This policy is an equity-linked predominantly investment product. You may add lump sums from time to time or invest a fixed sum periodically. Your accumulating values can be encashed from time to time. The Plan offers nominal insurance coverage and can be surrendered at any time for the bid value of the total of the units allocated to the policy less a transaction fee. This transaction fee can be varied by the company from time to time.

Insurance Coverage

The policy provides nominal life insurance. In the event of death, the benefit payable is the aggregate of the sum insured and the Fund Value.

Premium Payments

The Initial Premium is payable on the Issue Date. Additional Irregular Single Premiums may be paid at any time during the lifetime of the policy. Both the Initial Premium and any Additional Irregular Single Premiums are subject to a minimum amount that the Company may vary from time to time.

Allocation to the Fund

100% of all premiums paid will be allocated to the fund. $100 is deducted from the Initial Premium to fund the Sum Insured.

Encashments

You may encash units from any of the Sagicor Life Jamaica Investment Funds at any time subject to a minimum encashment value and a transaction fee. The transaction fee and the minimum encashment value are determined by the Company from time to time.

Surrender Value

You may surrender your plan at any time for its Fund Value, which equals the value of all the units allocated to the plan, less the transaction fee.