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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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What you need to know about FTLife's new @MyLove Insurance Plan I

Plan a bright future for your loved ones by taking advantage of it.

Meeting our responsibilities when taking care of parents after they retire, getting married or raising children applies to us all at some stage of life. In fact, providing for, and protecting, our loved ones has never been more important than it is today.

Comprehensive protection is a must, but insufficient without a savings element. That’s why FTLife has launched the @MyLove Insurance Plan I. This plan provides life protection and wealth accumulation, while allowing you to seize opportunities without worrying what the future holds.

Extra double benefits for the first 10 policy years for those you care about

During the first 10 policy years, the @MyLove Insurance Plan I offers the insured an extra death benefit of 100% of the sum insured (representing a total death benefit of 200% of the sum insured), plus extra accidental death benefit of 100% of the sum insured if death is caused by an accident (representing a total death benefit of
300% of the sum insured). Such thoughtful planning ensures your loved ones are able to cope with sudden financial stress without suffering any material setback.

Policyholders can even use their extra death benefit entitlement to acquire a whole life policy before reaching the age of 60, with no requirement to provide evidence of insurability

Guaranteed cash value and dividends add to your wealth

The @MyLove Insurance Plan I comes with a guaranteed cash value and pays out annual dividends that you can withdraw in cash, or leave in the policy to earn interest. A terminal dividend is paid out when the policy is surrendered, on maturity or on occasion of the insured’s death.

Premium payment options offer greater financial flexibility

The plan aims to suit customers’ financial circumstances by offering multiple premium payment period options, including 10, 15 or 20 years, as well as making premium contributions to age 65 or age 100. In fact, premium prepayment periods can be as short as one or five years for a 10-year payment term policy. And you can earn interest by making prepaying premiums option, thereby helping you complete your premium contribution requirement at an early stage and even lower cost. Furthermore, premium discounts will be offered throughout the policy period, when applying a designated level of coverage. 

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