1. What is the „Euro Global +“?
Euro Global + is a unit-linked life insurance with benefit in case of death and in case of survival, with annual or single premium payment in EUR currency.
The term is minimum 15 years, maximum 20 years.
The entry age is minimum 18 years, maximum 60 years, age at the end of contract is maximum 75 years.
The minimum premium for annual payment is EUR 1.500, maximum EUR 10.000, the premium range for single premiums starts at EUR 3.000 and goes up to EUR 100.000 maximum.
In case of annual premium payment the client can decide whether he pays the first premium only or immediately two annual premiums (or additional amounts following the regulations of Pay Account).
In case of payment of two annual premiums right at the beginning, the two annual premiums will be debited and the corresponding fund units will be bought. 
This rate can be concluded in EUR only.

2. What is the special feature of this rate?
Rate Euro Global + is available with or without security option.
At the beginning of the contract the client decides whether he wants to include the security option or not.
The client profits from the fund's performance. All income is reinvested within the fund. Withdrawal/payout of these distributions is not possible.
The asset management company guarantees the payment of the units of the fund units due at the time.

3. What is the security option?
Without security option all invested premium during the whole term of contract will be invested into Fund Apollo Styrian Global (or equivalent fund).
The security option provides a combination of high yield at the earlier phase of contract with increasing security as the contract comes closer to expiry date.
The security option makes sure that the invested premium in the first half of contract term will be invested into the share-based fund Apollo Styrian Global and afterwards into the bond-based Apollo 2 Global Bond (cf. also table as below).
If the security option is included, the asset management company additionally provides an active expiry management during the last six years of the contract.

4. What is the proper date to decide about inclusion of security option?
The inclusion of security option is possible ONLY at start of contract.
A later inclusion or exclusion is NOT possible.

5. How are the available funds characterized?
Apollo Styrian Global is an equity-based fund with high performance potential and higher possible volatility of share prices. The fund represents an attractive investment opportunity that focuses on first-class shares of the world's leading listed companies. Investors benefit indirectly from global economic development by holding shares in the most important companies in developed countries in the fund. The portfolio ensures a broad spread of risk through deliberate and comprehensive diversification. The carefully selected equities are based on established major companies on international stock markets.
Apollo 2 Global Bond is a bond-based fund with the ideal combination of the highest possible performance and the lowest possible risk. The fund invests in bonds with good to very good credit ratings (average AA) from hard currency countries. The currency risk is hedged. The average term and thus, the market risk is in the medium maturity segment of 6 to 7 years. The fund's investment strategy is based on the Fixed Income Strategy (FIXIS) methodology developed by Security KAG's bond management team.
This strategy ensures an investment with the best possible risk/return ratio. This objective is achieved using a computer-aided investment process that takes into account the shape of the spread and yield curves. This strategy is currently being applied in a more advanced form. Here, the yield curve is considered specifically for the issuer of the bond, thus incorporating an even more detailed risk profile. As a bond fund with good credit ratings, the Apollo 2 Global Bond is a comparatively low-risk investment that is very well suited as a hedging instrument towards the end of the term of investment plans.
Regarding those funds it is possible that in favour of the client similar other funds are used for investment. For the sake of convenience, they are called Apollo Styrian Global Equity  and Apollo 2 Global Bond within this information.

6. What if there is NO security option included?
If NO security option is included all investment premiums are used to buy Apollo Styrian Global units only and there is NO expiry management with shifting of fund units.
The investment premium of contract is 1:1 linked to the market price development of Apollo Styrian Global until the end of contract, therefore the interest rate shall be considerably higher than with security option.

7.How is the procedure of buying fund units if security option is included?

If security option is included the buying of units is made according to scheme as below:

Explanation: If total term of contract is 15 years: the new investment premiums in first 7 years of the 15 years are used to invest into Apollo Styrian Global Equity , the following 8 years until end of contract the new investment premiums go to Apollo 2 Global Bond .
In the case of a single premium payment, the entire premium is invested in Apollo Styrian Global Equity  at the beginning of the contract, therefore phase 2 of buying units as stated in table above does not apply (regardless of whether the contract was concluded with or without a security option).

