Well Link Life's Well Save Annual Coupon Plan 2 (the 'Plan') provides life protection, annual guaranteed cash coupon and non-guaranteed dividends to help you accumulate wealth and achieve a prosperous future.
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Product Type:
Basic Plan
Issue Age:
Age 0 (15 days) to Age 70
Premium Payment Term
Single premium / 5 Years
Benefit Term
20 Years
Policy Currency
USD
Minimum Premium Amount
Single Premium - USD 12,500
5-year Annual Premium - Annual Premium USD 2,500
5-year Monthly Premium - Monthly Premium USD 220
Premium Payment Mode
Single / Annual / Monthly
Guaranteed Cash Coupon
While the policy is inforce, Guaranteed Cash Coupon will be payable annually from the 1st Policy Anniversary.
Guaranteed Cash Coupon payable at end of policy year
Single Premium - 2.00% of Single Premium
5-year Annual Premium - 2.00% of total premiums paid
5-year Monthly Premium - 1.89%* of total premiums paid
*The percentage is rounded to 2 decimal places.
You may elect to receive the Guaranteed Cash Coupon by one of the following options:
Option 1: paid in cash
Option 2: leave with the Company for accumulation with interest where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.
Annual Dividend
While the policy is in force, annual dividends (if any) will be payable annually from the 1st policy anniversary. Annual ividends are not guaranteed. You may elect to receive the annual dividends (if any) by one of the following dividend options:
Option 1: paid in cash
Option 2: leave with the Company for accumulation with interest where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.
Terminal Dividend
Terminal dividend (if any) shall be payable on or after the sixth policy anniversary upon the first occurrence of any of the following events:
i. the death of the life insured; or
ii. the surrender of this policy; or
iii. the policy maturity.
Terminal dividend is paid once only and is not guaranteed. It shall be determined by the Company in its discretion.
Death Benefit
Death Benefit shall equal to:
i. The higher of:
a. 102% of the total premiums paid at the date of life insured's death, provided that if life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list ), the total amount of 102% total premium paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured's death plus USD12,500 (or the higher thereof in case of a combination of USD-, HKD- and RMB-denominated policies).; Or
b. the Guaranteed Cash Value at the date of life insured's death
plus
ii. accumulated guaranteed cash coupon and interest, if any; plus
iii. accumulated annual dividend and interest, if any; plus
iv. terminal dividend, if any; less
v. any Indebtedness.
Surrender Benefit / Maturity Benefit
Guaranteed cash value at time of surrender or on maturity date plus;
i. accumulated guaranteed cash coupon and interest, if any; plus
ii. accumulated annual dividend and interest, if any; plus
iii. terminal dividend, if any; less
iv. any Indebtedness.
Note:
1. This plan is underwritten by Well Link Life Insurance Company Limited.
2. The above content contains general information for reference only and does not form part of the policy. Please refer to the policy document for benefit coverage and exact terms and conditions.