Document:

<PAGE>

                                                                     Exhibit 4.9

                               CLOSING INSTRUMENT

     WHEREAS, the parties named herein desire to enter into certain program
documents contained herein, each such document dated as of this __ day of
__________, 200_ (the "Original Issue Date"), relating to the issuance by ING
USA Global Funding Trust [__________] (the "Trust") of Notes to investors under
the secured notes program of ING USA Annuity and Life Insurance Company ("ING
USA");

     WHEREAS, the Trust is a trust organized under, and its activities will be
governed by, the provisions of the Trust Agreement as set forth in the omnibus
instrument related to the Trust dated as of the date of the Pricing Supplement
(the "Omnibus Instrument");

     WHEREAS, certain licensing arrangements between the Trust and ING Groep
N.V. will be governed pursuant to the provisions of the License Agreement, as
set forth in the Omnibus Instrument;

     WHEREAS, the Notes will be issued pursuant to the Indenture, as set forth
in the Omnibus Instrument (the "Indenture");

     WHEREAS, the sale of the Notes will be governed by the Terms Agreement, as
set forth in the Omnibus Instrument;

     WHEREAS, certain custodial arrangements regarding the Funding Agreement
will be governed pursuant to the provisions of the Custodial Agreement dated as
of May 19, 2005 by and among U.S. Bank National Association, acting as custodian
(the "Custodian"), the Indenture Trustee and the Trustee, on behalf of the
Trust;

     WHEREAS, certain agreements relating to the Notes and the Funding Agreement
are set forth in the Coordination Agreement, as set forth in the Omnibus
Instrument.

     All capitalized terms used herein and not otherwise defined will have the
meanings set forth in the Indenture.

                  [Remainder of Page Intentionally Left Blank]

<PAGE>

                                     PART I
                            INSTRUCTIONS OF THE TRUST

     As of the Original Issue Date, the Trust herewith delivers to the Indenture
Trustee, or has caused to be delivered to the Indenture Trustee, the Notes
specified in the Pricing Supplement, having the initial principal amount as set
forth in the Pricing Supplement.

     As of the Original Issue Date, the Trust hereby instructs the Indenture
Trustee to take all actions required to be taken with respect to the Notes under
Section 2.05(e) of the Standard Indenture Terms.

     As of the Original Issue Date, ING USA and the Trust hereby direct the
Indenture Trustee to deposit the Net Proceeds to the Trust (as specified in the
Pricing Supplement) in respect of the Notes to:

Bank: Citibank, N.A.
Account: ING USA Annuity and Life Insurance Company
ABA #:
Account #:
Contract #: RMTN __

     As of the Original Issue Date, the agent(s) specified in the Pricing
Supplement hereby direct(s) the Indenture Trustee to deliver the Notes as
follows:

     [Insert delivery instructions]

                  [Remainder of Page Intentionally Left Blank]

                                       I-1

<PAGE>

                                     PART II
            ACKNOWLEDGMENT OF INDENTURE TRUSTEE CONCERNING THE NOTES

     The Indenture Trustee certifies, as of the Original Issue Date, the
     following:

     (a) The Indenture Trustee acknowledges receipt of the Notes; and

     (b) The Indenture Trustee (including in its capacity as Registrar) has
taken all action required to be taken with respect to the Notes under Section
2.05(e) of the Standard Indenture Terms.

                  [Remainder of Page Intentionally Left Blank]

                                      II-1

<PAGE>

                                    PART III
             CERTIFICATE REGARDING CUSTODY OF THE FUNDING AGREEMENT

     In connection with the issuance of the Funding Agreement and the Assignment
of Funding Agreement (set forth in Part IV of this Closing Instrument), the
Custodian hereby represents that it has received delivery of the Funding
Agreement and is holding the Funding Agreement for the benefit of the Indenture
Trustee and that the Funding Agreement is in the possession of the Custodian at
the address below:

     U.S. Bank National Association
     950 17th Street, Suite 300
     Denver, Colorado 80202

                  [Remainder of Page Intentionally Left Blank]

                                      III-1

<PAGE>

                                     PART IV
                         ASSIGNMENT OF FUNDING AGREEMENT

     Pursuant to the terms of the Indenture, the Trust hereby grants to the
Indenture Trustee, for the benefit of the Holders of the Notes, a first priority
perfected security interest in, and collaterally assigns to the Indenture
Trustee, for the benefit of the Holders of the Notes, the Trust's right, title,
benefits, remedies and interests in, to and under the Funding Agreement and the
other Collateral described in the Indenture and all of its rights and privileges
with respect to the Collateral and all income and profits thereon, and all
interest, dividends and other payments and distributions with respect thereto,
and all Proceeds of the foregoing.

