The world is always changing... your standard of living and your financial status, as well as your financial goals, all keep changing from time to time. So why is it that the traditional whole life insurance plan remains carved in stone, denying you the freedom to make changes?
China Construction Bank (Asia) proudly presents MassMutual Asia Ltd.'s FLEXI-ULife Insurance Plan --- a universal life insurance plan that keeps pace with you. Doing away with the limitations imposed by traditional whole life insurance, FLEXI-ULife offers you a tailor-made plan with more flexibility and even better choices to meet your ever-changing needs.
Your Flexible Tailor-made Plan
The sum insured, premium amount, and even payment periods can be adjusted at any time so as to accommodate changes in your circumstances.
Flexible Coverage
Breaking the fixed-sum-insured rule of traditional life insurance, you can now simply adjust the original FLEXI-ULife policy to increase your coverage without applying for a new policy, thus saving additional policy fee. Most importantly, the premium rate for any new coverage will be based on your age when your policy was first issued instead of your current age, thus saving additional premiums. And, if necessary, you can reduce the sum insured as you wish.
Exclusive Premium Flexibility
Unlike traditional plan with fixed premium and payment period terms, FLEXI-ULife allows you reduce the premium amount or even skip payments to cope with any financial emergencies, without any loan interest required, provided that your policy has accumulated a cash value. Most importantly, you still enjoy 100% protection. And, of course, you can at any time put in extra premiums for savings and for extra interest.
More Protection Options
FLEXI-ULife provides you with three life protection options: Level Benefit, Increasing Benefit and Incremental Benefit, to match both your protection and savings needs. Most importantly, you can switch the benefit option to better suit your circumstances at different points in time.
Faster Growth with Higher Returns
Combining protection and savings, FLEXI-ULife helps your savings grow with a
relatively higher return rate than most bank deposits and even endowment plans.
These higher returns and the faster growth help you achieve your savings goals much faster.
Extra Bonus at Compound Rates
Unlike traditional plans that credit dividends once a year, FLEXI-ULife credits interest monthly at a compound rate that helps your savings grow much faster. In addition, you will be offered "Extra Interest Bonus" at a pre-defined schedule to help you stretch your dollars as never before.
Guaranteed Interest Rate
To give you further security, FLEXI-ULife offers you a guaranteed interest rate. The policy value is guaranteed to have accumulated to at least an amount as if the interest rate credited had been 4% p.a.1
Cash Withdrawal to Cover Emergencies
FLEXI-ULife allows you to withdraw cash from the cash value of the policy at any time to cope with emergencies.
Unemployment Protection
In extending its coverage, FLEXI-ULife offers valuable "Unemployment Protection". Should the policyowner be made redundant, there is an option which allows suspension of premium payments for 12 months. During this entire period, you will remain fully covered by the insurance.
For inquiries, please call our Bank By Phone at 2903 8388 or visit any of our Branches.
Remarks:
- The "guaranteed interest rate" is only applicable to a policy that has been in force for 15 years or more.
The above contains general information only. For full details, please refer to policy document. China Construction Bank (Asia) is an appointed insurance agent of MassMutual Asia Ltd. (ˇ§MassMutual Asiaˇ¨). This plan is underwritten by MassMutual Asia, an authorized insurer approved by the Office of the Commissioner of Insurance of Hong Kong."
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