What are your dreams for retirement?
Are you ready for your dream retirement? Assuming your monthly spending at retirement is HK$20,000 :
MY Lifetime Immediate Annuity1 offers you guaranteed lifetime annuity income with a single premium, even if you live up to age 100 or even longer. What’s more, the plan offers you a full range of annuity options to cope with your individual needs.
Advantages of the Plan
Guaranteed Lifetime Immediate Annuity Income
The monthly annuity will be paid immediately and directly into your designated bank account in the month following the date the policy becomes effective, as if you will continue to receive your monthly salary for the rest of your life.
Guaranteed
Annuity Rate
The plan locks in an annuity rate of about 5% - 7% p.a.2 for your lifetime annuity income.
Example (US$)
Mr. Chan, aged 60, takes out a MY Lifetime Immediate Annuity with a single premium of US$500,000. Immediately following the month in which the policy becomes effective, Mr.Chan can enjoy a monthly fixed annuity of some US$2,310 (equal to US$27,720 p.a.) gauaranteed for life, at the annuity rate of 5.54% p.a.2
The above annuity payment amounts are based on a male taking out a lifetime fixed-income annuity option of a MY Lifetime Immediate Annuity plan with the annuity rate that is applicable on July 9, 2018. The above annuity payment amounts and annuity rates are for reference only.
3 Annuity Options to Suit your Retirement Needs
Guaranteed Refund of 125% Premium
No matter which Annuity Option is selected, if the total Annuity Income amount received by the Insured (and his/her spouse, if applicable) is less than 125% of total premiums paid when the annuitant(s) pass(es) away, the beneficiary will continue to receive the annuity until the balance has been fully paid
1 An Immediate Annuity is a contract by which an insurance company will pay a regular annuity payment (e.g. on a monthly basis) to its annuitants for life in exchange for a single premium. The regular annuity payment represents a portion of the single premium and an investment return on the single premium.
2 The annuity rate stated in this brochure is for reference only and not guaranteed. The actual annuity rate offered to the applicant may be higher or lower and will be based on the annuity rate applicable at the time of policy issue. Upon policy issue, the actual annuity rate will be fixed and guaranteed for life.
3 Covered Critical Illnesses include Cancer, Heart Attack, Kidney Failure, Stroke and having Coronary Artery Bypass Surgery. All pre-existing conditions and presented signs and symptoms occurring before the Effective Date of Coverage, and any diseases or illnesses occurring within 60 days after the Effective Date of Coverage, will be excluded. While the policy is in force, the doubled annuity will be made to the Insured, subject to a maximun of 60 months.
The information above is for reference only. Please refer to the policy document for benefit coverage and exact terms and conditions. For enquiries, please contact our consultants, franchised agents or brokers, or call our Customer Service Hotline: Hong Kong (852) 2533 5555, Macau (853) 2832 2622.