Looking for a fabulous retirement life? Well Enjoy Deferred Annuity Plan (Supreme) ('the Plan') provides you with choices of policy currency in Hong Kong Dollar, Renminbi and US Dollar, only requires five-year premium payment, and provides you with monthly annuities for 10 years or 20 years. With the Plan, early retirement is no longer a fantasy.
Product Type:
Basic Plan
Issue Age:
Age 35 to age 60
Premium Payment Mode:
Annual / Monthly
Policy Currency:
HKD / RMB / USD
Premium Payment Term:
5 years
Minimum Premium Amount^:
Annual: HKD38,000 / RMB38,000 / USD4,900 per year
Monthly: HKD3,344 / RMB3,344 / USD432 per month
Maximum Premium Amount (Online Application)^:
Annual: HKD120,000 / RMB120,000 / USD15,000 per year
Monthly: HKD10,560 / RMB10,560 / USD1,320 per month
If you would like to apply for higher premium amount, please contact our insurance consultants, or call our Customer Service Hotline at +852 2830 7500.
Accumulation Period:
Issue Age 35 to Age 44︰Till annuitant's age 50
Issue Age 45 to Age 60︰ 5 years
Annuity Period:
10 years / 20 years
Annuity
Monthly annuity amount shall equal to the guaranteed annuity amount.
Annuity Options:
Two options for selection:
- Option 1: Paid in cash
- Option 2: Leave with the Company to accumulate at a non-guaranteed interest rate as may be declared by the Company from time to time
If no option is elected, Option 1 will be applied automatically. You can change your annuity option without any charges.
Internal Rate of Return (IRR) Annuity period (20 Years)
IRR is subject to the premium payment mode, i.e. monthly / annual, and policy currency you choose. IRR^ below is for illustration only:
Issue Age
Age 45
Premium payment term
5 years
Accumulation period
5 years
Annuity period
20 years
Policy Currency
HKD
Guaranteed IRR
Min - 2.43% p.a.
Max - 2.80% p.a.
Total IRR
Min - 2.43% p.a.
Max - 2.80% p.a.
RMB
Guaranteed IRR
Min - 2.81% p.a.
Max - 3.17% p.a.
Total IRR
Min - 2.81% p.a.
Max - 3.17% p.a.
USD
Guaranteed IRR
Min - 2.53% p.a.
Max - 2.89% p.a.
Total IRR
Min - 2.53% p.a.
Max - 2.89% p.a.
Internal Rate of Return (IRR) Annuity period (10 Years):
Issue Age
Age 45
Premium payment term
5 years
Accumulation period
5 years
Annuity period
10 years
Policy Currency
HKD
Guaranteed IRR
Min - 2.16% p.a.
Max - 2.75% p.a.
Total IRR
Min - 2.16% p.a.
Max - 2.75% p.a.
RMB
Guaranteed IRR
Min - 2.58% p.a.
Max - 3.15% p.a.
Total IRR
Min - 2.58% p.a.
Max - 3.15% p.a.
USD
Guaranteed IRR
Min - 2.28% p.a.
Max - 2.86% p.a.
Total IRR
Min - 2.28% p.a.
Max - 2.86% p.a.
Death Benefit:
During accumulation period:
the higher of:
(a) 105% of the total premium paid at date of death of the annuitant; or
(b) guaranteed cash value
Any indebtedness will be deducted from death benefit payment.
During annuity period:
(i) the higher of:
(a) 105% of the total premium paid at date of death of the annuitant less the total annuity distributed; or
(b) guaranteed cash value; plus
(ii) any annuity* left with the Company for accumulation as at the date of death of the annuitant
Any indebtedness will be deducted from death benefit payment.
Surrender Benefit:
During accumulation period:
(i) guaranteed cash value; less
(ii) any indebtedness
During annuity period:
(i) guaranteed cash value; plus
(ii) any Annuity* left with the Company for accumulation as at the effective date of surrender
Any indebtedness will be deducted from Surrender Benefit.
Maturity benefit:
Shall equal to:
(i) any annuity* left with the Company for accumulation; less
(ii) any indebtedness
* With interest at a non-guaranteed interest rate as may be declared by the Company from time to time.
^ Range of IRR differs because of the premium payment mode, i.e. monthly/ annual.
Note：
1. This plan is underwritten by Well Link Life Insurance Company Limited.
2. The above content contains general information for reference only and does not form part of the policy. Please refer to the policy document for benefit coverage and exact terms and conditions.
