485BPOS 1 b48575998pea29.htm 485B 75998 PEA#29 HTML shell75998pea29.htm - Generated by SEC Publisher for SEC Filing
As filed with the Securities and Exchange  Registration No. 033-75998 
Commission on December 3, 2010  Registration No. 811-02512 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
 
Post-Effective Amendment No. 29 To
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 
and Amendment to
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 
 
Variable Annuity Account B of
ING Life Insurance and Annuity Company
One Orange Way, Windsor, Connecticut 06095-4774
Depositor’s Telephone Number, including Area Code: (860) 580-2824
J. Neil McMurdie, Senior Counsel
ING US Legal Services
One Orange Way, C1S, Windsor, Connecticut 06095-4774
(Name and Address of Agent for Service)
It is proposed that this filing will become effective: 
X  immediately upon filing pursuant to paragraph (b) of Rule 485 
  on  pursuant to paragraph (b) 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: Individual Nonqualified Deferred Fixed and Variable 
Annuity Contracts   

 


PARTS A AND B 
 
The Prospectus and the Statement of Additional Information, each dated April 30, 2010, are 
incorporated into Parts A and B, respectively, of this Post-Effective Amendment No. 29 by 
reference to Registrant’s filings under Rule 485(b) as filed on May 7, 2010 and under  
 Rule 497(e) as filed on June 14, 2010.
A supplement dated December 3, 2010 to the Prospectus included in Part A this Post-Effective 
Amendment No. 29. 

 

 

ING Life Insurance and Annuity Company

and its Variable Annuity Account B

 

Individual Nonqualified Variable Annuity

 

Supplement dated December 3, 2010 to the Contract Prospectus

dated April 30, 2010, as amended

 

The information in this Supplement updates and amends certain information contained in your variable annuity Contract Prospectus. Please read it carefully and keep it with your current variable annuity Contract Prospectus for future reference.

 

Effective July 30, 2010, ING Funds Distributor, LLC changed its name to ING Investments Distributor, LLC. Accordingly, all references to ING Funds Distributor, LLC in the Contract Prospectus are deleted and replaced with ING Investments Distributor, LLC.

 

Please Note: The following information only affects you if you currently invest or plan to invest in a subaccount that corresponds to the funds referenced below.

 

Important Information Regarding Fund Changes

 

1.  Effective January 4, 2011, the investment objective for the ING Thornburg Value Portfolio will change to “Seeks long-term capital appreciation, and secondarily current income.”

 

2.  Effective after the close of business on or about January 21, 2011, the following fund name change, subadviser change, and investment objective change will occur:

 

The ING Oppenheimer Global Strategic Income Portfolio will:

·  Change its subadviser to ING Investment Management Co. (“ING IM”), under an interim-subadvisory agreement;

·  Change its name to ING Global Bond Portfolio; and

·  Change its investment objective to “Seeks to maximize total return through a combination of current income and capital appreciation.”

 

Accordingly, effective after the close of business on or about January 21, 2011, all references to ING Oppenheimer Global Strategic Income Portfolio in the Contract Prospectus are deleted and replaced with ING Global Bond Portfolio.

 

3.  Effective as of the dates noted above, the information for the ING Oppenheimer Global Strategic Income Portfolio and ING Thornburg Value Portfolio appearing in the Contract Prospectus under Appendix II – Description of Underlying Funds is deleted and replaced with the following:

 

Fund Name and

Investment Adviser/Subadviser

 

Investment Objective(s)

ING Partners, Inc. – ING Global Bond Portfolio (formerly ING Oppenheimer Global Strategic Income Portfolio)

Investment Adviser: Directed Services LLC

Subadviser: ING Investment Management Co.

Seeks to maximize total return through a combination of current income and capital appreciation.

ING Partners, Inc. – ING Thornburg Value Portfolio

Investment Adviser: Directed Services LLC

Subadviser: Thornburg Investment Management, Inc.

Seeks long-term capital appreciation, and secondarily current income.

Notice of Upcoming Fund Reorganization

 

1.  The Board of Trustees of ING Investors Trust and the Board of Directors of ING Partners, Inc. have approved a proposal to reorganize certain funds. Subject to shareholder approval, effective after the close of business on or about January 21, 2011, (the “Reorganization Date”) the following Disappearing Portfolio will reorganize into and become part of the following Surviving Portfolio:

 

Disappearing Portfolio

Surviving Portfolio

ING Legg Mason ClearBridge Aggressive Growth Portfolio (I Class)

ING Large Cap Growth Portfolio (Class I)

 

Important Information about the Upcoming Fund Reorganization

 

·  Prior to the Reorganization Date, you may transfer amounts allocated to the subaccount that invests in the Disappearing Portfolio to any other available subaccount or any available fixed interest option. See also the Transfers Among Investment Options section of your Contract Prospectus for further information about making transfers, including limits on transfers.

·  On the Reorganization Date, your investment in the subaccount that invests in the Disappearing Portfolio will automatically become an investment in the subaccount that invests in the corresponding Surviving Portfolio with an equal total net asset value.

·  You will not incur any fees or charges or any tax liability because of the reorganization.

·  Unless you provide us with alternative allocation instructions, all future allocations directed to the subaccount that invests in the Disappearing Portfolio after the Reorganization Date will be automatically allocated to the subaccount that invests in the corresponding Surviving Portfolio. You may give us alternative allocation instructions at any time by contacting our Customer Service Center at:

ING

USFS Customer Service

Defined Contribution Administration

P.O. Box 990063

Hartford, CT 06199-0063

1-800-262-3862

·   After the Reorganization Date, the Disappearing Portfolio will no longer exist and all references to it in the Contract Prospectus will be replaced by the corresponding Surviving Portfolio.

 

2.  As a consequence of the reorganization involving the ING Legg Mason ClearBridge Aggressive Growth Portfolio referenced above, effective on the Reorganization Date, Class I of the ING Large Cap Growth Portfolio will automatically be added to your contract as an investment option. Accordingly, effective after the close of business on or about January 21, 2011, the following information regarding the ING Large Cap Growth Portfolio is added to Appendix II – Description of Underlying Funds in the Contract Prospectus.

