POLICIES ISSUED BY AMERICAN GENERAL LIFE INSURANCE COMPANY ("AGL“) Accelerated Access Solution (AAS) Additional Chronic Illness Coverage The Accelerated Access Solution (AAS) rider provides valuable protection for your clients if they are diagnosed as chronically ill. Lets take a look at how the rider works. Presented by… Trevor Keeble Director of Product Training POLICIES ISSUED BY AMERICAN GENERAL LIFE INSURANCE COMPANY ("AGL“)

Accelerated Access Solution Details What is it? -Paid chronic illness rider -Available on certain permanent policies How does it work? -Dollar-for-dollar acceleration -Client always knows the benefit amount How much? -Accelerate 100% of death benefit -$3 million maximum Underwriting details -Table D max UW class -Not available with a flat extra. First, this is an additional, paid chronic illness benefit that is available on certain permanent policies. AAS provides a dollar-for-dollar acceleration which means the client always knows the benefit amount they are going to receive if they are diagnosed with a chronic illness. The rider allows the client to accelerate 100% of their death benefit, up to $3 million. Finally, the rider is available for clients rated Table D or better and is not available with a flat extra. **Flat extra is an additional UW rating that can be applied to any rate classification. If it is assessed against a client they are not able to buy the AAS rider.

Accelerated Access Solution (AAS) 101(g) No LTC license necessary 2-out-of-6 ADLs; or Severe Cognitive Impairment Not expected to be Permanent Indemnity Benefit No Receipts Spend benefits on anything Flexible Benefit Base Benefit = 50% up to 100% of Death Benefit $50,000 minimum up to $3,000,000 maximum Full waiver of monthly deductions Let’s look at some of the benefits of the Accelerated Access Solution. It was filed as a rider under IRC section 101(g). That means that no LTC license is necessary to sell it. Also, it means the definition for acceleration is for the client to be unable to perform 2 out of 6 activities of daily living (ADLS) or suffer from severe cognitive impairment. The condition also does not need to be expected to be permanent in order to qualify for the death benefit acceleration. AAS is an Indemnity benefit. That means the client does not have to provide receipts to receive the acceleration or wait to be reimbursed for their medical expenses. In fact, they can spend the benefit payout on whatever they see fit. The rider provides a flexible benefit base. The client is able to choose all of their death benefit (up to the $3 million maximum) or as little as 50% of their death benefit ($50,000 minimum) to allocate towards the AAS benefit. Any percentage between 50-100% can be chosen, but the client must choose when the policy is issued. Finally, AAS provides a FULL waiver of monthly deductions. With the rider, if the client becomes chronically ill and begins their death benefit acceleration we will waive the full monthly deductions inside of their policy for the entire length of time they are on claim. It is a full waiver of deductions, even if the client elected a benefit base of less than 100%. 3

Accelerated Access Solution (AAS) Flexible Monthly Benefit 1. IRS Per Diem capped at 2% per month 2. IRS Per Diem capped at 4% per month 3. IRS Per Diem with No Cap! In addition to choosing how much of the policy death benefit to allocate towards the rider, the client also chooses between one of the 3 monthly benefit options to receive the benefits should they become chronically ill. The client can choose to receive 2% or 4% of their death benefit per month. These options may also be limited by the IRS Per Diem amount. The IRS caps the amount of monthly benefit the client can receive from these types of riders. So, if they choose either of these 2 options, they will receive the lesser of 2% or 4% of their DB per month or the IRS Per Diem at the time they go on claim. Or they may choose a unique option, IRS Per Diem with no cap! This payout option is not limited to 2 or 4% of the death benefit. Rather, the client will receive whatever the IRS Per Diem is when they go on claim. Remember, the client must choose between these 3 payout options at policy issue. We often get asked how to know which payout option to choose. While there is generally no right or wrong answer a general rule of thumb is that for policy death benefits $500k or below, the No Cap Per Diem payout option may be more attractive. On larger face amount policies it could take the IRS Per Diem too long to surpass what the 2 or 4% of the death benefit would be. IRS caps the maximum per diem limitation excludable from taxable income each year. The 2019 maximum is $370/day or $11,254/month. Subsequent years may be higher. 4

