ING-USG Annuity & Life Insurance Company MultiSet Plus Multi-Year Guarantee Annuity Product and Purchase Information Page for California Residents

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this page is for California Residents only
Online Annuity Information and Purchase Page for ING USG Annuity / MultiSet Plus Multi-Year Guarantee Annuity

ING USG Annuity

Parent company of ING USG Annuity is ING Group

•ING USG Annuity Company Ratings

A.M. Best, Standard & Poor's and Moody's

ratings for ING USG Annuity

(PDF: 99k)

•ING Company Profile

ING Group is a globally integrated financial services

company. headquartered in. the Netherlands and is

one of the. largest financial. services. companies in

the world. ING employs. more than. 100,000 people

in some 65 countries.

(PDF: 240k)

Featured Annuity Product

•MultiSet Plus (Multi-Year Guarantee Annuity)

A single premium annuity offering many choices to

best suit your financial needs.

(PDF: 99k)

Basic Description

The ING USG. Annuity Company MultiSet. Plus Multi-

Year Guarantee Annuity is a tax-deferred annuity. You

defer paying income. taxes on. the money you earn in-

side your annuity until you withdraw it. For the annuity

investor this means. that your premium earns interest,

your interest earns interest, and the money you would

have paid in taxes earns interest.

You can currently. select 1 of 3 guaranteed interest

rate periods (5, 7, & 10 years). when. you purchase

a MultiSet Plus. Annuity. The longer. guarantee per-

iods offer you the opportunity to lock in. higher inter-

est rates than the shorter guarantee periods. On the

other hand, shorter. guarantee. periods offer quicker

access to. your money. because they. have shorter

surrender periods.

Bullet Points

• Nursing Home Waiver - if the annuitant is confined

to a hospital. or qualified. nursing home for at least 30

consecutive days. after the contract effective date. no

surrender charge. or market. value. adjustment (MVA)

will apply.

(PDF: 42k)

• Information about MultiSet Plus Withdrawals

• Free Withdrawals - after. 30 days, the owner

may withdraw. interest earned. (and not previously

withdrawn in the prior 12 months) without an MVA

or surrender. charge. After the 1st. contract. year,

10% of accumulation value can be withdrawn.

• Death Benefit Protection - when. the. owner or

annuitant dies, the company waives any applicable

surrender charge. and pays the accumulation value

plus any positive MVA, directly. to the. designated

beneficiary.

• Market Value Adjustment (MVA) - when ING

USG Annuity issues. an annuity, one. of the risks

the companies. face is the. chance. that. contract

owners. will. want to. withdraw. money. from. their

annuities. at a time. when. the market value of the

investments. backing. their. annuities. is. low. The

market. value adjustment. (MVA). provision allows

contract owners to share some of that risk.

The MVA. can. increase. or decrease. the accumu-

lation. value. of an. annuity. only. if. more. than. the

free withdrawal amount is withdrawn or the contract

is surrendered before. the end of the guarantee per-

iod. Because the company. and the contract owner

share the risk on. MVA. annuities, a higher interest

rate can usually be paid on MVA annuities. than on

similar annuities without MVA's.

Here is a link, in Adobe Acrobat .pdf format, that

explains Market Value Adjustment (MVA) details:

(PDF: 202k)

Issue Ages

0-90 for a non-qualifed annuity

0-90 for a qualified annuity

Minimum Initial Premium

MultiSet Plus 5-year & 10-year annuities

$5,000 for a non-qualified annuity

$5,000 for a qualified annuity

MultiSet Plus 7-year annuities

$10,000 for a non-qualified annuity

$10,000 for a qualified annuity

Maximum Premium

Maximum Contribution without approval - $1,000,000

Minimum guaranteed Rate

3% annually

MultiSet Plus Withdrawals

If a withdrawal or full. surrender exceeds the free with-

drawal amount in. any contract. year, an. MVA and a

surrender. charge. will apply. to the. full. amount with-

drawn in that contract year.

Surrender charge is a percent of accumulation value.

Surrender carges are placed on the entire withdrawal

if more than amount. allowed is withdrawn in a partic-

ular year.

