AXA launches life protection up to age 138
AXA Hong Kong has launched ‘LifeDelight Insurance Plan‘ that offers protection and wealth accumulation. If the death benefit becomes payable within the first 20 years of the policy, AXA Hong Kong will pay an additional 35% of the basic sum insured. That way, customers can be assured that their loved ones are being taken care of financially. Also, LifeDelight offers life protection up to age 138, reflecting the adage that “It’s never too late to protect”.
Premiums of LifeDelight are paid for only 10 years and can boost potential returns of a terminal dividend, which is an aid to maximize the potential growth on legacy. In addition, LifeDelight carries a cash value, the guaranteed cash surrender value of which is payable upon policy maturity or policy surrender. When the customer’s policy has been in force for 3 years, the customer may also benefit from a terminal dividend.
The customer can also exercise a terminal dividend lock-in option to capture and secure any market upside. Within 30 days from each policy anniversary starting from the 25th policy anniversary (if the premium payment term is 10 years) or the 30th policy anniversary (if the premium payment term is 18 years), the customer can apply to transfer a certain percentage (up to 60%) of the latest value of the terminal dividend, which is rolling over. Customers can withdraw part or all of the value of the terminal dividend lock-in account in a lump sum from the terminal dividend lock-in account, anytime, without surrendering the policy, to accommodate their financial needs at different stages of their life.
“An ageing population is becoming a fact in Hong Kong, where we are seeing rising longevity. The market has been lacking truly flexible life protection insurance plan. To address this need, AXA Hong Kong has launched the ‘LifeDelight Insurance Plan’, providing extra protection for customers and their families for a more secure future. There is even a terminal dividend lock-in option, allowing customers to seize market opportunities and accumulate wealth.” – Kevin Chor, Chief Life and Market Development Officer, AXA Hong Kong and Macau.
