Disclosure

These materials are presented solely for informational purposes and may not be relied on in any manner as legal, tax or investment advice or as an offer to sell or the solicitation of an offer to buy an interest in any fund or account managed by, or product issued, offered or sponsored by Axonic International LLC or any of its affiliates (“Axonic”), which can only be made by a document that contains important information about the risks, fees and expenses of the relevant financial product or instrument (the “Supplemental Disclosure Documents”). No offer, solicitation or sale of interests in any financial or insurance product or instrument will be made in any jurisdiction in which the offer, solicitation, or sale is not authorized or to any person to whom it is unlawful to make the offer, solicitation or sale. Past performance is not a guide to or otherwise indicative of future results. Unless otherwise indicated, the U S Dollar is the currency used to express performance. These materials should be considered confidential and may not be reproduced in whole or in part and may not be circulated or redelivered to any person without the prior written consent of Axonic. Axonic is not acting as your investment adviser, financial or tax adviser, estate planning adviser or other adviser or fiduciary, and you should consult your own advisers as to any investment in a financial or insurance product or instrument discussed in these materials. Any guaranty or guaranteed return discussed in these materials are solely obligations of the issuer thereof, and not any other person or entity.

Certain information contained in these materials constitutes “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any financial or insurance product or instrument may differ materially from those reflected or contemplated in such forward-looking statements. This presentation contains only summary information about the relevant financial or insurance product or instrument, its sponsor and the opportunity presented and is qualified in its entirety and should be read in conjunction with the Supplemental Disclosure Documents. Material aspects of the descriptions presented may change at any time. These materials are being provided to you on a confidential basis and you should read the Supplemental Disclosure Documents carefully, including the risk factors and potential conflicts of interest specifically described in in any accompanying document. Some information in this presentation reflects proprietary research based upon various data sources. In addition, some information cited has been taken from third-party sources that are believed to be reliable, but which have not been verified for accuracy or completeness. No person has been authorized to make any statement concerning the financial or insurance product or instrument or Axonic other than as will be set forth in the Supplemental Disclosure Documents, and any such statements, if made, may not be relied upon. In the event of any conflict between the Supplemental Disclosure Documents and the information provided in these materials, the Supplemental Disclosure Document will control. Any forward- looking statements and assumptions are subject to change and review, as applicable, by various insurance departments.

Historical performance information is not indicative of future performance or investment returns, and prospective investors should not view the performance information in this presentation as an indicator of the future performance of any financial product or instrument. Except where otherwise indicated, the information presented is based on matters as they exist as of the date of preparation and not as of any future date and may not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. To the extent permitted by law, Axonic disclaims any and all liability as to the information presented or omissions therefrom, including without limitation, any expressed or implied representation or warranty with respect to the information presented.

Any specific discrete examples presented should not be considered a recommendation to purchase or sell any particular instrument or invest in any particular strategy. The examples are included merely to illustrate investment process and strategy. It should not be assumed that any strategy discussed has been or will be profitable, or that recommendations made in the future will be profitable or will equal the investment performance of any investment presented.

None of the information presented shall constitute or be construed as constituting or be deemed to constitute “investment advice” as defined under the U.S. Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, or the U.S.

Internal Revenue Code of 1986. If you are subject to ERISA, these materials are being furnished on the condition that they will not form a primary basis for any investment decision. The strategies and instruments discussed in these materials have not been registered or qualified with, nor approved or disapproved by, the U.S. Securities and Exchange Commission, or any other regulatory authority, nor has any regulatory authority passed upon the accuracy or adequacy of any information that has been or will be provided. Notwithstanding anything to the contrary in these materials, each investor (and each employee, representative, or other agent of such investor) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of (i) the strategies (ii) any of their transactions, and all materials of any kind (including opinions or other tax analyses) that are provided to the investor relating to such tax treatment and tax structure. The Axonic Guaranteed Index Plan brochure was created to provide a brief description of the benefits and features of the Plan. For a complete description of the terms and conditions, please read the Plan Fact Sheet and the Supplemental Disclosure Document carefully before investing. Please ask your Financial Advisor for a copy of these materials.

The Axonic Guaranteed Index Plan is not offered or available for sale in the United States or to U.S. citizens or residents, or to residents of Jersey, Channel Islands. This material, or any other Axonic Guaranteed Index Plan information, cannot to be distributed to any person physically present in the United States or Jersey. The Axonic Guaranteed Index Plan does not constitute an offer or solicitation to anyone in any jurisdiction in which an offer is not authorized, or to any persons to whom it is unlawful to make such an offer or solicitation.

The Axonic Guaranteed Index Plan is an investment plan held in a sub-trust for the benefit of the sub-trust participant named in the Application for Form a Sub-Trust. All values in the Axonic Guaranteed Index Plan are U.S. dollar denominated.

The "S&P 500" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Axonic Insurance Services LLC. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by Axonic Insurance Services LLC. Axonic Insurance Services LLC’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Axonic International product or any member of the public regarding the advisability of investing in securities generally or in the Axonic International product particularly or the ability of the [Index] to track general market performance. S&P Dow Jones Indices’ only relationship to Axonic Insurance Services LLC with respect to the S&P 500 is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 is determined, composed and calculated by S&P Dow Jones Indices without regard to Axonic Insurance Services LLC or the Axonic Insurance Services LLC product. S&P Dow Jones Indices has no obligation to take the needs of Axonic Insurance Services LLC or the owners of the Axonic International product into consideration in determining, composing or calculating the S&P 500. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the Axonic Insurance Services LLC product or the timing of the issuance or sale of the Axonic Insurance Services LLC product or in the determination or calculation of the equation by which the Axonic International product is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Axonic International product. There is no assurance that investment products based on the S&P 500 will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE [INDEX] OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY Axonic Insurance Services LLC, OWNERS OF THE [LICENSEE PRODUCT], OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE [INDEX] OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND Axonic Insurance Services LLC, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. Nasdaq 100® - Nasdaq® and Nasdaq 100® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Axonic International LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).