# EDGAR Filing Document

**Accession Number:** 0001051485
**File Stem:** 0001193125-26-191215
**Filing Date:** 2026-4
**Character Count:** 347006
**Document Hash:** 78747642a687ce6d11a30b41937bee48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-191215.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-191215

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AGL SEPARATE ACCOUNT VL-R
- **CENTRAL INDEX KEY:** 0001051485

**ORGANIZATION NAME:**
- **EIN:** 250598210
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08561
- **FILM NUMBER:** 26915084

**BUSINESS ADDRESS:**
- **STREET 1:** 2727-A ALLEN PARKWAY
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019
- **BUSINESS PHONE:** 713-522-1111

**MAIL ADDRESS:**
- **STREET 1:** 2727-A ALLEN PARKWAY
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGL SEPARATE ACCOUNT VL R
- **DATE OF NAME CHANGE:** 19990907

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN GENERAL LIFE INSURANCE CO SEPARATE ACCOUNT VL R
- **DATE OF NAME CHANGE:** 19971216
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AGL SEPARATE ACCOUNT VL-R
- **CENTRAL INDEX KEY:** 0001051485

**ORGANIZATION NAME:**
- **EIN:** 250598210
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-234480
- **FILM NUMBER:** 26915083

**BUSINESS ADDRESS:**
- **STREET 1:** 2727-A ALLEN PARKWAY
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019
- **BUSINESS PHONE:** 713-522-1111

**MAIL ADDRESS:**
- **STREET 1:** 2727-A ALLEN PARKWAY
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGL SEPARATE ACCOUNT VL R
- **DATE OF NAME CHANGE:** 19990907

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN GENERAL LIFE INSURANCE CO SEPARATE ACCOUNT VL R
- **DATE OF NAME CHANGE:** 19971216

## Series and Classes Contracts Data

### AGL SEPARATE ACCOUNT VL-R (Series ID: S000000574)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000217273 | AGL EquiBuilder III VUL (fka American Franklin) Policy No. T1735 |  |

**Registration Nos. 333-234480** <br>

**811-08561** 

------

**UNITED STATES** <br>**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

---

| | |
|:---|:---|
| **FORM N-6** |  |
| **REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** |  |
| Pre-effective Amendment No. | **☒** |
| Post-Effective Amendment No. [7] | **☐** |
| and/or |  |
| **REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940** |  |
| Amendment No. [216] | **☒** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**AMERICAN GENERAL LIFE INSURANCE COMPANY SEPARATE ACCOUNT VL-R** 

*(Exact Name of Registrant)* 

------

**AMERICAN GENERAL LIFE INSURANCE COMPANY** 

*(Name of Depositor)* 

------

**2919 Allen Parkway** <br>**Houston, Texas 77019-2191** 

*(Address of Depositor's Principal Executive Offices) (Zip Code)* 

**(800) 871-2000** 

*Depositor's Telephone Number, including Area Code* 

**AMERICAN HOME ASSURANCE COMPANY** 

*(Name of Guarantor)* 

**1271 Avenue of the Americas, FL 37** <br>**New York, New York 10020-1304** <br>**(212) 770-7000** 

*Guarantor's Telephone Number, including Area Code* 

**Trina Sandoval, Esq.** <br>**American General Life Insurance Company** <br>**21650 Oxnard Street** <br>**Woodland Hills, California 91367** 

*(Name and Address of Agent for Service for Depositor and Registrant)* 

**Copy to:** <br>**Kim DeGennaro, Esq.** <br>**American General Life Insurance Company** <br>**2919 Allen Parkway** <br> **Houston, Texas 77019** 

------

---

| | |
|:---|:---|
| Approximate Date of Proposed Public Offering: Continuous. | Approximate Date of Proposed Public Offering: Continuous. |
| It is proposed that this filing will become effective (check appropriate box) | It is proposed that this filing will become effective (check appropriate box) |
| ☐ | immediately upon filing pursuant to paragraph (b) |
| ☒ | on May 1, 2026 pursuant to paragraph (b) |
| ☐ | 60 days after filing pursuant to paragraph (a)(1) |
| ☐ | on (date) pursuant to paragraph (a)(1) of Rule 485 |
| If appropriate, check the following box: | If appropriate, check the following box: |
| ☐ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |

---

------

**EQUIBUILDER III** 

**FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICIES (the "Policies") issued by American General Life Insurance Company ("AGL," "Company," "we," or "us") through its Separate Account VL-R ("Separate Account")**

**This prospectus is dated May 1, 2026**

This prospectus describes all material rights and features of the EquiBuilder III flexible premium variable universal life insurance Policies issued by AGL.

The Policies provide life insurance coverage with flexibility in death benefits, premium payments and investment choices. We use "you" and "your" to refer to an owner of the Policy.

We deposit your net premiums under the Policy into your Policy Account. You decide how to allocate amounts in your Policy Account among the investment options available under the Policy. The Guaranteed Interest Division (which is part of our general account) is a fixed investment option that pays interest at a declared rate. You can also invest in one or more of the Policy's underlying mutual funds ("Funds") through the Policy's variable investment divisions.

Please read this prospectus carefully and keep it for future reference.

**There is no guaranteed cash surrender value for amounts allocated to the variable investment divisions.** 

**If the cash surrender value (the cash value reduced by any loan balance) is insufficient to cover the charges due under the Policy, the Policy may terminate without value.** 

**Buying this Policy might not be a good way of replacing your existing insurance or adding more insurance. We offer several** 

**different insurance policies to meet the diverse needs of our customers. Our policies provide different features, benefits, programs, and investment options offered at different fees and expenses. When working with your insurance representative to determine the best product to meet your needs, you should consider among other things, whether the features of this Policy and related fees provide the most appropriate package to help you meet your life insurance needs. You should consult with your insurance representative or financial advisor.** 

**Neither the Securities Exchange Commission (SEC) nor any state securities commission has approved or disapproved these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.** 

**The Policies are not insured by the FDIC, the Federal Reserve Board or any similar agency. They are not a deposit or other obligation of, nor are they guaranteed or endorsed by, any bank or depository institution. An investment in a variable universal life insurance policy is subject to investment risks, including possible loss of principal invested.** 

AGL no longer sells these Policies, but we continue to accept premiums under existing Policies. The Policies were not available in all states. This prospectus does not offer the Policies in any jurisdiction where they cannot be lawfully sold. You should rely only on the information contained in this prospectus, or on sales materials we have approved or that we have referred you to. We have not authorized anyone to provide you with information that is different. *Please read the prospectus carefully for more detailed information regarding features and benefits of the Policy, as well as the risks of investing.* 

Additional information about certain investment products, including variable life insurance, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

------

**Table of Contents** <br>

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **<u>[IMPORTANT INFORMATION YOU SHOULD CONSIDER](#xx_4e736254-64bc-434a-ad4e-9821f04bf018_1)</u>**<br> **<u>[ABOUT THE POLICY](#xx_4e736254-64bc-434a-ad4e-9821f04bf018_1)</u>**<br>| 4 |
| **<u>[OVERVIEW OF THE POLICY](#xx_99454dc4-e09f-4c17-b835-fbc4cc30fda9_1)</u>** | 7 |
| <u>[Purpose](#xx_99454dc4-e09f-4c17-b835-fbc4cc30fda9_1)</u> | 7 |
| <u>[Premiums](#xx_99454dc4-e09f-4c17-b835-fbc4cc30fda9_1)</u> | 7 |
| <u>[Policy Features](#xx_99454dc4-e09f-4c17-b835-fbc4cc30fda9_1)</u> | 7 |
| **<u>[FEE TABLE](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_1)</u>** | 9 |
| **<u>[PRINCIPAL RISKS OF INVESTING IN THE POLICY](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_3)</u>** | 11 |
| **<u>[CONTACT INFORMATION](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_5)</u>** | 13 |
| **<u>[GENERAL INFORMATION](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_5)</u>** | 13 |
| <u>[American General Life Insurance Company](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_5)</u> | 13 |
| <u>[Separate Account Consolidation](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_6)</u> | 14 |
| <u>[Separate Account VL-R](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_6)</u> | 14 |
| <u>[Guarantee of Insurance Obligations](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_6)</u> | 14 |
| <u>[Statement of Additional Information](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u> | 15 |
| <u>[Communication with AGL](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u> | 15 |
| <u>[Administrative Center](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u> | 15 |
| <u>[eDelivery, Life Consumer Portal, Telephone](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u><br> <u>[Transactions and Written Transactions](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u><br>| 15 |
| <u>[eDelivery](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u> | 15 |
| <u>[Life Consumer Portal](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u> | 15 |
| <u>[Life Consumer Portal Transactions, Telephone](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u><br> <u>[Transactions and Written Transactions](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_7)</u><br>| 15 |
| <u>[One-time Premium Payments Using Life Consumer](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_8)</u><br> <u>[Portal](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_8)</u><br>| 16 |
| <u>[Telephone Transactions by Servicing Agent](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_8)</u> | 16 |
| <u>[General](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_8)</u> | 16 |
| <u>[Illustrations](#xx_d8cdf3ef-cd7e-4f24-90fa-9a7f70953962_8)</u> | 16 |
| **<u>[VARIABLE INVESTMENT DIVISIONS](#xx_19998503-6c81-449f-9beb-82ee69c7967d_1)</u>** | 18 |
| <u>[Payments We Receive from the Funds](#xx_19998503-6c81-449f-9beb-82ee69c7967d_1)</u> | 18 |
| <u>[Voting Rights of a Policy Owner](#xx_19998503-6c81-449f-9beb-82ee69c7967d_1)</u> | 18 |
| **<u>[THE GUARANTEED INTEREST DIVISION](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u>** | 19 |
| **<u>[POLICY FEATURES](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u>** | 19 |
| <u>[Age](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u> | 19 |
| <u>[Death Benefits](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u> | 19 |
| <u>[Maturity Benefit](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u> | 19 |
| <u>[Policy Issuance Information](#xx_19998503-6c81-449f-9beb-82ee69c7967d_2)</u> | 19 |
| <u>[Right to Examine](#xx_19998503-6c81-449f-9beb-82ee69c7967d_3)</u> | 20 |
| <u>[Flexible Premium Payments](#xx_19998503-6c81-449f-9beb-82ee69c7967d_3)</u> | 20 |
| <u>[Limits on premium payments.](#xx_19998503-6c81-449f-9beb-82ee69c7967d_3)</u> | 20 |
| <u>[Premium Payments and Transaction Requests in Good](#xx_19998503-6c81-449f-9beb-82ee69c7967d_4)</u><br> <u>[Order](#xx_19998503-6c81-449f-9beb-82ee69c7967d_4)</u><br>| 21 |
| <u>[Changes in EquiBuilder III Policies](#xx_19998503-6c81-449f-9beb-82ee69c7967d_4)</u> | 21 |
| <u>[Reports To Policy Owners](#xx_19998503-6c81-449f-9beb-82ee69c7967d_5)</u> | 22 |
| <u>[Policy Periods, Anniversaries, Dates and Ages](#xx_19998503-6c81-449f-9beb-82ee69c7967d_5)</u> | 22 |
| **<u>[STANDARD DEATH BENEFITS](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_1)</u>** | 23 |
| <u>[Changing the Face Amount of Insurance](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_1)</u> | 23 |
| <u>[Changing Death Benefit Options](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_2)</u> | 24 |
| <u>[When Face Amount and Death Benefit Changes Go Into](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_2)</u><br> <u>[Effect](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_2)</u><br>| 24 |
| <u>[Tax consequences of changes in insurance coverage](#xx_022eca0c-8caf-464f-b1bd-b4560a43e7ae_2)</u> | 24 |

---

---

| | |
|:---|:---|
|  | **Page** |
| **<u>[OTHER BENEFITS AVAILABLE UNDER THE POLICY](#xx_0192042a-b2f5-41eb-891d-2d6bfd1b8566_1)</u>** | 25 |
| <u>[Standard Benefits (No Additional Charge)](#xx_0192042a-b2f5-41eb-891d-2d6bfd1b8566_1)</u> | 25 |
| <u>[Optional Benefits](#xx_0192042a-b2f5-41eb-891d-2d6bfd1b8566_1)</u> | 25 |
| **<u>[ADDITIONAL INFORMATION ABOUT POLICY RIDERS](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u>** | 26 |
| <u>[Disability Waiver Benefit Rider](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u> | 26 |
| <u>[Accidental Death Benefit Rider](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u> | 26 |
| <u>[Children's Term Insurance Rider](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u> | 26 |
| <u>[Term Insurance on an Additional Insured Person Rider](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u> | 26 |
| <u>[Accelerated Benefit Settlement Option Rider](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_1)</u> | 26 |
| <u>[Tax Consequences of Additional Rider Benefits.](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u> | 27 |
| **<u>[POLICY ACCOUNT TRANSACTIONS](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u>** | 27 |
| <u>[eDelivery, Life Consumer Portal, Telephone Transactions](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u><br> <u>[and Written Transactions](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u><br>| 27 |
| <u>[Changing Premium and Deduction Allocation](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u><br> <u>[Percentages](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u> <br>| 27 |
| <u>[Transfers of Policy Account Value Among Investment](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u><br> <u>[Divisions](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_2)</u> <br>| 27 |
| <u>[Market Timing](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_3)</u> | 28 |
| <u>[Restrictions Initiated By the Funds and Information](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_3)</u><br> <u>[Sharing Obligations](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_3)</u><br>| 28 |
| <u>[Transfers from the Guaranteed Interest Division](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_4)</u> | 29 |
| <u>[Borrowing from the Policy Account](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_4)</u> | 29 |
| <u>[Loan Requests](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_4)</u> | 29 |
| <u>[Policy Loan Interest](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_4)</u> | 29 |
| <u>[When Interest is Due](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_5)</u> | 30 |
| <u>[Repaying the Loan](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_5)</u> | 30 |
| <u>[The Effects of a Policy Loan on the Policy Account](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_5)</u> | 30 |
| <u>[Withdrawing Money from the Policy Account](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_6)</u> | 31 |
| <u>[Surrendering the Policy for Its Net Cash Surrender](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_6)</u><br> <u>[Value](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_6)</u><br>| 31 |
| **<u>[POLICY PAYMENTS](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u>** | 32 |
| <u>[Payment Options](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u> | 32 |
| <u>[Income Payments for a Fixed Period](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u> | 32 |
| <u>[Life Income with Payments Guaranteed for a Fixed](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u><br> <u>[Term of Years](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u><br>| 32 |
| <u>[Proceeds at Interest](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u> | 32 |
| <u>[Fixed Amount](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u> | 32 |
| <u>[The Beneficiary](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_7)</u> | 32 |
| <u>[Assignment of a Policy](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_8)</u> | 33 |
| <u>[Payment of Proceeds](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_8)</u> | 33 |
| <u>[Delay Required under Applicable Law](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_8)</u> | 33 |
| **<u>[ADDITIONAL RIGHTS THAT WE HAVE](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_8)</u>** | 33 |
| **<u>[VARIATIONS IN POLICY OR INVESTMENT DIVISION](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u>**<br> **<u>[TERMS AND CONDITIONS](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u>**<br>| 34 |
| <u>[Policies purchased through](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u><u>["internal rollovers"](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u> | 34 |
| <u>[State law requirements](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u> | 34 |
| <u>[Expenses or risks](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u> | 34 |
| <u>[Underlying Investments](#xx_f0f033f6-879c-4620-b140-d1a5a5e007a3_9)</u> | 34 |
| **<u>[CHARGES UNDER THE POLICY](#xx_f581e87a-021c-40d0-aec9-099fb425c582_1)</u>** | 35 |
| <u>[Transaction Fees](#xx_f581e87a-021c-40d0-aec9-099fb425c582_1)</u> | 35 |
| <u>[Premium Expense Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_1)</u> | 35 |
| <u>[Statutory Premium Taxes](#xx_f581e87a-021c-40d0-aec9-099fb425c582_1)</u> | 35 |
| <u>[Surrender Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_1)</u> | 35 |

---

------

---

| | |
|:---|:---|
|  | **Page** |
| <u>[Surrender Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_2)</u> | 36 |
| <u>[Partial Surrender Processing Fee](#xx_f581e87a-021c-40d0-aec9-099fb425c582_2)</u> | 36 |
| <u>[Face Amount Increase Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Transfers](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Policy Owner Additional Illustration Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Accelerated Benefit Settlement Option](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Periodic Charges](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Administrative Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Cost of Insurance Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Mortality and Expense Risk Charge](#xx_f581e87a-021c-40d0-aec9-099fb425c582_3)</u> | 37 |
| <u>[Loan Interest](#xx_f581e87a-021c-40d0-aec9-099fb425c582_4)</u> | 38 |
| <u>[Optional Rider Charges](#xx_f581e87a-021c-40d0-aec9-099fb425c582_4)</u> | 38 |
| <u>[Fund Charges](#xx_f581e87a-021c-40d0-aec9-099fb425c582_4)</u> | 38 |
| <u>[Allocation of Policy Account Charges](#xx_f581e87a-021c-40d0-aec9-099fb425c582_4)</u> | 38 |
| **<u>[DISTRIBUTION OF THE POLICIES](#xx_f581e87a-021c-40d0-aec9-099fb425c582_4)</u>** | 38 |
| **<u>[POLICY ACCOUNT VALUE](#xx_f581e87a-021c-40d0-aec9-099fb425c582_5)</u>** | 39 |
| <u>[Amounts in the Variable Investment Divisions](#xx_f581e87a-021c-40d0-aec9-099fb425c582_5)</u> | 39 |
| <u>[Business Day and Close of Business](#xx_f581e87a-021c-40d0-aec9-099fb425c582_5)</u> | 39 |
| <u>[Determination of the Unit Value](#xx_f581e87a-021c-40d0-aec9-099fb425c582_6)</u> | 40 |
| **<u>[POLICY LAPSE AND REINSTATEMENT](#xx_f581e87a-021c-40d0-aec9-099fb425c582_6)</u>** | 40 |
| <u>[Lapse of the Policy](#xx_f581e87a-021c-40d0-aec9-099fb425c582_6)</u> | 40 |
| <u>[Reinstatement of the Policy](#xx_f581e87a-021c-40d0-aec9-099fb425c582_6)</u> | 40 |
| **<u>[FEDERAL TAX CONSIDERATIONS](#xx_f581e87a-021c-40d0-aec9-099fb425c582_7)</u>** | 41 |
| <u>[Tax Effects](#xx_f581e87a-021c-40d0-aec9-099fb425c582_7)</u> | 41 |
| <u>[General](#xx_f581e87a-021c-40d0-aec9-099fb425c582_7)</u> | 41 |
| <u>[Testing for modified endowment contract status](#xx_f581e87a-021c-40d0-aec9-099fb425c582_7)</u> | 41 |

---

---

| | |
|:---|:---|
|  | **Page** |
| <u>[Policy changes and extending coverage](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u> | 42 |
| <u>[Rider benefits](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u> | 42 |
| <u>[Tax treatment of minimum withdrawal benefit rider](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u><br> <u>[payments](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u> <br>| 42 |
| <u>[Taxation of pre-death distributions if your Policy is](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u><br> <u>[not a modified endowment contract](#xx_f581e87a-021c-40d0-aec9-099fb425c582_8)</u><br>| 42 |
| <u>[Taxation of pre-death distributions if your Policy is a](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u><br> <u>[modified endowment contract](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u><br>| 43 |
| <u>[Policy lapses and reinstatements](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u> | 43 |
| <u>[Tax reporting upon a reportable policy sale or receipt](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u><br> <u>[of any notice of a transfer of a life insurance policy](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u><br> <u>[to a foreign person](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u><br>| 43 |
| <u>[Diversification and investor control](#xx_f581e87a-021c-40d0-aec9-099fb425c582_9)</u> | 43 |
| <u>[Estate and generation skipping taxes](#xx_f581e87a-021c-40d0-aec9-099fb425c582_10)</u> | 44 |
| <u>[Life insurance in split dollar arrangements](#xx_f581e87a-021c-40d0-aec9-099fb425c582_10)</u> | 44 |
| <u>[Pension and profit-sharing plans](#xx_f581e87a-021c-40d0-aec9-099fb425c582_10)</u> | 44 |
| <u>[Other employee benefit programs](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| <u>[ERISA](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| <u>[When we withhold income taxes](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| <u>[Other tax withholding](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| <u>[Tax changes](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| <u>[Our taxes](#xx_f581e87a-021c-40d0-aec9-099fb425c582_11)</u> | 45 |
| **<u>[LEGAL PROCEEDINGS](#xx_f581e87a-021c-40d0-aec9-099fb425c582_12)</u>** | 46 |
| **<u>[FINANCIAL STATEMENTS](#xx_f581e87a-021c-40d0-aec9-099fb425c582_12)</u>** | 46 |
| **<u>[APPENDIX A – FUNDS AVAILABLE UNDER THE POLICY](#xx_9c62326b-b758-4004-b3c5-b8f97edd526a_1)</u>** | 47 |

---

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**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location in** <br>**Prospectus**<br>|
| **Charges for Early** <br> **Withdrawals**<br>| &nbsp;&nbsp; If you fully surrender your Policy or decrease your Policy's Face Amount, or <br> if your Policy lapses, within 10 Policy years after you purchase the Policy, <br> you will be assessed a surrender charge of up to 50% of one Target <br> Premium, declining to 0% over that time period. For example, assuming your <br> Policy has a Target Premium of $100,000 and you make an early withdrawal, <br> you could pay a surrender charge of up to $50,000. You should view your <br> Policy's specifications page for the Target Premium applicable to your Policy. | &nbsp;&nbsp; If you fully surrender your Policy or decrease your Policy's Face Amount, or <br> if your Policy lapses, within 10 Policy years after you purchase the Policy, <br> you will be assessed a surrender charge of up to 50% of one Target <br> Premium, declining to 0% over that time period. For example, assuming your <br> Policy has a Target Premium of $100,000 and you make an early withdrawal, <br> you could pay a surrender charge of up to $50,000. You should view your <br> Policy's specifications page for the Target Premium applicable to your Policy. | &nbsp;&nbsp; If you fully surrender your Policy or decrease your Policy's Face Amount, or <br> if your Policy lapses, within 10 Policy years after you purchase the Policy, <br> you will be assessed a surrender charge of up to 50% of one Target <br> Premium, declining to 0% over that time period. For example, assuming your <br> Policy has a Target Premium of $100,000 and you make an early withdrawal, <br> you could pay a surrender charge of up to $50,000. You should view your <br> Policy's specifications page for the Target Premium applicable to your Policy. | &nbsp;&nbsp; **Fee Table**<br>**Charges Under**<br> **the Policy –**<br> **Surrender**<br> **Charge**<br>|
| **Transaction Charges** | &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. You may be subject to charges upon making premium <br> payments, taking partial surrenders, increasing the face amount, transferring <br> money between investment options, requesting Policy illustrations, and <br> exercising the optional accelerated benefit settlement option rider. There may <br> also be taxes on premium payments. | &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. You may be subject to charges upon making premium <br> payments, taking partial surrenders, increasing the face amount, transferring <br> money between investment options, requesting Policy illustrations, and <br> exercising the optional accelerated benefit settlement option rider. There may <br> also be taxes on premium payments. | &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. You may be subject to charges upon making premium <br> payments, taking partial surrenders, increasing the face amount, transferring <br> money between investment options, requesting Policy illustrations, and <br> exercising the optional accelerated benefit settlement option rider. There may <br> also be taxes on premium payments. | &nbsp;&nbsp; **Fee Table**<br>**Charges Under**<br> **the Policy**<br>|
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment in <br> the Policy is subject to certain ongoing fees and expenses, including fees and <br> expenses covering the cost of insurance under the Policy, the cost of optional <br> benefits available under the Policy, and loan interest on outstanding Policy <br> loans. Certain such fees and expenses are set based on characteristics of the <br> insured (e.g., age, sex, and rating classification). You should view your <br> Policy's specifications page for rates applicable to your Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment in <br> the Policy is subject to certain ongoing fees and expenses, including fees and <br> expenses covering the cost of insurance under the Policy, the cost of optional <br> benefits available under the Policy, and loan interest on outstanding Policy <br> loans. Certain such fees and expenses are set based on characteristics of the <br> insured (e.g., age, sex, and rating classification). You should view your <br> Policy's specifications page for rates applicable to your Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment in <br> the Policy is subject to certain ongoing fees and expenses, including fees and <br> expenses covering the cost of insurance under the Policy, the cost of optional <br> benefits available under the Policy, and loan interest on outstanding Policy <br> loans. Certain such fees and expenses are set based on characteristics of the <br> insured (e.g., age, sex, and rating classification). You should view your <br> Policy's specifications page for rates applicable to your Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: |  |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | **Annual Fee** | **Minimum** | **Maximum** |  |
| **Ongoing Fees and** <br> **Expenses (annual** <br> **charges)** | Investment options | 0.09 | 0.83 |  |
|  | **RISKS** | **RISKS** | **RISKS** |  |
| **Risk of Loss** | &nbsp;&nbsp; You can gain or lose money by investing in this Policy, including possible <br> loss of your principal investment. | &nbsp;&nbsp; You can gain or lose money by investing in this Policy, including possible <br> loss of your principal investment. | &nbsp;&nbsp; You can gain or lose money by investing in this Policy, including possible <br> loss of your principal investment. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the Policy**<br>|
| **Not a Short-Term** <br> **Investment**<br>| &nbsp;&nbsp;&nbsp; •This Policy is not designed for short-term investing and may not be <br> appropriate for an investor who needs ready access to cash.<br>•If you fully surrender the Policy, you may be subject to significant <br> surrender charges. Full and partial surrenders may be subject to income <br> taxes.<br>• A full surrender terminates the Policy, including all Policy benefits.<br> • Partial surrenders may reduce your death benefit. Partial surrenders are <br> not available until after the first Policy year, must be at least $500, must <br> not cause the death benefit or Face Amount to fall below the minimum for <br> which we would issue the Policy, and must not cause the Policy to fail to <br> qualify as life insurance under applicable tax law. | &nbsp;&nbsp;&nbsp; •This Policy is not designed for short-term investing and may not be <br> appropriate for an investor who needs ready access to cash.<br>•If you fully surrender the Policy, you may be subject to significant <br> surrender charges. Full and partial surrenders may be subject to income <br> taxes.<br>• A full surrender terminates the Policy, including all Policy benefits.<br> • Partial surrenders may reduce your death benefit. Partial surrenders are <br> not available until after the first Policy year, must be at least $500, must <br> not cause the death benefit or Face Amount to fall below the minimum for <br> which we would issue the Policy, and must not cause the Policy to fail to <br> qualify as life insurance under applicable tax law. | &nbsp;&nbsp;&nbsp; •This Policy is not designed for short-term investing and may not be <br> appropriate for an investor who needs ready access to cash.<br>•If you fully surrender the Policy, you may be subject to significant <br> surrender charges. Full and partial surrenders may be subject to income <br> taxes.<br>• A full surrender terminates the Policy, including all Policy benefits.<br> • Partial surrenders may reduce your death benefit. Partial surrenders are <br> not available until after the first Policy year, must be at least $500, must <br> not cause the death benefit or Face Amount to fall below the minimum for <br> which we would issue the Policy, and must not cause the Policy to fail to <br> qualify as life insurance under applicable tax law. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the Policy**<br>**Policy Account**<br> **Transactions**<br>|
| **Risks Associated with** <br> **Investment Options**<br>| &nbsp;&nbsp;&nbsp; • An investment in this Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy.<br>• Each investment option (including the Guaranteed Interest Division) has its <br> own unique risks.<br>• You should review the investment options before making an investment <br> decision. | &nbsp;&nbsp;&nbsp; • An investment in this Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy.<br>• Each investment option (including the Guaranteed Interest Division) has its <br> own unique risks.<br>• You should review the investment options before making an investment <br> decision. | &nbsp;&nbsp;&nbsp; • An investment in this Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy.<br>• Each investment option (including the Guaranteed Interest Division) has its <br> own unique risks.<br>• You should review the investment options before making an investment <br> decision. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the Policy**<br>|

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| | | |
|:---|:---|:---|
|  | **RISKS** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Insurance Company** <br> **Risks**<br>| &nbsp;&nbsp; An investment in the Policy is subject to the risks related to us, American <br> General Life Insurance Company ("AGL"). Any obligations (including under <br> the Guaranteed Interest Division), guarantees, or benefits of the Policy are <br> subject to our claims-paying ability. More information about us is available <br> upon request by calling our Administrative Center at 1-800-340-2765 or by <br> visiting <u>www.corebridgefinancial.com/AGVUL</u>. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the Policy**<br>**General Information -**<br> **American General**<br> **Life Insurance**<br> **Company**<br>|
| **Contract Lapse** | &nbsp;&nbsp; Insufficient premium payments, fees and expenses, poor investment <br> performance, partial surrenders, and unpaid loans or loan interest may cause <br> the Policy to lapse. Your policy may also be considered a tax reportable <br> event. There is a cost associated with reinstating a lapsed Policy. Death <br> benefits will not be paid if the Policy has lapsed. | &nbsp;&nbsp; **Principal Risks of** <br> **Investing in the Policy**<br>**Policy Lapse and**<br> **Reinstatement**<br>|
|  | **RESTRICTIONS** |  |
| **Investments** | &nbsp;&nbsp;&nbsp; • Certain investment options may not be available under your Policy.<br> • We reserve the right to charge for each transfer between variable <br> investment divisions after the 4<sup>th</sup> transfer in a Policy year. Currently, the <br> first 12 transfers in a Policy year are free of charge.<br>• Your transfers between the variable investment divisions are subject to <br> policies designed to deter market timing.<br>• You may transfer amounts from the Guaranteed Interest Division only <br> within 30 days after a Policy anniversary, and the transferrable amount is <br> limited to the greater of 25% of the unloaned value in the Guaranteed <br> Interest Division or the minimum transfer amount shown in the Policy.<br>• The minimum transfer amount from an investment option is generally <br> $500. If less than $500 would remain in an investment option after a <br> transfer, the entire amount must be transferred.<br>• We reserve the right to remove or substitute Funds as investment options. | &nbsp;&nbsp; **Policy Account**<br> **Transactions**<br>**Additional Rights**<br> **We Have**<br>**Appendix A -**<br> **Available**<br> **Under the Policy**<br>|
| **Optional Benefits** | &nbsp;&nbsp;&nbsp; • Additional restrictions and limitations apply under the Policy's optional <br> benefits. | &nbsp;&nbsp; **Other Benefits**<br> **Available Under**<br> **the Policy –**<br> **Optional**<br> **Benefits**<br>**Additional**<br> **Information**<br> **About Policy**<br> **Riders**<br>|
|  | **TAXES** |  |
| **Tax Implications** | &nbsp;&nbsp;&nbsp; • You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the Policy.<br>• If you purchased the Policy through a tax-qualified plan, there is no <br> additional tax benefit under the Policy.<br>• Earnings under your Policy are taxed at ordinary income tax rates when <br> withdrawn. If your Policy is a modified endowment contract, you may have <br> to pay a tax penalty if you take a withdrawal before age 59½.<br>• The tax treatment of withdrawals and loans under the Policy may differ. | &nbsp;&nbsp; **Federal Tax** <br> **Considerations**<br>|

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| | | |
|:---|:---|:---|
|  | **CONFLICTS OF INTEREST** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Investment** <br> **Professional** <br> **Compensation**<br>| &nbsp;&nbsp; Your financial representative may receive compensation for selling this Policy <br> to you in the form of commissions, additional cash compensation, and/or <br> non-cash compensation. We may share the revenue we earn on this Policy <br> with your financial representative's firm. Revenue sharing arrangements and <br> commissions may provide selling firms and/or their registered <br> representatives with an incentive to favor sales of our policies over other <br> variable life insurance policies (or other investments) with respect to which a <br> selling firm does not receive the same level of additional compensation. | &nbsp;&nbsp; **Distribution of the** <br> **Policies**<br>|
| **Exchanges** | &nbsp;&nbsp; Some financial representatives may have a financial incentive to offer you a <br> new policy in place of the one you already own. You should exchange a <br> policy you already own only if you determine, after comparing the features, <br> fees, and risks of both policies, that it is better for you to purchase the new <br> contract rather than continue to own your existing policy. |  |

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**OVERVIEW OF THE POLICY**

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**Purpose**

The Policy is a variable universal life insurance policy. It provides for a death benefit to help financially protect your chosen beneficiary. This Policy may be appropriate for you if you have a long investment time horizon and the Policy's terms and conditions are consistent with your financial goals. It is not intended for people whose liquidity needs require early or frequent withdrawals or for people who intend to frequently trade in the Policy's variable investment options.

