The Power Series of Index Annuities® Principal Protection. Growth Potential. Lifetime Income. Plus, the Opportunity to Guarantee More Income For Life Welcome to our presentation on the Power Series of Index Annuities®, which are issued by American General Life Insurance Company. Each Power Series Index Annuity offers a powerful combination for retirement. You can benefit from principal protection against market downturns, growth potential, tax deferral and lifetime income through annuitization. Plus, through the Lifetime Income Plus guaranteed living benefit rider, available on select annuities at contract issue for an annual fee, you have the opportunity to guarantee more income for life…with income that can grow for the first 10 contract years. Before we get started with the presentation, it’s important to note that the contract and living benefit guarantees are backed by the claims-paying ability of the issuing insurance company. Other restrictions and limitations apply. Annuities are issued by American General Life Insurance Company (AGL). Guarantees are backed the claims-paying ability of AGL.

Why Secure Your Retirement Income? [Read question on the screen]

Americans Today Are LIVING LONGER • • 10,000 baby boomers turning 65 every day1 • • Retirement for a 65-year-old couple may last 30 years or more2 50% chance that one spouse will live beyond age 932 The retirement landscape is changing. Americans today are living longer. According to a 2010 study by the Pew Research Center, there will be 10,000 baby boomers turning 65 every day through 2030. Retirement for these older Americans may last 30 years or more. In fact, for a 65-year-old couple, there’s a 50% chance that one spouse will live beyond age 93, and a 25% chance that one spouse will live beyond age 97. 25% chance that one spouse will live beyond age 972 1 Source: Pew Research Center, December 29, 2010. 2 Source: Society of Actuaries 2012 Individual Annuitant Mortality Tables. Assumes a couple, both age 65.

Interest Rates Are Near HISTORIC LOWS 10-Year Treasury Yields (12/31/1995 to 12/31/2015) » Treasury yields have declined significantly over the last 20 years3 » 1-year CD yield near zero (0.27% as of 12/31/15)4 While the Fed raised interest rates for the first time in nearly 10 years in December 2015, they still remain near historic lows. The chart on this slide shows 10-year Treasury yields for the last 20 years. As of December 31, 2015, 10-year Treasury yields were just above 2% and 1-year CD yields were near zero at 0.27%. For many retirees, these yields would not generate enough income to pay their living expenses. Of course, keep in mind that Treasuries are guaranteed by the U.S. government. If you hold them to maturity, you'll get your principal back and receive a guaranteed fixed rate of return. CDs also offer a fixed rate of return and are guaranteed by the FDIC. In terms of taxes, bond income is treated as ordinary income or capital gains, while CD income is taxed as ordinary income. 3 Source: Yahoo Finance. 10-year Treasury rates from 12/31/1995 to 12/31/2015. Treasury securities are guaranteed by the U.S. government as to the timely payment of principal and interest, and if held to maturity, offer a fixed rate of return and fixed principal value. Bond income may be taxed as ordinary income or capital gains. Past performance is not a guarantee of future results. 4 Source: Sheyna Steiner, “CD Rates for Dec. 31, 2015,” Yahoo Finance and Bankrate, Inc. CDs offer a fixed rate of return and are guaranteed by the Federal Deposit Insurance Corporation (FDIC). CD income is taxed as ordinary income in the year that it is received.

Healthcare Costs REMAIN HIGH • • A 65-year-old couple today may need up to $392,000 to cover medical expenses in retirement5 Healthcare Costs as a Percentage of GDP In addition, healthcare expenses continue to increase. A 2015 study by the Employee Benefit Research Institute found that a retired 65-year-old couple eligible for Medicare may need as much as $392,000 to cover medical premiums and out-of-pocket expenses during retirement. If we look at overall healthcare costs as a percentage of Gross Domestic Product (GDP), it represents approximately 18% of today’s GDP compared to only 5% in 1960. Plus, healthcare costs are forecasted to continue growing through 2020. Individuals who don’t grow their retirement income may have a difficult time keeping up with these expenses. % of GDP Source: U.S. Centers for Medicare and Medical Supplies 5 “Amount of Savings Needed for Heath Expenses for People Eligible for Medicare: Unlike the Last Few Years, the News Is Not Good,” Employee Benefit Research Institute (EBRI) Notes, Vol. 36, No. 10, October 2015.

Traditional Income Sources Are DECLINING • • Younger Americans may not be able to rely on Social Security and pensions for their retirement income needs. Fewer Americans are covered by pensions6 Social Security is facing a potential funding crisis7 116,000 1985 26,000 Today Number of private pension plans Ratio of workers to retirees 159:1 1940 3:1 Traditional income sources are also declining. In the past, Americans could rely on Social Security and corporate pensions to cover most of their retirement income needs, but that may no longer be true. Fewer Americans are now covered by pension plans. In fact, according to the Pension Benefit Guaranty Corporation, the number of private pension plans has declined from approximately 116,000 in 1985 to about 26,000 today. Social Security is also facing a potential funding crisis. Since 2010, Social Security has paid out more money than it receives in payroll taxes. According to the 2015 Annual Trustees Report, if no changes are made, the Social Security Trust Fund will likely be exhausted by 2034. One of the key problems is the demographics. The ratio of workers funding the Social Security program to the retirees receiving benefits have changed dramatically over the last century. In 1940, the ratio was 159:1, but today, it’s only 3:1. 6 2015 IRI Fact Book, page 17. Based on 2012 data from the Pension Benefit Guaranty Corporation. 7 Social Security Online, Ratio of Covered Workers to Beneficiaries, Calendar Years 1940-2013.

Helping to Secure Your Retirement Income Power Series Index Annuity: Helping to Secure Your Retirement Income So how can you address these retirement income challenges? One solution could be purchasing a Power Series Index Annuity with the Lifetime Income Plus guaranteed living benefit rider, which is automatically included or available as an optional feature at contract issue in select annuities for an annual fee. With Lifetime Income Plus, you can generate income that you won’t outlive, no matter how long your life expectancy or what happens to your retirement savings. Note: Guarantees are backed by the claims-paying ability of American General Life Insurance Company. To receive guarantees from a guaranteed living benefit rider, withdrawals must be taken according to the terms of the rider.

A POWERFUL COMBINATION for Retirement Principal Protection Growth Potential Lifetime Income8 Power Series Index Annuity Base Contract Guaranteed Living Benefit Rider Available on select annuities for an annual fee Lifetime Income Plus® Guarantee Rising Income for the First 10 Contract Years9 The base contract for each Power Series Index Annuity offers a powerful combination for retirement, including principal protection against market downturns, growth potential and lifetime income. With a Power Series Index Annuity, your annuity contract value won’t lose value due to market volatility. You’ll have the opportunity to grow your retirement assets through a choice of index interest accounts and a fixed interest account. In addition, you won’t pay current tax on any interest credited until it’s withdrawn (based on current tax laws). Plus, through the Lifetime Income Plus guaranteed living benefit rider, available on select annuities for an annual fee of 0.95% of the Income Base, you have the opportunity to guarantee rising income for the first 10 contract years, as long as withdrawals are taken according to the terms of the rider. If you use an index annuity to fund a tax-qualified plan such as an IRA or 401(k), you should also know that an annuity does not provide any additional tax-deferred treatment of interest beyond the treatment by the tax-qualified plan itself. You should only use an index annuity in a tax-qualified plan if you want to benefit from features other than tax deferral. Please seek the advice of an independent tax advisor or attorney for more complete information concerning your particular circumstances and tax statements made in this material. Note: Lifetime Income Plus is available at contract issue for an annual fee of 0.95% of the Income Base. Guarantees are backed by the claims-paying ability of the issuer. To receive guarantees, withdrawals must be taken according to the terms of the rider. 8 Guaranteed lifetime income is available through annuitization at no additional cost. 9 Rising income is only guaranteed for the first 10 contract years, when withdrawals are taken according to the terms of the rider. 8

Don’t Fear the Bear Principal Protection: Let’s focus first on principal protection. With a Power Series Index Annuity, you won’t have to fear the bear. It's important to understand that an index annuity is not an investment. It's an insurance product that provides you with the potential to earn interest based in part on the performance of an underlying index. You are not invested in the market. Indices are unmanaged and cannot be invested in directly. 9

Protect Your Principal through the POWER OF ZERO • • No loss of principal. Your annuity value won’t decline due to market fluctuations. • • No loss of earnings. Interest earned each year is locked into the annuity and protected from future downturns. • • No emotional ups and downs. You have the confidence of knowing that your principal is protected, even in volatile times. The Power of Zero A Power Series Index Annuity can help protect your principal through the Power of Zero. [Review the bullets on the slide] Note: Principal will decline due to withdrawals and/or fees for an optional rider. It is important to note that index annuities are insurance products and not an investment. Index annuities provide the potential to earn index interest based in part on an underlying index. Indices cannot be invested in directly.

Put the POWER OF ZERO to Work Against Market Loss Combine Upside Potential with the Power of Zero Hypothetical example using the S&P 500®, 1996-2015 Even if an index had negative performance in one year, like the S&P 500’s double-digit declines in 2000-2002 and 2008, your annuity’s contract value would be unaffected! The Power Series guarantees that principal and interest earned are protected from market downturns throughout the life of the contract. As you can see from the example on this slide, even if an index had negative performance in one year, like the S&P 500’s double-digit declines in 2000-2002 and 2008, your annuity’s contract value would be unaffected by this poor performance. Please note that there are contract provisions that may limit the upside potential or reduce the interest earned. We’ll go over some of these limitations in a later slide. Note: This hypothetical example is for illustrative purposes only. It represents only the performance of the S&P 500® Index (excluding dividends), not the performance of the index interest accounts. Interest earned is based on index performance over a given period (generally one year from contract issue date). It is not based on the calendar year.

Help Capture the Upside Growth Potential: Help Capture the Upside In addition to principal protection, a Power Series Index Annuity also offers growth potential.

