Common use of FIXED ACCOUNT Clause in Contracts

FIXED ACCOUNT. The Fixed Account is comprised of a one - year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers to the Fixed Account funds will still roll into a new one - year Guaranteed Period Option at the end of the expiring option’s guaranteed period We will offer the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).

FIXED ACCOUNT. The Fixed Account is comprised a Separate Account under state insurance law and is not required to be registered with the Securities and Exchange Commission under the Investment Company Act of 1940. Interests in the Fixed Account are registered under the Securities Act of 1933. The Fixed Account includes various Fixed Allocations which we credit with fixed rates of interest declared by us for the then available Guarantee Period(s) selected by the Certificate Owner. Any declaration will by class and will be based soley on our expectations of future earnings. We reset the interest rates for new Fixed Allocations periodically based on our sole discretion. Such rates will apply to periods following the date of declaration. Any declaration will be by class and will be based on our future expectations. Interest will be credited daily at a one - year rate to yield the declared annual Guaranteed Period Option and the Dollar Cost Averaging Interest Rate Minimum Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred Allocation The minimum allocation to the Fixed Account in any one Fixed Allocation is shown in each Certificate. Guarantee Periods We may offer any number of Guarantee Periods and may, from time to time, change the Guarantee Periods available. Any change in the Guarantee Periods available under a Certificate will reflect not affect existing Fixed Allocations in a fixed interest rateGuarantee Period until the Guarantee Period Maturity Date. The interest rates we set Guaranteed Interest Rates for a Fixed Allocation are effective for the entire period. The Maturity Date of a Guarantee Period will be credited for increments on the last day of the calendar month in which the Guarantee Period ends. Withdrawals and transfers made during a Guarantee Period may be subject to a Market Value Adjustment unless made within thirty days prior to the Maturity Date. Upon the Maturity Date of a Guarantee Period, we will transfer the Accumulation Value of the expiring Fixed Allocation to a Fixed Allocation with a Guarantee Period equal in length to the expiring Guarantee Period, unless the Certificate Owner selects another period prior to its Maturity Date. We will notify the Certificate Owner at least one year measured thirty days prior to a Maturity Date of the options for renewal. If the period remaining from each premium payment or transfer date. These rates will never be the expiry of the previous Guarantee Period to the Annuity Commencement Date is less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on period elected or the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers to the Fixed Account funds will still roll into a new one - year Guaranteed Period Option at the end of the expiring option’s guaranteed period We will offer the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed Period. At that timeexpiring, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from next shortest period then available that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11will be offered. In the absence of such electionIf a period is not available, the funds Accumulation Value will be rolled into a new one - year GPO, You transferred to the Specially Designated Division. GA-MA-1112 13 HOW WE MEASURE THE ACCUMULATION VALUE (continued) -------------------------------------------------------------------------------- Market Value Adjustments A Market Value Adjustment will be mailed applied to a notice of completion of any rollover with the new interest rate applicableFixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and IRA Partial Wi▇▇▇rawals. The new GPO will Market Value Adjustment is applied to each Fixed Allocation separately and may be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn positive, negative or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis)result in no change.

FIXED ACCOUNT. The Fixed Account is comprised of a one - one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right right, to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect effect. Even if we are prohibiting premium payments or transfers to the Fixed Account Account, funds will still roll into a new one - one-year Guaranteed Period Option at the end of the expiring option’s guaranteed period period. We will offer the one - one-year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest interest, will be rolled into a new one - one-year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - one-year GPO, . You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - one-year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first first. If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next next, and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - First-In, First - First-Out” or FIFO basis).

