Prepared For. Prepared On. Prepared By

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1 Prepared For Valued Client Prepared On April 18, 2018 Prepared By Stan The Annuity Man Guaranteed Lifetime Riders Sentinel Security Life Insurance Company Guaranteed Lifetime Withdrawal Rider Safe Plus 10: EGMWB Safe Plus American Equity Investment Life Insurance Company Optional Shield Rider Shield 10+ MVA

2 Overview General Information Valued Client, age 55 starts after 20 years at age 75 State: Florida Premium $ 100,000 For products that use market interest, no interest (0%) is used in the calculations Guaranteed Lifetime Riders Sentinel Security Life Insurance Company Guaranteed Lifetime Withdrawal Rider First year benefit: $17,480 Lifetime income value ( 95): $367,078 Safe Plus 10: EGMWB Safe Plus First year benefit: $17,045 Lifetime income value ( 95): $357,955 American Equity Investment Life Insurance Company Optional Shield Rider Shield 10+ MVA First year benefit: $17,010 Lifetime income value ( 95): $357,210 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 2 of 11

3 Payout By This report shows the value of waiting. Each year you wait the income you can receive will increase. The roll up rate will continue to grow and the payout rate will continue to increase for most riders. Florida Premium $ 100, starts after 20 years at age 75 No interest is used in calculations Sentinel Security Life Insurance Company Guaranteed Lifetime Withdrawal Rider With 7.00% Premium Bonus Rollup ,000 Payout Single LifeTime Payment , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,345 Safe Plus 10: EGMWB Safe Plus With 8.00% Premium Bonus Rollup ,000 Payout Single , , , , , , , ,501 LifeTime Enhanced Payment , ,130 12, , ,739 13, , ,580 15, , ,319 16, , ,429 18, , ,439 20, , ,869 21, , ,313 22, , ,770 23, , ,241 24, , ,725 25, , ,102 26, , ,614 27, , ,141 28, , ,684 29, , ,045 34, , ,337 34, , ,629 35, , ,920 35, , ,212 36, , ,504 37, , ,795 37, , ,087 38, , ,378 38, , ,670 39, , ,962 39,923 American Equity Investment Life Insurance Company Optional Shield Rider Shield 10+ MVA With 5.00% Premium Bonus Rollup ,000 Payout Single LifeTime Payment , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,428 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 3 of 11

4 Ledger Comparison The Ledger Comparison shows the values for each rider selected and the cumulative payout value at 5 year intervals. Florida Premium $ 100, starts after 20 years at age 75 No interest is used in calculations Sentinel Security Life Insurance Company. Guaranteed Lifetime Withdrawal Rider With 7.00% Premium Bonus LifeTime Payment , , , , , , , , , , , , , , , , , , , , , , ,076 17, ,596 17, ,116 17, ,636 17,480 5 Year Total 87, ,157 17, ,677 17, ,197 17, ,717 17, ,237 17, Year Total 174, ,757 17, ,277 17, ,797 17, Year Total 262, , Year Total 367,078. Safe Plus 10: EGMWB Safe Plus With 8.00% Premium Bonus LifeTime Payment , , , , , , , , , , , , , , , , , , , , , , ,048 17, ,002 17, ,957 17, ,911 17,045 5 Year Total 85, ,866 17, ,820 17, ,775 17, ,729 17, ,684 17, Year Total 170, ,638 17, ,593 17, ,547 17, Year Total 255, , Year Total 357,955 American Equity Investment Life Insurance Company. Optional Shield Rider Shield 10+ MVA With 5.00% Premium Bonus LifeTime Payment , , , , , , , , , , , , , , , , , , , , , , ,490 17, ,480 17, ,470 17, ,460 17,010 5 Year Total 85, ,450 17, ,440 17, ,430 17, ,420 17, ,410 17, Year Total 170, ,400 17, ,390 17, ,380 17, Year Total 255, , Year Total 357,210 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 4 of 11

