Let’s take a closer look at how the Indexed Interest Account works: All premiums that are allocated to the Indexed Interest Account are initially placed into a “sweep” account. This account earns the current interest rate declared by the company, guaranteed to be at least 4%. On December 31 of each year, the premiums (plus interest, less any expense charges) are transferred to the Indexed Interest Account where an annualized rate of 1% is credited. If the S&P 500 Index® has a positive return over the course of the year, the Indexed Interest Account will be credited with the percentage increase, minus the previously credited 1%, subject to the Cap. Even if the S&P 500 Index decreases, your Indexed Interest Account rate will never be less than 1%.

Why are premiums swept into the Indexed Interest Account only once per year?This keeps it simple and easy to understand. Before this happens, premiums that are in the “sweep” account earn the same competitive rate of interest as the Declared Interest Account.

Let’s look at an example:

Assume that between January 1 and December 31, the S&P 500 Index® increases by 12.1%, and that your Cap this year is 11%. Your Index Crediting rate would be determined in the following manner:

Annual increase in the S&P 500 Index®: 12.1% Deduction of guaranteed interest credit: -1.0% Remaining increase % subject to Cap: 11.1% Index Crediting Rate applied on December 31: 11.0%

At the end of each calendar year, the Index

crediting rate is determined.

Assume at the end of the next year the S&P 500 Index ®

had an 12.1% increase. The

previously credited 1% is deducted. Since this rate (11.1%) is above the hypothetical cap of 11% the account is credited

with a 11% rate.

On December 31, the balance is transferred to the

Index Account.

Expense charges may be deducted.

How

Life

Cre

st In

dex

Wor

ks

Expense charges may be deducted.

Expense charges are deducted.

Sweep Account

$Premium can be allocated between the

Declared Interest

and Indexed Interest

Accounts. You

determine the amount allocated to each.

$$$ The current rate is credited on a monthly

basis - hypothetical 4%.

Indexed IntereSt Account

All examples shown are hypothetical and

intended only for illustrative, educational

purposes.

A client’s guide to understanding how LifeCrest Index works

With a LifeCrest Index, an indexed universal life

insurance policy, you have the ability to build interest earnings based

on the performance of the S&P 500 Index®.

The current rate is credited on a monthly basis - hypothetical 4%.

A 1% interest rate is credited on a monthly basis.

About AmericoFor over 100 years, Americo Life, Inc.’s family of insurance companies has been committed to providing the life insurance and annuity products you need to protect your mortgage, family, and future.1 We listen to what you want from an insurance policy or annuity and do our best to provide a proper solution for your individual situation.

Innovative thinking and sound investment decisions have helped us build a strong financial foundation for our business. Today, Americo Financial Life and Annuity Insurance Company is the lead company in one of the largest independent, privately held insurance groups in the United States2, with 660,000 policies, over $32.7 billion of life insurance in force, and $6.0 billion in assets for year-end 2013.3

1Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies.2”Admitted Assets, Top Life Writers-2013,” A.M. Best Co., as of July 2013.3Information is as of year end 2013 on a consolidated basis for Americo Financial Life and Annuity Insurance Company and the other life insurance subsidiaries of Americo Life, Inc., unless otherwise indicated. Information is prepared on the basis of generally accepted accounting principles (GAAP).

Important Information

Americo Financial Life and Annuity Insurance Company is authorized to do business in the District of Columbia and all states except NY and VT.

LifeCrest Index (Policy Series 277) and Accelerated Benefit Payment Rider (Rider Series 2127) are underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Some products and benefits may not be available in all states. Some riders are optional and available for an additional cost. Certain restrictions and variations apply. Consult policy and riders for all limitations and exclusions. For exact terms and conditions, please refer to the contract. Distributions of gain are subject to income taxation rules and IRS early distribution penalties.

The company reserves the right to contest coverage for up to two years due to any misrepresentations in the application. If the insured, sane or insane, dies by suicide while the contract is in force and within two years (one year in Colorado, Missouri, and North Dakota) after the issue date, the proceeds payable will be limited to the sum of premiums paid, less any indebtedness. See Missouri contract for special provisions regarding suicide.

Neither Americo Financial Life and Annuity Insurance Company nor any agent representing Americo Financial Life and Annuity Insurance Company is authorized to give legal or tax advice. Please consult a qualified professional regarding the information and concepts contained in this material.

Any illustrations of future value used in a sales presentation are provided only for illustrative purposes. Any such illustration must not be regarded as guaranteed or as estimated future performance unless it is based solely on the minimum guaranteed interest rates.

The policy does not directly participate in any stock or equity investments.

