Investment-Linked Life Assurance

investment-linked-assurance

At SA LIFE, we understand the future is uncertain; We are here to pave a clearer path for you with our numerous investment life insurance plans offering both investment and life protection, which can be tailored to meet your immediate and future needs, dependent upon your budget and requirements. The future is a vast frontier and you need not limit yourself. Let SA LIFE investment policies set you up for life so you can feel secure today!!

Income augmenting plans You want your money to work harder for you, we understand. That’s why SA LIFE has created a range of income augmenting investment policies with promising returns to help you afford the life you want.

Flexible Assurance Schemes You want to invest your money in the long run, but still need to have access for the near future? That’s fine. Our tailored Flexible Assurance Schemes give you the benefits of investing; while giving your almost immediate access to your money should you need it.

Deposit/Savings schemes Saving for your future is made easier with our deposit based life insurance schemes. Whether for your house, expansion of your company, your children’s education, or to leave something behind for your loved ones after you pass away, SA LIFE has a policy that will suit your lifestyle.

INVESTMENT-LINKED LIFE ASSURANCE

DLAS is a Life assurance product offered exclusively to high net worth individuals seeking to use life assurance as an added security for their family. The Scheme entitles individual investors to a guaranteed and regular interest income along with a life insurance cover. The unique feature of the scheme is that it affords the policyholder with the flexibility of withdrawing capital investment at short notice after the completion of 2 years.

Features

Premium: Minimum of N250, 000.00

Premium is a Lump sum deposit

Policy allows the injection of additional funds

Policy duration: Minimum of 5 years

Policy Certificate is accepted by banks as security against loans

Return: up to 6% per annum and determined by the prevailing market rate.

Life Assurance Benefits: 4 time the amount of investment subject to a maximum of N10 million. (Sample Quote: Total Premium invested =N1,000,000 + Life Insurance Benefit (x4) = N4,000,000,00)

If termination is desirable before maturity (within the 1st 5 years) will attract a handling charge of 25% of the capital sum

Withdrawal Benefit: The scheme allows withdrawal at short notice with penalty payable.

Death Benefit: Life Assurance benefit payable to the named beneficiary(ies) is the aggregate sum of the Life cover + Total contributions +Interest.

Tax Advantage All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

We know securing your future financially means everything to you, it is important to us as well. SA Life offers an investment plan + Life Assurance policy which enables you have additional assets through periodical savings of a sum of money for a specified number of years. Accumulated funds can therefore act as a savings account for future expenditure such as a child’s education, retirement funds and even pay your loved ones in the event of your demise.

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.”
― Alan Gotthardt

Our Policy

The policyholder determines the specific contribution amount, mode of payment and payment plan (monthly/ quarterly,/annually ) under the plan. A lump sum deposit or increase in the regular savings amount can also be made under the SA Life Investment plan.

Features

Policyholder determines the premium

Premium payment is made Monthly/Quaterly/Annually

Policy duration: minimum of 5 years

Policy Minimum Investment: N10, 000.00

Guaranteed Return: 5%

Life insurance cover of N500,000.00 payable to named beneficiaries in the event of death of the policyholder.

Medication examination is not required.

The policy is Tax Deductible and proceeds at maturity are tax-free.

Maturity of Benefit
At Maturity, the amount in the investment account becomes payable immediately. The surrender of policy before the Maturity date will attract a penalty charge as follows.

Duration at withdrawal (years) Penalty (% of balance)

1 year : Nil Surrender

2 years : Nil Surrender

3 years : 5%

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

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4 years and above: No penalty

As an owner of a growing business, you face tough challenges every day. Making sure your business is adequately protected today and tomorrow is our priority, which can be achieved with our Income Protection Plan (IPP). This policy is designed to provide guaranteed accumulated funds for projected future expenditures or projects. The plan is a life assurance product that incorporates investment on contributions, as well as accidental death benefit.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
-Warren Buffett

How It Works

The policyholder determines the specific contribution amount, mode of payment and payment plan (monthly/ quarterly,/annually ) under the plan. The policy allows the injection of additional funds or an increase in the regular savings amount.

Features

Policyholder determines the premium

Premium payment is made Monthly/Quaterly/Annually

Policy duration: minimum of 10 years

Policy Minimum Investment: N10, 000.00

Life insurance cover is a function of the Sum Assured which is determined by the policyholder.