FIXED ACCOUNT. The Fixed Account is comprised a Separate Account under state insurance law and is not required to be registered with the Securities and Exchange Commission under the Investment Company Act of 1940. The Fixed Account includes various Fixed Allocations which we credit with fixed rates of interest for the Guarantee Period or Periods you select. We reset the interest rates for new Fixed Allocations periodically based on our sole discretion. Guarantee Periods Each Fixed Allocation is guaranteed an interest rate for a period, a Guarantee Period. The Guaranteed Interest Rate for a Fixed Allocation is effective for the entire period. The Maturity Date of a one - year Guaranteed Guarantee Period Option will be on the last day of the calendar month in which the Guarantee Period ends. Withdrawals and transfers made during a Guarantee Period may be subject to a Market Value Adjustment unless made within thirty days of the Dollar Cost Averaging Maturity Date. Upon the expiry of a Guarantee Period, we will transfer the Accumulation Value of the expiring Fixed Option Allocation to a Fixed Allocation with a Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a Maturity Date. We will notify you at least thirty days prior to a Maturity Date of your options for renewal. If the period remaining from the expiry of the previous Guarantee Period to the Annuity Commencement Date is less than the period you have elected or the period expiring, the next shortest period then available that we may choose will not extend beyond the Annuity Commencement Date will be offered to offeryou. Premium payments applied to and any amounts If a period is not available, the Accumulation Value will be transferred to the Specifically Designated Division. We will declare Guaranteed Interest Rates for the then available Fixed Account will reflect a fixed interest rateAllocation Guarantee Periods. The These interest rates we set are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change at any time prior to application to specific Fixed Allocations, although in no event will be credited for increments of at least one year measured from each premium payment or transfer date. These the rates will never be less than the Fixed Account Minimum Guaranteed Minimum Effective Annual Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and ▇▇▇ Partial Withdrawals. The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers to the Fixed Account funds will still roll into a new one - year Guaranteed Period Option at the end amount of the expiring option’s guaranteed period We will offer Accumulation Value withdrawn, transferred or applied to an Income Plan by the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).following factor:

FIXED ACCOUNT. The Fixed Account is comprised a separate account under state insurance law and is not required to be registered with the Securities and Exchange Commission under the Investment Company Act of 1940. The Fixed Account includes the Single Premium Paid which we credit with fixed rates of interest for the Guarantee Period the Certificate Owner selects. We reset the interest rates for subsequent Guarantee Periods based on our sole discretion. GUARANTEE PERIODS The Initial Guarantee Period is selected by the Certificate Owner from among the durations then being offered by the Company and is shown in the Certificate. The length of the Initial Guarantee Period will determine the Initial Guaranteed Interest Rate. Upon the expiry of a one - year Guaranteed Guarantee Period, a subsequent Guarantee Period Option and will begin. Each subsequent Guarantee Period will be the Dollar Cost Averaging Fixed Option that we may choose to offersame length as the previous Guarantee Period, unless a) the Certificate Owner elects a different duration from among those then being offered by the Company; or b) the new Guarantee Period would extend beyond the Annuity Commencement Date then in effect. Premium payments applied to and any amounts transferred If the period remaining from the expiry of the previous Guarantee Period to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be Annuity Commencement Date is less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on period the Policy Data page. After Certificate Owner has elected or the policy dateperiod expiring, we reserve the right to prohibit premium payments and/or transfers allocated next shortest period then available that will not extend beyond the Annuity Commencement Date will be offered to the Fixed Account described in this sectionCertificate Owner. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers notify the Certificate Owner prior to the Fixed Account funds will still roll into Maturity Date of their options for renewal. In order to elect a new one - year Guaranteed Period Option at the end of the expiring option’s guaranteed period We will offer the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed different Guarantee Period. At that time, the premium payment made or amount transferred into Certificate Owner must notify the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days Company in writing before the end of the expiring option’s Guaranteed 30-day period immediately preceding the Maturity Date of the current Guarantee Period. However, any Guaranteed Period elected The Certificate Owner may not select a Guarantee Period that would extend beyond the maximum Annuity Commencement Date defined then in Section 11effect. In We reserve the absence right to offer Guarantee Periods of such election, durations other than those available on the funds Certificate Date. We also reserve the right to cease offering a particular Guarantee Period or Periods. GA-MC-1070 8 6/00 HOW WE MEASURE THE CERTIFICATE'S ACCUMULATION VALUE (continued) ---------------------------------------------------------------------------- MARKET VALUE ADJUSTMENTS A Market Value Adjustment will be rolled into a new one - year GPOapplied upon withdrawal or application to an Income Plan if made more than 30 days prior to the Maturity Date of the current Guarantee Period, You except on free Partial Withdrawal amounts as described on page 10. Market Value Adjustments will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed applied as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).follows:

FIXED ACCOUNT. The Fixed Account is comprised of a one - one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right right, to prohibit premium payments and/or transfers allocated to the Fixed Account described in this section. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect effect. Even if we are prohibiting premium payments or transfers to the Fixed Account Account, funds will still roll into a new one - one-year Guaranteed Period Option at the end of the expiring option’s guaranteed period period. We will offer the one - one-year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s Guaranteed Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest interest, will be rolled into a new one - one-year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - one-year GPO, . You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - one-year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first first. If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next next, and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - InFirst-ln, First - First-Out” or FIFO basis).

FIXED ACCOUNT. FIXED ACCOUNT The Fixed Account is comprised a non-unitized separate account (designated as Separate Account B) that We use to account for amounts allocated to Guarantee Periods under the Contract. All amounts allocated to a Guarantee Period, whether Net Purchase Payments or transfers, become part of the Fixed Account. FIXED ACCOUNT VALUE When we receive a one - year Guaranteed Period Option and purchase payment, all or that portion, if any, of the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred Net Purchase Payment which is allocated to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Guarantee Period(s) You select. Your Fixed Account Value, if any, for any Valuation Period is equal to the sum of the values in each of the Guarantee Periods. The value in any one Guarantee Period on a Valuation Date is the accumulated value of the Net Purchase Payment (or transfer) at the Guaranteed Interest Rate minus the accumulated value of surrenders and transfers out of that Guarantee Period at the Guaranteed Interest Rate. GUARANTEE PERIODS You may select one or more Guarantee Period(s) from those We make available. The period(s) selected will determine the Guaranteed Interest Rates(s). The Net Purchase Payment or the portion thereof (or amount transferred in accordance with the transfer privilege described below) allocated to a particular Guarantee Period will earn interest at the Guaranteed Interest Rate during the Guarantee Period. Guarantee Periods begin on the Date of Deposit or, in this sectionthe case of a transfer, on the effective date of the transfer. The Guarantee Period is the number of years We credit the Guaranteed Interest Rate. The expiration date of any Guarantee Period is the last day of the Guarantee Period. Subsequent Guarantee Periods begin on the first day following the expiration date. As a result of Guarantee Period renewals, additional purchase payments and transfers of portions of the Contract Value, Guarantee Periods of the same duration may have different expiration dates and Guaranteed Interest Rates. We will provide 30 notify You In Writing at least 45 and no more than 60 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers prior to the Fixed Account funds expiration date for any Guarantee Period. A new Guarantee Period of the same duration as the previous Guarantee Period will still roll into a new one - year Guaranteed Period Option begin automatically at the end of the expiring option’s guaranteed period previous Guarantee Period unless We will offer receive Written notice to the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until contrary at least 3 business days prior to the end of that option’s Guaranteed such Guarantee Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us elect a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed different Guarantee Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of or Subaccount from those We offer at such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis)time.

FIXED ACCOUNT. The Fixed Account is comprised of a one - year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rateII of ING USA Annuity and Life Insurance Company. The interest rates we set Variable Separate Account is Separate Account B of ING USA Annuity and Life Insurance Company. Optional Benefit Riders and Endorsements As shown in each Certificate IU-MA-3040 6 The Schedule (continued) Deductions from Accumulation Value We may deduct the amount of any redemption fees imposed by a mutual fund or other investment company in which the Variable Separate Account Divisions invest as a result of any surrenders, Partial Withdrawals, reallocations or other transactions directed by the Certificate Owner. Charge Deduction Division If elected by the Certificate Owner, all charges against the Accumulation Value in each Certificate will be credited deducted from the [Liquid Assets Division]. As shown in each Certificate IU-MA-3040 7 Eligible persons as stated in the application for increments of at least one year measured from each premium payment or transfer datethis Contract and who have enrolled and for whom the Initial Premium Payment has been paid are eligible to receive the benefits under this Contract. These rates will never be less than The Certificate Owner has the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on rights and options described in the Policy Data page. After the policy dateCertificate, we reserve including, but not limited to, the right to prohibit premium payments and/or transfers allocated designate who receives the Annuity Payments on the Annuity Commencement Date. One or more persons may own a Certificate. Any addition or deletion of a Certificate Owner is treated as a change of Owner under a Certificate. Please see the “Change of Certificate Owner or Beneficiary” section. The Certificate Owner is also the Annuitant unless another Annuitant has been named by the Certificate Owner and is shown in the Certificate. The Annuitant must be a natural person. The Certificate Owner may name a Contingent Annuitant. The Annuitant may not be changed during the Annuitant’s lifetime. If the Annuitant dies before the Annuity Commencement Date, the Contingent Annuitant becomes the Annuitant. If the Certificate Owner is not the Annuitant, the Certificate Owner will be the Contingent Annuitant unless the Certificate Owner names someone else. If no Contingent Annuitant has been named, we will allow the Certificate Owner sixty days from the Annuitant’s death to designate someone other than yourself as the Annuitant. If there are joint Certificate Owners, we will treat the youngest of the Certificate Owners as the Contingent Annuitant, unless the Certificate Owner elects otherwise. The Beneficiary is the person the Certificate Owner elects to receive the Death Benefit if any Certificate Owner (or the Annuitant if any Certificate Owner is not an individual) dies prior to the Fixed Account described Annuity Commencement Date. See the “Death Benefit” section for more information. The sole Certificate Owner’s estate will be the Beneficiary if no Beneficiary designation is in this sectioneffect, or if the designated Beneficiary has predeceased the Certificate Owner. In the case of a joint Certificate Owner dying prior to the Annuity Commencement Date, the surviving Certificate Owner will be deemed to be the primary Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary(ies). One or more persons may be named as a primary Beneficiary or contingent Beneficiary. Unless the Certificate Owner designates an irrevocable Beneficiary, the Certificate Owner has the right to change the Beneficiary. When an irrevocable Beneficiary has been designated, the Certificate Owner and the irrevocable Beneficiary may have to act together to exercise the rights and options under the Certificate. When naming or changing the Beneficiary, the Certificate Owner may specify the form of payments of the Death Benefit. We will provide 30 days advance written notice honor the specified form of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers payment to the Fixed Account funds will still roll into a new one - year Guaranteed Period Option at the end extent permitted under Section 72(s) of the expiring option’s guaranteed period We will offer Internal Revenue Code of 1986, as amended (“the one - year Guaranteed Period OptionCode”). The current interest rate we set for funds entering a Guaranteed Period Option (GPO) If the form of payment is guaranteed until the end of that option’s Guaranteed Period. At that timenot specified, the premium payment made or amount transferred into Beneficiary may determine the GPOmanner of payment, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(sextent allowed by the Code. IU-MA-3040 8 Introduction to this Contract (continued). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).

FIXED ACCOUNT. FIXED ACCOUNT The Fixed Account is comprised of a one - one-year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data pagePage 3. After the policy date, we We reserve the right right, at our sole discretion, to prohibit premium payments and/or transfers allocated to any of the Fixed Account options described in this sectionsection after the Policy Date. We will provide 30 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers to effect. GUARANTEED PERIOD OPTION We will offer the Fixed Account funds will still roll into a new one - one-year Guaranteed Period Option at for the end of initial premium payment and may offer it for subsequent premium payments or amounts transferred to the expiring option’s guaranteed period We will offer the one - year Guaranteed Period OptionFixed Account. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until the end of that option’s 's Guaranteed Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest interest, will be rolled into a new one - one-year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s 's Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - one-year GPO if we are allowing transfers into new one-year GPO, 's at that time You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. If we are prohibiting transfers into new one-year GPO's, we will provide 30 days advance written notice of this decision. We will also provide timely written notification to you once any such prohibition of transfers is no longer in effect. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first first. If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next next, and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - "First-In, First - First-Out” " or FIFO basis).

