Document:

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                                                                  EXHIBIT 10.(m)

                               SERVICES AGREEMENT

      This Services Agreement ("Agreement") is made this 1st day of January,
2001, by and between Aetna Life Insurance and Annuity Company, an insurance
company organized and existing under the laws of the state of Connecticut and
the affiliated insurance companies specified in Exhibit B hereto.

                                    RECITALS

      WHEREAS, the parties are affiliates under the common control of ING Groep,
N.V.; and

      WHEREAS, each party possesses certain resources, including experienced
personnel, facilities and equipment, which enables it to provide certain
administrative, management, professional, advisory, consulting and other
services to the others ("Services"); and

      WHEREAS, each party desires from time to time to perform certain Services
on behalf of, and receive certain Services from, the others, as described with
particularity in Exhibit A attached hereto; and

      WHEREAS, each party contemplates that such an arrangement will achieve
operating economies, synergies and expense savings, and improve services to the
benefit of its policyholders or contractholders; and

      WHEREAS, the parties wish to identify the Services to be provided, to
provide a method for identifying the charges to be assessed and the compensation
to be paid for the Services, and to assure that all charges for the Services are
reasonable and in accordance with the laws and regulations of the states in
which each of them is domiciled;

      NOW, THEREFORE, in consideration of these premises and of the mutual
promises set forth herein, and intending to be legally bound hereby, the parties
agree as follows:

      1.    SERVICES.

            (a)   Subject to the terms, conditions, and limitations of this
Agreement, the party providing a service hereunder ("Service Provider") will
perform for the party requesting a service hereunder ("Company") such of the
Services described in Exhibit A, attached hereto and incorporated herein by this
reference, as the Company may from time to time request.

            (b)   The Service Provider shall employ all operating and management
personnel necessary to provide the Services required by this Agreement. The
Service Provider shall also maintain such facilities and equipment as it deems
reasonably necessary in order to provide the Services required by the Agreement.
Subject to the terms (including any limitations and restrictions) of any
applicable software or hardware licensing agreement then in effect between the
Service Provider and any licensor, the Service Provider shall, upon termination
of this

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Agreement, grant to the Company a perpetual license, without payment of any fee,
in any electronic data processing software developed or used by the Service
Provider in connection with the Services provided to the Company, if such
software is not commercially available and is necessary, in the Company's
reasonable judgment, for the Company to perform the functions provided by the
Service Provider hereunder after termination of this Agreement.

            (c)   The parties agree that all documents, reports, records, books,
files and other materials relative to the Services performed for the Company
under this Agreement shall be the sole property of the Company. The Service
Provider shall keep and maintain or cause to be kept and maintained full and
complete documentation and records related to the Services provided including
the accounting necessary to support charges for Services. The Service Provider
shall maintain custody of said documentation and records and shall make them
available to the Company and the appropriate insurance regulator of the Company
upon request.

      2.    CHARGES FOR SERVICES.

            (a)   It is the intention of the parties that the charges for the
Services provided under this Agreement be determined in accordance with fair and
reasonable standards and that no party realize a profit nor incur a loss as a
result of the Services rendered pursuant to this Agreement.

            (b)   The Company agrees to reimburse the Service Provider for all
direct costs incurred on behalf of the Company and for all indirect costs, which
may be charged to the Company as follows:

                  (i)   "Direct Costs" include costs incurred by the Service
Provider for Services provided directly to the Company, including but not
limited to: (a) All costs incident to any employee or employees who are employed
in rendering Services to the Company, such as salary, payroll taxes, and
benefits and (b) the cost of other reasonable and necessary business expenses
incurred by employees who are employed in rendering Services to the Company such
as training, travel and lodging. Direct Costs shall be charged in accordance
with reasonable functional cost studies and/or other information and
methodologies used by the Service Provider for internal cost distribution
including, where appropriate, an analysis of time spent by each employee
providing Services to the Company and/or the percentage of administrative
systems utilized. Data for this analysis will be collected through tracking of
unit costs of Services, through time studies conducted periodically, or through
other methods consistent with customary insurance accounting practices
consistently applied. Annually, the bases for determining direct costs shall be
modified and adjusted by mutual agreement of the Service Provider and the
Company, where necessary or appropriate, to fairly and equitably reflect the
actual cost incurred by the Service Provider on behalf of the Company.

            (ii)  "Indirect Costs" include all other costs incurred by the
Service Provider in rendering Services to the Company, including but not limited
to the cost of rent or depreciation of office space, utilities, office
equipment, and supplies utilized by employees who are employed in rendering
Services to the Company. Indirect costs shall be charged to the Company based on
the proportion of total direct costs chargeable to the Company under
subparagraph (i), herein. In other words, if the direct costs chargeable to the
Company represents 20% of the Service

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Provider's total direct costs, then 20% of the Service Provider's indirect costs
will be charged to the Company.

            (c)   The charges for Direct Costs and Indirect Costs referred to
above shall be made by the Service Provider on a monthly, quarterly or annual
basis as appropriate for the particular Service. Charges paid by any party to
the Service Provider may be net of charges for Direct and Indirect Costs charged
by such party as Service Provider to the other party.

            (d)   In the event the Service Provider or the Company should
discover upon review of its accounting by its internal auditors, independent
auditor, any state insurance department, or other regulatory agency, that an
amount charged for Services provided hereunder was erroneous, the party
discovering the error will give prompt notice of such error to the affected
party under this Agreement. Such notice shall contain a description of the
accounting error, corrective action and supporting documentation. Any amounts
owing, as a result of the correction shall be paid within sixty (60) days after
notice has been given.

            (e)   The Company stall have the right to inspect and audit, upon
reasonable notice to the Service Provider, all books and records of the Service
Provider related to the provision of the Services so as to verify the accuracy
of all expenses reimbursed under this Agreement.

      3.    TERM.

            This Agreement shall be effective on the first day of January, 2001,
and shall end on the 31st day of December, 2001. This Agreement shall be
automatically renewed on the first day of each calendar year thereafter for a
twelve-month period under the same terms and conditions, subject to the
provisions for termination set forth herein.

