CTF Life today introduced Sky Leap 88 Savings Insurance Plan (the “Plan”), a thorough wealth management service incorporating wealth build-up, versatile property allowance and intergenerational tradition preparation. Including double 8% improvement benefits ^, the Plan provides clients higher capacity for wealth build-up and worth improvement. By connecting the “Value Enhance Option” 1 and prepaying the standard strategy premium completely, clients can delight in a limited-time first-year premium discount rate of a minimum of 8% and approximately 10% *. The alternative likewise improves the Total Policy Value and reduces both the Guaranteed Breakeven Period and Projected Breakeven Period by one year #, assisting consumers reach breakeven faster.
The Plan likewise integrates a series of unique item functions and policy services, consisting of the special-in-market2 8% “Legacy Compassion Benefit” 3, “Wealth Accumulation Switching Option” 4, “Policy Split Option” 5, “Flexible policy worth withdrawal plans” and “Life Event Option” 6. Together, these item functions and services assist clients collect wealth progressively, handle possession allotment and policy worth withdrawals, and prepare their tradition with higher versatility, making it possible for both wealth and care to be handed down to the next generations.
The Financial Services and the Treasury Bureau kept in mind in the Secretary’s Blog that US$ 83 trillion in personal wealth is anticipated to be moved throughout generations internationally over the next 2 to 3 decades7. As wealth succession today surpasses possession allowance, CTF Life is releasing Sky Leap 88 Savings Insurance Plan to assist clients attend to both wealth build-up and legacy-planning requirements.
Betty Lee, Chief Product Officer of CTF Lifestated: “True tradition exceeds maintaining or handing down wealth. It has to do with delegating the fruits of years of effort and our goals for future generations with self-confidence and care. That vision motivated the production of Sky Leap 88. Backed by CTF Life’s sensible dividend approach and monetary strength, the Plan assists clients balance wealth build-up and conservation while laying a strong structure for developing a well-structured, long-lasting tradition roadmap for the generations to come.”
She continued: “We strongly think a policy shows its real worth by regularly providing on its guarantees. Even in the middle of market volatility, we pursue long-lasting wealth development capacity for consumers through sensible financial investment method, empowering them to pursue their life objectives at every phase with higher self-confidence through our cost savings insurance coverage strategies. Showing this dedication, our 3 signature item series8 have actually accomplished a 100% or more fulfilment ratio for 10 successive years9. We likewise kept a non-guaranteed build-up rate of interest of 4.25% p.a. on taking part USD policies for 14 successive years10. These outcomes show our consistency and dependability in providing on return dedications to clients over the long term and embody our unfaltering dedication to developing worth beyond insurance coverage.”
Secret functions and policy services of the Plan consist of:
1.”Worth Enhance Option“1: By connecting the “Value Enhance Option” 1 and prepaying the standard strategy premium completely beforehand, clients can take pleasure in a limited-time first-year premium discount rate of a minimum of 8% and as much as 10% *. The Guaranteed Cash Value and Total Policy Value will likewise be improved throughout the policy term. Compared to a policy under the routine premium payment mode without the “Value Enhance Option” 1, it reduces both the Guaranteed Breakeven Period and Projected Breakeven Period by one year #, and can accomplish a forecasted internal rate of return of 6.5% by the 20th Policy Year #, assisting consumers reach ensured breakeven earlier.
2.”Wealth Accumulation Switching Option( 4 ): Starting from the 10th policy anniversary, consumers can flexibly select the worth ratio of “Stable Asset Account” 11 through 3 special-in-market2 Switching Options with artisanal style (consisting of “Advance”, “Balanced” and “Conservative”). Consumers can match the choice to their requirements at various life phases, stabilizing wealth build-up chances with sensible property management.
3. Several ingenious tradition preparation services: Customers can utilize the “Policy Split Option” 5 to designate a part of the Units from a standard strategy to a different Split Policy. Integrated with other policy services, consisting of unrestricted modifications of Insured12 with defense duration covering up until the brand-new Insured reaches age 128, and the “Policy Continuation Option” 13 and Policy Custody Value-added Service13, the Plan provides consumers versatility to release and prepare a detailed tradition roadmap.
4. Special-in-market( 2) “Legacy Compassion Benefit”(3): Following each effective workout of the “Policy Continuation Option” 13, a “Legacy Compassion Benefit” 3 will be payable on the next Policy Anniversary falling 3 years after the appropriate policy extension reliable date. The advantage equates to 8% of the Guaranteed Cash Value as at the time the choice is worked out, including additional worth to intergenerational tradition preparation.
5. Versatile policy worth withdrawal plans: Customers can establish one-time or routine withdrawal directions for direct payment to designated payee( s) 14. Beginning with the 2nd policy anniversary, they can withdraw approximately 6% of the Total Premiums Paid each year15 till policy maturity, providing a versatile capital to fulfill varied requirements.
6. Versatile settlement alternatives for Death Benefit( 16)/ Full Surrender(17): Customers can select to pay the Death Benefit to recipients through a lump-sum payment, routine instalment payments, increasing instalment payments or specialised payments. As soon as the policy has actually been in force for 5 years, clients who totally give up the policy can get the payment as a lumpsum, or at routine or increasing instalments, customizing tradition and monetary preparation to specific and household requirements.
