Generations II


Without limiting the protection period, Generations II offers you a true lifelong protection and an option for legacy planning that tailors your financial situation. It also provides a comprehensive business protection that helps to mitigate financial impact of loss of key person(s) in your company during the unfortunate events to help in business continuity.


  1. Offers 3 types of premium payment terms: single pay, 5 years and 10 years for lifelong protection
  2. Help you to grow your wealth with 2 types of non-guaranteed bonuses: Reversionary Bonus1 and one-time Terminal Bonus1
  3. With 6 underwriting classes, you will be rewarded with a lower premium if you lead a healthier lifestyle
  4. Offers 3 flexible Death Benefit Settlement Options2 for your family should the worst happen
  5. Emergency relief anytime, anywhere with our free Worldwide Emergency Assistance Benefit3

Generations II offers 2 plans:

Generations II - 70 prepares you a balance of life protection and savings along your evolving needs in your life. We understand you might need more protection in your early stage for achieving life goals at affordable price, starting from the age of 70 or the 20th policy anniversary (whichever is later), the guaranteed portion of Death Benefit will decrease from 100% of Sum Assured by 3% every year for 10 consecutive years to 70% of Sum Assured, and it will be remained at 70% of Sum Assured till the end of your policy.


Case Study

Mr. A lives a comfortable life, providing for himself and his elderly parents. Always the one to plan ahead, he wants to have security for the future, in case of any unexpected needs or expenses. He chooses Generations II - 70 with 10 years premium payment term for further peace of mind against unpredictable changes.

Mr. A surrenders his policy at age 85

Mr. A passes away at age 85

The above diagram is for illustrative purpose only, please refer to product brochure and sample policy document for details.

Generations II - 100 guarantees a Death Benefit at 100% of Sum Assured for the whole life. It helps you safeguard those who are the most important to you. Enjoy complete life protection throughout the policy, so you and your family can live life carefree. 


Case Study

With a spouse and 2 children depending on him, Mr. B knows that he needs to ensure they are protected against life’s uncertainties. He chooses Generations II - 100 for the comprehensive life protection the plan offers, as well as for financial peace of mind.

Mr. B surrenders his policy at age 85

Mr. B passes away at age 85

The above diagram is for illustrative purpose only, please refer to product brochure and sample policy document for details.

  1. The Reversionary Bonus and Terminal Bonus are non-guaranteed and are determined in accordance with the rules set out by Sun Life Hong Kong Limited (“Sun Life”) from time to time. The Reversionary Bonus and Terminal Bonus 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. And the cash value of Reversionary Bonus and Terminal Bonus might not be equal to their own face value.
  2. The Death Benefit Settlement Option may be exercised subject to a minimum amount of Death Benefit and the then current administrative rules determined by Sun Life from time to time. 
  3. The Worldwide Emergency Assistance Benefit is provided by a third party company, Inter Partner Assistance Hong Kong Limited. The benefit is not guaranteed to be renewable. Please refer to a sample endorsement, which will be provided upon request, for details including definitions, full terms and conditions, and exclusions.
  4. The total premiums paid excludes any extra premium paid.  
  5. For details of guaranteed portion of Death Benefit, please refer to corresponding Applicable Percentage of Sum Assured under Key Product Information of Generations II Product Brochure.
  6. The single premium paid excludes any extra premium paid.

The above information is a product summary only, please contact your Advisor for details. Please refer to the product brochure and sample Policy Document for details including definitions, full terms and conditions and exclusions including product risks. If there is any conflict between the Policy Document and this product summary, the Policy Document shall prevail.



The below disclosure applies to the bonuses of Generations II illustrated in Product Brochure and Proposal:


The projection of illustrated bonuses is dependent on current and ultimate investment yields.  The ultimate investment yields make reference to ultimate interest rate assumptions with an additional margin of prudence adopted by the Company. These assumptions are influenced by actuarial guidance on ultimate risk-free interest rates published by the Canadian Institute of Actuaries, amongst other factors.  The actuarial guidance as of July 3, 2019 suggests ultimate risk-free interest rates between 3.5% to 5.5%.


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