Athene is a leading retirement services company that issues, reinsures and acquires retirement savings products. Our experience and precision focus provides banks with retirement funding solutions they and their clients can depend on.

As a partner with Athene, you can leverage one of the strongest lineups of fixed and fixed indexed annuities in the market. You’ll also receive exceptional service, technology, and marketing and sales support. We are driven to do more for your company, your representatives and the clients they serve.

Athene — your partner of choice.

21501 (04/18)

Athene Overview

Athene

Overview

Athene Insurance Organization At a Glance1

Athene Holding Ltd.(“Athene Holding”)

(Bermuda)

Athene Asset Management, L.P.

(“AAM”)

Athene Life Re Ltd.(“ALRe”)

(Bermuda)

Athene USA Corporation

(“AUSA”)

Athene Annuity & Life Assurance Company

(DE) (“AADE”)

Athene Annuity and Life Company2 (IA) (“AAIA”)

Athene Life Insurance Company

(“ALIC”)

Athene Annuity & Life Assurance Company of New York3

(“AANY”)

• Parent to the U.S.-based insurance companies operating under the Athene USA umbrella

• Founded in 2009

• Core business is fixed annuity reinsurance

• Partners with primary life and annuity insurance companies

• One of the industry’s fastest-growing writers of fixed and fixed indexed annuities

• Licensed in all 50 states and D.C.

• Focused on consumers’ retirement accumulation and income needs

Our Story

#2 Second largest in sales of fixed indexed annuities for the 12 months ended Dec. 31, 20174

34,000 independent agents

1,100 employees

$82billion

Approximately $82 billion in invested assets,

and $90.5 billion in total liabilities5

100years

Although our name is relatively new, our acquired companies have been serving customers for more than 100 years

Policyholder protection is, and always has been, our priority

2009 2010 2011 2012 2013 2015 2016

6/29/09 Licensing ofAthene Life Re Ltd.

2/1/12 LLIC renamed Athene Annuity & Life Assurance Company

10/2/13 Completed acquisition of Aviva USA

10/1/15 Completed acquisition of Delta Lloyd Deutschland (DLD)

4/29/11 Acquisition of Liberty Life Insurance Company (LLIC)

4/29/11

Reinsured all of LLIC life and health business to Protective

7/1/09 Reinsured fixed annuities from American Equity Investment Life Insurance Company

Building a Leading Annuity Franchise:Completed five acquisitions in the past six years

7/18/11 Acquisition of Investors Insurance Corporation (IIC)

12/17/11 Reinsured $3.1 billon of fixed annuities and funding agreements from Transamerica

12/28/12 Completed acquisition of Presidential Life Corporation (PLIC)

12/9/16 Athene Holding Ltd. began trading on the New York Stock Exchange

Why Des Moines?Iowa has built an environment that fosters success for insurance and financial services.

2017

DES MOINES, IOWA has the 2ND HIGHEST

concentration ofFinancial Services

In the NATION.6

Almost44,200 insuranceprofessionalscall Iowa home.6

12/21/17 Entered into Reinsurance Agreement with Voya Financial

Key Financial Highlights

Key FinancialH

ighlights

Core Ratings

A(excellent)

A.M. Best7

As of August, 2017

A-(strong)

S&P7

As of March, 2015

A-(strong)

Fitch7

As of June, 2016

Athene has been able to generate strong financial returns in a multi-year low rate environment. We believe we have fewer legacy liability issues than our peers given that all of our retail and flow reinsurance liabilities were underwritten after the financial crisis, and the majority of the liabilities we acquired through our acquisitions and block reinsurance were acquired at a discount to book value.

Athene Investment Portfolio

$82billion

• As of December 31, 2016, Athene Holding Ltd. had $99.7 billion in total assets, and $90.5 billion in total liabilities.

• Approximately 94% of total portfolio rated NAIC 1 or 28 (highest designation)

• Portfolio maintains significant liquidity to capitalize on market dislocations.

