VIVA 100 UNIVERSAL VARIABLE LIFE

Transcription

1 VIVA 100 UNIVERSAL VARIABLE LIFE VIVA 100 combines the flexibility and protection of the Universal Life insurance with international mutual funds investments providing a more aggressive accumulation of capital. Policy values are based on the performance of an array of available investment funds as selected by the insured, which could provide significant earnings. Policy accumulation values are held in a separate account to the assets of the insurance company that issues the plan for the protection and benefit of the policyholder. MINIMUM FACE AMOUNT AVAILABLE RIDERS US$ 100,000 MINIMUM INITIAL PREMIUM 1-75 years Accelerated (Included) US$ 1,500 POLICY FUNCTION Paid premiums OPTION A provides a level death benefit. values Fund performance OPTION B provides increasing death benefit (consistent of original death benefit plus accumulated values.) Partial withdrawals Growth of accumulated values (tax-exempt) Monthly cost of insurance Monthly administrative charge OPTION A OPTION B Level growth is tax free. Wide variety of mutual funds available allowing combinations and diversification of investment. Investment in a separated account. The mutual fund transaction takes place in the NY Stock Exchange or other world markets. Additional deposits may be made any time. Premium payments and benefits may vary to suit customer needs. Partial withdrawals option available. Death benefit proceeds are tax-exempt in United States. Rev. 02/2013

2 LIFETIME UNIVERSAL LIFE LIFETIME offers excellent cash value accumulation allowing the insured the option to pay up the policy in fewer years. Accumulation values available for immediate liquidity through loans and partial withdrawals. Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility. Is a unique Universal Life plan that projects and pays guaranteed values as shown on the sales illustration and detailed by contract. MINIMUM FACE AMOUNT AVAILABLE RIDERS US$ 100, years Accidental Waiver of Monthly Charges Term Insurance Family Income Transfer Option (Included) Accelerated (Included) POLICY FUNCTION Paid premiums This policy was designed to fit your changing needs. Its unique flexibility allows: Policy loans values Surrender values Interest Cost of insurance (Monthly) Increase or decrease face value. Change mode and frequency of premium payments. Increase or decrease deposits as long as the policy has available values to cover mortality and administrative costs. Partial withdrawals Administrative charge (Monthly) OPTION A OPTION B OPTION A provides a level death benefit. OPTION B provides an increasing death benefit (Death benefit plus ). Level Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014

3 NOVA UNIVERSAL LIFE NOVA offers excellent cash value accumulation allowing the insured the option to pay up the policy in fewer years. Accumulation values available for immediate liquidity through loans and partial withdrawals. Offers flexible premium payments and excellent life insurance protection. Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility. Represents a solid asset that complements your investment and insurance portfolio. MINIMUM FACE AMOUNT AVAILABLE RIDERS US$ 100, years Accidental Waiver of Monthly Charges Term Insurance Family Income Transfer Option (Included) Accelerated (Included) POLICY FUNCTION Paid premiums This policy was designed to fit your changing needs. Its unique flexibility allows: Policy loans values Surrender values Interest Cost of insurance (Monthly) Increase or decrease face value. Change mode and frequency of premium payments. Increase or decrease deposits as long as the policy has available values to cover mortality and administrative costs. Partial withdrawals Administrative charge (Monthly) OPTION A OPTION B OPTION A provides a level death benefit. OPTION B provides an increasing death benefit (Death benefit plus ). Level Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014

4 UNIT ERM UNIVERSAL LIFE UNITE RM offers flexible premium payments and benefits that may vary to suit customer needs. Ideal for family or usiness protection and other insurance needs. esigned to com ine the advantages of lo cost erm insurance ith the accumulating values of a niversal ife plan. igh face amounts at lo cost. iquidity during life of the policy ased on loans and partial ithdra als. Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility. epresents a solid asset that complements your investment and insurance portfolio. M INIM UM FAC E AM O UNT AG ES O F ISSUE AVAILAB LE RIDERS years ccidental eath enefit Term Insurance Transfer Option (Included) ccelerated eath enefit Included aiver of onthly Charges Family Income Policy loans Partial ithdra als P O LIC Y FUNC T IO N Paid premiums values Surrender values Interest Monthly cost of insurance Monthly administrative charge his policy as designed to fit your changing needs. Its unique fle i ility allo s Increase or decrease face value. Change mode and frequency of premium payments. Increase or decrease deposits as long as the policy has available values to cover mortality and administrative costs. OPTION A provides a level death benefit. OPTION B provides increasing death enefit consistent of original death enefit plus accumulated values.) O P T IO N A O P T IO N B evel eath enefit eath enefit proceeds are ta e empt in nited tates. ev. eath enefit

5 UNIVIDA UNIVERSAL LIFE UNIVIDA offers excellent coverage at low cost with continuous or limited premium payments. Attractive cash value accumulation and protection. Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility. Policy may be paid in a few years using accumulated cash values. MINIMUM FACE AMOUNT AVAILABLE RIDERS US$ 250, years Accidental Term Insurance Transfer Option (Included) Accelerated (Included) Waiver of Monthly Charges Family Income Policy loans Partial withdrawals POLICY FUNCTION Paid premiums values Surrender values Interest Monthly cost of insurance Monthly administrative charge This policy was designed to fit your changing needs. Its unique flexibility allows: Increase or decrease face value. Change mode and frequency of premium payments. Increase or decrease deposits as long as the policy has available values to cover mortality and administrative costs. OPTION A provides a level death benefit. OPTION B provides increasing death benefit (consistent of original death benefit plus accumulated values.) OPTION A OPTION B Level Death benefit proceeds are tax-exempt in United States. Rev. 02/2013

6 UNIP LUS UNIVERSAL LIFE UNIPLUS offers maximum protection and excellent cash value accumulation. Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility. ide range et een minimum and target premium payments. igh target premium creates sufficient cash value to discontinue premium payments. iquidity during life of policy is ased on loans and partial ithdra als. epresents a solid asset that complements your investment and insurance portfolio. M INIM UM FAC E AM O UNT AG ES O F ISSUE AVAILAB LE RIDERS years Accidental Term Insurance Transfer Option (Included) Accelerated (Included) aiver of onthly Charges amily Income P O LIC Y FUNC T IO N Paid premiums values Surrender values Interest his policy as designed to fit your changing needs. Its unique fle i ility allo s Increase or decrease face value. Change mode and frequency of premium payments. olicy loans Partial ithdra als onthly cost of insurance onthly administrative charge Increase or decrease deposits as long as the policy has availa le values to cover mortality and administrative costs. OPTION A provides a level death enefit. OPTION B provides increasing death enefit consistent of original death enefit plus accumulated values.) O P T IO N A O P T IO N B Level eath enefit proceeds are ta e empt in nited tates. ev.

7 UNIDO S UNIVERSAL LIFE UNIDOS is a joint life insurance policy with flexible premiums. o persons may e covered under one policy. eath enefit is paid first to die. Insura le com inations pouses arents Children usiness artners In case of simultaneous death ithin hours as consequence of one same accident the policy ill pay the death enefit on oth lives. If the second death occurs more than hours after the first death policy proceed ill e paid on the first deceased insured only. If the cause of death is other than accidental policy proceeds ill e paid on the first deceased insured. iquidity during life of policy is ased on loans and partial ithdra als. Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility. M INIM UN FAC E VALUE AG ES O F ISSUE years P O LIC Y FUNC T IO N aid premiums ccumulated values urrender values Interest his policy as designed to fit your changing needs. Its unique fle i ility allows: Increase or decrease face value. Change mode and frequency of premium payments. olicy loans artial ithdra als OPTION A provides a level death enefit. OPTION B provides increasing death enefit consistent of original death enefit plus accumulated values. Monthly cost of insurance Monthly administrative charge O P T IO N A O P T IO N B evel eath enefit ccumulated eath enefit proceeds are ta e empt in nited tates. ev. Increase or decrease deposits as long as the policy has availa le values to cover mortality and administrative costs. eath enefit ccumulated