FIXED ACCOUNT. The Fixed Account is comprised of a one - year Guaranteed Period Option and the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred to the Fixed Account II of ING USA Annuity and Life Insurance Company. Guaranteed Minimum Interest Rate As shown in each Certificate The Variable Separate Account is Separate Account B of ING USA Annuity and Life Insurance Company. Optional Benefit Riders and Endorsements As shown in each Certificate IU-MA-3040 6 The Schedule (continued) Deductions from Accumulation Value Mortality and Expense Risk Charge As shown in each Certificate Asset Based Administrative Charge As shown in each Certificate We may deduct the amount of any redemption fees imposed by a mutual fund or other investment company in which the Variable Separate Account Divisions invest as a result of any surrenders, Partial Withdrawals, reallocations or other transactions directed by the Certificate Owner. Charge Deduction Division If elected by the Certificate Owner, all charges against the Accumulation Value in each Certificate will reflect a fixed interest ratebe deducted from the [Liquid Assets Division]. As shown in each Certificate IU-MA-3040 7 Eligible persons as stated in the application for this Contract and who have enrolled and for whom the Initial Premium Payment has been paid are eligible to receive the benefits under this Contract. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than Certificate Owner has the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on rights and options described in the Policy Data page. After the policy dateCertificate, we reserve including, but not limited to, the right to prohibit premium payments and/or transfers allocated designate who receives the Annuity Payments on the Annuity Commencement Date. One or more persons may own a Certificate. Any addition or deletion of a Certificate Owner is treated as a change of Owner under a Certificate. Please see the “Change of Certificate Owner or Beneficiary” section. The Certificate Owner is also the Annuitant unless another Annuitant has been named by the Certificate Owner and is shown in the Certificate. The Annuitant must be a natural person. The Certificate Owner may name a Contingent Annuitant. The Annuitant may not be changed during the Annuitant’s lifetime. If the Annuitant dies before the Annuity Commencement Date, the Contingent Annuitant becomes the Annuitant. If the Certificate Owner is not the Annuitant, the Certificate Owner will be the Contingent Annuitant unless the Certificate Owner names someone else. If no Contingent Annuitant has been named, we will allow the Certificate Owner sixty days from the Annuitant’s death to designate someone other than yourself as the Annuitant. If there are joint Certificate Owners, we will treat the youngest of the Certificate Owners as the Contingent Annuitant, unless the Certificate Owner elects otherwise. The Beneficiary is the person the Certificate Owner elects to receive the Death Benefit if any Certificate Owner (or the Annuitant if any Certificate Owner is not an individual) dies prior to the Fixed Account described Annuity Commencement Date. See the “Death Benefit” section for more information. The sole Certificate Owner’s estate will be the Beneficiary if no Beneficiary designation is in this sectioneffect, or if the designated Beneficiary has predeceased the Certificate Owner. In the case of a joint Certificate Owner dying prior to the Annuity Commencement Date, the surviving Certificate Owner will be deemed to be the primary Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary(ies). One or more persons may be named as a primary Beneficiary or contingent Beneficiary. Unless the Certificate Owner designates an irrevocable Beneficiary, the Certificate Owner has the right to change the Beneficiary. When an irrevocable Beneficiary has been designated, the IU-MA-3040 8 Certificate Owner and the irrevocable Beneficiary may have to act together to exercise the rights and options under the Certificate. When naming or changing the Beneficiary, the Certificate Owner may specify the form of payments of the Death Benefit. We will provide 30 days advance written notice honor the specified form of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers payment to the Fixed Account funds will still roll into a new one - year Guaranteed Period Option at the end extent permitted under Section 72(s) of the expiring option’s guaranteed period We will offer Internal Revenue Code of 1986, as amended (“the one - year Guaranteed Period OptionCode”). The current interest rate we set for funds entering a Guaranteed Period Option (GPO) If the form of payment is guaranteed until the end of that option’s Guaranteed Period. At that timenot specified, the premium payment made or amount transferred into Beneficiary may determine the GPOmanner of payment, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(sextent allowed by the Code. IU-MA-3040 8 Introduction to this Contract (continued). You may choose the Investment Option(s) You want the funds transferred into by giving us a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis).

