Product Specific Training Certification NAIC suitability in annuity transactions SAVING : INVESTING : PLANNING FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Product features described are for NY only

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 2 INCLUDES 1Portfolio Director ® Fixed and Variable Annuity 2 Equity Director ℠ Annuity 3VALIC Assured Choice Annuity ® 4 ProFlex ℠ Annuity 5 Premiere 5 ℠ and 7 ℠ Annuities 6Inside Edge ® Annuity 7Fixed-Interest Options

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Required product-specific training Your state requires agents to complete product-specific training prior to selling annuities. Even if you have sold these products in the past, you must complete a training module for each annuity product in order to sell the products.  Please review the following product-specific information  When finished, sign the certificate at the end of the presentation to acknowledge you have read and understand the product information  Once done, you will be eligible to continue selling For product questions, please contact the VALIC Internal Wholesaling team at

4 Portfolio Director 1

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 5 Portfolio Director Product TypeFixed and variable annuity offered in all group markets Investment Types Available3 Fixed/59 Variable Options Investment OptionsUp to 20 options can be open at a time Free-Look Period10 Days Minimum Guaranteed Rate3% in NY Interest Rates Declared Fixed Account Plus – Banded Rate declared monthly Short Term Fixed – Portfolio rate declared annually Multi Year Option – Rate declared monthly Minimum Purchase Premium$30.00 Minimum Subsequent Premium$30.00 Maximum Premium Amount (without prior co. approval) $750,000 Maximum Annuity AgeAge 75 Annuity Options  Life  Life with Guaranteed Period  Life with Cash or Unit Refund  Joint and Survivor Life  Designated Period Administrative Fee$3.75/QTR depending on your contract (waived if in Fixed funds only) Initial Sales ChargeNone Separate Account Fee Range0.75% – 1.25%

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 6 Portfolio Director Net Fund Fee Range0.19% % Withdrawal Charge The lesser of: 5% of the amount withdrawn, or 5% of all purchase payments made within the last 5 years Free Partial Withdrawals 10% annually; Death; Annuitization; No purchase payments in last 60 months Disability; 15 years in contract; Separation from service/5 years in contract/age 55; 5 years in contract/age 59 ½; No-Charge Minimum Distribution; No-Charge Systematic Withdrawal 10% Free OutYes Transfers to Investment Options Yes. Must comply with Investor Trading Policy. Transfers from the Multi Year options may incur a market value adjustment if made prior to the end of a term. Amount of Death Benefit In NY the contract death benefit is the greater of Account Value, or 100% of all purchase payments less all prior withdrawals, charges or portions applied under a payout option. The contract endorsement states that if contract death benefit amount exceeds account value, then the total death benefit paid may be adjusted to limit the death benefit due to withdrawals. An adjusted purchase payment amount of 100% of purchase payments minus gross withdrawals. The contract death benefit and the adjustment purchase payment amount are compared and the lesser benefit is then compared to the account value and the beneficiary will receive the greater of those two amounts.

7 Equity Director 2

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 8 Equity Director Product TypeFixed and variable annuity offered in all group markets Investment Types Available3 Fixed/58 Variable Options Investment OptionsUp to 20 options can be open at a time Free-Look Period10 Days Minimum Guaranteed Rate3% in NY Interest Rates Declared Fixed Account Plus – Banded Rate declared monthly Short Term Fixed – Portfolio rate declared annually Multi Year Option – Rate declared monthly Minimum Purchase Premium$30.00 Minimum Subsequent Premium$30.00 Maximum Premium Amount (without prior co. approval) $750,000 Maximum Annuity AgeAge 75 Annuity Options  Life  Life with Guaranteed Period  Life with Cash or Unit Refund  Joint and Survivor Life  Designated Period Administrative Fee$3.75/QTR depending on your contract (waived if in Fixed funds only) Initial Sales ChargeNone Separate Account Fee Range1.60%-2.10%

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 9 Equity Director Net Fund Fee Range 0.19% – 1.35% (Rollover IRA) 0.38% – 1.18% (NQDA) Withdrawal Charge The lesser of: 5% of the amount withdrawn, or 5% of all purchase payments made within the last 5 years Free Partial Withdrawals 10% annually; Death; Annuitization; No purchase payments in last 60 months Disability; 15 years in contract; Separation from service/5 years in contract/age 55; 5 years in contract/age 59 ½; No-Charge Minimum Distribution; No-Charge Systematic Withdrawal 10% Free OutYes Transfers to Investment Options Yes. Must comply with Investor Trading Policy. Transfers from the Multi Year options may incur a market value adjustment if made prior to the end of a term. Amount of Death Benefit In NY the contract death benefit is the greater of Account Value, or 100% of all purchase payments less all prior withdrawals, charges or portions applied under a payout option. If contract death benefit amount exceeds account value, then the total death benefit paid may be adjusted to limit the death benefit due to withdrawals. An adjusted purchase payment amount of 100% of purchase payments minus gross withdrawals. The contract death benefit and the adjustment purchase payment amount are compared and the lesser benefit is then compared to the account value and the beneficiary will receive the greater of those two amounts.