     Each of the Trust, the Indenture Trustee and ING USA hereby agrees that, in
furtherance of the collateral assignment described above, until such time as the
Indenture Trustee notifies the Trust and ING USA that all obligations of the
Trust pursuant or related to the Notes have been paid or satisfied in full, the
Indenture Trustee shall have and may exercise the rights and remedies of an
Owner (as defined in the Funding Agreement) under the Funding Agreement.
Notwithstanding the foregoing (and whether or not the foregoing notification is
given) and Section 5 of the Funding Agreement (which ING USA acknowledges and
agrees has been complied with), all obligations, representations and warranties
of an Owner under the Funding Agreement shall nevertheless remain obligations,
representations and warranties of the Trust, as the case may be, and shall not
be obligations, representations or warranties of the Indenture Trustee. ING USA
and the Trust hereby agree that, until such time as the Indenture Trustee
notifies the Trust and ING USA that all obligations of the Trust pursuant to or
related to the Notes have been paid or satisfied in full, ING USA will comply
with instructions originated by the Indenture Trustee with respect to the
Funding Agreement without further consent by the Trust.

     ING USA hereby affirms that it has recorded the collateral assignment and
grant of the security interest on its books and records to reflect the same
described above. ING USA agrees that it will comply with all orders of the
Indenture Trustee with respect to the Funding Agreement without any further
consent of the Trust. ING USA hereby confirms that it has received all documents
and instruments which it requires pursuant to the terms of the Funding Agreement
in connection with the collateral assignment and grant of such security interest
and/or rights of the Indenture Trustee hereunder.

     ING USA hereby also represents that it has not received any notice of any
adverse claim to the Funding Agreement, other than the creation and perfection
of a security interest in the Funding Agreement, and the proceeds thereof as
described herein.

     The collateral assignment and grant of the security interest and this
instrument shall be governed by, and shall be construed and enforced in
accordance with, the laws of the State of New York, without regard to conflicts
of laws principles thereof, and shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective successors and assigns.

     This instrument may not be amended, modified or waived without the consent
of the Indenture Trustee, the Trust and ING USA.

     The Custodian hereby acknowledges the terms of this Assignment of Funding
Agreement.

                  [Remainder of Page Intentionally Left Blank]

                                      IV-1

<PAGE>

                                     PART V
                 ACKNOWLEDGEMENT OF FUNDING AGREEMENT ASSIGNMENT

     ING USA has issued the Funding Agreement to the Trust. By this instrument,
the receipt of which ING USA hereby acknowledges, the Trust has informed ING USA
that it has conveyed and assigned (for security purposes) all of its right,
title, benefits, remedies and interests in, to and under the Funding Agreement
to the Indenture Trustee pursuant to the Indenture.

     ING USA hereby consents to the aforementioned assignment of the Funding
Agreement with respect to the assignment thereof to the Indenture Trustee under
the Indenture. ING USA affirms that it has changed its books and records to
reflect such assignment and agrees to make payments in accordance with the terms
of the Funding Agreement to the Indenture Trustee. ING USA also agrees that all
of the covenants made in the Funding Agreement are also for the benefit of the
Indenture Trustee, and further agrees that ING USA shall deliver to the
Indenture Trustee duplicate original copies of all notices, statements,
communications and instruments delivered by ING USA to the Trust pursuant to the
Funding Agreement.

     ING USA agrees to execute and deliver to the Trust and the Indenture
Trustee such documents and take such other action as the Trust and the Indenture
Trustee may reasonably request in order to ensure that the consent granted by
ING USA pursuant to the preceding paragraph shall remain continuously effective
until the termination of the Funding Agreement. The consent contained in the
preceding paragraph is coupled with an interest and shall be irrevocable.

     This acknowledgment of collateral assignment and grant of security interest
and this instrument shall be governed by, and shall be construed and enforced in
accordance with, the laws of the State of New York, without regard to conflicts
of laws principles thereof, and shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective successors and assigns.

     This instrument may not be amended, modified or waived without the consent
of the Indenture Trustee, the Trust and ING USA.

     The Custodian hereby acknowledges the terms of this Acknowledgment of
Funding Agreement Assignment.

                  [Remainder of Page Intentionally Left Blank]

                                       V-1

<PAGE>

                                     PART VI
                           NOTICE OF SECURITY INTEREST

     Pursuant to the Indenture, the Trust has collaterally assigned the Funding
Agreement to the Indenture Trustee pursuant to the Indenture.

     Notice is hereby given that the Indenture Trustee, on behalf of the Holders
of the Notes, has a security interest in the Collateral, including, but not
limited to, any and all payments to be made by ING USA to the Trust pursuant to
the Funding Agreement. ING USA, by executing this instrument, hereby (x)
consents to the security interest granted by the Trust, to the Indenture Trustee
in the payments under the Funding Agreement, (y) agrees to make all payments due
under the Funding Agreement to the Collection Account or any other account
designated in writing to ING USA by the Indenture Trustee and (z) agrees to
comply with all orders of the Indenture Trustee with respect to the Funding
Agreement without any further consent from the Trust.

     This notice of security interest shall be governed by, and shall be
construed and enforced in accordance with, the laws of the State of New York,
without regard to conflicts of laws principles thereof, and shall be binding
upon, and shall inure to the benefit of, the parties hereto and their respective
successors and assigns.

     This instrument may not be amended, modified or waived without the consent
of the Indenture Trustee, the Trust and ING USA.

     The Custodian hereby acknowledges the terms of this Notice of Security
Interest.

