This policy is a non-participating, equity-linked investment product which offers nominal insurance coverage and can be surrendered at any time for the bid value of the total of the units allocated to the policy less a transaction fee which is currently $1,000. This transaction fee can be varied by the company from time to time.
The policy provides nominal life insurance of $1,000.00. In the event of death, the benefit payable is the aggregate of the sum insured and the Fund Value.
You may encash units from any of the Sagicor Life Jamaica Investment Funds at any time subject to a minimum encashment value and a transaction fee. The transaction fee and the minimum encashment value are determined by the Company from time to time.
The Balanced Fund, the Equity Fund, the Fixed Income Fund, the Foreign Currency Fund and the Fixed Interest Fund are separate and identifiable funds investing in a variety of assets. Units in these Funds are purchased by an Initial Premium and by any subsequent Irregular Premiums. The values of the Units fluctuate with the market value of the assets in the Funds. Hence, the value of your investment in the Funds is not guaranteed in monetary terms.
- Fixed Income Fund
- Equity Fund
- Foreign Currency Indexed Fund
- Real Estate Fund
- Money Market Fund
- International Equity Fund
- Real Growth Fund
- Balanced Fund
Valuation of the Fund
The value of the offer and bid prices of the Units in these Funds will be determined on the same day.
- Investment taxes at the rate charged by the Government.
- Transfer costs.
- Brokers' fees.
- Valuation fees.
- Other expenses associated with the purchase, maintenance and sale of assets.
- Management fees.
- Interest due on any amounts borrowed by the Funds.