Document:

EXHIBIT 10.7

                                   TERM SHEET
                                      FOR
                         TRADEMARK LICENSING AGREEMENT

Parties

The parties to the Trademark Licensing Agreement shall be Spinco and Aetna.

Definitions

All capitalized terms used in this term sheet but not otherwise defined herein
shall have the meaning set forth in the Distribution Agreement, to which this
term sheet is an exhibit.

"Marks" shall mean the intellectual property set forth on Schedule 1 hereto.
(For the avoidance of doubt, all of the rights, title and interest in and to
the mark "Aeltus" will be assigned to Aetna pursuant to the Distribution
Agreement).

Grant of License

1.   Spinco will grant to Aetna a non-exclusive, transferable to the Aetna
     Group only, royalty-free right to use the Marks, on the terms set forth
     below and subject to the terms and conditions of the existing agreements
     between certain members of the Aetna/Spinco Groups and third parties set
     forth on Schedule 2 hereto (the "License").

2.   During the Term (as defined below), the Aetna Group and its Affiliates
     will be permitted to use the Marks in connection with the Aetna Business,
     in a manner consistent with the conduct of such business and with the use
     of such Marks as at the Distribution Date, provided, however, that
     Acquiror may, during the Initial Term, use the Marks in connection with
     the offering, sale and distribution of products of the Aetna Business
     together with products of Acquiror and its other Affiliates.

3.   During the Remaining Term, the Aetna Group and its Affiliates will be
     permitted to use the Marks solely in association with the trademarks set
     forth on Schedule 3 hereto in the combined format to be agreed upon by the
     parties and set forth in the Trademark Licensing Agreement (except in
     those instances where applicable law requires use of an entity's legal
     name, as, for example, in the issuance of annuity contracts).

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4.   Except as permitted by the proviso of Section 2 above, in no event shall
     any Mark be used (i) in connection with any other business of Acquiror or
     any of its Affiliates, or (ii) as a composite with another trademark
     (other than (a) in association with the trademarks set forth on Schedule 3
     hereto in the combined format to be set forth in the Trademark Licensing
     Agreement or (b) with the trademarks of Acquiror, and in the composite
     manner, as to which Spinco has given its prior written consent).

5.   Notwithstanding the grant or the terms of the License, Spinco and the
     Spinco Group shall retain the right to use the Marks during the Term in
     connection with any action or activity, subject to the restrictions set
     forth in Section 7.04 of the Distribution Agreement.

6.   During the Term, Spinco will not license the Marks in a manner which would
     conflict with the Aetna Business as such business is conducted at the
     Distribution Date.

7.   Notwithstanding the foregoing, during the Initial Term, Aetna Group may
     use signs, labels, containers, stationary, forms (including policy forms)
     and other printed material or matter that are in the assets or inventory
     of Aetna or any Subsidiary immediately after the Distribution Time,
     provided that the Aetna Group will use reasonable efforts to deplete and
     discontinue use of such materials or other matter containing or bearing
     any of the Marks as soon as practicable in the ordinary course of
     business.

Term and Termination

1.   Except as otherwise set forth in the Trademark Licensing Agreement, the
     Term of the License will be three (3) years commencing on the Distribution
     Date. The "Initial Term" shall be the first 18-month period following the
     Distribution Date, and the "Remaining Term" shall be the 18-month period
     following the Initial Term.

2.   Once the Aetna Group and its Affiliates ceases the use of all Marks with
     respect to a particular product or service, the License shall terminate
     with respect to such product or service on the earlier of the expiry of
     the Term of the License or the day which is sixty (60) days after the date
     on which such use ceased.

3.   Spinco may terminate the License with respect to a particular product or
     service in the event of a material breach by any member of the Aetna Group
     or any other Affiliate of the Aetna Group that has not been cured within
     thirty (30) days (or sixty (60) days, if substantial progress is being
     made at the end of such thirty (30) day period) of written notice by
     Spinco.

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4.   The Trademark Licensing Agreement will terminate automatically in the
     event of a change of control of Aetna, sale of all or substantially all of
     the Aetna Business or the occurrence of an insolvency, bankruptcy or
     similar event with respect to Aetna. Such events or occurrences shall be
     defined according to customary practice for an agreement of this type. For
     the avoidance of doubt, an internal restructuring of the Aetna Group shall
     not constitute a change of control.