Benefits of Accelerated Access Solution Inflation hedge against future costs Purchase more than today’s Per Diem limit Many products won’t allow it Provides inflation protection with a maximum monthly benefit cap 4% Cap 4% of $300,000 = $12,000 per month Go on-claim: in 2019 and collect $11,254 per month in the future when Per Diem = $15,000 per month and collect $12,000 per month Per Diem $300,000 AAS benefit Maximum monthly benefit: $25,000 per month For clarification, here are a few more examples. With Accelerated Access Solution you can actually purchase more than today’s Per Diem limit. Because we allow you to purchase an aggregate amount and a monthly benefit amount in excess of the current Per Diem, the outcome is very simple. At lower Per Diem amounts you get less per month, but for more months. At higher Per Diem amounts you get more per month, but for fewer months. Let’s look at another example using a 4% cap. If you purchased a $300,000 Accelerated Access Solution benefit, your maximum monthly benefit would be $12,000. Accelerating $12,000 per month would be able to continue for 25 months ($300,000 ÷ 12 = 25) If you went on-claim in 2018 you’ wouldn’t receive the entire $12,000 per month. The IRS Per Diem would limit you to $10,950 per month, which would last for 27 months. And, if you went on claim when the IRS Per Diem was $15,000, American General would limit your monthly benefit to your capped amount of $12,000 per month. Lastly, if you did not choose a 2% or 4% cap, then your maximum monthly benefit is your total benefit divided by 12. In this example, $300,000 ÷ 12 = $25,000 per month. Naturally, if the Per Diem amount is less than $25,000 per month, you’ll receive the Per Diem in effect when you began your claim. 5

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. 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. 6

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 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 7

Disclosures Applicable to Critical Illness, Chronic Illness, and Terminal Illness Accelerated Death Benefit Riders (1) When filing a claim for Qualifying Critical Illness under a Critical Illness Accelerated Death Benefit Rider, for Qualifying Chronic Illness under a Chronic Illness Accelerated Death Benefit Rider or for Qualifying Terminal Illness under a Terminal Illness Accelerated Death Benefit Rider, the claimant must provide to the Company a completed claim form and then-current Certification which must be received at its Administrative Center. (2) If a benefit under the Critical Illness Accelerated Death Benefit Rider is payable, the Company will provide the Owner with one (1) opportunity to elect a Critical Illness Accelerated Benefit Amount as to the occurrence of the Qualifying Critical Illness in question. To make such an election, the Owner must complete an election form and return it to AGL within the Election Period set forth in the rider (i.e., within 60 days of the owner’s receipt of the election form). The Company will not provide a later opportunity to elect a Critical Illness Accelerated Benefit Amount under a Policy as to the same occurrence of a Qualifying Critical Illness. (3) If a benefit under the Chronic Illness Accelerated Death Benefit Rider or under the Terminal Illness Accelerated Death Benefit Rider is payable, the Company will provide the Owner with an opportunity to elect a Chronic Illness Accelerated Benefit Amount as to the Qualifying Chronic Illness in question or to elect a Terminal Illness Accelerated Death Benefit Amount as to the Qualifying Terminal Illness in question, as applicable. To make an election, the Owner must complete an election form and return it to AGL within 60 days of the Owner’s receipt of the election form. (4) Under certain circumstances where an insured’s mortality (i.e., our expectation of the insured’s life expectancy) is not significantly changed by a Qualifying Critical Illness or a Qualifying Chronic Illness and, notwithstanding the Minimum Accelerated Benefit Amount provision, the accelerated benefit may be zero. (5) The failure to provide a required election form (with the requested attachments) within the Election Period provided by the applicable rider (i.e., within 60 days of the owner’s receipt of the election form) may preclude payment of a benefit. (6) Benefits payable under an accelerated death benefit rider may be taxable. Neither American General Life Insurance Company nor any agent representing it is authorized to give legal or tax advice. Please consult a qualified legal or tax advisor regarding questions concerning the information and concepts contained in this material. (7) Generally, we will send you an IRS Form 1099-LTC if you receive an accelerated death benefit on account of a Chronic Illness or a Terminal Illness. We will send you an IRS Form 1099-R if you receive an accelerated death benefit on account of a Critical Illness. The sum that will be included in Box 2 (Accelerated death benefits paid) of IRS Form 1099-LTC or in Box 1 (Gross distribution) of IRS Form 1099-R will be the actual sum you received by check or otherwise minus any refund of premium and/or loan interest included with our benefit payment plus any unpaid but due policy premium, if applicable, and/or pro rata amount of any loan balance. (8) The maximum amount of life insurance death benefits that may be accelerated as to an Insured Person under all accelerated benefit riders is the lesser of the existing amount of such death benefits or a lifetime maximum of $2,000,000. (9) See your policy for details. Policies issued by American General Life Insurance Company (AGL), Rider Form Numbers 15600, ICC15-15600, 13600-5, 15603, ICC15-15603, and AGLA 04CHIR-CA (0514). Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). Guarantees are backed by the claims- paying ability of the issuing insurance company. 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. © 2018 AIG. All rights reserved Read slide AGLC 111757

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