PPT-INVESTMENT PRODUCTS: NOT FDIC INSURED • NOT BANK GUARANTEE • MAY LOSE VALUE

INVESTMENT PRODUCTS NOT FDIC INSURED NOT BANK GUARANTEE MAY LOSE VALUE LEARNING OBJECTIVES Covers the changing nature of retirement Encourages investors to visualize their ideal retirement and consider the realities and roadblocks to retirement savings they may encounter. The Fund seeks capital appreciation as a secondary investment objective when consistent with its primary investment objective STRATEGY The Fund will invest at least 80 of its Managed Assets 1 in corporate bonds loans and other incomeproducing instru brPage 1br FACT SHEET 4Q brPage 2br Not FDIC Insured May Lose Value No Bank Guarantee Not a deposit • Not insured by any federal agency. IMPORTANT DISCLOSURES . For an audience with a basic understanding of the financial industry. Not intended for use with the general public.. Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.. MULTILATERAL INVESTMENT GUARANTEE AGENCY . WORLD BANK GROUP . MIGA is the part of the World Bank Group that promotes developmentally sound foreign direct investment. . It does this by providing political risk insurance (guarantees) to the private sector.. Franklin Templeton Investments. 2. As of . 12/31/15. .. 1. . Investment . professionals include portfolio managers, portfolio managers/analysts, research analysts and traders of Franklin, Templeton, Franklin Mutual Series, and subsidiary investment management groups.. Health savings accounts (HSAs) are individual accounts offered by Optum Bank®, Member FDIC, and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. Investments are not FDIC-insured, are not guaranteed and may lose value. State taxes may apply. Fees may reduce earnings on account. The information contained in this presentation is not intended as legal, investment, or tax advice. It is supplied for general educational purposes and with the understanding that Optum does not provide legal, investment, or tax advice. Please contact a competent legal, investment, or tax professional for personal advice on eligibility, investing, tax treatment and restrictions. State taxes may apply. Fees may reduce earnings on account. Federal and state laws and regulations are subject to change. . Franklin Templeton Investments. 2. As of . 12/31/15. .. 1. . Investment . professionals include portfolio managers, portfolio managers/analysts, research analysts and traders of Franklin, Templeton, Franklin Mutual Series, and subsidiary investment management groups.. Presented by:. Aimee Briles, . Wintrust Financial. Julie Conenna, . Bank of America. Agenda. Regulations impacting treatment of public deposits. Dodd-Frank Act. Basel III. Bank Balance Sheet Implications . No Bank Guarantee. | . 1. EO028 290847 . 2/15. What is. a bond?. A loan to a corporation. or government. .. . Investors lend the money. Repaid in specified period of time (up to 30 years). Repaid with specified amount of interest income. No Bank Guarantee. The Challenge. Source: . The College Board, . 2015. College costs are rising. Four years of tuition and fees. 2016. Public . college. (in state). $40. ,861. Private college. $140,711. 1Q2021 Separately Managed Accounts WESTERN ASSET CURRENT MARKET MUNI PORTFOLIOS Investment overviewWestern Asset Current Market Muni Portfolios invest in municipal bonds for substantial individual and INVESTMENT GUARANTEE GUIDEINSURING INVESTMENTS ENSURING OPPORTUNITIESMULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP 1See 12 USC 1811 1818 1821 1831o1501 1831p1501 2Herein the term 145145industrial bank146146 means any insured State-chartered bank that is an industrial SUMMARY The Federal Deposit Insurance Corporati Please advise he Boston Area Office in writing when the proposed transaon has been consummated If an extension of the time limit included in the Order is rqiiired a letter requesting a speciFc extensi