5 Annual Ledger The Annual Ledger shows the detail annual calculation revealing how the rider works reflecting all roll up rates, payout rates and fees. Florida Premium $ 100, starts after 20 years at age 75 No interest is used in calculations Guaranteed Lifetime Withdrawal Rider Sentinel Security Life Insurance Company Year Begin Year Interest Rider Fee End Year Guaranteed Lifetime Amount Total End Year w/out Rider , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,520 99, , , , ,596 98, , , , ,675 96, , , , ,759 94, , , , ,639 92, , , , ,771 89, , , , ,909 86, , , , ,055 83, , , , ,207 80, , , , ,368 76, , , , ,536 73, , , , ,713 69, , , , ,899 65, , , , ,094 61, , , , ,298 39, , ,480 17, , , ,036 18, ,076 17,480 34, , , , ,596 17,480 52, , ,116 17,480 69, , ,636 17,480 87, , ,157 17, , , ,677 17, , , ,197 17, , , ,717 17, , , ,237 17, , , ,757 17, , , ,277 17, , , ,797 17, , , ,317 17, , , ,837 17, , , ,357 17, , , ,877 17, , , , , , , , , , , , , , ,000 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 5 of 11

6 Rider Description Guaranteed Lifetime Withdrawal Rider Sentinel Security Life Insurance Company Option Rider The Guaranteed Lifetime Withdrawal Rider is only available if the annuitant is an owner, unless the owner is not a natural person. If the owner is not a natural person, the annuitant will be treated as the owner for the purposes of this rider. If the base policy has joint owners, the Guaranteed Lifetime Withdrawal Rider is only available if the joint owners are spouses. The Guaranteed Lifetime Withdrawal Rider is subject to a minimum issue age of 45 and benefits may begin anytime after the first policy year once the owner has attained the age of 55. Account Value The Account Value will be equal to the initial premium, plus any premium bonus, adjusted for withdrawals, plus interest credited to the Account Value at the Account interest rate, currently 6.00%. Any withdrawal taken under the base policy before Guaranteed Lifetime Withdrawal s begin reduces the Value by the amount of the Withdrawal (including any withdrawal charges, forfeiture of the non vested premium bonus amount and MVA) and reduces the Account Value in proportion to the decrease in the Value. The during the first Term period of 10 years will be equal to 6.00%. If income withdrawals have not started the owner may elect to renew the Guaranteed Lifetime Withdrawal Rider for another Term period, however the maximum term period will not exceed 20 or age 85. Guaranteed Lifetime Withdrawal s At anytime after the age of 55 and after the first policy year, the owner may elect to receive the Guaranteed Lifetime Withdrawal s. The annual GLWB is based on the Account Value at the you elect to being your GLWB. Your first GLWB is based on multiplying the GLWB payout factor by the Account Value to determine your payout amount. Once the GLWB payout factor is determined, it will not change for the duration of the rider. You may elect a single life payout or a joint life payout. Once the GLWB begins you cannot change this election. For a single life payout the GLWB payout factor is based on the age of the person on whose life the GLWB are based at the time of the first GLWB. For a joint life payout, the GLWB payout factor is based on the age of the younger of the persons on whose lives the GLWB are based at the time of the first GLWB. If there is one owner, you may elect a single premium payout based on the owner or a joint life payout based on the lives of the owner and the owners spouse who is the sole beneficiary, If there are joint owners you may elect a single life payout based on the life of either owner or a joint life payout based on the lives of the joint owners who are both listed as primary beneficiaries. You may choose to receive your annual GLWB in a lump sum or in equal monthly, quarterly or semi annual payments, GLWB payments are guaranteed for the remained of your life (or the lives of you and your spouse for a joint life payout), unless excess withdrawals occur. Stop and Restart You may stop and restart the GLWB by written request. If you chose to stop GLWB, you can not apply the amount not received to any future GLWB payments. The amount of the GLWB will be the same upon restarting, unless it is decreased due to an excess withdrawal or incresed because of a step-up. After you elect to receive your fist GLWB, the company will not apply withdrawal charges, forfeiture of the non vested premium bonus amount, or market value adjustment to withdrawals taken in any policy year in which the total amount of all withdrawals do not exceed the amount of the GLWB. Guaranteed Lifetime Withdrawal Step-Up The company will recalculate the amount of the GLWB at every policy anniversary after the first GLWB to equal the greater of the following: The Account Value, multiplied by the original GLWB factor, or The previous GLWB, adjusted for any excess withdrawals since the last policy anniversary. For each policy anniversary for as long as this rider is in force and the accumulation value is greater than zero, the company will deduct a charge from the accumulation value equal to: (a)income value on the policy anniversary, multiplied by (b)the cost of the benefit shown on the GLWB data page. This charge will also be deducted from any payment of any amounts payable at death (2)upon a full withdrawal from the base policy or (3) at the maturity if the entire accumulation value is applied to a settlement option. For a roll-up renewal the company may change the fee up to the maximum of 1.50%. The company will send you a notice 30 days prior to the anniversary at the end of the rollup term of any increase in the rider charge. created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 6 of 11