We pay death benefit proceeds to the chosen beneficiary when the Insured Person under the Policy dies. You tell us the minimum amount of life insurance coverage you want. We call this the "Face Amount." Death benefit proceeds will be decreased by any outstanding Policy loans and loan interest and overdue charges. We will increase the death benefit by the amount of any additional insurance provided by the applicable optional benefit rider(s). The Policy also includes a minimum death benefit.

**Premiums**

After you pay the initial premium, you can generally pay premiums at any time and in any amount (i.e. flexible premiums). Your ability to make premium payments may be restricted by federal tax law. We reserve the right to reject any premium payment.

Payment of insufficient premiums may result in a lapse of your Policy. You may need to pay extra premiums to prevent a lapse, even if you make planned or automatic premium payments. Your Policy will remain in force so long as it has enough value to pay the charges due under the Policy.

You may allocate your premiums and Policy Account value among the Policy's available investment options. The investment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Variable investment division.** When you invest in a variable investment division, you are indirectly investing in the variable investment division's underlying Fund. The Funds have different investment objectives, strategies, and risks. You can gain or lose money if you invest in a variable investment division.

**Additional information about each Fund is provided in an appendix to this prospectus. Please refer to <u>APPENDIX A</u> – FUNDS AVAILABLE UNDER THE POLICY.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Guaranteed Interest Division.** When you invest in the Guaranteed Interest Division, your principal is guaranteed and earns interest based on a rate set and guaranteed by AGL. The minimum annual effective interest rate is 4½%. We may declare higher rates of interest, but are not obligated to do so.

Your Policy Account value is the sum of your amounts in the variable investment divisions and the Guaranteed Interest Division. Your Policy Account value will vary from day to day, depending on the investment performance of the variable investment divisions you choose, interest we credit to your Guaranteed Interest Division investments, charges we deduct, and other transactions under the Policy (e.g., partial surrenders and loans).

**Policy Features**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Flexibility.** The Policy is designed to be flexible. While the Insured Person is living, you, as the owner of the Policy, may exercise all of the rights and options described in the Policy. You may, within limits, (1) change the amount of insurance and the death benefit option, (2) borrow against or withdraw amounts you have invested, (3) choose when and how much you invest, and (4) add or delete certain other optional benefits that we make available by rider to your Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Death Benefit Options.** You may choose between two death benefit options under the Policy. After the first Policy year, you may change death benefit options and the Face Amount while the Policy is in force.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ ***Death Benefit Option A*** is equal to the greater of (1) the Face Amount or (2) the required minimum death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ ***Death Benefit Option B*** is equal to the greater of (1) the Face Amount plus the Policy Account value or (2) the required minimum death benefit.

Under both Options A and B, the required minimum death benefit is a percentage multiple of the Policy Account value. The percentage multiplier is dependent on the Insured Person's age and declines as the Insured Person ages. Depending on the age of the Insured Person, the percentage multiplier may be as high as 250% and as low as 104%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Accessing Your Money.** At any time while the Policy is in force, you may fully surrender your Policy in return for its net cash surrender value. The net cash surrender value is the cash surrender value less any outstanding loan and loan interest due. A

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full surrender will terminate your Policy and may be subject to surrender charges. At any time after the first Policy year and before the Policy's maturity date, you may partially surrender your Policy's net cash surrender value. A partial surrender will reduce your Policy Account value, may reduce the death benefit, will increase your risk of lapse, and will be subject to a processing fee. A partial surrender must be at least $500, must not cause the death benefit or Face Amount to fall below the minimum for which we could issue the Policy, and must not cause the Policy to fail to qualify as life insurance under applicable tax law. Full and partial surrenders may have adverse tax consequences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Loans.** You may take a loan from your Policy at any time. The maximum loan amount you may take is 90% of the cash surrender value of the Policy. The minimum loan amount you may take is $500. When you take a loan, we remove from your investment options an amount equal to your loan and hold that part of your Policy Account value in the Guaranteed Interest Division as loan collateral. We charge interest on outstanding loans and unpaid interest. The maximum annual effective rate is the greater of 5½% or the Monthly Average Corporate yield published by Moody's Investor Services, Inc. We also credit interest on amounts held in the Guaranteed Interest Division as loan collateral. We guarantee that the annual earned interest rate will not be lower than 4½%. After the 10th Policy year, you may take a Preferred Loan from your Policy, subject to limitations. We may charge a lower interest rate on a Preferred Loan compared to other loans. Taking a loan may have tax consequences, may reduce the death benefit, and will increase your risk of lapse.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Tax Treatment.** The Policy is designed to afford the tax treatment normally accorded life insurance policies under federal tax law. Generally, under federal tax law, the death benefit under a qualifying life insurance policy is excludable from the gross income of the beneficiary. In addition, this means that under a qualifying life insurance policy, cash value builds up on a tax deferred basis and transfers of cash value among the available investment options under the policy may be made tax free. The tax treatment of Policy loans and distributions may vary depending on whether the Policy is a modified endowment contract. See "Federal Tax Considerations" for further information. You should consult a tax advisor regarding all tax considerations relating to your Policy, including the Internal Revenue Code's limits on premiums that may be paid on life insurance policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Supplemental Benefits Riders.** The Policy offers additional benefits, or "riders," that provide you with supplemental benefits under the Policy for an additional charge. Certain riders are no longer available or may not have been available in certain states.

The Policy's supplemental benefit riders include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Riders that increase the amount payable upon the Insured Person's death or make an amount payable upon the death of a family member or another person (i.e., accidental death benefit rider, children's term insurance rider, term insurance on an additional insured person rider).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ Riders that pay a benefit, or that help keep the Policy in force, if the Insured Person becomes terminally ill or disabled (i.e., accelerated benefit settlement option rider, disability waiver benefit rider).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Additional Features and Services.** Additional features and services under the Policy are summarized below. There are no additional charges associated with these features and services. Not all features and services may be available under your Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ **American Home Guarantee.** Insurance obligations under all Policies with a date of issue prior to December 29, 2006 at 4:00 p.m. Eastern time are also guaranteed by American Home Assurance Company, an affiliate of AGL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ **Planned Periodic Premiums.** You can select a planned periodic premium plan to pay premiums on a monthly, quarterly, semi-annual, or annual basis. You are not required to pay premiums according to a selected plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;○ **Automatic Premium Payments.** You may choose to have premiums automatically deducted from your bank account or other source under our automatic payment plan.

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**FEE TABLE**

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**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Policy. Please refer to your Policy specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you will pay at the time that you buy the Policy, surrender or make withdrawals from the Policy, or transfer cash value between investment options.** 

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| | | |
|:---|:---|:---|
| **Transaction Fees** | **Transaction Fees** | **Transaction Fees** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Maximum Premium Expense** <br> **Charge**<sup>1</sup> <br>| &nbsp;&nbsp; Upon receipt of each premium <br> payment<br>| &nbsp;&nbsp; 5% of each premium payment up to a Target Premium for a <br> Policy year<br>|
| **Premium Taxes**<sup>2</sup> <br>| &nbsp;&nbsp; Upon receipt of each premium <br> payment<br>| 3.5% of each premium payment |
| **Maximum Surrender Charge**<sup>3</sup> <br>| &nbsp;&nbsp; Upon a full surrender or lapse <br> in the first 10 Policy years <br> Also, in the event of a decrease <br> in Face Amount before the end <br> of the 10th Policy year, we <br> deduct a charge that is a <br> portion of the surrender charge<br>| 50% of one Target Premium |
| **Partial Surrender Processing** <br> **Fee**<br>| Upon a partial surrender | &nbsp;&nbsp; The lesser of $25 or 2.0% of the partial surrender amount <br> (Current charge: The lesser of $10 or 2.0% of the partial <br> surrender amount)<br>|
| **Transfer Fee**<sup>4</sup> <br>| &nbsp;&nbsp; Upon a transfer of Policy <br> Account value between variable <br> investment divisions after the <br> first 4 transfers in a Policy year<br>| &nbsp;&nbsp; $25 for each transfer (Current charge: $25 for each transfer <br> after the first 12 transfers between variable investment <br> divisions in a Policy year)<br>|
| **Face Amount Increase Charge** | &nbsp;&nbsp; Upon each Face Amount <br> increase<br>| $1.50 for each $1,000 of Face Amount increase, up to $300 |
| **Personalized Illustration** <br> **Charge**<br>| &nbsp;&nbsp; Upon each request after the <br> first in a Policy year<br>| $25 (Current charge: $0) |
| **Accelerated Benefit** <br> **Settlement Option**<br>| &nbsp;&nbsp; At the time the accelerated <br> death benefit is paid<br>| $200 |

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<sup>1</sup>

The Target Premium is a hypothetical annual premium which is based on the age, sex and risk class of the Insured Person, the initial Face Amount of the Policy and the types and amounts of any additional benefits included in the Policy. The Target Premium for your Policy is shown on the Policy Information page of the Policy.

<sup>2</sup>

Statutory premium tax rates vary by state and currently range from 0.5% to 3.5%. Certain local jurisdictions may assess additional premium taxes, which will increase the tax rate.

<sup>3</sup>

During Policy years 1-10, the maximum surrender charge is 50% of one Target Premium, with the maximum surrender charge decreasing 20% annually following the 6th Policy year. After the end of the 10th Policy year, there is no surrender charge. Currently, the surrender charge is calculated as follows (subject to the maximum surrender charge): (i) 25% of premiums paid during the first Policy year up to one Target Premium, plus (ii) 9.0% of additional premiums paid in Policy years 1-10, less any surrender charge previously deducted for a decrease in Face Amount.

<sup>4</sup>

Transfers to or from the Guaranteed Interest Division do not count toward the annual number of free transfers.

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**The next table describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including Fund fees and expenses.** 

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| | | |
|:---|:---|:---|
| **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** |
| **Charge** | &nbsp;&nbsp; **When Charge is** <br> **Deducted**<br>| **Amount Deducted** |
| Base Policy Charges | Base Policy Charges | Base Policy Charges |
| **Cost of Insurance**<sup>1,2</sup> <br>| Monthly |  |
| *Minimum Charge* | Monthly | &nbsp;&nbsp; $0.056 per $1,000 of net amount at risk (Current: <br> $0.052 per $1,000 of net amount at risk)<br>|
| *Maximum Charge* | Monthly | $27.50 per $1,000 of net amount at risk |
| *Charge for a Representative Insured – 38 year old* <br> *male, non-tobacco user with a Face Amount of* <br> *$200,000 for the first Policy year*<br>| Monthly | &nbsp;&nbsp; $0.22 per $1,000 of net amount at risk (Current: <br> $0.11 per $1,000 of net amount at risk)<br>|
| **Administrative Charge** | Monthly | &nbsp;&nbsp; $30 during the first 12 Policy months $12 after <br> the first 12 Policy months (Currently: $9 after the <br> first 12 Policy months)<br>|
| **Mortality and Expense Risk Fees** | Daily | &nbsp;&nbsp; 0.75% as an annualized percentage of Policy <br> Account value invested in the variable investment <br> divisions<br>|
| **Maximum Loan Interest**<sup>3</sup> <br>| Annually | &nbsp;&nbsp; Greater of 5½% or the Monthly Average <br> Corporate yield published by Moody's Investor <br> Services, Inc., as an annualized percentage of the <br> outstanding loan amount and unpaid loan interest<br>|
| **Optional Benefit Charges** | **Optional Benefit Charges** | **Optional Benefit Charges** |
| **Disability Waiver Benefit**<sup>4</sup> <br>| Monthly |  |
| *Minimum Charge* | Monthly | &nbsp;&nbsp; 7% of total monthly deduction (Current: 2% of <br> total monthly deduction)<br>|
| *Maximum Charge* | Monthly | &nbsp;&nbsp; 44% of total monthly deduction (Current: 22% of <br> total monthly deduction)<br>|
| *Charge for a Representative Insured – 38 year old* <br> *male, any risk class, with a Face Amount of* <br> *$200,000 for the first Policy year*<br>| Monthly | &nbsp;&nbsp; 12% of total monthly deduction (Current: 6.6% of <br> total monthly deduction)<br>|
| **Accidental Death Benefit Rider**<sup>4</sup> <br>| Monthly |  |
| *Minimum Charge* | Monthly | $0.84 per $1,000 of rider coverage amount |
| *Maximum Charge* | Monthly | $1.80 per $1,000 of rider coverage amount |
| *Charge for a Representative Insured – 38 year old* <br> *non-tobacco user, with a Face Amount of* <br> *$200,000 for the first Policy year*<br>| Monthly | $0.84 per $1,000 of rider coverage amount |
| **Children's Term Insurance Rider** | Monthly | $0.50 per $1,000 of rider coverage amount |
| **Term Insurance on Additional Insured Person**<sup>4</sup> <br>| Monthly |  |
| *Minimum Charge* | Monthly | $0.68 per $1,000 of rider coverage amount |
| *Maximum Charge* | Monthly | &nbsp;&nbsp; $83.33 per $1,000 of rider coverage amount <br> (Current: $26.11 per $1,000 of rider coverage <br> amount)<br>|
| *Charge for a Representative Insured – 38 year old* <br> *male, non-tobacco user with a Face Amount of* <br> *$200,000 for the first Policy year*<br>| Monthly | &nbsp;&nbsp; $2.58 per $1,000 of rider coverage amount <br> (Current: $1.62 per $1,000 of rider coverage <br> amount)<br>|

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<sup>1</sup>

The Cost of Insurance Charge varies based on individual characteristics (sex, age, and premium class), Policy year, and Face Amount. The charge for the representative insured as shown in the table may not be representative of the charge you will pay. Your Policy will indicate the guaranteed Cost of Insurance

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Charge applicable to your Policy. More detailed information concerning your Cost of Insurance Charge is available on request from our Administrative Center shown under "Contact Information" or from your AGL representative. Also see "Illustrations."

<sup>2</sup>

The net amount at risk is the difference between the current death benefit under your Policy and the amount in your Policy Account.

<sup>3</sup>

We credit interest on amounts held in the Guaranteed Interest Division as collateral for a Policy loan. We guarantee that the annual earned interest rate will not be lower than 4½%. The net annual interest rate charged on a Policy loan (or loan interest spread) will be the difference between the annual interest rate charged on the loan and the annual interest rate credited to amounts held as collateral for the loan.

<sup>4</sup>

The charge varies based on individual characteristics (sex, age, and/or premium class), Policy year, and/or Face Amount. The charge for the representative insured as shown in the table may not be representative of the charge you will pay. Your Policy will indicate the charge applicable to your Policy. More detailed information concerning your charge is available on request from our Administrative Center shown under "Contact Information" or from your AGL representative.

**The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Policy. A complete list of Funds available under the Policy, including their annual expenses, may be found at the back of this document. Please see <u>APPENDIX A</u> – FUNDS AVAILABLE UNDER THE POLICY** 

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| | | |
|:---|:---|:---|
| **Annual Fund Expenses** | **Minimum** | **Maximum** |
| Expenses that are deducted from Fund assets, including management fees, distribution and/or service <br> (12b-1) fees, and other expenses.<br>| 0.09% | 0.83% |

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**PRINCIPAL RISKS OF INVESTING IN THE POLICY**

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**Risk of Loss.** Variable life insurance policies involve risks, including possible loss of principal. We do not guarantee a minimum Policy Account value. Your losses could be significant. The Policy is not a deposit or obligation of, or guaranteed or endorsed by, any bank. The Policy is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** The Policy is not designed to be a short-term investment and may not be appropriate for an investor who needs ready access to cash. We designed the Policy to meet long-term financial goals. In the Policy's early years, if the total charges exceed total premiums paid or if your investment choices perform poorly, your Policy may not have any cash surrender value.

**Surrender Risk.** You should carefully consider the risks associated with full and partial surrenders under the Policy. A full surrender may be subject to significant surrender changes and will terminate the Policy. A partial surrender will reduce the Policy's death benefit if you selected death benefit Option 2. All partial surrenders increase the risk of lapse. Partial surrenders are not available during the first Policy year. Any outstanding loan amount reduces the amount available to you upon a full or partial surrender. It is possible that you will receive no cash surrender value if you surrender your Policy, especially in the early Policy years when total charges and surrender charges are typically at their highest.

**Variable Investment Division Risk.** Amounts that you invest in the variable investment divisions are subject to the risk of poor investment performance. You assume the investment risk. You can gain or lose money if you invest in the variable investment divisions. Each variable investment division's performance depends on the performance of its underlying Fund. Each Fund has its own investment risks, and you are exposed to the underlying Fund's investment risks when you invest in a variable investment division. You are responsible for allocating premiums or Policy Account value to the variable investment divisions that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. You bear the risk of any decline in Policy Account value resulting from the performance of the variable investment divisions you have selected. In making your investment selections, you should investigate all information available to you, including the Fund's prospectus, statement of additional information, and annual and semi-annual reports. We do not provide investment advice, nor do we recommend or endorse any particular Fund.

**Risk of Lapse.** If your net cash surrender value is not enough to pay the charges deducted against Policy Account value each month, your Policy may enter a 61-day grace period. We will notify you that the Policy will lapse (terminate without value) at the end of the grace period unless you make a sufficient payment during the grace period. Your Policy may also lapse if outstanding Policy loans plus any accrued interest payable exceeds the net cash surrender value. Your Policy will not lapse at the end of a grace period if you make a premium payment equal to at least the estimated monthly charges under the Policy for three Policy months, plus any loan interest due, before the end of the grace period. You may reinstate a lapsed Policy, subject to certain conditions.

**Loan Risk.** A Policy loan, whether or not repaid, will affect Policy Account value and will increase your risk of lapse. We will hold a portion of your Policy Account value equal to the outstanding loan amount as collateral until the loan is repaid. This loan collateral does not participate in the investment performance of the variable investment divisions or receive any excess interest credited to the

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Guaranteed Interest Division. We reduce the amount we pay on the Insured Person's death by the amount of any Policy loan, and your Policy may lapse (terminate without value) if outstanding Policy loans plus any accrued interest payable reduce the cash surrender value to zero. If you surrender the Policy or allow it to lapse while a Policy loan remains outstanding, the amount of the loan, to the extent it has not been previously taxed, is treated as a distribution from the Policy and may be subject to federal income tax.

**Selection Risk.** The benefits under the Policy were designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose, or may not have chosen, the benefit or benefits (if any) that are best suited for you based on your present or future needs and circumstances, and the benefits that are more suited for you (if any) may no longer be available. In addition, if you elected an optional benefit and do not use it, or if the contingencies upon which the benefit depend never occur, you may have paid for a benefit that you did not use or benefit from.

**Risk of Increase in Current Fees and Expenses.** Certain fees and expenses are currently assessed at less than their guaranteed maximum levels. In the future, these charges may be increased up to the guaranteed (maximum) levels. If fees and expenses are increased, you may need to increase the amount and/or frequency of premium payments to keep the Policy in force.

**Guaranteed Interest Division Risk.** If you allocate premium or Policy Account value to the Guaranteed Interest Division, we credit a declared rate of interest, but you assume the risk that the rate may decrease, although we guarantee that interest will be credited at an annual effective rate of at least 4½%. You may transfer amounts from the Guaranteed Interest Division only within 30 days after a Policy anniversary, and the transferrable amount is limited to the greater of 25% of the unloaned value in the Guaranteed Interest Division or the minimum transfer amount shown in the Policy. We have the right to defer payment or transfers of amounts out of the Guaranteed Interest Division for up to six months when permitted by law.

**Tax Risks.** We anticipate that the Policy should generally qualify as a life insurance contract under federal tax law. However, due to limited guidance under the federal tax law, there is some uncertainty about the application of the federal tax law to the Policy, particularly if you pay the full amount of premiums permitted under the Policy. Depending on the total amount of premiums you pay, the Policy may be treated as a modified endowment contract under federal tax laws. If a Policy is treated as a modified endowment contract, then a full surrender, partial surrender, or loan under the Policy will be taxable as ordinary income to the extent there are earnings in the Policy. In addition, a 10% penalty tax may be imposed on a full surrender, partial surrender, or loan taken before you reach age 59½. See "Federal Tax Considerations." You should consult a tax advisor regarding all tax considerations relating to your Policy, including the Internal Revenue Code's limits on premiums that may be paid on life insurance policies.

**Financial Strength and Claims-Paying Ability Risk.** All insurance benefits, including the death benefit, and all guarantees, including those related to the Guaranteed Interest Division, are general account obligations that are subject to the financial strength and claims paying ability of AGL. Insurance obligations under Policies with a date of issue prior to December 29, 2006 at 4:00 p.m. Eastern time are also guaranteed by American Home Assurance Company ("American Home"), an affiliate of AGL. American Home's guarantees are subject to its financial strength and claims paying ability.

**Business Disruption.** Our business is vulnerable to disruptions from natural and man-made disasters and catastrophes, such as, but not limited to, hurricanes, windstorms, flooding, earthquakes, wildfires, solar storms, war or other military action, acts of terrorism, explosions and fires, pandemics (such as COVID-19) and other highly contagious diseases, mass torts, failure of telecommunications or other critical infrastructure and other catastrophes. A natural or man-made disaster or catastrophe may negatively affect the computer and other systems on which we rely, including service outages or other unavailability, may interfere with our ability to receive, pickup and process mail, to calculate Policy values, process other policy-related transactions, or to otherwise provide our services, or may have other possible negative impacts. While we have developed and put in place what we believe to be appropriate business continuity and disaster recovery plans and procedures to mitigate operational risks and potential losses related to business disruptions resulting from natural and man-made disasters and catastrophes, there can be no assurance that we, our agents, the Funds or our service providers will be able to successfully avoid negative impacts resulting from such disasters and catastrophes.

**Cybersecurity Risk.** We rely heavily on interconnected computer systems and digital data to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our business partners and service providers, our business is vulnerable to physical disruptions and utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions), cyber-attacks, and user errors or other disruptions that may compromise the confidentiality, integrity, or availability of such systems and data. These risks include, among other things, the theft, misuse, corruption, disclosure and destruction of sensitive business data, including personal information, maintained on our or our business partners' or service providers' system, interference with our websites (such as denial of service attacks), other operational disruptions and/or unauthorized release of confidential customer information. Such systems failures, cyber-attacks, or other disruptions affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers, as well as our distribution partners, may adversely affect us and your Policy value. For instance, systems failures and cyber-attacks may interfere with our processing of Policy transactions,

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including the processing of orders from our website, our distribution partners, or with the underlying Funds, impact our ability to calculate Policy values, cause the release and possible destruction of confidential customer or business information, including personal information, impede order processing, or subject us and/or our service providers, distribution partners and other intermediaries to regulatory fines and enforcement action, litigation risks and financial losses and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying Funds invest, which may cause the underlying Funds to lose value. There may be an increased risk of cyber-attacks during periods of geo-political or military conflict. Further, the widespread development, implementation, and use of AI, machine learning, data analytics and similar tools that collect, aggregate and analyze data or inputs (collectively, "AI Tools") may increase our exposure to, or exacerbate the risks of, cyber-attacks or other security incidents, particularly where such technologies are exploited by third parties to attempt to breach our or our business partners' and service providers' systems. Despite our implementation of policies and procedures, which we believe to be reasonable, that address physical, administrative and technical safeguards and controls and other preventative actions to protect sensitive business and customer information, including personal information, and reduce the risk of cyber-incidents, there can be no assurance that we or our distribution partners, the underlying Funds or our business partners and service providers will avoid cyber-attacks or information security breaches in the future that may affect your Policy and/or personal information.

**CONTACT INFORMATION**

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**Here is how you can contact us about the Policies.** 

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| | | | |
|:---|:---|:---|:---|
| **ADMINISTRATIVE CENTER:** | **ADMINISTRATIVE CENTER:** | **HOME OFFICE:** | **PREMIUM PAYMENTS:** |
| **(Express Delivery)**<br> VUL Administration<br> P.O. Box 9318,<br> Amarillo, Texas <br> 79105-9318<br> 1-800-340-2765<br>Fax: 1-844-430-2639<br> **(Except premium** <br> **payments)**<br>| &nbsp;&nbsp; **(U.S. Mail)**<br> VUL Administration<br> P.O. Box 818016<br> Cleveland, Ohio<br> 44181<br>| &nbsp;&nbsp; 2919 Allen Parkway<br> Houston, Texas 77019<br> 1-800-340-2765<br>| &nbsp;&nbsp; **(Express Delivery)**<br> American General Life Insurance<br> Company<br> Deluxe Lockbox 993<br> 5450 N. Cumberland Ave<br> Chicago, IL 60656<br>**(U.S. Mail)**<br> American General Life Insurance<br> Company<br> P.O. Box 993<br> Chicago, IL 60132<br>|

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**GENERAL INFORMATION**

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**American General Life Insurance Company**

American General Life Insurance Company ("AGL" or the "Company") is a stock life insurance company organized under the laws of the State of Texas on April 11, 1960. AGL is an indirect, wholly owned subsidiary of Corebridge Financial, Inc. ("Corebridge"). On March 26, 2026, Corebridge and Equitable Holdings, Inc., announced that they entered into a definitive agreement to combine in an all-stock merger. Under the terms of the merger agreement, both companies will become wholly owned subsidiaries of a newly formed holding company, which will be renamed "Equitable Holdings, Inc." upon the closing of the transaction. The transaction is expected to close by year-end 2026, subject to certain regulatory approvals and other customary closing conditions. Upon completion of the transaction, AGL will be an indirect wholly owned subsidiary of the new Equitable Holdings, Inc. AGL offers individual term and universal life insurance, as well as fixed, variable and registered index-linked annuities in all states except in New York.

AGL is regulated for the benefit of Policy Owners by the insurance regulator in its state of domicile and also by all state insurance departments where it is licensed to conduct business. AGL is required by its regulators to hold a specified amount of reserves in order to meet its contractual obligations to Policy Owners. Insurance regulations also require AGL to maintain additional surplus to protect against a financial impairment; the amount of which surplus is based on the risks inherent in AGL's operations.

All of our financial obligations under your Policy that exceed the value invested in the Separate Account are supported by our general account, which may include death benefits and supplemental benefits under the Policy. Our financial obligations under the Guaranteed Interest Division are also supported by our general account. All obligations supported by our general account are subject to our claims-paying ability and financial strength.

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We encourage Policy owners to read and understand our financial statements. We prepare our financial statements on a statutory basis. Our financial statements, which are presented in conformity with accounting practices prescribed or permitted by the Texas Department of Insurance, as well as the financial statements of Separate Account VL-R and American Home Assurance Company, are located in the Statement of Additional Information (SAI). The <u>back</u> cover page of this prospectus describes how you can obtain a free copy of the SAI.

**Separate Account Consolidation**

Effective after the close of business on November 29, 2019, AGL consolidated Separate Account VUL-2 with Separate Account VL-R, with Separate Account VL-R being the surviving Separate Account after such consolidation (the "Consolidation").

The Consolidation did not affect the terms of, or the rights and obligations under your Policy, other than to reflect the change to the name of the separate account. The number of units and the unit values for the variable investment divisions in which you invest, and the variable investment divisions available under the Policy did not change as a result of the Consolidation. Your Policy values immediately after the Consolidation were the same as the values immediately before the Consolidation. The Consolidation did not result in any adverse tax consequences for any Policy Owners. Until we amend all forms related to the Policies, some forms may still refer to the prior name of the separate account.

The purpose of the Consolidation was to reduce the ongoing administrative costs, independent accountant fees, and inefficiencies associated with maintaining multiple Separate Accounts, each with its own recordkeeping and reporting requirements.

**Separate Account VL-R**

After we deduct certain amounts from each premium, we put the balance, called the "net premium," into the Policy Account established for each Policy. We credit the net premium to the Policy Account as of the date we receive it, or, if later, the Register Date. We credit the net premium to the Policy Account before deducting any charges against the Policy Account due on that date. See "Charges Under the Policy".

We hold the Mutual Fund shares in which any of your Policy Account value is invested in Separate Account VL-R (the "Separate Account"). The Company established Separate Account VL-R under the laws of the State of Texas on May 6, 1997. The Separate Account is registered as a unit investment trust with the SEC under the Investment Company Act of 1940 (the "1940 Act"). The Policies were previously issued through AGL Separate Account VUL-2. Prior to December 31, 2002, AGL Separate Account VUL-2 was a separate account of American Franklin, created on April 9, 1991 under Illinois insurance law. On December 31, 2002, and in conjunction with the merger of AGL and American Franklin, Separate Account VUL-2 became a separate account of AGL under Texas law. Effective on the close of business November 29, 2019, AGL Separate Account VUL-2 was consolidated into Separate Account VL-R.

The Separate Account also issues interests under EquiBuilder II variable universal life insurance policies, which have policy features that are similar to those of EquiBuilder III Policies but which have a different sales charge structure.

Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of AGL's other assets. The assets in the Separate Account are our property. The assets in the Separate Account may not be used to pay any liabilities of AGL other than those arising from the policies supported by the Separate Account. AGL is obligated to pay all amounts under the Policies promised to Policy Owners.

**Guarantee of Insurance Obligations**

Insurance obligations under all Policies with a date of issue prior to December 29, 2006 at 4:00 p.m. Eastern time are guaranteed (the "Guarantee") by American Home Assurance Company ("American Home"), an affiliate of AGL. Insurance obligations include, without limitation, Policy values invested in the Guaranteed Interest Division, death benefits and Policy features that provide return of premium or protection against Policy lapse. The Guarantee does not guarantee Policy value or the investment performance of the variable investment divisions available under the Policies. The Guarantee provides that Policy Owners can enforce the Guarantee directly.

As of December 29, 2006 at 4:00 p.m. Eastern time (the "Point of Termination"), the Guarantee was terminated for prospectively issued Policies. The Guarantee will not cover any Policies with a date of issue later than the Point of Termination. The Guarantee will continue to cover all other Policies until all insurance obligations under such Policies are satisfied in full.

American Home is a stock property-casualty insurance company incorporated under the laws of the State of New York on February 7, 1899. American Home's principal executive office is located at 1271 Avenue of the Americas, FL37, New York, NY 10020-1304.

