Retirement Annuity & Preservation Funds
|
|
- Ami Robinson
- 6 years ago
- Views:
Transcription
1 FLASH FACT February 2014 FLASH 2 Cumulus Echo Retirement Annuity & Preservation Funds NEW BUSINESS AND CONVERSIONS Conversions from Legacy to Cumulus Echo Give universal life and other old generation (Legacy) retirement annuity and preservation fund plans a new lease on life! How? By simply converting them to our Cumulus Echo retirement savings product range with our unique approach to the loyalty bonus concept the Echo Bonus! Unique Echo Bonus percentages: Each converted plan gets its own unique set of Echo Bonus percentages which leaves the plan in the same or better position at retirement after conversion. In addition, any contribution increases and ad hoc one-off additions on the converted plan will be treated exactly the same as new business Cumulus Echo. Product structure: Conversions to Cumulus Echo are available for retirement annuities and preservation fund plans. The option to select the For Professionals and For Graduates versions of the Cumulus Echo Retirement Annuity is also available - provided the client complies with the underwriting criteria applicable to new business. If the client has a Legacy Cobalt for Professionals Retirement Annuity, it will automatically be converted to the Cumulus Echo Retirement Annuity for Professionals. The Comprehensive and Comprehensive R28 options are available. The Core option is not available for Cumulus Echo conversions. 1
2 Investment funds The same range of investment funds available for new business Cumulus Echo applies to Cumulus Echo conversions. Similar to new business, if the Comprehensive option is chosen, the client can select from Regulation 28 compliant and non-compliant funds. The client however has to ensure that the selected portfolio is Regulation 28 compliant. Within the Comprehensive option the client has the option to select Comprehensive R28 which limits the client to only Regulation 28 compliant investment funds. This option includes the Cumulus Echo Life Time Investment Option. It is possible to change between Comprehensive and Comprehensive R28 at any time and it is free of charge. NOTES Important notes Legacy plans with active recurring contributions If recurring contributions are currently being made to the Legacy plan, there are no minimum requirements for the plan to be converted. The plan can be converted with its current contribution level. Paid-up Legacy plans or with one-off contributions only If the Legacy plan is paid-up or consists of one-off contributions only, and the fund value is less than R10 000, a recurring contribution of at least R250 per month must be added for the conversion to be allowed. Recurring contributions must apply from the conversion date as they cannot be added later. If the fund value of a Legacy preservation fund plan is less than R10 000, a conversion is not allowed. Minimum recurring contribution increase Similar to Cumulus Echo new business, the minimum recurring contribution increase is R150 per month, but also subject to a minimum contribution of R250 per month after the conversion. Note: If the Legacy recurring contribution before the conversion is lower than its previous highest contribution and the contribution is increased on conversion date, part of the contribution reduction charge levied on this Legacy plan when its contribution was reduced, if any, will be added to the conversion value. A contribution reduction on the conversion date is not allowed. The contribution can be reduced either before the conversion (on the Legacy plan), or after the conversion has been completed. An ad hoc one-off contribution is not allowed on the conversion date only after the conversion has been completed. The minimum ad hoc one-off contribution is R
3 Minimum and maximum terms Years The minimum retirement age is 55 next birthday There is no maximum retirement age The minimum term is 2 years, subject to the minimum retirement age If the client wants to increase the term at the time of the conversion, the maximum term is determined as the greater of 65 less actual age on conversion date and 10 years. Legacy table codes that may qualify RETIREMENT ANNUITY PRESERVATION FUND Universal life T334, T434, T534 T360, T361, T460, T461, T560, T Plus T125, T127, T128, T135, T136, T137 BIN T325, T425, T327, T427, T328, T428 Notes: Conversions to Stratus are no longer available including conversions from Reversionary Bonus Series plans. The option to convert Reversionary Bonus Series plans to Cumulus Echo will be made available at a later date. Legacy PPS Retirement Annuity plans cannot be converted to Cumulus Echo. Conversions to Stratus are still available for these plans. A Legacy plan which is part of an employee scheme can be converted. Waiver of Contributions at Disability benefit This benefit is optional and can be added at the time of the conversion only. It cannot be added after the conversion has been completed. Full medical and occupational underwriting will be applicable. 3
