Chubb Supreme Life Insurance Plan (Regular Premium)

• If the Insured passes away while the Policy is in force, we will pay a Death Benefit including Special Coverage Benefit, if applicable, to the Beneficiary to help you protect your loved ones. For details of the Special Coverage Benefit, please refer to the “Basic Information - Special Coverage Benefit” section below.

• If the Insured passes away before the Glorious Anniversary (i.e. the 15th Policy Anniversary or the Policy Anniversary immediately following the Insured’s Age of 64, whichever is later), we will pay up to 120% of the Sum Assured as the guaranteed portion of the Death Benefit including the Special Coverage Benefit, if applicable. 
• Your financial burden may decrease as the years go by, this Plan automatically adjusts its protection and savings elements to match the need for protection, moving the focus to growing wealth. Starting from the Glorious Anniversary, the guaranteed portion of the Death Benefit will decrease by 5% per annum from 100% to 50% of the Sum Assured within 10 consecutive years and will remain at 50% of the Sum Assured until the end of your Policy. Under no circumstances, the guaranteed portion of the Death Benefit will be lower than the guaranteed Cash Value.

• This Plan offers Life Insurance Proceeds Settlement Option, which gives you control over the way you pass on your legacy to your family. 
• You can choose the payout arrangement that suits you best while the Insured is still alive – from one-off, through to annual, or monthly installments over your selected period. 

• This Plan is a participating insurance plan. On top of providing lifelong protection, it helps to preserve and offer potential growth in your wealth, forming a solid financial foundation for your future generations. 
• This Plan helps you get the most out of your wealth with potential long-term return with guaranteed Cash Value and non-guaranteed Terminal Dividend. We will pay the guaranteed Cash Value when you surrender the Policy. We may also pay the non-guaranteed Terminal Dividend when you surrender the Policy or claim for the Death Benefit. 

• Subject to the Company’s approval, during the lifetime of the Insured, starting from the 15th Policy Anniversary, you may, within 30 days from every Policy Anniversary, apply to exercise the Terminal Dividend Lock-in Option to lock in at least 10% of the Terminal Dividend (if any) and up to a maximum total Lock-in Percentage of 50%.  
• You may choose one of the options: you may allocate the Lock-in Amount to the Settlement Deposit Account for accumulating non-guaranteed interest or cash it out fully.

You can name a person as the Successor Owner. If the Owner passes away or is diagnosed with Alzheimer’s Disease, Coma, Loss of Independent Existence or Parkinson’s Disease, the Successor Owner will become the new Owner of the policy.

To successfully plan for the future of your business, it is important for corporate owners to insure your human capital. Loss of a key person(s) in your business can lead to huge impact on your business. In the unfortunate event of the death of your valuable employee, the Death Benefit offered under this Plan may reduce the potential loss of profits and provide liquidity, so that you can rest assured that your business’ financial position is protected.