                  [Remainder of Page Intentionally Left Blank]

                                      VI-1

<PAGE>

                                    PART VII
                          ING USA OFFICER'S CERTIFICATE

     The undersigned, an authorized officer of ING USA, does hereby certify to
each agent that is a party to the Terms Agreement (as defined in the Omnibus
Instrument) relating to the Notes, in such capacity and on behalf of ING USA,
pursuant to the Distribution Agreement, that:

     1. Since the respective dates as of which information is given in the
Institutional Prospectus (as defined in the Distribution Agreement), and as of
the date hereof, there has been no material adverse change in the condition,
financial or otherwise, or in the earnings, business affairs or business
prospects of ING USA and its subsidiaries considered as one enterprise, whether
or not arising in the ordinary course of business;

     2. The representations and warranties of ING USA contained in the
Distribution Agreement are true and correct with the same force and effect as
though expressly made at and as of the date hereof;

     3. ING USA has complied with all agreements and satisfied all conditions on
its part to be performed or satisfied at or prior to the date hereof;

     4. No stop order suspending the effectiveness of the Registration Statement
(as defined in the Distribution Agreement) has been issued and no proceedings
for that purpose have been instituted or are pending or, to the best of such
person's knowledge, are threatened by the Commission (as defined in the
Distribution Agreement); and

     5. Since the date of the Institutional Prospectus, there has occurred no
event required to be set forth in an amendment or supplement to the Registration
Statement or Institutional Prospectus, and there has been no document required
to be filed under the 1933 Act, the 1933 Act Regulations, the 1934 Act or the
1934 Act Regulations (all as defined in the Distribution Agreement) which, upon
filing, would be deemed to be incorporated by reference in the Institutional
Prospectus which has not been so filed.

                  [Remainder of Page Intentionally Left Blank]

                                      VII-1

<PAGE>

                                    PART VIII
                               TRUST CERTIFICATES

               TRUST CERTIFICATE UNDER THE DISTRIBUTION AGREEMENT

     The Trust does hereby certify to each Relevant Agent that is a party to the
Terms Agreement (as defined in the Omnibus Instrument) relating to the Notes, in
such capacity and on behalf of the Trust, pursuant to the Distribution Agreement
and Terms Agreement, as applicable, that:

     1. Since the respective dates as of which information is given in the
Institutional Prospectus (as defined in the Distribution Agreement), and as of
the date hereof, there has been no material adverse change in the condition,
financial or otherwise, or in the earnings, business affairs or business
prospects of the Trust, whether or not arising in the ordinary course of
business;

     2. The representations and warranties of the Trust contained in the
Distribution Agreement are true and correct with the same force and effect as
though expressly made at and as of the date hereof; and

     3. The Trust has complied with all agreements and satisfied all conditions
on its part to be performed or satisfied at or prior to the date hereof.

     4. It is expressly understood that: (i) this Certificate is executed by
U.S. Bank National Association, not in its individual capacity but solely as
Trustee of the Trust, in the exercise of the power and authority conferred and
vested in it as such Trustee and (ii) each of the representations made herein by
the Trustee are not personal representations, undertakings and agreements of
U.S. Bank National Association or its officers, but are binding solely on the
Trust.

                      TRUST CERTIFICATE UNDER THE INDENTURE

     The undersigned, a Responsible Officer of the Trustee, on behalf of the
Trust and pursuant to Section 1.02 of the Indenture, does hereby certify to the
Indenture Trustee as follows:

     1. I am familiar with the terms of the Indenture and have read the
covenants, conditions and definitions contained therein related to the issuance
and authentication of Notes;

     2. As to the matters set forth herein, I either have personal knowledge
thereof or have obtained knowledge thereof from officers or employees of ING
USA. In my opinion, I have made such examination and investigation as has been
necessary to enable me to express an informed opinion as to whether or not the
covenants or conditions contained in the Indenture have been complied with; and

     3. All conditions precedent provided for in the Indenture to the
authentication and delivery of the Notes have been complied with.

     It is expressly understood that: (i) this Certificate is executed by U.S.
Bank National Association, not in its individual capacity but solely as Trustee
of the Trust, in the exercise of the power and

                                     VIII-1

<PAGE>
authority conferred and vested in it as such Trustee and (ii) each of the
representations and certifications made herein by the Trustee are not personal
representations, certifications, undertakings or agreements of
U.S. Bank National Association or its officers, but are binding solely on the
Trust, and in no event shall U.S. Bank National Association or its officers have
any liability therefor.

                  [Remainder of Page Intentionally Left Blank]

<PAGE>

                                     PART IX
                              ING USA CERTIFICATION

     ING USA certifies, as of the Original Issue Date, that the ING USA
Officer's Certificate, a copy of which is attached as Exhibit A to this Closing
Instrument, is true and correct and remains in full force and effect.

                  [Remainder of Page Intentionally Left Blank]

                                      IX-1

<PAGE>

                                     PART X
                         INDENTURE TRUSTEE CERTIFICATION

     The Indenture Trustee certifies, as of the Original Issue Date, that the
Indenture Trustee Officer's Certificate, a copy of which is attached as Exhibit
B to this Closing Instrument, is true and correct and remains in full force and
effect.