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American Home is licensed in all 50 states of the United States and the District of Columbia, as well as certain foreign jurisdictions, and engages in a broad range of insurance and reinsurance activities. American Home is an indirect wholly owned subsidiary of American International Group, Inc.

Guarantees for Policies issued prior to the Consolidation will continue after the Consolidation. As a result, the Consolidation of Separate Account VUL-2 into Separate Account VL-R will not impact the insurance obligations under the Guarantee.

**Statement of Additional Information**

We have filed an SAI with the SEC which includes more information about your Policy, including financial statements for AGL, American Home, and the Separate Account. The back cover page of this prospectus describes how you can obtain a free copy of the SAI.

**Communication with AGL**

When we refer to "you," we mean the person who is authorized to take any action with respect to a Policy. Generally, this is the owner named in the Policy. Where a Policy has more than one owner, each owner generally must join in any requested action, except for transfers and changes in the allocation of future premiums or changes among the investment options.

***Administrative Center.*** The Administrative Center provides service to all Policy Owners. See "CONTACT INFORMATION" in this prospectus. For applicants, your AGL representative will tell you if you should use an address other than the Administrative Center address. All premium payments, requests, directions, and other communications should be directed to the appropriate location. You should mail premium payments and loan repayments (or use express delivery, if you wish) directly to the appropriate address shown on your billing statement. If you do not receive a billing statement, send your premium directly to the address for premium payments shown under "Contact Information." You should communicate notice of the insured person's death, including any related documentation, to our Administrative Center address.

***eDelivery, Life Consumer Portal, Telephone Transactions and Written Transactions.*** There are several different ways to request and receive Policy services.

***eDelivery.*** Instead of receiving paper copies by mail of certain documents we are required to provide to you, including annual Policy and Fund prospectuses, you may select E-Mail communication. This communication preference allows you to receive notification by E-mail when new or updated documents are available that pertain to your Policy. You may then follow the link contained within the E-mail to view these documents on-line. You may find electronically received documents easier to review and retain than paper documents. To select E-mail communications as a communication preference, you must enroll in the Life Consumer Portal located at <u>www</u><u>.</u><u>corebridgefinancial.com/lifeportal</u>. Customer support materials and user guides are available at <u>www</u><u>.</u><u>corebridgefinancial.com/support</u>. You may select or deselect eDelivery communication preferences at any time. There is no charge for eDelivery communication preferences.

***Life Consumer Portal.*** You may enroll for Life Consumer Portal to have access to on-line services for your Policy. You can also view Policy statements and Documents, perform specific Policy changes, make online payments, download/upload forms, update communication preferences, and more. To enroll in the Life Consumer Portal, go to <u>www.corebridgefinancial.com/lifeportal</u> and click "Register for a new account." There is no charge for the Life Consumer Portal.

***Life Consumer Portal Transactions, Telephone Transactions and Written Transactions.*** Certain transaction requests are available on-Line using the Life Consumer Portal, and/or by Telephone as listed below. All other transactions must be submitted in writing.

**Life Consumer Portal Transactions:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• address changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• billing changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Premium payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Submission of forms.

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**Telephone Transactions:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• address changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• billing changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• loan payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transfer of accumulation value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change of allocation percentages for premium payments and policy deductions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• select disbursements.

We have special forms which should be used for loans, assignments, partial and full surrenders, changes of owner or beneficiary, and all other contractual changes. You will be asked to return your Policy when you request a full surrender. You may obtain these forms from the Life Consumer Portal, calling our Customer service or from your AGL representative. Each form has required information one must provide. We cannot process any requested action that does not include all required information.

***One-time Premium Payments Using Life Consumer Portal.*** You may use the Life Consumer Portal to schedule one-time premium payments for your Policy. The earliest available business day payment date is auto generated by the Life Consumer Portal. For the purposes of the Life Consumer Portal one-time premium payments only, a business day is a day the United States Federal Reserve System ("Federal Reserve") is open.

Generally, your payment will be applied to your Policy on the scheduled payment date, and it will be allocated to your chosen variable investment divisions based upon the prices set after 4:00 p.m. Eastern time on the scheduled payment date. See "Business Day and Close of Business."

Premium payments may not be scheduled for Federal Reserve holidays, even if the New York Stock Exchange ("NYSE") is open. If the NYSE is closed on your scheduled payment date, your payment will be allocated to your chosen variable investment divisions based upon the prices set after 4:00 p.m. Eastern time on the first day the NYSE is open following your scheduled payment date.

***Telephone Transactions by Servicing Agent.*** As the Policy Owner, you may submit a telephone authorization form for your servicing agent allowing them to complete certain transactions on your behalf. If we have a telephone authorization for your servicing agent on file with us, they may make transfers, or change the allocation of future premium payments or deduction of charges, by telephone, subject to the terms of the form. We will honor telephone instructions from any person who provides the correct information, so there is a risk of possible loss to you if unauthorized persons use this service in your name. Our current procedure is that only the Policy Owner or your authorized servicing agent may make a transfer request by phone. We are not liable for any acts or omissions based upon instructions that we reasonably believe to be genuine. Our procedures include verification of the Policy number, the identity of the caller, both the insured person's and owner's names, and a form of personal identification from the caller. We will promptly mail a written confirmation of the transaction. If (a) many people seek to make telephone requests at or about the same time, or (b) our recording equipment malfunctions, it may be impossible for you to make a telephone request at the time you wish. You should submit a written request if you cannot make a telephone request. Also, if due to malfunction or other circumstances your telephone request is incomplete or not fully comprehensible, we will not process the transaction. The phone number for telephone requests is 1-800-340-2765.

***General.*** It is your responsibility to carefully review all documents you receive from us and immediately notify the Administrative Center of any potential inaccuracies. We will follow up on all inquiries. Depending on the facts and circumstances, we may retroactively adjust your Policy, provided you notify us of your concern within 30 days of receiving the transaction confirmation, statement or other document. Any other adjustments we deem warranted are made as of the time we receive notice of the potential error. If you fail to notify the Administrative Center of any potential mistakes or inaccuracies within 30 days of receiving any document, we will deem you to have ratified the transaction.

**Illustrations**

We may provide you with illustrations for your Policy's death benefit, Policy Account value, and cash surrender value based on hypothetical rates of return. Hypothetical illustrations also assume costs of insurance for a hypothetical person. These illustrations are illustrative only and should not be considered a representation of past or future performance. Your actual rates of return and actual charges may be higher or lower than these illustrations. The actual return for your Policy Account value will depend on factors such as the amounts you allocate to particular investment divisions, the amounts deducted for the Policy's fees and charges, the variable investment divisions' fees and charges, and your Policy loan and partial surrender history.

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Upon your request, we will provide a personalized illustration that takes into account your Policy's actual values and features as of the date the illustration is prepared. We reserve the right to charge a maximum fee of $25 for each personalized illustration prepared if you request us to do so more than once each year. We do not currently charge for additional personalized illustrations.

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**VARIABLE INVESTMENT DIVISIONS**

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We divided the Separate Account into variable investment divisions, each of which invests in shares of a corresponding Fund.

**Information regarding each Fund, including (i) its name, (ii) its type, (iii) its investment advisor and any sub-investment advisor, (iv) current expenses, and (v) performance is available in an appendix to this prospectus. See <u>APPENDIX A</u> – FUNDS AVAILABLE UNDER THE POLICY.** 

**Each Fund has issued a prospectus that contains more detailed information about the Fund. Read these prospectuses carefully before investing. Paper or electronic copies of the Fund prospectuses may be obtained by calling 1-800-340-2765 or visiting our website at** www.corebridgefinancial.com/support**.** 

**You may also obtain information about the Funds by accessing the SEC's website at** www.sec.gov**.** 

We do not guarantee that any Fund will achieve its investment objective. In addition, no single Fund or investment option, by itself, constitutes a balanced investment plan.

**Payments We Receive from the Funds**

Affiliates of the Funds compensate us for administering the Funds as variable funding options for the Policies. Currently, Massachusetts Financial Services Company, the investment adviser for MFS<sup>®</sup> VIT and MFS<sup>®</sup> VIT II, and Fidelity Management & Research Company ("FMR"), the investment adviser for Fidelity<sup>®</sup> VIP, pay us fees on an annualized basis, of a maximum of 0.30% of the aggregate net assets of each Fund attributable to the Policies and certain other variable contracts we issue. This fee will not be paid by the Funds, their shareholders or the Policy Owners.

**Substitution, Addition or Deletion of Variable Investment Divisions**

We may, subject to any applicable law, make certain changes to the variable investment divisions offered in your Policy. We may offer new variable investment divisions or stop offering existing variable investment divisions. New variable investment divisions may be made available to existing Policy owners, and variable investment divisions may be closed to new or subsequent premium payments, transfers or allocations. In addition, we may also liquidate the shares of any variable investment division, substitute the shares of one underlying Fund held by a variable investment division for another and/or merge Funds or cooperate in a merger of underlying Funds. To the extent required by the Investment Company Act of 1940, as amended, we may be required to obtain SEC approval or your approval. We will promptly notify you of any changes to the variable investment divisions due to additions, deletions, substitutions, liquidations, mergers or reorganizations of the variable investment divisions.

**Voting Rights of a Policy Owner**

We invest the variable investment divisions' assets in shares of the Funds. We are the legal owner of the shares held in the Separate Account, and we have the right to vote on certain issues. Among other things, we may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vote to elect the Boards of Trustees of the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vote to ratify the selection of independent auditors for the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vote on issues described in the Fund's current prospectus or requiring a vote by shareholders under the 1940 Act.

Even though we own the shares, we give you the opportunity to tell us how to vote the number of shares attributable to your Policy Account value. We vote the shares in accordance with your instructions at meetings of investment portfolio shareholders. We vote any portfolio shares that are not attributable to Policies, and any investment portfolio shares where the owner does not give us instructions, the same way we vote where we did receive owner instructions.

We reserve the right to vote investment portfolio shares without getting instructions from Policy Owners if the federal securities laws, regulations, or their interpretations change to allow this.

You may only instruct us on matters relating to the investment portfolios corresponding to divisions where you have invested assets as of the record date set by the investment portfolio's Board for the portfolio's shareholders meeting. We determine the number of investment portfolio shares in each division that we attribute to your Policy by dividing your account value allocated to that division by the net asset value of one share of the matching investment portfolio.

We count fractional shares. If you have a voting interest, we send you proxy material and a form on which to give us your voting instructions.

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All investment portfolio shares have the right to one vote. The votes of all investment portfolios are cast together on a collective basis, except on issues where the interests of the portfolios differ. In these cases, voting is done on a portfolio-by-portfolio basis.

Examples of issues that require a portfolio-by-portfolio vote are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes in the fundamental investment Policy of a particular investment portfolio; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• approval of an investment advisory agreement.

**THE GUARANTEED INTEREST DIVISION**

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We invest any Policy Account value you have allocated to our Guaranteed Interest Division as part of our general account assets. Unlike the Separate Account, our general account assets may be used to pay any liabilities of AGL in addition to those arising from the Policies. We credit interest on that account value at a rate which we declare from time to time. We guarantee that the interest will be credited at an annual effective rate of at least 4½%. Although this interest increases the amount of any account value that you have in our Guaranteed Interest Division, account value will also be reduced by any charges that are allocated to this option under the procedures described under "Allocation of Policy Account Charges." The mortality and expense risk charge described in "Charges Under the Policy," and the fees and expenses of the Funds discussed in the "Fee Table" and "Appendix A – Funds Available Under the Policy," do not apply to the Guaranteed Interest Division.

You may transfer Policy Account value into the Guaranteed Interest Division at any time. However, there are restrictions on the amount you may transfer out of the Guaranteed Interest Division in a Policy year. Please see "Transfers from the Guaranteed Interest Division."

**POLICY FEATURES**

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Keep in mind as you review the following Policy features that we no longer sell EquiBuilder III Policies.

**Age**

Generally, our use of age in your Policy and this prospectus refers to a person who is between six months younger and six months older than the stated age. Sometimes we refer to this as the "age nearest birthday."

**Death Benefits**

See "Standard Death Benefits" for information about the Policy's standard death benefits.

**Maturity Benefit**

If the Insured Person is still living on the Policy anniversary nearest his or her 95th birthday, we will pay you the Policy Account value net of any outstanding loan and loan interest. The Policy will then end.

**Policy Issuance Information**

When you complete an application for a Policy, it is submitted to us. We make the decision to issue a Policy based on the information in the application and our standards for issuing insurance and classifying risks. If we decide not to issue a Policy, we will refund any premium paid.

We will not issue a new Policy having a Face Amount that is less than $50,000, nor will we issue a Policy for an Insured Person who is older than 75.

No insurance under a Policy will take effect: (a) until we deliver a Policy and you pay the full initial premium while the Insured Person is living and (b) unless the information in the application continues to be true and complete, without material change, as of the time you pay the premium.

See "Flexible Premium Payments" for additional information concerning procedures for obtaining a Policy.

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**Right to Examine**

You have a right to examine your Policy. If for any reason you are not satisfied with it, you may cancel the Policy within the time limits described below by sending it to us with a written request to cancel.

A request to cancel the Policy must be postmarked no later than the latest of the following two dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 days after you receive your Policy; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 45 days after you sign Part 1 of the Policy application.

If you cancel the Policy, we will, within seven days of receipt of the Policy and a duly executed, timely notice of cancellation, refund an amount equal to the greater of (1) the premiums paid or (2) the Policy Account value plus any amount deducted from the premiums paid prior to allocation to the Policy Account. Insurance coverage ends when you send a request for cancellation.

**Flexible Premium Payments**

You may choose the amount and frequency of your premium payments, as long as they are within the limits described below. Even though premiums are flexible, the Policy Information page of each Policy will show a "planned" periodic premium. You determine the planned premium, within limits we set when you apply for a Policy. Planned premiums may not equal the amount of premiums that will keep your Policy in effect. Planned premiums are generally the amount you decide you want to pay and you can change them at any time. If mandated under applicable law, we may be required to reject a premium payment.

You must pay a minimum initial premium on or before the date on which we deliver the Policy. The insurance will not go into effect until we receive this minimum initial premium. We determine the applicable minimum initial premium based on the age, sex and risk class of the Insured Person, the initial Face Amount of the Policy and any additional benefits you select. Make the first premium payment by check or money order payable to "American General Life Insurance Company" or "AGL." Pay any additional premiums by check payable to "American General Life Insurance Company" or "AGL" and send them to our Administrative Center shown under "Contact Information."

We will send you premium reminder notices based on your planned premium unless you request that we not do so in your application or by writing to our Administrative Center. Nevertheless, you may make the planned payment, skip the planned payment or change the frequency or the amount of the payment.

Generally, you may pay other premiums at any time and in any amount, as long as each payment is at least $100. (In some states, Policies may have different minimum premium payments.) We may increase this minimum upon 90 days' written notice. We may also reject premium payments in a Policy year if the payments would cause the Policy to cease to qualify as life insurance under federal tax law. See "Federal Tax Considerations."

If you stop paying premiums temporarily or permanently, the Policy will continue in effect until the net cash surrender value no longer covers the monthly charges against the Policy Account for the benefits selected. Planned premiums may not be sufficient to maintain a Policy because of investment experience, Policy changes or other factors.

We will put the initial net premium in the Policy Account as of the date of payment. We will allocate it to the Fidelity<sup>®</sup> VIP Government Money Market division of the Separate Account, regardless of your premium allocation percentages, until the first business day 15 days after the issue date. We will allocate any other net premium we receive during that period to the Fidelity<sup>®</sup> VIP Government Money Market division. On the first business day 15 days after the issue date, we will reallocate the amount in the Policy Account in accordance with your premium allocation percentages.

Premium payments received on or after the first business day 15 days after the issue date will be allocated upon receipt to the available investment options you have chosen. In the absence of instructions, any such premium payment will be allocated according to your standing allocation instructions on file with us. See "Policy Account Transactions – Repaying the Loan" for information about how premiums are allocated when you have an outstanding Policy loan.

Premium allocation percentages may be any whole number from zero to 100, but the sum must equal 100.

**Limits on premium payments.** 

The primary purpose of life insurance is death benefit protection. Although life insurance provides a credited interest rate, it should not be considered an investment vehicle. Your insurance policy must meet certain requirements of the federal tax law to qualify as life insurance, including limiting the amount of premium payments you can make (relative to the amount of your Policy's insurance coverage) and may impose penalties on amounts you take out of your Policy if you do not observe certain additional requirements.

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These tax law requirements and a discussion of modified endowment contracts are summarized further under "Federal Tax Considerations." Changes you may choose to make to your policy, or the amount of premiums that you pay, could cause your policy to fail to qualify as life insurance. To prevent that from occurring, the Company will monitor your premium payments and may be required to return or limit premiums, which may affect your policy's cash values and may eventually require you to pay out of pocket the cost of insurance charges and other expenses in order to maintain coverage under your policy. Please consult your tax advisor regarding all tax considerations relating to your policy, including the Internal Revenue Code's limits on premiums that may be paid on life insurance policies, before making any changes to your policy or changing the amount of premiums you pay. Internal Revenue Code limitations may limit or prevent you from paying any planned premiums through any particular date, including any termination date.

Also, in certain limited circumstances, additional premiums may cause the death benefit to increase by more than they increase your accumulation value. In such case, we may refuse to accept an additional premium if the insured person does not provide us with satisfactory evidence that our requirements for issuing insurance are still met. This increase in death benefit is on the same terms (including additional charges) as any other specified amount increase you request (as described under "Increase in coverage").

We reserve the right to reject any premium.

**Premium Payments and Transaction Requests in Good Order**

We will accept the Policy Owner's instructions to allocate premium payments to investment options, to make redemptions (including loans) or to transfer values among the Policy Owner's investment options, contingent upon the Policy Owner's providing us with instructions in good order. This means that the Policy Owner's request must be accompanied by sufficient detail to enable us to allocate, redeem or transfer assets properly.

When we receive a premium payment or transaction request in good order, it will be treated as described in this prospectus. If we receive an instruction that is not in good order, the requested action will not be completed, and any premium payments that cannot be allocated will be held in a non-interest bearing account until we receive all necessary information.

We will attempt to obtain Policy Owner guidance on requests not received in good order for up to five business days following receipt. For instance, one of our representatives may telephone the Policy Owner to determine the intent of a request. If a Policy Owner's request is still not in good order after five business days, we will cancel the request, and return any unallocated premiums to the Policy Owner along with the date the request was canceled.

**Changes in EquiBuilder III Policies**

EquiBuilder III Policies provide you flexibility to choose from a variety of strategies which enable you to increase or decrease your insurance protection.

A reduction in Face Amount lessens emphasis on the Policy's insurance coverage by reducing both the death benefit and the net amount at risk (the difference between the current death benefit under the Policy and the amount of the Policy Account). The reduced net amount at risk results in lower cost of insurance charges against the Policy Account. See "Changing the Face Amount of Insurance."

A partial withdrawal of net cash surrender value reduces the Policy Account and death benefit and may reduce the Policy's Face Amount, while providing a cash payment. It does not reduce the net amount at risk or the cost of insurance charges. See "Policy Account Transactions - Withdrawing Money from the Policy Account."

Choosing not to make premium payments may have the effect of reducing the Policy Account. Reducing the Policy Account will, under Option A, increase the net amount at risk (and thereby increase cost of insurance charges) while leaving the death benefit unchanged. Under Option B, it will decrease the death benefit while leaving the net amount at risk and the cost of insurance charge unchanged. See "Flexible Premium Payments."

Increases in the Face Amount emphasize insurance coverage by increasing both the death benefit and the net amount at risk. See "Changing the Face Amount of Insurance."

Additional premium payments may increase the Policy Account, which has the effect, under Option A, of reducing the net amount at risk and cost of insurance charge while leaving the death benefit unchanged, or, under Option B, of increasing the death benefit while leaving the net amount at risk and cost of insurance charge unchanged. See "Flexible Premium Payments."

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**Reports To Policy Owners**

After the end of each Policy year, we will send you a report that shows the current death benefit for your Policy, the value of your Policy Account, information about the variable investment divisions, the cash surrender value of your Policy, the amount of any outstanding Policy loans, the amount of any interest you owe on the loan and information about the current loan interest rate. The annual report will also show any transactions involving your Policy Account that occurred during the year. Transactions include premium allocations, deductions, and any transfers or withdrawals that you made in that year. We will also include in reports any information required by state law.

We will send you notices of transfers of amounts between variable investment divisions and certain other Policy transactions.

**Policy Periods, Anniversaries, Dates and Ages**

We measure Policy years, Policy months and Policy anniversaries from the Register Date shown on the Policy Information page in the Policy. Each Policy month begins on the same day in each calendar month as the day of the month that the Register Date occurred. For purposes of receiving Policy Owner requests, we are open for business at the same time that the NYSE is open for business.

The Register Date is the earlier of the issue date or the date of payment. The date of payment will normally be the day we receive a check for the full initial premium. The issue date, shown on the Policy Information page of each Policy, is the date we actually issue a Policy, and depends on the underwriting and other requirements for issuing a particular Policy. Contestability is measured from the issue date, as is the suicide exclusion.

The first time that we assess charges and deductions under the Policy is as of the Register Date. See "Policy Features - Policy Issuance Information", regarding the commencement of insurance coverage.

The final Policy date is the Policy anniversary nearest the Insured Person's 95th birthday. The Policy ends on that date if the Insured Person is still alive and the maturity benefit is paid.

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**STANDARD DEATH BENEFITS**

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We will pay the death benefit (less any Policy loan and loan interest and any overdue charges) to your beneficiary when the Insured Person dies. You may choose one of the following two death benefit options:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Option A - the greater of (i) the Policy's Face Amount and (ii) the required minimum death benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Option B - the greater of (i) the Policy's Face Amount plus the Policy Account value and (ii) a multiple of the required minimum death benefit.

For example, assume the Policy Face Amount is $300,000 and the Policy Account value is $50,000 as of the date that the death benefit is calculated. Also assume that the death benefit is greater than the required minimum death benefit. If Option A were selected, the death benefit would equal $300,000. If Option B were selected, the death benefit would equal $350,000.

The value of the death benefit under Option B is variable and fluctuates with Policy Account value. However; insurance under Option B costs more per month than under Option A. The value of the Policy Account and the net cash surrender value of the Policy under Option B will be lower than under Option A, all other things being equal.

Under both death benefit options, the required minimum death benefit applies if it would provide a greater benefit (before deductions for any outstanding Policy loan and loan interest). This benefit is a percentage multiple of the amount in your Policy Account value. The percentage declines as the Insured Person gets older. The benefit will be your Policy Account value on the day the Insured Person dies multiplied by the percentage for the Insured Person's age (as of his or her nearest birthday) at the beginning of the Policy year of the Insured Person's death. For ages that are not shown on the table set forth below, the applicable percentages will decrease proportionately for each full year.

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** | **TABLE OF DEATH BENEFITS BASED**<br> **ON POLICY ACCOUNT VALUES** |
| **Insured Person's Attained Age\*** | 40 or under  | 45 | 50 | 55 | 60 | 65 | 70 | 75 | 95 |
| **Minimum Death Benefit as a Percentage of** <br> **the Policy Account**<br>| 250% | 215% | 185% | 150% | 130% | 120% | 115% | 105% | 104% |
| \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. | \* The percentages are interpolated for ages that are not shown here. |

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For example, if the Insured Person is 40 years old and the Policy Account value is $100,000, the death benefit would be at least $250,000 (250% of $100,000).

These percentages are based on provisions of federal tax law which require a minimum death benefit in relation to cash value for a Policy to qualify as life insurance. See "Federal Tax Considerations."

Under either Option A or Option B, the length of time a Policy remains in force depends on the net cash surrender value of the Policy. Because we deduct the charges that maintain the Policy from the Policy Account, coverage will last as long as the net cash surrender value can cover these deductions.

See "Policy Lapse and Reinstatement." The investment experience (which may be either positive or negative) of any amounts in the variable investment divisions and the interest earned in the Guaranteed Interest Division affect your Policy Account value. As a result, the returns from these divisions will affect the length of time a Policy remains in force.

If you prefer to have insurance coverage that varies with the investment experience of your Policy Account, you should choose Option B. The death benefit under Option B will always be at least the Face Amount of the Policy or the required minimum death benefit described above (in either case, less any outstanding Policy loan and loan interest), whichever is greater. If you prefer to have insurance coverage that does not vary in amount and that has lower cost of insurance charges, you should choose Option A.

**Changing the Face Amount of Insurance**

Any time after the first Policy year while a Policy is in force, you may change your Policy's Face Amount. You can do this by sending a written request to us. Any change will be subject to our approval.

For increases in the Face Amount, we must have satisfactory evidence that the Insured Person is still insurable. Our current procedure if the Insured Person has become a more expensive risk is to ask you to confirm that you will pay higher cost of insurance charges on the amount of the increase.

Any increase in the Face Amount must be at least $10,000. Monthly deductions from the Policy Account for the cost of insurance will increase, beginning on the date the increase in the Face Amount takes effect. In addition, we will assess a one-time administrative

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charge against the Policy Account for each Face Amount increase. This charge is currently $1.50 for each additional $1,000 of insurance, up to a maximum charge of $300. An increase in the Face Amount will not increase the maximum surrender charge. Increasing the Face Amount may increase the amount of premium you would need to pay to avoid a lapse of your Policy.

You may not reduce the Face Amount below the minimum we require to issue a Policy at the time of the reduction. We will lower monthly charges against the Policy Account for the cost of insurance if you reduce the Face Amount. If you reduce the Face Amount during the first ten Policy years, we will assess a pro rata share of the applicable surrender charge against the Policy Account. See "Charges under the Policy - Transaction Fees - Surrender Charge."

Our current procedure is to disapprove a requested decrease in the Face Amount if it would trigger the required minimum death benefit. (This is the federal tax law provision, discussed earlier in this prospectus, that can require us to pay as a death benefit a percentage multiple of the Policy Account value.) Instead, we will ask you to make a partial withdrawal of net cash surrender value from the Policy Account, and then we decrease the Face Amount.

Currently, if you request a Face Amount decrease when you have previously increased the Face Amount, we will apply the decrease first against the most recent increase in the Face Amount. We will then apply decreases to prior increases in the Face Amount in the reverse order in which such increases took place, and then to the original Face Amount.

Policy changes that result in a reduction of the death benefit, such as a decrease in the Face Amount, may cause a Policy to become a MEC or may have other adverse tax consequences. See "Federal Tax Considerations."

**Changing Death Benefit Options**

Any time after the first Policy year while a Policy is in force, you may change the death benefit option by sending us a written request. If you change the death benefit from Option A to Option B, the Face Amount will go down by the amount of Policy Account value on the date of the change. We will not allow this change if it would reduce the Face Amount below the minimum we require to issue a Policy. If you change the death benefit from Option B to Option A, the Face Amount of insurance will go up by the amount of Policy Account value on the date of the change. These increases and decreases in the Face Amount are made so that the amount of the death benefit remains the same on the date of the change. When the death benefit remains the same, there is no change in the net amount at risk, which is the amount on which cost of insurance charges are based. See "Charges under the Policy - Periodic Charges - Cost of Insurance Charge."

Changing the death benefit Option may have adverse tax consequences. You should consult a tax advisor before changing the death benefit Option.

We will not require evidence of insurability for the increase in the Face Amount when you change from Option B to Option A, nor will we charge for this increase. We will not assess a surrender charge for the decrease in the Face Amount when you change from Option A to Option B.

**When Face Amount and Death Benefit Changes Go Into Effect**

Any change in the Face Amount or death benefit option of a Policy will be effective at the beginning of the Policy month following the date we approve the request. Any adjustment to Policy charges on account of the change will take effect at the same time. After we approve the request, we will send you a written notice of the approval showing each change. You should attach this notice to your Policy. We may also request that you return your Policy to us so that we can make the appropriate changes.

In some cases, we may not approve a change you request because it might disqualify the Policy as life insurance under applicable federal tax law. We will send you a written notice of our decision to disapprove any requested change for this reason. See "Federal Tax Considerations."

***Tax consequences of changes in insurance coverage.*** Please read "Federal Tax Considerations -Tax Effects" to learn about possible tax consequences of changing your insurance coverage under your Policy. You should consult a tax advisor regarding your circumstances.

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**OTHER BENEFITS AVAILABLE UNDER THE POLICY**

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**In addition to the standard death benefits associated with your Policy, other standard and/or optional benefits may also be available to you. The following tables summarize information about those benefits. Information about the fees associated with each benefit included in the tables may be found in "Fee Table."** 

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| | | |
|:---|:---|:---|
| **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** |
| **Name of Benefit** | **Purpose** | **Brief Description of Restrictions / Limitations** |
| **Planned Periodic** <br> **Premiums**<br>| &nbsp;&nbsp; Allows you to select a premium <br> payment plan to help you pay <br> premiums on a regular basis<br>| &nbsp;&nbsp;&nbsp; •No additional charge<br> •Billing occurs monthly, quarterly, semi-annually, or annually<br> •Payment is not mandatory, but insufficient premium payments <br> may cause the Policy to lapse<br>|
| **American Home** <br> **Guarantee**<br>| &nbsp;&nbsp; Insurance obligations under certain <br> Policies are also guaranteed by <br> American Home Assurance <br> Company, an affiliate of AGL<br>| &nbsp;&nbsp;&nbsp; •No additional charge<br> •Applies only to Policies with a date of issue prior to <br> December 29, 2006 at 4:00 p.m.<br> •AGL guarantees obligations under all Policies<br>|

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| | | |
|:---|:---|:---|
| **Optional Benefits** | **Optional Benefits** | **Optional Benefits** |
| **Name of Benefit** | **Purpose** | **Brief Description of Restrictions/ Limitations** |
| **Disability Waiver** <br> **Benefit Rider**<br>| &nbsp;&nbsp; Waives monthly charges from the <br> Policy Account if the Insured Person <br> becomes totally disabled<br>| &nbsp;&nbsp;&nbsp; •Additional charge applies<br> •No coverage prior to Insured Person's 5th birthday<br> •No coverage if disability continues for less than 6 months<br> •If disability starts before the Policy anniversary nearest to the <br> Insured Person's 60th birthday, monthly charges will be <br> waived for life as long as disability continues<br> •If disability starts on or after the Policy anniversary nearest to <br> the Insured Person's 60th birthday, we will waive monthly <br> charges only up to the Policy anniversary nearest the Insured <br> Person's 65th birthday (as long as the disability continues)<br> •No guarantee that the benefit will prevent lapse<br>|
| **Accidental Death** <br> **Benefit Rider**<br>| &nbsp;&nbsp; Pays an additional death benefit if <br> the Insured Person dies from bodily <br> injury that results from an accident<br>| &nbsp;&nbsp;&nbsp; •Additional charge applies<br> •Automatically terminates on the Policy anniversary nearest the <br> Insured Person's 70th birthday<br>|
| **Children's Term** <br> **Insurance Rider**<br>| &nbsp;&nbsp; Provides term life insurance <br> coverage on the eligible children of <br> the Insured Person<br>| &nbsp;&nbsp;&nbsp; •Additional charge applies<br> •Coverage for insured child must begin before child reaches <br> age 18<br> •Coverage on insured child terminates when the Insured Person <br> reaches age 65 or the insured child reaches 25, whichever <br> happens first<br>|
| **Term Insurance on** <br> **Additional Insured** <br> **Person**<br>| &nbsp;&nbsp; Provides term life insurance for <br> another person, such as the Insured <br> Person's spouse<br>| &nbsp;&nbsp;&nbsp; •Additional charge applies<br> •Minimum coverage amount is $25,000<br> •Maximum coverage amount is five times the Policy's Face <br> Amount<br> •Automatically terminates on the Policy anniversary nearest the <br> Insured Person's 70th birthday<br>|
| **Accelerated Benefit** <br> **Settlement Option** <br> **Rider**<br>| &nbsp;&nbsp; Allows you to receive an accelerated <br> benefit in the event the Insured <br> Person becomes terminally ill or is <br> confined to a nursing facility<br>| &nbsp;&nbsp;&nbsp; •Available only at time of Policy issue<br> •Not available in all states<br> •Additional charge applies<br> •Benefit subject to adjustment based on Insured Person's <br> individual characteristics and other factors.<br>|

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**ADDITIONAL INFORMATION ABOUT POLICY RIDERS**

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You may be eligible to add additional benefit riders to your Policy. We will assess a monthly charge against the Policy Account for each additional benefit rider, other than the Accelerated Benefit Settlement Option Rider. You can cancel these benefit riders at any time. Some of the riders provide guaranteed benefits that are obligations against our general account assets and not of the Separate Account. Please see "Fee Table" for the fees associated with these riders. Your Policy will have more details if you select any of these benefits. Eligibility for and changes in these benefits are subject to our rules and procedures as well as Internal Revenue Service guidance and rules that pertain to the Internal Revenue Code's definition of life insurance as in effect from time to time.

