HSBC Life Jade Legacy Universal Life is a plan unlike any other . Beyond offering exclusive wealth solutions, its focal point is more than merely monetary. Amongst all your highly-valued assets, there is but one that is truly priceless — your name .
This universal life plan is designed for individuals or business owners seeking high life insurance protection up to age 80 and potential wealth accumulation for future generations or a charitable cause. Customise the solution to meet a wide range of estate planning needs, securing your legacy through the generations and the financial future of your loved ones.
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Lock in guaranteed crediting rates on your first premium payment for 1 and 3 years for USD single premium , 1 year for AUD & GBP single premium, and 1 year for regular premiums.
Flexibility to pay premiums in USD, AUD or GBP with the option to switch currencies once per policy year after the first anniversary without administrative charges.
Available for USD currency policies, ensuring your specified sum insured remains in force until age 100 or death of the life insured, whichever occurs first.
Create a legacy equal to 1% of the sum insured, up to USD100,000 at no additional cost to support causes you care about.
Receive 100% of your policy's sum insured up to USD2 million if diagnosed with a terminal illness certified to result in death within 12 months.
Change of life insured option and policy ownership transfer capabilities for flexible estate planning across generations .
As long as your policy is in force, you are assured of a death benefit which equals the sum insured or account value, whichever is higher at the time of death of the life insured. Positive cash value is required to maintain your policy in force.
Your policy may lapse if the cash value becomes zero or negative, making it crucial to monitor your policy's performance and make additional premium payments when necessary.
You may choose a single premium option or spread the payment into regular annual premium instalments between 2 to 10 years . Regular premium option is subject to availability.
When selecting the NLG benefit option, only the single premium option is available to ensure the guarantee remains valid.
You may access the account value through a policy loan subject to applicable terms and conditions, including interest . You may also access the account value through partial or full surrender, subject to applicable terms and conditions.
After the 10th policy anniversary, no surrender charge applies for partial surrenders of up to 5% of the prevailing account value in each policy year. For the first 2 such surrenders, the sum insured will not be reduced by the partial surrender amount.
Your life insurance protection needs may change over time as your family grows. If you are an individual policyowner, you may change the life insured of your policy to another person subject to applicable terms and conditions.
You may also transfer ownership of the policy from you to your child , and your child would be able to nominate his/her own beneficiaries within the policy you originally purchased without the need to purchase a new universal life insurance policy.
18 to 80 years old (age last birthday)
Minimum: USD1 million or currency equivalent br>Maximum: Subject to HSBC Life's discretion
USD, AUD, GBP (subject to availability)br>Currency switch available once per year after first anniversary
USD: 2% | AUD: 0% | GBP: 1%
Once for individual policies br>No limit for corporate-owned policies
USD: 1 and 3 years for single premium, 1 year for regular premium br>AUD and GBP: 1 year for both options
The account and cash value of your policy will increase or decrease due to actual crediting rates, charges, and any additional premiums or withdrawals made . The charges are not guaranteed.
Your policy will lapse if the account value falls to zero, unless you make additional premium payments and/or choose the NLG benefit to keep your policy in-force. When the policy lapses, you will lose your premium and the death benefit you had insured for.
You must fully understand the risks of this policy and discuss with your adviser before buying this policy. As buying a life insurance policy is a long-term commitment, early termination usually incurs high costs and the surrender value may be zero or less than total premiums paid.
HSBC Life (Singapore) Pte. Ltd. is a wholly owned subsidiary of HSBC Insurance (Asia Pacific) Holdings Limited, ultimately owned by HSBC Holdings plc. HSBC Life Singapore has received an A+ rating by Standard & Poor's in February 2023.
The company provides a wide range of solutions that cater to life, health, retirement, protection, education, legacy planning, and wealth accumulation needs of retail and corporate clients.
HSBC Life Jade Legacy Universal Life offers sophisticated wealth transfer and estate planning solutions, but choosing the right configuration requires careful consideration of your specific needs . The complexity of features like currency options, NLG benefits, and multi-generational planning makes professional guidance essential.
Don't navigate these important decisions alone. Get personalized advice from 5 qualified insurance experts who can help you understand how this plan fits into your overall estate planning strategy and compare it with other wealth transfer solutions.
Each expert will review your unique situation and provide tailored recommendations, ensuring you make the most informed decision for your legacy planning needs.
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Read the complete transcript of our expert discussion about HSBC Life Jade Legacy Universal Life. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
Welcome to the deep dive. We cut through the noise to get you the insights that matter. Today we're tackling a really interesting, sometimes tricky
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