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Introduction
Another life insurance plan available in Hong Kong is known as a “Whole Of Life” life insurance plan, and as the name suggests this type of plan will cover you for the entirety of your life, providing a settlement to your beneficiaries should you die. Whilst the premium is typically more expensive than term insurance, over the long term it is actually cheaper as the cash element ensures some money will always be returned either to yourself or your beneficiaries
Things to consider
– You are looking for a comprehensive insurance plan which includes a whole of life protection with savings element or cash return.
– You wish to provide your family financial support even if you are predeceased.
– You are looking for guaranteed protection to age.
Click the link for information on Term Life Insurance
Summary
Whole of life is often more expensive than a Term Life insurance policy, a whole of life plan ensures that no matter when you die your family will have the support they need. Additionally, another big benefit of a Whole of Life insurance policy is the ability to “cash out” the plan and take back the policy’s cash value to use for planning your future finances.
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Additional Information Resources
Additional information resources are available by clicking on the links below:
You can also view information related to your particular stage of life: