-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CTGamG7ep22yNaWiQhKJ9OqJugQIiSrFgbpCQZpSh0DV5GgAId+t+7FXRxumw1BO m8uIaPVVTOACy62BEZcZlA== 0000837276-04-000458.txt : 20041103 0000837276-04-000458.hdr.sgml : 20041103 20041103155640 ACCESSION NUMBER: 0000837276-04-000458 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041103 DATE AS OF CHANGE: 20041103 EFFECTIVENESS DATE: 20041103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPARATE ACCOUNT B OF ING USA ANNUITY LIFE INSURANCE CO CENTRAL INDEX KEY: 0000836687 IRS NUMBER: 000000000 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-30180 FILM NUMBER: 041116444 BUSINESS ADDRESS: STREET 1: 1475 DUNWOODY DRIVE STREET 2: SUITE 400 CITY: WEST CHESTER STATE: PA ZIP: 19380-1478 BUSINESS PHONE: 610-425-3400 MAIL ADDRESS: STREET 1: 1475 DUNWOODY DRIVE STREET 2: P.O. BOX 2700 CITY: WEST CHESTER STATE: PA ZIP: 19380-2700 FORMER COMPANY: FORMER CONFORMED NAME: SEPARATE ACCOUNT B OF ING USA ANNUITY & LIFE INSURANCE CO DATE OF NAME CHANGE: 20031230 FORMER COMPANY: FORMER CONFORMED NAME: SEPARATE ACCOUNT B OF GOLDEN AMERICAN LIFE INSURANCE CO DATE OF NAME CHANGE: 19930506 FORMER COMPANY: FORMER CONFORMED NAME: SPECIALTY MANAGERS SEPARATE ACCOUNT B DATE OF NAME CHANGE: 19910529 497 1 ingusasupp.txt SUPPLEMENT ING USA ANNUITY AND LIFE INSURANCE COMPANY (FORMERLY GOLDEN AMERICAN LIFE INSURANCE COMPANY) SEPARATE ACCOUNT B OF ING USA ANNUITY AND LIFE INSURANCE COMPANY PROSPECTUS SUPPLEMENT DATED NOVEMBER 8, 2004 TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION DATED MAY 1, 2004 FOR DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS ISSUED BY ING USA ANNUITY AND LIFE INSURANCE COMPANY ("GOLDENSELECT ACCESS(R)", "GOLDENSELECT ACCESS(R) ONE", "GOLDENSELECT DVA(R)", "GOLDENSELECT DVA PLUS(R)", "GOLDENSELECT ES II(R)", "GOLDENSELECT GENERATIONS(R)", "GOLDENSELECT LANDMARK(R)", "GOLDENSELECT LEGENDS", "GOLDENSELECT OPPORTUNITIES" AND "GOLDENSELECT PREMIUM PLUS(R)") The information in this supplement updates and amends certain information concerning investment options, some or all of which is contained in each of the above-referenced prospectuses, the supplements to the prospectuses dated August 6, 2004 and the Statements of Additional Information. Not all investment options are offered through every prospectus. You should read and keep this supplement along with the prospectus. Effective July 1, 2004, the subadviser name listed in the "Fund Name and Investment Adviser/Subadviser" column in Appendix B is amended to reflect the change in the name of the Subadviser from Aeltus Investment Management, Inc. to ING Investment Management Co. for the following portfolios: ING GET U.S. Core Portfolio ING International Portfolio ING Liquid Assets Portfolio ING VP Financial Services Portfolio ING VP Index Plus LargeCap Portfolio ING VP Index Plus MidCap Portfolio ING VP Index Plus SmallCap Portfolio ING VP Intermediate Bond Portfolio ING VP MagnaCap Portfolio ING VP MidCap Opportunities Portfolio ING VP SmallCap Opportunities Portfolio ING VP Worldwide Growth Portfolio ING MFS RESEARCH PORTFOLIO Effective November 8, 2004, the portfolio name, "ING MFS Research Portfolio" is changed to "ING Oppenheimer Main Street Portfolio" and the subadviser is changed from Massachusetts Financial Service Company to OppenheimerFunds, Inc. wherever it appears in the prospectus. The description under the "Investment Objective" column in Appendix B, "The Investment Portfolios" is deleted and replaced with the following: INVESTMENT OBJECTIVE Seeks long-term growth of capital and future income. The Portfolio currently invests mainly in common stocks of U.S. companies of different capitalization ranges, presently focusing on large-capitalization issuers. It also can buy debt securities, such as bonds and debentures, but does not currently emphasize these investments. GoldenSelect - 133985 1 11/08/04 AIM VARIABLE INSURANCE FUNDS Effective November 8, 2004, the following portfolios have changed their names and subadviser as indicated in the chart below: ---------------------------------------------- ------------------------------- FORMER FUND NAME AND SUBADVISER NEW FUND NAME AND SUBADVISER ---------------------------------------------- ------------------------------- ---------------------------------------------- ------------------------------- INVESCO VIF - LEISURE FUND AIM V.I. LEISURE FUND SUBADVISER: INVESCO Institutional (N.A.), Inc. SUBADVISER: AIM Advisors, Inc. ---------------------------------------------- ------------------------------- ---------------------------------------------- ------------------------------- INVESCO VIF - UTILITIES FUND AIM V.I. UTILITIES FUND SUBADVISER: INVESCO Institutional (N.A.), Inc. SUBADVISER: AIM Advisors, Inc. ---------------------------------------------- ------------------------------- LIFESTYLE