No Assignment, Sublicense or Transfer

The Trademark Licensing Agreement shall not be assigned, sublicensed or
transferred by either party, in whole or in part, to any third party (other
than any member of the Spinco Group or the Aetna Group), including, without
limitation, any bankruptcy trustee, by operation of law (other than in
connection with an internal restructuring of the Spinco Group or the Aetna
Group) or otherwise.

Quality Standards

1.   As a condition to the rights and the License granted by the Trademark
     Licensing Agreement, the Aetna Group and its Affiliates shall both use the
     Marks and operate the Aetna Business (i) at a level of quality at least as
     high as that established prior to the Distribution Date; and (ii) in
     compliance with all applicable laws and regulations.

2.   Aetna shall, upon reasonable request by Spinco, submit to Spinco materials
     bearing the Marks as Spinco may reasonably require to ensure Aetna and its
     Affiliates' compliance with the obligations set forth in the Trademark
     Licensing Agreement. In the event Spinco reasonably finds that such
     samples are of materially lesser quality than those generated prior to the
     Distribution Date, Aetna shall, upon notice from Spinco of the specific
     deviations, immediately take steps which are necessary to correct the
     deviation(s) of the respective items and to cure such deficiencies within
     30 days; provided, however, that in the event Spinco reasonably determines
     that the deviation(s) pose a threat to the validity of the Marks or to the
     goodwill associated therewith, Aetna shall, upon notice from Spinco,
     immediately cease and desist, and shall immediately direct its Affiliates
     and Representatives to cease and desist, all use of such non- conforming
     materials (and failure to do so shall be deemed to be a breach of the
     Trademark Licensing Agreement for purposes of the provision to be included
     therein entitling Spinco to injunctive relief). Upon execution of
     appropriate confidentiality agreements, Spinco shall have the right to
     inspect upon reasonable notice and during normal business hours, but no
     more than twice in any calendar year, any premises of the Aetna Group or
     its Affiliates where activities relating to the marketing and provision of

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     services bearing the Marks are conducted, in order to ensure the quality
     of such materials.

Use, Ownership and Protection of the Marks

1.   The Aetna Group and its Affiliates will use the Marks in accordance with
     all applicable laws and regulations and in accordance with sound trademark
     and trade name usage principles. The Aetna Group and its Affiliates shall
     not use the Marks in any manner that might tarnish, disparage or reflect
     adversely on Spinco or the Marks.

2.   Aetna will agree not to challenge the validity of Spinco's ownership of
     the Marks or contest the fact that Aetna's rights are only those of a non-
     exclusive licensee of the Marks.

3.   After the Term, the Aetna Group and its Affiliates will not use the Marks
     in any jurisdiction in connection with health care, financial services or
     otherwise.

4.   During the Term, Aetna will notify Spinco immediately of any conflicting
     uses, infringement or unfair competition arising in connection with the
     use of the Marks in the Aetna Business of which Aetna or any of its
     Affiliates has actual knowledge.

Representations and Warranties

Each party will represent and warrant that it is duly organized, and has the
requisite power and authority to enter into the Trademark Licensing Agreement.

Indemnification

1.   Aetna will indemnify and hold the Spinco Group harmless from and against
     any liability resulting from the marketing, offering, issuance or
     performance by any member of the Aetna Group or any of their Affiliates of
     any products or services bearing any Mark (including any Mark as a
     composite with another trademark) following the Distribution Date (other
     than third party infringement claims subject to 2. below).

2.   Spinco will indemnify and hold the Aetna Group and its Affiliates harmless
     from and against liability resulting from Spinco's failure to have or
     maintain valid rights in the Marks or any third party claim that the Marks
     infringe such third party's intellectual property rights; provided that
     Spinco will not indemnify the Aetna Group or its Affiliates for any
     liability arising or resulting from uses of the Marks in composite with
     another trademark.

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3.   The indemnities referred to in the preceding two paragraphs shall be in
     addition to and shall not supercede the indemnities set forth in Article 4
     of the Distribution Agreement, provided that if any member of either the
     Aetna Group or the Spinco Group determines that it is or may be entitled
     to indemnification pursuant to the Trademark Licensing Agreement, the
     procedures set forth in Sections 4.04 to 4.06 of the Distribution
     Agreement shall apply and, for this purpose, such person shall be referred
     to as the Indemnified Party and Aetna or Spinco, as the case may be, shall
     be referred to as the Indemnifying Party.

Governing Law

New York

Other Terms and Provisions

Aetna agrees that Spinco may be irreparably injured by a breach of the
Trademark Licensing Agreement and that, in such event, Spinco shall be entitled
to injunctive relief, in addition to any other legal or equitable remedy,
without the need to post any bond or to adduce further evidence of such
irreparable harm.

