1. Secure Lifetime GUL 3
Secure Lifetime GUL 3 delivers guaranteed protection.
Policies issued by American General Life Insurance Company (AGL), Houston, TX, and The United States Life Insurance Company
in the City of New York (US Life), members of American International Group, Inc. (AIG)
Clients have always loved the concept of certainty. In today’s world, they may appreciate it even more. Certainty for their families and businesses. Certainty for themselves. Certainty in the face of volatile markets and changing needs.
Certainty is the concept behind guaranteed universal life insurance. But these days, with many carriers dropping out of the market, even that certainty can be hard to find. Until now.
Secure Lifetime GUL 3 provides the long-term guarantees that clients are asking for. It’s a new class of GUL with a unique combination of features and benefits. And it’s designed to provide your clients with security and peace of mind – whether they die too soon, live too long or get sick along the way.
Let’s explore this exciting new product solution from American General Life!

2. 1Net of partial withdrawals and outstanding loans.
Features & Pricing
Competitive pricing – especially for clients age 55 & up
Even in this low interest rate environment AIG remains committed to the Guaranteed Universal Life (GUL) market and continues to offer competitive premiums, targets and guarantees especially when guaranteeing to ages between 100 and 110. Its greatest premium strength is in continuous-pay and 10-pay scenarios performing best for issue ages 55 and older.
Return of Premium (ROP) enhancements –
2 ROP opportunities (via the Enhanced Surrender Value rider) are automatically included in the policy2
1Net of partial withdrawals and outstanding loans.
Competitive pricing – especially for clients age 55 & up
Even in this low interest rate environment AIG remains committed to the Guaranteed Universal Life (GUL) market and continues to offer competitive premiums, targets and guarantees especially when guaranteeing to ages between 100 and 110. Its greatest premium strength is in continuous-pay and 10-pay scenarios performing best for issue ages 55 and older.
Return of Premium (ROP) enhancements –
2 ROP opportunities (via the Enhanced Surrender Value rider) are automatically included in the policy2

3. Our commitment to your clients is stronger than ever before!
GUARANTEED
Death Benefit
Premium
Cash Value Accumulation
Access to Values
Living Benefits
Our commitment to your clients is stronger than ever before!

4. Standard Non Tobacco Includes Table B!
Product Specifications
Product Highlights
Minimum Death Benefit
$100,000
Issue Ages
18-80
Underwriting Classifications
Preferred Plus Non Tobacco
Preferred Non Tobacco
Preferred Tobacco
Standard Tobacco
Standard Non Tobacco
Special (Substandard) Non Tobacco
Special (Substandard)Tobacco
Death Benefit Option
Option 1 (Level Death Benefit)
Standard Non Tobacco Includes Table B!
Read Slide
Issue ages are calculated by age nearest birthday.
Free look provision is 10 days.
We have improved our standard non tobacco rates and removed the Standard Plus Non-tobacco classification!

5. Product Specifications
Product Highlights
Monthly Deductions and Premium Load
Monthly expense charge per $1,000 of specified amount
Current charge of 20% of all premiums (maximum 20%)
Monthly Administration Charge
Current charge of $10.00 with a maximum of $20.00
Surrender Charges
Decreasing 14-year surrender charge schedule
Interest Rate
Guaranteed interest rate 2% all years
Endowment Benefit
Age 121
Read Slide

6. Customer Friendly Processing
Premiums received within one month of a Monthly Deduction Day (up to but not including the next monthiversary), will be applied to each account as if the premium were received on the Monthly Deduction Day.
If the source of the premium is from a 1035 External Rollover the period is extended to 12 months.
Read Slide

