Exhibit 99-B.8.23

                SECOND AMENDMENT OF PARTICIPATION AGREEMENT

This Second Amendment by and among American Funds Distributors, Inc.,
American Funds Service Company, ING Life Insurance and Annuity Company, ReliaStar
Life Insurance Company and ReliaStar Life Insurance Company of New York, is
effective November 1, 2006.

     WHEREAS, the parties have entered into a Participation Agreement dated
January 1, 2003 as amended January 3, 2006 (the “Agreement”);

     WHEREAS, the parties desire to add Short-Term Bond Fund of America, a new
fund in the American Funds family, to the Agreement;

     NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained, the parties hereby agree as follows:

(1)	Effective November 1, 2006, Schedule A of the Agreement is amended by adding the following fund to the Schedule:
	Short-Term Bond Fund of America

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date above.

AMERICAN FUNDS DISTRIBUTORS, INC.

By: /s/ David Givner
Name: David Givner
Title: Secretary

AMERICAN FUNDS SERVICE COMPANY

By: /s/ Ryan Rue
Name: Ryan Rue
Title: Sr. Manager

ING LIFE INSURANCE AND ANNUITY COMPANY

By: /s/ Michael C. Eldredge
Name: Michael C. Eldredge
Title: Vice President

RELIASTAR LIFE INSURANCE COMPANY

By: /s/ Richard K. M. Lau
Name: Richard K. M. Lau
Title: Vice President

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

By: /s/ Richard K. M. Lau
Name: Richard K. M. Lau
Title: Vice President