VIVA 100
UNIVERSAL VARIABLE LIFE
VIVA 100 combines the flexibility and protection of the Universal Life insurance with international mutual funds investments providing a more aggressive accumulation of capital.
• Policy values are based on the performance of an array of available investment funds as selected by the insured, which could provide significant earnings.
• Policy accumulation values are held in a “separate account” to the assets of the insurance company that issues the plan for the protection and benefit of the policyholder.
US$ 100,000 1-75 years
Accelerated Death Benefit (Included)
US$ 1,500
Death benefit proceeds are tax-exempt in United States. Rev. 02/2013
Select the protection required:
• OPTION “A” provides a level death benefit. • OPTION “B” provides increasing death benefit (consistent of original death benefit plus accumulated values.)
• Accumulated growth is tax free.
• Wide variety of mutual funds available allowing combinations and diversification of investment. • Investment in a ‘separated account’.
• The mutual fund transaction takes place in the NY Stock Exchange or other world markets. • Additional deposits may be made any time.
• Premium payments and benefits may vary to suit customer needs. • Partial withdrawals option available.
POLICY FUNCTION Paid premiums Monthly cost of insurance Monthly administrative charge Partial withdrawals
Accumulated values Fund
performance Growth of accumulated
values (tax-exempt) MINIMUM FACE AMOUNT
AGES OF ISSUE AVAILABLE RIDERS
MINIMUM INITIAL PREMIUM
Accumulated
Value Level
Death Benefit IncreasingDeath Benefit Years OPTION A Years OPTION B $ $ Accumulated Value
LIFETIME
UNIVERSAL LIFE
LIFETIME offers excellent cash value accumulation allowing the insured the option to pay up the policy in fewer years. • Accumulation values available for immediate liquidity through loans and partial withdrawals.
• Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility.
• Is a unique Universal Life plan that projects and pays guaranteed values as shown on the sales illustration and detailed by contract.
Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014
Accumulated Value
Level
Death Benefit Increasing Death Benefit
Years OPTION A Accumulated Value Years OPTION B $ $ POLICY FUNCTION
This policy was designed to fit your changing needs. Its unique flexibility allows: • Increase or decrease face value.
• Change mode and frequency of premium payments.
• Increase or decrease deposits as long as the policy has available values to cover mortality and administrative costs. Interest
Paid premiums
Policy loans Cost of insurance
(Monthly) Administrative charge (Monthly) Partial withdrawals Accumulated values Surrender values
Select the protection required:
• OPTION “A”provides a level death benefit.
• OPTION “B” provides an increasing death benefit (Death benefit plus Accumulated Value).
MINIMUM FACE AMOUNT AGES OF ISSUE
AVAILABLE RIDERS
US$ 100,000 20-75 years
• Accidental Death Benefit • Waiver of Monthly Charges • Term Insurance • Family Income
• Transfer Option (Included)
NOVA
UNIVERSAL LIFE
NOVA offers excellent cash value accumulation allowing the insured the option to pay up the policy in fewer years.
• Accumulation values available for immediate liquidity through loans and partial withdrawals. • Offers flexible premium payments and excellent life insurance protection.
• Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility. • Represents a solid asset that complements your investment and insurance portfolio.
Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014
Accumulated Value
Level
Death Benefit Increasing Death Benefit
Years OPTION A Accumulated Value Years OPTION B $ $ POLICY FUNCTION
This policy was designed to fit your
changing needs. Its unique flexibility allows: • Increase or decrease face value.
• Change mode and frequency of premium
payments.
• Increase or decrease deposits as long as
the policy has available values to cover
mortality and administrative costs. Interest
Paid premiums
Policy loans Cost of insurance
(Monthly) Administrative charge (Monthly) Partial withdrawals Accumulated values Surrender values MINIMUM FACE AMOUNT
AGES OF ISSUE AVAILABLE RIDERS
US$ 100,000 1-75 years
• Accidental Death Benefit • Waiver of Monthly Charges • Term Insurance • Family Income
• Transfer Option (Included)
• Accelerated Death Benefit (Included)
Select the protection required:
• OPTION “A”provides a level death benefit.
