Life Insurance with Living Benefits Products issued by National Life Insurance Company | Life Insurance of the Southwest National Life Group is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX and their affiliates. Each company of NL Group is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York TC80406(0614)3 For Agent Use Only – Not For Use With The Public

What is it? Living benefits Life Insurance You Don’t Have To Die To Use TC80407(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Statistics Don’t Lie Every 29 seconds someone suffers a coronary event 1 Every 45 seconds someone will have a stroke 1 People who reach age 60 have a 40% change of entering a nursing home 2 What are the chances of experiencing one of these events? 1.American Heart Association, American Stroke Association, Heart Disease and Stroke Statistics, 2012 update 2.Medicare, US Dept. of Health and Human Services, 2012 TC80408(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Leverage the power of ABRs in the event of a qualifying… Terminal Illness Chronic Illness Critical Illness Accelerated Benefit Riders are optional and may not be available in all states or on all products. Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. TC80409(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits Life Insurance With Accelerated Benefits Riders

Things to Consider About Accelerated Benefits Riders Product Availability State Availability Table Ratings ABR’s are available at issue at no additional cost! Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client has a need for life insurance. TC80409(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Accelerated Benefits Riders Terminal Illness Death in two years* Lump-sum distribution (discounted from death benefit) Funds can be used at your discretion Chronic Illness Unable to perform two of six Activities of Daily Living or cognitive impairment* Waiting period* Critical Illness* Heart attack Stroke Cancer End state renal failure Major organ transplant ALS (Lou Gehrig’s disease) Blindness *state specials apply – check your policy form for state specific information. Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80411(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits Available on National Life and LSW Policies

Life Insurance With Accelerated Benefit Riders Terminal Illness Death in two years Lump-sum distribution (discounted from death benefit) Funds can be used at your discretion Insured must be diagnosed by a physician with a terminal illness. Generally the condition must be expected to result in death within 24 months, but this may vary slightly by state. The client can accelerate all or a portion of the discounted death benefit and the benefit is received in a lump sum Benefits can be used for anything Maximum lifetime benefit is $1,500,000 Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80412(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Assumptions: Male Age 45, Standard N/S; N/T $500,000 Death Benefit $9,174 Premium FlexLife; Basic Strategy –4.75% –100% P-tP Cap –Focus 8.10% –Benefit Summary Age 65 $431,629 at Age 65 Based on nonguaranteed assumptions. Actual values may be higher or lower than shown. Life Insurance With Accelerated Benefit Riders Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80413(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits Example of Terminal Illness Benefit

A Licensed Health Care Practitioner must certify that within the last 12 months, the insured, for a period of 90 consecutive days, could not perform two out of six Activities of Daily Living (ADLs); Or required substantial supervision to protect oneself from threats to health and safety due to Severe Cognitive impairment. Maximum lifetime benefit is $1,500,000 *state specials apply – check your policy form for state specific information. Chronic Illness Unable to perform two of six Activities of Daily Living or cognitive impairment Waiting period* Life Insurance With Accelerated Benefit Riders Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80414(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Assumptions Male Age 45, Standard N/S; N/T $500,000 Death Benefit $9,174 Premium FlexLife; Basic Strategy –4.75% –100% P-tP Cap –Focus 8.10% Monthly Basis $7,338 Lump Sum Benefit $366,922 Based on nonguaranteed assumptions. Actual values may be higher or lower than shown. Life Insurance With Accelerated Benefit Riders Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80415(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits Example of Chronic Illness Benefit

To qualify for Critical Illness, the insured must have or have had one of the listed conditions Waiting period*: –90 Days for NL –30 Days for LSW Maximum lifetime benefit is $1,000,000 Critical Illness Qualifying Conditions* Heart attack Stroke Cancer End state renal failure Major organ transplant ALS (Lou Gehrig’s disease) Blindness *state specials apply – check your policy form for state specific information. Life Insurance With Accelerated Benefit Riders Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80416(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Assumptions: Male Age 45, Standard N/S; N/T $500,000 Death Benefit $9,174 Premium FlexLife; Basic Strategy –4.75% –100% P-tP Cap –Focus 8.10% $409,469 Category 4 Life Threatening Based on nonguaranteed assumptions. Actual values may be higher or lower than shown. Life Insurance With Accelerated Benefit Riders Receipt of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your client’s eligibility for public assistance programs. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client as a need for life insurance. TC80417(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits Example of Critical Illness Benefit

How does it work? Why should you care? Life Insurance With The Lifetime Income Benefit Rider What is it? TC80418(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Tax-Free Income For Life! Benefit payments will continue as fixed Net Cost loans. Because policy loans are tax-free, once qualifications are met, LIBR payments are guaranteed to continue tax-free for life. Living Benefits The Lifetime Income Benefit Rider provides a benefit for the life of the insured if certain conditions are met, including but not limited to the insured’s attained age being between 60 and 85, and that the policy has been inforce at least 10 years (15 years for LSW SecurePlus Provider). Insufficient policy values or outstanding policy loans may also restrict exercising the rider. Exercising the rider and receiving an income benefit will reduce the policy’s cash value and death benefit and may terminate other riders or reduce their benefits. Except in the case of a Modified Endowment Contract (MEC), withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. All benefit payments will be taxable on MECs. TC80420(0614)3 For Agent Use Only – Not For Use With The Public Life Insurance With The Lifetime Income Benefit Rider

1 Assumes Non-MEC Policy How It Works Living Benefits Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client has a need for life insurance. TC80421(0614)3 For Agent Use Only – Not For Use With The Public Life Insurance With The Lifetime Income Benefit Rider

Level Income Option For Agent Use Only – Not For Use With The Public Living Benefits

Increasing Income Option For Agent Use Only – Not For Use With The Public Living Benefits

No policy charge until rider is elected. Once benefit payments begin – guaranteed for life. No additional premium payments allowed once elected. No policy loans or withdrawals allowed once elected. Available on both death benefit options A and B Income payment modes available: A, S, Q, M Life Insurance With The Lifetime Income Benefit Rider TC80422(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

Must be between ages 60 to 85. Minimum waiting period: –10 policy years. –15 for LSW SecurePlus Provider. Must meet maximum death benefit ratio. Modal income payment must be ≥ $100. Outstanding policy loans must be repaid in full. Policy cannot be owned by a qualified pension or profit sharing plan at time of income election. Exercising the rider may terminate other riders, or reduce their benefits. Life Insurance With The Lifetime Income Benefit Rider TC80423(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

No rider charge deducted Premium payments Increases / Decreases Loans and Withdrawals Guaranteed if: No face amount increases No partial withdrawals No loans Living Benefits Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless the client has a need for life insurance. TC80426(0614)3 For Agent Use Only – Not For Use With The Public Life Insurance With The Lifetime Income Benefit Rider

Training Materials TC80428(0614)3 For Agent Use Only – Not For Use With The Public Living Benefits

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