PPS Business Provider

PPS-072 PPS Business Providers 4/23/07 2:30 PM Page 1

Composite

C M Y CM MY CY CMY K

PPS Business Provider

™

As a business owner,

you know that there are

usually one or two key

individuals who contribute

substantially to your business.

What would be the impact on your business if these specific individuals were to die, become disabled or seriously ill and could no longer perform their duties? Would you have the funding to hire someone equal to the task? What if a spouse lays claim to half of the business or wants to sell it to someone with whom you are not comfortable to be in a partnership? Could you pay out the spouse without impacting on the bottom line of your business?

These are very real concerns that face every business owner who is in some kind of partnership or relationship.

Business assurance will never be able to replace the intellectual capital and valuable contribution of the individual concerned, but it can lessen the financial impact of that loss, without having to disrupt the business.

PPS Business Provider™ _{is a business assurance policy, consisting of}

PPS Business Life Provider™ _{and PPS Business Health Provider}™ _{benefits, which facilitates}

various business assurance needs. It provides graduate professionals with a flexible way to construct their risk cover portfolios, whilst keeping the needs of the business in mind.

...for Contingent Liability Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_{, provided}

that the requirements of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Contingent Liability Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

Please note: This does not constitute advice on tax related issues or the structure of benefits to ensure tax advantages. This also does not constitute a representation or guarantee that tax benefits will be applicable. Your personal and business circumstances may impact on the tax implications. Please consult your financial adviser or a tax specialist.

Eligibility Criteria

To qualify for PPS Business Provider™_{the life insured must}

satisfy the PPS membership eligibility criteria.

PPSBP 01/07

w w w. p p s. co. z a

PPS Limited (Limited by Guarantee) Reg No. 2001/011016/09 (PPS) PPS Insurance Company Limited Reg No. 2001/017730/06 (PPS Insurance) -an Authorised Fin-ancial Services Provider – Licence No. 1044

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity. Any representation or opinion is provided for information purposes only. The information provided in this document is subject to the terms and conditions applicable to any policy issued by PPS Insurance.

© 2007 PPS. All rights reserved. This product offering is not for sale in Namibia

Your financial adviser is:

or call us on 0861 PPS 121 (0861 777 121)

Tax implications of

PPS Business Provider

..

.for Key Person Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_,

provided the terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Key Person Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

… for Buy & Sell Agreements

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business partners, co-owners or shareholders can benefit from tax-free proceeds.

OR

Tax Deductible Premiums

If a Close Corporation buys the member’s interests, the business can benefit from tax deductible premiums by buying the conforming PPS Business Life Provider™_,

provided that terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Buy and Sell Agreements will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was taken out or acquired by someone who was a partner or held a share or interest in a company in which the life insured held a share or interest at the time of his/her death

the policy was taken out to buy the interests of the life insured in the event of his/her death

no premium with respect to the policy was paid or borne by the life insured

Note: If a CC or company owned the policy, the above will not apply and the proceeds may form part of the estate of the life insured.

baker str

eet

Types of Business Assurance Needs

Protects the business against the financial losses suffered by the business when a valued employee dies or is unable to work due to disability, incapacity or serious illness.

Enables business partners, co-owners or shareholders to ensure that in the event of the death or incapacity of a partner due to disability or serious illness, the remaining partner(s) can buy that partner’s share of the business. This agreement usually either determines the price of the buyout or includes a predetermined formula to calculate that price.

Enables an agreement to be reached that in the event of death or disability of the

shareholder who stood surety for a loan taken by the business, the proceeds of an insurance policy on the life of that shareholder will be used to repay the loan.

Key Person Assurance Buy & Sell Agreements Contingent Liability Assurance

Reasons to choose

PPS Business Provider

Choice of life, disability and dread disease cover Choice of term or whole life cover

Conversion of term to whole life cover permitted at any time

No additional premium if the life insured participates in extreme sports and hazardous pursuits

Cover is maintained if the life insured emigrates or travels overseas

Declared annual increases in cover counter the eroding effects of inflation (declared at the discretion of the PPS Insurance Board)

* As determined by PPS Insurance.

PPS Business Provider

Your business advantage...

