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Cover Slide

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2 of 33

The Periodic Table Of Investments and Life Insurance

For Financial Professional Use Only. Not For Use With Consumers.

Policies issued by American General Life Insurance Company (AGL), Houston, TX and by

The United States Life Insurance Company in the state of New York (US Life), members of Corebridge Financial

AGLC200941REV1024; Red Oak 3966700

2

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For Financial Professional Use Only. Not For Use With Consumers

3 of 33

Important Notes

Remember that several Broker-Dealers (such as Morgan Stanley) are unable to recommend proprietary indices such as the MLSB, PIMCO or Franklin Quality Dividends indices at point-of-sale, so those slides need to be "hidden" when presenting to certain Broker-Dealers.

Please be sure to hide the appropriate slides before beginning the presentation.

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Important Notes

This information is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice, consult the appropriate professional.

Policies issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by the United States Life Insurance Company in the City of New York (US Life). Issuing companies AGL and US Life are responsible for financial obligations of insurance products and are members of Corebridge Financial Distributors. Guarantees are backed by the claims-paying ability of the issuing insurance company. 

Products may not be available in all states and product features may vary by state.

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5 of 33

Important Notes

These examples DO NOT use the actual index accounts available within any Corebridge Financial Index Universal Life policy. The values expressed in this presentation reflect the returns of the retail index accounts; and then Caps, Floors and Participation Rates are applied as disclosed throughout the presentation footnotes.

None of the calculations shown in this presentation are meant to be representative of the actual returns credited to any life insurance policy.

The examples shown here are for hypothetical purposes only, and are intended to help you understand indexing concepts related to volatility based on past performance.

All of these examples are predicated on past performance of the various retail indices. Past performance is no indication of any potential future performance of any index, investment or life insurance policy.

For advice concerning your individual circumstances, consult an attorney, financial advisor, tax advisor or accountant.

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6 of 33

The Periodic Table of Elements

6

For Financial Professional Use Only. Not For Use With Consumers

6

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7 of 33

The Periodic Table of Investments (annual returns)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Real Estate

