QoL Max Accumulator+ - PowerPoint Presentation

QoL Max Accumulator+ Cash Value Accumulation IUL Presented by…Trevor KeebleDirector of Product Training Policies issued by American General Life Insurance Company ("AGL“)

Introducing the QoL Max Accumulator+Index Universal Life Insurance An attractive life insurance solution that can provide a route to cash value accumulation and tax-free income potential GROWTH Help accumulate tax-deferred fundsSTABILITY Protect against losses due to market volatilityACCESS Leverage multiple options for tax-free incomePROTECTION Helps provide security for beneficiaries

Do your clients know they can use life insurance forprotection, retirement and long-term wealth accumulation? • Properly structured distributions can be tax-free.• Unlike the limited contribution levels of IRAs and 401(k) plans, there are few limits to the amount of money they can put to work in a life insurance strategy.• There are no income-based participation restrictions and no tax penalties on distributions at any age.1 • The tax-free life insurance death benefit can help assure that your clients’ objectives are achieved – even if they die too soon. Index universal life insurance helps deliver safety with the opportunity for cash value growth• Potential growth in cash values is linked to market index performance without dividends.• Guaranteed floors protect against loss in down markets.• Money is never invested directly into the stock market. 1 If policy is for a Modified Endowment Contract (MEC), please consult a tax advisor to confirm tax-free eligibility.

QoL Max Accumulator+ StrategyGrowth Strategy: Potential for attractive, long-term cash accumulation • Lean policy design can build cash value through possible interest from index interest accounts.• A guaranteed interest crediting bonus is available via account value enhancement (policy year 6 and later ). Stability Strategy : Help reduce impact of market volatility • Our volatility control strategy is tied to a hybrid index currently exclusive to American General Life which seeks more stable returns —— dynamically adjusts exposure among equities, fixed income and cash• Guaranteed protection against loss of principal due to market downturns • All account options have guaranteed floors for loss protection in down markets.

QoL Max Accumulator+ StrategyAccess to Cash: Multiple options to optimize income distribution.Numerous cash access options for: supplementing retirementcovering healthcare expensesstarting a businesscovering college or wedding expensesfunding vacations creating emergency funds Protection: Helping to provide security for beneficiariesThe tax-free death benefit can help assure that your client’s family or business lives on with a lump-sum benefit payment.1Option to select a guaranteed income stream for beneficiaries that will grow at a fixed interest rate. 2 1 Life insurance death benefits are generally tax-free for beneficiaries under IRC 101(a), but may under certain situations be taxable in part or whole . 2 Select Income Rider. An additional fee will apply. Installment payments may be taxable. See Rider for details.

Rate Summary Index StrategyGuaranteed Minimum InterestCap RateParticipation Rate Non-Guaranteed Crediting Rate AG 49Current Account Value Enhancement AVE(policy yrs 6+)Blend Participation Rate0.00%NA100%7.38% 0.65% Utilizing MLSB Index Participation Rate 0.00% NA 65%7.35%0.45%Utilizing S&P 500High Cap Rate0.00%13.50%NA7.47%0.25% Utilizing S&P 500 Core Cap Rate 0.25% 10.00% NA6.11% 0.75% Utilizing S&P 500Declared Interest2.00%NANA2.65%0.25% Rates current as of 4/15/2016 and subject to change.

ML Strategic Balanced Index ®Dynamically Blending Equity and Fixed Income Indices designed to Provide Stability with Upside Growth Potential

The ML Strategic Balanced Index is a blend of the S&P 500 ® Index and the Merrill Lynch 10-Year Treasury Futures (Total Return) Index. It offers: Rules-Based Indexing —a non-discretionary process is used to adjust exposures between equity and fixed income indices. Weightings are derived from quantitative rules, allowing allocations to be made systematically without being impacted by biases or emotions. Volatility Control—the Index employs two layers of volatility management to help reduce risk. Equity and fixed income are rebalanced semiannually. Cash positions are adjusted on a daily basis.1 Dynamic Allocation —to help enhance growth potential, the Index has the flexibility to increase equity and fixed income exposure up to 150%. By combining these key features, the Index offers the potential to deliver Stable Returns over time. 3 Key Features 1. Volatility control measures seek to provide smoother results and mitigate sharp market fluctuations. While this type of strategy can lessen the impact of market downturns, it will also lessen the impact of market upturns, therefore limiting upside potential.

