足彩任选9场预测彩票投注|任选9场复式中奖规则及奖金|
Image
Splendid 16 Guaranteed Annuity Plan

Splendid 16 Guaranteed Annuity Plan

Product Summary

An effective and flexible retirement plan is crucial to those looking forward to a carefree retirement. Splendid 16 Guaranteed Annuity Plan (“this Plan”) is designed to offer guaranteed income for 16 years, allowing you to realise your retirement dreams and enjoy a life of assured comfort and abundance.

Product Icons
 

Short Premium Payment Term

 

Guaranteed Annuities

 

Wealth Accumulation

 

Life Protection

 

International Emergency Assistance Service

Product Features

An effective and flexible retirement plan is crucial to those looking forward to a carefree retirement. Splendid 16 Guaranteed Annuity Plan (“this Plan”) is designed to offer guaranteed income for 16 years, allowing you to realise your retirement dreams and enjoy a life of assured comfort and abundance.

?Short Premium Payment Term

You can enjoy life protection for 16 years by paying 3 years of Premiums. You may also consider prepay all future Premiums1 for better financial arrangement.

?Guaranteed Annuities

You will receive a guaranteed annuity payment equivalent to 8% of the Basic Amount at the beginning of each Policy year and before Policy maturity. The first guaranteed annuity payment will be provided after cooling-off period. A total of 16 guaranteed annuity payment payouts will be offered throughout the Policy term and the guaranteed amount payable will be up to 122.3% of the total Premiums paid.
"Basic Amount" means the amount shown on the Policy Information Page or endorsement as the “Basic Amount”. The “Basic Amount” is used to calculate Premium, guaranteed Cash Value and guaranteed annuity payments, but it is not applicable to the calculation of the death benefit. If the Basic Amount has been amended while this Policy is in force, the said Premium, guaranteed Cash Value and guaranteed annuity payments will be adjusted accordingly.

?Wealth Accumulation

You may choose to withdraw any distributed guaranteed annuity payments in cash, or accumulate them in your Policy account to earn interest at a minimum guaranteed rate of return of 3.33% per annum. Should you choose to accumulate all your guaranteed annuity payments in the Policy account, the total return upon Policy maturity can be as high as 4.68% (non-guaranteed)2.

?Life Protection

If the Insured passes away during the Policy term, we will pay a death benefit to the Beneficiary, the amount of which is equal to the higher of: (i) 101% of the total Premiums due and paid (less the guaranteed annuity payments paid), or (ii) guaranteed Cash Value as at the date of death of the Insured. Any future Premiums prepaid as well as accumulated guaranteed annuity payments with interest will also be payable in full, less all Indebtedness.

?International Emergency Assistance Service3

If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.

Product Details

Splendid 16 Guaranteed Annuity Plan

Issue Age From 15 days after birth to 75 years old
Policy Currency HKD or USD
Premium Payment Term 3 years
Benefit Term 16 years
Premium Payment Method Annual, Annual & Prepayment of Premium1
Minimum Basic Amount: HKD100,000 or USD12,500
The information provided herein is for reference only. Please refer to the insurance contract for the details of the provisions, benefit terms and exclusions of the Plan.

Notes:
1 If customers opt for the Annual & Prepayment of Premium option, they can withdraw the unused prepaid Premium (including interest, if any) at one time and China Life (Overseas) will charge 3% of the withdrawal amount as withdrawal fee, and the minimum charge is HKD200 or USD25. Customers can withdraw the unused prepaid Premium once only. The interest rate of Prepayment of Premium is not guaranteed.

2 The calculation of total return upon Policy maturity is based on the current accumulated interest rate of 5.5% p.a. The interest rate is not guaranteed.

3 24-hour Worldwide Emergency Assistance Service is provided by Inter Partner Assistance Hong Kong Limited. The provision of services are subject to the terms and conditions of the Inter Partner Assistance Hong Kong Limited. China Life (Overseas) reserves the right to amend the terms and conditions thereof from time to time without prior notice.

Product Important
Disclaimer

Please refer to the Policy documents for the complete definitions of the capitalized terms, as well as all the terms and conditions of this product. You are reminded to review all of the relevant product materials provided to you and to seek independent professional advice if necessary.