7.”Life Event Option( 6:-RRB- Customers can integrate the choice with appropriate Death Benefit Settlement Options and predefine lump-sum payments for the Primary Beneficiary( ies) at significant life turning points, such as reaching designated ages, marital relationship, residential or commercial property purchase, medical diagnosis of a significant vital health problem, or other life occasions. CTF Life pays the matching quantity in a swelling amount based upon the portion the Policy Owner predesignates, making defense a thoughtful extension of the Policy Owner’s desires.
8. Premium Waiver(18): If a mishap takes place, CTF Life pays the future premiums of the standard prepare for the consumer, keeping the policy in force while reducing the household’s monetary concern and safeguarding the future of their liked ones.
To support the launch, CTF Life will present an outside ad campaign from late September at popular areas, consisting of Hong Kong International Airport, K11 MUSEA, K11 Art Mall and Tsim Sha Tsui East MTR Station. A branded “Sky Leap 88” advertising lorry will likewise take a trip throughout essential districts on Hong Kong Island and Kowloon for one month, showcasing how the Plan integrates boosted wealth build-up with legacy-planning advantages.
Notes:
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“Dual 8% Enhancement Advantages” describes: (i) by connecting the “Value Enhance Option” one and prepaying the standard strategy premium completely beforehand, you might take pleasure in a limited-time first-year premium discount rate of 8% or 10%, depending upon the yearly premium quantity; and (ii) following each workout of the “Policy Continuation Option” 13, a quantity equivalent to 8% of the Guaranteed Cash Value as at the Policy Continuation Effective Date will be paid on the next Policy Anniversary falling 3 years after the appropriate Policy Continuation Effective Date. Please describe the item sales brochure and the Policy Provisions for information.
*
Consumers who make an application for the Sky Leap 88 Savings Insurance Plan (with “Value Enhance Option”), select the yearly payment mode and prepay all premiums and premium levy of the standard strategy in a swelling amount upon application, and whose application is effectively authorized on or before 26 February 2027 (” Eligible Policy”). The application submission duration is from 21 September 2026 to 31 December 2026 (both dates inclusive). The deal undergoes terms. For information, please describe the marketing brochure: https://www.ctflife.com.hk/pdf/en/sky-leap-88-savings-insurance-plan-premium-offer-flyer.pdf
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The contrast is based upon the yearly premium payment mode, presuming no policy withdrawal or surrender has actually been made, no other policy alternative has actually been worked out, and all premiums due have actually been paid completely on their particular due dates. The Guaranteed Breakeven Period/ Projected Breakeven Period describes the Policy Year in which the Guaranteed Cash Value/ Total Policy Value initially equates to or goes beyond the Total Premiums Paid at the end of that Policy Year. The Total Policy Value is determined based upon the existing assumed financial investment returns and is not ensured.
1
The “Value Enhance Option” will be connected to the policy of the standard strategy as a rider. If the Policy Owner prepays the premium and premium levy of the standard strategy with superior payment in yearly mode completely ahead of time, we will boost the Guaranteed Cash Value and Total Policy Value of the Basic Plan, which will be displayed in the Policy Illustration or the appropriate recommendation schedule. Please describe the policy arrangements for more information of the “Value Enhance Option”.
2
“Special-in-market” is the outcome of comparing comparable significant life insurance coverage cost savings items of significant life insurance coverage business in Hong Kong since 21 September 2026. In regard of the “Legacy Compassion Benefit”, “Special-in-market” describes the function where the advantage quantity is determined based upon the Guaranteed Cash Value as at the reliable date of policy extension and is payable on the next policy anniversary following the 3rd anniversary of the pertinent policy extension reliable date.
3
Upon each workout of the Policy Continuation Option, a Legacy Compassion Benefit will be payable. The advantage quantity amounts to 8% of the particular Guaranteed Cash Value of the Original Policy and/or the Continued Policy (as relevant) instantly after the appropriate Policy Continuation Option has actually been worked out. The advantage will be paid on the next policy anniversary following the 3rd anniversary of the appropriate Policy Continuation Effective Date. Please describe the policy arrangements for more information of the Legacy Compassion Benefit.
4
Wealth Accumulation Switching Options and its portfolio ratio
Changing choice( s)
“Stable Asset Account” allotment
Allotment of the money worth of Reversionary Bonus (if any) and money worth of Terminal Bonus (if any)
Advance
0%
100%
Well balanced
40%
60%
Conservative
80%
20%
“Stable Asset Account Allocation” = the worth of “Stable Asset Account” ÷ (money worth of Reversionary Bonus (if any) + money worth of Terminal Bonus (if any) + worth of Stable Asset Account) x 100%
5
While the policy is in force and the Insured is still alive, after completion of the 5th Policy Year and topic to the dominating guidelines of the Company, you might work out Policy Split Option to produce a different policy (the “Split Policy”), designating a part of Unit from the standard strategy of the policy to the Split Policy without offering any proof of insurability. Please describe the Policy Provisions for more information of Policy Split Option.
6
Please keep in mind that the Death Benefit Settlement Option (consisting of “Life Event Option”) Policy Service comes from other policy services. For the appropriate conditions, please describe the particular service application and “Notification of Policy Service Confirmation”. CTF Life has the sole and outright discretion to authorize or turn down applications for such service. All applications undergo the appropriate conditions, which might be figured out and modified by us from time to time without previous notification.
7