Additional lump sum deposit can also be made under the plan

Guaranteed Return: 5.5%

Partial withdrawal of up to 25% after 5 years

No. 8 to read (Partial withdrawal of up to 25% on the investment balance after consistence payment of premium for 5 years)

Policy loan. The Policy allow for loan on policy up to 90% of the Surrender Value

Maturity Benefit

Upon maturity date, the benefit payable shall be an amount equal to the accumulated fund and interest in the investment plan. The policyholder may decide to convert part of or the total proceeds at maturity to a Life annuity guaranteed for a minimum of 10 years in line with PRAN (PENSION REFORM ACT OF NIGERIA) 2004.

Death Benefit

The benefit payable on the death of the policyholder prior to the maturity date, shall be the Total regular premium + interest or the Sum assured; whichever is greater.

Tax Advantage

All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

CAPI is targeted at individual investors desirous of earning guaranteed interest income together with life assurance cover. The plan also includes a generous capital appreciation benefit to cater for inflation and fluctuations in interest rates. It is structured to provide comfort for busy executives who want to guarantee and enhance their family financial security at all times.

“Price is what you pay, value is what you get.” – Warren Buffett

How It Works

The policyholder pays a minimum amount of N50,000 as premium and enjoys flexible subsequent premium payment as determined. The policyholder also decide’s the mode of payment and payment plan (monthly/ quarterly,/annually) under the plan. The policy allows the injection of additional funds.

Features

Premium is determined by the policyholder

Premium is is made Monthly/Quarterly/Annually

The policy allows the injection of additional funds

Policy Minimum Investment: N50, 000.00

Policy duration: Minimum of 5 years

Guaranteed Return: 5%

Life Assurance Cover: 5 times of capital invested payable to named beneficiaries. (Sample Quote: Capital invested =N100,000, Life Insurance Benefit (x5) = N500,000) to a maximum limit of =N=1million

If termination is desirable before maturity (within the 1st 5years) will attract a handling charge of 25% of the capital sum

The policy is a variance of DLAS

Maturity of Benefit
At Maturity, the amount in the capital investment account + Interest, becomes payable immediately.

Withdrawal Benefit
The Policyholder can withdraw from the plan at any time and at short notice after the completion of 2years.

Death Benefit
Life Assurance benefit payable to the named beneficiary(s) is the aggregate sum of the Life cover + Total contributions +Interest.

Tax Advantage
All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

Flexible Assurance Scheme (FAS) is an investment linked Assurance Scheme that is designed to meet immediate and future financial needs as well as provide life insurance cover. The unique feature of this scheme is that it allows the policyholder access to accumulated funds after 12 months while the life cover continues with the payment of regular contributions.

“How long you stay invested for will likely be the single most important factor determining how well you do at investing”. – Morgan Housel

Features

Policyholder determines the premium

Premium payment is made Monthly/Quaterly/Annually

Policy duration: minimum of 5 years

Policy Minimum Investment: N5, 000.00

Flexibility to increase investment funds

Life assurance cover (payable to named beneficiaries)

Life Assurance is a function of the total contribution (sum assured)

Medication examination is not required.

The policy is Tax Deductible and proceeds at maturity are tax-free.

Sample Of FAS Investment Options

Contribution Premier Standard Budget
Minimum Annual N240,000.00 N120,000.00 N60,000.00
Minimum Monthly N20,000 N10,000.00 N5,000
Maximum Contribution Unlimited N239,999.00 N119,999.00
Guaranteed Return 6% 5% 4%
Life Assurance Benefit N500,000.00 N350,000.00 N250,000.00

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

Executive Flexible Assurance Scheme (EFAS) is designed for high net worth individuals. The scheme entitles individual investors to a guaranteed investment income in the form of interest on premium contributions in addition to a unique life cover.

The unique feature of the scheme is that life assurance benefit is guaranteed for the entire duration of the plan from the moment the policyholder subscribe to the scheme and maintained regular monthly contribution.

Features

Policyholder determines the capital investment

Premium payment is made Monthly/Quaterly/Annually

Policy duration: minimum of 5 years

Policy Minimum Investment: N40, 000.00

Partial withdrawal after 2 years

Flexibility to increase investment funds

Life assurance cover (payable to named beneficiaries)

Life assurance is a function of the total contribution (sum assured)

Sample Of EFAS Investment Option

Contribution Gold Sliver Bronze
Minimum Annual 1,200,000.00 720,000.00 480,000.00
Minimum Monthly 100,000.000 60,000.00 40,000.00
Maximum Contribution Unlimited 1,199,999 719,999
Guaranteed Return 10% 8% 7%
Life Assurance Benefit 1,500,000 1,000,000 750,000

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

Special Flexible Assurance Scheme (SFAS) is an investment + Life assurance scheme designed to meet financial and life insurance needs of the informal sector – Artisans, Market women and Shop owners.

The scheme was designed to assist and drive them to set aside as savings, part of their daily income towards building substantial funds for the development of their business.

Features

Policyholder determines the premium

Premium payment is made Weekly/Monthly/Quaterly

Policy duration: minimum of 2 years

Policy Minimum Investment: N5, 000.00

Flexibility to increase investment funds

Life insurance cover of N100,000.00

Medication examination is required

The policy is Tax Deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

Investment Scheme to meet your every needs and meet your target budget. Have a look at the options available to you.

 

Benefits Of FAS – EFAS – SFAS

Guaranteed income to meet immediate and future needs.

Accumulation of funds to execute desired projects

Financial protection for dependents.

A robust guaranteed return on fund.

Policy can be used as collateral for other transactions.

Life insurance cover.

Free financial advisory service.

Medical examination is not required.

The policy is Tax Deductible and proceeds at maturity are tax-free

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

SLAS is a Savings + Life assurance scheme designed for individuals desirous of accumulating wealth to meet future financial needs by making a fixed monthly savings deposit.

The policy is also structured to provide the policyholder with a Life benefit cover and Returns on investment.

How It Works

The policyholder pays a minimum amount of N10, 000 as premium for 5 years or more. Upon maturity, the policyholder has the opportunity to reinvest the sum assured (accumulated funds) into another advance investment policy DELAS. The policyholder also decides the mode of payment and payment plan (monthly/ quarterly/annually) under the plan.

Features

Premium: Minimum of N10, 000.00

Premium is made Monthly/Quaterly/Annually

The policy allows the injection of additional funds

Policy duration: Minimum of 5 years

Guaranteed Return: 5%

Life Assurance Cover: 2 times of Total Annual Savings payable to named beneficiaries. (Sample Quote: Premium invested =N120,000, Life Insurance Benefit (x2) = N240,000) to a maximum limit of =N=2Million

If termination is desirable before maturity (within the 1st 5years) will attract a handling charge of 25% of the capital sum

The policy is a variance of DELAS

Maturity of Benefit
At Maturity, the amount in the capital Investment Account + Interest, becomes payable immediately.

Withdrawal Benefit
The Policyholder can withdraw from the plan at any time and at short notice after the completion of 2years.

Death Benefit
Life Assurance benefit payable to the named beneficiary(ies) is the aggregate sum of the Life cover + Total contributions +Interest.

Tax Advantage
All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

GSLAS is a comprehensive thrift scheme that enables a group of people in a particular Company/Association/Club to collectively build up accumulate funds for a minimum duration of five years.

The scheme is structured to encourage a group to save and enjoy competitive returns on their investment in addition to a Life Benefit cover on accumulated savings.

How It Works

With a minimum contribution of N5,000 for individual-group member, the policyholders determine as a Group, the mode of payment and payment plan (monthly/ quarterly/annually) under the Scheme while enjoying the ability to have a self collateral loan issued within the group.

Features

Premium: Minimum of N5, 000.00

Premium is made Monthly

Participants: Minimum of 10 people

Policy allows the reinvestment of Maturity value

Policy allows the injection of additional funds

Policy duration: Minimum of 5 years

Life Assurance Cover: 2 times of Total Annual Savings contribution subject to maximum of =N=500,000.00 (Sample Quote: Premium invested =N60,000, Life Insurance Benefit (x2) = N120,000)

Policy Documentation
Each contributor into the scheme will be issued a participation certificate detailing investment made and available benefits under the scheme.

Withdrawal Benefit
The scheme allows partial withdrawal after 2 years of commencement of the policy.

Death Benefit
Life Assurance benefit payable to the named beneficiary(ies) is the aggregate sum of the Life cover + Interest.

Tax Advantage
All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification