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HSBC Life Jade Legacy Universal Life: Securing Your Legacy for Generations

In today's complex financial landscape, securing your family's future and leaving a lasting legacy are paramount concerns. The HSBC Life Jade Legacy Universal Life insurance product offers a unique solution designed to address these needs. This innovative plan combines high life insurance protection with potential wealth accumulation, allowing you to safeguard your loved ones' financial well-being while creating a lasting impact. With its flexible features and customizable options, HSBC Life Jade Legacy Universal Life stands out as a powerful tool for individuals and business owners seeking comprehensive estate planning solutions.

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Type of Endowment Plan

HSBC Life Jade Legacy Universal Life is a universal life insurance plan, offering a unique blend of flexibility and protection. This type of plan allows for adjustable premiums and death benefits, making it adaptable to changing financial circumstances. Unlike traditional whole life policies, universal life insurance provides the opportunity for cash value growth based on current interest rates. The plan offers both single premium and regular premium options, with the ability to spread payments over 2 to 10 years. This flexibility in premium payments allows policyholders to align their insurance strategy with their financial goals and cash flow situations.

HSBC Life Jade Legacy Universal Life Coverage Customization

HSBC Life Jade Legacy Universal Life offers a range of customizable features to tailor your coverage to your specific needs. From guaranteed interest rate lock options to multiple currency choices, this plan provides the flexibility to create a personalized insurance solution. Let's explore the key aspects of coverage customization:

Guaranteed Death Benefit

The policy ensures a death benefit equal to the sum insured or account value, whichever is higher. This guarantee provides financial security for beneficiaries, regardless of market fluctuations.

Interest Rate Options

Policyholders can lock in guaranteed crediting rates for their first premium payment. Options include 1 and 3 years for USD single premium and 1 year for AUD & GBP premiums, providing stability in returns.

Currency Flexibility

The plan offers premium payments in USD, AUD, or GBP, with the possibility of future currency additions. This multi-currency option allows for strategic financial planning across different economies.

No-Lapse Guarantee

An optional No-Lapse Guarantee (NLG) benefit is available for USD policies, ensuring the policy remains in force until age 100, providing long-term security and peace of mind.

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HSBC Life Jade Legacy Universal Life Riders and Additional Benefits

HSBC Life Jade Legacy Universal Life goes beyond basic coverage, offering a suite of additional benefits and riders to enhance your protection and legacy planning. These features are designed to provide comprehensive support in various life scenarios. Let's explore the key additional benefits:

Charitable Giving Benefit

Create a legacy by donating 1% of the sum insured (up to USD100,000) to a recognized charity at no extra cost. This unique feature allows you to make a lasting impact on causes you care about.

Accelerated Death Benefit

In case of terminal illness, receive 100% of the policy's sum insured up to USD2 million. This benefit provides crucial financial support during challenging times.

Change of Life Insured

Flexibility to change the life insured, particularly beneficial for corporate policyowners. Individual policyowners can change the life insured once during the policy term.

Multi-Generational Planning

Option to transfer policy ownership to children, allowing for seamless legacy planning across generations without the need for new policy purchases.

HSBC Life Jade Legacy Universal Life Surrender Value and Partial Withdrawals

Understanding the surrender value and withdrawal options of your HSBC Life Jade Legacy Universal Life policy is crucial for effective financial planning. These features provide flexibility in accessing your policy's value while maintaining coverage. Here's an overview of the key aspects:

Account Value Access

Policyholders can access the account value through policy loans or partial surrenders, subject to terms and conditions. This flexibility allows for financial liquidity when needed.

Partial Withdrawal Benefits

After the 10th policy anniversary, no surrender charge applies for partial surrenders up to 5% of the prevailing account value annually. This feature provides penalty-free access to a portion of your policy's value.

Surrender Considerations

Full policy surrender is available, but may be subject to surrender charges. The surrender value may be less than total premiums paid, especially in early years. Careful consideration is advised before surrendering the policy.

HSBC Life Jade Legacy Universal Life Claims and Customer Service

HSBC Life Singapore is committed to providing excellent customer service and a smooth claims process for HSBC Life Jade Legacy Universal Life policyholders. For any inquiries or to file a claim, customers can contact HSBC Life Singapore at +65 6880 4888. The company's website, hsbclife.com.sg, also offers comprehensive information and online services. HSBC Life Singapore ensures a transparent and efficient claims process, with dedicated support to guide policyholders through each step. In case of any policy-related questions or need for assistance, their customer service team is readily available to provide prompt and professional support.

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Conclusion

HSBC Life Jade Legacy Universal Life is an ideal solution for high-net-worth individuals seeking comprehensive estate planning, business owners looking for key person insurance with flexibility, and those passionate about leaving a charitable legacy. Its unique combination of life coverage, wealth accumulation potential, and customizable features makes it a versatile tool for securing your family's future and preserving your legacy.
through Whatins and gain diverse perspectives on your insurance options. Plus, participate in our 'Premiums On Us' campaign for a chance to have your quarterly premiums covered. Don't miss this opportunity to secure your legacy and potentially save on premiums – connect with advisors today and take the first step towards comprehensive financial protection.