BCA Elevate BalancedChoice Annuity Elevate

Transcription

1 BCA Elevate BalancedChoice Annuity Elevate A single premium fixed indexed deferred annuity A single premium fixed indexed deferred annuity is a long-term retirement savings product that can help protect you from outliving your money. It s a contract between you and an insurance company. In return for your money, or premium, the insurance company agrees to provide certain benefits. When you put money into an Athene fixed indexed deferred annuity, you create something that can grow over the years, and then, at a later time, can pay you an income for a period of time, even for a lifetime. And since it s your money, we ve made sure our annuities have many options so they can be customized for you, your family and your life. Prepared On: Prepared For: March 29,2017 d Client Prepared By: d Agent New Annuity Inc 7700 Mills Civic Parkway West Des Moines, IA annuity@aviva.com This is a hypothetical Illustration. An illustration is not intended to predict actual performance. Interest rates or values shown in the illustration are not guaranteed, except for those labeled as guaranteed. Athene Annuity and Life Company 7700 Mills Civic Parkway West Des Moines, IA Tel: (888-ANNUITY) A Disclosure Summary and a Buyer s Guide to Fixed Indexed Deferred Annuities must accompany this illustration. If you have not received these documents, please request them from your financial professional. Page 1 of 21 pages 3/29/2017 8:45 AM Prepared for d Client

2 BCA Elevate BalancedChoice Annuity Elevate 12 BalancedAllocation Lifetime Rider Finding a Balance. More than ever, a significant population of Americans are living to 90 and above. There are opportunities available today that can reduce the guesswork and address these retirement issues more effectively than ever before. The is a single premium indexed deferred annuity that has been developed specifically to be an integral part of a sound, long-term retirement plan and to help turn your vision of retirement into a reality by offering: Recapture peace of mind. The BalancedAllocation Lifetime Rider (BALIR ) is an optional rider that provides guaranteed lifetime withdrawal benefits of the (BCA Elevate). It provides you with more peace of mind when it comes to protecting what you ve earned over a lifetime. Together, the BCA Elevate and the BALIR work as a cohesive solution that: The guarantees and protection from downside market risk you need for your retirement savings, including a premium protection feature The opportunity for long-term accumulation of your principal Flexibility to access your retirement savings The opportunity to create a guaranteed lifetime income Tax deferral1 The allows you to choose how interest is credited to your annuity by means of the BalancedAllocation Strategy. There may be a charge for this Strategy Rider. Creates an income stream you can t outlive Provides flexibility to start and stop income payments Establishes an Base that provides a starting point for calculating Lifetime and offers different options for income growth Accounts for and offsets the impact of inflation with its inflation indexed income option Guarantees that both your Base and your Lifetime will never suffer decline due to market downturns There is a charge for this Rider. 1 Under current tax law, the Internal Revenue Code already provides tax deferral to IRAs, so there is no additional tax benefit obtained by funding an IRA with an annuity; consider the other benefits provided by an annuity, such as lifetime income and a Death Benefit. Page 2 of 21 pages 3/29/2017 8:45 AM Prepared for d Client

3 BCA Elevate Hypothetical Illustration A single premium fixed indexed deferred annuity Owner/Annuitant: Age/Gender: d Client 50/Male Issue State: Arizona Tax Qualification: Qualified Non-Spouse Inherited IRA Initial Premium Amount: $500,000 Illustration Explanation Product Details The BalancedAllocation Strategy Option F: Merrill Lynch RPM Index (no fee) Index Allocation Percentage 1 : 100% Initial Annual Strategy Rider Charge Rate: 0.00% Additional Benefits: BalancedAllocation Lifetime Rider (BALIR) Initial Annual Rider Charge Rate: 1.00% BALIR Base Crediting Option: SGO MAX Balanced Allocation Percentage: 100% BALIR Option for Lifetime : Level Lifetime Withdrawal Type: Single Base Bonus: $50,000 Annuitant's age at first Lifetime Withdrawal: 65 First Lifetime Withdrawal: $50, (Annual) What does this annuity illustration tell you? To help explain how this product works, this illustration shows annuity contract values under the following scenarios: guaranteed annuity contract values that show minimum values, non-guaranteed annuity contract values based on the historical index performance over the Specified Period (12/31/ /31/2016) and non-guaranteed annuity contract values based on the historical index performance of the most recent 10 years, all of which apply rates and rider charges that are current as of 03/29/2017. The illustration also includes hypothetical annuity contract values using the following index return scenarios: the most recent 10-years, the highest 10-year index movement out of the last 14 years, and the lowest 10-year index movement out of the last 14 years. See page 14 for specified time periods. The hypothetical contract values are calculated based on historical index prices and assume the index will repeat historical performance and that the annuity's current non-guaranteed elements will not change. It is likely that the index will not repeat historical performance, the non-guaranteed elements will change, and actual values will be higher or lower than those in this illustration. However, the actual values will not be less than the minimum guarantees. The values in this illustration are not guarantees or even estimates of the amounts you can expect to receive. 1 The index element is linked to the performance of the Merrill Lynch RPM Index TM. Page 3 of 21 pages

4 Hypothetical Illustration Here s a View of Guaranteed Annuity Contract s Annual Assumed Interest Rate: 0.00% This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Year Ending BOY age EOY age RMD 1 Minimum Guaranteed Contract Base Contract s Cash Surrender 2 Accumulation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $14,620 $421,725 $421,725 $479,880 $485,380 $560,426 $0 $14,620 03/ $14,454 $405,854 $405,854 $459,822 $470,926 $570,514 $0 $29,074 03/ $14,280 $389,896 $389,896 $439,836 $456,646 $580,202 $0 $43,354 03/ $14,097 $373,864 $373,864 $419,937 $442,548 $589,425 $0 $57,452 03/ $13,905 $357,772 $357,772 $400,138 $428,643 $598,111 $0 $71,357 03/ $13,703 $341,632 $341,632 $380,453 $414,940 $606,183 $0 $85,060 03/ $13,491 $325,463 $327,265 $360,900 $401,449 $613,556 $0 $98,551 03/ $13,268 $309,280 $312,815 $341,496 $388,180 $620,139 $0 $111,820 03/ $13,034 $293,104 $298,169 $322,260 $375,146 $625,833 $0 $124,854 03/ $12,788 $276,954 $283,350 $303,214 $362,358 $630,532 $0 $137,642 03/ $12,530 $254,516 $262,457 $278,074 $349,828 $633,514 $0 $150,172 03/ $11,986 $232,336 $243,914 $253,418 $337,843 $635,148 $0 $162,157 03/ $11,415 $210,472 $326,427 $229,299 $326,427 $635,280 $0 $173,573 03/ $15,398 $184,405 $311,030 $201,196 $311,030 $619,624 $0 $188,970 03/ $15,398 $158,392 $295,632 $173,406 $295,632 $597,546 $0 $204,368 Begin Lifetime Annual 03/ $0 $122,332 $270,237 $136,060 $270,237 $572,151 $25,396 $229,763 03/ $0 $86,422 $244,841 $99,221 $244,841 $546,755 $25,396 $255,159 03/ $0 $50,663 $219,445 $62,890 $219,445 $521,359 $25,396 $280,555 03/ $0 $15,058 $194,049 $27,067 $194,049 $495,963 $25,396 $305,951 03/ $0 $0 $168,654 $0 $168,654 $470,568 $25,396 $331,346 03/ $0 $0 $143,258 $0 $143,258 $445,172 $25,396 $356,742 03/ $0 $0 $117,862 $0 $117,862 $419,776 $25,396 $382,138 03/ $0 $0 $92,467 $0 $92,467 $394,381 $25,396 $407,533 03/ $0 $0 $67,071 $0 $67,071 $368,985 $25,396 $432,929 03/ $0 $0 $41,675 $0 $41,675 $343,589 $25,396 $458,325 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 4 of 21 pages

5 Hypothetical Illustration Here s a View of Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 0.00% This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Year Ending BOY age EOY age RMD 1 Minimum Guaranteed Contract Base Contract s Cash Surrender 2 Accumulation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $0 $16,279 $0 $16,279 $318,193 $25,396 $483,721 03/ $0 $0 $0 $0 $0 $292,798 $25,396 $509,116 03/ $0 $0 $0 $0 $0 $267,402 $25,396 $534,512 03/ $0 $0 $0 $0 $0 $242,006 $25,396 $559,908 03/ $0 $0 $0 $0 $0 $216,611 $25,396 $585,304 03/ $0 $0 $0 $0 $0 $191,215 $25,396 $610,699 03/ $0 $0 $0 $0 $0 $165,819 $25,396 $636,095 03/ $0 $0 $0 $0 $0 $140,423 $25,396 $661,491 03/ $0 $0 $0 $0 $0 $115,028 $25,396 $686,886 03/ $0 $0 $0 $0 $0 $89,632 $25,396 $712,282 03/ $0 $0 $0 $0 $0 $64,236 $25,396 $737,678 03/ $0 $0 $0 $0 $0 $38,841 $25,396 $763,074 03/ $0 $0 $0 $0 $0 $13,445 $25,396 $788,469 03/ $0 $0 $0 $0 $0 $0 $25,396 $813,865 03/ $0 $0 $0 $0 $0 $0 $25,396 $839,261 03/ $0 $0 $0 $0 $0 $0 $25,396 $864,656 03/ $0 $0 $0 $0 $0 $0 $25,396 $890,052 03/ $0 $0 $0 $0 $0 $0 $25,396 $915,448 03/ $0 $0 $0 $0 $0 $0 $25,396 $940,844 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 5 of 21 pages

6 Hypothetical Illustration Here s a View of Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 0.00% This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Year Ending BOY age EOY age RMD 1 Minimum Guaranteed Contract Base Contract s Cash Surrender 2 Accumulation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $0 $0 $0 $0 $0 $25,396 $966,239 What Happens on my Contract s Annuity Date? On the Contract s Annuity Date, you can elect a guaranteed stream of income that will last as long as your retirement. There are a variety of payout options available to meet your needs. As illustrated, this Contract would annuitize on 03/2062. This illustration assumes you have elected to take the guaranteed annual Lifetime on your Contract s Annuity Date via the BalancedAllocation Lifetime Rider (BALIR). Based upon the Guaranteed Annuity Contract s above, the guaranteed annual Lifetime Withdrawal you would receive is shown below: Guaranteed Annual Lifetime Withdrawal: $25,396 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 6 of 21 pages

7 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s Annual Assumed Interest Rate: 6.38% Specified Period (12/31/ /31/2016): The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $14,620 $421,725 $480,757 $511,429 $511,429 $561,450 $0 $14,620 03/ $14,481 $454,676 $523,224 $523,224 $523,224 $634,524 $0 $29,101 03/ $16,249 $440,629 $501,604 $533,606 $533,606 $646,561 $0 $45,350 03/ $16,077 $477,934 $544,256 $544,257 $544,257 $722,735 $0 $61,427 03/ $18,022 $463,967 $520,088 $553,270 $553,270 $734,933 $0 $79,448 03/ $17,811 $504,334 $562,440 $562,440 $562,440 $813,432 $0 $97,260 03/ $19,945 $487,591 $535,557 $569,726 $569,726 $825,215 $0 $117,204 03/ $19,690 $528,160 $577,046 $577,046 $577,046 $905,025 $0 $136,894 03/ $22,025 $508,332 $547,292 $582,209 $582,209 $915,639 $0 $158,919 03/ $21,718 $548,476 $587,274 $587,274 $587,274 $995,464 $0 $180,637 03/ $24,268 $525,247 $554,508 $589,885 $589,885 $1,003,936 $0 $204,904 03/ $23,901 $569,829 $592,258 $592,258 $592,258 $1,082,151 $0 $228,805 03/ $26,678 $558,310 $556,358 $591,853 $591,853 $1,087,250 $0 $255,484 03/ $26,335 $590,974 $590,974 $590,974 $590,974 $1,161,670 $0 $281,819 03/ $29,256 $553,646 $551,856 $587,064 $587,064 $1,161,853 $0 $311,075 Begin Lifetime Annual 03/ $0 $554,645 $554,645 $554,645 $554,645 $1,129,300 $50,126 $361,201 03/ $0 $493,547 $493,226 $524,694 $524,694 $1,079,175 $50,126 $411,326 03/ $0 $489,231 $489,231 $489,231 $489,231 $1,029,049 $50,126 $461,452 03/ $0 $428,815 $428,815 $456,174 $456,174 $978,924 $50,126 $511,578 03/ $0 $417,474 $417,474 $417,474 $417,474 $928,798 $50,126 $561,703 03/ $0 $358,060 $358,060 $380,905 $380,905 $878,672 $50,126 $611,829 03/ $0 $338,537 $338,537 $338,537 $338,537 $828,547 $50,126 $661,954 03/ $0 $280,126 $280,126 $297,998 $297,998 $778,421 $50,126 $712,080 03/ $0 $251,475 $251,475 $251,475 $251,475 $728,296 $50,126 $762,206 03/ $0 $194,067 $194,067 $206,448 $206,448 $678,170 $50,126 $812,331 03/ $0 $155,219 $155,219 $155,219 $155,219 $628,044 $50,126 $862,457 03/ $0 $98,813 $98,813 $105,118 $105,118 $577,919 $50,126 $912,582 Page 7 of 21 pages

8 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 6.38% Specified Period (12/31/ /31/2016): The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $48,558 $48,558 $48,558 $48,558 $527,793 $50,126 $962,708 03/ $0 $0 $0 $0 $0 $477,668 $50,126 $1,012,833 03/ $0 $0 $0 $0 $0 $427,542 $50,126 $1,062,959 03/ $0 $0 $0 $0 $0 $377,417 $50,126 $1,113,085 03/ $0 $0 $0 $0 $0 $327,291 $50,126 $1,163,210 03/ $0 $0 $0 $0 $0 $277,165 $50,126 $1,213,336 03/ $0 $0 $0 $0 $0 $227,040 $50,126 $1,263,461 03/ $0 $0 $0 $0 $0 $176,914 $50,126 $1,313,587 03/ $0 $0 $0 $0 $0 $126,789 $50,126 $1,363,713 03/ $0 $0 $0 $0 $0 $76,663 $50,126 $1,413,838 03/ $0 $0 $0 $0 $0 $26,537 $50,126 $1,463,964 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,514,090 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,564,215 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,614,341 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,664,466 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,714,592 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,764,718 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 8 of 21 pages

9 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 6.38% Specified Period (12/31/ /31/2016): The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium Amount. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $0 $0 $0 $0 $0 $50,126 $1,814,843 What Happens on my Contract s Annuity Date? On the Contract s Annuity Date, you can elect a non-guaranteed stream of income that will last as long as your retirement. There are a variety of payout options available to meet your needs. As illustrated, this Contract would annuitize on 03/2062. This illustration assumes you have elected to take the non-guaranteed annual Lifetime on your Contract s Annuity Date via the BalancedAllocation Lifetime Rider (BALIR). Based upon the Non-Guaranteed Annuity Contract s above, the non-guaranteed annual Lifetime Withdrawal you would receive is shown below: Non-Guaranteed Annual Lifetime Withdrawal: $50,126 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 9 of 21 pages

10 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s Annual Assumed Interest Rate: 5.24% Geometric mean of the most recent 10 years: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $14,620 $421,725 $480,609 $505,831 $505,831 $561,277 $0 $14,620 03/ $14,476 $444,748 $511,682 $511,682 $511,682 $622,881 $0 $29,096 03/ $15,891 $430,441 $490,355 $516,088 $516,088 $634,489 $0 $44,987 03/ $15,716 $457,102 $520,426 $520,426 $520,426 $697,288 $0 $60,703 03/ $17,233 $443,135 $497,080 $523,165 $523,165 $708,805 $0 $77,936 03/ $17,023 $471,509 $525,745 $525,745 $525,745 $772,024 $0 $94,959 03/ $18,643 $455,196 $500,311 $526,567 $526,567 $782,906 $0 $113,603 03/ $18,394 $482,539 $527,134 $527,134 $527,134 $845,591 $0 $131,996 03/ $20,120 $463,699 $499,561 $525,777 $525,777 $855,147 $0 $152,116 03/ $19,824 $489,497 $524,073 $524,073 $524,073 $916,136 $0 $171,940 03/ $21,656 $467,961 $494,335 $520,277 $520,277 $923,503 $0 $193,596 03/ $21,308 $496,526 $516,043 $516,043 $516,043 $981,406 $0 $214,903 03/ $23,245 $485,556 $484,142 $509,549 $509,549 $985,518 $0 $238,148 03/ $22,904 $502,469 $502,469 $502,469 $502,469 $1,038,540 $0 $261,052 03/ $24,875 $469,714 $468,449 $493,033 $493,033 $1,038,093 $0 $285,927 Begin Lifetime Annual 03/ $0 $457,958 $457,958 $457,958 $457,958 $1,005,721 $44,640 $330,567 03/ $0 $403,318 $403,261 $424,423 $424,423 $961,081 $44,640 $375,208 03/ $0 $386,601 $386,601 $386,601 $386,601 $916,441 $44,640 $419,848 03/ $0 $332,796 $332,796 $350,261 $350,261 $871,800 $44,640 $464,488 03/ $0 $309,536 $309,536 $309,536 $309,536 $827,160 $44,640 $509,129 03/ $0 $256,624 $256,624 $270,091 $270,091 $782,520 $44,640 $553,769 03/ $0 $226,149 $226,149 $226,149 $226,149 $737,879 $44,640 $598,409 03/ $0 $174,130 $174,130 $183,268 $183,268 $693,239 $44,640 $643,050 03/ $0 $135,757 $135,757 $135,757 $135,757 $648,598 $44,640 $687,690 03/ $0 $84,631 $84,631 $89,072 $89,072 $603,958 $44,640 $732,330 03/ $0 $37,608 $37,608 $37,608 $37,608 $559,318 $44,640 $776,971 03/ $0 $0 $0 $0 $0 $514,677 $44,640 $821,611 Page 10 of 21 pages