Assured Choice Annuity 3 10

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. VALIC Assured Choice Contribution TypeSingle premium Plan Types Available IRA, Roth IRA, NQDA Premium BonusNo Return-of-Premium GuaranteeNo Free-Look Period 20 days Initial Guaranteed Interest Rate Guaranteed for initial rate term selected. Interest Rate Enhancement N/A Minimum Guaranteed Rate Index Guaranteed Rate Lock Initial rate lock is guaranteed for 60 days from the date of signing the application on any 1035 exchange, direct rollover or transfer When Interest Rates DeclaredReviewed monthly Market Value Adjustment (MVA) Yes – withdrawals in excess of permitted amounts are subject to an MVA during the Term Period. No MVA applies to withdrawals made during 30-day window following Term. 11

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 12 VALIC Assured Choice Minimum Purchase Premium$10,000 Minimum Subsequent Premium None Minimum Account Value$2,000 Minimum Random Withdrawals$250 Minimum Systematic Withdrawals$50 Maximum Premium Amount (without prior co. approval) $750,000 Issue Age0-85 Nonqualified and qualified annuities Maximum Annuity AgeAge 90 – Nonqualified annuities Annual FeeNone Initial Sales ChargeNone

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Free Partial Withdrawals After 30 days, can take systematic withdrawals of accumulated interest with no withdrawal charges or MVA. 10% Free Out No free out in first year. After first contract year, greater of accumulated interest or 10% of previous anniversary account value available each year free of charges or MVA. Free out amount is noncumulative and any unused portion does not roll over to the following year. Systematic WithdrawalsYes Extended Care WaiverNo Terminal Illness WaiverNo Amount of Death BenefitAnnuity value. No early withdrawal charge or MVA applies. 13 VALIC Assured Choice Withdrawal Charge Policy Year Charge % %

ProFlex Annuity 4 14

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. ProFlex Annuity Contribution TypeFlexible premium Plan Types Available Individual or Transfers - IRA, Roth IRA, NQDA Salary Reduction - 403(b) Premium BonusNo Return-of-Premium GuaranteeYes Free-Look Period 20 days Initial Guaranteed Interest Rate Interest rates on new deposits received are guaranteed for the remainder of the calendar year and intended to be credited for the next calendar year. Thereafter, a pooled rate will be credited to the deposit and related interest. Interest Rate EnhancementYes. Applies to each deposit for one year from date of deposit. Minimum Guaranteed Rate Index Guaranteed Rate LockN/A When Interest Rates DeclaredReviewed monthly Market Value Adjustment (MVA)N/A 15

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 16 ProFlex Annuity Minimum Purchase Premium$2,000 or $50 per month Minimum Subsequent Premium$50 per month Minimum Account Value$2,000 Minimum Random Withdrawals$250 Minimum Systematic Withdrawals$50 Maximum Premium Amount (without prior co. approval) $750,000 Issue Age 0-85 Nonqualified and qualified rollover annuities 0-70 Qualified Maximum Annuity AgeAge 90 - Nonqualified annuities Annual FeeNone Initial Sales ChargeNone

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 17 Free Partial Withdrawals Withdrawal of 10% of the annuity value annually after first policy year. 10% Free Out No free out in first year. After first contract year, 10% of annuity value free of charges each year. Free out amount is non- cumulative and any unused portion does not roll over to the following year. Systematic WithdrawalsYes Extended Care WaiverYes Terminal Illness WaiverYes Amount of Death BenefitAnnuity value, less any outstanding loan balance. ProFlex Annuity Withdrawal Charge Premium Year Charge %555550%

Premiere 5 and Premiere

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 19 Premiere 5 and 7 Contribution TypeFlexible premium Plan Types AvailableIRA, Roth IRA, SEP IRA, NQDA Premium BonusNo Return-of-Premium GuaranteeYes Free-Look Period 20 days Initial Guaranteed Interest Rate Initial interest rate for original purchase payment is guaranteed for the guarantee period offered (Premiere 5 offers 1 yr, 3 yr, or 5 yr and Premiere 7 offers 1 yr, 3 yr or 7 yr). Additional contributions will earn the interest rate then in effect. Interest Rate Enhancement An interest rate enhancement may be available for the initial guarantee period only. In addition, an interest rate enhancement for the guarantee period only is available for deposits over $100,000 from non-VALIC sources. (There is also a 15 bp bonus on IRA plans.) Minimum Guaranteed Rate Index Guaranteed Rate Lock Initial rate lock is guaranteed for 60 days from the date of signing the application on any 1035 exchange, direct rollover or transfer When Interest Rates DeclaredReviewed biweekly Market Value Adjustment (MVA)No

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 20 Premiere 5 and 7 Minimum Purchase Premium$5,000 nonqualified/$2,000 qualified Minimum Subsequent Premium$2,000 Minimum Account Value$2,000 Minimum Random Withdrawals$250 Minimum Systematic Withdrawals$50 Maximum Premium Amount (without prior co. approval) $750,000 ($500,000 above age 75) Issue Age0-85 transfers or rollovers Maximum Annuity AgeAge 90 Annual FeeNone Initial Sales ChargeNone

