Introducing the Accelerated Access Solution® Optional Living Benefit Rider for Value+ IUL Presented by… Policies issued by American General Life Insurance Company, a member company of AIG FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution Product Availability Value+ IUL AG Secure Lifetime GUL® II AG Platinum Choice VUL 2 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Health Care Statistics You Should Know About 91% of older adults have at least one chronic condition, and 73% have at least two.1 9 in 10 people who go on long-term care claims do not recover. Only 10% of the market would have what turns out to be a non-permanent condition.2 4 in 5 people (80%) live in private homes where about 80% of the care is provided by family and friends.3 1National Council on Aging: www.ncoa.org/improve-health/center-for-healthy-aging/chronic-disease, 2014 Department of Health and Human Services website: longtermcare.gov/the-basics/who-will-provide-your-care, 2014 3Congressional Budget Office based on data from Medicare Current Beneficiary Survey, Access to Care files, 2010. 2U.S. 3 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Health Care Statistics You Should Know $220,000 for out-of-pocket medical expenses = the healthcare costs throughout retirement for an average 65-year old couple retiring now1 73% of respondents to a recent survey say serious health problems are their major worry about living to 1002 1Fidelity 2The Benefits Consulting study 6/11/2014 2Q11 SunAmerica Retirement Re-SetSM Study conducted by Harris Interactive surveyed a national sample of adults age 55+. 4 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution A life insurance rider that can provide access to income tax-free death benefits while the insured is living to help pay for expenses related to a chronic illness.1 The funds can be used to help pay for: Adult Daycare Assisted Living Family Care Nursing Home Care Virtually any expense, even those unrelated to the illness 1Insured must be certified as chronically ill by a Licensed Health Care Practitioner and meet all eligibility requirements. Income tax free amounts are subject to limitations under IRC section 101(g). 5 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution May be Ideal for Consumers: That know they need long-term life insurance protection Desire access to funds for potential future chronic care expenses Have experienced a recent care event with a family member or friend Living a healthy lifestyle but want options in the event their health deteriorates Are reluctant to purchase stand-alone Long Term Care insurance 6 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Benefits of Accelerated Access Solution No waiting period – Benefits are available at the time the policy is issued – Subject to 90-day elimination period Optionality in payouts – Policy owner selects the monthly payout option that’s best for them – THREE different choices available • 2%; 4%; or per diem Guaranteed benefits – No increases in rider costs or decreases in benefits paid due to changing market conditions Waiver of monthly deduction – Policy payments stop for as long as policy owner meets the chronic illness requirement 7 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION More Benefits of Accelerated Access Solution Flexible options with total benefit amount – select any amount between 50% -100% of the base policy death benefit amount No receipts required – Benefits paid irrespective of actual costs incurred Not a “use or lose it” policy – Benefits are paid no matter what…either when the chronic illness requirement is met or via death benefits Control over how money is spent – Up to the policy holder how the funds are used, not restricted via the policy 8 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Activation of the Accelerated Access Solution To activate the rider, one of the following health impairment criteria must be met: 1. Insured is unable to perform without substantial assistance from another person two of the Activities of Daily Living (ADLs) and the condition is expected to be permanent.* Activities of Daily Living: Bathing Continence Dressing Eating Toileting Transferring *Annual re-certification is required. 9 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Activation of the Accelerated Access Solution To activate the rider, one of the following health impairment criteria must be met: 2.Insured requires substantial supervision from threats to health and safety due to a severe cognitive impairment (similar to Alzheimer’s and similar forms of irreversible dementia) that is measured by clinical evidence and standardized tests that is expected to be permanent* measuring: – Short-term or long-term memory – Orientation as to people, places or time – Deductive or abstract reasoning When one of the two criteria is met and the 90 day elimination period is satisfied, the monthly benefit payments begin. *Annual re-certification is required. 