      4.    TERMINATION.

            This Agreement may be terminated by the Service Provider or by the
Company by providing thirty (30) days' written notice to that effect addressed
to the other party. Any Services provided following the date of termination
which, by their nature, continue after termination shall be provided under the
same terms and conditions which prevailed at the time of such notice.

      5.    STANDARD OF SERVICE.

            The Service Provider shall perform the Services in a competent and
professional manner according to standards agreed upon by the Service Provider
and the Company. The Service Provider agrees that it will exercise due diligence
to abide by and comply with all laws, statutes, rules, regulations, and orders
of any governmental authority in the performance of its Services under this
Agreement. The Service Provider will conduct its business and perform its
obligations in a manner which will not cause the possible revocation or
suspension of the Company's Certificate(s) of Authority or cause the Company to
sustain any fines, penalties, or other disciplinary action of any nature
whatsoever.

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      6.    LIMITATION OF AUTHORITY.

            The Company shall retain ultimate control and responsibility for all
Services that it has delegated to the Service Provider under this Agreement. In
no event shall the Services involve control of the management of the business
and affairs of the Company. The Service Provider shall provide Services
hereunder as an independent contractor, and shall act hereunder so as to assure
the separate operating identity of the Company. While rendering Services to the
Company pursuant to this Agreement, the Service Provider, its officers and
employees shall not at any time or for any purpose be considered agents of the
Company unless otherwise expressly agreed to by the parties. Under no
circumstances shall the Services provided pursuant to this Agreement be deemed
to be those of a third party administrator pursuant to any applicable state
statutes.

      7.    INDEMNIFICATION.

            (a)   The Company hereby agrees to indemnify, defend and hold
harmless the Service Provider, its officers, directors and employees, from and
against any and all claims, demands, losses, liabilities, actions, lawsuits and
other proceedings, judgements and awards, and costs and expenses (including
reasonable attorneys' fees), arising directly or indirectly, in whole or in part
out of any action taken by the Service Provider within the scope of its duties
or authority hereunder, excluding only such of the foregoing as result from the
negligence or willful acts or omissions of the Service Provider, its officers,
directors, agents and employees. The provisions of this section shall survive
termination of this Agreement.

            (b)   The Service Provider hereby agrees to indemnify, defend and
hold harmless the Company and its officers, directors and employees from and
against any and all claims, demands, losses, liabilities, action, lawsuits arid
other proceedings, judgments and awards, fines and penalties, and costs and
expenses (including reasonable attorneys' fees), arising directly or indirectly,
in whole or in part, out of the negligence or any willful act or omission of the
Service Provider or of any of its officers, directors, agents or employees, in
connection with this Agreement or the performance of the Service Provider's
Services hereunder, or out of any action taken by the Service Provider beyond
the scope of the Service Provider's duties or authority hereunder. The
provisions of this section shall survive termination of this Agreement.

      8.    NOTICES.

            All notices, requests, and communications required or permitted
under this Agreement shall be in writing and deemed given when addressed to the
applicable address set forth in Exhibit B attached hereto and (i) delivered by
hand to an officer of the other party, (ii) deposited with the U.S. Postal
Service, as first-class certified or registered mail, postage prepaid, or (iii)
deposited with an overnight courier. Any notice of a change of address shall be
given in the same manner.

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      9.    COOPERATION.

            Each party to this Agreement shall cooperate with the other party,
and with appropriate governmental authorities (including, without limitation,
the Securities and Exchange Commission, the National Association of Securities
Dealers and state insurance regulators) and shall permit such authorities
reasonable access to its books and records in connection with any investigation
or inquiry relating to this Agreement or the transactions contemplated hereby.

      10.   ARBITRATION.

            Any controversy or claim arising out of or relating to this
Agreement, or the breach thereof, shall be settled by arbitration in accordance
with the Rules of the American Arbitration Association, and judgment upon the
award maybe entered in any Court having jurisdiction thereof.

      11.   WAIVER.

            No waiver of any provision of this Agreement shall be deemed, or
shall constitute, waiver of any other provision, whether or not similar, nor
shall any waiver constitute a continuing waiver. No waiver shall be binding
unless executed in writing by the party making the waiver. Failure of any party
to exercise or delay in exercising any right or power granted under this
Agreement shall not operate as a waiver of any such right or power.

      12.   MISCELLANEOUS.

            This Agreement may not be assigned by either party without the prior
written consent of the other party. This Agreement constitutes the entire
agreement of the parties hereto. This Agreement may be amended only by a written
instrument executed by both parties. If any portion of this Agreement is invalid
under any applicable statute or rule of law, it shall not affect the remainder
of this Agreement which shal1 remain valid and binding. This Agreement shall be
binding on the parties, their legal representatives and successors. This
Agreement shall be construed in accordance with and governed by the laws of the
state in which the Services are provided, without regard to principles of
conflict of laws.

      13.   COUNTERPARTS.

            This Agreement may be executed in separate counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

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      IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date first above written.

                               AETNA LIFE INSURANCE AND ANNUITY COMPANY

                               By:      /s/ Deborah Koltenuk
                                       ---------------------------------------
                               Name:   Deborah Koltenuk
                               Title:  Vice President and Corporate Controller

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                                LIST OF EXHIBITS

A-1   Underwriting and New Business Processing Services

A-2   Licensing and Contracting Services

A-3   Policyowner and Claims Processing Services

A-4   Actuarial Services

A-5   Information Services

A-6   Legal, Risk Management and Compliance Services

A-7   Human Resource Services

A-8   Marketing and Sales Promotion Services

A-9   Tax Services

A-10  Reinsurance Management and Administration Services

A-11  Management Services

A-12  Printing, Record, File, Mail and Supply Services

A-13  Financial Management Services for Retail Products

A-14  Pricing, Trading, Performance Reporting and Accounting Services for
      Variable Products

B     Addresses for Notices

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                                   Exhibit A-1

                Underwriting and New Business Processing Services

Services related to underwriting and new business processes including, but not
limited to:

1.    Underwriting and risk consulting services.

2.    Analysis of underwriting standards.

3.    Assistance and advice in the development of appropriate underwriting
      standards in accordance with all laws and regulations of the Company's
      state.

