1. Product Knowledge Training1

2. Disclaimer
This document does not represent an offer to sell or to buy any investments. The document does not constitute advice on the merits of buying or selling a particular investment or exercising any right conferred by any investments. Any investment decision must be made solely on the basis of an offering document and no reliance may be placed on the completeness or accuracy of the information contained in this document. This document must not be passed on to anyone else.
This document is directed at persons who have professional experience in matters relating to investments. Investments will be available only to such persons and any related investment activities will be engaged in only with such persons.

3. Product Knowledge Product Education Plan Savings Plan Memorial Plan
Retirement Plan
Protection Plan
Mortgage Plan
Basic underwriting considerations

4. Overview Overview Our Products Distinctive Product features
Benefits and Advantages
Product Brief
Education Plan
Savings Plan
Memorial Plan
Retirement Plan
Protection Plan
Mortgage Plan
Features
Operational Processes
Basic underwriting considerations

5. Our Products 6

6. Our Products ARMLIFE Education Plan Memorial Plan Savings Plan
Retirement Plan
Protection Plan
Mortgage Plan 7

7. Distinctive Product Features8

8. Distinctive Product Features
The features of our products include:
Double Accident Benefit
Booster
Critical Illness
Waiver of Premium
Sum Assured Escalated

9. Distinctive features of our products
1 Waiver of Premium
A waiver means that some form of legal right has been given up. In this context is a clause that waives the policy holder’s duty to pay further premiums in event of permanent disability, critical illness or death. This does not mean that the Policy is suspended, it remains in force and benefits continue to accumulate.

10. Distinctive features of our products
1 Waiver of Premium
There are some limitations, as follows:
Waiting period: This is a time period (usually three or six months) from the time the Policy Owner/Insured is disabled before the premiums are waived. The reason being that it takes time to medically establish disablement and it must be established that the Insured is unable to do any work.

11. Distinctive features of our products
1 Waiver of Premium
There are some limitations Contd.
Age limitation: Waiving premiums is only permitted if the Policy Owner/Insured is between 18 and 65 years of age (the age range varies with different plans)
Premium frequency: Changes in the frequency of premium payments (say from annual to monthly) are not permitted whilst disablement applies.

12. Distinctive features of our products
2 Critical Illness
The features of critical illness are:
A stared portion of the benefit is paid to a Policy Owner (the Insured) who is diagnosed as suffering from specified diseases or is to undergo certain surgeries. These are known as Insurable events.

13. Distinctive features of our products
2 Critical Illness
Insurable Events includes all or most of the following
Life-threatening cancer.
End – stage kidney (renal) failure.
Heart attack (myocardial infarction)
Stroke.
Coronary bypass surgery.
Vital organ transplants.
Restrictions
Critical illness coverage is only available up to age 65.
Critical illness coverage is only available to standard risks.
Payments may not be made for multiple / recurring events.
Subject to an indemnifying and waiting period

14. Distinctive features of our products
3 Double Accident Benefit
This is where the Life assured dies as a result of an accident, ARM Life will pay to the beneficiary, an amount which is twice the sum assured

15. Distinctive features of our products
4. Sum Assured Escalation
The policyholder will be given three options to escalate the Sum Assured annually up to a maximum of 50% of the original sum assured.
5. Booster
The policyholder will be rewarded with a 10% increase in the Sum Assured only with a limit of 50% of the Sum Assured provided that he/she consistently and timeously makes his instalment contributions over a period of two years.

16. Product Brief 13
ARM © 2013

17. Our Products
Education Plan
It is designed to meet the future educational needs of a child.
The plan has a guaranteed return linked to Treasury Bills which guarantees growth of contributions
It guarantees that in the case of death of the sponsor before the policy reaches maturity the child’s education is guaranteed and secure.

18. Our Products
Education Plan
This plan also provides maximum protection against critical illness and total permanent disability.
It combines both savings and risks elements to adequately fulfil the child’s educational needs.

19. Our Products Education Plan – Benefits & Advantages
Death Benefit  Upon death, there is an immediate payment of Sum Assured to beneficiaries.
Permanent Disability: In a event of an incident that leads to a permanent disability, the sum assured will be paid to the Policy holder
Critical illness:  Where the policy holder is diagnosed of a critical illness, the sum assured is paid to the policyholder

20. Our Products Education Plan – Benefits & Advantages
Double Accident: Where an accident leads to death, twice the sum assured will be paid the policy holder’s beneficiaries.
Maturity Benefit: The total contribution plus accumulated interest at the end of policy term will be released to the policy holder upon maturity.
Family Income: Conversion of the sum assured into income to support the family over a defined period.