• OPTION “B” provides an increasing death benefit (Death benefit plus Accumulated Value).
UNIT ERM
UNIVERSAL LIFE
UNITE RM offers flexible premium payments and benefits that may vary to suit customer needs.
• Ideal for family or usiness protection and other insurance needs.
• esigned to com ine the advantages of lo cost erm insurance ith the accumulating values of a niversal ife plan. • igh face amounts at lo cost.
• iquidity during life of the policy ased on loans and partial ithdra als.
• Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility. • epresents a solid asset that complements your investment and insurance portfolio.
20-75 years
• ccidental eath enefit • aiver of onthly Charges
• Term Insurance • Family Income
• Transfer Option (Included)
• ccelerated eath enefit Included
eath enefit proceeds are ta e empt in nited tates. ev.
Accumulated Value evel
eath enefit Increasingeath enefit
Years O P T IO N A Years O P T IO N B $ $ Accumulated Value
Select the protection required:
• OPTION “A” provides a level death benefit.
• OPTION “B” provides increasing death enefit
consistent of original death enefit plus accumulated values.) Interest Policy loans Partial ithdra als Surrender values P O LIC Y FUNC T IO N Paid premiums Monthly cost of insurance Monthly administrative charge Accumulated values M INIM UM FAC E AM O UNT
AG ES O F ISSUE AVAILAB LE RIDERS
his policy as designed to fit your changing needs. Its unique fle i ility allo s
• Increase or decrease face value.
• Change mode and frequency of premium
payments.
• Increase or decrease deposits as long
as the policy has available values to cover mortality and administrative costs.
UNIVIDA
UNIVERSAL LIFE
UNIVIDA offers excellent coverage at low cost with continuous or limited premium payments.
• Attractive cash value accumulation and protection.
• Cash values at competitive interest rates superior to average banking rates, not subject to stock market volatility.
• Policy may be paid in a few years using accumulated cash values.
Select the protection required:
• OPTION “A” provides a level death benefit.
• OPTION “B” provides increasing death benefit (consistent of original death benefit plus accumulated values.)
US$ 250,000 18-75 years
• Accidental Death Benefit • Waiver of Monthly Charges
• Term Insurance • Family Income
• Transfer Option (Included)
• Accelerated Death Benefit (Included)
This policy was designed to fit your changing needs. Its unique flexibility allows:
• Increase or decrease face value.
• Change mode and frequency of premium
payments.
• Increase or decrease deposits as long
as the policy has available values to cover mortality and administrative costs.
Death benefit proceeds are tax-exempt in United States. Rev. 02/2013
Accumulated Value Level
Death Benefit IncreasingDeath Benefit
Years OPTION A Years OPTION B $ $ Accumulated Value Interest Policy loans Partial withdrawals Surrender values POLICY FUNCTION Paid premiums Monthly cost of insurance Monthly administrative charge Accumulated values
MINIMUM FACE AMOUNT AGES OF ISSUE
UNIP LUS
UNIVERSAL LIFE
UNIPLUS offers maximum protection and excellent cash value accumulation.
• Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility. • ide range et een minimum and target premium payments.
• igh target premium creates sufficient cash value to discontinue premium payments. • iquidity during life of policy is ased on loans and partial ithdra als.
• epresents a solid asset that complements your investment and insurance portfolio.
eath enefit proceeds are ta e empt in nited tates. ev.
Accumulated Value Level
Death Benefit IncreasingDeath Benefit Years O P T IO N A Years O P T IO N B $ $ Accumulated Value
Select the protection required:
• OPTION “A” provides a level death enefit.
