CTF Life has introduced the MyWealth Beyond Savings Insurance Plan, a comprehensive wealth management solution offering long-term accumulation potential with flexible options. The plan provides both single-premium and regular-premium payment structures, boasting an expected internal rate of return (IRR) of up to 6.5% by the 20th policy year for single-premium USD policies, which is touted as the highest in the Hong Kong market.
The MyWealth plan includes a unique 'Wealth Accumulation Switching Option' that allows policyholders to adjust their investment strategy among three options—Advance, Balanced, and Conservative—based on their financial goals. Additionally, the plan offers a 'Currency Switching Option' that enables policyholders to change the policy currency without needing proof of insurability, and a 'Policy Split Option' to allocate parts of the policy into separate policies.
CTF Life emphasizes its strong financial health, maintaining a non-guaranteed accumulation interest rate of 4.25% per annum on participating USD policies for 14 consecutive years. The company also reports a solvency ratio of 282% under the Hong Kong Risk-Based Capital regime, significantly surpassing the regulatory requirement of 100%.
Additional features of the plan include flexible withdrawal arrangements, a premium holiday for up to eight years if the policyholder is diagnosed with a specified illness, and various settlement options for death benefits. Customers can also take advantage of a premium discount of up to 24% if they apply within the designated period.
The MyWealth Beyond Savings Insurance Plan reflects CTF Life's commitment to providing market-leading wealth accumulation potential and innovative legacy planning features, aiming to empower customers to manage their wealth with confidence throughout their lives.
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