21. Our Products
Education Plan – Unique Features
Living Benefit Booster: An additional sum assured (benefit) equivalent to 10% of original sum assured once every two (2) years.
Waiver of Premium
Double accident cover
Hedge against inflation

22. Our Products Education Plan – Product Dynamics Entry Age
18 years to 55 years
Maximum Age at Maturity
60 years
Policy Term
Minimum Term: 5 years, Maximum Term: 20 years
Minimum Annual Contribution
N60,000
Minimum and Maximum Sum Assured
Minimum Sum Assured: N500,000; Maximum Sum Assured – Freedom to choose at least four times the annual chosen contribution.
Payment Mode
Cheque, Direct Debit, Online and Bank Branch Deposit.
No cash payments to Advisors /Sales Reps.
Payment Plan
Monthly, Quarterly, Half Yearly, Yearly

23. Our Products Savings Plan
This is an Individual Life savings plan which has both investment and protection elements. Part of the premium being paid by the policyholder is used to buy a term assurance cover on his/her life, while the balance of the premium is put in his/her investment/allocation account.
Savings Plan is designed towards meeting set personal goals.

24. Our Products Savings Plan
This plan also provides maximum protection against critical illness and total permanent disability.
It combines both savings and risks elements to adequately meet an individual’s personal needs.
The policyholder determines his Sum Assured up to a maximum of N2,000, In cases where a prospect requests a sum assured in excess of N2,000,000.00, the sum assured will be used to calculate and determine the premium payable for the life assurance cover.
It offers flexibility for withdrawals and flexibility to increase investment contributions.

25. Our Products Savings Plan – Benefits & Advantages
Death Benefit: Upon death, there is an immediate payment of Sum Assured to beneficiaries.
Permanent Disability: In the event of an incident that leads to a permanent disability, the sum assured will be paid to the Policy holder.
Critical illness:  Where the policy holder is diagnosed of a critical illness, the sum assured is paid to the policyholder.

26. Our Products Savings Plan – Benefits & Advantages
Double Accident: Where an accident leads to death, twice the sum assured will be paid to the policy holder’s beneficiaries.
Maturity Benefit: The total contribution plus accumulated interest at the end of the policy term will be released to the policy holder upon maturity.

27. Our Products Savings Plan – Unique Features Double Accident Cover
Hedge against inflation: To hedge the sum assured against inflation, an optional escalation of up to 15% annually is available. This is subject to an overall limit of up to 50% of the original sum assured over the term of the policy.
Partial withdrawal of Savings: Partial Withdrawal once in a year, up to a limit (25% of savings account balance) is permissible to cater to contingencies
Funeral Expenses: You can choose as an option an additional death cover of 10% or 20% of the original sum assured, subject to a maximum of N 500,000.

28. Our Products Savings Plan - Product Dynamics Entry Age
18 years to 55 years
Maximum Age at Maturity
60 years
Policy Term
Minimum Term: 5 years; Maximum Term: 20 years
Minimum Annual Contribution
N 120,000
Minimum and Maximum Sum Assured
Minimum Sum Assured: N 500,000;
Options to choose from:
a) N 500,000 b) N1,000,000 c) N 2,000,000
Payment Mode
Cheque, Direct Debit, Online and Bank Branch Transfer.
No cash payments allowed.
Payment Plan
Monthly, Quarterly, Half Yearly, Yearly or Single (Lump Sum)

29. Our Products Protection Plan
This plan is designed to provide financial support to the policyholder or his/her dependents in the event of permanent disability or death. The product provides comprehensive cover for Death, Permanent Disability, and Critical Illness
Protection Plan provides lump sum benefits to the dependents of the Life assured.

30. Our Products Protection Plan Types of Protection Plan
There are two variants of this Plan:
Limited Protection Plan (Term): This Plan is for a defined period only. e.g. 5 years, 10 years, 20 years etc. It is a “Pay-As-You-Go” cover and it is considerably cheap because you get nothing back if the protected risks do not crystalize during the ‘term’.
Permanent Protection Plan (Whole life): Though the premium payment is for a defined period, the policyholder continues to enjoy the protection permanently (for a lifetime). The Permanent Protection Benefit Plan can be used as loan collateral. 

