Assured Edge Income Builder A fixed annuity with

Assured Edge Income Builder A fixed annuity with a flexible guaranteed lifetime withdrawal benefit Guarantee retirement income. Grow future income. Protect your principal. Annuities issued by American General Life Insurance Company (AGL) Guarantees are backed by the claims-paying ability of AGL. Not FDIC or NCUA/NCUSIF Insured May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency

There’s a simple solution for a greater sense of security • • • Know today what your retirement income could be Potentially grow future lifetime income based on a 7. 5% income growth rate each year until activating lifetime income Maintain access to your money Assured Edge Income Builder is available to clients age 50 -80. Assured Edge Income Builder may not be available in all states and product features may vary by state. Please refer to the contract. Retirement accounts such as IRAs can be tax deferred regardless of whether or not they are funded with an annuity. The purchase of an annuity within an IRA does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefits. 2 2

Preparing for the challenges of retirement Source: Society of Actuaries 2012 Individual Annuitant Mortality Tables, assumes a couple both age 65. 3 3

Preparing for the challenges of retirement 4 4

Preparing for the challenges of retirement Is a 4% annual inflation-adjusted withdrawal “safe” today? Probably not. Industry analysis shows there’s a 30% to 40% chance the “ 4% Rule” would fail. Key Assumptions: Portfolio Allocation: 60% Stocks/40% Bonds 30 -Year Retirement Source: Black. Rock, 2015. Projections shown above assumes the withdrawal in the first year of 4% of the original portfolio value. Each year thereafter, the amount withdrawn is adjusted upward 3% to account for inflation. IMPORTANT: This illustration is hypothetical in nature, does not reflect actual investment results and is not a guarantee of future results. Probabilistic (Monte Carlo) modeling is used in this illustration. Underlying each scenario presented in this analysis are certain capital market assumptions (e. g. , rates of return, volatility as measured by standard deviation, correlation between asset classes). These are forward-looking rates of return developed by Black. Rock. The capital market assumptions regarding rates of return for various asset classes and the probability analysis applied to these returns are key to the underlying results. In this analysis, stocks have an expected return of 7. 25% and a standard deviation of 17% while bonds have an expected return of 3% and a standard deviation of 4. 5%. Other investments not considered may have characteristics similar or superior to those being analyzed. There is no guarantee that actual future market returns will be consistent with these assumptions and limitations. 5 5

Generating more guaranteed income Assured Edge Income Builder can provide you with an additional stream of guaranteed lifetime income to help enhance your retirement income security Other Savings and Investments Reposition Assets Social Security and Pensions NON-GUARANTEED income sources Annuities Social Security and Pensions GUARANTEED income sources Be sure to ask your financial professional for complete details about the annuity you may be considering, including limitations and risks. 6 6

Protecting against the unexpected Odds of major fire damage over the next 30 years: less than 1% Probability of a 60 -year-old male dying within 5 years: less than 10% In 2013, there was only 1 crash for every 45 registered vehicles in the U. S Historically, the stock market has experienced a decline of 20% or more approximately once every 3 years ? ? Sources (in order of boxes above): True Odds: How Risk Affects Your Everyday Life; U. S. 1991, Age Nearest, Male, Mortality Table; U. S. Department of Transportation 2015; Dow Jones Industrial Average, daily closes, 1/2/1900 -12/31/2015. 7 7

Guarantee your retirement income – for life Assured Edge Income Builder provides you with: • Income certainty AND • Flexibility to receive guaranteed lifetime income now or in the future • Flexibility to make changes prior to income activation to the covered person(s) for life change events. Life change events include marriage, divorce or death. Additionally, at the income activation date, you have the opportunity to add or remove a covered person, subject to certain limitations You can start receiving lifetime income as early as age 50. Income can be received on a monthly, quarterly, semiannual or annual basis. The annual fee rate for the benefit is 0. 95% and is calculated as a percentage of the contract value and deducted from the contract value on each anniversary. Once the contract is issued, the fee rate will never change. When you decide to begin your guaranteed lifetime withdrawal benefit (GLWB) income, you must submit an income activation form. 8 8

Know today what your retirement income will be The maximum amount that you may withdraw each contract year under the guaranteed lifetime withdrawal benefit is referred to as the guaranteed lifetime income amount (GLIA). Here’s how we calculate your initial guaranteed lifetime income amount: Initial Guaranteed Lifetime Income Amount (GLIA) 6. 50% X Income percentage $100, 000 = Eligible premium $6, 500 Per year Hypothetical example assumes a single covered person with a $100, 000 premium • • You can elect to start lifetime income when the time is right for you Once you activate lifetime income withdrawals, you can count on guaranteed income for as long as you – or you and your spouse – live, based on the options you choose This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific contract. NOTE: GLIA is recalculated at each contract anniversary. 9 9