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Americo Financial Life and Annuity Insurance Company. This product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representations regarding the advisability of purchasing this product. The S&P 500 Index is a market-valued weighted price index which reflects capital growth only and does not include dividends paid on stocks.

Americo Financial Life and Annuity Insurance Company300 W. 11th St.Kansas City, MO 64105

08-296-14 (03/14)©Americo

$$$

declAred IntereSt Account

How is LifeCrest Index different from other indexed universal life policies?LifeCrest Index provides the ability to guarantee a lifetime of coverage, while at the same time building interest earnings that are based on the performance of the S&P 500 Index.® Best of all, unlike many other indexed universal life products, LifeCrest Index offers a remarkable return of premium feature. Benefits of a LifeCrest Index policy include:

Guaranteed death benefit for life, as long as minimum premiums are paid and no partial surrenders or loans are taken.

Two interest account options; a Declared Interest Account and an Indexed Interest Account with earnings based on the performance of the S&P 500 Index.®

Guaranteed return of premium feature available at age 65, or the 20th policy anniversary (whichever is later, but no later than age 80), as long as minimum premiums are paid and no partial surrenders or loans are taken.

Guaranteed income bonus available after the return of premium date, when youtake income for life, or for a period of at least 10 years.

How easy is it to obtain coverage?Your agent will ask the questions and complete the application for your signature. In most cases, if you apply for coverage of less than $100,000, Americo will assess your application without any type of medical exams. Issuance of policy may depend on upon answers to medical questions. For amounts of $100,000 and over, your agent will arrange for a simple medical exam at no cost to you. Americo may also ask for records from your physician.

What is the minimum and maximum amount of coverage?Not everyone can afford a large amount of life insurance. For this reason, LifeCrest Index allows for coverage as low as $25,000. Look at this example:

A 40-year-old female can qualify for a $25,000 LifeCrest Index policy for as little as $28.90 per month.

The maximum amount of coverage is based solely on your ability to qualify.

Do I need to worry about my premiums increasing?No. LifeCrest Index provides you with guaranteed coverage for life, as long as you pay your minimum premiums as scheduled and no partial surrenders or loans are taken. You never need to worry about unexpected increases.

How do I pay my premiums?Premiums can be paid monthly via direct electronic funds transfer from your financial institution. We can also bill you on a quarterly, semi-annual or annual basis. You may also pay a single premium or premiums over a limited number of years.

If you miss a minimum premium, you don’t necessarily lose your guaranteed lifetime coverage or the return of premium feature.

Every five years Americo checks to see that your cumulative minimum premiums, less withdrawals and loans, have been paid. If they have not, you can pay the additional premium to “catch up” and retain your return of premium feature.

For the guaranteed lifetime death benefit, you can “catch up” your minimum premiums at any time. If your policy has lapsed, you must reinstate your policy and pay all back minimum premiums.

LifeCrest Index was designed to be simple and easy to understand.

Your death benefit will be passed on

to your beneficiary income tax-free.

The protection provided by life

insurance can protect your family when

you die.

How does the return of premium feature work?It’s simple. At age 65, or 20 years after issue, whichever is later, but no later than age 80, you can request to surrender the policy and have 100% of your minimum premiums returned to you. This benefit is available to you as long as you have paid your minimum premiums as scheduled, and not taken any partial surrenders or loans.

Let’s look at an example:

You purchase a $100,000 LifeCrest Index Policy when you are 45 years old. Your minimum premium is $108.00 per month. After 20 years, at age 65, you determine you no longer need the $100,000 death benefit. No matter what your cash value is on the 20th anniversary of your policy, you are guaranteed to receive back 100% of your minimum premiums, or $25,920 ($108.00 x 12 x 20). Example is based on female, Preferred, non-nicotine rates.

Your Accumulation Value at the point in time you elect your return of premium may be greater than your cumulative minimum premiums. In this event, you would receive the larger Accumulation Value.

Can I take withdrawals?Yes, after the first policy anniversary, one partial surrender (withdrawal) of no less than $500 is allowed per policy year. Partial surrenders will reduce the death benefit by the amount of the partial surrender. The remaining death benefit cannot be less than the minimum death benefit allowed by the contract.

Remember, withdrawals may affect your lifetime guarantee of coverage and return of premium feature, if the amount you paid, less withdrawals, is less than the required cumulative minimum premiums.

Can I take a policy loan?If you need to access funds from your LifeCrest Index policy, but don’t want to make a traditional withdrawal, you may borrow from the cash surrender value, or value of your policy if you were to fully surrender it at a given time. Policy loans may be taken after the first policy year.