                  [Remainder of Page Intentionally Left Blank]

                                       X-1

<PAGE>

                                     PART XI
                              TRUSTEE CERTIFICATION

     The Trustee certifies, as of the Original Issue Date, that the Trustee
Officer's Certificate, a copy of which is attached as Exhibit C to this Closing
Instrument, is true and correct and remains in full force and effect.

                  [Remainder of Page Intentionally Left Blank]

                                      XI-1

<PAGE>

                                    PART XII
                          RELEVANT AGENT CERTIFICATION

     On the date hereof, the Trust will issue Notes in accordance with the terms
of the Distribution Agreement. [The] [Each] Relevant Agent hereby certifies to
ING USA and the Trust as follows:

     (i) that such Relevant Agent has anti-money laundering policies and
procedures in place in accordance with the requirements imposed by the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), Pub. L, 107-56, 115 Stat.
280 (October 26, 2001), or any rules or regulations promulgated thereunder, and
the Foreign Assets Control Regulations issued by the Office of Foreign Assets
Control of the United States Department of Treasury (31 CFR Part 500), in each
case to the extent applicable to such Relevant Agent; and

     (ii) that such Relevant Agent has implemented an anti-money laundering
compliance program pursuant to NASD Rule 3011, to the extent applicable to such
Relevant Agent.

                  [Remainder of Page Intentionally Left Blank]

                                      XII-1

<PAGE>

                                    PART XIII
                                  CROSS-RECEIPT

     The Trust hereby acknowledges receipt of the Net Proceeds to the Trust (as
specified in the Pricing Supplement) from the Indenture Trustee and herewith
delivers to the Indenture Trustee, or has caused to be delivered to the
Indenture Trustee, the Notes, duly executed by the Trust pursuant to the
Indenture.

     The Trust hereby acknowledges receipt of funds for the Trust Beneficial
Interest from or at the direction of the Trust Beneficial Owner and has caused
to be registered in the name of the Trust Beneficial Owner the Trust Beneficial
Interest pursuant to the Trust Agreement.

     ING USA hereby acknowledges receipt of the Net Proceeds to the Trust and,
for purposes of the Funding Agreement, the receipt of the Net Proceeds to the
Trust shall be deemed to be received by ING USA in full payment of the Net
Deposit (as specified in the Funding Agreement). ING USA herewith delivers to
the Indenture Trustee, or has caused to be delivered to the Indenture Trustee,
the Funding Agreement, duly executed by ING USA.

     The Custodian, on behalf of the Indenture Trustee, hereby acknowledges
receipt from ING USA of the Funding Agreement.

     The Trust Beneficial Owner hereby acknowledges ownership of the Trust
Beneficial Interest.

     Each Relevant Agent hereby acknowledges receipt of the Notes.

     The Indenture Trustee hereby acknowledges the terms of this Cross-Receipt.

                  [Remainder of Page Intentionally Left Blank]

                                     XIII-1

<PAGE>

                                    PART XIV
                        MISCELLANEOUS AND EXECUTION PAGES

     This Closing Instrument may be executed by each of the parties hereto in
any number of counterparts, and by each of the parties hereto on separate
counterparts, each of which counterparts, when so executed and delivered, shall
be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument.

     Each signatory, by its execution hereof, does hereby become a party to each
of the agreements or instruments identified for such party as of the Original
Issue Date.

     IN WITNESS WHEREOF, the undersigned have executed this Closing Instrument,
dated as of the Original Issue Date.

                                        By: ING USA ANNUITY AND LIFE INSURANCE
                                            COMPANY (in executing below agrees
                                            and becomes a party to (i) the
                                            Instructions of the Trust set forth
                                            in Part I herein, (ii) the
                                            Assignment of Funding Agreement set
                                            forth in Part IV herein, (iii) the
                                            Acknowledgement of Funding Agreement
                                            Assignment set forth in Part V
                                            herein, (iv) the Notice of Security
                                            Interest set forth in Part VI
                                            herein, (v) the ING USA
                                            Certification set forth in Part IX
                                            herein and (vi) the Cross-Receipt
                                            set forth in Part XIII herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By: [Name], in his/her capacity as an
                                            authorized officer of ING USA (in
                                            executing below agrees and becomes a
                                            party to the ING USA Officer's
                                            Certificate set forth in Part VII
                                            herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                  [Execution Page 1 of the Closing Instrument]

