Terms used in this Policy

The following describe your rights and obligations under this Policy.

We, us, our and the Company mean Insurance by Tryllian Company.

You and your means the Policy Owner named in the Policy Schedule.

Administrative rules means the rules and procedures we establish to facilitate the administration of this Policy. We may amend our administrative rules from time to time. Any changes we make to our administrative rules will not alter any guarantee or benefit provided by this Policy.

Attained Age means a Life Insured’s Insurance Age plus the number of years from the Policy Date to the nearest Policy Anniversary. For joint policies, the Attained Age is calculated from the joint Insurance Age to the nearest Policy Anniversary

Beneficiary means the person or entity entitled to receive the Death Benefit when the Designated Life Insured dies.

Class means a grouping of individuals satisfying underwriting criteria related to specified aspects of health, lifestyle, tobacco usage, family history and other personal history. Based on these criteria, a Life Insured can be Classified as either a Smoker or a Non-Smoker, and in either a Preferred or Standard Class. We determine the Class applicable to each Life Insured and use it to establish his or her Premium. It is specified in the Policy Schedule.

Coverage means insurance on the life of a single person or jointly on the lives of several persons, under this Policy or under the terms of a Rider included with this Policy. Additional Coverage means any requested increase to the initial Death Benefit of this Policy that is approved after the Policy is issued.

Coverage Date means the first date Coverage is in force, subject to the terms.

Coverage Option means the option you elected for the payment of the Death Benefit. It is specified in the Policy Schedule. The Coverage Options that may be available under this Policy or any Term Rider are Single Life, Joint First-to-die and Joint Last-to-die

Death Benefit means the amount payable to the Beneficiary when the Designated Life Insured dies. The Death Benefit and insurance plan are specified in the Policy Schedule.

Designated Life Insured under this Policy means the Life Insured on whose death the Death Benefit is payable. Your Coverage Option is specified in the Policy Schedule.

Policy Schedule

This policy schedule has been modified:

Description	Term	Death Benefit	Survival benefit	Age Restriction	Single Premium
1 Million Term Life Insurance Policy	10 Years	Policy Amount	10% (R100,000)	18+	R15,000
	20 Years	Policy Amount	25% (R250,000)	18+	R25,000
	30 Years	Policy Amount	50% (R500,000)	18+	R35,000

Description	Term	Death Benefit	Survival benefit	Age Restriction	Single Premium
5 Million Term Life Insurance Policy	10 Years	Policy Amount	10% (R500,000)	18+80	R55,000
	20 Years	Policy Amount	25% (R1,250,000)	18+80	R125,000
	30 Years	Policy Amount	50% (R5,000,000)	18+80	R250,000

Description	Term	Death Benefit	Survival benefit	Age Restriction	Single Premium
10 Million Term Life Insurance Policy	10 Years	Policy Amount	10% (R1,000,000)	18+80	R150,000
	20 Years	Policy Amount	25% (R2,500,000)	18+80	R250,000
	30 Years	Policy Amount	50% (R5,000,000)	18+80	R500,000

Evidence of insurability means the information we use to determine if a Life Insured is eligible for insurance. It may include medical examinations, doctors’ reports, blood and fluid tests, or any other evidence of the Life Insured’s health, lifestyle, or financial circumstances.

Extra premium means an additional Premium that is payable when a Life Insured is approved for Coverage under a particular Risk Classification. It is specified in the Policy Schedule.

In force means insurance under this Policy is in effect. This Policy must be in force for any benefits or privileges to be provided. This Policy will stay in force until the earliest of the dates listed in provision B.

Insurance Age means the age of a Life Insured at his or her birthday nearest to the Policy Date. If this Policy jointly insures two or more people, the joint Insurance Age will be used in lieu of the Insurance Age.

Joint Insurance Age means the one age that results from combining the Insurance Age, sex and Class of each of the Lives Insured under a Joint First-to-die or Joint Last-to-die insurance plan, as determined by us. It is specified in the Policy Schedule.

Life Insured means a person whose life is insured under this Policy. Every Life Insured is named in the Policy Schedule.

Monthly Processing Day means the same day of the month as the Policy Date.

