Chubb Life Hong Kong unveils multi-currency legacy plan

Policyowners can name up to 5 interim owners, successor owners, and successor insured each.

Chubb Life Hong Kong has launched the Chubb MyLegacy Multi-Currency Insurance Plan, which offers a customised life event settlement option and can be convertible to another currency.

The plan allows customers to pre-set financial payouts based on life milestones, such as university graduation, marriage, or home purchase.

Customers are offered a currency conversion option starting the third policy anniversary to convert it to another available policy currency of their choice, Chubb Life Hong Kong said in an announcement on 28 September.

Customers can input pre-set withdrawal instructions, one-time or regular cash withdrawals, or select an annuity option.

Policyowners can appoint up to 5 interim owners, successor owners, and successor insured each, Chubb Life Hong Kong said.