11 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 5.24% Geometric mean of the most recent 10 years: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $0 $0 $0 $0 $470,037 $44,640 $866,252 03/ $0 $0 $0 $0 $0 $425,397 $44,640 $910,892 03/ $0 $0 $0 $0 $0 $380,756 $44,640 $955,532 03/ $0 $0 $0 $0 $0 $336,116 $44,640 $1,000,173 03/ $0 $0 $0 $0 $0 $291,475 $44,640 $1,044,813 03/ $0 $0 $0 $0 $0 $246,835 $44,640 $1,089,453 03/ $0 $0 $0 $0 $0 $202,195 $44,640 $1,134,094 03/ $0 $0 $0 $0 $0 $157,554 $44,640 $1,178,734 03/ $0 $0 $0 $0 $0 $112,914 $44,640 $1,223,375 03/ $0 $0 $0 $0 $0 $68,274 $44,640 $1,268,015 03/ $0 $0 $0 $0 $0 $23,633 $44,640 $1,312,655 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,357,296 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,401,936 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,446,576 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,491,217 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,535,857 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,580,498 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 11 of 21 pages

12 Hypothetical Illustration Here s a View of Non-Guaranteed Annuity Contract s (continued) Annual Assumed Interest Rate: 5.24% Geometric mean of the most recent 10 years: The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. This hypothetical illustration is based on the allocation percentages and rates that are current as of the Assumed Issue Date of this illustration. This hypothetical illustration is based on a $500,000 Initial Premium. Interest credits, if any, are applied at the end of each two-year Term. Please see page 4 for guaranteed values. Year Ending BOY age EOY age RMD 1 Cash Surrender 2 Base Contract s Accumulation Balanced Allocation Base Death Benefit BalancedAllocation Lifetime Rider s Base Lifetime Cumulative 03/ $0 $0 $0 $0 $0 $0 $44,640 $1,625,138 What Happens on my Contract s Annuity Date? On the Contract s Annuity Date, you can elect a non-guaranteed stream of income that will last as long as your retirement. There are a variety of payout options available to meet your needs. As illustrated, this Contract would annuitize on 03/2062. This illustration assumes you have elected to take the non-guaranteed annual Lifetime on your Contract s Annuity Date via the BalancedAllocation Lifetime Rider (BALIR). Based upon the Non-Guaranteed Annuity Contract s above, the non-guaranteed annual Lifetime Withdrawal you would receive is shown below: Non-Guaranteed Annual Lifetime Withdrawal: $44,640 1 Please see page 19 for information regarding RMD calculations. 2 Cash Surrender (CSV) does not include applicable Market Adjustments (MVA). See possible implications of MVA on your CSV on page 18. Page 12 of 21 pages

13 Historical Index Movement Comparison Historical Index Movement Comparison - Most Recent 10, Highest, and Lowest Periods The following comparison chart is intended to reflect the Accumulation based upon the historical performance of the index under three different scenarios, as described below. This chart assumes current rider charges and current rates as shown on page 3 of this illustration. This chart assumes no withdrawals are taken in the first 10 Contract Years. The values shown are not guaranteed; actual results may be higher or lower. Contract Year For the Most Recent 10 scenario, the indexed-based interest rate and Accumulation are calculated to reflect the historical performance of the index for the most recent 10 calendar year period. Assumed Interest Rate Accumulation The Highest index scenario reflects the historical performance of the index for a continuous period of 10 years out of the last 14 years that would result in the most index value growth. Assumed Interest Rate Accumulation The Lowest index scenario reflects the historical performance of the index for a continuous period of 10 years out of the last 14 years that would result in the least index value growth. Assumed Interest Rate Accumulation 1 N/A $494,500 N/A $494,500 N/A $494, % $559, % $582, % $549,132 3 N/A $552,865 N/A $575,236 N/A $542, % $620, % $639, % $616,079 5 N/A $612,205 N/A $631,299 N/A $607, % $705, % $692, % $695,167 7 N/A $695,310 N/A $682,928 N/A $685, % $750, % $801, % $738,171 9 N/A $738,872 N/A $788,798 N/A $726, % $726, % $925, % $714,379 Geometric Mean Assumed Interest Rate* = 5.24% Geometric Mean Assumed Interest Rate* = 7.81% Geometric Mean Assumed Interest Rate* = 5.07% * The Assumed Interest Rate does not reflect charges. However, charges are reflected in the Accumulation. Page 13 of 21 pages

14 Historical Index Movement Comparison Historical Index Movement Comparison - Most Recent 10, Highest, and Lowest Periods The following graph is intended to reflect the movement of the Accumulation for each of the three scenarios above. The table below shows the Most Recent 10, Highest, and Lowest time periods of index movement and the corresponding index closing values for each index respectively. Merrill Lynch RPM Index TM Index Most Recent 10 Highest Lowest 12/31/ /31/ /29/ /29/ /04/ /04/ Page 14 of 21 pages

