424B3 1 selectmulti-index57njandtx.htm SUPPLEMENT selectmulti-index57njandtx.htm - Generated by SEC Publisher for SEC Filing

                                                   SUPPLEMENT Dated June 28, 2010
                                                To the Prospectus Dated May 20, 2010

                                          ING Select Multi-Index 5 & 7
                                   Issued By ING Life Insurance and Annuity Company

This supplement updates the prospectus. Please read this supplement 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 1-888-854-5950.

For Contracts issued in Texas:

1. Under “Charges – Surrender Charge” on page 9, please replace the first sentence of the
Important Note in its entirety with the following:

The waiver of Surrender Charge for Extended Medical Care or a Terminal Condition is not available for
contracts issued in Massachusetts, California and Texas.

For Contracts issued in New Jersey:

1. Under “Glossary” on page 4, please replace the definition of Minimum Guaranteed
Strategy Value in its entirety with the following:

Minimum Guaranteed Strategy Value – A value equal to 87.5% (90% for Contracts issued in New
Jersey) of the portion of the Premium allocated to a Strategy (less premium taxes, if applicable), plus
Reallocations into that Strategy, minus Reallocations and Surrenders taken from Accumulation Value
in that Strategy, plus interest credited and compounded daily in a manner to yield the applicable
Minimum Guaranteed Strategy Value Rate. See page 15.

2. Under “Minimum Guaranteed Contract Value” on page 15, please replace the third
paragraph in its entirety with the following:

The Minimum Guaranteed Strategy Value of each Strategy equals:

Is 87.5% (90% for Contracts issued in New Jersey) of the portion of the Premium allocated to the 
Strategy, less premium taxes, if applicable; 
è Plus Reallocations into that Strategy; 
è Minus Reallocations and Surrenders taken from Accumulation Value in that Strategy; and 
è Plus interest credited and compounded daily in a manner to yield the applicable Minimum 
Guaranteed Strategy Value Rate. 

3.  Under “Spousal Beneficiary Contract Continuation” on page 24, please add the following 
  Important Note at the end of this section: 
 
  ¡ IMPORTANT NOTE: For contracts issued in New Jersey only, a surviving civil union partner will 
  have the same option to continue the Contract as a surviving spouse. All references in this section to a 
  “surviving spouse” shall apply equally to a civil union partner. If the Contract is continued by a civil union 
  partner, the Death Benefit must be paid in accordance with Section 72(s) of the Code. 
 
4.  Under “Right to Examine and Return This Contract” on page 28, please add the following 
  Important Note at the end of this section: 
 
  ¡ IMPORTANT NOTE: For Contracts issued in New Jersey only, we will promptly pay you the 
  Accumulation Value, including any contract fees or other charges, as of the date the returned Contract is 
  received by us. 

Select Multi-Index 5 & 7 - 156266  06/28/2010