31. Our Products Protection Plan – Benefits & Advantages
Death Benefit  Upon death, there is an immediate payment of Sum Assured to beneficiaries.
Permanent Disability: In a event of an incident that leads to a permanent disability, the sum assured will be paid to the Policy holder
Critical illness:  Where the policy holder is diagnosed of a critical illness, the sum assured is paid to the policyholder
Tax: Life Premium is tax deductible, Sum assured is tax exempt

32. Our Products Protection Plan – Product Dynamics Entry Age
Entry Age
Limited Protection Plan (Term) : 18 years to 70 years
Permanent Protection Plan (Whole life):
For Periodical Premium: 18 years to 65 years
For Single Premium: 18 years to 70 years
Maximum Age at Maturity for Limited Protection Plan
70 years
Policy Term
Minimum Term: 1 year
Minimum Annual Contribution
Rate Dependent
Minimum and Maximum Sum Assured
Case Dependent
Payment Mode
Cheque, Direct Debit, Online and Bank Branch Transfer.
No cash payments allowed.
Payment Plan
Monthly, Quarterly, Half Yearly, Yearly and Single (Lump Sum)

33. Our Products Mortgage Plan
The Mortgage Plan is targeted at people requesting for a mortgage facility. It is designed to protect the policyholder or its beneficiaries’ home from foreclosure and repossession in event of death, total permanent disability or critical illness.
The policy provides death benefit to the Mortgagor. The balance or outstanding payment on the mortgage loan will be paid to the Mortgagor to avoid foreclosure. Mortgage Plan is not liable for loan defaults and will pay no benefits as a result of the policyholder’s failure to offset his mortgage loan.

34. Our Products Mortgage Plan – Benefits & Advantages
Death Benefit:   Upon death, the outstanding balance of the mortgage at time of death will be paid to the financial institution (Subject to the policy being assigned to them) & policyholder not defaulting on loan repayment
Permanent Disability (optional): In a event of an incident that leads to a permanent disability, the sum assured will be paid to the Policy holder
Critical illness:  Where the policy holder is diagnosed of a critical illness, the sum assured is paid to the policyholder
Tax: Life Premium is tax deductible, Sum assured is tax exempt

35. Our Products Mortgage Plan – Unique Features
Sum Assured tied to the mortgage facility
Rider Benefits: In the situation that the policyholder can no longer repay the loan as a of Total Permanent Disability/ Critical illness, the outstanding loan payment will be paid. This is an optional benefit and there would be an additional charge for this benefit.
Limited Premium Payment Term: 10 years paid premium can cover the policyholder till the end of the policy term. The Plan expires at the end of the mortgage loan whilst the holder is alive

36. Our Products Mortgage Plan – Product Dynamics Entry Age
21 years to 59 years
Maximum Age at Maturity
70 years
Policy Term
Minimum Term: 1 Year
Maximum Premium Payment Term
10 Years
Minimum Annual Contribution
Rate Dependent
Minimum and Maximum Sum Assured
Case Dependent
Payment Mode
Cheque, Direct Debit, Online and Bank Branch Transfer.
No cash payments allowed.
Payment Plan
Monthly, Quarterly, Half Yearly, Yearly or Single (Lump Sum)

37. Our Products
Retirment Plan (Annuity)
This plan enables a policyholder convert his periodic savings or lump sum from RSA or personal account to a lifetime income at retirement.

38. Our Products Retirement Plan
Retirement Plan is available in two options:
Retirement Income Plan: The retirement plan is designed for retirees, it can be purchased at once after Retirement with a the lump sum given from the “Retirement Savings Account” (RSA). This plan allows the retiree to enjoy regular income from the date of purchase or as specified by the retiree.

39. Our Products Retirement Plan
Retirement Savings Plan: can be purchased before retirement to support the Personal Retirement Savings Account (RSA). This plan is especially designed for individuals in the informal sector who do not have a Retirement Plan. Employees of the formal sector can also take advantage of this plan to support the statutory Retirement Savings. This plan is a contributory scheme that enables the policyholder set a date to commence receiving his regular income.

40. Our Products Retirement Plan – Benefits Retirement Income Plan
Retirement Savings Plan
Income for Life:   The policyholder will receive regular income payments on pre-specified dates for the rest of his life
Surviving Spouse Benefit (Optional Benefit): There’s an extension to spouse where the spouse gets 50% of the policy holders regular income for life after his/her demise and it is opted at inception. This benefit is not applicable for statutory annuity plan.
Surviving Spouse Benefit (Optional Benefit): There’s an extension to spouse where the spouse gets 50% of the policy holders regular income for life after his/her demise and it is opted at inception. This benefit is not applicable for statutory annuity plan.  
Burial Expense Benefit (Optional): At the demise of the policyholder, the policyholder’s beneficiaries will receive twice the annual annuity (annualized). This benefit is applicable only if guaranteed option is chosen.