PORTFOLIOS Effective November 8, 2004, the portfolios listed in the section of Appendix B, "The Investment Portfolios", entitled, "The following portfolios are within the current group of ING Portfolios included in one or more of the LifeStyle Portfolios" is amended to remove the ING Marsico Growth Portfolio and to add the ING Mercury Focus Value Portfolio and the ING Van Kampen Comstock Portfolio. ING USA ANNUITY AND LIFE INSURANCE COMPANY ING USA Annuity and Life Insurance Company is a stock company domiciled in Iowa. GoldenSelect - 133985 2 11/08/04 ING USA ANNUITY AND LIFE INSURANCE COMPANY SEPARATE ACCOUNT B OF ING USA ANNUITY AND LIFE INSURANCE COMPANY PROSPECTUS SUPPLEMENT DATED NOVEMBER 8, 2004 TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION DATED MAY 1, 2004 FOR DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS ISSUED BY ING USA ANNUITY AND LIFE INSURANCE COMPANY ("WELLS FARGO ING LANDMARK AND WELLS FARGO ING OPPORTUNITIES") The information in this supplement updates and amends certain information contained in the prospectuses dated May 1, 2004, the supplement to the prospectuses dated August 6, 2004 and the Statements of Additional Information. You should read and keep this supplement along with the prospectus. 1. The following investment portfolios are added to the available list of investment portfolios under the ING Investors Trust Portfolios available under your Contract: ING INVESTORS TRUST ING American Funds Growth Portfolio ING American Funds Growth-Income Portfolio ING American Funds International Portfolio 2. The Fund Expense Table is amended to include the following additional portfolios:
--------------------------------------------------------------------------------------------------------------------------- TOTAL FUND NET FUND DISTRIBUTION ANNUAL ANNUAL AND/OR EXPENSES TOTAL EXPENSES INVESTMENT SERVICE OTHER EXPENSES WITHOUT WAIVERS AFTER ADVISORY (12B-1) WAIVERS OR OR WAIVERS OR FUND NAME FEES FEES REDUCTIONS REDUCTIONS REDUCTIONS ING American Funds Growth Portfolio (1)(2)(3)(4) 0.37% 0.75% 0.05% 1.17% 0.00% 1.17% ING American Funds Growth-Income Portfolio (1)(2)(3)(4) 0.33% 0.75% 0.04% 1.12% 0.00% 1.12% ING American Funds International Portfolio (1)(2)(3)(4) 0.57% 0.75% 0.09% 1.41% 0.00% 1.41% ---------------------------------------------------------------------------------------------------------------------------
(1) This table reflects the aggregate annual operating expenses of each Portfolio and its corresponding Master Fund. (2) Pursuant to its investment management agreement with the Trust, ING Investments, LLC may charge an annual advisory fee at asset levels that are the same as the current asset levels of the Master Funds equal to 0.37% for ING American Funds Growth Portfolio, 0.33% for ING American Funds Growth-Income Portfolio and 0.57% for ING American Funds International Portfolio of the average daily net assets if the respective Portfolio does not invest substantially all of its assets in another investment company. If a Portfolio invests substantially all of its assets in another investment company, ING Investments, LLC does not charge an advisory fee. Each Portfolio anticipates investing substantially all of its assets in another investment company. Wells Fargo - 133982 1 11/08/04 (3) Shares of each ING American Funds Portfolio are subject to a Rule 12b-1 fee at an annual rate of 0.50% of average daily net assets payable to Directed Services, Inc. (DSI). In addition, Class 2 Shares of each of the ING American Funds Growth Portfolio, the ING American Funds Growth-Income Portfolio and the ING American Funds International Portfolio pay 0.25% of average net assets annually pursuant to a Plan of Distribution or 12b-1 plan. Shareholders of the Class 2 Shares of the Master Funds pay only their proportionate share of 12b-1 plan expenses. (4) "Other Expenses" are estimated because the Portfolios did not have a full year of operations as of December 31, 2003. 3. The section of the prospectus entitled, "The Trusts and Funds", is amended to include the following: Certain funds are designated as "Master-Feeder" funds. Funds offered in a Master-Feeder structure (such as the American Funds) may have higher fees and expenses than a fund that invests directly in debt and equity securities. 4. The section of the prospectus entitled, "Trust and Fund Expenses", is amended to include the following: Certain funds are designated as "Master-Feeder" funds. Funds offered in a Master-Feeder structure (such as the American Funds) may have higher fees and expenses than a fund that invests directly in debt and equity securities. The Fund Expense Table included in "Fees and Expenses" reflects the aggregate annual operating expenses of each portfolio and its corresponding underlying fund or funds. These funds are identified in the Fund Expense Table. 5. Page B-1 of "Appendix B - The Investment Portfolios," is amended to include the following: Certain funds are designated as "Master-Feeder Funds." Funds offered in a Master-Feeder structure (such as the American Funds) may have higher fees and expenses than a fund that invests directly in debt and securities. 6. "Appendix B -- The Investment Portfolios," is amended to add the following investment options to those available under your Contract:
