolio - Service Class	3,901	4,316	(415)	13,620	6,166	7,454
ING PIMCO High Yield Portfolio - Service Class	258,109	249,126	8,983	224,862	369,489	(144,627)
ING PIMCO Total Return Bond Portfolio - Service Class	451,801	665,861	(214,060)	936,221	1,338,204	(401,983)
ING Pioneer Fund Portfolio - Service Class	601	16,141	(15,540)	22,253	9,797	12,456
ING Pioneer Mid Cap Value Portfolio - Service Class	47,618	132,231	(84,613)	34,708	145,177	(110,469)
ING Retirement Conservative Portfolio - Adviser Class	548,220	589,656	(41,436)	988,002	281,876	706,126
ING Retirement Growth Portfolio - Adviser Class	227,479	953,459	(725,980)	507,738	1,511,175	(1,003,437)
ING Retirement Moderate Growth Portfolio - Adviser Class	129,258	717,390	(588,132)	359,492	1,476,422	(1,116,930)

94

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
			Year Ended December 31
		2012			2011
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Investors Trust (continued):
ING Retirement Moderate Portfolio - Adviser Class	300,344	766,673	(466,329)	345,736	1,042,006	(696,270)
ING T. Rowe Price Capital Appreciation Portfolio - Service Class	287,709	284,522	3,187	236,871	308,381	(71,510)
ING T. Rowe Price Equity Income Portfolio - Service Class	170,369	194,862	(24,493)	192,553	193,924	(1,371)
ING T. Rowe Price International Stock Portfolio - Service Class	52,597	210,173	(157,576)	181,691	137,725	43,966
ING Templeton Global Growth Portfolio - Service Class	14,893	50,313	(35,420)	34,600	124,683	(90,083)
ING Partners, Inc.:
ING American Century Small-Mid Cap Value Portfolio - Service Class	3,085	14,814	(11,729)	1,747	15,488	(13,741)
ING Baron Growth Portfolio - Service Class	68,880	184,092	(115,212)	129,682	207,639	(77,957)
ING Columbia Small Cap Value II Portfolio - Service Class	6,882	54,898	(48,016)	28,423	77,099	(48,676)
ING Davis New York Venture Portfolio - Service Class	75,773	127,331	(51,558)	47,252	136,974	(89,722)
ING Global Bond Portfolio - Service Class	3,219	4,130	(911)	19,013	7,077	11,936
ING Growth and Income Core Portfolio - Initial Class	21	10	11	178	218	(40)
ING Growth and Income Core Portfolio - Service Class	1,820	7,235	(5,415)	1,644	3,824	(2,180)
ING Invesco Van Kampen Comstock Portfolio - Service Class	81,629	95,414	(13,785)	28,663	76,190	(47,527)
ING Invesco Van Kampen Equity and Income Portfolio - Service Class	39,074	56,405	(17,331)	28,081	166,675	(138,594)
ING JPMorgan Mid Cap Value Portfolio - Service Class	37,298	108,351	(71,053)	116,572	68,112	48,460
ING Oppenheimer Global Portfolio - Initial Class	1,842	5,135	(3,293)	1,976	5,312	(3,336)
ING Oppenheimer Global Portfolio - Service Class	41,549	106,570	(65,021)	49,292	144,487	(95,195)
ING PIMCO Total Return Portfolio - Service Class	-	497	(497)	-	701	(701)
ING Solution 2015 Portfolio - Service Class	2,562	9,111	(6,549)	2,188	250	1,938
ING Solution 2025 Portfolio - Service Class	2,724	783	1,941	-	696	(696)
ING Solution 2035 Portfolio - Service Class	-	79	(79)	-	68	(68)
ING Solution 2045 Portfolio - Service Class	-	15	(15)	-	13	(13)
ING Solution Income Portfolio - Service Class	-	6,748	(6,748)	1,630	140	1,490
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class	930	10,242	(9,312)	4,626	30,310	(25,684)
ING T. Rowe Price Growth Equity Portfolio - Service Class	105,634	77,127	28,507	80,587	134,266	(53,679)
ING Templeton Foreign Equity Portfolio - Service Class	948,078	220,777	727,301	72,006	378,215	(306,209)
ING UBS U.S. Large Cap Equity Portfolio - Service Class	2,079	8,018	(5,939)	165	19,688	(19,523)

95

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
			Year ended December 31
		2012			2011
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Strategic Allocation Portfolios, Inc.:
ING Strategic Allocation Conservative Portfolio - Class S	-	-	-	-	1	(1)
ING Strategic Allocation Growth Portfolio - Class S	1,542	5,164	(3,622)	8	7,364	(7,356)
ING Strategic Allocation Moderate Portfolio - Class S	-	25	(25)	-	61	(61)
ING Variable Funds:
ING Growth and Income Portfolio - Class A	147,773	453,404	(305,631)	3,213,829	375,773	2,838,056
ING Growth and Income Portfolio - Class I	21	61,917	(61,896)	-	20,649	(20,649)
ING Growth and Income Portfolio - Class S	72,461	225,649	(153,188)	833,911	92,925	740,986
ING Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 7	20,749	217,488	(196,739)	359,841	385,610	(25,769)
ING GET U.S. Core Portfolio - Series 8	-	36,653	(36,653)	3,829	4,283	(454)
ING GET U.S. Core Portfolio - Series 9	-	19,555	(19,555)	28	261	(233)
ING GET U.S. Core Portfolio - Series 10	-	537	(537)	27	28	(1)
ING GET U.S. Core Portfolio - Series 11	2,880	3,012	(132)	2,122	4,162	(2,040)
ING GET U.S. Core Portfolio - Series 12	-	1,929	(1,929)	4,779	7,916	(3,137)
ING GET U.S. Core Portfolio - Series 13	-	652	(652)	41,868	55,522	(13,654)
ING GET U.S. Core Portfolio - Series 14	246,575	470,749	(224,174)	264,355	419,195	(154,840)
ING Variable Portfolios, Inc. (continued):
ING BlackRock Science and Technology Opportunities Portfolio - Class S	73,310	169,355	(96,045)	311,501	340,618	(29,117)
ING Euro STOXX 50® Index Portfolio - Class A	15,143	13,374	1,769	3,422	5,095	(1,673)
ING FTSE 100 Index® Portfolio - Class A	2,242	1,995	247	238	238	-
ING Hang Seng Index Portfolio - Class S	28,943	84,855	(55,912)	69,271	75,598	(6,327)
ING Index Plus LargeCap Portfolio - Class S	10,162	57,426	(47,264)	9,882	101,204	(91,322)
ING Index Plus MidCap Portfolio - Class S	15,319	78,162	(62,843)	25,833	133,616	(107,783)
ING Index Plus SmallCap Portfolio - Class S	7,579	72,486	(64,907)	36,452	114,255	(77,803)
ING International Index Portfolio - Class S	56,130	47,052	9,078	23,148	51,384	(28,236)
ING Japan TOPIX Index® Portfolio - Class A	9,390	12,192	(2,802)	12,052	2,964	9,088
ING Russell™ Large Cap Growth Index Portfolio - Class S	25,007	30,158	(5,151)	59,412	45,387	14,025
ING Russell™ Large Cap Index Portfolio - Class S	184,606	177,852	6,754	261,759	161,306	100,453
ING Russell™ Large Cap Value Index Portfolio - Class S	22,150	27,965	(5,815)	26,750	40,876	(14,126)
ING Russell™ Mid Cap Growth Index Portfolio - Class S	16,221	37,510	(21,289)	16,429	41,033	(24,604)
ING Russell™ Mid Cap Index Portfolio - Class S	25,508	49,808	(24,300)	42,996	56,278	(13,282)
ING Russell™ Small Cap Index Portfolio - Class S	34,201	58,590	(24,389)	197,206	77,470	119,736

96

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
			Year Ended December 31
		2012			2011
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Variable Portfolios, Inc. (continued):
ING Small Company Portfolio - Class S	13,566	31,299	(17,733)	9,988	73,584	(63,596)
ING U.S. Bond Index Portfolio - Class S	94,633	121,224	(26,591)	132,508	172,002	(39,494)
ING WisdomTreeSM Global High-Yielding Equity Index Portfolio - Class S	17,472	62,327	(44,855)	39,472	134,904	(95,432)
ING Variable Products Trust:
ING International Value Portfolio - Class S	331	22,672	(22,341)	76	34,502	(34,426)
ING MidCap Opportunities Portfolio - Class S	69,738	83,793	(14,055)	110,224	79,432	30,792
ING SmallCap Opportunities Portfolio - Class S	5,215	15,146	(9,931)	7,128	13,455	(6,327)
Legg Mason Partners Variable Equity Trust:
Legg Mason ClearBridge Variable Large Cap Value Portfolio - Class I	14	4,784	(4,770)	16	4,618	(4,602)
Legg Mason Global Currents Variable International All Cap Opportunity Portfolio	-	5,867	(5,867)	6	2,989	(2,983)
Legg Mason Variable Lifestyle Allocation 50%	133	5,353	(5,220)	125	9,579	(9,454)
Legg Mason Variable Lifestyle Allocation 70%	65	8,636	(8,571)	54	2,395	(2,341)
Legg Mason Variable Lifestyle Allocation 85%	36	4,139	(4,103)	132	2,746	(2,614)
Legg Mason Partners Variable Income Trust:
Western Asset Variable High Income Portfolio	-	70	(70)	-	721	(721)
Oppenheimer Variable Account Funds:
Oppenheimer Main Street Small- & Mid-Cap Fund®/VA - Service Class	168	207	(39)	-	2,274	(2,274)
PIMCO Variable Insurance Trust:
PIMCO Real Return Portfolio - Administrative Class	106,377	167,223	(60,846)	188,695	68,192	120,503
Pioneer Variable Contracts Trust:
Pioneer Equity Income VCT Portfolio - Class II	1,411	23,434	(22,023)	4,633	17,081	(12,448)
ProFunds:
ProFund VP Bull	81	661	(580)	2	205	(203)
ProFund VP Europe 30	2,085	4,293	(2,208)	240	562	(322)
ProFund VP Rising Rates Opportunity	21,258	22,172	(914)	5,255	7,138	(1,883)
Van Kampen Equity Trust II:
Invesco Van Kampen American Franchise Fund - Class I Shares	24,173	12,575	11,598	-	-	-

97

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements
8.	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 ending December 31, 2012, 2011, 2010, 2009, and 2008,
	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)
BlackRock Global Allocation V.I. Fund - Class III
2012	1,612	$10.17	to	$10.75	$ 17,016	1.46%	1.15%	to 2.45%	7.39%	to	8.70%
2011	1,743	$9.47	to	$9.89	$ 16,999	2.33%	1.15%	to 2.45%	-5.86%	to	-4.81%
2010	1,725	$10.06	to	$10.39	$ 17,724	1.16%	1.15%	to 2.45%	7.24%	to	8.57%
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	(a)	1.15%	to 2.45%		(a)
Columbia Small Cap Value Fund, Variable Series - Class B
2012	62	$13.60	to	$14.37	$ 868	0.34%	1.25%	to 1.95%	9.06%	to	9.86%
2011	68	$12.47	to	$13.08	$ 875	0.82%	1.25%	to 1.95%	-7.97%	to	-7.30%
2010	77	$13.51	to	$14.11	$ 1,066	0.98%	1.25%	to 2.00%	23.94%	to	24.87%
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%
Fidelity® VIP Equity-Income Portfolio - Service Class 2
2012	443	$9.47	to	$13.22	$ 4,974	2.83%	1.00%	to 2.45%	14.34%	to	15.98%
2011	520	$8.19	to	$11.41	$ 5,047	2.11%	1.00%	to 2.45%	-1.64%	to	-0.36%
2010	657	$8.24	to	$11.46	$ 6,421	1.57%	1.00%	to 2.45%	12.26%	to	13.72%
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%
Fidelity® VIP Contrafund® Portfolio - Service Class 2
2012	1,845	$10.60	to	$18.05	$ 26,548	1.13%	1.00%	to 2.60%	13.28%	to	14.97%
2011	2,067	$9.26	to	$15.71	$ 26,003	0.77%	1.00%	to 2.60%	-5.14%	to	-3.73%
2010	2,336	$9.66	to	$16.33	$ 30,694	0.97%	1.00%	to 2.60%	14.02%	to	15.75%
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%
Franklin Small Cap Value Securities Fund - Class 2
2012	83	$11.60	to	$11.73	$ 973	0.82%	1.00%	to 1.20%	16.94%	to	17.18%
2011	99	$9.92	to	$10.01	$ 986	0.69%	1.00%	to 1.20%	-4.89%	to	-4.67%
2010	129	$10.43	to	$10.50	$ 1,347	0.73%	1.00%	to 1.20%	26.73%	to	26.96%
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	(a)	1.00%	to 1.20%		(a)

98

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 Balanced Portfolio - Class S
2012	18	$10.63	to	$11.11	$ 196	2.96%	1.00%	to	1.45%	11.84%	to	12.33%
2011	22	$9.48	to	$10.03	$ 210	2.67%	1.00%	to	1.95%	-3.45%	to	-2.53%
2010	24	$9.75	to	$10.29	$ 239	2.80%	1.00%	to	1.95%	11.54%	to	12.61%
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%
ING Intermediate Bond Portfolio - Class S
2012	1,633	$11.98	to	$13.44	$ 20,910	4.37%	1.00%	to	2.45%	6.56%	to	7.91%
2011	1,651	$11.14	to	$12.29	$ 19,650	4.02%	1.00%	to	2.45%	4.86%	to	6.23%
2010	1,945	$10.53	to	$11.73	$ 21,854	4.97%	1.00%	to	2.45%	7.05%	to	8.42%
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%
ING American Funds Asset Allocation Portfolio
2012	858	$10.63	to	$11.07	$ 9,384	1.27%	1.15%	to	2.00%	13.21%	to	14.24%
2011	1,051	$9.39	to	$9.69	$ 10,075	1.33%	1.15%	to	2.00%	-1.16%	to	-0.31%
2010	952	$9.42	to	$9.72	$ 9,182	1.59%	1.15%	to	2.45%	9.40%	to	10.71%
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	(a)	1.15%	to	2.45%		(a)
ING American Funds Global Growth and Income Portfolio
2012	10	$10.64	to	$10.73	$ 108	1.11%	1.45%	to	1.85%	14.66%	to	15.13%
2011	27	$9.24	to	$9.34	$ 252	(d)	1.25%	to	2.45%		(d)
2010	(d)		(d)		(d)	(d)		(d)			(d)
2009	(d)		(d)		(d)	(d)		(d)			(d)
2008	(d)		(d)		(d)	(d)		(d)			(d)
ING American Funds International Growth and Income Portfolio
2012	9	$9.96	to	$10.12	$ 94	-	1.05%	to	1.85%	13.54%	to	14.16%
2011	2	$8.79	to	$8.83	$ 19	(d)	1.25%	to	1.75%		(d)
2010	(d)		(d)		(d)	(d)		(d)			(d)
2009	(d)		(d)		(d)	(d)		(d)			(d)
2008	(d)		(d)		(d)	(d)		(d)			(d)

99

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 International Portfolio
2012	1,728	$9.03	to	$18.46	$ 25,070	1.35%	1.00%	to	2.45%	14.53%	to	16.09%
2011	1,932	$7.81	to	$15.94	$ 24,197	1.67%	1.00%	to	2.45%	-16.38%	to	-15.17%
2010	2,187	$9.25	to	$19.14	$ 32,277	0.89%	1.00%	to	2.45%	4.25%	to	5.59%
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%
ING American Funds World Allocation Portfolio - Service Class
2012	112	$15.60	to	$16.29	$ 1,801	1.43%	1.15%	to	2.25%	10.48%	to	11.73%
2011	137	$14.09	to	$14.58	$ 1,971	1.04%	1.15%	to	2.45%	-8.03%	to	-6.96%
2010	95	$15.32	to	$15.67	$ 1,482	0.91%	1.15%	to	2.45%	10.06%	to	11.37%
2009	82	$13.92	to	$14.07	$ 1,156	(b)	1.15%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING BlackRock Health Sciences Opportunities Portfolio - Service Class
2012	409	$11.37	to	$14.95	$ 5,881	0.73%	1.05%	to	2.45%	16.01%	to	17.55%
2011	462	$9.72	to	$12.78	$ 5,672	0.56%	1.05%	to	2.45%	2.30%	to	3.60%
2010	426	$9.41	to	$12.38	$ 5,066	-	1.05%	to	2.45%	4.55%	to	5.90%
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%
ING BlackRock Inflation Protected Bond Portfolio - Service Class
2012	1,026	$12.35	to	$12.95	$ 13,100	0.70%	1.00%	to	2.25%	3.96%	to	5.28%
2011	1,182	$11.86	to	$12.30	$ 14,373	2.32%	1.00%	to	2.45%	9.41%	to	10.91%
2010	812	$10.84	to	$11.09	$ 8,943	2.05%	1.00%	to	2.45%	3.04%	to	4.43%
2009	703	$10.52	to	$10.62	$ 7,432	(b)	1.00%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING BlackRock Large Cap Growth Portfolio - Service Class
2012	332	$10.05	to	$12.56	$ 4,000	0.47%	1.00%	to	2.10%	12.11%	to	13.27%
2011	306	$8.89	to	$11.09	$ 3,264	0.42%	1.00%	to	2.10%	-3.64%	to	-2.55%
2010	306	$9.14	to	$11.38	$ 3,365	0.26%	1.00%	to	2.45%	10.86%	to	12.32%
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%

100

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 Bond Portfolio
2012	1,364	$10.70	to	$11.45	$ 15,257	2.72%	1.00%	to 2.45%	3.98%	to	5.44%
2011	1,442	$10.29	to	$10.88	$ 15,342	2.43%	1.00%	to 2.45%	3.31%	to	4.73%
2010	1,784	$9.96	to	$10.41	$ 18,178	2.55%	1.00%	to 2.45%	3.64%	to	4.97%
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	(a)	1.00%	to 2.45%		(a)
ING Clarion Global Real Estate Portfolio - Service Class
2012	434	$9.99	to	$12.68	$ 4,943	0.55%	1.00%	to 2.10%	23.02%	to	24.29%
2011	525	$8.05	to	$10.22	$ 4,829	3.47%	1.00%	to 2.10%	-7.33%	to	-6.24%
2010	647	$8.60	to	$10.93	$ 6,341	8.46%	1.00%	to 2.45%	13.30%	to	14.87%
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%
ING Clarion Real Estate Portfolio - Service Class
2012	216	$13.87	to	$85.76	$ 4,539	0.98%	1.05%	to 2.60%	12.67%	to	14.32%
2011	250	$12.17	to	$75.17	$ 4,605	1.30%	1.05%	to 2.60%	6.80%	to	8.32%
2010	290	$11.27	to	$69.52	$ 4,904	3.40%	1.05%	to 2.60%	24.87%	to	26.63%
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%
ING DFA World Equity Portfolio - Service Class
2012	261	$8.35	to	$9.96	$ 2,246	2.09%	1.15%	to 1.95%	15.72%	to	16.75%
2011	253	$7.21	to	$8.54	$ 1,878	2.28%	1.15%	to 1.95%	-10.99%	to	-10.25%
2010	250	$8.00	to	$9.52	$ 2,066	1.63%	1.15%	to 2.45%	21.95%	to	23.44%
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%
ING FMRSM Diversified Mid Cap Portfolio - Service Class
2012	510	$11.42	to	$17.62	$ 7,909	0.61%	1.15%	to 2.10%	12.25%	to	13.29%
2011	589	$10.08	to	$15.57	$ 8,088	0.21%	1.15%	to 2.45%	-12.97%	to	-11.97%
2010	632	$11.45	to	$17.70	$ 9,942	0.14%	1.15%	to 2.45%	25.42%	to	26.94%
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%

101

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
2012	1,358	$11.77	to	$12.68	$ 16,786	5.65%	1.15%	to	2.45%	10.07%	to	11.30%
2011	1,652	$10.60	to	$11.40	$ 18,416	5.10%	1.15%	to	2.45%	0.19%	to	1.42%
2010	1,599	$10.49	to	$11.37	$ 17,648	5.06%	1.05%	to	2.45%	10.30%	to	11.80%
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%
ING Franklin Mutual Shares Portfolio - Service Class
2012	548	$9.94	to	$11.18	$ 5,926	1.50%	1.05%	to	2.45%	10.87%	to	12.36%
2011	615	$8.87	to	$9.95	$ 5,953	3.44%	1.05%	to	2.45%	-3.00%	to	-1.87%
2010	697	$9.07	to	$10.14	$ 6,902	0.43%	1.05%	to	2.45%	8.90%	to	10.46%
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%
ING Franklin Templeton Founding Strategy Portfolio - Service Class
2012	1,318	$9.13	to	$10.75	$ 12,625	3.72%	1.15%	to	2.10%	13.42%	to	14.61%
2011	1,495	$8.05	to	$9.38	$ 12,536	2.44%	1.15%	to	2.10%	-3.36%	to	-2.39%
2010	1,777	$8.26	to	$9.61	$ 15,273	2.50%	1.15%	to	2.45%	8.12%	to	9.45%
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%
ING Global Resources Portfolio - Adviser Class
2012	141	$8.34	to	$8.50	$ 1,186	0.74%	1.15%	to	2.10%	-5.23%	to	-4.28%
2011	110	$8.79	to	$8.88	$ 970	(d)	1.15%	to	2.25%		(d)
2010	(d)		(d)		(d)	(d)		(d)			(d)
2009	(d)		(d)		(d)	(d)		(d)			(d)
2008	(d)		(d)		(d)	(d)		(d)			(d)
ING Global Resources Portfolio - Service Class
2012	589	$8.64	to	$39.80	$ 9,922	0.77%	1.05%	to	2.45%	-5.07%	to	-3.89%
2011	666	$9.02	to	$41.49	$ 11,726	0.55%	1.05%	to	2.45%	-11.27%	to	-10.09%
2010	777	$10.07	to	$46.24	$ 15,305	0.87%	1.05%	to	2.45%	18.87%	to	20.38%
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%