4 Charge structure Conversion layer The charge structure which applies to the conversion layer is exactly the same as that for new business Cumulus Echo except for the Echo Bonus percentages and the factor used in the Echo Bonus calculation. Each converted plan gets its own unique set of Echo Bonus percentages which leaves the plan in the same or better position at retirement after conversion. The fund values before and after conversion is projected, allowing for any existing recurring contribution, if any, and increase, if any, at conversion. The Echo Bonus percentages are determined to give similar fund values at fixed intervals between the conversion and the retirement date on both scenarios. An assumed 10% per annum investment return is used. The resulting Echo Bonus percentages are rounded up to the higher 2%. For example: If the calculation as explained above results in an Echo Bonus of 14.3%, it is rounded up to 16%. The factor used in the Echo Bonus calculation for the conversion layer is one. Important notes about the projection: Any recurring contribution increase done on the conversion date will be projected using the same charge structure and Echo Bonus percentages applicable to similar new business Cumulus Echo. Indexplan (contractual contribution growth) which the plan may have is ignored because each future Indexplan growth is a new payment layer with the same charge structure and Echo Bonus percentages applicable to similar new business Cumulus Echo. Premiums for risk cover which may exist on the Legacy plan are also not taken into account as the risk cover will fall away when the plan is converted. The calculation will allow for any Sanlam Retirement Booster which could have existed on the Legacy plan. The projection before conversion excludes the smoothing charge which is levied on Legacy plans investing in the Stable Bonus Fund. The projection after conversion uses the same asset management charge which applies on the Legacy plan. The projection uses the Comprehensive R28 option for the converted plan. The projection after conversion includes a once-off transaction charge of R600. Recurring contribution increases and one-off additions on the converted plan These contributions are treated exactly the same as new business Cumulus Echo. This means that each increase or addition will be a new payment layer with its own Echo Bonus percentages which is applicable to new business. The factor used in the Echo Bonus calculation for each payment layer is also calculated exactly the same as for new business. 4
5 Alteration charge Early termination charge The early termination charge is a monetary amount calculated on the conversion date. It is equal to the early termination charge, if any, which applies to the Legacy plan on conversion date. For Legacy plans with one-off contributions only The charge runs off linearly to zero over the shortest of the remaining term and 5 years. For Legacy plans with recurring contributions or paid-up plans The charge runs off linearly to zero over the shortest of the remaining term and 10 years. Note: The early termination charge is not affected by any contribution increases or ad hoc one-off contributions done after the conversion date. These layers effectively have a zero alteration charge. Payment reduction charge If the recurring contribution is stopped, the payment reduction charge will be equal to 50% of the early termination charge, if any, at that point. For a contribution reduction of less than 100%, the charge is weighted by the percentage reduction in the contribution. For example: If the contribution is reduced by 50%, the payment reduction charge will be 25% of the early termination charge, if any, at that point. Note: If the contribution after a reduction is still higher than the total contribution on the conversion date, no payment reduction charge will be levied. The Echo Bonus factor for the relevant payment layer will however be affected. 5
6 NB Important considerations The Stable Bonus Fund (300 Plus) is a smoothed bonus type investment fund. This means that the investment return is smoothed over time. Currently such an investment fund is not available on Cumulus Echo. If a Legacy plan invested in this fund is converted to Cumulus Echo, smoothing of the investment return will no longer take place on the plan. For Legacy plans invested in the Stable Bonus Fund, the fund value, including all declared bonuses, is only guaranteed on the maturity date of the plan and at the death of the life insured. On other dates when the Stable Bonus Fund is underfunded, the fund value is adjusted with a market value adjuster in the calculation of the termination value. This is done to ensure the termination value doesn t exceed the market value of the underlying assets and therefore to protect the interests of clients who remain in the Stable Bonus Fund. The Stable Bonus Fund was overfunded on 31 December If a Legacy plan invested in this fund is converted to Cumulus Echo when the Stable Bonus Fund is overfunded, the client will not participate in the future bonus allocation that may potentially be higher than the future investment performance of the Stable Bonus Fund due to the overfunded position. The Stable Bonus Fund and Market Value Fund (400 Plus) offer an investment guarantee in terms of a minimum maturity value calculated as the net investment amount accumulated at a guarantee rate of 4.5% or 5% per annum. This type of guarantee is not available on Cumulus Echo and the minimum maturity value is forfeited if a conversion to Cumulus Echo is done. A conversion to Cumulus Echo is optional. If a client prefers to continue investing in any of the above funds and also wants to increase his or her retirement provision, a new Cumulus Echo Retirement Annuity will have to be taken out for the increased contribution. From end of March 2014, recurring contribution increases and ad hoc one-off additions are no longer allowed on Legacy plans. Existing contractual contribution growth is however still allowed to be continued. When a conversion to Cumulus Echo is done the converted plan must comply with the Regulation 28 asset limits. In particular clients with Legacy plans investing in the Sanlam Equity Fund or Offshore Equity Fund must take note of this requirement as they will lose the 100% equity and offshore exposure. With a conversion to Cumulus Echo the client will forfeit all life cover and rider benefits that may apply to the Legacy plan. There is an option (with certain terms and conditions) to transfer the life cover and rider benefits to a Matrix risk cover plan without medical underwriting. 6