Other customary terms and conditions for an agreement of this type.

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                                                                     SCHEDULE 1

Please refer to Schedule D to the Distribution Agreement ("Spinco Intellectual
Property Rights"). The list of licensed marks will be derived, based on the
current use by the Aetna Business, from Schedule D.

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                                                                     SCHEDULE 2

The contracts relating to the sale of Aetna Services' property-casualty
operations to an affiliate of The Travelers Insurance Group Inc. on April 2,
1996.

The contracts relating to the sale of Aetna's domestic individual life
insurance business to Lincoln National Corporation on October 1, 1998.

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                                                                     SCHEDULE 3

Any Mark or Marks (as defined in the Trademark Licensing Agreement Term Sheet)
in combination with any one or more of the ING marks or categories of ING marks
set forth in 1 through 6 below, in each case in connection with any ING
financial services business or Aetna Business (as defined in the Distribution
Agreement):

1.   ING

2.   ING [Lion Design]

3.   ING Business Unit

4.   ING Division

5.   ING Legal Entity

6.   ING Product Name

Usage shall be subject to Spinco's approval of the format of any particular
usage, such consent not to be unreasonably withheld. Marks used in association
with any one or more ING marks may be larger than, equal to or smaller than
such ING mark or marks.

                                       8EXHIBIT 10.8

                                   TERM SHEET
                                      FOR
                          SOFTWARE LICENSING AGREEMENT

Parties

The parties to the Software Licensing Agreement shall be Spinco and Aetna.

Definitions

All capitalized terms used in this term sheet but not otherwise defined herein
shall have the meaning set forth in the Distribution Agreement, to which this
term sheet is an exhibit.

"Computer Software" shall mean the intellectual property set forth on Schedule
A to the Software Licensing Agreement (which shall include object code, source
code and all available documentation, execution and operating instructions).
Schedule A shall include proprietary Computer Software developed at Aetna or
Spinco or any of their respective Subsidiaries utilized in providing services
to the Aetna Group pursuant to the Ancillary Agreements.

Grant of License

Spinco will grant to Aetna a perpetual, royalty-free, non-exclusive, non-
transferable, irrevocable (except for Spinco's right to terminate in the event
of Aetna's breach, as described below) license to use, reproduce, display,
perform modify and create derivative works of the Computer Software, solely in
connection with the Aetna Business (the "License").

Ownership

Aetna shall own all modifications created by or for Aetna, subject to Spinco's
underlying rights.

Termination

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Spinco may terminate the License in the event of a material breach by Aetna
that has not been cured within thirty (30), or if substantial progress is being
made ninety (90), days of written notice by Spinco.

No Assignment, Sublicense or Transfer

The Software Licensing Agreement shall not be assigned, sublicensed or
transferred by either party, in whole or in part, to any third party,
including, without limitation, any bankruptcy trustee; provided that (i) Aetna
may sublicense its rights under the Software License Agreement to any Affiliate
of Aetna; and (ii) Aetna shall not be required to obtain consent of Spinco with
respect to a change of control of Aetna.

Obligations

Except as expressly set forth in the Transition Services Agreement, Spinco
shall have no obligation to modify, correct, or support in any way the Computer
Software.

Representations and Warranties

Each party will represent and warrant that it is duly organized, and has the
requisite power and authority to enter into the Software Licensing Agreement.

Spinco will represent and warrant that, to the best of its knowledge, as at the
date of the Software Licensing Agreement (i) it holds all right, title and
interest in and to all Computer Software, and (ii) the Computer Software does
not infringe the intellectual property rights of any third party.

The Computer Software will be licensed "as is" without warranty of any kind.
The entire risk of performance shall be borne by Aetna.

Indemnification

Aetna will indemnify and hold Spinco harmless from and against any liability
resulting from the use of the Computer Software, including any modifications or
derivative works thereof, following the Distribution Date.

The indemnity referred to in the preceding paragraph shall be in addition to and
shall not supercede the indemnities set forth in Article 4 of the Distribution
Agreement, provided that if Spinco determines that it is or may be entitled to
indemnification pursuant to the Software Licensing Agreement, the procedures set
forth in Sections 4.04 to 4.06 of the Distribution Agreement shall apply and,
for

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this purpose, Spinco shall be referred to as the Indemnified Party and Aetna
shall be referred to as the Indemnifying Party.

Governing Law

New York

Other Terms and Provisions

Other customary terms and conditions for an agreement of this type.

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