Rules-Based Indexing 1. Volatility Control measures seek to provide smoother results and mitigate sharp market fluctuations. While this type of strategy can lessen the impact of market downturns, it is important to note that it will also lessen the impact of market upturns, therefore limiting upside potential.

The Value of a Dynamic Rules-Based Approach Note: Past performance is not a guarantee of future results. The ML Strategic Balanced Index was created on August 12, 2014. Levels for the Index before August 12, 2014 represent hypothetical data determined by retroactive application of a back tested model, itself designed with the benefit of hindsight. The above hypothetical chart only reflects the performance of the ML Strategic Balanced Index. It does not reflect the amount of interest credited to an index annuity or index life product during this time. Actual results for a specific insurance contract would depend on the crediting strategy chosen and the spread or participation rate for the time period(s) shown. f rom 1/31/1994-12/31/2013

Thoughts on which strategy when?MLSB Blend Participation DiversificationHedge against S&P negative performance Capitalize on times of low volatility by overweightingPotentially higher returnsUncapped strategySecond highest bonusHighest illustrated values S&P High Cap Great use as a combo with the MLSB for years when S&P performance is positive Index with highest illustrated rate per ag49, but not highest total overall illustrated rate. S&P Participation If you expect positive S&P Performance Great use as a combo with the MLSB for years when S&P performance is positive Uncapped strategy S&P Core Cap Highest Guarantees Hedge against S&P negative performance Designed to perform best at lower rates or return High bonus and guarantee

Product SpecsIssue Ages 0-80 Minimum DB $50,00014 Year Surrender Charge PeriodMonthly Admin Fee Current $10.00 / Max $20.00Premium LoadCurrent charge – varies by gender, issue age, class, and policy yearMax charge of 18% up to target, 18% above target Monthly Per $1,000 Expense Charge first 15 years only

Product Highlights Target2 Year Rolling Target PremiumUnderwriting ClassificationsPreferred Plus Non Tobacco Preferred Non TobaccoPreferred TobaccoStandard Non TobaccoStandard TobaccoSpecial (Substandard) Non TobaccoSpecial (Substandard)TobaccoDeath Benefit OptionOption 1 (Level Death Benefit)Option 2 (Increasing Death Benefit) New Product Specs We have improved our Standard non tobacco rates and added a Preferred Plus non-tobacco class!

Underwriting Class Structure Transition

Standard Loan 3% Charge / 2% CreditPreferred Loan 2% Charge / 2% CreditAvailable after policy year 10 but are restricted to a policy year maximum of 10%Participating Loans5% rate at product launch Loan rate will vary between 4% and 8% declared monthly loan rate is governed by The Model Policy Loan Interest Rate Bill (MDL-590)Switch Loan Type up to 3 times during the life of the policy1 Policy loans and withdrawals may be taxable.

Riders Accelerated Access Solution®Accidental Death BenefitChildren’s InsuranceIncome for Life RiderSelect Income Rider Overloan Protection RiderSpouse/Other Insured Term RiderWaiver of Monthly DeductionsWaiver of Specified PremiumQoL Accelerated Benefit RidersThere may be a charge for each rider selected. See the rider for details regarding the benefit descriptions, limitations and exclusions. Adding or deleting riders and increasing or decreasing coverage under existing riders can have tax consequences. Policy owners should consult a tax advisor prior to exchanging their policy. Riders are not available in all states.

Another option the insured can choose for their beneficiaries is the optional Select Income rider.