15 Product Information BalancedAllocation Strategy Options The patented BalancedAllocation Strategy allows you to choose from different options. These options determine your interest using a formula combining an index allocation and declared rate allocation. The index element is linked to the performance of a market index or blend of indices. The declared rate is based on an interest rate set by the Company. The appreciation if any, from the declared rate allocation plus the index allocation if any, are added together to determine the amount of Interest Earnings under the strategy. This patented BalancedAllocation Strategy offers you the potential for better long-term accumulation, particularly in periods of low interest rates. It s important to note that that your contract may apply an Annual Strategy Rider Charge, if applicable, by multiplying the Accumulation and a strategy charge rate on every Contract Anniversary. A portion of that charge (1/12th) is deducted from the Contract s Accumulation at the beginning of every month. Strategy charge rates are set at contract issue and can change for each renewal Term. Premium Protection With the, the premium protection feature (referred to as the Return of Premium Guarantee Amount in the Contract) ensures that any strategy and/or optional rider charges in your Contract will never result in you getting back less than the Premium paid, plus any applicable Premium Bonus, minus any, provided the contract is not surrendered during the Withdrawal Charge period and no early are taken in excess of your Contract s Free Withdrawal amount. Therefore, if the Contract is surrendered before the Withdrawal Charge period or if early are taken in excess of the Free Withdrawal amount, you could receive less than your original premium. Free The allows you to access your money should the need arise. You may withdraw 5% of your Accumulation during the first 12 months. Thereafter, you may withdraw up to 10% of your Accumulation each subsequent 12-month period. No Traditional Caps There are no traditional caps placed on the upside earnings potential of the BalancedAllocation Strategy. Although the has no traditional cap on indexed earnings, the Index Allocation Percentages are determined at the beginning of each 2- year term by the Athene Annuity and Life Company. BalancedAllocation Lifetime Rider The BALIR is an optional living benefit rider that offers a lifetime income stream, with flexibility that allows you to control when it starts and stops. The BALIR provides a minimum guaranteed Base that is protected from market volatility and grows during the Accumulation Years based on the Base Crediting Option you elect. The growth in the Base stops once you elect your first Lifetime Withdrawal. You have a choice of three Base Crediting Options that address retirement risks by offering guaranteed fixed interest (BALIR FGO) or a combination that stacks interest tied in part to an index or blend of indices on top of a fixed interest rate, known as BALIR SGO MAX or AGO. It is used to determine your Lifetime. It is not an amount that has a cash value, or surrender value that can be paid out to you in a lump sum. The Phase of the rider starts when you begin your Lifetime. Your Lifetime are determined by your age and the income option you elect. Generally, the longer you wait to take income the greater your Lifetime will be. The charge for this rider, if applicable, is deducted from the Accumulation and the Minimum Guaranteed Contract, in applicable states, at the beginning of every month until termination of the rider at a rate of 1/12th of the Rider Charge. This charge is calculated at the beginning of every Contract Year as the Base at that time multiplied by the Annual Rider Charge Rate. If you choose to extend the Accumulation Years, this rider charge will increase on the Contract Anniversary at the end of the Initial Accumulation Years. This increase equals the number of years extended 1 Interest earned, if any, is credited on Term End Date. The strategy rider charge, if applicable, is taken out of the Accumulation monthly. Other optional rider charges are taken out of the Accumulation monthly, the EDB Crediting Base if applicable and the Minimum Guaranteed Contract, in applicable states. Page 15 of 21 pages BalancedAllocation Strategy The appreciation from a predetermined blend Index Allocation + Declared Rate Allocation Interest Earnings Under the BalancedAllocation Strategy Balanced Allocation Strategy Your Premium + Interest Earned 1 - Charges 1 and = Accumulation

16 multiplied by the Rider Charge Rate Adjustment declared and in effect at that time. The increase is guaranteed never to be greater than the number of years extended multiplied by the Maximum Rider Charge Rate Withdrawal Charges Adjustment stated in the Contract. Product Information Contract Year Withdrawal Charge Rate 14.50% 14.00% 13.50% 13.00% 12.00% 11.00% 10.00% 9.00% 8.00% 7.00% 6.00% 4.00% Page 16 of 21 pages

17 Definition of Terms Accumulation Initial Premium Amount plus interest credited, minus withdrawals and any applicable charges Annuitization Converting the Contract into a series of periodic payments on the Annuity Date. Once the Contract is annuitized, the amount or frequency of the annuity payments cannot be stopped or modified. Annuity Date The date annuity payments are to begin Assumed Interest Rate A hypothetical interest rate credited to the annuity s Accumulation. The rate will vary based on different historical scenarios. Assumed Issue Date The effective date that reflects the Company s current rates as of that day Balanced Allocation The greater of the Accumulation plus any interest for the current Term or the Return of Premium Guarantee Amount. Base Death Benefit Equal to the greater of the Cash Surrender or the Balanced Allocation. The amount paid to the beneficiaries upon the death of the annuitant. Beginning of Year Age The beginning of year age(s) is the age(s) at the beginning of the Contract Cash Surrender The greater of the Accumulation, adjusted for any withdrawals, applicable charges and Market Adjustments, the Minimum Guaranteed Contract or the Return of Premium Guarantee Amount which is zero until the end of the 12th Contract Year. Contract Year Contract Years are determined from the Assumed Issue Date. (For example, if the Contract s Assumed Issue Date is January 10, 2014, the first Contract Year ends January 9, 2015.) Cumulative Year over year sum of Free Partial, Required Minimum Distributions, Lifetime and Confinement Benefit, if applicable Declared Rate Allocation Percentage The component of the interest crediting calculation that is linked to a set declared rate determined by the Company End of Year Age The end of year age(s) is the age(s) at the beginning of the Contract, plus the number of Contract Years. Base The Initial Premium Amount, plus interest credited, which is used to determine the BALIR Lifetime. It is not an amount that has a cash value or surrender value that can be paid out to you in a lump sum. Index Allocation Percentage The component of the interest crediting calculation that is linked to the market index performance Initial Premium Amount The amount paid for the annuity Lifetime The annual stream of income for life, up to a maximum allowable amount. Minimum Guaranteed Contract The minimum value of the Contract, required by law, while the Contract is in-force. Required Minimum Distribution (RMD) The minimum amounts required by the Internal Revenue Code that a tax qualified Contract owner must withdraw annually. Specified Period (12/31/ /31/2016) - The interest crediting rate assumed for the projected, non-guaranteed Accumulated column is based on the Contract s strategy option selected, the current rates of the strategy selected, and the historical movement of any applicable indices including dividends where applicable, then averaged over the period 12/31/ /31/2016. The Merrill Lynch RPM Index TM (MLRPM) inception date is 03/01/2016. This scenario illustrates both pre-inception performance data of the Index, as provided by Merrill Lynch, based on the hypothetical closing index data from 12/31/2002 through 02/29/2016 and actual performance data from the inception date. Term The length of time, expressed in whole years, between the crediting of interest earnings. Year Ending Each 12-month period of time starting from the Assumed Issue Date. Page 17 of 21 pages

