“Value Plus” Insurance Plan

The guaranteed returns and breakeven period of "Value Plus” (attached with Value Enhance Option¹) are more superior to those of "Value Plus", with guaranteed breakeven period as short as 5 years³

If you enroll in “Value Plus” (attached with Value Enhance Option¹) and prepay the total premium² upon policy issuance, by comparing same amount of Unit, the guaranteed value of policy for the whole coverage period will be higher than that of "Value Plus", while the guaranteed breakeven period will even be 10 years^* earlier than that of "Value Plus". “Value Plus” (attached with Value Enhance Option¹) could reach guarantee breakeven efficiency³ as short as 5 years. For more details, please refer to the Product Brochure.

^*Assume the comparison is based on premium paid in annual payment mode.

Policy Split Option⁴ planning assets with flexibility

At the end of the 5^th policy year and while the policy is in effect, you may split the existing policy into two, which means the units of the basic plan under the existing policy will be partially allocated to a separate policy (the “Split Policy”). After the Policy Split Option has been exercised, the basic plan of the existing policy will remain in force and the policy effective date will remain unchanged. Upon the date of split, other policy information and instructions under the Split Policy will be the same as the basic plan of the existing policy except unit, Total Premiums Paid¹⁴ and the policy’s surrender value / Death Benefit⁸. After Split, you can change other policy options/instructions at anytime. You can exercise Policy Split Option⁴ once per policy year. Policy Split Option⁴ is also applicable to the Split Policy, maximizing the power of assets allocation.

Unlimited changes of Insured⁵ and cover until new Insured up to age 128, pass on wealth to your next generations infinitely

After the 1^st Policy Anniversary and while the policy is in force, you may change the Insured for unlimited times⁵. The coverage period will be adjusted to age 128 of the new Insured (“Changed New Insured”). Value Enhance Option Rider¹ will not be terminated with change of Insured (if applicable). Policy value would have sufficient time for wealth accumulation and can be passed on to the next generations.

Policy Continuation Option (to the Beneficiary)⁶ allows your wealth to be passed on

Apart from unlimited changes of Insured5, the Plan specially provides Policy Continuation Option⁶. While the Insured is alive and the policy is in force, the Owner can assign a Beneficiary. Upon the death of the Insured, the Beneficiary will become the new Owner (if applicable) and new Insured (“Continued New Insured”). Even if the Insured accidentally passes away, the policy can still be passed on to the next generations. The coverage period will also be adjusted to age 128 of the Continued New Insured. Value Enhance Option Rider¹ will not be terminated after exercising the Policy Continuation Option (if applicable).

Terminal Dividend Lock In Options⁷ turns “expectation” into “guarantee”

To protect your wealth against market volatility, you can choose to apply for one of the following Terminal Dividend Lock In Options⁷ to convert and accumulate your terminal dividend¹³ in the form of annual dividends¹³ or withdraw it in times of need. The converted terminal dividend¹³ will become guaranteed and bring you a stable return. Terminal dividend¹³ which has been converted and accumulated into annual dividends¹³ can also earn interest (if applicable).

1. Automatic Lock In Option⁷
   Starting from the 15^th Policy Anniversary or the Policy Anniversary immediately follows the Insured reaches the retirement age selected by you (must be 55 years old or above) whichever is later, we will automatically convert terminal dividend¹³ into annual dividend¹³ on each Policy Anniversary which is equivalent to 8% of Total Premiums Paid¹⁴, until the balance of terminal dividends¹³ falls to 30% of Total Premiums Paid¹⁴ at certain policy year after conversion.
2. Manual Lock In Option⁷
   Starting from the 15^th Policy Anniversary, you can apply to convert part of the terminal dividend¹³ on your choice into annual dividend¹³ on your designated Policy Anniversary (ies). 10% or above of terminal dividend¹³ can be converted each time, up to a total of 60%, while a 3-year or above interval between each conversion is required.

