A IUL product is known as a Indexed Universal Life product that provides immediate death benefit protection along with greater wealth accumulation potential through indexed-linked crediting strategies, downside market protection, tax advantages, and access to accumulated cash values through loans and withdrawals. The unique and powerful combination of features can help provide a solution to alleviate a lifetime of concerns, even if those concerns change over time.
Interest Crediting Options
The IUL offers three distinct crediting strategies providing diversification and flexible customization options to help you meet your objectives. You may select one, or any combination of the three strategy options, provided the sum of your selections equal 100%. At the end of each one-year term, which occurs on your policy anniversary, you may change your strategy selection should you desire.
Declared Rate Bonus Strategy
A fixed interest rate declared by Sagicor that is guaranteed for one year. Interest is credited daily and may include the Credited Interest Bonus of 0.5% starting the 11th policy year. The guaranteed minimum declared rate is 1%.
S&P 500® Index Bonus Strategy
Based on the performance of the S&P 500® Index. Interest crediting is measured using a one-year point-to-point term. Guaranteed minimum cap rate of 1% and guaranteed to be credited no less than 0% due to negative market performance. Potential credited Interest Rate Bonus of 0.5% starting the 11th policy year.
Global Multi-Index Bonus Strategy
Based on the weighted performance of three indices: S&P 500® Index (50%), EURO STOXX® Index (30%) and the Hang Sang® Index (20%). Interest is measured using a one-year point-to-point term. Guaranteed minimum participation rate of 10% and guaranteed to be credited no less than 0% due to negative market performance. Potential credited Interest Rate Bonus of 0.5% starting in the 11th policy year.
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