1-Year Fixed Interest Account Choose from 4 Interest Crediting Options to Help Boost Your GROWTH POTENTIAL Annual Point-to-Point S&P 500® (without dividends) Annual Point-to-Point 2-Year Point-to-Point ML Strategic Balanced Index® 1-Year Fixed Interest Account Fixed Interest Account Interest earned is subject to an index rate cap You can choose from 1 index interest account based on the S&P 500® (Annual Point-to-Point) and two more based on the ML Strategic Balanced Index® (Annual Point-to-Point and 2-Year Point-to-Point). In addition to the three index interest accounts, a Power Series Index Annuity also offers a 1-year Fixed Interest Account. Please note that interest earned is subject to an index rate cap, spread and/or participation rate. An annual index rate cap is the maximum rate of interest you can earn in an index term. A spread is a preset deduction that is used to calculate the interest earned in several accounts. A participation rate is the percentage of the year-to-year index return that is used to calculate interest in specific accounts. Here’s a quick summary of how interest is calculated for each index interest account: With the S&P 500® Annual Point-to-Point Index Interest Account, interest earned is based on the annual point-to-point change in the S&P 500® (excluding dividends) from one contract anniversary to the next. The amount earned is subject to an annual index rate cap. For the ML Strategic Balanced Index® Annual Point-to-Point Index Interest Account, interest earned is based on the annual point-to-point change in the ML Strategic Balanced Index™ from one contract anniversary to the next, reduced by the spread. There is no cap on the annual interest. With the ML Strategic Balanced Index® 2-Year Point-to-Point Index Interest Account, interest earned is based on the 2-year change in the ML Strategic Balanced Index® from one contract anniversary to the anniversary two years later, reduced by two times the annualized spread. The participation rate is set at 100% for all accounts and is guaranteed for the life of the contract. The index rate caps and spreads for all accounts are set at contract issue and guaranteed for an index term (1 or 2 years), after which they are subject to change at the end of each index term. The minimum index rate cap or spread is listed in the contract. Interest earned is subject to a spread Note: Interest earned is subject to an index rate cap, spread and/or participation rate. An annual index rate cap is the maximum rate of interest you can earn in an index term. A participation rate is the percentage of the year-to-year index return that is used to calculate interest in specific accounts. A spread is a preset deduction that is used to calculate the interest earned in several accounts. Index interest accounts are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company. Such circumstances include, but are not limited to, the discontinuation of an index, which may occur at the end of an index term, a change in the composition or calculation of an index, the inability to license the use of an index and the inability to hedge risks associated with these index interest accounts. Special rules govern how assets in a discontinued index interest account may be reallocated. These rules may differ by state. Please see the Owner Acknowledgment and Disclosure Statement for more information.

S&P 500® Annual Percent Change Annual Interest Earned Understanding the S&P 500® ANNUAL POINT-TO-POINT Index Interest Account Hypothetical example assumptions: $100,000 premium and 4% annual index rate cap (reset at 4% every year) S&P 500® Index Value S&P 500® Annual Percent Change Annual Interest Earned Date of Issue 1,000 Anniversary 1 1,083 +8.30% +4.00% Anniversary 2 1,112 +2.68% Anniversary 3 1,053 -5.31% 0.00% Up Year: Interest is credited, subject to the annual index rate cap (4% in this example Down Year: With the Power of Zero, no interest is credited. To gain a better understanding of how the Annual Point-to-Point Index Interest Account works, here’s a more detailed look at how the index interest is calculated in both up and down years. Consider the first year in this hypothetical example, when the S&P 500 increased from 1,000 to 1,083. The annual percentage change in the S&P 500 is calculated by subtracting the beginning S&P 500 value from the ending S&P 500 value (1,083 minus 1,000 equals 83). Divide the result by the beginning value of 1,000, and you’ll get a percentage change of 8.30%. Compare this change to the annual index rate cap of 4.00%. The annual interest earned in this first year would be 4.00%. In contrast, take a look at the third year, when the S&P 500 declined by 5.31%. The annual interest earned in this year would be 0% because the Power of Zero guarantees that the index interest would never be less than zero. The above example is hypothetical and intended only to show how the S&P 500® Annual Point-to-Point Index Interest Account would perform in certain situations. Index rate caps are re-declared annually and may be higher or lower than the hypothetical 4.00% index rate cap shown in this example. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Understanding the ML STRATEGIC BALANCED INDEX® Most people know about the S&P 500 Index, but they may not have heard of the ML Strategic Balanced Index®. It’s an index available exclusively in products issued by AIG member life companies, including American General Life Insurance Company. Here’s how it works: The Index uses a non-discretionary, dynamic, two-step allocation process to adjust exposures between the S&P 500 (excluding dividends) and the Merrill Lynch 10-Year Treasury Futures Total Return Index. This rules-based process eliminates the impact that emotions may have on allocation decisions, making the process objective and transparent. As you can see from the slide, equity and fixed income allocations are rebalanced every six months based on the historical volatility of the underlying indices. Volatility is also monitored on a daily basis. Allocations may be shifted to cash when short-term volatility rises above 6% and from cash when volatility falls. The Index seeks to maintain volatility at this level to help balance risk and return.

