Banking

Savings Accounts

Chequing Accounts

Loans

Credit Cards

Investment Solutions

Foreign Exchange Access

Ways to Bank

Switch Kit

Interest Rates on deposit Accounts

Fee Guide

Terms and Conditions

Code of Conduct on Customer Related Matters

Insurance

Investments

Pension

Mortgage

Real Estate


Guaranteed Investor

Overview

Guaranteed Investor is a TAX-FREE, non-participating, interest-sensitive investment product which offers nominal insurance coverage and can be surrendered without penalty at any interest review date. The policy is available for a minimum investment amount.

Life Insurance

In the event of death, the benefit payable is the aggregate of the sum insured and the surrender value, subject to the provisions of the policy.

Premium Payments

The initial premium is payable on the issue date. Additional investment premiums may be paid on any interest review date during the lifetime of the policy. Both the initial premium and any additional premiums are subject to a minimum amount that the company may vary from time to time.

Interest

The interest rate credited will be determined by the company from time to time and is GUARANTEED for the interest period.

The Accumulated Fund

The accumulated fund of the policy at any date in a policy month will be the value of the fund at the beginning of the policy month PLUS new premiums MINUS interest paid, PLUS interest earned in the month. The company shall withhold from the Accumulated Fund any tax or other levy which the company is obliged to withhold by law.

Surrender Value

The policy may be surrendered for the Accumulated Fund on the next interest review date, provided that written notification is submitted to the company within 7 days of this date. If the policy is surrendered at any other time, however, a surrender charge of 50% of all interest due since the last interest review date will apply.

Payments of Interest

The client may elect at the time of application to allow the earned interest to accumulate along with principal investment or they can add paid at the Interest Review Period or acc.

Contact Us
We want to hear from you
Live Chat
CALL TOLL FREE
JAM 888-SAGICOR(724-4267)
USA & CAN 1-877-SAGICOR
UK 00-800-4-SAGICOR

Related Items