Dollar cost averaging program (DCA)

Dollar Cost Averaging is a systematic strategy that moves a fixed amount at regular intervals (monthly or quarterly) into selected Sub-Accounts, enabling your clients to buy more units when prices are low and fewer when they are high, resulting in a lower average cost. The first transfer occurs when we receive the Investment. Clients should consider their ability to continue to invest during periods of low prices. Any fixed rates payable will be paid on a declining balance.

The use of a systematic investment program does not guarantee a profit or protect against loss in declining markets. The value of Sub-Accounts will fluctuate with the market conditions, and when redeemed, may be worth more or less than their original value.

SLB-2847 0520 Exp. 0522