7 Intermediary remuneration Any plan that started before 1 January 2009 falls under Part 3A of the Long-term Insurance Act. Therefore a converted plan falls under Part 3A because the start date of a converted plan is the same date as the original start date of the Legacy plan. Recurring contributions The maximum upfront 1st year commission payable on any increase in the recurring contribution on or after the conversion date, is calculated as specified under Part 3A. The level of upfront 1st year commission can be negotiated on conversion date only. It cannot be changed after the conversion has been completed. No 2nd year commission is payable on or applicable to Cumulus Echo conversions. Notes: Commission will be paid on contribution increases above the previous highest level of the Legacy plan only. The above also applies to Indexplan increases after the conversion. The vesting period of commission is 60 months similar to new business. One-off contributions The commission that may be negotiated is treated the same as that for new business. See article about Intermediary Remuneration. Fund-based fee For retirement annuity conversions a fund-based fee of up to 0.57% per annum (including VAT, if applicable) may be negotiated and added - irrespective of the level of the upfront commission negotiated or the conversion. For the conversion of Preservation Fund plans a fund-based fee of up to 1.14% per annum (including VAT, if applicable) may be negotiated and added. As is currently the case with any fund-based fees, the amount paid in any given year will be disclosed to the clients in their annual benefit statement. For conversions to Cumulus Echo it is required that the fund-based fee, if added at conversion or thereafter, must be renegotiated every 3 years from addition. 7
8 Notes V2938/2 03/ LICENSED FINANCIAL SERVICES PROVIDER 8
Retirement Annuity Plan. Plan description
Retirement Annuity Plan Plan description A person who wants to receive retirement annuity benefits, must be a member of a retirement annuity fund. To provide the benefits to the member, the retirement
More informationSanlam Cumulus Investments Recurring payments
For intermediaries June 2017 Sanlam Cumulus Investments Recurring payments Effective Annual Cost (EAC) The Effective Annual Cost (EAC) measure is an Association for Savings and Investment South Africa
More informationcumulus echo retirement plan conversion
cumulus echo retirement plan conversion Working of the plan In order to receive the retirement annuity benefits, you became a member of the Central Retirement Annuity Fund (the FUND). The FUND holds a
More informationcumulus echo retirement plan pension booster
cumulus echo retirement plan pension booster You are already a member of the Central Retirement Annuity Fund (the Fund). You apply on behalf of the Fund for the alteration of this plan with Sanlam Life
More informationRetirement Annuity Plan. Plan description
Retirement Annuity Plan Plan description A person who wants to receive retirement annuity benefits, must be a member of a retirement annuity fund. To provide the benefits to the member, the retirement
More informationThe minimum ad hoc recurring payment increase is R200 per month - subject to the restrictions under Section 54 of the Long-Term Insurance Act.
For intermediaries June 2017 Cumulus Investments with Recurring Payments Summary of technical information Cumulus Investments is an endowment with an investment term of 5 to 10 years. It is designed to
More informationThe payment, less charges, will be invested according to the existing investment allocation.
pension booster You are already a member of the Central Retirement Annuity Fund (the Fund). You apply on behalf of the Fund for the alteration of this plan with Sanlam Life Insurance Limited (Sanlam Life).
More informationcumulus echo retirement plan
cumulus echo retirement plan Working of the plan In order to receive the retirement annuity benefits, you must become a member of the Central Retirement Annuity Fund (the FUND). The FUND will take out
More informationCUMULUS ECHO PENSION AND PROVIDENT PRESERVERS
CUMULUS ECHO PENSION AND PROVIDENT PRESERVERS For your clients, leaving an employer is part of building a career. Help them preserve and grow their hard-earned retirement savings in a product which rewards
More informationSanlam Tax-free Investments
For intermediaries March 2015 Sanlam Tax-free Investments Sanlam Tax-Free Investments, a Sanlam Life product, offers clients the opportunity to earn tax-free returns on their investment. It is designed
More informationASISA RETAIL STANDARD ON EFFECTIVE ANNUAL COST (EAC) (referred to throughout as the Standard )
ASISA RETAIL STANDARD ON EFFECTIVE ANNUAL COST (EAC) (referred to throughout as the Standard ) 1. Introduction All ASISA members are committed to operating within the Treating Customers Fairly six outcomes
More informationCumulus Echo Retirement Plan start saving today for a comfortable retirement
Cumulus Echo Retirement Plan start saving today for a comfortable retirement Why Sanlam? For many years we ve been in the business of planning for tomorrow. It s a meticulous process of crafting our clients
More informationASISA STANDARD ON EFFECTIVE ANNUAL COST (EAC)
ASISA STANDARD ON EFFECTIVE ANNUAL COST (EAC) 1. Introduction All ASISA members are committed to operating within the Treating Customers Fairly six outcomes framework. Outcomes 1 and 3 have relevance to