4.    Perform underwriting in accordance with Company guidelines.

5.    Provide medical and/or technical support and advice to underwriting.

6.    Approve for issue all applications which meet underwriting criteria.

7.    Process all approved applications and issue and deliver policies to
      policyholders.

8.    Financial and other reporting in connection with underwriting and new
      business processing.

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                                   Exhibit A-2

                       Licensing and Contracting Services

Services related to producer licensing and contracting including, but not
limited to:

1.    Assist with pre-appointment investigations of producers.

2.    Administer producer licenses, contracts and producer compensation and
      maintain a computer database for license and contract status.

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                                   Exhibit A-3

                   Policyowner and Claims Processing Services

Services related to policyowner and claims processing including, but not limited
to:

      1.    Bill policyholders.

      2.    Collect premiums.

      3.    Respond to customer inquiries by phone or letter.

      4.    Administer policy changes.

      5.    Administration and support for claims.

      6.    Process claims and/or render legal, medical or technical support and
            advice relating to the processing, settlement and payment of claims.

      7.    Surrender, lapse and maturity processing.

      8.    Distribute benefits.

      9.    Financial and other reporting in connection with policyowner and
            processing services.

                                       10
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                                   Exhibit A-4

                               Actuarial Services

Actuarial related services including but not limited to:

      1.    Actuarial consulting services, including clerical, technical and
            product actuarial support and product development support.

      2.    Prepare actuarial reports, opinions and memoranda and assist with
            asset/liability management and cash flow testing.

      3.    Conduct product experience studies.

      4.    Prepare reserve calculations and valuations.

      5.    Develop new products.

      6.    Evaluate product performance versus expectations.

      7.    Financial and other reporting in connection with actuarial services.

                                       11
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                                   Exhibit A-5

                              Information Services

Services related to information management including, but not limited to:

      1.    Professional, technical, supervisory, programming and clerical
            support for information services.

      2.    Informational and computer services may be in the nature of
            applications and programming support, enhancing existing systems,
            helping to install new systems.

      3.    Develop data processing systems strategy.

      4.    Implement systems strategy.

      5.    Program computers.

      6.    Provide data center services, including maintenance and support of
            mainframe and distribution process hardware and software.

      7.    Standard systems for product administration, accounts payable,
            accounting and financial reporting, human resource management and
            inventory control.

      8.    Manage data and voice communications systems.

      9.    Manage local area networks and other desktop software and systems.

      10.   Provide data security and maintain effective disaster recovery
            program.

      11.   Purchase hardware, software and supplies.

Subject to the terms (including any limitations and restrictions) of any
applicable software or hardware licensing agreement then in effect between
Service Provider and any licensor, Service Provider shall, upon termination of
this Agreement, grant to Company a perpetual license, without payment of any
fee, in any electronic data processing software developed or used by the Service
Provider in connection with the Services provided to the Company hereunder if
such software is not commercially available and is necessary, in the Company's
reasonable judgment, for the Company to perform subsequent to termination the
functions provided by the Service Provider hereunder.

                                       12
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                                   Exhibit A-6

                 Legal, Risk Management and Compliance Services

Services related to legal, risk management and compliance including, but not
limited to:

      1.    Provide counsel, advice and assistance in any matter of law,
            corporate governance and governmental relations, including advisory
            and consulting services, in connection with the maintenance of
            corporate existence, licenses, dealing with regulatory agencies,
            development of products, contracts and legal documents, product
            approvals, registration and filing of insurance and securities
            products, handling of claims and matters involving legal
            controversy, assist with dispute resolution, select, retain and
            manage outside counsel and provide other legal services as
            reasonably required or requested.

      2.    Provide assistance in any matter relating to risk management,
            including procurement of fidelity bond insurance, blanket bonds,
            general liability insurance, property damage insurance, directors'
            and officers' liability insurance, workers compensation, and any
            other insurance purchased by the Company.

      3.    Assist in the development and maintenance of a corporate compliance
            program and a state insurance fraud reporting program. Assist in
            maintaining appropriate records and systems in connection with the
            Company's compliance obligations under application state law.

      4.    Provide assistance with internal audit including review of
            operational procedures, performance of compliance tests, and assist
            to independent auditors.

                                       13
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                                   Exhibit A-7

                             Human Resource Services

Services related to human resource management including, but not limited to:

      1.    Personnel recruiting and support services.

      2.    Design and implementation of human resources training.

      3.    Compensation studies and benefits consulting.

      4.    Support employee communications.

      5.    Payroll services.

      6.    Benefits compensation and design and administration.

      7.    Employee relations.

                                       14
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                                   Exhibit A-8

                     Marketing and Sales Promotion Services

Services related to marketing and sales promotion including, but not limited to:

      1.    Prepare sales promotional items, advertising materials and artwork,
            design, text and articles relevant to such work, including clerical,
            technical and supervisory support and related communications.

      2.    Support general communications with producers.

      3.    Conduct formal insurance market research.

      4.    Develop sales illustrations, advertising materials, and software for
            products, in compliance with state laws.

      5.    Design and implement training programs, including product and
            industry developments and legal compliance.

      6.    Distribute to employees and/or agents underwriting guidelines for
            the products, where applicable.

      7.    Analyze and develop compensation and benefit plans for general
            agents and agents.

      8.    Plan and support of producer conferences.

                                       15
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                                   Exhibit A-9

                                  Tax Services

Services related to tax including, but not limited to:

      1.    Maintenance of tax compliance, including tax return preparation and
            review of financial statement tax provisions.

      2.    Management of tax and audit appeals, including processing
            information requests, protest preparation, and participation in any
            appeals conference.

      3.    Direction of tax research and planning, including research of
            compliance issues for consistency, development of tax strategies and
            working with new legislative proposals.

