The Intelligent Insurer Nucleus Life AG The Intelligent Insurer Title slide: Nucleus Life AG – January 2012

Overview The current environment Solutions Nucleus Life AG Liechtenstein Content Slide Slide 2

The current environment Title slide: Nucleus Life AG

The current environment Pressure on banking secrecy, client data Trusts, foundations, offshore companies under attack Traditional tax havens under attack EU withholding tax on savings Lack of transparency High charges Content Slide Slide 4

Solutions required Asset Protection Flexible investment and planning solutions Tax optimisation (not avoidance) Efficient and flexible estate planning Compliant solutions Transparency Content Slide Slide 5

Tax Planning Not tax avoidance - simply avoiding paying tax that will not arise if an investment is made using fully legal and compliant structures aimed at optimising tax. Content Slide Slide 6

Solutions Title slide: Nucleus Life AG

Nucleus Insurance Solutions Nucleus Fund Life (DE, AT, CH, BE, IT) Nucleus Portfolio Bond (International) Nucleus Asset Protector (International) Customised solutions Content Slide Slide 8

Nucleus Asset Protector Free choice of assets, custodian and asset manager Wide range of assets incl. non-listed and physical assets such as property and gold (country specific) Tax free accumulation of all income and gains No capital gains tax Choice of custodian bank Choice of asset manager Single premium as low as €250‘000 Content Slide Slide 9

Nucleus Portfolio Bond International solutions Free choice of funds Tax free accumulation of all income and gains No capital gains tax Choice of custodian bank for premiums > €100‘000 Single premium as low as €25‘000 Content Slide Slide 10

Nucleus Fund Life Special fund choice UCIT III funds and ETFs Tax free accumulation of all income and gains No capital gains tax Single premium as low as €10‘000 Content Slide Slide 11

NUCLEUS FUND LIFE NUCLEUS ASSET PROTECTOR NUCLEUS PORTFOLIO BOND 2nd FLOOR NUCLEUS PORTFOLIO BOND 1st FLOOR Content Slide NUCLEUS FUND LIFE GROUND FLOOR Slide 12

NUCLEUS FUND LIFE NUCLEUS ASSET PROTECTOR NUCLEUS PORTFOLIO BOND 2nd FLOOR NUCLEUS PORTFOLIO BOND NUCLEUS PORTFOLIO BOND 1st FLOOR Content Slide NUCLEUS FUND LIFE GROUND FLOOR Slide 13

NUCLEUS FUND LIFE NUCLEUS ASSET PROTECTOR NUCLEUS ASSET PROTECTOR 2nd FLOOR NUCLEUS PORTFOLIO BOND 1st FLOOR Content Slide NUCLEUS FUND LIFE GROUND FLOOR Slide 14

Asset Protector: key advantages Investment Extreme flexibility in choice of investments (real estate, unlisted securities, physical gold, other assets e.g. yacht or an art collection) Inheritance planning The policy (underlying assets) does not fall into the policyholder’s estate in event of death of the (last) insured person Structuring Beneficiaries may be added and/or changed while multiple lives assured ensure continuity Asset Protection 1 Protection in event of insolvency of the policyholder (depends on country) Asset Protection 2 Protection in event of insolvency of life insurer – policyholder assets form a separate estate (regulated by law) Tax optimisation No tax payable within policy – deferment of taxable event (can vary according to domicile of policyholder) Content Slide Slide 15

Asset Protector vs bank account Same as bank: Possible to retain the same custodian bank Possible to retain the same asset manager and investment strategy Better than a bank: No EU withholding tax in Asset Protector No tax on interest and dividends Optimisation / deferment inheritance tax Assets protected in event of insolvency of policyholder Better structuring possibilities (beneficiaries) Content Slide Slide 16

Life Insurance vs Trust Exact same benefits as a Trust, just cheaper and more flexible: Application form (Trust foundation documents) Policy document (Trust Deed / By-Laws) Policyholder nominates the beneficiaries (Board of the Trust) Surrender of policy (liquidation of the Trust) Policy can be pledged as security against a loan (not possible with a Trust) Content Slide Slide 17

Nucleus Insurance Solutions Create your own product – we can help you to: Set up your own fund Create your own bespoke product White labeling possible Content Slide Slide 18

Nucleus Life AG Title slide: Nucleus Life AG

Nucleus Life AG Established in 2004 as niche player Cross-border specialist Compliant products DE, AT, BE, IT, International Languages: English, German, Italian, French, Dutch Shareholders: Nucleus & Associates (Luxembourg) Fork Capital (Belgium) Plenum Holdings (Switzerland) Strong – combined AuM > €1bn Know-how – all active in insurance & distribution Content Slide Slide 20

Liechtenstein Title slide: Nucleus Life AG

Liechtenstein Stable: AAA-credit rating European standards: member of the EEA Cross-border market: freedom to provide services in EU / CH Modern legislation: flexible insurance solutions Strong regulator: European standards Currency: Swiss Franc (CHF) Capital: Vaduz Content Slide Slide 22

Liechtenstein - Security Art 59a of the Liechtenstein Insurance Act states that in event of insolvency of a life insurer, policyholder assets shall form a separate estate in accordance with the Art 45 of the Insolvency Act. In event of insolvency of a life insurer all policyholder assests are therefore fully protected from creditors. Content Slide Slide 23

Contact us Austria, Germany, Switzerland Dr Bruno Geissmann: tel +423 399 10 90 bruno.geissmann@nucleus.li Belgium Jane Verblydt: tel +352 26 89 82 22 jane.verblydt@nucleus.li Italy Simone Lenherr: tel +423 239 96 83 simone.lenherr@nucleus.li International David Swanepoel: tel +423 239 96 86 david.swanepoel@nucleus.li Content Slide Slide 24

Nucleus Life AG Contact Slide Bangarten 10 FL-9490 Vaduz Liechtenstein Tel   +423 399 10 90 Fax  +423 399 10 97 E-Mail info@nucleus.li www.nucleus.li Contact Slide Nucleus Life AG