41. Our Products Retirement Plan -Benefits Retirement Income Plan
Retirement Savings Plan
Burial Expense Benefit [Only for Non-Regulatory Plan- (Optional Benefit)]: At the demise of the policyholder, the policyholder’s beneficiaries will receive twice the annual annuity (annualized). This benefit is applicable only if guaranteed option is chosen.
Death Benefit: The death benefit during deferment (during the accumulation phase) will be the return of all premiums paid, accumulated with interest up to the date of death. Interest is not guaranteed.
Surrender Benefit: Immediate Annuities will attract surrenders only after 2 years of annuity payment and surrender charges will be applicable. This benefit is available only if you choose the Guarantee option.
Upon the death of the policyholder during the annuity pay-out period but before the expiration of the guaranteed period wherever chosen, income will continue to be paid for the unexpired guaranteed period or a lump sum of the equivalent value will be immediately paid.

42. Our Products Retirement Plan -Benefits Retirement Income Plan
Retirement Savings Plan
Death Benefits: On the death of the policyholder before the expiration of the guaranteed period, income will continue to be paid for the unexpired guaranteed period or a lump sum of the equivalent value will be immediately paid.
Surrender Benefit: On surrender during the deferment period, all contributions received from policyholder will be paid along with accumulated interest. Interest is not guaranteed.
Once the annuity is in payment, it will attract surrender only after 2 years of annuity payment and surrender charges will be applicable. This benefit is available only if you choose the Guarantee option.

43. Our Products Retirement Plan – Unique Features Guaranteed Annuity
Hedge against Inflation
Non-Medical
Instant (For Retirement Income Plan only)
Personalisation (For Retirement Savings Plan only): This personal retirement Plan to support the RSA contributions with PFAs or build up funds if you do not have a RSA
Conversion (For Retirement Saving Plan only): The policyholder to convert his/her Retirement Savings Plan to Retirement Income Plan at retirement. Upon conversion, the policyholder begins to enjoy income for life

44. Our Products Retirement Plan – Product Dynamics Retirement Income Plan
Entry Age
50 Years to 70 Years
Policy Term
Whole of  Life
Purchase Consideration
Lump sum at inception
Annuity Payment Plan (to the Policyholder)
Retirement Income Plan:  ARM Life will pay income to the policyholder monthly, quarterly, half yearly, yearly

45. Our Products Retirement Plan – Product Dynamics
Retirement Savings Plan
Entry Age
25 years to 49 years
Policy Term
Minimum term is 1 year
Minimum Annual Contribution (Accumulation Period)
For Periodical Contributions: N600,000 per annum
For Single Lump Sum Contribution : N 2,000,000
Payment Mode
Cheque, Direct Debit, Online, Bank Branch Transfer.
No cash payments are allowed.
Contribution Payment Plan
The policyholder makes contribution to ARM Life monthly, quarterly, half yearly, yearly or single (lump sum)

46. Our Products Memorial Plan
Memorial Plan is designed to remove the burdens associated with the loss of a loved one.
It also comes with optional benefits such as Repatriation, Hearse and Remembrance Benefits.
There are two options to choose from: Limited Protection Plan (Term Assurance) and Permanent Protection Plan (Whole of life option)

47. Our Products Memorial Plan- Benefits
Sum Assured of N250,000, N500,000, N1,000,000 or N2,000,000
Repatriation/Hearse/Remembrance: (applicable only for Sponsor / Policy Holder): Additional Benefit payment of 30% of original sum assured for the selected optional benefit.
Lifetime Cover: Provide the policyholder and chosen additional lives with a lifetime cover whilst you stop paying premiums at the end of the defined term. Premium payment ceases at age 70 years.
Term Cover: Provides cover for the policyholder’s chosen additional to the end of the term of the policy even if the policyholder is no longer alive, if all premiums are fully paid till the date of such occurrence. If a sum assured escalation option was applied to the policy, it will cease when the waiver takes effect.

48. Our Products Memorial Plan – Benefits Living Benefit Booster
Waiver of Premium
 Hedge against Inflation

49. Our Products Memorial Plan – Product Dynamics Cover Options
Single Cover or Family Cover
Entry Age
 18 years to 55 years for Sponsor and Spouse
 Maximum age at entry for Parents and Parents of Spouse 70  years
Policy Term
 Minimum Term: 5 years
Minimum Sum Assured
 N 250,000
Sum Assured Options for Single life/ Sponsor (Policy Holder)
The base sum assured is fixed at one of four (4) levels, which the policyholder can choose from: N250,000; N500,000; N1,000,000; N2,000,000.
Sum Assured Options for Spouse and Parents / Parents –in -Law
Spouse : 100% of sum assured of Sponsor
Parents : 50% of sum assured of Sponsor
Minimum Annual Premium
N 10,000
Payment Mode
Cheque, Direct Debit, Online and Bank Branch Transfer.
No cash payments are allowed.
Payment Plan
Monthly, Quarterly, Half Yearly, Yearly and Single Premium
Parents joining after age 55 years will pay single premiums only.

50. Thank you
ARM © 2013

51. Realising Ambitions..