<PAGE>

                                        By: THE ING USA GLOBAL FUNDING TRUST
                                            DESIGNATED IN THIS CLOSING
                                            INSTRUMENT (in executing below
                                            agrees and becomes party to (i) the
                                            Instructions of the Trust set forth
                                            in Part I herein, (ii) the
                                            Assignment of Funding Agreement set
                                            forth in Part IV herein, (iii) the
                                            Acknowledgement of Funding Agreement
                                            Assignment set forth in Part V
                                            herein, (iv) the Notice of Security
                                            Interest set forth in Part VI
                                            herein, (v) the Trust Certificates
                                            set forth in Part VIII herein and
                                            (vi) the Cross-Receipt set forth in
                                            Part XIII herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By: CITIBANK, N.A., in its capacity as
                                            Indenture Trustee, Registrar,
                                            Transfer Agent, Paying Agent and
                                            Calculation Agent (in executing
                                            below agrees and becomes party to
                                            (i) the Instructions of the Trust
                                            set forth in Part I herein, (ii) the
                                            Acknowledgement of Indenture Trustee
                                            Concerning the Notes set forth in
                                            Part II herein, (iii) the Assignment
                                            of Funding Agreement set forth in
                                            Part IV herein, (iv) the
                                            Acknowledgement of Funding Agreement
                                            Assignment set forth in Part V
                                            herein, (v) the Notice of Security
                                            Interest set forth in Part VI
                                            herein, (vi) the Indenture Trustee
                                            Certification set forth in Part X
                                            herein and (vii) the Cross-Receipt
                                            set forth in Part XIII herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                  [Execution Page 2 of the Closing Instrument]

<PAGE>

                                        By: U.S. BANK NATIONAL ASSOCIATION, in
                                            its capacity as Trustee (in
                                            executing below agrees and becomes a
                                            party to the Trustee Certification
                                            set forth in Part XI herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By: U.S. BANK NATIONAL ASSOCIATION, in
                                            its capacity as Custodian (in
                                            executing below agrees and becomes a
                                            party to (i) the Certificate
                                            Regarding Custody of the Funding
                                            Agreement set forth in Part III
                                            herein, (ii) the Assignment of
                                            Funding Agreement set forth in Part
                                            IV herein, (iii) the Acknowledgment
                                            of Funding Agreement Assignment set
                                            forth in Part V herein, (iv) the
                                            Notice of Security Interest set
                                            forth in Part VI herein and (v) the
                                            Cross-Receipt set forth in Part XIII
                                            herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By: GSS HOLDINGS II, INC., in its
                                            capacity as Trust Beneficial Owner
                                            (in executing below agrees and
                                            becomes a party to the Cross-Receipt
                                            set forth in Part XIII herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                  [Execution Page 3 of the Closing Instrument]

<PAGE>

                                        By: [MERRILL LYNCH, PIERCE, FENNER &
                                            SMITH INCORPORATED] (in executing
                                            below agrees and becomes a party to
                                            (i) the Instructions of the Trust
                                            set forth in Part I herein, (ii) the
                                            Relevant Agent Certification set
                                            forth in Part XII herein and (iii)
                                            the Cross-Receipt set forth in Part
                                            XIII herein)

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                  [Execution Page 4 of the Closing Instrument]

<PAGE>

                                    EXHIBIT A

                          ING USA OFFICER'S CERTIFICATE

     I, [Name], an officer of ING USA Annuity and Life Insurance Company, an
insurance company organized under the laws of Iowa ("ING USA"), being fully
aware of the by-laws (the "By-Laws") and resolutions of ING USA, hereby certify
on behalf of ING USA that:

1.   Attached hereto as Annex I is a true, correct and complete copy of the
     Articles of Incorporation and, as Annex II, is a true, correct and complete
     copy of the By-Laws of ING USA, together with all amendments thereto, if
     any, as in full force from the date thereof through to the Original Issue
     Date.

2.   Attached hereto as Annex III are true, correct and complete copies of the
     resolutions duly adopted by the Board of Directors of ING USA at a meeting
     duly called and held on September 24, 2004, which resolutions are relevant
     to the Program, including the issuance of the Notes, and such resolutions
     have not been amended, modified or rescinded and remain in full force and
     effect; and such resolutions are the only resolutions adopted by ING USA
     relating to the Program and the Notes.

3.   Attached hereto as Annex IV is a list of each of the duly elected officers
     of ING USA holding on the Original Issue Date the office or offices set
     forth opposite his or her name authorized on behalf of ING USA (i) to
     execute (manually or by facsimile) all agreements, documents, notices,
     acknowledgements and certificates to which ING USA is a party or which ING
     USA is required to deliver in connection with the establishement of the
     Program and the subsequent issuance of the Notes and (ii) to take any other
     action on behalf of ING USA in relation to the above issue; and such
     signatures set forth therein are the true signatures of such persons.

     All capitalized terms used and not defined herein shall have the meanings
assigned to those terms in the Indenture.

                                        By: [Name], in [his/her] capacity as an
                                            officer of ING USA Annuity and Life
                                            Insurance Company

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       A-1

<PAGE>

                                    EXHIBIT B

                     INDENTURE TRUSTEE OFFICER'S CERTIFICATE

     I, [Name], an officer of Citibank, N.A., as indenture trustee (the
"Indenture Trustee"), hereby certify that:

     1.   The Indenture entered into as of the Original Issue Date by and
          between the Trust and the Indenture Trustee has been duly executed and
          delivered in the name and on behalf of the Indenture Trustee by one of
          its authorized officers.

     2.   Each of the persons named on Annex I hereto has been duly elected or
          appointed and is duly qualified as an officer of the Indenture Trustee
          on the Original Issue Date, holding the office or offices set forth
          opposite his or her name, and the signature set forth opposite his or
          her name is a specimen of his or her genuine signature.

     3.   Attached hereto as Annex II is a true, correct and complete copy of
          the By-laws of the Indenture Trustee as in effect on the Original
          Issue Date.