7 Annual Ledger The Annual Ledger shows the detail annual calculation revealing how the rider works reflecting all roll up rates, payout rates and fees. Florida Premium $ 100, starts after 20 years at age 75 No interest is used in calculations Safe Plus 10: EGMWB Safe Plus Year Begin Year Interest Rider Fee End Year Guaranteed Lifetime , , , , , , , , , , , , , , , , , , , , , , , ,726 99, , , ,851 97, , , ,985 95, , , ,129 93, , , ,283 90, , , ,329 88, , , ,376 86, , , ,423 83, , , ,472 81, , , ,521 78, , , ,572 76, , , ,623 73, , , ,675 71, , , ,729 68, ,895 Amount Total Enhanced Total , ,783 48, , ,045 17,045 34,091 34, , ,605 28, ,048 17,045 34,091 34,091 68, , ,426 9, ,002 17,045 51,136 17,045 85, , , ,957 17,045 68,182 17, , ,911 17,045 85,227 17, , ,866 17, ,273 17, , ,820 17, ,318 17, , ,775 17, ,364 17, , ,729 17, ,409 17, , ,684 17, ,455 17, , ,638 17, ,500 17, , ,593 17, ,546 17, , ,547 17, ,591 17, , ,502 17, ,637 17, , ,456 17, ,682 17, , ,411 17, ,728 17, , , ,773 17, , , ,819 17, , , ,864 17, , , ,910 17, , , ,955 17, ,046 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 7 of 11

8 Rider Description Safe Plus 10: EGMWB Safe Plus Optional Enhanced Guaranteed Minimum Withdrawal Rider Flexible, guaranteed lifetime income withdrawals allow you to maintain control of your financial assets while helping you to avoid outliving your money. Lifetime income withdrawals are available using the Enhanced Guaranteed Minimum Withdrawal (EGMWB) rider. This EGMWB rider is innovatively designed to provide you with level, guaranteed income payments for life. This rider allows you the opportunity to maintain control over your annuity and financial resources, giving you the freedom to withdraw more or less or all of your surrender value. Withdrawing more than the guaranteed withdrawal payment will reduce your guaranteed payment, perhaps even eliminate it, therefore you should carefully consider whether you need or want to do this. Protection against Impairment EGMWB includes a valuable feature that guarantees a higher guaranteed income stream while impaired and the account value is more than zero. If you are a single annuitant, the guaranteed withdrawal payment will be 2.0 times the standard guaranteed withdrawal payment. If you are joint annuitants, the guaranteed withdrawal payment will be 1.5 times the standard guaranteed withdrawal payment. Enhanced may not be available in all states. In order to receive the enhanced guaranteed withdrawal payments you must be certified by a physician as impaired and expected to be permanently unable to perform at least two out of six activities of daily living (ADLs). ADLs include eating, bathing, dressing, transferring, toileting, and continence. Care for the related impairment must be received by a licensed caregiver and cannot be an immediate member of your family. To qualify for this benefit all of the following conditions must apply: The contract must be in force for a minimum of three years with no premiums paid for at least three years. (This benefit will not be available until the completion of three contract years.) The impairment begins at least 1 year after the contract s date of issue. The annuitant is age 60 or older, The annuitant must be a U.S. resident on the approval date and; Must meet ADL guidelines listed above. Check state availability If impairment conditions cease or if the account value has been reduced to $0 (assuming no excess withdrawals), the owner can continue GMWB payments at the original level of 100%. Period During the accumulation period the is the value used to determine the guaranteed withdrawal payment. It is a value that is tracked separately from your account value and is not cash, but a means to determine the guaranteed withdrawal payment. The is the greater of: Initial premium, plus income base bonus or Premiums paid plus vesting bonus in the first year accruing for up to 10 years or age 85 or when withdrawals begin at the current EGMWB annual roll up rate. There is a 1.05% of annual charge for the EGMWB rider. During the accumulation period, any withdrawals will cause the income base to be reduced in proportion to the reduction in the account value. During the accumulation period the can grow as defined above, adjusted proportionately for any withdrawals you may take prior to beginning the guaranteed withdrawal payments. If the income base grows, your guaranteed withdrawal payment will also grow. During the accumulation period, you may elect to restart a new 10-year roll-up period. Restarting a new 10-year period extends the accumulation period and continues the growth of the income base at the annual roll-up rate. reserves the right to change the EGMWB roll-up rate upon restart.the roll-up rate is not to be less than the guaranteed rate of 2.00%. Restart is not available in all states. Withdrawal Period You may begin taking payments through a series of withdrawals annually, semiannually, quarterly or monthly at ANY time after the first contract year, and after having reached age 50. These withdrawal payments can be stopped and started at any time. You may take up to the guaranteed withdrawal payment amount, which is the maximum amount that can be withdrawn each contract year without negatively affecting your. This is the amount guaranteed to be paid for your lifetime, even if your annuity s account value falls to zero (provided no excess withdrawals are taken). The amount of the guaranteed withdrawal payment is a percentage of the, an amount tracked separately from the account value. created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 8 of 11

