PPVA is a Flexible Tax Deferral Vehicle

Ideal for Global Investors

• No Bermuda level taxes on any investment
• Carry little or no death benefit depending on needs of client
• Provide flexible annuitization options
• Can be owned by Trust as part of comprehensive estate plan

For US compliant policies

• Provides tax deferral on investment income
• Flexible annuitization options can reduce ordinary income tax rates on withdrawals

PPVA Allows for Broad Array of Investment Managers

• Global Policies (non-US compliant) are very flexible
• US compliant policies are subject to investor control

PPVA Allows for Broad Selection of Investment Strategy

• Global securities offerings and currencies available
• Hedge funds holding less liquid assets such as private placement or real estate acceptable
• US compliant policies are subject to diversification limits

PPVA is completely transparent

• Fully disclosed policy costs
• No internal sales loads
• Negotiable external sales fees
• No surrender charges or other insurance company penalties
• Low insurance company expense and administration charge
• Typically, no insurance charges apply unless client selects an optional death benefit coverage

Separate Account Protection for Assets

• Secure, legally segregated accounts established under special act of the Bermuda legislature
• Only available to meet obligations of policy
• Cannot be charged with liabilities from Acadia Life’s general business

Disclaimer: This is only a summary of the product features and costs. A full explanation of costs, fees and charges and other product features including risks of investing is only available in a private placement memorandum to select qualified investors.