Start your savings today to realize your dream future. Well Save Future Coupon Plan (the 'Plan') provides you with monthly guaranteed cash coupon and non-guaranteed dividend till maturity. The Plan helps you accumulate long term wealth for a better future.
Product Type
Basic Plan
Premium Payment Term and Issue Age (on last birthday)
Premium Payment Term: 5 years Issue Age: Age 18 to age 50
Premium Payment Term: 10 years Issue Age: Age 18 to age 50
Premium Payment Term: 15 years Issue Age: Age 18 to age 45
Premium Payment Term: 20 years Issue Age: Age 18 to age 40
Premium Payment Term: 25 years Issue Age: Age 18 to age 35
Benefit Term
To age 100
Policy Currency
HKD / USD
Minimum Principal Amount^
HKD$ 100,000 ／ USD$ 12,500
Maximum Principal Amount^
HKD$ 2,500,000 ／ USD$ 312,500
Premium Payment Mode
Annual / monthly / Annual with Prepayment1
Guaranteed Cash Coupon
- Payable starting from the policy anniversary on or following life insured’s 60th birthday till maturity
- Payable on monthly basis
- You may elect to receive by one of the following options:
Option 1: paid in cash
Option 2: leave with the Company for interest accumulation where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.
Dividends
- Non-guaranteed and are determined by the Company at its discretion
- Payable starting from the policy anniversary on or following life insured's 60th birthday till maturity
- Payable on monthly basis
- You may elect to receive by one of the following options:
Option 1: paid in cash
Option 2: leave with the Company for interest accumulation where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.
Death Benefit
If the life insured dies, the death benefit will include:
1. the higher of:
a. 120% of the total premiums paid at date of death of the life insured less the total guaranteed cash coupon amount paid; or
b. the guaranteed cash value at the date of life insured's death;
2. accumulated guaranteed cash coupon and interest (if any)
3. accumulated dividend and interest (if any)
Less any Indebtedness
Surrender Benefit
- Guaranteed cash value at time of surrender; plus
- accumulated guaranteed cash coupon and interest (if any); plus
- accumulated dividend and interest (if any); less
- any indebtedness.
Premium Wavier
During life insured age 18 to 60, premiums of the Plan falling due before recovery will be waived in the event of the life insured sustaining total and permanent disability as a result of accident.
Extended Grace Period Benefit
If the policyowner is made redundant or laid off after the Plan has been in effect for more than one year, he/she can apply for an extension of grace period to a maximum of 365 days2 . The extended grace period benefit can be claimed once only under this Policy.
^ Principal Amount is a reference figure used in benefit calculation of the Plan. It does not equal to death benefit
1. Applicable to 5-year premium term only and require full prepayment of all future premium dues and corresponding levy under the Plan at policy issuance. The prepayment amount is calculated at annual interest rate of 3.0% (HKD policies) / 3.2% (USD policies). Since prepayment interest rate is not guaranteed and levy rate and its upper limit are not fixed, which are subject to change, the prepayment amount may not be sufficient to fully cover all future premium dues and corresponding levy.
2. Standard grace period is 31 days