18 Market Adjustment The Potential Impact of a Market Adjustment (MVA) on Cash Surrender s Positive Sample Scenario Shows the effect of a MVA on the hypothetical Cash Surrender if the interest rate DECREASES 0.5% each year from the assumed initial interest rate. Negative Sample Scenario Shows the effect of a MVA on the hypothetical Cash Surrender if the interest rate INCREASES 0.5% each year from the assumed initial interest rate. Market Adjustment (MVA) When you make a withdrawal in excess of the free amount during the annuity s withdrawal charge period, the amount you receive may be increased or decreased by a Market Adjustment (MVA). If the 10 Year Point on the A Rated US Bloomberg Fair Curve interest rates are higher than when you purchased your annuity, the MVA is negative. In other words, an additional amount will be deducted from your annuity. Conversely, if 10 Year Point on the A Rated US Bloomberg Fair Curve interest rates are lower than when you purchased an annuity, the MVA is positive. This means that money will be added to your annuity, which reduces the withdrawal charge. The MVA has no effect on the death benefit. Withdrawal Charges, Premium Bonus Vesting Adjustments and MVA are never applied to withdrawals from an IRA or qualified contract taken to satisfy the Required Minimum Distribution for that contract. Page 18 of 21 pages

19 Additional Information BCA Elevate Illustration Only This is an illustration only and designed to help you better understand how the annuity product you are considering works and might look in the future under various conditions. This illustration is not intended to indicate actual performance nor predict future results. The hypothetical, non-guaranteed values shown are calculated in reference to the historical performance of the index as indicated. This illustration assumes current allocation option percentages and other nonguaranteed rates as of the Assumed Issue Date. These rates are subject to change. It is likely that the index will, in fact, not repeat historical performance and that non-guaranteed elements will change over time. This means that actual nonguaranteed values may be higher or lower than those shown in this illustration. Please refer to the Disclosure Summary document for the BalancedChoice Annuity Elevate 12, and for the BalancedAllocation Lifetime Rider, if elected, that must accompany this illustration for more details. Also refer to the inserts that describe the features and limitations of any additional riders including the Premium Bonus Rider and FamilyEndowment Rider (referred to in the Contract as the Enhanced Death Benefit Rider.) The BalancedChoice Annuity Elevate [ANN12 (04/15), ANN08 (04/15) and ANN10 (04/15) or state variation] with the BalancedAllocation Strategy (ANNBAS (04/15) or state variation), is a fixed indexed annuity; the FamilyEndowment Rider [DBR (04/15), BDBR (04/15) and SUDBR (04/15) or state variation] and the BalancedAllocation Lifetime Rider (ANNIR (04/15) or state variation), are optional riders from which charges are deducted. They are issued by Athene Annuity and Life Company, West Des Moines, IA. Product features, limitations and availability vary by state. Not a Stock Market Investment Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments. Market indices do not include dividends paid on the underlying stocks, and therefore do not reflect the total return of the underlying stocks; neither a market index nor any market-indexed annuity is comparable to a direct investment in the equity markets. Indexed annuities do not directly participate in any stock or equity investments. When you purchase the, you are not directly investing in a stock market index. Not FDIC Insured Subject to the terms, conditions and limitations of the BalancedChoice Annuity Elevate 12 and the BalancedAllocation Lifetime Rider (BALIR). Guarantees provided by annuities are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. The BALIR and the are issued and backed by the financial strength of Athene Annuity and Life Company, West Des Moines, IA and are not guaranteed by any bank or the FDIC. Basic Tax Information Under current tax law, annuities provide the benefit of tax deferred accumulation. This means that as the Accumulation of your Contract grows, you do not have to pay income tax on the interest credited to the contract until it is withdrawn or paid out as a death benefit. It is important that you recognize that the effect of income taxes, or any applicable tax penalties, are not reflected in the values shown in this illustration. Any applicable taxes or penalties would reduce the net amount that you actually receive. When you surrender your contract or take a Withdrawal from your contract you may be subject to federal and state income taxes on some or all of the amount received. Generally, the tax treatment of your annuity contract will depend on a variety of factors, including whether your contract is comprised of non-qualified or qualified funds. A Death Benefit paid under the Contract is generally subject to income taxes in the same way that a withdrawal or surrender would be subject to income taxes during your life. Please consult your tax advisor regarding the applicability of these rules to your specific situation. The information discussed in this and the next section is general in nature and should not be construed in any way as tax advice. Neither Athene Annuity & Life Company nor its agents or employees are authorized to provide tax advice. Non-Qualified vs. Qualified Contracts Non-Qualified For non-qualified contracts, withdrawals are generally subject to ordinary income tax to the extent of gain in the contract at the time of the withdrawal. This means DB# /SYS# Server v Page 19 of 21 pages

