Well Save Annual Coupon Plan 3

Product Type:

Basic Plan

Issue Age:

Age 0 (15 days) to Age 80

Premium Payment Term

Single premium / 5 Years

Benefit Term

20 Years/ 30 Years

Policy Currency

HKD/ RMB/ USD

Minimum Premium Amount

Single Premium - HKD 100,000/ RMB 100,000/ USD 12,500

5-year Annual Premium - HKD 20,000/ RMB 20,000/ USD 2,500

Premium Payment Mode

Single / Annual / Monthly

Guaranteed Cash Coupon

While the policy is inforce, Guaranteed cash coupon will be payable annually from the 1st Policy Anniversary. 

Guaranteed cash coupon payable at end of policy year

Policy Currency: HKD

Single Premium: 2.00% of Single Premium

5-year Annual Premium: 2.00% of Total premiums paid

5-year Monthly Premium: 1.89%* of Total premiums paid

Policy Currency: RMB

Single Premium: 1.50% of Single Premium

5-year Annual Premium: 1.50% of Total premiums paid

5-year Monthly Premium: 1.42%* of Total premiums paid

Policy Currency: USD

Single Premium: 2.00% of Single Premium

5-year Annual Premium: 2.00% of Total premiums paid

5-year Monthly Premium: 1.89%* of Total premiums paid

*The percentage is rounded to 2 decimal places.

You may elect to receive the Guaranteed cash coupon by one of the following options:

Option 1: paid in cash

Option 2: leave with the Company for accumulation with interest where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.

Annual Dividend

While the policy is in force, annual dividends (if any) will be payable annually from the 1^st policy anniversary. Annual dividends are not guaranteed. You may elect to receive the annual dividends (if any) by one of the following dividend options:

Option 1: paid in cash

Option 2: leave with the Company for accumulation with interest where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.

Terminal Dividend

Terminal dividend (if any) shall be payable on or after the sixth policy anniversary upon the first occurrence of any of the following events:

i. the death of the life insured; or

ii. the surrender of this policy; or

iii. the policy maturity.

Terminal dividend is paid once only and is not guaranteed. It shall be determined by the Company in its discretion.

Death Benefit

Death Benefit shall equal to:

i. The higher of:

a. 102% of the total premiums paid at the date of life insured's death, provided that if life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list ), the total amount of 102% total premium paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured's death plus HKD100,000/ RMB100,000/ USD12,500 (or the higher thereof in case of a combination of USD-, HKD- and RMB-denominated policies).; Or

b. the Guaranteed Cash Value at the date of life insured's death

plus

ii. accumulated guaranteed cash coupon and interest, if any; plus

iii. accumulated annual dividend and interest, if any; plus

iv. terminal dividend, if any; less

v. any Indebtedness.

Surrender Benefit / Maturity Benefit

Guaranteed cash value at time of surrender or on maturity date plus;

i. accumulated guaranteed cash coupon and interest, if any; plus

ii. accumulated annual dividend and interest, if any; plus

iii. terminal dividend, if any; less

iv. any Indebtedness.