 

Fund Name and

Investment Adviser/Subadviser

 

Investment Objective(s)

ING Investors Trust – ING Large Cap Growth Portfolio

Investment Adviser: Directed Services LLC

Subadviser: ING Investment Management Co.

Seeks long-term capital growth.

 

3.  The minimum and maximum Total Annual Fund Operating Expenses shown in the Contract Prospectus will not change as a result of the reorganization. Therefore, there will be no change to the hypothetical examples shown in the Contract Prospectus.

 

 

X.75998-10B

Page 1 of 2

December 2010

 

 

      VARIABLE ANNUITY ACCOUNT B 
      PART C - OTHER INFORMATION 
 
Item 24.  Financial Statements and Exhibits 
(a)  Financial Statements: 
(1)  Incorporated by reference in Part A: 
    Condensed Financial Information 
(2)  Incorporated by reference in Part B: 
    Financial Statements of Variable Annuity Account B: 
    -  Report of Independent Registered Public Accounting Firm 
    -  Statements of Assets and Liabilities as of December 31, 2009 
    -  Statements of Operations for the year ended December 31, 2009 
    -  Statements of Changes in Net Assets for the years ended December 31, 2009 
      and 2008 
    -  Notes to Financial Statements 
    Consolidated Financial Statements of ING Life Insurance and Annuity Company: 
    -  Report of Independent Registered Public Accounting Firm 
    -  Consolidated Statements of Operations for the years ended December 31, 
      2009, 2008 and 2007 
    -  Consolidated Balance Sheets as of December 31, 2009 and 2008 
    -  Consolidated Statements of Changes in Shareholder’s Equity for the years 
      ended December 31, 2009, 2008 and 2007 
    -  Consolidated Statements of Cash Flows for the years ended December 31, 
      2009, 2008 and 2007 
    -  Notes to Consolidated Financial Statements 
 
(b)  Exhibits   
  (1)    Resolution establishing Variable Annuity Account B ·Incorporated by reference to 
      Post-Effective Amendment No. 6 to Registration Statement on Form N-4 (File No. 
      033-75986), as filed on April 22, 1996. 
  (2)    Not applicable 
  (3.1)    Standard Form of Broker-Dealer Agreement ·Incorporated by reference to Post- 
      Effective Amendment No. 32 to Registration Statement on Form N-4 (File No. 033- 
      81216), as filed on April 11, 2006. 
  (3.2)    Underwriting Agreement dated November 17, 2006 between ING Life Insurance and 
      Annuity Company and ING Financial Advisers, LLC ·Incorporated by reference to 
      Post-Effective Amendment No. 34 to Registration Statement on Form N-4 (File No. 
      33-75996), as filed on December 20, 2006. 
  (4.1)    Variable Annuity Contract (IA-CDA-IA) ·Incorporated by reference to Post- 
      Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 033- 
      75964), as filed on July 29, 1997. 
  (4.2)    Variable Annuity Contract (I-CDA-HD) ·Incorporated by reference to Post-Effective 
      Amendment No. 12 to Registration Statement on Form N-4 (File No. 033-75964), as 
      filed on February 11, 1997. 
  (4.3)    Variable Annuity Contract (I-CDA-HD(XC)) ·Incorporated by reference to Post- 

 


  Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 033- 
  75998), as filed on April 12, 2002. 
(4.4)  Endorsement (EIGET-IC(R)) to Contracts IA-CDA-IA and I-CDA-HD (NQ Modals) 
  ·Incorporated by reference to Post-Effective Amendment No. 8 to Registration 
  Statement on Form N-4 (File No. 033-75964), as filed on August 30, 1996. 
(4.5)  Endorsement EGET(99) to Contracts IA-CDA-IA, I-CDA-HD and I-CDA-HD(XC) · 
  Incorporated by reference to Post-Effective Amendment No. 13 to Registration 
  Statement on Form N-4 (File No. 333-01107), as filed on April 7, 1999. 
(4.6)  Endorsement ENQSWO-IC to Contract IA-CDA-IA ·Incorporated by reference to 
  Post-Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 
  033-75988), as filed on April 10, 2003. 
(4.7)  Endorsement EIAMSF-IC to Contract IA-CDA-IA ·Incorporated by reference to 
  Post-Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 
  033-75988), as filed on April 10, 2003. 
(4.8)  Endorsement EIGET-IC(SPD-R) to Contracts I-CDA-HD and IA-CDA-IA (NQ 
  Single Premiums) ·Incorporated by reference to Post-Effective Amendment No. 28 
  to Registration Statement on Form N-4 (File No. 033-75988), as filed on April 10, 
  2003. 
(4.9)  Endorsement EGET-HG to Contract I-CDA-HD · Incorporated by reference to Post- 
  Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 033- 
  75988), as filed on April 10, 2003. 
(4.10)  Endorsement EIEP-HG to Contract I-CDA-HD ·Incorporated by reference to Post- 
  Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 033- 
  75988), as filed on April 10, 2003. 
(4.11)  Endorsement EIM-CVTDTP-HI to Contract I-CDA-HD ·Incorporated by reference 
  to Post-Effective Amendment No. 28 to Registration Statement on Form N-4 (File 
  No. 033-75988), as filed on April 10, 2003. 
(4.12)  Endorsement EIMSF-HI to Contract I-CDA-HD (Single Premiums) ·Incorporated 
  by reference to Post-Effective Amendment No. 28 to Registration Statement on Form 
  N-4 (File No. 033-75988), as filed on April 10, 2003. 
(4.13)  Endorsement EISFSM-HI to Contract I-CDA-HD (Modals) ·Incorporated by 
  reference to Post-Effective Amendment No. 28 to Registration Statement on Form N- 
  4 (File No. 033-75988), as filed on April 10, 2003. 
(4.14)  Endorsement EIS25-IA to Contract I-CDA-HD (Single Pays) ·Incorporated by 
  reference to Post-Effective Amendment No. 28 to Registration Statement on Form N- 
  4 (File No. 033-75988), as filed on April 10, 2003. 
(4.15)  Endorsement EIM25-IA to Contract I-CDA-HD · Incorporated by reference to Post- 
  Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 033- 
  75988), as filed on April 10, 2003. 
(4.16)  Endorsement EDRA-HD to Contract I-CDA-HD ·Incorporated by reference to Post- 
  Effective Amendment No. 28 to Registration Statement on Form N-4 (File No. 033- 
  75988), as filed on April 10, 2003. 
(4.17)  Endorsement ESFPPS-HD to I-CDA-HD(XC)(NU) ·Incorporated by reference to 

 


  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(4.18)  Endorsement EIMCVT-HI(XC) to I-CDA-HD(XC)(NU) ·Incorporated by reference 
  to Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File 
  No. 033-75998), as filed on April 12, 2002. 
(4.19)  Endorsements (re name change) ENMCHG (05/02) and ENMCHGI (05/02 to 
  Contracts I-CDA-HD, IA-CDA-IA and I-CDA-HD(XC) ·Incorporated by reference 
  to Post-Effective Amendment No. 30 to Registration Statement on Form N-4 (File 
  No. 033-75962), as filed on April 8, 2002. 
(4.20)  Endorsement EIM25-IA(XC) to Contract I-CDA-HD(XC) ·Incorporated by 
  reference to Post-Effective Amendment No. 17 to Registration Statement on Form N- 
  4 (File No. 033-75998), as filed on April 12, 2002. 
(4.21)  Endorsement EIGF-IC(NY) to Contract I-CDA-HD(XC) ·Incorporated by reference 
  to Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File 
  No. 033-75998), as filed on April 12, 2002. 
(4.22)  Endorsement EIMSF-HI to Contract I-CDA-HD(XC) ·Incorporated by reference to 
  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(4.23)  Endorsement EGF-IC(SPD-NY) to Contract I-CDA-HD(XC) ·Incorporated by 
  reference to Post-Effective Amendment No. 17 to Registration Statement on Form N- 
  4 (File No. 033-75998), as filed on April 12, 2002. 
(4.24)  Endorsement EIS25-IA(XC) to Contract I-CDA-HD(XC) ·Incorporated by reference 
  to Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File 
  No. 033-75998), as filed on April 12, 2002. 
(4.25)  Endorsement ENQFD-IC to Contract I-CDA-HD(XC) ·Incorporated by reference to 
  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(4.26)  Endorsement EDRAH-I to Contract I-CDA-HD(XC) ·Incorporated by reference to 
  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(4.27)  Endorsement EGISA-IA to Contract I-CDA-HD(XC) ·Incorporated by reference to 
  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(4.28)  Endorsement EVP-IC to Contracts I-CDA-HD(XC), I-CDA-HD and 
  IA-CDA-IA ·Incorporated by reference to Post-Effective Amendment No. 17 to 
  Registration Statement on Form N-4 (File No. 033-75998), as filed on April 12, 2002. 
(4.29)  Endorsement PRFMHEG to Contract I-CDA-HD(XC) ·Incorporated by reference to 
  Post-Effective Amendment No. 17 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on April 12, 2002. 
(5)  Variable Annuity Contract Application (713.00.1(C)) ·Incorporated by reference to 
  Post-Effective Amendment No. 7 to Registration Statement on Form N-4 (File No. 
  033-75998), as filed on August 21, 1997. 
(6.1)  Restated Certificate of Incorporation (amended and restated as of October 1, 2007) of 

 


  ING Life Insurance and Annuity Company (formerly Aetna Life Insurance and 
  Annuity Company) ·Incorporated by reference to ING Life Insurance and Annuity 
  Company annual report on Form 10-K (File No. 033-23376), as filed on March 31, 
  2008. 
(6.2)  Amended and Restated By-Laws of ING Life Insurance and Annuity Company, 
  effective October 1, 2007 ·Incorporated by reference to ING Life Insurance and 
  Annuity Company annual report on Form 10-K (File No. 033-23376), as filed on 
  March 31, 2008. 
(7)  Not applicable 
(8.1)  Amended and Restated Participation Agreement as of June 26, 2009 by and among 
  ING Life Insurance and Annuity Company, Fidelity Distributors Corporation, 
  Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable 
  Insurance Products Fund III, Variable Insurance Products Fund IV and Variable 
  Insurance Products Fund V · Incorporated by reference to Post-Effective Amendment 
  No. 56 to Registration Statement on Form N-4 (File No. 333-01107), as filed on 
  December 18, 2009. 
(8.2)  First Amendment as of June 26, 2009 to Participation Agreement as of June 26, 2009 
  by and among ING Life Insurance and Annuity Company, Fidelity Distributors 
  Corporation, Variable Insurance Products Fund, Variable Insurance Products Fund II, 
  Variable Insurance Products Fund III, Variable Insurance Products Fund IV and 
  Variable Insurance Products Fund V ·Incorporated by reference to Post-Effective 
  Amendment No. 56 to Registration Statement on Form N-4 (File No. 333-01107), as 
  filed on December 18, 2009. 
(8.3)  Letter Agreement dated May 16, 2007 and effective July 2, 2007 between ING Life 
  Insurance and Annuity Company, Variable Insurance Products Fund, Variable 
  Insurance Products Fund I, Variable Insurance Products Fund II, Variable Insurance 
  Product Fund V and Fidelity Distributors Corporation ·Incorporated by reference to 
  Post-Effective Amendment No. 51 to Registration Statement on Form N-4 (File No. 
  033-75962), as filed on July 27, 2007. 
(8.4)  Service Agreement effective as of June 1, 2002 by and between Fidelity Investments 
  Institutional Operations Company, Inc. and ING Financial Advisers, LLC · 
  Incorporated by reference to Post-Effective Amendment No. 33 to Registration 
  Statement on Form N-4 (File No. 033-75988), as filed on August 5, 2004. 
(8.5)  Service Contract effective as of June 1, 2002 and amended on June 20, 2003 by and 
  between Directed Services, Inc., ING Financial Advisers, LLC, and Fidelity 
  Distributors Corporation ·Incorporated by reference to Post-Effective Amendment 
  No. 33 to Registration Statement on Form N-4 (File No. 033-75988), as filed on 
  August 5, 2004. 
(8.6)  First Amendment effective April 1, 2005 to Service Contract between Fidelity 
  Distributors Corporation and ING Financial Advisers, Inc. dated June 1, 2002 and 
  amended on June 20, 2003 ·Incorporated by reference to Post-Effective Amendment 
  No. 47 to Registration Statement on Form N-4 (File No. 033-75962), as filed on 
  November 21, 2006. 

