______________________ American International Group, Inc. 130 countries worldwide Assets of $400+ billion US Triple AAA rated AIG Life of Canada.

______________________

American International Group, Inc.

130 countries worldwide

Assets of $400+ billion US

Triple AAA rated

AIG Life of Canada

AIG Life of Canada

Ten Largest NYSE-Listed Companies

  July 2002 July 2002 July 2001Company Name Symbol Market Cap NYSE Average Market Cap

($bil.) Daily Volume ($bil.)

General Electric Co. GE 320.0 37,592,008 432.0Exxon Mobil Corp XOM 249.3 19,085,206 289.4Wal-Mart Stores WMT 218.8 11,676,937 249.9Pfizer Inc PFE 202.0 32,319,382 260.3Citigroup Inc C 172.6 32,956,970 252.2American International Group AIG 167.0 9,494,810 194.2Johnson & Johnson JNJ 159.6 15,614,087 150.5Coca-Cola Co. KO 124.0 8,069,174 110.8Intl Business Machines Corp IBM 120.5 11,192,451 185.5Procter & Gamble Co. PG 115.7 5,379,614 92.0

Worldwide Operations• One of the strongest financial institutions in the

world• Founded in Shanghai in 1919• 1939 Headquarters moves to New York• Worldwide assets: (US) $400 billion +• Net Free Capital: (US) $44 billion• One of the few financial institutions in the World

with the highest rating-Triple A from all world class rating agencies– AM Best - AAA– Moody’s - Aaa– Standard & Poor’s - AAA

• Presence in 130 countries

AIG Head Quarters

70 Pine Street NY, USA

AIG Head Quarters

70 Pine Street NY, USA

Standard & Poor’s Credit Ratings (a)Standard & Poor’s Credit Ratings (a)Standard & Poor’s Credit Ratings (a)Standard & Poor’s Credit Ratings (a)

(1)(1) July 2002July 2002

(2)(2) Financial Strength RatingFinancial Strength Rating

(3)(3) Senior long-term debtSenior long-term debt

(1)(1) July 2002July 2002

(2)(2) Financial Strength RatingFinancial Strength Rating

(3)(3) Senior long-term debtSenior long-term debtAIG Life of CanadaAIG Life of CanadaAIG Life of CanadaAIG Life of Canada

Great-West LifeGreat-West LifeManulifeManulifeSun LifeSun Life

Great-West LifeGreat-West LifeManulifeManulifeSun LifeSun Life

Clarica LifeClarica LifeCanada LifeCanada Life

CIBCCIBCTD BankTD Bank

Royal BankRoyal BankRoyal Trust Royal Trust

Bank of MontrealBank of MontrealLife Insurers (2)Life Insurers (2) Banks (3)Banks (3)

MaritimeMaritime

Our story so far in Canada

• Alico, 1979 to 1993• AIA, 1993 to 1998• AIG Life of Canada, June 1998 to

present• Hartford Life acquisition, September

1999• Norwich union purchase, May 2001

Our Growth

Sales:• 1998 $4 million of premium• 1999 $9.4 million of premium• 2000 $58.2 million of premium• 2001 $120 million of premium

AIG Life of Canada

AIG Number 1 in UL sales for the last 6 quarters

LIMRA survey - based on minimum premium

AIG Life of Canada

UL Strengths:-Life Dimensions/Ultimate Dimensions/Unique Life

• lowest YRT rates in the industry

• strong accumulation product

• guaranteed bonus

• more investment choices than any other carrier

AIG Life of Canada

YRT Costs:-

• generally 25-35% lower than competition

• 1st 10 years - select rates

• YRT COI’s are guaranteed

• drop charges off at age 85 (Maximizer)

• concepts most prevalent - Insured Retirement, RCA’s, Split Dollar (TIPS)

AIG Life of Canada

Guaranteed bonus:-

• 1.5% starting in year 6

• unconditional

• in force policy only requirement

AIG Life of Canada

600 Investment Options50 New Choices… More Portfolios

AIG Life of Canada

Investment Choices

• virtually any equity backed mutual fund can be investment choice

• 11 strategic partners

• AGF, AIC, AIM, CI, Counsel, Dynamic, Fidelity, Franklin, Mackenzie, SEI Funds, Talvest, Templeton

• over 600 choices in total

AIG Life of Canada

• 7 indexed accounts

• 2 GIA accounts ( 5 and 10 year)

• DIA

AIG Life of Canada

Ultimate Dimensions - High Net Worth UL

What Producers told us;

• lower surrender charges

• lower MERS

AIG Life of Canada

• choice of 2 or 10 year surrender charge

• lower MERs– 1.5% for indexes– 3.0 for “managed money”

AIG Life of Canada

• same investment choices as Life Dimensions

• drop YRT charges at age 85

• maximizer as early as year 2 (ART rider)

AIG Life of Canada

Both Life and Ultimate Dimensions can shelter a true single deposit.