Sage NLUL. No Lapse Universal Life Insurance CONSUMER BROCHURE

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1 Sage NLUL No Lapse Universal Life Insurance CONSUMER BROCHURE

2 The best lives are built on the strongest foundations.

3 Sage NLUL Consumer Brochure Wise Financial Thinking for Life Sagicor Life Insurance Company ( Sagicor ) is a full-service life insurance company that helps clients make wise financial decisions today to ensure that they re protected tomorrow. We are licensed in 45 states plus the District of Columbia. Sagicor is rated A- (Excellent) by A.M. Best Company (4 th best out of 16 possible ratings). This rating is based on Sagicor s financial strength and ability to meet its ongoing obligations. Sagicor is a wholly-owned subsidiary of Sagicor Financial Corporation, one of the oldest insurance groups in the Americas, with operations in 21 countries, mainly in the United States, Latin America and the Caribbean. Sagicor is committed to offering customers world-class service with integrity and value. To learn more about Sagicor, visit our website at SagicorLifeUSA.com or call (888) SAGICOR.

4 Why should you consider Sage NLUL? Provides you with benefits and solutions such as: Guaranteed level premiums throughout the life of your policy Option to select a specific period of time for level protection Income and living expense protection for dependents Funding for mortgage payment

5 PROTECTION FOR TODAY AND SECURITY FOR TOMORROW When times are uncertain, people look for affordable financial products from a company they can trust. The security provided through maintaining life insurance is important. With the Sage NLUL product, we can offer you an affordable universal life insurance policy as an alternative to term life insurance which you may outlive. Our No Lapse Universal Life product can provide you with guaranteed premium and death benefit protection for life. Your premiums can be locked in and guaranteed level to age 120. Our Sage NLUL can also provide added protection as one grows older and experiences adverse health changes which may make it more difficult to qualify for new life insurance policies. Features & Benefits NO LAPSE GUARANTEE The Sage NLUL is a competitively-designed, flexiblepremium, universal life insurance policy that provides affordable insurance coverage for life. Designed with built-in lapse protection 1 it also offers the option to select a specific period of death benefit protection for enhanced planning flexibility. The Sage NLUL is an excellent choice for helping you solve your personal and business financial planning needs and adds additional protection through its inherent Accelerated Benefit Insurance Rider. The Sage NLUL is available to individuals age 15 days to 85 years with a minimum face amount of $25, Accelerated Benefit Insurance Rider This rider is included at no additional charge (cost of this rider is included in the policy premium). The Accelerated Benefit Insurance Rider advances a portion of the death benefit prior to the insured s death due to a terminal condition or chronic illness 3. The maximum accelerated death benefit amount 4 is the lesser of 25% of the death benefit or $400,000. For Terminal Condition, an administrative fee 5 will be deducted from the elected accelerated death benefit amount and the remainder will be paid in a lump sum. For Chronic Illness 3, the accelerated death benefit payment received will be less than the accelerated death benefit amount elected. 6 The administrative fee 5 will be deducted from the accelerated death benefit payment and the remainder will be paid in a lump sum. DEATH BENEFIT OPTIONS While the policy is in force, there are two death benefit options available. Option A - Level Death Benefit Option B - Accumulation Value in Addition to the Face Amount

6 Optional Riders Optional riders 7, available for an additional cost, provide the opportunity to customize your insurance policy to suit your circumstances and objectives. ACCIDENTAL DEATH BENEFIT This rider provides an additional death benefit if death is a result of a covered accident as defined in the rider. The additional death benefit may be an amount up to the face amount of the base policy, not to exceed $250,000. The minimum amount is $25,000. See the policy for additional details including fees, limitations and exclusions. WAIVER OF MONTHLY DEDUCTIONS RIDER This rider waives the monthly deductions for as long as the insured meets the definition of totally disabled (as defined in the rider) and proof of continuing disability is provided. See the policy for additional details including fees, limitations and exclusions. CHILDREN S TERM RIDER This rider provides term life insurance protection for your children, age 15 days to 19 years, and remains in force for each child until the earlier of age 25 or marriage. If eligible, at the end of the term period the benefit may be converted to a qualified permanent life insurance policy for up to five times the original amount, regardless of their current health. (Available on fully underwritten applications only). Simplified Issue Underwriting Process FULL UNDERWRITING PROCESS Issue Age years for face amounts $25,000 or more Issue Age years for face amounts $400,001 or more Risk Classifications: Preferred Non-Tobacco, Standard Non-Tobacco, Preferred Tobacco, Standard Tobacco and Substandard rating up to table 8 JUVENILE ISSUE UNDERWRITING PROCESS Issue Age 15 days - 15 years for face amounts $25,000 to $99,999 DISCLOSURES 1 No Lapse Guarantee is subject to the terms and conditions specified in the policy. The No Lapse feature does not mean your policy can never lapse. See policy for more details. 2 Minimum face amount may vary in some states. 3 Not available in all states. 4 Minimum benefit election: $5,000 5 As used in this rider, administrative fee means a one time charge equaling the lesser of $250 or the maximum allowed by law in the state which this policy was issued. 6 At the time of an accelerated death benefit payment for Chronic Illness, the accelerated death benefit amount is calculated to reflect the mortality and interest discount based on several factors listed in the rider. See rider for more details. 7 Riders not available in all states. State variations may apply. Issue Age years for face amounts $25,000 to $400,000 Risk Classifications: Preferred Non-Tobacco, Standard Non-Tobacco, Rated Non-Tobacco, Preferred Tobacco and Standard Tobacco No Medical exams, bodily fluids or attending physician s statement (issuance of the policy may depend upon the answers to the health questions set forth in the application) eapplication: Automated underwriting with a decision in minutes (no telephone interview required) Paper Application: Brief telephone underwriting interview with a decision in as little as 15 minutes.

7 Sagicor Life Insurance Company 4343 N. Scottsdale Road, Suite 300 Scottsdale, AZ SagicorLifeUSA.com Client Services (888) Ext I Fax (480) Producer Resource Center (888) Ext I Fax (800) Sage NLUL is issued by Sagicor Life Insurance Company ( Sagicor ), a member of the Sagicor Group of Companies. This material is for informational purposes only. Neither Sagicor Life Insurance Company nor its agents provide tax, legal or accounting advice. Please consult with your tax and/or legal advisor for information specific to your situation. Policies and riders not available in all states. State variations may apply. Policy Forms: ICC101010/1010, ICC106050/6050, ICC106056/6056, ICC106052/6052 and ICC116061/ S