Preferred zero net cost loans can be taken after the 5th year, 10th year, or at age 65, dependingon your age when the policy is issued. Up to 15% of the cash surrender value at the end of the preceding policy year may qualify as a preferred policy loan. Preferred loan amounts are charged an effective interest rate of 4% and credited an effective rate of 4%. Any loan amount in excess of the preferred policy loan limit will be charged an effective interest rate of 6%.

When a loan is taken, a separate loan account will be established that credits 4% interest. Loan values will not be eligible for indexed interest credits, and an unpaid loan balance is deducted from the death benefit your beneficiary will receive. Loans may affect your lifetime guarantee of coverage and return of premium feature.

What if I become terminally ill? LifeCrest Index offers you an Accelerated Benefit Payment Rider (Rider Series 2127) at no additional cost.

Understanding that a terminal illness can cause financial hardship, the rider offers up to 50% of your policy’s death benefit, if you are diagnosed with a terminal illness by a qualified physician. The maximum benefit payable is $250,000 and a one-time fee of $250 may be assessed.

With LifeCrest Index’s remarkable return of premium

feature, you can elect to have all minimum

premiums returned to you.

LifeCrest Index was designed to provide

you with benefits for all the stages of

your life.

Should you need cash, your LifeCrest Index policy allows

for loans and withdrawals.

How is LifeCrest Index different from other indexed universal life policies?LifeCrest Index provides the ability to guarantee a lifetime of coverage, while at the same time building interest earnings that are based on the performance of the S&P 500 Index.® Best of all, unlike many other indexed universal life products, LifeCrest Index offers a remarkable return of premium feature. Benefits of a LifeCrest Index policy include:

î Guaranteed death benefit for life, as long as minimum premiums are paid and no partial surrenders or loans are taken.

î Two interest account options; a Declared Interest Account and an Indexed Interest Account with earnings based on the performance of the S&P 500 Index.®

î Guaranteed return of premium feature available at age 65, or the 20th policy anniversary (whichever is later, but no later than age 80), as long as minimum premiums are paid and no partial surrenders or loans are taken.

î Guaranteed income bonus available after the return of premium date, when youtake income for life, or for a period of at least 10 years.

How easy is it to obtain coverage?Your agent will ask the questions and complete the application for your signature. In most cases, if you apply for coverage of less than $100,000, Americo will assess your application without any type of medical exams. Issuance of policy may depend on upon answers to medical questions. For amounts of $100,000 and over, your agent will arrange for a simple medical exam at no cost to you. Americo may also ask for records from your physician.

What is the minimum and maximum amount of coverage?Not everyone can afford a large amount of life insurance. For this reason, LifeCrest Index allows for coverage as low as $25,000. Look at this example:

A 40-year-old female can qualify for a $25,000 LifeCrest Index policy for as little as $28.90 per month.

The maximum amount of coverage is based solely on your ability to qualify.

Do I need to worry about my premiums increasing?No. LifeCrest Index provides you with guaranteed coverage for life, as long as you pay your minimum premiums as scheduled and no partial surrenders or loans are taken. You never need to worry about unexpected increases.

How do I pay my premiums?Premiums can be paid monthly via direct electronic funds transfer from your financial institution. We can also bill you on a quarterly, semi-annual or annual basis. You may also pay a single premium or premiums over a limited number of years.

If you miss a minimum premium, you don’t necessarily lose your guaranteed lifetime coverage or the return of premium feature.

Every five years Americo checks to see that your cumulative minimum premiums, less withdrawals and loans, have been paid. If they have not, you can pay the additional premium to “catch up” and retain your return of premium feature.

For the guaranteed lifetime death benefit, you can “catch up” your minimum premiums at any time. If your policy has lapsed, you must reinstate your policy and pay all back minimum premiums.

LifeCrest Index was designed to be simple and easy to understand.

Your death benefit will be passed on

to your beneficiary income tax-free.

The protection provided by life

insurance can protect your family when

you die.

How does the return of premium feature work?It’s simple. At age 65, or 20 years after issue, whichever is later, but no later than age 80, you can request to surrender the policy and have 100% of your minimum premiums returned to you. This benefit is available to you as long as you have paid your minimum premiums as scheduled, and not taken any partial surrenders or loans.

Let’s look at an example:

You purchase a $100,000 LifeCrest Index Policy when you are 45 years old. Your minimum premium is $108.00 per month. After 20 years, at age 65, you determine you no longer need the $100,000 death benefit. No matter what your cash value is on the 20th anniversary of your policy, you are guaranteed to receive back 100% of your minimum premiums, or $25,920 ($108.00 x 12 x 20). Example is based on female, Preferred, non-nicotine rates.

