Enjoy Wealth Appreciation and Inheritance with Hong Kong Life's Wealth Up (Premier) Savings Insurance Plan - Brand Spur
Source: Brand Spur
HONG KONG SAR - Media OutReach Newswire - 30 April 2024 - Along with the continuous economic growth, customers would like to allocate their assets more effectively with various wealth management tools, to achieve wealth appreciation and prepare a better protection to themselves and their families. Hong Kong Life launches Wealth Up (Premier) Savings Insurance Plan as a much steady wealth management option for customers which allows them to achieve their medium-to-long term financial goals and pass their wealth to their beloved ones.
Wealth Up (Premier) Savings Insurance Plan provides 20 years of savings and life protection with only 2-year premium payment. The Plan also offers Premium Prepayment Arrangement, Change of Life Insured, Contingent Life Insured and Contingent Policyowner Arrangement for Policy Continuum and flexible death settlement options as well as simple application procedure with no medical examination required.
From now until 29 June 2024, customers may enjoy up to 13% first year premium discount and up to 5% Premium Prepayment Discount upon successful application of Wealth Up (Premier) Savings Insurance Plan. The Projected Total Return Rate can reach up to 4.46% p.a. upon Policy Maturity. Customers may also be entitled to a complimentary health service.
Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life, said, "Hong Kong Life understands most customers emphasize on having secure wealth appreciation and inheritance in their life plans, especially for high-net-worth individuals. They expect making good use of relatively steady wealth management tools can offer them higher potential returns, and even can serve as a plan for future inheritance to pass on their fruitful capitals to next generation. We specially provide premium discount on Wealth Up (Premier) Savings Insurance Plan, bringing up to 4.46% p.a. Projected Total Return Rate upon Policy Maturity, to allow customers to achieve wealth appreciation goals of medium-to-long term and wealth inheritance flexibly with a life insurance plan."
Learn more about Wealth Up (Premier) Savings Insurance Plan - Client Promotion Incentive:
https://www.hklife.com.hk/en/promotions/index-id-34.html
Learn more about Wealth Up (Premier) Savings Insurance Plan:
https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-up-(premier)-savings-insurance-plan/index.html
Terms and Conditions apply. For enquiries, please visit the branches of our Appointed Licensed Insurance Agency, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, or contact our Customer Service Hotline at (852) 2290 2882.
Features of Wealth Up (Premier) Savings Insurance Plan:
The Premium Payment Term of the Plan is 2 years 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 premium, so that you can build your wealth with ease.
The Plan not only provides Guaranteed Cash Value, Terminal Dividend (non-guaranteed) may also be payable at or after the end of 5 Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured (provided that there is no named and surviving Contingent Life Insured who will become the new Life Insured)or upon Policy Maturity, whichever is earlier.
When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed) may be payable at or after the end of 5 Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed) attributable to the reduced portion of Principal Amount. Terminal Dividend (non-guaranteed) will not accumulate in the Policy.
While the Plan is in force and the Life Insured is alive, the Policyowner may change the Life Insured for unlimited times starting from the 1Policy Anniversary as follows. This provides you the flexibility in your financial arrangement.
Change of one Life Insured
The Guaranteed Cash Value will remain unchanged and continue to accumulate in the Policy till the Plan matures.
Change to two Life Insureds
The Principal Amount of the Policy will be converted into two new policies of the same Basic Plan in accordance to the portion as specified by the Policyowner. The Guaranteed Cash Value will be proportionally converted into the two new policies in accordance to the same portion as specified and continue to accumulate in the Policy till the Plan matures.
During the lifetime of the Life Insured and while the Plan is in force, the Policyowner may designate a Contingent Life Insured. In the event of the death of the Life Insured on or after the 1Policy Anniversary, the Contingent Life Insured will become the new Life Insured. This sustains the Policy and avoids the possibility of Policy termination due to the unexpected death of the Life Insured.
Moreover, to safeguard the wealth management planning, during the lifetime of the Life Insured and while the Plan is in force, Policyowner may designate a Contingent Policyowner so that the ownership of the Policy will be transferred to the Contingent Policyowner in the event of death of the Policyowner.
When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary (provided that there is no named and surviving Contingent Life Insured who will become the new Life Insured) as below:
The Plan provides flexible Death Benefit Settlement Options. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate one of the following settlement options while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.
1. Installment Payments (Fixed Amount)
Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually).
2. Installment Payments (Fixed Period)
Death Benefit will be paid in installments (monthly, quarterly, semi-annually or annually) for an agreed fixed payment period.
3. Partial Installment Payments (Fixed Amount)
A designated percentage of Death Benefit will be paid in a lump sum. The unpaid balance of Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually).
4. Partial Installment Payments (Fixed Period)
A designated percentage of Death Benefit will be paid in a lump sum. The unpaid balance of Death Benefit to be paid in installments (monthly, quarterly, semi-annually or annually) for an agreed fixed payment period.
5. Partial Installment Payments until the Designated Age of the Beneficiary
Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually) before the Designated Age of the Beneficiary. The unpaid balance of Death Benefit (if any) will be paid in a lump sum at the Designated Age of the Beneficiary.
6. Increasing Installment Payments
Death Benefit will be paid by increasing installments (monthly, quarterly, semi-annually or annually). Death Benefit will be paid in a specified amount for the first installment. The subsequent installments will be increased by 3% each year starting from the second year until Death Benefit is fully settled.
The premium will remain unchanged throughout the Premium Payment Term, allowing you to have a better plan for your future.
Application procedure is simple and no medical examination is required.
Remarks:
Hashtag: #HKLife #致富易優越 #儲蓄壽險 #中長線儲蓄 #資產增值 #財富傳承
The issuer is solely responsible for the content of this announcement.
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 Bank (Hong Kong) 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 130 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank and Shanghai Commercial Bank, we provide a comprehensive range of insurance products and services to customers.