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EarlyIncome Annuity Plan
Information
What is EarlyIncome Annuity Plan?
The EarlyIncome Annuity Plan ("the Plan") provides you with a regular monthly annuity payment during the annuity period to plan for retirement.
Features
Choose an accumulation period of 1 year or 3 years and you could enjoy monthly payments over an annuity period of 20 years or up to age 99, depending on the plan that you have chosen
Choose how you would like to receive your monthly annuity payment, either in cash on monthly basis or leave all monthly annuity payments with us to earn interest until the end of the annuity period
Fund your plan only in the first three years by paying the premium monthly, annually or in a lump sum as a single payment*
Enjoy life cover and extra protection against accidental death, terminal illness and unemployment during the policy term
Approval is guaranteed and no health questions will be asked#
Persons aged between 50 and 75 are eligible to apply
Notes:
* If you surrender the policy at anytime during the policy term, the balance of the single payment will be paid subject to a surrender charge to be determined at the insurance company's discretion from time to time.
# The life insured is required to complete simple health questions if the total premium of all your pending applications and inforce policies of EarlyIncome Annuity Plan is more than the 'guaranteed approval' limit of HK$6,000,000/US$750,000. We reserve the right to accept or reject any applications for the plan based on the information provided by the life insured during application.
- All ages mentioned refer to the age of the life insured at the next birthday.
- EarlyIncome Annuity Plan is underwritten by HSBC Life (International) Limited ("HSBC Life"), HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. HSBC Life is authorised and regulated by the Autoridade Monetaria de Macau to carry on life insurance business in the Macau SAR. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life.