Select Income RiderNo cost rider Potentially increases policy’s funds available to access by policy ownerHelps beneficiaries manage ongoing expensesOptional rider converts a portion or all of the life insurance benefit for beneficiaries to a predefined guaranteed set of annual payments Minimum percentage of life insurance benefit available to convert is 10% (up to 100%)

Select Income RiderOnly available at issue Once selected at issue, the installment payment period is irrevocable for the beneficiaryMay lower the policy’s cost of insurance charges, which may enable cash value to accumulate faster Income or withdrawal amounts may increase by 2-5% on average compared to what it would be without the rider

Select Income RiderSchedule of life insurance benefit payments will be determined at issue You can choose payment durations to beneficiaries of 10, 20, and 30 yearsBenefit schedule will be based on the initial face amount of the policy at issueLife insurance benefit payments will increase annually at a rate set at issue (1%)

Select Income RiderThe life insurance benefit payment period selected must be within the timeframe you would have turned 95 (if you were still living). For example, if you are 70 years old at time of purchase, you can select a 20 year life insurance benefit payment option because you would have only been 90 years old for the payments to complete. You could not select a 30 yr period because you would have been older than 95 for that payout to complete.

Select Income Rider Payout Example$1,046,696Total Minimum Installment Amount: $10,000 DB$1,000,000Payout$100,000$101,010$102,030$103,061$104,102Period12 3 4 5 Payout $105,153 $106,215$107,288$108,371$109,466Period678910Hypothetical representation for illustrative purposes only.

Select Income Rider QoL Max Accumulator+Without SIRWith SIR Initial DB$588,992 $588,992Age 65 CV$326,546$338,477 Annual Income $35,323 $37,246 Total COIs age 85$39,039$22,913F45SNT $10,000 annual premium to age 65 Increasing DB, switch to level at 65 ML Index, max rate Participating Loans Only Income age 65-85 5.44% Increase Hypothetical representation for illustrative purposes only.

Select Income Rider QoL Max Accumulator+Without SIRWith SIR Initial DB$396,706$396,706Age 65 CV$318,209$336,760 Annual Income $34,066 $37,048 Total COIs age 85$58,556 $31,909 Hypothetical representation for illustrative purposes only. F45SNT Table E $10,000 annual premium to age 65 Increasing DB, switch to level at 65 ML Index, max rate Participating Loans Only Income age 65-858.75% Increase

Select Income Rider QoL Max Accumulator+Without SIRWith SIR Initial DB$386,179$386,179 Age 65 CV$177,574$180,081 Annual Income $18,370 $18,872 Total COIs age 85$42,540$37,572M50SNT$10,000 annual premium to age 65 Level DB all years ML Index, max rate Participating Loans Only Income age 65-85 2.73% Increase Hypothetical representation for illustrative purposes only.

Income For Life RiderWhat’s Better Than Income For Life? Tax Free Income For Life!

Income For Life RiderWith the Income for Life rider, the cash values can be used to produce a guaranteed stream of lifetime income with optional annual cost-of-living adjustments. There is no additional cost to add this rider to the policy, only a one-time charge deducted from the account value when you activate this feature.Income is not guaranteed until the rider is activated. The one-time charge and annuity factor rates can be re-priced by the company before activation.

Income For Life RiderAfter activating this feature, the guaranteed income stream will continue for the policy holder’s lifetime and never decrease—even if the market experiences a significant drop—and the policy will retain a life insurance benefit. Plus with a built-in “step-up” feature, the income amount may increase if the market does well.  On each policy anniversary, the step-up feature recalculates the income stream if the underlying account value exceeds the current target performance.The choice on whether or not to activate this feature is up to the policy holder.

Income For Life RiderIssue Ages: 0-75 Waiting period: 10 years Be no younger than 55 and no older than 85 at time of election Automatically included Income stream: Guaranteed income stream (similar to an annuity payout)Fixed Loans after withdrawals to basisOptional annual Cost of Living Adjustment (COLA): 0%, 1%, 2%, or 3% options

Income For Life RiderUpon election of rider DB switched to Level Payments can be paid monthly, quarterly, semi-annually or annuallyOne time charge assessed at time of activationNo accelerated benefits must be paid out prior to exerciseNo policy changes (no additional premiums/withdrawals/loans, face changes, DB option changes, etc.) can be made after rider election or else it terminates the rider . Riders like AAS & QoL ABRs are dropped when IFLR is activated.