• OPTION “B” provides increasing death enefit
consistent of original death enefit plus accumulated values.) Interest olicy loans Partial ithdra als Surrender values P O LIC Y FUNC T IO N Paid premiums onthly cost of insurance onthly administrative charge Accumulated values years
• Accidental Death Benefit • aiver of onthly Charges
• Term Insurance • amily Income
• Transfer Option (Included)
• Accelerated Death Benefit (Included) M INIM UM FAC E AM O UNT
AG ES O F ISSUE AVAILAB LE RIDERS
his policy as designed to fit your changing needs. Its unique fle i ility allo s
• Increase or decrease face value.
• Change mode and frequency of premium payments.
• Increase or decrease deposits as long as the policy has availa le values to cover mortality and administrative costs.
UNIDO S
UNIVERSAL LIFE
UNIDOS is a joint life insurance policy with flexible premiums.
• o persons may e covered under one policy. eath enefit is paid first to die. Insura le com inations • pouses
• arents Children • usiness artners
• In case of simultaneous death ithin hours as consequence of one same accident the policy ill pay the death enefit on oth lives.
• If the second death occurs more than hours after the first death policy proceed ill e paid on the first deceased insured only.
• If the cause of death is other than accidental policy proceeds ill e paid on the first deceased insured. • iquidity during life of policy is ased on loans and partial ithdra als.
• Cash values at competitive interest rates superior to average an ing rates not su ect to stoc mar et volatility.
M INIM UN FAC E VALUE
AG ES O F ISSUE 18-6 5 years
eath enefit proceeds are ta e empt in nited tates. ev. ccumulated
Value
evel
eath enefit Increasingeath enefit
Years O P T IO N A Years O P T IO N B $ $ ccumulated Value
Select the protection required:
• OPTION “A” provides a level death enefit.
• OPTION “B” provides increasing death enefit
consistent of original death enefit plus accumulated values. Interest olicy loans artial ithdra als urrender values P O LIC Y FUNC T IO N aid premiums Monthly cost of insurance Monthly administrative charge ccumulated values
his policy as designed to fit your changing needs. Its unique fle i ility
allows:
• Increase or decrease face value.
• Change mode and frequency of premium
payments.
• Increase or decrease deposits as long as the policy has availa le values to cover mortality and administrative costs.
BEST INDEXED
INDEXED LIFE
Best Indexed is a flexible-premium adjustable life insurance policy with an equity-indexed Accumulated Value.
• Applicant may select one of two indices: Standard & Poor´s 500 (S&P500) or NASDAQ Composite Index (NASDAQ) • Policy values will perform based on calendar year Index performance
• Initial Participation Factor is 75% • Unlimited growth potential (no caps)
• Minimum guaranteed return of 0% ensures integrity of Accumulated Value in negative years • Tax-free growth
• Flexible premium payments and adjustable benefits • Partial withdrawals available
• Illustration projects policy values based on actual historical perfomance during the past 15, 25 and 35 years
Death benefit proceeds are tax-exempt in the United States. Rev 04/2014
MINIMUM FACE AMOUNT AGES OF ISSUE
AVAILABLE RIDERS
US$ 100,000 20-75 years
• Accidental Death Benefit • Waiver of Monthly Charges
• Term Insurance • Accelerated Death Benefit (Included) • Family Income
POLICY FUNCTION
Select the protection required:
• OPTION “A” provides a level death benefit. • OPTION “B” provides an increasing death benefit (death benefit plus Accumulated Value).
Accumulated Value
Level
Death Benefit Increasing Death Benefit
Years OPTION A Accumulated Value Years OPTION B $ $ Monthly administrative and mortality charges Policy loans Partial withdrawals Accumulated Value Paid premiums Index performance with Participation Factor
B EST G UARANT EE
W H O LE LIFE
• hole ife policies are no n as rdinary ife. he special features of this product are guaranteed premiums guaranteed face values and guaranteed surrender values.
• accumulates cash values that may e ithdra n as loans.
• Ideal for long term protection. irected to young e ecutives ho ish to pay up their life policy in a short period of time usiness partners ho ant an accumulated net orth or families ho desire guaranteed protection ith guaranteed cash values.