102

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 Invesco Van Kampen Growth and Income Portfolio - Service Class
2012	174	$10.63	to	$32.93	$ 2,482	1.79%	1.15%	to	2.10%	12.14%	to	13.25%
2011	192	$9.41	to	$29.11	$ 2,441	1.29%	1.15%	to	2.25%	-4.42%	to	-3.26%
2010	213	$9.76	to	$30.13	$ 2,811	0.26%	1.05%	to	2.25%	10.02%	to	11.24%
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%
ING JPMorgan Emerging Markets Equity Portfolio - Service Class
2012	917	$9.66	to	$23.74	$ 17,438	-	1.00%	to	2.60%	16.21%	to	17.90%
2011	1,004	$8.21	to	$20.18	$ 16,100	0.87%	1.00%	to	2.60%	-20.30%	to	-19.08%
2010	1,039	$10.16	to	$25.00	$ 20,485	0.51%	1.00%	to	2.60%	17.38%	to	19.11%
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%
ING JPMorgan Small Cap Core Equity Portfolio - Service Class
2012	358	$13.23	to	$18.82	$ 6,030	0.16%	1.05%	to	2.10%	16.21%	to	17.48%
2011	359	$11.30	to	$16.02	$ 5,170	0.38%	1.05%	to	2.45%	-3.55%	to	-2.38%
2010	330	$11.62	to	$16.41	$ 4,876	0.27%	1.05%	to	2.45%	23.77%	to	25.36%
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%
ING Large Cap Growth Portfolio - Adviser Class
2012	4,499	$10.27	to	$10.35	$ 46,395	(e)	1.00%	to	2.10%		(e)
2011	(e)		(e)		(e)	(e)		(e)			(e)
2010	(e)		(e)		(e)	(e)		(e)			(e)
2009	(e)		(e)		(e)	(e)		(e)			(e)
2008	(e)		(e)		(e)	(e)		(e)			(e)
ING Large Cap Growth Portfolio - Service Class
2012	200	$13.98	to	$19.76	$ 3,354	0.42%	1.00%	to	2.10%	15.35%	to	16.68%
2011	232	$12.01	to	$16.97	$ 3,364	0.24%	1.00%	to	2.10%	0.07%	to	1.19%
2010	165	$11.89	to	$16.79	$ 2,367	0.34%	1.00%	to	2.45%	11.61%	to	13.14%
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%

103

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 Large Cap Value Portfolio - Service Class
2012	84	$11.18	to	$11.41	$ 951	2.85%	1.05%	to	2.10%	11.91%	to	12.91%
2011	59	$9.99	to	$10.07	$ 591	(d)	1.25%	to	2.10%		(d)
2010	(d)		(d)		(d)	(d)		(d)			(d)
2009	(d)		(d)		(d)	(d)		(d)			(d)
2008	(d)		(d)		(d)	(d)		(d)			(d)
ING Limited Maturity Bond Portfolio - Service Class
2012	8	$23.07			$ 196	0.91%	1.40%			0.09%
2011	10	$23.05	to	$23.86	$ 242	3.03%	1.25%	to	1.40%	-0.26%	to	-0.13%
2010	12	$23.11	to	$23.89	$ 286	4.24%	1.25%	to	1.40%	1.72%	to	1.88%
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%
ING Liquid Assets Portfolio - Service Class
2012	1,953	$9.55	to	$17.66	$ 22,811	-	1.00%	to	2.10%	-2.10%	to	-1.00%
2011	2,111	$9.68	to	$17.84	$ 25,435	-	1.00%	to	2.45%	-2.29%	to	-0.99%
2010	2,459	$9.82	to	$18.03	$ 30,848	-	1.00%	to	2.45%	-2.24%	to	-0.98%
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%
ING Marsico Growth Portfolio - Service Class
2012	636	$10.59	to	$18.63	$ 8,928	0.36%	1.15%	to	2.45%	9.96%	to	11.20%
2011	701	$9.54	to	$16.77	$ 8,898	0.25%	1.15%	to	2.45%	-3.94%	to	-2.72%
2010	680	$9.84	to	$17.26	$ 9,052	0.48%	1.15%	to	2.45%	17.09%	to	18.40%
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%
ING MFS Total Return Portfolio - Service Class
2012	587	$10.95	to	$31.45	$ 9,606	2.41%	1.00%	to	2.25%	8.67%	to	10.04%
2011	675	$9.97	to	$28.59	$ 10,280	2.41%	1.00%	to	2.25%	-0.71%	to	0.60%
2010	754	$9.93	to	$28.44	$ 11,846	0.44%	1.00%	to	2.45%	7.36%	to	8.72%
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%

104

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 MFS Utilities Portfolio - Service Class
2012	744	$11.00	to	$19.73	$ 13,189	3.10%	1.00%	to	2.10%	10.93%	to	12.22%
2011	897	$9.83	to	$17.64	$ 14,194	3.63%	1.00%	to	2.45%	3.92%	to	5.32%
2010	866	$9.35	to	$16.79	$ 12,876	2.64%	1.00%	to	2.45%	11.11%	to	12.57%
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%
ING Morgan Stanley Global Franchise Portfolio - Service Class
2012	372	$13.34	to	$17.48	$ 6,153	1.72%	1.05%	to	2.10%	13.38%	to	14.41%
2011	393	$11.68	to	$15.05	$ 5,700	2.43%	1.15%	to	2.25%	6.60%	to	7.86%
2010	379	$10.86	to	$13.97	$ 5,076	0.52%	1.15%	to	2.45%	11.35%	to	12.55%
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%
ING Oppenheimer Active Allocation Portfolio - Service Class
2012	46	$15.45	to	$15.95	$ 714	2.64%	1.15%	to	1.95%	10.59%	to	11.46%
2011	46	$13.97	to	$14.31	$ 649	-	1.15%	to	1.95%	-6.30%	to	-5.48%
2010	39	$14.91	to	$15.14	$ 578	1.40%	1.15%	to	1.95%	11.85%	to	12.73%
2009	32	$13.33	to	$13.43	$ 423	(b)	1.15%	to	1.95%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING PIMCO High Yield Portfolio - Service Class
2012	777	$15.09	to	$18.35	$ 13,277	6.64%	1.00%	to	2.25%	11.43%	to	12.85%
2011	768	$13.38	to	$16.26	$ 11,625	6.48%	1.00%	to	2.25%	2.12%	to	3.45%
2010	912	$12.97	to	$15.74	$ 13,389	6.91%	1.00%	to	2.45%	11.57%	to	13.07%
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%
ING PIMCO Total Return Bond Portfolio - Service Class
2012	3,448	$13.14	to	$21.77	$ 55,483	3.31%	1.00%	to	2.45%	6.24%	to	7.67%
2011	3,662	$12.25	to	$20.23	$ 55,011	4.06%	1.00%	to	2.45%	1.06%	to	2.44%
2010	4,064	$12.01	to	$19.76	$ 59,496	4.63%	1.00%	to	2.45%	5.26%	to	6.59%
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%

105

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 Pioneer Fund Portfolio - Service Class
2012	29	$9.76	to	$12.20	$ 328	1.00%	1.00%	to	1.95%	8.14%	to	9.17%
2011	45	$8.94	to	$11.21	$ 470	1.69%	1.00%	to	1.95%	-6.39%	to	-5.50%
2010	32	$9.46	to	$11.89	$ 356	1.00%	1.00%	to	1.95%	13.63%	to	14.67%
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%
ING Pioneer Mid Cap Value Portfolio - Service Class
2012	598	$9.92	to	$12.33	$ 6,968	0.89%	1.00%	to	2.60%	8.30%	to	9.98%
2011	683	$9.04	to	$11.25	$ 7,252	1.25%	1.00%	to	2.60%	-7.33%	to	-5.98%
2010	793	$9.63	to	$11.99	$ 8,947	0.82%	1.00%	to	2.60%	15.02%	to	16.73%
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%
ING Retirement Conservative Portfolio - Adviser Class
2012	1,513	$9.54	to	$9.84	$ 14,680	3.25%	1.15%	to	2.10%	5.65%	to	6.72%
2011	1,555	$8.99	to	$9.22	$ 14,206	1.17%	1.15%	to	2.45%	2.74%	to	3.95%
2010	849	$8.75	to	$8.87	$ 7,497	0.27%	1.15%	to	2.45%	5.42%	to	6.61%
2009	639	$8.30	to	$8.32	$ 5,311	(b)	1.15%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Retirement Growth Portfolio - Adviser Class
2012	8,911	$10.94	to	$11.28	$ 99,345	2.41%	1.15%	to	2.10%	10.62%	to	11.68%
2011	9,637	$9.84	to	$10.10	$ 96,553	0.84%	1.15%	to	2.45%	-3.53%	to	-2.42%
2010	10,641	$10.20	to	$10.36	$ 109,552	0.37%	1.05%	to	2.45%	9.08%	to	10.45%
2009	11,176	$9.35	to	$9.38	$ 104,708	(b)	1.05%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Retirement Moderate Growth Portfolio - Adviser Class
2012	6,803	$11.13	to	$11.58	$ 77,632	2.57%	1.05%	to	2.25%	9.01%	to	10.50%
2011	7,391	$10.19	to	$10.48	$ 76,707	1.06%	1.05%	to	2.45%	-2.30%	to	-1.04%
2010	8,508	$10.43	to	$10.59	$ 89,552	0.47%	1.05%	to	2.45%	8.53%	to	9.85%
2009	8,936	$9.61	to	$9.64	$ 86,030	(b)	1.05%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)

106

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 Moderate Portfolio - Adviser Class
2012	3,756	$11.39	to	$11.75	$ 43,590	3.28%	1.15%	to	2.10%	7.86%	to	8.90%
2011	4,222	$10.56	to	$10.79	$ 45,145	1.42%	1.15%	to	2.10%	0.00%	to	1.03%
2010	4,918	$10.53	to	$10.70	$ 52,270	0.57%	1.05%	to	2.45%	7.01%	to	8.41%
2009	4,951	$9.84	to	$9.87	$ 48,796	(b)	1.05%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING T. Rowe Price Capital Appreciation Portfolio - Service Class
2012	2,460	$12.30	to	$59.32	$ 37,716	1.63%	1.00%	to	2.10%	12.09%	to	13.32%
2011	2,457	$10.88	to	$54.41	$ 33,431	1.88%	1.00%	to	2.45%	0.55%	to	1.86%
2010	2,528	$10.70	to	$53.54	$ 33,896	1.66%	1.00%	to	2.45%	11.38%	to	12.91%
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%
ING T. Rowe Price Equity Income Portfolio - Service Class
2012	833	$10.34	to	$36.26	$ 10,968	2.03%	1.00%	to	2.25%	14.52%	to	16.09%
2011	857	$8.93	to	$31.33	$ 9,734	2.01%	1.00%	to	2.45%	-3.20%	to	-1.85%
2010	859	$9.12	to	$32.01	$ 9,877	1.60%	1.00%	to	2.45%	12.26%	to	13.75%
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%
ING T. Rowe Price International Stock Portfolio - Service Class
2012	442	$8.19	to	$14.23	$ 5,439	0.25%	1.00%	to	2.45%	16.01%	to	17.51%
2011	600	$6.98	to	$12.11	$ 6,408	3.36%	1.00%	to	2.45%	-14.33%	to	-13.19%
2010	556	$8.06	to	$13.96	$ 6,687	1.44%	1.00%	to	2.45%	11.13%	to	12.64%
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%
ING Templeton Global Growth Portfolio - Service Class
2012	364	$10.15	to	$25.32	$ 4,725	1.88%	1.15%	to	2.45%	18.89%	to	20.26%
2011	400	$8.45	to	$21.06	$ 4,338	1.69%	1.15%	to	2.45%	-7.88%	to	-6.77%
2010	490	$9.09	to	$22.62	$ 5,750	1.47%	1.15%	to	2.45%	5.29%	to	6.51%
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%

107

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
2012	39	$12.46	to	$12.59	$ 492	1.15%	1.00%	to	1.20%	14.94%	to	15.19%
2011	51	$10.84	to	$10.93	$ 555	1.08%	1.00%	to	1.20%	-4.32%	to	-4.12%
2010	65	$11.33	to	$11.40	$ 736	1.09%	1.00%	to	1.20%	20.66%	to	20.76%
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	(a)	1.00%	to	1.20%		(a)
ING Baron Growth Portfolio - Service Class
2012	898	$12.03	to	$15.40	$ 13,110	-	1.00%	to	2.45%	16.92%	to	18.40%
2011	1,013	$10.18	to	$12.83	$ 12,500	-	1.00%	to	2.45%	-0.17%	to	1.18%
2010	1,091	$10.08	to	$12.86	$ 13,342	-	1.00%	to	2.45%	23.55%	to	25.31%
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%
ING Columbia Small Cap Value II Portfolio - Service Class
2012	314	$10.13	to	$11.70	$ 3,386	0.23%	1.15%	to	2.60%	11.32%	to	12.83%
2011	362	$9.10	to	$10.37	$ 3,468	0.42%	1.15%	to	2.60%	-5.01%	to	-3.80%
2010	411	$9.58	to	$10.78	$ 4,100	1.23%	1.15%	to	2.60%	22.19%	to	23.91%
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%
ING Davis New York Venture Portfolio - Service Class
2012	878	$9.42	to	$10.33	$ 8,830	0.28%	1.00%	to	2.10%	9.84%	to	11.09%
2011	930	$8.49	to	$9.31	$ 8,468	0.98%	1.00%	to	2.10%	-6.65%	to	-5.62%
2010	1,019	$9.02	to	$9.90	$ 9,881	0.40%	1.00%	to	2.45%	9.44%	to	11.00%
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%
ING Global Bond Portfolio - Service Class
2012	21	$13.09	to	$13.24	$ 282	6.09%	1.00%	to	1.20%	6.34%	to	6.60%
2011	22	$12.31	to	$12.42	$ 276	6.47%	1.00%	to	1.20%	2.24%	to	2.48%
2010	10	$12.04	to	$12.12	$ 126	3.38%	1.00%	to	1.20%	14.12%	to	14.34%
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	(a)	1.00%	to	1.20%		(a)

108

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 Growth and Income Core Portfolio - Initial Class
2012	-	$11.74			$ 2	-	1.45%			7.71%
2011	-	$10.90			$ 2	-	1.45%			14.98%
2010	-		$9.48		$ 2	-	1.75%			9.47%
2009	-		$8.66		$ 2	-	1.75%			42.20%
2008	-		$6.09		$ 1	-	1.75%			-40.76%
ING Growth and Income Core Portfolio - Service Class
2012	17	$8.86	to	$8.95	$ 151	-	1.00%	to	1.20%	7.65%	to	7.83%
2011	22	$8.23	to	$8.30	$ 185	0.47%	1.00%	to	1.20%	-14.27%	to	-14.17%
2010	25	$9.60	to	$9.67	$ 237	1.42%	1.00%	to	1.20%	9.71%	to	10.01%
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	(a)	1.00%	to	1.20%		(a)
ING Invesco Van Kampen Comstock Portfolio - Service Class
2012	340	$10.14	to	$14.50	$ 4,285	1.28%	1.00%	to	2.60%	15.69%	to	17.41%
2011	353	$8.64	to	$12.35	$ 3,852	1.34%	1.00%	to	2.60%	-4.46%	to	-3.03%
2010	401	$8.91	to	$12.75	$ 4,530	1.20%	1.00%	to	2.60%	12.37%	to	13.94%
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%
ING Invesco Van Kampen Equity and Income Portfolio - Service Class
2012	217	$11.16	to	$13.45	$ 2,745	1.81%	1.00%	to	2.10%	10.16%	to	11.35%
2011	234	$10.04	to	$12.10	$ 2,675	1.58%	1.00%	to	2.10%	-3.38%	to	-2.31%
2010	373	$10.30	to	$12.42	$ 4,432	1.78%	1.00%	to	2.45%	9.47%	to	11.03%
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%
ING JPMorgan Mid Cap Value Portfolio - Service Class
2012	228	$12.14	to	$21.19	$ 3,700	0.64%	1.00%	to	2.25%	17.27%	to	18.78%
2011	299	$10.24	to	$17.85	$ 4,086	0.90%	1.00%	to	2.45%	-0.46%	to	0.79%
2010	250	$10.18	to	$17.71	$ 3,466	0.77%	1.00%	to	2.45%	20.07%	to	21.73%
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%

109

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 Oppenheimer Global Portfolio - Initial Class
2012	6	$14.50	to	$15.19	$ 95	0.93%	1.05%	to	1.65%	19.74%	to	20.36%
2011	10	$11.87	to	$12.62	$ 119	1.36%	1.05%	to	1.95%	-9.87%	to	-9.08%
2010	13	$13.17	to	$13.88	$ 176	1.76%	1.05%	to	1.95%	13.73%	to	14.90%
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%
ING Oppenheimer Global Portfolio - Service Class
2012	469	$10.60	to	$17.19	$ 7,118	1.06%	1.00%	to	2.45%	18.49%	to	20.07%
2011	534	$8.84	to	$14.32	$ 6,791	1.36%	1.00%	to	2.45%	-10.46%	to	-9.26%
2010	629	$9.77	to	$15.80	$ 8,835	1.42%	1.00%	to	2.45%	13.15%	to	14.58%
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%
ING PIMCO Total Return Portfolio - Service Class
2012	17	$13.45	to	$13.59	$ 227	3.14%	1.00%	to	1.20%	6.58%	to	6.76%
2011	17	$12.62	to	$12.73	$ 219	2.71%	1.00%	to	1.20%	2.02%	to	2.25%
2010	18	$12.37	to	$12.45	$ 223	3.08%	1.00%	to	1.20%	6.27%	to	6.50%
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	(a)	1.00%	to	1.20%		(a)
ING Solution 2015 Portfolio - Service Class
2012	16	$10.79	to	$10.91	$ 174	3.54%	1.00%	to	1.20%	10.10%	to	10.31%
2011	23	$9.80	to	$9.89	$ 222	3.27%	1.00%	to	1.20%	-1.90%	to	-1.69%
2010	21	$9.99	to	$10.06	$ 206	2.08%	1.00%	to	1.20%	9.90%	to	10.19%
2009	20	$9.09	to	$9.13	$ 179	5.85%	1.00%	to	1.20%	20.88%
2008	3		$7.52		$ 26	(a)	1.20%				(a)
ING Solution 2025 Portfolio - Service Class
2012	120	$10.28	to	$10.39	$ 1,241	2.75%	1.00%	to	1.20%	12.10%	to	12.32%
2011	118	$9.17	to	$9.25	$ 1,088	2.15%	1.00%	to	1.20%	-4.28%	to	-4.15%
2010	119	$9.58	to	$9.65	$ 1,143	1.46%	1.00%	to	1.20%	12.44%	to	12.73%
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	(a)	1.00%	to	1.20%		(a)

110

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 2035 Portfolio - Service Class
2012	13	$10.15	to	$10.26	$ 137	2.33%	1.00%	to	1.20%	13.79%	to	14.00%
2011	14	$8.92	to	$9.00	$ 121	1.60%	1.00%	to	1.20%	-5.81%	to	-5.56%
2010	14	$9.47	to	$9.53	$ 129	0.82%	1.00%	to	1.20%	13.14%	to	13.32%
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	(a)	1.00%	to	1.20%		(a)
ING Solution 2045 Portfolio - Service Class
2012	2	$10.03			$ 21	-	1.00%			14.37%
2011	2		$8.77		$ 18	-	1.00%			-6.10%
2010	2		$9.34		$ 20	-	1.00%			13.90%
2009	2		$8.20		$ 17	-	1.00%			28.53%
2008	2		$6.38		$ 14	(a)	1.00%				(a)
ING Solution Income Portfolio - Service Class
2012	4	$11.48			$ 50	2.40%	1.20%			8.51%
2011	11	$10.58			$ 117	4.57%	1.20%			-0.84%
2010	10	$10.67			$ 102	3.16%	1.20%			8.22%
2009	9		$9.86		$ 88	5.76%	1.20%			15.86%
2008	6	$8.51	to	$8.53	$ 51	(a)	1.00%	to	1.20%		(a)
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service
Class
2012	122	$12.02	to	$12.16	$ 1,478	0.28%	1.00%	to	1.20%	14.48%	to	14.72%
2011	131	$10.50	to	$10.60	$ 1,387	0.13%	1.00%	to	1.20%	-5.06%	to	-4.85%
2010	157	$11.06	to	$11.14	$ 1,745	0.07%	1.00%	to	1.20%	26.54%	to	26.88%
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	(a)	1.00%	to	1.20%		(a)
ING T. Rowe Price Growth Equity Portfolio - Service Class
2012	398	$10.12	to	$11.80	$ 4,248	-	1.00%	to	2.25%	16.02%	to	17.33%
2011	369	$8.80	to	$10.07	$ 3,379	-	1.00%	to	2.10%	-3.30%	to	-2.29%
2010	423	$9.04	to	$10.32	$ 3,991	0.03%	1.00%	to	2.45%	14.00%	to	15.40%
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%