Grow future income by 7. 5% each year A hypothetical example 6. 5% begin in five years • No changes in covered person(s) Step 1: First, we calculate your initial guaranteed lifetime income amount (GLIA): Initial Guaranteed Lifetime Income Amount (GLIA) AT AGE 65 Step 2: Then, we calculate your annual income credit: Guaranteed Lifetime Income Amount AT AGE 65(GLIA) $100, 000 X Income percentage $6, 500 Income Credit AT AGE 65 Step 3: When you elect to activate lifetime income, we recalculate your GLIA: 6. 50% X Initial GLIA $6, 500 Initial GLIA Eligible premium 7. 5% $487. 50 X 5 Per year $487. 50 = Income growth rate + $6, 500 = Per year until lifetime income activation = Income credit X deferral years This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific contract. NOTE: GLIA is recalculated at each contract anniversary. $8, 938 Per year 1010

Case study: Meet Doris A hypothetical example Wants to retire in seven years AT AGE 65 Objective • Income that will last for the rest of her life when she retires • Generate more retirement income without the risk of market volatility • Maintain access to her money for life’s unexpected moments Solution • • 1 Doris uses $100, 000 of her savings to purchase the Assured Edge Income Builder fixed annuity Because she waits seven years before activating income, she will receive $9, 913 each year for life 1 Doris can be confident in knowing her principal is protected She maintains access to the contract value in case of emergency Income may be less than shown if any withdrawals are taken before activating lifetime income, if excess withdrawals are taken after the election of lifetime income withdrawals, or if the contract is annuitized using the contract’s annuity provisions. This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific contract. NOTE: GLIA is recalculated at each contract anniversary. 1111

Hypothetical example assumptions: Assured Edge Income Builder (Single Life); $100, 000 premium; 6. 50% hypothetical income percentage to establish initial GLIA; no withdrawals are taken during the first seven years; 7. 5% income credit for seven years (income growth rate multiplied by the initial GLIA determines income credit); lifetime income withdrawals begin in seven years. This hypothetical example is not to scale. It is provided for illustrative purposes only and is not an actual case. The chart is intended solely to depict how Assured Edge Income Builder might work and does not reflect the performance of any specific contract. Guaranteed lifetime income amount (GLIA) Predictable lifetime income that increases Doris activates lifetime income in seven years. She is guaranteed to receive $9, 913 each year for as long as she lives. 2 Issue Age: 65 and wants to retire at AT AGE 65 age 72 Doris can automatically grow her future lifetime income by a $487. 50 income credit each year until she activates income. $9, 913 $9, 425 $8, 938 $8, 450 $7, 963 $7, 475 $6, 988 $6, 500 0 2 1 2 3 4 Contract Anniversary 5 6 To realize the full benefit of lifetime income, withdrawals must not exceed the guaranteed lifetime income amount. 7 1212

Case study: Meet Angela and John A hypothetical example AT AGE 65 Spouses who want to retire in five years Growing future income • Using an eligible premium of $100, 000, Angela and John have an initial income percentage of 5. 50% • Because they wait five years before activating lifetime income, they will receive $7, 563 each year for life • The principal is protected • They maintain access to the contract value in case of an emergency This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific contract. NOTE: GLIA is recalculated at each contract anniversary. 1313

This hypothetical example demonstrates the GLIA based on the younger owner's age increasing each year until income is activated. By deferring income for five years, the annual GLIA increases from $5, 500 to $7, 563. This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific contract. Restrictions and limitations apply. Guaranteed lifetime income amount (GLIA) Predictable lifetime income that increases When Angela and John activate Issue Age: 65 andlifetime income , they are to receive $7, 563 wants to retire atguaranteed AT AGE 65 Angela and John can each year for as long as either of age 72 them live. 2 automatically grow their future lifetime income 5. 5% withdrawals $100, 000 by a $412. 50 income credit every year until income is activated. $5, 500 $7, 563 $7, 150 $6, 738 $6, 325 $5, 913 $5, 500 0 2 To 1 2 3 4 Contract Anniversary 5 realize the full benefit of lifetime income, withdrawals must not exceed the guaranteed lifetime income amount. 6 7 1414