Policy means the written contract between you and us that describes the insurance coverage on a Life Insured. Unless otherwise stated in writing, this Policy includes insurance coverage under any Rider, amendment, or endorsement that we attach to this document.

Terms used in this Policy

Policy Anniversary means the same day and month as the Policy Date in each subsequent calendar year that this Policy remains in force.

Policy Date means the date from which Policy anniversaries, Policy years, months, and premium due dates are determined. It is specified in the Policy Schedule.

Premium means the amount you pay to us in consideration for the insurance provided under this Policy. It is specified in the Policy Schedule.

Risk Classification means a broad category of criteria we establish in order to determine the insurability of applicants and whether or not an offer of insurance coverage can be made and under what terms Coverage is available. Such terms may include any combination of the following: the payment of an extra premium, a reduction
in the amount of insurance applied for, a restriction in the type of benefits applied for, or a denial of particular benefits pertaining to specific risks.

Written request or written notice means a request or notice signed by you and received by us, in a form that is satisfactory to us. A written request is not effective until we have recorded it at our office. Any Policy change you request is subject to any payments made or other action taken by us before your request was recorded at our office.

A. When this Policy is in force

When your insurance begins

Subject to any change in the insurability of any Life Insured, your insurance under this Policy begins on the Coverage Date. For Coverage included with this Policy when it is issued, the Coverage Date, is the latest of:

• The Policy Date;
• The date your first Premium is received at our office. If your Single Premium is not honoured, this Policy will not take effect;
• The date you receive this contract; and
• The date we receive at our office all amendments, addendums and exclusions required for the Policy to take effect, signed by you.

For each additional Coverage added to the Policy after the initial Coverage Date, the Coverage Date is the Monthly Processing Day on which the new Coverage becomes effective subject to the terms and conditions of this Policy.

When your insurance matures

This is a term policy from age 18-80 that has premiums that increase in value when entering each two-five year band: 25, 30, 35, 40, 45, 50, 55, 60, 65, 70, and 75 (This is an example of premium maturity increases). Tryllian® offer three types of term policies: Term life insurance cover R1 Million (ZAR) and Term life insurance cover R5 Million (ZAR) and Term life insurance cover R10 Million (ZAR). All policyholders policies, will be paid out all survival bonuses and subscribed policy, even when they out-live the policy period.

Tryllian® Guaranteed Life Insurance is issued by ALGHMF Corp, ALGHMF LLP, ALGHSA Company. Death benefit is limited the first 3 years of the policy and is limited to a return of 100% of single premium bonus plus 10.50% rate of return. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any depository institution. Product and features may vary and not be available to all new policyholders.

If this Policy is still in force at the Policy Anniversary nearest the Life Insured’s hundredth (100th) birthday, premium payments will no longer be required and Coverage will continue.

When your insurance ends

Insurance under this Policy ends on the earliest of the following dates:

• The date the Designated Life Insured dies;
• The effective date of your policy anniversary;
• The effective date of your cancellation;
• The end of the ten (10) day grace period, if your Single Premium is still unpaid

TRYLLIAN® DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED.

B. LIMITATIONS OF POLICY

Insurance Policy Rules

Below are the key rules and guidelines for the Insurance by Tryllian policy:

• Suicide: Under the Insurance by Tryllian policy, we will not cover the insured if the event of death was committed through suicide. In such cases, the insured’s beneficiaries will forfeit the policy benefits, and premiums will only be paid out with a 10.50% rate of return.
• Critical Illness: Under the Insurance by Tryllian policy, we will not cover the policyholder if the insured is diagnosed with a critical illness. In these instances, only survival benefits will be paid out to the policyholder.
• Disability Diagnosis: Under the Insurance by Tryllian policy, we will not cover the policyholder if the insured is diagnosed with a disability during the term of the life insurance coverage. Similar to critical illness cases, only survival benefits will be paid out to the policyholder.
• Hazardous Activities: Engaging in hazardous activities without proper disclosure may result in denial of coverage. It’s essential to inform us of any such activities to ensure accurate risk assessment.
• Material Misrepresentation: Providing false or misleading information during the application process can lead to policy cancellation or denial of benefits. Honesty and transparency are paramount.
• Non-Disclosure of Medical History: Failure to disclose relevant medical history can impact coverage eligibility. It’s crucial to disclose all pertinent medical information to avoid complications later on.
• Policy Lapse: Failure to pay premiums on time may result in policy lapse, leading to loss of coverage. It’s essential to keep up with premium payments to maintain continuous protection.
• Exclusions and Limitations: Certain exclusions and limitations may apply to the policy. It’s important to review the policy terms and conditions to understand coverage limitations fully.
• Pre-Existing Conditions: Pre-existing conditions may affect coverage eligibility or result in modified terms. It’s essential to discuss any pre-existing conditions with your insurer to determine the best course of action.
• Policy Renewal: Renewal of the policy may be subject to underwriting criteria and conditions at the time of renewal. It’s advisable to review renewal terms and options before the policy expires.