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 21 Free Partial Withdrawals After 30 days, can take systematic withdrawals of accumulated interest with no withdrawal charges. If withdrawals are less than 10%, then the remaining percentage is carried over to the next year (not to exceed 20%). 10% Free Out No free out in first year. After first contract year, greater of accumulated interest or 10% of previous anniversary account value free of charges. Any unused portion may be carried over to next year up to a maximum of 20% in any year. Systematic WithdrawalsYes Extended Care WaiverYes Terminal Illness WaiverNo Amount of Death BenefitAnnuity value. No early withdrawal charge applies. Premiere 5 and 7 Withdrawal Charge Premium Year Charge % 7 yr % Charge % 5 yr %

22 Inside Edge 6

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 23 Inside Edge Program Description Program includes a mutual fund product with a fixed annuity investment product. CustodianVALIC Custodian Fee$30 per year ($10 per quarter) Contribution TypeFlexible Premium Plan Types Available403(b), 401(a) ROTH, 457(b) (Profile offer Special Pay Plans) Mutual Fund Investment Options88 funds available (47 VCI & VCII and 41 public funds) Net Fund Annual Expense Range0.38% – 1.77% (includes reimbursements or expense waivers) Fixed Investment Long Term Fixed Annuity (Individual contract): 20% free out per year; 5% withdrawal charge on withdrawals in excess of 20%. Exceptions to Withdrawal Charge: Annuitization; Death; Disability; Minimum Distribution; 59½ or older and five years in the contract; Separation from Service/Retirement. Interest CreditingBanded (declared monthly, credited daily) Minimum Guaranteed Rate3% in NY Return of Premium GuaranteeNo Free-Look Period20 Days Minimum Purchase PremiumGroup Market - $50 Minimum Subsequent PremiumGroup Market - $50 Minimum Account Value$200

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 24 Inside Edge Minimum Systematic Withdrawals$50 Issue AgeAge 90 (may differ based on state requirements for fixed annuity) Maximum Annuity AgeAge 90 Initial Sales ChargeNone Systematic WithdrawalsYes Amount of Death BenefitAccumulation value of mutual funds plus the fixed annuity GPS Fees Portfolio Manager Service optional for 403(b)  First $100, %  Next $150, %  Amount over $250, % OR Portfolio Advisor Service of $25 annual fee Compensation Group: None GPS Asset Based Compensation

Fixed-Interest Options 7 25

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Fixed-Interest Option (GFUA-398) Product Description Group Fixed Unallocated Annuity – Contract is issued to the Plan Sponsor. Participants receive a welcome letter but no contract. Contribution TypeFlexible premium Plan Types Available403(b), 457(b), 401(a) Return-of-Premium GuaranteeN/A Free-Look Period N/A Interest Rate Interest rates are declared monthly and are guaranteed until that rate is changed. All deposits (new and old) receive the same interest rate. Minimum Guaranteed Rate 1.5% When Interest Rates DeclaredMonthly Minimum Purchase PremiumN/A 26

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Fixed-Interest Option (GFUA-398) Minimum Purchase PremiumN/A Minimum Subsequent PremiumN/A Minimum Account ValueN/A Maximum Deposit ValueN/A Issue AgeN/A Maximum Annuity AgeN/A Annual FeeNone Initial Sales ChargeNone 27

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 28 Fixed-Interest Option (GFUA-398) Surrender Restrictions Liquidation is done at the group level. Five year Equal Amount installment method Decreasing Balance method Additional options available with Underwriting Committee Approval Market Value Adjustment – allows for neutral, positive or negative adjustment (not available in all states) No Surrender Charge Option Participant Withdrawal ChargeNone Participant Withdrawal Restrictions None – if the plan has no competing options. If the plan includes a competing option, the Participant must transfer fixed assets to an equity option where the requested transfers must remain for at least 90 days before transferring to the competing option. Free OutN/A Systematic WithdrawalsYes Amount of Death BenefitN/A (Group Unallocated contract)

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. I certify that I have read and understand the training materials provided. I further certify that I will read any updated and/or additional product training materials provided by VALIC. I understand that it is my obligation as an agent appointed with VALIC to be knowledgeable of the material features of the annuity products I sell. _________________________________ __________________________________ (Signature) (Date) _________________________________ __________________________________ (Printed Name) (VALIC Agent Number) You may fax this form to our Licensing Department at (806) or it to VALIC at NY-IND 29 Product Training Certification

FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. 30 Annuity contracts are issued by The Variable Annuity Life Insurance Company and distributed by its affiliate, American General Distributors, Inc., member FINRA. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Copyright © The Variable Annuity Life Insurance Company. All rights reserved. VALIC.com VC (05/2011) J82342

THANK YOU SAVING : INVESTING : PLANNING FOR FINANCIAL ADVISOR USE ONLY. NOT TO BE DISTRIBUTED TO PUBLIC. Product Specific Training Certification NAIC suitability in annuity transactions Product features described are for NY only