 


(8.7)  Second Amendment effective April 1, 2006 to Service Contract between Fidelity 
  Distributors Corporation and ING Financial Advisers, Inc. dated June 1, 2002 and 
  amended on June 20, 2003 ·Incorporated by reference to Post-Effective Amendment 
  No. 47 to Registration Statement on Form N-4 (File No. 033-75962), as filed on 
  November 21, 2006. 
(8.8)  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 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. 
(8.9)  Participation Agreement dated April 30, 2003 among ING Life Insurance and Annuity 
  Company, The GCG Trust (renamed effective May 1, 2003, ING Investors Trust) and 
  Directed Services, Inc. ·Incorporated by reference to Post-Effective Amendment No. 
  54 to Registration Statement on Form N-1A (File No. 033-23512), as filed on August 
  1, 2003. 
(8.10)  Amendment dated October 9, 2006 to the Participation Agreement dated April 30, 
  2003 among ING Life Insurance and Annuity Company, ING Investors Trust and 
  Directed Services, Inc. ·Incorporated by reference to Post Effective Amendment No. 
  47 to Registration Statement on Form N-4 (File No. 033-75962), as filed on 
  November 21, 2006. 
(8.11)  Participation Agreement dated as of November 28, 2001 among Portfolio Partners, 
  Inc., Aetna Life Insurance and Annuity Company and Aetna Investment Services, 
  LLC ·Incorporated by reference to Post-Effective Amendment No. 30 to 
  Registration Statement on Form N-4 (File No. 033-75962), as filed on April 8, 2002. 
(8.12)  Amendment dated March 5, 2002 between Portfolio Partners, Inc. (to be renamed 
  ING Partners, Inc. effective May 1, 2002), Aetna Life Insurance and Annuity 
  Company (to be renamed ING Life Insurance and Annuity Company effective May 1, 
  2002) and Aetna Investment Services LLC (to be renamed ING Financial Advisers, 
  LLC) to Participation Agreement dated November 28, 2001 ·Incorporated by 
  reference to Post-Effective Amendment No. 30 to Registration Statement on Form N- 
  4 (File No. 033-75962), as filed on April 8, 2002. 
(8.13)  Amendment dated May 1, 2003 between ING Partners, Inc., ING Life Insurance and 
  Annuity Company and ING Financial Advisers, LLC to the Participation Agreement 
  dated as of November 28, 2001 and subsequently amended on March 5, 2002 · 
  Incorporated by reference to Post-Effective Amendment No. 28 to Registration 
  Statement on Form N-4 (File No. 033-75988), as filed on April 10, 2003. 

 


(8.14)  Amendment dated November 1, 2004 to the Participation Agreement between ING 
  Partners, Inc., ING Life Insurance and Annuity Company and ING Financial 
  Advisers, LLC dated as of November 28, 2001 and subsequently amended on March 
  5, 2002 and May 1, 2003 ·Incorporated by reference to Post-Effective Amendment 
  No. 20 to Registration Statement on Form N-1A (File No. 333-32575), as filed on 
  April 1, 2005. 
(8.15)  Amendment dated April 29, 2005 to the Participation Agreement between ING 
  Partners, Inc., ING Life Insurance and Annuity Company and ING Financial 
  Advisers, LLC dated as of November 28, 2001 and subsequently amended on March 
  5, 2002, May 1, 2003 and November 1, 2004 ·Incorporated by reference to Post- 
  Effective Amendment No. 32 to Registration Statement on Form N-4 (File No. 033- 
  81216), as filed on April 11, 2006. 
(8.16)  Amendment dated August 31, 2005 to the Participation Agreement between ING 
  Partners, Inc., ING Life Insurance and Annuity Company and ING Financial 
  Advisers, LLC dated November 28, 2001 and subsequently amended on March 5, 
  2002, May 1, 2003, November 1, 2004 and April 29, 2005 ·Incorporated by 
  reference to Post-Effective Amendment No. 32 to Registration Statement on Form N- 
  4 (File No. 033-81216), as filed on April 11, 2006. 
(8.17)  Amendment dated December 7, 2005 to the Participation Agreement between ING 
  Partners, Inc., ING Life Insurance and Annuity Company and ING Financial 
  Advisers, LLC dated as of November 28, 2001 and subsequently amended on March 
  5, 2002, May 1, 2003, November 1, 2004, April 29, 2005, and August 31, 2005 · 
  Incorporated by reference to Post-Effective Amendment No. 32 to Registration 
  Statement on Form N-4 (File No. 033-81216), as filed on April 11, 2006. 
(8.18)  Amendment dated April 28, 2006 to the Participation Agreement between ING 
  Partners, Inc., ING Life Insurance and Annuity Company and ING Financial 
  Advisers, LLC dated as of November 28, 2001 and subsequently amended on March 
  5, 2002, May 1, 2003, November 1, 2004, April 29, 2005, August 31, 2005 and 
  December 7, 2005 ·Incorporated by reference to Registration Statement on Form N-4 
  (File No. 333-134760), as filed on June 6, 2006. 
(8.19)  Shareholder Servicing Agreement (Service Class Shares) dated as of November 27, 
  2001 between Portfolio Partners, Inc. and Aetna Life Insurance and Annuity Company 
  ·Incorporated by reference to Post-Effective Amendment No. 30 to Registration 
  Statement on Form N-4 (File No. 033-75962), as filed on April 8, 2002. 
(8.20)  Amendment dated March 5, 2002 between Portfolio Partners, Inc. (to be renamed ING 
  Partners, Inc. effective May 1, 2002) and Aetna Life Insurance and Annuity Company 
  (to be renamed ING Life Insurance and Annuity Company effective May 1, 2002) to 
  the Shareholder Servicing Agreement (Service Class Shares) dated November 27, 
  2001 ·Incorporated by reference to Post-Effective Amendment No. 30 to Registration 
  Statement on Form N-4 (File No. 033-75962), as filed on April 8, 2002. 