37.96%

Emerging Market Equity

34.00%

Real Estate

42.12%

Emerging Market Equity

39.38%

U.S. Fixed Income

5.24%

Emerging Market Equity

78.51%

Small-Cap Equity

26.85%

U.S. Fixed Income

7.84%

Real Estate

27.73%

Small-Cap Equity

38.82%

Real Estate

15.02%

S&P 500

Index

1.38%

Small-Cap Equity

21.31%

Emerging Market Equity

37.28%

Cash Equivalent

1.87%

S&P 500

Index

31.49%

Small-Cap Equity

19.96%

S&P 500

Index

28.71%

Cash Equivalent

1.46%

S&P 500

Index

26.29%

Emerging Market Equity

25.55%

Real Estate

15.35%

Emerging Market Equity

32.17%

Developed

Ex-U.S. Equity

12.44%

Global

ex-U.S. Fixed

4.39%

High-Yield Bonds

58.21%

Real Estate

19.63%

High-Yield Bonds

4.98%

Emerging Market Equity

18.23%

S&P 500

Index

32.39%

S&P 500

Index

13.69%

U.S. Fixed Income

0.55%

High-Yield Bonds

17.13%

Developed

Ex-U.S. Equity

24.21%

U.S. Fixed Income

0.01%

Small-Cap Equity

25.52%

S&P 500

Index

18.40%

Real Estate

26.09%

High-Yield Bonds

-11.19%

Developed

Ex-U.S. Equity

17.94%

Developed

Ex-U.S. Equity

20.38%

Developed

Ex-U.S. Equity

14.47%

Developed

Ex-U.S. Equity

25.71%

Global

ex-U.S. Fixed

11.03%

Cash Equivalent

2.06%

Real Estate

37.13%

Emerging Market Equity

18.88%

Global

ex-U.S. Fixed

4.36%

Developed

Ex-U.S. Equity

16.41%

Developed

Ex-U.S. Equity

21.02%

U.S. Fixed Income

5.97%

Cash Equivalent

0.05%

S&P 500

Index

11.96%

S&P 500

Index

21.83%

High-Yield Bonds

-2.06%

Developed

Ex-U.S. Equity

22.49%

Emerging Market Equity

18.31%

Small-Cap Equity

14.82%

U.S. Fixed Income

-11.19%

Small-Cap Equity

16.93%

Small-Cap Equity

18.33%

S&P 500

Index

4.91%

Small-Cap Equity

18.37%

U.S. Fixed Income

6.97%

High-Yield Bonds

-26.16%

Developed

Ex-U.S. Equity

33.67%

High-Yield Bonds

15.12%

S&P 500

Index

2.11%

Small-Cap Equity

16.35%

High-Yield Bonds

7.44%

Small-Cap Equity

4.89%

Real Estate

-0.79%

Emerging Market Equity

11.19%

Small-Cap Equity

14.65%

Global

ex-U.S. Fixed

-2.15%

Real Estate

21.91%

Global

ex-U.S. Fixed

10.11%

Developed

Ex-U.S. Equity

12.62%

Developed

Ex-U.S. Equity

-14.29%

High-Yield Bonds

13.44%

Global

ex-U.S. Fixed

12.54%

Small-Cap Equity

4.55%

S&P 500

Index

15.79%

S&P 500

Index

5.49%

Small-Cap Equity

-33.79%

Small-Cap Equity

27.17%

S&P 500

Index

15.06%

Cash Equivalent

0.10%

S&P 500

Index

16.00%

Real Estate

3.67%

High-Yield Bonds

2.45%

Developed

Ex-U.S. Equity

-3.04%

Real Estate

4.06%

Global

ex-U.S. Fixed

10.51%

S&P 500

Index

-4.38%

Emerging Market Equity

18.44%

Developed

Ex-U.S. Equity

7.59%

High-Yield Bonds

5.28%

S&P 500

Index

-18.11%

Emerging Market Equity

9.83%

High-Yield Bonds

11.13%

Cash Equivalent

3.07%

High-Yield Bonds

11.85%

Cash Equivalent

5.00%

S&P 500

Index

-37.00%

S&P 500

Index

26.47%

Developed

Ex-U.S. Equity

8.95%

Small-Cap Equity

-4.18%

High-Yield Bonds

15.81%

Cash Equivalent

0.07%

Cash Equivalent

0.03%

Small-Cap Equity

-4.41%

Developed

Ex-U.S. Equity

2.75%

Real Estate

10.36%

Real Estate

-5.63%

High-Yield Bonds

14.32%

U.S. Fixed Income

7.51%

Cash Equivalent

0.05%

Global

ex-U.S. Fixed

-18.70%

Real Estate

9.67%

S&P 500 Index

10.88%

High-Yield Bonds

2.74%

Global

ex-U.S. Fixed

8.16%

High-Yield Bonds

1.87%

Developed

Ex-U.S. Equity

-43.56%

Global

ex-U.S. Fixed

7.53%

U.S. Fixed Income

6.54%

Real Estate

-6.46%

U.S. Fixed Income

4.21%

U.S. Fixed Income

-2.02%

Emerging Market Equity

-2.19%

High-Yield Bonds

4.47%

U.S. Fixed Income

2.65%

High-Yield Bonds

7.50%

Small-Cap Equity

-11.01%

U.S. Fixed Income

8.72%

High-Yield Bonds

7.11%

U.S. Fixed Income

-1.54%

Emerging Market Equity

-20.09%

Global

ex-U.S. Fixed

5.72%

U.S. Fixed Income

4.34%

U.S. Fixed Income

2.43%

Cash Equivalent

4.85%

Small-Cap Equity

-1.57%

Real Estate

-48.21%

U.S. Fixed Income

5.93%

Global

ex-U.S. Fixed

4.95%

Developed

Ex-U.S. Equity

-12.21%

Global

ex-U.S. Fixed

4.09%

Emerging Market Equity

-2.60%

Global

ex-U.S. Fixed

-3.09%

Global

ex-U.S. Fixed

-6.02%

Global

ex-U.S. Fixed

1.49%

U.S. Fixed Income

3.54%

Developed

Ex-U.S. Equity

-14.09%

Global

ex-U.S. Fixed

5.09%

Cash Equivalent

0.67%

Emerging Market Equity

-2.54%

Small-Cap Equity

-20.44%

U.S. Fixed Income

5.53%

Cash Equivalent

1.33%

Global

ex-U.S. Fixed

-8.65%

U.S. Fixed Income

4.33%

Real Estate

-7.39%

Emerging Market Equity

-53.33%

Cash Equivalent

0.21%

Cash Equivalent

0.13%

Emerging Market Equity

-18.42%

Cash Equivalent

0.11%

Global

ex-U.S. Fixed

3.08%

Developed

Ex-U.S. Equity

-4.32%

Emerging Market Equity

-14.92%

Cash Equivalent

0.33%

Cash Equivalent

0.86%

Emerging Market Equity

-14.57%

Cash Equivalent

2.28%

Real Estate

-9.04%

Global

ex-U.S. Fixed

-7.05%

Real Estate

-25.10%

Cash Equivalent

5.01%

Source: The Callan Periodic Table of Investment Returns

7

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7

For Financial Professional Use Only. Not For Use With Consumers

8 of 33

The Periodic Table of Investments (annual returns)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Real Estate

37.96%

Emerging Market Equity

34.00%

Real Estate

42.12%

Emerging Market Equity

39.38%

U.S. Fixed Income

5.24%

Emerging Market Equity

78.51%

Small-Cap Equity

26.85%

U.S. Fixed Income

7.84%

Real Estate

27.73%

Small-Cap Equity

38.82%

Real Estate

15.02%

S&P 500

Index

1.38%

Small-Cap Equity

21.31%

Emerging Market Equity

37.28%

Cash Equivalent

1.87%

S&P 500

Index

31.49%

Small-Cap Equity

19.96%

S&P 500

Index

28.71%

Cash Equivalent

1.46%

S&P 500

Index

26.29%

Emerging Market Equity

25.55%

Real Estate

15.35%

Emerging Market Equity

32.17%

Developed

Ex-U.S. Equity

12.44%

Global

ex-U.S. Fixed

4.39%

High-Yield Bonds

58.21%

Real Estate

19.63%

High-Yield Bonds

4.98%

Emerging Market Equity

18.23%

S&P 500

Index

32.39%

S&P 500

Index

13.69%

U.S. Fixed Income

0.55%

High-Yield Bonds

17.13%

Developed

Ex-U.S. Equity

24.21%

U.S. Fixed Income

0.01%

Small-Cap Equity

25.52%

S&P 500

Index

18.40%

Real Estate

26.09%

High-Yield Bonds

-11.19%

Developed

Ex-U.S. Equity

17.94%

Developed

Ex-U.S. Equity

20.38%

Developed

Ex-U.S. Equity

14.47%

Developed

Ex-U.S. Equity

25.71%

Global

ex-U.S. Fixed

11.03%

Cash Equivalent

2.06%

Real Estate

37.13%

Emerging Market Equity

18.88%

Global

ex-U.S. Fixed

4.36%

Developed

Ex-U.S. Equity

16.41%

Developed

Ex-U.S. Equity

21.02%

U.S. Fixed Income

5.97%

Cash Equivalent

0.05%

S&P 500

Index

11.96%

S&P 500

Index

21.83%

High-Yield Bonds

-2.06%

Developed

Ex-U.S. Equity

22.49%

Emerging Market Equity

18.31%

Small-Cap Equity

14.82%

U.S. Fixed Income

-11.19%

Small-Cap Equity

16.93%

Small-Cap Equity

18.33%

S&P 500

Index

4.91%

Small-Cap Equity

18.37%

U.S. Fixed Income

6.97%

High-Yield Bonds

-26.16%

Developed

Ex-U.S. Equity

33.67%

High-Yield Bonds

15.12%

S&P 500

Index

2.11%

Small-Cap Equity

16.35%

High-Yield Bonds

7.44%

Small-Cap Equity

4.89%

Real Estate

-0.79%

Emerging Market Equity

11.19%

Small-Cap Equity

14.65%

Global

ex-U.S. Fixed

-2.15%

Real Estate

21.91%

Global

ex-U.S. Fixed

10.11%

Developed

Ex-U.S. Equity

12.62%

Developed

Ex-U.S. Equity

-14.29%

High-Yield Bonds

13.44%

Global

ex-U.S. Fixed

12.54%

Small-Cap Equity

4.55%

S&P 500

Index

15.79%

S&P 500

Index

5.49%

Small-Cap Equity

-33.79%

Small-Cap Equity

27.17%

S&P 500

Index

15.06%

Cash Equivalent

0.10%

S&P 500

Index

16.00%

Real Estate

3.67%

High-Yield Bonds

2.45%

Developed

Ex-U.S. Equity

-3.04%

Real Estate

4.06%

Global

ex-U.S. Fixed

10.51%

S&P 500

Index