Your Accumulation Value at the point in time you elect your return of premium may be greater than your cumulative minimum premiums. In this event, you would receive the larger Accumulation Value.

Can I take withdrawals?Yes, after the first policy anniversary, one partial surrender (withdrawal) of no less than $500 is allowed per policy year. Partial surrenders will reduce the death benefit by the amount of the partial surrender. The remaining death benefit cannot be less than the minimum death benefit allowed by the contract.

Remember, withdrawals may affect your lifetime guarantee of coverage and return of premium feature, if the amount you paid, less withdrawals, is less than the required cumulative minimum premiums.

Can I take a policy loan?Yes, you may take a policy loan up to the cash surrender value of your policy.

Preferred (zero-cost) loans may be taken after the 10th year, or sooner depending on your age when the policy is issued. Up to 15% of the cash surrender value at the end of the preceding policy year may qualify as a preferred policy loan. Preferred loan amounts are charged an effective interest rate of 4% and credited an effective rate of 4%. Any loan amount in excess of the preferred policy loan limit will be charged an effective interest rate of 6%.

When a loan is taken, a separate loan account will be established that credits 4% interest. Loan values will not be eligible for indexed interest credits, and an unpaid loan balance is deducted from the death benefit your beneficiary will receive.

What if I become terminally ill? LifeCrest Index offers you an Accelerated Benefit Payment Rider (Rider Series 2127) at no additional cost.

Understanding that a terminal illness can cause financial hardship, the rider offers up to 50% of your policy’s death benefit, if you are diagnosed with a terminal illness by a qualified physician. The maximum benefit payable is $250,000 and a one-time fee of $250 may be assessed.

Can I decrease the amount of life insurance protection?Yes, a decrease in the Specified Amount will be assessed a partial surrender charge. Increases to the Specified Amount will not be allowed.

With LifeCrest Index’s remarkable return of premium

feature, you can elect to have all minimum

premiums returned to you.

LifeCrest Index was designed to provide

you with benefits for all the stages of

your life.

Should you need cash, your LifeCrest Index policy allows

for loans and withdrawals.

Can I take income from my LifeCrest Index policy?Yes, at retirement, you may be more concerned about creating income than you are about life insurance coverage. LifeCrest Index provides the option to take a guaranteed income based on your cash surrender value.

At age 65, or 20 years after issue, whichever is later, but not later than age 80, you may convert your cash surrender value into a guaranteed income. Various payment options are available. You may take a lifetime income, or an income over a select number of years. If you select a payment over life, or for at least 10 years, your cash surrender value will be credited with a 5% bonus.

Let’s look at an example:

You purchased your policy at age 45, and now at age 65 your focus has shifted from life insurance protection to retirement income. Let’s assume your cash surrender value is $36,000. If you select an income that is over at least 10 years, Americo will increase your cash surrender value by 5%.

In this example, $37,800 (105% of $36,000) would be converted into a guaranteed income stream of no less than $1,814.40 annually for the rest of your life, but not less than 20 years. Current income rates vary and should provide a larger income in the future.

How is interest credited?You have the option to allocate all or a portion of your premiums to the Declared Interest Account or to the Indexed Interest Account.

How does the Declared Interest Account work?The portion of paid premiums allocated to the Declared Interest Account goes directly into that account and begins earning interest at the current interest rate. This rate is guaranteed to be no less than 4%.

How does the Indexed Interest Account work?Premiums allocated to the Indexed Interest Account earn interest based on the performance of the S&P 500 Index®. Each year, the beginning and ending closing values of the index are tracked to determine the percentage increase or decrease over the beginning value. If the Index has a positive return over the course of the year, your Indexed Interest Account will be credited with the percentage increase, up to the current Cap. If the Index decreases over the course of the year, we guarantee that we will credit at least 1% to your Indexed Interest Account.

Your agent can provide you with the current Cap, which is guaranteed to be no less than 4% during the life of your policy.

Can I change my allocations between the Declared Interest Account and the Indexed Interest Account?After the first year, transfers between accounts can be made on December 31 every year.

Will I lose money if the S&P 500 Index® decreases?No, your Indexed Interest Account rate will never be less than 1%.

LifeCrest Index can guarantee an income

you can’t outlive.

LifeCrest Index provides you

with interest rate guarantees.

Interest in your indexed universal

life policy accumulates on a tax-deferred basis.

Will I lose money if the S&P 500 Index® decreases?No, your Indexed Interest Account rate will never be less than 1%.