IFLR Calculation ExampleMale Age 45Face Amount $220,000 Increasing DB switching to Level in year 21$10,500 Annual Payment for 20 YearsCash Value at age 65 is $414,231 One time IFLR charge is the tabular rate multiplied by the cash value:414,231 x 6.855% = $28,396The IFLR Annuity Factor in this example would be 0.0493%IFLR Payout Calculation:(414,231 – 28,369) x 0.0493 = $19,013 Hypothetical representation for illustrative purposes only.

Combination Example BaseSIRIFL Both RidersIncome Amount$31,657 $32,879$15,169 $15,660 Male 45 PNT Initial DB $498,886 $10K pay to 65 SIR run at 100% of DB, 30-yearMax Rate run with ML Index AccountStandard Loan Switch at Basis Hypothetical representation for illustrative purposes only.

Accelerated Access Solution (AAS)Additional Chronic Illness Coverage Policies issued by American General Life Insurance Company ("AGL“)

Accelerated Access Solution DetailsAdditional paid Chronic Illness benefit available on new QoL products Accelerate 100% of death benefit, up to $3 million, in the event of qualifying chronic illnessDollar-for-dollar acceleration; client always knows the benefit amountMaximum underwriting class: Table DMinimum monthly benefit payout: $1,000Benefit payout may be elected to be lump sum or monthly payout

101(g) No LTC license necessary2-out-of-6 ADLs; or Severe Cognitive Impairment Indemnity BenefitNo ReceiptsSpend benefits on anythingFlexible Benefit BaseBenefit = 50% up to 100% of Death Benefit $50,000 minimum up to $ 3 ,000,000 maximumFull waiver of monthly deductions Accelerated Access Solution

Flexible Monthly BenefitIRS Per Diem capped at 2% per monthIRS Per Diem capped at 4% per monthIRS Per Diem with No Cap ! Max. Monthly Benefit = Total Benefit ÷ 12 months The 8.3% Option! IRS caps the maximum daily rate each year. The 2016 maximum is $ 340/day or $10,341.66/month . Subsequent years may be higher. $300,000 DB x 2% = $6,000 per month $300,000 DB x 4% = $12,000 per month $300,000 DB ÷ 12 = $25,000 per month = 8.33% per month! Accelerated Access Solution (AAS)

Benefits of Accelerated Access SolutionInflation hedge against future costs Purchase more than today’s Per Diem limitMany products won’t allow it Provides inflation protection with a maximum monthly benefit cap4% Cap – example:4% of $300,000 = $12,000 per monthGo on-claim in 2016: Collect $10,341.66 per monthGo on-claim in the future when Per Diem = $15,000 per month: Collect $12,000 per month Per Diem – example: $300,000 AAS benefit Maximum monthly benefit: $300,000 = $15,000 per month

Accelerated Access Solution (AAS)

Accelerated Access Solutions—State Approvals DC WV TX CO AZ NM CA ** NV UT MT WY WA OR LA ND SD NE KS ID MN IA HI AK AR MO OH MI IN WI IL KY TN GA MS AL FL DE MD ME NY PA VA NC SC CT RI MA NJ NH VT Approved Awaiting Approval Not filed **will not be filing 15600 in CA Older version 13600 was filed but not yet approved OK Approvals as of 4/11/16