8. What does active expiry management mean?
If security option is included, the asset management company provides an active expiry management during last six years of contract.
The fraction of shares will be permanently reduced and shifted in favour of a higher fraction of bonds.
As a result, possible market price fluctuations of share fraction during last contract years are absorbed and diminished in an optimal way.

If one assumes a rest term of 4 years: the asset management company cares for the reduction of share quota to a minimum of 34% and a maximum of 46% of all contractual invested assets, depending on the development on the financial markets and whether it is in favour of the client.
At the end of term the share quota is therefore between 8% and 12%.
In case of single premium contract with security option:
The total invested premium shall be used to buy units for Apollo Styrian Global at start of the contract, the last 6 contract years are subject to active expiry management as stated above.

9. What is the advantage of security option?
The value of the contract during the last 6 contract years is protected from share market price fluctuations through active expiry management.
The combination of high yield savings accumulation period and a security-oriented expiry phase is an optimal investment strategy.

10. What about insurance coverage?
Expiry value (annual and single payment): When the contract expires the amount of the whole fund (all available assets) is paid to the policy holder. This amounts to the unit price at the end of contract multiplied by the number of units in the portfolio. 
Payment in case of death (annual premium): In case of death of the insured person during the policy’s term there is a minimum guaranteed sum which will be paid.
This “sum insured in case of death” is 5% of the total premium sum (=annual premium multiplied with term) agreed upon at the beginning of contract. That is the “Minimum death benefit” as printed on the policy. That is the amount the beneficiary will get in any case, irrespective of the current value of the fund. Based on the value of the fund at that time there are two scenarios:
In case the value of the fund is below the sum insured, the entire insured sum in case of death will be paid. 
In all other cases, which is when the fund’s value exceeds the insured sum, all available assets PLUS 10 % of the sum insured in case of death are paid.
Payment in case of death (single premium payment): If the insured person dies during the policy term, and at this time the value of the fund falls below the sum insured in the case of death, the entire amount insured in the case of death, that is 100 % of the paid premium, will be returned. If the value of the fund at the time the insured event occurs, exceeds the amount insured, the presently available assets plus 5 % of the death benefit are payable.

11. What about Pay Account?
Pay Account is available for this rate with the same options as for all other contracts with annual premium payment (cf. Infosheet „Pay Account“).

12. Is it allowed to take a policy loan?
Due to calculation of this product and the investment in fund units, there is no option for policy loan.

13. Is it possible to withdraw part of the money before the end of the contract period for this tariff?
Partial surrender of a unit-linked insurance contract is possible under the following conditions:
Partial surrender is possible after 2 paid contract years at the earliest;
The minimum payout amount is EUR 1000;
The deposit value remaining in the contract must be at least EUR 1000;
A maximum of 3 partial surrenders can be carried out during the term of the contract;
The signed application must be received by Medlife at least 42 days before a payment date (first day of the month);
Please also refer to the detailed information sheet on “Partial surrender unit-linked products” at www.medlife.net / Downloads/ Features

14.What does this partial surrender cost?
In case of partial surrender, the surrender value corresponds to 95% of the withdrawal amount. 
Example: if the partial surrender is EUR 1000 (=95%), the equivalent value of EUR 1052.63 (=100%) is withdrawn from the contract.

15. What happens to the contract after partial surrender?
The contract continues until the expiration date, less the units withdrawn.
You can view the value of your contract in the customer portal: 
portal.medlife.net

 16. Examples for calculation - Euro Global +

Annual premium

Single Premium

   * There shall be no surrender value for the policy before the end of the second contract year. The projected surrender values are calculated without any charges; only the amount of the premium which is invested in a linked fund is considered. The risks of investing in funds are depending on the pre-specified investment policy and the general market development. A loss cannot be excluded. Despite a redemption possible at any-time investment funds are investment products, which are economical meaningful typically only after holding the investment for a longer period. Experience has shown that a long term of insurance helps to minimize the risk of fluctuations in the return of an investment fund. In the case of premature termination of the contract the policyholder is obliged to pay a fee of 20 per cent of the annual premium in case of rate Euro Global +  and 20 per cent of single premium in case of rate Euro Global + Single premium, but not less than 30,00 EUR and not more than 3.000,00 EUR.

** The Security Option is not reflected in the performance table.

V: 1.1.2025