Axa Hong Kong has introduced its Wealth Advance Savings Series II life plan to the special administrative region.
It features a classic and ultimate version to increase long-term growth potential on savings for customers by providing a reversionary bonus, a sum added to the amount of an insurance policy payable at the maturation of the policy or the death of the person insured, and a terminal bonus.
“In the face of all kinds of variables in life, the needs of the public for wealth accumulation and retirement preparation are of more importance than ever,” said Kevin Chor, chief life product and proposition officer of Axa Hong Kong and Macau.
“The Wealth Advance Savings Series II provides considerable long-term growth potential on savings and brings wealth to the next level.”
What are the features?
After the end of the first policy year, customers can change the insured of the policy, enabling clients to manage their wealth.
In order to pass on the legacy to future generations, changing the insured will not affect the policy values and the benefit period will be changed to up to age 100 of the most recent life insured.
The customer can change the insured person up to three times, allowing the wealth to be passed on to future generations.
Other features of ‘Wealth Advance Savings Series II’ include:
- Potential return on savings with reversionary bonus and terminal bonus after the policy has been in force for three years;
- Short premium payment term of five or 10 years with a fixed premium during the payment term;
- Provides life protection; and,
- A range of optional extra protection available, including critical illness, medical, accident and disability protection.