Flexible settlement options for Death Benefit⁸ or full surrender⁹ for your peace of mind

1. Death Benefit Settlement Options⁸
   In the unfortunate event of the death of the Insured while the policy is in force, the Policy Owner can choose from the following Death Benefit Settlement Options flexibly regarding payment of Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) to different Beneficiary(ies) in the unfortunate event of the Insured’s death. It allows each Beneficiary to have the most appropriate arrangement:
   
   
   1. A lump sum payment; or
   2. Regular installment payment⁸ – Monthly, semi-annually or annually over 10, 20 or 30 years; or
   3. Increasing installment payments⁸ – The beneficiary can receive a specified amount of first installment of Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) monthly, semi-annually or annually. Such installments will be increased by 3% each year beginning from the 2^nd year until all Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) and / or accumulated interest¹⁵ (if any) are fully paid; or
   4. A lump sum payment for a specified percentage of the Death Benefit and Additional Accidental Death Benefit10 (if any), such percentage must be equal to or more than 5% of the Death Benefit and Additional Accidental Death Benefit¹⁰ (if any), and the remaining will be paid by regular installment payments⁸.
   For Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) to be paid to the Beneficiary(ies) at regular installment / increasing installment payments, the remaining amount of Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) (after deduction of a lump sum payment of a certain percentage of the Death Benefit and Additional Accidental Death Benefit¹⁰ (if any), if applicable) must be at least USD 50,000. The amount of Death Benefit and Additional Accidental Death Benefit¹⁰ (if any) which is yet to be paid under the Death Benefit Settlement Option can also earn an interest¹⁵ (if any).
2. Full Surrender Settlement Options⁹
   Once the policy has been in force for 5 years, and if the policy owner fully surrenders⁹ the policy, other than a lump sum payment, the policy owner can also choose one of the following options to receive the surrender payment if the surrender payment is at least USD 50,000:
   
   
   1. Payments at regular⁹ – Monthly, semi-annually or annually over 10, 20 or 30 years; or
   2. Increasing payments⁹ – You can specify the first installment of surrender amount to be received monthly, semi-annually or annually. Such installment will be increased by 3% each year beginning from the 2^nd year until all surrender value and / or accumulated interest¹⁵ (if any) are fully paid. The amount of the surrender payment which is yet to be paid can also enjoy an interest¹⁵ (if any).

Additional Accidental Death Benefit¹⁰ for the first 8 years with an amount up to 100% of Total Premiums Paid¹¹ or USD 150,000 per Insured (whichever is lower)

In the unfortunate event of the Insured’s death due to accident within the first 8 policy years, in addition to the Death Benefit, 100% of Total Premiums Paid¹¹ will be paid to the beneficiary, with a minimum benefit of USD 15,000 and maximum amount of USD 150,000 per Insured. This protection is subject to specific exclusions, please refer to the section of “Exclusion” and Policy Provisions of Product Brochure for more details.

Large size discount¹² throughout the whole payment term up to 8% realize your dream at ease

You can enjoy up to 8% Large Size Discount throughout the whole payment term upon reaching designated premium amount¹². This allows you to start your wealth and protection plan easily at lower cost.

Enjoy guaranteed Cash Value upon policy starts

Once you purchase “Value Plus” (attached with Value Enhance Option¹), you can enjoy up to 88%³ of the total premiums for the entire payment period (the sum of guaranteed cash value and balance of prepaid premiums (if any)) as guaranteed value upon policy issuance.

Flexible payment mode to fit your personal target

This Plan provides flexible payment mode. Depending on your own financial plan, you may opt to enroll "Value Plus" and pay the premiums annually, semi-annually or monthly. You may also choose to enrol “Value Plus” (attached with Value Enhance Option¹), boost up the guaranteed cash value and rate of return of the policy through a lump sum prepayment of premiums².

No medical underwriting – hassle-free application

The application process of basic plan is simple, and no medical check-up is required, this allows you to accumulate wealth with ease.

Free worldwide emergency assistance service¹⁶

Once enrolled in this Plan, you will have access to free 24-hour worldwide emergency assistance for immediate support wherever you may be. The maximum benefit (per incident) reaches up to USD 1,000,000, including services of emergency evacuation or repatriation and delivery of mortal remains. For details, please refer to related documents.

1. Value Enhance Option Rider constitutes part of the policy that they complement to. Unless otherwise stated, terms of the basic plan also apply to Value Enhance Option Rider. In the event of discrepancies, terms of Value Enhance Option Rider shall prevail. If the Policy Owner opts to prepay all premium and premium levy of the basic plan of this policy when it is in force, we will enhance the cash value of the basic plan of the policy and demonstrate in the policy specification or relevant endorsement. All prepaid premium and premium levy will be credited to your premium deposit account. Please refer to Supplemental Information to “Value Plus” (attached with Value Enhance Option) from this product brochure and the Policy Provisions for more details regarding the Value Enhance Option Rider.
2. Premium prepayment only applies to “Value Plus” (attached with Value Enhance Option). Prepaid premium and premium levy of the basic plan refer to all premiums payable and premium levy of the basic plan throughout the entire premium payment period which fully prepaid upon policy issuance and will be credited to premium deposit account. Annual premium and premium levy of the basic plan which are due and payable will be deducted from the premium deposit account at the beginning of the relevant policy year. Under "Value Plus" (attached with Value Enhance Option), withdrawal from the premium deposit account is not allowed unless the policy termination or being rescinded. If you fully or partially surrender the policy, we will return the remaining balance in the premium deposit account in proportional to the reduced Unit.
3. Guaranteed value refers to the sum of guaranteed cash value and prepaid premium (if any). Guaranteed breakeven period as short as 5 years and guaranteed value up to 88% of the total premiums for the entire payment period upon policy issuance only applicable to policy of "Value Plus" (attached with Value Enhance Option) with annual premium (before large size discount throughout the whole payment term and any other premium discount (if any)) to USD150,000 or above. Taking another example of "Value Plus" (attached with Value Enhance Option) with an annual premium (before large size discount throughout the whole payment term and any other premium discount (if any)) of USD50,000, guaranteed breakeven period and the guaranteed value upon policy issuance will be 8 years and 87.19% respectively. Guaranteed breakeven period refers to the policy year when the guaranteed value is equal to or greater than the total premiums for the entire payment period for the first time by the end of such policy year.
4. While the policy is in effect and at the end of the 5th policy year, you may exercise Policy Split Option to create a separate policy (the “Split Policy”), allocating a portion of Unit from the basic plan of the Policy to the Split Policy but subject to the following conditions without providing any evidence of insurability but subject to the following conditions: (i) after the Policy Split Option has been exercised (the “Split”), the respective Unit of the basic plan of the Policy and Split Policy must not be less than the minimum Unit amount we permit at the time of your request; (ii) the insured of the Split Policy must be the same as the Insured of the basic plan of the Policy; (iii) no claim is in progress under the basic plan of the Policy upon request exercising this option; (iv) your request for the Policy Split Option cannot be changed or withdrawn once it is submitted; (v) any Indebtedness under the basic plan of the Policy must be fully repaid before we approve your request ; and (vi) Policy Split Option can only be exercised once during a Policy Year. After the Split is approved, (i) the provisions of the Split Policy will be the same as the basic plan of the Policy unless otherwise specified; (ii) the Unit, guaranteed cash value, accumulated annual dividends and interest (if any) and terminal dividends (if any) of the basic plan of the Policy will be reduced and transferred to the Split Policy according to the ratio of the Unit allocated to the basic plan of the Policy and the Split Policy. We will determine the existing and future amounts of Cash Value, annual dividend (if any) and terminal dividend (if any) respectively for both the basic plan of the Policy and the Split Policy according to your allocation of the Units; (iii) the Total Premiums Paid for both the basic plan of the Policy and Split Policy will be adjusted according to your allocation of Units and will be used to calculate Death Benefit and Additional Accidental Death Benefit; (iv) the Beneficiary(ies), Owner, Contingent Owner (if designated), Initial Insured, Insured, Policy Date, Policy Effective Date and Policy Years of the basic plan of the Policy will remain unchanged and the Split Policy will have the same Beneficiary(ies), Owner, Contingent Owner (if designated), Initial Insured, Insured, Policy Date, Policy Effective Date and Policy Years of the basic plan of this Policy; (v) previous instruction(s) made under the basic plan of the Policy including but not limited to Terminal Dividend Lock In Option, Death Benefit Settlement Option and Policy Continuation Option will also apply to the Split Policy unless otherwise specified. Please refers to the Policy Provision for more details of Policy Split Option.
