Saving wisely for the future requires diversity. Traditional savings plans may guarantee principal and a fixed rate of return. Investments such as mutual funds offer greater potential returns but also greater risk of market volatility and loss of principal.
Sagicor’s Sage Select Fixed Indexed Single Premium Deferred Annuity (Sage Select FIA) provides an opportunity to benefit from index-linked crediting rates while protecting your premium and credited interest when the market is down.
Sagicor's Sage Select FIA offers three distinct crediting strategies for diversification. You can transfer or change interest crediting strategies at the end of each 1-year term period, subject to contract provisions.
Fixed interest rate declared by Sagicor that is guaranteed for one year.
One year point-to-point indexed strategy linked to the S&P 500® Index.
One year point-to-point indexed strategy that utilizes the S&P 500®, Euro Stoxx 50® and Hang Seng® indices.
S&P 500® Index: Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
EURO STOXX 50® Index is an index of 50 leading European companies. The index provides a blue-chip stock representation from those countries participating in the European Economic and Monetary Union. Each component's weight is capped at 10% of the index's value to avoid single stock domination.
Hang Seng® Index is an index of 48 of the largest companies listed on the Hong Kong stock exchange. It is a free float adjusted capitalization-weighted index of companies with a 15% cap to avoid single stock domination.
A 4% bonus (100% vested day 1) is automatically added to the single premium paid at issue.
Select from allocation options with a distinctive and globally diverse choice of index strategies.
The index-linked interest that is credited to you will never be less than 0%. This means a downturn in the market index cannot decrease your account values.
Withdrawals are allowed at any time and may be subject to a surrender charge.
Beginning in the second contract year, you may withdraw1 up to 10% each year of the account value without a surrender charge. If the 10% is not withdrawn, it will be cumulatively added to the next year's maximum free withdrawal percentage, up to 50%.
Under the Penalty Free Withdrawal provision, if you qualify for the nursing home facility or confined care facility benefit, you can withdraw 100% of the contract value without a surrender charge. This provides you with peace of mind knowing that you have full access to your money at a time when you may need it most.
Each year, between contract years 13 through 32, we will calculate a withdrawal that you may take during the year. You are not required to withdraw this amount and any unused amount will be applied to the following year. You will be entitled to withdraw this amount even if it exceeds the account value.
There are several options for guaranteed income such as a fixed payment amount, payments for a fixed number of years, or payment guaranteed for life.
Transfers among the crediting options are permitted at the end of each 1-year term period.
If the contract is cancelled within 30 days after delivery, your premium paid, less any withdrawals and surrender charges, will be refunded. Any bonus credited will not be refunded.
No front end charges or annual fees.
Your ability to earn interest is compounded because:
You do not pay taxes on your earnings until the money is paid out to you.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Sagicor Life Insurance Company (Sagicor). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Sagicor. Sagicor’s Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The Products based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.
The Hang Seng Index (the “Index”) is published and compiled by Hang Seng Indexes Company HSI Services Limited pursuant to a license from Hang Seng Data Services Limited. The mark(s) and name(s) Hang Seng Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company HSI Services Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by Sagicor Life Insurance Company in connection with the Policy (the “Product”), BUT NEITHER HANG SENG INDEXES COMPANY HSI SERVICES LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by HSI Services Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HSI SERVICES HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BY SAGICOR LIFE INSURANCE COMPANY IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HSI SERVICESHANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HSI SERVICES HANG SENG INDEXES COMPANY LIMITED AND/ OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on HSI Services Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and HSI Services Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.
If you have questions about the contract and riders, please contact your insurance agent. Products issued by Sagicor Life Insurance Company. Not available in all states and variations may apply. Sagicor does not provide tax, legal or accounting advice. Home Office: Scottsdale, Arizona.
Contract Forms: ICC143006, 3006CA, 3006FL, 3006ND, 3006SD, ICC145047, 5047, 5047FL
Not FDIC insured. Not insured by any federal agency. Not a deposit or other obligation of the bank. Not bank guaranteed.