Foresight Deferred Annuity Plan

*The following terms and conditions apply to the offers (“Offers”). By participating in the Offers, the participants understand and expressly agree to be bound by these terms and conditions:

• The Offers are only available during the respective offer periods stated above. Participation outside the offer periods is not eligible.
• The employees and agents of Sun Life are eligible to participate.
• Participants need to complete all aforementioned steps in order to participate.
• No transfer, assignment, cash redemption or substitution by participants is permitted. Sun Life, may at its sole discretion, reserves the right to substitute the e-coupon (or part of the e-coupon) with an alternative gift with the equal monetary value and/or specification.
• Sun Life is not the supplier of the e-coupon. Any enquiry or complaint for the quality related to the e-coupon or service provided should be directed to the relevant service provider or other third parties. Sun Life shall assume no liability in respect thereof. The service provider is solely responsible for all service offered to participants.
• The use of the e-coupon shall be subject to the terms of conditions of the e-coupon / service provider.
• If for any reason the Offers are not capable of running as planned, due to an event of force majeure or any other cause outside Sun Life reasonable control, Sun Life reserves the right, at its sole discretion, to cancel, terminate, modify, or suspend the Offers without prior notice.
• E-coupons will be given out in a first-come-first-serve basis, while stocks last.
• Participants will be contacted by email or SMS within two weeks.
• Sun Life reserves the right to amend the above terms and conditions without prior notice. In case of any dispute arising from this Campaign, the decision of Sun Life shall be final and conclusive.

1. In this webpage, “you” refers to the Policy Owner of this plan and “Policy Owner” refers to the person named as Policy Owner in your Policy Summary. For the purpose of this plan and its related documents, Policy Owner shall also be the insured as well as the annuitant who receives the annuity payment.
2. HKD60,000 is the maximum tax deduction limit per taxpayer each year of assessment. It is an aggregate limit for qualifying annuity premiums  and tax deductible MPF voluntary contributions. Tax deduction under salaries tax and personal assessment from premiums paid under this plan is subject to the prevailing tax law of Hong Kong and your individual circumstances. Please refer to “Tax Implication of QDAP” section of the product brochure for details of key risk factors.
3. Prepayment service is not allowed under this plan
4. Annuity Start Age and Annuity Period cannot be changed once the policy is issued.
5. The Non-guaranteed Monthly Annuity Payment is determined and payable based on the accumulated Reversionary Bonus. The Non-guaranteed Monthly Annuity Payment as well as the Reversionary Bonus are non-guaranteed and are subject to change from time to time at the sole discretion of Sun Life Hong Kong Limited. They may vary based on the performance of a number of experience factors, with the investment return normally being the main determinant. Other factors include, but are not limited to, claim experience, policy expenses, taxes, and Policy Owner termination experience. If there is any change to Reversionary Bonus and Non-guaranteed Monthly Annuity Payment, total IRR will be affected. Under this plan, withdrawal of any cash value of accumulated Reversionary Bonus is only allowed after the end of premium payment term. After the end of premium payment term, such withdrawal will decrease the face value and cash value of the accumulated Reversionary Bonus, and the future Non-guaranteed Monthly Annuity Payment.
6. Simplified underwriting will be required if the total premium paid per insured’s life is more than USD2,000,000. Full underwriting will be required if the insured attaches rider benefit(s) to this policy. The application process is subject to the then current administrative rules.
7. The Death Benefit Settlement Option may be exercised subject to a minimum amount of Death Benefit and the minimum amount is determined by Sun Life from time to time.