7. Product Specifications
Product Highlights
Loans1
Variable interest rate which depends in part on the performance of the Moody’s Corporate Bond Yield Average – Monthly Average
Preferred Loans1
Available after 10 policy years
Credited rate currently equals loan rate
Loan amount restricted to policy earnings
Withdrawals1,2
(Partial Withdrawals)
Allowed after 5th policy year, a partial withdrawal of the cash value will result in a proportional reduction of accumulation value, specified amount, and Continuation Guarantee account values
1 Policy loans and partial withdrawals will reduce the death benefit and cash value and could reduce the duration of coverage. Partial withdrawals may be taxed as regular earnings. The policy owner should consult a tax advisor to determine the effect of these provisions.
2 The reduction in specified amount will be subject to the same guidelines and restrictions as outlined in the policy from and resulting death benefit amount must be no less than $90,000.
Variable Interest Rate Loans
The policy contract will have a provision permitting an adjustable maximum interest rate charged on a policy loan which will be established from time to time as permitted by law. The rate shall not exceed the higher of the following:
The ‘published monthly average’ for the calendar month ending two (2) months before the date on which the rate is determined; or
The rate used to compute the cash surrender values under the policy during the applicable period plus one percent per annum
The published monthly average means: The Moody’s Corporate Bond Yield Average – Monthly Average Corporates as published by Moody’s Investors Service, Inc. or any successor thereto; or in the event that Moody’s Corporate Bond Yield Average – Monthly Average Corporates is no longer published, a substantially similar average, established by regulation issued by the commissioner.
The policy contract shall contain a provision setting forth the frequency at which the maximum rate is to be determined for that policy. The maximum Rate for each policy must be determined at regular intervals at least one every 12 months, but not more frequently than once in any 3 month period. (The specified frequency will be quarterly). At the intervals specified in the policy:
The rate being charged may be increased whenever an increase determined by the ‘published monthly average method’ would increase that rate by ½% or more per annum;
The rate charged must be reduced whenever a reduction as determined under ‘published monthly average method’ would decrease that rate by ½% or more per annum
Preferred Loans:
Preferred Loans are available after ten policy years but are restricted to policy earnings, which is the excess of the Accumulation Value less Surrender Charge less outstanding loans at the beginning of the year less the sum of premiums paid over Partial Withdrawals. The amount eligible for a Preferred Loan is determined at the beginning of each policy year and does not change during that year. Interest credited to the amount of the Accumulation Value offset by a preferred loan will be at an annual effective rate of 3.00%. The policy loan annual effective interest rate we charge will be between 3.0% and 3.25% (which is equivalent to 2.91% or 3.15% paid in advance). The net cost to the policyholder is reduced to zero since the credited rate is equal to the loan rate. Policy loans are capitalized so that interest is credited on the loan interest at the same rate as the associated policy loan.

8. Male, age 65, PNT, guaranteed to 1051
Secure Lifetime GUL 3
Flexibility & Choice
Male, age 65, PNT, guaranteed to 1051
Guarantee Period
Face
$1M, guaranteed to 105
Annual Premium2
$21,399
Guaranteed Cash at 85
$112,569
Face
$500,002 guaranteed to 105
Annual Premium
$15,198
Guaranteed Cash at 853
$62,146
50% Withdrawal at 85: $56,284
Unique Partial Withdrawal Capability Allows You To Access Cash and Preserve Death Benefit Guarantee
Not an actual case. Presented for illustrative purposes only.
Quote dated 04/16/2018
The reduction in specified amount will be subject to the same guidelines and restrictions as outlined in the policy. The resulting remaining death benefit amount must be no less than $50,000.
Here’s an example of how AG Secure Lifetime’s unique partial withdrawal feature allows your clients to access cash while preserving their death benefit guarantee. In this example, a male, age 65, SNT, $1M death benefit guaranteed to age 105 will pay an annual premium of $21,397.
At age 85, the policy has accumulated $138,974 of guaranteed cash. Due to life circumstances, the policy owner chooses to withdrawal 50% of the cash value – or $69,486 – at age 85. The guaranteed death benefit reduces proportionally to $500K, the annual premium reduces proportionally to $11,356 and the guaranteed cash value reduces dollar-for-dollar to $77,683.
The guaranteed death benefit after a withdrawal is unmatched in the marketplace.

