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Sun Life Hong Kong Limited (“Sun Life” or “the Company”) announced the launch of Vision, a new participating insurance plan. Distributed from the beginning of the second policy year, the plan’s Monthly Coupons1 is a steady source of income to help people support their life in retirement.
Vision is also an effective tool for wealth succession, as it offers up to 120 years of coverage and allows clients to change the insured of their policies to any family member aged 0 to 802, when needed, without restriction on the number of changes or extra costs.
“We’ve seen increased demand for retirement solutions, as people expect to live longer ,” said Betty Lee, Vice President of Product Solutions, Life and Health, Sun Life Hong Kong Limited. “Vision a good solution for clients who wish to secure a carefree retirement and achieve wealth accumulation for future generations. ”
The upper limit of the issue age of Vision is 80, meaning people in their 50s or 60s who are just a few years from retiring can still leverage Vision for retirement planning or wealth succession.
Vision offers a short premium term of two years, and a flexible payment schedule. Clients can choose to pre-pay premiums or pay regular installments based on their financial needs. In addition, clients are guaranteed that their policy will break even by the end of the seventh policy year.
From now until June 30, 2019, clients of Vision can enjoy a one-off premium rebate of up to HK$15,000, upon successful application and paying all future premiums3.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2019, Sun Life had total assets under management of CAD$1,011 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Notes to Editors
This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any products of Sun Life Hong Kong Limited outside Hong Kong. Please refer to a sample Policy Document, which will be provided upon request, for details including definitions and full terms and conditions. If there is any conflict between the Policy Document and this press release, the Policy Document shall prevail.