Sun Life Hong Kong has upgraded its flagship savings insurance products - SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II - with enhanced legacy planning and policy flexibility features.
Key upgrades include a flexible Death Benefit Settlement Option, allowing customised payouts tied to life events, and a Continuation Option that transitions policies to new owners and insured parties upon the original insured’s death.
The plans also introduce a rare multiple Contingent and Interim Policy Owner Arrangement to support intergenerational wealth transfer.
Additional enhancements include early value lock-in from the fifth policy year, whole life protection, extended incapacity and waiver of premium coverage, and academic achievement awards for Stellar plan policyholders.
Ms Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong, said, “At Sun Life, we’re committed to putting our clients at the centre of everything we do. We understand their evolving needs in wealth accumulation and legacy planning for both the present and the future.
“The innovative and flexible design of the SunJoy Global and SunGift Global series, along with the Stellar Multi-Currency Insurance Plan, plays a pivotal role in helping Clients shape their wealth legacy and meet increasingly diverse needs.
“These three upgraded savings insurance plans are equipped with brand-new wealth legacy features, empowering clients to achieve their financial goals while offering unparalleled flexibility in passing on their wealth to future generations.
“Moving forward, we will continue to drive product innovation, offering pioneering protection and wealth planning solutions to help the public achieve lifetime financial security.”