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Introduction
Term Life Insurance is actually the simpler form of Life Insurance Product in Hong Kong. Essentially, a Term Life Insurance plan will only provide coverage against your risk of death during a specific time frame, also known as the policy’s “term.” Term Life Insurance plans offer financial security for you and your family in the short-term or throughout your life, should the unforeseen happen. It is the cheapest form of insurance as there is no cash value, simplistically if you keep paying your premiums the coverage remains in place.
Things to consider
– You are looking for a pure life protection insurance solution without savings or cash return.
– You wish to have protection within a fixed period with option on sum insured and policy term suitable for you.
– You are looking for a solution that provides life protection at more affordable premium.
– Financial Protection for Life or a Specified Term
– Guaranteed Payout for Death
– Guaranteed Payout for Permanent Disability
– Optional Guaranteed Payout for Critical Illness
Click the link for information on Whole Of Life Insurance
Summary
Life policies require payment of a regular premium and offer coverage in the instance of death, permanent disability or critical illness. Basic life insurance products do not accumulate a cash value, and provide lump sum payments to a named beneficiary.
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Additional Information Resources
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