The Isle of Man Providing security and protection Money Laundering - new requirements for you and your financial adviser You should be aware that governments around the world are acting jointly to restrict the financial activities of terrorist groups. These requirements have been driven largely by international initiatives, including recommendations made by the Financial Action Task Force (FATF). The government of the Isle of Man has helped these efforts and as a result has tightened its anti-money laundering (AML) regulations. The Isle of Man Government Insurance and Pensions Authority has introduced the anti-money laundering standards for insurance business to help combat unlawful investments. These apply to all Isle of Man insurance companies. We believe that this is an important step in preventing money launderers using the financial systems on the Isle of Man. As a result we have introduced more robust checks for accepting all applications. These checks involve us having to verify policy owners’ identity, their residential address and the origin and source of their wealth, in a prescribed way. (The information requested may vary according to the amount and origin of the investment and your country of residence). Where we are unable to verify your identity, by law, we are unable to provide, or continue to provide, products or services. Every Isle of Man insurance company will, by law, have to have these checks in place. What it means for you? These changes mean you will need to supply your financial adviser with documentary evidence. This may seem onerous, but these requirements are regulatory and your financial adviser is obliged to send us this information for new business and additional applications (only if your original application was submitted prior to 1 April 2003). In turn, this will protect Zurich International Life as a financial services provider and you as the client. The additional information that may be requested will be used solely by us in accordance with the Isle of Man Data Protection Act. Protection The Isle of Man is a self governing British Crown dependency situated in the Irish Sea between Ireland and England. Tynwald, the Manx Parliament, is older than the House of Commons (UK Parliament) and is the world’s longest running democracy at over 1,000 years. As a self-governing Crown dependency, the Isle of Man enacts its own legislation, which receives Royal Assent. As the United Kingdom has sovereignty over the Island, it is responsible for the Island’s ultimate good government and the insurance legislation is based upon that of the United Kingdom. The Isle of Man is also the only offshore financial centre providing compensation schemes in all three of the main areas of finance - namely deposits, funds and life policies. Protection for policy owners in the Isle of Man can be summarised as follows: owners of policies issued after 5 April 1988 by Isle of Man insurance companies are protected up to 90% of benefits under a policy are covered with no ceiling potential policy owners where policy documents have not yet been issued are covered the Insurance and Pensions Authority is required to seek out protected policy owners in the event that a company becomes unable to meet its liabilities and find ways of securing continuance of policy owner benefits. Security The Isle of Man has a solid reputation, which is underlined by endorsements issued by three of the world’s most influential policy making bodies (OECD, FATF and FSF). The organisation for Economic Co-operation and Development (OECD) plays a prominent role in fostering good governance in the public service and in corporate activity. For further information visit their website at www.oecd.org. The Financial Action Task Force (FATF) attempts to identify emerging methods and trends used for laundering money. For further information visit their website at www.oecd.org/fatf. The Financial Stability Forum (FSF) is an organisation based in Switzerland, which brings together senior representatives of national financial authorities in order to discuss and implement ways of improving global financial stability. For further information visit their website www.fsforum.org. The Island is the first British Crown dependency to launch an independent Financial Services Ombudsman scheme. Individuals with an unresolved financial complaint against an Isle of Man company after April 1999 can use the scheme. In 2003, Standard & Poor’s and Moody’s have both given the Isle of Man AAA ratings. Standard & Poor’s, a division of the Mcgraw-Hill Companies provides independent financial information, analytical services and credit ratings to the world’s financial markets. Moody’s Investors Services ratings and analysis track more than USD30 trillion of debt covering approximately 136,000 corporate and government securities and 67,000 public finance obligations. Investment involves risk. The past performance figures shown are not indicative of future performance. Please refer to the principal brochure.