For Agent Use Only AMERICAN NATIONAL INSURANCE COMPANY A+ A+ by AM Best & Co. AA AA by Standard & Poor Over $3 Billion in Capital Surplus $125 in Assets for every $100 of Liabilities Consolidated Assets of over $17 Billion 96! And a Comdex Score of 96!

For Agent Use Only Fixed Annuities - What’s New? “ASIA” Our ANICO Strategy Indexed Annuity or – “ASIA” We’ve come up with a truly winning formula We’ve come up with a truly winning formula Annual Reset! Riders Galore!

For Agent Use Only ANICO Strategy Indexed Annuity The ANICO Strategy Indexed Annuity is Coming Your Way... Want to learn about what is the next best indexed annuity? 1. Clean Simple Design 2. Strong Guarantees 3. Innovative Riders Not Available on any fixed or indexed annuities!

For Agent Use Only ANICO Strategy Indexed Annuity Indexed to the S&P 500 No Averaging  Annual Reset/Point-to-Point, No Averaging Locked in  100% Participation Locked in at Issue (Only Moving Part)  Annually Declared Cap Rate (Only Moving Part)  Both an Index Interest & Fixed Interest Acct. –Index interest based on S&P 500 Performance –Fixed Interest declared annually –Can reallocate funds between the two accounts on policy anniversary – no restrictions on allocation %

For Agent Use Only ANICO Strategy Indexed Annuity Indexed to the S&P 500  Issued to ages 0-85 Owner/Annuitant  Single Premium Product –$5,000 Minimum Premium for Non-Qualified –$4,000 Minimum Premium for Qualified  10% Penalty-Free Withdrawals of Annuity Value after 1 st Yr (No MVA)  Both a 7 and a 10-yr Surrender (No MVA) 7-yr: 7,7,6,5,4,3,2,07-yr: 7,7,6,5,4,3,2,0 10 Yr: 9,9,8,7,6,5,4,3,2,1,010 Yr: 9,9,8,7,6,5,4,3,2,1,0 Walk-away at end of termWalk-away at end of term

For Agent Use Only ANICO Strategy Indexed Annuity Indexed to the S&P 500  Waiver of Surrender Charges –10% Partials after yr 1 Based on full Account Value as of beginning of contract yearBased on full Account Value as of beginning of contract year Includes Indexed Interest CreditsIncludes Indexed Interest Credits (ALL Yrs) –Required Minimum Distributions (ALL Yrs) –Disability or Confinement in a: HospitalHospital Hospice FacilityHospice Facility Convalescent Care FacilityConvalescent Care Facility  Death Benefit –Paid at the death of the Owner OR –Greater of Full Annuity (Account) Value, including indexed earnings up to the date of death OR –Surrender Value

For Agent Use Only Upgrades…. ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Upgrades…. (Optional)Lifetime Income Rider  Innovative (Optional) Riders: Lifetime Income Rider –Payments can begin anytime after age 60 No Minimum Waiting Period based on age at time of commencementIncome % is based on age at time of commencement –Age = 5% –Age = 6% –Age 80+ = 7% –Guarantees Income for Life Even if the Annuity Value Declines to 0! –It must be added at issue, but can be dropped anytime! –Payment based on highest AV from date payments start – but the payment cannot go down

For Agent Use Only Upgrades…. ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Upgrades…. (Optional) Lifetime Income Rider  Innovative (Optional) Riders: Lifetime Income Rider –Income Benefit is treated like a free partial withdrawal IT CAN BE STOPPED AT ANYTIME!IT CAN BE STOPPED AT ANYTIME! That’s right – the guarantees of a lifetime annuitization with the flexibility of systematic withdrawals – You Can’t Beat That!That’s right – the guarantees of a lifetime annuitization with the flexibility of systematic withdrawals – You Can’t Beat That! Payments can be re-started after having been stoppedPayments can be re-started after having been stopped Can take less than the full amount available and increase it laterCan take less than the full amount available and increase it later –The Cost for the rider is guaranteed at issue for the life of the contract It is.40% of the account value per yearIt is.40% of the account value per year Much lower than competing variable products!Much lower than competing variable products! Only deducted in years when there’s positive AV GrowthOnly deducted in years when there’s positive AV Growth –Past amounts not deducted for will be debited in future years when AV growth is sufficient to accommodate such cost

