September 14, 2007
Prospectus SUPPLEMENT

ING USA Annuity and Life Insurance Company
ReliaStar Life Insurance Company of New York
ING Life Insurance and Annuity Company

This supplement updates the prospectus for your 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.

IMPORTANT INFORMATION REGARDING AN UPCOMING
CHANGE TO OUR EXCESSIVE TRADING POLICY

Effective October 16, 2007

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.

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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 wouldmeet our definition of Excessive Trading; or
• Six round-trips involving the same fund within a twelve month period.

The following transactions are excluded when determining whether trading activity is excessive:

• Purchases or sales of shares related to non-fund transfers (for example, new purchase payments, withdrawals and loans);
• Transfers associated with scheduled dollar cost averaging, scheduled rebalancing or scheduled asset allocation programs;
• Purchases and sales of fund shares in the amount of $5,000 or less;
• Purchases and sales of funds that affirmatively permit short-term trading in their fund shares, and movement between such funds and a money market fund; and
• Transactions initiated by us, another member of the ING family of insurance companies or a fund.

If we determine that an individual or entity has made a purchase of a fund within 60 days of a prior
round-trip involving the same fund, we will send them a letter (once per year) warning that another sale of
that same fund within 60 days of the beginning of the prior round-trip will be deemed to be Excessive
Trading and result in a six month suspension of their ability to initiate fund transfers or reallocations
through the Internet, facsimile, Voice Response Unit (VRU), telephone calls to the ING Customer
Service Center, or other electronic trading medium that we may make available from time to time
(“Electronic Trading Privileges”). Likewise, if we determine that an individual or entity has made five
round-trips involving the same fund within a rolling twelve month period, we will send them a letter
warning that another purchase and sale of that same fund within twelve months of the initial purchase in
the first round-trip in the prior twelve month period will be deemed to be Excessive Trading and result in
a suspension of their Electronic Trading Privileges. According to the needs of the various business units,
a copy of the warning letters may also be sent, as applicable, to the person(s) or entity authorized to
initiate fund transfers or reallocations, the agent/registered representative or investment adviser for that
individual or entity. A copy of the warning letters and details of the individual’s or entity’s trading
activity may also be sent to the fund whose shares were involved in the trading activity.

If we determine that an individual or entity has violated our Excessive Trading Policy, we will send them
a letter stating that their Electronic Trading Privileges have been suspended for a period of six months.
Consequently, all fund transfers or reallocations, not just those which involve the fund whose shares were
involved in the activity that violated our Excessive Trading Policy, will then have to be initiated by
providing written instructions to us via regular U.S. mail. Suspension of Electronic Trading Privileges
may also extend to products other than the product through which the Excessive Trading activity
occurred. During the six month suspension period, electronic “inquiry only” privileges will be permitted
where and when possible. A copy of the letter restricting future transfer and reallocation activity to
regular U.S. mail and details of the individual’s or entity’s trading activity may also be sent, as applicable,
to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered
representative or investment adviser for that individual or entity and the fund whose shares were involved
in the activity that violated our Excessive Trading Policy.

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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.

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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.

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