      4.    Administration of tax liens, levies and garnishment of wages of
            Company employees and agents

                                       16
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                                  Exhibit A-10

               Reinsurance Management and Administration Services

Services related to reinsurance management and administration including, but not
limited to:

      1.    Advise with respect to reinsurance retention limits.

      2.    Advice and support with respect to negotiation of reinsurance
            treaties.

      3.    Advice and support with respect to the management of reinsurer
            relationships.

                                       17
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                                  Exhibit A-11

                               Management Services

Services related to general management including, but not limited to:

      1.    Consultative and advisory services to the Company's senior executive
            officers and staff with respect to conduct of the Company's business
            operations and the execution of directives and resolutions of the
            Company's Board of Directors pertaining to business operations and
            functions, including provision of personnel to serve as officers and
            directors of Company.

      2.    Consultation and participation in the Company's strategic planning
            process; the development of business goals, objectives and policies;
            the development of operational, administrative and quality programs;
            preparation of financial and other reports; and the coordination of
            such processes, goals, objectives, policies and programs with those
            of the holding company.

      3.    Advice and assistance with respect to maintenance of the Company's
            capital and surplus, the development and implementation of financing
            strategies and plans and the production of financial reports and
            records.

      4.    Representation of the Company's interests at government affairs and
            industry meetings; participation in the deliberation and affairs of
            trade associations and promotion of the Company's products and
            relationships with the public.

      5.    Consultative, advisory and administrative services to the Company's
            senior executive officers and staff in respect to development,
            implementation and administration of human resource programs and
            policies, the delivery of communications and information to
            employees regarding enterprise plans, objectives and results; and
            the maintenance of employee relations, morale and developmental
            opportunities.

      6.    Direction and performance of internal audits and arrangement for
            independent evaluation of business processes and internal control.

                                       18
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                                  Exhibit A-12

                Printing, Record, File, Mail and Supply Services

Services related to printing, records, files, mail and supplies including, but
not limited to:

      Printing, record, file, mail and supply services including, maintaining
      policy files; document control; production and distribution of standard
      forms, stationary, business cards and other material; arrangement of
      warehouse storage space; supply fulfillment; mail processing, delivery and
      shipping; participation in purchasing agreements; retrieval and production
      of documents for regulatory examinations and litigation; and development
      and administration of record retention programs.

                                       19
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                                  Exhibit A -13

Financial Management Services for Retail Products

Services related to accounting and finance for retail life and annuity products,
including but not limited to:

1.    Consultation, technical assistance and oversight in all matters relations
      to financial management and analysis for all retail life and annuity
      products.

2.    Coordination of product expense pricing reporting and analysis.

3.    Maintenance of financial controls with respect to the balancing and
      reconciliation of Administrative systems and general ledger suspense
      accounts.

4.    Treasury operations, including bank reconciliation and disbursement
      processing.

5.    Accounting and reporting for general and separate account products,
      including preparation of general ledgers, transaction ledgers and trial
      balances.

6.    Management reporting services, including coordination of the annual
      planning process and consolidation of monthly and quarterly results.

7.    Consultation and assistance in coordinating the external audit process.

8.    Provide support as necessary for the preparation of financial statements
      and reports, including monthly, quarterly and annual financial statements
      on both a statutory and GAAP basis.

9.    Maintenance of cost accounting reports and services in support of monthly
      management reporting, quarterly and annual external reporting, and
      budgeting.

                                       20
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                                  Exhibit A -14

                   Pricing, Trading, Performance Reporting and

                    Accounting Services for Variable Products

Services related to support of day to day pricing, trading, performance
reporting and accounting operations for variable products, including but not
limited to:

1.    PRICING. Collect pricing information (net asset value and ordinary
      income / capital gain distributions) from Investment Companies, and where
      applicable, calculate the variable account unit value. Provide pricing
      information to the applicable ING administrative systems / business units
      and external business partners; pricing calculations for insurance
      products shall be reported as required by the prospectus for each product.

2.    TRADING. Collect net trade data from ING administrative systems,
      consolidate to a legal entity level per investment option, and submit to
      Investment Companies; on a daily basis reconcile the shares / trade per
      ING to Investment Company; provide to ING Treasury wire data for the
      settlement of trades placed.

3.    ACCOUNTING. Post to ledger the entries supporting the trades and wires
      processed; entries will include any applicable Variable Annuity Account
      contract charges; daily reconcile entries posted to ledger / market value
      to Variable Annuity Account liability / reserve; provide Variable Annuity
      Account data for the Financials and Insurance Company Schedule D.

4.    INVESTMENT COMPANY REVENUE. Calculate asset based revenue / sub-accounting
      fees monthly and post accruals to the ledger; collect revenue from
      investment companies in a timely manner; reconcile amounts received to the
      estimated calculated, and book actual payments to ledger.

5.    PERFORMANCE REPORTING. Calculate product and investment option level
      returns in accordance with SEC and NASD guidelines; provide returns to ING
      applications, web sites, marketing, and field.

                                       21
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                       EXHIBIT B - ING AFFILIATE INSURERS

<Table>
<Caption>
             NAME                      DOMESTIC STATE               PRINCIPAL OFFICE             PRINCIPAL MAILING ADDRESS
------------------------------------  ----------------    -----------------------------------  --------------------------------
<S>                                     <C>                <C>                                  <C>
Security Life of Denver                 Colorado           1290 Broadway                        Same
Insurance Company                                          Denver, CO 80203

First Columbine Life Insurance          Colorado           1290 Broadway                        Same
Company                                                    Denver, CO 80203

Aetna Life Insurance and                Connecticut        151 Farmington Avenue                Same
Annuity Company                                            Hartford, CT 06156

Golden American Life Insurance          Delaware           1209 Orange Street                   1475 Dunwood Drive
Company                                                    Wilmington, DE 19801                 West Chester, PA 19380

Aetna Insurance Company of America      Florida            5100 West Lemon Street, Suite 213    151 Farmington Avenue
                                                           Tampa, FL 33609                      Hartford, CT 06156

Life Insurance Company of               Georgia            5780 Powers Ferry Road, N.W.         Same
Georgia                                                    Atlanta, GA 30327