5. Changing the Insured is subject to the prevailing administrative rules and shall not affect the Units, total amount of Cash Value (including guaranteed and non-guaranteed), Policy Date and Policy Year. The maturity date will be changed to the Policy Anniversary on or following the 128th birthday of the Changed New Insured (whichever is applicable). The Changed New Insured must be aged 65 years of age (last birthday) or below and must not be older than the initial Insured by 10 years. The change of Insured must be endorsed by the Policy Owner, proposed new Insured and assignee (if any). Both the new Insured and the current Insured must be alive and the Policy is in force at the time the Insured is changed and with satisfactory proof of evidence of insurability for the proposed new Insured. We shall cease to provide any coverage for the Initial Insured or the prior Insured on our record (when applicable and as the case may be) as from the Insured-Change Effective Date. Value Enhance Option Rider will not be terminated after Change of Insured Option has been exercised. Please refer to the Policy Provisions for details of Changing of Insured Option.
6. Upon the death of Insured, if the Policy Owner (still alive) and the Insured is different person, the Beneficiary will become the Continued New Insured. And upon the death of Insured, if the Policy Owner dies at the same time or the Policy Owner and the Insured is the same person, the Beneficiary will become the new Policy Owner and Continued New Insured of the Policy, subject to the prevailing administrative rules of the Company. After this option has been exercised, all Units, total amount of Cash Value (including guaranteed and non-guaranteed), Policy Date and Policy Year will remain unchanged. Plan End Date of the basic plan of this Policy will be adjusted to the date of Policy Anniversary on or immediately following the 128th birthday of the Continued New Insured (whichever is applicable). The surrender payment may be equal to or lower than Death Benefit before this option has been exercised. If the Death Benefit Settlement Option has already been selected, you shall cancel the Death Benefit Settlement Option arrangement before your submission of any written request for this Policy Continuation Option. Value Enhance Option Rider will not be terminated after Policy Continuation Option has been exercised. Please refer to the Policy Provisions for details of Policy Continuation Option.
7. You can apply changes between “Automatic Lock-in Option” / “Manual Lock-in Option” for unlimited times before exercising the “Terminal Dividend Lock In Options”. Once the option has been exercised, no change can be made. The actual amount of converted terminal dividend through “Manual Lock In Option” will be determined after the application is approved. The amount may be lesser or higher than the amount shown at the time when you submit your application. After the conversion of terminal dividend, your future terminal dividend will be reduced accordingly. All terminal dividend not yet be converted can be higher or lower or reduced to zero. While the “Automatic Lock In Option” is in force, the option will be immediately suspended upon partial surrender, and you have to submit a request to resume “Automatic Lock-in Option”. Please refer to the Policy Provisions for details of Terminal Dividend Lock In Options.
8. If the Policy Owner opts for by payment of a specified percentage of the Death Benefit and Additional Accidental Death Benefit (if any) in a lump sum and the remaining balance by regular installments, the lump sum amount should equal to or greater than 5% of the Death Benefit and Additional Accidental Death Benefit (if any). However, interest on unpaid Death Benefit and Additional Accidental Death Benefit (if any) is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected period. Only lump sum Death Benefit and Additional Accidental Death Benefit (if any) is applicable if an assignment is made. If the beneficiary(ies) die(s) while receiving the Death Benefit and Additional Accidental Death Benefit (if any) payments, the remaining amount will be paid to the beneficiary(ies)’ estate. If no beneficiary(ies) survives upon the death of the Insured yet the Policy Owner is still alive, the Death Benefit and Additional Accidental Death Benefit (if any) will be paid to the Policy Owner in accordance with the Death Benefit settlement option. Policy Owner may also request to receive the Death Benefit and Additional Accidental Death Benefit (if any) in lump sum. If the Policy Owner dies while receiving the Death Benefit payment and Additional Accidental Death Benefit (if any), the remaining Death Benefit and Additional Accidental Death Benefit (if any) will be paid in a lump sum to the Policy Owner’s estate. This benefit is not available for the Policy with Policy Continuation Option being exercised. Please refer to the Policy Provisions for details of Death Benefit Settlement Option.
9. Upon full surrender, the Policy Owner may choose to receive surrender payment in a fixed amount on payments at regular intervals or increasing payments. However, interest on unpaid surrender payment is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected and expected period. If the Policy Owner dies while receiving the surrender payments and/or accumulated interest (if any), the remaining surrender payment and/or accumulated interest (if any) will be paid in lump sum to the Policy Owner’s estate. Please refer to the Policy Provisions for details of Full Surrender.
