Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said, “Financial goals evolve throughout different stages of life, which drives the market demand for wealth management solutions. In times of the economic uncertainty, the public looks for stability and long-term growth for their assets when thinking about wealth management. Hong Kong Life has specially launched the Wealth Up Savings Insurance Plan which provides opportunities for medium-to-long term return to address customers’ needs in wealth accumulation and comprehensive protection, so as to build a prosperous future for customers and their loved ones.”
Limited Time Offer: Enjoy Premium Discount and up to 4.24% p.a. Projected Total Return Rate upon Policy Maturity1
From now until 30 September 2022, customers may enjoy up to 6% first year premium discount upon successful application of Wealth Up Savings Insurance Plan with fulfilment of the first year premium requirement and the policy being successfully issued. Customers can also enjoy up to 4% Premium Prepayment Discount in the second policy year by prepaying the second year premium in full at the time of application. The projected total return rate can reach up to 4.24% p.a. upon Policy Maturity1.
Key Features of Wealth Up Savings Insurance Plan:
The Premium Payment Term2 of the Plan is 2 years2 only with 20 years life protection for the Life Insured.
You can prepay the premium for the second year at the time of application and enjoy the premium prepayment discount on the second year premium3, so that you can build your wealth with ease.
The Plan not only provides Guaranteed Cash Value, Terminal Dividend (non-guaranteed)4 may also be payable on or after the end of 5th Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured or upon Policy Maturity, whichever is earlier.
When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)4 may be payable on or after the end of 5th Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed)4 attributable to the reduced portion of Principal Amount5. Terminal Dividend (non-guaranteed)4 will not accumulate in the Policy.
When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary as below:
Policy Year | Total Death Benefit | |
1 – 5 | 101% of Total Premiums Paid6 | less Indebtedness (if any). |
6 – 20 | Applicable to the Life Insured with issue age 70 or below: 105% of Total Premiums Paid6 OR 100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater) Applicable to the Life Insured with issue age above 70: 101% of Total Premiums Paid6 OR 100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater) | plus Terminal Dividend (non-guaranteed)4(if any), less Indebtedness (if any). |
The Plan provides flexible Death Benefit Settlement Options7. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate other settlement options including Installment Payments (Fixed Amount) or Installment Payments (Fixed Period) while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.
The premium will remain unchanged throughout the Premium Payment Term2, allowing you to have a better plan for your future.
Application procedure is simple and no medical examination is required.
Learn more about the Wealth Up Savings Insurance Plan:
https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-up-savings-insurance-plan/index.html
Terms and Conditions apply. For enquiries, please contact our Customer Service Hotline at 2290 2882 or visit Hong Kong Life website www.hklife.com.hk.
Note?
Hashtag: #HongKongLife
Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 150 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Wing Hang and Shanghai Commercial Bank, we provide a comprehensive range of insurance services.
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