“IncomePro” Annuity Plan

Various Options of Premium Payment Period, Accumulation Period and Income Period¹

"IncomePro" Annuity Plan can fit easily into your retirement plan with its many options of Premium Payment Period (5, 9 and 12 years), Accumulation Period and Income Period. The Income Period begins immediately when the Accumulation Period is over. You can receive Guaranteed Monthly Income¹ and Non-guaranteed Monthly Income¹ (if any) up to age 100, or until the end of an Income Period of your own choice. Guaranteed Monthly Income¹ will not be affected by market volatility, allowing you to stretch out and find your potential in the retired life as planned. In times of financial abundance, you may keep Monthly Income¹ in your policy to accumulate interest¹.

Flexibility to Change Your Accumulation Period and/or Income Period²

You might want to change your retirement planning at different stages of life. "IncomePro" Annuity Plan allows you to plan your retired life with high flexibility. Starting from the 3^rd Policy Anniversary, you may choose to advance or delay the payment of annuity², or to prolong or shorten the Income Period² according to your needs. This flexibility lets you have 100% control of your retirement life.

Guaranteed Cash Value, Annual Dividend³, Special Bonus³ and Terminal Dividend³

In addition to the Guaranteed Cash Value, "IncomePro" Annuity Plan offers Annual Dividend³, Special Bonus³ and Terminal Dividend³. Annual Dividend³ will be distributed annually from the 1^st Policy Anniversary until the end of the Accumulation Period. Special Bonus³ (if any), up to 6 months of Monthly Income¹, will be paid upon the end of the Accumulation Period. We will also provide a lump-sum of Terminal Dividend³ (if any) upon policy termination or policy maturity to further boost your wealth.

Inflation Protector Option⁴

The future living expenses is difficult to anticipate. With the Inflation Protector Option⁴ offered specially during the Premium Payment Period, the premium of the basic plan will be automatically increased by 5% of the initial premium at each Policy Anniversary during the Premium Payment Period without evidence of insurability. This option guards you against inflation by increasing your Monthly Income¹, which serves as a retirement safety net.

Premium Holiday⁵

This plan offers Premium Holiday⁵ up to 2 years to provide you with the flexibility to deal with unexpected events or short-term needs. You can apply for a Premium Holiday⁵ starting from the 3^rd Policy Anniversary. The premium payment of the next Policy Anniversary will be suspended, and you do not need to worry about the immediate termination of the policy.

1. Monthly Income includes the Guaranteed Monthly Income and Non-guaranteed Monthly Income (if any). Monthly Income will be payable upon completion of each policy month after the commencement of the Income Period until the end of the Income Period. You may choose to leave the Monthly Income in the Policy and accumulated with current interest rate of 4.25% (non-guaranteed). Non-guaranteed Monthly Income can be adjusted on each Policy Monthly Anniversary and the actual amount during the Income Period might vary. The amount of Non-guaranteed Monthly Income will be determined based on the actual experiences and forecasts under the basic plan of the policy (including but not limited to investment returns, claims and policy renewal experience).
2. The period being changed should match any of the pre-set options of the plan, and no application of such change will be accepted after the commencement of Income Period. Application to change the Accumulation Period and/or Income period is subject to the prevailing administrative rules of the Company.
3. Annual Dividend, Special Bonus, Terminal Dividend and interest earned from the accumulated Annual Dividends and Special Bonus are all non-guaranteed. Terminal Dividend will be declared starting from the 1st Policy Anniversary and will be paid upon policy termination or maturity (whichever is earlier). Annual Dividend will be distributed after this policy has been in force for a minimum of 1 policy year and provided that all premiums due have been paid up to each relevant policy anniversary until the end of the Accumulation Period. Special Bonus will be paid at the end of the Accumulation Period. The amount of Special Bonus will be equal to 3 times of Monthly Income (for Accumulation Period from 10-19 years) or 6 times of Monthly Income (for Accumulation Period of 20 years or above). During the Income Period, Terminal Dividend and Cash Account may decrease over time after the commencement of Income Period as the Non-guaranteed Monthly Income will be withdrawn from Terminal Dividend and Cash Account. The distribution and the amount of the Annual Dividend, Special Bonus and the actual amount are all at the sole discretion of the Company. The amount of Terminal Dividend in each declaration may be greater or lesser than the previous amount based on a number of factors, including but not limited to investment returns and general market volatility. Please refer to the policy provisions for details of dividends.
4. Inflation Protector Option is not applicable to policies with premium prepayment. After each premium increment, the Guaranteed Cash Value, Monthly Income, Terminal Dividend and future Annual Dividend and Special Bonus to be distributed will then be adjusted accordingly. You can request to cancel this option or choose not to pay the additional premium due to indexation. If you do not fully pay the additional premium due to indexation, the policy will still be inforce, but the Inflation Protector Option of that policy year will be terminated.
5. Premium Holiday is not applicable to policies with premium prepayment, or policy loan or automatic premium loan. The length of Premium Holiday for each application should be in annual unit until it reaches up to 2 years. Premium Holiday is only applicable to the basic plan and will be effective from the next Policy Anniversary, however, any rider(s) attached to this basic plan will be terminated at the same time. Rider(s) attached to this baisc plan can be re-attached after Premium Holiday. However, it may subject to our approval and the premium rate at the time of such request. During the Premium Holiday, you are not required to pay the basic plan premium, and the Guaranteed Monthly Income and Guaranteed Cash Value will remain unchanged, but Terminal Dividend and Special Bonus are non-guaranteed. During the Premium Holiday, we will not pay any Annual Dividend, however, the accumulated Annual Dividend and interest (if any) will be accumulated for interest. The Special Bonus will also be adjusted accordingly. Monthly Income Payment Commencement Date, Plan End Date, premium due date and Premium End Date will be deferred by the length of the Premium Holiday. Please refer to the policy provisions for details of Premium Holiday.
6. The above product information does not contain the full terms of the plan and the full terms can be found in the policy document.
7. This plan may be purchased as a standalone plan without bundling with other type(s) of insurance product.