Except as otherwise noted, the additional (optional) benefit riders are currently available for election under eligible Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Disability Waiver Benefit Rider.*** With this benefit, we waive monthly charges from the Policy Account if the Insured Person becomes totally disabled on or after the Insured Person's fifth birthday and the disability continues for six months. There is a charge for this rider. If the disability starts before the Policy anniversary nearest the Insured Person's 60th birthday, we will waive monthly charges for life as long as the disability continues. If the disability starts after that, we will waive monthly charges only up to the Policy anniversary nearest the Insured Person's 65<sup>th</sup> birthday (as long as the disability continues). You may later elect to terminate this rider. If you do so, the charge will cease.

For example, assume a Policy has the Disability Waiver Benefit Rider, and the Policy Owner exercises the rider after the Insured Person has become totally disabled. Also assume that at the beginning of the next Policy month, monthly charges totaling $200 would have been deducted from the Policy Account value (then equal to $11,000). Because the rider was exercised, we would waive those monthly charges; the Policy Account value would remain at $11,000 (excluding the impact of investment performance, any loan interest, and any additional premium payments would have on Policy Account value). We would similarly waive all other monthly charges for the duration of the waiver.

Please note that this rider is not a guarantee against lapse. Even if monthly charges are being waived, it is possible that the Policy could lapse due to poor investment performance of the selected variable investment divisions or unpaid interest on outstanding loan amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Accidental Death Benefit Rider.*** We will pay an additional benefit if the Insured Person dies from bodily injury that results from an accident, provided the Insured Person dies before the Policy anniversary nearest his or her 70th birthday. There is a charge for this rider. You may later elect to terminate this rider. If you do so, the charge will cease.

For example, assume the Policy Owner has a Policy with the Accidental Death Benefit Rider, and the rider has a benefit of $25,000. Under these facts, if the Insured Person dies from a covered accident, a $25,000 accidental death benefit would be paid in addition to the death benefit from the base Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Children's Term Insurance Rider.*** This benefit provides term life insurance on the lives of the Insured Person's children, including natural children, stepchildren and legally adopted children. There is a charge for this rider. Coverage for an insured child must begin before the child has reached age eighteen. Coverage lasts only until the Insured Person reaches age 65 or the child reaches age 25, whichever happens first. You may terminate this rider at any time. If you do so, the charge will cease.

For example, assume the Policy Owner purchases the Children's Term Insurance Rider, and the rider has a benefit of $10,000 to cover his or her eligible children. If an eligible child dies during the effective period of the rider, a benefit of $10,000 would be paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Term Insurance on an Additional Insured Person Rider.*** This rider allows you to obtain term insurance for another person, such as the Insured Person's spouse. There is a charge for this rider. This rider is a level death benefit term insurance rider with annually increasing cost of insurance charges. The minimum amount of coverage is $25,000 and the maximum is five times the Policy's Face Amount. The coverage and deductions expire on the Policy anniversary nearest the Insured Person's age 70. You may later elect to terminate this rider. If you do so, the charge will cease.

For example, assume the Policy Owner purchases the Term Insurance on an Additional Insured Person Rider to cover his or her spouse, and the rider has a benefit of $25,000. If the spouse dies during the effective period of the rider, a benefit of $25,000 would be paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Accelerated Benefit Settlement Option Rider.*** This rider is no longer available for election. This rider allows you to receive an accelerated benefit in the event the Insured Person is certified as being terminally ill or is confined to a nursing facility. In determining the accelerated benefit, we will adjust the death benefit to reflect the payment option you select, the Insured Person's sex and age, the length of time the Policy has been in force, our current assumptions as to the Insured Person's life expectancy, interest rates, cost of insurance rates, and administrative charges, and a processing charge of not over $200.

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For example, assume a Policy has the Accelerated Benefit Settlement Option Rider and a death benefit of $360,000. Also assume that the Policy Owner exercises the rider upon the Insured Person becoming terminally ill or being confined to a nursing facility. Upon exercise, we will accelerate payment of the death benefit. The accelerated payment would be less than $360,000, however. It would be adjusted for factors such as the payment option selected, the Insured Person's sex and age, the length of time the Policy has been in force, our current assumptions as to the Insured Person's life expectancy, interest rates, and cost of insurance rates. It would also be reduced for applicable charges. For instance, in this example, the accelerated death benefit could be $300,000 even though the death benefit was $360,000.

This Accelerated Benefit Settlement Option Rider was not available in all states. There is no premium charge for this rider, and you may not add the rider after we have issued a Policy. Receipt of an accelerated benefit may be subject to income tax. You should seek assistance from your personal tax advisor before electing a payment option under this rider.

**Tax Consequences of Additional Rider Benefits.**

Adding or deleting riders, or increasing or decreasing coverage under existing riders can have tax consequences. See "Federal Tax Considerations - Tax Effects." You should consult a tax advisor for questions.

**POLICY ACCOUNT TRANSACTIONS**

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The following transactions may have different effects on the Policy Account, death benefit, Face Amount or cost of insurance. You should consider the net effects before requesting Policy Account transactions. See "Policy Features - Changes in EquiBuilder III Policies." Certain transactions also include charges. For information regarding other charges, see "Charges Under the Policy."

**eDelivery, Life Consumer Portal, Telephone Transactions and Written Transactions**

For information, refer to <u>Communication with AGL</u> eDelivery, Life Consumer Portal, Telephone Transactions and Written Transactions.

**Changing Premium and Deduction Allocation Percentages**

You may change the allocation percentages of your net premiums or your monthly deductions by giving instructions to us. These changes will go into effect as of the date we receive the request, and they will affect transactions on and after that date.

**Transfers of Policy Account Value Among Investment Divisions**

You may transfer amounts from any variable investment division to any other variable investment division or to the Guaranteed Interest Division. You may make up to four transfers of Policy Account value among the variable investment divisions in each Policy year without charge. We consider your instruction to transfer from or to more than one investment division at the same time to be one transfer. Depending on the overall cost of performing these transactions, we may charge up to $25 for each additional transfer, except that we will impose no charge for a transfer of all amounts in the variable investment divisions to the Guaranteed Interest Division. Our current practice is to assess the $25 charge for each transfer after the twelfth transfer in a Policy year. To make a transfer, give us instructions at our Administrative Center, shown under "Contact Information."

If there is a charge for making a transfer, we will allocate the charge as described under "Charges under the Policy - Allocation of Policy Account Charges." All simultaneous transfers included in one transfer request count as one transfer for purposes of any fee.

A transfer from a variable investment division will take effect as of the business day we receive instructions to make the transfer. The minimum amount we will transfer on any date will be shown on the Policy Information page in each Policy and is usually $500. This minimum need not come from any one variable investment division or be transferred to any one variable investment division as long as the total amount transferred that day equals or exceeds the minimum. However, we will transfer the entire amount in any variable investment division even if it is less than the minimum specified in a Policy. Note that we will allocate future premiums and deductions to variable investment divisions or the Guaranteed Interest Division in accordance with existing allocations unless you also instruct us to change them.

Special rules apply to transfers from the Guaranteed Interest Division. See "Policy Account Transactions - Transfers from the Guaranteed Interest Division."

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**Market Timing**

The Policies are not designed for professional market timing organizations or other entities or individuals using programmed and frequent transfers involving large amounts. Market timing carries risks with it, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• dilution in the value of Fund shares underlying investment options of other Policy Owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interference with the efficient management of the Fund's portfolio; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs.

We have policies and procedures affecting your ability to make transfers within your Policy. A transfer can be your allocation of all or a portion of a new premium payment to an investment option. You can also transfer your accumulation value in one investment option (all or a portion of the value) to another investment option.

We are required to monitor the Policies to determine if a Policy Owner requests:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer out of a variable investment division within two calendar weeks of an earlier transfer into that same variable investment division; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer into a variable investment division within two calendar weeks of an earlier transfer out of that same variable investment division; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer out of a variable investment division followed by a transfer into that same variable investment division, more than twice in any one calendar quarter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer into a variable investment division followed by a transfer out of that same variable investment division, more than twice in any one calendar quarter.

If any of the above transactions occurs, we will suspend such Policy Owner's same day or overnight delivery transfer privileges (including website, e-mail and facsimile communications) with notice to prevent market timing efforts that could be harmful to other Policy Owners or beneficiaries. Such notice of suspension will take the form of either a letter mailed to your last known address, or a telephone call from our Administrative Center to inform you that effective immediately, your same day or overnight delivery transfer privileges have been suspended. A Policy Owner's first violation of this policy will result in the suspension of Policy transfer privileges for ninety days. A Policy Owner's subsequent violation of this policy will result in the suspension of Policy transfer privileges for six months.

In most cases, transfers into and out of the money market investment division are not considered market timing; however, we examine all of the above transactions without regard to any transfer into or out of the money market investment division. We treat such transactions as if they are transfers directly into and out of the same variable investment division. For instance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if a Policy Owner requests a transfer out of any variable investment division into the money market investment division, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the same Policy Owner, within two calendar weeks requests a transfer out of the money market investment division back into that same variable investment division, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the second transaction above is considered market timing

Transfers under dollar cost averaging, automatic rebalancing or any other automatic transfer arrangements to which we have agreed are not affected by these procedures.

The procedures above will be followed in all circumstances, and we will treat all Policy Owners the same.

In addition, Policy Owners incur a $25 charge for each transfer in excess of 12 each Policy year.

**Restrictions Initiated By the Funds and Information Sharing Obligations** 

The Funds have policies and procedures restricting transfers into the Fund. For this reason or for any other reason the Fund deems necessary, a Fund may instruct us to reject a Policy Owner's transfer request. Additionally, a Fund may instruct us to restrict all purchases or transfers into the Fund by a particular Policy Owner. We will follow the Fund's instructions. The availability of transfers from any investment option offered under the Policy is unaffected by the Fund's policies and procedures.

Please read the Funds' prospectuses and supplements for information about restrictions that may be initiated by the Funds.

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In order to prevent market timing, the Funds have the right to request information regarding Policy Owner transaction activity. If a Fund requests, we will provide mutually agreed upon information regarding Policy Owner transactions in the Fund.

**Transfers from the Guaranteed Interest Division**

You may request a transfer of unloaned amounts in the Guaranteed Interest Division to one or more of the variable investment divisions. We will make the transfer as of the date we receive a written request for it, but we will only process a transfer out of the Guaranteed Interest Division if we receive it within 30 days after a Policy anniversary. The maximum amount that you may transfer is the greater of 25% of the unloaned value in the Guaranteed Interest Division on the date the transfer takes effect or the minimum transfer amount shown in the Policy when we issued it. The smallest amount that you may transfer is the lesser of the unloaned value in the Guaranteed Interest Division on the date the transfer takes effect or the minimum transfer amount shown in the Policy.

**Borrowing from the Policy Account**

At any time that a Policy has a net cash surrender value, you may borrow money from us using only your Policy as security for the loan. The maximum aggregate amount that we will loan is 90% of the cash surrender value of the Policy on the business day we receive the request for a loan. Any new loan must be at least the minimum amount shown on the Policy Information page of a Policy, usually $500. Any amount that secures a loan remains part of the Policy Account but is assigned to the Guaranteed Interest Division. This loaned amount earns interest at a rate that we expect will be different from the interest rate for unloaned amounts in the Guaranteed Interest Division. See "Federal Tax Considerations", with respect to the federal income tax consequences of a loan.

**Loan Requests**

Send requests for loans to us. You may specify how much of the loan should be taken from the unloaned amount, if any, of your Policy Account allocated to the Guaranteed Interest Division and how much should be taken from the amounts allocated to the variable investment divisions. If you request a loan from a variable investment division, we will redeem units sufficient to cover that part of the loan and transfer the amount to the loaned portion of the Guaranteed Interest Division. We determine the amounts in each division as of the day we receive the request for a loan.

If you do not specify how to allocate a loan, we will allocate it according to your deduction allocation percentages. If we cannot allocate it based on these percentages, we will allocate it based on the proportions of the unloaned amount, if any, of your Policy Account allocated to the Guaranteed Interest Division and the respective amounts allocated to each variable investment division to the unloaned value of the Policy Account.

**Policy Loan Interest**

Interest on a Policy loan accrues daily at an adjustable interest rate. We determine the rate at the beginning of each Policy year. The same rate applies to any outstanding Policy loans and any new amounts borrowed during the year. We will notify you of the current rate when you request a loan. We determine loan rates as follows:

The maximum rate is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5½%; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the "Published Monthly Average" for the calendar month that ends two months before the interest rate is set. The "Published Monthly Average" is the Monthly Average Corporate yield shown in Moody's Corporate Bond Yield Averages published by Moody's Investor Services, Inc.

If this average is no longer published, we will use any successor or the average established by the insurance supervisory official of the jurisdiction in which we delivered the Policy.

We will not charge more than the maximum rate permitted by applicable law. We may also set a rate lower than the maximum.

Any change in the rate from one year to the next will be at least ½ of 1%. The current loan interest rate will only change, therefore, if the Published Monthly Average differs from the previous loan interest rate by at least ½ of 1%. We will give advance notice of any increase in the interest rate on any loans outstanding.

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**When Interest is Due**

Interest on any money you borrow from your Policy Account is due on each Policy anniversary. If you do not pay interest when it is due, we will add it to the outstanding loan and allocate it based on the deduction allocation percentages for the Policy Account then in effect. This means that we make an additional loan to pay the interest, and transfer amounts from the variable investment divisions and the unloaned portion of the Guaranteed Interest Division to make the loan. If we cannot allocate the interest based on these percentages, we will allocate it as described above for allocating the loan.

**Repaying the Loan**

You may repay all or part of a Policy loan at any time while the Insured Person is alive and a Policy is in force, provided that any loan repayment currently must be at least $100 (unless the amount of the outstanding loan and loan interest is less than $100). While a Policy loan is outstanding, we will apply all amounts we receive in respect to that Policy as a loan repayment unless you include with the payment written instructions that we should apply it as a premium payment.

We will first allocate loan repayments to the Guaranteed Interest Division until the amount of any loans originally allocated to that division is repaid. For example, if you borrowed $500 from the Guaranteed Interest Division and $500 from the Fidelity<sup>®</sup> VIP Equity-Income Division, we will not allocate repayments to the Fidelity<sup>®</sup> VIP Equity-Income Division until the $500 borrowed from the Guaranteed Interest Division is repaid. After you have repaid this amount, you may specify how we should allocate subsequent repayments. If you do not give us instructions, we will allocate repayments based on current premium allocation percentages at the time you make the repayment.

**The Effects of a Policy Loan on the Policy Account**

A Policy loan, whether or not repaid, will affect Policy Account value and will increase your risk of lapse, as described below. We reduce the amount we pay on the Insured Person's death by the amount of any outstanding Policy loan, and your Policy may lapse (terminate without value) if outstanding Policy loans plus any accrued interest payable reduce the cash surrender value to zero.

A loan against a Policy will have a permanent effect on the value of the Policy Account and, therefore, on benefits under the Policy, even if you repay it. When we make a loan against a Policy, the amount of the loan is set aside in the Guaranteed Interest Division where it earns a declared rate for loaned amounts. The loan amount will not be available for investment in the variable investment divisions or in the unloaned portion of the Guaranteed Interest Division.

We expect the interest rate credited to loaned amounts in the Guaranteed Interest Division to be different from the rate that applies to unloaned amounts in the Guaranteed Interest Division. The interest rate for loaned amounts in all years in the Guaranteed Interest Division will never be less than 4½%. Currently:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for the first ten Policy years, it will be 2% less than the interest rate charged on the loan, minus any charge for taxes or reserves for taxes, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the tenth Policy year, (a) the interest rate applied to Preferred Loan amounts (as defined below) in the Guaranteed Interest Division will be equal to the interest rate charged on the loan, minus any charge for taxes or reserves for taxes and (b) the interest rate for other loaned amounts in the Guaranteed Interest Division will be as set out in the first bullet.

Each month, we add this interest to unloaned amounts of the Policy Account in the Guaranteed Interest Division.

"Preferred Loans" are Policy loans made after the tenth Policy year which do not in the aggregate exceed a specified percentage of the cash surrender value. We will charge a lower interest rate on these loans. The maximum amount eligible for Preferred Loans for any year is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10% of your Policy Account value or "accumulation value" (which includes any amount we are holding in the Guaranteed Interest Division as collateral for your Policy loans) at the Policy anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if less, your Policy's maximum remaining loan value at that Policy anniversary.

We will always credit your Preferred Loan collateral amount at a guaranteed annual effective rate of 4½%. We intend to set the rate of interest you are paying to the same 4½% rate we credit to your Preferred Loan collateral amount, resulting in a zero-net cost (0.00%) of borrowing for that amount. We have full discretion to vary the rate we charge you, provided that the rate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• will always be greater than or equal to the guaranteed Preferred Loan collateral rate of 4½%; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• will never exceed an annual effective rate of the greater of:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 5½%; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the "Published Monthly Average" for the calendar month that ends two months before the interest rate is set. See "Policy Loan Interest" for a description of the Published Monthly Average.

The impact of a loan on a Policy Account will depend on one hand, on the investment experience of the variable investment divisions and the rates declared for the unloaned portion of the Guaranteed Interest Division and, on the other hand, the rates declared for the loaned portion of the Guaranteed Interest Division. For example, if $1,000 is borrowed against $5,000 in the Fidelity<sup>®</sup> VIP Government Money Market division, the $1,000 will be set aside in the Guaranteed Interest Division. This $1,000 would not be affected by any increases or decreases in the value of units in the Fidelity<sup>®</sup> VIP Government Money Market division. However, the $1,000 earns interest at a declared interest rate.

A Policy loan may also affect the amount of time that the insurance provided by a Policy remains in force. For example, a Policy may lapse more quickly when a loan is outstanding because you cannot use the loaned amount to cover monthly charges against the Policy Account. This may have negative tax consequences. If the monthly charges exceed the net cash surrender value of the Policy, then the lapse provisions of the Policy will apply. Since the Policy permits loans up to 90% of the cash surrender value, you may have to pay additional premium payments to keep the Policy in force if you borrowed the maximum amount. For more information about these provisions, see "Policy Lapse and Reinstatement", of this prospectus.

**Withdrawing Money from the Policy Account**

After a Policy has been in effect for a year, you may request a partial surrender of the net cash surrender value by sending us a written request. The partial surrender and any reductions in Face Amount and net cash surrender value will be effective as of the business day we receive the request for them. Any partial surrender is subject to certain conditions. It must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• be at least $500;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not cause the death benefit or Face Amount to fall below the minimum for which we would issue the Policy; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not cause the Policy to fail to qualify as life insurance under applicable law.

You may specify how much of the partial surrender you want taken from each investment division. If you do not give us instructions, we will make the partial surrender on the basis of the then-current deduction allocation percentages. If we cannot withdraw the amount based on your directions or on the deduction allocation percentages, we will withdraw the amount based on the proportions of the unloaned amount, if any, of the Policy Account allocated to the Guaranteed Interest Division and the respective amounts allocated to the variable investment divisions to the total unloaned value of the Policy Account. For example, if 50% of a Policy Account were in the Guaranteed Interest Division and 50% were in the Fidelity<sup>®</sup> VIP Government Money Market Division and you wanted to withdraw $1,000, we would take $500 from each division.

When you make a partial surrender of net cash surrender value, we assess a partial surrender processing fee against the Policy Account of a maximum of the lesser of $25 or 2% of the partial surrender amount. This charge is currently $10. We will allocate this charge equally among the divisions from which the partial surrender was made. If we cannot allocate the charge in this manner, we will allocate it as described under "Charges under the Policy - Allocation of Policy Account Charges".

A partial surrender of net cash surrender value reduces the amount in the Policy Account. It also reduces the cash surrender value and the death benefit on a dollar-for-dollar basis. If the death benefit based on a percentage multiple applies, the reduction in death benefit can be greater. See "Policy Features - Death Benefits."

If you elected death benefit Option A, we will also reduce the Face Amount of the Policy by the amount of the partial surrender so there will be no change in the net amount at risk. We will not assess a surrender charge in connection with the reduction in Face Amount. We will send you an endorsement to reflect this change. We may ask you to return the Policy to us so that we can make a change. A partial surrender will not affect the Face Amount of the Policy if death benefit Option B is in effect. See "Federal Tax Considerations", for the tax consequences of a partial surrender. A Policy loan may be more advantageous if your need for cash is temporary.

**Surrendering the Policy for Its Net Cash Surrender Value**

During the first ten Policy years, the cash surrender value of a Policy is the amount in the Policy Account minus the surrender charge described under "Charges under the Policy - Transaction Fees - Surrender Charge." After ten Policy years, the cash surrender value and Policy Account are the same. Especially during the initial Policy years, the applicable surrender charge may be a substantial portion of the premiums paid.

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You may surrender a Policy for its net cash surrender value at any time while the Insured Person is living. You can do this by sending to us the Policy and a written request in a form satisfactory to us. The net cash surrender value of the Policy equals the cash surrender value minus any outstanding loan and loan interest. We will compute the net cash surrender value as of the business day we receive a request for surrender and the Policy, and all insurance coverage under the Policy will end on that date. See "Federal Tax Considerations", for the tax consequences of a surrender.

**POLICY PAYMENTS**

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**Payment Options**

We can pay Policy benefits or other payments, such as the net cash surrender value or death benefit, immediately in one sum, or in another form of payment described below. Payments under these options do not depend on the investment experience of any variable investment division because none of the payment options is a variable payment option. Instead, interest accrues pursuant to the options chosen. (Such interest will be appropriately includable in federal gross income of the beneficiary). If you do not arrange for a specific form of payment before the Insured Person dies, the beneficiary will have the choice. However, if you make an arrangement for payment of the money, the beneficiary cannot change that choice after the Insured Person dies. Payment options will also be subject to our rules at the time of selection. Currently, you can pick these alternate payment options only if the proceeds applied are $1,000 or more and any periodic payment will be at least $20.

The following payment options are generally available:

***Income Payments for a Fixed Period.*** We will pay the amount applied in equal installments (including applicable interest) for a specific number of years, for up to 30 years.

***Life Income with Payments Guaranteed for a Fixed Term of Years.*** We will make payment at agreed intervals for a definite number of equal payments and as long thereafter as the payee lives. You (or the beneficiary in some cases) may choose any one of four definite periods: 5, 10, 15 or 20 years.

***Proceeds at Interest.*** The money will stay on deposit with us while the payee is alive. Interest will accrue on the money at a declared interest rate, and interest will be paid at agreed-upon intervals.

***Fixed Amount.*** We will pay the sum in installments in a specified amount. Installments will be paid until the original amount, together with any interest, has been exhausted.

We guarantee interest under the foregoing options at the rate of 3% a year.

We may also pay or credit excess interest on the options from time to time. We will determine the rate and manner of payment or crediting. Under the second option we will pay no excess interest on the part of the proceeds used to provide payments beyond the fixed term of years.

The beneficiary or any other person who is entitled to receive payment may name a successor to receive any amount that would otherwise be paid to that person's estate if that person died. No successor may be named if a payment option chosen is contingent on the life of a beneficiary. The person who is entitled to receive payment may change the successor at any time.

We must approve any arrangements that involve more than one of the payment options, or a payee who is not a natural person (for example, a corporation), or a payee who is a fiduciary. Also, the details of all arrangements will be subject to our rules at the time the arrangements take effect. This includes rules on the minimum amount payable under an option, minimum amounts for installment payments, withdrawal or commutation rights (rights to cancel an arrangement involving payments over time in return for a lump sum payment), the naming of people who are entitled to receive payment and their successors and the ways of proving age and survival.

You may change your choice of a payment option (and may make later changes) and that change will take effect in the same way as it would if a beneficiary were being changed. See "The Beneficiary." Any amounts we pay under the payment options will not be subject to the claims of creditors or to legal process, to the extent that the law provides.

We may be required under applicable law to block a request for payment under a Policy until we receive instructions from the appropriate regulator.

**The Beneficiary**

You must name a beneficiary when you apply for a Policy. The beneficiary is entitled to the insurance benefits of the Policy. You may change the beneficiary during the Insured Person's lifetime by sending us written notice satisfactory to us. The change will take effect

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on the date the notice is signed. However, the change will be subject to all payments made and actions we took under the Policy before we received the notice. Changing the beneficiary will cancel any previous arrangement made as to a payment option for benefits. You can pick a payment option for the new beneficiary.

At the time of the Insured Person's death, we will pay the benefit equally to the primary beneficiaries, or, if no primary beneficiaries are living, the first contingent beneficiaries (if any), or, if no primary or first contingent beneficiaries are living, the second contingent beneficiaries (if any). If no beneficiary is living when the Insured Person dies, we will pay the death benefit to you or to your executors or administrators.

**Assignment of a Policy**

You may assign (transfer) your rights in a Policy to someone else as collateral for a loan or for some other reason. We will not be bound by an assignment unless it is received in writing. You must provide us with two copies of the assignment. We are not responsible for any payment we make or any action we take before we receive a complete notice of the assignment in good order. We are also not responsible for the validity of the assignment. An absolute assignment is a change of ownership. Because there may be unfavorable tax consequences, including recognition of taxable income and the loss of income tax-free treatment for any death benefit payable to the beneficiary, you should consult a tax advisor before making an assignment.

**Payment of Proceeds**

We generally will pay any death benefits, net cash surrender value or loan proceeds within seven days after we receive the required form or request (and other documents that may be required) at our Administrative Center, shown under "Contact Information". We determine death benefits as of the date of death of the Insured Person. Subsequent changes in the unit values of the variable investment divisions will not affect death benefits. We will pay interest covering the period from the date of death to the date of payment.

We may defer determination of values and payment for one or more of the following reasons:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We contest the Policy, or we are deciding whether or not to contest the Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the NYSE is closed other than weekend and holiday closings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• trading on the NYSE is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an emergency exists as determined by the SEC or other appropriate regulatory authority such that disposal of securities or determination of the value of the variable investment divisions is not reasonably practicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the SEC by order so permits for the protection of Policy Owners; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we are on notice that the Policy is the subject of a court proceeding, an arbitration, a regulatory matter or other legal action.

We may defer payment of any net cash surrender value or loan amount from the Guaranteed Interest Division for up to six months after receipt of a request. We will pay interest of at least 3% a year from the date we receive a request for withdrawal of net cash surrender value if payment from the Guaranteed Interest Division is delayed more than 30 days.

**Delay Required under Applicable Law**

We may be required under applicable law to block a request for payment under a Policy until we receive instructions from the appropriate regulator.

**ADDITIONAL RIGHTS THAT WE HAVE**

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We have the right at any time to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transfer the resulting balance in an investment division in accordance with any transfer request you make that reduces your accumulation value for that division to below $500;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transfer the entire balance in proportion to any other investment divisions you then are using, if the accumulation value in an investment division is below $500 for any other reason;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• replace the underlying Fund that any investment division uses with another fund, subject to SEC and other required regulatory approvals or other applicable law;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• add, delete or limit investment divisions, combine two or more investment divisions or withdraw assets relating to the Policies from one investment division and put them into another, subject to SEC and other required regulatory approvals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• operate the Separate Account under the direction of a committee or discharge such a committee at any time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• change our underwriting and risk class guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• operate the Separate Account, or one or more investment options, in any other form the law allows, including a form that allows us to make direct investments. The Separate Account may be charged an advisory fee if its investments are made directly rather than through another investment company. In that case, we may make any legal investments we wish; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make other changes in the Policy that in our judgment are necessary or appropriate to ensure that the Policy continues to qualify for tax treatment as life insurance, or that do not reduce any cash surrender value, death benefit, accumulation value, or other accrued rights or benefits.

**VARIATIONS IN POLICY OR INVESTMENT DIVISION TERMS AND CONDITIONS**

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We have the right to make some variations in the terms and conditions of a Policy or its investment divisions. Any variations will be made only in accordance with uniform rules that we establish. We intend to comply with all applicable laws in making any changes and, if necessary, we will seek Policy Owner approval and SEC and other regulatory approvals. Here are some of the potential variations:

**Policies purchased through "internal rollovers"** 

We maintain published rules that describe the procedures necessary to replace life insurance policies we have issued. Not all types of other insurance are eligible to be replaced with a Policy. Our published rules may be changed from time to time but are evenly applied to all our customers.

**State law requirements** 

AGL is subject to the insurance laws and regulations in every jurisdiction in which the Policies are sold. As a result, various time periods and other terms and conditions described in this prospectus may vary depending on where you reside. These variations will be reflected in your Policy and related endorsements.

**Expenses or risks** 

AGL may vary the charges and other terms within the limits of the Policy where special circumstances result in sales, administrative or other expenses, mortality risks or other risks that are different from those normally associated with the Policy.

**Underlying Investments** 

You will be notified as required by law if there are any material changes in the underlying investments of an investment division that you are using.

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**CHARGES UNDER THE POLICY**

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Generally, we allocate monthly charges or certain transaction fees among the variable investment divisions and the unloaned portion of the Guaranteed Interest Division in accordance with the deduction allocation percentages you specify in your application, or in accordance with your subsequent instructions. However, we generally make deductions for the first Policy month from the Fidelity<sup>®</sup> VIP Government Money Market division.

The following information describes the charges under the Policy as shown in the "Fee Table" section. Please review both prospectus sections, and the Policy form itself for information on charges. We deduct the charges described below to cover costs and expenses, services provided, and risks assumed under the Policies. The amount of a charge may not necessarily correspond to the cost of providing the services or benefits indicated by the designation of the charge or associated with the particular Policy. For example, the premium expense charge and the surrender charge may not fully cover all of the sales and distribution expenses we actually incur, and we may use proceeds from other charges, including the mortality and expense risk charge and the cost of insurance charge, to cover such expenses.

