EDUCATOR'S DIRECT

The simple, convenient way to save for retirement

Whether you're just starting a career or have several years in the profession, it's very important to save for the future. Of course, we probably all have what might seem to be more urgent demands on our money, but the fact is that putting aside even a small amount now can make a huge difference later. ING Educator's Direct can help. View the ING Educator's Direct video to learn how we can help take the guesswork out of investing for your future.

Your school offers you a 403(b) tax-deferred retirement plan. ING Educator's Direct is a variable annuity program issued by ING Life Insurance and Annuity Company. The program saves you the trouble and complexity of managing portfolio allocations yourself. Instead, professional money managers will monitor and adjust each investment option to help make sure each stays on track as you work toward your retirement goals.

As you know, "doing your homework" is important, especially when it comes to your retirement. That's why you should check out the following links—they give detailed information about ING Educator's Direct and its investment options. Click on each link to download and view and/or print each item.

vProgram Information

The ING Educator's Direct brochure will give you a summary of how the program works.

vAbout 403(b) Plans

Your school offers what's known as a 403(b) plan. It's a type of retirement plan only available to educators and employees of nonprofits, and works much like the well-known 401(k). ING Educator's Direct is a 403(b) program.

For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue Code withdrawal restrictions apply to '88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant's severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability.

vFund Prospectus

The ING Index Solution Portfolios Fund Prospectus is required reading for any potential investor. It includes key information regarding every detail of the ING Index Solution Portfolios^SM, including investment policies, strategies, expenses and fees. You should always read the prospectus carefully before investing.

You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information, and can be obtained on this website. Please read the information carefully before investing.

Fund Performance

The fund performance sheet provides you with information about the performance of each investment option available under ING Educator's Direct.

vDisclosure Information

The ING Educator's Direct Variable Annuity Prospectus contains detailed information about the program, such as how much you can contribute, whether or not loans are available (and for how much) and whether you can transfer in funds from another existing qualified retirement plan.

vFunds Transfer Form

This form will help you transfer funds from other employer-sponsored plans (if you have any). It includes instructions on completing the form and where to send it when you're done.

There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when you plan to start withdrawing your money. When your target date is reached, you may have more or less than the original amount invested. For each target date Portfolio, until the day prior to its Target Date, the Portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each Portfolio's designation Target Year. The Target Year is specified in the Portfolio's name. For example, the ING Index Solution 2045 Portfolio bears an asset allocation that the investment adviser believes balances the risk and return objectives of the "average" investor who will be retiring in the year 2045. With the exception of ING Solution Growth and Income Portfolio, ING Solution Growth Portfolio, ING Solution Income Portfolio and ING Index Solution Income Portfolio, each Portfolio is structured and managed around a specific target retirement or financial goal date ("Target Date") as follows: 2055, 2045, 2035, 2025 and 2015. The ING Solution Growth and Income Portfolio, ING Solution Growth Portfolio, ING Solution Income Portfolio and ING Index Solution Income Portfolio are for those who are retired, nearing retirement or in need of drawing down income from their Portfolio soon. Prior to choosing a Target Date Portfolio, investors are strongly encouraged to review and understand the Portfolio's objectives and its composition of stocks and bonds, and how the asset allocation will change over time as the target date nears. No two investors are alike and one should not assume that just because they intend to retire in the year corresponding to the Target Date that that specific Portfolio is appropriate and suitable to their risk tolerance. It is recommended that an investor consider carefully the possibility of capital loss in each of the target date Portfolios, the likelihood and magnitude of which will be dependent upon the Portfolio's asset allocation. On the Target Date, the Portfolio's investment objective will be to seek to provide a combination of total return and stability of principal consistent with a low to moderate risk asset allocation which is targeted to the "average" retiree.

Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small and midcap stocks may be more volatile than large cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally, investors with longer timeframes can consider assuming more risk in their investment portfolio. The ING Index Solution Portfolios are target date portfolios that are actively managed with respect to how their asset allocation is adjusted over time, yet are indexed with respect to how the underlying strategies within the suite are managed. Each underlying strategy seeks to replicate the performance of the index which is associated with its asset class. The portfolios may merge with or change to other portfolios over time. Refer to the prospectus for more information about the specific risks of investing in the various asset classes included in the ING Index Solution Portfolios.