This is the Service Provision Proposal of a Personal or Family Endowment Fund offered by Telemno Life Agency on behalf of ICEA GROUP

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Service Provision Proposal of
Family Endowment Fund
By
Telemno Life Agency
Uganda
On behalf of
“YOUR PROFILE OF STABILITY”

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FAMILY ENDOWMENT FUND
1.0 BACKGROUND
Telemno Life Agency (TLA) is a network marketing business that offers agency services in
education and life assurance.
We are glad to offer the following service information to show people how to guarantee their
family’s financial independence by setting up an Endowment Fund that guarantees access to the
family’s financial needs such as children’s education, home living expenses, family house
building, long term business debt protection, mortgage protection, etc without their having to
change their life style or spending additional money.
1.1 THE ENDOWMENTS FUND SOLUTION
TLA proposes to deliver Endowment Fund set up and planning services to families, businesses,
and individuals. The Endowment policy is the appropriate choice for those who want their
families to remain financially independent incase the bread winner will pass on. An endowment
Insurance fund is also a choice for business people desiring their businesses to run with
operational capital even if the key person dies.
It should be considered by every family because the endowment provides the safety that there
will be the possibility to pay for the family life’s necessities after the person insured will no
longer be available to provide the care.
.
 TLA works with ICEA to deliver the service
 The Endowment Fund combines savings and protection and the contributory premiums are
paid monthly, quarterly & annually.
 Endowment Fund ranges from 5.08 million to 203million or even more and depend on
someone’s financial ability, you name the figure for your desired amount in endowment fund
 Monthly savings range from 50,000 shillings to 2million plus
 TLA’s Network marketing business system enables you to build genuine wealth that can
even be much higher than your endowment Fund maturity value.
1.2 Financial Consideration
Life Assured…………….Isabirye Rogers
Policy Term…………….10 Years
Age Next Birthday:…………
Beneficiaries ……………TBA

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SCHEDULE OF PREMIUMS
Monthly
Premium
Annual
Premium
Sum Assured
(Guaranteed Amounts payable
at the event of a risk)
Estimated
Maturity
Value
100,000/= 1,200,000/= 10,158,729.7/= 13,254,838/=
200,000/= 2,400,000/= 20,317,459.4/= 26,509,676/=
300,000/= 3,600,000/= 30,476,189.1/= 39,764,514/=
400,000/= 4,800,000/= 40,634,918.8/= 53,019,352/=
500,000/= 6,000,000/= 50,793,648.5/= 66,274,190/=
600,000/= 7,200,000/= 60,952,378.2/= 79,529,029/=
700,000/= 8,400,000/= 71,111,107.9/= 92,783,867/=
800,000/= 9,600,000/= 81,269,837.6/= 106,038,705/=
900,000/= 10,800,000/= 91,428,567,3/= 119,293,543/=
1,000,000/= 12,000,000/= 101,587,297/= 132,548,381
TBA; To Be Advised
2.0 THE DIFFERENCE
What makes endowments different from other insurance types?
Endowments guarantee that either you or your beneficiaries will receive a sum of money not just
if you live until the policy matures but even if something happens to you that would cause your
earlier death shortly after signing for the endowment fund.
2.1 The General benefits
 It offers a forced saving element that allows the cash value of your benefits to
grow in time with an interest ranging between 5percent and 14 percent
declared every year.
 It can serve as a retirement fund for the self employed or for those looking to
complement their pension schemes.
 It is a better guarantee for loans
 Can easily serve as a replacement of income giving your family a safe source
of money to pay the bills and dues that won’t stop coming in case of pre-
mature death of the bread winner.
 In case you’re a charitable person, you can use the endowment money to do
good for others. You could name as your beneficiary; a school, church, or any
kind of organization, making sure that your money will help others even when
you’re gone.
 Fortunately, as your children grow up and become financially independent,
you will only have to take care of your spouse and yourself after growing old.
You can invest the endowment amount or buy a policy that gives you a
monthly pension for the rest of your life

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2.2 THE POLICY BENEFITS
Cash Benefits
The sum assured and maturity benefits are paid to the policyholder at the maturity anniversary of
the policy if the policyholder is still alive or to their beneficiaries in a two weeks period of earlier
death in the event that the insured risk occur.
Death Benefits
Scope of Cover:
In an event of earlier death before policy term, Sum assured and accumulated bonuses for the
period the policy has been in force are paid to the nominated beneficiaries and this compensation
is done regardless of how long the policy has been in force and its independent of how much
premium the deceased had paid before the occurrence of death as long as the policy was in force
at the occurrence of death.
Maturity Benefits
Scope of Benefit:
The sum assured plus investments returns (Accrued bonuses) are paid at the maturity
anniversary of the policy or when there is permanent total disability, whichever occurs first.
The policy benefits can be substantial for your children’s tuition especially at advanced levels of
education where money required is so much and mostly needed in a lump sum.
NOTE: Bonuses are declared year to year from time to time every after the actuarial
valuation of our life fund and they are allocated to the sum assured at the occurrence of the
risk or at maturity of the policy.
Permanent Disabilities Benefits
Scope of Cover:
Under this benefit, the life assured is entitled for a compensation of a sum of money paid out in
lump sum if he/ she suffer a permanent total disability. For example: If a client gets involved in a
fatal accident with his policy still in force and he is left with a loss of either one arm or one leg
(permanent total disability) this extension pays out a sum of money(Rider sum assured) as agreed
upon at inception for the loss of any such member. However, the compensation is independent of
the original sum assured of the main policy and therefore doesn’t affect it as the main policy
continues to run with the rest of the benefits unabated.

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The Policy Loan
Scope of Benefit:
This financial plan entitles the policyholder to a policy loan from ICEA or any other financial
institution as long as the policy has been in force for three years and hence gained cash value.
The loan is secured at a modest interest rate with minimum formalities.
3.0 Network Marketing and Benefit offers
TLA enables you to leverage Other People’s Time (OPT) & Other People’s Money (OPM) to
build genuine wealth alongside saving money for your dependants in a family endowment fund.
It does this by training and mentoring to position you as an agent who goes out to testify to
others on TLA membership & Endowment Fund purchases. And in so doing you earn a promoter
incentive of 30 percent Direct Commission and 2 percent of their monthly savings /premium as
indirect commission on a multi-level marketing binary level basis of up binary level 15.
This system allows TLA members to use OPT & OPM to save into their Family Endowment
Fund and to build genuine wealth out the network marketing business to elevate their financial
wellbeing to become richer in the process!
I look forward to receiving your instructions to proceed and the appropriate initial premium
deposit for the selected financial plan.
Should you require additional information and / or assistance, please do not hesitate to contact
undersigned any time on mobile 0754 081 003 or Email; Kidaali@aim.com
Yours faithfully,
Kidaali Paul [OPERATIONS MANAGER- Telemno Life Agency, Uganda]
For and on behalf of ICEA (LIFE & PENSIONS)