8 BEST INDEXED INDEXED LIFE Best Indexed is a flexible-premium adjustable life insurance policy with an equity-indexed. Applicant may select one of two indices: Standard & Poor s 500 (S&P500) or NASDAQ Composite Index (NASDAQ) Policy values will perform based on calendar year Index performance Initial Participation Factor is 75% Unlimited growth potential (no caps) Minimum guaranteed return of 0% ensures integrity of in negative years Tax-free growth Flexible premium payments and adjustable benefits Partial withdrawals available Illustration projects policy values based on actual historical perfomance during the past 15, 25 and 35 years MINIMUM FACE AMOUNT AVAILABLE RIDERS POLICY FUNCTION US$ 100, years Accidental Term Insurance Family Income Paid premiums Waiver of Monthly Charges Accelerated (Included) Index performance with Participation Factor Policy loans Partial withdrawals Monthly administrative and mortality charges OPTION A provides a level death benefit. OPTION B provides an increasing death benefit (death benefit plus ). OPTION A Level OPTION B Death benefit proceeds are tax-exempt in the United States. Rev 04/2014

9 G B EST G UARANT EE W H O LE LIFE hole ife policies are no n as rdinary ife. he special features of this product are guaranteed premiums guaranteed face values and guaranteed surrender values. accumulates cash values that may e ithdra n as loans. Ideal for long term protection. irected to young e ecutives ho ish to pay up their life policy in a short period of time usiness partners ho ant an accumulated net orth or families ho desire guaranteed protection ith guaranteed cash values. his product contractually offers a sta le and guaranteed insurance plan unmatched y no other. G UARANT EED P RO T EC T IO N I UARANT EED SURRENDER VALUES ge year years M INIM UM FAC E VALUE AG ES O F ISSUE AVAILAB LE RIDERS years ccelerated eath enefit Included erm Insurance B EST G UARANT EE of f ers the f ollow ing f ea tures : uaranteed level protection. uaranteed surrender values. uaranteed level premium paya le in or years. uaranteed paying period. nce premiums are duly paid in the chosen period coverage ill remain in force to age. eath enefit proceeds are ta e empt in nited tates. ev.

10 HORIZON WHOLE LIFE HORIZON is a Whole Life policy with guaranteed premiums, guaranteed death benefits and guaranteed surrender values. It has been designed for those whose medical conditions limit them to obtain coverage elsewhere. This policy is issued without evidence of insurability and is a unique guaranteed issue plan that offers variable living and death benefits during the first policy years. GUARANTEED PROTECTION GUARANTEED PREMIUM GUARANTEED SURRENDER VALUES Age 1 year 120 years MINIMUM FACE VALUE MAXIMUM FACE VALUE US$ 100,000 US$ 500, years HORIZON is offered with the following advantages: No medical evidence is required. Guaranteed insurance costs. Guaranteed surrender values. LIFE INSURANCE BENEFITS Second to fifth year Sixth year Seventh year Eight year Ninth year After the ninth year Beneficiaries will receive return of premiums paid. Beneficiaries will receive 20% of insured face value. Beneficiaries will receive 40% of insured face value. Beneficiaries will receive 60% of insured face value. Beneficiaries will receive 80% of insured face value. Beneficiaries will receive 100% of insured face value. Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014

11 TERM 95 TERM LIFE Term Life policies are recommended when the need of insurance is temporary. This type of policy offers coverage for specific periods of time. It does not accumulate values, which allows it to be offered at an affordable cost. LEVEL DEATH BENEFIT Age 21 years LEVEL PREMIUM years NO ACCUMULATED VALUES MINIMUM FACE VALUE PROTECTION PERIOD AVAILABLE RIDERS US$ 250,000 5, 10, 15, 20 and 30 years years Return of Premium (available for 20 and 30 years) Accelerated (Included) TERM 95 Is a policy offered for a defined period of time. Is issued guaranteed renewable, allowing the policy to automatically renew for another period of the same duration without evidence of insurability. The renewal premium is calculated based on the current age of the insured. When contracted for 20 or 30 years it may be purchased with a return of premium rider. This rider will guarantee that at the end of the initial term period, all premiums paid will be returned to the policyholder less policy fees. Even after receiving the return of premium value, you may continue maintaining your coverage in force. Death benefit proceeds are tax-exempt in the United States. Rev. 04/2014