• Athene does not have to stretch for yield in our investment portfolio to generate target returns. We can be patient, opportunistic and disciplined in our asset allocation.

Approximately $82 Billion Invested Assets5

Product Portfolio Overview

Product Portfolio

O

verview

Product Portfolio Overview

Partner with Athene and leverage one of the strongest lineups of fixed and fixed indexed annuities in the market with targeted solutions for:

• Accumulation

• Income

• Legacy Transfer

Help clients achieve their specific retirement goals using our specialized products with features, such as:

• Income riders

• Confinement and Terminal Illness Waivers

• Death Benefit Riders

Athene MYGSM Series

Competitive RatesDeliver the rates clients are asking for with an interest rate on initial premium guaranteed for up to seven years.

Choice of 3, 5 and 7-year TermsFlexibility to choose the term that best fits a client’s savings timeline.

Accepts Additional PremiumsUp to $100,000 per year, to a Total Maximum Premium of $1,000,000.

Access to money when it’s needed most• Up to 10% annual free withdrawals available in the first contract year.

• Withdrawal up to 100% for qualifying confinement and terminal illness*.

• An optional Return of Premium benefit when you purchase your annuity with the MYG ROP.2

Death BenefitProvides the ability to create a legacy.

A multi-year guarantee annuity for dependable asset growth with Return of Premium option.

Featured Solutions

1 Not available in all states. Additional limitations, variations and exclusions may apply.2 Return of Premium (ROP) is a product variation. Inclusion of the return of premium guarantee will result in lower

interest crediting rates. Please refer to Certificate of Disclosure for further information.

Athene ProtectorSM 5 and 7

Protection from market downturnsAn Athene Protector Annuity protects clients from losing money in their annuity due to market losses — even during economic downturns. Money is not directly exposed to the risks of the stock market or individual stocks.

Minimum Interest CreditProvides the opportunity for a one-time automatic interest credit. If at the end of thewithdrawal charge period, the total interest credited to the Accumulated Value is lessthan the Minimum Interest Credit, the client automatically receives a one-time interestcredit equal to the difference.

Bailout FeatureIf Athene lowers the declared 1-Year Point-to-Point Index Strategy Annual Cap Rate below the Bailout Cap Rate, this feature gives the client full access to the Accumulated Value for up to 30 days — free of any charges — so clients can feel confident about their money.1

Index OptionsA variety of indices are available including traditional equity indices, plus alternative indicesexclusive to Athene.

Return of Premium RiderA built-in Return of Premium benefit, for a charge, provides clients with protection from unpredictable circumstances. Clients can surrender their annuity at any time during the Withdrawal Charge Period and receive their initial purchase premium, less and prior withdrawals.2 The Return of Premium benefit is not available after the Withdrawal Charge period has elapsed.

Peace of mind for the journey ahead

1 After the 30-day Bailout Window, all charges may apply.2 Withdrawals do not include and applicable Rider or Withdrawal Charges.

Athene AscentSM Pro 7

Protection from market downturnsAn Athene Ascent Pro Annuity protects clients from losing money in their annuities due tomarket losses. The value of the contract is not directly exposed to the risks of the stock marketor individual stocks.

Minimum Interest CreditProvides the opportunity for a one-time automatic interest credit. If at the end of the withdrawal charge period, the total interest credited to the Accumulated Value is less than the Minimum Interest Credit, the client automatically receives a one-time interest credit equal to the difference.

Bailout FeatureIf Athene lowers a Cap Rate below a minimum Cap, the Bailout feature gives full access to theAccumulated Value — free of any charges.

Index OptionsA variety of indices are available including traditional equity indices, plus alternative indices exclusive to Athene.

Income RiderThanks to the built-in income rider (for a charge) clients can enjoy income that lasts as longas their retirement does.

For retirement income that can last a lifetime.

