|This is an interest sensitive plan available to anyone up to the age of 80 years, which offers a good savings return while providing life coverage.|
- Maximum premium is $5,000 per month
- Minimum premium is $500 per month
Life Insurance Cover / Death Benefit
This is a fixed amount that varies by age at time of issue. The benefit payable on death is the greater of the
and cash value.
The minimum amount paid on death is the sum insured
calculated at the date of death.
At every anniversary of the issue date
the Unit Allocation Amount of each Basic Premium is 100% in each policy year.
The Unit Allocation Amounts assume premium taxes at the rate of 3% of each premium and the
Company reserves the right to adjust these amounts based on changes in the tax rate.
Units may be encashed from the Interest Fund
at any time subject to a minimum encashment value of $3,000 and a transaction fee as determined by the
Cash Surrender Value
The plan can be surrendered at any time for its cash value,
which is equal to the value of all units allocated to the plan less a
Non-Payment of Premiums
Thirty days grace is allowed for the payment of any premium from its due date.
|Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Premium Saver plan. Sagicor does not accept liability for the accuracy and completeness of the information provided herein and refer you to your policy contract for full details on the plan.|