Look Back, Plan Ahead with an Annual Financial Review

1. Look Back, Plan Ahead with an Annual Financial Review AFN4559

2. What’s new in your life? • Birth of a child or grandchild • Marriage or divorce • New job/career • Inheritance or other windfall • Child’s marriage • Illness or death of a loved one

3. Getting from Point A to Point B • Income • Living Expenses • Budgeting • Short-term goals • Long-term goals

4. Six Pillars of an Annual Review • Retirement • College Planning • Investments • Estate Planning • Insurance • Tax Planning

5. Retirement — A Big Challenge • Calculate your savings goal • Will you be saving enough this year to meet that goal? • Are you taking full advantage of tax-qualified retirement accounts?

6. Retirement Goal Review • Fewer than half (46%) of American workers have calculated a retirement savings goal* • You may need the equivalent of 60% to 80% of your working-years’ annual income for each year you live in retirement • Studies show that calculating a goal helps to increase retirement confidence* *Source: Employee Benefit Research Institute, 2013 Retirement Confidence Survey.

7. Are You Saving Enough? • IRAs • 401(k) and other workplace retirement plans • Annuities • Review expenses

8. Take Advantage of Tax Rules • 2014 Contribution Limits • IRAs—$5,500 • IRA “Catch-Up”— $1,000 • 401(k), 403(b), and 457 Plans — $17,500 • “Catch-Up” Contributions — $5,500 *401(k) and 403(b) plans only. Consult a qualified tax advisor for all matters pertaining to tax planning.

9. Retirement Distribution Planning • How long will your money last? • Use conservative withdrawal assumptions • Required Minimum Distributions (RMDs) • Lifetime income through annuities Consult a qualified tax advisor for all matters pertaining to tax planning.

10. The Price of Higher Education • College costs are rising — in many cases much faster than the overall inflation rate* • You should consider 529 plans and Coverdell Education Savings Accounts • Don’t overlook tax breaks and financial aid *Source: The College Board.

11. Assess Your College Savings Options • 529 Plans come in two varieties: • Prepaid tuition plans • High contribution limit • Tax-free college investment accounts • Coverdell Education Savings Account • Formerly called Education IRAs • Tax-free investment growth • Tax-free qualified withdrawals

12. Study Up on Financial Aid • Pell Grants • Stafford Student Loans • Plus Loans for Undergraduates (PLUS) Loans • Supplemental Education Opportunity Grant • The Perkins Loan

13. Tax Breaks and Incentives • The American Opportunity Tax Credit (formerly HOPE Credit) • The Lifetime Learning Credit • More flexibility for claiming existing student loan deduction

14. Investment Review • During the past year, has anything occurred that might affect: • Your investment time frame, goals, or risk tolerance • Your portfolio’s asset allocation and diversification

15. Annual Investment Action Plan • Refocus • Review • Rebalance

16. Striving for Balance • There are two ways to actively rebalance a portfolio: • Sell shares • Purchase additional shares • Either way, it’s probably a good idea to speak with a professional before making a transaction Past performance does not guarantee future results.

17. Your Estate Plan — The Basics • Are your documents up-to-date? • Wills • Beneficiary arrangements Consult a qualified legal advisor for all matters pertaining to estate planning.

18. Controlling Your Wealth • Trusts • Estate Taxes • Other objectives • Gifting Consult a qualified legal advisor for all matters pertaining to estate planning.

19. Gifting Strategies • Annual Gift Tax Exclusion • Passing wealth while you’re alive Consult a qualified legal advisor for all matters pertaining to estate planning.

20. Protecting Your Future • “It’s better to have insurance and not need it, than need insurance and not have it” • 30% of American households (35 million) are uninsured* • A majority think coverage is too expensive* • Many who do have coverage have far less than experts recommend *Source: LIMRA’s 2013 Life Insurance Awareness Month September 2013, Fact Sheet.

21. Reviewing Your Life Insurance Needs • How much and what type of coverage is right for you? • Employer-provided coverage may not be enough • Coverage for short-term expenses and long-term priorities

22. Other Insurance Needs • Don’t forget about disability income insurance • Realities of long-term care

23. Tax Laws Have Changed • Return to top income tax rate of 39.6% • 20% top rate on capital gains and dividends • Permanent AMT “Patch” • Many extensions to tax credits and education incentives Consult a qualified legal advisor for all matters pertaining to tax planning.

24. Be Tax Smart • Pay attention to the timing of investment sales • Consider offsetting a gain with a loss • Keep detailed, comprehensive records • Work with a professional Consult a qualified legal advisor for all matters pertaining to tax planning.

25. In Summary • What has changed? • What can you do better next year?

26. Preparing for Your Review • Get organized • What’s your current situation? • Create a “personal balance sheet” • Identify needs and strategic considerations • “Benchmark” your progress

27. Questions & Answers Investment options are offered through a group variable annuity contract (Forms 902-GAQC-09 or 902-GAQC-09(CT) or 902-GAQC-09(OR)) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha Life Insurance Company, Omaha, NE 68175 is licensed nationwide except in New York. Companion Life Insurance Company, Hauppauge, NY 11788 is licensed in New York and underwrites the group variable annuity (Form 900-GAQC-07(NY)). Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as to the Guaranteed Account and the Lifetime Guaranteed Income Account as provided under the contract. Neither United of Omaha Life Insurance Company, Companion Life Insurance Company, nor their representatives or affiliates offers investment advice in connection with the contract. Specific features of the Lifetime Guaranteed Income Account (Rider Forms 651-GAQR-10 or 651-GAQR-10(CT) or 651-GAQR-10(OR)) vary by state. Restrictions apply. The Lifetime Guaranteed Income Account is not available in Nevada or New York. Group variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Distributions may be subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. Investing in a group variable annuity involves risk, including possible loss of principal. Prior to selecting investment options for your retirement account, you should consider the investment objectives, risks, fees and expenses of each option carefully. For this and other important information, you should review your enrollment materials or the participant website. Read this information carefully.