Early Withdrawal Charges
Length of Time from	% of Amount Withdrawn
Purchase Payment	in excess of Permitted
	Permitted Free Amounts
.	.
5 year guarantee period	.
Year	Percentage
1	7
2	7
3	7
4	6
5	5
.	.
7 year guarantee period	.
Year	Percentage
1	7
2	7
3	7
4	6
5	5
6	4
7	3
.	.
10 year guarantee period	.
Year	Percentage
1	7
2	7
3	7
4	6
5	5
6	4
7	3
8	2
9	1

Current Interest Rates MultiSet Plus Multi-Year Guarantee Annuity */**

Term of Guarantee	Base Rate	1st Year only Interest Bonus	Total First Year Rate	Rate for years 2-5	Effective Date
5 years	3.00%	0.00%	3.00%	3.00%	02-05-2003
			Total First Year Rate	Rate for years 2-7
7 years	3.45%	0.00%	3.45%	3.45%	02-05-2003
			Total First Year Rate	Rate for years 2-10
10 years	3.65%	2.35%	6.00%	3.65%	02-05-2003

* - The interest rates presented in the Base Rate, 1st Year only

.....Interest Bonus, Total First. Year Rate, Rate for years 2-5,

.....Rate for. years 2-7, Rate. for years. 2-10 columns are sub-

.....ject to change at any time.

** - The interest rate that you receive on the MultiSet Plus (MSP)

.......you purchase may be different than the Current Interest Rate

.......presented in the table above.

How to purchase a MultiSet Plus Annuity

(California Residents Only)

To purchase a Multiset Plus Annuity go the following sections below:

•DOWNLOADABLE ANNUITY PURCHASE FORMS

•SUBMITTING AND PROCESSING YOUR ANNUITY APPLICATION

If you need help completing the forms send us an e-mail message

with your inquiry; please include your phone number.

•DOWNLOADABLE ANNUITY PURCHASE FORMS

CALIFORNIA RESIDENTS ONLY

Annuity Purchase Forms***/****:

Forms for cash purchase:

ING-USG Fixed Annuity Application

(PDF: 119k)

ING-USG Understanding Your Multiset Plus Annuity Contract

(PDF: 181k)

CALIFORNIA NOTICE

(PDF: 21k)

Download this form with all above forms

if transfer or exchange:

ING-USG Transfer/Exchange Forms

(PDF: 117k)

Download this for with all above forms

if replacement is involved:

ING-USG Annuity Replacement Notice

(PDF: 33k)

***These annuity forms. are in Adobe Acrobat. Portable Document

Format (PDF) you will need an Adobe Acrobat Reader to read and

print out these forms.

****If you are not able to download the above forms, you can call

us at 650-355-4576 (press the 1 key on your phone dialpad) and

leave your name, address, and phone number. We can send the

forms to you in the mail or call you back with any information.

•SUBMITTING AND PROCESSING YOUR ANNUITY APPLICATION

CALIFORNIA RESIDENTS ONLY

Here's how you can purchase your annuity:

1). Go to the above section titled Annuity Purchase Forms

and download the forms you need.

2). Print the forms. Fill out, sign, and date the forms.

3). If you have any questions about filling out the forms please

call for assistance at 650-355-4576

4). Make out a check payable to:

.....USG Annuity & Life Company

in the amount that you want to deposit into your annuity.

Maximum annuity. deposit amount is $1,000,000. If you

want to make a deposit greater. than $1,000,000 call us

at 650-355-4576 so we can get approval for the deposit.

5). Mail your check and annuity application forms to:

.....William Baker

.....Agent, ING/USG Annuity & Life Company

.....3940 Chilton Lane

.....San Bruno, CA 94066

Who is the agent handling my annuity transaction?

William E. Baker

California Department of Insurance License #0489216

To check my license status with the California

Department of Insurance:

1). go to: http://www4.insurance.ca.gov/wu/licw_lic_search$.startup

2). enter: 0489216 in the box following the words "License Number"

3). click on the "Submit Query" button

We hope you enjoy visiting our site and if you have any questions

or comments, please feel free to send us an e-mail message.