Well Save Whole Life Insurance Plan

You only need to pay premiums for 5 years for a lifelong protection up to age 100.

The Plan offers guaranteed cash value, non-guaranteed reversionary bonus and nonguaranteed terminal bonus. This allows you to accumulate long term return. 

The non-guaranteed reversionary bonus (if any) will be declared annually commencing from the 3rd policy anniversary. It will be paid upon surrender of the policy, death of the life insured or the policy's maturity. The face value of reversionary bonus is guaranteed once declared and forms part of the death benefit. The cash value of the reversionary bonus (if any) will be paid upon policy's maturity or surrender of the policy. The cash value of reversionary bonus is not guaranteed and may not equal to the face value of reversionary bonus, and is determined by the Company at its discretion. 

The non-guaranteed terminal bonus (if any) will be declared annually commencing from the 3rd policy anniversary. It will be paid upon surrender of the policy, death of the life insured or the policy's maturity. The face value of terminal bonus is guaranteed for that particular policy year once declared. The cash value of terminal bonus is not guaranteed and may not equal to the face value of terminal bonus, and is determined by the Company at its discretion. Any indebtedness under the policy would be deducted from the final benefit payment settlement. ​

To realize your long-term gains from cash value of terminal bonus, you may choose to exercise the terminal bonus lock-in option¹ on the 15th policy anniversary and/or every policy anniversary thereafter to convert the cash value of terminal bonus (not less than 10% each time) into dividends to accumulate and earn interest², as long as the lock-in percentage does not exceed 50% in aggregate. 

^Remark:

^{1. To exercise this lock-in option, you must submit a written request in a prescribed format required by the Company within 30 days after the qualified policy anniversary and during the lifetime of the life insured. Once submitted, the request for exercising such option cannot be withdrawn. No converted terminal bonus will be allowed to be reversed back to terminal bonus under this policy. Exercising this lock-in option will reduce the future Terminal Bonus (if any).}

^{2. The current accumulation interest rate is 4.25% p.a. which is non-guaranteed. The Company reserves the right to review and adjust this interest rate from time to time.}

To suit your financial needs, you may choose to:

• Withdraw the locked-in cash value of terminal bonus; and/or
• Partially withdraw your non-guaranteed cash value of reversionary bonus, nonguaranteed cash value of terminal bonus and guaranteed cash value through the reduction of principal amount (as the case may be).

You can choose to partially withdraw the cash value on or after the 15th policy anniversary once every policy year. After partial withdrawal, the principal amount of the policy may be reduced. The principal amount after the reduction must meet the minimum principal amount requirement. The principal amount is used to calculate premium and relevant policy values and will not be directly payable as surrender benefit or death benefit. The future guaranteed cash value, face value and cash value of reversionary bonus (if any), face value and cash value of terminal bonus (if any) and the total premiums paid will be reduced accordingly.

Should the life insured pass away unfortunately while the Plan is in force, the beneficiary(ies) shall receive a death benefit. The death benefit will increase annually in the first 5 policy years up to a maximum of 150%* of total premiums paid;

or the guaranteed cash value plus the face value of any reversionary bonus and any terminal bonus, whichever is higher.

Policy Year - Percentage of the Total Premiums Paid

1st: 110% of Total Premiums Paid

2nd: 120% of Total Premiums Paid

3rd: 130% of Total Premiums Paid

4th: 140% of Total Premiums Paid

5th and after: 150% of Total Premiums Paid

^{* If life insured is covered by one or more policies under the Plan, the total amount of scheduled percentage of total premiums paid for each life insured should not exceed 100% of total premiums paid of all policies under the Plan as at the date of life insured's death plus USD125,000.}

To plan your family's future life, you can choose one of the death benefit settlement options below:

1. Lump sum payment; or
2. Regular monthly payments, or regular annual payments over a period of 10, 20 or 30 years; or
3. Partial payment in a lump sum and the unpaid balance by regular payments

The Plan offers you flexibility in wealth transfer. You may choose to change the life insured (up to two times for each policy and age of new life insured must be within 15 days to age 60) after the first policy anniversary, where the benefit term will be adjusted to age 100 of the new insured. You can extend the protection and pass wealth to the next generation.

Application procedure is simple with no health information required (applicable to the application with total premiums of less than USD250,000 over premium payment period for the same life insured).