Help growing your wealth and building a prosperous future

HONG KONG SAR - Media OutReach - 23 November 2023 - With continuous effort over the years, you have created considerable wealth that you wish to preserve and pass on to your descendants. Hong Kong Life understands your needs and is dedicated to help you achieving your goals. Hong Kong Life announces the launch of Grand Fortune Whole Life Protection Plan, which not only provides whole life protection but also helps growing your wealth steadily and establishing a solid financial foundation for your beloved ones and the next generations to embrace a fruitful life. Grand Fortune Whole Life Protection Plan is an eligible life insurance plan under the Policy Reverse Mortgage Programme ("PRMP")¹. Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life, said, "Protection needs and financial goals will be changed continuously throughout different stages of life. We have launched the Grand Fortune Whole Life Protection Plan, specially designed to provide customers with flexible wealth management arrangements. It offers two benefit classes to cater customers' different life plannings. The plan can address customers' needs in both whole life protection and wealth accumulation, so as to build a prosperous future for them and their beloved ones." Grand Fortune Whole Life Protection PlanKey Features:

• Single Premium Simple Management

Simply pay a lump sum of premium and you can start your financial planning with whole life protection. The Plan offers two types of benefit class to cater for your different needs on premium budget, protection and savings.

• Double Dividends Additional Return

The Plan not only provides Guaranteed Cash Value, Annual Dividend (non-guaranteed)² may also be distributed annually in terms of cash starting from the 1^st Policy Anniversary. You can choose cash withdrawal or leaving it with the Policy for interest accumulation² to meet your personal needs. In addition, Terminal Dividend (non-guaranteed) ² may be payable at or after the end of 3^rd Policy Year when the Policy is fully surrendered by the Policyowner or upon the death of the Life Insured, whichever is earlier. When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)² may be payable at or after the end of 3^rd Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed) ² attributable to the reduced portion of Sum Assured. Terminal Dividend (non-guaranteed) ² will not accumulate in the Policy.

• Flexible Wealth Management to Plan for the Future

The Policyowner may make a one-off or regular withdrawal from the cash value of the Policy (including the Guaranteed Cash Value (if any), Accumulated Dividends and Interest (non-guaranteed)^{2, 3} (if any) and Terminal Dividend (non-guaranteed)²(if any)) according to his/ her needs in order to fulfill the dreams like children's education and fruitful retirement, etc. However, the future cash value of the Policy will be reduced accordingly. After the Policy has acquired a Guaranteed Cash Value, the Policyowner can opt for Partial Surrender⁴ to withdraw the Guaranteed Cash Value and Terminal Dividend (non-guaranteed)²(if any) attributable to the reduced portion of Sum Assured of the Policy.

• Two Types of Benefit Class to Match Your Life Planning

The Plan offers two types of benefit class for you to choose according to your financial planning and protection needs. When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary as below:

Benefit Class	Feature	Total Death Benefit
Grand Fortune Whole Life Protection Plan – 100	With higher protection	100% of Sum Assured, plus Accumulated Dividends and Interest (non-guaranteed)2, 3 (if any) and Terminal Dividend (non-guaranteed)2 (if any), less Indebtedness (if any).
Grand Fortune Whole Life Protection Plan – 50	Balancing savings and protection	100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed) 2,3 (if any) and Terminal Dividend (non-guaranteed) 2(if any), less Indebtedness (if any). Schedule of Death Benefit: The Life Insured's death occurs: Percentage of Sum Assured At or before the end of the 15th Policy Year 100% Within the 16th Policy Year 95% Within the 17th Policy Year 90% Within the 18th Policy Year 85% Within the 19th Policy Year...