for producer use only – not for dissemination to the public 1 important notice the following...

FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC 1

Important Notice

The following presentation has been developed and approved for use by authorized producers and agents of the insurers of American General Life Companies. This presentation must be used with the accompanying narrative notes which are included in the presentation.

You must take the following steps to access these notes:1. Save the presentation to your laptop or PC2. Open the saved presentation; then click the “View” option in your

menu bar in the upper left corner of your screen3. From the “View” drop down, click “Notes Page”

This will open the presentation with the narrative notes at the bottom of each slide. When making the presentation, these notes must be used without modification. Please contact your American General Life Companies representative with additional questions.

FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC

AG Secure Lifetime GUL®

December 2012

Providing “Optionality”an unbeatable package of guarantees and

flexibility


AG Secure Lifetime GUL®

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Building Guaranteed Cash Value Earlier

• AG Secure Lifetime GUL generates guaranteed cash sooner—as early as policy year 10

• Cash value is only part of the story—we remain committed to offering highly competitive GUL premiums

• Our ongoing commitment to the universal life market has brought great innovation in 100% guaranteed UL

• AG Secure Lifetime GUL®

• AG Secure Survivor GUL®

AG Secure Lifetime

GUL


Unique Package of Guarantees1

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DeathBenefits Access Cash

Value

“Optionality”An unbeatable package of guarantees and flexibility

1 Guarantees are subject to the claims-paying ability of the issuing insurance company. Subject to the policy’s terms and conditions.


What is ‘Optionality?’

Guaranteed Death BenefitGuaranteed Premium

• Select Guarantee Period and Select Premium Funding Period

• Pro-rata adjustments with no loss of guarantees and no surrender charges on Cash Value withdrawals

• Guaranteed Cash Value beginning as early as year 10

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Unique Package of Guarantees1

Death Benefits

Dial death benefit guarantee to specified age/duration

Age 90, 95, 100, 121 etc.

24-month rolling targets: comp isn’t lost with shorter

guarantees(Not available in NY)

80 90 100 110

Guarantee Period

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1 Guarantees are subject to the claims-paying ability of the issuing insurance company. Subject to the policy’s terms and conditions.


Optionality: Adjust the Benefit

Adjust the Death Benefit in the Future2

• As a client’s needs change, the death benefit can be lowered

• Lowering the benefit means pro-rata lower premium

• Lowering the benefit means no change in the guarantees

Initial GuaranteedDeath Benefit

Current Age

MaturityAdjustment

New GuaranteedDeath Benefit

Initial Guaranteed Premium Pro-rata Guaranteed Premium

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2 Partial withdrawals or loans will reduce the death benefit and cash value and could reduce the duration of coverage. Partial withdrawals may be taxed as regular earnings. Policy owners should consult a tax advisor to determine if a transaction is a taxable event. 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. Accessing cash values may affect the continuation guarantee.


Unique Package of Guarantees

Uncommon flexibility to respond to life’s changing needs

Access2

Access cash value & preserve proportional guarantees

Enhances future flexibility and choice as needs change

Unique among GUL products

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Flexibility and Choice

Unique Partial Withdrawal CapabilityAccess Cash and Preserve Death Benefit Guarantee2

Male, age 65

Assume 50% withdrawal at age 85 - $77,207 (less withdrawal fee)

Ongoing Proportional Guarantees

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$1 million face, guaranteed to age 121

$ 20,999 annual premium

$154,415 guaranteed cash value at age 85

$500,000 face, guaranteed to age 121

$ 10,560 annual premium

$ 77,207 guaranteed cash value at age 85

Maturity



Unique Package of Guarantees

Substantial long-term guaranteed cash value

Maximum accumulation in age 121 guarantee scenarios

Uncommon in GUL products

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Cash Value

10 20 30 40 50 60 121$0

$1M

Age


Substantial Guaranteed Cash Value3

End of Policy YearM-55, PNT, $1 Million

Ann. Premium: $12,115

M-65, PNT, $1 Million

Ann. Premium: $20,999

10 $11,725 $20,335

20 $35,440 $154,415

30 $170,113 $381,496

40 $401,656 $540,870

50 $582,372 $827,826

60 $843,389 NA

Age 121 $1,000,000 $1,000,000

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3 Not an actual case. For illustrative purposes only.


