1. ______________________ American International Group, Inc. 130 countries worldwide Assets of $400+ billion US Triple AAA rated AIG Life of Canada

2. Ten Largest NYSE-Listed Companies July 2002July 2002July 2001 Company NameSymbolMarket Cap NYSE Average Market Cap ($bil.)Daily Volume($bil.) General Electric Co.GE320.037,592,008432.0 Exxon Mobil CorpXOM249.319,085,206289.4 Wal-Mart StoresWMT218.811,676,937249.9 Pfizer IncPFE202.032,319,382260.3 Citigroup IncC172.632,956,970252.2 American International GroupAIG167.09,494,810194.2 Johnson & JohnsonJNJ159.615,614,087150.5 Coca-Cola Co.KO124.08,069,174110.8 Intl Business Machines CorpIBM120.511,192,451185.5 Procter & Gamble Co.PG115.75,379,61492.0

3. AIG Life of Canada AIG Life of Canada - June 1998 formerly ALICO AIA

4. Worldwide Operations One of the strongest financial institutions in the world Founded in Shanghai in 1919 1939 Headquarters moves to New York Worldwide assets:(US) $400 billion + Net Free Capital:(US) $44 billion One of the few financial institutions in the World with the highest rating-Triple A from all world class rating agencies – AM Best - AAA – Moody’s - Aaa – Standard & Poor’s - AAA Presence in 130 countries AIG Head Quarters 70 Pine Street NY, USA AIG Head Quarters 70 Pine Street NY, USA

5. Standard & Poor’s Credit Ratings (a) (1)July 2002 (2)Financial Strength Rating (3)Senior long-term debt (1)July 2002 (2)Financial Strength Rating (3)Senior long-term debt AIG Life of Canada Great-West Life Manulife Sun Life Great-West Life Manulife Sun Life Clarica Life Canada Life CIBC TD Bank Royal Bank Royal Trust Bank of Montreal Life Insurers (2) Banks (3) Maritime

6. Our story so far in Canada Alico, 1979 to 1993 AIA, 1993 to 1998 AIG Life of Canada, June 1998 to present Hartford Life acquisition, September 1999 Norwich union purchase, May 2001

7. Our Growth Sales: 1998$4 million of premium 1999$9.4 million of premium 2000$58.2 million of premium 2001$120 million of premium

8. AIG Life of Canada AIG acquisitions Hartford Life - October 1998 Norwich Union - May 2001

9. AIG Life of Canada AIG Number 1 in UL sales for the last 6 quarters LIMRA survey - based on minimum premium

10. AIG Life of Canada UL Strengths:- Life Dimensions/Ultimate Dimensions/Unique Life lowest YRT rates in the industry strong accumulation product guaranteed bonus more investment choices than any other carrier

11. AIG Life of Canada YRT Costs:- generally 25-35% lower than competition 1st 10 years - select rates YRT COI’s are guaranteed drop charges off at age 85 (Maximizer) concepts most prevalent - Insured Retirement, RCA’s, Split Dollar (TIPS)

12. AIG Life of Canada Guaranteed bonus:- 1.5% starting in year 6 unconditional in force policy only requirement

13. AIG Life of Canada 600 Investment Options 50 New Choices… More Portfolios

14. AIG Life of Canada Investment Choices virtually any equity backed mutual fund can be investment choice 11 strategic partners AGF, AIC, AIM, CI, Counsel, Dynamic, Fidelity, Franklin, Mackenzie, SEI Funds, Talvest, Templeton over 600 choices in total

15. AIG Life of Canada 7 indexed accounts 2 GIA accounts ( 5 and 10 year) DIA

16. AIG Life of Canada Ultimate Dimensions - High Net Worth UL What Producers told us; lower surrender charges lower MERS

17. AIG Life of Canada choice of 2 or 10 year surrender charge lower MERs –1.5% for indexes –3.0 for “managed money”

18. AIG Life of Canada same investment choices as Life Dimensions drop YRT charges at age 85 maximizer as early as year 2 (ART rider)

19. AIG Life of Canada Both Life and Ultimate Dimensions can shelter a true single deposit.