The Sagicor Premium Saver Plan is an interest-sensitive insurance plan available to anyone up to the age of 80, which offers a flexible approach to your personal financial planning needs whilst providing nominal life coverage.

Maximum coverage varies with age at issue from $10,000 to $100,000. You may contribute any premium, subject to both a minimum amount ($500 monthly) and a maximum ($5,000 monthly). These amounts are determined by the company from time to time.

Features

You may pay premiums monthly, quarterly, half-yearly or yearly.

Allocation To Funds

100% of each Basic Premium paid is allocated to purchase units in the Interest Fund at the offer price each policy year. Each month, units are canceled from the Interest Fund to pay the cost of the Insurance and the Administration Charge. In the first month, there is a further Administration Charge representing the Stamp Duty.

Encashments

You may encash units from the Interest Fund, 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.

Cash Value

You may surrender your plan at any time for its Cash Value, which equals the value of all the units allocated to the plan, less a transaction fee which is determined by the Company from time to time.

Life Insurance Cover

The benefit payable on death is the greater of the Sum Insured and the Cash Value. Different premium rates apply for each option. The minimum amount paid on death is the Sum Insured applicable at the date of death.

Non-Payment of Premiums

Thirty days of grace are allowed for the payment of any premium from its due date. In the event that premiums are not received within this period, the Sum Insured remains payable provided that the value of the units in the Interest Fund is sufficient to cover the monthly charges. If the value of the units in the Interest Fund is no longer sufficient to cover the monthly deductions, the plan lapses.

Interest Fund

The Interest Fund is a fund operated and administered by the Company. The Fund is invested in Fixed Income securities, tradeable equities and real estate. The constituent investments and the proportions in which they are maintained may be varied by the Company from time to time. The rate of growth of this Fund will be set monthly in advance and guaranteed for a period of one month (or such other period as the Company may determine from time to time). Consequently, the offer and bid prices of the Units in the Interest Fund are not likely to decrease in value. However, with respect to the calculation of surrender proceeds, the Company reserves the right to use a lower unit price than that published.

Current Charges Applicable to Sagicor Premium Saver Policies:

Within 30 days of each anniversary, the Company will provide you with a certificate showing:

• Administration Charge $2.50 per month

• Transaction Fee & Policy Year

- 5% - 1st Year

- 4% - 2nd Year

- 3% - 3rd Year

- 1% - 5th Year and over

The transaction fee is applicable to Partial Withdrawals of a Full Surrender. For Partial Withdrawals, the Transaction Fee is the relevant percentage of the amount withdrawn. For Full Surrenders, the Transaction Fee is the relevant percentage of the cash value.

Partial Withdrawals

The minimum amount to be withdrawn is $100.