YEAR 1 MONTH TO DATE 3 MONTHS 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 MONTH 3 MONTHS

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1 Not FDIC Insured No Bank Guarantee May Lose Value The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value will fluctuate. Upon redemption, shares may be worth more or less than their original cost. Current performance may be lower or higher than return data quoted herein. Benchmark index performance and additional disclosures follow the investment choice performance. The bracketed [ ] number displayed next to the investment choice name represents the appropriate benchmark for that investment choice. Refer to the Benchmarking Indices section directly following the investment choice performance. LAST QUARTER END: DECEMBER 31, 2016 LAST MONTH END: DECEMBER 31, 2016 INVESTMENT CHOICE [BENCHMARK INDEX] Short Bonds/Stable/MMkt Stable Value Transamerica Stable Value Core Account (Perf. Incp.: 01/20/2010) Interm./Long-Term Bond Intermediate-Term Bonds AEGON Bond Ret Acct PX [13] Pioneer Bond Ret Acct PX [19] Government Bonds DFA Inflation-Protected Securities Portfolio Ret Acct PX [24] Aggressive Bonds High Yield Bonds Transamerica Partners High Yield Bond Ret Acct PX [22] Large-Cap Stocks Large-Cap Value Stocks Invesco Comstock Ret Acct PX [15] Large-Cap Blend Stocks American Century Equity Growth Ret Acct PX [20] Transamerica Partners Stock Index Ret Acct PX [20] Large-Cap Growth Stocks American Funds AMCAP Ret Acct PX [14] Small/Mid-Cap Stocks Mid-Cap Value Stocks Principal MidCap Value III Ret Acct PX [18] Mid-Cap Growth Stocks Franklin Small-Mid Cap Growth Ret Acct PX [17] Small-Cap Blend Stocks Vanguard Small-Cap Index Ret Acct PX [21] Small-Cap Growth Stocks Hartford Small Cap Growth HLS Ret Acct PX [16] International Stocks World/Foreign Stocks MFS International Value Ret Acct PX [25] Transamerica International Equity Ret Acct PX [27] Invesco International Growth Ret Acct PX [26] 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S * * EXPENSE RATIO

2 Not FDIC Insured No Bank Guarantee May Lose Value LAST QUARTER END: DECEMBER 31, 2016 LAST MONTH END: DECEMBER 31, 2016 INVESTMENT CHOICE [BENCHMARK INDEX] Emerging Market Stocks DFA Emerging Markets Portfolio Ret Acct PX [23] Multi-Asset/Other Target Date Investment Choices Vanguard Target Retirement Income Ret Acct PX [2] Vanguard Target Retirement 2010 Ret Acct PX [3] Vanguard Target Retirement 2015 Ret Acct PX [4] Vanguard Target Retirement 2020 Ret Acct PX [5] Vanguard Target Retirement 2025 Ret Acct PX [6] Vanguard Target Retirement 2030 Ret Acct PX [7] Vanguard Target Retirement 2035 Ret Acct PX [8] Vanguard Target Retirement 2040 Ret Acct PX [9] Vanguard Target Retirement 2045 Ret Acct PX [10] Vanguard Target Retirement 2050 Ret Acct PX [11] Vanguard Target Retirement 2055 Ret Acct PX [12] (Perf. Incp.: 08/17/2010) Vanguard Target Retirement 2060 Ret Acct PX [1] (Perf. Incp.: 01/18/2012) 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S * * * N/A * N/A 1.61 EXPENSE RATIO

3 Not FDIC Insured No Bank Guarantee May Lose Value LAST QUARTER END: DECEMBER 31, 2016 LAST MONTH END: DECEMBER 31, 2016 BENCHMARKING INDICES 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S 1 MONTH TO DATE 3 MONTHS 1 3 S 5 S 10 S 1 Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Income Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Morningstar Lifetime Allocation Moderate Bloomberg Barclays US Government/Credit Long Russell 1000 Growth Russell 1000 Value Russell 2000 Growth Russell Mid Cap Growth Russell Mid Cap Value Bloomberg Barclays US Aggregate Bond Russell Russell BofAML US High Yield Master II MSCI EM Bloomberg Barclays US Treasury US TIPS MSCI ACWI Ex USA MSCI ACWI Ex USA Growth MSCI ACWI Ex USA Value

4 * Performance shown since inception is from the performance inception date listed. The benchmarking index shown covers the entire period. INVESTMENT RISK 00 Stable Value - An investment that seeks to preserve principal, and provide consistent returns and liquidity. Stable value investment choices seek capital preservation, but they do carry potential risks. Stable value investment choices may be comprised of or may inve in annuity or investment contracts issued by life insurance companies, banks, and other financial institutions. Stable value investment choices are subject to the risk that the insurance company or other financial institution will fail to meet its commitments, and are also subject to general bond market risks, including interest rate risk and credit risk. Stable Value - Stable Value Investment Choices (if applicable) - The Transamerica Stable Value investment choices are backed by the general account of Transamerica Life Insurance Company ("TLIC") or Transamerica Financial Life Insurance Company ("TFLIC While TLIC or TFLIC declare rates and back the principal and interest of these investment choices, any guarantees are subject to the claims paying ability of the insurance company. This investment choice is not guaranteed by the FDIC or any other government agen Although plan participants generally may withdraw assets from the stable value investment choice without restrictions, TLIC/TFLIC may impose a hold period at the contract level in the event of a full contract discontinuance, partial contract discontinuance, or certain transfers. Certain unaffiliated separate account stable value investment choices (which are not supported by an insurance company general account) also may be available for investment under your plan. These stable value investment choices instead invest in stable value fund bank collective trusts. Please note that not all stable value investment choices may be available for your plan, and some are only available when combined with a specified investment choice line-up. Stable value investment choices may be subject to book value adjustments for withdrawal under certain circumstances, and the fees associated with stable value investment choices generally reflect different crediting rate/charge structure combinations. Please consult your financial advisor for more information regarding the stable value investment choices available for your plan, including any alternative investment choice line-ups. Intermediate-Term Bonds - Debt securities issued by governments, corporations, and others, typically with durations of 3.5 to 6 years. The value of bonds changes in response to changes in economic conditions, interest rates, and the creditworthiness of individual issuers. Bonds can lose value as interest rates rise, and an investor can lose principal. Government Bonds - Debt securities issued by governments or their agencies (e.g., U.S. Treasury Bills). The value of bonds changes in response to changes in economic conditions, interest rates, and the creditworthiness of individual issuers. Bonds can lose value interest rates rise, and an investor can lose principal. Any U.S. government guarantees of the securities pertain only to those securities and not to portfolios that invest in them. High Yield Bonds - Lower-rated debt securities (commonly referred to as junk bonds). High-yield bonds involve additional risks because of the lower credit quality of the securities. The investor should be aware of the possible higher level of volatility and increased ris default. Large-Cap Value Stocks - An investment category that mostly comprises stocks of large companies that are believed to be priced below what they are really worth. Stocks have historically offered the potential for greater long-term returns, but also entail greater short-term risks than other investments. Value stocks may be subject to special risks that have caused the stocks to be out of favor and undervalued in the opinion of the portfolio managers who invest in them. Large-Cap Blend Stocks - An investment category that mostly comprises both value and growth stocks of large companies. Stocks have historically offered the potential for greater long-term returns, but also entail greater short-term risks than other investments. Ble strategies are subject to both growth and value risks. Large-Cap Growth Stocks - An investment category that mostly comprises stocks of large companies whose earnings are expected to grow more quickly than the market average. Stocks have historically offered the potential for greater long-term returns, but also en greater short-term risks than other investments. Most growth investments offer higher potential capital appreciation but usually at above-average risk. Growth stocks can perform differently than other types of stocks and the market as a whole and can be more volatile than other types of stocks. Mid-Cap Value Stocks - An investment category that mostly comprises stocks of mid-size companies that are believed to be priced below what they are really worth. Stocks have historically offered the potential for greater long-term returns, but also entail greater short-term risks than other investment choices. Mid-cap stocks may be more vulnerable to market downturns, and their prices could be more volatile than those of larger companies. Value stocks may be subject to special risks that have caused the stocks to be out of favor and undervalued in the opinion of the portfolio managers who invest in them. Mid-Cap Growth Stocks - An investment category that mostly comprises stocks of mid-size companies whose earnings are expected to rise faster than the market average. Stocks have historically offered the potential for greater long-term returns, but also entail greater short-term risks than other investment choices. Mid-cap stocks may be more vulnerable to market downturns, and their prices could be more volatile than those of larger companies. Most growth investments offer higher potential capital appreciation but usuall above-average risk. Growth stocks can perform differently than other types of stocks and the market as a whole and can be more volatile than other types of stocks. Small-Cap Blend Stocks - An investment category that mostly comprises a blend of both value and growth stocks of small companies. Stocks of small companies involve additional risks, including a higher risk of failure, and are not as well established as large, blue-chip companies. Historically, small-company stocks have experienced greater price volatility than the overall market. Blend strategies are subject to both growth and value risks. Small-Cap Growth Stocks - An investment category that mostly comprises stocks of small companies whose earnings are expected to rise faster than the market average. Small-company stocks involve additional risks, including a higher risk of failure, and are not a well established as large, blue-chip companies. Historically, small-company stocks have experienced greater price volatility than the overall market average. Growth stocks can perform differently than other types of stocks and the market as a whole and can be more volatile than other types of stocks. World/Foreign Stocks - This investment category focuses on stocks of companies primarily (world, a.k.a. global) or exclusively (foreign, a.k.a. international) outside the United States and involves special additional risks. The risks of world/foreign stocks include, but not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging, or developing, markets may accentuate these risks.