Understanding the ML Strategic Balanced Index® ANNUAL POINT-TO-POINT Index Interest Account Hypothetical example assumptions: $100,000 premium and 3% spread (reset at 3% every year) ML Strategic Balanced Index Value ML Strategic Balanced Annual Percent Change Deduct the Spread Annual Interest Earned Date of Issue 1,000 Anniversary 1 1,083 8.30% 8.30% -3.00% = 5.30% +5.30% Anniversary 2 1,144 5.63% 5.63% - 3.00% = 2.63% +2.63% Anniversary 3 1,092 -4.55% -4.55 - 3.00% = -8.55% 0.00% Anniversary 4 1,200 9.89% 9.89% - 3.00% = 6.89% +6.89% Anniversary 5 1,256 4.67% 4.67% - 3.00% = 1.67% +1.67% Anniversary 6 1,125 -10.43% -10.43% - 3.00% = -13.43% Up Year: Interest is credited, reduced by the spread (3% in this example) Here’s a hypothetical example of how the ML Strategic Balanced Index® Annual Point-to-Point works. Interest is calculated similarly to the S&P 500® Annual Point-to-Point account, except it has a spread rather than an index rate cap. Consider the first year in this hypothetical example, where the ML Strategic Balanced Index® annual percent change was 8.30%. To calculate the interest earned, you deduct the spread, which would give you a total of 5.30% for Year 1. In down years, such as Year 6, no interest would be credited due the Power of Zero. Please note that this example does not reflect the actual performance of the ML Strategic Balanced Index® or the current spread. Please see your agent for the current spread. While there is no cap on this account, please keep in mind that the performance of the ML Strategic Balanced Index® is reduced by a declared spread when determining your actual interest credited rate, and that the composition and risk-controlled nature of the ML Strategic Balanced Index® may dampen the upside potential of the Index’s performance. However, the interest credited rate will never be less than zero percent. For more information about this account, please refer to the Owner Acknowledgment and Disclosure Statement. Down Year: No interest is credited. Anniversary 1 The above example is hypothetical and intended only to show how the ML Strategic Balanced Index® Annual Point-to-Point Index Interest Account would perform in certain situations. Spreads are re-declared annually and may be higher or lower than the hypothetical 3.00% spread shown in this example. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Understanding the ML Strategic Balanced Index® 2-YEAR POINT-TO-POINT Index Interest Account Hypothetical example assumptions: $100,000 premium and 1% annualized spread (2% for 2-year term; reset at 1% every 2 years) ML Strategic Balanced Index Value ML Strategic Balanced 2-Year Percent Change Deduct the Annualized Spread Multiplied by Two (1.00% x 2 = 2.00%) Annual Interest Earned Date of Issue 1,000 Anniversary 1 1,083 Anniversary 2 1,144 14.40% 14.40% - 2.00% = 12.40% +12.40% Anniversary 3 1,092 Anniversary 4 1,200 4.90% 4.90% - 2.00% = 2.90% +2.90% Anniversary 5 1,256 Anniversary 6 1,125 -6.25% -6.25% - 2.00% = -8.25% 0.00% Up Year: Interest is credited, reduced by the annualized spread multiplied by two (2% in this example) The ML Strategic Balanced Index® 2-Year Point-to-Point Index Interest Account works in a similar way, except it has a 2-year index term and an annualized spread. This example assumes that the annualized spread is reset at 1.00% every two years (2% total for each 2-year term). Interest earned is based on the 2-year change in the Index. For Anniversary 2, the change is 14.40% ((1,144 – 1,000)/1,000). However, the interest is reduced by the annualized spread multiplied by two (14.40% - 2.00%) for a total interest of 12.40%. In a down year, like in Anniversary 6, no interest is credited due to the Power of Zero. Important Notes: Index interest credited on the ML Strategic Balanced Index® 2-Year Point-to-Point Index Interest Account is credited at the end of the 2-year term. As such, it is important to realize that positive index interest in one year of the 2-year period may be offset by negative index interest in the other year. 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 American General Life Insurance Company. While there is no cap on this account please keep in mind that the performance of the ML Strategic Balanced Index® is reduced by a declared spread when determining your actual interest credited rate, and that the composition and risk-controlled nature of the ML Strategic Balanced Index® may dampen the upside potential of the index’s performance. However, the interest credited rate will never be less than zero percent. Down Year: No interest is credited. The above example is hypothetical and intended only to show how the ML Strategic Balanced Index® 2-Year Point-to-Point Index Interest Account would perform in certain situations. Spreads are re-declared annually and may be higher or lower than the hypothetical 1.00% annualized spread shown in this example. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Lifetime Income: Generate Income That Can Rise and Last For Life Through its guaranteed living benefit rider, a Power Series Index Annuity can help you generate income that can rise and last for life. For agent use only. Not for dissemination to the public.

3 Ways LIFETIME INCOME PLUS® Can Add More Certainty to Your Retirement Income Strategy GUARANTEE a 7.0% Increase in Your Income Base every year for the first 10 contract years when no withdrawals are taken GUARANTEE Doubling of Retirement Income Potential when no withdrawals are taken before the 10th contract anniversary GUARANTEE Rising Income for the first 10 contract years, as long as withdrawals are taken within the rider’s terms There are three ways that the Lifetime Income Plus guaranteed living benefit rider can add more certainty to your retirement income strategy: First, Lifetime Income Plus can guarantee a 7.0% annual increase in your Income Base—the amount from which lifetime withdrawals under the rider are calculated—every year for the first 10 contract years when no withdrawals are taken. Second, your Income Base is guaranteed to DOUBLE to 200% of eligible premiums, when no withdrawals are taken before the 10th contract anniversary. The Income Base is not used in the calculation of the contract value or any other benefits under the contract, and cannot be withdrawn partially or in a lump sum. And third, Lifetime Income Plus allows you to “keep the difference” for guaranteed rising income, if withdrawals are taken in the first 10 contract years. Your partial income credit is equal to 7.0% minus the percentage of the Income Base withdrawn. The next few slides will show you how this works. Please note that guarantees are backed by the claims-paying ability of the issuing insurer. As previously mentioned, withdrawal rates may differ, depending on the owner’s age at the time of the first withdrawal and how many people are covered under the rider. In addition, please note that a Required Minimum Distribution (RMD) under a qualified contract is a withdrawal and, as such, will prevent the application of the Minimum Income Base if it occurs during the first 10 contract years. [Review the Key Terms and Definitions on the slide] Note: Guarantees are backed by the claims-paying ability of the issuing insurer. KEY TERMS AND DEFINITIONS Eligible premium: Premiums paid in the first 30 days of the contract. Income Base: The value on which guaranteed withdrawals are based; it is not used in the calculation of the contract value or any other benefits under the contract, and cannot be withdrawn partially or in a lump sum. The Income Base is initially equal to the first eligible premium. The Income Base is increased each time an eligible premium is made. It is also adjusted for excess withdrawals. On each contract anniversary, the Income Base is set to equal the greater of (1) the highest anniversary value, or (2) the current Income Base increased by any available income credit. Highest Anniversary Value: The contract value on a contract anniversary that is higher than all previous anniversary values.

1. GUARANTEE A 7.0% INCREASE in Your Income Base Every Year for the first 10 contract years when no withdrawals are taken Hypothetical example assumptions: Power Series Index Annuity with Lifetime Income Plus (Single Life), issue age 55, 7.0% annual income credit and no withdrawals. $7,000 Annual Income Credit No withdrawals in first 10 years $100,000 Eligible Premium (Initial Income Base) That’s $7,000 added to the Income Base every year for the first 10 years! Here’s an example of how Lifetime Income Plus guarantees that your Income Base will increase by 7.0% every year for the first 10 contract years. Let’s assume that a Power Series Index Annuity with the Lifetime Income Plus guaranteed living benefit rider (Single Life) is purchased with a premium of $100,000. Given no withdrawals in the first 10 years, the Income Base would increase by $7,000 ($100,000 x 7.0%) every year for the first 10 contract years. That’s a total of $70,000 added to the Income Base during this time! [Review the Key Terms and Definitions and note the following] Keep in mind, the Income Base is the amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not a liquidation value nor is it available as a lump sum. Note: This hypothetical example is provided for illustrative purposes only, is not an actual case and assumes no withdrawals in the first 10 contract years. The chart is intended solely to depict how Lifetime Income Plus might work and does not reflect the performance of any specific contract. KEY TERMS AND DEFINITIONS Income Base: The value on which guaranteed withdrawals are based. See definition on previous slide for more information. Income Credit: The amount that may be added to your Income Base each year. Income Credit Base: A component of the rider that is used solely to calculate the income credit. Initially, the Income Credit Base is equal to the first eligible premium. If the Income Base steps up to your anniversary value on a contract anniversary, your Income Credit Base will also step up to this amount. The Income Credit Base is not increased if your Income Base rises due to the addition of the income credit. The Income Credit Base is adjusted for excess withdrawals and is increased each time an eligible premium is made. Income Credit Period: The period of time over which an income credit may be added to the Income Base.

