LifePlan is a whole of life insurance product that offers life insurance coverage up to $7.5 million, with an option to add additional term life insurance. It allows payment of premiums either over the insured's lifetime or over a limited payment term. The product provides access to a range of investment funds and offers benefits like accidental death coverage and a guaranteed insurability option. Commission rates for financial advisers range from 5% of lump sums to 90% of the first year's annual premiums for regular payments.

1. FOR FINANCIAL ADVISERS ONLY
LIFEPLAN

2. 2 LIFEPLAN
AGENDA
• What is LifePlan
• Why choose LifePlan
• The basics
• Life assured options
• Limited payment term
• Funding the plan
• Allocation of payments
• Benefits
• Charges
• Fund range
• Remuneration
• Sales messages

3. 3 LIFEPLAN
WHAT IS
LIFEPLAN?
LifePlan is a whole of life
protection product with an
option to include additional
term life cover
• whole of life cover up to
USD 7,500,000
• additional term cover from
USD 45,000
• Provides access to a
range of quality funds,
performing within specified
volatility limits
• Used to protect a client’s
family, a mortgage liability,
estate/death taxes or even
as key man cover in a
business scenario

4. 4 LIFEPLAN
WHY CHOOSE
LIFEPLAN?
• Single life, joint life first
death and joint life both
death options available
• Limited payment term
means your client can
fund their whole of life
plan over a specified
period
• Guaranteed insurability
option, offering flexibility
for the future
• Payment by credit card –
not subject to any
additional fees unless
AMEX1
• Fund range2 has no mirror
funds, no initial charges
and no ongoing switching,
dealing or custodian fees
1 Payments made by AMEX will be
subject to an additional 1% charge of
amount paid
2 Ongoing annual management charges
reflected in fund manager unit prices.

5. 5 LIFEPLAN
LIFEPLAN
THE BASICS
• Can be owned by one or
two individuals over 18
years of age, corporate
entities, individual trustees
and corporate trustees
• Individuals cannot be
older than age 74
• Free switching between
funds
• Can be denominated in one
of 3 different currencies
• GBP, USD and EUR
• Whole of life cover up to
USD 7,500,000
• Term life cover available,
expiring at age 80

6. 6 LIFEPLAN
LIFE ASSURED
OPTIONS
SINGLE LIFE
• plan comes to an end on
the death of the life assured
JOINT LIFE
FIRST DEATH
• plan comes to an end when
the first death of a life
assured occurs
JOINT LIFE
BOTH DEATH
• plan pays out in part on
the death of the first life
assured, but does not
come to an end until the
death of the second life
assured
• cover maximums apply
separately to each life
assured

7. 7 LIFEPLAN
LIMITED
PAYMENT TERM
• Whole of life benefits don’t
have to be paid for over
the life of the plan, instead
they can be paid for over a
specific term
• even if there is no term
related cover
• Potentially suits cash rich
clients that want to fund
their plan whilst in
employment, and have it
fully funded by the time
they reach retirement, with
no further payments
needed

8. 8 LIFEPLAN
Currency
Regular payments - Minimums
Lump sum
Monthly Quarterly Half yearly Yearly
GBP 150 450 900 1,800 5,000
EUR/USD 200 600 1,200 2,400 6,000
FUNDING
LIFEPLAN
• Regular payments start
from USD 200 per month
• additional lump sum
payments from
USD 6,000
• Regular payments can be
increased or decreased* at
each plan anniversary
subject to benefit
sustainability and minimums
• Payment holidays can be
taken after the first 2 years
as long as the value is
greater than twice the
annual payments
• Payment holidays can last
for up to 2 years
* Due to the 2 year establishment
period, decreases will be unlikely
during the first few years

9. 9 LIFEPLAN
ALLOCATION OF
PAYMENTS
ESTABLISHMENT
PERIOD
• The cost of setting up a
plan is paid for during the
first 2 years
• This is called the
establishment period
• During this period we do
not buy any units in the
funds selected
YEARS 3 TO 10
• From years 3 to 10
inclusive, 94% of each
payment made will be
used to purchase units
YEARS 11 +
• From year 11 onwards, the
rate at which we purchase
units will increase to 98%
ADDITIONAL LUMP
SUM PAYMENTS
• Each lump sum is
allocated at 93%

10. 10 LIFEPLAN
BENEFITS
PRIMARY LIFE COVER
• Up to USD 7,500,000*
available
• an amount of primary life
cover is mandatory
• Term life cover cannot be
provided without primary
life cover
• A minimum of USD 45,000
cover must be chosen
• The maximum level of
primary life cover will be
reduced by the chosen
level of term life cover
* A lower maximum may be specific
to certain countries

11. 11 LIFEPLAN
BENEFITS
TERM LIFE COVER
• Up to USD 7,455,000* available
• subject to selected primary life cover
• Minimum cover available is USD 45,000
• Term can last for between 5 and 61
years
• Term cover will expire when life assured
reaches age 80
* A lower maximum may be specific to certain
countries