C. Benefits provided by this Policy

Death Benefit: Comprehensive Coverage and Assurance

At Tryllian, we understand the importance of providing comprehensive protection to our clients and their loved ones. That’s why our Death Benefit policy is designed to offer a sense of security and financial stability during challenging times. In the unfortunate event of the Designated Life Insured’s passing, Tryllian ensures that the designated Beneficiary receives the Death Benefit as specified in the Policy Schedule. This benefit is subject to the terms and provisions outlined in this policy.

Coverage Details:

The Death Benefit provided by Tryllian extends to the first three years of the policy. During this period, the benefit is designed to provide substantial coverage, offering a return of 100% of a single premium bonus along with a competitive rate of return set at 10.50%. This ensures that our clients receive adequate financial support, easing the burden during a difficult period.

Claims Processing:

At Tryllian, we understand the urgency and sensitivity surrounding claims processing during such challenging times. We strive to make the process as seamless and efficient as possible for our clients. Typically, benefits are processed promptly, and payments are disbursed within 30 days, provided that all applicable checks have been accepted. We prioritize transparency and clear communication throughout the claims process, ensuring that our clients are kept informed every step of the way.

Underwriting Partners:

To further strengthen our commitment to providing reliable coverage, Tryllian partners with reputable insurance underwriters to support our Death Benefit policy. Our underwriting partners, ALGHMF Corp, ALGHMF LLP, and ALGHSA, bring extensive experience and expertise to the table, ensuring that our clients receive the highest standards of service and protection.

Peace of Mind:

Tryllian’s Guaranteed Term Life Insurance policy isn’t just about financial protection; it’s about providing peace of mind to our clients and their families. We recognize that the emotional impact of losing a loved one can be overwhelming, which is why we’re dedicated to providing comprehensive support beyond just financial compensation. Our team is here to offer guidance, empathy, and assistance throughout the claims process, ensuring that our clients feel supported and cared for during their time of need.

Continuous Support and Review:

At Tryllian, our commitment to our clients doesn’t end with the issuance of a policy. We believe in providing continuous support and review to ensure that our clients’ needs are met effectively. Our dedicated team is always available to address any questions or concerns that may arise, and we regularly review and update our policies to reflect changing market conditions and regulatory requirements.

Tryllian’s Guaranteed Term Life Insurance policy is a testament to our dedication to providing comprehensive coverage, financial stability, and peace of mind to our valued clients. With transparent terms, efficient claims processing, and the support of reputable underwriting partners, Tryllian stands as a trusted ally during life’s most challenging moments.

Changing Your Death Benefit: Flexibility and Assurance

At Tryllian, we understand that life is full of changes, and your insurance needs may evolve over time. That’s why we offer the flexibility to adjust your Death Benefit according to your changing circumstances. Whether you need to increase your coverage to accommodate new responsibilities or simply reassess your financial protection, our policy allows you to make adjustments with ease and confidence.

Increasing Your Death Benefit: A Seamless Process

You have the option to apply for an increase to your Death Benefit at any time, provided you adhere to our administrative rules and meet certain conditions. Here’s what you need to know:

1. Minimum Increase and Evidence of Insurability: The minimum increase allowed is within the policy range offered, which includes R1,000,000, R5,000,000, and R10,000,000 (depending on the term policy duration of 10, 20, or 30 years). To initiate an increase, you must submit evidence of insurability satisfactory to us for each increment.
2. Additional Coverage and Premium Rates: Each increase results in the addition of a new Coverage with its own Coverage Date. The premium rates for the additional Coverage are determined based on several factors, including:

• The amount of additional Coverage requested
• The prevailing single premium rates for the life insurance plan at the time of the change
• The Attained Age of the Life Insured at the time of the adjustment
• The applicable Class and Risk Classification used in calculating the Single Premiums, determined based on our evaluation of the insurability of each applicant at the time of the increase request.

1. Effective Date and Premium Adjustment: Once your application for an increase is approved, the new Coverage becomes effective on the Monthly Processing Day following the approval date. We adjust your Single Premium accordingly, ensuring that the changes take effect seamlessly and without disruption to your coverage.
2. Validity and Exclusions: The period within which we may contest the validity of the Policy, as well as any exclusions from Coverage for suicide, apply to the additional Coverage from its Coverage Date, in accordance with our policy rules.

Empowering You for Life’s Changes

At Tryllian, we empower our policyholders to take control of their financial security. By offering the flexibility to adjust your Death Benefit as needed, we ensure that your coverage remains aligned with your evolving needs and priorities. Whether you’re starting a family, advancing in your career, or planning for retirement, our policy adapts to support you every step of the way.

Guidance and Support

We understand that navigating insurance options can be complex, which is why our team is here to provide guidance and support throughout the process. Whether you have questions about eligibility, coverage options, or premium adjustments, we’re committed to helping you make informed decisions that provide peace of mind for you and your loved ones.

We believe that insurance should offer more than just financial protection; it should provide confidence and peace of mind for life’s journey. With our flexible Death Benefit policy, you can rest assured that your coverage adapts to your changing needs, empowering you to face the future with confidence and security.

Adjusting Your Death Benefit with Tryllian: Understanding the Process and Conditions

Life circumstances can change, and you may find the need to adjust your insurance coverage accordingly. One such adjustment involves reducing your Death Benefit, and we’ve outlined the process and conditions for doing so below.

Initiating the Request

You have the flexibility to request a reduction in your Death Benefit at any time. However, this request must align with our administrative rules and meet specific conditions to be processed effectively after 36 months. When you’re ready to proceed with the reduction, you can initiate the request with our team.

Conditions for Reduction

To ensure a smooth transition, there are several conditions to consider before proceeding with the reduction:

1. Payment of Single Premiums: Before the reduction can take effect, all Single Premiums must be paid up to the effective date of the reduction. This ensures that your policy remains up-to-date and reflects accurate financial contributions.
2. Effective Date: Once we receive your written request, the reduced Death Benefit will become effective on the Monthly Processing Day following the submission date. Additionally, any necessary adjustments to your Premium will also take effect on that day.
3. Minimum Decrease: The reduction in Death Benefit must adhere to the minimum decrease allowed, which varies depending on factors such as the policy’s term duration (e.g., 10, 20, or 30 years). The specified minimums, typically starting from R5,000,000 or R10,000,000, are outlined in our administrative rules. Furthermore, the remaining Death Benefit after the reduction must not fall below the minimum threshold established by Tryllian.
4. Sequential Reduction: If your policy includes any previously approved additional Coverage, as described in the provision titled “Minimum Increase and Evidence of Insurability,” the reduction in Death Benefit will occur sequentially. In this process, we prioritize reducing the most recently added Coverage before adjusting others, ensuring a systematic approach to the reduction process.

Partnering with ALGHMF

As part of our commitment to providing reliable insurance solutions, Tryllian collaborates with reputable underwriters such as ALGHMF Corp, ALGHMF LLP, and ALGHSA. Their expertise and support play a crucial role in facilitating policy adjustments, including reductions in Death Benefits. By leveraging their resources and industry knowledge, we ensure that your insurance needs are met efficiently and effectively.

We prioritize transparency and flexibility in serving our policyholders. Reducing your Death Benefit is just one of the many ways we accommodate changes in your life circumstances. By understanding the process and conditions outlined above, you can confidently navigate the adjustment process with our dedicated team. Should you have any questions or require further assistance, please don’t hesitate to reach out to us.

Important Note: Benefit Payout Timeline

Kindly note that upon meeting all eligibility criteria and successfully passing verification checks, the Death Benefit typically takes up to 30 days to be disbursed to the designated Beneficiary. This timeframe allows for thorough assessment and ensures accurate processing of the claim.

