Hong Kong: AXA launches "Wealth Ultra Savings Plan (2-year Pay)"

| 11 Feb 2021

AXA Hong Kong and Macau announced the launch of "Wealth Ultra Savings Plan (2-year Pay)"("Wealth Ultra (2-year Pay)"), a participating life insurance plan with a short premium payment term of two years.

Customers can enjoy sustainable wealth growth with an annual premium as low as USD10,000. If customers choose to pay the 2-year basic plan premium in one go, they can also enjoy a 4% p.a. guaranteed interest rate on the prepaid premium. "Wealth Ultra (2-year Pay)" is a limited-time offer, available on a first-come-first-served basis.

Key features of Wealth Ultra (2-year Pay) include:

  • Market-exclusive feature - Bonus Lock-in Option to lock in gains without an aggregate limit for the lock-in rate
  • Market-exclusive feature - Flexi Continuation Option to support both life protection and legacy planning
  • An unlimited number of times for changing the insured to pass on wealth across generations

Short premium payment term and low entry fee, projected total cash value doubles every 10 years

Wealth Ultra (2-year pay) offers a premium payment term of just 2 years and an annual premium as low as USD10,000, allowing customers to enjoy all benefits of the plan without the burden of a long-term financial commitment. Premiums are guaranteed to remain unchanged throughout the 2-year period.

Customers who choose to pay the 2-year premium in full at the time of application can enjoy up to 4% p.a. guaranteed interest rate on the prepaid premium, generating attractive additional returns in the current low interest rate environment.

Apart from the guaranteed cash value, Wealth Ultra (2-year pay) also provides two types of non-guaranteed bonuses -- the reversionary bonus and the terminal bonus. Starting from the 6th policy year, the total cash value is projected to double every 10 years on average; and from the 82nd policy year, the total Internal Rate of Return (IRR) for each policy year is expected to exceed 7%.

Mr. Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong Kong and Macau, said, "COVID has affected the global market environment, disrupting the wealth management plans of many. We understand that customers are hoping to achieve long-term financial growth with short-term commitments, therefore we launch Wealth Ultra Savings Plan (2-year pay) this year, providing them with competitive returns without requiring a long-term payment."

"The plan comes with a Bonus Lock-in Option which enables customers to capture market returns and not be affected by market volatility. Together with the unlimited times for changing the insured and Flexi Continuation Option, customers can enjoy the benefits of protection and cross-generation wealth accumulation all at the same time," he added.

For more information and in-depth details of the product, visit www.axa.com.hk

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