9. Available Riders Riders Accidental Death Benefit
Children’s Insurance Benefit Rider
Enhanced Surrender Value Rider
Accelerated Access Solution
Lifestyle Income Solution
Spouse/Other Insured Term Rider
Waiver of Monthly Deduction Rider
Accidental Death Benefit
Provides an additional death benefit if death is accidental
Double Accidental Death Benefit is paid if the death is sustained while a fare-paying passenger on a licensed public conveyance
Minimum: $25,000/Maximum: The lesser of $200,000 or the initial sum insured under the policy
Children’s Insurance Benefit Rider
Provides term insurance on the base insured’s dependent children—up to but not including age 25; Minimum: $1,000/Maximum: $10,000
Enhanced Surrender Value Rider
Return of premium rider provides a one-time option for surrender, during the 60-day period following the end of policy years 20 or 25
The amount of cash surrender value is 50% of the total premium paid at the end of year 20, or 100% of total premium paid at the end of year 25, net of partial withdrawals and outstanding loans. These benefits are capped at 40% of the lowest Specified Amount in the policy.
Accelerated Access Solution
Multiple benefit payment options - three options available including an IRS maximum per diem amount which provides a form of inflation
protection for the policy owner’s benefit
–– IRS maximum per diem (IRS caps the maximum daily rate each year—2019 maximum is $370)
–– 2% of AAS benefit per month
–– 4% of the AAS benefit per month
This rider must be issued in conjunction with the Terminal Illness rider in states where both are approved.
Lifestyle Income Solution
Premium-paying rider provides guaranteed withdrawal benefits (regardless of the cash surrender value under the policy)
Begins on the initial election date for withdrawal benefits and on each month thereafter
Minimum specified amount $64,241 (Set so that someone with a 100% Basis that initiates the guaranteed benefit at age 85
with a Withdrawal Benefit Factor of 1 can have a $500 payment.) Maximum specified amount $10,000,000 (Assuming no other coverage in force)
Minimum eligibility Period for the rider is 15 years.
Spouse/Other Insured Term Rider
Provides level term insurance on the insured’s spouse
Minimum: $10,000/Maximum: Two times the base policy
Terminal Illness Rider
Provides an accelerated death benefit (living benefit) when the insured is diagnosed with a terminal illness (12 months or less to live)
One-time acceleration benefit of up to 50% of the base policy death benefit (less policy loans and excluding riders)
Maximum: $250,000
Subject to an administrative fee
Some states require a signed disclosure form at time of application
Waiver of Monthly Deduction Rider
Waives the monthly deduction while the insured is disabled after six months of disability
Premiums are based on the insured’s attained age
Rider not available for face amounts greater than $5 million

10. Guaranteed Return of Premium (ROP) Enhanced Surrender Value Rider
If your clients’ needs change or they no longer need coverage, the new Enhanced Surrender Value Rider provides two options for surrendering the policy and recouping paid premiums – 50 percent in year 20 or 100 percent in year 25.
The Enhanced Surrender Value (“ROP”) is capped at 40% of specified face amount; for example, the benefit under a policy with a $1,000,000 specified amount could never be greater than $400,000.
If your clients’ needs change or they no longer need coverage, the new Enhanced Surrender Value Rider provides two options for surrendering the policy and recouping paid premiums – 50 percent in year 20 or 100 percent in year 25.
The Enhanced Surrender Value (“ROP”) is capped at 40% of specified face amount; for example, the benefit under a policy with a $1,000,000 specified amount could never be greater than $400,000.
The option to surrender the policy for its Enhanced Surrender Value rider must be exercised, if at all, during one of the 60-day periods following Policy Year 20 and Policy Year 25.
Payment of the Enhanced Surrender Value assumes that all premiums are paid. The Enhanced Surrender Value is less any partial surrenders and outstanding loans.
The Enhanced Surrender Value will not be paid in addition to the policy’s Cash Surrender Value.
Termination: This rider will terminate on the earliest of the following:
The date the policy terminates; or
The date the policy continuation guarantee (CG) account value on the last day of a policy year is less than or equal to the CG Threshold Value described in the policy; multiplied by the Termination Percentage shown on the Rider Schedule (80%)
There is no charge for this rider and will automatically be attached to every policy issued and it cannot be terminated by policyowner’s request.
If this rider terminates it cannot be reinstated.