 


(8.21)  Amendment dated May 1, 2003 by and between ING Partners, Inc. and ING Life 
  Insurance and Annuity Company to the Shareholder Servicing Agreement (Service 
  Class Shares) dated November 27, 2001, as amended on March 5, 2002 ·Incorporated 
  by reference to Post-Effective Amendment No. 28 to Registration Statement on Form 
  N-4 (File No. 033-75988), as filed on April 10, 2003. 
(8.22)  Amendment dated November 1, 2004 to the Shareholder Servicing Agreement 
  (Service Class Shares) by and between ING Partners, Inc. and ING Life Insurance and 
  Annuity Company dated November 27, 2001, as amended on March 5, 2002 and May 
  1, 2003 ·Incorporated by reference to Registration Statement on Form N-4 (File No. 
  333-134760), as filed on June 6, 2006. 
(8.23)  Amendment dated April 29, 2005 to the Shareholder Servicing Agreement (Service 
  Class Shares) by and between ING Partners, Inc. and ING Life Insurance and Annuity 
  Company dated November 27, 2001, and amended on March 5, 2002, May 1, 2003 
  and November 1, 2004 ·Incorporated by reference to Post Effective Amendment No. 
  32 to Registration Statement on Form N-4 (File No. 033-81216), as filed on April 11, 
  2006. 
(8.24)  Amendment dated December 7, 2005 to the Shareholder Servicing Agreement 
  (Service Class Shares) by and between ING Partners, Inc. and ING Life Insurance and 
  Annuity Company dated November 27, 2001, and amended on March 5, 2002, May 1, 
  2003, November 1, 2004 and April 29, 2005 ·Incorporated by reference to 
  Registration Statement on Form N-4 (File No. 333-134760), as filed on June 6, 2006. 
(8.25)  Amendment dated April 28, 2006 to the Shareholder Servicing Agreement (Service 
  Class Shares) by and between ING Partners, Inc. and ING Life Insurance and Annuity 
  Company dated November 27, 2001, and amended on March 5, 2002, May 1, 2003, 
  November 1, 2004, April 29, 2005 and December 7, 2005 ·Incorporated by reference 
  to Registration Statement on Form N-4 (File No. 333-134760), as filed on June 6, 
  2006. 
(8.26)  Fund Participation Agreement dated as of May 1, 1998 by and among Aetna Life 
  Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore 
  Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of 
  each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, 
  Aetna Variable Portfolios, Inc. on behalf of each of its series and Aeltus Investment 
  Management, Inc. ·Incorporated by reference to Registration Statement on Form N- 
  4 (File No. 333-56297), as filed on June 8, 1998. 
(8.27)  Amendment dated November 9, 1998 to Fund Participation Agreement dated as of 
  May 1, 1998 by and among Aetna Life Insurance and Annuity Company and Aetna 
  Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced 
  VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation 
  Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on 
  behalf of each of its series and Aeltus Investment Management, Inc. ·Incorporated 
  by reference to Post-Effective Amendment No. 2 to Registration Statement on Form 
  N-4 (File No. 333-56297), as filed on December 14, 1998. 
(8.28)  Second Amendment dated December 31, 1999 to Fund Participation Agreement 

 


  dated as of May 1, 1998 and amended on November 9, 1998 by and among Aetna 
  Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable 
  Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on 
  behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its 
  series, Aetna Variable Portfolio, Inc. on behalf of each of its series and Aeltus 
  Investment Management, Inc. ·Incorporated by reference to Post-Effective 
  Amendment No. 19 to Registration Statement on Form N-4 (File No. 333-01107), as 
  filed on February 16, 2000. 
(8.29)  Third Amendment dated February 11, 2000 to Fund Participation Agreement dated as 
  of May 1, 1998 and amended on November 9, 1998 and December 31, 1999 by and 
  among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna 
  Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET 
  Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of 
  each of its series, Aetna Variable Portfolio, Inc. on behalf of each of its series and 
  Aeltus Investment Management, Inc. · Incorporated by reference to Post-Effective 
  Amendment No. 20 to Registration Statement on Form N-4 (File No. 333-01107), as 
  filed on April 4, 2000. 
(8.30)  Fourth Amendment dated May 1, 2000 to Fund Participation Agreement dated as of 
  May 1, 1998 and amended on November 9, 1998, December 31, 1999 and February 
  11, 2000 by and among Aetna Life Insurance and Annuity Company and Aetna 
  Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced 
  VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation 
  Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on 
  behalf of each of its series and Aeltus Investment Management, Inc. ·Incorporated 
  by reference to Post-Effective Amendment No. 20 to Registration Statement on Form 
  N-4 (File No. 333-01107), as filed on April 4, 2000. 
(8.31)  Fifth Amendment dated February 27, 2001 to Fund Participation Agreement dated as 
  of May 1, 1998 and amended on November 9, 1998, December 31, 1999, February 
  11, 2000 and May 1, 2000 by and among Aetna Life Insurance and Annuity 
  Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income 
  Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, 
  Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable 
  Portfolios, Inc. on behalf of each of its series and Aeltus Investment Management, 
  Inc. ·Incorporated by reference to Post-Effective Amendment No. 24 to Registration 
  Statement on Form N-4 (File No. 333-01107), as filed on April 13, 2001. 
(8.32)  Sixth Amendment dated as of June 19, 2001 to Fund Participation Agreement dated 
  as of May 1, 1998 and amended on November 9, 1998, December 31, 1999, February 
  11, 2000, May 1, 2000 and February 27, 2001 among Aetna Life Insurance and 
  Annuity Company, Aeltus Investment Management, Inc. and Aetna Variable Fund, 
  Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna 
  GET Fund, on behalf of each of its series, Aetna Generations Portfolios, Inc. on 
  behalf of each of its series and Aetna Variable Portfolios, Inc. on behalf of each of its 
  series ·Incorporated by reference to Post-Effective Amendment No. 32 to 

 