111

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 Foreign Equity Portfolio - Service Class
2012	1,316	$8.86	to	$10.59	$ 13,595	1.96%	1.00%	to	2.10%	16.14%	to	17.45%
2011	589	$7.56	to	$9.04	$ 5,186	1.71%	1.00%	to	2.10%	-14.07%	to	-13.01%
2010	895	$8.72	to	$10.53	$ 9,121	1.85%	1.00%	to	2.45%	6.08%	to	7.48%
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%
ING UBS U.S. Large Cap Equity Portfolio - Service Class
2012	33	$9.33	to	$12.71	$ 386	0.76%	1.00%	to	2.00%	10.82%	to	11.98%
2011	38	$8.35	to	$11.35	$ 405	0.59%	1.00%	to	2.10%	-4.74%	to	-3.66%
2010	58	$8.69	to	$11.79	$ 604	0.67%	1.00%	to	2.10%	10.69%	to	11.89%
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%
ING Strategic Allocation Conservative Portfolio - Class S
2012	-	$11.02			-	-	1.20%			10.64%
2011	-		$9.96		-	-	1.20%			0.30%
2010	-		$9.93		-	-	1.20%			9.60%
2009	-		$9.06		-	(b)	1.20%				(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Strategic Allocation Growth Portfolio - Class S
2012	3	$9.90	to	$10.01	$ 34	2.08%	1.00%	to	1.20%	13.27%	to	13.62%
2011	7	$8.74	to	$8.81	$ 62	3.09%	1.00%	to	1.20%	-4.27%	to	-4.13%
2010	14	$9.13	to	$9.19	$ 132	3.11%	1.00%	to	1.20%	11.48%	to	11.66%
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	(a)	1.00%	to	1.20%		(a)
ING Strategic Allocation Moderate Portfolio - Class S
2012	3	$10.45	to	$10.57	$ 34	3.08%	1.00%	to	1.20%	12.12%	to	12.33%
2011	3	$9.32	to	$9.41	$ 31	3.17%	1.00%	to	1.20%	-2.10%	to	-1.88%
2010	3	$9.52	to	$9.59	$ 32	3.28%	1.00%	to	1.20%	10.31%	to	10.61%
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	(a)	1.00%	to	1.20%		(a)

112

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 Growth and Income Portfolio - Class A
2012	2,532	$10.72	to	$10.95	$ 27,465	1.39%	1.00%	to	2.10%	12.84%	to	14.06%
2011	2,838	$9.49	to	$9.60	$ 27,118	(d)	1.00%	to	2.25%		(d)
2010	(d)		(d)		(d)	(d)		(d)			(d)
2009	(d)		(d)		(d)	(d)		(d)			(d)
2008	(d)		(d)		(d)	(d)		(d)			(d)
ING Growth and Income Portfolio - Class I
2012	70	$9.94	to	$10.01	$ 702	1.40%	1.25%	to	1.40%	14.25%	to	14.27%
2011	132	$8.70	to	$8.76	$ 1,153	1.28%	1.25%	to	1.40%	-1.69%	to	-1.46%
2010	153	$8.85	to	$8.89	$ 1,354	1.07%	1.25%	to	1.40%	12.45%	to	12.67%
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%
ING Growth and Income Portfolio - Class S
2012	1,160	$9.45	to	$10.83	$ 11,408	1.57%	1.00%	to	2.10%	13.04%	to	14.30%
2011	1,314	$8.36	to	$9.48	$ 11,339	1.65%	1.00%	to	2.10%	-2.68%	to	-1.46%
2010	573	$8.53	to	$9.62	$ 5,047	0.86%	1.00%	to	2.45%	11.21%	to	12.69%
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%
ING GET U.S. Core Portfolio - Series 11
2012	20	$10.09	to	$10.38	$ 208	1.90%	1.55%	to	1.95%	-2.42%	to	-1.98%
2011	20	$10.15	to	$10.59	$ 213	2.23%	1.55%	to	2.25%	-1.36%	to	-0.75%
2010	23	$10.29	to	$10.67	$ 236	2.58%	1.55%	to	2.25%	2.49%	to	3.19%
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%
ING GET U.S. Core Portfolio - Series 12
2012	-	$10.43			$ 1	-	1.75%			-1.14%
2011	2	$10.42	to	$10.55	$ 21	2.67%	1.75%	to	1.95%	-0.86%
2010	5	$10.26	to	$10.51	$ 54	3.70%	1.95%	to	2.45%	3.22%	to	3.66%
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%

113

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 13
2012	48	$10.20			$ 493	1.99%	1.95%			-2.21%
2011	49	$10.43	to	$10.55	$ 511	2.07%	1.75%	to	1.95%	-0.19%
2010	63	$10.21	to	$10.45	$ 647	2.50%	1.95%	to	2.45%	3.97%	to	4.50%
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%
ING GET U.S. Core Portfolio - Series 14
2012	452	$10.02	to	$10.69	$ 4,667	2.92%	1.55%	to	2.60%	-2.81%	to	-1.75%
2011	676	$10.31	to	$10.88	$ 7,097	3.04%	1.55%	to	2.60%	0.59%	to	1.68%
2010	831	$10.25	to	$10.70	$ 8,621	3.95%	1.55%	to	2.60%	4.06%	to	5.21%
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%
ING BlackRock Science and Technology Opportunities Portfolio -
Class S
2012	537	$10.24	to	$10.95	$ 5,671	-	1.00%	to	2.25%	5.13%	to	6.52%
2011	633	$9.72	to	$10.28	$ 6,313	-	1.00%	to	2.45%	-12.59%	to	-11.46%
2010	662	$11.12	to	$11.61	$ 7,515	-	1.00%	to	2.45%	15.47%	to	17.04%
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	(a)	1.00%	to	2.45%		(a)
ING Euro STOXX 50® Index Portfolio - Class A
2012	10	$8.46	to	$8.68	$ 84	2.84%	1.15%	to	1.95%	19.58%	to	20.45%
2011	8	$7.10	to	$7.21	$ 57	5.63%	1.15%	to	1.85%	-18.76%	to	-18.25%
2010	10	$8.74	to	$8.82	$ 85	-	1.15%	to	1.85%	-10.70%	to	-10.18%
2009	5	$9.81	to	$9.82	$ 53	(b)	1.15%	to	1.65%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING FTSE 100 Index® Portfolio - Class A
2012	-	$11.62	to	$11.89	$ 3	(e)	1.25%	to	1.95%		(e)
2011	(e)		(e)		(e)	(e)		(e)			(e)
2010	(e)		(e)		(e)	(e)		(e)			(e)
2009	(e)		(e)		(e)	(e)		(e)			(e)
2008	(e)		(e)		(e)	(e)		(e)			(e)

114

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
2012	134	$13.63	to	$14.12	$ 1,860	1.06%	1.15%	to	2.10%	25.74%	to	26.86%
2011	190	$10.80	to	$11.13	$ 2,084	2.68%	1.15%	to	2.25%	-20.24%	to	-19.35%
2010	196	$13.53	to	$13.80	$ 2,685	0.05%	1.15%	to	2.45%	5.05%	to	6.24%
2009	129	$12.88	to	$12.99	$ 1,663	(b)	1.15%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Index Plus LargeCap Portfolio - Class S
2012	245	$9.88	to	$12.24	$ 2,845	1.37%	1.00%	to	2.00%	11.88%	to	13.01%
2011	293	$8.76	to	$10.88	$ 2,990	1.76%	1.00%	to	2.10%	-2.35%	to	-1.34%
2010	384	$8.90	to	$11.08	$ 3,959	1.70%	1.00%	to	2.25%	11.09%	to	12.43%
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%
ING Index Plus MidCap Portfolio - Class S
2012	368	$11.25	to	$17.44	$ 5,322	0.65%	1.00%	to	2.45%	14.74%	to	16.14%
2011	431	$9.70	to	$15.02	$ 5,371	0.61%	1.00%	to	2.45%	-3.67%	to	-2.30%
2010	539	$9.96	to	$15.39	$ 6,808	0.85%	1.00%	to	2.45%	18.75%	to	20.33%
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%
ING Index Plus SmallCap Portfolio - Class S
2012	330	$10.22	to	$16.50	$ 4,383	0.31%	1.00%	to	2.45%	9.52%	to	11.08%
2011	395	$9.22	to	$14.87	$ 4,731	0.61%	1.00%	to	2.45%	-3.24%	to	-1.98%
2010	473	$9.42	to	$15.17	$ 5,734	0.48%	1.00%	to	2.45%	19.59%	to	21.20%
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%
ING International Index Portfolio - Class S
2012	453	$7.89	to	$15.13	$ 3,864	2.51%	1.00%	to	2.10%	16.03%	to	17.38%
2011	443	$6.80	to	$12.89	$ 3,297	2.54%	1.00%	to	2.10%	-14.25%	to	-13.37%
2010	472	$7.89	to	$14.88	$ 4,169	3.27%	1.00%	to	2.45%	5.19%	to	6.59%
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	(a)	1.15%	to	2.45%		(a)

115

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 Japan TOPIX Index® Portfolio - Class A
2012	8	$9.79	to	$10.05	$ 81	1.09%	1.15%	to	1.95%	5.50%	to	6.26%
2011	11	$9.28	to	$9.43	$ 102	3.28%	1.25%	to	1.95%	-15.08%	to	-14.81%
2010	2	$11.01	to	$11.07	$ 20	(c)	1.25%	to	1.65%		(c)
2009	(c)		(c)		(c)	(c)		(c)			(c)
2008	(c)		(c)		(c)	(c)		(c)			(c)
ING Russell™ Large Cap Growth Index Portfolio - Class S
2012	103	$15.82	to	$16.49	$ 1,667	0.99%	1.00%	to	2.10%	11.88%	to	13.10%
2011	108	$14.14	to	$14.58	$ 1,555	0.90%	1.00%	to	2.10%	1.73%	to	2.89%
2010	94	$13.85	to	$14.17	$ 1,321	0.57%	1.00%	to	2.45%	9.92%	to	11.32%
2009	89	$12.60	to	$12.73	$ 1,128	(b)	1.00%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Russell™ Large Cap Index Portfolio - Class S
2012	869	$9.99	to	$16.26	$ 9,248	2.16%	1.05%	to	2.10%	12.88%	to	14.01%
2011	862	$8.80	to	$14.37	$ 8,127	1.50%	1.05%	to	2.25%	-0.11%	to	1.10%
2010	762	$8.80	to	$14.24	$ 7,223	3.22%	1.05%	to	2.45%	9.44%	to	10.83%
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	(a)	1.15%	to	2.45%		(a)
ING Russell™ Large Cap Value Index Portfolio - Class S
2012	109	$15.05	to	$15.75	$ 1,690	1.79%	1.05%	to	2.25%	13.33%	to	14.71%
2011	115	$13.26	to	$13.73	$ 1,559	1.50%	1.05%	to	2.45%	-1.70%	to	-0.44%
2010	129	$13.49	to	$13.79	$ 1,766	1.50%	1.05%	to	2.45%	8.53%	to	9.97%
2009	114	$12.43	to	$12.54	$ 1,431	(b)	1.05%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)
ING Russell™ Mid Cap Growth Index Portfolio - Class S
2012	237	$17.25	to	$17.88	$ 4,179	0.34%	1.15%	to	2.10%	13.11%	to	14.18%
2011	258	$15.19	to	$15.66	$ 4,001	0.44%	1.15%	to	2.25%	-4.41%	to	-3.33%
2010	282	$15.87	to	$16.20	$ 4,547	0.29%	1.15%	to	2.45%	22.93%	to	24.42%
2009	288	$12.91	to	$13.02	$ 3,743	(b)	1.15%	to	2.45%		(b)
2008	(b)		(b)		(b)	(b)		(b)			(b)

116

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 Index Portfolio - Class S
2012	225	$11.23	to	$11.75	$ 2,585	0.91%	1.05%	to	2.00%	14.33%	to	15.29%
2011	249	$9.82	to	$10.14	$ 2,495	1.19%	1.15%	to	2.00%	-4.01%	to	-3.15%
2010	262	$10.16	to	$10.50	$ 2,725	0.48%	1.05%	to	2.25%	22.12%	to	23.53%
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	(a)	1.15%	to	2.45%		(a)
ING Russell™ Small Cap Index Portfolio - Class S
2012	335	$11.32	to	$11.85	$ 3,862	0.67%	1.05%	to	2.00%	13.54%	to	14.60%
2011	359	$9.88	to	$10.34	$ 3,636	0.93%	1.05%	to	2.25%	-6.26%	to	-5.14%
2010	239	$10.53	to	$10.90	$ 2,576	0.40%	1.05%	to	2.45%	23.13%	to	24.71%
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	(a)	1.05%	to	2.45%		(a)
ING Small Company Portfolio - Class S
2012	220	$11.46	to	$12.00	$ 2,575	0.16%	1.00%	to	2.10%	11.80%	to	13.11%
2011	238	$10.19	to	$10.62	$ 2,466	0.25%	1.00%	to	2.25%	-4.86%	to	-3.65%
2010	302	$10.61	to	$11.04	$ 3,248	0.32%	1.00%	to	2.45%	21.15%	to	22.87%
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	(a)	1.00%	to	2.45%		(a)
ING U.S. Bond Index Portfolio - Class S
2012	453	$11.54	to	$12.17	$ 5,388	2.04%	1.00%	to	2.10%	1.41%	to	2.53%
2011	479	$11.30	to	$11.87	$ 5,586	2.00%	1.00%	to	2.45%	4.53%	to	5.90%
2010	519	$10.81	to	$11.21	$ 5,730	2.48%	1.00%	to	2.45%	3.44%	to	4.86%
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	(a)	1.00%	to	2.45%		(a)
ING WisdomTreeSM Global High-Yielding Equity Index Portfolio -
Class S
2012	443	$8.38	to	$8.81	$ 3,849	3.98%	1.15%	to	2.25%	12.48%	to	13.82%
2011	488	$7.43	to	$7.77	$ 3,737	3.05%	1.15%	to	2.45%	-6.07%	to	-5.01%
2010	583	$7.91	to	$8.18	$ 4,718	3.59%	1.15%	to	2.45%	3.39%	to	4.66%
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	(a)	1.15%	to	2.45%		(a)

117

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 International Value Portfolio - Class S
2012	62	$7.99	to	$8.08	$ 501	2.23%	1.00%	to	1.20%	17.67%	to	17.96%
2011	85	$6.79	to	$6.85	$ 577	2.46%	1.00%	to	1.20%	-16.07%	to	-15.85%
2010	119	$8.09	to	$8.14	$ 966	1.73%	1.00%	to	1.20%	1.13%	to	1.24%
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	(a)	1.00%	to	1.20%		(a)
ING MidCap Opportunities Portfolio - Class S
2012	477	$12.32	to	$14.22	$ 6,176	0.42%	1.00%	to	2.00%	11.59%	to	12.77%
2011	491	$11.04	to	$12.61	$ 5,683	-	1.00%	to	2.00%	-2.73%	to	-1.79%
2010	460	$11.26	to	$12.84	$ 5,472	0.50%	1.00%	to	2.45%	26.94%	to	28.66%
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%
ING SmallCap Opportunities Portfolio - Class S
2012	50	$12.63	to	$17.68	$ 740	-	1.00%	to	2.00%	12.64%	to	13.81%
2011	60	$11.13	to	$15.58	$ 782	-	1.00%	to	2.00%	-1.46%	to	-0.53%
2010	66	$11.20	to	$15.69	$ 863	-	1.00%	to	2.00%	29.37%	to	30.71%
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%
Legg Mason ClearBridge Variable Large Cap Value Portfolio - Class I
2012	29	$9.72	to	$9.81	$ 287	2.08%	1.25%	to	1.40%	14.76%	to	15.01%
2011	34	$8.47	to	$8.53	$ 290	2.30%	1.25%	to	1.40%	3.55%	to	3.65%
2010	39	$8.18	to	$8.23	$ 318	2.87%	1.25%	to	1.40%	7.92%	to	8.15%
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%
Legg Mason Variable Lifestyle Allocation 50%
2012	57	$18.99	to	$19.46	$ 1,094	2.68%	1.25%	to	1.40%	11.51%	to	11.71%
2011	63	$17.03	to	$17.42	$ 1,070	2.52%	1.25%	to	1.40%	-0.23%	to	-0.11%
2010	72	$17.07	to	$17.44	$ 1,234	2.90%	1.25%	to	1.40%	12.75%	to	12.95%
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%

118

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 Variable Lifestyle Allocation 70%
2012	26	$16.27	to	$16.66	$ 432	2.35%	1.25%	to	1.40%	12.99%	to	13.10%
2011	35	$14.40	to	$14.73	$ 506	1.89%	1.25%	to	1.40%	-1.97%	to	-1.80%
2010	37	$14.69	to	$15.00	$ 551	2.05%	1.25%	to	1.40%	13.44%	to	13.55%
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%
Legg Mason Variable Lifestyle Allocation 85%
2012	11	$15.78	to	$16.17	$ 175	1.56%	1.25%	to	1.40%	14.27%	to	14.44%
2011	15	$13.81	to	$14.13	$ 210	1.29%	1.25%	to	1.40%	-3.70%	to	-3.48%
2010	18	$14.34	to	$14.64	$ 256	1.55%	1.25%	to	1.40%	14.08%	to	14.20%
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%
Western Asset Variable High Income Portfolio
2012	9	$24.84	to	$25.52	$ 226	8.53%	1.25%	to	1.40%	16.18%	to	16.42%
2011	9	$21.38	to	$21.92	$ 196	8.89%	1.25%	to	1.40%	0.99%	to	1.11%
2010	10	$21.17	to	$21.68	$ 209	9.69%	1.25%	to	1.40%	14.99%	to	15.20%
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%
Oppenheimer Main Street Small- & Mid-Cap Fund®/VA - Service Class
2012	6		$11.36		$ 73	-		1.00%			16.51%
2011	6		$9.75		$ 63	-		1.00%			-3.37%
2010	9	$10.02	to	$10.09	$ 88	-	1.00%	to	1.20%	21.60%	to	21.86%
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%
PIMCO Real Return Portfolio - Administrative Class
2012	78	$14.56	to	$14.71	$ 1,139	1.26%	1.00%	to	1.20%	7.45%	to	7.61%
2011	139	$13.55	to	$13.67	$ 1,887	7.20%	1.00%	to	1.20%	10.34%	to	10.60%
2010	18	$12.28	to	$12.36	$ 225	1.46%	1.00%	to	1.20%	6.88%	to	7.01%
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	(a)	1.00%	to	1.20%		(a)

119

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)
Pioneer Equity Income VCT Portfolio - Class II
2012	150	$10.30	to	$10.42	$ 1,560	3.75%	1.00%	to	1.20%	8.65%	to	8.88%
2011	172	$9.48	to	$9.57	$ 1,643	2.04%	1.00%	to	1.20%	4.52%	to	4.70%
2010	185	$9.07	to	$9.14	$ 1,683	1.93%	1.00%	to	1.20%	17.79%	to	18.09%
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%
ProFund VP Bull
2012	2	$9.68	to	$11.63	$ 20	-	1.25%	to	1.85%	11.84%	to	12.43%
2011	2	$8.16	to	$10.36	$ 24	-	1.25%	to	1.85%	-1.86%	to	-1.26%
2010	3	$8.30	to	$10.51	$ 26	-	1.25%	to	1.85%	10.46%	to	11.22%
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%
ProFund VP Europe 30
2012	2	$9.97	to	$11.85	$ 25	2.94%	1.25%	to	1.45%	14.94%	to	15.13%
2011	4	$8.21	to	$10.31	$ 43	-	1.25%	to	1.95%	-10.61%	to	-10.07%
2010	5	$9.17	to	$11.48	$ 51	1.67%	1.25%	to	1.95%	0.63%	to	1.37%
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%
ProFund VP Rising Rates Opportunity
2012	28	$2.87	to	$3.23	$ 88	-	1.25%	to	1.95%	-8.82%	to	-8.31%
2011	29	$3.00	to	$3.53	$ 97	-	1.05%	to	1.95%	-38.71%	to	-38.13%
2010	31	$4.83	to	$5.65	$ 165	-	1.05%	to	1.95%	-17.68%	to	-16.96%
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%
Invesco Van Kampen American Franchise Fund - Class I Shares
2012	12	$9.89	to	$9.94	$ 115	(e)	1.25%	to	2.00%		(e)
2011	(e)		(e)		(e)	(e)		(e)			(e)
2010	(e)		(e)		(e)	(e)		(e)			(e)
2009	(e)		(e)		(e)	(e)		(e)			(e)
2008	(e)		(e)		(e)	(e)		(e)			(e)

120

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

SEPARATE ACCOUNT NY-B 

Notes to Financial Statements 

(a)	As investment Division had no investments until 2008, this data is not meaningful and is therefore not presented.
(b)	As investment Division had no investments until 2009, this data is not meaningful and is therefore not presented.
(c)	As investment Division had no investments until 2010, this data is not meaningful and is therefore not presented.
(d)	As investment Division had no investments until 2011, this data is not meaningful and is therefore not presented.
(e)	As investment Division had no investments until 2012, 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, excluding expenses charged through the redemption of units, and is equal
	to the mortality and expense, administrative, and other charges, as defined in the Charges and Fees note. 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.