Ameribest Life Insurance                Georgia            5780 Powers Ferry Road, N.W.         909 Locust Street
Company                                                    Atlanta, GA 30327                    Des Moines, IA 50309

Midwestern United Life                  Indiana            8605 Kings Mill Place                1290 Broadway
Insurance Company                                          Fort Wayne, IN 46804                 Denver, CO 80203-5699

Equitable Life Insurance                Iowa               909 Locust Street                    Same
Company of Iowa                                            Des Moines, IA 50309

ReliaStar Life Insurance                Minnesota          20 Washington Avenue South           Same
Company                                                    Minneapolis, MN 55401

Security Connecticut Life               Minnesota          20 Washington Avenue South           20 Security Drive
Insurance Company                                          Minneapolis, MN 55401                Avon, CT 06001

USG Annuity and Life Company            Oklahoma           c/o Horace Rhodes                    909 Locust Street
                                                           201 RS Kerr, Suite 600               Des Moines, IA 50309
                                                           Oklahoma City, OK 73102

Southland Life Insurance                Texas              c/o Horace Rhodes                    5780 Powers Ferry Road
Company                                                    201 RS Kerr, Suite 600               Atlanta, GA 30327
                                                           Oklahoma City, OK 73102

United Life and Annuity                 Texas              c/o CT Corp. System                  909 Locust Street
Insurance Company                                          350 North St. Paul Street            Des Moines, IA 50309
                                                           Dallas, TX 75201

Northern Life Insurance Company         Washington         1501 Fourth Ave., Suite 1000         Same
                                                           Seattle, WA 98101-3616
</Table>

                                       22<Page>

                                                                  EXHIBIT 10.(n)

                               SERVICES AGREEMENT

      This Services Agreement ("Agreement") is made this 1st day of January,
2001, by and between ING North America Insurance Corporation, Inc., a
corporation organized and existing under the laws of the state of Delaware (the
"Service Provider"), and Aetna Life Insurance and Annuity Company, an insurance
company organized existing under the laws of the state of Connecticut (referred
to herein as the "Company").

                                    RECITALS

      WHEREAS, the parties are affiliates under the common control of ING Groep,
N.V.; and

      WHEREAS, the Service Provider possesses certain resources, including
experienced personnel, facilities and equipment, which enables it to provide
certain administrative, management, professional, advisory, consulting and other
services to the others ("Services"); and

      WHEREAS, the Company desires to engage the Service Provider from time to
time to perform certain Services on behalf of as described with particularity in
Exhibit A attached hereto; and

      WHEREAS, the Company contemplates that such an arrangement will achieve
operating economies, synergies and expense savings, and improve services to the
benefit of its policyholders or contractholders; and

      WHEREAS, the parties wish to identify the Services to be provided, to
provide a method for identifying the charges to be assessed and the compensation
to be paid for the Services, and to assure that all charges for the Services are
reasonable and in accordance with the laws and regulations of the states in
which each of them is domiciled;

      NOW, THEREFORE' in consideration of these premises and of the mutual
promises set forth herein, and intending to be legally bound hereby, the parties
agree as follows:

      1.    SERVICES.

      (a)   Subject to the terms, conditions, and limitations of this Agreement,
the Service Provider providing will perform for the Company such of the Services
described in Exhibit A, attached hereto and incorporated herein by this
reference, as the Company may from time to time request.

      (b)   The Service Provider shall employ all operating and management
personnel necessary to provide the Services required by this Agreement. The
Service Provider shall also maintain such facilities and equipment as it deems
reasonably necessary in order to provide the Services required by the Agreement.
Subject to the terms (including any limitations and restrictions) of any
applicable software or hardware licensing agreement then in effect between the
Service Provider and any licensor, the Service Provider shall, upon termination
of this Agreement, grant

                                        1
<Page>

to the Company a perpetual license, without payment of any fee, in any
electronic data processing software developed or used by the Service Provider in
connection with the Services provided to the Company, if such software is not
commercially available and is necessary, in the Company's reasonable judgment,
for the Company to perform the functions provided by the Service Provider
hereunder after termination of this Agreement.

      (c)   The parties agree that all documents, reports, records, books, files
and other materials relative to the Services performed for the Company under
this Agreement shall be the sole property of the Company. The Service Provider
shall keep and maintain or cause to be kept and maintained full and complete
documentation and records related to the Services provided including the
accounting necessary to support charges for Services. The Service Provider shall
maintain custody of said documentation and records and shall make them available
to the Company and the appropriate insurance regulator of the Company upon
request.

      2.    CHARGES FOR SERVICES.

      (a)   It is the intention of the parties that the charges for the Services
provided under this Agreement be determined in accordance with fair and
reasonable standards and that no party realize a profit nor incur a loss as a
result of the Services rendered pursuant to this Agreement.

      (b)   The Company agrees to reimburse the Service Provider for all direct
costs incurred on behalf of the Company and for all indirect costs, which may be
charged to the Company as follows:

            (i)   "Direct Costs" include costs incurred by the Service Provider
for Services provided directly to the Company, including but not limited to: (a)
All costs incident to any employee or employees who are employed in rendering
Services to the Company, such as salary, payroll taxes, and benefits and (b) the
cost of other reasonable and necessary business expenses incurred by employees
who are employed in rendering Services to the Company such as training, travel
and lodging. Direct Costs shall be charged in accordance with reasonable
functional cost studies and/or other information and methodologies used by the
Service Provider for internal cost distribution including, where appropriate, an
analysis of time spent by each employee providing Services to the Company and/or
the percentage of administrative systems utilized. Data for this analysis will
be collected through tracking of unit costs of Services, through time studies
conducted periodically, or through other methods consistent with customary
insurance accounting practices consistently applied. Annually, the bases for
determining direct costs shall be modified and adjusted by mutual agreement of
the Service Provider and the Company, where necessary or appropriate, to fairly
and equitably reflect the actual cost incurred by the Service Provider on behalf
of the Company.