     4.   The Notes issued by the Trust have been duly authenticated by the
          Indenture Trustee.

                                        By: [Name], in [his/her] capacity as an
                                            officer of Citibank, N.A.,
                                            as indenture trustee

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       B-1

<PAGE>

                                    EXHIBIT C

                          TRUSTEE OFFICER'S CERTIFICATE

     I, [Name], an officer of U.S. Bank National Association, as trustee (the
"Trustee"), hereby certify that:

     1.   Each of the persons named on Annex I hereto has been duly elected or
          appointed and is duly qualified as an officer of the Trustee on the
          Original Issue Date, holding the office or offices set forth opposite
          his or her name, and the signature set forth opposite his or her name
          is a specimen of his or her genuine signature.

     2.   Attached hereto as Annex II is a true, correct and complete copy of
          the By-laws of the Trustee as in effect on the Original Issue Date.

                                        By: [Name], in [his/her] capacity as
                                            an officer of U.S. Bank National
                                            Association, as trustee

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       C-1<PAGE>
                                                                    EXHIBIT 10.2

                         EXPENSE AND INDEMNITY AGREEMENT

         This Expense and Indemnity Agreement (this "Agreement") is entered into
as of [o], 2006, by and between ING USA Annuity and Life Insurance Company, an
Iowa insurance company ("ING USA"), and Citibank, N.A., as indenture trustee,
registrar, transfer agent, paying agent and calculation agent ("Citibank").

         WHEREAS, in consideration of Citibank providing services to each Trust
created in connection with the Program and pursuant to the Program Documents
under which Citibank will have certain duties and obligations, ING USA hereby
agrees to the following compensation arrangements and terms of indemnity.

         NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

                                    ARTICLE I
                                   DEFINITIONS

         Section 1.01. Definitions. All capitalized terms not otherwise defined
herein will have the meanings set forth in the Standard Indenture Terms attached
as Exhibit 4.1 to Registration Statement on Form S-3 (File No. 333-123457) filed
with the Securities and Exchange Commission (the "Commission") by ING USA on
March 18, 2005, as amended by Amendment No. 1 filed with the Commission on April
22, 2005, Amendment No. 2 filed with the Commission on May 17, 2005, Post
Effective Amendment No. 1 filed with the Commission on June 16, 2006 and Post
Effective Amendment No. 2 to be filed with the Commission on September 8, 2006.
The following terms, as used herein, have the following meanings:

         "Excluded Amounts" means (i) any obligation of any Trust to make any
payment to any Holder in accordance with the terms of the applicable Indenture
or such Trust's Notes, (ii) any obligation or expense of any Trust to the extent
that such obligation or expense has actually been paid utilizing funds available
to such Trust from payments under the applicable Funding Agreement, (iii) any
cost, loss, damage, claim, action, suit, expense, disbursement, tax, penalty or
liability of any kind or nature whatsoever resulting from or relating to any
insurance regulatory or other governmental authority asserting that: (a) any
Trust's Notes are, or are deemed to be, (1) participations in the applicable
Funding Agreement or (2) contracts of insurance, or (b) the offer, purchase,
sale and/or transfer of any Trust's Notes and/or the pledge and collateral
assignment of the applicable Funding Agreement by any Trust to Citibank on
behalf of the Holders of such Trust's Notes (1) constitutes the conduct of the
business of insurance or reinsurance in any jurisdiction or (2) requires such
Trust or any Holder of such Trust's Notes to be licensed as an insurer,
insurance agent or broker in any jurisdiction, (iv) any cost, loss, damage,
claim, action, suit, expense, disbursement, tax, penalty or liability of any
kind or nature whatsoever imposed on Citibank that results from the bad faith,
willful misconduct or negligence of Citibank, (v) any costs and expenses
attributable solely to Citibank's administrative overhead unrelated to the
Program, (vi) any tax imposed on fees paid to Citibank,

                                       1
<PAGE>

(vii) any withholding taxes imposed on or with respect of payments made under
the applicable Funding Agreement, the applicable Indenture or a Trust's Note and
(viii) any Additional Amounts paid to any Holder.

         "Fees" means the fees agreed to between ING USA and Citibank as set
forth in the fee schedule attached as Exhibit A to this Agreement, as such
Exhibit may be revised from time to time in accordance herewith.

         "Obligation" means any and all (i) costs and expenses reasonably
incurred (including the reasonable fees and expenses of counsel) relating to the
offering, sale and issuance of the Notes by each Trust under the Program, (ii)
costs and expenses reasonably incurred (including the reasonable fees and
expenses of counsel) in connection with the administration of the applicable
Indenture and any of the other Program Documents and (iii) costs, expenses and
taxes of each Trust; provided, however, that Obligations do not include Excluded
Amounts.

                                   ARTICLE II
                                SERVICES AND FEES

         Section 2.01 Fees. ING USA hereby agrees to pay Citibank its Fees
promptly after delivery of Citibank's invoice thereof. Such Fees may be subject
to amendment, including in the event of a substantive change in the nature of
Citibank's duties under the Program, as may be agreed to in writing from time to
time by Citibank and ING USA.