121 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Financial Statements Statutory Basis
December 31, 2012
Contents
Report of Independent Registered Public Accounting Firm	1
Audited Financial Statements – Statutory Basis
Balance Sheets – Statutory Basis – as of December 31, 2012 and 2011	3
Statements of Operations – Statutory Basis – for the years ended December 31, 2012,
2011 and 2010	5
Statements of Changes in Capital and Surplus – Statutory Basis – for the years ended
December 31, 2012, 2011 and 2010	6
Statements of Cash Flows – Statutory Basis – for the years ended December 31, 2012,
2011 and 2010	7
Notes to Financial Statements – Statutory Basis	8

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Balance Sheets – Statutory Basis
	December 31
	2012		2011
	(In Thousands)
Admitted Assets
Cash and invested assets:
Bonds	$ 1,821,486	$ 1,690,908
Bonds - securities loaned and pledged	24,393		93,675
Preferred stocks	600		300
Common stocks	668		634
Mortgage loans	101,091		87,902
Contract loans	110,334		109,991
Securities lending collateral	15,069		85,026
Derivatives	26,407		25,851
Other invested assets	12,228		25,524
Cash and short term investments	47,617		124,383
Total cash and invested assets	2,159,893		2,244,194
Deferred and uncollected premiums, less loading (2012-[$3,788]; 2011-[$13,683])	(10,617)		(11,650)
Accrued investment income	22,314		22,748
Reinsurance balances recoverable	24,775		21,437
Indebtedness from related parties	5,690		794
Federal income tax recoverable (including $5,703 on unrealized capital
losses at December 31, 2011)	-		2,133
Net deferred tax asset	38,512		38,356
Other assets	2,898		301
Separate account assets	988,610		989,587
Total admitted assets	$ 3,232,075	$ 3,307,900

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
	2012		2011
	(In Thousands,
	except share amounts)
Liabilities and Capital and Surplus
Liabilities:
Policy and contract liabilities:
Life and annuity reserves	$ 1,671,372	$ 1,713,754
Accident and health reserves	37,251		37,950
Deposit type contracts	101,837		106,739
Policyholders’ funds	457		385
Dividends payable	1,106		1,059
Policy and contract claims	25,405		37,370
Total policy and contract liabilities	1,837,428		1,897,257
Accounts payable and accrued expenses	4,003		7,585
Reinsurance balances	633		1,579
Indebtedness to related parties	22,033		11,169
Current federal income taxes payable (including $5,251 on realized
capital losses at December 31, 2012)	5,729		-
Contingency reserve	4,124		4,104
Asset valuation reserve	1,190		15,616
Net transfers from separate accounts	(15,520)		(22,850)
Derivatives	2,704		1,893
Payable for securities lending	15,069		85,026
Other liabilities	31,483		35,409
Separate account liabilities	988,610		989,587
Total liabilities	2,897,486		3,026,375
Capital and surplus:
Common stock: $2.00 par value; 1,377,863 shares authorized, issued
and outstanding	2,756		2,756
Special surplus funds	-		17,780
Paid in and contributed surplus	228,881		228,881
Unassigned surplus	102,952		32,108
Total capital and surplus	334,589		281,525
Total liabilities and capital and surplus	$ 3,232,075	$ 3,307,900

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
	2012		2011		2010
		(In Thousands)
Premiums and other revenues:
Life, annuity, and accident and health premiums	$ 157,436	$ 114,264		$ 174,243
Considerations for supplementary contracts with life contingencies	3,330		2,029		5,986
Net investment income	102,952		109,020		106,402
Amortization of interest maintenance reserve	(1,559)		(1,044)		(2,017)
Commissions, expense allowances and reserve adjustments on
reinsurance ceded	39,385		50,900		30,444
Other revenues	29,566		30,484		33,911
Total premiums and other revenues	331,110		305,653		348,969
Benefits paid or provided:
Death benefits	85,027		97,722		86,909
Annuity benefits	17,214		15,643		13,669
Surrender benefits and withdrawals	143,380		173,625		131,220
Interest on policy or contract funds	5,907		3,017		3,415
Accident and health benefits	28,741		25,260		24,904
Other benefits	4,232		3,731		3,396
(Decrease) increase in life, annuity, and accident and health reserves	(43,071)		49,842		3,186
Net transfers from separate accounts	(89,310)		(95,991)		(21,262)
Total benefits paid or provided	152,120		272,849		245,437
Insurance expenses and other deductions:
Commissions	33,528		34,585		29,945
General expenses	42,671		40,745		40,530
Insurance taxes, licenses and fees	6,575		2,014		13,936
Other deductions	11,049		910		118
Total insurance expenses and other deductions	93,823		78,254		84,529
Gain (loss) from operations before policyholder dividends,
federal income taxes and net realized capital losses	85,167		(45,450)		19,003
Dividends to policyholders	1,063		977		927
Gain (loss) from operations before federal income taxes and net
realized capital losses	84,104		(46,427)		18,076
Federal income tax expense (benefit)	22,241		(973)		3,113
Gain (loss) from operations before net realized capital losses	61,863		(45,454)		14,963
Net realized capital losses	(27,822)		(3,602)		(34,989)
Net income (loss)	$ 34,041	$ (49,056)		$ (20,026)

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
	2012	2011		2010
		(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	17,780	20,514		7,255
Change in admitted deferred tax asset per SSAP 10R	(17,780)	(2,734)		13,259
Balance at end of year	-	17,780		20,514
Paid-in and contributed surplus:
Balance at beginning and end of year	228,881	228,881		228,881
Unassigned surplus
Balance at beginning of year	32,108	68,045		83,699
Net income (loss)	34,041	(49,056)		(20,026)
Change in net unrealized capital gains (losses)	8	17,414		(847)
Change in nonadmitted assets	28,378	(9,869)		(8,754)
Change in reserve on account of change in valuation basis	-	-		2,191
Change in liability for reinsurance in unauthorized companies	3	1		1,783
Change in asset valuation reserve	14,426	(12,857)		(535)
Change in net deferred income tax	(1,403)	16,082		13,246
Deferred gain on reinsurance of existing business	-	5,189		-
Amortization of gain on reinsurance	(2,885)	(2,841)		(2,712)
Cumulative effect of change in accounting principle	(1,881)	-		-
Prior period adjustment	157	-		-
Balance at end of year	102,952	32,108		68,045
Total capital and surplus	$ 334,589	$ 281,525	$ 320,196

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
	2012		2011		2010
		(In Thousands)
Operations
Premiums, policy proceeds, and other considerations received,
net of reinsurance paid	$ 144,338	$ 130,854		$ 186,495
Net investment income received	106,997		110,525		106,945
Commission and expenses paid	(86,354)		(67,416)		(80,257)
Benefits paid	(302,890)		(303,732)		(272,303)
Net transfers from separate accounts	96,601		107,482		30,268
Dividends paid to policyholders	(1,022)		(927)		(893)
Federal income taxes (paid) received	(11,175)		1,591		(7,047)
Miscellaneous income	72,295		79,029		63,149
Net cash provided by operations	18,790		57,406		26,357
Investment Activities
Proceeds
Bonds	345,957		370,662		468,553
Stocks	-		247		1,946
Mortgage loans	17,321		16,370		11,352
Other invested assets	10,279		2,658		3,236
Miscellaneous proceeds	517		1,861		1,594
Total proceeds from sales, maturities, or repayments of investments	374,074		391,798		486,681
Cost of investments acquired:
Bonds	406,619		383,286		663,033
Stocks	300		473		2,080
Mortgage loans	30,510		10,700		2,400
Other invested assets	554		1,315		1,724
Miscellaneous applications	29,275		9,128		18,393
Total cost of investments acquired	467,258		404,902		687,630
Net (increase) decrease in contract loans	(287)		325		(2,390)
Net cash used in investment activities	(93,471)		(12,779)		(203,339)
Financing and Miscellaneous Activities
Other cash provided:
Net (withdrawals) deposits on deposit type contracts	(4,902)		2,497		20,432
Other cash provided (used)	2,817		8,206		(3,926)
Net cash (used in) provided by miscellaneous activities	(2,085)		10,703		16,506
Net (decrease) increase in cash and short term investments	(76,766)		55,330		(160,476)
Cash and short term investments:
Beginning of year	124,383		69,053		229,529
End of year	$ 47,617	$ 124,383		$ 69,053

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, 2012
(Dollar amounts in millions, unless otherwise stated)
1.	Organization 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 U.S., Inc.
	(“ING US”), a Delaware domiciled non-insurance holding company. ING US name was
	changed from ING America Insurance Holdings, Inc. on June 14, 2012. The Company’s
	ultimate parent is ING Groep, N.V. (“ING”), a global financial services company based
	in the Netherlands.
	ING has announced the anticipated separation of its global banking and insurance
	business. While all options for effecting the separation of ING U.S. and its subsidiaries,
	including the Company from ING remain open, ING has announced that the base case for
	this separation includes an initial public offering (“IPO”) of ING U.S., which together
	with its subsidiaries, constitutes ING’s U.S.-based retirement, investment management,
	and insurance operations. ING U.S. filed a registration statement on Form S-1 with the
	U.S. Securities and Exchange Commission (“SEC”) on November 9, 2012, which was
	amended on January 23, 2013 and March 19, 2013, in connection with the proposed IPO
	of its common stock.
	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
	Effective January 1, 2012, the Company adopted SSAP No. 101, Income Taxes, A
	replacement of SSAP No. 10R and SSAP No. 10 (“SSAP No. 101”). SSAP No. 101
	changes statutory accounting for income taxes in two key areas (1) tax contingencies and
	(2) the admissibility of deferred tax assets.
8

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

Under SSAP No.101, federal and foreign income tax contingencies are now determined 

under a modified version of SSAP No. 5R, Liabilities, Contingencies and Impairment of 

Assets – Revised (“SSAP No. 5R”). Under this standard, the recognition of tax loss 

contingencies uses a more likely than not model. 

SSAP No. 101 also provides for a three-step calculation to determine the admitted portion 

of adjusted gross deferred tax assets. In the first part of the admissibility test, all filers 

will be allowed to use a reversal period that corresponds to the tax loss carryback 

provisions of the Internal Revenue Code (not to exceed three years). In the second part 

of the admissibility test, the reversal period and surplus limitation parameters (one year 

and 10 percent or three years and 15 percent) are determined based upon risk-based 

capital (“RBC”) levels. Companies not meeting the minimum threshold are prohibited 

from admitting anything in this part of the admissibility test. For purposes of 

determining test parameters, calculations of RBC or surplus thresholds will use current 

reporting period information. In step 3 of the admissibility calculation, SSAP No. 101 

allows the admittance of adjusted gross deferred tax assets (after application of steps 1 

and 2) to the extent that offsetting by deferred tax liabilities of the same tax character (i.e. 

ordinary versus capital) would be permitted in the tax return under current tax laws. 

Additionally, an entity would have to consider the reversal patterns of temporary 

differences. Whether or not scheduling of reversing deferred tax assets and liabilities is 

necessary is a matter of judgment based on the specific facts and circumstances. The 

third part of the admissibility calculation under SSAP No. 101 is consistent with SSAP 

No. 10R, Income Taxes – A Temporary Replacement of SSAP No. 10 (“SSAP No. 10R”), 

except the consideration of reversal patterns of temporary differences was not explicitly 

stated. 

The effect on the Company’s 2012 financial statements of adopting this change in 

accounting principle at January 1, 2012 was a decrease in assets and surplus of $1.9. 

This decrease was solely attributable to the use of the current quarter’s surplus in 

admissibility test parameters. The adoption had no impact on total liabilities or net 

income. 

Effective December 31, 2011, the Company adopted SSAP No. 5R. This statement 

defines and establishes accounting for liabilities, contingencies and impairments of 

assets, particularly contingencies related to or on behalf of direct or indirect wholly 

owned insurance and non-insurance subsidiaries. At inception, the Company is required 

to record a liability equal to the fair value of the guarantee. If the Company subsequently 

determines that it is probable that payment will be required under the guarantee, the 

liability recorded will be an amount equal to the greater of the fair value of the guarantee 

or the undiscounted future payments required under the guarantee. There was no impact 

to the Company’s financial statements as a result of adopting this accounting standard. 

See Note 13 for additional disclosures required by this statement. 

9

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Effective December 31, 2011, the Company adopted the modifications made to SSAP
No. 22, Leases (“SSAP No. 22”), as they relate to modification and early termination of
leases. Under the provisions of the statement, early termination or non-use of leased
property benefits, are recognized at fair value as follows:
	a.	Liabilities for costs to terminate a contract before the end of its term are
		recognized when the Company terminated in accordance with the contract terms.
	b.	Liabilities for costs that will continue to be incurred under a contract for its
		remaining term without economic benefit are recognized as of the date the
		Company no longer has the right to use the leased property. The fair value of the
		liability on that date will be determined based on the remaining lease rentals,
		adjusted for the effects of any prepaid or deferred items recognized under the
		lease, and reduced by estimated sublease rentals that could be reasonably obtained
		for the property, even if there is no intent to enter into a sublease.
The Company did not recognize a liability as a result of the adoption of this statement.
There was no impact to net income. See Note 13 for additional disclosures required by
this statement.
Effective January 1, 2011, the Company adopted SSAP No. 35R, Guaranty Fund and
Other Assessments (“SSAP No. 35R”). This statement establishes statutory accounting
principles for guaranty fund and other assessments.
Guaranty fund and other assessments will be expensed and a liability accrued by the
Company when the following conditions are met:
a.	An assessment has been imposed or information available prior to issuance of the
	statutory financial statement indicates that it is probable that an assessment will be
	imposed.
b.	The event obligating an entity to pay an imposed or probable assessment has occurred
	on or before the date of the financial statements.
c.	The amount of the assessment can be reasonably estimated.
In addition, if it is probable that a paid or accrued assessment will result in an amount that
is recoverable from premium tax offsets or policy surcharges, the Company will
recognize an asset or liability for that recovery in an amount that is determined based on
current laws, projections of future premium collections or policy surcharges from in-force
policies. Any recognized asset from premium tax credits or policy surcharges will be re-
evaluated regularly to ensure recoverability. Upon expiration, tax credits no longer
meeting the definition of an asset will be charged to income in the period the
determination is made.
The Company has re-evaluated both the liability and asset under the new guidelines
established by SSAP No. 35R due to various assessments related to insolvencies. The
Company’s 2011 financial statements were not impacted as a result of the adoption of
this change in accounting principle.
10

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Effective December 31, 2010, the Company adopted SSAP No. 100, Fair Value
Measurements (“SSAP No. 100”). This statement defines fair value, establishes a
framework for measuring fair value, and establishes the following disclosure
requirements about fair value:
§	Fair value measurements at the reporting date and the source of the fair value
	measurement;
§	The level within the fair value hierarchy in which the fair value measurements fall;
§	Significant transfers in and out of Level 3;
§	Purchases, sales, issuances, and settlement in the Level 3 fair value measurements
	reconciliation;
§	Fair value measurement disclosures for each class of assets and liabilities (i.e.
	disaggregated);
§	Valuation techniques and inputs used for Level 1, Level 2 and Level 3 fair value
	measurements.
The adoption had no impact on the Company’s balance sheet or statement of operations.
See Note 12 for additional documents required by this standard.
Effective December 31, 2010, the Company adopted SSAP No. 91R, Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities (“SSAP
No. 91R”). The statement initially established statutory accounting principles for
transfers and servicing of financial assets. Amendments to the statement were made in
2010 to clarify that the adequacy of collateralization should be measured based on the fair
value of the collateral obtained. Under the revised standard, securities pledged as
collateral that may be sold or repledged by the transferor or its agent are reclassified on
the Company’s balance sheet separately from assets not so encumbered. Reporting of
collateral on the Company’s balance sheet is determined by the administration of the
program and is presented accordingly. The adoption of SSAP No. 91R had no impact on
the net income or surplus of the Company. See Note 3 for additional discloses required
by the standard.
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
Department of Financial Services, 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 National Association of Insurance
Commissioners (“NAIC”) rating; for GAAP, such fixed maturity investments are
designated at purchase as held to maturity, trading or available for sale. Held to maturity
11

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
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 Statements
of 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 fair 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.
§	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 fair 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, management determines whether it has the intent to sell or 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 other-than-temporary impairment (“OTTI”) is recorded because there is intent
to sell or a 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 portion shall be recorded through the interest
maintenance reserve (“IMR”) and the non-interest portion shall be recorded through the
asset valuation reserve (“AVR”).
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
12

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

net realized capital gains (losses) and accumulated other comprehensive income, as 

appropriate. 

Realized gains and losses on disposed 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. 

The Company follows the hedge accounting guidance in SSAP No. 86, Accounting for 

Derivative Instruments and Hedging Activities (“SSAP No. 86”) for derivative 

transactions. Under SSAP No. 86, derivatives that are deemed effective 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. For effective cash flow hedges, changes in 

fair value are credited or charged directly to a separate component of shareholder’s equity 

rather than to income as required for fair value hedges. An embedded derivative within a 

contract that is not clearly and closely related to the economic characteristics and risk of 

the host contract is reported at fair value, and the change in fair value is recognized in 

income. 

Mortgage Loans: Mortgage loans are reported at amortized cost, less write downs for 

impairments. If the value of any mortgage loan is determined to be impaired (i.e., when it 

is probable that the Company will be unable to collect all amounts due according to the 

contractual terms of the loan agreement), the carrying value of the mortgage loan is 

reduced to the lesser of the present value of expected cash flows from the loan, 

discounted at the loan’s effective interest rate, or fair value of the collateral. For those 

mortgages that are determined to require foreclosure, the carrying value is reduced to the 

fair value of the underlying collateral, net of estimated costs to obtain and sell at the point 

of foreclosure. The carrying value of the impaired loan is reduced by establishing a 

permanent write-down recorded in net realized capital gains (losses). Under GAAP, in 

addition to impairments of specific mortgage loans, a general allowance is recorded for 

losses not specifically identifiable. 

Asset Valuation Reserves: The 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 recorded directly to 

unassigned surplus. 

Interest Maintenance Reserve: 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 

13

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

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 IMR is negative and as such is reported as a component of other assets and 

nonadmitted in the accompanying balance sheets. 

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. 

14

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

Policy and contract liabilities ceded to reinsurers have been reported as reductions of the 

related reserves rather than as assets as required under GAAP. 

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 systems 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. 

Employee Benefits: For purposes of calculating the Company’s pension and 

postretirement benefit obligations, 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. For periods after the adoption of SSAP No. 101, 

assuming minimum thresholds are met, the formula allows the Company to consider the 

amount of differences that will reverse over the next three years, taxes paid in prior years 

that could be recovered through carrybacks, surplus limits, and the amount of deferred 

tax liabilities available for offset. The Company is also required, under SSAP No. 101, to 

reduce the gross deferred tax asset by a statutory valuation allowance adjustment if, based 

on 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 

15

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

amount of gross deferred tax assets that are expected to be realized in future years and a 

valuation allowance is established if, based on the weight of the evidence, it is more 

likely than not that some portion, or all, of the deferred tax assets will not be realized. 

Cash and Short-term: 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. 

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 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 OTTI. 

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. 

Common stocks are reported at fair value 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 

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. 

16

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
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
on asset hedges are included in IMR and are amortized over the remaining lives of the
derivatives; other gains and losses are included in 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 (replication - sold credit protection): 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’s Securities Valuation Office
	(“SVO”) result in both the derivative and cash instrument being carried at
	amortized cost. The replication practices are in accordance with SSAP No. 86.
§	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 represents 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.
§	Currency swaps: Currency swaps are used to hedge the foreign exchange exposure
	in the Company’s foreign currency denominated fixed maturity portfolio. As
	foreign exchange rates change, the increase or decrease in the cash flows (principal
	and interest) of the derivatives generally offsets the changes in the functional-
	currency equivalent cash flows of the underlying hedged item.
§	Futures: The Company utilizes futures contracts in a dynamic hedge of its variable
	annuity products.
Contract loans are reported at unpaid principal balances but not in excess of the cash
surrender value.
The Company does not currently engage in reverse repurchase agreements and reverse
dollar repurchase agreements, but has in prior years. Such arrangements typically meet
the requirements to be accounted for as financings. For both reverse repurchase
17

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

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 between three months and 

one year 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. 