  Registration Statement on Form N-4 (File No. 033-75988), as filed on April 13, 2004. 
(8.33)  Service Agreement effective as of May 1, 1998 between Aeltus Investment 
  Management, Inc. and Aetna Life Insurance and Annuity Company in connection 
  with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna 
  Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its 
  series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna 
  Variable Portfolios, Inc. on behalf of each of its series ·Incorporated by reference to 
  Registration Statement on Form N-4 (File No. 333-56297), as filed on June 8, 1998. 
(8.34)  Amendment dated November 4, 1998 and effective as of October 15, 1998 to Service 
  Agreement effective as of May 1, 1998 between Aeltus Investment Management, Inc. 
  and Aetna Life Insurance and Annuity Company in connection with the sale of shares 
  of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna 
  Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation 
  Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on 
  behalf of each of its series ·Incorporated by reference to Post-Effective Amendment 
  No. 2 to Registration Statement on Form N-4 (File No. 333-56297), as filed on 
  December 14, 1998. 
(8.35)  Second Amendment dated February 11, 2000 to Service Agreement effective as of 
  May 1, 1998 and amended on November 4, 1998 between Aeltus Investment 
  Management, Inc. and Aetna Life Insurance and Annuity Company in connection 
  with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna 
  Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its 
  series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna 
  Variable Portfolios, Inc. on behalf of each of its series ·Incorporated by reference to 
  Post-Effective Amendment No. 20 to Registration Statement on Form N-4 (File No. 
  333-01107), as filed on April 4, 2000. 
(8.36)  Third Amendment dated May 1, 2000 to Service Agreement effective as of May 1, 
  1998 and amended on November 4, 1998 and February 11, 2000 between Aeltus 
  Investment Management, Inc. and Aetna Life Insurance and Annuity Company in 
  connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore 
  Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of 
  each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series and 
  Aetna Variable Portfolios, Inc. on behalf of each of its series ·Incorporated by 
  reference to Post-Effective Amendment No. 20 to Registration Statement on Form N- 
  4 (File No. 333-01107), as filed on April 4, 2000. 
(8.37)  Fourth Amendment dated as of June 26, 2001 to Service Agreement with Investment 
  Advisor effective as of May 1, 1998, as amended on November 4, 1998, February 11, 
  2000 and May 1, 2000 between Aeltus Investment Management, Inc. and Aetna Life 
  Insurance and Annuity Company in connection with the sale of shares of Aetna 
  Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced 
  VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation 
  Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on 
  behalf of each of its series ·Incorporated by reference to Post-Effective Amendment 

 


  No. 32 to Registration Statement on Form N-4 (File No. 033-75988), as filed on April 
  13, 2004. 
(8.38)  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. 
(9)  Opinion and Consent of Counsel 
(10)  Consent of Independent Registered Public Accounting Firm 
(11)  Not applicable 
(12)  Not applicable 
(13.1)  Powers of Attorney 
(13.2)  Authorizations for Signatures ·Incorporated by reference to Post-Effective 
  Amendment No. 5 to Registration Statement on Form N-4 (File No. 033-75986), as 
  filed on April 12, 1996. 

 


Item 25. Directors and Officers of the Depositor* 
Name and Principal  Positions and Offices with 
Business Address  Depositor 
Catherine H. Smith1  President and Director 
Thomas J. McInerney1  Director and Chairman 
Donald W. Britton2  Director 
Lynne R. Ford3  Director and Executive Vice President 
Robert G. Leary3  Director 
Michael S. Smith4  Director 
Ewout L. Steenbergen3  Director, Executive Vice President and Chief 
    Financial Officer 
Steven T. Pierson2  Senior Vice President and Chief Accounting Officer 
Boyd G. Combs2  Senior Vice President, Tax 
Brian D. Comer1  Senior Vice President 
Ralph R. Ferraro1  Senior Vice President 
Mark B. Kaye4  Senior Vice President 
Richard T. Mason1  Senior Vice President 
Shaun P. Mathews5  Senior Vice President 
Timothy T. Matson1  Senior Vice President 
David S. Pendergrass2  Senior Vice President and Treasurer 
Prakash Shimpi3  Senior Vice President 
Carol Stern6  Vice President and Chief Compliance Officer 
Joy M. Benner7  Secretary 
*  These individuals may also be directors and/or officers of other affiliates of the Company. 
1  The principal business address of these directors and these officers is One Orange Way 
  Windsor, Connecticut 06095.   

 


2  The principal business address of this director and these officers is 5780 Powers Ferry Road, 
  N.W., Atlanta, Georgia 30327. 
3  The principal business address of these directors and this officer is 230 Park Avenue, New 
  York, New York 10169. 
4  The principal business address of this director and this officer is 1475 Dunwoody Drive, 
  West Chester, Pennsylvania 19380-1478. 
5  The principal business address of this officer is 10 State House Square, Hartford, 
  Connecticut 06103. 
6  The principal business address of this officer is 601 Thirteenth Street NW, Washington, DC 
  20005. 
7  The principal business address of this officer is 20 Washington Avenue South, Minneapolis, 
  Minnesota 55401. 
 
Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant 
 
Incorporated herein by reference to Item 28 in Pre-Effective Amendment No. 1 to the 
Registration Statement on Form N-6 for Security Life Separate Account L1 of Security Life of 
Denver Insurance Company (File No. 333-168047), as filed with the Securities and Exchange 
Commission on October 6, 2010. 
 
Item 27. Number of Contract Owners 
 
As of October 31, 2010, there were 49,279 individuals holding interests in variable annuity 
contracts funded through Variable Annuity Account B of ING Life Insurance and Annuity 
Company. 
 
Item 28. Indemnification 
 
Section 33-779 of the Connecticut General Statutes (“CGS”) provides that a corporation may 
provide indemnification of or advance expenses to a director, officer, employee or agent only as 
permitted by Sections 33-770 to 33-778, inclusive, of the CGS. Reference is hereby made to 
Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of 
CGS regarding indemnification of officers, employees and agents of Connecticut corporations. 
These statutes provide in general that Connecticut corporations incorporated prior to January 1, 
1997 shall, except to the extent that their certificate of incorporation expressly provides 
otherwise, indemnify their directors, officers, employees and agents against “liability” (defined 
as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed 
with respect to an employee benefit plan, or reasonable expenses incurred with respect to a 
proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking 
indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has 
determined that indemnification is appropriate pursuant to Section 33-774. Under Section 33- 
775, the determination of and the authorization for indemnification are made (a) by two or more 
disinterested directors, as defined in Section 33-770(3); (b) by special legal counsel; (c) by the 
shareholders; or (d) in the case of indemnification of an officer, agent or employee of the 
corporation, by the general counsel of the corporation or such other officer(s) as the board of 
directors may specify. Also, Section 33-772 with Section 33-776 provide that a corporation shall 

 


indemnify an individual who was wholly successful on the merits or otherwise against 
reasonable expenses incurred by him in connection with a proceeding to which he was a party 
because he is or was a director, officer, employee, or agent of the corporation. Pursuant to 
Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with 
respect to conduct for which the director, officer, agent or employee was adjudged liable on the 
basis that he received a financial benefit to which he was not entitled, indemnification is limited 
to reasonable expenses incurred in connection with the proceeding against the corporation to 
which the individual was named a party. 
 