         Section 2.02 Payment of Obligations.

         (a) In the event that Citibank delivers written notice and evidence,
reasonably satisfactory to ING USA, of any Obligation incurred by Citibank, ING
USA shall, upon receipt of such notice, promptly pay such Obligation. Notice of
any Obligation (including any invoices) should be sent to ING USA at its address
set forth in Section 4.04, or at such other address as ING USA shall hereafter
furnish to Citibank in writing.

         (b) At the written request and expense of ING USA, Citibank will (i)
from time to time execute all such instruments and other agreements and take all
such other actions as may be reasonably necessary or desirable, or that ING USA
may otherwise reasonably request in writing, to protect any interest of ING USA
with respect to any Obligation or to enable ING USA to exercise or enforce any
right, interest or remedy it may have with respect to any such Obligation and
(ii) release to ING USA any amount received from a party other than ING USA in
connection with any Obligation or any portion thereof, promptly after any such
amount is received by Citibank.

         (c) ING USA and Citibank hereby agree that all payments due under this
Agreement in respect of any Obligation shall be effected, and any responsibility
of ING USA to pay such Obligation pursuant to this Agreement shall be
discharged, by the payment by ING USA to the account of the person to whom such
Obligation is owed. For the avoidance of doubt, amounts due hereunder from ING
USA to Citibank are not subject to the cap set forth in Section 6.06 of the
Indenture.

                                       2
<PAGE>

                                   ARTICLE III
                                 INDEMNIFICATION

         Section 3.01 Indemnification. Subject to the remaining sections of this
Article III, ING USA covenants to fully indemnify and defend Citibank and its
executive officers, directors and agents (each, an "Indemnified Person") for,
and to hold it harmless against, any and all loss, liability, claim, damage or
reasonable expense (including the reasonable compensation, expenses and
disbursements of its counsel) arising out of the acceptance or administration by
Citibank, in its capacity as Indenture Trustee or as an Agent, of the applicable
Indenture or any Trust under the applicable Indenture or the Program Documents
and/or the performance of its duties and/or the exercise of its respective
rights under the applicable Indenture or Program Documents, including the
reasonable costs and expenses of defending itself against or investigating any
claim of liability in the premises, except to the extent such loss, liability,
claim, damage or expense arises out of or is related to the bad faith, willful
misconduct or negligence of Citibank. Notwithstanding anything to the contrary,
ING USA shall have no obligation to indemnify or defend Citibank for any loss,
liability, claim, damage or expense relating to (i) any costs and expenses
attributable solely to Citibank's administrative overhead unrelated to the
Program or (ii) any tax imposed on the Fees paid to Citibank.

         Section 3.02 Proceedings. An Indemnified Person shall give prompt
written notice to ING USA of any action, suit or proceeding commenced or
threatened against the Indemnified Person. In case any such action, suit or
proceeding shall be brought involving an Indemnified Person, ING USA may, in its
sole discretion, elect to assume the defense of the Indemnified Person, and, if
it so elects, ING USA shall, in consultation with such Indemnified Person,
select counsel, reasonably acceptable to the Indemnified Person, to represent
the Indemnified Person and pay the reasonable fees and expenses of such counsel.
In any such action, investigation or proceeding, the Indemnified Person shall
have the right to retain its own counsel but ING USA shall not be obligated to
pay the fees and disbursements of such counsel unless (i) ING USA and the
Indemnified Person shall have mutually agreed in writing to the retention of
such counsel, (ii) the named parties to any such action, investigation or
proceeding (including any impleaded parties) include both ING USA and the
Indemnified Person and the Indemnified Person shall have reasonably and in good
faith concluded that representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between them, or
(iii) ING USA fails, within ten (10) days prior to the date the first response
or appearance is required to be made in any such proceeding, to assume the
defense of such proceeding with counsel reasonably satisfactory to the
Indemnified Person; provided, that ING USA has received, from the Indemnified
Person, written notice of such action, investigation or proceeding at least
sixty (60) days prior to the date the first response or appearance is required
to be made. It is understood that ING USA shall not, in connection with any
proceeding or related proceeding in the same jurisdiction, be liable for the
fees and expenses of more than one separate firm (in addition to any local
counsel) for all Indemnified Persons.

         Section 3.03 Contribution. Solely to the extent, if any, that the
indemnification provided for herein is finally determined by a court of
competent jurisdiction to be invalid or unenforceable, in whole or in part, in
accordance with its terms, then ING USA shall contribute to the amount paid or
payable by an Indemnified Person as a result of such invalidity or
unenforceability in such proportion as is appropriate to reflect the relative
benefits received by ING USA, on one hand, and Citibank, on the other hand, from
the transactions contemplated by

                                       3
<PAGE>

the Program Documents. For this purpose, the benefits received by ING USA shall
be the aggregate value of the relevant Collateral, and the benefits received by
Citibank shall be the Fees it has been paid up to that point, less costs and
unreimbursed expenses incurred by it, as the Indenture Trustee, in relation to
such Collateral. If, however, the allocation provided by the immediately
preceding two sentences is not permitted by applicable law, then ING USA shall
contribute to such amount paid or payable by the Indemnified Person in such
proportion as is appropriate to reflect not only such relative benefits but also
the relative fault of ING USA, on the one hand, and Citibank (but solely to the
extent such fault results from or is attributable to Citibank's bad faith,
willful misconduct or negligence), on the other hand, in connection with the
actions or omissions which resulted in such liability.