More informationCUMULUS FIXED RETURN INVESTMENTS
CUMULUS FIXED RETURN INVESTMENTS In uncertain times, many investors want security. We offer your cautious clients attractive investment opportunities with the Cumulus Fixed Return Plan and the Cumulus
More informationLIC s JEEVAN ANURAG (Table No. 168)
LIC s JEEVAN ANURAG (Table No. 168) Benefit Illustration Introduction Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations
More informationImportant changes affecting your pension plan
Important changes affecting your pension plan In the tables below, you ll be able to see some of the key differences between your current terms and the terms of the Aegon Retirement Choices Self Invested
More informationA RANGE OF INVESTMENT SOLUTIONS TO MEET DIVERSE CLIENT NEEDS
A RANGE OF INVESTMENT SOLUTIONS TO MEET DIVERSE CLIENT NEEDS Choose the most suitable investment solutions for your clients with the Glacier Solutions Guide. You have many clients, each with their own
More informationCHARTING A COURSE FOR RETIREMENT
CHARTING A COURSE FOR RETIREMENT SHOULD YOU CONSIDER FIXED INDEX ANNUITIES AS A PART OF YOUR STRATEGY? Chris Kirk Kirk Financial Group (410) 381-8007 www.kirkfg.com G17074 (03/17) IMPORTANT FEATURES OF
More informationImportant changes affecting your pension plan
Important changes affecting your pension plan In the tables below, you ll be able to see some of the key differences between your current terms and the terms of the Aegon Retirement Choices Self Invested
More informationHelping you make an informed decision
Helping you make an informed decision Financial products, such as life insurance and investment policies, are designed to give you financial security. There are many products out there and the choice can
More informationCONFIDENT INVESTMENT AROUND RETIREMENT
CONFIDENT INVESTMENT AROUND RETIREMENT Protect your clients against market volatility, especially in the crucial years leading up to, or the early years after their retirement. THINK WORLD CLASS GLACIER
More informationDISCOVERY RETIREMENT OPTIMISER. Make the most of your retirement savings and protect yourself against life-changing events
Make the most of your retirement savings and protect yourself against life-changing events DISCOVERY RETIREMENT OPTIMISER Discovery Invest is an award winning provider of investment products and is part
More informationSanlam Umbrella Fund Member guide to investment options in the Fund
Sanlam Umbrella Fund Member guide to investment options in the Fund Date issued January 2018 Table of Contents Overview 3 Trustee-approved investment strategies 4 1. Sanlam Lifestage 4 2. Volatility Protection
More informationReady to enjoy your savings your way.
Ready to enjoy your savings your way. ReadyPayout Plus Benefits of the plan We will pay guaranteed from the end of your first till the last before the policy ends at a range of to of the sum. paid for
More informationIncome Pay. Optional Guaranteed Lifetime Benefit Rider. Consumer Brochure Z REV Z REV 12-16
Income Pay Optional Guaranteed Lifetime Benefit Rider Consumer Brochure 1 23047Z REV 12-16 23047Z REV 12-16 Drive Your Retirement Decisions For people age 40 and above interested in guaranteed income during
More informationSanlam Life Insurance Limited Principles and Practices of Financial Management (PPFM) for Sanlam Personal Finance Individual Smoothed Bonus Products
Sanlam Life Insurance Limited Principles and Practices of Financial Management (PPFM) for Sanlam Personal Finance Individual Smoothed Bonus Products Table of Contents Section 1 - Introduction 1.1 Background
More informationLIFESTYLE PROTECTOR PRODUCT SUMMARY
LIFESTYLE PROTECTOR PRODUCT SUMMARY The information contained in this Lifestyle Protector Product Summary is the latest product information available as at publication. Any legal, product or technical
More informationSanlam Umbrella Fund Member guide to investment options in the Fund
Sanlam Umbrella Fund Member guide to investment options in the Fund Date issued May 2018 Table of Contents Overview 3 Trustee-approved investment strategies 4 1. Sanlam Lifestage 4 2. Volatility Protection
More informationExide Life My Retirement Plan A non-linked Participating Pension Plan
My retirement years will be as good as I plan them to be. Exide Life My Retirement Plan l 1 Guaranteed Benefit on Maturity (Vesting Benefit) l Retirement Corpus Boosters l Limited Premium Payment l Tax
More informationAnticipate a bright financial future
LIFE INSURANCE SAVINGS & RETIREMENT INCOME (BP3) Anticipate a bright financial future Accumulate wealth and power up your retirement savings with the Bonus Power Plan 3. 3 aia.com.hk AIA International
More informationThe Insurance Handbook
The Insurance Handbook CONTENTS 1 TYPES OF INSURANCE PLANS STAKEHOLDERS/PARTIES TO THE CONTRACT POLICY FEATURES UNIT-LINKED AND INVESTMENT SPECIFIC 2 3 POLICY BENEFITS 8 5 OTHER INSURANCE SPECIFIC 10 TYPES
More informationPRODUCT KEY FACTS Cheers Plus September 2016
FTLife Insurance Company Limited PRODUCT KEY FACTS Cheers Plus September 2016 This Statement provides you with key information about this product. This Statement is a part of the offering document. You
More informationFlexi Plan. Key Features Document
Key Features Document Important Information Bank of Valletta p.l.c. is an enrolled tied insurance intermediary of MAPFRE MSV Life p.l.c. MAPFRE MSV Life p.l.c. is authorised by the Malta Financial Services
More informationAN ADVISER S GUIDE TO PENSIONS 2018 UPDATED FOR FINANCE ACT 2017
PENSIONS INVESTMENTS LIFE INSURANCE AN ADVISER S GUIDE TO PENSIONS 2018 UPDATED FOR FINANCE ACT 2017 This is a technical guide for financial brokers or advisers only and is not intended as an advertisement.
More informationINSTITUTE OF ACTUARIES OF INDIA
INSTITUTE OF ACTUARIES OF INDIA EXAMINATIONS 4 th May 2016 Subject CT5 General Insurance, Life and Health Contingencies Time allowed: Three Hours (10.30 13.30 Hrs) Total Marks: 100 INSTRUCTIONS TO THE
More informationN.B. PIPE TRADES SHARED RISK PLAN. Effective January 1, 2013
N.B. PIPE TRADES SHARED RISK PLAN Effective January 1, 2013 TABLE OF CONTENTS SECTION ITEM PAGE 1 BACKGROUND AND PURPOSE OF THE PLAN 1 2 DEFINITIONS 2 3 ELIGIBILITY AND PARTICIPATION 8 4 FUNDING 9 5 BASE
More informationYour achievements; admirable. Your performance; powerful. You know success. Now, it s time for you to know Solitaire.
VIVOLEGACY Your achievements; admirable. Your performance; powerful. You know success. Now, it s time for you to know Solitaire. Exclusively for the exemplary, Solitaire supports your scale to greater
More informationLIC s MARKET PLUS I (UIN : 512L249V02)
LIC s MARKET PLUS I (UIN : 512L249V02) IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Benefit Illustration: This is a unit linked deferred pension plan. You can
More informationPRUlink portfolio investment plan
PRUlink portfolio investment plan Investment-linked Insurance Product Brochure Table of contents What is PRUlink portfolio investment plan? 3 How does the Plan work? 4 Life coverage for your loved ones
More informationFG Guarantee-Platinum 5. A Single Premium, Fixed Deferred Annuity featuring a 5-year rate guarantee
FG Guarantee-Platinum 5 A Single Premium, Fixed Deferred Annuity featuring a 5-year rate guarantee ADV 1010 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. 08-2017 17-0915 FG Guarantee-Platinum
More informationIncome Protector. Unwrap 2015 campaign. The launch of our new. Income Protector
For intermediaries April 2015 Income Protector Unwrap 2015 campaign The launch of our new Income Protector product, which offers a wider range of benefits, enables us to offer clients even more comprehensive
More informationAllstate Retirement Plan Final Average Pay Benefit
Allstate Retirement Plan Final Average Pay Benefit This Summary Plan Description ( SPD ) describes the provisions of the Allstate Retirement Plan (the Plan ) in effect as of January 1, 2010, which relate
More informationCASE NO: PFA/WE/2908/05/CN
IN THE TRIBUNAL OF THE PENSION FUNDS ADJUDICATOR (HELD IN JOHANNESBURG) In the complaint between: CASE NO: PFA/WE/2908/05/CN Johan Kannemeyer Complainant and Perpetua Retirement Annuity Fund 1 st Respondent
More informationProduct Key Facts Statement Futura III March 2018 Zurich International Life Limited
Product Key Facts Statement Futura III March 2018 Zurich International Life Limited This statement provides you with key information about Futura III. This statement is part of the offering document. You
More informationNEW MEMBER BOOKLET UNIVERSITY OF JOHANNESBURG PENSION FUND
NEW MEMBER BOOKLET UNIVERSITY OF JOHANNESBURG PENSION FUND 1 Please note: Everything possible was done to ensure the accuracy of this booklet. However, the official rules in terms of which the benefits
More informationRetirement funds: options at maturity
Retirement funds: s at maturity Existing Business Solutions MOM834/25E A client invests in retirement annuities, pension and provident preservation funds to provide for his/her old age. In most cases,
More informationPRODUCT KEY FACTS. PRUlink portfolio investment plan. January Prudential Hong Kong Limited
PRODUCT KEY FACTS PRUlink portfolio investment plan January 2016 Prudential Hong Kong Limited This statement provides you with key information about this product. This statement is a part of the Offering
More informationPRINCIPLES AND PRACTICES OF FINANCIAL MANAGEMENT (PPFM) PRINCIPLES AND PRACTICES
PRINCIPLES AND PRACTICES OF FINANCIAL MANAGEMENT (PPFM) PRINCIPLES AND PRACTICES CONTENTS Page 1. Introduction 02 2. The Amount Payable Under A With-Profits Policy 03 2.1. The Amounts Payable To Our With-Profits
More informationDISCOVERY RETIREMENT ANNUITY
DISCOVERY RETIREMENT ANNUITY CONTENTS RETIREMENT ANNUITY WHAT IS A RETIREMENT ANNUITY? A retirement annuity is an investment that helps you save for retirement. It offers significant tax advantages to
More informationAviva Dhan Vriddhi Plus
Aviva Dhan Vriddhi Plus 2. Policy can be backdated within the current financial year by paying an interest at a rate of 9% p.a. Case Study Mr. Sharma is a 30 years old salaried employee. He has a 5 year
More informationTHE SOCIETY OF ACTUARIES IN IRELAND
THE SOCIETY OF ACTUARIES IN IRELAND ACTUARIAL STANDARD OF PRACTICE PEN-12 STATEMENTS OF REASONABLE PROJECTION OCCUPATIONAL PENSION SCHEMES AND TRUST RACs Classification Mandatory MEMBERS ARE REMINDED THAT