            (ii)  "Indirect Costs" include all other costs incurred by the
Service Provider in rendering Services to the Company, including but not limited
to the cost of rent or depreciation of office space, utilities, office
equipment, and supplies utilized by employees who are employed in rendering
Services to the Company. Indirect costs shall be charged to the Company based on
the proportion of total direct costs chargeable to the Company under
subparagraph (i), herein. In other words, if the direct costs chargeable to the
Company represents 20% of the Service

                                        2
<Page>

Provider's total direct costs, then 20% of the Service Provider's indirect costs
will be charged to the Company.

      (c)   The charges for Direct Costs and Indirect Costs referred to above
shall be made by the Service Provider on a monthly, quarterly or annual basis as
appropriate for the particular Service.

      (d)   In the event the Service Provider or the Company should discover
upon review of its accounting by its internal auditors, independent auditor, any
state insurance department, or other regulatory agency, that an amount charged
for Services provided hereunder was erroneous, the party discovering the error
will give prompt notice of such error to the affected party under this
Agreement. Such notice shall contain a description of the accounting error,
corrective action and supporting documentation. Any amounts owing, as a result
of the correction shall be paid within sixty (60) days after notice has been
given.

      (e)   The Company stall have the right to inspect and audit, upon
reasonable notice to the Service Provider, all books and records of the Service
Provider related to the provision of the Services so as to verify the accuracy
of all expenses reimbursed under this Agreement.

      3.    TERM.

      This Agreement shall be effective on the first day of January, 2001, and
shall end on the 31st day of December, 2001. This Agreement shall be
automatically renewed on the first day of each calendar year thereafter for a
twelve-month period under the same terms and conditions, subject to the
provisions for termination set forth herein.

      4.    TERMINATION.

      This Agreement may be terminated by the Service Provider or by the Company
by providing thirty (30) days' written notice to that effect addressed to the
other party. Any Services provided following the date of termination which, by
their nature, continue after termination shall be provided under the same terms
and conditions which prevailed at the time of such notice.

      5.    STANDARD OF SERVICE.

      The Service Provider shall perform the Services in a competent and
professional manner according to standards agreed upon by the Service Provider
and the Company. The Service Provider agrees that it will exercise due diligence
to abide by and comply with all laws, statutes, rules, regulations, and orders
of any governmental authority in the performance of its Services under this
Agreement. The Service Provider will conduct its business and perform its
obligations in a manner which will not cause the possible revocation or
suspension of the Company's Certificate(s) of Authority or cause the Company to
sustain any fines, penalties, or other disciplinary action of any nature
whatsoever.

                                        3
<Page>

      6.    LIMITATION OF AUTHORITY.

      The Company shall retain ultimate control and responsibility for all
Services that it has delegated to the Service Provider under this Agreement. In
no event shall the Services involve control of the management of the business
and affairs of the Company. The Service Provider shall provide Services
hereunder as an independent contractor, and shall act hereunder so as to assure
the separate operating identity of the Company. While rendering Services to the
Company pursuant to this Agreement, the Service Provider, its officers and
employees shall not at any time or for any purpose be considered agents of the
Company unless otherwise expressly agreed to by the parties. Under no
circumstances shall the Services provided pursuant to this Agreement be deemed
to be those of a third party administrator pursuant to any applicable state
statutes.

      7.    INDEMNIFICATION.

            (a)   The Company hereby agrees to indemnify, defend and hold
harmless the Service Provider, its officers, directors and employees, from and
against any and all claims, demands, losses, liabilities, actions, lawsuits and
other proceedings, judgements and awards, and costs and expenses (including
reasonable attorneys' fees), arising directly or indirectly, in whole or in part
out of any action taken by the Service Provider within the scope of its duties
or authority hereunder, excluding only such of the foregoing as result from the
negligence or willful acts or omissions of the Service Provider, its officers,
directors, agents and employees. The provisions of this section shall survive
termination of this Agreement.

            (b)   The Service Provider hereby agrees to indemnify, defend and
hold harmless the Company and its officers, directors and employees from and
against any and all claims, demands, losses, liabilities, action, lawsuits arid
other proceedings, judgments and awards, fines and penalties, and costs and
expenses (including reasonable attorneys' fees), arising directly or indirectly,
in whole or in part, out of the negligence or any willful act or omission of the
Service Provider or of any of its officers, directors, agents or employees, in
connection with this Agreement or the performance of the Service Provider's
Services hereunder, or out of any action taken by the Service Provider beyond
the scope of the Service Provider's duties or authority hereunder. The
provisions of this section shall survive termination of this Agreement.

      8.    NOTICES.

      All notices, requests, and communications required or permitted under this
Agreement shall be in writing and deemed given when addressed to the applicable
address set forth in Exhibit B attached hereto and (i) delivered by hand to an
officer of the other party, (ii) deposited with the U.S. Postal Service, as
first-class certified or registered mail, postage prepaid, or (iii) deposited
with an overnight courier. Any notice of a change of address shall be given in
the same manner.

      9.    COOPERATION.

      Each party to this Agreement shall cooperate with the other party, and
with appropriate governmental authorities (including, without limitation, the
Securities and Exchange Commission, the National Association of Securities
Dealers and state insurance regulators) and

                                        4
<Page>

shall permit such authorities reasonable access to its books and records in
connection with any investigation or inquiry relating to this Agreement or the
transactions contemplated hereby.

      10.   ARBITRATION.

      Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, shall be settled by arbitration in accordance with the Rules
of the American Arbitration Association, and judgment upon the award maybe
entered in any Court having jurisdiction thereof.

      11.   WAIVER.

      No waiver of any provision of this Agreement shall be deemed, or shall
constitute, waiver of any other provision, whether or not similar, nor shall any
waiver constitute a continuing waiver. No waiver shall be binding unless
executed in writing by the party making the waiver. Failure of any party to
exercise or delay in exercising any right or power granted under this Agreement
shall not operate as a waiver of any such right or power.

