TOKYO (Standard&Poor's) July 3, 2013--Standard&Poor's Ratings Services said today that it has reviewed its ratings on three Japanese life insurers by applying its new ratings criteria for insurers, which were published on May 7, 2013. The three insurers are: ING Life Insurance Co. Ltd., MassMutual Life Insurance Co., and ORIX Life Insurance Corp. (See the Ratings List for the ratings on these insurers that we took rating actions on.) We will publish individual analytical reports on the insurers identified below. The research updates will be available at www.standardandpoors.com/insurancecriteria and on RatingsDirect.com. Ratings on specific issues will be available on RatingsDirect and at www.standardandpoors.com. RELATED CRITERIA AND RESEARCH Insurers: Rating Methodology, May 7, 2013 Group Rating Methodology,