Well Enjoy Deferred Annuity Plan Supreme

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.

Promotion
Customer can enjoy additional 4% Annual Premium Discount for successful application of Well Enjoy Deferred Annuity Plan (Supreme) during promotion period.
Receive a regular Annuity for 10 years or 20 years with five-year premium payment

Receive a regular annuity for 10 years or 20 years with five-year premium payment. The Plan provides you with choices of policy currency in Hong Kong Dollar,Renminbi and US Dollar.

You just pay five years' premiums for 10 years or 20 years of monthly annuity during the designated annuity period.


Issue age between 35 and 44 – Start to receive your monthly annuities when you reach age 50.

Issue age between 45 and 60 – Start to receive your monthly annuities from the 6th policy year.

Receive a regular annuity for 10 years or 20 years with five-year premium payment. The Plan provides you with choices of policy currency in Hong Kong Dollar,Renminbi and US Dollar.

You just pay five years' premiums for 10 years or 20 years of monthly annuity during the designated annuity period.


Issue age between 35 and 44 – Start to receive your monthly annuities when you reach age 50.

Issue age between 45 and 60 – Start to receive your monthly annuities from the 6th policy year.

Enjoy your retirement with a guaranteed Annuity

The Plan offers peace of mind by providing a guaranteed Annuity that will enable you to accurately plan ahead your retirement budget.


You may choose to receive the monthly annuities in cash; or leave them with us to accumulate at an interest rate as may be declared by the Company from time to time.


Any indebtedness under the policy would be deducted from the benefit payment.

The Plan offers peace of mind by providing a guaranteed Annuity that will enable you to accurately plan ahead your retirement budget.


You may choose to receive the monthly annuities in cash; or leave them with us to accumulate at an interest rate as may be declared by the Company from time to time.


Any indebtedness under the policy would be deducted from the benefit payment.

A death benefit to better protect your loved ones

This benefit covers life's uncertainties. If the Annuitant unfortunately passes away while the policy is in force, a death benefit of an amount not less than 105% of total premiums paid will be provided to support the beneficiary(ies). Please refer to Product Summary for details.

This benefit covers life's uncertainties. If the Annuitant unfortunately passes away while the policy is in force, a death benefit of an amount not less than 105% of total premiums paid will be provided to support the beneficiary(ies). Please refer to Product Summary for details.

Simple application process with no health information needed

The application process for this Plan is simple. You do not need to provide any health information for new applications except if your total premiums to be paid over the premium payment period will exceed HKD 2,000,000/ RMB 2,000,000 / USD 250,000 for the same annuitant.

The application process for this Plan is simple. You do not need to provide any health information for new applications except if your total premiums to be paid over the premium payment period will exceed HKD 2,000,000/ RMB 2,000,000 / USD 250,000 for the same annuitant.

Tax deduction for premium payments

You can apply for annual tax deductions under the salaries tax and personal assessment with Inland Revenue Department for your premiums paid with an allowance of up to HK$60,000 per taxpayer for each assessment year*.

* Any tax deduction under the salaries tax and personal assessment with Inland Revenue Department for premiums paid under the Well Enjoy Deferred Annuity Plan (Supreme) shall be subject to your individual circumstances. It is also at Inland Revenue Department's discretion when your premiums are paid over the premium payment period. Please refer to the 'Tax Implication of Qualifying Deferred Annuity Insurance Policy' section for details regarding key risk factors.

You can apply for annual tax deductions under the salaries tax and personal assessment with Inland Revenue Department for your premiums paid with an allowance of up to HK$60,000 per taxpayer for each assessment year*.

* Any tax deduction under the salaries tax and personal assessment with Inland Revenue Department for premiums paid under the Well Enjoy Deferred Annuity Plan (Supreme) shall be subject to your individual circumstances. It is also at Inland Revenue Department's discretion when your premiums are paid over the premium payment period. Please refer to the 'Tax Implication of Qualifying Deferred Annuity Insurance Policy' section for details regarding key risk factors.


Well Enjoy Deferred Annuity Plan Supreme

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.

Promotion
Customer can enjoy additional 4% Annual Premium Discount for successful application of Well Enjoy Deferred Annuity Plan (Supreme) during promotion period.

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.