5 Emerging Market Stocks - This investment category focuses on stocks of companies in emerging or developing countries or regions. Emerging market stocks involve special additional risks, including but not limited to, currency risk, political risk, and risk associated with varying accounting standards. Historically, emerging market stocks have experienced a greater degree of price volatility than stocks from developed markets. Target Date Investment Choices - Target date options generally invest in a mix stocks, bonds, cash equivalents, and potentially other asset classes, either directly or via underlying investments, and may be subject to all of the risks of these asset classes. The investment choices' allocations become more conservative over time: The percentage of assets allocated to stocks will decrease while the percentage allocated to bonds will increase as the target date approaches. The higher the allocation is to stocks, the greater th risk. The principal value of the investment option is never guaranteed, including at and after the target date. The benchmarks are unmanaged indices and have no fees or expense charges. One cannot invest directly in an index. Trading restrictions and/or redemption fees may apply to the investment choices. For additional information, view the investment fact sheets which can be found on the product specific website indicated under additional notes. ADDITIONAL NOTES AND BENCHMARK INDEX DESCRIPTIONS The separate account investment choices offered are exempt from registration with the SEC; therefore, no prospectuses are filed for them. However, certain of the separate account investment choices, other than the Stable Value investment choice(s), invest in mutual funds which are subject to SEC registration. Prospectuses for these mutual funds can be ordered directly from the fund company or obtained upon request from Transamerica Retirement Solutions at Investors should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The prospectus for each fund contains this and other important information about that fund. Read each prospectus carefully before investing. Additional information on all the investment choices is available on the investment fact sheets. Effective January 1, 2013, any reference to Transamerica Retirement Services Corporation has been replaced with Transamerica Retirement Solutions Corporation. To view the investment fact sheets, please visit Performance shown is average annual total separate account investment choice returns (except 1 month, last quarter, and year-to-date) for the period indicated, net of the total operating expenses of the separate account or underlying investment as listed on the indi investment fact sheets. Performance returns reflect reinvestment of dividends and capital gains distributions. Application of the contract asset charge and any discontinuance charges or service fees deducted from the account would reduce this return. For separate account investment choices invested in mutual fund shares, except as otherwise indicated, historical performance prior to the separate account investment choice inception is calculated utilizing past performance for the underlying mutual fund. Past performance is not a guarantee of future performance. An investment in these investment choices is subject to market risk and an investor may experience loss of principal. Depending on the features elected by your plan a surrender charge may apply at the time the investment contract is terminated. Transamerica Retirement Solutions ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company ("TFLIC"), 440 Mamaroneck Avenue, Harrison, New York 10528, and other of its affiliates, specializes in the promotion of retirement plan produ services. Investment choices are available from Transamerica Retirement Solutions under contract form number TA-PC-2000-CONT and certificate of participation form number TA-PC-CERT, using a master group variable accumulation contract underwritten by TFLI product is not available for issue in Hawaii, Nevada, Oklahoma, Washington, and South Dakota. TFLIC is not authorized and does not do business in the following jurisdictions: Guam, Puerto Rico, and the U.S. Virgin Islands. Fees and charges may apply. For comple information, contact your Transamerica representative. Not FDIC Insured. May Lose Value. No Bank Guarantee. Effective January 1, 2013, any reference to Transamerica Retirement Services Corporation has been replaced with Transamerica Retirement Solutions Corporation. The expense ratios quoted reflect the maximum total operating expenses of the separate account investment choices as listed on the current quarterly investment fact sheets. Contract asset charges may apply, varying by policy terms and by total contract assets. Discontinuance charges may also apply depending on contract terms. Please see your contract for details. These are the investment choices and applicable expense classes selected for your plan. Additional expense classes may be available, please consult with your financial advisor. ADDITIONAL NOTES Transamerica Stable Value Core Account - Performance shown for the Transamerica Stable Value Core Account is the annual effective credited rate for the period shown. Application of the contract asset charge and any discontinuance charges or service fees ded from an account would reduce a participants return. The Transamerica Stable Value Core Account is available under contract form number TA-AP-2001-CONT, a group variable annuity contract issued by Transamerica Financial Life Insurance Company ("TFLIC"), 44 Mamaroneck Avenue, Harrison, New York TFLIC is not authorized and does not do business in the following jurisdictions: Guam, Puerto Rico, and the U.S. Virgin Islands. The Transamerica Stable Value Core Account is an investment choice held by the gene account of TFLIC. The assets in the general account are supported by the financial stability of TFLIC. While TFLIC declares interest rates and backs the principal and interest of this investment choice, any guarantees are subject to the claims paying ability of the insu company. Although plan participants generally may withdraw assets from the Stable Value investment choice without restrictions, a hold can apply on the plan's assets in a Stable Value investment choice. If a plan sponsor wishes to remove a Transamerica Stable Va investment choice as an option from the plan, then depending on the contract, TFLIC may impose a hold for up to a 270-day period on the Stable Value investment choice assets at the plan level if the most recently announced upcoming credited rate has increased o changed. Transamerica will provide at least 45 days advance notice of any interest rate change for each semi-annual period. Additionally, under limited circumstances, Transamerica may impose up to a 12-month delay period on all withdrawal requests from all plan sponsors at the plan level.

6 Pioneer Bond Ret Acct PX - This Separate Account invests in the Pioneer Bond Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separa Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separate Account are 0.8 The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the underlying TLIC Separate Account. DFA Inflation-Protected Securities Portfolio Ret Acct PX - This Separate Account invests in the DFA Inflation-Protected Securities Portfolio Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calcula utilizing past performance for the underlying TLIC Separate Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net and Admin Charges on this Separate Account are 1.45%. The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charg underlying TLIC Separate Account. Transamerica Partners High Yield Bond Ret Acct PX - This Separate Account invests in the Transamerica Partners High Yield Bond Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated uti past performance for the TLIC Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.56% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separate Account are 1.61%. The underlying TLIC Separate Account invested in the Investor Class Shares of the underlying mutual fund prior to but currently invests in the Transamerica Partners High Yield Bond - Collective Trust Fund. As this date, the underlying TLIC Separate Account charges changed. The underlying TLIC SAM and Admin Charges were 1.05%. No adjustments have been made to performance prior to to reflect the difference between the charges and expenses for the und TLIC Separate Account invested in the mutual fund from the charges for the underlying TLIC Separate Account invested in the collective trust fund. Invesco Comstock Ret Acct PX - This Separate Account invests in the Invesco Comstock Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TL Separate Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separate Accou are 1.20%. The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the underlying TLIC Separate Account. T historical return prior to is calculated based on the performance of the Class A Shares but is not restated to reflect any differences in expenses between the Inst Class Shares and Class A Shares. American Century Equity Growth Ret Acct PX - This Separate Account invests in the American Century Equity Growth Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separate Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net SAM and Ad Charges on this Separate Account are 1.10%. The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the un TLIC Separate Account. Transamerica Partners Stock Index Ret Acct PX - This Separate Account invests in the Transamerica Partners Stock Index Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing pas performance for the TLIC Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.89% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charge this Separate Account are 1.47%. The underlying TLIC Separate Account invested in the Investor Class Shares of the underlying mutual fund prior to but currently invests in the Transamerica Partners High Yield Bond - Collective Trust Fund. As of this date underlying TLIC Separate Account charges changed. The underlying TLIC SAM and Admin Charges were 0.58%. No adjustments have been made to performance prior to to reflect the difference between the charges and expenses for the underlying TLIC Separate Account invested in the mutual fund from the charges for the underlying TLIC Separate Account invested in the collective trust fund. Franklin Small-Mid Cap Growth Ret Acct PX - This Separate Account invests in the Franklin Small-Mid Cap Growth Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past perform for the TLIC Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.78% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Sep Account are 2.05%. Effective , the underlying TLIC Separate Account is advised by Franklin Advisors, Inc. and is subject to the underlying TLIC SAM and Admin Charges. Prior to , the underlying TLIC Separate Account invested in the Franklin Small-Mid Cap Growth Fund (Class A shares) and was subject to different underlying TLIC SAM Charges, Admin Charges and the underlying mutual fund expenses. No adjustments have been made to performance prior to to reflect the difference between charges and expenses for the underlying TLIC Separate Account invested in the mutual fund from the charges for the underlying TLIC direct advised Separate Account. Vanguard Small-Cap Index Ret Acct PX - This Separate Account invests in the TA Vanguard Small-Cap Index Ret Opt (Class 20), a TLIC Separate Account. Prior to , the underlying TLIC Separate Account invested in the Signal Class Shares but currently invests in the Admiral Class Shares of the underlying mutual fund. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separate Account and adjusted for all net Separate Account Mainten (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separate Account are 1.45%. The historical performance prior to the underlying TLIC Sepa Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the underlying TLIC Separate Account. Hartford Small Cap Growth HLS Ret Acct PX - This Separate Account invests in the Hartford Small Cap Growth HLS Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separate Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.70% higher Admin Charge associated with Investment Account Class 20. The net SAM and Ad Charges on this Separate Account are 1.40%. The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the un TLIC Separate Account.

7 MFS International Value Ret Acct PX - This Separate Account invests in the MFS International Value Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance for the TL Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.70% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separate Accou 0.95%. The historical performance prior to the TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the TLIC Separate Account. The historical return prior to is calculated based on the performance of the Class A shares, adjusted to take into account differences in sales loads and class-specific operating expenses (such as Rule 12b-1 fees), if any, for periods prior to their offering. Transamerica International Equity Ret Acct PX - This Separate Account invests in the Transamerica International Equity Ret Opt (Class 20), a TLIC Separate Account.The historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separate Account and adjusted for all net Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the 0.74% higher Admin Charge associated with Investment Account Class 20. The net SAM and Ad Charges on this Separate Account are 0.74%. The historical performance prior to the underlying TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the un TLIC Separate Account. The historical return prior to is calculated based on the performance of the Class I Shares of the underlying mutual fund but is recalculated to reflect the additional 0.30% annual maximum service fee associated with the Class A Sha Invesco International Growth Ret Acct PX - This Separate Account invests in the Invesco International Growth Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing past performance the TLIC Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.65% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charges on this Separa Account are 2.10%. Effective , the underlying TLIC Separate Account is direct-advised by Invesco Advisers, Inc. and is subject to underlying TLIC SAM and Admin Charges. Prior to , the underlying TLIC Separate Account invested in the AIM International Growth Fund (Class A) and was subject to different SAM Charges, Admin Charges and the underlying mutual fund expenses. No adjustments have been made to performance prior to to reflect the difference between the charges and expenses underlying TLIC Separate Account invested in the mutual fund from the charges for the direct-advised underlying Separate Account. Vanguard Target Retirement Income Ret Acct PX - Effective , the underlying mutual fund of the TLIC Separate Account in which this Separate Account invests merged into the Vanguard Target Retirement Income Fund, which has a similar investment obj and as a result of this merger, effective , the Vanguard Target Retirement 2005 Ret Acct PX changed its name to the Vanguard Target Retirement Income Ret Acct PX. The Vanguard Target Retirement Income Ret Acct PX invests in the TA Vanguard Targe Retirement Income Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement Income Ret Acct PX historical performance prior to the Separate Account inception is calculated utilizing past performance for the underlying TLIC Separate Account and adjuste Separate Account Maintenance (SAM) and Administrative (Admin) Charges. The historical performance prior to the TLIC Separate Account portfolio inception date is calculated utilizing actual past performance for the underlying mutual fund and adjusted for SAM and Charges. Vanguard Target Retirement 2010 Ret Acct PX - The Vanguard Target Retirement 2010 Ret Acct PX invests in the TA Vanguard Target Retirement 2010 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2010 Ret Acct PX historical performanc Vanguard Target Retirement 2015 Ret Acct PX - The