FUND NAME AND INVESTMENT ADVISER/SUBADVISER INVESTMENT OBJECTIVE ------------------------------------------------------ --------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ING INVESTORS TRUST ------------------------------------------------------ --------------------------------------------------------- ING AMERICAN FUNDS GROWTH PORTFOLIO Seeks to make your investment grow. The Portfolio operates as a "feeder fund" which invests all of its INVESTMENT ADVISER: ING Investments, LLC assets in the "master fund" which is Class 2 shares of INVESTMENT SUBADVISER: Capital Research and the Growth Fund, a series of American Funds Insurance Management Company Series(R), a registered open-end investment company. The master fund invests primarily in common stocks of companies that appear to offer superior opportunities for growth of capital. The Growth Fund is designed for investors seeking long-term capital appreciation through stocks. ------------------------------------------------------ --------------------------------------------------------- ------------------------------------------------------ --------------------------------------------------------- Seeks to make your investment grow and provide you with income over time. The Portfolio operates as a "feeder ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO fund" which invests all of its assets in the "master fund" which is Class 2 shares of the Growth-Income Fund, INVESTMENT ADVISER: ING Investments, LLC a series of American Funds Insurance Series(R), a INVESTMENT SUBADVISER: Capital Research and registered open-end investment company. The master Management Company fund invests primarily in common stocks or other securities which demonstrate the potential for appreciation and/or dividends. The Growth-Income Fund is designed for investors seeking both capital appreciation and income. ------------------------------------------------------ --------------------------------------------------------- Wells Fargo - 133982 2 11/08/04 ------------------------------------------------------ --------------------------------------------------------- Seeks to make your investment grow over time. The Portfolio operates as a "feeder fund" which invests all ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO of its assets in the "master fund" which is Class 2 shares of the International Fund, a series of INVESTMENT ADVISER: ING Investments, LLC American Funds Insurance Series(R), a registered open-end INVESTMENT SUBADVISER: Capital Research and investment company. The master fund invests primarily Management Company in common stocks of companies located outside the United States. The International Fund is designed for investors seeking capital appreciation through stocks. ------------------------------------------------------ ---------------------------------------------------------
7. ING MFS RESEARCH PORTFOLIO The portfolio name, "ING MFS Research Portfolio" is changed to "ING Oppenheimer Main Street Portfolio" and the subadviser is changed from Massachusetts Financial Service Company to OppenheimerFunds, Inc. wherever it appears in the prospectus. The description under the "Investment Objective" column in Appendix B is amended to read as follows to reflect a change in the investment strategy of the portfolio: INVESTMENT OBJECTIVE Seeks long-term growth of capital and future income. The Portfolio currently invests mainly in common stocks of U.S. companies of different capitalization ranges, presently focusing on large-capitalization issuers. It also can buy debt securities, such as bonds and debentures, but does not currently emphasize these investments. 8. Effective July 1, 2004, the subadviser name listed in the "Fund Name and Investment Adviser/Subadviser" column in Appendix B is amended to reflect the change in the name of the Subadviser from Aeltus Investment Management, Inc. to ING Investment Management Co. for the following portfolios: ING VP Index Plus LargeCap Portfolio ING VP Intermediate Bond Portfolio ING VP MagnaCap Portfolio ING VP MidCap Opportunities Portfolio ING VP SmallCap Opportunities Portfolio ING VP Worldwide Growth Portfolio ING USA ANNUITY AND LIFE INSURANCE COMPANY ING USA Annuity and Life Insurance Company is a stock company domiciled in Iowa Wells Fargo - 133982 3 11/08/04 -----END PRIVACY-ENHANCED MESSAGE-----