9 Rider Description Safe Plus 10: EGMWB Safe Plus Maximum Annual Withdrawal Pecentage: Single Joint % 2.20% % 2.25% % 2.35% % 2.45% % 2.55% % 2.65% % 2.80% % 2.95% % 3.05% Single Joint % 3.15% % 3.30% % 3.40% % 3.60% % 3.70% % 3.95% % 4.10% % 4.20% % 4.30% Single Joint % 4.40% % 4.50% % 4.60% % 4.65% % 4.75% % 4.85% % 4.95% % 5.73% % 5.84% Single Joint % 5.95% % 6.06% % 6.17% % 6.28% % 6.39% % 6.50% % 6.61% % 6.72% % 6.83% Single Joint % 6.94% % 7.05% % 7.16% % 7.27% % 7.38% Your guaranteed withdrawal payment amount is calculated by multiplying your by your guaranteed withdrawal percentage and is based on your age at the time you elect to receive income payments. Spousal under this rider can be based on the lives of two people as long as they are joint annuitants and legal spouses. In the case of joint annuitants, the guaranteed withdrawal percentage is determined by the age of the younger of the two annuitants at the time guaranteed withdrawal payments are elected. The guaranteed withdrawal payment is guaranteed to be paid until the death of the second annuitant. Spousal Continuation If the rider is in the accumulation period on the date of the first owner s death, this rider will continue if your spouse continues the contract. The guaranteed withdrawal percentage will be based on your spouse s age, single life, at the time income payments begin. If the rider is in the withdrawal period and the spouse was a joint annuitant under the contract, guaranteed withdrawal payments will continue based on the same annuitant s as it was at the time of owner s death. Contract Maturity At contract maturity (age 100), should you elect a life only payment option of income, then the annuity payment amount is the greater of the annuity payment amount provided under the base contract for that payout option and the guaranteed withdrawal payment. Should you choose another payment option available under the contract, the annuity payment amount will be based on the annuity payment amount provided under the base contract. Excess Withdrawal An excess withdrawal is a withdrawal that causes the total withdrawals for the contract year to exceed the guaranteed withdrawal payment amount. The income base will be reduced in proportion to the reduction in the account value.the guaranteed withdrawal payment amount will be recalculated following an excess withdrawal. Depending on the amount of the withdrawal, surrender charges and other penalties may apply. created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 9 of 11

10 Annual Ledger The Annual Ledger shows the detail annual calculation revealing how the rider works reflecting all roll up rates, payout rates and fees. Florida Premium $ 100, starts after 20 years at age 75 No interest is used in calculations Optional Shield Rider American Equity Investment Life Insurance Company Shield 10+ MVA Year Begin Year Interest Rider Fee End Year Guaranteed Lifetime Amount Total End Year w/out Rider , , , , , , , , , , , , , , , , , , , , , , , , ,009 99, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,010 17, , , , ,490 17,010 34, , , , ,480 17,010 51, , , , ,470 17,010 68, , , ,460 17,010 85, , ,450 17, , , ,440 17, , , ,430 17, , , ,420 17, , , ,410 17, , , ,400 17, , , ,390 17, , , ,380 17, , , ,370 17, , , ,360 17, , , ,350 17, , , ,340 17, , , , , , , , , , , , , , ,000 created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 10 of 11

11 Rider Description Optional Shield Rider American Equity Investment Life Insurance Company Shield 10+ MVA Optional Shield Rider Optional Shield Rider, a lifetime income benefit rider, is available with your contract if the owner and annuitant are the same person and age 50+ at time of issue, unless the owner is not a natural person. If the owner is not a natural person, the annuitant will be treated as the owner for the purposes of this rider. If the Optional Shield Rider is elected, the Optional Shield Rider's Account Value (IAV) is the value used to calculate income payments under this rider. IAC Calculation Interest is calculated on the Account Value principal (the sum of premiums paid and bonuses credited, less any withdrawals) on a simple interest basis using Account Value (IAV) rate. The IAV rate is set at issue and is guaranteed for the accumulation period of 20 years. The (IAV) is a value used only to calculate Payments. It is not part of the contract value and is not available for partial withdrawal or in a lump sum. Payments payments may begin any time after the first contract anniversary and are available without a withdrawal charge or having to annuitize the contract. The amount of income available will depend on multiple factors, such as the amount of time the Account Value (IAV) grows, age at the time payments begin, and the frequency of the payment option chosen. payments are guaranteed for life, subject to the withdrawals provision of the Shield. When the owner elects to begin receiving income payments, either a single life or joint life payout may be chosen. The single life payout is based on the owner s gender and age at the time income payments are elected. For the joint life payout option, the payment is based on the youngest age of the contract owner or spouse, and income payments are guaranteed until the death of the surviving spouse subject to the spousal continuation provision. Treatment of Withdrawals payments are considered withdrawals from the annuity contract, and reduce both the Account Value (IAV) and contract value on a dollar for dollar basis. Any withdrawals, free or otherwise, taken on the contract before income payments begin will reduce the Account Value (IAV) on a pro-rata basis. Any withdrawal from the contract value during the income period in excess of the income payment is considered an excess withdrawal and will reduce future income payment amounts and the Account Value (IAV) on a pro-rata basis. If in any one contract year the amount of any withdrawal plus the income payment exceeds the amount available as a free withdrawal under the contract, a withdrawal charge will apply to the amount that exceeds the amount available as a free withdrawal. If an excess withdrawal reduces the contract value to zero, the Account Value (IAV) will also be reduced to zero, and the contract and rider will be considered to be surrendered. Any remaining income payments would also terminate. Rider Fee The current annual fee for the Optional Shield Rider is 1.00% and is set at issue. The rider fee is charged annually against your base contract's contract Value on your contract's anniversary and continues until either the rider or base contract terminates. Tax Treatment All income payments are considered a withdrawal from the contract value, and any part of the withdrawal that is deferred interest is taxable as income. If the contract is in a qualified plan, the entire amount of the withdrawal may be taxable. We calculate the taxation of income payments as outlined in the Internal Revenue Code. In addition, the taxable portion of any withdrawal taken before age 59½ may be subject to an additional penalty of 10% by the Internal Revenue Service. Rider Continuation/Termination If the owner s spouse is sole primary beneficiary of the contract, elects spousal continuation, and is at least age 50, then income benefits may continue. Details and available options can be found in the contract. The Optional Shield Rider will terminate and income payments will stop upon the earliest of the owner s written request, the date the contract terminates, the date the contract is annuitized, or the date the owner of the contract changes. Once the Optional Shield Rider terminates, it may not be reinstated. created by AnnuityWatch.com, Inc. and is based on our understanding of the product at the time and is Page 11 of 11