What is an Investment Linked Product? An investment linked product is a non-traditional life insurance plan. It is a life insurance policy with an investment component linked to it. A portion of the premium is allocated to an investment or separate fund. It is a policy that provides for life insurance where the account value at any time varies according to the performance of the separate fund chosen by the policyowner. What is a policyowner? The owner of an investment linked policy is the policyowner. He is the party to the contract entitled to life insurance benefits and the fund value of his investment. What is Dollar Wealth Builder? Dollar Wealth Builder is Insular Life's US dollar denominated, investment linked product which combines the benefit of savings, investment and insurance protection all in a single product. Only a single premium payment is required for a whole life coverage providing living and death benefits. The single premium is to be determined by the policyowner. The single premium less its initial and insurance charges will be invested in a separate fund. Performance of the underlying separate fund affects the living and death benefits. What is the available fund type for Dollar Wealth Builder? The separate fund linked to this product is the Dollar Fixed Income Fund. This fund is composed of investments placed in a diversified portfolio of US dollar denominated fixed income instruments issued mainly by the Philippine government and prime corporations. This investment offers steady performance and minimal risk as interest payments on the instruments tend to be stable and predictable. What are unit and unit price? The policyowner's share in the separate fund represents a unit. A policyowner may have more than one unit. The unit price is the value of the underlying assets of the separate fund divided by the number of units issued. Where can I find the current unit price/s of my investment linked policy? This can be viewed in our website www.insularlife.com.ph and is published every Friday in the business section of the Philippine Star. What is Fund or Account Value? This is the value of the investment-linked insurance policy based on the performance of the separate fund at the time of valuation. Will my beneficiaries get anything if something happens to me? Yes, your beneficiaries will get whichever is higher of the fund value or the minimum guaranteed death benefit. Is it possible for me to withdraw part of my investment? You can withdraw from your fund as long as your policy has a withdrawal value. Minimum withdrawal amount is $250, but to keep your account in-force a minimum maintaining balance after withdrawal of $1,500 is required. * If your balance after partial withdrawal is less than the minimum required, you must fully withdraw your fund and your policy will be terminated. At present, no withdrawal fee is charged for full or partial withdrawals. However, we may impose a withdrawal fee for full or partial withdrawals at a later date. Is it possible to cancel my investment linked policy should I find it unsuitable to my needs? Yes, it is possible to cancel your investment linked policy within the 15-day cooling off period. During the cooling off period, the policyowner can review the policy and should he decide that the policy is not suitable to his needs, the policy can be returned with the policy data page within 15 days from the date it was received. The company will refund the market value of the units including the initial and insurance charges. What happens if I plan to discontinue my policy? You can apply for a full withdrawal of the fund once the policy has a withdrawal value if you plan to discontinue your policy. At present, no withdrawal fee is charged for full withdrawals. However, we may impose a withdrawal fee for full withdrawals at a later date. What are Top-ups? Top-ups are additional premiums on top of your single premium. Subject to company's approval, you can place this additional single premium payment/s anytime while your policy is in force. The minimum top-up required is $500. What is buying and selling of units and when can I buy and sell units? Buying of units is also known as top-up while selling is withdrawal. Buying and selling is dependent on the time IL receives the policyowner's application. 13.1 If the application for single premium, top-up, cooling-off and withdrawal is received from Tuesday of the previous week to Monday of the current week, the unit price will be the price published on the Friday of the current week. 13.2 If the application for single premium, top-up, cooling-off and withdrawal is received on Tuesday of the current week to Monday of the following week, the unit price will be the price published on the Friday of the following week. Are there charges to be deducted from my premium? Yes, there will be charges and expenses to be deducted from your premium. These are as follows: Insurance charges which is a percentage amount of single and top-up premiums based on age of insured at time of single or top-up premium; Premium charges of 5%; Annual investment management charges; 1.5% of the fund value for Dollar Fixed Income Fund; and Annual fund accounting charges of 0.50% - 0.75% of the fund value for each fund Investment linked product is a non-traditional life insurance product, how does this differ from a traditional life insurance? In traditional life insurance that consists of life protection and endowment products, benefits are fixed; consequently, returns on the product are limited to what its contract declares. On the other hand, a non-traditional life insurance product, allows the policyowner to ride the wave of interest returns. Earning potential on his fund is thereby maximized. How much earnings will I make from my investment linked policy? Are these guaranteed? For illustration purposes, earnings are shown at 3%, 5%, and 8% yield per annum. The actual earnings will depend on the performance of the fund and the length of time it is being invested. And because the earnings shown are for illustration purposes only, these are NOT guaranteed. How much is the minimum single premium? Minimum single premium is $2,000. Why should I invest in Dollar Wealth Builder? 18.1 Dollar Wealth Builder maximizes your earning potential. It has lower mortality charges compared to other investment-linked products and currently, does not impose any withdrawal charges. 18.2 Dollar Wealth Builder is simple and easy to understand. The single unit pricing scheme is used and NAVPUs declared in the newspapers every week are already net of all charges. 18.3 "Small" investors will benefit from the interest rates the "pooled funds" will generate. From a fund base of approximately $2 million, an investor who puts in $2,000 will be able to share in the higher yield the pooled fund will generate. 18.4 The increase in Wealth Builder's Net Asset Value (NAV) will not be subject to tax. For instance if the NAV this week is P1.00 and increases to P1.10 the following week, the P0.10 difference will not be subject to tax. On the other hand, increases in the fund level of other financial instruments, such as savings, time deposits or trust accounts, are subject to tax. 18.5 Being a life insurance product, the living benefit (fund value) or the death benefit of Dollar Wealth Builder cannot be garnished if the beneficiaries designated are irrevocable beneficiaries. In effect, the investment placed by the policyowner and the earnings and proceeds from his investment are protected from creditors. On the other hand, investments in mutual funds, common trust funds, and time deposit/savings accounts can be garnished. 18.6 Wealth Builder enjoys tax leverage. It is not subject to any of the following taxes: value added tax (VAT), personal income tax, or estate tax. 18.7 Wealth Builder's life insurance component guarantees a minimum death benefit equal to 125% of single premium plus top-ups less withdrawals. If the insured dies even if the fund value is lower than the amount invested, his/her beneficiaries are guaranteed to receive the death benefit. 18.8 Dollar Wealth Builder assures the safety and security of the investment which you desire in a stable currency, while providing you the opportunity to earn better returns for your money.

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