      12.   MISCELLANEOUS.

      This Agreement may not be assigned by either party without the prior
written consent of the other party. This Agreement constitutes the entire
agreement of the parties hereto. This Agreement may be amended only by a written
instrument executed by both parties. If any portion of this Agreement is invalid
under any applicable statute or rule of law, it shall not affect the remainder
of this Agreement which shal1 remain valid and binding. This Agreement shall be
binding on the parties, their legal representatives and successors. This
Agreement shall be construed in accordance with and governed by the laws of the
state of Georgia, the state in which the Services are provided, without regard
to principles of conflict of laws.

      13.   COUNTERPARTS.

      This Agreement may be executed in separate counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

                                        5
<Page>

      IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date first above written.

                             ING NORTH AMERICA INSURANCE CORPORATION, INC.

                             By:      /s/Robert C. Salipante
                                     -------------------------------------------
                             Name:    Robert C. Salipante
                                     -------------------------------------------
                             Title:   General Manager and CEO, US Retail
                                     -------------------------------------------
                                      Financial Services
                                     -------------------------------------------

                             AETNA LIFE INSURANCE AND ANNUITY COMPANY

                             By:      /s/Deborah Koltenuk
                                     -------------------------------------------
                             Name:    Deborah Koltenuk
                                     -------------------------------------------
                             Title:   Vice President and Corporate Controller
                                     -------------------------------------------

                                        6
<Page>

                                LIST OF EXHIBITS

A-1   Underwriting and New Business Processing Services

A-2   Licensing and Contracting Services

A-3   Policyowner and Claims Processing Services

A-4   Actuarial Services

A-5   Information Services

A-6   Legal, Risk Management and Compliance Services

A-7   Human Resource Services

A-8   Marketing and Sales Promotion Services

A-9   Tax Services

A-10  Reinsurance Management and Administration Services

A-11  Management Services

A-12  Printing, Record, File, Mail and Supply Services

A-13        Accounting, Finance and Treasury Services

B     Addresses for Notices

                                        7
<Page>

                                   Exhibit A-1

                Underwriting and New Business Processing Services

Services related to underwriting and new business processes including, but not
limited to:

1.    Underwriting and risk consulting services.

2.    Analysis of underwriting standards.

3.    Assistance and advice in the development of appropriate underwriting
      standards in accordance with all laws and regulations of the Company's
      state.

4.    Perform underwriting in accordance with Company guidelines.

5.    Provide medical and/or technical support and advice to underwriting.

6.    Approve for issue all applications which meet underwriting criteria.

7.    Process all approved applications and issue and deliver policies to
      policyholders.

8.    Financial and other reporting in connection with underwriting and new
      business processing.

                                        8
<Page>

                                   Exhibit A-2

                       Licensing and Contracting Services

Services related to producer licensing and contracting including, but not
limited to:

      1.    Assist with pre-appointment investigations of producers.

      2.    Administer producer licenses, contracts and producer compensation
            and maintain a computer database for license and contract status.

                                        9
<Page>

                                   Exhibit A-3

                   Policyowner and Claims Processing Services

Services related to policyowner and claims processing including, but not limited
to:

      1.    Bill policyholders.

      2.    Collect premiums.

      3.    Respond to customer inquiries by phone or letter.

      4.    Administer policy changes.

      5.    Administration and support for claims.

      6.    Process claims and/or render legal, medical or technical support and
            advice relating to the processing, settlement and payment of claims.

      7.    Surrender, lapse and maturity processing.

      8.    Distribute benefits.

      9.    Financial and other reporting in connection with policyowner and
            processing services.

                                       10
<Page>

                                   Exhibit A-4

                               Actuarial Services

Actuarial related services including but not limited to:

      1.    Actuarial consulting services, including clerical, technical and
            product actuarial support and product development support.

      2.    Prepare actuarial reports, opinions and memoranda and assist with
            asset/liability management and cash flow testing.

      3.    Conduct product experience studies.

      4.    Prepare reserve calculations and valuations.

      5.    Develop new products.

      6.    Evaluate product performance versus expectations.

      7.    Financial and other reporting in connection with actuarial services.

                                       11
<Page>

                                   Exhibit A-5

                              Information Services

Services related to information management including, but not limited to:

      1.    Professional, technical, supervisory, programming and clerical
            support for information services.

      2.    Informational and computer services may be in the nature of
            applications and programming support, enhancing existing systems,
            helping to install new systems.

      3.    Develop data processing systems strategy.

      4.    Implement systems strategy.

      5.    Program computers.

      6.    Provide data center services, including maintenance and support of
            mainframe and distribution process hardware and software.

      7.    Standard systems for product administration, accounts payable,
            accounting and financial reporting, human resource management and
            inventory control.

      8.    Manage data and voice communications systems.

      9.    Manage local area networks and other desktop software and systems.

      10.   Provide data security and maintain effective disaster recovery
            program.

      11.   Purchase hardware, software and supplies.

Subject to the terms (including any limitations and restrictions) of any
applicable software or hardware licensing agreement then in effect between
Service Provider and any licensor, Service Provider shall, upon termination of
this Agreement, grant to Company a perpetual license, without payment of any
fee, in any electronic data processing software developed or used by the Service
Provider in connection with the Services provided to the Company hereunder if
such software is not commercially available and is necessary, in the Company's
reasonable judgment, for the Company to perform subsequent to termination the
functions provided by the Service Provider hereunder.

                                       12
<Page>

                                   Exhibit A-6

                 Legal, Risk Management and Compliance Services

Services related to legal, risk management and compliance including, but not
limited to:

      1.    Provide counsel, advice and assistance in any matter of law,
            corporate governance and governmental relations, including advisory
            and consulting services, in connection with the maintenance of
            corporate existence, licenses, dealing with regulatory agencies,
            development of products, contracts and legal documents, product
            approvals, registration and filing of insurance and securities
            products, handling of claims and matters involving legal
            controversy, assist with dispute resolution, select, retain and
            manage outside counsel and provide other legal services as
            reasonably required or requested.

      2.    Provide assistance in any matter relating to risk management,
            including procurement of fidelity bond insurance, blanket bonds,
            general liability insurance, property damage insurance, directors'
            and officers' liability insurance, workers compensation, and any
            other insurance purchased by the Company.

