OPTIONAL

GROUP

INSURANCE

COVERAGE

Individual

Unit

Holders

may

be

eligible for

Group

Life Insurance

coverage

and

Group

Accidental

Death and

Dismemberment

coverage

provided

by

Sagicor

Life

Jamaica

Ltd.,

subject

to

eligibility

criteria

being met.

Coverage

will

be

subject

to

the

terms

contained

in

the

policy

of

insurance

issued

to

the

Manager

by Sagicor

Life

Jamaica

Limited,

the

following

is

an

overview

of

benefits

payable:

§ Only individual Unit Holders designated as the primary Unit Holder will qualify for coverage. Joint

unit

holders

are

not

eligible.

§ No benefit shall be payable in respect of any claims arising within one year of the commencement

date

of

coverage.

§ Group

Life:

In

the

event

of

death

of

the

primary

Unit

Holder

by

a

natural

cause,

a

benefit

of

$100,000.00

will be

payable.

§ Group

Accidental

Death

&

Dismemberment In the event of accidental death, a benefit of $100,000.00 will be payable plus an additional benefit equal to the value of the units held by the insured Unit Holder up to a

maximum of J$5,000,000.00.

§ A benefit

will also be payable in the event of accidental dismemberment of the primary

Unit Holder

computed

based

on

the

value

of

units

held

in

the

Fund.

§ Premiums are an additional cost to the Fund. Premiums will not be deducted from your individual

fund

balance.

Eligibility

§ Coverage

will

not extend

beyond the insured’s 75th birthday for group life insurance, and 64th birthday

for

group

accidental

death

and

dismemberment.

§ The coverage shall terminate upon the earliest of: (a) the date of death of the primary unit holder; (b) the payment of any claim in respect of the primary unit holder; (c) the date the primary

unit

holder

attains

age

75

years; (d) the redemption

date

of the insured

Unit

Holder’s holding

in

the

Fund;

and

(e)

the

date

the

Manager

terminates

the

policy.

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