For Agent Use Only Upgrades... ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Upgrades... (Optional) Enhanced Death Benefit Rider  Innovative (Optional) Riders: Enhanced Death Benefit Rider –Enhanced Death Benefit Rider – Increases DB by a % of AV gains Based on Issue Age –Benefit Varies by Age Based on Issue Age Through age 69 = 45% Ages 70 – 74 = 25% Ages 75 – 80 = 20% Ages 81+ = 15% –NO UNDERWRITING! BUT... –Rider Terminates at Age 95, BUT... –At age 95, the EDB Amount is added to the AV! –Must be added at issue, but can be dropped at anytime –Cost is guaranteed for the life of the contract Is anticipated to be.25% of the account value per yearIs anticipated to be.25% of the account value per year

For Agent Use Only Upgrades... ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Upgrades... Return of Premium Rider  Totally Innovative Riders: Return of Premium Rider –Gtd. Min. SV = Initial Premium – Withdrawals –Must be added at issue –Cannot be Dropped –Cost will be a reduction in the declared cap rate and/or the fixed interest rate Current reduction is.50% from the current cap rate or Current reduction is.20% from the fixed interest rate

For Agent Use Only Commissions ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Commissions WITHOUT  Commissions WITHOUT Trails: –‘ASIA’ 10 8%, Ages 0-758%, Ages %, Ages %, Ages %, Ages %, Ages –‘ASIA’ 7 5%, Ages 0-755%, Ages %, Ages %, Ages %, Ages %, Ages 81-85

For Agent Use Only Commissions ANICO Strategy Indexed Annuity Indexed to the S&P 500 – Commissions WITH  Commissions WITH Trails: –‘ASIA’ %, Ages %, Ages %, Ages %, Ages %, Ages %, Ages –‘ASIA’ 7 3%, Ages 0-753%, Ages %, Ages %, Ages %, Ages %, Ages –TRAILS =.40% to the General Agent

For Agent Use Only As of 8/1/06... ANICO Strategy Indexed Annuity Indexed to the S&P As of 8/1/06...  Minimum Guaranteed Surrender Value is based on a Minimum Guaranteed Interest Rate (MGIR) based on 90% of premium –Indexed Interest Account ASIA 3.00%ASIA 3.00% ASIA 2.75%ASIA 2.75% –Fixed Interest Account ASIA 3.00%ASIA 3.00% ASIA 3.00%ASIA 3.00%

For Agent Use Only As of 8/1/06... ANICO Strategy Indexed Annuity Indexed to the S&P 500 – As of 8/1/06...  Annually Declared Cap Rates Are: –ASIA 10 = 7.4% –ASIA 7 = 8% –Minimum Guarantee for contract yrs 2-10 is 4%  Fixed Interest Bucket is Crediting: –ASIA 10 = 3.85% –ASIA 7 = 4.15%  Client Notification at Renewal/Anniversary –Policyholder receives a letter 5 weeks prior to anniversary notifying them of renewal rates

For Agent Use Only State Approvals ANICO Strategy Indexed Annuity Indexed to the S&P 500 – State Approvals Both  ASIA Both the 7 and the 10 –Available in all states except the following: MDTX MAUT MNVT MTWA NDOKORPA

For Agent Use Only So, be on the look-out for “ASIA”, the next BEST

For Agent Use Only Other Winning Annuities... MYG  Multi-Yr Gtees – 3 to 10 Yrs  Great Rates – 4, 5 & 6 are the sweet spot  Non-renewing Surrender Charge  Full Death  10% P/F after Yr1  We are the ‘PLAYER’ in the Multi-Year Guarantee Market! Citadel 5 & 7  5 or 7 Yr Surrender Charge  5 is SPDA  7 is FPDA  Principal Gtd  10% P/F All Yrs  No Max Issue Age for Owner  Full 1 st Death- owner/Annt  1% Bonus (Cit 5)  2% Bonus (Cit 7) – 1 st 3 Yrs! Century  10 Yr Surrender  SPDA  Choice of a 1%, 3%, 5%, 7% first Yr. Interest Bonus  10% P/F All Yrs  Full Death of Owner  5%-8% Comp  Trails Available  Great Bonus Annuity Series SPIA  Issued up to 90  5-yr Minimum Pay-out  Very Competitive on 10-yr Certains or longer  Best Pay-outs on Life Contingencies –Sgl or Joint  10% Partials or Full Surrender of Commuted Value After 3 Yrs or Even at Death!  BY CONTRACT

For Agent Use Only Is That It?

For Agent Use Only Heck No, How About our “Cash Is King Contest for Your Agents... ?

For Agent Use Only Cash Bonus for Writing Agents: 7/1/06 – 9/30/06 on EIA Sales  $250,000 - $500,000=$250  $500,001 - $750,000=$500  $750,001 - $1,000,000=$1,000  $1,000,001 +=$2,000  Based on cumulative premium written & paid during contest period

For Agent Use Only American National Insurance Company  Thanks for your interest in American National and especially your business!  We look forward to a long and profitable relationship with you.