Universal Investor is a high yielding insurance investment plan with a basic $2000 Life Insurance Coverage. It is a 'nifty' investment vehicle for the astute individual who enjoys the flexibility of paying a small monthly premium ($100.00), but having the option to invest additional monies when desired.
  • Issue Age is 0 - 90 years
  • Maximum coverage is $2,000

WHO IS ELIGIBLE TO APPLY?

Anyone who wishes to have the opportunity to make an excellent return on their investment.

WHAT ADDITIONAL BENEFITS CAN I EXPECT?

The Universal Investor also has an in built death benefit. The death benefit payable is the sum insured plus the value of units.

HOW MUCH WILL IT COST?

The minimum monthly contribution is $100.00, however you may invest any additional monies you wish, bearing in mind that the greater the investment, the greater the potential return.

ALLOCATION OF FUNDS

For the first and second policy years, 10% of each Basic Premium is allocated to purchase units in any combination of your choosing in the Sagicor Cayman Investment Funds and 80% of Basic Premium is allocated in the third and subsequent policy years. 100% of each Investment Premium paid is allocated to purchase units in any combination of your choosing in the Sagicor Cayman Investment Funds. Each month, units are cancelled from the Fund to pay the Cost of Insurance and the Administration Charge. In the first month, there is a further Administration Charge representing the Stamp Duty.

ADMINISTRATION CHARGE?

Stamp duty in the first month only. The stamp duty is currently 0.01% of the sum insured subject to a minimum of $25 and a maximum of $200.

TRANSACTION FEE?

Applicable to partial withdrawals, an amount which shall not exceed two percent (2%) of the amount of unit encashment.

No transaction fee applies to indexation.

POLICY FEE?

An indexed policy fee of $60 is included in the total basic premium.

These charges may be subject to change from time to time by the company.

HOW GREAT IS THE UNIVERSAL INVESTOR?

The greater the return, the greater the risk this is the premise upon which most investments are made. However, the Universal Investor guarantee the sum insured, but the values of all other benefits are not guaranteed and will fluctuate with the market values of the assets of the funds.

WHEN CAN I CASH IN SOME UN ITS OR TOTALLY SURRENDER THE POLICY?

Universal Investor is a flexible investment vehicle, so it is very much left to your discretion, however for best results we recommend that you allow your investment to remain untampered with for three years.

HOW IS MY INVESTMENT MANAGED?

Firstly, your money is managed by Sagicor Life's investment team, who have a proven track record for outstanding performance.

Secondly, your money is invested in a diverse portfolio within the Cayman Investment Fund and International equity Fund. The diversifying of your investments assists in minimizing risk.

Thirdly, Annual Statements are provided to ensure that you are updated about all transactions made i.e, deposits and encashments, in addition information concerning current values of the units is also given.

WHY SHOULD I REALLY CHOOSE THE UNIVERSAL INVESTOR?

To summarize:
  • Excellent Returns
  • Flexible Deposits
  • Inexpensive Premiums
  • Guaranteed Sum insured
  • Guaranteed Death benefit
  • Efficient Investment Management team

Cayman Investment Fund

This fund seeks to maximise returns by beating its benchmark, US inflation.

International Equity Fund

This fund seeks to maximise returns by beating its benchmark, the S&P 500 Index.

Investment Objectives

All investors have financial objectives they are seeking to achieve and Sagicor Investment Funds were created to assist individual investors in attaining these goals. The specific objectives may be wide and varied but they all fit into the broad categories listed below.

  • Education/Personal Development
  • Asset/Wealth Accumulation
  • Retirement Planning
  • Estate Planning

Investment Philosophy

Investors need to create their own investment philosophy/policy tailored to meet their:

  • Risk Profile/Tolerance
  • Investment Horizon
  • Investment Objectives
  • Performance Benchmarks

PERFORMANCE STRATEGY

Investors need to create their own investment philosophy/policy tailored to meet their:

  1. CAYMAN INVESTMENT FUND (CIF)

    This fund invests in listed securities on regional and international exchanges, as well as Bonds.

  2. INTERNATIONAL EQUITY FUND (IEF)

    This fund invests in listed securities on the international exchanges. This fund seeks to maximize returns by beating its benchmark, the Standard & Poors 500 index.

FUNDS BENCHMARK
CAYMAN INVESTMENT FUND US INFLATION
INTERNATIONAL EQUITY FUNDS S&P 500 INDEX
Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Universal Investor 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.
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