10 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution Specifications 101(g) Rider – Chronic Illness, not Long Term Care No additional agent licensing requirement COI Charge (rather than an adjustment at time of claim) Dollar-for-Dollar offset of death benefit during payments 2 of 6 ADL’s or Cognitive Impairment – Expected to be permanent Waiver of Monthly Deductions – Monthly deductions are waived for the entire policy and all company riders as long as the policy owner meets the chronic illness requirements 11 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution Specifications Issue Ages 18 – 80 Must be added at policy issue Benefit Amount Limits (selected at purchase): – Minimum Accelerated Benefit $50,000 – Maximum Accelerated Benefit $1,500,000 Benefit Percentage Limits (selected at purchase): – Minimum Accelerated Benefit = 50% of DB – Maximum Accelerated Benefit = 100% of DB Available through Table D Indemnity, not Reimbursement 12 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Optionality in Payouts The client gets to decide the payout option: 2% of the Accelerated Access Solution benefit per month, or 4% of the Accelerated Access Solution benefit per month, or The government-regulated maximum Per Diem amount in effect at the time the client claims benefits – 2015 Per Diem Maximum $330 per day ($118,800 year) – Per Diem is indexed for inflation If the 2% or 4% options generate a monthly benefit in excess of the Per Diem in effect at the time of claim, the monthly benefit paid will not exceed the maximum Per Diem at the time of claim 13 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution How It Works… The Terminal Illness Rider1 must always be selected (no charge) The monthly cost of the A.A.S. rider will vary based on: – – – – The accelerated benefit amount option chosen Issue age Gender Underwriting class Once the insured meets the health impairment criteria: – Premium requirements stop – The death benefit is reduced by the benefit amount paid to the policy owner, dollar-for-dollar – Benefits received are generally income-tax free2 – Remaining death benefit is paid to the beneficiaries income-tax free 1Terminal Illness Rider requires diagnosis of a 24 months or less life expectancy. Except for the state of Connecticut where it is 12 months or less. 2Based on current federal income tax laws. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 14 What if the insured gets better? We don’t expect anyone to come off of an Accelerated Access Solution claim since the chronic illness is expected to be permanent in order to qualify for benefits. While on claim, all monthly deductions and charges are waived. If a miracle occurs and the insured comes off claim, the monthly premiums will begin at a new, lower rate that will need to be recalculated at that time. 15 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION What if the insured gets better? – No back payments are required for the time period the insured was on claim – The lower premium rate will be less than the original premium paid prior to claim due the reduced death benefit and reduced AAS benefit. – The new premium rate calculation is dependent on how long the policy was in force prior to the claim, the age of the insured etc. – Two simple rules of thumb: • The longer the policy is inforce prior to going on claim, the lower the post recovery premium will be. • The more benefits the insured uses while on claim, the lower the post recovery premium will be. 16 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Accelerated Access Solution How It Works… The insured will become eligible for the Accelerated Death Benefit when each of the following conditions are met… American General Life must receive a written request for the Accelerated Death Benefit American General Life must receive Written Certification of impairment from a Licensed Health Care Practitioner American General Life must receive written consent from any irrevocable beneficiaries or assignee of record named in the policy The 90 day Elimination Period has been satisfied; and The insured is Chronically Ill at the time a benefit payment is made 17 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Let's Look at an Example… 55 Male Preferred Non-Tobacco Purchases a $800,000 Value+ IUL Elects to add the Accelerated Access Solution – The client elects to accelerate 50% ($400,000) of the death benefit if he becomes chronically ill – He elects the 2% monthly payout option Not an actual case, and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 18 The Result… If he becomes chronically ill and elects to activate the rider he would be able to begin accelerating $8,000 per month. Death Benefit $800,000 Accelerated Access Solution Acceleration Amount $400,000 2% Monthly Payout Option $8,000 per month Payout Duration 4 years, 2 months ($400,000 x 2%) ($400,000 ÷ $8,000 = 50 months) 19 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION How Long Will It Last? 100% Acceleration 2% Payout How Many Months? 4% Payout How Many Months? Per Diem* How Many Months? Year 1 $3,000 50 $6,000 25 $9,900 15 Year 10 $3,000 50 $6,000 25 $12,500 121 Year 20 $3,000 50 $6,000 25 $12,500 121 Year 30 $3,000 50 $6,000 25 $12,500 121 $500,000 DB 2% Payout How Many Months? 