Dear Customer.

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The activities of foreign pension funds in Iceland have been the focus of Icelandic media in recent years

Misery. Open discussion is very valuable to us, at Bayern Life, as it serves customers and keeps

They are enlightened.

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However, the debate has been rather one-sided, focusing on the costs of taking advantage of foreign

pension fund in excess of Icelandic without indicating what it brings to customers — 90% guaranteed

reimbursement of all premiums as well as other costs.

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In view of this need debate, we at Bayern Life would like to point out that the German funds will be according

the law to disclose all expenses unlike the Icelandic pension funds, as well as to remind you of all of them

advantages that come with choosing our services.

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Double Approval and Control — For Your Protection

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All our products, which we offer on the Icelandic market, have been approved by both German and Icelandic

the regulator. They meet all the standards of both countries.

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We place a strong emphasis on trust and transparency.

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The meaning “Made in Germany”stands for quality and is at the same time an important promise to our customers.

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Your Future — Our Motivation

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Our main goal is to secure your savings for the future and at the same time show absolute transparency to all

The costs that come with it. We provide honest, comprehensive and professional advice on all of our products.

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Our customers have access to all information and welcome any questions as well as

suggestions that you may have.

Cost Transparency — Our Promise to You

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All costs of our products are public and published in the so-called basic information sheet, cf.

EU Regulation No. 1286/2014. On this page you can see all the information about the costs, risks and possible

development for the typical length of the contract. In addition, you can find the exact cost in your

personal contract.

Bayern Life - A unique option

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Our solutions are customized and therefore different from other products on the market:

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1. Bayern Life manages each contract separately based on opportunities and risks. A special “Lock-in” clause in your contract protects your savings for the future and guarantees returns with maximum security.
2. Insurance minimum:You benefit from the financial markets, while at the same time being insured for a disbursement of at least 90% of the original contract amount. Thus, it is guaranteed that you will receive a secure payment at the end of the contract period.
3. Investment in Euros:Thus, you enjoy the stability of a strong currency for your savings.
4. SPARKASSEN-FINANZGRUPPE:We are part of Europe's largest financial conglomerate that is over 200 years old and has proven to be a trusted partner for almost 20 years.
5. Proximity to customers:We are an insurance company for both Iceland and Germany. Proximity to customers through our dealers is key.
6. We are not for profitNo dividends are paid to shareholders.
7. Over 200 years of experience: We stand by our customers. Our contracts are an important component of a safe and meaningful life after retirement.

Make an informed decision

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Bayern Life considers transparency, comparison and disclosure the only way to make informed decisions. Its

because we emphasize the comparison between funds and institutions is clear to our clients.

We are here for you

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If you have any questions about your savings or our products, please feel free to get in touch.

Your trust is extremely important to us and we look forward to continuing to provide you with professional and

personal service.

With best regards,

Bayern Life Staff

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