1. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 SecurePlus Paramount 5 Policy may be subject to current company guidelines, contact National Sale Desk for details.

2. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 5% Immediate Interest Credit Applied to every premium paid in the first 7 Policy Years That’s 105% of the premium earning interest from the date of payment or receipt of premium Fully vested immediately – no strings attached

3. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 5% Immediate Interest Credit –Allows policyowners to make money even if the index declines

4. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 $1,000/year with 0% interest ( Index declines ) YearCumulative Premium Paid SecurePlus Paramount 5 AV SecurePlus Paramount 5 Surrender Value SecurePlus Gold AV SecurePlus Gold Surrender Value 1$1,000$1,050$945$1,000$900 2$2,000$2,100$1,911$2,000$1,820 3$3,000$3,150$2,898$3,000$2,760 4$4,000$4,200$3,906$4,000$3,720 5$5,000$5,250$4,935$5,000$4,700 6$6,000$6,300$5,985$6,000$5,700 7$7,000$7,350$7,056$7,000$6,720

5. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Historical Example Let’s take a look and see how it stacks up to our current product offering using historical market data…

6. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Historical Example Assumes $1,000 per year and all money allocated to S&P 500 Ending Index Paramount 5GoldElite 5 S&P 500 Cap2.10%3.25%3.30% 02/01/2002 1,122.20 % ChangeAV 02/01/2003 855.70-23.75%1,0501,000 02/01/2004 1,131.1332.19%2,1222,033 02/01/2005 1,189.415.15%3,2173,0993,100 02/01/2006 1,282.467.82%4,3344,1994,202 02/01/2007 1,445.9412.75%5,4755,3365,341 02/01/2008 1,395.42-3.49%6,5256,3366,341 02/01/2009 825.88-40.81%7,5757,3367,341 02/01/2010 1,089.1931.88%8,7348,5748,583 02/01/2011 1,307.5920.05%9,9189,8539,867 02/01/2012 1,324.091.26%11,04310,97710,991 Rates for example purpose only, rate as of May 2012, subject to change without notice

7. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Prospect Profile Paramount 5 is great for someone: looking for an immediate bonus with a 10-year or longer time horizon Looking for certainty during difficult or uncertain times

8. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 SecurePlus Paramount 5 Outstanding flexible premium deferred annuity for the 403(b), 457(b), & IRA Available with our Guaranteed Lifetime Income Rider* 10-10 Compliant (state and broker dealer friendly) *Guarantees based on claims paying ability of the company. Rider available at an additional cost.

9. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Premiums –Flexible Premiums Flow premium – Salary reduction/deduction –Minimum of $100/month (or plan minimum) Single sums – –Rollovers and transfers – only in the first 5 Policy Years –Maximum Cumulative Premiums: $500,000 for issue ages 0-75 $250,000 for issue ages 76-80

10. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Interest Accounts –Premium Account – All premium payments go into this account Sweep date is the 28 th of the month –Declared Interest Account –Indexed Interest Accounts: 1.S&P 500 Ending Index – 100% Index Rate with Cap 2.S&P 500 Average Index – Index Rate only 3.Russell 2000 Ending Index – 100% Index Rate with Cap

11. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Withdrawal Charges –Declining Withdrawal Charge – 10 Years –No MVA! Policy Year Issue Age1234567891011+ 0-8010%9%8%7%6%5%4%3%2%1%0% * 59+8¼% 7¼%6¼%5%4%3%2%1%0% *Only applies to AK, AL, CA, DE, MN, NV, NJ, OH, OR, SC, TX, UT, WA, if available

12. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Accessibility 10% of the accumulation value per year after the first policy year –As available by law –59 1/2 rule should be noted to avoid IRS 10% penalty 403(b) and 457(b) Loan Availability (if plan and IRS requirements permit) –Up to 50% of AV or $50,000 (lesser of the two) Optional Guaranteed Lifetime Income Rider (at an additional cost) Nursing Care Rider (in approved states) Annuitize after 5 th year for 5 years or longer

13. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Commissions Trail Options Trail Commission Options –Trail Option A – High Trail Option –Trail Option B – Low Trail Option Election on a policy by policy basis Election box below agent’s signature on the application

14. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 SecurePlus Paramount 5 That’s a 5% increase in value, even with 0% interest Even with the index declining, policy owners can build value Great for building value in good times or bad Keeping hard earned money secure and then some

15. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Guaranteed Lifetime Income Rider Securing Tomorrow’s Income Today

16. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 The Power to Plan - FPDA Without Rider –Estimate future value (4.5% interest) –4% withdrawal philosophy –Uncertain income –Not guaranteed for life With Rider –Known roll up rate range on income rider –Withdrawal percentage based on age, older the larger –Known range of Income Guaranteed for Life Prospect – 45 year old needing income at 65, $250 a month contribution Possible nonguaranteed income $3,855 Guaranteed Lifetime Income $4,586 (Midrange roll up rate)

17. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Guaranteed Lifetime Income Rider All the competitive income features of our GLIR, including the Enhanced Benefit* *Not available in all States; Roll up rates and GWP subject to change without notice 403(b)/457(b)All Other Minimum Issue Age3540 Accumulation Years3020 Min benefit age5560 Current Rollup Rate 6% GWP % @ 60 4.0%

18. National Life Insurance Company ® | Life Insurance Company 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 NLGroup 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. For Agent Use Only. Not for use with the Public. Form# 10989(1212); LR 11812 Questions? National Sales Desk 1-800-906-3310

19. National Life Insurance Company ® | Life Insurance Company of the Southwest™ For Agent Use Only - Not for use with the Public. Form# 10989(1212); LR 11812