Guaranteed income can help reduce the withdrawal strain Meet Richard • • Needs $120, 000 per year to cover his total annual retirement expenses. He will receive $40, 000 in guaranteed income from Social Security and a pension, leaving an $80, 000 income gap. He has $2, 000 in retirement assets earmarked for retirement income and he is considering two different income strategies. Scenario 1: Unprotected systematic withdrawal strategy In this scenario, Richard takes an $80, 000 systematic withdrawal from his $2, 000 portfolio to cover the income gap. • His portfolio withdrawal rate – how much he withdraws from his retirement savings portfolio each year – is 4% ($80, 000/$2, 000). • His income reliability ratio – how much he can rely on his portfolio for guaranteed income – is 33% ($40, 000/$120, 000). After 20% decline in account value Portfolio balance: $1, 600, 000 Portfolio balance: $2, 000 Portfolio withdrawal rate: 4% Income reliability ratio: 33% Social Security/ Pension Portfolio $40, 000 withdrawal $80, 000 Portfolio withdrawal rate: 5% Income reliability ratio: 33% Assuming a 20% decline in account value, his new portfolio withdrawal rate is 5%, putting greater pressure on his portfolio to provide lifetime income. In today’s environment, Richard’s portfolio withdrawal rate and low income reliability ratio increase his probability of outliving his savings. If the market declines, even more pressure will be put on his portfolio to provide lasting income while using a withdrawal rate that may not be sustainable over the long term. This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific policy. Restrictions and limitations apply. 1515

Guaranteed income can help reduce the withdrawal strain Scenario 2: Protected income floor strategy with Assured Edge Income Builder • Richard repositions $640, 000 of his overall portfolio to Assured Edge Income Builder fixed annuity to generate an annual guaranteed lifetime income amount of $42, 250, assuming a current income percentage of 6. 50% Single Life. • This strategy reduces his income gap by more than 50% (from $80, 000 to $37, 750). After 20% decline in account value Portfolio balance: $2, 000 • Investments: $1, 350, 000 • Assured Edge: $650, 000 Social Security/ Pension $40, 000 Portfolio balance: $1, 730, 000 Portfolio withdrawal rate: 2. 8% Income reliability ratio: 69% • Investments: $1, 080, 000 • Assured Edge: $650, 000 Portfolio withdrawal $37, 750 Portfolio withdrawal rate: Assured Edge $42, 250 3. 5% Income reliability ratio: In the event of a portfolio decline of 20%, Richard’s withdrawal rate would be 3. 5% (vs. the 5% associated with the systematic withdrawal strategy, post decline). 69% The result? Richard is protected and: • Pressure is taken off of Richard’s investment portfolio, given his withdrawal rate is 2. 8% vs. 4% with the systematic withdrawal strategy • His income reliability ratio has more than doubled from 33% to 69% What’s more, with Assured Edge Income Builder, if Richard did not need income right away, he would also have the opportunity to increase his guaranteed lifetime income amount based on a 7. 5% income growth rate every year he doesn’t take a withdrawal until lifetime withdrawals begin. This hypothetical example is for illustrative purposes only. Not an actual case and intended solely to depict how the product features might work. It does not reflect the value of any specific policy. Restrictions and limitations apply. 1616

Covered persons under the guaranteed lifetime withdrawal benefit Single covered person § Must be the owner and annuitant (except for non-natural owners) § Joint owners must be spouses and may select benefits to be based on a single person § The GLWB terminates upon the death of the single covered person Joint covered persons § Must be spousal joint owners or a single owner with the spouse designated as the sole primary beneficiary § Surviving spouse must continue the contract to receive lifetime benefits § The GLWB terminates upon the death of the surviving spouse 1717

Changes in covered persons under the guaranteed lifetime benefit Assured Edge Income Builder offers additional flexibility for changes in covered person(s) Subject to certain limitations, clients have the opportunity to change the number of individuals covered under the GLWB to meet varying income needs, or to address life change events like marriage, divorce or death of a spouse. If a change in the covered person(s) is made, the income percentage will be adjusted, resulting in a recalculation of the GLIA. This may increase or decrease the GLIA. • Prior to activation date, changes to the covered person(s) may be made if a life change event occurs. Life change events are defined as marriage, divorce or death • At the activation date, clients can change, add or remove a covered person • After the activation date, no changes to covered persons can be made for any reason In the event there is more than one covered person, covered persons must be married to each other. If a change to a covered person occurs due to a life change event or on the activation date, at least one of the original covered persons named at issue must remain as one of the covered persons. The new covered person added must have been at least 50 as of the original contract issue date and cannot be older than age 80 at the time they are added to the contract. Available coverage options may vary depending upon individual circumstances as of the activation date. 1818

Maintain access and protect your principal If you need access to your money, certain withdrawals are available without a withdrawal charge or market value adjustment (MVA). Beginning in the first contract year, you may take multiple withdrawals ($250 minimum amount) of up to 10% of the contract value, as of the previous anniversary, with no withdrawal charge or MVA. If a withdrawal occurs in the first contract year, the withdrawal amount is based on the eligible premiums received at the time of the withdrawal. These are called penalty-free withdrawals. Other penalty-free withdrawals: § Withdrawals made to satisfy permitted Required Minimum Distributions (RMDs) based on this contract and taken under the company’s automated RMD program § Withdrawals up to the guaranteed lifetime income amount after lifetime income has been activated 1919

Withdrawals Before activating lifetime income: § Withdrawals (including RMDs) will reduce the income credit and the GLIA proportionately, thereby reducing future lifetime income. After activating lifetime income: § Any withdrawal that exceeds the GLIA except for permitted RMDs will reduce the GLIA. Permitted RMDs are those based on this contract and taken under the company’s automated RMD program. 2020

Withdrawal charge schedule • Withdrawals in excess of penalty-free withdrawal amounts will be subject to a withdrawal charge from the contract date as follows: Seven-Year Initial Guarantee Rate Term Contract year 1 2 3 4 5 6 7 Withdrawal charge 7% 6% 5% 4% 3% 2% 1% Thereafter 0% Withdrawal charges are applied as a percentage of the contract value being withdrawn (before application of the market value adjustment (MVA), if any) in excess of free withdrawal amounts. • After the withdrawal charge period, no MVA or withdrawal charge will apply to any withdrawals. 2121

Market value adjustment (MVA) The MVA is an adjustment that can either increase or decrease the withdrawal amount depending on the current interest rate environment. • When interest rates at the time of withdrawal are higher than the level at the time the contract is issued, the MVA will decrease the withdrawal amount. • If interest rates are down, the MVA will increase the withdrawal amount. • Should an MVA decrease apply, the amount charged will not result in you receiving less than the minimum withdrawal value as defined in your contract. MVA does not apply to withdrawals representing penalty-free withdrawal amounts, RMDs, annuitization or death benefit. An external index referenced in your contract is used to measure rates. 2222

Withdrawal charge waivers You’re prepared for life’s “just in case” moments These riders allow you to make withdrawals without a withdrawal charge or MVA when certain conditions are met. They are not available in all states. If you choose to take a withdrawal under these riders, they may reduce benefits under the GLWB benefit. Extended Care waiver In case you are confined to a qualifying institution or extended care facility for 90 consecutive days or longer beginning after the first contract year. Terminal Illness waiver In the event you are diagnosed with a terminal illness that is expected to result in death within one year. Activities of Daily Living waiver In case you cannot perform two or more of the six defined activities of daily living for at least 90 consecutive days. 2323

Additional details Annuitization • You can decide to permanently convert the contract value into a series of payments after three years. Withdrawal charges and MVA will not apply to annuitized funds. • If you annuitize the contract, the GLWB feature is automatically cancelled and lifetime income withdrawals and the rider fee will stop. 2424

Additional details When income must begin If the contract value is greater than zero at age 95 (if joint owned, based on the age of the older owner) and guaranteed lifetime withdrawal benefits have not begun you may: • Begin income under the guaranteed lifetime withdrawal benefit • Annuitize the remaining contract value and choose an income plan • Surrender the contract and withdraw the remaining contract value We will automatically begin your lifetime income withdrawals if you do not take action by the contract maturity date of age 95. For tax-qualified annuities, generally income must begin by April 1 of the year after the annuitant reaches age 70½ unless RMD requirements are being satisfied elsewhere. However, the contract must be annuitized, surrendered or GLWB income must begin no later than age 95. 2525

Additional details Protection for your family • The death benefit equals the greater of the contract value (without withdrawal charge or MVA) or the minimum withdrawal value. • For joint GLWB coverage, the surviving spouse must continue the contract to receive lifetime income payments. 2626

Assured Edge Income Builder A tax-deferred fixed annuity that features a flexible guaranteed lifetime withdrawal benefit can: • GUARANTEE your retirement income – for life • GROW future lifetime income based on a 7. 5% income growth rate each year until you activate lifetime income • PROTECT your principal because there is no market participation – providing a greater sense of security Assured Edge Income Builder can help you prepare today for a more secure retirement tomorrow. 2727

Important Information Annuities are long-term retirement saving vehicles. Retirement accounts such as IRAs can be tax deferred regardless of whether or not they are funded with an annuity. The purchase of an annuity within an IRA does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefits. This information is general in nature, may be subject to change and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U. S. federal, state or local tax penalties. For advice concerning your situation, clients should consult their professional attorney, tax advisor or accountant. Annuities issued by American General Life Insurance Company (AGL), Houston, TX. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). May not be available in all states and product features may vary by state. Please refer to the contract. © American International Group, Inc. All rights reserved. AGL 14399 (04/2019) J 244804 Contract #s: ICC 16: 224; Rider #s: ICC 18: AGE-8065 (8/18) 2828