20 Additional Information (continued) that to the extent that interest has been credited to your contract, and not previously withdrawn, that portion of any distribution from your contract will be subject to ordinary income tax. In addition, if you have not attained the age of 59½ at the time of the withdrawal, a 10% tax penalty is applied to the taxable portion of that withdrawal. The 10% penalty is generally not applied to withdrawals occurring after the death of the original owner. However, if you convert your annuity Contract to a stream of payments on the Annuity Date, each payment generally will receive exclusion ratio tax treatment meaning that a portion of each payment will be taxed to the extent it represents gain in the contract, and a portion will be treated as a non-taxable recovery of your cost basis (generally the Premium paid) in your Contract. Qualified A qualified contract means that you are purchasing the annuity within a retirement account or plan, such as a traditional IRA or an employer sponsored retirement plan. Generally, the funds in this type of contract have been established with pretax dollars, money which has not been subjected to income taxes, although there may be a combination of pre-tax and after-tax dollars in such accounts. To the extent that the funds for a qualified contract have been made with pre-tax dollars, the entire amount of any withdrawal or death benefit will be subject to income taxes. In addition, if you have not attained the age of 59½ at the time of the withdrawal, a 10% tax penalty is applied to the taxable portion of that withdrawal. The 10% penalty is generally not applied to withdrawals occurring after the death of the original owner; however, the penalty may apply to distributions from a Roth IRA even after the death of the original owner. If you have a qualified contract, such as an IRA, the illustration may reflect Required Minimum Distributions (RMDs). Such distributions generally must commence in the year following the year in which you turn age 70½. The calculation for any RMD amount indicated on this hypothetical illustration is based on the previous year s ending Accumulation, and does not take into consideration the value of benefits provided by any additional riders. Therefore, keep in mind that the RMD amount shown is a projected amount that could be higher or lower. If the actual RMD amount that you must withdraw is higher than the amount illustrated, the remaining Accumulation and Death Benefit amounts will be correspondingly lower. Purchasing an annuity within a retirement plan that provides tax deferral under the Internal Revenue Code results in no additional tax benefit. If you are purchasing an annuity to fund an IRA or Qualified plan, your purchase should be based on the annuity s features other than tax deferral. Merrill Lynch RPM Index TM Athene Annuity and Life Company s Product ("Product") is not sponsored, endorsed, sold or promoted by Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates ("BofA Merrill Lynch"). BofA Merrill Lynch has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product, nor makes any representation or warranty, express or implied, to the owners of Product or any member of the public regarding the Product or the advisability of purchasing the Product, particularly the ability of the Merrill Lynch RPM Index TM ("Index") to track performance of any market or strategy. BofA Merrill Lynch s only relationship to Athene Annuity and Life Company ("Licensee") is the licensing of certain trademarks and trade names and the Index or components thereof. The Index is determined, composed and calculated by BofA Merrill Lynch without regard to the Licensee or the Product or its holders. BofA Merrill Lynch has no obligation to take the needs of the Licensee or the holders of the Product into consideration in determining, composing or calculating the Index. BofA Merrill Lynch is not responsible for and has not participated in the determination of the timing of, prices of, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be priced, sold, or purchased, or redeemed. BofA Merrill Lynch has no obligation or liability in connection with the administration or marketing of the Product. BOFA MERRILL LYNCH DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND BOFA MERRILL LYNCH SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, UNAVAILABILITY, OR INTERRUPTIONS THEREIN. BOFA MERRILL LYNCH MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, HOLDERS OF THE PRODUCT OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN. BOFA MERRILL LYNCH MAKES NO EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BOFA MERRILL LYNCH DB# /SYS# Server v Page 20 of 21 pages

21 Additional Information (continued) HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL, CONSEQUENTIAL DAMAGES, OR LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. "BofA Merrill Lynch " and the "Merrill Lynch RPM Index TM " are trademarks of Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates and have been licensed for use by Athene Annuity and Life Company. The Merrill Lynch RPM Index TM is the property of BofA Merrill Lynch, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. "Calculated by S&P Dow Jones Indices" and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Licensee. The Merrill Lynch RPM Index TM (MLRPM) inception date is 03/01/2016. This illustration illustrates both pre-inception performance data of the Index, as provided by Merrill Lynch, based on the hypothetical closing index data prior to the inception date and actual performance data after the inception date. DB# /SYS# Server v Page 21 of 21 pages

22 BalancedAllocation LIFETIME INCOME RIDER TM Supplemental Illustration A Projected Base and Lifetime The BALIR TM provides the security of a minimum guaranteed Base that is protected from market volatility and grows during the Accumulation Phase based on the crediting option you elect. It is used to determine your Lifetime. Your Lifetime are also determined by your age and the income option you elect. $1,161,853 $50,126 $500,000 (Initial Premium) Stacked Growth Option Max 1 Annual Lifetime 2 (Level Option Single Life Option) Accumulation Phase Phase Extended Guaranteed Phase Age Annual Base growth based on Base Crediting Option selected. This graph is a generic representation of the annuity s illustrated values. It is not intended to precisely track interim illustrated values. 2 Lifetime shown here are based on the income option you select. Page 1 of 2 pages This illustration is not valid unless accompanied by base illustration and all 2 pages are included.

23 BalancedAllocation LIFETIME INCOME RIDER TM Supplemental Illustration Wait to start If your retirement income start date is flexible, the BALIR Base and resulting level of Lifetime generally will be higher at the time you trigger income. This means a higher level of Lifetime for you in retirement. The values in this chart assume you don t start Lifetime until the year after the deferral period referenced below, and takes into consideration any partial withdrawals selected. Annual Death Benefit Initial Base 1 1 The Initial Base uses Specified Period interest crediting. Page 2 of 2 pages This illustration is not valid unless accompanied by base illustration and all 2 pages are included.

24 Hypothetical Historical Index Movement Comparison Hypothetical Historical Index Movement Comparison - Most Recent 10, Highest, and Lowest Periods The following comparison chart is intended to reflect the hypothetical Lifetime based upon the hypothetical historical performance of the index under three different scenarios, as described below. This chart assumes current rider charges and current rates as shown on the accompanying base illustration and assumes those charges and rates stay constant over the time period reflected. This chart further assumes no withdrawals are taken in the first 10 Contract Years. The values shown are not guaranteed; actual results may be higher or lower; use of different assumptions could produce significantly different results. The Highest index scenario reflects the historical performance of the index for a continuous period of 10 years out of the last 14 years that would result in the most index value growth. Specified Period(s) Merrill Lynch RPM Index TM : 04/29/ /29/2013 The Lowest index scenario reflects the historical performance of the index for a continuous period of 10 calendar years out of the last 14 years that would result in the least index value growth. Specified Period(s) Merrill Lynch RPM Index TM : 12/04/ /04/2016 The Most Recent 10 index scenario reflects the historical performance of the index for the most recent 10 calendar year period. Specified Period(s) Merrill Lynch RPM Index TM : 12/31/ /31/2016 Deferral Years Beginning of Year Age End of Year Age Base 1 Lifetime $550,000 $15, $605,368 $17, $699,885 $20, $757,554 $23, $843,469 $26, $910,076 $29, $1,000,414 $33, $1,077,205 $37, $1,231,648 $43, $1,321,948 $48, $1,507,073 $56,515 Deferral Years Beginning of Year Age End of Year Age Base 1 Lifetime $550,000 $15, $594,049 $16, $666,782 $19, $715,750 $21, $815,742 $25, $879,840 $28, $995,167 $33, $1,062,817 $36, $1,160,576 $41, $1,218,605 $44, $1,279,535 $47,983 Deferral Years Beginning of Year Age End of Year Age Base 1 Lifetime $550,000 $15, $596,748 $17, $677,288 $19, $721,880 $22, $821,375 $25, $890,434 $28, $1,007,369 $33, $1,079,540 $37, $1,176,529 $41, $1,235,355 $45, $1,297,123 $48,642 1 The beginning of year Base reflects unrealized interest gains assuming income is elected in the year shown and it s used to determine the Lifetime (it is not an amount that has a cash value or surrender value that can be paid out to you in a lump sum). 2 Once Lifetime has been started, the Lifetime Withdrawal amount you would receive is locked in assuming you do not take any excess withdrawals. If you take an excess withdrawal, the Lifetime Withdrawal amount will be reduced and in some situations your Lifetime could terminate. Page 1 of 1 pages This illustration is not valid unless accompanied by base illustration.

