Life and pension

Kaupthing Life & Pension offers endowment insurance with savings in internal investment funds.

Advantages:

• You can choose from a range of internal investment funds in DKK
• You can elect for professional portfolio management
• There would be no loss of your contributions on your death before maturity of your plan
• The yields are credited to your fund every month
• You can keep track of our yields on our homepage
• You receive a detailed individual statement on an annual basis
• You have the possibility to make full or partial surrender at any time
• No taxation in Luxembourg; of contributions, income or surrender payments

You may choose one or more of the following investment funds or you may authorize Kaupthing Life & Pension to distribute your pension savings between the available internal investment funds. All internal investment funds are quoted in DKK:

• Danish bonds, short-term
• Danish bonds, long-term
• Danish shares
• International shares
• International bonds
• The “Risk-free” investment fund

With respect to the investment policy great importance is placed on security. Kaupthing Bank performs the professional portfolio management, which has historically achieved very good investment yields.

The yields produced by the internal investment funds are added to the policyholder’s own savings funds.

Your personal fund

You will get your own savings fund, and after the end of each calendar year you will receive a statement of your fund showing the development of the savings and your investment.

Maturity

At the agreed maturity time, the value of the fund will be paid out to a designated bank account of your choice.

Life insurance in the event of death

In the event of the insured person’s death the accumulated fund will be paid out, which would be at least as much as the accumulated contributions paid, even if the savings fund had produced a negative yield.

You are Free to Cash in your Savings

Considerable flexibility is attached to the possibility of surrendering your investment. You may surrender your savings wholly or partly after the policy has been in existence for at least 12 months. One surrender a year can be made without any commission. For additional surrenders within the same calendar year, a commission of DKK 1,500 (in 2006) is charged per surrender.

Protection

The internal investment funds and insurance conditions are approved by and are under the supervision of the Commissariat aux Assurances in Luxembourg. The products are subject to Luxembourg jurisdiction, which is regulated to provide the best financial security and consumer protection possible.