Provides capital for the business to recruit and train a replacement

Alleviates the financial strain in the event of loss of the key individual’s services

Assists the business in protecting its creditworthiness

...for Buy & Sell Agreements

Ensures that the business remains in the hands of the people who have worked hard to build it

Protects the partners’ interests in the business for the benefit of their family

...for Contingent Liability Assurance

Removes the financial burden of repaying a loan when a shareholder dies or is unable to continue working The business can use the money, which would have been used to repay the loan, elsewhere to build and expand the business

PPS Business Life Provider

Pays a lump sum benefit in the event of the life insured’s death

Life cover is maintained if the life insured changes occupation to one that doesn’t meet PPS eligibility criteria The rights to the life cover can be ceded partially or fully to a third party as security

Choice of premium frequency (includes quarterly payment option)

Terminal Illness Benefit automatically included at no additional premium

Disability Cover (optional)

Additional cover can be applied for in excess of PPS Insurance standard maximum amounts (subject to additional underwriting criteria being met)

The policyholder has an option to choose the conforming or non-conforming PPS Business Life Provider™

PPS Terminal Illness Benefit

Advances 50% of the life cover benefit, when the life insured is diagnosed with a terminal illness and is expected to live for less than 12 months*

Remaining 50% of the life cover pays out on death

Disability Cover (optional)

Pays a lump sum amount in the event that the life insured is unable to work due to accident or illness, in accordance with PPS Insurance permanent incapacity assessment Available as long as the life insured practises his chosen profession

An accelerated benefit – claiming will reduce the life cover sum insured available at death

PPS Business Health Provider

Pays a lump sum benefit on dread disease conditions and physical impairment events

Covers the life insured for a number of trauma events such as gunshots

Accidental HIV infection cover at no additional premium

CatchAll Cover(optional) includes all known and unknown, serious and permanent medical and physical conditions, and pays a lump sum on the diagnosis of such a condition Benefits and premiums are tailored to meet specific business assurance needs

PPS-072 PPS Business Providers 4/23/07 2:30 PM Page 1

Composite

C M Y CM MY CY CMY K

PPS Business Provider

™

As a business owner,

you know that there are

usually one or two key

individuals who contribute

substantially to your business.

What would be the impact on your business if these specific individuals were to die, become disabled or seriously ill and could no longer perform their duties? Would you have the funding to hire someone equal to the task? What if a spouse lays claim to half of the business or wants to sell it to someone with whom you are not comfortable to be in a partnership? Could you pay out the spouse without impacting on the bottom line of your business?

These are very real concerns that face every business owner who is in some kind of partnership or relationship.

Business assurance will never be able to replace the intellectual capital and valuable contribution of the individual concerned, but it can lessen the financial impact of that loss, without having to disrupt the business.

PPS Business Provider™ _{is a business assurance policy, consisting of}

PPS Business Life Provider™ _{and PPS Business Health Provider}™ _{benefits, which facilitates}

various business assurance needs. It provides graduate professionals with a flexible way to construct their risk cover portfolios, whilst keeping the needs of the business in mind.

...for Contingent Liability Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_{, provided}

that the requirements of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Contingent Liability Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

Please note: This does not constitute advice on tax related issues or the structure of benefits to ensure tax advantages. This also does not constitute a representation or guarantee that tax benefits will be applicable. Your personal and business circumstances may impact on the tax implications. Please consult your financial adviser or a tax specialist.

Eligibility Criteria

To qualify for PPS Business Provider™_{the life insured must}

satisfy the PPS membership eligibility criteria.

PPSBP 01/07

w w w. p p s. co. z a

PPS Limited (Limited by Guarantee) Reg No. 2001/011016/09 (PPS) PPS Insurance Company Limited Reg No. 2001/017730/06 (PPS Insurance) -an Authorised Fin-ancial Services Provider – Licence No. 1044

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity. Any representation or opinion is provided for information purposes only. The information provided in this document is subject to the terms and conditions applicable to any policy issued by PPS Insurance.

© 2007 PPS. All rights reserved. This product offering is not for sale in Namibia

Your financial adviser is:

or call us on 0861 PPS 121 (0861 777 121)

Tax implications of

PPS Business Provider

..

.for Key Person Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_,

provided the terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Key Person Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

… for Buy & Sell Agreements

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business partners, co-owners or shareholders can benefit from tax-free proceeds.

OR

Tax Deductible Premiums

If a Close Corporation buys the member’s interests, the business can benefit from tax deductible premiums by buying the conforming PPS Business Life Provider™_,

provided that terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Buy and Sell Agreements will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was taken out or acquired by someone who was a partner or held a share or interest in a company in which the life insured held a share or interest at the time of his/her death

the policy was taken out to buy the interests of the life insured in the event of his/her death

no premium with respect to the policy was paid or borne by the life insured

Note: If a CC or company owned the policy, the above will not apply and the proceeds may form part of the estate of the life insured.

baker str

eet

Types of Business Assurance Needs

Protects the business against the financial losses suffered by the business when a valued employee dies or is unable to work due to disability, incapacity or serious illness.

Enables business partners, co-owners or shareholders to ensure that in the event of the death or incapacity of a partner due to disability or serious illness, the remaining partner(s) can buy that partner’s share of the business. This agreement usually either determines the price of the buyout or includes a predetermined formula to calculate that price.