Death Benefit Payment Policy

Ensuring clarity and fairness, Tryllian presents the terms for the Death Benefit disbursement. Upon the demise of the Designated Life Insured, the Benefit is payable to the Beneficiary, subject to verification and fulfillment of specific conditions:

a) Verification of Policy Status
b) Cause and Circumstances
c) Confirmation of Age
d) Smoking Habits
e) Claimant’s Entitlement

The Death Benefit shall be disbursed to the designated Beneficiary upon the demise of the Designated Life Insured, as specified in the policy agreement. However, the disbursement is contingent upon fulfilling the following conditions:

a) Verification of Policy Status: The Benefit shall only be paid if the Designated Life Insured passed away while the policy was in force. To confirm this, Tryllian reserves the right to request pertinent information from the claimant.

b) Cause and Circumstances: We require satisfactory evidence regarding the cause and circumstances surrounding the demise of the Designated Life Insured. This aids in the assessment of the claim’s validity and ensures adherence to our policy terms.

c) Confirmation of Age: It is imperative to establish the age of the Designated Life Insured at the time of their passing. Accurate age verification is essential for the proper evaluation and processing of the claim.

d) Smoking Habits: Disclosure of the smoking habit of the Designated Life Insured at the Coverage Date is mandatory. This information influences the terms of the policy and may impact the Benefit payout.

e) Claimant’s Entitlement: Lastly, Tryllian shall ascertain the legitimacy of the claimant’s right to receive the Benefit. This verification process safeguards against fraudulent claims and ensures that rightful beneficiaries receive due compensation.

By adhering to these stipulations, Tryllian endeavors to uphold the trust and confidence of our policyholders. The transparent and equitable administration of the Death Benefit payment process reflects our unwavering dedication to providing comprehensive insurance solutions. For further inquiries or assistance regarding this policy, please do not hesitate to contact our customer service team.

Policy on Non-Payment of Death Benefit

In the solemn agreement between you, hereafter referred to as the Policyholder, and Tryllian, herein designated as the Company, it is imperative to delineate the conditions under which the Death Benefit shall not be disbursed. The Death Benefit, as outlined within the terms of this policy, shall remain unpaid under the following circumstances:

1. Suicide by the Life Insured:
Should any Life Insured, whether in a state of lucidity or insanity, perpetrate an act of self-inflicted demise during the Coverage Period or subsequent reinstatement dates, the Company shall not be liable to provide the Death Benefit. In such a regrettable event, the Company shall duly reimburse the Policyholder with the Premiums tendered for this Policy. The reimbursement shall encompass the entirety of Premiums paid, calculated from the later of the Coverage Date or the date of the last reinstatement, devoid of any interest.

2. Declaration of Policy Voidance:
The obligation to pay the Death Benefit shall be nullified if, upon due examination, this Policy is rendered void due to a material omission, misrepresentation, or fraud on the part of the Policyholder or any involved party. In such a circumstance, the Company shall be absolved of any responsibility to provide the Death Benefit as stipulated within the terms of this agreement.

It is incumbent upon the Policyholder to fully comprehend and adhere to these stipulations governing the non-payment of the Death Benefit. The aforementioned conditions are integral components of this agreement and serve as irrevocable determinants in the event of a claim for the Death Benefit. The Policyholder hereby acknowledges and accepts these terms as binding and non-negotiable.

By acknowledging these conditions, the Policyholder affirms their understanding that the Company’s obligation to pay the Death Benefit is contingent upon the adherence to the terms outlined herein. Any deviation from these terms shall absolve the Company from its obligation to fulfill the Death Benefit.

This policy statement serves as a foundational document, providing transparency and clarity regarding the circumstances under which the Death Benefit shall remain unpaid. The Company reserves the right to enforce these terms with due diligence and impartiality.

Your understanding and compliance with these conditions are greatly appreciated.

This policy statement is effective immediately upon acceptance by the Policyholder and shall remain in force throughout the duration of this agreement between the Policyholder and Tryllian.

D. Paying Your Premiums

As a valued policyholder of Tryllian Life Insurance, it is imperative to adhere to the outlined guidelines concerning the payment of premiums to ensure the continuity and effectiveness of your policy. Herein, we delineate the terms and conditions governing the payment of premiums, including due dates, grace periods, and procedures for reinstatement.

When Your Premiums Must Be Paid

The initiation of your policy, signified by the Policy Date, necessitates the payment of the Single Premium. Failure to remit the Single Premium in a timely manner, or if the payment is not duly honored, renders the policy ineffectual.

Subsequent premium due dates are contingent upon the payment frequency specified in your application. Each Single Premium installment must be remitted on or before its due date, as specified in the Policy Schedule provided to you.

Grace Period for Paying Your Single Premiums

In the event of non-payment of Single Premium by its due date, the policy enters a state of default. However, a grace period of ten (10) days is extended beyond the premium due date to facilitate payment of the Single Premium. Should the premium remain outstanding at the culmination of the grace period, automatic termination of the policy ensues.

Reinstating Your Policy After Termination Due to Non-Payment

Should the policy be terminated due to non-payment of premiums, reinstatement is feasible subject to the following conditions:

1. A written request for reinstatement must be submitted to our office within two (2) days subsequent to the expiration of the grace period.
2. Each Life Insured, aged eighteen (18) or above on the reinstatement date, must endorse the written request for reinstatement.
3. All Life Insured individuals must remain insurable per our standards, necessitating the submission of evidence of insurability along with a R5,500 service fee, subject to change at our discretion.
4. The unpaid Single Premium from the due date to the reinstatement date, inclusive of interest at a rate determined by us, must be settled. Furthermore, adjustments to the Class and Risk Classification of each Life Insured may be made to ascertain future Premiums.

Changing the Class Applicable to the Life Insured

You retain the prerogative to request a change in the Class designation of any Life Insured subsequent to the policy’s commencement. This may include a transition to a Non-Smoker, Preferred, or Optimum Class, subject to certain conditions:

1. Non-Smoker premium rates must be available at the time of the request.
2. Satisfactory evidence regarding the smoking habit of the Life Insured must be furnished, including our current Non-Smoking Declaration, with adherence to our Non-Smoker definition.
3. Submission of a completed non-medical declaration of health for the Life Insured, alongside any requested medical evidence, is mandatory for approval.
4. We reserve the right to levy a fee for underwriting expenses, the amount of which will be communicated prior to processing your request.

By availing yourself of our services and products, you implicitly agree to abide by the aforementioned terms and conditions governing premium payments and policy amendments. Your continued patronage is valued, and we remain committed to providing comprehensive coverage and support as outlined in this policy agreement.

Premium Payments and Policy Administration

In our commitment to transparency and clarity, we aim to provide you with a thorough understanding of our policies and procedures. Please take note of the following information regarding premium payments and policy administration:

Payment Collection Process:
Premiums for Tryllian Life Insurance policies are not collected by Tryllian directly. Instead, our underwriter, ALGHMF, ALGH LLP, ALGH SA, manages the collection process on our behalf. This ensures efficiency and accuracy in premium management.

Reason for Payment Collection by Underwriter:
Tryllian does not handle premium collections to streamline operations and ensure optimal service delivery. ALGHMF, ALGH LLP, ALGH SA manages policy administration and premium collection, allowing Tryllian to focus on providing comprehensive insurance products.

Role of ALGHMF, ALGH LLP, ALGHSA:
ALGHMF, ALGH LLP, ALGHSA is responsible for managing policies for Tryllian’s clients globally. They possess extensive experience in the insurance industry and are committed to administering policies with meticulous attention to detail.

Referencing Payment Collections:
For transparency and accountability, referencing payment collections is essential. Each policyholder’s reference includes their initials and government identification number. This ensures accurate record-keeping and facilitates efficient communication.

Pooling of Policies and Capital Growth:
Premiums collected from Tryllian policyholders are pooled to facilitate capital growth in ALGH multi-fund. This investment strategy aims to maximize returns and ensure long-term financial stability for policyholders.

Global Reach and Responsibility:
ALGHMF, ALGH LLP, ALGHSA manages policies for individuals and institutions worldwide, with a predominant focus on clients in the United States, the United Kingdom, Europe, and Africa. This global reach underscores our commitment to serving diverse communities with integrity and reliability.

Policy Agreement between Tryllian and ALGHMF Corp, ALGHMF LLP, and ALGHSA

E. Policy Options

E. 1. Your Survivor Privilege

In the unfortunate event of the Designated Life Insured’s passing, Tryllian provides a unique opportunity for the surviving Life Insured to seamlessly transition into a new Policy without the need for further evidence of insurability. However, this privilege is subject to certain conditions outlined below:

1. Request Submission: The surviving Life Insured must submit a written request to Tryllian within ninety (90) days of the Designated Life Insured’s demise. Additionally, the Single Premium for the new Policy must be paid within this stipulated period.
2. Time Limit: The Survivor Privilege must be exercised before the Policy Anniversary nearest to the surviving Life Insured’s eightieth (80th) birthday.

E. 1.1 The New Policy Issued under the Survivor Privilege

Upon exercising the Survivor Privilege, a new Policy will be issued, replacing the existing one. The terms and conditions governing this new Policy are as follows:

1. Insurance Plan: The new Policy will be issued under the same insurance plan as the existing one. In the event that the same plan is unavailable, Tryllian will select a permanent life insurance plan deemed most similar to the original.
2. Policy Commencement: Policy years under the new Policy will be calculated from the Policy Date of the new Policy.
3. Terms and Provisions: All conditions and provisions of the new Policy will come into effect from the Coverage Date of the new Policy.
4. Inherited Conditions: Any evidence of insurability and exclusions present in the existing Policy before the demise of the Designated Life Insured will automatically transfer to the new Policy.
5. Death Benefit: The Death Benefit under the new Policy cannot exceed the Death Benefit of the existing Policy at the time of exercising the Survivor Privilege. Additionally, it is subject to Tryllian’s specified minimum amount for the new insurance plan.

E. 1.2 Premium Calculation for the New Policy under the Survivor Privilege

The premiums for the new Policy under the Survivor Privilege will be calculated based on the following factors:

a) Insurance Amount: The amount of insurance under the new Policy.

b) Attained Age: The Age of the Life Insured at the time of exercising the Survivor Privilege.

c) Premium Rates: The prevailing premium rates applicable to the new insurance plan.

d) Applicable Class: The Class of the Life Insured used in calculating Premiums for the new Policy.

e) Risk Classification: The Risk Classification of the Life Insured used in calculating Premiums for the existing Policy.

The applicable Class of the Life Insured will be determined based on their smoking habit if:
i) The new plan does not offer Preferred Classes;
ii) The applicable Class under the existing Policy is Standard; or
iii) The Survivor Privilege is exercised after the initial ten (10) policy years.

If the new insurance plan offers Preferred Classes and the Survivor Privilege is exercised within the first ten (10) policy years, the premium rate for each Life Insured under the new Policy will be determined based on the Class with the underwriting criteria most akin to the Class applicable under the existing Policy, as determined by Tryllian.

By agreeing to these Policy Options, you acknowledge and accept the terms outlined herein, governing the Survivor Privilege and the issuance of a new Policy under such circumstances.

This Policy Agreement is entered into between Tryllian and ALGHMF Corp, ALGHMF LLP, and ALGHSA, serving as the insurance underwriters for Tryllian’s policies.

Term Life Insurance Policy Agreement

Between:

• Insurance by Tryllian Company (hereinafter referred to as “Tryllian”)
• ALGHMF Corp, ALGHMF LLP, and ALGHSA (hereinafter collectively referred to as the “Underwriters”)

F. Information about this Policy

F. 1. Scope of Agreement
This Policy represents a legally binding contract between you, the Policyholder, and Insurance by Tryllian Company. Governed by the pertinent provincial legislation within the United States of America, this Policy encompasses:
a) The terms outlined herein;
b) Your completed application for insurance;
c) Any approved reinstatement application or option exercise under this Policy; and
d) Any attached exclusions or supplementary documents.

Any provision not explicitly stated within this Policy does not hold Insurance by Tryllian liable, and only officers of Insurance by Tryllian Company possess the authority to modify this Policy. Such modifications require written consent signed by two officers. Failure to enforce any provision does not waive Tryllian’s right to enforce it at a later date. This non-participating Policy holds no cash value, does not yield dividends, except for survival benefits ranging from R100,000 to R5,000,000.