         Section 3.04 Subrogation. ING USA shall be subrogated to any right of
the Indemnified Person in respect of the matter as to which and to the extent
that any indemnity was paid hereunder.

         Section 3.05 Settlement. The Indemnified Person may not settle any
action, investigation or proceeding without the consent of ING USA, not to be
unreasonably withheld.

         Section 3.06 Survival. Notwithstanding any provision contained herein
to the contrary, the obligations of ING USA under this Article III to any
Indemnified Person shall survive the termination of this Agreement and the
discharge of the applicable Indenture.

         Section 3.07 General. The indemnification provided for herein
supercedes in all respects any indemnification obligation of ING USA contained
in any other Program Document to which the Indenture Trustee and ING USA are or
become parties.

                                   ARTICLE IV
                                  MISCELLANEOUS

         Section 4.01 Waiver. No waiver, modification or amendment of this
Agreement shall be valid unless executed in writing by the parties hereto.

         Section 4.02 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to conflicts of laws principles.

         Section 4.03 Termination. This Agreement shall terminate and be of no
further force and effect upon the date on which (i) there are no Fees and there
is no Obligation (other than any Obligation directly related to the
indemnification obligations of ING USA set forth in Article III hereof) due and
payable under this Agreement and (ii) each Program Document has terminated;
provided, however, that this Agreement shall continue to be effective or shall
be reinstated, as the case may be, if at any time Citibank must restore payment
of any sums paid under any Obligation or under this Agreement for any reason
whatsoever. This Agreement is continuing, irrevocable, unconditional and
absolute.

         Section 4.04 Notices. All notices, demands, instructions and other
communications required or permitted to be given to or made upon either party
hereto shall be in writing (including by facsimile transmission) and shall be
hand delivered or sent by guaranteed

                                       4
<PAGE>

overnight delivery or by facsimile transmission (to be followed by hand or
guaranteed overnight delivery) and shall be deemed to be given for purposes of
this Agreement on the day that such writing is received by the intended
recipient thereof in accordance with the provisions of this Section 4.04. Unless
otherwise specified in a notice sent or delivered in accordance with the
foregoing provisions of this Section 4.04, notices, demands, instructions and
other communications in writing shall be given to or made upon the respective
parties thereto at their respective addresses (or their respective facsimile
numbers) indicated below:

         To Citibank:

         Citibank, N.A.
         Agency & Trust
         388 Greenwich Street, 14th Floor
         New York, New York 10013
         Attention: Agency & Trust, ING USA Global Funding Trust
         Telephone: (212) 816-5685
         Facsimile: (212) 816-5527

         To ING USA:

         ING USA Annuity and Life Insurance Company
         c/o ING Institutional Markets
         1290 Broadway
         Denver, CO 80203-5699
         Attention: Karen Czizik, Vice President
         Telephone: (303) 860-2322
         Facsimile: (303) 813-2322 and (303) 860-2690

         with a copy to:

         ING Institutional Markets
         1290 Broadway
         Denver, CO 80203-5699
         Attention: Barbara MacLean
         Telephone: (303) 894-5047
         Facsimile: (303) 813-5047 and (303) 860-2690

     Section 4.05 Certificates and Reports. Citibank will provide ING USA with
the reports and certificates described in the Letter Agreement Regarding
Servicing Criteria to be Addressed in Report on Assessment of Compliance, dated
as of June 16, 2006, signed by Citibank, N.A. and acknowledged and agreed to by
ING USA (the "Reports") in the manner and form and at the times described
herein. ING USA also hereby undertakes that, in the event that Citibank, in
connection with any Indenture or any Trust, may be required to file or furnish
any reports (other than any Reports) (the "Depositor Reports") pursuant to the
Securities Exchange Act of 1934, as amended (the "Exchange Act") and the
Exchange Act authorizes the party serving as the depositor, sponsor or issuer of
the Program to file or furnish or cause to be filed or furnished such Depositor
Reports, then ING USA will, to the extent permissible under applicable law, file
or furnish or cause to be filed or furnished such Depositor Reports pursuant to
the Exchange Act

                                       5
<PAGE>

at its own expense. In addition, ING USA shall be responsible for filing all
reports pursuant to the Exchange Act.

         Section 4.06 Counterparts. This Agreement may be executed in
counterparts (including by facsimile transmission), each of which when so
executed and delivered shall be deemed an original, but all of such counterparts
shall together constitute one and the same instrument.

                                       6
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Expense and
Indemnity Agreement by their duly authorized officers as of the date hereof.

                                    ING USA ANNUITY AND LIFE INSURANCE COMPANY

                                    By:
                                        --------------------------------------
                                    Name:
                                    Title:

                                    CITIBANK, N.A.

                                    By:
                                        --------------------------------------
                                    Name:
                                    Title:

<PAGE>

                                    EXHIBIT A

                                      FEES

                                       A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]