FIXED ACCOUNT. FIXED ACCOUNT The Fixed Account is comprised a non-unitized separate account (designated as Separate Account B) that We use to account for amounts allocated to Guarantee Periods under the Contract. All amounts allocated to a Guarantee Period, whether Net Purchase Payments or transfers, become part of the Fixed Account. FIXED ACCOUNT VALUE When we receive a one - year Guaranteed Period Option and purchase payment, all or that portion, if any, of the Dollar Cost Averaging Fixed Option that we may choose to offer. Premium payments applied to and any amounts transferred Net Purchase Payment which is allocated to the Fixed Account will reflect a fixed interest rate. The interest rates we set will be credited for increments of at least one year measured from each premium payment or transfer date. These rates will never be less than the Fixed Account Guaranteed Minimum Effective Annual Interest Rate shown on the Policy Data page. After the policy date, we reserve the right to prohibit premium payments and/or transfers allocated to the Guarantee Period(s) You select. Your Fixed Account Value, if any, for any Valuation Period is equal to the sum of the values in each of the Guarantee Periods. The value in any one Guarantee Period on a Valuation Date is the accumulated value of the Net Purchase Payment (or transfer) at the Guaranteed Interest Rate minus the accumulated value of surrenders and transfers out of that Guarantee Period at the Guaranteed Interest Rate. GUARANTEE PERIODS You may select one or more Guarantee Period(s) from those We make available. The period(s) selected will determine the Guaranteed Interest Rate(s). The Net Purchase Payment or the portion thereof (or amount transferred in accordance with the Transfer Privilege Provision described below) allocated to a particular Guarantee Period will earn interest at the Guaranteed Interest Rate during the Guarantee Period. Guarantee Periods begin on the Date of Deposit or, in this sectionthe case of a transfer, on the effective date of the transfer. The Guarantee Period is the number of years We credit the Guaranteed Interest Rate. The expiration date of any Guarantee Period is the last day of the Guarantee Period. Subsequent Guarantee Periods begin on the first day following the expiration date. As a result of Guarantee Period renewals, additional purchase payments and transfers of portions of the Contract Value, Guarantee Periods of the same duration may have different expiration dates and Guaranteed Interest Rates. We will provide 30 notify You In Writing at least 45 and no more than 60 days advance written notice of this decision. We will also provide timely written notification to You once any such prohibition of premium payments and/or transfers is no longer in effect Even if we are prohibiting premium payments or transfers prior to the Fixed Account funds expiration date for any Guarantee Period. A new Guarantee Period of the same duration as the previous Guarantee Period will still roll into a new one - year Guaranteed Period Option begin automatically at the end of the expiring option’s guaranteed period previous Guarantee Period unless We will offer receive Written notice to the one - year Guaranteed Period Option. The current interest rate we set for funds entering a Guaranteed Period Option (GPO) is guaranteed until contrary at least 3 business days prior to the end of that option’s Guaranteed such Guarantee Period. At that time, the premium payment made or amount transferred into the GPO, less any Withdrawals or transfers from that GPO, plus accrued interest will be rolled into a new one - year GPO or may be transferred to any Subaccount(s) within the Separate Account(s). You may choose the Investment Option(s) You want the funds transferred into by giving us elect a written notice within 30 days before the end of the expiring option’s Guaranteed Period. However, any Guaranteed different Guarantee Period elected may not extend beyond the maximum Annuity Commencement Date defined in Section 11. In the absence of or Subaccount from those We offer at such election, the funds will be rolled into a new one - year GPO, You will be mailed a notice of completion of any rollover with the new interest rate applicable. The new GPO will be deemed as accepted if we do not receive a written rejection within 30 days from the postmark date of the completion notice. When funds are withdrawn or transferred from the one - year GPO, the Policy Value associated with the oldest premium payment or rollover is considered to be withdrawn/transferred first If the amount withdrawn/transferred exceeds the Policy Value associated with the oldest premium, the Policy Value associated with the next oldest premium payment or rollover is considered to be withdrawn/transferred next and so on until the Policy Value associated with the most recent premium payment or rollover is considered to be withdrawn/transferred (this is a “First - In, First - Out” or FIFO basis)time.