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 Connecticut, ING America 
Insurance Holdings, Inc. maintains Professional Liability and fidelity bond insurance policies 
issued by an international insurer. The policies cover ING America Insurance Holdings, Inc. and 
any company in which ING America Insurance Holdings, Inc. has a controlling financial interest 
of 50% or more. These policies include the principal underwriter, as well as the depositor and 
any/all assets under the care, custody and control of ING America Insurance Holdings, Inc. 
and/or its subsidiaries. The policies provide for the following types of coverage: errors and 
omissions/professional liability, employment practices liability and fidelity/crime. 
 
Section 20 of the ING Financial Advisers, LLC Limited Liability Company Agreement executed 
as of November 28, 2000 provides that ING Financial Advisers, LLC will indemnify certain 
persons against any loss, damage, claim or expenses (including legal fees) incurred by such 
person if he is made a party or is threatened to be made a party to a suit or proceeding because he 
was a member, officer, director, employee or agent of ING Financial Advisers, LLC, as long as 
he acted in good faith on behalf of ING Financial Advisers, LLC and in a manner reasonably 
believed to be within the scope of his authority. An additional condition requires that no person 
shall be entitled to indemnity if his loss, damage, claim or expense was incurred by reason of his 
gross negligence or willful misconduct. This indemnity provision is authorized by and is 
consistent with Title 8, Section 145 of the General Corporation Law of the State of Delaware. 
 
Item 29. Principal Underwriter 
 
(a) In addition to serving as the principal underwriter for the Registrant, ING Financial 
Advisers, LLC acts as the principal underwriter for Variable Life Account B of ING Life 
Insurance and Annuity Company (ILIAC), Variable Annuity Account C of ILIAC, 
Variable Annuity Account I of ILIAC and Variable Annuity Account G of ILIAC (separate 
accounts of ILIAC registered as unit investment trusts under the 1940 Act). ING Financial 
Advisers, LLC is also the principal underwriter for (i) Separate Account N of ReliaStar 
Life Insurance Company (RLIC) (a separate account of RLIC registered as a unit 
investment trust under the 1940 Act.), (ii) ReliaStar Select Variable Account of ReliaStar 
Life Insurance Company (a separate account of RLIC registered as a unit investment trusts 
under the 1940 Act), (iii) MFS ReliaStar Variable Account (a separate account of RLIC 
registered as a unit investment trusts under the 1940 Act), (iv) Northstar Variable Account 
(a separate account of RLIC registered as a unit investment trusts under the 1940 Act) (v) 
ReliaStar Life Insurance Company of New York Variable Annuity Funds A, B, C (a 
management investment company registered under the 1940 Act), (vi) ReliaStar Life 

 


  Insurance Company of New York Variable Annuity Funds D, E, F, G, H, I (a management investment company registered under the 1940 Act), (vii) ReliaStar Life Insurance Company of New York Variable Annuity Funds M, P, and Q (a management investment company registered under the1940 Act), and (viii) ReliaStar Life Insurance Company of New York Variable Annuity Funds M P (a management investment company registered under the1940 Act).
(b)      The following are the directors and officers of the Principal Underwriter:

Name and Principal Business Address Ronald R. Barhorst 4225 Executive Square La Jolla, California 92037

Randall L. Ciccati1

Brian D. Comer1 William Wilcox1 Boyd G. Combs2  William Jasien3 M. Bishop Bastien 980 Ninth Street Sacramento, CA 95814

Nancy B. Boccella1 Dianne C Bogoian1 Anthony V. Camp, Jr.1 Mary Kathleen Carey-Reid1 Nancy D. Clifford1 Chris Cokinis4 William P. Elmslie New York, New York

Joseph J. Elmy2

Positions and Offices with Principal Underwriter Director and President

Director

Director and Senior Vice President Director and Chief Compliance Officer Senior Vice President, Tax Senior Vice President Vice President

Vice President Vice President Vice President Vice President Vice President Vice President Vice President

Vice President, Tax

 


Name and Principal  Positions and Offices with 
Business Address  Principal Underwriter 
Bernard P. Heffernon  Vice President 
10740 Nall Ave., Ste. 120   
Overland Park, KS 66211   
Mark E. Jackowitz  Vice President 
22 Century Hill Dr., Ste. 101   
Latham, NY 12110   
Dave Kaherl1  Vice President 
David Kelsey1  Vice President 
Barbara J. Kesterson4  Vice President 
Christina Lareau1  Vice President 
George D. Lessner, Jr.  Vice President 
Richardson, Texas   
Katherine E. Lewis  Vice President 
10700 West Research Dr., Ste. 190   
Milwaukee, WI 53226   
David J. Linney  Vice President 
2900 N. Loop W., Ste. 180   
Houston, TX 77092   
Frederick C. Litow2  Vice President 
Mark R. Luckinbill  Vice President 
2841 Plaza Place, Ste. 210   
Raleigh, NC 27612   
Richard T. Mason1  Vice President 
Pamela L. Mulvey1  Vice President 
Brian J. Murphy1  Vice President 
Scott T. Neeb  Vice President 
4600 Ulster Street   
Denver, CO 80237   
David Pendergrass2  Vice President and Treasurer 
Ethel Pippin1  Vice President 
Michael J. Pise1  Vice President 

 


Name and Principal  Positions and Offices with 
Business Address  Principal Underwriter 
 