11. Quotation Example
Highlight how the illustration displays the 2 ROP options.
Quote dated 04/16/2018

12. Life Insurance You Don’t Have to Die to Use
What if the client outlives their savings or gets sick along the way?
In addition to the base policy guarantees, SecureLifetime 3 offers two riders that provide significant guaranteed benefits while the policyowner/insured is still living. That’s right! They can be beneficiaries of their own policies. This is truly life insurance you don’t have to die to use. Whether you die too soon, get sick along the way or live too long. Let’s explore these two riders….
Not only does the SecureLifetime 3 policy provide death-benefit protection, it also offers living benefits by helping to protect against the financial risk of becoming chronically ill or living longer than you expected. Asset Protector, which includes the Accelerated Access Solution (AAS) and Lifestyle Income Solution (LIS), is a set of riders that can help protect against the unexpected expenses that may arise from chronic illnesses and help preserve the client’s standard-of-living throughout retirement.
You may choose the Asset Protector bundle or either individual living benefit rider separately.
Any benefit paid under one of the riders reduces the benefit available under the other rider or available as a death benefit. If the insured dies, there will be no additional AAS or LIS benefit available. If any AAS or LIS benefit is paid, the death benefit will be reduced by $1 for every $1 of benefits paid.

13. Accelerated Access Solution*
101(g)
No LTC license necessary
2-out-of-6 ADLs; or Severe Cognitive Impairment
No Longer Required 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
Maximum UW classification is Table D. Not available with a flat extra.
Let’s look at some of the benefits of the Accelerated Access Solution.
Accelerated Access was filed as a rider under IRC section 101(g). That primarily means that:
No LTC license is required for you to be able to sell the Accelerated Access Solution as part of an AG Secure Lifetime GUL II policy. Your Life Insurance and Accident & Health licensing is all that’s necessary from a licensing standpoint.
It also means that the primary triggers for Chronic Illness benefits are either (1) inability to perform 2-out-of-6 Activities of Daily Living (ADL’s); or (2) severe cognitive impairment.
The benefit was filed as an Indemnity benefit. That’s completely different than the alternative – the Reimbursement benefit. With Reimbursement, you must file a claim and provide copies of all invoices. Your claim is reviewed and, eventually, you receive a reimbursement in an amount the insurance company deems appropriate based on your receipts. With American General Life’s Indemnity version, you don’t need to provide an receipts or file any claims regarding your treatments. American General Life will send your benefit checks every month, regardless of whether you’ve incurred any costs at all, and regardless of what those costs were. You meet the criteria for ADLs or severe cognitive impairment, file your claim and satisfy the 90-day waiting period, and American General Life begins sending the checks. 13