Surplus Notes acquired, which are included in other invested assets on the balance sheets, 

are reported at amortized cost using the effective interest method. 

Realized capital gains and losses are generally 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 from date of purchase. 

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 8.75% for 2012. 

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 

18

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(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 Department 

of Financial Services, is $12.5 billion and $14.9 billion at December 31, 2012 and 2011, 

respectively. The amount of premium deficiency reserves for policies on which gross 

premiums are less than the net premiums is $61.9 and $70.7 at December 31, 2012 and 

2011, 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 (“SSAP No. 54”). 

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. 

19

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Participating Insurance: Participating business approximates less than 1% of the
Company’s ordinary life insurance in force and 5.2% 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 $1.1, $1.0 and
$0.9 was incurred in 2012, 2011 and 2010, 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
	2012		2011
	(In Thousands)
Deferred federal income taxes	$ 77,809	$ 79,373
Agents’ debit balances	404		240
Deferred and uncollected premiums	2,681		1,639
Negative IMR	3,193		8,091
Other	66		3,527
Total nonadmitted assets	$ 84,153	$ 92,870
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,
2012. 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, 2012.
Guaranteed Benefits: For variable annuity guarantees, Actuarial Guideline 43 – Variable
Annuity Commissioners Annuity Reserve Valuation Method (“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.
20

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	The Company completed its review of the assumptions used to calculate reserves for
	guaranteed benefits attached to variable annuity contracts in 2011. The review results in
	updated assumptions for persistency, mortality, annuitization of guaranteed minimum
	income benefits (“GMIB”), and utilization of guaranteed minimum withdrawal benefits
	(“GMWB”). This change resulted in an increase in AG43 reserves of $42.0.
	During the third quarter of 2012, the Company conducted a periodic review of actuarial
	assumptions, including policyholder behavior assumptions. In particular, the Company
	updated lapse rates on variable annuity contracts with lifetime living benefit guarantees.
	The update to lapse rates, if implemented in isolation, would have increased reserves by
	approximately $3.0. Overall, the net change for reserves was a decrease in AG43
	reserves of approximately $38.0 due to offsetting revisions to projection model inputs.
	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 $2.5 and $10.8 at December 31, 2012 and 2011, 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 Department of Financial Services.
	The New York Department of Financial Services 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 Superintendent 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 Department of
	Financial Services. As of December 31, 2012, 2011 and 2010, the Company had no such
	permitted accounting practices.
21

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(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
December 31, 2012:		(In Thousands)
U.S. Treasury securities and
obligations of U.S. government
corporations and agencies	$ 194,311	$ 6,904	$ -	$ 201,215
Foreign other (par value - $366,094)	378,929	43,618	3,320	419,227
Foreign government (par value - $31,367)	35,737	3,991	-	39,728
Corporate securities	983,788	150,032	1,011	1,132,809
Residential mortgage backed securities	115,014	4,267	836	118,445
Commercial mortgage backed securities	62,974	5,844	33	68,785
Other asset backed securities	75,566	6,631	21	82,176
Total fixed maturities	1,846,319	221,287	5,221	2,062,385
Preferred stocks	600	-	-	600
Common stocks	298	370	-	668
Total equity securities	898	370	-	1,268
Total	$ 1,847,217	$ 221,657	$ 5,221	$ 2,063,653
	Cost or	Gross	Gross
	Amortized	Unrealized	Unrealized	Fair
	Cost	Gains	Losses	Value
December 31, 2011:		(In Thousands)
U.S. Treasury securities and
obligations of U.S. government
corporations and agencies	$ 190,205	$ 6,558	$ -	$ 196,763
States, municipalities,
and political subdivisions	1,050	-	39	1,011
Foreign other (par value - $365,413)	364,293	26,833	5,262	385,864
Foreign government (par value - $28,114)	29,893	1,737	288	31,342
Public utilities securities	21,626	2,416	24	24,018
Corporate securities	885,033	106,238	2,786	988,485
Residential mortgage backed securities	127,353	3,041	3,079	127,315
Commercial mortgage backed securities	80,770	3,830	987	83,613
Other asset backed securities	84,400	6,845	2,071	89,174
Total fixed maturities	1,784,623	157,498	14,536	1,927,585
Preferred stocks	300	-	-	300
Common stocks	298	336	-	634
Total equity securities	598	336	-	934
Total	$ 1,785,221	$ 157,834	$ 14,536	$ 1,928,519

22

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Reconciliation of bonds from amortized cost to carrying value is as follows:
				December 31
				2012		2011
				(In Thousands)
Amortized cost				$ 1,846,319	$ 1,784,623
Adjustments for below investment grade bonds				(440)		(40)
Carrying value				$ 1,845,879	$ 1,784,583
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, 2012			(In Thousands)
Fair value	$ 21,915	$ 3,280		$ 14,448	$ 39,643
Unrealized loss	378		149	4,694		5,221
December 31, 2011
Fair value	$ 78,218	$ 22,966		$ 37,741	$ 138,925
Unrealized loss	2,902		2,631	9,003		14,536
The amortized cost and fair value of investments in bonds at December 31, 2012, by
contractual maturity, are shown below. Expected maturities may differ from contractual
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				$ 38,668	$ 39,163
Due after 1 year through 5 years				485,483		518,279
Due after 5 years through 10 years				558,312		624,550
Due after 10 years				510,302		610,987
				1,592,765		1,792,979
Residential mortgage backed securities				115,014		118,445
Commercial mortgage backed securities				62,974		68,785
Other asset backed securities				75,566		82,176
Total				$ 1,846,319	$ 2,062,385
At December 31, 2012 and 2011, investments in certificates of deposit and bonds with an
admitted asset value of $6.3 and $6.2, respectively, were on deposit with state insurance
departments to satisfy regulatory requirements.
23

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

Underlying collateral, originated prior to 2008, has continued to reflect the problems 

associated with a housing market that has experienced substantial price declines and an 

employment market that declined significantly and remains under stress. Credit spreads 

have widened meaningfully from issuance and rating agency downgrades have been 

widespread and severe within the sector. Over the course of 2010 and 2011, market prices 

and liquidity within the sector exhibited volatility, driven by various factors, both 

domestically and globally. During 2012, market prices and sector liquidity exhibited 

sustained improvements, driven by an improved technical picture and positive sentiment 

regarding the potential for fundamental improvements within the sector. In managing the 

Company’s risk exposure to subprime and Alt-A mortgages, the collateral performance 

and structural characteristics associated with various positions held are taken into 

account. 

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 the 

following: residential mortgage loans to customers who have strong credit profiles but 

lack some element(s), such as documentation to substantiate income; 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; and 

any securities backed by residential mortgage collateral not clearly identifiable as prime 

or subprime. 

24 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table summarizes the Company’s exposure to subprime mortgage backed
securities and Alt-A mortgage backed securities through other investments as of
December 31, 2012, 2011 and 2010, respectively:
							Other Than
			Book/Adjusted				Temporary
			Carrying Value				Impairment
				(Excluding			Losses
	Actual Cost			Interest)	Fair Value		Recognized
				(In Thousands)
December 31, 2012
Residential mortgage backed
securities	$ 1,292		$ 1,292		$ 1,047		$ -
Structured securities		8,341		8,596		8,380	34
Total	$ 9,633		$ 9,888		$ 9,427		$ 34
December 31, 2011
Residential mortgage backed
securities	$ 1,386		$ 1,386		$ 848		$ -
Structured securities		9,380		9,334		7,808	68
Total	$ 10,766		$ 10,720		$ 8,656		$ 68
December 31, 2010
Residential mortgage backed
securities	$ 1,856		$ 1,875		$ 1,388		$ 579
Structured securities		20,828		20,571		19,077	4,293
Total	$ 22,684		$ 22,446		$ 20,465		$ 4,872
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, 2012.
Mortgage Loans
All mortgage loans are evaluated by seasoned underwriters, including an appraisal of
loan-specific credit quality, property characteristics, and market trends, and assigned a
quality rating using the Company’s internally developed quality rating system. As of
December 31, 2012 and 2011, the distribution based upon this quality rating system is
as follows:
					2012		2011
					(In Thousands)
AA				$ 13,243		$ 8,420
A					84,247		75,058
BBB					2,811		3,507
BB and below					790		917
Total commerical mortgage loans				$ 101,091		$ 87,902
25

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

Loan performance is continuously monitored on a loan-specific basis through the review 

of property appraisals, operating statements, rent revenues and annual inspection reports, 

among other items. This review evaluates whether the properties are performing at a 

consistent and acceptable level to secure the debt. 

All commercial mortgages are rated for the purpose of quantifying the level of risk. 

Those loans with higher risk are placed on a watch list and are closely monitored for 

collateral deficiency or other credit events that may lead to a potential loss of principal or 

interest. If the value of any mortgage loan is determined to be impaired (i.e., when it is 

probable that the Company will be unable to collect on all amounts due according to the 

contractual terms of the loan agreement), the carrying value of the mortgage loan is 

reduced to either the present value of expected cash flows from the loan, discounted at 

the loan’s effective interest rate, or fair value of the collateral. As of December 31, 2012, 

2011 and 2010, the Company held no impaired mortgage loans. For the same periods, no 

commercial mortgage loans were past due. 

The maximum and minimum lending rates for long term mortgage loans acquired or 

made during 2012 were 5.67% and 3.8%. 

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. Property insurance is required on all collateral securing 

commercial real estate mortgage loans. Generally the coverage is “all risk” at a level 

equal to the replacement cost of the improvements. Additional coverage may be required 

to cover flood, windstorm and other risks associated with collateral type, use and 

location. 

As of December 31, 2012 and 2011, the Company held no mortgages with interest more 

than 180 days overdue. No interest was past due as of December 31, 2012 and 2011. 

There were no encumbrances on real estate at December 31, 2012, 2011 and 2010. 

26 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Wash Sales
In the course of the Company’s asset management, securities are sold and reacquired
within 30 days of the sale date to enhance the Company’s return on the investment
portfolio or to manage interest rate risk. There are no transactions to report for 2010 and
2012. The table below summarizes the number of transactions, book value, and gain/loss
of the Company’s financial instruments with securities sold and reacquired within 30
days of the sale date during 2011:
					Cost of
					Securities
	NAIC	Number of	Book Value		Repurchased		Gain
	Rating	Transactions	(In thousands)		(In thousands)		(In thousands)
2011	NAIC 3	5	$	415	$	416	$                         1
Net Realized Capital Gains and Losses
Realized capital gains (losses) reported net of federal income taxes and amounts
transferred to the IMR are as follows:
				Year ended December 31
				2012		2011	2010
					(In Thousands)
Realized capital losses			$ (27,687)		$ (14,997)		$ (32,101)
Amount transferred to IMR (net of related taxes of
$1,798 in 2012, $(3,065) in 2011 and ($96) in 2010				(3,339)		5,692	178
Federal income tax benefit (expense)				3,204		5,703	(3,066)
Net realized capital losses			$ (27,822)		$ (3,602)		$ (34,989)
Realized capital losses include losses of $1.0, $18.1 and $22.1 related to securities that
have experienced an other-than-temporary decline in value during 2012, 2011 and 2010,
respectively.
Proceeds from sales of investments in bonds and other fixed maturity interest securities
were $259.8, $273.0 and $375.4 in 2012, 2011 and 2010, respectively. Gross gains of
$7.2, $13.5, and $10.6 and gross losses of $2.3, $8.0, and $2.6 during 2012, 2011 and
2010, respectively, were realized on those sales. A portion of the gains and losses
realized in 2012, 2011, and 2010 has been deferred to future periods in the IMR.

27 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table discloses, in aggregate, the OTTI’s recognized by the Company in
accordance with structured securities subject to SSAP No. 43R, Loan-backed and
Structured Securities (“SSAP No. 43R”) due to intent to sell or inability or lack of intent
to hold to recovery in 2012:
	Amortized Cost	Other-than-Temporary
	Basis Before	Impairments
	OTTI	Interest	Non-interest		Fair Value
		(In Thousands)
First quarter:
Aggregate intent to sell	$               1,030	$             373	$                  -		$         657
Aggregate inability or lack of intent
to hold to recovery	388	5		-	383
Total first quarter	$               1,418	$             378	$                  -		$      1,040
There were no OTTI’s recognized by the Company in the second, third and fourth
quarters of 2012 due to intent to sell or inability or lack of intent to hold to recovery.

28 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table discloses in aggregate the OTTI’s recognized by the Company in
accordance with structured securities subject to SSAP No. 43R due to intent to sell or
inability or lack of intent to hold to recovery in 2011:
	Amortized Cost	Other-than-Temporary
	Basis Before	Impairments
	OTTI	Interest	Non-interest		Fair Value
		(In Thousands)
First quarter:
Aggregate intent to sell	$ 6,235	$ 364	$ -		$ 5,871
Aggregate inability or lack of intent
to hold to recovery	4,000	1,096		-	2,904
Total first quarter	$ 10,235	$ 1,460	$ -		$ 8,775
Second quarter:
Aggregate intent to sell	$ 12,420	$ 2,980	$ -		$ 9,440
Aggregate inability or lack of intent
to hold to recovery	-	-		-	-
Total second quarter	$ 12,420	$ 2,980	$ -		$ 9,440
Third quarter:
Aggregate intent to sell	$ 6,785	$ 1,064	$ -		$ 5,721
Aggregate inability or lack of intent
to hold to recovery	12,647	2,651		-	9,996
Total third quarter	$ 19,432	$ 3,715	$ -		$ 15,717
Fourth quarter:
Aggregate intent to sell	$ -	$ -	$ -		$ -
Aggregate inability or lack of intent
to hold to recovery	8,730	721		-	8,009
Total fourth quarter	$ 8,730	$ 721	$ -		$ 8,009
Total	N/A	$ 8,876	$ -		N/A

29 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table discloses in aggregate the OTTI’s recognized by the Company in
accordance with structured securities subject to SSAP No. 43R due to intent to sell or
inability or lack of intent to hold to recovery in 2010:
	Amortized Cost	Other-than-Temporary
	Basis Before	Impairments
	OTTI	Interest	Non-interest		Fair Value
		(In Thousands)
Second quarter:
Aggregate intent to sell	$ -	$                              -	$                   -		$               -
Aggregate inability or lack of intent
to hold to recovery	692	202		-	490
Total second quarter	$                  692	$                              202	$                   -		$ 490
Fourth quarter:
Aggregate intent to sell	$ -	$                                  -	$                  -		$                -
Aggregate inability or lack of intent
to hold to recovery	22,532	4,599		-	17,932
Total fourth quarter	$                22,532	$ 4,599	$                   -		$ 17,932
Total	N/A	$ 4,801	$                   -		N/A
There were no OTTI’s recognized by the Company in the first and third quarters of 2010
due to intent to sell or inability or lack of intent to hold to recovery.

30 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table discloses in detail the OTTI’s due to present value of cash flows
being less than amortized cost recognized by the Company in accordance with structured
securities subject to SSAP No. 43R, exclusive of intent impairments in 2012:
	Amortized Cost		Present Value of
	Basis Before		Projected Cash	Recognized	Amortized Cost
		OTTI	Flows	OTTI	After OTTI			Fair Value
First quarter:			(In Thousands)
17307GZK7	$ 1,039		$ 1,039	$ 1	$ 1,038		$ 979
57643MMM3		803	792	11		792		634
Total first quarter	$ 1,842		$ 1,831	$ 12	$ 1,830		$ 1,613
Second quarter:
17307GZK7	$ 976		$ 966	$ 10	$ 966		$ 919
57643MMM3		748	730	18		730		602
1248MBAH8		187	165	22		165		119
Total second quarter $		1,911	$ 1,861	$ 50	$ 1,861		$ 1,640
Third quarter:
57643MMM3	$ 720		$ 704	$ 16	$ 704		$ 602
1248MBAH8		164	152	12		152		141
Total third quarter	$ 884		$ 856	$ 28	$ 856		$ 743
Fourth quarter:
57643MMM3	$ 666		$ 656	$ 10	$ 656		$ 568
Total fourth quarter	$ 666		$ 656	$ 10	$ 656		$ 568
The total amount of OTTI’s recognized by the Company arising from the present value of
expected cash flows being less than the amortized cost of structured securities subject to
SSAP No. 43R was $0.1, $3.6 and $10.5 in 2012, 2011 and 2010, respectively.
The following table discloses, in the aggregate, all structured securities in an unrealized
loss position subject to SSAP No. 43R for which an OTTI has not been recognized in
earnings as a realized loss. This includes securities with a recognized OTTI for non-
interest related declines when a non-recognized interest related impairment remains:
			December 31, 2012
				Aggregate Fair Value of
		Aggregate Amount of		Securities with
		Unrealized Losses		Unrealized Losses
			(In Thousands)
Less than 12 months		$ 49		$ 3,592
Greater than 12 months			839		4,689
Total		$ 888		$ 8,281
31

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
For the years ended December 31, 2012, 2011 and 2010, realized capital losses include
$0.2, $0.7 and $0.6, 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
			2012	2011		2010
				(In Thousands)
Income:
Bonds		$ 85,958		$ 90,223		$ 88,746
Mortgage loans			5,664		5,923		6,221
Contract loans			7,608		7,779		7,681
Derivatives			5,373		5,239		2,474
Other			1,470		3,064		4,025
Total investment income			106,073	112,228			109,147
Investment expenses			(3,121)	(3,208)			(2,745)
Net investment income		$ 102,952		$ 109,020		$ 106,402
Reverse Repurchase Agreements and Securities Lending
The Company had loaned securities, which are reflected as invested assets on the balance
sheets, with a fair value of approximately $14.5 and $82.8 at December 31, 2012 and
2011, respectively.
The aggregate amount of collateral received, by specific time period, for repurchase
agreements and securities lending agreements at December 31, 2012 and 2011 are shown
below. The Company does not participate in dollar repurchase transactions.
	At December 31, 2012			At December 31, 2011
	Reverse			Reverse
	Repurchase	Securities		Repurchase	Securities
	Agreements	Lending		Agreements	Lending
			(In Thousands)
Open	$ -	$ 15,069		$ -	$ 85,026
30 days or less	-		-	-		-
31 to 60 days	-		-	-		-
61 to 90 days	-		-	-		-
Greater than 90 days	-		-	-		-
Securities received	-		-	-		-
Total collateral received	$ -	$ 15,069		$ -	$ 85,026
32

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The aggregate amount of collateral reinvested, by specific time period, for repurchase
agreements and securities lending agreements at December 31, 2012 and 2011 are shown
below:
At December 31, 2012:
	Repurchase Agreements				Securities Lending
	Amortized				Amortized
	Cost		Fair Value		Cost	Fair Value
				(In Thousands)
Open	$ -		$ -		$ -	$ -
30 days or less		-		-	15,049	15,049
31 to 60 days		-		-	-	-
61 to 90 days		-		-	-	-
91 to 120 days		-		-	-	-
121 to 180 days		-		-	-	-
181 to 365 days		-		-	-	-
1 to 2 years		-		-	-	-
2 to 3 years		-		-	-	-
Greater than 3 years		-		-	22	9
Securities received		-		-	-	-
Total collateral reinvested	$ -		$ -		$ 15,071	$ 15,058
At December 31, 2011:
	Repurchase Agreements				Securities Lending
	Amortized				Amortized
	Cost		Fair Value		Cost	Fair Value
				(In Thousands)
Open	$ -		$ -		$ -	$ -
30 days or less		-		-	85,006	85,006
31 to 60 days		-		-	-	-
61 to 90 days		-		-	-	-
91 to 120 days		-		-	-	-
121 to 180 days		-		-	-	-
181 to 365 days		-		-	-	-
1 to 2 years		-		-	-	-
2 to 3 years		-		-	-	-
Greater than 3 years		-		-	22	6
Securities received		-		-	-	-
Total collateral reinvested	$ -		$ -		$ 85,028	$ 85,012
The maturity dates of the liabilities appropriately match the invested assets in the
securities lending program.
33

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	Low-Income Housing Tax Credits
	The Company had a carrying value of $0.2 in Low-Income Housing Tax Credits
	(“LIHTC”) at December 31, 2012. 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.
	During 2012, a determination was made by the Company that future tax benefits would
	not be received as anticipated. In accordance with SSAP No. 93, Accounting for Low
	Income Housing Tax Credit Property Investments (“SSAP No. 93”), the Company
	compared the present value of future tax benefits, discounted at the US Treasury rate for
	a similar duration, to the current book value. The LIHTC were impaired down to the
	value calculated from this process. As a result, the Company recognized an impairment
	of $0.1 in 2012.
4.	Derivative Financial Instruments Held for Purposes Other than Trading
	Upfront fees paid or received on derivative contracts are included on the balance sheet as
	an asset or liability and are being amortized to investment income over the remaining
	terms of the contracts.
	Periodic payments from such contracts are included in investment income on the
	statements of operations. Accrued amounts payable to or receivable from counterparties
	are included in other liabilities or accrued investment income on the balance sheet. Gains
	or losses realized as a result of early terminations are recognized in income in the
	statement of operations or deferred into IMR and amortized into investment income.
	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.
	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.
34