More informationTapered annual allowance
This factsheet is for investment professionals only, and should not be relied upon by private investors. Tapered annual allowance On 6 April 2016 the government introduced the tapered annual allowance
More informationnsuranc GUIDE ar ADVISOR Sun Par Protector II, Sun Par Accumulator II and Sun Par Accelerator JANUARY 2017 Life s brighter under the sun
un ar ADVISOR GUIDE ADVISOR USE ONLY Sun Par Protector II, Sun Par Accumulator II and Sun Par Accelerator nsuranc JANUARY 2017 What s inside Benefits for clients Product at a glance Product details Taxation
More informationThe Dollar Life Plan
The Dollar Life Plan Offshore doesn t have to mean miles away The movement of goods, services, technology and capital across international borders has led to the world s economy becoming integrated and
More informationLIC s MONEY PLUS (UIN: 512L239V01)
LIC s MONEY PLUS (UIN: 512L239V01) Benefit Illustration : IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Introduction : This is a unit linked Endowment plan which
More informationPitcher Partners Superannuation Fund general reference guide (PPS.02)
Date: 1 July 2018 Pitcher Partners Superannuation Fund general reference guide (PPS.02) The information in this guide forms part of the Product Disclosure Statement (PDS) for Pitcher Partners Superannuation
More informationParticipating life insurance
Participating life insurance Wealth Achiever Estate Achiever advisor guide Stability, accountability & strength What s new February 2010 Child s term life insurance rider enhancements........ page 14 effective
More informationInternational Pension Plan. Building a better future by balancing your investments
International Pension Plan Building a better future by balancing your investments Flexible investments add more to your pension The International Pension Plan gives you three key freedoms: to invest in
More informationStart saving today for a better tomorrow LIFE INSURANCE SAVINGS BONUS POWER PLAN 2 (BP2)
LIFE INSURANCE SAVINGS (BP2) Start saving today for a better tomorrow Grow your wealth and enjoy a brighter future with Bonus Power Plan 2 aia.com.hk AIA International Limited (Incorporated in Bermuda
More informationWAIVER OF PREMIUM DUE TO DISABILITY OF THE INSURED RIDER
WAIVER OF PREMIUM DUE TO DISABILITY OF THE INSURED RIDER MetLife Investors USA Insurance Company The waiting period for incontestability for this Rider is different from that in the Policy and begins on
More informationDISCOVERY FLEXIBLE INVESTMENT PLANS
DISCOVERY FLEXIBLE INVESTMENT PLANS CONTENTS FLEXIBLE INVESTMENT PLANS WHAT IS A FLEXIBLE INVESTMENT PLAN? Our Flexible Investment Plans allow you access to your money when you need it. These plans have
More informationReliance Nippon Life Endowment Plan (Regular Premium)
A disciplined approach ensured that I could give my daughter the perfect wedding she had always dreamed of. A non-linked, participating, non-variable, endowment plan that helps you create a corpus through
More informationPrinciples and Practices of Financial Management
Principles and Practices of Financial Management Professional Provident Society Insurance Company Ltd (PPS Insurance) Effective from 1 January 2007 Head Office: 6 Anerley Rd, Parktown, 2193 Telephone:
More informationGenerali Worldwide Vision
Generali Worldwide Vision Product Summary Singapore generali-worldwide.com Generali Worldwide Insurance Company Limited Vision Product Summary 3 of 16 There is a Glossary section at the end of this Product
More informationChubb Platinum Plus Insurance Plan TM
Chubb Platinum Plus Insurance Plan TM A long-term wealth accumulation plan for a brighter future Chubb Life About Chubb Who we are Chubb embodies three core truths: Superior Underwriting; Superior Service
More informationWhen the member of an employer s fund resign from his/her employer, the member has the following option:
P E R S ONAL PORTFOLIOS P R E SERVATION FUNDS D e f i n i t i o n A preservation fund is an approved and registered pension or provident fund. Employees, who leave their employer, (whether through resignation
More informationPlan Description. Its Aims. Your Commitment. Risk Factors KEY FEATURES DOCUMENT UNIT LINKED SAVINGS PLAN
Plan Description A long term regular contribution savings plan, the value of which is linked to the value of the underlying investment funds that you choose. You may link your investment under the Plan
More informationI have made sure that my child s career zooms ahead no matter what.