      3.    Assist in the development and maintenance of a corporate compliance
            program and a state insurance fraud reporting program. Assist in
            maintaining appropriate records and systems in connection with the
            Company's compliance obligations under application state law.

      4.    Provide assistance with internal audit including review of
            operational procedures, performance of compliance tests, and assist
            to independent auditors.

                                       13
<Page>

                                   Exhibit A-7

                             Human Resource Services

Services related to human resource management including, but not limited to:

      1.    Personnel recruiting and support services.

      2.    Design and implementation of human resources training.

      3.    Compensation studies and benefits consulting.

      4.    Support employee communications.

      5.    Payroll services.

      6.    Benefits compensation and design and administration.

      7.    Employee relations.

                                       14
<Page>

                                   Exhibit A-8

                     Marketing and Sales Promotion Services

Services related to marketing and sales promotion including, but not limited to:

      1.    Prepare sales promotional items, advertising materials and artwork,
            design, text and articles relevant to such work, including clerical,
            technical and supervisory support and related communications.

      2.    Support general communications with producers.

      3.    Conduct formal insurance market research.

      4.    Develop sales illustrations, advertising materials, and software for
            products, in compliance with state laws.

      5.    Design and implement training programs, including product and
            industry developments and legal compliance.

      6.    Distribute to employees and/or agents underwriting guidelines for
            the products, where applicable.

      7.    Analyze and develop compensation and benefit plans for general
            agents and agents.

      8.    Plan and support of producer conferences.

                                       15
<Page>

                                   Exhibit A-9

                                  Tax Services

Services related to tax including, but not limited to:

      1.    Maintenance of tax compliance, including tax return preparation and
            review of financial statement tax provisions.

      2.    Management of tax and audit appeals, including processing
            information requests, protest preparation, and participation in any
            appeals conference.

      3.    Direction of tax research and planning, including research of
            compliance issues for consistency, development of tax strategies and
            working with new legislative proposals.

      4.    Administration of tax liens, levies and garnishment of wages of
            Company employees and agents

                                       16
<Page>

                                  Exhibit A-10

               Reinsurance Management and Administration Services

Services related to reinsurance management and administration including, but not
limited to:

      1.    Advise with respect to reinsurance retention limits.

      2.    Advice and support with respect to negotiation of reinsurance
            treaties.

      3.    Advice and support with respect to the management of reinsurer
            relationships.

                                       17
<Page>

                                  Exhibit A-11

                               Management Services

Services related to general management including, but not limited to:

      1.    Consultative and advisory services to the Company's senior executive
            officers and staff with respect to conduct of the Company's business
            operations and the execution of directives and resolutions of the
            Company's Board of Directors pertaining to business operations and
            functions, including provision of personnel to serve as officers and
            directors of Company.

      2.    Consultation and participation in the Company's strategic planning
            process; the development of business goals, objectives and policies;
            the development of operational, administrative and quality programs;
            preparation of financial and other reports; and the coordination of
            such processes, goals, objectives, policies and programs with those
            of the holding company.

      3.    Advice and assistance with respect to maintenance of the Company's
            capital and surplus, the development and implementation of financing
            strategies and plans and the production of financial reports and
            records.

      4.    Representation of the Company's interests at government affairs and
            industry meetings; participation in the deliberation and affairs of
            trade associations and promotion of the Company's products and
            relationships with the public.

      5.    Consultative, advisory and administrative services to the Company's
            senior executive officers and staff in respect to development,
            implementation and administration of human resource programs and
            policies, the delivery of communications and information to
            employees regarding enterprise plans, objectives and results; and
            the maintenance of employee relations, morale and developmental
            opportunities.

      6.    Direction and performance of internal audits and arrangement for
            independent evaluation of business processes and internal control.

                                       18
<Page>

                                  Exhibit A-12

                Printing, Record, File, Mail and Supply Services

Services related to printing, records, files, mail and supplies including, but
not limited to:

      Printing, record, file, mail and supply services including, maintaining
      policy files; document control; production and distribution of standard
      forms, stationary, business cards and other material; arrangement of
      warehouse storage space; supply fulfillment; mail processing, delivery and
      shipping; participation in purchasing agreements; retrieval and production
      of documents for regulatory examinations and litigation; and development
      and administration of record retention programs.

                                       19
<Page>

                                  Exhibit A-13

                    Accounting, Finance and Treasury Services

Services related to accounting, finance and treasury including, but not limited
to:

      1.    Accounts Payable: Making vendor payments, monitoring recurring
            payments, processing stop payments, preparation and filing sales and
            use tax reports and returns, responding to questions from vendors,
            processing travel and expense reports, maintaining check stock and
            providing copies of check images to the Companies.

      2.    Fixed Assets: Accounting for real estate transactions, maintaining
            the fixed asset records and processing payments for property taxes.

      3.    General Ledger: Processing journal entries, processing expense
            allocations, establishing and maintaining accounts and cost centers,
            processing intercompany transactions and processing the monthly
            closing.

      4.    Financial Reporting: Generating applicable monthly, quarterly and
            annual financial statements on statutory, US GAAP, tax and ING
            (Dutch) GAAP bases; monitoring changes to statutory, US GAAP, tax
            and ING GAAP accounting standards; corresponding and coordinating
            reporting to regulatory agencies; coordinating the external audit
            with the external auditors; coordinating external examinations with
            state insurance departments; preparing and filing RBC calculations,
            preparing and filing escheat reports, preparing and filing benefit
            plan reports, and preparing other required regulatory filings.

      5.    Treasury/Cash Management: Maintaining banking relationships,
            performing cash management procedures and short-term investment of
            cash balances, and processing of wire transfers.

      6.    Other: Preparing budget and planning reports for finance shared
            services, monitoring suspense account reports and other matters as
            requested by each Company.

                                       20
<Page>

                                    EXHIBIT B

                               Address for Notice

            ING North America Insurance Corporation, Inc.
            5780 Powers Ferry Road
            Atlanta, Georgia  30327

            Aetna Insurance Company of America
            151 Farmington Avenue
            Hartford, CT  06156

                                       21

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