Enables an agreement to be reached that in the event of death or disability of the

shareholder who stood surety for a loan taken by the business, the proceeds of an insurance policy on the life of that shareholder will be used to repay the loan.

Key Person Assurance Buy & Sell Agreements Contingent Liability Assurance

Reasons to choose

PPS Business Provider

Choice of life, disability and dread disease cover Choice of term or whole life cover

Conversion of term to whole life cover permitted at any time

No additional premium if the life insured participates in extreme sports and hazardous pursuits

Cover is maintained if the life insured emigrates or travels overseas

Declared annual increases in cover counter the eroding effects of inflation (declared at the discretion of the PPS Insurance Board)

* As determined by PPS Insurance.

PPS Business Provider

Your business advantage...

Provides capital for the business to recruit and train a replacement

Alleviates the financial strain in the event of loss of the key individual’s services

Assists the business in protecting its creditworthiness

...for Buy & Sell Agreements

Ensures that the business remains in the hands of the people who have worked hard to build it

Protects the partners’ interests in the business for the benefit of their family

...for Contingent Liability Assurance

Removes the financial burden of repaying a loan when a shareholder dies or is unable to continue working The business can use the money, which would have been used to repay the loan, elsewhere to build and expand the business

PPS Business Life Provider

Pays a lump sum benefit in the event of the life insured’s death

Life cover is maintained if the life insured changes occupation to one that doesn’t meet PPS eligibility criteria The rights to the life cover can be ceded partially or fully to a third party as security

Choice of premium frequency (includes quarterly payment option)

Terminal Illness Benefit automatically included at no additional premium

Disability Cover (optional)

Additional cover can be applied for in excess of PPS Insurance standard maximum amounts (subject to additional underwriting criteria being met)

The policyholder has an option to choose the conforming or non-conforming PPS Business Life Provider™

PPS Terminal Illness Benefit

Advances 50% of the life cover benefit, when the life insured is diagnosed with a terminal illness and is expected to live for less than 12 months*

Remaining 50% of the life cover pays out on death

Disability Cover (optional)

Pays a lump sum amount in the event that the life insured is unable to work due to accident or illness, in accordance with PPS Insurance permanent incapacity assessment Available as long as the life insured practises his chosen profession

An accelerated benefit – claiming will reduce the life cover sum insured available at death

PPS Business Health Provider

Pays a lump sum benefit on dread disease conditions and physical impairment events

Covers the life insured for a number of trauma events such as gunshots

Accidental HIV infection cover at no additional premium

CatchAll Cover(optional) includes all known and unknown, serious and permanent medical and physical conditions, and pays a lump sum on the diagnosis of such a condition Benefits and premiums are tailored to meet specific business assurance needs

PPS-072 PPS Business Providers 4/23/07 2:30 PM Page 2

Composite

C M Y CM MY CY CMY K

Types of Business Assurance Needs

Protects the business against the financial losses suffered by the business when a valued employee dies or is unable to work due to disability, incapacity or serious illness.

Enables business partners, co-owners or shareholders to ensure that in the event of the death or incapacity of a partner due to disability or serious illness, the remaining partner(s) can buy that partner’s share of the business. This agreement usually either determines the price of the buyout or includes a predetermined formula to calculate that price.

Enables an agreement to be reached that in the event of death or disability of the

shareholder who stood surety for a loan taken by the business, the proceeds of an insurance policy on the life of that shareholder will be used to repay the loan.

Key Person Assurance Buy & Sell Agreements Contingent Liability Assurance

Reasons to choose

PPS Business Provider

Choice of life, disability and dread disease cover Choice of term or whole life cover

Conversion of term to whole life cover permitted at any time

No additional premium if the life insured participates in extreme sports and hazardous pursuits

Cover is maintained if the life insured emigrates or travels overseas

Declared annual increases in cover counter the eroding effects of inflation (declared at the discretion of the PPS Insurance Board)

* As determined by PPS Insurance.

PPS Business Provider

Your business advantage...

Provides capital for the business to recruit and train a replacement

Alleviates the financial strain in the event of loss of the key individual’s services

Assists the business in protecting its creditworthiness

...for Buy & Sell Agreements

Ensures that the business remains in the hands of the people who have worked hard to build it

Protects the partners’ interests in the business for the benefit of their family

...for Contingent Liability Assurance

Removes the financial burden of repaying a loan when a shareholder dies or is unable to continue working The business can use the money, which would have been used to repay the loan, elsewhere to build and expand the business

PPS Business Life Provider

Pays a lump sum benefit in the event of the life insured’s death

Life cover is maintained if the life insured changes occupation to one that doesn’t meet PPS eligibility criteria The rights to the life cover can be ceded partially or fully to a third party as security

