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                                                                    EXHIBIT 99.3

                           CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    In connection with the Annual Report of Scottish Annuity & Life Holdings,
Ltd. (the "Company") on Form 10-K for the period ending December 31, 2002 as
filed with the Securities and Exchange Commission on the date hereof (the
"Report"), I, Elizabeth A. Murphy, Chief Financial Officer of the Company,
certify, pursuant to 18 U.S.C. Section1350, as adopted pursuant to Section906 of
the Sarbanes-Oxley Act of 2002, that:

    (1) The Report fully complies with the requirements of Section 13(a) or
       15(d) of the Securities Exchange Act of 1934; and

    (2) The information contained in the Report fairly presents, in all material
       respects, the financial condition and result of operations of the
       Company.

/s/ Elizabeth A. Murphy

Elizabeth A. Murphy
Chief Financial Officer
March 31, 2003

    A signed original of this written statement required by Section 906 has been
provided to Scottish Annuity & Life Holdings, Ltd. and will be retained by
Scottish Annuity & Life Holdings, Ltd. and furnished to the Securities and
Exchange Commission or its staff upon request.