**Transaction Fees**

***Premium Expense Charge.*** We deduct 5% of each Policy premium payment we receive as a Premium Expense Charge. We deduct this charge for each premium paid during a Policy year until the total amount of premiums for that Policy year equal the Target Premium. We do not deduct a Premium Expense Charge for premiums that you pay during that Policy year which exceed the Target Premium. During the next Policy year, we will again deduct a Premium Expense Charge of 5% until total premiums paid during that Policy year equal the Target Premium.

You can reduce aggregate Premium Expense Charges by concentrating premium payments in a few Policy years so that the premiums paid in each of those years exceed a Target Premium. However, concentrating premium payments during a Policy's early Policy years, and in particular during the first Policy year, may increase the surrender charge if you surrender your Policy or, in some instances, if you reduce your Policy's Face Amount or let it lapse during the first ten Policy years. In addition, concentrating premium payments during the first seven Policy years can increase the likelihood that a Policy will be considered a MEC. See "Federal Tax Considerations."

We deduct a Premium Expense Charge to recover some of the costs of distributing the EquiBuilder III Policies. These expenses include agents' commissions and printing prospectuses and sales literature. We do not profit from this charge.

***Statutory Premium Taxes.*** Unless your policy was issued in Oregon, we deduct from each premium a charge for the tax that is then applicable to us in your state or other jurisdiction. These taxes, if any, currently range in the United States from .5% to 3.5%. For example, the highest premium tax rate, 3.5%, is in the state of Nevada, while the lowest premium tax rate, 0.5%, is in the state of Illinois. Certain local jurisdictions may assess additional premium taxes, which will increase the tax rate. We deduct the applicable tax from each premium payment. This is a tax to AGL, so you cannot deduct it on your income tax return. The amount of the tax will vary depending on where you live. Since the tax deduction is a percentage of your premium, the amount of the tax will also vary with the amount of the premium payment. If you change your place of residence, we will change the deduction to match the new tax rate. Please notify us if you move.

***Surrender Charge (for full surrenders).*** We deduct surrender charges to recover some of the costs of distributing the Policies. Your Policy Information page shows the maximum surrender charge, which will equal 50% of one Target Premium. This maximum will not vary with the amount of premiums paid or when they are paid. At the end of the sixth Policy year, and at the end of each of the four succeeding Policy years, the maximum surrender charge will decrease by 20% of the initial maximum surrender charge. After the end of the tenth Policy year, there is no surrender charge.

The maximum surrender charge will not be more than 50% of one Target Premium. Subject to the maximum surrender charge, we calculate the surrender charge based on actual premium payments. The surrender charge we currently assess equals the sum of

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 25% of premium payments you make during the first Policy year up to the amount of one Target Premium, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 9% of any additional premiums you pay during the first through tenth Policy years.

Under the Policy's formula used to calculate surrender charges, paying less than one Target Premium in the first Policy year results in a surrender charge of less than the maximum surrender charge in the first year. If you continue to pay less than one Target Premium in the following years, you can surrender your Policy and pay less than the maximum surrender charge. Keep in mind, however, that

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the less premiums you pay, the less value your Policy will have to pay monthly charges, which increases the possibility your Policy will lapse. In addition, paying less premiums may increase cost of insurance charges (which are based on amount at risk).

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. | Assume a $200,000 initial Face Amount Policy for a male age 40. This Policy would have a Target Premium of $2,280 and a maximum surrender <br> charge of $1,140 ($2,280 x 50%). Also, assume that all premium payments are made at the beginning of each Policy year and that no benefit <br> riders have been selected. The following table shows the surrender charge only which would apply under different premium payment assumptions <br> if surrender of the Policy were to occur during the indicated Policy year. |
| **During Year** | &nbsp;&nbsp; **Premium**<br> **Payment**<br> **Assumptions**<br>| **Charge** | &nbsp;&nbsp; **Premium**<br> **Payment**<br> **Assumptions**<br>| **Charge** | &nbsp;&nbsp; **Premium**<br> **Payment**<br> **Assumptions**<br>| **Charge** |
| 1 | $3000 | $635 | $2280 | $570 | $1140 | $285 |
| 2 | 3000 | 905 | 2280 | 775 | 3420 | 593 |
| 3 | 3000 | 1140 | 2280 | 980 | 2280 | 790 |
| 4 | 3000 | 1140 | 2280 | 1140 | 2280 | 1003 |
| 5 | 3000 | 1140 | 2280 | 1140 | 2280 | 1140 |
| 6 | 3000 | 1140 | 2280 | 1140 | 2280 | 1140 |
| 7 | 3000 | 912 | 2280 | 912 | 2280 | 912 |
| 8 | 3000 | 684 | 2280 | 684 | 2280 | 684 |
| 9 | 3000 | 456 | 2280 | 456 | 2280 | 456 |
| 10 | 3000 | 228 | 2280 | 228 | 2280 | 228 |

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We reduce the maximum surrender charge by the amount of any pro rata surrender charge we previously imposed in connection with a decrease in the Face Amount.

***Surrender Charge (for Face Amount decreases).*** During the first ten Policy years, we will treat a decrease in the Face Amount of a Policy as a surrender, and we will deduct a portion of the surrender charge. If the Face Amount of a Policy increases and then decreases, a surrender charge will apply only to a decrease below the original Face Amount (i.e., the Face Amount when we issue the Policy). Generally, we determine the pro rata surrender charge for a partial surrender by dividing the amount of the Face Amount decrease (excluding the portion that merely reverses a prior increase) by the original Face Amount and multiplying the fraction by the surrender charge that would apply to a total surrender.

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| |
|:---|
| &nbsp;&nbsp; For example, assume that we issue a Policy for a male age 40 with a Face Amount of $200,000. In the third Policy year, you decide to decrease this <br> Face Amount by $100,000. Assume also that you paid an annual premium of $3,000 for each of the first three Policy years and that the maximum <br> surrender charge for the third Policy year is $1,140. To determine the pro rata surrender charge:<br>|
| Divide the amount of the Face Amount decrease by the initial Face Amount. ($100,000/$200,000=.5) |
| Then multiply this fraction by the surrender charge in effect before the decrease. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro rata surrender charge = .5 x $1,140 = $570. |
| &nbsp;&nbsp; Thus, you would be charged $570 for decreasing the Face Amount of this Policy from $200,000 to $100,000 during the third Policy year. The <br> maximum surrender charge you might pay in the future would be reduced proportionately. We would send you a new Policy Information page that <br> shows the new maximum charges. You will pay the maximum only if you surrender the Policy or let the Policy lapse after you pay enough premiums <br> to reach the maximum.<br>|

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***Partial Surrender Processing Fee.*** For withdrawals of less than your full Policy Account value, we will deduct a maximum fee equal to the lesser of 2% of the amount withdrawn or $25 for each partial surrender you make. This charge is currently $10. We use this charge to help pay for the expense of making a partial surrender. See "Policy Account Transactions - Withdrawing Money from the Policy Account." AGL receives this charge to help pay for the expense of making a partial surrender.

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We do not charge a partial surrender processing fee for Face Amount decreases.

***Face Amount Increase Charge.*** There is an administrative charge that is currently $1.50 for each $1,000 of Face Amount increase up to a maximum charge of $300. See "Policy Features - Changes in EquiBuilder III Policies." AGL receives this charge to help pay for the expense of making a Face Amount increase.

***Transfers.*** If you make more than four transfers of Policy Account value in a Policy year among variable investment divisions, we may charge up to $25 for each additional transfer in that Policy year. Our current practice is to assess the $25 charge for each transfer after the twelfth transfer in a Policy year. However, if you transfer all of the assets to the Guaranteed Interest Division, we will not impose any transfer charge. See "Policy Account Transactions - Transfers of Policy Account Value Among Investment Divisions." We will consider a request for transfer involving the simultaneous transfer of funds from or to more than one investment division to be one transfer. AGL receives this charge to help pay for the expense of making the requested transfer.

***Policy Owner Additional Illustration Charge.*** If you request more than one illustration of projected death benefits and Policy Account and cash surrender values in a Policy year, we may charge a $25 fee. AGL receives this charge to help pay for the expenses of providing additional illustrations.

***Accelerated Benefit Settlement Option.*** If you exercise the Accelerated Benefit Settlement Option, a charge of $200 is deducted at the time the accelerated death benefit is paid. AGL receives this charge to help pay for the expenses of providing an accelerated death benefit.

**Periodic Charges**

At the beginning of each Policy month, we deduct the following charges from each Policy Account.

***Administrative Charge.*** At the beginning of each of the first 12 Policy months that a Policy is in effect, we will also deduct an administrative charge of $30 per month. After the first 12 Policy months, the current charge will be $9 per month. We may raise this $9 charge to reflect higher costs, but we guarantee it will never be more than $12 per month.

For the first 12 Policy months, we use this charge to recover costs of issuing and placing the Policy such as application processing, medical examinations, establishment of Policy records and underwriting costs (determining insurability and assigning the Insured Person to a risk class). After the first 12 Policy months, this charge is used to cover the continuing costs of maintaining the EquiBuilder III Policies, such as premium billing and collection, claim processing, Policy transactions, record keeping, other expenses, overhead, and communications with Policy Owners, such as regulatory mailings and responding to Policy Owners' requests.

***Cost of Insurance Charge.*** The monthly cost of insurance is our current monthly cost of insurance rate multiplied by the net amount at risk at the beginning of the Policy month divided by $1,000. The net amount at risk is the difference between the current death benefit and the amount in the Policy Account. If the current death benefit for the month rises due to the requirements of federal tax law (see "Policy Features - Death Benefits"), the net amount at risk for the month will also rise.

For this purpose, we determine the amount of each Policy Account before deducting the cost of insurance charge, but after all other charges due on that date. The cost of insurance charge will vary from month to month with changes in the net amount at risk and with the Insured Person's increasing age.

We base the cost of insurance rates on the Insured Person's sex, age and risk class and the Face Amount of the Policy at the time of the charge. We may change these rates from time to time, but they will never be more than the maximum guaranteed rates set forth in a particular Policy. We base the maximum guaranteed charges on the Commissioner's 1980 Standard Ordinary Male and Female Mortality Tables.

In Montana and Massachusetts cost of insurance rates will not vary based on sex. Where required, we will provide cost of insurance charges that do not distinguish between males and females. See "Employee Benefit Plans" in the SAI.

***Mortality and Expense Risk Charge.*** We deduct a charge from the variable investment divisions for assuming mortality and expense risks. The mortality risk that we assume is that Insured Persons will live for shorter periods than estimated. When this happens, we have to pay a larger death benefit than expected in relation to the cost of insurance charges we received. The expense risk we assume is that the cost of issuing and administering Policies will be greater than we expected. We assess a daily charge for mortality and expense risks at an annual effective rate of 0.75% of the value of the assets in the Separate Account attributable to EquiBuilder III

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Policies. This charge affects the unit values for the variable investment divisions. See "Policy Account Value - Determination of the Unit Value." We may profit from this charge and may use such profits for any lawful purpose including paying distribution expenses.

***Loan Interest.*** Interest on a Policy loan accrues daily at an adjustable interest rate. We determine the rate at the beginning of each Policy year. The maximum loan interest rate is the greater of 5½% or the Monthly Average Corporate yield published by Moody's Investor Services, Inc., as an annualized percentage of the outstanding loan amount. We credit interest on amounts held in the Guaranteed Interest Division as collateral for a Policy loan. We guarantee that the annual earned interest rate will not be lower than 4½%. The net annual interest rate charged on a Policy loan (or loan interest spread) will be the difference between the annual interest rate charged on the loan and the annual interest rate credited to amounts held as collateral for the loan. AGL receives these charges to help pay for the expenses of administering and providing for Policy loans. See "Policy Account Transactions – Loan Interest" for additional information.

***Optional Rider Charges.*** The additional benefit riders under the Policy (except the Accelerated Benefit Settlement Option) have a monthly charge. We will deduct any monthly rider charges from your Policy Account value. These charges vary by Policy within a range based on either the personal characteristics of the Insured Person or other insured or the specific coverage you choose under the rider. For the Accelerated Benefit Settlement Option, there is a $200 charge at the time the benefit is paid. The riders are described under "Additional Information about Policy Riders." The specific charges for any riders you choose will be shown in your Policy. AGL receives these charges to pay for the benefits under the riders and to help offset the risks we assume.

**Fund Charges**

Charges deducted from and expenses paid out of the assets of the Funds are described in the prospectuses for the Funds.

During periods of low short-term interest rates, and in part due to Policy fees and expenses that are assessed as frequently as daily, the yield of the money market investment division may become extremely low and possibly negative. If the daily dividends paid by the underlying mutual fund for the money market investment division are less than the Policy's fees and expenses, the money market investment division's unit value will decrease. In the case of negative yields, your accumulation value in the money market investment division will lose value.

**Allocation of Policy Account Charges**

Allocation percentages for deductions may be any whole numbers (from zero to one hundred) which add up to one hundred. You may change deduction allocation percentages by giving us instructions. Changes will be effective as of the date we receive your instructions in good order.

We will subtract charges for partial withdrawals of net cash surrender value and transfers of Policy Account values equally among the divisions from which the transactions were made. If we cannot make the charge this way, we will make it based on the proportion of the unloaned amounts in the Guaranteed Interest Division, if any, and the amounts in the variable investment divisions, to the total unloaned value of the Policy Account.

**DISTRIBUTION OF THE POLICIES**

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The Policies are offered on a continuous basis through Corbridge Capital Services, Inc. ("CCS"), located at 30 Hudson Street, 16<sup>th</sup> Floor, Jersey City, NJ 07302. CCS is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority ("FINRA"). CCS is an indirect, wholly owned subsidiary of AGL. No underwriting fees are paid in connection with the distribution of the Policies.

We and CCS have sales agreements with various broker-dealers and banks under which the Policies will be sold by registered representatives of the broker-dealers or employees of the banks. These registered representatives and employees are also required to be authorized under applicable state regulations as life insurance agents to sell variable universal life insurance. The broker-dealers are ordinarily required to be registered with the SEC and must be members of FINRA.

We make payments in connection with the distribution of the Policies. These compensation arrangements may provide broker-dealers and/or their registered representatives with an incentive to favor sales of our Policies over other variable universal life insurance policies (or other investments) with respect to which a selling firm or registered representative does not receive the same level of additional compensation. **You should discuss with your selling firm and/or registered representative how they are compensated for sales of a Policy and/or any resulting real or perceived conflicts of interest. You may wish to take such compensation arrangements into account when considering or evaluating any recommendation relating to this Policy.** 

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Broker-dealers earn commissions on Policy sales of up to 90% of premiums paid during the first Policy year. For Policies issued on or after October 8, 1997, annual trail commissions are earned at an annual rate of 0.25% on the amount in the Policy Account that is in the Separate Account. These commissions (and other distribution expenses, such as production incentive bonuses, agent's insurance and pensions benefits, agency management compensation and bonuses and expense allowances) are paid by AGL. They do not result in any additional charges against the Policy.

We do not assess a specific charge directly to you or your Separate Account assets in order to cover commissions and other sales expenses and incentives we pay. However, we anticipate recovering these amounts from our profits which are derived from the fees and charges collected under the Policy. We hope to benefit from these compensation arrangements through increased sales of our Policies and greater customer service support.

Based on the payments we make, as described above, or similar payments that other insurance companies may make, registered representatives may have a financial incentive to offer you a new life insurance policy in place of the one you already own. You should exchange a policy you already own only if you determine, after comparing the features, fees, and risks of both policies, that it is better for you to purchase the new policy rather than continue to own your existing policy.

**POLICY ACCOUNT VALUE**

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The amount in a Policy Account is the sum of the amounts allocated to the Guaranteed Interest Division and to the variable investment divisions. The amount in a Policy Account also reflects various deductions and charges. We deduct monthly charges on the first day of each Policy month. We deduct transaction charges or surrender charges on the effective date of the transaction.

Charges against the Separate Account are reflected daily. Any amount you allocate to a variable investment division will increase or decrease depending on the investment experience of that division, and there is no guaranteed minimum cash value. We guarantee the value of amounts in a Policy Account you allocate to the Guaranteed Interest Division, and interest credited to those amounts. See "The Guaranteed Interest Division."

**Amounts in the Variable Investment Divisions**

We use amounts you allocate, transfer or add to the variable investment divisions to purchase units representing undivided interests in the various divisions. The value of the units we credit to the Policy Account for a division represents the amount in that division. We calculate the number of units purchased or redeemed in a variable investment division by dividing the dollar amount of the transaction by the division's unit value next calculated at the close of business on the effective date of the transaction. (See "Policy Account Transactions" regarding the effective dates of Policy Account transactions.)

The number of units changes only when you purchase or redeem them, but the value of a unit will change with the investment performance of the corresponding Fund. The value of a unit also reflects charges we assess against the Separate Account. On any given day, the value your Policy Account has in a variable investment division is the unit value times the number of units you have in that division. The units of each variable investment division have different unit values.

You purchase units of a variable investment division when you allocate premiums, repay loans or transfer amounts to that division. You redeem or sell units when you make withdrawals or transfer amounts from a variable investment division (including transfers for loans) or when we pay a death benefit when the Insured Person dies. We also redeem units for monthly charges or other charges from the Separate Account.

**Business Day and Close of Business**

We compute unit values for each variable division on each day that the NYSE is open for business. We call each such day a "business day." We compute Policy values as of the time the NYSE closes on each business day, which usually is 3:00 p.m. Central time. We call this our "close of business." We are closed only on those holidays the NYSE is closed.

Generally, we consider that we have received a premium payment or another communication from you on the day we actually receive it in good order at any of the addresses shown in this prospectus. If we receive it after the close of business on any business day, however, we consider that we have received it on the business day following that business day. Any premium payments we receive after our close of business are held in our general account until the next business day.

If we receive your premiums through payroll allotment, such as salary deduction or salary reduction programs, we consider that we receive your premium on the day we actually receive it, rather than the day the deduction from your payroll occurs. This is important

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for you to know because your premium receives no interest or earnings for the time between the deduction from your payroll and our receipt of the payment. We do not accept military allotment programs.

**Determination of the Unit Value**

The initial unit value for each investment division was set at $100. Subsequently, the unit value for any business day equals the unit value for the preceding business day multiplied by the net investment factor for that division on that business day.

We determine a net investment factor for each variable investment division every business day as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, each Fund produces a price per Fund share following each close of the NYSE and provides that price to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Next, we determine the value of the shares belonging to the division in the corresponding Fund at the close of business that day (before giving effect to any Policy transactions for that day, such as premium payments or surrenders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Then, we add any dividends or capital gains distributions paid for the corresponding Fund on that day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Then, we divide this sum by the value of the amounts in the investment division at the close of business on the immediately preceding business day (after giving effect to any Policy transactions on that day);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Then, we subtract a daily mortality and expense risk charge for each calendar day between business days. (For example, a Monday calculation may include charges for Saturday and Sunday). The daily charge is 0.00002063, which is an annual effective rate of 0.75%; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finally, we subtract any daily charge for taxes or amounts set aside as a reserve for taxes.

Generally, this means that unit values are adjusted to reflect what happens to the Funds, and also for the mortality and expense risk charge and any charge for taxes.

**POLICY LAPSE AND REINSTATEMENT**

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**Lapse of the Policy**

If the net cash surrender value is insufficient to pay the charges that are made against the Policy Account each month, or if the total of any Policy loan plus loan interest exceeds the cash surrender value, we will start procedures to terminate the Policy. We will notify you and any assignee shown on our records in writing that the net cash surrender value is insufficient to pay monthly charges or that an outstanding Policy loan plus loan interest exceeds the cash surrender value of the Policy. In either case, we will notify you and give you a grace period of 61 days to pay an additional premium to prevent lapse of the Policy, and that you must pay an amount of premium that we determine will cover estimated monthly charges for three months, plus any loan interest due, to avoid lapse of the Policy. The grace period begins with the first day of the Policy month for which all charges could not be paid.

If we receive at least the amount to cover three months' charges, plus any loan interest due, before the end of the grace period, we will use the payment to satisfy the overdue charges. We will place any remaining balance in the Policy Account and will allocate it in the same manner as previous premium payments. We will apply a payment of less than the specified amount we receive before the end of the grace period to overdue charges. This will not prevent lapse of the Policy.

If we do not receive at least the amount to cover three months' charges, plus any loan interest due, within the 61 days, the Policy will lapse without value. We will withdraw any amount left in your Policy Account and apply this amount to the charges owed us, including any applicable surrender charge. We will inform you that your Policy has ended without value.

If the Insured Person dies during the grace period, we will pay the insurance benefits to the beneficiary, minus any outstanding Policy loan and loan interest and overdue charges.

**Reinstatement of the Policy**

You may reinstate your Policy within three years after it lapses if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you provide evidence that the Insured Person is still insurable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you send us a premium payment sufficient to keep the Policy in force for three months after the date it is reinstated.

The effective date of the reinstated Policy will be the beginning of the Policy month which coincides with or follows the date we approve the reinstatement application. Upon reinstatement, we will reduce your maximum surrender charge by the amount of all

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surrender charges you have already paid. We will calculate future surrender charges as if the Policy had been in force since the original Register Date. We will not reinstate previous loans.

**FEDERAL TAX CONSIDERATIONS**

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The discussion below is intended for general informational purposes only and is not intended as tax advice, either general or individualized, nor should be interpreted as providing any predictions or guarantees of a particular tax treatment. This discussion is based upon the Company's understanding of current tax rules and interpretations Finally, this discussion does not address all Federal income tax consequences of transactions (including consequences of sales to foreign individuals or entities), state or local tax consequences, estate or gift tax consequences, or the impact of foreign tax laws, associated with your life insurance policy. Except as described in the withholding section, this discussion assumes that the policy owner and beneficiaries under the policy are natural persons who are U.S. citizens and residents. The consequences for ownership by entity, corporate taxpayers, non-U.S. residents or non-U.S. citizens, may be different.

Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have a retroactive effect as well. Any verbal interactions/written communications, including this form, you have with and/or receive from us are intended solely to educate you or facilitate the administration with respect to our products and services or facilitate the administration of this life insurance policy . As a result, you should consult a tax adviser about the application of tax rules found in the Internal Revenue Code of 1986, as amended ("IRC" or "the Code"), Treasury Regulations, applicable Internal Revenue Service ("IRS") guidance, an any regulatory developments to your individual situation.

**Tax Effects**

Generally, the death benefit paid under a Policy is not subject to income tax. There are specific circumstances where the death benefit may be taxable, such as if the policy was transferred for value during the life of the insured. Earnings on your accumulation value are not subject to income tax as long as we do not pay them out to you. If we do pay any amount of your Policy's accumulation value upon surrender, partial surrender, or maturity of your Policy, all or part of that distribution may be treated as a return of the premiums you paid, which is not subject to income tax.

Amounts you receive as Policy loans are not taxable to you, unless you have paid such a large amount of premiums that your Policy becomes what the tax law calls a **<u>"modified endowment contract."</u>** In that case, the loan will be taxed as if it were a partial surrender. Furthermore, loans, partial surrenders and other distributions from a modified endowment contract may require you to pay additional taxes and penalties that otherwise would not apply. If your Policy lapses or you surrender your Policy, you may have to pay income tax on a portion of any outstanding loan.

Please consult your legal or tax advisor with any questions regarding the tax effects of your life insurance policy.

***General.*** The Policy will be treated as "life insurance" for federal income tax purposes (a) if it meets the definition of life insurance under Section 7702 of the Code (under either the Cash Value Accumulation Test or the Guideline Premium Test) and (b) for as long as the investments made by the underlying Funds satisfy certain investment diversification requirements under Section 817(h) of the Code. We believe that the Policy will meet these requirements at issue and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the death benefit received by the beneficiary under your Policy will generally not be subject to federal income tax (assuming your policy was not transferred for value during the life of the insured); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increases in your Policy's accumulation value as a result of interest or investment experience will not be subject to federal income tax unless and until there is a distribution from your Policy, such as a surrender or a partial surrender.

The federal income tax consequences of a distribution from your Policy can be affected by whether your Policy is determined to be a modified endowment contract, as explained in the following discussion. In all cases, however, the character of all income that is described as taxable to the payee will be ordinary income (as opposed to capital gain).

***Testing for modified endowment contract status***. The Code provides for a "**<u>seven-pay test</u>**." This test determines if your Policy will be a "**<u>modified endowment contract</u>**."

If, at any time during the first 7 Policy years:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have paid a cumulative amount of premiums;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cumulative amount exceeds the premiums you would have paid by the same time under a similar fixed-benefit life insurance policy; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the fixed benefit policy was designed (based on certain assumptions mandated under the Code) to provide for paid-up future benefits ("paid-up" means no future premium payments are required) after the payment of seven level annual premiums;

then your Policy will be a modified endowment contract.

Whenever there is a "material change" under a policy, the policy will generally be (a) treated as a new contract for purposes of determining whether the policy is a modified endowment contract and (b) subjected to a new seven-pay period and a new seven-pay limit. The new seven-pay limit would be determined taking into account, under a prescribed formula, the accumulation value of the policy at the time of such change. A materially changed policy would be considered a modified endowment contract if it failed to satisfy the new seven-pay limit at any time during the new seven-pay period. A "material change" for these purposes could occur as a result of a change in death benefit option. A material change will occur as a result of an increase in your Policy's specified amount, and certain other changes.

If your Policy's benefits are reduced during the first 7 Policy years (or within 7 years after a material change), the calculated seven-pay premium limit will be redetermined based on the reduced level of benefits and applied retroactively for purposes of the seven-pay test. (Such a reduction in benefits could include, for example, a decrease in the specified amount that you request or that results from a partial surrender). If the premiums previously paid are greater than the recalculated seven-payment premium level limit, the Policy will become a modified endowment contract.

We will attempt to notify you on a timely basis to prevent additional premium payments from causing your Policy to become a modified endowment contract.

A life insurance policy that is received in a tax free exchange under Section 1035 of the Code for a modified endowment contract will also be considered a modified endowment contract.

***Policy changes***. We will not permit a change to your Policy that would result in the Policy not meeting the definition of life insurance under Section 7702 of the Code. Changes made to your Policy (for example, adding a rider to your Policy) may also have other effects on your Policy. Such effects may include impacting the maximum amount of premiums that can be paid under your Policy, as well as the maximum amount of accumulation value that may be maintained under your Policy. Under Notice 2016-63 published by the Internal Revenue Service, certain policy changes, not expressly provided for in your Policy, may have adverse federal income tax effects. You should consult your personal tax advisor about the effect of any change to your Policy as it relates to Section 7702 and the termination date of the Mortality Tables.

***Rider benefits.*** We believe that premium payments and any death benefits or other benefits to be paid under any rider you may purchase under your Policy <u>will not</u> disqualify your Policy as life insurance for tax purposes. However, the tax law related to rider benefits is complex and some uncertainty exists. You should consult a tax advisor regarding the impact of any rider you may purchase.

***Tax treatment of minimum withdrawal benefit rider payments.*** You may have purchased a minimum withdrawal benefit rider that can provide payments to you. If applicable to you, generally, we will treat each rider benefit payment as withdrawal of **<u>basis</u>** first. All payments or withdrawals after basis has been reduced to zero, will be treated as taxable amounts. However, you should be aware that little guidance is available regarding the taxability of these benefits. Please consult a tax advisor with any questions.

***Taxation of pre-death distributions if your Policy <u>is not</u> a modified endowment contract.*** As long as your Policy remains in force during the insured person's lifetime and not as a modified endowment contract, a Policy loan will be treated as indebtedness, and no part of the loan proceeds will be subject to current federal income tax. Interest on the Policy loan generally will not be tax deductible.

After the first 15 Policy years, the proceeds from a partial surrender will not be subject to federal income tax except to the extent such proceeds exceed your "**<u>basis</u>**" in your Policy. (Your basis generally will equal the premiums you have paid, less the amount of any previous distributions from your Policy that were not taxable.) During the first 15 Policy years, however, the proceeds from a partial surrender could be subject to federal income tax, under a complex formula, to the extent that your accumulation value exceeds your basis in your Policy.

On the maturity date or upon full surrender, any excess in the amount of proceeds we pay (including amounts we use to discharge any Policy loan) over your basis in the Policy, will be subject to federal income tax. In addition, if a Policy ends after a grace period while there is a Policy loan, the cancellation of such loan and any accrued loan interest will be treated as a distribution and could be

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subject to federal income tax under the above rules. Finally, if you make an assignment of rights or benefits under your Policy you may be deemed to have received a distribution from your Policy, all or part of which may be taxable.

***Taxation of pre-death distributions if your Policy <u>is</u> a modified endowment contract.*** If your Policy is a modified endowment contract, any distribution from your Policy while the insured person is still living will be taxed on an "income-first" basis. Distributions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• include loans (including any increase in the loan amount to pay interest on an existing loan, or an assignment or pledge to secure a loan) and partial surrenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• will be considered taxable income to you to the extent your accumulation value exceeds your basis in the Policy; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• have their taxability determined by aggregating all modified endowment contracts issued by the same insurer (or its affiliates) to the same owner (excluding certain qualified plans) during any calendar year.

For modified endowment contracts, your basis:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is similar to the basis described above for other policies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• will be increased by the amount of any prior loan under your Policy that was considered taxable income to you.

A 10% penalty tax also will apply to the taxable portion of most distributions from a policy that is a modified endowment contract. The penalty tax will not, however, apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to taxpayers 59½ years of age or older;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of a terminal illness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of a disability (as defined in the Code); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to distributions received as part of a series of substantially equal periodic annuity payments for the life (or life expectancy) of the taxpayer or the joint lives (or joint life expectancies) of the taxpayer and his or her beneficiary.

If your Policy ends after a grace period while there is a Policy loan, the cancellation of the loan will be treated as a distribution to the extent not previously treated as such and could be subject to tax, including the 10% penalty tax, as described above. In addition, on the maturity date, policy lapse or upon a full surrender, any excess of the proceeds we pay (including any amounts we use to discharge any Policy loan) over your basis in the Policy, will be subject to federal income tax and, unless one of the above exceptions applies, the 10% penalty tax.

Distributions that occur during a Policy year in which your Policy becomes a modified endowment contract, and during any subsequent Policy years, will be taxed as described in the two preceding paragraphs. In addition, distributions from a policy within two years before it becomes a modified endowment contract also will be subject to tax in this manner. This means that a distribution made from a policy that is not a modified endowment contract could later become taxable as a distribution from a modified endowment contract.

***Policy lapses and reinstatements.*** A Policy which has lapsed may have the tax consequences described above, even though you may be able to reinstate that Policy. For tax purposes, some reinstatements may be treated as the purchase of a new insurance contract.

***Tax reporting upon a reportable policy sale or receipt of any notice of a transfer of a life insurance policy to a foreign person.*** Section 6050Y of the Code requires that the purchaser of a policy via a reportable policy sale is required to provide certain information to the issuer, seller and Internal Revenue Service (IRS). A reportable policy sale is generally the acquisition of an interest in a life insurance contract, directly or indirectly, if the acquirer has no substantial family, business, or financial relationship with the insured. The buyer must file the return required under Section 6050Y with the IRS and furnish copies of the return to the insurance company that issued the contract and the seller. Upon receipt of the report from the buyer of a reportable policy sale or the receipt of any notice of a transfer of a life insurance policy to a foreign person, the issuer of the policy is required to report certain information to the IRS and the seller of the life insurance policy. Additionally, for those policies associated with a reportable policy sale, the death benefits paid out to the beneficiaries will also be reported to the IRS. Please consult a tax advisor with any questions.

***Diversification and investor control.*** For a contract to be treated as a variable life insurance policy for Federal income tax purposes, the underlying investments under the life insurance policy must be "adequately diversified" and You cannot be considered as having investor control over the assets of the life insurance policy for purposes of the Code. If the life insurance policy fails to comply with these diversification and investor control standards, it would disqualify your Policy as a life insurance policy under section 7702 of the Code. If this were to occur, you would be subject to federal income tax on the income under the Policy for the period of

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disqualification and for subsequent periods. Also, if the insured person died during such period of disqualification or subsequent periods, a portion of the death benefit proceeds would be taxable to the beneficiary.

*Diversification.* Under Section 817(h) of the Code, the Treasury Department has issued regulations that implement investment diversification requirements. Under the regulations an investment portfolio will be deemed adequately diversified if (1) no more than 55% of the value of the total assets of the portfolio is represented by any one investment; (2) no more than 70% of the value of the total assets of the portfolio is represented by any two investments; (3) no more than 80% of the value of the total assets of the portfolio is represented by any three investments; and (4) no more than 90% of the value of the total assets of the portfolio is represented by any four investments. For purposes of determining whether or not the diversification standards imposed on the underlying assets of variable contracts by Section 817(h) of the Code have been met, "each United States government agency or instrumentality shall be treated as a separate issuer." We expect that the manager of the Underlying Funds monitors the Funds to comply with these Treasury Regulations.

*Investor Control.* Under certain circumstances, you, and not the Company, could be treated as the owner of the assets held in the Separate Account under your life insurance policy, based on the degree of control you exercise over the underlying investments. There is little guidance in this area, and the determination of whether you possess sufficient incidents of ownership over such assets depends on all of the relevant facts and circumstances. While we believe the contract does not give you investor control over such assets, we reserve the right to modify the contract as necessary to prevent you from being considered as the owner of the assets of the contract for purposes of the Code.

***Estate and generation skipping taxes.*** If the insured person is the Policy's owner, the death benefit under the Policy will generally be includable in the owner's estate for purposes of federal estate tax. If the owner is not the insured person, under certain conditions, only an amount approximately equal to the cash surrender value of the Policy would be includable. In addition, an unlimited marital deduction may be available for federal estate tax purposes.

As a general rule, if a "transfer" is made to a person two or more generations younger than the Policy's owner, a generation skipping tax may be payable at rates similar to the maximum estate tax rate in effect at the time. The generation skipping tax provisions generally apply to "transfers" that would be subject to the gift and estate tax rules. You should consult with a tax advisor for specific information, especially where benefits are passing to younger generations.

The particular situation of each Policy owner, insured person or beneficiary will determine how ownership or receipt of Policy proceeds will be treated for purposes of federal estate and generation skipping taxes, as well as state and local estate, inheritance and other taxes.

***Life insurance in split dollar arrangements.*** The IRS and Treasury have issued regulations on split dollar life insurance arrangements. In general, a split dollar insurance arrangement involves two parties agreeing to split the premium and/or benefits of a life insurance policy. These arrangements are often used as a type of employee compensation or for making gifts among family members. The regulations provide two mutually exclusive regimes for taxing split dollar life insurance arrangements: the "economic benefit" regime and the "loan" regime. The economic benefit regime, under which the non-owner of the policy is treated as receiving certain economic benefits from its owner, applies to endorsement arrangements and most non-equity split dollar life insurance arrangements. The loan regime applies to collateral assignment arrangements and other arrangements in which the non-owner could be treated as loaning amounts to the owner.

Purchasers of life insurance policies are strongly advised to consult with a tax advisor to determine the tax treatment resulting from a split dollar arrangement.

***Pension and profit-sharing plans.*** As of the publication date, AGL has confirmed its position that it will not sell life insurance into a pension or profit-sharing plan or a qualified plan under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). If a life insurance policy is purchased by a trust or other entity that forms part of a pension or profit-sharing plan qualified under Section 401(a) of the Code for the benefit of participants covered under the plan, the federal income tax treatment of such policies will be somewhat different from that described above.

The reasonable net premium cost for such amount of insurance that is purchased as part of a pension or profit-sharing plan is required to be included annually in the plan participant's gross income. This cost (generally referred to as the "P.S. 58" cost) is reported to the participant annually. If the plan participant dies while covered by the plan and the policy proceeds are paid to the participant's beneficiary, then the excess of the death benefit over the policy's accumulation value will not be subject to federal income tax. However, the policy's accumulation value will generally be taxable to the extent it exceeds the participant's cost basis in the policy. The participant's cost basis will generally include the costs of insurance previously reported as income to the participant. Special rules may apply if the participant had borrowed from the policy or was an owner-employee under the plan. The rules for determining "P.S. 58" costs are currently provided under Notice 2002-8, 2002-1 CB 398.

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There are limits on the amounts of life insurance that may be purchased on behalf of a participant in a pension or profit-sharing plan. Complex rules, in addition to those discussed above, apply whenever life insurance is purchased by a tax qualified plan. On December 20, 2019 the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law as part of larger appropriations legislation. The SECURE Act includes many provisions affecting Qualified Contracts, some of which became effective upon enactment or on January 1, 2020, and certain provisions were retroactively effective. Additionally, on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Like the SECURE Act, the CARES Act includes some provisions that affect Qualified Contracts for 2020. The SECURE 2.0 Act OF 2022 "SECURE 2.0" was passed on December 29, 2022, as part of the broader Consolidated Appropriations Act of 2023. SECURE 2.0 includes many provisions affecting Qualified Contracts, some of which were effective January 1, 2023. You should consult a tax advisor regarding any questions you have associated with the applicability of the SECURE Act, the CARES Act, or SECURE 2.0 to your life insurance.

***Other employee benefit programs.*** Complex rules may also apply when a policy is held by an employer or a trust, or acquired by an employee, in connection with the provision of other employee benefits. These policy owners must consider whether the policy was applied for by or issued to a person having an insurable interest under applicable state law and with the insured person's consent. The lack of an insurable interest or consent may, among other things, affect the qualification of the policy as life insurance for federal income tax purposes and the right of the beneficiary to receive a death benefit.

***ERISA.*** Employers and employer-created trusts holding the policy may be subject to reporting, disclosure and fiduciary obligations under ERISA. You should consult a tax or legal advisor for questions.

***When we withhold income taxes.*** Generally, taxable amounts distributed from your life insurance policy are subject to federal and state income tax reporting and withholding. In general, we will withhold federal income tax from the taxable portion of such distribution based on the type of distribution and, in certain cases, the amount of your distribution. An election out of federal withholding must be made in accordance with the IRS guidance as directed on forms that we provide. If an election out of withholding or election of another amount is not made, withholding is imposed (1) for periodic payments, at the rate that would be imposed if the payments were wages, and the payee was single with no adjustments, or (2) for other distributions, at the rate of 10%. If you are a U.S. person (which includes a resident alien), and your address of record is a non-U.S. address, we are required to withhold income tax unless payments are directed to your U.S. residential address.

State income tax withholding rules vary, and we will withhold based on the rules of your state of residence. Your state may require any election associated with withholding to be undertaken on the state's prescribed form.

Special tax rules apply to withholding for non-United States persons, and we generally withhold income tax for such non-United States persons at a rate of 30% of the taxable amount. A different withholding rate may be applicable to a non-United States person based on the terms of an existing income tax treaty between the United States and the non-United States person's country. To qualify for any reduced withholding, the non-United States person must provide applicable certifications under Form W-8 BEN-E, Form W-8IMY, or other applicable form. Any Form W-8, including the Form W-8 BEN-E and Form W-8IMY, is only effective for three years from date of signature unless a change in circumstances makes any information on the form incorrect. Note, any payments made to a foreign entity, where such entity fails to provide the applicable certifications, may result in a 30% withholding on certain gross payments, which could include distributions from cash value life insurance or annuity products. You should consult your tax adviser as to the availability of an exemption from, or reduction of, such tax under an applicable income tax treaty, if any.

***Other tax withholding***. Any owner not exempt from United States federal tax withholding should consult a tax advisor as to the availability of an exemption from, or reduction of, such tax withholding under an applicable income tax treaty, if any.

***Tax changes.*** The U.S. Congress frequently considers legislation that, if enacted, could change the tax treatment of life insurance policies. In addition, the Treasury Department may amend existing regulations, issue regulations on the qualification of life insurance and modified endowment contracts or adopt new interpretations of existing law. State and local tax law or, if you are not a U.S. citizen and resident, foreign tax law, may also affect the tax consequences to you, the insured person or your beneficiary, and are subject to change. Any changes in federal, state, local or foreign tax law or interpretation could have a retroactive effect. We suggest you consult a tax advisor with any questions.

***Our taxes.*** We report the operations of Separate Account VL-R in our federal income tax return, but we currently pay no income tax on Separate Account VL-R's investment income and capital gains, because these items are, for tax purposes, reflected in our variable universal life insurance policy reserves. We currently make no charge to any Separate Account VL-R division for taxes. We reserve the right to make a charge in the future for taxes incurred; for example, a charge to Separate Account VL-R for income taxes we incur that are allocable to the Policy.

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We may have to pay state, local or other taxes in addition to applicable taxes based on premiums. At present, these taxes are not substantial. If they increase, we may make charges for such taxes when they are attributable to Separate Account VL-R or allocable to the Policy.

Certain Funds in which your accumulation value is invested may elect to pass through to AGL taxes withheld by foreign taxing jurisdictions on foreign source income. Such an election will result in additional taxable income and income tax to AGL. The amount of additional income tax, however, may be more than offset by credits for the foreign taxes withheld which are also passed through. These credits may provide a benefit to AGL.

**LEGAL PROCEEDINGS**

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There are no pending legal proceedings affecting the Separate Account, the Company, or the principal underwriter. Various federal, state or other regulatory agencies may from time to time review, examine or inquire into the operations, practices and procedures of the Company, such as through financial examinations, subpoenas, investigations, market conduct exams or other regulatory inquiries. Based on the current status of pending regulatory examinations, investigations and inquiries involving the Company, the Company believes that none of these matters will have a material adverse effect on the ability of the principal underwriter to perform its obligations with respect to the Policies or of the depositor to meet its obligations under the Policies.

Various lawsuits against the Company have arisen in the ordinary course of business. As of the date of this prospectus, the Company believes that none of these matters will have a material adverse effect on the ability of the principal underwriter to perform its contract with the Separate Account or of the depositor to meet its obligations under the Policies.

**FINANCIAL STATEMENTS**

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The financial statements of AGL, the Separate Account and American Home can be found in the SAI. The back cover page to this prospectus describes how you can obtain a free copy of the SAI. The financial statements are also available on the Company's website at <u>www.corebridgefinancial.com/support</u> and on SEC's website at <u>www</u><u>.</u><u>sec.gov</u>. We encourage Policy owners to read and understand the financial statements.

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**APPENDIX A – FUNDS AVAILABLE UNDER THE POLICY**

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The following is a list of Funds available under the Policy. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at <u>www</u><u>.</u><u>corebridgefinancial.com/AGVUL</u>. You can also request this information at no cost by calling 1-800-340-2765.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher, and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance. Updated performance information is available at <u>www.corebridgefinancial.com/AGVUL</u> or by calling 1-800-340-2765.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Fund – Share Class**<br> **Adviser/Sub-Adviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Type** | &nbsp;&nbsp; **Fund – Share Class**<br> **Adviser/Sub-Adviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| **Domestic Equity** | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Contrafund<sup>SM</sup>—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc.*<br>| 0.56% | 21.48% | 15.36% | 15.78% |
|  | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Equity-Income<sup>SM</sup>—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc.*<br>| 0.47% | 19.02% | 12.51% | 11.60% |
|  | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Growth—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc.*<br>| 0.56% | 14.90% | 13.70% | 17.45% |
|  | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Index 500—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc. Sub-Adviser: Geode Capital Management, LLC*<br>| 0.09% | 17.78% | 14.31% | 14.70% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT Growth—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.72% | 12.19% | 11.10% | 15.60% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT II Core Equity—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.79% | 12.50% | 11.52% | 13.81% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT Investors Trust—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.74% | 13.57% | 11.33% | 12.49% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT Research—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.79% | 12.85% | 11.15% | 12.93% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT Utilities—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.79% | 15.01% | 7.64% | 9.49% |
| **Fixed Income** | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP High Income—Initial Class\*<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc.*<br>| 0.81% | 10.36% | 4.22% | 5.59% |
|  | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Investment Grade Bond—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: Fidelity Investments Money Management, Inc.*<br>| 0.38% | 7.22% | 0.06% | 2.71% |
| **International** <br> **Equity**<br>| &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Overseas—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc.*<br>| 0.73% | 20.39% | 6.62% | 7.93% |
| **Money Market** | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Government Money Market—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: Fidelity Investments Money Management, Inc.*<br>| 0.25% | 3.86% | 3.04% | 2.00% |
| **Multi Asset** | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Asset Manager70% Portfolio<sup>®</sup>—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc. Sub-Adviser: Fidelity Investments Money Management, Inc.*<br>| 0.63% | 18.24% | 7.63% | 8.87% |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | &nbsp;&nbsp; **Fund – Share Class**<br> **Adviser/Sub-Adviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Type** | &nbsp;&nbsp; **Fund – Share Class**<br> **Adviser/Sub-Adviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
|  | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Asset Manager 50% Portfolio<sup>SM</sup>—Initial Class<br> *Adviser: Fidelity Management & Research Company*<br> *Sub-Adviser: FMR Co., Inc. Sub-Adviser: Fidelity Investments Money Management, Inc.*<br>| 0.52% | 14.98% | 5.67% | 7.13% |
|  | &nbsp;&nbsp; MFS<sup>®</sup> VIT Total Return—Initial Class\*<br> *Adviser: Massachusetts Financial Services Company*<br>| 0.61% | 11.16% | 6.42% | 7.63% |

---

\*

This Fund is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. See the Fund prospectus for additional information.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**For Life Consumer Portal and**<br> **eDelivery, or to view and Print**<br> **Policy or Fund prospectuses**<br> **visit us at**<br> **www.corebridgefinancial.com/lifeportal**<br>

The Statement of Additional Information (SAI) contains additional information about the Policy, the Company, and the Separate Account, including financial statements. The SAI is dated the same date as this prospectus, and the SAI is incorporated by reference into this prospectus. You may request a free copy of the SAI by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mailing: VUL Administration, P.O. Box 818016, Cleveland, Ohio 44181

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calling: 1-800-340-2765. You may also obtain the SAI from

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Visiting: <u>www.corebridgefinancial.com/lifeportal</u> 

You may also obtain the SAI from the insurance representative through which you purchased your Policy.

Additional information about the Policies, including personalized illustrations of death benefits, cash surrender values, and cash values, is available upon request to the same address or phone number printed above. You may also submit inquiries about the Policy to the same address or phone number printed above.

You may also obtain reports and other information about the Separate Account on the SEC's website at <u>www.sec.gov</u>, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

*© 2025 Corebridge Financial, Inc. All Rights Reserved*

EDGAR Contract Identifier: C000217273

------

**AMERICAN GENERAL LIFE INSURANCE COMPANY** <br>**SEPARATE ACCOUNT VL-R** 

**EQUIBUILDER III POLICIES** 

**FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICIES** 

**ISSUED BY** 

**AMERICAN GENERAL LIFE INSURANCE COMPANY** 

**Administrative Center:** <br>**VUL Administration Department** <br>**P.O. Box 818016** <br>**Cleveland, Ohio 44181** 

**Telephone: 1-800-340-2765** 

------

**STATEMENT OF ADDITIONAL INFORMATION**

------

**DATED May 1, 2026** 

This Statement of Additional Information ("SAI") is not a prospectus. It should be read in conjunction with the prospectus for American General Life Insurance Company Separate Account VL-R (the "Separate Account" or "Separate Account VL-R") dated May 1, 2026 describing the EquiBuilder III flexible premium variable universal life insurance policies (the "Policy" or "Policies").

The prospectus sets forth information that a prospective investor should know before investing. For a copy of the prospectus, and any prospectus supplements, contact American General Life Insurance Company ("AGL" or "Company") at the address or telephone numbers given above. You may also visit <u>www</u><u>.</u><u>corebridgefinancial.com/AGVUL</u>.

Each term used in this SAI that is defined in the related prospectus has the same meaning as the prospectus's definition. AGL no longer sells these Policies.

------

**Table of Contents** <br>

---

| | |
|:---|:---|
| <u>[GENERAL INFORMATION](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_1)</u> | 3 |
| <u>[AGL](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_1)</u> | 3 |
| <u>[Separate Account Consolidation](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_1)</u> | 3 |
| <u>[Separate Account VL-R](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_1)</u> | 3 |
| <u>[American Home Assurance Company](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_1)</u> | 3 |
| <u>[NON-PRINCIPAL RISKS OF INVESTING IN THE POLICY](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[Mixed and Shared Funding Risk](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[Other Non-Principal Risks](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[CUSTODIAN](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[MORE INFORMATION ON LAPSE OF THE POLICY](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[DISTRIBUTION OF THE POLICIES](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_2)</u> | 4 |
| <u>[ADDITIONAL INFORMATION](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_3)</u> | 5 |
| <u>[Cost of insurance rates](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_3)</u> | 5 |
| <u>[Limits on AGL's Right to Challenge a Policy](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_3)</u> | 5 |
| <u>[Special Purchase Plans](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_3)</u> | 5 |
| <u>[Underwriting Procedures and Cost of Insurance Charges](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_3)</u> | 5 |
| <u>[Dividends](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_4)</u> | 6 |
| <u>[ACTUARIAL EXPERT](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_4)</u> | 6 |
| <u>[FINANCIAL STATEMENTS](#xx_6f9102a1-12e9-45d5-a3ed-5047dbb14acf_4)</u> | 6 |

---

------

**GENERAL INFORMATION**

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**AGL**

American General Life Insurance Company ("AGL" or the "Company") is a stock life insurance company organized under the laws of the State of Texas on April 11, 1960. AGL is an indirect, wholly owned subsidiary of Corebridge Financial, Inc. ("Corebridge"). On March 26, 2026, Corebridge and Equitable Holdings, Inc., announced that they entered into a definitive agreement to combine in an all-stock merger. Under the terms of the merger agreement, both companies will become wholly owned subsidiaries of a newly formed holding company, which will be renamed "Equitable Holdings, Inc." upon the closing of the transaction. The transaction is expected to close by year-end 2026, subject to certain regulatory approvals and other customary closing conditions. Upon completion of the transaction, AGL will be an indirect wholly owned subsidiary of the new Equitable Holdings, Inc. AGL offers individual term and universal life insurance, as well as fixed, variable and registered index-linked annuities in all states except in New York.

**Separate Account Consolidation**

Effective after the close of business on November 29, 2019, AGL consolidated Separate Account VUL-2 with Separate Account VL-R, with Separate Account VL-R being the surviving Separate Account after such consolidation (the "Consolidation").

The Consolidation did not affect the terms of, or the rights and obligations under your Policy, other than to reflect the change to the name of the separate account. The number of units and the accumulation values for the variable investment divisions in which you invest, and the variable investment divisions available under the Policy did not change as a result of the Consolidation. Your accumulation value immediately after the Consolidation was the same as the value immediately before the Consolidation. The Consolidation did not result in any adverse tax consequences for any Policy Owners. Until we amend all forms related to the Policies, some forms may still refer to the prior name of the separate account.

The purpose of the Consolidation was to reduce the ongoing administrative costs, independent accountant fees, and inefficiencies associated with maintaining multiple Separate Accounts, each with its own recordkeeping and reporting requirements.

**Separate Account VL-R**

We hold the Fund shares in which any of your accumulation value is invested in Separate Account VL-R. The Company established Separate Account VL-R under the laws of the State of Texas on May 6, 1997. Separate Account VL-R is registered as a unit investment trust with the SEC under the Investment Company Act of 1940 (the "1940 Act"). The Policies were previously issued through AGL Separate Account VUL-2. Prior to December 31, 2002, Separate Account VUL-2 was a separate account of American Franklin, created on April 9, 1991 under Illinois insurance law. On December 31, 2002, and in conjunction with the merger of AGL and American Franklin, Separate Account VUL-2 became a separate account of AGL under Texas law. Effective after the close of business November 29, 2019, AGL Separate Account VUL-2 was consolidated into Separate Account VL-R.

For record keeping and financial reporting purposes, Separate Account VL-R is divided into 150 separate "divisions," 16 of which correspond to the 16 variable "investment options" under the Policy. The remaining 134 divisions, and all of these 16 divisions, represent variable investment options available under other variable universal life policies we offer. We hold the Fund shares in which we invest your accumulation value for an investment option in the division that corresponds to that investment option. One or more of the Funds may sell its shares to other funds.

The assets in Separate Account VL-R are our property. The assets in the Separate Account may not be used to pay any liabilities of AGL other than those arising from the Policies. AGL is obligated to pay all amounts under the Policies due the Policy Owners. We act as custodian for the Separate Account's assets.

**American Home Assurance Company**

All references in this SAI to American Home Assurance Company ("American Home") apply only to Policies with a date of issue prior to December 29, 2006 at 4:00 p.m. Eastern time.

American Home is a stock property-casualty insurance company incorporated under the laws of the State of New York on February 7, 1899. American Home's principal executive office is located at 1271 Avenue of the Americas FL 37, New York, NY 10020-1304. American Home is licensed in all 50 states of the United States and the District of Columbia, as well as certain

------

foreign jurisdictions, and engages in a broad range of insurance and reinsurance activities. American Home is an indirect wholly-owned subsidiary of American International Group, Inc.

Guarantees for Policies issued prior to the Consolidation will continue after the Consolidation. As a result, the Consolidation of Separate Account VUL-2 into Separate Account VL-R will not impact the insurance obligations under the Guarantee.

------

**NON-PRINCIPAL RISKS OF INVESTING IN THE POLICY**

------

**Mixed and Shared Funding Risk.** We are required to track events to identify any material conflicts from using investment portfolios for both variable universal life and variable annuity separate accounts. The boards of the Funds, AGL, and other insurance companies participating in the Funds have this same duty. There may be a material conflict if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• state insurance law or federal income tax law changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment management of an investment portfolio changes; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• voting instructions given by owners of variable universal life insurance policies and variable annuity contracts differ.

The investment portfolios may sell shares to certain qualified pension and retirement plans qualifying under Code Section 401. These include cash or deferred arrangements under Code Section 401(k). One or more of the investment portfolios may sell its shares to other investment portfolios. Therefore, there is a possibility that a material conflict may arise between the interests of owners in general, or certain classes of owners, and these retirement plans or participants in these retirement plans.

If there is a material conflict, we have the duty to determine appropriate action, including removing the portfolios involved from our variable investment options. We may take other action to protect Policy owners. This could mean delays or interruptions of the variable operations.

When state insurance regulatory authorities require us, we may ignore instructions relating to changes in an investment portfolio's adviser or its investment policies. If we do ignore voting instructions, we give you a summary of our actions in the next semi-annual report to owners.

**Other Non-Principal Risks.** All other non-principal risks of investing in the Policy are disclosed in the prospectus.

------

**CUSTODIAN**

------

AGL acts as custodian of the Separate Account. AGL has custody of all assets and cash of the Separate Account and handles the collection of proceeds of shares of the Funds bought and sold by the Separate Account.

------

**MORE INFORMATION ON LAPSE OF THE POLICY**

------

A Policy which has lapsed may have tax consequences, even though you may be able to reinstate that Policy. For tax purposes, some reinstatements may be treated as the purchase of a new insurance contract.

If your Policy lapses, you will not be able to take any loans or surrenders from your Policy unless you make a full surrender (subject to applicable surrender charges). You will also not be permitted to transfer Policy Account value between investment divisions while your Policy is in lapse.

------

**DISTRIBUTION OF THE POLICIES**

------

The Policies are offered on a continuous basis through Corebridge Capital Services, Inc. ("CCS"), located at 30 Hudson Street, 16<sup>th</sup> floor, Jersey City, NJ 07302. CCS is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority ("FINRA"). CCS is an indirect, wholly owned subsidiary of AGL. No underwriting fees are paid in connection with the distribution of the Policies.

------

**ADDITIONAL INFORMATION**

------

The purpose of this section is to provide you with information to help clarify certain discussion found in the related prospectus. Many topics, such as Policy sales loads and increases in your Policy's death benefit, have been fully described in the related prospectus. For any topics that we do not discuss in this SAI, please see the related prospectus.

**Cost of insurance rates.** Because of specified amount increases, different cost of insurance rates may apply to different increments of specified amount under your Policy. If so, we attribute your accumulation value proportionately to each increment of specified amount to compute our net amount at risk.

**Limits on AGL's Right to Challenge a Policy**

We can challenge the validity of an insurance Policy (based on material misstatements in the application or, with respect to any Policy change, in the application for the change) if it appears that the Insured Person is not actually covered by the Policy under our rules. However, there are some limits on how and when we can challenge the Policy.

Except on the basis of fraud, we cannot challenge the Policy after it has been in effect, during the Insured Person's lifetime, for two years from the date the Policy was issued or reinstated. (Some states may require this time to be measured in some other way.)

Except on the basis of fraud, we cannot challenge any Policy change that requires evidence of insurability (such as an increase in Face Amount) after the change has been in effect for two years during the Insured Person's lifetime.

We can challenge at any time an additional benefit that provides benefits to the Insured Person in the event that the Insured Person becomes totally disabled. We can also require proof of continuing disability.

If the Insured Person dies within the time that the validity of the Policy may be challenged, we may delay payment until we decide whether to challenge the Policy.

If the Insured Person's age or sex is misstated on any application, we can provide the death benefit and any additional benefits that would have been purchased by the most recent deduction for the cost of insurance and the cost of any additional benefits at the Insured Person's correct age and sex.

If the Insured Person commits suicide within two years after the date on which the Policy was issued or reinstated, we will limit the proceeds payable to the total of all premiums that you paid to the time of death minus the amount of any outstanding Policy loan and loan interest and minus any partial withdrawals of net cash surrender value. If the Insured Person commits suicide within two years after the effective date of an increase in death benefit that you requested, we will pay the death benefit which was in effect before the increase, plus the monthly cost of insurance deductions for the increase (including the expense charge). (Some states require this time to be measured by some other date.)

**Special Purchase Plans**

Special purchase plans provide for variations in, or elimination of, certain Policy charges, and would be available to a defined group of individuals. We currently do not provide for or support any special purchase plans.

**Underwriting Procedures and Cost of Insurance Charges**

Cost of insurance charges for the Policies will not be the same for all Policy Owners. The chief reason is that the principle of pooling and distribution of mortality risks is based upon the assumption that each Policy Owner pays a cost of insurance charge related to the Insured Person's mortality risk which is actuarially determined based upon factors such as age, sex and risk class of the Insured Person and the face amount size band of the Policy. In the context of life insurance, a uniform mortality charge (the "cost of insurance charge") for all Insured Persons would discriminate unfairly in favor of those Insured Persons representing greater mortality risks to the disadvantage of those representing lesser risks. Accordingly, although there will be a uniform "public offering price" for all Policy Owners, because premiums are flexible and amounts allocated to the Separate Account will be subject to some charges that are the same for all owners, there will be a different "price" for each actuarial category of Policy Owners because different cost of insurance rates will apply. The "price" will also vary based on net amount at risk. The Policies will be offered and sold pursuant to this cost of insurance schedule and our underwriting standards and in accordance with state insurance laws. Such laws prohibit unfair discrimination among Insured Persons but recognize that premiums must be based upon factors such as age, sex, health and occupation. A table showing the maximum cost of insurance charges will be delivered as part of the Policy.

------

Our underwriting procedures are designed to treat applicants for Policies in a uniform manner. Collection of required medical information is conducted in a confidential manner. We maintain underwriting standards designed to avoid unfair or inconsistent decisions about which underwriting class should apply to a particular proposed insured person. In some group or employment-related situations, we may offer what we call simplified or guaranteed issue underwriting classes. These underwriting classes provide for brief or no medical underwriting. Our offer to insure a person under either class results in cost of insurance charges that are the same for each insured person.

**Employee Benefit Plans**

Employers and employee organizations should consider, in consultation with counsel, the impact of Title VII of the Civil Rights Act of 1964 on the purchase of Policies in connection with an employment-related insurance or benefit plan. The United States Supreme Court held, in a 1983 decision, that, under Title VII, optional annuity benefits under a deferred compensation plan could not vary on the basis of sex. We did not design the Policies for use in connection with qualified plans or trusts under federal tax laws.

**Dividends**

We pay no dividends on the Policies offered by this Prospectus.

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**ACTUARIAL EXPERT**

------

Actuarial matters have been examined by Dongliang Zhou, who is Chief Pricing Actuary for AGL. An opinion on actuarial matters is filed as an exhibit to the registration statement we have filed with the SEC in connection with the Policies.

------

**FINANCIAL STATEMENTS**

------

PricewaterhouseCoopers LLP, located at 300 Madison Avenue New York, New York 10017, serves as the independent registered public accounting firm for the Separate Account VL-R, AGL, and American Home.

You may obtain a free copy of the financial statements if you write us at our VUL Administration Department or call us at 1-800-340-2765. The financial statements have also been filed with the SEC and can be obtained through its website at <u>www</u><u>.</u><u>sec.gov</u>.

The following financial statements incorporated by reference within the SAI included on the most recent Form [<u>N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/1051485/000119312526166518/d53429dnvpfs.htm) filed with the SEC have been so incorporated in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audited statement of assets and liabilities of Separate Account VL-R of American General Life Insurance Company as of December 31, 2025 and the related statements of operations and changes in net assets for each of the two years in the period then ended December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audited Statutory Financial Statements and Supplement Information of American General Life Insurance Company, which comprise the statutory statements of admitted assets, liabilities and capital and surplus as of December 31, 2025 and December 31, 2024, and the related statutory statements of operations, of changes in capital and surplus, and of cash flows for each of the three years in the period ended December 31, 2025.

The following financial statements incorporated by reference within the SAI included on the most recent Form [<u>N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/1051485/000119312526176902/d53429dnvpfs.htm) filed with the SEC have been so incorporated in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audited Statutory Basis Financial Statements of American Home Assurance Company, which comprise the statutory statements of admitted assets, liabilities and capital and surplus as of December 31, 2025 and December 31, 2024, and the related statutory statements of operations, and of changes in capital and surplus, and of cash flows for each of the three years in the period ended December 31, 2025.

The financial statements of AGL should be considered only as bearing on the ability of AGL to meet its obligation under the Policies.

------

You should only consider the statutory financial statements of American Home Assurance Company ("American Home") that we include in the Statement of Additional Information as bearing on the ability of American Home, as guarantor, to meet its obligations under the guarantee of insurance obligations under Policies issued prior to December 29, 2006, at 4:00 p.m. Eastern Time ("Point of Termination"). Policies with an issue date after the Point of Termination are not covered by the American Home guarantee.

------

**PART C: OTHER INFORMATION** 

**Item 30. *Exhibits*** 

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **No.**<br>| **Description** | **Location** |
| (a) | Board of Directors Resolution. |  |
| (1) | &nbsp;&nbsp; [<u>Resolutions of Board of Directors of</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-97-000207.txt)<br> [<u>American General Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-97-000207.txt)<br> [<u>authorizing the establishment of Separate</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-97-000207.txt)<br> [<u>Account VL-R.</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-97-000207.txt)<br>| &nbsp;&nbsp; Incorporated by reference to initial filing of Form S-6 <br> Registration Statement (File No. 333-42567) of <br> American General Life Insurance Company Separate <br> Account VL-R filed on December 18, 1997.<br>|
| (2) | &nbsp;&nbsp; [<u>Resolution of the Board of Directors of</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dex99a2.txt)<br> [<u>American General Life Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dex99a2.txt)<br>[<u>Company authorizing the consolidation of the</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dn6a.txt)<br> [<u>Separate Account</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dn6a.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Pre-Effective Amendment <br> No. 1 to Form N-6 Registration Statement (File <br> No. 333-234480) of American General Life Insurance <br> Company Separate Account VL-R filed on December 2, <br> &nbsp;&nbsp;&nbsp;&nbsp;2019.<br>|
| (b) | Custodian Agreements. | Inapplicable |
| (c) | Underwriting Contracts. |  |
| (1) | &nbsp;&nbsp; [<u>Distribution Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/89031/000089924302002829/dex3aii.txt)<br> [<u>General Equity Services Corporation,</u>](http://www.sec.gov/Archives/edgar/data/89031/000089924302002829/dex3aii.txt)<br> [<u>effective October 1, 2002.</u>](http://www.sec.gov/Archives/edgar/data/89031/000089924302002829/dex3aii.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-4 Registration Statement (File <br> No. 333-40637) of American General Life Insurance <br> Company Separate Account D filed on November 8, 2002.<br>|
| (2) | [<u>Form of Selling Group Agreement.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99c2.txt) | &nbsp;&nbsp; Incorporated by reference to initial filing of Form N-6 <br> Registration Statement (File No. 333-102299) of <br> American General Life Insurance Company Separate <br> Account VUL-2 filed on December 31, 2002.<br>|
| (3) | Schedule of Commissions | &nbsp;&nbsp; Incorporated by reference from the text included under <br> the heading "Distribution of the Policies" in the <br> Statement of Additional Information that is filed as part <br> of this Registration Statement.<br>|
| (4) | &nbsp;&nbsp; [<u>Distribution Agreement with AIG Capital</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99c2.htm)<br> [<u>Services, Inc. now known as Corebridge</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99c2.htm)<br> [<u>Capital Services, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99c2.htm)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2019.<br>|
| (d) | Contracts. |  |
| (1) | &nbsp;&nbsp; [<u>Specimen form of EquiBuilderTM III Flexible</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>Premium Life Insurance Policy (Policy Form</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>No. T1735).</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (2) | &nbsp;&nbsp; [<u>Specimen form of Accidental Death Benefit</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>Rider.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (3) | [<u>Specimen form of Term Insurance Rider.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt) | &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (4) | &nbsp;&nbsp; [<u>Specimen form of Children's Term Insurance</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>Rider.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (5) | &nbsp;&nbsp; [<u>Specimen form of Disability Rider - Waiver</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>of Monthly Deductions.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (6) | &nbsp;&nbsp; [<u>Specimen form of Accelerated Benefit</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-98-007841.txt)<br> [<u>Settlement Option Rider.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-98-007841.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed on February 27, <br> &nbsp;&nbsp;&nbsp;&nbsp;1998.<br>|

---

------

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **No.**<br>| **Description** | **Location** |
| (7) | &nbsp;&nbsp; [<u>Specimen form of Endorsement to</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>EquiBuilder III Flexible Premium Life</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>Insurance Policy when issued to a Policy</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br> [<u>Owner in the State of Texas.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-99-017330.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 30, 1999.<br>|
| (8) | [<u>Assumption Certificate.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99d8.txt) | &nbsp;&nbsp; Incorporated by reference to initial filing of Form N-6 <br> Registration Statement (File No. 333-102299) of <br> American General Life Insurance Company Separate <br> Account VUL-2 filed on December 31, 2002.<br>|
| (e) | Applications. |  |
| (1) | &nbsp;&nbsp; [<u>Specimen form of Application for</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-98-007841.txt)<br> [<u>EquiBuilder III Policy.</u>](http://www.sec.gov/Archives/edgar/data/877625/0001047469-98-007841.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed on February 27, <br> &nbsp;&nbsp;&nbsp;&nbsp;1998.<br>|
| (2) | [<u>Specimen form of Supplemental Application.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302001161/dex9910b.txt) | &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 15 to Form S-6 Registration Statement (File <br> No. 033-41838) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed on April 18, <br> &nbsp;&nbsp;&nbsp;&nbsp;2002.<br>|
| (3) | &nbsp;&nbsp; [<u>Specimen form of Individual Life Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e1.txt)<br> [<u>Application Single Insured - Part A, Form</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e1.txt)<br> [<u>No. ICC15-108087 rev0218.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e1.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2019.<br>|
| (4) | &nbsp;&nbsp; [<u>Specimen form of amended Life Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312517148039/d333087dex99e2.txt)<br> [<u>Application - Part B (Medical History),</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312517148039/d333087dex99e2.txt)<br> [<u>Form No. ICC15-108088 rev0516.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312517148039/d333087dex99e2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 3 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 28, 2017.<br>|
| (5) | &nbsp;&nbsp; [<u>Specimen form of New Business</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e11.txt)<br> [<u>Supplemental Application for Individual Life</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e11.txt)<br> [<u>Insurance, Form No. ICC17-111268.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519128431/d704607dex99e11.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2019.<br>|
| (f) | &nbsp;&nbsp; Depositor's Certificate of Incorporation and <br> By-Laws.<br>|  |
| (1) | &nbsp;&nbsp; [<u>Articles of Incorporation and all</u>](http://www.sec.gov/Archives/edgar/data/5108/000119312524040282/d761268dex3i.htm)<br> [<u>Amendments for American General Life</u>](http://www.sec.gov/Archives/edgar/data/5108/000119312524040282/d761268dex3i.htm)<br> [<u>Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/5108/000119312524040282/d761268dex3i.htm)<br>| &nbsp;&nbsp; Incorporated by reference to Initial Registration <br> Statement on Form S-1, filed on February 21, 2024, <br> Accession No. 0001193125-24-040282.<br>|
| (2) | &nbsp;&nbsp; [<u>By-Laws of American General Life Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505165474/dex99f3.txt)<br> [<u>Company, restated as of June 8, 2005.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505165474/dex99f3.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 11 to Form N-6 (File No. 333-43264) of American <br> General Life Insurance Company Separate Account VL-R <br> filed on August 12, 2005.<br>|
| (g) | Reinsurance Contracts. |  |
| (1) | &nbsp;&nbsp; [<u>Form of Reinsurance Agreement with</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g1.txt)<br> [<u>General & Cologne Life Re of America.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g1.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (2) | &nbsp;&nbsp; [<u>Form of Reinsurance Agreement with</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g2.txt)<br> [<u>Munich American Reassurance Company.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (3) | &nbsp;&nbsp; [<u>Form of Reinsurance Agreement with RGA</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g3.txt)<br> [<u>Reinsurance Company.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g3.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (4) | &nbsp;&nbsp; [<u>Form of Reinsurance Agreement with Swiss</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g4.txt)<br> [<u>Re Life & Health America, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99g4.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|

---

------

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **No.**<br>| **Description** | **Location** |
| (5) | &nbsp;&nbsp; [<u>Automatic and Facultative Reinsurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99g5.txt)<br> [<u>Agreement with Generali USA Life</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99g5.txt)<br> [<u>Reinsurance Company.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99g5.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 6 to Form N-6 Registration Statement (File <br> No. 333-151576) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2014.<br>|
| (h) | Participation Agreements. |  |
| (1)(a) | &nbsp;&nbsp; [<u>Amended and Restated Participation</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312513185929/d489950dex99h8c.txt)<br> [<u>Agreement with Fidelity Variable Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312513185929/d489950dex99h8c.txt)<br> [<u>Products Funds dated April 27, 2012.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312513185929/d489950dex99h8c.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form N-6 Registration Statement (File <br> No. 333-151576) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2013.<br>|
| (1)(b) | &nbsp;&nbsp; [<u>Form of Amended and Restated Service</u>](http://www.sec.gov/Archives/edgar/data/803466/000119312512519304/d419443dex99h5b.txt)<br> [<u>Contract with Fidelity Variable Insurance</u>](http://www.sec.gov/Archives/edgar/data/803466/000119312512519304/d419443dex99h5b.txt)<br> [<u>Products Funds effective May 1, 2012.</u>](http://www.sec.gov/Archives/edgar/data/803466/000119312512519304/d419443dex99h5b.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Form N-6 Registration <br> Statement (File No. 333-185761) of American General <br> Life Insurance Company Separate Account II filed on <br> January 2, 2013.<br>|
| (1)(c) | &nbsp;&nbsp; [<u>Form of Service Agreement with Fidelity</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0014.txt)<br> [<u>Investments Institutional Operations</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0014.txt)<br> [<u>Company, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0014.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 2 to Form S-6 Registration Statement (File <br> No. 333-80191) of American General Life Insurance <br> Company Separate Account VL-R filed on September 20, <br> &nbsp;&nbsp;&nbsp;&nbsp;2000.<br>|
| (2)(a) | &nbsp;&nbsp; [<u>Form of Participation Agreement with MFS</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-98-000081.txt)<br> [<u>Variable Insurance Trust.</u>](http://www.sec.gov/Archives/edgar/data/1051485/0000904456-98-000081.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Pre-Effective Amendment <br> No. 1 to Form S-6 Registration Statement (File <br> No. 333-42567) of American General Life Insurance <br> Company Separate Account VL-R filed on March 23, <br> &nbsp;&nbsp;&nbsp;&nbsp;1998.<br>|
| (2)(b) | &nbsp;&nbsp; [<u>Form of Amendment No. 5 to Participation</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0003.txt)<br> [<u>Agreement with MFS Variable Insurance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0003.txt)<br> [<u>Trust.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000089924300002107/0000899243-00-002107-0003.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 2 to Form S-6 Registration Statement (File <br> No. 333-80191) of American General Life Insurance <br> Company Separate Account VL-R filed on September 20, <br> &nbsp;&nbsp;&nbsp;&nbsp;2000.<br>|
| (2)(c) | &nbsp;&nbsp; [<u>Form of Amendment No. 8 to Participation</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99h5c.txt)<br> [<u>Agreement with MFS Variable Insurance</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99h5c.txt)<br> [<u>Trust.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99h5c.txt)<br>| &nbsp;&nbsp; Incorporated by reference to initial filing of Form N-6 <br> Registration Statement (File No. 333-102299) of <br> American General Life Insurance Company Separate <br> Account VUL-2 filed on December 31, 2002.<br>|
| (2)(d) | &nbsp;&nbsp; [<u>Form of Letter Agreement with MFS</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h12d.txt)<br> [<u>Variable Insurance Trust dated</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h12d.txt)<br> [<u>December 19, 2005.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h12d.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (3)(a) | &nbsp;&nbsp; [<u>Form of SEC Rule 22c-2 Information</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h47a.txt)<br> [<u>Sharing Agreement with Fidelity.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h47a.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (4)(a) | &nbsp;&nbsp; [<u>Form of SEC Rule 22c-2 Information</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h51a.txt)<br> [<u>Sharing Agreement with MFS.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312507097072/dex99h51a.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 7 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 1, 2007.<br>|
| (5)(a) | &nbsp;&nbsp; [<u>Form of Consent to Assignment of Fund</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99h65a.txt)<br> [<u>Participation and other Agreements with</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99h65a.txt)<br> [<u>regard to the change in distributor for the</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99h65a.txt)<br> [<u>products to AIG Capital Services, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99h65a.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 6 to Form N-6 Registration Statement (File <br> No. 333-151576) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2014.<br>|
| (i) | Administrative Contracts. |  |
| (1)(a) | &nbsp;&nbsp; [<u>Form of Service and Expense Agreement</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2a.txt)<br> [<u>dated February 1, 1974 with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2a.txt)<br> [<u>International Group, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2a.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|
| (1)(b) | &nbsp;&nbsp; [<u>Form of Addendum No. 1 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2b.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2b.txt)<br> [<u>International Group, Inc. dated May 21,</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2b.txt)<br> &nbsp;&nbsp;&nbsp;&nbsp;[<u>1975.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2b.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|

---

------

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **No.**<br>| **Description** | **Location** |
| (1)(c) | &nbsp;&nbsp; [<u>Form of Addendum No. 2 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2c.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2c.txt)<br> [<u>International Group, Inc. dated</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2c.txt)<br> [<u>September 23, 1975.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2c.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|
| (1)(d) | &nbsp;&nbsp; [<u>Form of Addendum No. 24 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2d.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2d.txt)<br> [<u>International Group, Inc. dated December 30,</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2d.txt)<br> &nbsp;&nbsp;&nbsp;&nbsp;[<u>1998.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2d.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|
| (1)(e) | &nbsp;&nbsp; [<u>Form of Addendum No. 28 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2e.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2e.txt)<br> [<u>International Group, Inc. effective January 1,</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2e.txt)<br> &nbsp;&nbsp;&nbsp;&nbsp;[<u>2002.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2e.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|
| (1)(f) | &nbsp;&nbsp; [<u>Form of Addendum No. 30 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2f.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2f.txt)<br> [<u>International Group, Inc. effective January 1,</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2f.txt)<br> &nbsp;&nbsp;&nbsp;&nbsp;[<u>2002.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312504076060/dex99i2f.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 8 to Form N-6 Registration Statement (File <br> No. 333-43264) of American General Life Insurance <br> Company Separate Account VL-R filed on May 3, 2004.<br>|
| (1)(g) | &nbsp;&nbsp; [<u>Form of Addendum No. 32 to Service and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505091465/dex99i2g.txt)<br> [<u>Expense Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505091465/dex99i2g.txt)<br> [<u>International Group, Inc. effective May 1,</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505091465/dex99i2g.txt)<br> &nbsp;&nbsp;&nbsp;&nbsp;[<u>2004.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505091465/dex99i2g.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 1 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account VL-R filed on May 2, 2005.<br>|
| (1)(h) | &nbsp;&nbsp; [<u>Specimen form of Addendum No. 45 to</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312518143433/d514555dex99i1h.txt)<br> [<u>Service and Expense Agreement with</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312518143433/d514555dex99i1h.txt)<br> [<u>American International Group, Inc. dated</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312518143433/d514555dex99i1h.txt)<br> [<u>October 1, 2017.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312518143433/d514555dex99i1h.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 4 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2018.<br>|
| (j) | Other Material Contracts. |  |
| (1) | &nbsp;&nbsp; [<u>General Guarantee Agreement from</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505165474/dex99j1.txt)<br> [<u>American Home Assurance Company.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312505165474/dex99j1.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 11 to Form N-6 (File No. 333-43264) of American <br> General Life Insurance Company Separate Account VL-R <br> filed on August 12, 2005.<br>|
| (2) | &nbsp;&nbsp; [<u>Notice of Termination of Guarantee as</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312506250764/dex99j2.txt)<br> [<u>Published in the Wall Street Journal on</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312506250764/dex99j2.txt)<br> [<u>November 24, 2006.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312506250764/dex99j2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 6 to Form N-6 Registration Statement (File <br> No. 333-118318) of American General Life Insurance <br> Company Separate Account AGL VL-R filed on <br> December 12, 2006.<br>|
| (3) | &nbsp;&nbsp; [<u>Amended and Restated Unconditional Capital</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99j1.txt)<br> [<u>Maintenance Agreement with American</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99j1.txt)<br> [<u>International Group, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312514172772/d688648dex99j1.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 6 to Form N-6 Registration Statement (File <br> No. 333-151576) of American General Life Insurance <br> Company Separate Account VL-R filed on April 30, 2014.<br>|
| (4) | &nbsp;&nbsp; [<u>Termination Agreement of the Amended and</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312516568511/d125875dex99j2.txt)<br> [<u>Restated Unconditional Capital Maintenance</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312516568511/d125875dex99j2.txt)<br> [<u>Agreement with American International</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312516568511/d125875dex99j2.txt)<br> [<u>Group, Inc.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312516568511/d125875dex99j2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 2 to Form N-6 Registration Statement (File <br> No. 333-196172) of American General Life Insurance <br> Company Separate Account VL-R filed on April 29, 2016.<br>|
| (k) | Legal Opinions. |  |
| (1) | [<u>Opinion and Consent of Depositor.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99k1.txt) | &nbsp;&nbsp; Incorporated by reference to initial filing of Form N-6 <br> Registration Statement (File No. 333-102299) of <br> American General Life Insurance Company Separate <br> Account VUL-2 filed on December 31, 2002.<br>|
| (2) | &nbsp;&nbsp; [<u>Opinion and Consent of Counsel to American</u>](http://www.sec.gov/Archives/edgar/data/877625/000119312505206497/dex99k2.txt)<br> [<u>Home Assurance Company.</u>](http://www.sec.gov/Archives/edgar/data/877625/000119312505206497/dex99k2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 5 to Form N-6 (File No. 333-102299) of American <br> General Life Insurance Company Separate Account <br> VUL-2 filed on October 24, 2005.<br>|
| (3) | &nbsp;&nbsp; [<u>Opinion of Counsel and Consent of</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dex99k2.txt)<br> [<u>Depositor.</u>](http://www.sec.gov/Archives/edgar/data/1051485/000119312519303572/d792352dex99k2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Pre-Effective Amendment <br> No. 1 to Form N-6 Registration Statement (File <br> No. 333-234480) of American General Life Insurance <br> Company Separate Account VL-R filed on December 2, <br> &nbsp;&nbsp;&nbsp;&nbsp;2019.<br>|
| (l) | Actuarial Opinions. |  |

---

------

---

| | | |
|:---|:---|:---|
| **Exhibit** <br> **No.**<br>| **Description** | **Location** |
| (1) | &nbsp;&nbsp; [<u>Opinion of Robert M. Beuerlein Senior Vice</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924300000979/0000899243-00-000979.txt)<br> [<u>President - Actuarial/Financial.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924300000979/0000899243-00-000979.txt)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 9 to Form S-6 Registration Statement (File <br> No. 033-77470) of The American Franklin Life Insurance <br> Company Separate Account VUL-2 filed April 28, 2000.<br>|
| (2) | &nbsp;&nbsp; [<u>Opinion and Consent of American General</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99l2.txt)<br> [<u>Life Insurance Company's actuary.</u>](http://www.sec.gov/Archives/edgar/data/877625/000089924302003268/dex99l2.txt)<br>| &nbsp;&nbsp; Incorporated by reference to initial filing of Form N-6 <br> Registration Statement (File No. 333-102299) of <br> American General Life Insurance Company Separate <br> Account VUL-2 filed on December 31, 2002.<br>|
| (m) | Calculation. |  |
| (n) | Other Opinions. |  |
| (1) | &nbsp;&nbsp; [<u>Consents of Independent Registered Public</u>](d46341dex99n1.htm)<br> [<u>Accounting Firm</u>](d46341dex99n1.htm)<br>| Filed herewith |
| (o) | Omitted Financial Statements. |  |
| (p) | Initial Capital Agreements. |  |
| (q) | Redeemability Exemption. |  |
| (1) | &nbsp;&nbsp; [<u>Description of American General Life</u>](d46341dex99q1.htm)<br> [<u>Insurance Company's Issuance, Transfer and</u>](d46341dex99q1.htm)<br> [<u>Redemption Procedures for EquiBuilder II</u>](d46341dex99q1.htm)<br> [<u>and III Policies Pursuant to</u>](d46341dex99q1.htm)<br> [<u>Rule 6e-3(T)(b)(12)(iii) under the</u>](d46341dex99q1.htm)<br> [<u>Investment Company Act of 1940 as of</u>](d46341dex99q1.htm)<br> [<u>May 1, 2026.</u>](d46341dex99q1.htm)<br>| Filed herewith |
| (r) | Form of Initial Summary Prospectuses. |  |
| (s) | Powers of Attorney. |  |
| (1) | &nbsp;&nbsp; [<u>Power of Attorney - American General Life</u>](https://www.sec.gov/Archives/edgar/data/5108/000119312525250003/d57656dex99p.htm)<br> [<u>Insurance Company.</u>](https://www.sec.gov/Archives/edgar/data/5108/000119312525250003/d57656dex99p.htm)<br>| &nbsp;&nbsp; Incorporated by reference to Post-Effective Amendment <br> No. 10 to Form N-4, File No. 333-277203, filed on <br> October 24, 2025, Accession No. 0001193125-25-25000.<br>|
| (2) | &nbsp;&nbsp; [<u>Power of Attorney - American Home</u>](d46341dex99s2.htm)<br> [<u>Assurance Company.</u>](d46341dex99s2.htm)<br>| Filed herewith |

---

------

**Item 31. *Directors and Officers of the Depositor*** 

The directors and principal officers of the Company are set forth below. The business address of each officer and director is 2727-A Allen Parkway, 3-D1, Houston, Texas 77019, unless otherwise noted.

---

| | |
|:---|:---|
| **NAMES, POSITIONS AND OFFICES HELD WITH DEPOSITOR** | **NAMES, POSITIONS AND OFFICES HELD WITH DEPOSITOR** |
| Christopher B. Smith (7) | Director, Chairman of the Board and President |
| Christopher P. Filiaggi (7) | Director, Senior Vice President and Chief Financial Officer |
| Jonathan J. Novak (1) | Director, President, Institutional Markets |
| Bryan A. Pinsky (2) | Director, President, Individual Retirement and Life Insurance |
| Lisa M. Longino (7) | Director, Executive Vice President and Chief Investment Officer |
| David Ditillo (5) | Director, Executive Vice President and Chief Information Officer |
| Emily W. Gingrich (4) | Director, Senior Vice President, Chief Actuary and Corporate <br> Illustration Actuary<br>|
| Eric G. Tarnow | Director, Senior Vice President, Head of Life Insurance |
| Terri N. Fiedler (3) | Director |
| Elizabeth B. Cropper (7) | Executive Vice President and Chief Human Resources Officer |
| John P. Byrne III (3) | President, Financial Distributor |
| Steven D. ("Doug") Caldwell, Jr. (7) | Executive Vice President and Chief Risk Officer |
| Christina M. Haley (2) | Senior Vice President, Individual Retirement Products |
| Patricia M. Schwartz (2) | Senior Vice President, Head of Valuation and Financial Reporting, <br> and Appointed Actuary<br>|
| Sai P. Raman (6) | Senior Vice President, Institutional Markets |
| Mallary L. Reznik (2) | Senior Vice President, General Counsel and Assistant Secretary |
| Jeannette N. Pina (7) | Senior Vice President, Corporate Secretary |
| Jonathan A. Gold (7) | Senior Vice President and Deputy Investment Officer |
| Brigitte K. Lenz | Vice President and Controller |
| Jennifer Powell (3) | Vice President and Chief Compliance Officer, and 38a-1 Compliance <br> Officer<br>|
| Brian O. Moon (7) | Vice President and Treasurer |
| Mersini G. Keller | Vice President and Tax Officer |
| Angel R. Ramos | Vice President and Tax Officer |
| Aimy T. Tran (2) | Vice President, Product Filing |
| Tyra G. Wheatley | Vice President, Product Filing |
| Korey L. Dalton | Vice President |
| Christopher J. Hobson (2) | Vice President |
| Jennifer N. Miller | Vice President |
| Marjorie D. Brothers (3) | Assistant Secretary |
| Alison Chen (1) | Assistant Secretary |
| William Langston (7) | Assistant Secretary |
| Angela G. Bates (4) | Anti-Money Laundering and Economic Sanctions Compliance Officer |
| Joey D. Zhou (3) | Illustration Actuary |
| Michael F. Mulligan (1) | Head of International Pension Risk Transfer |
| Ethan D. Bronsnick (7) | Head of U.S. Pension Risk Transfer and Head of Structured <br> Settlements<br>|
| Aileen V. Apuy | Manager, State Filings |
| Connie C. Merer (1) | Assistant Manager, State Filings |
| Melissa H. Cozart (3) | Privacy Officer |
| Thomas Bartolomeo | Chief Information Security Officer |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

(1) 10880 Wilshire Boulevard, Suite 1101, Los Angeles, CA 90024

(2) 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367

(3) 2919 Allen Parkway, Houston, TX 77019

(4) 1133 Avenue of the Americas, 33rd Floor, New York, NY 10036

(5) 3211 Shannon Road, Durham, NC 27707

(6) 401 Merritt 7, Norwalk, CT 06851

(7) 30 Hudson Street, Jersey City, NJ 07302

**Item 32. *Persons Controlled by or Under Common Control with the Depositor or the Registrant*** 

The Registrant is a separate account of American General Life Insurance Company ("Depositor"). The Depositor is an indirect, wholly owned subsidiary of Corebridge Financial, Inc. ("Corebridge"). An organizational chart for Corebridge can be found as [<u>Exhibit 21 in Corebridge's Form 10-K, SEC File No. 001-41504, Accession No. 0001889539-</u><u>26</u><u>-</u><u>000022</u><u>, filed on</u>](https://www.sec.gov/Archives/edgar/data/1889539/000188953926000022/q42025exhibit211.htm)[<u>February</u> <u>11</u><u>,</u> <u>2026</u>](https://www.sec.gov/Archives/edgar/data/1889539/000188953926000022/q42025exhibit211.htm). Exhibit 21 is incorporated herein by reference.

**Item 33. *Indemnification*** 

Insofar as indemnification for liability arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**AMERICAN GENERAL LIFE INSURANCE COMPANY** 

To the full extent authorized by law, the corporation shall indemnify any person made, or threatened to be made, a party to an action or proceeding, whether criminal or civil, by reason of the fact that he, his testator or intestate is or was a director or officer of the corporation or serves or served in any capacity in any other corporation at the request of the corporation. Nothing contained herein shall affect any rights to indemnification to which corporate personnel other than directors and officers may be entitled by contract or otherwise under law.

**Item 34. *Principal Underwriters*** 

(a) <u>Other Activity</u>. Registrant's principal underwriter, Corebridge Capital Services, Inc., also acts as principal underwriter for the following investment companies:

**American General Life Insurance Company** 

Variable Separate Account

Variable Annuity Account Five

Variable Annuity Account Seven

Variable Annuity Account Nine

AG Separate Account D

AGL Separate Account I of AGL

AGL Separate Account VL-R

**The United States Life Insurance Company in the City of New York** 

FS Variable Separate Account

FS Variable Annuity Account Five

USL Separate Account VL-R

USL Separate Account USL A

USL Separate Account RS

**The Variable Annuity Life Insurance Company** 

Variable Annuity Life Insurance Co Separate Account A

------

**VALIC Company I** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(b) <u>Management</u>.

The following information is provided for each director and officer of the principal underwriter.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name and Principal**<br> **Business Address\***<br>| **Positions and Offices with Underwriter**<br> **Corebridge Capital Services, Inc.**<br>|
| Christina Nasta | Director, Chairman of the Board, President and Chief Executive <br> Officer<br>|
| John P. Byrne III (1) | Director |
| Nicholas G. Intrieri | Director |
| Ryan Tapak | Director |
| Eric Taylor | Director |
| Cynthia L. Burnette (1) | Vice President, Chief Financial Officer, Chief Operations <br> Officer, Treasurer and Controller<br>|
| Michael Fortey (1) | Chief Compliance Officer |
| Jeannette N. Pina | Senior Vice President and Corporate Secretary |
| Mersini G. Keller | Vice President, Tax Officer |
| Anish Cheeran (1) | Vice President, Tax Officer |
| Angel Ramos (1) | Vice President, Tax Officer |
| Katarzyna Halasiewicz(1) | Vice President, Tax Officer |
| Mallary L. Reznik (2) | Vice President |
| Marjorie Brothers (1) | Assistant Secretary |
| Allison Chen (2) | Assistant Secretary |
| William Langston | Assistant Secretary |

---

\*

Unless otherwise indicated, the principal business address of Corebridge Capital Services, Inc. and of each of the above individuals is 30 Hudson Street, 16th Floor, Jersey City, New Jersey 07302

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Principal business address 2919 Allen Parkway, Houston, TX 77019

(2) Principal business address 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997

(c) <u>Compensation From the Registrant</u>. Corebridge Capital Services, Inc. retains no compensation or commissions from the Registrant.

**Item 35. *Location of Accounts and Records*** 

All records referenced under Section 31(a) of the 1940 Act, and Rules 31a-1 through 31a-3 thereunder, are maintained and in the custody of American General Life Insurance Company at its principal executive office located at 2727-A Allen Parkway, Houston, Texas 77019-2191.

**Item 36. *Management Services*** 

Not applicable.

**Item 37. *Fee Representation*** 

American General Life Insurance Company hereby represents that the fees and charges deducted under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and risks assumed by American General Life Insurance Company.

<u>Undertakings of the Depositor</u> 

During any time there are insurance obligations outstanding and covered by the guarantee issued by American Home Assurance Company ("American Home Guarantee Period"), filed as an exhibit to this Registration Statement (the "American Home Guarantee"), the Depositor hereby undertakes to provide notice to policy owners covered by the American Home Guarantee promptly after the happening of significant events related to the American Home Guarantee.

These significant events include: (i) termination of the American Home Guarantee that has a material adverse effect on the policy owner's rights under the American Home Guarantee; (ii) a default under the American Home Guarantee that has a material adverse effect on the policy owner's rights under the American Home Guarantee; or (iii) the insolvency of American Home Assurance Company ("American Home").

------

Depositor hereby undertakes during the American Home Guarantee Period to cause Registrant to file post-effective amendments to this Registration Statement as frequently as is necessary to ensure that the current annual audited statutory financial statements of American Home in the Registration Statement are updated to be as of a date not more than 16 months prior to the effective date of this Registration Statement, and to cause Registrant to include as an exhibit to this Registration Statement the consent of the independent registered public accounting firm of American Home regarding such financial statements.

During the American Home Guarantee Period, the Depositor hereby undertakes to include in the prospectuses to policy owners, an offer to supply the annual audited statutory financial statements of American Home, free of charge upon a policy owner's request.

As of December 29, 2006 at 4:00 p.m. Eastern Time (the "Point of Termination"), the American Home Guarantee was terminated for prospectively issued Policies. The American Home Guarantee will not cover any Policies with a date of issue later than the Point of Termination. The American Home Guarantee will continue to cover Policies with a date of issue earlier than the Point of Termination until all insurance obligations under such Policies are satisfied in full.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, American General Life Insurance Company Separate Account VL-R, certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this Registration Statement to be signed on its behalf, by the undersigned, duly authorized, in the City of Jersey City, and the State of New Jersey, on this 27<sup>th</sup> day of April, 2026.