-4.38%

Emerging Market Equity

18.44%

Developed

Ex-U.S. Equity

7.59%

High-Yield Bonds

5.28%

S&P 500

Index

-18.11%

Emerging Market Equity

9.83%

High-Yield Bonds

11.13%

Cash Equivalent

3.07%

High-Yield Bonds

11.85%

Cash Equivalent

5.00%

S&P 500

Index

-37.00%

S&P 500

Index

26.47%

Developed

Ex-U.S. Equity

8.95%

Small-Cap Equity

-4.18%

High-Yield Bonds

15.81%

Cash Equivalent

0.07%

Cash Equivalent

0.03%

Small-Cap Equity

-4.41%

Developed

Ex-U.S. Equity

2.75%

Real Estate

10.36%

Real Estate

-5.63%

High-Yield Bonds

14.32%

U.S. Fixed Income

7.51%

Cash Equivalent

0.05%

Global

ex-U.S. Fixed

-18.70%

Real Estate

9.67%

S&P 500 Index

10.88%

High-Yield Bonds

2.74%

Global

ex-U.S. Fixed

8.16%

High-Yield Bonds

1.87%

Developed

Ex-U.S. Equity

-43.56%

Global

ex-U.S. Fixed

7.53%

U.S. Fixed Income

6.54%

Real Estate

-6.46%

U.S. Fixed Income

4.21%

U.S. Fixed Income

-2.02%

Emerging Market Equity

-2.19%

High-Yield Bonds

4.47%

U.S. Fixed Income

2.65%

High-Yield Bonds

7.50%

Small-Cap Equity

-11.01%

U.S. Fixed Income

8.72%

High-Yield Bonds

7.11%

U.S. Fixed Income

-1.54%

Emerging Market Equity

-20.09%

Global

ex-U.S. Fixed

5.72%

U.S. Fixed Income

4.34%

U.S. Fixed Income

2.43%

Cash Equivalent

4.85%

Small-Cap Equity

-1.57%

Real Estate

-48.21%

U.S. Fixed Income

5.93%

Global

ex-U.S. Fixed

4.95%

Developed

Ex-U.S. Equity

-12.21%

Global

ex-U.S. Fixed

4.09%

Emerging Market Equity

-2.60%

Global

ex-U.S. Fixed

-3.09%

Global

ex-U.S. Fixed

-6.02%

Global

ex-U.S. Fixed

1.49%

U.S. Fixed Income

3.54%

Developed

Ex-U.S. Equity

-14.09%

Global

ex-U.S. Fixed

5.09%

Cash Equivalent

0.67%

Emerging Market Equity

-2.54%

Small-Cap Equity

-20.44%

U.S. Fixed Income

5.53%

Cash Equivalent

1.33%

Global

ex-U.S. Fixed

-8.65%

U.S. Fixed Income

4.33%

Real Estate

-7.39%

Emerging Market Equity

-53.33%

Cash Equivalent

0.21%

Cash Equivalent

0.13%

Emerging Market Equity

-18.42%

Cash Equivalent

0.11%

Global

ex-U.S. Fixed

3.08%

Developed

Ex-U.S. Equity

-4.32%

Emerging Market Equity

-14.92%

Cash Equivalent

0.33%

Cash Equivalent

0.86%

Emerging Market Equity

-14.57%

Cash Equivalent

2.28%

Real Estate

-9.04%

Global

ex-U.S. Fixed

-7.05%

Real Estate

-25.10%

Cash Equivalent

5.01%

8

S&P 500 WITH

10% Cap & 0% Floor

S&P 500 WITHOUT

Caps or Floors

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For Financial Professional Use Only. Not For Use With Consumers

9 of 33

Is There Volatility�In IUL?