2. GUARANTEE DOUBLING of Your Retirement Income Potential when no withdrawals are taken during the first 10 contract years Hypothetical example assumptions: Power Series Index Annuity with Lifetime Income Plus (Single Life), issue age 55, no withdrawals taken in the first 10 contract years, 5% withdrawals beginning at age 65 $100,000 Initial Income Base (Eligible Premium) $200,000 Income Base After 10 Years $10,000 Guaranteed Income For Life The second way Lifetime Income Plus can provide certainty and help maximize retirement income is through doubling of your retirement income potential. This slide shows you how the doubling might work. Let’s assume that there’s a 55-year-old individual who plans to retire in 10 years and needs supplemental guaranteed income of $10,000 per year for life. Here’s what may happen when this 55-year-old puts a $100,000 premium into a Power Series Index Annuity with the Lifetime Income Plus guaranteed living benefit rider. The $100,000 premium becomes the initial Income Base, which increases to $200,000 on the 10th contract anniversary, when no withdrawals are taken. At age 65, this individual is able to take out 5% withdrawals, or $10,000 per year for life. That’s the equivalent of a 10% withdrawal from the $100,000 premium. This lifetime income is guaranteed, as long as withdrawals are taken under the terms of the rider. That’s the equivalent of a 10% withdrawal from the $100,000 premium! Note: This hypothetical example is provided for illustrative purposes only, is not an actual case and assumes no withdrawals before the 10th contract anniversary. The chart is intended solely to depict how Lifetime Income Plus might work and does not reflect the performance of any specific contract.

Partial Income Credit for Guaranteed 3. GUARANTEE RISING INCOME for the First 10 Contract Years when withdrawals are taken within the rider’s terms Hypothetical example assumptions: Power Series Index Annuity with Lifetime Income Plus (Single Life), issue age 65 and 5% withdrawals beginning at contract issue. 7.0% Income Credit 5.0% Withdrawal 2.0% Partial Income Credit for Guaranteed Rising Income The third way that Lifetime Income Plus adds certainty to your retirement income strategy is through guaranteed rising income. If you decide to take withdrawals during the income credit period (first 10 contract years), you’ll be able to “keep the difference” with a partial income credit for guaranteed rising income. The partial income credit is equal to 7.0% minus the percentage of the Income Base withdrawn, as long as withdrawals are taken within the rider’s terms. For example, if a 5% withdrawal is taken at age 65, the partial income credit would be 2.0% (7.0% minus 5%). That means, you can keep the difference for more income with a partial income credit of 2.0%, even after withdrawals begin. Please note that excess withdrawals will void any income credits and could reduce the Income Base. Please refer to the Owner Acknowledgment and Disclosure Statement for details. Keep the difference for more income for life with a partial income credit of 2.0%, even after withdrawals begin! Note: This hypothetical example is for illustrative purpose only and is not an actual case. It assumes Lifetime Income Plus (Single Life) is elected at contract issue at age 65 and that withdrawals taken within the rider’s terms begin immediately. Excess withdrawals will eliminate the income credit and can reduce the Income Base.

Plus, Lifetime Income Plus Offers GUARANTEED LIFETIME WITHDRAWALS of up to 5.5% per Year Help Secure More Income For Life (Maximum Annual Withdrawal Amount as a percentage of the Income Base) Age of Covered Person(s) at First Withdrawal One Covered Person (Single Life) Two Covered Persons (Joint Life) 72 and older 5.50% 5.00% 65 to 71 4.50% 60 to 64 3.75% 3.25% Plus, with Lifetime Income Plus, you can withdraw up to 5.50% per year for life. The maximum amount you can take out each year depends on your age at the time of the first withdrawal and whether one or two people are covered. [Review the information on the slide and note the following] The Maximum Annual Withdrawal Amount (MAWA) is based on the Income Base, the amount from which lifetime withdrawals and the rider fee are calculated, and generally ranges from 3.25% to 5.50%. When determining the withdrawal percentages for this rider, the MAWA is based on the age of the older individual if the contract is jointly owned with one covered person (Single Life), or the age of the younger individual if two people are covered (Joint Life). Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if you make withdrawals or surrender your annuity before age 59½. Consult your tax advisor regarding your specific situation. Keep in mind that withdrawals prior to age 60 and in excess of the MAWA are considered excess withdrawals and will reduce future income. See the Owner Acknowledgment and Disclosure Statement for more information. Note: Withdrawals taken prior to age 60 and in excess of the Maximum Annual Withdrawal Amount (MAWA) are considered excess withdrawals and will reduce future income. The MAWA is based on the age of the older individual if the contract is jointly owned with one covered person, or the age of the younger individual if two people are covered. Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if you make withdrawals or surrender your annuity before age 59½.

Client Profile: MEET JANE 60 years old; plans to retire in 5 years • • Objective Wants to increase her retirement income potential and help supplement her Social Security and pension checks Needs to grow her retirement income, even after withdrawals begin • • Solution Power Series Index Annuity with Lifetime Income Plus Now, let’s take a look at how Lifetime Income Plus may work for a specific individual. Meet Jane, a 60-year-old single woman who plans to retire in 5 years. Jane wants the opportunity to increase her retirement income potential. She is also looking for an additional source of guaranteed income to help supplement her Social Security benefits and pension. Plus, she needs to grow her retirement income, even after she starts taking withdrawals. Jane decides to use $100,000 of her savings to purchase a Power Series Index Annuity with the Lifetime Income Plus guaranteed living benefit rider. Note: This hypothetical example is provided for illustrative purposes only and is not an actual case.