Competition

QoL Max Accumulator+ Competitive Accumulation and Income Potential As of April 8, 2016 These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information. Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Product Annual Income Target Initial DB CVA65 QoL Max Accumulator + With MLSB Index Participation 140,665 5,178 466,045 1,488,123 North American Builder IUL7 137,208 4,657 447,757 1 ,552,737 QoL Max Accumulator + With S&P 500 Index Participation 132,333 5,178 466,045 1,423,153 Minnesota Life Eclipse Index Life 130,593 4,991 474,419 1,458,109 Accordia Life Lifetime Builder 124,382 5,088 481,349 1,416,145 Transamerica TransNavigator IUL 112,956 5,025 530,000 1,316,374 LSW FlexLife 115,519 5,321 516,100 1,333,859 ANICO Signature IUL 107,412 5,492 532,128 1,331,356 Male, 35 , PNT, Premium 15,000 for 30 years, DB increase to level , distribution using fixed loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ Competitive Accumulation and Income Potential with Select Income Rider Both AIG Max Accumulator+’s Select Income Rider and Minnesota Life Omega IUL’s Index Option rider assume 100% death benefit spread, 30 year installments. As of April 8, 2016 These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information. Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Product Annual Income Target Initial DB CVA65 QoL Max Accumulator + MLSB Index Participation with Select Income Rider 144,994 5,178 466,045 1,518,189 Minnesota Life Omega Builder IUL with Income Protection Option 137,819 4,720 474,419 1,505,698 North American Builder IUL7 137,208 4,657 447,757 1 ,552,737 Minnesota Life Eclipse Index Life 130,593 4,991 474,419 1,458,109 QoL Max Accumulator + S&P 500 Index Participation with Select Income Rider 134,383 5,178 466,045 1,437,621 Accordia Life Lifetime Builder 124,382 5,088 481,349 1,416,145 Transamerica TransNavigator IUL 112,956 5,025 530,000 1,316,374 LSW FlexLife 115,519 5,321 516,100 1,333,859 ANICO Signature IUL 107,412 5,492 532,128 1,331,356 Male, 35 , PNT, Premium 15,000 for 30 years, DB increase to level , distribution using fixed loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ Competitive Accumulation and Income Potential As of April 8, 2016 These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information. Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Product Annual Income Target Initial DB CVA65 North American Builder IUL7 92,779 9,008 511,833 1,024,585 QoL Max Accumulator + With MLSB Index Participation 91,951 9,642 520,913 972,800 QoL Max Accumulator + With S&P 500 Index Participation 88,023 9,642 520,913 947,206 Minnesota Life Eclipse Index Life 87,497 9,238 536,140 977,310 Accordia Lifetime Builder 85,686 9,457 553,023 977,321 Transamerica TransNavigator IUL 79,416 9,583 579,000 1,510,785 LSW FlexLife 79,138 9,639 567,657 919,162 ANICO Signature IUL 78,892 9,978 587,298 936,232 Male, 4 5 , PNT, Premium 25,000 for 2 0 years, DB increase to level , distribution using fixed loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ Competitive Accumulation and Income Potential with Select Income Rider Both AIG Max Accumulator+’s Select Income Rider and Minnesota Life Omega IUL’s Index Option rider assume 100% death benefit spread, 30 year installments. As of April 8, 2016 These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information. Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Product Annual Income Target Initial DB CVA65 QoL Max Accumulator + MLSB Index Participation with Select Income Rider 93,364 9,642 520,913 981,663 Minnesota Life Omega Builder IUL with Income Protection Option 93,051 8,734 536,140 1,010,973 North American Builder IUL7 92,779 9,008 511,833 1,024,585 QoL Max Accumulator + S&P 500 Index Participation with Select Income Rider 89,400 9,642 520,913 955,855 Minnesota Life Eclipse Index Life 87,497 9,238 536,140 977,310 Accordia Lifetime Builder 85,686 9,457 553,023 977,321 Transamerica TransNavigator IUL 79,416 9,583 579,000 1,510,785 LSW FlexLife 79,138 9,639 567,657 919,162 Anico Signature IUL 78,892 9,978 587,298 936,232 Male, 4 5 , PNT, Premium 25,000 for 2 0 years, DB increase to level , distribution using fixed loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information.Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. As of April 8, 2016 Competitive Accumulation and Income Potential Product Annual Income Target Initial DB CVA65 North American Builder IUL7 161,661 4,657 447,757 1,552,737 QoL Max Accumulator + With MLSB Index Participation 161,571 5,178 466,045 1,488,123 Minnesota Life Eclipse Index Life 150,387 4,991 474,419 1,458,109 QoL Max Accumulator + With S&P 500 Index Participation 148,767 5,178 466,045 1,423,153 Accordia Life Lifetime Builder 144,545 5,088 481,349 1,416,145 LSW FlexLife 135,783 5,321 516,100 1,333,859 ANICO Signature IUL 128,932 5,492 532,128 1,331,356 Transamerica TransNavigator IUL 121,380 5,253 529,000 1,313,178 As of April 8, 2016 Male, 35 , PNT, Premium 15,000 for 30 years, DB increase to level , distribution using participating loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information.Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. ProductAnnual Income Target Initial DB CVA65 QoL Max Accumulator + MLSB Index Participation with Select Income Rider 164,152 5,178 466,045 1,503,117 North American Builder IUL7 161,661 4,657 447,757 1,552,737 Minnesota Life Omega Builder IUL with Income Protection Option 159,374 4,720 474,419 1,505,698 QoL Max Accumulator + S&P 500 Index Participation with Select Income Rider 151,178 5,178 466,045 1,437,621 Minnesota Life Eclipse Index Life 150,387 4,991 474,419 1,458,109 Accordia Life Lifetime Builder 144,545 5,088 481,349 1,416,145 LSW FlexLife 135,783 5,321 516,100 1,333,859 ANICO Signature IUL 128,932 5,492 532,128 1,331,356 Transamerica TransNavigator IUL 121,380 5,253 529,000 1,313,178 Male, 35 , PNT, Premium 15,000 for 30 years, DB increase to level , distribution using participating loans after withdrawal starts at age 66-85, max illustrated rate Competitive Accumulation and Income Potential with Select Income Rider Both AIG Max Accumulator+’s Select Income Rider and Minnesota Life Omega IUL’s Index Option rider assume 100% death benefit spread, 30 year installments. As of April 8, 2016

