Sage Diamond Whole Life Insurance Plan

Remarks:

1. Policy Owner may make an application for split within the designated period, subject to the prevailing conditions of BOC Life. Upon BOC Life’s approval, certain policy values of the original policy will be transferred to the Split Policy and the Notional Amount of the original policy will be reduced. Apart from the cash value (guaranteed and non-guaranteed) and Notional amount, the Total Premiums Paid and protections will be adjusted accordingly. Any dividend accumulations of the original policy will be split according to the respective new Notional Amounts of the original policy after split and the Split Policy. All terms and conditions of the Split Policy will follow the original policy. Nevertheless, the Accidental ICU Benefit may not be applicable to the Split Policy. The Policy Date and Policy Issue Date of the Split Policy will be the same as the original policy. Time shall not run afresh in respect of the computation of Policy Years, and the operation of Incontestability clause and Suicide clause of the Split Policy. There is no cooling off period for the Split Policy. Please refer to the section of “Policy Split Option” and the relevant remarks for details.

2. During the lifetime of both of the existing and new Insureds and while the policy is in force, you may make an application for change of Insured within 31 days before or after any Policy Anniversary. The New Insured is subject to underwriting rules of BOC Life. The attained Age of the New Insured on the date of the submission of the Application for Change of Insured must be between 15 days and 65 and the attained Age of the New Insured must not exceed the attained Age of the first Insured (i.e. the Insured upon issuance of the policy) for 10 years or more. Various terms of the policy will be revised upon the approval of the application for change of Insured. If the new Insured dies within 2 years from the effective date of change of Insured and the death is not an Accidental Death, the Death Benefit amount payable by BOC Life will be calculated as follows: (i) the higher of: (a) the sum of Guaranteed Cash Value and any Terminal Dividend (non-guaranteed) applicable as at the date of death; or (b) 100% of Total Premiums Paid as at the date of death; plus (ii) dividend accumulations (non-guaranteed) (if any); less (iii) Indebtedness (if any) and outstanding premiums (if any). For details, please refer to the sample of endorsement to be issued after approval of the application. Change of Insured is subject to the prevailing rules and conditions of BOC Life. For more details regarding change of Insured, please contact BOC Life at 2860 0688.

3. While the policy is in force and during the lifetime of the Insured, the Policy Owner may request in writing to have the Death Benefit payable to the Beneficiary(ies) in the occurrence of the death of the Insured in accordance with any one or more payment option(s) and/or payment deferral arrangement(s) offered at BOC Life’s sole discretion (“Settlement Option(s)”) (“‘Prosperity Wealth’ Advance Policy Instruction”). Upon BOC Life’s approval of the death claim, payments calculated by the Determined Portion of Death Benefit shall be paid to the designated Beneficiary(ies) in accordance with the Settlement Option(s) chosen by the Policy Owner which respectively apply(ies) to each of such designated Beneficiary(ies). If the Settlement Option(s) chosen by the Policy Owner include(s) payment deferral arrangement(s), such payments shall be paid to the designated Beneficiary(ies) on or commencing from (as the case may be) the Designated Date of Payment under “Prosperity Wealth” Advance Policy Instruction. For the avoidance of doubt, should the Designated Date of Payment under “Prosperity Wealth” Advance Policy Instruction fall before our approval of the death claim, such payment deferral arrangement(s) shall be deemed to be cancelled, and the payment(s) to each of the designated Beneficiaries shall be released in accordance with the payment option(s) under the Settlement Option(s) chosen by the Policy Owner which respectively apply(ies) to each of such designated Beneficiary(ies) after BOC Life’s approval of the death claim. A non-guaranteed interest rate declared by BOC Life from time to time will be applied to the unpaid Determined Portion of Death Benefit accumulated with BOC Life. The payments amount is therefore not guaranteed.

4. The Plan is a participating policy. Nevertheless, the Annual Dividend (if any) and the annual interest rate for dividend accumulation and the Terminal Dividend (if any) are not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount received may be higher or lower than the estimated amount. BOC Life reserves the right to change them from time to time. If the Policy Owner chooses to withdraw the Annual Dividend (if any) and/or interest accumulated (if any), the Annual Dividend (if any) and/or accumulated interest (if any) withdrawn will no longer be accumulated as part of the total cash value and the total Death Benefit of the policy. The total cash value, surrender value and total Death Benefit of the policy will be reduced accordingly. The Terminal Dividend (if any) may be payable upon the death of the Insured (if applicable) or surrender of the policy. Nevertheless, no Terminal Dividend will be payable if the Death Benefit reaches the upper limit in the event of the death of the Insured. For details, please refer to policy documents and provisions issued by BOC Life. Withdrawal of policy values may involve partial surrender of the policy. If the Policy Owner terminates the policy early or withdraws policy values, the amounts received may be lower than the amount of premium paid. The Policy Owner may sustain a substantial loss.