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	Under the terms of the Company’s over the counter Derivative International Swaps and
	Derivatives Association, Inc. Agreements (“ISDA Agreements”), the Company may
	receive from, or deliver to, counterparties, collateral to assure that all terms of the ISDA
	Agreements will be met with regard to the Credit Support Annex (“CSA”). The terms of
	the CSA call for the Company to pay interest on any cash received or receive interest on
	any cash delivered equal to the Federal Funds rate. The Company received $15.8 and
	$15.9 of collateral in the form of cash, for years ended December 31, 2012 and 2011,
	respectively.
	The Company sells credit default swap protection, in conjunction with other investments,
	to replicate the income characteristics of otherwise permitted investments. The standard
	contract is five or seven years. In the event of default of the reference entity, the
	Company would be required to pay the notional amount of the contract. At December 31,
	2012, the total amount would be $42.
	The table below summarizes the Company’s derivative contracts, which are reflected as
	invested assets and a liability on the balance sheets, at December 31, 2012 and 2011:
			Notional	Carrying	Fair
			Amount	Value	Value
				(In Thousands)
	At December 31, 2012:
	Derivative contracts:
	Credit Contracts	$ 42,000		$ (731)	$ 532
	Equity Contracts		185,675	407	407
	Foreign Exchange Contracts		4,000	-	51
	Interest Rate Contracts		331,000	24,027	24,027
	Total derivatives	$ 562,675		$ 23,703	$ 25,017
	At December 31, 2011:
	Derivative contracts:
	Credit Contracts	$ 42,336		$ (917)	$ (404)
	Equity Contracts		188,011	265	265
	Foreign Exchange Contracts		4,000	-	(653)
	Interest Rate Contracts		292,000	24,610	24,609
	Total derivatives	$ 526,347		$ 23,958	$ 23,817
5.	Concentrations of Credit Risk
	The Company held below investment grade corporate bonds with an aggregate book
	value of $64.3 and $70.3 and an aggregate fair value of $67.5 and $68.7 at December 31,
	2012 and 2011, respectively. Those holdings amounted to 3.5% of the Company’s
	investments in bonds and 2.9% of total admitted assets at December 31, 2012. The
	holdings of below investment grade bonds are widely diversified and of satisfactory
	quality based on the Company’s investment policies and credit standards.
35

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	The Company held unrated bonds of $27.8 and $35.4 with an aggregate NAIC fair value
	of $30.3 and $37.8 at December 31, 2012 and 2011, respectively. The carrying value of
	these holdings amounted to 1.5% of the Company’s investment in bonds and 1.2% of the
	Company’s total admitted assets at December 31, 2012.
	At December 31, 2012, the Company’s commercial mortgages involved a concentration
	of properties located in California (38.6%) and Texas (18.1%). 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 the
	Company has first mortgage liens. The maximum mortgage outstanding on any
	individual property is $7.8.
6.	Reserves
	At December 31, 2012 and 2011, 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:
			Separate	Separate
		General	Account with	Account		Percent
		Account	Guarantees	Nonguaranteed	Total	of Total
				(In Thousands)
	At December 31, 2012:
	Subject to discretionary withdrawal (with adjustment):
	With market value adjustment	$ 6	$ 34	$ -	$ 40	0.0	%
	At book value less surrender charge	47,410	-	-	47,410	3.6
	At fair value	-	-	932,047	932,047	71.5
	Subtotal	47,416	34	932,047	979,497	75.1
	Subject to discretionary withdrawal (without adjustment):
	At book value with minimal or no charge or adjustment	259,741	-	-	259,741	19.9
	Not subject to discretionary withdrawal	62,849	894	-	63,743	5.0
	Total annuity reserves and deposit fund liabilities	$ 370,006	$ 928	$ 932,047	$ 1,302,981	100.0	%
	At December 31, 2011:
	Subject to discretionary withdrawal (with adjustment):
	With market value adjustment	$ 6	$ 42	$ -	$ 48	0.0	%
	At book value less surrender charge	45,607	-	-	45,607	3.5
	At fair value	-	-	926,496	926,496	70.4
	Subtotal	45,613	42	926,496	972,151	73.8
	Subject to discretionary withdrawal (without adjustment):
	At book value with minimal or no charge or adjustment	288,972	-	-	288,972	22.0
	Not subject to discretionary withdrawal	54,358	997	-	55,355	4.2
	Total annuity reserves and deposit fund liabilities	$ 388,943	$ 1,039	$ 926,496	$ 1,316,478	100.0	%

36 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	Deferred and uncollected life insurance premiums and annuity considerations as of
	December 31, 2012 and 2011 are as follows:
			Gross	Net of Loading
	December 31, 2012:		(in thousands)
	Ordinary new business	$ 382		$ (117)
	Ordinary renewal		9,678		(14,070)
	Group Life		1,963		(1,939)
	Totals	$ 12,023		$ (16,126)
	December 31, 2011:
	Ordinary new business	$ 3,130		$ (1,190)
	Ordinary renewal		(2,819)		(11,644)
	Group Life		831		(809)
	Totals	$ 1,142		$ (13,643)
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
	available to new employees or re-hires. Employees of ING North America and its
	subsidiaries and affiliates (excluding certain employees) hired prior to January 1, 2009
	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 pay
	(“FAP”) formula. The costs allocated to the Company for its employees’ participation in
	the Qualified Plan were $1.6, $1.6 and $2.1 for 2012, 2011 and 2010, respectively. ING
	North America is responsible for all Qualified Plan liabilities.
	Beginning January 1, 2012, the Qualified Plan implemented a cash balance pension
	formula instead of a FAP formula, allowing all eligible employees (including those hired
	after January 1, 2009) to participate in the Retirement Plan, with this new cash balance
	pension formula. Participants will earn a credit equal to 4% of eligible pay. The accrued
	vested cash balance benefit is portable; participants can take it when they leave the
	Company’s employment. For participants in the Qualified Plan, as of December 31, 2011,
	there will be a two-year transition period from the Qualified Plan’s current FAP formula
	to the cash balance pension formula. In accordance with the requirements of SSAP
	No. 89, Accounting for Pensions, A Replacement of SSAP No. 8 (“SSAP No. 89”), the
	Company obtained Board of Director approval on November 10, 2011.
37

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	Defined Contributions Plans: ING North America sponsors the ING Savings Plan and
	ESOP (the “Savings Plan”). Substantially all employees of ING North America and its
	subsidiaries and affiliates (excluding certain employees) are eligible to participate,
	including the Company’s employees other than Company agents. The Savings Plan is a
	tax qualified profit sharing and stock bonus plan, which includes an employee stock
	ownership plan (“ESOP”) component. Savings Plan benefits are not guaranteed by the
	Pension Benefit Guaranty Corporation (“PBGC’). The Savings Plan allows eligible
	participants to defer into the Savings Plan a specified percentage of eligible compensation
	on a pretax basis. ING North America matches such pretax contributions, up to a
	maximum of 6% of eligible compensation. All matching contributions are subject to a
	4-year graded vesting schedule (although certain specified participants are subject to a
	5-year graded vesting schedule). All contributions made to the Savings Plan are subject to
	certain limits imposed by applicable law. Expense for matching contribution allocated to
	the Company was $0.7 and $0.7 for 2012 and 2011, respectively.
	Other Benefit Plans: In addition to providing retirement plan benefits, the Company, in
	conjunction with ING North America, provides certain supplemental retirement benefits
	to eligible employees and health care and life insurance benefits to retired employees and
	other eligible dependents. The supplemental retirement plan includes a nonqualified
	defined benefit pension plan, and a nonqualified defined contribution plan, which means
	all benefits are payable from the general assets of the Company. The postretirement
	health care plan is contributory, with retiree contribution levels adjusted annually. The
	life insurance plan provides a flat amount of noncontributory coverage and optional
	contributory coverage.
	Effective October 1, 2009, the Company no longer subsidizes medical premium costs for
	early retirees. This change does not impact any participant currently retired and receiving
	coverage under the plan or any employee who is eligible for coverage under the plan and
	whose employment ended before October 1, 2009. The Company continues to offer
	access to medical coverage until retirees become eligible for Medicare. The discontinued
	subsidy resulted in a release of a liability for any active employees age 50 or older. This
	change had a minimal impact on the financial statements.
	The Company also offers deferred compensation plans for eligible employees and certain
	other individuals who meet the eligibility criteria. The Company’s deferred compensation
	commitment for employees is recorded on the balance sheet in Other liabilities and
	totaled $0.9 and $0.8 for the years ended December 31, 2012, and 2011, respectively.
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.
38

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(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)
At December 31, 2012:
Premium, consideration or deposits for the year	$ -		$ 6,144		$ 6,144
Reserves for separate accounts with assets at:
Fair value	$ -		$ 973,056		$ 973,056
Amortized cost		34		-	34
Total reserves	$ 34		$ 973,056		$ 973,090
Reserves for separate accounts by
withdrawal characteristics:
Subject to discretionary withdrawal:
With market value adjustment	$ 34		$ -		$ 34
At market value		-		972,162	972,162
Subtotal		34		972,162	972,196
Not subject to discretionary withdrawal		-		894	894
Total separate account reserves	$ 34		$ 973,056		$ 973,090
		Non-Indexed		Non-
		Guarantee		Guaranteed
		Less than/		Separate
		Equal to 4%		Accounts	Total
				(In Thousands)
At December 31, 2011:
Premium, consideration or deposits for the year	$ -		$ 14,097		$ 14,097
Reserves for separate accounts with assets at:
Fair value	$ -		$ 966,694		$ 966,694
Amortized cost		43		-	43
Total reserves	$ 43		$ 966,694		$ 966,737
Reserves for separate accounts by
withdrawal characteristics:
Subject to discretionary withdrawal:
With market value adjustment	$ 43		$ -		$ 43
At market value		-		965,697	965,697
Subtotal		43		965,697	965,740
Not subject to discretionary withdrawal		-		997	997
Total separate account reserves	$ 43		$ 966,694		$ 966,737

39 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The Company utilizes separate accounts to record and account for assets and liabilities
for particular lines of business. For the years ended December 31, 2012 and 2011, the
Company reported assets and liabilities from Individual Annuity, Group Annuity,
Individual Life and Market Value Adjustment (“MVA”) product lines in separate
accounts.
Some assets in the separate account are considered legally insulated from the general
account, providing protection of such assets from being available to satisfy claims
resulting in the general account. The assets legally and not legally insulated from the
general account are summarized in the following table, by product or transaction type, as
of December 31, 2012 and 2011:
		Legally Insulated		Not Legally
Product or Transaction		Assets		Insulated Assets
			(In Thousands)
December 31, 2012:
Individual Annuity	$ 947,348			$ 264
Group Annuity			26	-
Individual Life			40,972	-
	$ 988,346			$ 264
December 31, 2011:
Individual Annuity	$ 947,889			$ -
Group Annuity			1,483	-
Individual Life			40,171	-
MVA			-	44
	$ 989,543			$ 44
In accordance with the products/transactions recorded within the separate account, some
separate account liabilities are guaranteed by the general account. As of December 31,
2012 and 2011, the general account of the Company had a maximum guarantee for
separate account liabilities of $222.1 and $258.6, respectively.
To compensate the general account for the risk taken, the separate account paid the
following amounts in risk charges:
	Year	Risk Charges
		(In Thousands)
	2012	$ 6,897
	2011		6,829
	2010		6,591

40 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Total separate account guarantees paid by the Company’s general account are as follows:
	Year	Guarantees Paid
		(In Thousands)
	2012	$ 198
	2011		335
	2010		594
The Company does not engage in securities lending transactions within its separate
accounts.
A reconciliation of the amounts transferred to and from the separate accounts is presented
below:
			Year ended December 31
			2012	2011			2010
				(In Thousands)
Transfers as reported in the Summary of Operations
of the Separate Accounts Statement:
Transfers to separate accounts		$ 6,842		$ 14,107		$ 33,449
Transfers from separate accounts			(96,152)	(110,098)			(54,711)
Transfers as reported in the statements of operations		$ (89,310)		$ (95,991)		$ (21,262)
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, 2012 and 2011 were as follows:
			Guaranteed
			Minimum
	Guaranteed		Accumulation/			Guaranteed
	Minimum Death		Withdrawal Benefit		Minimum Income
	Benefit (GMDB)		(GMAB/GMWB)			Benefit (GMIB)
			(In Thousands)
December 31, 2012
Separate Account Liability	$ 957,350		$ 411,534		$ 377,422
Gross amount of reserve		2,544		6,208			47,442
Reinsurance reserve credit		395		-			-
December 31, 2011
Separate Account Liability	$ 958,347		$ 120,498		$ 357,417
Gross amount of reserve		10,811		26,727			77,872
Reinsurance reserve credit		1,101		-			-
Assets supporting separate accounts with additional insurance benefits and minimum
investment return guarantees are comprised of fixed maturities, equity securities,
including mutual funds, and other invested assets. The aggregate fair value of the
invested assets as of December 31, 2012 and 2011 was $1.0 billion and $1.0 billion,
respectively.
41

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
9.	Federal Income Taxes
	The Company files a consolidated federal income tax return with its indirect parent,
	ING US, and other U.S. affiliates. The Company has a written tax sharing agreement with
	ING US, which has been approved by the board of directors, and this agreement (as well
	as another agreement among ING US and certain of the Company’s U.S. affiliates)
	generally provides that each member of the consolidated return shall pay ING US 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:
	Australia Retirement Services Holding, LLC	ING Payroll Management, Inc.
	Directed Services, LLC	ING Pomona Holdings LLC
	IB Holdings, LLC	ING Realty Group LLC
	IIPS of Florida, LLC	ING U.S., Inc.
	ILICA, Inc.	ING USA Annuity and Life Insurance Company
	ING Alternative Asset Management, LLC	Langhorne I, LLC
	ING America Equities, Inc.	Lion Connecticut Holdings Inc.
	ING Capital Corporation, LLC	Lion Custom Investments, LLC
	ING Financial Advisors, LLC	Lion II Custom Investments, LLC
	ING Financial Partners, Inc.	Midwestern United Life Insurance Company
	ING Financial Products Company, Inc.	Pomona Management LLC
	ING Funds Services, LLC	Rancho Mountain Properties, Inc.
	ING Institutional Plan Services, LLC	ReliaStar Life Insurance Company
	ING Insurance Services, Inc.	ReliaStar Life Insurance Company of New York
	ING International Nominee Holdings, Inc.	Roaring River, LLC
	ING Investment Advisors, LLC	Roaring River II, LLC
	ING Investment Management Alternative Assets, LLC	Roaring River III, LLC
	ING Investment Management Co. LLC	Roaring River III Holding, LLC
	ING Investment Management Services, LLC	Security Life Assignment Corp.
	ING Investment Management, LLC	Security Life of Denver Insurance Company
	ING Investment Trust Co.	Security Life of Denver International, Ltd.
	ING Investments Distributor, LLC	SLDI Georgia Holdings, Inc.
	ING Investments, LLC	Systematized Benefits Administrators, Inc.
	ING Life Insurance and Annuity Company	Whisperingwind I, LLC
	ING National Trust	Whisperingwind II, LLC
	ING North America Insurance Corporation	Whisperingwind III, LLC
	Under the intercompany tax sharing agreement, the Company has a receivable of $0.3 for
	December 31, 2012 and had a receivable of $2.1 for December 31, 2011 to ING US, an
	affiliate, for federal income taxes. See Note 15 for additional disclosures related to this
	tax sharing agreement.
42

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Current income taxes incurred consisted of the following major components:
	Year ended December 31
	2012	2011		2010
		(In Thousands)
Federal tax (benefit) expense on operations	$ 22,241	$ (973)	$ 3,113
Federal tax (benefit) expense on capital gains and losses	(3,204)	(5,703)		3,066
Total current tax (benefit) expense incurred	$ 19,037	$ (6,676)	$ 6,179
The December 31, 2012 balances and related disclosures are calculated and presented
pursuant to SSAP No. 101. The December 31, 2011 and December 31, 2010 balances
and related disclosures are calculated and presented pursuant to SSAP No. 10R. The
Company elected to admit DTAs pursuant to paragraph 10.e. of SSAP No. 10R for the
years ended December 31, 2011 and December 31, 2010.

43 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The components of the net deferred tax asset (liability) at December 31, 2012 and 2011
are as follows:
		12/31/2012
	Ordinary		Capital	Total
			(In Thousands)
Gross Deferred Tax Assets	$ 128,954		$ 5,456	$ 134,410
Statutory Valuation Allowance Adjustments		132	-	132
Adjusted Gross Deferred Tax Assets		128,822	5,456	134,278
Deferred Tax Assets Nonadmitted		77,809	-	77,809
Subtotal Net Admitted Deferred Tax Asset		51,013	5,456	56,469
Deferred Tax Liabilities*		17,836	121	17,957
Net Admitted Deferred Tax Asset/(Net
Deferred Tax Liablity)	$ 33,177		$ 5,335	$ 38,512
		12/31/2011
	Ordinary		Capital	Total
			(In Thousands)
Gross Deferred Tax Assets	$ 139,393		$ 8,725	$ 148,118
Statutory Valuation Allowance Adjustments		132	-	132
Adjusted Gross Deferred Tax Assets		139,261	8,725	147,986
Deferred Tax Assets Nonadmitted		79,373	-	79,373
Subtotal Net Admitted Deferred Tax Asset		59,888	8,725	68,613
Deferred Tax Liabilities*		28,077	2,180	30,257
Net Admitted Deferred Tax Asset/(Net
Deferred Tax Liablity)	$ 31,811		$ 6,545	$ 38,356
			Change
	Ordinary		Capital	Total
			(In Thousands)
Gross Deferred Tax Assets	$ (10,439)		$ (3,269)	$ (13,708)
Statutory Valuation Allowance Adjustments		-	-	-
Adjusted Gross Deferred Tax Assets		(10,439)	(3,269)	(13,708)
Deferred Tax Assets Nonadmitted		(1,564)	-	(1,564)
Subtotal Net Admitted Deferred Tax Asset		(8,875)	(3,269)	(12,144)
Deferred Tax Liabilities*		(10,241)	(2,059)	(12,300)
Net Admitted Deferred Tax Asset/(Net
Deferred Tax Liablity)	$ 1,366		$ (1,210)	$ 156
*A portion of the capital DTL has been used to offset ordinary DTAs

44 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The admission calculation components by tax character of admitted adjusted gross
deferred tax assets as the result of the application of SSAP No. 101 as of 12/31/2012 and
SSAP No. 10R for 12/31/2011 is as follows:
					12/31/2012						12/31/2011				Change
			Ordinary			Capital		Total	Ordinary			Capital	Total	Ordinary	Capital	Total
											(In Thousands)
Admission Calculation Components SSAP No. 101
a.	Federal income taxes paid in prior years recoverable
	through loss carrybacks		$ -		$ -		$ -		$ -		$ -		$ -	$ -	$ -	$ -
b.	Adjusted gross deferred tax assets expected to be
	realized (excluding the amount of deferred tax assets from
	(a))after application of the threshold limitation. (the
	lesser of (b)1 and (b)2 below)			33,176		5,336		38,512		31,811		6,545	38,356	1,365	(1,209)	156
	1.	Adjusted gross deferred tax assets expected to be
		realized following the balance sheet date		33,176		5,336		38,512		31,811		6,545	38,356	1,365	(1,209)	156
	2.	Adjusted gross deferred tax assets allowed per
		limitation threshold		XXX		XXX		45,316		XXX		XXX	43,727	XXX	XXX	1,589
c.	Adjusted gross deferred tax assets (excluding the
	amount of deferred tax assets from (a) and (b) above)
	offset by gross deferred tax liabilities			17,837		120		17,957		28,077		2,180	30,257	(10,240)	(2,060)	(12,300)
d.	Deferred tax assets admitted as the result of application
	SSAP No. 101. Total		$ 51,013		$ 5,456		$ 56,469		$ 59,888		$ 8,725		$ 68,613	$ (8,875)	$ (3,269)	$ (12,144)
The ratio percentage and the amount of adjusted capital and surplus used to determine the
recovery period and threshold limitation is as follows:
						2012				2011
Ratio percentage used to determine recovery
period and threshold limitation amount.						1,315.62%				1,264.83%
Amount of adjusted capital and surplus used
to determine recovery period and threshold
limitation (in thousands).						$ 303,849			$ 279,891

45 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
Below shows the calculation to determine the impact of tax planning strategies on
adjusted gross and net admitted DTAs:
	12/31/2012
	Ordinary	Capital	Total
Impact of Tax Planning Strategies
Adjusted gross DTAs
(% of Total adjusted gross DTAs)	0.00%	3.97%	3.97%
Net admitted adjusted gross DTAs
(% of Total net admitted adjusted gross DTAs)	2.42%	9.45%	11.87%
	12/31/2011
	Ordinary	Capital	Total
Adjusted gross DTAs
(% of Total adjusted gross DTAs)	0.00%	4.42%	4.42%
Net admitted adjusted gross DTAs
(% of Total net admitted adjusted gross DTAs)	4.12%	9.54%	13.66%
		Change
	Ordinary	Capital	Total
Adjusted gross DTAs
(% of Total adjusted gross DTAs)	0.00%	-0.45%	-0.45%
Net admitted adjusted gross DTAs
(% of Total net admitted adjusted gross DTAs)	-1.70%	-0.09%	-1.79%
The Company’s tax planning strategies do not include the use of reinsurance.