Optionality at Work: Access Cash While Preserving Guarantees

Julie(age 58)

Tony(age 65)

Tony wants life insurance protection to supplement his wife’s income if he dies early in retirement.

He wants the flexibility to access funds in the event he needs them in the future.

And he wants the ability to adjust the death benefit downward later in his retirement if he wants.

AG SecureLifetime

GUL

Tony purchases$1M policy

with planned annual

premiums of $20,999*

Solution Details

At age 85 Tony will have $154,415 of Guaranteed Cash

Value Accumulation

At 85, if Tony withdrew 50% of the policy’s cash value ($77,207), he would be able to maintain $500,000^ Guaranteed Death Benefit to age 121

At the same time, his annual premiums would be reduced approximately in half ($10,560)

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Not an actual case; value and benefits presented for illustrative purposes only.* Quoted values based on male, issue age 65, Preferred Non-Tobacco, $1,000,000 level death benefit guaranteed to age 121. Quote dated 12/10/2012 for the state of Texas.^ 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.


Guaranteed Death Benefit

Matt(age 53)

Ginger(age 50)

Current Home Newly purchased lake house

retirement home

MonthlyPayment

MonthlyPayment

If something were to happen to Matt, he wants a solid plan to make certain Ginger is able to manage the expenses on both homes

AG SecureLifetime

GUL

Matt purchases$500K policy

with GuaranteedDeath Benefitand Ginger asthe beneficiary

Solution Details

When Matt reaches retirement at age 68, and

ceases to pay premiums, his policy’s Guaranteed Death

Benefit continues to age 100

Matt knows Ginger will not be burdened with heavy debt should something

happen to him

He also has the flexibility to access the Guaranteed Cash Value in the policy at some point in the future, if necessary

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Not an actual case; values and benefits presented for illustrative purposes only.Quoted values based on male, issue age 53, Preferred Plus, $500,000 level death benefit guaranteed to age 100. Quote dated 12/10/2012 for the state of Texas.


Theresa Kelly(Flower Shop Owner)

Theresa would like to reward Kathy for her efforts and

encourage her to continue working until her retirement.

She also wants this cost to be tax deductible to the company.

AG SecureLifetime

GUL

The business purchases$1M policy

with GuaranteedDeath Benefit

for Kathy’s family

Solution Details

The business pays the insurance premium as an Executive Bonus,

which is tax-deductible

Kathy Johnson(Flower Shop Manager, age 50)

Premiums: $14,030 per year paid for 15 years with company cash bonuses

Executive Bonus Plan Keeps Key Employee

Additional bonuses are made to Kathy to cover any tax liabilities

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Not an actual case. For illustrative purposes only. Quoted values based on female, issue age 50, Standard Plus Nontobacco underwriting class. Quote dated 12/10/2012 for the state of Texas.


Eric & Cindy Parker(And their 7-year-old

autistic daughter Taylor)

Eric needs protection to ensure his autistic daughter will be

cared for if something happens to him.

He also wants to ensure that upon his wife’s premature death he has the funds to have a caregiver for their daughter.

AG SecureLifetime

GUL

Eric purchases a $1M policy with an annual premium of $7,312* to his age 121

Solution Details

Eric and Cindy each purchase AG Secure Lifetime GUL, a flexible premium, adjustable life insurance policy, with a guarantee that lasts to age 121.

The Parkers establish a trust for the benefit of Taylor, in the event that both parents die prematurely

Special Needs Dependent

AG SecureLifetime

GUL

Cindy purchases a $250K policy with an annual premium of $1,275^ to her age 121

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Not an actual case; values and benefits presented for illustrative purposes only.*Quoted values based on male, issue age 45, Preferred Non-Tobacco, $1,000,000 level death benefit guaranteed until age 121. Quote dated 12/10/2012 for the state of Texas. ^Quoted values based on female, issue age 42, Preferred Plus, $250,000 level death

benefit guaranteed until age 121. Quote dated 12/10/2012 for the state of Texas.