QoL Max Accumulator+ These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information.Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. As of April 8, 2016 As of April 8, 2016 Competitive Accumulation and Income Potential Product Annual Income Target Initial DB CVA65 North American Builder IUL7 106,437 9,008 511,833 1,024,585 QoL Max Accumulator + With MLSB Index Participation 105,276 9,642 520,913 972,800 Minnesota Life Eclipse Index Life 100,105 9,238 536,140 977,310 QoL Max Accumulator + With S&P 500 Index Participation 98,672 9,642 520,913 947,206 Accordia Lifetime Builder 99,408 9,168 536,141 977,321 LSW FlexLife 92,946 9,639 567,657 919,162 ANICO Signature IUL 90,282 9,978 587,298 936,232 Transamerica TransNavigator IUL 85,800 9,583 579,000 931,784 Male, 4 5 , PNT, Premium 25,000 for 2 0 years, DB increase to level , distribution using participating loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information.Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Both AIG Max Accumulator+’s Select Income Rider and Minnesota Life Omega IUL’s Index Option rider assume 100% death benefit spread, 30 year installments. As of April 8, 2016 Competitive Accumulation and Income Potential with Select Income Rider Product Annual Income Target Initial DB CVA65 QoL Max Accumulator + MLSB Index Participation with Select Income Rider 106,957 9,642 520,913 981,663 Minnesota Life Omega Builder IUL with Income Protection Option 106,831 8,734 536,140 1,010,973 North American Builder IUL7 106,437 9,008 511,833 1,024,585 QoL Max Accumulator + S&P 500 Index Participation with Select Income Rider 100,268 9,642 520,913 955,855 Minnesota Life Eclipse Index Life 100,105 9,238 536,140 977,310 Accordia Lifetime Builder 99,408 9,168 536,141 977,321 LSW FlexLife 92,946 9,639 567,657 919,162 ANICO Signature IUL 90,282 9,978 587,298 936,232 Transamerica TransNavigator IUL 85,800 9,583 579,000 931,784 Male, 4 5 , PNT, Premium 25,000 for 2 0 years, DB increase to level , distribution using participating loans after withdrawal starts at age 66-85, max illustrated rate

