STANDARD FLEXIBLE PLAN

Standard Flexible Plan (SFP) is an investment linked life assurance plan intended to address the inherent weakness in conventional Life Assurance Policies. It is a long-term focused plan with in-built flexibility to cash out a fixed percentage at periodic intervals and thereby meet the short-term objectives/requirement of the policyholder.

The Policy thus balances the long-term security and short-term liquidity objectives of today's policyholders. It is a living benefit cover that not only provides all year protection but also pays out steadily while the policyholder is still alive.

BENEFIT

• Enhanced 3-part maturity payments..
• Generous annually guaranteed bonuses.
• Superior Returns on Investment.
• Flexible cash values.
• Option to purchase increased cover to take care of inflation.
• Premium is fixed throughout the policy term.
• Additional security for self and family.
• Full face value of investment becomes payable in case of death any time within the policy term not withstanding part-payment already made.

EXTRA BENEFIT

For an additional small premium, the policyholder may purchase any of the following as extra benefits under the plan.

• Waiver of premium Benefit in case of total disability due to accident or sickness.
• Monthly income benefit for permanent and total disability due to accident.
• Double the sum assured in case of accidental death subject to a limit of =N=500,000.00.

ENHANCED 3 - PART PAYMENTS OF BENEFITS

Payment of benefits under the policy is spread over a three-term payment. The first installment of 25% is payable at the end of the 1/3 rd of the term chosen. The next 25% is payable at the end of 2/3 rd of the term while 100% of the face value together with all accrued bonuses shall be paid at maturity. OR 25 - 25 - 50

BONUS

An annual 2% reversionary bonus will be declared based on the face amount of the policy. The bonus is payable along with the final maturity benefit.

OPTION TO INVEST THE PART-PAYMENT OF BENEFIT

The policyholder may exercise the option of re-investing the installment payment due at a higher rate of return with Standard Alliance Life.

GUARANTEED ALL YEAR PROTECTION

The policyholder is insured for the face amount of the policy together with all bonuses declared. In the event of death, no deduction is made for previous installment already received.

OPTION TO PURCHASE INCREASE COVER

The policy may choose to increase the face value without additional medical requirements. The option may only be exercise within 3 years of inception of the policy.