The Guardian Lifesaver is a non-medical, equity-linked, universal life plan with a level cost of insurance charges. The plan provides coverage for protection and critical illnesses and offers the opportunity to invest in five funds through which one can accumulate funds for that special purpose. Its purpose is to provide funds for education, retirement, business start-up and opportunity fund. The minimum coverage is $1,000,000 and the maximum coverage is $10,000,000. The issue age is between 18 to 75 years. The current minimum coverage for all ages is $350,000. This amount may be changed from time to time at the discretion of Guardian Life Limited. Maximum coverage: $5,000,000 (ages 18 to 70) and $500,000 (ages 71 - 75).

Rider Coverage

For an extra premium the Guardian Care Critical Illness Rider which covers Cancer, Stroke, Major Burns and Heart attack, may be added.

Death Benefit

The amount payable upon death is graduated based on the age of the policy as follows:

• Up to 12 months - a refund of premiums plus the accumulated value of the units

• 13 to 18 months - 50% of the Sum Assured plus the accumulated value of the units

• 19 to 24 months - 75% of the Sum Assured plus the accumulated value of the units

• Over 24 months – 100% of the Sum Assured plus the accumulated value of the units

Notwithstanding, if death is by accident, 100% of the Sum Assured is payable. If death is by suicide with two years of issue or reinstatement of the policy, the death benefit will be limited to the surrender benefit.

Surrender Benefit

The amount payable is the value of the units allocated to the policy less a surrender charge.

Maturity Benefit

The plan matures at age 100 with the amount payable being the Sum Assured and the accumulated value of the units.

Non-Payment of Premiums

If a premium is not paid within the 30 days grace period, units from the Funds will be automatically surrendered to pay premiums. Once the units have been exhausted, the policy will lapse and all benefits will cease.