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HONG KONG SAR –\u00a0Media
“Wealth Ultra
Short premium payment term and low
Wealth
\u00a0<\/p>\n
Apart from the guaranteed cash value, Wealth Ultra
Market-exclusive
Wealth
\u00a0<\/p>\n
Wealth
Market-exclusive
Wealth Ultra
\u00a0<\/p>\n
The market-exclusive Flexi Continuation Option takes
Mr. Kevin Chor, Chief Life and Health Insurance
\u00a0<\/p>\n
For more information on Wealth Ultra Savings Plan
The above is for reference only. For details of the
\u00a0<\/p>\n [1]<\/sup> Total cash value
[2]<\/sup> The total IRR is rounded to the nearest percentage. Please refer to the
\nOutReach<\/a>\u00a0– 8 February 2021 –\u00a0AXA Hong
\nKong and Macau today
\nannounced the launch of “Wealth Ultra Savings Plan (2-year Pay)”(“Wealth Ultra
\n(2-year Pay)”), a participating life insurance plan with a short premium
\npayment term of two years. Customers can enjoy sustainable wealth growth with an
\nannual premium as low as USD10,000. If customers choose to pay the 2-year basic
\nplan premium
\nin
\none go, they can also enjoy a 4% p.a. guaranteed
\ninterest rate on the prepaid premium. Key features of Wealth Ultra (2-year Pay) include:<\/p>\n
\n
<\/p>\n\n
\nlock-in rate<\/li>\n
\nOption to support both life protection and legacy planning<\/span><\/li>\n
\nto pass on wealth across generations<\/li>\n<\/ul>\n
\n
\n
\n
<\/p>\n
\n(2-year Pay)”is a limited-time offer, available on a first-come-first-served
\nbasis.<\/p>\n
\n
\n
\n
<\/p>\n
\nentry fee, projected total cash value doubles every 10 years<\/b><\/p>\n
\nUltra (2-year pay) offers a premium payment term of just 2 years and an annual
\npremium as low as USD10,000, allowing customers to enjoy all benefits of the
\nplan without the burden of a long-term financial commitment. Premiums are
\nguaranteed to remain unchanged throughout the 2-year period. \u00a0If customers choose to pay the 2-year premium in
\nfull at the time of application, they can enjoy up to 4% p.a. guaranteed interest rate on
\nthe prepaid premium, generating attractive additional returns in the current
\nlow interest rate environment.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n(2-year pay) also provides two types of non-guaranteed bonuses — the reversionary
\nbonus and the terminal bonus. Starting from the 6th<\/sup> policy year, the
\ntotal cash value[1]<\/sup> is projected to double every 10 years
\non average; and from the 82nd<\/sup> policy year, the total Internal Rate
\nof Return (IRR) for each policy year is expected to exceed 7%[2]<\/sup>.<\/p>\n
\n
\n
\n
<\/p>\n
\nfeature 1: \u00a0<\/b>No aggregate limit for bonus lock-in rate to best capture
\nmarket<\/b> returns<\/b> <\/b>
\n
<\/p>\n
\nUltra (2-year pay) Bonus Lock-in Option allows customers to transfer the reversionary
\nbonus and terminal bonus to the bonus lock-in account, without partially
\nsurrendering their policies. They can thus turn the non-guaranteed bonus into
\nguaranteed and earn up to 4% p.a. interest[3]<\/sup> from it, avoiding potential
\nchanges to the returns posed by market fluctuations and accelerating their wealth
\naccumulation. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nUltra (2-year pay) is particularly unique in the market as it offers no
\nlifetime aggregate limit for the lock-in rate. Customers can pass on the policy
\nto future generations without having to worry about exhausting the lock-in
\nrate. The plan also provides flexibility for customers to withdraw part or all
\nof the value from the bonus lock-in account anytime according to their needs.<\/p>\n
\n
\n
\n
<\/p>\n
\nfeature 2:\u00a0 Flexi <\/b>C<\/b>ontinuation <\/b>O<\/b>ption to support both life
\nprotection and legacy planning <\/b><\/p>\n
\n
<\/p>\n
\n(2-year pay) allows changing the
\ninsured for an unlimited number of times without affecting the policy value. The
\ninsured period can be updated to age 138 of the latest insured, enabling
\npassing on wealth across generations. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\ncare of both the life protection and legacy planning needs of customers. They
\ncan designate a contingent insured in advance, so in the unfortunate event that
\nthe initial insured passed away, the designated contingent insured will become
\nthe new insured, and the pre-assigned portion of the policy value will be
\npassed on accordingly for wealth accumulation; and the remaining portion will
\nbe payable to the designated beneficiaries in the form of compassionate benefit
\nfor immediate financial support.<\/p>\n
\n
\n
\n
<\/p>\n
\nOfficer, AXA Hong Kong and Macau<\/b>, said, “Last year we launched Wealth Ultra Savings Plan and
\nreceived very positive feedback and a number of awards. COVID has affected the
\nglobal market environment, disrupting the wealth management plans of many. We
\nunderstand that customers are hoping to achieve long-term financial growth with
\nshort-term commitments, therefore we launch Wealth Ultra Savings Plan (2-year
\npay) this year, providing them with competitive returns without requiring a
\nlong-term payment. The plan comes with a Bonus Lock-in Option which enables customers
\nto capture market returns and not be affected by market volatility. Together
\nwith the unlimited times for changing the insured and Flexi Continuation Option,
\ncustomers can enjoy the benefits of protection and cross-generation wealth accumulation
\nall at the same time.” <\/p>\n
\n
<\/p>\n
\n
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\n(2-year pay) , please visit: www.axa.com.hk<\/a><\/p>\n
\n
<\/p>\n
\nproduct, including terms and conditions, please refer to the product brochure. <\/p>\n
\n
<\/p>\n
\n
\nis the sum of guaranteed cash value, non-guaranteed cash value of reversionary
\nbonus and non-guaranteed cash value of terminal bonus.<\/p>\n<\/div>\n
\nrelevant product brochure for detailed assumptions and conditions.<\/p>\n<\/div>\n