12. 12 LIFEPLAN
BENEFITS
ACCIDENTAL DEATH BENEFIT
• Doubles the amount of cover up to a
maximum of USD 500,000
• Applies to both primary and term life
cover
• Pays out should the life assured die as
the result of an accident up to 90 days
after the accident happened, due to the
injuries sustained
• Expires once the life assured reaches
age 65
• This is an optional benefit which can be
included if required

13. 13 LIFEPLAN
BENEFITS
TEMPORARY ACCIDENTAL
DEATH BENEFIT
• If a life assured dies in an accident
before we are able to issue the plan
documents, but after a fully completed
application and valid payment method is
received, we will pay out a lump sum of
up to USD 75,000
• Maximum age at inception to qualify is
age 59
• This benefit is free of charge and
included automatically

14. 14 LIFEPLAN
BENEFITS
GUARANTEED
INSURABILITY OPTION
• This is an automatic
benefit included within the
plan
• If your client’s
circumstances change in
the future, examples
• marriage
• birth of a child
• They will be able to
automatically increase
their primary life cover by
up to
• USD 37,500 for each of
two children
• USD 75,000 on marriage
• All without the need for
further underwriting,
assuming life assured
accepted on standard
terms
• Eligibility expires at age 55

15. 15 LIFEPLAN
BENEFITS
TERMINAL ILLNESS
BENEFIT
• If the life assured is
diagnosed with a condition
that will lead to death
within 12 months, the plan
will pay out the full life
cover applicable
REPATRIATION
BENEFIT
• If a life assured dies
outside of their home
country of residence we
will pay out a portion of
their life cover up to
USD 7,500 to assist with
any costs

16. 16 LIFEPLAN
CHARGES
ADMINISTRATION CHARGE
• 0.25% per year deducted
quarterly based on the plan
value
SERVICING CHARGE
• USD 7.50 is deducted each
month, increasing each year in
line with the Isle of Man Retail
Price Index
BENEFIT CHARGES
• Benefits are paid for through
unit cancellation each month in
advance

17. 17 LIFEPLAN
FUND
RANGE
• Offers access to over 80
funds (150+ with currency
variants)
• Covering 19 sectors
• Choice of 5 different fund
currencies to help limit
currency exposure including:
• 50+ USD funds
• 45+ EUR funds
• 40+ GBP funds
• No mirror funds
• No initial fund charges*
• No switching, dealing or
custodian fees
• Invest in a maximum of 5
funds at any time
• Online switching available
for investment advisers or
plan owners
* Ongoing annual management
charges reflected in fund
manager unit prices

18. 18 LIFEPLAN
SOME OF THE
MANAGERS

19. 19 LIFEPLAN
REMUNERATION
INITIAL COMMISSION –
REGULAR PAYMENTS
• 90% of 1 years annualised
payments
• override and indemnity
terms potentially available
• sacrifice also available
RENEWAL
COMMISSION
• 4% of each payment
between years 2 to 10
• ceases after year 10
• sacrifice available
INITIAL COMMISSION –
LUMP SUMS
• 5% of each lump sum

20. 20 LIFEPLAN
KEY SALES
MESSAGES
For international expatriates, and local
nationals that need:
• life cover for themselves to protect their
family in the future
• term cover against a mortgage liability
• life cover for a key man within their
business
• cover a potential IHT liability

21. 21 LIFEPLAN
QUESTIONS

22. 22 LIFEPLAN
IMPORTANT
NOTES
For financial advisers only. Not to be distributed to, nor relied on by, retail clients.
This presentation should not be relied upon in isolation, please consult our LifePlan product literature including the Product Guide, Key Information
Document, Protection Fund Guide, and Terms and Conditions before advising clients.
The information contained in this presentation is not intended to be relied upon as legal and/or tax advice. The impact of tax legislation depends
on individual circumstances and can alter in the future. We will accept no responsibility for any actions taken or not taken on the basis of the
information contained in this presentation.
Whilst any examples or cases studies highlighted may offer an opportunity for planning, they are not intended to provide an exhaustive analysis of
all the opportunities or pitfalls.
Owners of policies issued by RL360 Insurance Company Limited receive the protection of the Isle of Man Compensation of Policyholders
protection scheme, which covers an amount equal to 90% (subject to the provisions of the scheme) of RL360's liability where it is unable to meet
its financial obligations. RL360 reserves the right to adjust the returns to cater for any levy or charge made on it under the regulations or similar
legislation.
Issued by RL360 Insurance Company Limited. Registered Office: International House, Cooil Road, Douglas, Isle of Man, IM2 2SP, British Isles.
Registered in the Isle of Man number 053002C. RL360 Insurance Company Limited is authorised by the Isle of Man Financial Services Authority.
PRES033 January 2019