ANNUITIES

Platinum Series Fixed Indexed Annuity

SAFETY WITH DIVERSITY OF CHOICE

Saving wisely for the future requires diversity. Traditional savings plans may guarantee principle and a fixed rate of return, while investments such as mutual funds offer greater potential returns but also carry more risk. A fixed indexed annuity may be a solution for part of your safe money because your initial deposit is guaranteed when held to term, indexed linked earnings are "locked in", there's growth potential and tax deferral advantages.

Why A Sagicor Life Platinum Fixed Indexed Annuity?

• Earns interest/index credits in the same way as the premium allocated to each strategy
• Diverse allocation with distinctive and globally diverse choice of index strategies
• Access to Funds - After the first year, the owner may withdraw up to 10% of the account value without a surrender charge
• Safety of Premium - Your premium is never subject to market index risk
• Guaranteed - A downturn in the market index cannot have a negative impact on your contract values
• Multiple Crediting Strategies - Declared 1 Year Fixed Rate, S&P 500® Indexed Linked Strategy, Global Index Linked Strategies
• No Front End Charges or Loads - 100% of your premium is working for you. (Reasonable surrender charges may apply).
• Bonus version - Sagicor Life will add 5% of the single premium paid at issue. (Bonus version subject to higher surrender charges).

Interest Crediting Strategies

Sagicor Life is introducing a new generation of indexed linked annuity products. Instead of using a single index as the basis for its indexed interest, the Platinum Series Fixed Indexed Annuity uses multiple interest crediting strategies. You have the option to allocate all or a portion of your premium to any of the interest crediting strategies offered.

• Declared Rate Strategy [1]-This fixed interest strategy interest rate will be declared by Sagicor Life at the beginning of each one year term period and is guaranteed for the term. Interest will be credited daily to the declared rate account.
• Index Strategy [1] - S&P 500®, Stand Alone with a Cap-This is a one year point-to-point strategy based on an annual reset index strategy of the S&P 500® index. Interest is credited at the end of the year, and is based solely upon any positive change in the index value which is subject to a floor of 0% and a maximum equal to the Cap. The Cap is declared in advance, is guaranteed for one year and may change annually.
• Index Strategy [2] - Global Basket Index with a Participation Rate-This is a three year point-to-point strategy based on three indices in a "basket" - the Russell® 2000, the Dow Jones EURO STOXX 50® and the Hang Seng Index. Interest credited at the end of the term, which is defined as the earlier of the owner's death or three years. Interest is based solely upon the ending index value and starting index value for each of these three indices. 60% of the best performing index and 40% of the second best performing index are added together, and then multiplied by a participation rate which will be declared at contract issue.

Allocation Dates

There are four allocation dates each month: 1st, 8th, 15th and 22nd. The index value will be based upon the closing value of the index on the allocation date, or if the allocation date is not a business day, then on the last business day. A business day is defined as a day when the New York Stock Exchange is open.

Allocation Transfers

Allocation transfers among the index options are permitted at the end of the one year term for the Declared Rate Strategy and Indexed Strategy [1], and at the end of the three year term for Index Strategy [2].

Free Partial Withdrawal Benefit

Beginning the second year and each year thereafter, the Owner may withdraw up to 10% of the account value without a surrender charge. If the Owner withdraws a required minimum distribution (applicable to qualified contracts) and the distribution exceeds the remaining penalty-free amount, the applicable surrender charge will not apply on the excess amount.

Guaranteed Minimum Withdrawal Benefit

The contract provides a guaranteed withdrawal benefit provision beginning in the eleventh year. This means the owner may withdraw 10% of the initial deposit from the beginning of the year account value starting in the 11th year for up to 20 years, (providing no withdrawals have been taken) regardless of actual interest credited to the contract. The withdrawal benefit is also cumulative. (refer to contract for details).

Checkbook Form

For added convenience a checkbook type form, processed by Sagicor Life's home office, is made available with the issuance of the contract.

Surrender Charge

The Fixed Indexed Annuity is not subject to any up front sales charge. However, during the first nine (9) years that you own your contract, there is a penalty called surrender charge that will be incurred for withdrawals in excess of the maximum free partial withdrawal amount. Surrender charge by contract year are as follows: Year 1 = 9%, Year 2 = 8%, Year 3 = 7%, Year 4 = 6%, Year 5 = 5%, Year 6 = 4%, Year 7 = 3%, Year 8 = 2%, Year 9 = 1%, Year 10 = 0%. The surrender charge does not apply in the event of the owner's death or in instances when the waiver of surrender charge rider is available.

For the Fixed Indexed Annuity with 5% Bonus, the surrender charges are: Year 1 = 15%, Year 2 = 14%, Year 3 = 13%, Year 4 = 12%, Year 5 = 11%, Year 6 = 9%, Year 7 = 7%, Year 8 = 5%, Year 9 = 3%, Year 10 = 0%.

Disclosure

Insurance products are issued by Sagicor Life Insurance Company, a member of the Sagicor Group. Sagicor Life Insurance Company is licensed in 44 states and the District of Columbia and is rated A- (Excellent) by AM Best. Product availability and features may vary by state. Some riders may have additional fees and expenses associated with them. The product descriptions provided on this website are not intended to constitute an offer to sell or a solicitation to buy any product. Consumers interested in Sagicor Life products should contact their local registered Sagicor Life Producer.