10. Additional Accidental Death Benefit only covers (i) death of the Insured due to accident occurs in the first 8 Policy Years and the death occurs within 180 calendar days from the date of the accident; and (ii) after we received comprehensive and adequate proof of the accidental death of the Insured. Additional Accidental Death Benefit is 100% of Total Premiums Paid (The minimum amount of Additional Accidental Death Benefit is equal to USD 15,000 per Insured and the maximum amount is equal to USD 150,000 per Insured.) This benefit is not available for the Policy with Policy Continuation Option being exercised. Please refer to the Policy Provisions for details of Additional Accidental Death Benefit.
11. Total Premiums Paid is defined as the total amount of premium(s) due and paid for the basic plan of the Policy or Split Policy (if created pursuant to Policy Split Option provision) up to the date of death of the Insured (pro-rated by the ratio of Units at the time of death of the Insured to the Units at policy issuance, any amount in the Premium Deposit Account (if applicable) does not form part of the Total Premiums Paid).
12. Large Size Discount throughout the whole payment term is only applicable to basic premium of this Plan. Other rider premium (if applicable) will not be entitled to the Large Size Discount throughout the whole payment term. The Large Size Discount throughout the whole payment term is on per Policy basis of this Plan. If customer has applied for more than one Policy of this Plan, all policies could enjoy Large Size Discount throughout the whole payment term. However, the Eligible Annual Mode Premium of the policies will not be aggregated in calculating the Large Size Discount rate throughout the whole payment term.
13. Annual dividend, terminal dividend and interest from accumulated annual dividend are not guaranteed. However, once distributed, the amount of the annual dividend and the accumulated interest will become guaranteed. An annual dividend may be payable at the sole discretion of the Company on each Policy Anniversary after the Policy has been in force for a minimum number of Policy Years to be determined by the Company and provided that all premiums due have been paid up to each relevant Policy Anniversary. The amount of annual dividend will be determined by the Company at its sole discretion. The amount of terminal dividend in each declaration may be greater or less than the previous amount based on a number of factors, including but not limited to investment returns and general market volatility. We will pay out the annual dividend and terminal dividend after deduction of any Indebtedness owing under the Policy or the Split Policy.
14. Total Premiums Paid is defined as the total amount of premium(s) due and paid for the basic plan of the Policy or Split Policy (if established under the terms of policy split option) (pro-rated by the ratio of remaining Units after Partial Surrender to the Units at policy issuance; any amount in the Premium Deposit Account (if applicable) does not form part of the Total Premiums Paid).
15. The current interest rate offered is 2% p.a., but it is not guaranteed.
16. Free Worldwide Emergency Assistance Services are provided by the third party service provider. We reserve the right to change the terms and conditions of “Free Worldwide Emergency Assistance Service” and assumes no responsibility of the services provided by the third party service provider.
17. The minimum annual premium is the annual premiums after Large Size Discount throughout the whole payment term (if applicable) but before any other premium discount (if any).
18. Premium deposit account is a non-interest-bearing account where the premiums and premium levy of the basic plan are deposited in advance when the policy is in force. Any amount in the premium deposit account is for premium and premium levy payment of the basic plan of the policy.
19. Prepayment of the premium and Premium Levy of the basic plan means all premium and Premium Levy of the basic plan payable during the Premium Payment Period which are paid in full in advance at policy issuance and will be deposited into the Premium Deposit Account. The annual premium and Premium Levy of the basic plan due will be deducted from the Premium Deposit Account at the beginning of the respective policy year. Under “Value Plus” (attached with Value Enhance Option), withdrawal from the Premium Deposit Account is not allowed except policy termination or being rescinded. When you surrender in full or Partially Surrender this policy, we will refund the remaining balance in the Premium Deposit Account to you proportionately based on the corresponding reduced Unit. No interest will be credited to the amount kept in the Premium Deposit Account. If there is any remaining balance in the Premium Deposit Account, it will be refunded to you upon policy termination or being rescinded. The value in the Premium Deposit Account will not be paid as a part of benefit to the Beneficiary on the death of the insured, but will be treated as the property or the estate of the Owner.