Athene AscentSM Accumulator 5 and 7

Protection from market downturnsAn Athene Ascent Accumulator Annuity protects clients from losing money in theirannuities due to market losses — even during economic downturns. Money is not directlyexposed to the risks of the stock market or individual stocks.

Minimum Interest CreditProvides the opportunity for a one-time automatic interest credit. If at the end of the withdrawal charge period, the total interest credited to the Accumulated Value is less than the Minimum Interest Credit, the client automatically receives a one-time interest credit equal to the difference.

Bailout FeatureIf Athene lowers a Cap Rate below a minimum Cap, the Bailout feature gives full access to the Accumulated Value — free of any charges.

Index OptionsA variety of indices are available including traditional equity indices, plus alternative indices exclusive to Athene.

Death Benefit RiderMaximize your clients legacy with the Athene Ascent Legacy Rider, optional for a charge.

Retirement savings goals are within reach.

Marketing and Training Support

Marketing

and

Training Sup

port

Athene home office advisor training events

• Interaction with key back-office staff

• In-depth product training

• Coffee-break sales ideas

On-site, product-focused advisor training in branch or at your home office

Web-based training capabilities

• Live and pre-recorded webinars

• Product training

• Company Training

• On-demand product video presentation

• Quarterly suitability webinars

Co-hosted webinar/conference calls

NAIC product-specific online training

Training Capabilities

Sales Support

Athene Connect Advisor Website

• Wholesaler support with external and internal staff in dedicated territories

• Illustration tool

• Inbound call support

• High-touch sales support experience

The one-stop resource to what advisors use most, including:

• In-force policy details

• Updates and alerts

• Illustrations

• Commission information

• Training registration

Athene’s robust catalog of materials delivers great sales results

MORE Value for Advisors and Clients

MORE Value-added Content A series of “no product push” materials to share with clients and keep you top-of-mind.

Smart Strategies monthly e-newsletter articles Over 130 articles to choose from with new content added monthly. See them all at www.athenesmartstrategies.com.

TitleConsumer

Piece

Make Your Retirement Money Last

5 Little Ways to Save Big This Winter

Less Stress in 10 Minutes

Turn Your Hobby Into Income

Should You Pay Off your Mortgage Before You Retire?

Business BuilderReceive MORE ways to sell with sales tools, product support and point-of-sale aids.

Rollover Kit This popular sales kit makes rollovers clean and easy.

TitleForm

NumberAdvisor

OnlyConsumer

Piece

Why roll over your 401(k) into an annuity?

20448

Rollovers: A Billion- Dollar Opportunity

20446

Rollover Quick Guide 20449

Discover Your MORE Using exclusive Athene research, a powerful, new way to sell annuities was created that more aligns to how clients think about retirement.

• Six personalities uncovered

• Fun, interactive quiz for clients to discover their retirement personality

• Use as an effective dialogue starter

• Focusing on clients’ goals based on their retirement hopes and dreams, gives you a unique opportunity to present the solution that meets those goals

Insurance Operations and Administration/IT Capabilities

InsuranceO

perations

Insurance Operations— Experience Working for You

16

21

16 employees in management with more than 200 years of combined experience in the bank distribution channel

21 employees in management with more than 350 years of combined industry experience

200

350

New Business AgencyServices

CustomerContactCenter

Claims OperationsSupport

Chris WelpEVP

Insurance Operations

Insurance Operations Organization Overview

Pat CorbettSVP

Kevin ChristensenVP

Sandy StokleySVP

Post IssueProcessing

At Athene, being driven to do more includes consistently delivering on our promise of exceptional service to our partners. With a professionally trained team working for you, we are positioned to set ourselves above the rest.

Your complete satisfaction is our goal — before, during and after the sale.

LICENSING AND CONTRACTING SALES SUPPORT

3

SAMEDAY

Same day turn around for contracting requests, received in good order, with an application in house.