46 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

The significant components of deferred tax assets and deferred tax liabilities are as 

follows: 

	2012	2011	Change
		(In Thousands)
Deferred Tax Assets
Ordinary:
Discounting of unpaid losses	$ 12	$ 443	$ (431)
Unearned premium reserve	3	3	-
Policyholder reserves	78,501	92,239	(13,738)
Investments	18,728	11,853	6,875
Deferred acquisition costs	25,812	26,510	(698)
Policyholder dividends accrual	396	382	14
Compensation and benefits accrual	953	721	232
Pension accrual	1,368	2,824	(1,456)
Receivables - nonadmitted*	1,103	1,867	(764)
Taxcredit carry-forward	132	132	-
Other (including items <5% of total ordinary tax assets)	1,946	2,419	(473)
Subtotal	128,954	139,393	(10,439)
Statutory valuation allowance adjustment	132	132	-
Nonadmitted	77,809	79,373	(1,564)
Admitted ordinary deferred tax assets	$ 51,013	$ 59,888	$ (8,875)
Capital:
Investments	$ 5,456	$ 8,725	$ (3,269)
Subtotal	5,456	8,725	(3,269)
Admitted capital deferred tax assets	$ 5,456	$ 8,725	$ (3,269)
Admitted deferred tax assets	$ 56,469	$ 68,613	$ (12,144)
Deferred Tax Liabilities
Ordinary:
Investments	$ 9,891	$ 8,739	$ 1,152
Deferred and uncollected premiums	3,246	16,533	(13,287)
Policyholder reserves	3,692	2,654	1,038
Other (including items <5% of total ordinary tax liabilities)	1	-	1
Subtotal	$ 16,830	$ 27,926	$ (11,096)
Capital:
Investments	$ 1,127	$ 2,332	$ (1,205)
Subtotal	$ 1,127	$ 2,332	$ (1,205)
Total deferred taxliabilities	$ 17,957	$ 30,258	$ (12,301)
Net deferred tax assets/liabilities	$ 38,512	$ 38,355	$ 157
*Includes other nonadmitted assets .

47

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

The valuation allowance adjustment to gross deferred tax assets as of December 31, 2012 

and December 31, 2011 was $0.1. The valuation allowance adjustment at 2012 and 2011 

relates to foreign tax credits. A valuation allowance is provided as it is unlikely that the 

Company will be able to utilize foreign tax credits. 

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
		2012		2011		2010
			Effective		Effective		Effective
		Amount	Tax Rate	Amount	Tax Rate	Amount	Tax Rate
				(In Thousands)
Ordinary income (loss)		$ 84,104		$ (46,427)		$ 18,076
Capital losses		(31,026)		(9,305)		(31,923)
Total pretax income (loss)		53,078		(55,732)		(13,847)
Expected tax expense (benefit) at 35% statutory rate		18,577	35.0%	(19,506)	35.0%	(4,846)	35.0%
Increase (decrease) in actual tax reported resulting from:
a.	Dividends received deduction	(1,662)	-3.1%	(667)	1.2%	(1,719)	12.3%
b.          Interest maintenance reserve		1,716	3.2%	(1,627)	2.9%	643	-4.6%
c.	Settlement of IRS audit	-	0.0%	1,841	-3.3%	(538)	3.9%
d.          Reinsurance		(1,010)	-1.9%	822	-1.5%	(949)	6.9%
e.	Tax credits	(43)	-0.1%	(43)	0.1%	(48)	0.3%
f.	Change in valuation allowance	-	0.0%	(2,698)	4.8%	1,353	0.0%
g.	Prior year tax*	1,131	2.1%	-	0.0%	-	0.0%
h.         Other		79	0.2%	(53)	0.2%	102	-0.7%
Total income tax reported		$ 18,788	35.4%	$ (21,931)	39.4%	$ (6,002)	43.3%
Current income taxes incurred		$ 19,037	35.9%	$ (6,676)	12.0%	6,179	-44.6%
Change in deferred income tax**		(249)	-0.5%	(15,255)	27.4%	(12,181)	88.0%
Total income tax reported		$ 18,788	35.4%	$ (21,931)	39.4%	$ (6,002)	43.3%

*As part of the Company's process to adjust the tax provision to the actual tax return as filed, the Company decreased 

its estimate of certain deferred tax assets by $1,131. 

** excluding tax on unrealized gains (losses) and other surplus items 

As of December 31, 2012, there is no net operating loss carry forward. The Company has 

a foreign tax credit carry forward of $0.1 offset by a full tax valuation allowance. 

There are no amounts of federal income taxes incurred that will be available for 

recoupment in the event of future net losses from 2012, 2011 and 2010. 

There were no deposits admitted under Section 6603 of the Internal Revenue Code as of 

December 31, 2012. 

The Company has no unrecorded tax liability as of December 31, 2012. 

The Company has no tax loss contingencies for which it is reasonably possible that the 

total liability will significantly increase within twelve months of the reporting date. 

48

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The Company’s transferable and state tax credit assets are as follows:
Method of Estimating Utilization of					Unused Credit
Remaining Transferable State Tax		Carrying Value at			Remaining at Balance
Credit	State	Balance Sheet Date			Sheet Date
				(In Thousands)
December 31, 2012
Fixed credit at time of purchase	AL			38		56
Total state tax credits		$ 38			$ 56
December 31, 2011
Estimated credit from film production	CT	$ 113			$ 117
Fixed credit at time of purchase	AL			45		59
Total state tax credits		$ 158			$ 176
The Company does not have any non-transferable tax credits. The Company does not
have any nonadmitted state tax credits.
A reconciliation of the change in the tax contingencies is as follows:
			2012		2011	2010
				(In Thousands)
Balance at beginning of year		$ -		$ (200)		$ 600
Additions for tax positions related to prior years			-		500	-
Reductions for tax positions related to prior years			-		(500)	(800)
Reductions for tax positions settled with taxing authorities			-		200	-
Balance at end of year		$ -		$ -		$ (200)
The Company had $0.0 of tax contingencies as of December 31, 2012, 2011 and 2010,
respectively, that would affect the Company’s effective tax rate if recognized.
The Company recognizes accrued interest and penalties related to tax contingencies in
Federal income taxes and Federal income tax expense on the balance sheets and
Statements of Operations, respectively. The Company had no accrued interest as of
December 31, 2012, 2011 and 2010.
In March 2012, the Internal Revenue Service (“IRS”) completed its examination of the
Company’s return for tax year 2010. The recording of the 2010 IRS Audit Settlement did
not have a material impact on the financial statements.
The Company is currently under audit by the IRS for tax years 2011 through 2013, and it
is expected that the examination for 2011 will be finalized within the next twelve months.
49

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	The Company and the IRS have agreed to participate in the Compliance Assurance
	Program (“CAP”) for tax years 2011 through 2013.
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 reinsurer insolvencies, the
	Company evaluates the financial condition of the reinsurer and monitors concentrations
	of credit risk.
	The Company’s ceded reinsurance arrangements reduced certain items in the
	accompanying financial statements by the following amounts:
			Year ended December 31
			2012	2011	2010
			(In Thousands)
	Premiums	$ 155,413		$199,504	$121,699
	Benefits paid or provided		85,038	77,031	51,495
	Policy and contract liabilities at year end		827,150	673,784	519,230
	The Company does have reinsurance agreements in effect under which the reinsurer may
	unilaterally cancel the agreement. The amount of aggregate reduction in surplus of a
	unilateral cancellation by the reinsurer which would result in a net obligation of the
	Company to the reinsurer is $0.1 and the total amount of reinsurance credits taken for
	these agreements is $0.1.
	There were no assumed premiums in 2012, 2011, and 2010.
	The Company estimates that an aggregate reduction in surplus of $6 would occur in the
	event that all reinsurance agreements were terminated, by either party, as of
	December 31, 2012. This excludes any agreements under which the reinsurer may
	unilaterally cancel for reasons other than nonpayment of premium or other similar
	credits.
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
50

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	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.
	The Company did not pay dividends to ReliaStar during 2012, 2011 or 2010. The
	New York Department of Financial Services does not require notice or approval for
	ordinary dividends.
	Life and health insurance companies are subject to certain 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. The Company exceeded the minimum RBC requirements that would require
	any regulatory or corrective action for all periods presented herein.
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
	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 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 Company utilizes a number of valuation
	methodologies to determine the fair values of its bonds, preferred stocks and common
	stocks reported herein in conformity with the concepts of “exit price” and the fair
	value measurement as prescribed in SSAP No. 100. Valuations are obtained from
	third party commercial pricing services, brokers, and industry-standard vendor-
	provided software that models the value based on market observable inputs. The
51

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

valuations obtained from brokers and third-party commercial pricing services are 

non-binding. The valuations are reviewed and validated monthly through the internal 

valuation committee price variance review, comparisons to internal pricing models, 

back testing to recent trades, or monitoring of trading volumes. 

Fair values of privately placed bonds are determined using a matrix-based pricing 

model. The model considers the current level of risk-free interest rates, current 

corporate spreads, the credit quality of the issuer, and cash flow characteristics of the 

security. Also considered are factors such as the net worth of the borrower, the value 

of collateral, the capital structure of the borrower, the presence of guarantees, and the 

Company’s evaluation of the borrower’s ability to compete in its relevant market. 

Using this data, the model generates estimated market values, which the Company 

considers reflective of the fair value of each privately placed bond. 

For securities not actively traded, fair values are estimated using values obtained from 

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 2.06% and 8.45% over the total portfolio. The Company 

statutory fair values represent the amount that would be received to sell securities at 

the measurement date (i.e. “exit value” concept). 

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. 

52

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
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
increasingly complex instruments or pricing models. Where appropriate, adjustments are
included to reflect the risk inherent in a particular methodology, model or input used.
Derivatives are carried at fair value, which is determined using the Company’s derivative
accounting system in conjunction with observable key financial data from third-party
sources, such as yield curves, exchange rates, S&P 500 Index prices and London
Interbank Offered Rates (“LIBOR”) and Overnight Index Swap Rates (“OIS”). Effective
June 30, 2012, the Company began using OIS curve for discounting the cash flows rather
than LIBOR curve for rate derivatives. For those derivatives that are unable to be valued
by the accounting system, the Company typically utilizes values established by third-
party brokers. Derivatives which qualify for special hedge accounting treatment are
reported in a manner that is consistent with the accounting for the hedged asset or
liability.
The Company’s financial assets and liabilities have been classified, for disclosure
purposes, based on a hierarchy defined by SSAP No. 100.
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;
53

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	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.
The following table shows the Company’s financial instruments and the Level within the
fair value hierarchy in which the fair value measurements fall as of December 31, 2012:
			Aggregate Fair
			Value	Carrying Value		Level 1	Level 2		Level 3
					(In Thousands)
Assets:
	Fixed maturities, including securities pledged		$ 2,062,385	$ 1,845,879		$ 181,096	$1,874,928		$ 6,361
	Preferred stock		600		600	-		-	600
	Common stock		668		668	-		-	668
	Mortgage loans		107,454		101,091	-		-	107,454
	Contract loans		110,334		110,334	110,334		-	-
	Cash, cash equivalents and short-
	term investments		47,617		47,617	47,617		-	-
	Derivatives
	Equity Contracts		407		407	-		407	-
	Foreign Exchange Contracts		51		-	-		51	-
	Interest Rate Contracts		26,000		26,000	-		26,000	-
	Separate account assets		988,610		988,610	987,208		1,402	-
Total Assets			$ 3,344,126	$ 3,121,206		$1,326,255	$1,902,788		$115,083
Liabilities:
	Deposit type contracts		$ 104,571	$ 101,837		$ -	$ 78,901		$ 25,670
	Derivatives
	Credit contracts		(532)		731	-		(532)	-
	Interest Rate Contracts		1,973		1,973	-		1,973	-
	Separate account liabilities		-		-	-		-	-
Total Liablilities			$ 106,012	$ 104,541		$ -	$ 80,342		$ 25,670
The Company did not have any financial instruments for which it was not practicable to
estimate the fair value.

54 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The carrying amounts and fair values of the Company’s financial instruments as of
December 31, 2011 are summarized as follows:
	At December 31, 2011
	Carrying	Fair
	Amount	Value
	(In Thousands)
Assets:
Bonds	$ 1,784,583	$1,927,585
Preferred stocks	300	300
Common stocks	634	634
Mortgage loans	87,902	93,256
Securities lending reinvested collateral	85,026	85,026
Derivatives securities
Equity Contracts	265	265
Interest Rate Contracts	25,586	25,586
Contract loans	109,991	109,991
Cash, cash equivalents and
short term investments	124,383	124,383
Separate account assets	989,587	989,587
Liabilities:
Policyholder funds	385	385
Payable for securities lending	85,026	85,026
Derivatives securities
Credit Contracts	917	404
Foreign Exchange Contracts	-	653
Interest Rate Contracts	976	977

55 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The table below shows assets and liabilities measured and reported at fair value in which
the fair value measurements use quoted prices in active markets for identical assets or
liabilities (Level 1), significant other observable input (Level 2) and significant
unobservable inputs (Level 3) as of December 31, 2012:
At December 31, 2012
	Level 1	Level 2	Level 3	Total
		(In Thousands)
Assets:
Bonds
US corporate, state & municipal	$ -	$ 576	$ -	$ 576
Common stock	-	-	668	668
Cash, cash equivalents and short-
term investments	47,617	-	-	47,617
Derivatives
Equity Contracts	-	407	-	407
Interest Rate Contracts	-	26,000	-	26,000
Separate account assets	987,208	1,402	-	988,610
Total assets	$ 1,034,825	$ 28,385	$ 668	$ 1,063,878
Liabilities:
Deposit type contracts	$ -	$ 78,901	$ -	$ 78,901
Derivatives
Interest Rate Contracts	-	1,973	-	$ 1,973
Total liabilities	$ -	$ 80,874	$ -	$ 80,874
The Company did not have any security transfers between Level 1 and Level 2 during
2012. The Company’s policy is to recognize transfers in and transfers out as of the
beginning of the reporting period.

56 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The table below shows assets and liabilities measured and reported at fair value in which
the fair value measurements use quoted prices in active markets for identical assets or
liabilities (Level 1), significant other observable input (Level 2) and significant
unobservable inputs (Level 3) as of December 31, 2011:
At December 31, 2011
	Level 1	Level 2	Level 3	Total
		(In Thousands)
Assets:
Bonds
Residential mortgage-backed	$ -	$ 22	$ -	$ 22
Common stock	-	-	634	634
Cash, cash equivalents and short-
term investments	63,306	-	-	63,306
Derivatives
Equity contracts	-	-	265	265
Interest rate contracts	-	25,586	-	25,586
Separate account assets	988,157	1,430	-	989,587
Total assets	$ 1,051,463	$ 27,038	$ 899	$ 1,079,400
Liabilities:
Derivatives
Credit contracts	$ -	$ 1	$ -	$ 1
Interest rate contracts	-	976	-	976
Total liabilities	$ -	$ 977	$ -	$ 977
The Company did not have any security transfers between Level 1 and Level 2 during
2011. The Company’s policy is to recognize transfers in and transfers out as of the
beginning of the reporting period.
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. When a price cannot be obtained from a commercial pricing
service, independent broker quotes are solicited. Securities priced using independent
broker quotes are classified as Level 3. The Company’s Level 3 fair value measurements
of its bonds, common stock, preferred stock and equity and credit derivative contracts are
primarily based on broker quotes for which the quantitative detail of the unobservable
inputs is neither provided nor reasonably corroborated, thus negating the ability to
perform a sensitivity analysis.
	57

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

Common Stock: Fair values of publicly traded equity securities are based upon quoted 

market price and are classified as Level 1 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. 

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 and Poor’s (“S&P”) 500 Index prices, London Inter 

Bank Offered Rates (“LIBOR”), and Overnight Indexed Swap Rates (“OIS”), which are 

obtained from third party sources and uploaded into the system. Effective June 30, 2012, 

the Company began using the OIS curve for discounting cash flows rather than the 

LIBOR curve rate derivatives. 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. The Company’s own credit risk is monitored by comparison of credit 

ratings from national rating services. 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. 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 underlying instruments in bonds have valuations that are obtained from 

third-party commercial pricing services and brokers and are classified in the fair value 

hierarchy consistent with the policies described above for fixed maturities. 

58 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table summarizes the change in fair value of the Company’s Level 3 assets
and liabilities for the year ended December 31, 2012.
		Bonds		Derivatives
			Common	Equity
	Corporate		Stock	Contracts		Total
			(In Thousands)
Beginning of the year	$ -		$ 634	$ 265		$ 899
Transfers into Level 3		-	-		-	-
Transfers out of Level 3		(151)	-		(265)	(416)
Total gains (losses)
included in income		-	34		-	34
Total gains (losses)
included in surplus		-	-		-	-
Purchases		151	-		-	151
Issues		-	-		-	-
Sales		-	-		-	-
Settlements		-	-		-	-
End of the year	$ -		$ 668	$ -		$ 668
Transfers in and out of Level 3 during the year ended December 31, 2012 are due to the
variation in inputs relied upon for valuation each quarter. Securities that are primarily
valued using independent broker quotes when prices are not available from one of the
commercial pricing services are reflected as transfers into Level 3, as these securities are
generally less liquid with very limited trading activity or where less transparency exists
corroborating the inputs to the valuation methodologies. When securities are valued using
more widely available information, the securities are transferred out of Level 3 and into
Level 1 or 2, as appropriate.
During the year ended December 31, 2012, the Company transferred certain derivative
contracts from Level 3 to Level 2. These contracts include options on S&P’s which are
all valued using observable inputs.

59 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	The following table summarizes the change in fair value of the Company’s Level 3 assets
	and liabilities for the year ended December 31, 2011:
		Bonds				Derivatives
					Common	Equity
		RMBS		ABS	Stock	Contracts	Total
					(In Thousands)
	Beginning of the year	$ 70	$ 1,596		$ 614	$ 648	$ 2,928
	Transfers into Level 3	-		-	-	-	-
	Transfers out of Level 3	(70)		(1,596)	-	-	(1,666)
	Total gains (losses)
	included in income	-		-	-	(102)	(102)
	Total gains (losses)
	included in surplus	-		-	-	-	-
	Purchases	-		-	20	447	467
	Issues	-		-	-	-	-
	Sales	-		-	-	(728)	(728)
	Settlements	-		-	-	-	-
	End of the year	$ -	$ -		$ 634	$ 265	$ 899
	The transfers out of Level 3 during the year ended December 31, 2011 in bonds are
	primarily due to the Company’s determination that the market for subprime residential
	mortgage-backed securities (“RMBS”) has become sufficiently active. While the
	valuation methodology has not changed, the Company has concluded that frequency of
	transactions in the market for subprime RMBS securities constitute an active market and
	therefore are now classified as level 2.
	The remaining transfers in and out of Level 3 during the year ended December 31, 2011
	are due to the variation in inputs relied upon for valuation each quarter. Securities that are
	primarily valued using independent broker quotes when prices are not available from one
	of the commercial pricing services are reflected as transfers into Level 3, as these
	securities are generally less liquid with very limited trading activity or where less
	transparency exists corroborating the inputs to the valuation methodologies. When
	securities are valued using more widely available information, the securities are
	transferred out of Level 3 and into Level 1 or 2, as appropriate.
13.	Commitments and Contingencies
	Investment Purchase Commitments: As part of its overall investment strategy, the
	Company has entered into agreements to purchase securities of $2.4 and $16.5 at
	December 31, 2012 and 2011, respectively. The Company is also committed to provide
	additional capital contributions to partnerships of $0.8 and $2.6 at December 31, 2012
	and 2011, respectively.

60 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

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, 2012, 2011 and 2010 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. 

The Company does not have any early terminated lease agreements. 

Litigation: 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 periodically receive 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 Company or the 

financial services industry. These currently include regulatory scrutiny of whether and to 

what extent insurance companies are using the United States Social Security 

Administration’s Death Master File (“SSDMF”) to proactively ascertain whether 

customers have deceased and to pay claims even where no claim for benefits has been 

made. Along these lines, the New York State Insurance Department (“NYSID”) has 

directed the Company to use information available on the SSDMF to identify any death 

claim that may be due under life insurance policies, annuity contracts or retained asset 

accounts that have not been previously reported through historical claim reporting 

processes, implement procedures to locate beneficiaries, make prompt payments as 

necessary, and to report to the NYSID the results of using the data. In addition, a majority 

of states are conducting an audit of the Company’s compliance with unclaimed property 

laws. The Company also has been reviewing whether benefits are owed and whether 

reserves are adequate in instances where an insured appears to have died, but no claim for 

benefits has been made. Some of the investigations, audits, examinations, and inquiries 

could result in regulatory action against the Company. The potential outcome of such 

61

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
action is difficult to predict but could subject the Company to adverse consequences,
including, but not limited to, additional payments to beneficiaries, settlement payments,
penalties, fines, additional escheatment of funds deemed abandoned under state laws,
changes to the Company’s procedures for the identification and escheatment of
abandoned property, and other financial liability. While it is not possible to predict the
ultimate outcome of any such action, or the internal and external investigations,
examinations, reviews and inquiries, management does not believe that they will have a
material adverse effect on the Company’s financial position. It is the practice of the
Company and its affiliates to cooperate fully in these matters.
Liquidity: The Company’s principal sources of liquidity are product charges, investment
income, premiums, proceeds from the maturity and sale of investments, and capital
contributions. Primary uses of these funds are payments of commissions and operating
expenses, interest credits, investment purchases, and contract maturities, death benefits,
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
general 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 took 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
62

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 

Notes to Financial Statements – Statutory Basis 

December 31, 2012 

(Dollar amounts in millions, unless otherwise stated) 

markets and their impact on regulatory capital. Since 2009, the Company has continued 

to maintain a strong liquidity position and reduce exposure to below investment grade 

and structured assets, albeit at a reduced pace in 2011 and 2012. New investments over 

that time have primarily been in public and private investment grade corporate bonds and 

commercial mortgage whole loans. 