Vanguard Target Retirement 2015 Ret Acct PX invests in the TA Vanguard Target Retirement 2015 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2015 Ret Acct PX historical performanc Vanguard Target Retirement 2020 Ret Acct PX - The Vanguard Target Retirement 2020 Ret Acct PX invests in the TA Vanguard Target Retirement 2020 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2020 Ret Acct PX historical performanc Vanguard Target Retirement 2025 Ret Acct PX - The Vanguard Target Retirement 2025 Ret Acct PX invests in the TA Vanguard Target Retirement 2025 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2025 Ret Acct PX historical performanc Vanguard Target Retirement 2030 Ret Acct PX - The Vanguard Target Retirement 2030 Ret Acct PX invests in the TA Vanguard Target Retirement 2030 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2030 Ret Acct PX historical performanc Vanguard Target Retirement 2035 Ret Acct PX - The Vanguard Target Retirement 2035 Ret Acct PX invests in the TA Vanguard Target Retirement 2035 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2035 Ret Acct PX historical performanc Vanguard Target Retirement 2040 Ret Acct PX - The Vanguard Target Retirement 2040 Ret Acct PX invests in the TA Vanguard Target Retirement 2040 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2040 Ret Acct PX historical performanc

8 Vanguard Target Retirement 2045 Ret Acct PX - The Vanguard Target Retirement 2045 Ret Acct PX invests in the TA Vanguard Target Retirement 2045 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2045 Ret Acct PX historical performanc Vanguard Target Retirement 2050 Ret Acct PX - The Vanguard Target Retirement 2050 Ret Acct PX invests in the TA Vanguard Target Retirement 2050 Ret Opt, a TLIC Separate Account. The Vanguard Target Retirement 2050 Ret Acct PX historical performanc Vanguard Target Retirement 2055 Ret Acct PX - This Separate Account invests in the TA Vanguard Target Retirement 2055 Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception is calculated utilizing pas performance for the TLIC Separate Account and adjusted for all Separate Account Maintenance (SAM) and Administrative (Admin) Charges, including the additional 0.70% Admin Charge associated with Investment Account Class 20. The net SAM and Admin Charge this Separate Account are 1.45%. The historical performance prior to the TLIC Separate Account inception is calculated utilizing actual past performance for the underlying mutual fund and adjusted for all net SAM and Admin Charges on the TLIC Separate Account. Vanguard Target Retirement 2060 Ret Acct PX - This Separate Account invests in the TA Vanguard Target Retirement 2060 Ret Opt (Class 20), a TLIC Separate Account. The historical performance prior to the Separate Account inception date is calculated utilizin past performance for the underlying mutual fund and adjusted for Separate Account Maintenance (SAM) and Administrative (Admin) Charges. The net SAM and Admin Charges were 1.45% at the time of the Separate Account inception. BENCHMARK INDEX DESCRIPTION Morningstar Lifetime Moderate Income - The Morningstar Lifetime Moderate Income represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor w least ten years into retirement. The Moderate risk profile is for investors who are comfortable with average exposure to equity market volatility. Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2010 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor w near retirement. The Moderate risk profile is for investors who are comfortable with average exposure to equity market volatility. Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2015 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor w about five Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2020 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2025 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2030 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2035 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2040 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2045 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Morningstar Lifetime Moderate The Morningstar Lifetime Moderate 2050 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. This portfolio is held in proportions appropriate for a U.S. investor who is Barclays Capital U.S. Government/Credit Bond TR Index - The Barclays Capital U.S. Government/Credit Bond TR Index represents a combination of the Government and Corporate Bond indices. The returns we publish for the index are total returns, which include reinvestment of dividends. Russell 1000 Growth TR USD - The Russell 1000 Growth TR USD measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 la U.S. companies based on total market capitalization, which represent approximately 98% of the investable U.S. equity market. Russell 1000 Value TR USD - The Russell 1000 Value TR USD measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies based on total market capitalization, which represent approximately 98% of the investable U.S. equity market. Russell 2000 Growth TR USD - The Russell 2000 Growth TR USD is a Market-weighted total return index that measures the performance of companies within the Russell 2000 Index having higher price-to-book ratios and higher forecasted growth values. The Russ 2000 Index includes the 2000 firms from the Russell 3000 Index with the smallest market capitalizations. The Russell 3000 Index represents 98% of the of the investable US equity market.