Simplified Quotes

• Simplified, streamlined quotes- Not an illustrated product- Shows only guarantees

• Available on WinFlex, eConnections and RapidRater- Not available on iPipeline

• Illustrate death benefitadjustments

- Through anticipated CV withdrawals

• Flexible premium input optionsImportant: Single Premium paymentsof $250K or more require home office approval prior to being accepted.

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A Suite of Quoting and Illustration Tools

NEW - AG Rapid Rater on Mobile

Providing quoting and illustration tools –Where, when and how you need them

eConnections Desktop for user friendly solutions with dedicated support

WinFlex Web for American General products on familiar industry tool

LifeLaunch landing page for easy access to desktop versions of our popular rate quote and illustration tools

RapidRater for easy and accessible quotes on our guaranteed universal insurance and term products

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Time Saving Portfolio of Technology Solutions

AG Quick Ticket® is a simple online process to submit cases – on a computer or tablet – at NO COST to you!

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Helps Maintain Guarantees

Late Payments

• Premiums received within 28-day window after due date credited as if received on due date for maintaining no-lapse guarantee

1035 Exchanges

• 1035 exchange funds will be treated as if received on issue date for maintaining no-lapse guarantee

Consumer Friendly Processing

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Internal revenue Code Section 1035 and associated rules are complex in nature. The policy owner may incur surrender charges from the previous policy, be subject to new sales and surrender charges and other limitations with the new policy. It is highly recommended that the policy owner consult a tax advisor prior to exchanging a policy.


1 Optionality – our unmatched package of guarantees and flexibility

2 Very competitive premiums

3 Ability to adjust the death benefit in response to changing needs, without losing guarantees

4 Strong cash value accumulation which is fully guaranteed

5Guaranteed cash values begin building as early as year 10, providing flexibility to access cash sooner, yet still maintain death benefit guarantee

Top 10 ReasonsTo Sell AG Secure Lifetime GUL®

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6 Highly competitive compensation with 24-month rolling targets (except in New York)

7 Client-friendly, easy-to-read WinFlex and eConnections Desktop quotes, rather than complicated illustrations

8 Quotes-on-the-go, with American General’s Rapid Pater on Mobile app for iPhone and Android

9 Submit cases faster, get paid quicker with industry-leading AG Quick Ticket®

10 Consumer friendly processing preserves guarantees in the event of late premium payments

Top 10 ReasonsTo Sell AG Secure Lifetime GUL®

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Questions?

For additional information, please contact your American General Life Companies representative

or visit our producer Web site at http://eStation.americangeneral.com

Sales Desk can be reached at1-800-677-3311

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Policies issued by:American General Life Insurance Company 2727-A Allen Parkway, Houston, TX 77019AG Secure Lifetime GUL® Policy Form Number 10460; ICC-10460; AG Secure Survivor GUL Policy Form Number 11239, ICC-11239The United States Life Insurance Company in the City of New YorkOne World Financial Center, 200 Liberty Street, New York, New York 10281AG Secure Lifetime GUL® Policy Form Number 10460N

The underwriting risks, financial and contractual obligations and support functions associated with the policies issued by American General Life Insurance Company (AGL) and The Unites States Life Insurance Company in the City of New York (US Life) are the issuing insurer’s responsibility. American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc., including AGL and US Life. Guarantees are subject to the claims-paying ability of the issuing insurance company. Policies and riders not available in all states. US Life is authorized to conduct insurance business in the state of New York. These product specifications are not intended to be all-inclusive of product information. State variations may apply. Please refer to the policy for complete details.

Important: Prior to soliciting business, be certain that you are appropriately licensed and appointed with the insurer and that the product has been approved for sale by the insurer in that state. If uncertain, contact your American General Life Companies representative for assistance.©2012. All rights reserved.

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Important Information

for producer use only – not for dissemination to the public 1 important notice the following...

Documents

death benefit guarantee

cash value withdrawals

guaranteed cash sooneras

producer use

cash values

flexibility slide

public flexibility

partial withdrawals