ING Restructuring Plan: In October 2009, ING submitted a restructuring plan (the “2009 

Restructuring Plan”) to the European Commission (“EC”) in order to receive approval for 

state aid (the ING-Dutch State Transactions) granted to ING by the Kingdom of the 

Netherlands (the “Dutch State”) in November 2008 and March 2009. To receive approval 

for this state aid, ING was required to divest its insurance and investment management 

businesses, including the Company. 

In November 2009, the 2009 Restructuring Plan received formal EC approval and the 

separation of insurance and banking operations and other components of the 2009 

Restructuring Plan were approved by ING’s shareholders. 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 2009 Restructuring Plan. 

On March 2, 2012, the General Court handed down its judgment in relation to ING’s 

appeal and annulled part of the EC’s state aid decision. Subsequently, the EC filed an 

appeal against the General Court’s judgment before the Court of Justice of the European 

Union. In parallel, the EC adopted a decision on May 11, 2012 that approved the state aid 

granted to ING as compatible with the internal market on the basis of ING’s 2009 

Restructuring Plan. On the same date, the EC adopted an interim decision which opened 

an investigation concerning certain amendments and elements of the 2009 Restructuring 

Plan (the “Investigation”). On November 19, 2012, ING and the EC announced that the 

EC approved amendments to the 2009 Restructuring Plan (“the 2012 Amended 

Restructuring Plan.”) The deadline as agreed with the EC in the 2012 Amended 

Restructuring Plan requires ING to divest at least 25% of its U.S. insurance and 

investment businesses, including the Company by December 31, 2013, more than 50% of 

its U.S. insurance and investment businesses including the Company by December 31, 

2014, and 100% of its U.S. insurance and investment businesses including the Company 

by December 31, 2016. The divestment of 50% of its U.S. insurance and investment 

businesses including Company is measured in terms of a divestment of over 50% of the 

shares of ING US, the loss of ING’s majority of directors on ING US’s board of directors 

and the accounting deconsolidation of ING US. The Investigation has been finalized by 

the EC and ING’s appeal against the EC’s May 11, 2012 decision has been withdrawn. In 

case ING does not satisfy its commitment to divest its U.S. insurance and investment 

businesses including the Company as agreed with the EC, the Dutch State will renotify 

the recapitalization measure to the EC. In such a case the EC may require additional 

restructuring measures or take enforcement actions against ING, or, at the request of ING 

and the Dutch State, could allow ING more time to complete the divestment. 

63

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	On January 7, 2013, Fitch affirmed the A- insurer financial strength rating of the
	Company. Furthermore, Fitch removed the rating from Ratings Watch Evolving and
	assigned a stable outlook to the rating. Resolution of the Rating Watch Evolving reflects
	the progress ING US, the Company’s parent holding company, has made over the past
	several years to become an independent public company, separate from its Dutch parent,
	ING Verzekeringen.
	On March 7, 2012, S&P affirmed the insurance financial strength rating of the Company
	at “A-” and revised the outlook to Stable from Watch Negative.
	On April 17, 2012, Moody’s affirmed the A3 insurance financial strength rating of the
	Company with a stable outlook.
	On July 23, 2012, A.M. Best removed from under review with negative implications and
	affirmed the “A” financial strength rating of the Company. A.M. Best assigned a stable
	outlook to the rating. The ratings recognize ING US’s strong market position in the life
	insurance and retirement markets, profitable operating results and improved levels of
	risk-adjusted capital. The assigned ratings reflect A.M. Best’s expected completion of the
	ING Group’s planned IPO of its U.S. operations.
14.	Financing Agreements
	The Company maintains a reciprocal loan agreement with ING US to promote efficient
	management of cash and liquidity and to provide for unanticipated short-term cash
	requirements. Under this agreement, which expires on February 21, 2013, the Company
	and ING US 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 US’s cost of funds for the interest period.
	Interest on any ING US borrowings is charged at a rate based on the prevailing 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 received no
	interest income for the years ended December 31, 2012, 2011 and 2010.
	Through this reciprocal loan agreement, the Company had no borrowing in 2012 and
	2011 and borrowed $175.5 and repaid $175.5 in 2010. 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 minimal during 2012, 2011 and 2010, respectively.
	The Company is the beneficiary of letters of credit totaling $18.0; terms of the letters of
	credit provide for automatic renewal for the following year at December 31, unless
	otherwise canceled or terminated by either part to the financing.
64

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
15.	Related Party Transactions
	Cost Sharing Arrangements: Management and services contracts and all cost sharing
	arrangements with other affiliated ING U.S. 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. Beginning in 2010, IIM began using competitive
	market rates to bill the Company for both the asset management and ancillary services it
	provides. Total fees paid by the Company to IIM under the agreement were
	approximately $3.1, $3.2, and $2.7 for the years ended December 31, 2012, 2011 and
	2010, 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 $40.3, $38.4 and
	$38.5 for the years ended December 31, 2012, 2011 and 2010, respectively.
	Tax Sharing Agreements: The Company has entered into federal tax sharing agreement
	with ING US, the U.S. holding company 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. The Company has also entered into a state tax sharing agreement with
	ING US and each of the specific subsidiaries that are parties to the agreement. The state
	tax agreement applies to situations in which ING US and all or some of the subsidiaries
	join in the filing of a state or local franchise, income tax, or other tax return on a
	consolidated, combined or unitary basis.
	For 2012 and prior years, the Company and certain of its U.S. affiliates, including
	ING US, are parties to an intercompany tax sharing agreement other than the federal tax
	sharing agreement between ING US and the Company. This other agreement requires
	ING US to pay its subsidiaries for the tax benefits of ordinary and capital losses as they
	are incurred, and in turn requires its subsidiaries to pay ING US for the taxes payable on
	their ordinary income and capital gains. Under this agreement, ING US is required to
	make payments even if losses do not offset other subsidiaries’ ordinary income or capital
	gains.
	Effective January 1, 2013, this other tax sharing agreement has been amended. The
	amended agreement will apply to 2013 and subsequent years and will provide that
65

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	ING US will make a payment to its subsidiaries only in the event that the consolidated
	tax group actually uses the tax benefit of losses generated.
	Private Equity Limited Partnerships: On June 4, 2012, the Company entered into an
	agreement to sell certain general account private equity limited partnership investment
	interest holdings with a carrying value of $10.4 as of March 31, 2012 to a group of
	private equity funds that are or will be managed by Pomona Capital, also an affiliate of
	the Company.
	The transaction resulted in a net reduction in surplus of $1.2 in the second quarter of
	2012. The transaction closed in two tranches with the first tranche closed on June 29,
	2012 and the second tranche closed on October 29, 2012. At closing, consideration
	received included $0.5 of promissory notes due in two equal installments at
	December 31, 2013 and 2014.
	In connection with these promissory notes, ING US unconditionally guaranteed payment
	of the notes in the event of any default of payments due. No additional impact to surplus
	was incurred on the second tranche since the market value of the alternative investments
	was reduced to agreed-upon sales price as of June 30, 2012.
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 for the cost of potential
	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 accrual
	methodology follows a retrospective-premium-based guaranty-fund assessments
	construct. The Company has estimated this liability to be $1.3 and $1.9 as of
	December 31, 2012 and 2011, 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 $0.3 and $0.3 as of December 31, 2012 and
	2011, respectively, for future credits to premium taxes for assessments already paid
	and/or accrued.

66 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
The following table shows a reconciliation of assets recognized between the years of
2011 and 2012.
	Year ended December 31
	2012		2011
	(In Thousands)
Assets recognized from paid and accrued premium tax offsets
and policy surcharges beginning of the year	$ 301		$ 198
Decreases current year:
Premium tax offset applied		9	10
Increases current year:
Premium tax offset applied		54	112
Changes in premium tax offset capacity / other adjustments		-	1
Assets recognized from paid and accrued premium tax offsets
and policy surcharges end of the year	$ 346		$ 301

67 

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(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:
		2012	2011
		(In Thousands)
	Balance at January 1	$ 23,797	$ 17,404
	Less reinsurance recoverables	866	1,430
	Net balance at January 1	22,931	15,974
	Incurred related to:
	Current year	32,571	32,073
	Prior years	(4,406)	1,168
	Total incurred	28,165	33,241
	Paid related to:
	Current year	17,000	17,317
	Prior years	11,581	8,967
	Total paid	28,581	26,284
	Net balance at December 31	22,515	22,931
	Plus reinsurance recoverables	796	866
	Balance at December 31	$ 23,311	$ 23,797
	The change in incurred losses and loss adjustment expenses attributable to insured events
	of prior years is generally the result of ongoing analysis of recent loss development
	trends. Original estimates are increased or decreased as additional information becomes
	known regarding individual claims.
	The liability for unpaid accident and health claims and claim adjustment expenses is
	included in accident and health reserves and policy and contract 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 premiums written by the Company that was subject to retrospective rating
	features was $3.7, $4.1 and $3.0 for December 31, 2012, 2011 and 2010, respectively.
	This represented 28.6%, 38.5% and 32.8% of the total net group life premium written for
	December 31, 2012, 2011 and 2010, respectively.	The amount of net group health
	premiums written by the Company that was subject to retrospective rating features was
	$0.1 for December 31, 2012, 2011 and 2010. This represented less than 1% of the total
68

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2012
(Dollar amounts in millions, unless otherwise stated)
	net group health premium in all three periods. No other net premiums written by the
	Company are subject to retrospective rating features.
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)
	Disability Reinsurance Management Services	01-0483086	No	Disability Income	C,CA, B, U	2,834
	One Riverfront Plaza
	Westbrook, ME 04092-9700
	Total during 2012				$ 2,834
	The aggregate amount of premiums written through managing general agents or third
	party administrators during 2012 is $2.8.
20.	Subsequent Events
	The Company is not aware of any events occurring subsequent to December 31, 2012
	that may have a material effect on the Company’s financial statements. The Company
	evaluated events subsequent to December 31, 2012 through April 2, 2013, the date the
	statutory financial statements were available to be issued.
21.	Reconciliation to the Annual Statement
	At December 31, 2012, differences in amounts reported in the Annual Statement and
	amounts in the accompanying statutory basis financial statements are due to the
	following:
				Total Capital
				and Surplus	Net (Loss) Income
				(In Thousands)
	2012:
	Amounts as reported in the 2012 Annual Statement		$ 340,618		$ 40,070
	Adjustment for taxes - deferred and uncollected premiums			(6,029)	(6,029)
	Amounts as reported in the accompanying statutory
	basis financial statements		$ 334,589		$ 34,041
	At December 31, 2011 and 2010 there were no differences in amounts reported in the
	Annual Statement and the amounts in the accompanying statutory basis financial
	statements.
		69

PART C -- OTHER INFORMATION
ITEM 24:		FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements:
	(1)	Included in Part A:
		Condensed Financial Information
	(2)	Included in Part B:
		Condensed Financial Information (Accumulation Unit Values)
		Financial Statements of Separate Account NY-B:
	-	Report of Independent Registered Public Accounting Firm
	-	Statements of Assets and Liabilities as of December 31, 2012
	-	Statements of Operations for the year ended December 31, 2012
	-	Statements of Changes in Net Assets for the years ended December 31, 2012 and 2011
	-	Notes to Financial Statements
		Financial Statements – Statutory Basis – of ReliaStar Life Insurance Company of New
		York:
	-	Report of Independent Registered Public Accounting Firm
	-	Balance Sheets – Statutory Basis – as of December 31, 2012 and 2011
	-	Statements of Operations – Statutory Basis – for the years ended December 31, 2012,
		2011 and 2010
	-	Statements of Changes in Capital and Surplus – Statutory Basis – for the years ended
		December 31, 2012, 2011 and 2010
	-	Statements of Cash Flows – Statutory Basis – for the years ended December 31,
		2012, 2011 and 2010
	-	Notes to Financial Statements – Statutory Basis
(b) Exhibits:
(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, ING Investments,
	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)	Amendment No. 1 to the 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, ING Investments, LLC, ING Investments Distributor, LLC, American Funds
	Insurance Series and Capital Research and Management Company (effective December 14,
	2010), incorporated herein by reference to Post-Effective Amendment No. 55 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 6, 2011
	(File Nos. 333-28679, 811-05626).
(h)	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).
(i)	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.
(j)	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).
(k)	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).

(l)	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).
(m)	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).
(n)	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).
(o)	Participation Agreement among Variable Insurance Products Funds, Fidelity Distributors
	Corporation, ING Partners, Inc., ING Life Insurance and Annuity Company, ING USA
	Annuity and Life Insurance Company, ING Insurance Company of America, ReliaStar Life
	Insurance Company, ReliaStar Life Insurance Company of New York and Security Life of
	Denver Insurance Company dated November 11, 2004, incorporated herein by reference to
	Post-Effective Amendment No. 8 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 December 2, 2005 (File Nos. 333-33914, 811-05626).
(p)	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.
(q)	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.

(r)	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).
(s)	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.
(t)	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.
(u)	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.
(v)	Amendment No. 1, dated as of April 24, 2009, and effective as of May 1, 2009, to
	Administrative Services Agreement dated April 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.
(w)	Participation Agreement among ING Investors Trust, Directed Services LLC, ING USA
	Annuity and Life Insurance Company, ReliaStar Life Insurance Company of New York,
	DFA Investment Dimensions Group Inc. and Dimensional Fund Advisors LP dated April
	29, 2010, incorporated herein by reference to Post-Effective Amendment No. 54 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 December 15,
	2010 (File Nos. 333-28679, 811-05626).

	(x)	Amendment No. 1, dated as of September 20, 2010, to Participation Agreement among
		ING Investors Trust, Directed Services LLC, ING USA Annuity and Life Insurance
		Company, ReliaStar Life Insurance Company of New York, DFA Investment Dimensions
		Group Inc. and Dimensional Fund Advisors LP dated April 29, 2010, incorporated herein
		by reference to Post-Effective Amendment No. 54 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 December 15, 2010 (File Nos. 333-28679, 811-
		05626).
	(y)	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.
	(z)	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.
	(aa)	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*	20 Washington Avenue South	President, Chief Executive Officer,
	Minneapolis, MN 55401	Chairman and Director

Name	Principal Business Address	Positions and Offices with Depositor
Ewout L. Steenbergen*	230 Park Avenue, New York NY	Executive Vice President and Director
	10169
Paul L. Mistretta*	5780 Powers Ferry Road	Executive Vice President and Director
	Atlanta, GA 30327-4390
Bridget M. Healy	230 Park Avenue, 13th Floor	Executive Vice President and Chief
	New York NY 10169	Legal Officer
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*	178 Myrtle Boulevard	Director
	Suite 100
	Larchmont, NY 10538
James F. Lille*	46 Hearthstone Drive	Director
	Gansevoort, NY 12831
Charles B. Updike*	60 East 42nd Street	Director
	New York, NY 10165
Ross M. Weale*	56 Cove Rd.	Director
	South Salem, NY 10590
Gilbert E. Mathis*	5780 Powers Ferry Road	Director and Senior Vice President
	Atlanta, GA 30327-4390
Heather H. Lavallee*	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
Steven T. Pierson*	5780 Powers Ferry Road	Senior Vice President and Chief
	Atlanta, GA 30327-4390	Accounting Officer
Thomas Lutter*	1475 Dunwoody Drive	Senior Vice President and Chief
	West Chester, PA 19380-1478	Financial Officer
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

Name	Principal Business Address	Positions and Offices with Depositor
Ralph R. Ferraro	One Orange Way	Senior Vice President
	Windsor, CT 06095-4774
Patrick Lusk	1475 Dunwoody Drive	Senior Vice President
	West Chester, PA 19380-1478
Diane McCarthy	1475 Dunwoody Drive	Senior Vice President
	West Chester, PA 19380-1478
Chad Eslinger	20 Washington Avenue South	Vice President and Chief Compliance
	Minneapolis, MN 55401	Officer
Megan Huddleston	One Orange Way	Secretary
	Windsor, CT 06095-4774

*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 26 in Post-Effective Amendment No. 11 to Registration
Statement on Form N-4 for Variable Annuity Account I of ING Life Insurance and Annuity Company
(File No. 333-130822), as filed with the Securities and Exchange Commission on April 3, 2013.

ITEM 27: NUMBER OF CONTRACT OWNERS

As of February 28, 2013 there are 3,368 qualified contract owners and 1,818 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 U.S., Inc. maintains
Professional Liability and fidelity bond insurance policies issued by an international insurer. The policies
cover ING U.S., Inc. and any company in which ING U.S., Inc. has a controlling financial interest of 50%

or more. These policies include either or both the principal underwriter, the depositor and any/all assets
under the care, custody and control of ING U.S., 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 (a/k/a “Financial Institutional Bond”).

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) In addition to the Registrant, Directed Services LLC 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. Also, Directed Services LLC serves as investment advisor to ING Investors Trust and
ING Partners, Inc.

(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
Chad Tope	909 Locust Street	Director and President
	Des Moines, IA 50309
Shaun P. Mathews	One Orange Way	Executive Vice President
	Windsor, CT 06095
Patrick J. Kennedy	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,	Investment Advisor Chief Compliance
	Scottsdale, AZ 85258	Officer and Senior Vice President
Stanley D. Vyner	230 Park Avenue, 13th Floor	Senior Vice President
	New York, NY 10169

Name	Principal Business Address	Positions and Offices with Underwriter
Regina Gordon	One Orange Way	Chief Compliance Officer
	Windsor, CT 06095
Julius A. Drelick, III	7337 E Doubletree Ranch Road	Vice President
	Scottsdale, AZ 85258
William A. Evans	One Orange Way	Vice President
	Windsor, CT 06095
Heather H. Hackett	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
Jody Hrazanek	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
Todd R. Modic	7337 E Doubletree Ranch Road	Vice President
	Scottsdale, AZ 85258
Jason R. Rausch	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
Paul L. Zemsky	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
Steve Sedmak	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
May Tong	230 Park Avenue, 13th Floor	Vice President
	New York, NY 10169
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
Megan Huddleston	One Orange Way	Secretary
	Windsor, CT 06095
Tina M. Nelson	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401
Melissa Ann O’Donnell	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401
Randall K. Price	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401
Susan M. Vega	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401

Name	Principal Business Address		Positions and Offices with Underwriter
Huey Falgout	7337 E Doubletree Ranch Road		Assistant Secretary
	Scottsdale, AZ 85258
Jennifer Ogren	20 Washington Avenue South		Assistant Secretary
	Minneapolis, MN 55401
(c)
	2012 Net
	Underwriting
Name of Principal	Discounts and	Compensation		Brokerage
Underwriter	Commission	on Redemption		Commissions	Compensation
Directed Services LLC	$3,292,474	$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 18th day of April, 2013.
	SEPARATE ACCOUNT NY-B
	(Registrant)
By:	RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
	(Depositor)
By:	Donald W. Britton*
	Donald W. Britton
	President
	(principal executive officer)
By:	/s/ Nicholas Morinigo
	Nicholas Morinigo 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 18, 2013.

Signature	Title
Donald W. Britton*	President, Chief Executive Officer, Chairman and Director
Donald W. Britton	(principal executive officer)
Steven T. Pierson*	Senior Vice President and Chief Accounting Officer
Steven T. Pierson
Thomas A. Lutter*	Senior Vice President and Chief Financial Officer
Thomas A. Lutter
Paul L. Mistretta*	Director and Executive Vice President
Paul L. Mistretta
Heather H. Lavallee*	Director and Senior Vice President
Heather H. Lavallee
Gilbert E. Mathis*	Director and Senior Vice President
Gilbert E. Mathis
Daniel P. Mulheran, Sr.*	Director and Senior Vice President
Daniel P. Mulheran, Sr.
Michael S. Smith*	Director
Michael S. Smith

Signature		Title
Carol V. Coleman*		Director
Carol V. Coleman
R. Michael Conley*		Director
R. Michael Conley
James R. Gelder*		Director
James R. Gelder
James F. Lille*		Director
James F. Lille
Ewout L. Steenbergen*		Director
Ewout L. Steenbergen
Charles B. Updike*		Director
Charles B. Updike
Ross M. Weale*		Director
Ross M. Weale
By:	/s/ Nicholas Morinigo
	Nicholas Morinigo as
	Attorney-in-Fact

*Executed by Nicholas Morinigo 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