A financial plan assuring peace of mind should not only provide reasonable investment returns but also provide a whole life protection.
Peaceful Age Whole Life Plan offered by China Life Insurance (Overseas) H.K. provides a whole life insurance protection as well as a savings feature. Peaceful Age Whole Life Plan offers a choice of 4 different premium payment periods to meet your personal financial status. At the end of the chosen premium payment period, you can still enjoy the original protection until the age of 100 with complete peace of mind.
Features of the Plan
Flexible Choices to Fit Your Needs
Peaceful Age Whole Life Plan offers a choice of either 6-year, 8-year, 10-year or 12-year to be the premium term. You can select according to your own financial status so as to achieve your financial goals relaxingly and flexibly.
Flexible and Desirable Dividends
On top of a comprehensive life protection, you also receive the policy dividends declared by China Life Insurance (Overseas) H.K. annually as long as the policy is in force. You may deposit the policy dividends with us to accumulate for interest until maturity so as to enjoy a desirable return. Alternatively, you may also choose to receive the annual policy dividends in cash or use it to offset against future premium.
Free Waiver of Premium Benefit
In the unfortunate event of your total and permanent disability for an uninterrupted period of not less than 180 days during the premium payment period, the premium due for the Basic Plan within the period of your disability shall be waived. This waiver of premium benefit is free of charge.
Enrolment Terms
Entry AgeˇGfrom 15 days after birth to 70 years old
CurrencyˇGHKD or USD
Payment PeriodˇG6-Year, 8-Year, 10-Year or 12-Year
Payment MethodˇGAnnual, Semi-annual, Quarterly, or Monthly Premium
Minimum Sum AssuredˇGHK$80,000 or US$10,000
Example
Calculation is based on a Male of entry age 30 with the Sum Assured of HK$500,000. Plus free waiver of premium benefit during the premium period.
(Value of the policy at age 65 in HK$)
Insurance
Plan |
Annual Premium |
Accumulated Premium |
Guaranteed Cash Value |
Accumulated Dividends
with Interest* |
Expected Cash
Balance*
|
Expected Return # |
Peaceful
Age 6 |
22,445 |
134,670 |
231,000 |
368,113 |
599,113 |
464,443 |
Peaceful
Age 8 |
17,565 |
140,520 |
231,000 |
352,060 |
583,060 |
442,540 |
Peaceful
Age 10 |
14,900 |
149,000 |
231,000 |
340,012 |
571,012 |
422,012 |
Peaceful
Age 12 |
13,055 |
156,660 |
231,000 |
328,522 |
559,522 |
402,862 |
(Value of the policy on maturity in HK$)
Insurance Plan |
Annual Premium |
Accumulated Premium |
Guaranteed Cash Value |
Accumulated Dividends
with Interest* |
Expected Cash
Balance* |
Expected Return # |
Peaceful
Age 6 |
22,445 |
134,670 |
500,000 |
3,604,360 |
4,104,360 |
3,969,690 |
Peaceful
Age 8 |
17,565 |
140,520 |
500,000 |
3,499,791 |
3,999,791 |
3,859,271 |
Peaceful
Age 10 |
14,900 |
149,000 |
500,000 |
3,421,315 |
3,921,315 |
3,772,315 |
Peaceful
Age 12 |
13,055 |
156,660 |
500,000 |
3,346,470 |
3,846,470 |
3,689,810 |
Note: *The Expected Cash Balance is inclusive of Guaranteed Cash Value and Accumulated Dividends with Interest. Dividends and interest are not guaranteed.
Please refer to the Proposal for more details
# Expected Return = Expected Cash Balance - Accumulated Premium
Optional Benefit for Better Protection
Based on your personal needs, you can choose to take up different optional benefits for a more comprehensive protection.
How to find out more
The information contained in this webpage is designed to serve as an introduction only. For all relevant clauses and details, you should refer to the insurance contract.
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Personal
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