Brexit

THE COMPLETION OF BREXIT: OUR APPROACH AND WHAT IT MEANS FOR OUR UK BASED CUSTOMERS

Brexit has completed with the United Kingdom (the “UK”) ending the transition period with a Brexit deal as at 23.00 on 31 December 2020. Brexit issues concerning Financial Services were not covered in any detail in the Brexit deal. In anticipation of this Monument Life Insurance DAC made the necessary arrangements to enter the UK Temporary Permissions Regime to preserve and continue its unrestricted access to the UK ensuring uninterrupted service to UK resident policyholders and beneficiaries.

The Temporary Permissions Regime enables the company to continue to operate and service policies in an identical manner for a period of three years post-Brexit. During this initial three year period post Brexit, Monument Life Insurance DAC will engage with all relevant regulatory authorities and, in due course, may establish a third-country branch in the UK in order to continue to service and support all our UK resident policyholders and beneficiaries beyond the expiry of the UK’s Temporary Permissions Regime.

The company will continue to monitor ongoing regulatory developments to ensure we can continue to service and support all our UK resident policyholders and beneficiaries beyond the expiry of the UK’s Temporary Permissions Regime.

As a result of Brexit and the Company’ entry to the Temporary Permissions Regime, there will be no change to the:

• Terms of your policy
• The manner in which we collect premiums or issue benefit payments
• The contact details for our Customer Service Teams
• Your rights, as a UK Customer, to refer complaints to the Financial Ombudsman Service for investigation.

You do not need to do anything to continue to enjoy the security and benefits of your current policy with the company.