Chubb Life Yearly Income Plan

Steady income streams help meet your financial needs

• Chubb Life Yearly Income Plan (the “Plan”) provides you with 2 secure streams of income by Guaranteed Cash Coupon during the policy term:
  • An annual coupon equal to 5% of Notional Amount is payable every Policy Year starting from the 1st Policy Anniversary.
  • An extra coupon equal to 10% of Notional Amount is payable every 10 Policy Years starting from the 10th Policy Anniversary.
     

Cash liquidity for managing your prosperity

• You may leave the Guaranteed Cash Coupon in the policy to accumulate interest at an interest rate which is determined by the Company and subject to change from time to time. Alternatively, you may withdraw them to meet your needs without taking out policy loan or surrendering the Policy.
   

Accelerate the potential return for long-term savings

• Your wealth accumulation is given a further booster for long-term savings with non-guaranteed Terminal Dividend. This Terminal Dividend may be paid after the Policy is in force for 10 years or more when the Policy is surrendered, or matured or when the Insured dies.

Coverage up to Age 100 of the Initial Insured with flexible settlement option

• The Plan is designed with a policy term of up to Age 100 of the Initial Insured, so that you can enjoy protection and potential returns during the lifespan. You can allocate the Life Insurance Proceed (including death benefit) of the Plan to specified beneficiaries in a lump sum payment or by instalment in annual or monthly basis over a period of 10, 20 or 30 years.
   

Policy continuation with change of Insured and designated Successor Insured

• On or after the 10th Policy Anniversary while the Policy is in force, you can exercise the following options:
  • Change of Insured: You can apply to change the Insured under the Policy once during the policy term, so you can pass on your accumulated wealth.
  • Designation of Successor Insured: During the lifetime of the Initial Insured, you can also assign the sole Beneficiary of your Policy as the Successor Insured, so he/she becomes the new Insured in the event of the Initial Insured’s death. This enables the Policy to be continued and benefits and policy values under the Policy will be retained.

Premium Holiday to ease the burdens during your financial difficulties

• You can apply for Premium Holiday in full year basis up to 2 Policy Years after the 2nd Policy Anniversary. The Premium Holiday will start from the next Policy Anniversary following our approval. This benefit does not apply to a policy with 3-year premium payment period.
   

Enhanced protection in the event of accidental death in the 1st Policy Year

• The Plan provides additional protection with Accidental Death Benefit. If the Insured dies due to an Accident during the 1st Policy Year, an additional sum equal to the death benefit of the Plan, up to US$100,000 per life will be provided. This benefit is available to the Insured whose Age is 64 or below at policy inception.
   

Hassle-free Application without Medical Examination

• Application for Chubb Life Yearly Income Plan is simple. Medical examination is not required if the Notional Amount does not exceed the limit set by the Company from time to time so you can get started in an easy way.