Sage Indexed Universal Life

The policy owner may elect an income stream, based on the death benefit to be paid to the beneficiary. If the policy owner has made no election, the beneficiary may choose to receive a lump sum death benefit or an income stream based on the death benefit amount.

While the policy is in force, there are two death benefit options available, Level Death Benefit and Increasing Death Benefit.

• Cash value accumulation with less risk
• Customize and enhance your coverage with adjustable premium payments, a choice of death benefit options, multiple crediting strategy choices offering diversification, and optional policy riders
• Income tax-free^[1] death benefit
• Tax-free policy loans
• Tax deferral on credited interest along with interest compounding

The fixed loan option allows you to borrow funds against your Sage IUL policy and you will be charged a fixed rate of interest. Preferred loans are available starting the 11th policy year and the charge on the borrowed money is equal to the interest that is being credited to the cash value of the policy, resulting in a zero-cost loan. The maximum fixed loan amount is the cash surrender value less anticipated charges and loan interest from the date of the loan to the next policy anniversary.

Many people have concerns about how rising taxes might affect their current and future retirement savings. Used as part of an overall financial strategy, Sage IUL may help you save and keep more of your hard-earned dollars. The fact is, most retirement vehicles are either taxed when the contribution is made or taxed later when accessed. With Sage IUL, the cash value accumulates tax free^[1], and earned interest may also be accessed tax free^[1] through policy loans. Withdrawals, however, are subject to taxation. Sagicor does not provide tax planning advice. Please consult your tax advisor.

A loan may be a cost-effective way to access accrued funds from your Sage IUL policy. There are two types of loans that may be made from your Sage IUL policy, a fixed and a variable loan.

In addition to loans, you have the option to make withdrawals from your policy’s accumulated cash value. However, the money withdrawn will not earn interest, may be subject to taxation and can reduce your policy’s value, including the death benefit. In addition, withdrawals generally include:

• A transaction fee that is assessed per withdrawal
• A limit on the number of withdrawals that can be taken per policy year
• A minimum withdrawal of $500 and a maximum of 100% of the policy’s net cash surrender value
• Additional fees if the withdrawal reduces the policy’s face amount

The variable loan option allows borrowed funds to continue to track the underlying market indexes earning some credited interest. Because the interest rate charge on the loan is variable, it can fluctuate over time, meaning you may earn more, or less than the interest rate charged on the money borrowed. The maximum variable loan amount is the account value of the index strategies. The accumulated value less the variable loan amount must exceed the anticipated charges and loan interest from the date of the loan to the next policy anniversary.