Choice of premium frequency (includes quarterly payment option)

Terminal Illness Benefit automatically included at no additional premium

Disability Cover (optional)

Additional cover can be applied for in excess of PPS Insurance standard maximum amounts (subject to additional underwriting criteria being met)

The policyholder has an option to choose the conforming or non-conforming PPS Business Life Provider™

PPS Terminal Illness Benefit

Advances 50% of the life cover benefit, when the life insured is diagnosed with a terminal illness and is expected to live for less than 12 months*

Remaining 50% of the life cover pays out on death

Disability Cover (optional)

Pays a lump sum amount in the event that the life insured is unable to work due to accident or illness, in accordance with PPS Insurance permanent incapacity assessment Available as long as the life insured practises his chosen profession

An accelerated benefit – claiming will reduce the life cover sum insured available at death

PPS Business Health Provider

Pays a lump sum benefit on dread disease conditions and physical impairment events

Covers the life insured for a number of trauma events such as gunshots

Accidental HIV infection cover at no additional premium

CatchAll Cover(optional) includes all known and unknown, serious and permanent medical and physical conditions, and pays a lump sum on the diagnosis of such a condition Benefits and premiums are tailored to meet specific business assurance needs

PPS Business Provider

™

As a business owner,

you know that there are

usually one or two key

individuals who contribute

substantially to your business.

What would be the impact on your business if these specific individuals were to die, become disabled or seriously ill and could no longer perform their duties? Would you have the funding to hire someone equal to the task? What if a spouse lays claim to half of the business or wants to sell it to someone with whom you are not comfortable to be in a partnership? Could you pay out the spouse without impacting on the bottom line of your business?

These are very real concerns that face every business owner who is in some kind of partnership or relationship.

Business assurance will never be able to replace the intellectual capital and valuable contribution of the individual concerned, but it can lessen the financial impact of that loss, without having to disrupt the business.

PPS Business Provider™ _{is a business assurance policy, consisting of}

PPS Business Life Provider™ _{and PPS Business Health Provider}™ _{benefits, which facilitates}

various business assurance needs. It provides graduate professionals with a flexible way to construct their risk cover portfolios, whilst keeping the needs of the business in mind.

...for Contingent Liability Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_{, provided}

that the requirements of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Contingent Liability Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

Please note: This does not constitute advice on tax related issues or the structure of benefits to ensure tax advantages. This also does not constitute a representation or guarantee that tax benefits will be applicable. Your personal and business circumstances may impact on the tax implications. Please consult your financial adviser or a tax specialist.

Eligibility Criteria

To qualify for PPS Business Provider™_{the life insured must}

satisfy the PPS membership eligibility criteria.

PPSBP 01/07

w w w. p p s. co. z a

PPS Limited (Limited by Guarantee) Reg No. 2001/011016/09 (PPS) PPS Insurance Company Limited Reg No. 2001/017730/06 (PPS Insurance) -an Authorised Fin-ancial Services Provider – Licence No. 1044

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity. Any representation or opinion is provided for information purposes only. The information provided in this document is subject to the terms and conditions applicable to any policy issued by PPS Insurance.

© 2007 PPS. All rights reserved. This product offering is not for sale in Namibia

Your financial adviser is:

or call us on 0861 PPS 121 (0861 777 121)

Tax implications of

PPS Business Provider

..

.for Key Person Assurance

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business can benefit from tax-free proceeds. OR

Tax Deductible Premiums

The business can benefit from tax deductible premiums by obtaining the conforming PPS Business Life Provider™_,

provided the terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Key Person Assurance will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was not taken out by the life insured

no premium with respect to the policy was paid or borne by the life insured

no part of the benefit proceeds was or will in future be paid into the estate of the life insured

no part of the benefit proceeds will be paid to a relative, a dependant or a family company of the life insured

… for Buy & Sell Agreements

Income Tax

Depending on the needs and suitability of the business:

Tax-Free Proceeds

The business partners, co-owners or shareholders can benefit from tax-free proceeds.

OR

Tax Deductible Premiums

If a Close Corporation buys the member’s interests, the business can benefit from tax deductible premiums by buying the conforming PPS Business Life Provider™_,

provided that terms of Section 11(w) of the Income Tax Act are adhered to.

Estate Duty

The proceeds of Buy and Sell Agreements will not be deemed to form part of the estate of the life insured, subject to the following requirements:

the policy was taken out or acquired by someone who was a partner or held a share or interest in a company in which the life insured held a share or interest at the time of his/her death

the policy was taken out to buy the interests of the life insured in the event of his/her death

no premium with respect to the policy was paid or borne by the life insured

Note: If a CC or company owned the policy, the above will not apply and the proceeds may form part of the estate of the life insured.

baker str

eet