9 Russell Mid Cap Growth TR USD - The Russell Mid Cap Growth TR USD is a market-weighted total return index that measures the performance of companies within the Russell Midcap Index having higher price-to-book ratios and higher forecasted growth values. T Russell Midcap Index includes firms 201 through 1000, based on market capitalization, from the Russell 3000 Index. The Russell 3000 Index represents 98% of the of the investable US equity market. Russell Mid Cap Value TR USD - The Russell Mid Cap Value TR USD is a market-weighted total return index that measures the performance of companies within the Russell Midcap Index having lower price-to-book ratios and lower forecasted growth values. The Russell Midcap Index includes firms 201 through 1000, based on market capitalization, from the Russell 3000 Index. The Russell 3000 Index represents 98% of the of the investable US equity market. Barclays US Agg Bond TR USD - The Barclays US Agg Bond TR USD is composed of approximately 7,000 asset-backed, corporate, government, and mortgage backed bonds. The index's total return consists of price appreciation/depreciation and income as a percentage of the original investment. The underlying component indexes (BarCap Government/Corporate Bond Index, Mortgage-Backed Securities Index and the Asset-Backed Securities Index) are rebalanced monthly by market capitalization. Russell 1000 TR USD - The Russell 1000 TR USD is a benchmark that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index. Russell 2000 TR USD - The Russell 2000 TR USD consists of the smallest 2000 companies in the Russell 3000 Index, representing approximately 7% of the Russell 3000 total market capitalization. The returns we publish for the index are total returns, which include reinvestment of dividends. BofAML US High Yield Master II TR USD - The BofAML US High Yield Master II TR USD is a commonly used benchmark for Corporate High Yield Bonds. The index tracks the performance of below investment grade US denominated corporate bonds publicly issue in the US domestic market. MSCI Emerging Markets NR Index - The Morgan Stanley Capital International (MSCI) Emerging Markets Free Index is typically made up of stocks from approximately 26 emerging market countries. NDTR_D indexes are calculated daily and take into account actua dividends reinvested daily before withholding taxes, but exclude special tax credits declared by companies. In addition, NDTR_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. Barclays US Treasury US TIPS TR USD - The Barclays US Treasury US TIPS TR USD consists of Inflation-Protection securities issued by the U.S. Treasury. The holdings have at least one year to final maturity, are fixed rate, and are at least investment grade Baa3/BBB-. MSCI ACWI Ex USA NR USD - The MSCI ACWI Ex USA NR USD is a capitalization-weighted index of stocks from Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Columbia, Denmark, Finland, France, Germany, Greece, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Korea, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, and Venezuela. The returns reported for this index are listed in US dollars. NDTR_D indexes provide an estimate of the total return that would be achieved by reinvesting one twelfth of the annual yield reported at every month end. It also takes into account dividends before withholding taxes, but excludes special tax credits declared by companies. In addition, NDTR_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. MSCI ACWI Ex USA Growth NR - The index measures the performance of growth stocks in equity markets outside the U.S. TRS 5285PX-0616