Spencer T. Shell2  Vice President and Assistant Treasurer 
Frank W. Snodgrass  Vice President 
9020 Overlook Blvd.   
Brentwood, TN 37027   
Christina M. Starks  Vice President 
2000 21st Avenue NW   
Minot, North Dakota 58703   
Carl P. Steinhilber1  Vice President 
Terran Titus1  Vice President 
S. Bradford Vaughan, Jr.  Vice President 
2510 Pike Street, Ste. 2510   
Seattle, WA 98101   
Judeen T. Wrinn1  Vice President 
Nancy S. Stillman1  Assistant Vice President 
Kristin H. Hultgren1  Chief Financial Officer 
Joy M. Benner5  Secretary 
John Cecere1  Assistant Secretary 
Tina M. Nelson5  Assistant Secretary 
Melissa A. O’Donnell5  Assistant Secretary 
Randall K. Price5  Assistant Secretary 
Susan M. Vega5  Assistant Secretary 
Terry L. Owens2  Tax Officer 
 
1  The principal business address of these directors and these officers is One Orange Way, 
  Windsor, Connecticut 06095-4774.   
2  The principal business address of these officers is 5780 Powers Ferry Road, N.W., Atlanta, 
  Georgia 30327.   
3  The principal business address of these officers is 12701 Fair Lakes Circle, Suite 470, 
  Fairfax, Virginia 22033.   
4  The principal business address of these officers is 909 Locust Street, Des Moines, Iowa 
  50309.   

 


5  The principal business address of these officers is 20 Washington Avenue South, 
  Minneapolis, Minnesota 55401.       
 
(c)  Compensation to Principal Underwriter:     
 
(1)      (2)  (3)  (4)  (5) 
 
Name of    Net Underwriting  Compensation     
Principal    Discounts and  on Redemption  Brokerage   
Underwriter  Commissions  or Annuitization  Commissions  Compensation* 
 
ING Financial        $1,658,134.85 
Advisers, LLC         
 
*  Reflects compensation paid to ING Financial Advisers, LLC attributable to regulatory and 
  operating expenses associated with the distribution of all registered variable annuity 
  products issued by Variable Annuity Account B of ING Life Insurance and Annuity 
  Company during 2009.       
 
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 ING Life Insurance and Annuity Company at One Orange Way, 
Windsor, Connecticut 06095-4774 and at ING Americas at 5780 Powers Ferry Road, Atlanta, 
Georgia 30327-4390.       
 
Item 31.  Management Services       
 
Not applicable         
 
Item 32.  Undertakings       
 
Registrant hereby undertakes:       
 
  (a)  to file a post-effective amendment to this registration statement on Form N-4 as 
    frequently as is necessary to ensure that the audited financial statements in the 
    registration statement are never more than sixteen months old for as long as payments 
    under the variable annuity contracts may be accepted;   
 
  (b)  to include as part of any application to purchase a contract offered by a prospectus 
    which is part of this registration statement on Form N-4, a space that an applicant can 
    check to request a Statement of Additional Information;   
 
  (c)  to deliver any Statement of Additional Information and any financial statements 
    required to be made available under this Form N-4 promptly upon written or oral 
    request; and       

 


(d) during the Guarantee Period, to mail notices to current shareholders promptly after the 
happening of significant events related to the guarantee issued by ING Life Insurance 
and Annuity Company (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 shareholder’s right to receive his or her guaranteed amount on the 
maturity date; (iii) the insolvency of ING Life Insurance and Annuity Company; or (iv) 
a reduction in the credit rating of ING Life Insurance and Annuity Company’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 
prospectus which is a part of this registration statement on Form N-4, a space that an 
applicant can check to request the most recent annual and/or quarterly report of ING 
Life Insurance and Annuity Company. 
 
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted 
to directors, officers and controlling persons of the Registrant pursuant to the foregoing 
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and 
Exchange Commission such indemnification is against public policy as expressed in the Act and 
is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities 
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or 
controlling person of the Registrant in the successful defense of any action, suit or proceeding) is 
asserted by such director, officer or controlling person in connection with the securities being 
registered, the 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 it is against public policy as expressed in the Act and will be governed by the 
final adjudication of such issue. 
 
ING Life Insurance and Annuity Company represents that the fees and charges deducted under 
the contracts covered by this registration statement, in the aggregate, are reasonable in relation to 
the services rendered, the expenses expected to be incurred, and the risks assumed by the 
insurance company. 

 


  SIGNATURES     
 
As required by the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant, 
Variable Annuity Account B of ING Life Insurance and Annuity Company, certifies that it meets the 
requirements of Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment to its 
Registration Statement on Form N-4 (File No. 033-75998) and has duly caused this Post-Effective 
Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of 
Windsor, State of Connecticut, on the 3rd day of December, 2010.     
 
  VARIABLE ANNUITY ACCOUNT B OF     
  ING LIFE INSURANCE AND ANNUITY COMPANY 
  (Registrant)     
 
  By:  ING LIFE INSURANCE AND ANNUITY 
    COMPANY     
    (Depositor)     
 
  By:  Catherine H. Smith*     
    Catherine H. Smith     
    President     
    (principal executive officer)     
 
As required by the Securities Act of 1933, this Post-Effective Amendment No. 29 to the     
Registration Statement has been signed by the following persons in the capacities and on the date 
indicated.         
 
Signature  Title      Date 
 
Catherine H. Smith*  President and Director    )   
Catherine H. Smith  (principal executive officer)  )   
      )   
T. J. McInerney*  Director and Chairman    )  December 
Thomas J. McInerney      )  3, 2010 
      )   
Donald Britton*  Director    )   
Donald Britton      )   
      )   
Lynne R. Ford*  Director and Executive Vice President  )   
Lynne R. Ford      )   
      )   
Robert G. Leary*  Director    )   
Robert G. Leary      )   
      )   
Michael S. Smith*  Director    )   
Michael S. Smith      )   
      )   
Ewout Steenbergen*  Director, Executive Vice President and Chief Financial  )   
Ewout Steenbergen  Officer    )   
      )   

 


Steven T. Pierson*  Senior Vice President and Chief Accounting Officer  ) 
Steven T. Pierson    ) 
 
By: /s/J. Neil McMurdie   
J. Neil McMurdie   
*Attorney-in-Fact   

 


  VARIABLE ANNUITY ACCOUNT B 
  EXHIBIT INDEX 
Exhibit No.  Exhibit 
24(b)(9)  Opinion and Consent of Counsel 
24(b)(10)  Consent of Independent Registered Public Accounting Firm 
24(b)(13.1)  Powers of Attorney