Jane’s Retirement Income Is GUARANTEED TO INCREASE for 10 Years and Last For Life Hypothetical example assumptions: Power Series Index Annuity with Lifetime Income Plus (single life), issue age 60, $100,000 premium, 0% interest credited and 5% withdrawals at age 65 By electing Lifetime Income Plus for an annual fee, Jane can be confident that her Income Base will grow by 7.0% every year that withdrawals are not taken during the first 10 contract years. Plus, even after she begins 5% withdrawals in year 5, Jane can receive rising income of 2.0% per year for the next 5 years. Alternatively, if Jane’s situation was different and she decided not to take any withdrawals during the first 10 contract years, her Income Base would be guaranteed to DOUBLE on the 10th contract anniversary and she would be guaranteed $10,000 per year for life. Guarantees are backed by the claims-paying ability of the issuing insurance company. 10 Eligible premiums do not include income credits. Individuals should realize that any withdrawals taken during the contract’s first 10 years, including the 10th contract year, will void the opportunity to double the Income Base.

Jane’s Retirement Income Can Automatically Rise and Is PROTECTED FOR LIFE Hypothetical example assumptions: Power Series Index Annuity with Lifetime Income Plus (single life), issue age 60, $100,000 premium, 0% interest credited and 5% withdrawals at age 65 What’s more, Jane’s retirement income can automatically rise and is protected for life. In the year that she begins 5% withdrawals at age 65, Jane will receive $6,750 (5% of $135,000 Income Base), and this income will continue to grow. At age 70, Jane is guaranteed $7,250 per year for life (5% of $145,000)! Please note that the annual rider fee (0.95% of the Income Base) will reduce the value of the annuity contract, but not the Income Base or the annual guaranteed income from Lifetime Income Plus. This hypothetical example is not to scale. It is provided for illustrative purposes only, is not an actual case and assumes 0% interest earned in the contract and no withdrawals taken until year 6. The chart is intended solely to depict how Lifetime Income Plus (Single Life) might work and does not reflect the performance of any specific contract. This hypothetical example is not to scale. It is provided for illustrative purposes only, is not an actual case and assumes 0% interest credited under the contract and no withdrawals taken until year 6. The chart is intended solely to depict how Lifetime Income Plus (Single Life) might work and does not reflect the performance of any specific contract

Additional Product Details Power Series Index Annuity A Power Series Index Annuity offers additional benefits and features.

Power Series Index Annuity OTHER KEY FEATURES • • 1-year Fixed Interest Account Rate is set at contract issue, guaranteed for one year and subject to change annually • • Beneficiary Protection Beneficiary receives the greater of the annuity’s contract value or the Minimum Withdrawal Value (87.5% of premiums, less withdrawals, growing at an annual rate of 1% compounded daily)11 • • Free Withdrawals 10% of the contract value (as of the previous contract anniversary) after the first contract year No Free Withdrawals in the first contract year. State variations may apply Other key features of a Power Series Index Annuity include a 1-year fixed interest account. The rate for this account is set at contract issue, guaranteed for one year and subject to change annually. The minimum guaranteed interest rate is listed in the contract. A Power Series Index Annuity also offers beneficiary protection. Upon death of the owner, a beneficiary receives the greater of the annuity’s contract value or the Minimum Withdrawal Value, thereby avoiding the potential delays, hassles and expenses associated with probate. The Minimum Withdrawal Value guarantees that upon full surrender, payment of death benefit or annuitization, you or your beneficiaries will never receive less than 87.5% of premiums (reduced for withdrawals but not reduced for withdrawal charges or MVA), increasing at an annual rate of 1% compounded on a daily basis. In addition, a Power Series Index Annuity provides you with free access to your money. After the first contract year, you may withdraw up to 10% of your contract value (based on the previous contract anniversary value) without withdrawal charges or market value adjustments (MVAs). Withdrawals that do not qualify under the Free Withdrawal amount are subject to a withdrawal charge and MVA. An MVA may either increase or decrease the amount withdrawn, and is determined by a formula in the contract that reflects changes in the interest rate environment since the contract was issued. MVA may not be applicable in all states. With a guaranteed living benefit rider, you may take out up to the Maximum Annual Withdrawal Amount (MAWA) without any company-imposed charges. Keep in mind withdrawals in excess of the MAWA will reduce future income, even if they are Free Withdrawals. No Free Withdrawals are allowed in the first contract year (unless required by state law or taken under a guaranteed living benefit rider or as Required Minimum Distributions). For more information about Free Withdrawals, please see the Owner Acknowledgment and Disclosure Statement. 11 Minimum withdrawal value calculation may vary by state.

