Great‐West Financial annuities receive top rankings by Barron’s

Capital Choice joins Smart Track Advisor as best‐in‐category

GREENWOOD VILLAGE, Colo., July 23, 2018 — Great‐West Financial® announced today that a pair of the firm’s annuity solutions are tops in their categories among "The 50 Best Annuities" as selected by Barron’s1.

Great‐West Smart Track® Advisor Variable Annuity is a fee‐based variable annuity that provides a dual strategy to investors: tax‐deferred investment growth potential and lifetime retirement income. SmartTrack Advisor was top‐ranked by Barron’s in the “Traditional Variable Annuity” category for the second year in a row.

Launched earlier this year, Great‐West Capital Choice Index‐linked Annuity is an index‐linked annuity that offers the potential for growth of principal through market gains — up to a specified cap — while managing risk during periods of market decline through pre‐established measures of protection strategies.2 Capital Choice was Barron’s top pick in the “Buffer Annuities” category among commission‐based solutions.

“We are extremely proud of the work we’ve done to provide our clients with some of the best annuity solutions in the market,” said Bob Shaw, president of Individual Markets for Great‐West Financial. “Great‐West Financial’s continued inclusion in the Barron’s rankings demonstrates our core commitment to offering clients the unique solutions they need.”

Barron’s used a number of factors to determine the rankings including assumptions such as age and size of investment. Only insurers with an A.M. Best financial strength rating of A‐ or above were considered, according to the publication.

About Great‐West Financial

Established nearly 125 years ago, Great‐West Financial’s offerings range from investments, life insurance, annuities and executive benefits products marketed under the Great‐West Financial brand to retirement savings products and services provided by the Empower Retirement brand.

Media Contact:

Stephen Gawlik | Office: 303‐737‐0899 | Cell: 617‐417‐4408 | stephen.gawlik@greatwest.com

Monica Mendoza | Office: 303‐737‐2626 | Cell: 719‐373‐2460 | monica.mendoza@greatwest.com

1Barrons’s, July 23, 2018

2Protection options are referred to as crediting factors in prospectus.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which the communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll‐free 877‐723‐8723.

Carefully consider the investment objectives, risks, fees and expenses of the annuity and/or the investment options. Contact us for a prospectus, a summary prospectus and disclosure document, as available, containing this information. Read them carefully before investing.

Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great‐West Life & Annuity Insurance Company.

Variable annuities are long‐term, tax‐deferred investments designed for retirement. They have associated contract fees, involve investment risks and may lose value. Withdrawals and earnings are taxable as ordinary income when distributed and may be subject to a withdrawal charge and a 10% additional tax if withdrawn before age 59½. Great‐West Smart Track products may not be suitable for all investors. Fees and charges may include, but are not limited to, mortality and expense risk charges, sales charges, withdrawal charges, surrender charges, administrative fees, and charges for optional benefits as well as charges for the underlying investment options.

Index‐linked annuities are long‐term, tax‐deferred investments designed for accumulation. They have associated contract fees, involve investment risks subject to the underlying indices and may lose value. Earnings are taxable as ordinary income when distributed. Withdrawals in excess of the free amount, or full surrender of the contract, may be subject to withdrawal or surrender charges and may apply a market value (or similar) adjustment that may increase or decrease the amount an investor will receive. Withdrawals made prior to age 59½ may be subject to a 10% additional tax.

Index linked annuity contracts (ILVA‐Core, ILMGA‐Core) and appropriate state variations are issued by GWL&A. GWL&A is not licensed to do business in New York. Contracts may not be available in all states.

Interstate Compact contract form numbers ICC16‐J100 Series (Individual Flexible Premium Variable Annuity), ICC16‐AM‐SIF, ICC16‐AM‐SIP, ICC16‐AM‐SIM (Guaranteed Lifetime Withdrawal Benefit Riders are issued by GWL&A. GWL&A is not licensed to do business in New York. In New York, contract form numbers J100ny (Individual Flexible Premium Variable Annuities) SIF‐AMny, SIP‐AMny, SIM‐AMny (Guaranteed Lifetime Withdrawal Benefit Riders) are issued by GWL&A of NY. Contracts may not be available in all states.

Great‐West Financial® , Empower Retirement and Great‐West Investments are brand names of Great‐West Life & Annuity Insurance Company (Greenwood Village, CO); Great‐West Life & Annuity Insurance Company of New York (New York, NY); and their subsidiaries and affiliates. GWL&A is an indirect, wholly owned subsidiary of Great‐West LifeCo, Inc. Power Financial Corporation holds a controlling interest in LifeCo. LifeCo and Power Financial do not guarantee products or services of GWL&A or its subsidiaries.

©2018 Great‐West Life & Annuity Insurance Company. All rights reserved. AM‐555022‐0723