AMERICAN NATIONAL INSURANCE COMPANY

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

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

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

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

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

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

7. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Upgrades�. Innovative (Optional) Riders: Lifetime Income Rider Payments can begin anytime after age 60 No Minimum Waiting Period Income % is based on age at time of commencement Age 60-69 = 5% Age 70-79 = 6% Age 80+ = 7% Guarantees Income for Life Even if the Annuity Value Declines to 0! It must be added at issue, but can be dropped anytime! Payment based on highest AV from date payments start � but the payment cannot go down

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

9. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Lifetime Income Rider: How Does It Work? Assume a $100,000 policy issued to 60 yr. old, w/ income taken at age 61. * Above values based on hypothetical for the period of 8/28/96 � 8/28/06

10. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Lifetime Income Rider: How Does It Work? * Above values based on hypothetical for the period of 8/28/96 � 8/28/06 Note the increase in the lifetime income in years when the AV grows Note how the income locks in and doesn�t fall when the AV decreases If the markets perform, you have growth, but regardless, you have income!

11. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Upgrades . . . Innovative (Optional) Riders: Enhanced Death Benefit Rider Enhanced Death Benefit Rider � Increases DB by a % of AV gains Benefit Varies by Age Based on Issue Age Through age 69 = 45% Ages 70 � 74 = 25% Ages 75 � 80 = 20% Ages 81+ = 15% Benefit is NOT reduced if you take systematic withdrawals!!!! NO UNDERWRITING! Rider Terminates at Age 95, BUT . . . At age 95, the EDB Amount is added to the AV! Must be added at issue, but can be dropped at anytime Cost is guaranteed for the life of the contract Is anticipated to be .25% of the account value per year

12. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Enhanced Death Benefit Rider: How Does it Work? Assume our same $100,000 policy initially issued to a policy Owner, age 60: Death Benefit = 45% of the cumulative growth in the Annuity Value @ death Assume policy withdrawals of $6,000 after the first policy year and another $1,000 after the second policy year. Assume after these withdrawals that our ending AV is $102,400. Death subsequently occurs in a later year after the AV has grown to $109, 750. Initial Deposit Amount (i.e. initial deposit of $100,000) is reduced by the $7,000 of withdrawals taken resulting in an adjusted initial premium of $93,327 If we take the AV at death, of $109,750 and subtract the adjusted premium of $93,327, we come up with a cumulative gain of $16,423 45% of the cumulative gain is the death benefit enhancement = $7,390.35 Add this additional amount of $7,390.35 to the AV of $109,750 and we arrive at the total Death Benefit of $117,140.35.

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

14. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Commissions Commissions WITHOUT Trails: �ASIA� 10 8%, Ages 0-75 6.5%, Ages 76-80 5%, Ages 81-85 �ASIA� 7 5%, Ages 0-75 4%, Ages 76-80 3%, Ages 81-85

15. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � Commissions Commissions WITH Trails: �ASIA� 10 5.5%, Ages 0-75 4.0%, Ages 76-80 2.5%, Ages 81-85 �ASIA� 7 3%, Ages 0-75 2%, Ages 76-80 1%, Ages 81-85 TRAILS = .40% to the General Agent

16. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 - As of 8/1/06 . . . Minimum Guaranteed Surrender Value is based on a Minimum Guaranteed Interest Rate (MGIR) based on 90% of premium Indexed Interest Account ASIA 10: @ 3.00% ASIA 7: @ 2.75% Fixed Interest Account ASIA 10: @ 3.00% ASIA 7: @ 3.00%

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

18. For Agent Use Only ANICO Strategy Indexed AnnuityIndexed to the S&P 500 � State Approvals ASIA Both the 7 and the 10 Available in all states except the following: MD TX MA UT MN VT MT WA ND OK OR PA

19. For Agent Use Only So, be on the look-out for �ASIA�, the next BEST

20. For Agent Use Only Other Winning Annuities . . .

21. For Agent Use Only Is That It?

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

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

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