I have made sure that my child s career zooms ahead no matter what. Reliance Nippon Life Child Plan A non-linked, participating, non-variable, child insurance plan that gives your * child Guaranteed Bene
More informationMANDATORY PROVIDENT FUND SCHEMES AUTHORITY. V.5 Guidelines on MPF Exempted ORSO Schemes - Illustrative Examples
MANDATORY PROVIDENT FUND SCHEMES AUTHORITY V.5 Guidelines on MPF Exempted ORSO Schemes - Illustrative Examples INTRODUCTION Section 15(1) of the Mandatory Provident Fund Schemes (Exemption) Regulation
More informationINCOME PAY OPTIONAL GUARANTEED LIVING BENEFIT RIDER 14192Z PRT 08-10
INCOME PAY OPTIONAL GUARANTEED LIVING BENEFIT RIDER 14192Z PRT 08-10 DRIVE YOUR RETIREMENT DECISIONS For people age 40 and above interested in guaranteed income during their retirement, the Income Pay
More informationFSC Statistics QUARTERLY RETURN FOR TRADITIONAL AND RISK BUSINESS - PRODUCT SUMMARY. Quarter: 30/06/2016 ANNUAL PREMIUMS $000
QUARTERLY RETURN FOR AND BUSINESS - PRODUCT SUMMARY Quarter: 30/06/2016 ANNUAL PREMIUMS $000 ANNUAL PREMIUM SINGLE PREMIUM Product In force at start Contractual premium changes Revisions New business Transfers
More informationHollard Retirement Annuity Plan. Information Document. Page 1. Hollard Linked Endowment Information Document July 2015
Hollard Retirement Annuity Plan Information Document Hollard Linked Endowment Information Document July 2015 Page 1 Hollard Retirement Annuity Plan This document contains general information about the
More informationTata AIG Life Assure 15 years Lifeline (with Return of Premium)
Tata AIG Life Assure 15 years Lifeline (with Return of Premium) BASIC DEFINITIONS In this Policy: "You" or "Your" means the Policyholder of this Policy as shown in the Policy Information Page. "We", "Us",
More informationComplete Solutions Personal Retirement Bond 1. your Customer Information Notice. This plan is provided by Irish Life Assurance plc.
Complete Solutions Personal Retirement Bond 1 your Customer Information Notice This plan is provided by Irish Life Assurance plc. Introduction This notice is designed to highlight some important details
More informationFG Life-Elite. Fixed Indexed Universal Life Insurance Consumer Brochure
FG Life-Elite Fixed Indexed Universal Life Insurance Consumer Brochure ADV 1311 (09-2012) Fidelity & Guaranty Life Insurance Company Rev. 06-2016 16-355 FG Life-Elite Fixed Indexed Universal Life Insurance
More informationRETIREMENT INCOME SOLUTIONS
RETIREMENT INCOME SOLUTIONS THINK WORLD CLASS GLACIER RETIREMENT INCOME SOLUTIONS INTRODUCING GLACIER Glacier by Sanlam brings together leading experts and respected financial services companies to meet
More informationAIA Priority Protection Supplementary Superannuation Policy Document
AIA Priority Protection Supplementary Superannuation Policy Document Date Prepared 3 November 2017 This AIA Priority Protection Supplementary Superannuation Policy Document ( Supplementary Superannuation
More informationYour Defined Benefit (DB) Pension Plan. A resource for Members of Local 967 of the Canadian Union of Public Employees
Your Defined Benefit (DB) Pension Plan A resource for Members of Local 967 of the Canadian Union of Public Employees February 2007 Table of contents How does it work?... 3 When you join the plan... 3 Who
More informationSTANLIB Classic Retirement Annuity Fund Terms and Conditions
STANLIB Classic Retirement Annuity Fund Terms and Conditions The Classic Retirement Annuity Fund is ideal if you want to save for your retirement. You need flexibility when it comes to making a contribution
More informationLIC Limited Period Premium Plan (830)
LIC Limited Period Premium Plan (830) Plan No: 830 Limited Period Premium plan is a limited premium conventional, with-profits, Endowment Assurance plan. It provides financial protection against the untimely
More informationDetailed Client Information (DCI) transaction manual
Detailed Client Information (DCI) transaction manual The client information or data can be used as a Marketing opportunity to identify new business prospects. Why DCI clients? In addition, this transaction
More informationFG Guarantee-Platinum. A Single Premium, Fixed Deferred Annuity featuring a choice of a 3, 5 or 7-year rate guarantee
FG Guarantee-Platinum A Single Premium, Fixed Deferred Annuity featuring a choice of a 3, 5 or 7-year rate guarantee ADV 1010 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. 04-2016 16-214 FG
More informationTitanium Plus Plan UIN:
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Canara HSBC Oriental Bank of Commerce Life Insurance Titanium Plus Plan A Unit-linked Non-Participating Life Insurance
More informationWaiver of Premium Rider
Presents Waiver of Premium Rider Waiver of Premium Rider Optional on the following products: Your Term Advantage Plus Prepared Will waive the total premium due if the insured is totally disabled on that
More informationFG Guarantee-Platinum 7. A Single Premium, Fixed Deferred Annuity featuring a 7-year rate guarantee
FG Guarantee-Platinum 7 A Single Premium, Fixed Deferred Annuity featuring a 7-year rate guarantee ADV 1882 (04-2017) Fidelity & Guaranty Life Insurance Company Rev. 04-2017 17-0495 A Single Premium, Fixed
More informationA guide to your Retirement Options
A guide to your Retirement Options Contents Introduction... 2 Questions about you for you to think about... 3 What does retirement mean to you?... 3 How do you want to live in retirement?... 3 How much
More informationHESTA Insurance important information
HESTA Insurance important information 17 November 2017 This notice explains the changes that will be made to the current insurance arrangements described in the HESTA and HESTA Personal Super Product Disclosure
More informationAN ADVISER S GUIDE TO PENSIONS UPDATED FOR FINANCE ACT 2016
PENSIONS INVESTMENTS LIFE INSURANCE AN ADVISER S GUIDE TO PENSIONS UPDATED FOR FINANCE ACT 2016 This is a technical guide for financial advisers only and is not intended as an advertisement. AN ADVISER
More informationActuary s Certification Letter (Pension Trust Fund)
Actuarial Actuary s Certification Letter (Pension Trust Fund) May 22, 2015 Board of Trustees Texas Municipal Retirement System ( TMRS or the System ) Austin, Texas Dear Trustees: In accordance with the
More informationLIC s PROFIT PLUS (UIN: 512L245V02)
LIC s PROFIT PLUS (UIN: 512L245V02) Benefit Illustration : IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER It is a unit linked Endowment plan where the premium
More informationRetirement is more than a straight line
Retirement is more than a straight line A Fixed Indexed Annuity With Enhanced Benefits Rider 71006 Issued by Athene Annuity and Life Company, West Des Moines, IA (01/16) NMVA What is a fixed indexed annuity?
More informationFact File. Retirement Plan
Retirement Plan Fact File The Retirement Plan is built on the best thinking, the most tax efficient structures and the best investment strategies. These aspects ensure that you save for a more comfortable
More informationGlacier Investment-Linked Lifetime Income
Product description... 3 Product features... 3 Investor type... 3 Minimum age... 4 Product minimum... 4 Type of investments... 4 Product flexibility... 4 Source of funds... 6 Investment options... 6 Income...
More informationFlexible Growth Plan. When you re planning for the future, get the most from your investments
Flexible Growth Plan When you re planning for the future, get the most from your investments Planned growth potential with built-in flexibility Whatever your future financial requirements, you ll be better
More informationNotice of Changes to Prosperity Elite 7, 10 and 14
Notice of s to Prosperity Elite 7, 0 and 4 Effective 9/30/5 The following applies to Prosperity Elite 7, 0 and 4 contracts issued 9/30/5 or later: The simple interest rate is 5% for the Guaranteed Minimum
More informationJanuary A guide to your. retirement options
January 2016 A guide to your retirement options Contents Section Page Introduction 4 Questions about you for you to think about 5 State Pensions Deferring Your State Pension 8 Voluntary National Insurance
More information- LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE. Dept.: Product Development Jeevan Bima Marg, Mumbai
- LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE Dept.: Product Development Yogakshema, Jeevan Bima Marg, Mumbai 400 021 Ref: CO/PD/66 3 rd March, 2015 All HODs of Central Office All Zonal Offices
More informationUniversal Life Insurance
Universal Life Insurance A flexible and effective way to protect you and your family Goal Access Universal Life Plan (Protection) HSBC Life (International) Limited GOAL ACCESS UNIVERSAL LIFE PLAN (PROTECTION)
More informationLIC s JEEVAN BHARATI- I (PLAN NO. 192)
LIC s JEEVAN BHARATI- I (PLAN NO. 9) Benefit Illustration: Introduction LIC s Jeevan Bharati-I is a plan exclusively for women. It is a with profit plan having special features considering the needs of
More informationAIA Priority Protection Supplementary Superannuation Policy Document
AIA Priority Protection Supplementary Superannuation Policy Document Date Prepared 14 July 2018 This AIA Priority Protection Supplementary Superannuation Policy Document supplements information contained
More information