12 TERM 100 TERM LIFE Term Life policies are recommended when the need of insurance is temporary. This type of policy offers coverage for specific periods of time. It does not accumulate values, which allows it to be offered at an affordable cost. LEVEL DEATH BENEFIT Age 21 years LEVEL PREMIUM years NO ACCUMULATED VALUES MINIMUM FACE VALUE PROTECTION PERIOD AVAILABLE RIDERS US$ 250,000 5, 10, 15, 20 and 30 years years Return of Premium (available for 20 and 30 years) Accelerated (Included) TERM 100 Is a policy offered for a defined period of time. Is issued guaranteed renewable, allowing the policy to automatically renew for another period of the same duration without evidence of insurability. The renewal premium is calculated based on the current age of the insured. When contracted for 20 or 30 years it may be purchased with a return of premium rider. This rider will guarantee that at the end of the initial term period, all premiums paid will be returned to the policyholder less policy fees. Even after receiving the return of premium value, you may continue maintaining your coverage in force. Death benefit proceeds are tax-exempt in the United States. Rev. 01/2014

13 GROUP LIFE INSURANCE TAILORED SOLUTIONS TO EMPLOYEE NEEDS COVERAGE PACKAGE ELIGIBILITY Group coverage requests may contain: Life. Health. Accidental Death and Dismemberment. Total and Permanent Disability. Travel Assistance. Groups of 25 or more persons, between 19 and 69 years old, working for an employer for at least 30 hours a week. Insured must be residents of Latin America or the Caribbean. Groups of 25 or more may choose customized plans. Eligibility is determined by the contractor or employer who can offer coverage: For all employees. For executives only. For executives and department heads. For any other group of employees. PLAN FEATURES Groups conformed of 25 eligible policyholders qualify for life benefits. Group life quotes, without acquiring group health insurance, require a minimum of 25 eligible policyholders. INSURED AMOUNT LIMITS The face value amount may be determined using one of the following formulas: The same sum insured for each eligible policyholder. By classes: Executives. Departments Heads. Salaries. Other. By years of service. Minimum amount US$ 10,000 per insured. Maximum amount US$ 100,000 without medical requirements.* * Requests over US $200, need to submit an Abreviated Life Application or medical requirements.

14 AVAILAB LE RIDERS LIFE INSURANC E W AIVER O F M O NT H LY C H ARG ES T RANSFER O P T IO N AC C ELERAT ED DEAT H B ENEFIT AC C IDENT AL DEAT H B ENEFIT T ERM INSURANC E FAM ILY INC O M E We will waive permanent life insurance monthly charges when insured has become totally disabled and total disability has continued for at least six consecutive months. Total disability is defined as the inability of the insured, due to injury or illness, to engage in his regular occupation or any occupation for which he is reasonably suited by education, training or experience. The company agrees to exchange a life insurance policy for a policy on the life of a new insured; upon request of the policy owner and the new insured. The owner of the policy designated in the request, must have insurable interest in the life of the new insured. The exchange will be subject to the receipt of satisfactory evidence of insurability. The owner may apply for a face amount of insurance on the life of the new insured equal to the face amount under his policy. The date of issue of the new policy will be the same as the original policy. The age of issue will be determined by the original date of issue, allowing new insured to pay inferior rates than his current age. After the policy has been in force for two years, we will pay to the policy owner up to 50% of the sum insured payable by death and up to a maximum of US$ 250,000; if insured s medical condition is terminal and has a life expectancy of no more than twelve months, as determined by the company. For insured between the ages of 15 and 55, this rider provides additional coverage from US$ 50,000 up to US$ 250,000 when death occurs by accident. The amount of this benefit cannot exceed the face amount of the base policy. The current cost of rider is US$ 1.75 per thousand. Low cost term insurance may be added to any of the Universal Life programs offered by Best Meridian Insurance Company. The addition of a term rider provides higher coverage at lower costs in combination with the benefits of accumulated values of the permanent insurance plan. The minimum term rider is US$ 50,000 and maximum up to 5 times the face value of the principal insurance plan. In addition to the lump sum death benefit, this rider has been designed to ensure financial stability to the beneficiaries providing additional yearly payments for a selected period of time. This benefit is available as a rider for the following Universal Life plans: LIFE TIME, NOVA, UNIPLUS, UNITE RM and UNIVIDA. The minimum benefit is $25, per year. The maximum up to 30% of the face value of the selected Universal Life plan. When this rider is acquired: It ill provide eneficiaries ith a fi ed income plan. llo s the family to maintain their current life style. May be selected for annual payments during 10 or 20 years starting from date of death of the insured.