Let’s take a closer look at how the Indexed Interest Account works: All premiums that are allocated to the Indexed Interest Account are initially placed into a “sweep” account. This account earns the current interest rate declared by the company, guaranteed to be at least 4%. On December 31 of each year, the premiums (plus interest, less any expense charges) are transferred to the Indexed Interest Account where an annualized rate of 1% is credited. If the S&P 500 Index® has a positive return over the course of the year, the Indexed Interest Account will be credited with the percentage increase, minus the previously credited 1%, subject to the Cap. Even if the S&P 500 Index decreases, your Indexed Interest Account rate will never be less than 1%.

Why are premiums swept into the Indexed Interest Account only once per year?This keeps it simple and easy to understand. Before this happens, premiums that are in the “sweep” account earn the same competitive rate of interest as the Declared Interest Account.

Let’s look at an example:

Assume that between January 1 and December 31, the S&P 500 Index® increases by 12.1%, and that your Cap this year is 11%. Your Index Crediting rate would be determined in the following manner:

Annual increase in the S&P 500 Index®: 12.1% Deduction of guaranteed interest rate: -1.0% Remaining increase % subject to Cap: 11.1% Index Crediting Rate applied on December 31: 11.0%

At the end of each calendar year, the Index

crediting rate is determined.

Assume at the end of the next year the S&P 500 Index ® had a 12.1% increase. The

previously credited 1% is deducted. Since this rate (11.1%) is above the hypothetical cap of 11% the account is credited

with an 11% rate.

On December 31, the balance is transferred to the

Index Account.

Expense charges may be deducted.

How

Life

Cre

st In

dex

Wor

ks

Expense charges may be deducted.

Expense charges are deducted.

SWEEP ACCOUNT

$Premium can be allocated between the

Declared Interest

and Indexed Interest

Accounts. You

determine the amount allocated to each.

$$$ The current rate is credited on a monthly

basis - hypothetical 4%.

INDEXED INTERESTACCOUNT

All examples shown are hypothetical and

intended only for illustrative, educational

purposes.

With a LifeCrest Index, an indexed universal life

insurance policy, you have the ability to build interest earnings based

on the performance of the S&P 500 Index®.

The current rate is credited on a monthly basis - hypothetical 4%.

A 1% interest rate is credited on a monthly basis.

$$$

DECLARED INTEREST ACCOUNT

About AmericoFor over 100 years, Americo Life, Inc.’s family of insurance companies has been committed to providing the life insurance and annuity products you need to protect your mortgage, family, and future.1 We listen to what you want from an insurance policy or annuity and do our best to provide a proper solution for your individual situation.

Innovative thinking and sound investment decisions have helped us build a strong financial foundation for our business. Today, Americo Financial Life and Annuity Insurance Company is the lead company in one of the largest independent, privately held insurance groups in the United States2, with 660,000 policies, over $32.7 billion of life insurance in force, and $6.0 billion in assets for year-end 2013.3

1Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies.2”Admitted Assets, Top Life Writers-2013,” A.M. Best Co., as of July 2013.3Information is as of year end 2013 on a consolidated basis for Americo Financial Life and Annuity Insurance Company and the other life insurance subsidiaries of Americo Life, Inc., unless otherwise indicated. Information is prepared on the basis of generally accepted accounting principles (GAAP).

Important Information

Americo Financial Life and Annuity Insurance Company is authorized to do business in the District of Columbia and all states except NY and VT.

LifeCrest Index (Policy Series 277) and Accelerated Benefit Payment Rider (Rider Series 2127) are underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Some products and benefits may not be available in all states. Some riders are optional and available for an additional cost. Certain restrictions and variations apply. Consult policy and riders for all limitations and exclusions. For exact terms and conditions, please refer to the contract. Distributions of gain are subject to income taxation rules and IRS early distribution penalties.

The company reserves the right to contest coverage for up to two years due to any misrepresentations in the application. If the insured, sane or insane, dies by suicide while the contract is in force and within two years (one year in Colorado, Missouri, and North Dakota) after the issue date, the proceeds payable will be limited to the sum of premiums paid, less any indebtedness. See Missouri contract for special provisions regarding suicide.

Neither Americo Financial Life and Annuity Insurance Company nor any agent representing Americo Financial Life and Annuity Insurance Company is authorized to give legal or tax advice. Please consult a qualified professional regarding the information and concepts contained in this material.

Any illustrations of future value used in a sales presentation are provided only for illustrative purposes. Any such illustration must not be regarded as guaranteed or as estimated future performance unless it is based solely on the minimum guaranteed interest rates.

The policy does not directly participate in any stock or equity investments.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Americo Financial Life and Annuity Insurance Company (“Americo”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Americo. Americo’s LifeCrest Index is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

Americo Financial Life and Annuity Insurance Company300 W. 11th St.Kansas City, MO 64105