GREATER OPPORTUNITIES | MORE FLEXIBILITY | OVERALL PROTECTION

The S&P 500 Plan provides investors access to 500 leading stocks representing the most widely held companies from all sectors of the economy

S&P 500 Index Composition

Index Composition as of September 28, 2018

TOP 10 COMPANIES BY WEIGHT:

Companies Symbol GICS Sector
APPLE INC. AAPL Information Technology
MICROSOFT CORP MSFT Information Technology
AMAZON INC AMZN Consumer Discretionary
BERKSHIRE HATHAWAY B BRK.B Financials
FACEBOOK INC FB Communication Services
JP MORGAN CHASE & CO JPM Financials
JOHNSON & JOHNSON JNJ Health Care
ALPHABET INC C GOOG Communication Services
ALPHABET INC A GOOGL Communication Services
EXXON MOBIL CORP XOM Energy

Sector Breakdown

Key Features

  • Flexibility to invest regularly or in lump sum
  • Investment Terms: 7 year lump sum or 10, 15 and 20 year regular contribution plans
  • Currency: USD ($)
  • Principal Protected
  • 100% Participation in the growth of the S&P 500 Index
  • Ability to participate in stock market growth without the downside risk

Product Details

Topic Detail
Currency USD $
Minimum Contribution USD 10,000
Minimum Increase USD 10,000 (As Rider)
Investment Terms 7 years
Principal Protection 89.5% Guaranteed at maturity 1
Administration Charge 0.125% monthly, years 1 - 7
Policy Fee USD 7.00 monthly
Asset Management Fee 0.125% monthly of account balance
Surrender Charge End of year 1 - 9.0%
End of year 2 - 7.5%
End of year 3 - 6.0%
End of year 4 - 4.5%
End of year 5 - 3.0%
End of year 6 - 1.5%
End of year 7 - 0%
Free Partial Withdrawals Free partial withdrawals available, but they negate the guarantee.
Issue Age Ages 18 - 85
Guaranteed Death Benefit In the event of a relevant death, the standard amount payable will be 101% of the Surrender Value.

1. Values will not be guaranteed if there are partial surrenders or withdrawals prior to the completion of the 7th year. The underlying Principal Protection is derived from structured notes provided by highly rated financial institutions. The investor is facing Issuer/Counterparty Risk of these institutions. An insolvency of these institutions could lead to a partial or total loss of the capital invested by the investor. Please see plan documents for further details.
Topic Detail
Currency USD $
Minimum Contribution USD 2,400 per annum
Minimum Increase USD 2,400 per annum (As Rider)
Modal Premium Annually, Semi-annually, Quarterly, and Monthly 1
Investment Terms 10, 15 and 20 years
Principal Protection 2 10 Year Term: 100%
15 Year Term: 140%
20 Year Term: 160%
Annual Administration Charge 10 Year Term: 2.0% per annum
15 Year Term: 1.7% per annum
20 Year Term: 1.1% per annum
Policy Fee USD 10 monthly
Structure Fee 0.125% monthly of account balance
Loyalty Bonus 3
(Percentage of Total Contribution During the Period)
1 - 10 Years: 7.5%
11 - 15 Years: 7.5%
16 - 20 Years: 5.0%
Surrender Charge The value of the remaining initial units.
Free Partial Withdrawals Allowed after the completion of the initial period, subject to maintaining USD 2,400 surrender value. Minimum surrender is USD 600. Free partial withdrawals available, but they negate the guarantee.
Issue Age 10 Year Term: ages 18 - 60
15 Year Term: ages 18 - 55
20 Year Term: ages 18 - 50
Guaranteed Death Benefit 4 In the event of a relevant death, the standard amount payable will be 101% of the Account Value.

1. Monthly payments are only available with Credit Cards and Direct Debit.
2. Guaranteed at maturity. This protection includes loyalty bonuses. All premium payments due must have been received within the grace period, with no contributions decreases or partial withdrawals, to qualify for guarantee. The underlying Principal Protection is derived from structured notes provided by highly rated financial institutions. The investor is facing Issuer/Counterparty Risk of these institutions. An insolvency of these institutions could lead to a partial or total loss of the capital invested by the investor. Please see plan documents for further details.
3. All premium payments due must have been received within the grace period, with no contributions decreases or partial withdrawals, for the Loyalty Bonus to take effect. Loyalty Bonus will be paid after years 10, 15 and 20. S&P 500 10 Year Plans are not eligible for Loyalty Bonus.
4. The Guaranteed Death Benefit shall not be payable if the Insured dies within the first 2 years of the Policy Issued Date from an illness or physical condition that pre-existed the Issue Date or if the Insured commits suicide. If all required contributions are not paid within the grace period, this benefit shall terminate and will not be reinstated.