  1. The Policy is underwritten by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)” or "us/we/our"). China Life (Overseas) is responsible for the features, underwriting and benefit payments under the Policy. You should fully understand all of the risks involved in this product and consider whether this product is affordable and suitable to you before making your application.
    ?
  2. China Life (Overseas) shall make the final decisions on the underwriting and claims. We shall rely on your submitted information to assess whether to accept or decline your application, and shall refund any Premium paid without interest for declined cases.
    ?
  3. No dividend will be paid in the Policy and therefore dividends are not available to the Plan.
    ?
  4. Exclusions and Limitations - The information stated in this product brochure is for reference only. Please refer to the General Provisions for the exact terms and conditions and limitations such as incontestability, suicide and fraud etc. or all exclusions.
    ?
  5. Non-Payment of Premium / Automatic Premium Loan - You should pay Premium(s) on time according to the selected Premium payment schedule. If the due Premium remains unpaid upon the expiry of the Grace Period, an Automatic Premium Loan will be taken out against the Policy to settle the unpaid Premium automatically. All Policy Loans are interest-bearing and calculated at a rate (as stated on our corporate website www.boeqit.tw)to be declared by us from time to time. Interest accrued shall become a part of the Indebtedness. When the loan balance exceeds the guaranteed Cash Value of the basic plan of the Policy, the Policy will be lapsed and you will lose the related insurance coverage and suffer a financial loss. Under these circumstances, the Surrender Value of the Policy will be deducted to repay the outstanding loan balance (including interest), and the remaining value will be refunded to you.
    ?
  6. Cooling-off Right - You have the right to cancel the Policy within the Cooling-off Period and obtain a refund of any Premiums paid by giving written notice to us provided that you have not made any claims under the Policy. Such notice must be signed by you and submitted to China Life (Overseas) at 22/F, CLI Building, 313 Hennessy Road, Wan Chai, Hong Kong within 21 days after the delivery of the Policy or issue of a Notice to you or your representative informing you that the Policy is available, whichever is earlier.
    ?

?

What are the key product risks?
Credit risk This product is a life insurance Policy issued by China Life (Overseas). Any Premium paid will become part of our assets and our financial strength will affect our ability to meet our contractual obligations to you under the Policy. Therefore this product is subject to our credit risk.
Early surrender risk The savings component of the Plan is subject to risks and possible losses. Should you surrender the Policy early, you may receive an amount considerably less than the total amount of Premiums paid.
Exchange rate and Currency risks Any Policy with foreign currencies involves risks, such as potential changes in political or economic conditions that may substantially affect the price or liquidity of a currency. The fluctuations in exchange rates may also cause financial losses to you during currency conversions. You should consider the potential currency and exchange rate risks before deciding which Policy currency you should take.
Inflation risk The cost of living in the future may be higher than expected due to the effects of inflation. Therefore, your current planned benefits and/or returns maybe insufficient to meet your future needs even if we fulfill all of our contractual terms and obligations.
Liquidity and Withdrawal risk You are obliged to hold the Policy and pay the Premium for the designated period of time. If you terminate the Policy prior to the Policy Maturity Date, you will suffer a financial loss. In case you make partial withdrawals from the Policy, your account value, death benefit and other Policy values will be reduced, and you may need to pay the relevant handling fee or charges (if any).
Non-guaranteed Benefit This Plan consists of non-guaranteed benefits and/or returns. The actual amounts of benefits and/or returns in the future may be different from the benefits and/or returns which project on the product materials.The product materials are for illustrative purposes only.
Policy Termination The Policy will be terminated if (a) the Policy lapses or is surrendered, (b) the Maturity benefit are fully paid, (c) the death benefit are paid, (d) you do not pay the Premium within 31 days of the due date and the Policy has no Cash Value, or (e) the Indebtedness is equal to or exceeds the guaranteed Cash Value of the Policy.

Disclaimer

The information and descriptions contained herein are not intended to be complete descriptions of all terms, exclusions and conditions applicable to the products and services, but are provided solely for general informational purposes. For complete details please refer to the actual policy or the relevant product or services agreement.

?

Download Information

Read More

?

Enrollment Guidelines

Read More

?

Bonus Strategies

Read More

?

Insurance Glossary

Read More

足彩任选9场预测彩票投注
北京快3形态走势图 今日上证指数走势 大盘指数上证指数图 北京麻将机专卖 时彩平台哪个好 广西快乐十分20选8号万能码 11选5山东 幸运赛车走势图 上证指数k线走势 麻将技巧规则