• his product contractually offers a sta le and guaranteed insurance plan unmatched y no other.
• nce premiums are duly paid in the chosen period coverage ill remain in force to age .
years ge year
G UARANT EED P RO T EC T IO N
G UARANT EED SURRENDER VALUES
I
years
• ccelerated eath enefit Included • erm Insurance
B EST G UARANT EE of f ers the f ollow ing f ea tures :
• uaranteed level protection. • uaranteed surrender values.
• uaranteed level premium paya le in or years.
• uaranteed paying period.
M INIM UM FAC E VALUE AG ES O F ISSUE AVAILAB LE RIDERS
HORIZON
WHOLE LIFE
• HORIZON is a Whole Life policy with guaranteed premiums, guaranteed death benefits and guaranteed surrender values. • It has been designed for those whose medical conditions limit them to obtain coverage elsewhere.
• This policy is issued without evidence of insurability and is a unique guaranteed issue plan that offers variable living and death benefits during the first policy years.
Second to fifth year Sixth year Seventh year Eight year Ninth year
After the ninth year
Beneficiaries will receive return of premiums paid. Beneficiaries will receive 20% of insured face value. Beneficiaries will receive 40% of insured face value. Beneficiaries will receive 60% of insured face value. Beneficiaries will receive 80% of insured face value. Beneficiaries will receive 100% of insured face value.
LIFE INSURANCE BENEFITS
Death benefit proceeds are tax-exempt in the United States. Rev. 07/2014
HORIZON is offered with the following advantages:
• No medical evidence is required. • Guaranteed insurance costs. • Guaranteed surrender values. US$ 100,000 US$ 500,000 18-69 years 120 years Age 1 year GUARANTEED PROTECTION
GUARANTEED SURRENDER VALUES
GUARANTEED PREMIUM
MINIMUM FACE VALUE MAXIMUM FACE VALUE AGES OF ISSUE
TERM 95
TERM LIFE
Death benefit proceeds are tax-exempt in the United States. Rev. 04/2014
• Term Life policies are recommended when the need of insurance is temporary.
• This type of policy offers coverage for specific periods of time. It does not accumulate values, which allows it to be offered at an affordable cost.
TERM 95
• Is a policy offered for a defined period of time.
• Is issued guaranteed renewable, allowing the policy to automatically renew for another period of the same duration without evidence of insurability. The renewal premium is calculated based on the current age of the insured.
• When contracted for 20 or 30 years it may be purchased with a return of premium rider. This rider will guarantee that at the end of the initial term period, all premiums paid will be returned to the policyholder less policy fees. Even after receiving the return of premium value, you may continue maintaining your coverage in force.
95 years Age 21 years
LEVEL DEATH BENEFIT
LEVEL PREMIUM
US$ 250,000
5, 10, 15, 20 and 30 years
21-75 years
• Return of Premium (available for 20 and 30 years) • Accelerated Death Benefit (Included)
MINIMUM FACE VALUE PROTECTION PERIOD AGES OF ISSUE AVAILABLE RIDERS
NO ACCUMULATED VALUES
TERM 100
TERM LIFE
• Term Life policies are recommended when the need of insurance is temporary.
• This type of policy offers coverage for specific periods of time. It does not accumulate values, which allows it to be offered at an affordable cost.
TERM 100
• Is a policy offered for a defined period of time.
• Is issued guaranteed renewable, allowing the policy to automatically renew for another period of the same duration without evidence of insurability. The renewal premium is calculated based on the current age of the insured.
• When contracted for 20 or 30 years it may be purchased with a return of premium rider. This rider will guarantee that at the end of the initial term period, all premiums paid will be returned to the policyholder less policy fees. Even after receiving the return of premium value, you may continue maintaining your coverage in force.