F. 2. Policyholder Rights and Privileges

As the Policy Owner, you possess full rights and privileges granted by this Policy while it remains in effect.

These rights encompass:
a) Adjusting the Death Benefit, as delineated in provision C;
b) Modifying premium payment frequency, as detailed in provision D;
c) Exercising the Survivor Privilege outlined in provision E;
d) Designating the Beneficiary, per provision F.3;
e) Transferring Policy Ownership, per provision F.4; and
f) Cancelling the Policy, as per provision F.5.

In the case of multiple Policy Owners, unanimous agreement is requisite for exercising rights and privileges. Your entitlements may be subject to limitations imposed by this Policy’s terms, pertinent laws, or the rights of assignees or irrevocable Beneficiaries. In the event of the Policy Owner’s demise, unless a contingent Owner is named, the estate assumes ownership. You reserve the right to designate a contingent Owner at any time during the Policy’s tenure by submitting a written request to Insurance by Tryllian.

F. 3. Designation of Beneficiary

The Death Benefit and any outstanding amounts are disbursed to the Beneficiary specified in the Policy Schedule, unless a new Beneficiary is designated. In such cases, payouts are directed to the most recent Beneficiary named in the Change of Beneficiary request. You retain the prerogative to designate a new Beneficiary by submitting a written Change of Beneficiary request to Insurance by Tryllian, provided it’s before the demise of the Designated Life Insured. Consent from any irrevocable Beneficiary is mandatory. Once recorded at Insurance by Tryllian’s office, the change becomes effective as of the request’s signing date. A Change of Beneficiary request only becomes effective upon recording at Insurance by Tryllian’s office. In the absence of a living Beneficiary upon the Designated Life Insured’s demise, and absent contradictory provisions, the Death Benefit is payable to you or your estate.

F. 4. Policy Ownership Transfer

Policy Ownership transfer to another party or entity, termed absolute assignment, is permissible subject to Insurance by Tryllian’s approval and prevailing legislation. Consent from irrevocable Beneficiaries is required if designated. Insurance by Tryllian acknowledges assignments upon receipt of written notification and bears no responsibility for the assignment’s consequences or validity. You may designate a new Owner at any point during the Policy’s tenure by submitting a written request to Insurance by Tryllian. Once approved and recorded, the change becomes effective regardless of the Policy Owner’s or Life Insured’s survival.

F. 5. Policy Cancellation

Policy cancellation is viable upon written request sixty (60) days after the initial thirty-six (36) months, following the accumulation of a 10.50% return on the policy. For policies with a Single Premium, the cancellation’s effective date is the Monthly Processing Day following receipt of the cancellation request, provided the premium was paid by the due date.

F. 6. Contesting Policy Validity

Insurance by Tryllian reserves the right to contest this Policy’s validity or the disbursement of its benefits if you or any Life Insured inaccurately stated, misrepresented, or omitted material facts during the insurance application, medical examinations, or written/electronic statements regarding insurability. Unless fraudulent, Insurance by Tryllian refrains from contesting misrepresentations after the Policy has been in force for ten (10) years during every Life Insured’s lifetime, from the Coverage Date or the last reinstatement date, whichever is later. However, in the event of the Designated Life Insured’s demise within this ten-year period, contestation is admissible at any time. Fraudulent acts, including material misrepresentation of smoking habits, warrant immediate voidance of the Policy, with no refund of premiums paid or any survival benefits.

F. 7. Currency

All amounts payable under this Policy, whether to or by Insurance by Tryllian, are in United States dollars. (Currency conversions are subject to prevailing rates on the collection day from other currencies.)

COMPANY INFORMATION

The term ‘Tryllian®’ encompasses:

– TRYLLIAN CORPORATION
– TRYLLIAN CAPITAL MANAGEMENT SERVICES

Each underwriting company is financially responsible for its own products. Tryllian®’s private insurance products benefit from the expertise of ALGHMF Corp, ALGHMF LLP, and ALGHSA. Other Tryllian® subsidiaries and affiliates have separate Terms & Conditions and Privacy Statements.