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For Financial Professional Use Only. Not For Use With Consumers

9

For Financial Professional Use Only. Not For Use With Consumers

10 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10% Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

10

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10

For Financial Professional Use Only. Not For Use With Consumers

11 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

11

For Financial Professional Use Only. Not For Use With Consumers

11

For Financial Professional Use Only. Not For Use With Consumers

12 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

12

For Financial Professional Use Only. Not For Use With Consumers

12

For Financial Professional Use Only. Not For Use With Consumers

13 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

13

For Financial Professional Use Only. Not For Use With Consumers

13

For Financial Professional Use Only. Not For Use With Consumers

14 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

14

For Financial Professional Use Only. Not For Use With Consumers

14

For Financial Professional Use Only. Not For Use With Consumers

15 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

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The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

The values and returns shown do not directly reflect any specific Index Account within any Index Universal Life policy. The values reflect returns from the retail indices, then modified by fictitious caps, floors and participation rates that aren’t intended to replicate any particular Index Account or Index Universal Life Policy. The equity index accounts provide benefits linked to an external equity index. The equity index account does not participate directly in the equity markets.

Based on the retail indices adjusted for caps, floors, participation rates and AVE bonus interest. Not intended to represent any particular Index UL product or any Index with an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

AVE Bonus Interest Assumptions: MLSB = .65%; PIMCO = .40%; Franklin = .75%; S&P 500 = .10%

What does this tell you?

  1. We never know which Index will perform best next year
  2. There may be more volatility in Index returns than we think