4% Payout How Many Months? Per Diem* How Many Months? Year 1 $9,900 50 $9,900 50 $9,900 50 Year 10 $10,000 50 $14,555 34 $14,555 34 Year 20 $10,000 50 $20,000 25 $21,546 23 Year 30 $10,000 50 $20,000 25 $31,893 15 $150,000 DB *Per Diem based off of 2015 amount increasing at 4% per year. Number of months are rounded down to whole numbers. 1Minimum payout period is 12 months the per diem numbers have been adjusted to reflect this. 20 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION How Long Will It Last? 100% Acceleration $1,000,000 DB 2% Payout How Many Months? 4% Payout How Many Months? Per Diem* How Many Months? Year 1 $9,900 101 $9,900 101 $9,900 101 Year 10 $14,555 68 $14,555 68 $14,555 68 Year 20 $20,000 50 $21,546 46 $21,546 46 Year 30 $20,000 50 $31,893 31 $31,893 31 $1,500,000 DB 2% Payout How Many Months? 4% Payout How Many Months? Per Diem* How Many Months? Year 1 $9,900 151 $9,900 151 $9,900 151 Year 10 $14,555 103 $14,555 103 $14,555 103 Year 20 $21,546 69 $21,546 69 $21,546 69 Year 30 $30,000 50 $31,893 47 $31,893 47 *Per Diem based off of 2015 amount increasing at 4% per year. Number of months are rounded down to whole numbers. 21 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Supplemental Application for Chronic Illness ABR 22 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Supplemental Application Knock-Out Questions 23 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Supplemental Application Additional Questions 24 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Running WinFlex Illustrations w/ AAS 25 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION WinFlex Warning Messages “The accelerated amount is below the minimum allowable for the rider, and has been increased to the minimum amount.” Example Amounts Face Amount $50,000 Accelerated Percentage 50% Accelerated Amount $25,000 Minimum Accelerated Amount $50,000 Accelerated Percentage Adjusted to 100% $50,000 Not an actual case, and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 26 WinFlex Error Messages “The face amount exceeds the maximum allowable of $3,000,000 for the AAS. Please reduce the face amount.” Example Amounts Face Amount $10,000,000 Selected A.A.S. Benefit (max.) $1,500,000 Max. A.A.S. Benefit = $1,500,000 DB cannot exceed 2x the A.A.S. benefit (50%) DB Adjusted to the Maximum $3,000,000 Not an actual case, and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 27 WinFlex Warning Messages “The accelerated amount exceeds the maximum allowable for this rider, and has been reduced to the maximum amount.” Example Face Amount Accelerated Percentage Amounts $2,000,000 80% Accelerated Amount $1,600,000 Max Accelerated Amount $1,500,000 New Accelerated Amount $1,500,000 Adjusted Percentage 75% Not an actual case, and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 28 WinFlex Warning Messages “The Monthly Benefit selected exceeds the 2015 IRS maximum per-diem amount prescribed by the IRS. The maximum monthly benefit may not exceed the per-diem amount in effect at the time you make your claim for benefits. However, the total aggregate benefit will not be reduced.” Example Amounts Face Amount $1,000,000 Accelerated Percentage 50% Monthly Benefit Payout Percentage 4% Monthly Benefit $20,000 (1M x 50% x 4% = 20K) IRS Per Diem 2015 $9,900 Monthly Benefit Adjusted to $9,900 Total Benefit Payable = $500,000 Not an actual case, and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 29 Sales Ideas 30 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 31 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Problem: Chronic Illness Hits Close to Home Lisa is a 50 year old recently divorced mother of 2 children (ages 15 and 14), whose mother recently passed away.* Due to Lisa’s mother’s advanced Alzheimer’s, Lisa spent a lot of time caring for her mother due to insufficient funds for a nursing facility. Lisa is concerned about what would happen if she were to contract some type of chronic illness or much worse if she were to pass away unexpectedly. She doesn’t want to rely upon her children to care for her or leave them without the necessary funds to continue on after her passing. Not an actual case and is a hypothetical representation for illustrative purposes only. 32 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Solution: Life insurance you don’t have to die to use Lisa meets with her financial professional, Greg, to discuss options to help protect her and her family in the event of an untimely death or a chronic condition. Greg explains that there are now life insurance products with optional chronic illness riders that can protect her from both sets of risks. Greg presents two options: 1) a guaranteed universal life (GUL) policy (AG Secure Lifetime GUL® II) and 2) an index universal life (IUL) policy (Value+ IUL). Both options have the same chronic illness rider, the Accelerated Access Solution. Not an actual case and is a hypothetical representation for illustrative purposes only. 33 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Solution: Life insurance you don’t have to die to use Comparing the two options for a $500,000 life insurance policy, Greg explains that