3 business days for requests, received in good order, without new business applications.

A dedicated three person sales team ready to assist with all your pre-sale needs.

Before the Sale STARTING YOU OFF RIGHT

NEW BUSINESS

New applications with cash: Two day turn around including requirement and suitability (when applicable) review for applications received in good order.

New applications without cash: Letter of acceptance and transfer paperwork sent to ceding carrier within three days for applications received in good order.

3

During the Sale PROCESSING WITH SPEED AND ACCURACY

2

CUSTOMER CONTACT CENTER

COMMISSIONSProcessed daily when ACH is used.

Average call response is 60 seconds or less.

60SECONDS

After the Sale DELIVERING THE FINAL TOUCH

Delivering on our Promises

Order Entry Salesforce.com

Commission Vesting Advancing and Netting

Selling Agreement Tracking Athene Connect Advisor Website

FI Channel Indicator

2017 Operations Initiatives

IT Projects

• Advancing of commissions

• Custodial business

• Netting of commissions

• Commissions paid to active writing hierarchy

1 Chart excludes certain entities, including entities that are expected to be merged, dissolved or sold in the near term future.

2 Formerly known as Aviva Life and Annuity Company. 3 Formerly known as Presidential Life Insurance Company.4 Rankings as of December 31, 2017, per LIMRA.5 Invested assets and liabilities are presented as of December 31, 2017. In managing our business we

analyze invested assets, which do not correspond to total investments, including investments in related parties. Invested assets represent the investments that directly back our policyholder liabilities as well as surplus assets. Invested assets includes (a) total investments on the consolidated balance sheet with AFS securities at amortized cost, excluding derivatives, (b) cash and cash equivalents and restricted cash, (c) investments in related parties, (d) accrued investment income, (e) the consolidated VIE assets, liabilities, and non-controlling interest, and (f) policy loans ceded (which offset the direct policy loans in total investments). Invested assets also excludes assets associated with funds withheld liabilities related to business exited through reinsurance agreements and derivative collateral (offsetting the related cash positions). We include the underlying investments supporting our assumed funds withheld and modified coinsurance agreements in our invested assets calculation in order to match the assets with the income received. We believe the adjustments for reinsurance provide a view of the assets for which we have economic exposure.

6 Source: Iowa Economic Development 20177 Financial strength ratings for Athene Annuity & Life Assurance Company, Athene Annuity and Life

Company, Athene Annuity & Life Assurance Company of New York and Athene Life Re Ltd. S&P, A.M. Best and Fitch’s credit ratings reflect their assessment of the relative ability of an insurer to meet its ongoing insurance policy and contract obligations. A.M. Best rating as of April 2017 (A, 3rd highest of 16), S&P rating as of March 2016 (A-, 7th highest of 21), and Fitch rating as of December 2016 (A-, 7th highest of 19). Athene Holding Ltd.’s credit rating is bbb/BBB/BBB for A.M. Best, S&P and Fitch, respectively.

8 Germany fixed maturity securities’ NAIC ratings are mapped based on their NRSRO ratings.

Athene MYG Series [MYG (09/15) ICC15 MYG NMV (09/15)] [ICC17 ROP (08/17)]; in New York Athene MYG Series [MYG NMV (09/15)] [ROP (08/17)] issued by Athene Annuity & Life Assurance Company of New York, headquartered in Pearl River, New York; Athene Ascent Pro [GEN (09/15) NB] and Athene Ascent Income Rider [IR1 (09/15), IR2 (09/15)] or state variations; Athene Ascent Accumulator [GEN (09/15) NB, GEN (07/16) NB] and Athene Ascent Legacy Rider [GMDB (06/16), ICC16 GMDB (06/16)], or state variations; are issued by Athene Annuity and Life Company, West Des Moines, IA. This contract contains limitations, exclusions and charges. Please contact the company for complete details. Products not available in all states.

The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an Athene annuity.

ATHENE ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT.