Would your family cope financially in the event of your death, or if you were diagnosed with a terminal illness? A life insurance plan provides financial support to the insured’s family in the event of the insured’s death.
If an insured person should die during this time then the plan will provide a cash benefit. This cash benefit is usually used to help to pay for your children’s needs such as education as well as bills associated with the death, outstanding mortgage, estate duties, and financial relief for any beneficiaries that would have been affected by the loss.
A life insurance plan will only provide monetary reimbursement if the policyholder dies within the predetermined time frame. A life insurance policy will offer no other benefits apart from the stated cash benefit in the event of death; however, some life insurance policies are linked to a terminal illness benefit that is usually equal to the amount of the death benefit.
It is important to note that premiums associated with life insurance policies will not fluctuate throughout the course of the plan. Designed to provide a high value low cost level of protection across the policies lifetime, when you decide to buy a life insurance policy, everything from the type of currency that the premiums are paid in, terminal illness options, and the length of the plan are in your control.
For more information about a life insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
A universal life plan supports estate or business planning by providing lifetime coverage and accumulating cash value at a rate declared by the insurance company. There are two major distinctive benefits of a universal life plan, one is the flexibility of premium payment, adjustment of sum assured and access to cash value; another is the policy changes and crediting interest rate are transparent to the policy owner.
A universal life plan may suit the needs of both individual and business entities. For individuals, universal life insurance can provide estate preservation, wealth transfer and portfolio diversification. For business entities, universal life insurance can provide key person insurance, executive benefits and partnership protection.
For more information about a universal life insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
Medical insurance or health insurance is one of the most common insurances which helps policy holders to cope with unpredictable medical service needs and financial risk.
Medical insurance in a broad sense not only refers to coverage that provides for the direct payments of benefits as a result of sickness or injury, but also refers to the coverage of indirect losses from accident, medical expense, disability, or accidental death and dismemberment.
Policy holders can receive a certain amount of cash compensation to cover total or part of the medical expenses when using medial services.
For more information about a medical insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
This type of policy protects your residential house or apartment’s structure, and will provide you with an indemnity in the event of a loss. When obtaining a Fire insurance policy it is possible to extend the coverage to include a number of other perils apart from fires, in this case the plan becomes an ‘Extra Perils’ policy.
Extra perils can include falling objects (including aircraft), lightning, earthquakes, landslips and subsidence, typhoons, windstorms, floods, and explosions. An extra perils policy will give you the assurance that you have the protection that you need and ensure that your home will always be safe.
For more information about a fire insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
Annuities insurance features a predetermined periodic payout amount until the death of the annuitant. The prerequisite for payment of the annuities insurance benefit, like life insurance, is conditioned on the survival of the insured.
As long as the insured is alive, he or she can receive the predetermined periodic payout amount from the insurance company to compensate the income loss due to longevity and help retirees budget their money after retirement. Typically, the annuitant pays into the annuity on a periodic basis when he or she is still working. However, annuitants may also buy the annuity product in one large purchase. Either way, the premium should be paid off before the annuitants start to receive annuity. When the annuitant retires, the annuity makes periodic (usually monthly) payouts to the annuitant, providing a reliable source of income. When a triggering event (such as death) occurs, the periodic payments from the annuity usually cease.
For more information about a annuities insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
Directors & Officers Liability (D&O) insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties.
Such policies cover the personal liability of company directors and officers as individuals (Cover personal assets), but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them (Cover company assets or Company Reimbursement Cover).
Listed stock companies can also obtain cover for claims against the company itself for a wrongful act in connection with the trading of its securities (Cover securities claim against the company itself).
For more information about a D&O insurance plan, or to receive a free consultation, please call (+852) 3465 8681, our advisors will contact you soon with detailed information tailored to you.
The general coverage of engineering insurance include engineering materials damage protection, third party liability insurance and labor insurance.
Engineering materials damage protection, including the protection of the decoration materials (usually the engineering company to buy), such as flooring, tile, wallpaper, wood, sanitary ware and other decoration materials, etc.
Third party liability insurance (usually the owner / engineering company to buy) protects the legal liability for damage to the third party due to accidental damage or negligence of the contractor during the works, or the loss of property.
Labor insurance (usually purchased by engineering company) protects the labor accident during the project, please be noted that the number of people is unlimited.