PERMANENT LIFEPlatinum Series Fixed Indexed Universal LifeIMMEDIATE DEATH BENEFIT PROTECTION WITH STRONG ACCUMULATION VALUE POTENTIALProtect What Matters Most:
Protection for Today and Security for TomorrowLooking for a life insurance plan that can provide immediate death benefit protection with the potential for considerable growth in Accumulation Value? Sagicor Platinum Series Fixed Indexed Universal Life, ("FIUL") is a flexible premium universal life insurance policy that may be the perfect choice for protecting your dreams while it helps you to achieve your long term financial goals. Like non-indexed universal life insurance policies, Sagicor FIUL accumulates value over time through credited interest. Non-indexed universal life policies are credited interest based on an interest rate set by the company. With Sagicor FIUL, the interest rate credited may be based in part on the performance of one or more financial indices. It is this feature that provides the opportunity for significantly enhanced growth. Sagicor FIUL allows you to choose among three diverse crediting strategies, giving you control and flexibility over what crediting strategies are utilized in determining your Policy's credited interest. Multiple crediting strategies can be selected for a customized approach. Strategies can be changed at the end of any strategy's Term Period should your future circumstances change. Sagicor FIUL is permanent life insurance and is not a variable contract nor any type of investment contract. The Policy is non-participating, so it is not eligible for dividends. Upon an Insured's death, the proceeds are paid to the named Beneficiary. Sagicor FIUL is available to individuals age 15 days to 85 years with a minimum face amount of $50,000. FEATURES AND BENEFITSNo Lapse GuaranteeThe Policy is guaranteed to remain in force during the first five policy years if the sum of all Premiums paid less Partial Withdrawals and Indebtedness, is greater than or equal to the cumulative No Lapse Monthly Premium. Significant Growth PotentialSophisticated index linked crediting strategies offer the potential for significant growth in Accumulation Value on a tax-deferred basis with no market risk. This makes Sagicor FIUL ideal for achieving long term financial goals. Interest Crediting ChoicesThree distinct crediting strategies for wealth management and diversification:
Triple Tax-AdvantageSagicor FIUL provides tax-deferred interest earning on the Accumulation Value, the compounding of interest is tax-deferred, and the Death Benefit is free from federal income taxes in most cases. Access to FundsSee Loans and Withdrawals sections for details. CREDITING STRATEGIESDeclared Rate Srategy [1] (Fixed Rate) - Declared Rate Strategy 1 offers a fixed interest rate declared by Sagicor that is guaranteed for one year. At each anniversary, Sagicor may change the rate for the following year, but the rate will never be less than the guaranteed annual interest rate of 2% per year. Transfers are permitted at the end of the one year Term Period. Indexed Strategy [1] (S&P 500® Index) - This index strategy is linked to the S&P 500® Index. The Indexed Interest Rate is calculated by dividing the index value at the end Term Period by the index value at the beginning of the Term Period and subtracting 1. The Indexed Interest Rate is subject to the appropriate Participation Rate and Cap. There is a Minimum Cap of 4% and the minimum credited rate is 0%. Transfers are permitted at the end of the one year Term Period. Indexed Strategy [2] (Global Look-Back Basket) - This indexed strategy is a "basket" of indices and utilizes a three (3) year "global look-back". Currently the Russell® 2000 Index, EURO STOXX 50® Index and the Hang Seng Index are used in the "basket". The Indexed Interest Rate is calculated using 60% of the return of the best performing index, plus 40% of the return of the second best performing index and is subject to the appropriate Participation Rate and Cap. The worst performing index over the Term Period is not used when determining the indexed interest rate. This strategy provides an opportunity to benefit from globally diversified indices that do not necessarily move in the same direction at the same time. The Minimum Participation Rate is 20% and the minimum credited rate is 0%. Transfers are permitted at the end of the three year Term Period. HOW DOES IT WORK?Your allocation strategy is determined by you at the time of application and can be made up of any of the three interest crediting strategies, in any proportion, as long as the Allocation Percentages total 100%. Your funds, less the premium load, are credited to the holding account where interest is added and charges are deducted. On the next allocation date, 100% of the holding account balance is allocated to the strategies of your choice. LOANSPolicy Loans (varies by state and 6% interest charge in arrears) are allowed anytime after the policy has a cash value1 or after the first Policy Anniversary2. WITHDRAWALSPartial Withdrawals are allowed after the first Policy year. One Partial Withdrawal is allowed during each Policy year. There is a $25 transaction fee for each Partial Withdrawal taken. The maximum Partial Withdrawal is the Net Surrender Value less $500. The minimum Partial Withdrawal plus transaction fee must be at least $500. ACCELERATED BENEFIT INSURANCE RIDERThis rider advances a portion of the Eligible Death Benefit Proceeds if eligibility requirements are satisfied for the Terminal Condition or Chronic Illness3. OPTIONAL RIDERS4Optional Riders, for an additional cost, provide the opportunity to customize your insurance Policy to suit your circumstances and objectives. Accidental Death Benefit - The Accidental Death Benefit Rider provides an additional Death Benefit if death is a result of a covered accident as defined in the rider. The additional Death Benefit may be an amount up to the Face Amount of the base Policy, not to exceed $250,000. The minimum amount is $25,000. Waiver of Monthly Deductions Rider - The Waiver of Monthly Deduction Rider waives the Monthly Deductions for as long as the Insured meets the definition of totally disabled and Proof of Continuance of Disability is provided. Primary Insured Term Rider - The Primary Insured Term Rider pays the Primary Insured Rider Benefit Amount to the Rider Beneficiary upon the death of the Insured while the Policy and this Rider are in force. The Primary Insured Rider Benefit Amount will be included in the Policy proceeds. Additional Insured Term Rider - The Additional Insured Term Rider pays the Additional Insured Rider Benefit Amount shown on the Rider Charges Page, to the Rider Beneficiary upon death of the Additional Insured while the Policy and this Rider are in force. Children's Term Rider - The Children's Term Rider provides level term life insurance for all eligible children. At the end of the Term Period, the Rider benefit may be converted to a permanent policy up to five (5) times the original amount. 1 Applies in these states only: CO, GA, HI, IA, ID, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NE, NC, NJ, NM, OH, OK, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV, WY. DisclosureInsurance 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. DOWNLOAD
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