**AGL Separate Account VL-R** <br>(Registrant)

---

| | |
|:---|:---|
| BY: | AMERICAN GENERAL LIFE INSURANCE COMPANY<br> (On behalf of the Registrant and itself)<br>|
| BY: | /s/ CHRISTOPHER FILIAGGI<br>CHRISTOPHER FILIAGGI<br> DIRECTOR, SENIOR VICE PRESIDENT AND CHIEF <br> FINANCIAL OFFICER<br>|

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| \*CHRISTOPHER B. SMITH<br>CHRISTOPHER B. SMITH<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Chairman of the Board, and President<br> (Principal Executive Officer)<br>| April 27, 2026 |
| \*CHRISTOPHER V. FILIAGGI<br>CHRISTOPHER V. FILIAGGI<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Senior Vice President, and Chief Financial <br> Officer<br> (Principal Financial Officer)<br> (Principal Accounting Officer)<br>| April 27, 2026 |
| \*TERRI N. FIEDLER<br>TERRI N. FIEDLER<br>| Director | April 27, 2026 |
| \*DAVID DITILLO<br>DAVID DITILLO<br>| Director | April 27, 2026 |
| \*LISA M. LONGINO<br>LISA M. LONGINO<br>| Director | April 27, 2026 |
| \*JONATHAN J. NOVAK<br>JONATHAN J. NOVAK<br>| Director | April 27, 2026 |
| \*BRYAN A. PINSKY<br>BRYAN A. PINSKY<br>| Director | April 27, 2026 |
| \*ERIC G. TARNOW<br>ERIC G. TARNOW<br>| Director | April 27, 2026 |
| \*EMILY W. GINGRICH<br>EMILY W. GINGRICH<br>| Director | April 27, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \*BY:/s/ TRINA SANDOVAL<br>TRINA SANDOVAL<br> Attorney-in-Fact<br> (Pursuant to Powers of <br> Attorneypreviously filed)<br>| Director | April 27, 2026 |

---

------

**SIGNATURES** 

American Home Assurance Company has caused this amended Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Wilton, and State of Connecticut, on this 27<sup>th</sup> day of April, 2026.

AMERICAN HOME ASSURANCE COMPANY <br>(Guarantor)

---

| | |
|:---|:---|
| BY: | /s/ BRIAN RUCKER<br>BRIAN RUCKER<br> SENIOR VICE PRESIDENT AND STATUTORY <br> CONTROLLER<br>|

---

This amended Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| \*BARBARA LUCK<br>BARBARA LUCK<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, President, Chief Executive Officer, and Chairman <br> of the Board of Directors<br> (Principal Executive Officer)<br>| April 27, 2026 |
| \*SHELLEY SINGH<br>SHELLEY SINGH<br>| &nbsp;&nbsp;&nbsp;&nbsp; Director, Chief Financial Officer and Senior Vice President<br> (Principal Financial Officer)<br>| April 27, 2026 |
| \*ALLISON COOPER<br>ALLISON COOPER<br>| Director | April 27, 2026 |
| \*MOHAMMAD ABU TURAB HUSSAIN<br>MOHAMMAD ABU TURAB HUSSAIN<br>| Director | April 27, 2026 |
| \*JOHN F. KLAUS<br>JOHN F. KLAUS<br>| Director | April 27, 2026 |
| \*DARREN MEYLER<br>DARREN MEYLER<br>| Director | April 27, 2026 |
| \*KEITH WALSH<br>KEITH WALSH<br>| Director | April 27, 2026 |
| \*BY: /s/ BRIAN RUCKER<br>BRIAN RUCKER<br> Attorney-in-Fact<br> (Exhibit to the Registration Statement)<br>| Director | April 27, 2026 |

---

------

## Ex-99.(N)(1)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 7 to the Registration Statement on Form N-6 (No. 333-234480) (the "Registration Statement") of our report**** dated March 20, 2026 relating to the statutory basis financial statements of American General Life Insurance Company and consent to the incorporation by reference in the Registration Statement of our report dated April 20, 2026 relating to the financial statements of each of the subaccounts of Separate Account VL-R indicated in our report. We also consent to the references to us under the headings "Financial Statements" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 29, 2026

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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 7 to the Registration Statement on Form N-6 (No. 333-234480) (the "Registration Statement") of our report**** dated April 22, 2026 relating to the statutory basis financial statements of the American Home Assurance Company. We also consent to the references to us under the headings "Financial Statements" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 29, 2026

## Ex-99.(Q)(1)

**Description of American General Life Insurance Company's** 

**Issuance, Transfer and Redemption Procedures** 

**for the Variable Universal Life Insurance Policies** 

**Pursuant to Rule 6e-3(T)(b)(12)(iii)** 

**under the Investment Company Act of 1940** 

**As of May 1, 2026** 

Set forth below is the information called for under Rule 6e-3(T)(b)(12)(iii) under the Investment Company Act of 1940 ("1940 Act"). That rule provides an exemption for separate accounts, their investment advisers, principal underwriters and sponsoring insurance companies from Sections 22(c), 22(d), 22(e), and 27(c)(1) of the 1940 Act, and Rule 22(c)-1 promulgated thereunder, for issuance, transfer and redemption procedures under flexible premium variable life insurance policies to the extent necessary to comply with Rule 6e-3(T), state administrative law or established administrative procedures of the life insurance company. In order to qualify for the exemption, procedures must be reasonable, fair and nondiscriminatory and they must be disclosed in the registration statement filed by the separate account.

Net premiums received by American General Life Insurance Company ("AGL") under its flexible premium variable universal life insurance policies (the "Policies") are invested in Separate Account VL-R (the "Account") of AGL. The Account is registered under the 1940 Act. Within the Account are investment divisions. New investment divisions may be added and investment divisions may be removed. Procedures apply equally to each investment division and for purposes of this description are defined in terms of the Account, except where a discussion of both the Account and its investment divisions is necessary. Each investment division invests in shares of a corresponding portfolio from among 150 funds (individually, a "Fund," and collectively, the "Funds"), each a "series" type of mutual fund registered under the 1940 Act. All of the Funds in the Account are not available under all of the Policies. The investment experience of the investment divisions of the Account depends upon the market performance of the corresponding Fund portfolios. Although the Policies may also provide for fixed benefits supported by AGL's General Account, except as otherwise explicitly stated herein, this description assumes that net premiums are allocated exclusively to the Account and that all transactions involve only the investment divisions of the Account.

AGL believes its procedures meet the requirements of Rule 6e-3(T)(b)(12)(iii) and states the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Because of the insurance nature of the Policies and due to the requirements of state insurance laws, the procedures necessarily differ in significant respects from procedures for mutual funds and contractual plans for which the 1940 Act was designed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. In structuring its procedures to comply with Rule 6e-3(T) and state insurance laws, AGL has attempted to comply with the intent of the 1940 Act to the extent deemed feasible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. In general, state insurance laws require that AGL's procedures be reasonable, fair and nondiscriminatory.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Because of the nature of the insurance product, it is often difficult to determine precisely when AGL's procedures deviate from those required under Sections 22(c), 22(d), 22(e) or 27(c)(1) of the 1940 Act or Rule 22c-1 thereunder. Accordingly, set out below is a summary of the principal Policy provisions and procedures which may be deemed to constitute, either directly or indirectly, such a deviation. The summary, while extensive, does not attempt to treat each and every procedure or variation which might occur and does include certain procedural steps which do not constitute deviations from the above-cited sections or rule.

I. "PUBLIC OFFERING PRICE": PURCHASE AND RELATED TRANSACTIONS – SECTION 22(d) AND RULE 22c-1

This section outlines those principal Policy provisions and administrative procedures which might be deemed to constitute, either directly or indirectly, a "purchase" transaction. Because of the insurance nature of the Policies, the procedures involved necessarily differ in certain significant respects from the purchase procedures for mutual funds and contractual plans. The chief differences revolve around the structure of the cost of insurance charges and the insurance underwriting (i.e., evaluation of risk) process. There are also certain Policy provisions--such as reinstatement and loan repayment -- which do not result in the issuance of a Policy but which require certain payments by the Policy owner and involve a transfer of assets supporting the Policy reserve into the Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. INSURANCE CHARGES AND UNDERWRITING STANDARDS

Cost of insurance charges for AGL's Policies will not be the same for all Policy owners. The chief reason is that the principle of pooling and distribution of mortality risks is based upon the assumption that each Policy owner pays a cost of insurance charge commensurate with the insured's mortality risk which is actuarially determined based upon factors such as age, sex and risk class of the insured and the face amount size band of the Policy. In the context of life insurance, a uniform mortality charge (the "cost of insurance charge") for all insureds would discriminate unfairly in favor of those insureds representing greater mortality risks to the disadvantage of those representing lesser risks. Accordingly, although there will be a uniform "public offering price" for all Policy owners, because premiums are flexible and amounts allocated to the Account will be subject to the same charges as described above), there will be a different "price" for each actuarial category of Policy owners because different cost of insurance rates will apply. The "price" will also vary based on net amount at risk. The Policies will be offered and sold pursuant to this cost of insurance schedule and AGL's underwriting standards and in accordance with state insurance laws. Such laws prohibit unfair discrimination among insureds, but recognize that premiums must be based upon factors such as age, sex, health and occupation. A table showing the maximum cost of insurance charges will be delivered as part of the Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. APPLICATION AND INITIAL PREMIUM PROCESSING

This section is no longer described as a procedure because the flexible premium variable universal life insurance Policies are no longer sold.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. ANNIVERSARY AND PREMIUM PROCESSING

At each monthly anniversary, AGL will credit the unloaned portion of the declared fixed interest account with any interest accrued on loan amounts during the previous Policy month. Charges against the cash value for administrative expenses, additional benefits and cost of insurance charges will also be made. These deductions cover the cost of the Policy for the next month.

Net premiums are credited to the cash value as of the date the premium payments are received by AGL. The initial net premium is allocated to the Money Market division until 15 days after the issue date, regardless of the Policy owner's premium allocation instructions. Net premiums are equal to the gross premiums minus deductions for applicable state and local taxes and sales expenses.

Premium payments may be made at any time and for any amount, within certain limits. Premium payments must generally be at least $50 (some states may have lower limits) and may not be more than those allowed under the Internal Revenue Code for the Policy to continue to qualify as life insurance. AGL makes deductions from each premium for sales expenses (a percent of each premium paid during any Policy year until total premiums for that Policy year equal the target premium for the particular Policy) and for any applicable premium tax, the amount of which varies from jurisdiction to jurisdiction.

AGL will apply as much of each premium it receives as possible to the Policy without allowing a violation of the "seven-pay test." AGL will refund the remainder of the premium to the Policy owner within 10 days, unless the owner contacts the Administrative Center during a 30 day notice period expressing that it is the owner's intent to have the Policy classified as a modified endowment contract. AGL will then apply the remainder of the premium to the Policy effective on the date that the Administrative Center receives such notification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. REINSTATEMENT

If the Policy has lapsed, it may be reinstated while the insured person is alive if the Policy owner 1) requests reinstatement within 5 years from the end of the grace period, 2) provides satisfactory evidence of insurability and 3) makes a premium payment sufficient to satisfy any overdue monthly cost of insurance charges and also sufficient to keep the Policy in force for at least 2 months after reinstatement. The effective date of the reinstated Policy will be the beginning of the Policy month which coincides with, or next follows the date AGL approves the reinstatement application. Upon reinstatement, the maximum surrender charge for the Policy will be reduced by the amount of all surrender charges previously imposed on the Policy, and for purposes of determining any future surrender charges on the Policy, the Policy will be deemed to have been in effect since the original effective date. The Policy owner has the option to reinstate or pay any Policy indebtedness.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. REPAYMENT OF LOAN

A loan made under the Policy may be repaid with an amount equal to the original loan plus loan interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. CORRECTION OF MISSTATEMENT OF AGE OR SEX

If AGL discovers that the age or sex of the insured has been misstated, the death benefit and any rider benefits will be those which would be purchased by the most recent deduction for the cost of insurance and the cost of rider benefits at the correct age and sex.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. CONTESTABILITY

The Policy is contestable for two years, measured from the issue date, during the lifetime of the insured for material misstatements made in the initial application for the Policy. Policy changes (including Policy increases) may be contested for two years after the effective date of the change, and a reinstatement for two years after the effective date of the reinstatement. No statement will be used to contest a Policy unless it is contained in an application. AGL may not be restricted by the foregoing time limitations in the event of fraud.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. REDUCTION IN COST OF INSURANCE RATE CLASSIFICATION

By administrative practice, where contractually allowed AGL will reduce the cost of insurance rate classification for an outstanding Policy if new evidence of insurability demonstrates that the Policy owner qualifies for a lower classification. After the reduced rating is determined, the Policy owner will pay a lower monthly cost of insurance charge.

II. "REDEMPTION PROCEDURES": SURRENDER AND RELATED TRANSACTIONS

This section will outline those procedures which differ in certain significant respects from redemption procedures for mutual funds and contractual plans. AGL's Policies provide for the payment of monies to a Policy owner or beneficiary upon presentation of a Policy. Generally, except for the payment of death benefits, the imposition of cost of insurance, administrative and transaction charges and the effects of the surrender charge, the payee will receive a pro rata or proportionate share of the Account's assets within the meaning of the 1940 Act in any transaction involving "redemption procedures." The amount received by the payee will depend upon the particular benefit for which the Policy is presented, including, for example, the cash surrender value or death benefit. There are also certain Policy provisions — such as partial withdrawals and the loan privilege — under which the Policy will not be presented to AGL but which will affect the Policy owner's benefits and may involve a transfer of the assets supporting the Policy reserve out of the Account. Any combined transactions on the same day which counteract the effect of each other will be allowed. AGL will assume the Policy owner is aware of the conflicting nature of these transactions and desires their combined result. In addition, if a transaction is requested which AGL will not allow (for example, a request for a decrease in face amount which lowers the face amount below AGL's minimum) AGL will reject the whole request and not just the portion which causes the disallowance. Policy owners will be informed

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of the rejection and will have an opportunity to give new instructions. Finally, state insurance laws may require that certain requirements be met before AGL is permitted to make payments to the payee.

A portion of Policy owner requests for full surrender of Policy cash values are currently processed by staff at DXC and Accenture. DXC and Accenture operate as a TPA for Corebridge with the work performed in Manila, Philippines. All transactions processed by a TPA are held to the same internal controls and quality levels and are completed following procedures that are identical to those completed at our domestic Corebridge Administrative Center, however DXC is only able to approve disbursements up to $500k Accenture up to $1,000,000 with the rest coming to Corebridge for approval. Oversight for the transactions processed at any TPA remains the responsibility of Corebridge management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. SURRENDER FOR CASH VALUES

AGL will generally pay the net cash surrender value within seven days after receipt, at its Administrative Center, of the Policy and a signed request for surrender in Good Order. Computations with respect to the investment experience of each investment division will be made at the close of trading on the composite tape for each Business Day that the New York Stock Exchange is open ("Business Day"). This will enable AGL to pay a net cash value on surrender as of the date a request for surrender and the Policy are received based on the next computed value after a request is received. The surrender is effective on the Business Day AGL receives the request at its Administrative Center and insurance coverage ends on that Business Day.

The Policy's value (which is equal to the cash surrender value plus any applicable surrender charge) may increase or decrease from day to day depending on the investment experience of the Account. Calculation of the cash value for any given day will reflect the actual premiums paid, expenses charged and deductions taken.

If a Policy is totally surrendered AGL will pay the Policy owner an amount equal to the net cash surrender value of the Policy. The net cash surrender value of a Policy is equal to the cash surrender value of the Policy less the amount of any outstanding Policy loan and accrued interest. The cash surrender value of a Policy will equal the amount of the cash value less the surrender charge. AGL will make the payment of net cash surrender value out of its General Account and, at the same time, transfer assets from the Account to the General Account in an amount equal to the Policy reserves in the Account for the surrendered Policy, or the portion of the face amount that was reduced.

In lieu of payment of the net cash surrender value in a single sum upon surrender of a Policy, where policy contracts allow, an election may be made to apply all or a portion of the proceeds under one of the fixed benefit payment options described in the Policies. The election may be made by the Policy owner during the insured person's lifetime, or, if no election is in effect at the insured person's death, by the beneficiary. An option in effect at death may not be changed to another form of benefit after death. The settlement options are subject to the restrictions and limitations set forth in the Policies.

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The Policy contains a partial withdrawal feature after the first Policy year, subject to a minimum withdrawal amount and other conditions. Any request for a partial withdrawal must be in writing to AGL's Administrative Center and will take effect as of the day it is received. A partial withdrawal will reduce the death benefit, cash value and cash surrender value associated with the Policy by the amount of the withdrawal plus a charge for administrative expenses associated with it. After such a withdrawal, the Policy must meet minimum face amount requirements and must continue to qualify as life insurance under applicable tax law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. DEATH CLAIMS

AGL will pay a death benefit to the beneficiary generally within seven days after receipt, at its Administrative Center, of the Policy, due proof of death of the insured, and all other requirements necessary to make payment.<sup>1</sup>

The death benefit payable will depend on the option in effect at the time of death. Under Option 1, the death benefit is the greater of the face amount of insurance and a percentage multiple of the accumulation value. Under Option 2, the death benefit is the greater of the face amount of insurance plus the accumulation value and a percentage multiple of the accumulation value. Under Option 3, the death benefit is the greater of (1) the sum of the death benefit under Option 1 plus the cumulative amount of premiums paid for the Policy and any riders, and (2) and a percentage multiple of the accumulation value. The percentage referred to is the applicable percentage from a table published for the insured person's age (as of his or her nearest birthday) at the beginning of the Policy year of determination.

The proceeds payable to the beneficiary will be adjusted to reflect any outstanding indebtedness and any overdue monthly charges if death occurs during the grace period described below under "Default and Options on Lapse." The proceeds payable on death also reflect interest from the date of death to the date of payment.

AGL will make payment of the death benefit out of its General Account, and will transfer assets from the Account to the General Account in an amount equal to the reserve for that Policy in the Account. The excess, if any, of the death benefit over the amount transferred will be paid out of the General Account reserve maintained for that purpose.

In lieu of payment of the death benefit in a single sum, a settlement option may be selected as described immediately above with respect to cash surrender values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. DEFAULT AND OPTIONS ON LAPSE

The duration of insurance coverage depends upon either: (1) the net cash surrender value of a Policy being sufficient to cover the monthly charges, or (2) any applicable no lapse

<sup>1</sup> State insurance laws impose various requirements before payment of the death benefit may be made. In addition, payment of the death benefit is subject to the provisions of the Policies regarding suicide and incontestability.

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guarantee provision, provided its terms are satisfied. If the net cash surrender value at the beginning of a month is less than the charges for that month and/or the Policy's no lapse guarantee provision has not been met (if the policy has such a provision), a grace period of 6l days will begin. Written notice will be sent to the Policy owner, any assignee, and secondary addressee, as applicable, on AGL's records stating that such a grace period has begun and giving the approximate amount of premium payments necessary to keep the Policy in force for a reasonable period of time. If this amount is not received during the grace period, any amount of cash value will be withdrawn and applied to applicable charges and the Policy will end without value. If the insured should die during the grace period, an amount sufficient to cover the overdue monthly charges and other charges will be deducted from the death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. POLICY LOAN

AGL's Policies provide that a Policy owner may take a loan of up to 100% of the cash surrender value less AGL's estimate of three month's charges and less the interest payable on the Policy loan that is payable through the next Policy anniversary, upon assignment to AGL of the Policy as sole security. The cash surrender value, for this purpose will be computed on the Business Day after receipt, at AGL's Administrative Center, of a signed loan request in Good Order. Payment of the loan out of AGL's General Account will be made to the Policy owner within seven days after such receipt.

Interest on a loan accrues daily at an effective annual interest rate, which is adjusted annually. A rate will be determined as of the beginning of each Policy year and will apply to a new or outstanding loan during that Policy year. The maximum annual loan interest rate varies by product.<sup>2</sup>

Loan interest is due on each Policy anniversary. If not paid when due, it is added to the existing indebtedness and bears interest at the loan rate. Failure to repay a loan will not necessarily terminate the Policy. If the net cash surrender value of the Policy is not sufficient to cover the monthly charges for the cost of insurance and administrative expenses, the Policy will go into a grace period, as described above (subject to any applicable no lapse guarantee provision).

<sup>2</sup> Platinum Investor III and Platinum Choice VUL 2 will generally be no greater than 4.75%; EquiBuilder III will be the greater of 5<sup>1</sup>⁄<sub>2</sub>% or the Monthly Average Corporate yield published by Moody's Investor Services, Inc., as an annualized percentage of the outstanding loan amount and unpaid loan interest.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. TRANSFERS AMONG DIVISIONS

Amounts may be transferred, upon request, on any Business Day from any investment division of the Account to one or more other divisions of the Account. The minimum amount allowed for a transfer is the lesser of the minimum amount shown in a Policy (usually $500) and the total value in the investment division. Subject to current market timing restrictions, the first 12 transfers in any one Policy year are free of charge. AGL will charge $25 for each transfer in excess of 12 per year.

Transfer charges, if any, will be subtracted equally among the divisions from which transfers are made.

Transfers from an investment division of the Account will take effect as of the receipt of a request at AGL's Administrative Center.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. MARKET TIMING PROCEDURES AND FUND-INITIATED RESTRICTIONS

*Market timing.* The Policy is not designed for professional market timing organizations or other entities or individuals using programmed and frequent transfers involving large amounts. Market timing carries risk with it, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• dilution in the value of Fund shares underlying investment options of other Policy owners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interference with the efficient management of the Fund's portfolio; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs.

We have policies and procedures that require us to monitor the Policies to determine if a Policy owner requests:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an exchange out of a variable investment option, other than the money market investment option, within two
calendar weeks of an earlier exchange into that same variable investment option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an exchange into a variable investment option, other than the money market investment option, within two
calendar weeks of an earlier exchange out of that same variable investment option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• exchanges into or out of the same variable investment option, other than the money market investment option,
more than twice in any one calendar quarter.

If any of the above transactions occurs, we will suspend such Policy owner's same day or overnight delivery transfer privileges (including website, email and facsimile communications) with prior notice to prevent market timing efforts that could be harmful to other Policy owners or

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beneficiaries. Such notice of suspension will take the form of either a letter mailed to your last known address, or a telephone call from our Administrative Center to inform you that effective immediately, your same day or overnight delivery transfer privileges have been suspended. A Policy owner's first violation of this policy will result in the suspension of Policy transfer privileges for ninety days. A Policy owner's subsequent violations of this policy will result in the suspension of Policy transfer privileges for six months. Transfers under dollar cost averaging, automatic rebalancing or any other automatic transfer arrangements to which we have agreed are not affected by these procedures.

The procedures above will be followed in all circumstances and we will treat all Policy owners the same.

*Restrictions initiated by the Funds*.*** The Funds have policies and procedures restricting transfers into the Fund. For this reason or for any other reason the Fund deems necessary, a Fund may instruct us to reject a Policy owner's transfer request. Additionally, a Fund may instruct us to restrict all purchases or transfers by a particular Policy owner, whether into or out of the Fund. We will follow the Fund's instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. RIGHT OF WITHDRAWAL PROCEDURES

This section is omitted because no new flexible premium variable universal life insurance policies are issued.

## Ex-99.(S)(2)

**POWERS OF ATTORNEY** 

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of **AMERICAN HOME ASSURANCE COMPANY**, hereby constitute and appoint **BRIAN RUCKER** as their true and lawful attorney-in fact and agent, with full power of substitution and resubstitution, for them and in their name, place and stead, in any and all capacities, to sign on behalf of **AMERICAN HOME ASSURANCE COMPANY** any and all amendments to the Registration Statements listed on the attached schedule by AMERICAN GENERAL LIFE INSURANCE COMPANY, THE VARIABLE ANNUITY LIFE INSURANCE COMPANY and THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK serving as Depositors, for which **AMERICAN HOME ASSURANCE COMPANY** serves as Guarantor, and to file the same, with all exhibits thereto, and other documents in connection therewith, as fully to all intents as he might or could do in person, including specifically, but without limiting the generality of the foregoing, to (i) take any action to comply with any rules, regulations or requirements of the Securities and Exchange Commission under the federal securities laws; (ii) make application for and secure any exemptions from the federal securities laws; (iii) register additional insurance and annuity contracts under the federal securities laws, if registration is deemed necessary. The undersigned hereby ratifies and confirms all that said attorney-in-fact and agent, or his substitute, shall do or cause to be done by virtue hereof.

**AMERICAN HOME ASSURANCE COMPANY** 

**GUARANTOR PRODUCT SCHEDULE –04/22/2024** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Registrant Name** | **File Nos.** | **File Nos.** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185797 | American Pathway II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185798 | Polaris |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185799 | Polaris II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185831 | PolarisAmerica |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185838 | Polaris Platinum II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185800 | Polaris II Platinum Series |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185837 | Polaris Choice II / Polaris Choice III |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185818 | WM Diversified Strategies |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185820 | WM Diversified Strategies III |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185815 | Polaris Advisor |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185801 | Polaris Protector |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185816 | Polaris Preferred Solution |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-234470 | ICAP II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-234471 | Vista Capital Advantage |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-234472 | Anchor Advisor |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | 333-185797 | American Pathway II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE SEPARATE ACCOUNT | **Under the Investment Company Act of 1940:** <br> 811-03859 | **Under the Investment Company Act of 1940:** <br> 811-03859 |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185829 | Seasons |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185804 | Seasons Select II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185825 | Seasons Select |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185826 | Seasons Triple Elite / Seasons Elite |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185822 | Seasons Advisor |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185824 | Seasons Advisor II |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | 333-185828 | Seasons Preferred Solution |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT FIVE | **Under the Investment Company Act of 1940:**<br> 811-07727 | **Under the Investment Company Act of 1940:**<br> 811-07727 |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT SEVEN | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT SEVEN | 333-185806 | Polaris Plus |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT SEVEN | 333-185807 | Polaris II A-Class / Polaris II A-Class<br> Platinum Series |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT SEVEN | 333-185832 | Polaris II Asset Manager |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT SEVEN | **Under the Investment Company Act of 1940:**<br> 811-09003 | **Under the Investment Company Act of 1940:**<br> 811-09003 |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Registrant Name** | **File Nos.** | **File Nos.** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | **Uer the Securities Act of 1933:** | **Uer the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | 333-185834 | Ovation |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | 333-185835 | Ovation Plus |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | 333-185841 | Ovation Advantage |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | 333-185842 | Ovation Advisor |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | 333-185834 | Ovation |
| &nbsp;&nbsp;&nbsp;AGL VARIABLE ANNUITY ACCOUNT NINE | **Under the Investment Company Act of 1940:**<br> 811-21096 | **Under the Investment Company Act of 1940:**<br> 811-21096 |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178854 | Polaris NY/ Polaris II NY / Polaris II NY – Jones |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178859 | WM Diversified Strategies III NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178857 | FSA Advisor |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178853 | Polaris Choice NY / Polaris Choice III NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178855 | Polaris II A-Class Platinum Series NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-178850 | Polaris Advantage NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-234490 | ICAP II NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | 333-234491 | Vista Capital Advantage NY |
| &nbsp;&nbsp;&nbsp;USL - FS VARIABLE SEPARATE ACCOUNT | **Under the Investment Company Act of 1940:**<br> 811-08810 | **Under the Investment Company Act of 1940:**<br> 811-08810 |
| &nbsp;&nbsp;&nbsp;USL - ARIABLE ANNUITY ACCOUNT FIVE | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;USL - ARIABLE ANNUITY ACCOUNT FIVE | 333-178860 | Seasons Triple Elite NY/ Seasons Elite NY |
| &nbsp;&nbsp;&nbsp;USL - ARIABLE ANNUITY ACCOUNT FIVE | 333-178858 | Seasons Select II NY |
| &nbsp;&nbsp;&nbsp;USL - ARIABLE ANNUITY ACCOUNT FIVE | **Under the Investment Company Act of 1940:**<br> 811-08369 | **Under the Investment Company Act of 1940:**<br> 811-08369 |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 033-43390 | Generations VA, Variety Plus VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 002-49805 | Front End Load, Regular Surr. Charge |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-70667 | Platinum Investor VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-40637 | Select Reserve VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 033-57730 | WM Advantage VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-25549 | WM Strategic Asset Manager VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-234476 | Black, VA, Blue VA, Green VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-234477 | Orange VA, Yellow VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | 333-234478 | The Chairman VA |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT D | **Under the Investment Company Act of 1940:**<br> 811-02441 | **Under the Investment Company Act of 1940:**<br> 811-02441 |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-89897 | AG Legacy Plus |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-42567 | Platinum Investor I VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-90787 | Platinum Investor Survivor VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-80191 | Corporate America VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-53909 | Legacy Plus VUL (Orig.) |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-103361 | Platinum Investor II VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-43264 | Platinum Investor III VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-118318 | Platinum Investor IV VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-129552 | Platinum Investor VIP (Orig.) |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-109613 | Platinum Investor FlexDirector |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-82982 | Platinum Investor PLUS VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-65170 | Platinum Investor Survivor II VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-87307 | The ONE VUL Solution |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-234481 | EquiBuilder VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-234482 | EquiBuilder II VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | 333-234480 | EquiBuilder III VUL |
| &nbsp;&nbsp;&nbsp;AGL SEPARATE ACCOUNT VL-R | **Under the Investment Company Act of 1940:**<br> 811-08561 | **Under the Investment Company Act of 1940:**<br> 811-08561 |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Registrant Name** | **File Nos.** | **File Nos.** |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | 333-151575 | Income Advantage Select VUL |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | 333-149403 | Protection Advantage Select VUL |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | 333-137941 | Platinum Investor VIP VUL |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | 333-105246 | Platinum Investor PLUS VUL |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL VL-R | **Under the Investment Company Act of 1940**:<br> 811-09359 | **Under the Investment Company Act of 1940**:<br> 811-09359 |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL A | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL A | 333-234492 | Generations VA |
| &nbsp;&nbsp;&nbsp;USL SEPARATE ACCOUNT USL A | **Under the Investment Company Act of 1940:**<br> 811-04865 | **Under the Investment Company Act of 1940:**<br> 811-04865 |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | **Under the Securities Act of 1933:** | **Under the Securities Act of 1933:** |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | 002-32783 | GUP & GTS-VA |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | 033-75292 | Portfolio Director series 1.00 - 12.00, 1.20 - 13.20, 1.40 - 12.40, and 1.60 - 12.60 |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | 333-49232 | Potentia VA |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | 002-96223 | IMPACT UIT-981 VA |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | 333-124398 | Independence Plus VA |
| &nbsp;&nbsp;&nbsp;THE VARIABLE ANNUITY LIFE INSURANCE COMPANY SEPARATE ACCOUNT A | **Under the Investment Company Act of 1940:**<br> 811-03240 | **Under the Investment Company Act of 1940:**<br> 811-03240 |

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**POWERS OF ATTORNEY** 

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| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ BARBARA LUCK <br>BARBARA LUCK | Director, President, CEO, and Chairman of the Board of Directors <br>(Principal Executive Officer) | April 08, 2025 |
| /s/ SHELLEY SINGH<br>SHELLEY SINGH | Director, Chief Financial Officer and Senior Vice President <br>(Principal Financial Officer) | April 07, 2025 |
| /s/ ALLISON COOPER<br>ALLISON COOPER | Director | April 06, 2026 |
| /s/ MOHAMMAD ABU TURAB HUSSAIN<br>MOHAMMAD ABU TURAB HUSSAIN | Director | April 07, 2025 |
| /s/ JOHN F. KLAUS<br>JOHN F. KLAUS | Director | April 07, 2025 |
| /s/ DARREN MEYLER<br>DARREN MEYLER | Director | April 10, 2026 |
| /s/ KEITH WALSH<br>KEITH WALSH | Director | April 15, 2025 |

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