100 years Age 21 years
LEVEL DEATH BENEFIT
LEVEL PREMIUM
US$ 250,000
5, 10, 15, 20 and 30 years 21-75 years
• Return of Premium (available for 20 and 30 years) • Accelerated Death Benefit (Included)
MINIMUM FACE VALUE PROTECTION PERIOD AGES OF ISSUE AVAILABLE RIDERS
NO ACCUMULATED VALUES
Death benefit proceeds are tax-exempt in the United States. Rev. 01/2014
GROUP LIFE INSURANCE
TAILORED SOLUTIONS TO EMPLOYEE NEEDSGroup coverage requests may contain:
• Life. • Health.
• Accidental Death and Dismemberment. • Total and Permanent Disability.
• Travel Assistance.
• Groups of 25 or more persons, between 19 and 69 years old, working for an employer for at least 30 hours a week.
• Insured must be residents of Latin America or the Caribbean. • Groups of 25 or more may choose customized plans.
Eligibility is determined by the contractor or employer who can offer
coverage:
• For all employees. • For executives only.
• For executives and department heads. • For any other group of employees.
• Groups conformed of 25 eligible policyholders qualify for life benefits.
• Group life quotes, without acquiring group health insurance, require a minimum of 25 eligible policyholders.
The face value amount may be determined using one of the following formulas:
• The same sum insured for each eligible policyholder. • By classes: • Executives. • Departments Heads. • Salaries. • Other. • By years of service.
• Minimum amount US$ 10,000 per insured.
• Maximum amount US$ 100,000 without medical requirements.*
* Requests over US $200,000.00 need to submit an Abreviated Life Application or medical requirements.
COVERAGE PACKAGE
ELIGIBILITY
PLAN FEATURES
INSURED AMOUNT
AVAILAB LE RIDERS
LIFE INSURANC E
We will waive permanent life insurance monthly charges when insured has become totally disabled and total disability has continued for at least six consecutive months. Total disability is defined as the inability of the insured, due to injury or illness, to engage in his regular occupation or any occupation for which he is reasonably suited by education, training or experience.
The company agrees to exchange a life insurance policy for a policy on the life of a new insured; upon request of the policy owner and the new insured. The owner of the policy designated in the request, must have insurable interest in the life of the new insured. The exchange will be subject to the receipt of satisfactory evidence of insurability. The owner may apply for a face amount of insurance on the life of the new insured equal to the face amount under his policy. The date of issue of the new policy will be the same as the original policy. The age of issue will be deter-mined by the original date of issue, allowing new insured to pay inferior rates than his current age.
After the policy has been in force for two years, we will pay to the policy owner up to 50% of the sum insured payable by death and up to a maximum of US$ 250,000; if insured’ s medical condition is terminal and has a life expectancy of no more than twelve months, as determined by the company.
For insured between the ages of 15 and 55, this rider provides additional coverage from US$ 50,000 up to US$ 250,000 when death occurs by accident.
The amount of this benefit cannot exceed the face amount of the base policy. The current cost of rider is US$ 1.75 per thousand.
Low cost term insurance may be added to any of the Universal Life programs offered by Best Meridian Insurance Company. The addition of a term rider provides higher coverage at lower costs in combination with the benefits of accumulated values of the permanent insurance plan.
The minimum term rider is US$ 50,000 and maximum up to 5 times the face value of the principal insurance plan.
In addition to the lump sum death benefit, this rider has been designed to ensure financial stability to the beneficiaries providing additional yearly payments for a selected period of time. This benefit is available as a rider for the following Universal Life plans: LIFE TIME , NOVA, UNIPLUS, UNITE RM and UNIVIDA.
The minimum benefit is $25,000.00 per year. The maximum up to 30% of the face value of the selected Universal Life plan.
When this rider is acquired:
• It ill provide eneficiaries ith a fi ed income plan. • llo s the family to maintain their current life style.
May be selected for annual payments during 10 or 20 years starting from date of death of the insured.
W AIVER O F M O NT H LY C H ARG ES
T RANSFER O P T IO N
AC C ELERAT ED DEAT H B ENEFIT
AC C IDENT AL DEAT H B ENEFIT
T ERM INSURANC E