25 BalancedAllocation Lifetime Rider Lifetime Option Comparison BalancedChoice Annuity Elevate 12 Owner/Annuitant: d Client Issue age: 50 Assumes Initial Premium Amount of: $500, Single Life Initial Annual Maximum Lifetime Withdrawal for all Election Attained Age 65 Election Age (A) $597,546 Initial Annual Maximum Lifetime Withdrawal (C) = A*B Option Guaranteed Level Guaranteed Earnings Indexed Guaranteed Inflation Indexed Payout% (B) 4.25% 3.15% 0.95% $25,396 $18,823 $5,677 Guaranteed Level Guaranteed Earnings Indexed Guaranteed Inflation Indexed Beginning of Year Age End of Year Age Annual Lifetime Withdrawal Annual Lifetime Withdrawal Annual Lifetime Withdrawal N/A N/A N/A $25,396 $18,823 $5, $25,396 $18,823 $5, $25,396 $18,823 $5, $25,396 $18,823 $5, $25,396 $18,823 $5, $25,396 $18,823 $5, $25,396 $19,011 $5, $25,396 $19,201 $5, $25,396 $19,393 $5, $25,396 $19,587 $5, $25,396 $19,783 $5, $25,396 $19,981 $5, $25,396 $20,180 $5, $25,396 $20,382 $5, $25,396 $20,586 $5, $25,396 $20,792 $5, $25,396 $21,852 $5, $25,396 $22,967 $5, $25,396 $23,900 $5,677 Cumulative Lifetime * $761,880 $625,728 $170,310 The guaranteed Lifetime Withdrawal amounts shown above take into account any partial withdrawals that were entered. If you take an excess withdrawal in addition to these partial withdrawals, the amounts shown above will be reduced and in some situations could terminate. Refer to your Certificate of Disclosure for important information on how withdrawals after the commencement of income impact your contract. Lifetime Withdrawal amounts are shown as annual payments. For monthly payments, simply divide amount shown by 12. Taxable amounts withdrawn prior to age 59½ may be subject to a 10% IRS penalty in addition to ordinary income tax. *Cumulative Lifetime are calculated assuming income is elected at the income election age shown and taken until age 95. If you were to live longer than age 95, the cumulative Lifetime you would receive would be greater than the amounts shown here and likewise, if you didn t live until age 95 the Cumulative Lifetime you would receive would be less than the amounts shown here. Page 1 of 3 pages This illustration is not valid unless accompanied by base illustration and all 3 pages are included.

26 BalancedAllocation Lifetime Rider Non-Guaranteed Lifetime Option Comparison BalancedChoice Annuity Elevate 12 Owner/Annuitant: d Client Issue age: 50 Assumes Initial Premium Amount of: $500, The values shown below assume an annual interest crediting rate of 6.38% based upon the Specified Period. Single Life Initial Annual Maximum Lifetime Withdrawal for all Election Attained Age 65 Election Age (A) $1,179,426 Initial Annual Maximum Lifetime Withdrawal (C) = A*B Option Non-Guaranteed Level Non-Guaranteed Earnings Indexed Non-Guaranteed Inflation Indexed Payout% (B) 4.25% 3.15% 3.35% $50,126 $37,152 $39,511 Non-Guaranteed Level Non-Guaranteed Earnings Indexed Non-Guaranteed Inflation Indexed 3% Beginning of Year Age End of Year Age Annual Lifetime Withdrawal Annual Lifetime Withdrawal Annual Lifetime Withdrawal N/A N/A N/A $50,126 $37,152 $39, $50,126 $38,224 $40, $50,126 $38,224 $41, $50,126 $43,257 $43, $50,126 $43,257 $44, $50,126 $48,953 $45, $50,126 $48,953 $47, $50,126 $55,398 $48, $50,126 $55,398 $50, $50,126 $62,693 $51, $50,126 $62,693 $53, $50,126 $70,947 $54, $50,126 $70,947 $56, $50,126 $80,289 $58, $50,126 $81,092 $59, $50,126 $81,903 $61, $50,126 $86,081 $71, $50,126 $90,472 $82, $50,126 $94,145 $93,110 Cumulative Lifetime * $1,503,780 $2,155,859 $1,879,741 The non-guaranteed Lifetime Withdrawal amounts shown above take into account any partial withdrawals that were entered. If you take an excess withdrawal in addition to these partial withdrawals, the amounts shown above will be reduced and in some situations could terminate. Refer to your Certificate of Disclosure for important information on how withdrawals after the commencement of income impact your contract. Lifetime Withdrawal amounts are shown as annual payments. For monthly payments, simply divide amount shown by 12. Taxable amounts withdrawn prior to age 59½ may be subject to a 10% IRS penalty in addition to ordinary income tax. *Cumulative Lifetime are calculated assuming income is elected at the income election age shown and taken until age 95. If you were to live longer than age 95, the cumulative Lifetime you would receive would be greater than the amounts shown here and likewise, if you didn t live until age 95 the Cumulative Lifetime you would receive would be less than the amounts shown here. Page 2 of 3 pages This illustration is not valid unless accompanied by base illustration and all 3 pages are included.

27 BalancedAllocation Lifetime Rider Lifetime Option Comparison BalancedChoice Annuity Elevate 12 Page 3 of 3 pages This illustration is not valid unless accompanied by base illustration and all 3 pages are included.