QoL Max Accumulator+ Differentiated Living Benefits Riders As of April 8, 2016 These comparisons cannot be used with the public. Complete personalized policy illustrations for each company product must be presented or discussed with your client regarding guaranteed and nonguaranteed elements of the policy, including surrender values, accumulation values, loans, withdrawals, death benefits and other important information. Although every attempt has been made to verify the accuracy of the information displayed, it cannot be guaranteed. Product Chronic Illness/LTC Rider Critical Illness Rider Terminal Illness Rider QoL Max Accumulator + a a a LSW FlexLife a a a ANICO Signature IUL a a a North American Builder IUL7 a a a Minnesota Life Eclipse Index Life a – Optional LTC Rider a Accordia Life Lifetime Builder a a Transamerica TransNavigator IUL a – Optional LTC Rider a

Policies issued by: American General Life Insurance Company (AGL), Policy Form Numbers ICC15-15603 , ICC15-15604, ICC15-15602, ICC15-15600, 82012, 82410, 88390, ICC14-14002, 14306, ICC15-15997, ICC15-15996, ICC15-15994, ICC15-15271, ICC15-15274, ICC15-15272, ICC15-15273. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). AGL does not solicit business in the state of New York. Products may not be available in all states and product features may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language.This information is general in nature, may be subject to change, and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S . federal, state or local tax penalties. For advice concerning your individual circumstances, consult a professional attorney, tax advisor or accountant. © AIG 2016. All rights reserved AGLC109744 Important Information

The S&P 500 (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by American General Life Insurance Company (AGL). Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by AGL. The life insurance products underwritten and issued by AGL are not sponsored, endorsed, sold or promoted by SPDJI, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of AGL’s or any member of the public regarding the advisability of investing in securities generally or in AGL’s products particularly or the ability of the Index to track general market performance. S&P Dow Jones Indices’ only relationship to AGL with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to AGL or its products. S&P Dow Jones Indices has no obligation to take the needs of AGL or the owners of its products into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of AGL’s products or the timing of the issuance or sale of AGL’s products or in the determination or calculation of the equation by which AGL’s products are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of AGL’s products. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE Index OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY AGL, OWNERS OF AGL’S PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE Index OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND AGL, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES LLC. Index Disclosure for the S&P 500

The ML Strategic Balanced Index SM provides systematic, rules-based access to the blended performance of two underlying indices—the S&P 500 (without dividends), which serves to represent equity performance, and the Merrill Lynch 10-year U.S. Treasury Futures Total Return Index, which serves to represent fixed income performance. To help manage overall return volatility, the Index may also systematically utilize Cash performance in addition to the performance of the two underlying indices . Important Note: The ML Strategic Balanced Index embeds an annual index cost in the calculations of the change in Index Value over the Index Term. This “embedded index cost” will reduce any change in Index Value over the Index Term that would otherwise have been used in the calculation of index interest, and it funds certain operational and licensing costs for the index. It is not a fee paid by you or received by the Company. The Company’s licensing relationship with Merrill Lynch, Pierce, Fenner & Smith Incorporated for use of the ML Strategic Balanced Index and for use of certain service marks includes the Company’s purchase of financial instruments for purposes of meeting its interest crediting obligations. Some portion of those instruments will, or may be, purchased from Merrill Lynch, Pierce, Fenner & Smith Incorporated or its Affiliates.Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The products of licensee American General Life Insurance Company have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY INDEX, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, ITS QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS ). The ML Strategic Balanced Index (the “Index”) is the property of Merrill Lynch, Pierce, Fenner & Smith Incorporated, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Merrill Lynch, Pierce, Fenner & Smith Incorporated. Index Disclosure for the ML Strategic Balanced Index

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries.. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn: http://www.linkedin.com/company/aigAIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.