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

PIMCO

75%

Par Rate

12.62%

PIMCO

75%

Par Rate

8.65%

PIMCO

75%

Par Rate

15.94%

MLSB

100% Par Rate

11.22%

Franklin

100% Par Rate

0.75%

PIMCO

75%

Par Rate

12.76%

MLSB

100% Par Rate

14.04%

MLSB

100% Par Rate

10.82%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

13.42%

MLSB

100% Par Rate

11.17%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

9.64%

PIMCO

75%

Par Rate

17.76%

Franklin

100% Par Rate

0.75%

MLSB

100% Par Rate

14.83%

MLSB

100% Par Rate

11.17%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

0.75%

S&P 500

10.5% Cap

10.6%

S&P 500

10.5% Cap

9.09%

Franklin

100% Par Rate

3.40%

Franklin

100% Par Rate

12.88%

PIMCO

75%

Par Rate

7.88%

MLSB

100% Par Rate

0.65%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.05%

MLSB

100% Par Rate

8.47%

S&P 500

10.5% Cap

10.60%

S&P 500

10.5% Cap

10.60%

MLSB

100% Par Rate

0.65%

Franklin

100% Par Rate

4.96%

Franklin

100% Par Rate

13.22%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

11.16%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

9.07%

MLSB

100% Par Rate

0.65%

PIMCO

75%

Par Rate

8.65%

Franklin

100% Par Rate

8.92%

S&P 500

10.5% Cap

3.10%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

5.22%

PIMCO

75%

Par Rate

0.40%

Franklin

100% Par Rate

6.92%

PIMCO

75%

Par Rate

9.44%

PIMCO

75%

Par Rate

0.92%

PIMCO

75%

Par Rate

6.63%

PIMCO

75%

Par Rate

9.73%

Franklin

100% Par Rate

5.25%

PIMCO

75%

Par Rate

0.40%

PIMCO

75%

Par Rate

4.46%

S&P 500

10.5% Cap

10.60%

PIMCO

75%

Par Rate

0.40%

S&P 500

10.5% Cap

10.60%

Franklin

100% Par Rate

1.30%

PIMCO

75%

Par Rate

4.11%

PIMCO

75%

Par Rate

0.40%

MLSB

100% Par Rate

6.94%

MLSB

100% Par Rate

7.97%

MLSB

100% Par Rate

2.39%

MLSB

100% Par Rate

7.46%

S&P 500

10.5% Cap

3.63%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.57%

Franklin

100% Par Rate

6.97%

S&P 500

10.5%

Cap

0.10%

Franklin

100% Par Rate

5.42%

MLSB

100% Par Rate

3.33%

PIMCO

75%

Par Rate

0.92%

S&P 500

10.5% Cap

0.10%

MLSB

100% Par Rate

3.38%

MLSB

100% Par Rate

8.60%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

10.41%

PIMCO

75%

Par Rate

1.02%

MLSB

100% Par Rate

1.04%

S&P 500

10.5% Cap

0.10%

Franklin

100% Par Rate

0.75%

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For Financial Professional Use Only. Not For Use With Consumers

17 of 33

Are We Seeing�The Volatility�In IUL Indices?

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18 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

Based on the retail indices, adjusted for caps, floors and participation rates. Not intended to represent any particular Index UL product or any Index within an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

Do you notice any volatility?

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19 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

Based on the retail indices, adjusted for caps, floors and participation rates. Not intended to represent any particular Index UL product or any Index within an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

Compare the actual volatility to what you illustrate!

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Important Notes

This information is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations.

Please understand that this presentation is not suggesting that diversifying a client’s premiums and cash values equally across four indices is the correct approach for any particular situation. Every client situation is unique and needs to be evaluated independently.

The illustration of equally dividing the premiums and cash values equally across four indices should not be deemed to be investment advice. However, as an agent or advisor, you might want to consider the potential benefits of diversifying client’s assets into more than one index.

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The Periodic Table of Indexes: Annual ContributionsAnnual Contributions of $10,000�(includes AVE bonus interest beginning in year 6)

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

6% = $423,900

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The Periodic Table of Indexes: Annual DistributionsInitial Value: $1,000,000; Annual Distributions: $85,000�(includes AVE bonus interest beginning in year 6)

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

6% = $135,300

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23 of 33

What About Diversification�Within An IUL Policy?

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24 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

Based on the retail indices, adjusted for caps, floors and participation rates. Not intended to represent any particular Index UL product or any Index within an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

What If We Take These

Four Index Accounts…

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25 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

Based on the retail indices, adjusted for caps, floors and participation rates. Not intended to represent any particular Index UL product or any Index within an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

And We Blend Them

1/4 – 1/4 – 1/4 – 1/4

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For Financial Professional Use Only. Not For Use With Consumers

26 of 33

The Periodic Table of Indexes (annual returns)�(includes AVE bonus interest in all years)

Based on the retail indices, adjusted for caps, floors and participation rates. Not intended to represent any particular Index UL product or any Index within an IUL product. All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

And We Blend Them

1/4 – 1/4 – 1/4 – 1/4

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For Financial Professional Use Only. Not For Use With Consumers

27 of 33

The Periodic Table of Indexes: Annual ContributionsAnnual Contributions of $10,000�(includes AVE bonus interest beginning in year 6)

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

6% = $423,900

27

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27

For Financial Professional Use Only. Not For Use With Consumers

28 of 33

The Periodic Table of Indexes: Annual DistributionsInitial Value: $1,000,000; Annual Distributions: $85,000�(includes AVE bonus interest beginning in year 6)

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

6% = $135,300

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28

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29 of 33

The Point Is:�Consider Diversification�Within An IUL Policy

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30 of 33

Next Time You Illustrate�A Rate Of Return Like This

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

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31 of 33

Remember That Your Client's�Actual Return Will Look More Like This

This is not an actual case and is for hypothetical purposes only. Based on the retail indices, adjusted for caps, floors and participation rates.

Not intended to represent any particular Index UL product or any Index within an IUL product.

All results shown are historical results, and none of this data suggests or guarantees similar performance in the future.

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32 of 33

The Periodic Table Of Investments and Life Insurance

For Financial Professional Use Only. Not For Use With Consumers.

Policies issued by American General Life Insurance Company (AGL), Houston, TX and by

The United States Life Insurance Company in the state of New York (US Life), members of Corebridge Financial

AGLC200941REV1024; Red Oak 3966700

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Cover Slide

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