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HSBC Life Jade Ultra Legacy Universal Life: Securing Your Name and Legacy

In the realm of wealth management and estate planning, HSBC Life Jade Ultra Legacy Universal Life stands out as a unique and powerful tool. This innovative universal life insurance plan goes beyond traditional financial protection, focusing on preserving and enhancing your most priceless asset – your name and legacy. Designed for high-net-worth individuals and business owners, this plan offers substantial life insurance coverage up to age 80, coupled with potential wealth accumulation for future generations or charitable causes. With its flexible features and customizable options, HSBC Life Jade Ultra Legacy Universal Life provides a comprehensive solution for securing your financial future and ensuring your legacy lives on.

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Type of Endowment Plan

HSBC Life Jade Ultra Legacy Universal Life is a non-participating universal life insurance plan. This means that the policy does not participate in the profits of the insurance company's participating fund. Instead, it offers a combination of guaranteed and non-guaranteed benefits, providing policyholders with more flexibility and control over their coverage and investment. The plan allows for both single premium and regular premium payment options, catering to different financial preferences and strategies. As a universal life plan, it offers the potential for cash value accumulation while providing life insurance protection, making it an attractive option for those seeking a balance between wealth preservation and legacy planning.

HSBC Life Jade Ultra Legacy Universal Life Coverage Customization

HSBC Life Jade Ultra Legacy Universal Life offers a range of customizable features to tailor your coverage to your specific needs. From guaranteed interest rate options to multiple currency choices, this plan provides flexibility in how you structure your policy. Let's explore the key aspects of coverage customization:

Guaranteed Interest Rate

Choose from guaranteed interest rate lock options of 1, 3, or 5 years for USD single premium policies. This feature provides stability and predictability for a portion of your policy's growth.

Currency Options

Select from USD, AUD, or GBP as your policy currency. You have the flexibility to switch currencies once per policy year after the first anniversary, allowing you to adapt to changing financial landscapes.

No-Lapse Guarantee

For USD policies, a No-Lapse Guarantee (NLG) benefit option is available. This ensures your policy remains in force until age 100, providing long-term security for your coverage.

Premium Payment Options

Choose between a single premium payment or spread your payments over 2 to 10 years with regular annual premium instalments, offering flexibility in how you fund your policy.

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HSBC Life Jade Ultra Legacy Universal Life Riders and Additional Benefits

HSBC Life Jade Ultra Legacy Universal Life comes with a range of additional benefits and features that enhance its value proposition. These benefits are designed to provide comprehensive coverage and flexibility, catering to various life situations and financial goals. Let's explore the key additional benefits:

Loyalty Bonus

Receive loyalty bonuses of 0.5%, 1%, and 1.5% of the account value at the end of the 10th, 15th, and 20th policy years respectively. This rewards long-term policyholders with additional value.

Charitable Giving Benefit

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

Accelerated Death Benefit

Access 100% of your policy's sum insured (up to USD2 million) if diagnosed with a terminal illness. This benefit provides financial support during challenging times without additional cost.

Change of Life Insured

Individual policyowners can change the life insured twice during the policy term. Corporate policyowners have unlimited changes, offering flexibility for key person insurance and business succession planning.

HSBC Life Jade Ultra Legacy Universal Life Surrender Value and Partial Withdrawals

HSBC Life Jade Ultra Legacy Universal Life offers flexibility in accessing your policy's value through surrenders and partial withdrawals. Understanding these options is crucial for effective policy management and financial planning. Here's an overview of the key aspects related to surrender value and partial withdrawals:

Surrender Value Calculation

The surrender value is calculated as the account value less any applicable surrender charges. It's important to note that early surrender may result in receiving less than the total premiums paid.

Partial Withdrawal Options

After the 10th policy anniversary, you can make partial surrenders of up to 5% of the prevailing account value each policy year without surrender charges. This feature provides liquidity when needed.

Surrender Charges

Surrender charges may apply, particularly in the early years of the policy. These charges decrease over time and are typically waived for partial surrenders within specified limits after the 10th policy year.

HSBC Life Jade Ultra 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 Ultra Legacy Universal Life policyholders. To file a claim or seek customer support, policyholders can contact HSBC Life Singapore directly at +65 6880 4888. The customer service team is available to assist with claims processing, policy inquiries, and general support. For online services, customers can access the HSBC Life SG app or visit the official website at hsbclife.com.sg. It's recommended to have your policy details ready when contacting customer service to ensure efficient assistance. In the event of a claim, prompt notification and submission of required documents will help expedite the process.

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Conclusion

HSBC Life Jade Ultra Legacy Universal Life is an ideal solution for high-net-worth individuals seeking comprehensive life insurance coverage with flexible wealth accumulation and legacy planning features. It's particularly well-suited for business owners looking to secure their company's future, individuals with complex estate planning needs, and those who wish to leave a lasting charitable impact. The plan's customizable options, including currency choices and guaranteed interest rate locks, make it adaptable to various financial strategies and goals.
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