not only does the Value+ IUL offer strong guaranteed protection to age 81 it requires a lower premium which would save Lisa $42 a year over the GUL option. The Value+ IUL also offers unique liquidity options coupled with the Accelerated Access Solution making it a very unique and valuable product solution. Greg then goes on to explain the liquidity options as outlined next. Not an actual case and is a hypothetical representation for illustrative purposes only. 34 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Solution: Life insurance you don’t have to die to use With Optionality® built into the policy Lisa has the following choices in regard to the chronic illness rider: Choose an Accelerated Access Solution total benefit amount anywhere between $250,000 and $500,000. Three monthly benefit payment options as shown in the chart to the right. Lisa chose the 100% total benefit option giving her a $500,000 Accelerated Access Solution benefit. She also chose the per diem benefit payment option at the time of purchase. Not an actual case and is a hypothetical representation for illustrative purposes only. 35 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Fast Forward Lisa decides to purchase the $500,000 Value+ IUL life insurance policy with an initial per diem AAS benefit of $9,900. Not only does it offer her chronic illness protection but also provides a premium savings and unique liquidity options that the GUL does not. Twenty years goes by and Lisa suffers a stroke but has the ability to access her death benefit while she is alive to pay for the cost of the care needed and thus does not have to place the burden of that expense on her children who are just starting out in their careers and do not have any large savings to pull from. Not an actual case and is a hypothetical representation for illustrative purposes only. 36 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Additional Benefits of Value+ IUL 1 Under current federal tax law, partial withdrawals are reportable to the policy owner and may be taxable. Limitations apply. 2 Option election date is at the end of the 20th policy year (for issue ages 0-64) and the later of age 85 or the end of the 5th policy year (for all issue ages). 3 The Benchmark Premium is a level annual premium which is intended to carry your policy to or close to maturity on a current (nonguaranteed) assumption basis assuming 1) a 6% illustrated rate and 2) that premiums have been paid on time at the beginning of each policy year. 4 Option election date is at the end of the 20th policy year for issue ages 0-64 or the later of age 85 or the end of the 5th policy year for issue ages 65-85 37 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Not an actual case and is a hypothetical representation for illustrative purposes only. 38 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Problem: Concerns that the rising cost of healthcare will outpace his chronic illness protection Jonathan is a 40 year old husband with three children1. He is concerned about protecting his family from an untimely death but is also aware of the impact that a major chronic illness could have on his finances and family’s well-being. One of his close friends was recently in a car accident that left him permanently unable to perform two of the six activities of daily living and Jonathan has seen first hand how expensive care can be. Not an actual case and is a hypothetical representation for illustrative purposes only. 39 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Solution: Upside potential with downside protection coupled with a chronic illness rider Jonathan meets with his financial professional, Morgan, to discuss some ways to protect his family. Morgan presents Jonathan with a proposal for a life insurance policy coupled with a chronic illness rider. He explains how an index universal life (IUL) policy could provide some unique options compared to other life insurance contracts. The main benefit of IUL is it provides the opportunity for the cash value to grow based in part on some outside index. This could be beneficial for Jonathan because, over time, if the cash value grows high enough, it could increase the death benefit amount. That could increase the payout Jonathan would receive under the chronic illness rider (up to a maximum $1.5M). Not an actual case and is a hypothetical representation for illustrative purposes only. 40 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Solution: Upside potential with downside protection coupled with a chronic illness rider The product Morgan presents is the Value+ IUL coupled with the Accelerated Access Solution chronic illness rider. He explains to Jonathan that this IUL also offers a unique index strategy called the ML Strategic Balanced IndexTM which could help decrease the volatility in the contract and help to potentially increase the cash value Morgan describes the IRS per diem payout option on the chronic illness rider which increases along with the IRS per diem that can act as a natural hedge against the future rising cost of healthcare. 1 Not an actual case and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 41 Fast Forward Jonathan decides to purchase the Value+ IUL with the Accelerated Access Solution. Owning the policy gives him peace of mind that if he were to pass away unexpectedly, his family would be protected. Luckily that didn’t happen. But at age 80, Jonathan suffers a severe stroke leaving him unable to perform two of the six activities of daily living on a permanent basis. He elects to activate the Accelerated Access Solution and accelerate the maximum monthly amount of $47,530.1 And since this is an indemnification chronic illness rider (no receipts required) Jonathan can use the funds for anything he wants, even those items unrelated to the illness. 1 Non-gauranteed projection shows IRS Per Diem increasing at an annual rate of 4% with a monthly payout being paid out over a minimum 12 month calendar period. Not an actual case and is a hypothetical representation for illustrative purposes only. FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 42 Care Coordination Program FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Care Coordination Program AGL offers services to help the insured locate and choose a provider through its “Care Coordination Program”. American General Life has partnered with the nation’s largest administrator of long-term care insurance (Long-Term Care Group, Inc. or LTCG™), to arrange the long-term care services at no cost to policyholders. This free benefit, called the “Care Coordination Program”, is completely optional and available on all policies with the Accelerated Access Solution chronic illness rider. 44 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Care Coordination Program This program offers access to Care Management professionals that can provide information to support a search for a caregiver or facility that is right for each family’s situation as well as assistance to: locate a qualified caregiver, long term care facility or home-delivered meals provider develop a plan of care to ensure all your needs are met direct you to organizations with expertise in your disabling condition set up your first home care visit understand the steps involved in moving into a long term care facility help you understand the cost of long term care and how you will be billed for the services you receive 45 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Questions? For additional information, please contact your American General Life Companies representative or visit our producer web site at http://eStation.americangeneral.com National Sales Desk can be reached at 1-800-677-3311 46 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Important Information Information about the S&P 500® Index. The S&P 500® is widely regarded as the standard for measuring U.S. stock market performance. Index annuities and stocks have different tobjectives and time horizons and are subject to different tax treatments. Stocks are subject to risk, including the possible loss of principal. Stock gains may be subject to ordinary income or capital gains tax. See below for additional information on index annuities. The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American General Life Insurance Company and affiliates. Standard & Poor’s,® S&P,® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American General Life Insurance Company and affiliates. American General Life Insurance Company and affiliates’ products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index. 47 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Important Information Information about the ML Strategic Balanced IndexSM The ML Strategic Balanced IndexSM provides systematic, rulesbased 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, 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. 48 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION Important Information Policies issued by: American General Life Insurance Company (AGL), Form Numbers 13460, ICC13-13460, ICC14-14779, 14779; Rider Form Numbers 13600, ICC13-13600, 13601, 13972, 82001, CA WMDR 82001-5 Rev0914. 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. These product specifications are not intended to be all-inclusive of product information. State variations may apply. Please refer to the policy for complete details. American General Life Insurance Company and their distributors and representatives may not give tax, accounting or legal advice. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. Such discussions generally are based upon the company’s understanding of current tax rules and interpretations. Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have retroactive effect as well. Individuals should seek the advice of an independent tax advisor or attorney for more complete information concerning their particular circumstances and any tax statements made in this material. AGLC108525REV0715 © 2015. All rights reserved. 49 FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION 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/aig 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. 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.