Power Series Index Annuity OTHER KEY FEATURES • • Access to Money in Times of Need or Illness12 Terminal illness rider Extended care rider Activities of daily living rider • • Withdrawal Charge Applies to amounts that exceed the 10% Free Withdrawal amount and declines over a range of 7-10 years, depending on the annuity selected13 With a Power Series Index Annuity, you can access your assets in times of need or illness. The withdrawal charge and MVA may be waived with respect to a withdrawal if the policy owner: Is diagnosed with a terminal illness: The Terminal Illness rider permits one partial or full withdrawal without withdrawal charge. The terminal illness must be diagnosed after the contract issue date by a qualified physician and supported by clinical, radiological or laboratory evidence. Has extended care needs: Extended care must begin at least one year after the contract issue date and is defined as treatment prescribed by a qualified physician and received while staying in a qualified institution for at least 90 consecutive days. The Extended Care rider terminates when the owner turns age 86. Requires assistance with activities of daily living: To utilize the Activities of Daily Living rider, an owner, after a 1-year deferral period, must be unable to perform at least 2 of 6 activities of daily living for 90 consecutive days or more. The 6 activities of daily living are bathing, continence, dressing, eating, toileting, and transferring. Please note that the riders are not available in all states. Also, withdrawal charges will apply to amounts that exceed the 10% Free Withdrawal amount. For a Power Series Index Annuity, the withdrawal charge schedule declines over a range of 7 to 10 years, depending on the annuity selected, and is generally based on a percentage of your contract value. For example, a 7-year withdrawal charge declines according to the following schedule: 8-7-6-5-4-3-2-0%. 12 Riders provide for waiver of withdrawal charges and any negative or positive Market Value Adjustments (MVA) under certain circumstances. Not available in all states. 13 Withdrawals are subject to income taxes and an additional early withdrawal tax when taken before age 59½. Withdrawals in excess of the Maximum Annual Withdrawal Amount will also reduce your future income under the rider, even if it is a Free Withdrawal. 29

Power Series Index Annuity OTHER KEY FEATURES • • Premium Requirements $25,000 initial minimum (qualified and non-qualified); no premiums permitted after the contract’s first 30 days14 Total premiums exceeding $1 million require prior company approval • • Issue Age Minimum is 50 for both owner and annuitant with Lifetime Income Plus Maximum ranges from 75-85 for both owner and annuitant, depending on which annuity is selected and whether or not Lifetime Income Plus is included In regard to premiums, there is an initial minimum of $25,000 (qualified and non-qualified). No premiums are permitted after the contract’s first 30 days. Premiums that would cause the total of all contracts issued to the same owner and/or annuitant to exceed $1 million require prior company approval. The minimum issue age for a Power Series Index Annuity with Lifetime Income Plus (both the owner and annuitant) is 50. The maximum issue age ranges from 75 to 85 for both owner and annuitant depending on which annuity is selected and whether or not Lifetime Income Plus is included. 14 In Oregon, a Power Series Index Annuity can only be issued as a single premium contract. No other premiums may be paid.

Provide Potentially MORE GROWTH and MORE INCOME for Your Retirement The Power Series of Index Annuities offer the opportunity to: • • PROTECT your principal from market downturns • • GROW your retirement assets with interest crediting strategies • • GUARANTEE more income for life with Lifetime Income Plus [Read the information on the slide and note the following] Lifetime Income Plus is available at contract issue with select Power Series index annuities for an annual fee of 0.95% of the Income Base. To receive guaranteed benefits, withdrawals must be taken according to the terms of the rider.

Thank you for your time! Thank you for your time. Now, before we end this presentation, I’d like to take a few minutes to read the additional important information about the Power Series of Index Annuities.

Additional Information Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims- paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be suitable or appropriate for all individuals. Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if you make withdrawals or surrender your annuity before age 59½. You should consult a tax advisor regarding your specific situation. Lifetime Income Plus is available at contract issue for an annual fee of 0.95% of the Income Base. Restrictions and limitations apply. Contract and living benefit guarantees are backed by the claims-paying ability of American General Life Insurance Company. The Income Base is adjusted for excess withdrawals and is increased each time an eligible premium and corresponding premium enhancement (if available) is made. On each contract anniversary, the Income Base can increase to the greater of 1) the anniversary value, if it is higher than all previous anniversary values; or 2) the Income Base plus any available income credit. On the 10th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of eligible premiums, excluding any premium enhancements) if no withdrawals have been taken from the contract. 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. [Please read the information on the slide]

Additional Information The ML Strategic Balanced Index® provides systematic, rules-based access to the blended performance of 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 these two underlying indices. 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 American General Life Insurance Company (AGL). AGL’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 AGL’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 AGL 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. [Please read the information on the slide]

Additional Information This material was prepared to support the marketing of a Power Series Index Annuity. Please keep in mind that AGL and its 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. You should seek the advice of an independent tax advisor or attorney for more complete information concerning your particular circumstances and any tax statements made in this material. Annuities are issued by American General Life Insurance Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019. Power Series Index Annuity Modified Single Premium Deferred Fixed Index Annuity (Single Premium Only in Oregon), Contract Numbers AG-800 (12/12) and AG-801 (12/12). AGL is a member of American International Group, Inc. (AIG), a leading international insurance organization serving customers in more than 100 countries and jurisdictions. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by AGL are its responsibility. AGL does not solicit business in the state of New York. Annuities and riders may vary by state and are not available in all states. Not FDIC or NCUA/NCUSIF Insured May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency © American International Group, Inc. All rights reserved. I5429CP1.2 (01/17) [Please read the information on the slide]