14. Flexible Monthly Benefit
Accelerated Access Solution (AAS)
Flexible Monthly Benefit
IRS Per Diem capped at 2% per month
IRS Per Diem capped at 4% per month
IRS Per Diem with No Cap!
Max. Monthly Benefit = Total Benefit ÷ 12 months
The 8.3% Option!
IRS caps the maximum daily rate each year. The 2019 maximum is $370/day or $11,254/month. Subsequent years may be higher.
$300,000 DB x 2% = $6,000 per month
$300,000 DB x 4% = $12,000 per month
$300,000 DB ÷ 12 = $25,000 per month = 8.33% per month!
*Maximum monthly benefits limited to IRS per diem in effect at time of claim
Monthly benefit: American General Life will always pay up to the maximum IRS monthly Per Diem benefit, but you have a choice of three different caps on the maximum monthly benefit American General Life will pay.
2% of the AAS Benefit Base. With this option, if you had an Accelerated Access Solution aggregate benefit of $500,000, your monthly maximum benefit would be the lesser of: (a) the IRS monthly Per Diem; or (b) $10,000 per month.
4% of the AAS Benefit Base. With this option, if you had an Accelerated Access Solution aggregate benefit of $500,000, your monthly maximum benefit would be the lesser of: (a) the IRS monthly Per Diem; or (b) $20,000 per month.
If you don’t choose to cap your monthly benefit at 2% or 4%, and assuming the same aggregate $500,000 Accelerated Access Solution benefit, the maximum monthly benefit will be the lesser of: (a) the IRS monthly Per Diem; or (b) $500,000 divided by 12 months = $41,666 per month.
So, choose your aggregate benefit, and your monthly cap, and you’ll be ready to go! 14

15. 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 – example:
4% of $300,000 = $12,000 per month
Go on-claim in 2019: Collect $11,254 per month
Go on-claim in the future when Per Diem = $15,000 per month: Collect $12,000 per month
Per Diem – example:
$300,000 AAS benefit
Maximum monthly benefit: $300,000 = $15,000 per month
For clarification, here are a few more examples.
With Accelerated Access Solution you can actually purchase more than today’s Per Diem limit.
There are products on the market that won’t let you purchase a benefit in excess of the current year’s Per Diem limit, which means your benefit will never go up, regardless of an increasing, inflation adjusted Per Diem.
Because AIG allows 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 2016 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 30 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.
*Maximum monthly benefits limited to IRS per diem in effect at time of claim 15

16. Lifestyle Income Solution: Longevity Insurance
Lifestyle Income Solution (LIS)
Lifestyle Income Solution: Longevity Insurance
Accelerate up to 10% of DB per year
Primary requirement: Live to age 85
Tax-free up to basis; ordinary income after
Choosing to exercise rights under the lifestyle income solution can impact cash available under the accelerated access solution.
Please speak with your American General Life Insurance company representative for more information.
The Lifestyle Income Solution: provides a type of longevity insurance. With this rider the insured/policyowner has the ability to accelerate up to 10% of their death benefit per year. The primary requirements is that they live to age 85. It is a tax free return of their cost basis “100% ROP” and the rest is taxed as ordinary income.
Max table rating of D.
This rider was revamped such that when combined with the Accelerated Access Solution Rider, the resulting premium cannot be less than either rider on its own.
This rider was revamped such that when combined with the AAS rider, the resulting premium cannot be less than either rider on its own.

17. Hypothetical information for illustrative purposes only.
100% ROP at Age 85
2.4x more!
Premiums Returned!
Hypothetical information for illustrative purposes only.
Here an example of the output on the quote for the Lifestyle Income Solution. At the age of 85 this client starts to accelerate their death benefit at a rate of roughly 10% per year. The total premium paid into this policy totals $372,819 which is 2.4x more than the guaranteed cash value at the age of 85. By age 88 the client has received back all of their premium by utilizing the Lifestyle Income Solution.

18. Questions

19. Important Information
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 | YouTube: | | LinkedIn:
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 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.

20. Policies issued by American General Life Insurance Company (AGL), Policy Form Numbers 15442, ICC ; Rider Form Numbers, 13600, ICC , 82012, 82410, 88390, 15990, ICC , 15972, 13601, ICC and 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.
FOR FINANCIAL PROFESSIONAL USE ONLY- NOT FOR PUBLIC DISTRIBUTION
AGLC © 2018 AIG. All rights reserved.