| • Another
Option |
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Fubon FamilyFirst Mortgage Protection Plan
Helps you Settle the Outstanding Mortgage
with Comprehensive Protection |
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Mortgage repayment might be
the biggest monthly expense of your family. Have you ever
thought about the financial burden of your beloved ones and
how their living will be affected in the unfortunate event
of accident or illness happening to you?
Fubon Bank understands your burden and thus, brings you the
Fubon FamilyFirst Mortgage Protection
Plan(1). This plan offers you with the comprehensive
coverage for total security. In case of unexpected accident
or illness happening to you that leads to inability of mortgage
repayment, a lump sum will be provided by this plan for settlement
of mortgage, giving you and your family a total peace
of mind. |
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Mortgage
Protection Plan at a glance |
| Benefit
Term |
5 / 10 / 15 / 20 / 25 /
30 years |
| Payment Term |
Same as Benefit Term |
| Issue Age |
18 to 60 years old |
| Minimum Sum Insured |
HK$500,000 |
| Instalment Term |
Monthly or Annually |
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| Death Benefit |
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In the unfortunate event of death of the life
insured caused by accident or illness, a lump sum benefit(2)
will be provided for mortgage settlement, your family will not suffer
from financial hardship and go on for living. |
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| Total and Permanent Disability |
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If you suffer total and permanent disability
due to either accident or illness, you will receive the same amount
of lump sum benefit(2) as death benefit for repaying
the mortgage, so as to relieve your financial burden and ease your
worries. |
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| Temporary Disability Benefit |
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Should the life insured become disabled caused
by disease or bodily injury, and be unable to work for at least
183 consecutive days, the life insured: |
| • |
will not need to pay premiums(3)
during the period of disability |
| • |
will receive a monthly compensation(3)
(not exceeding total amount of HK$60,000 or up to 12 months
for mortgage instalment) |
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| giving you a total peace of mind and can have a
restful recovery. |
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| Example: |
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The Insured: Male, non-smoker
Sum Insured: HK$1,000,000 |
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Insured
Age(4) |
Annual
Premium (HK$) |
Mortgage Instalment |
15-Year |
20-Year |
25-Year |
30-Year |
30 years
old |
$1,670 |
$1,790 |
$1,940 |
$2,130 |
40 years
old |
$2,670 |
$2,990 |
$3,370 |
$3,740 |
50 years
old |
$5,440 |
$6,070 |
$6,860 |
$7,990 |
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| Note: |
| (1) |
This plan is also applicable to other property
mortgage such as shop and office. |
| (2) |
The benefit payable will be determined by the
initial sum insured reduced in accordance with the mortgage
term and interest rate of 5.25% per annum, which may not be
equal to the outstanding amount under your mortgage loan due
to different interest rate assumption. |
| (3) |
Waiver of premium on disability benefit and
loan repayment on disability benefit is applicable to the life
insured with gainful occupation. |
| (4) |
Insured age is determined by the age of the
life insured at the last birthday. |
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| Act Now To Prepare For Your Family |
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You can entitle up to 2 months paid premium refund offer during promotion period. For enquiries, simply call our Fubon
Insurance Hotline at 2566 8181 (Press 2 > 3 >
0) or visit any Fubon
Bank branch during office hours*. All aiming
to get protection for you and your beloved ones.
* Monday to Friday: 9am - 7pm; Saturday:
9am - 1pm (except Public Holidays) |
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| Disclaimer: |
| 1. |
The above information is for reference
only. Please refer to the Policy Provisions of ‘Fubon
FamilyFirst Mortgage Protection Plan’ (“the
Plan”) for the terms and conditions. |
| 2. |
The Plan is an insurance plan with no savings element. Part of the premium pays for the insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the Cooling-off Period and obtain a refund of any premiums paid provided that you have not made any claim under this policy. A written notice signed by you together with the policy must be received by MetLife Limited at its Hong Kong office within the Cooling-off Period (that is, 21 days after the delivery of the policy or the issue of a Notice informing you/your representative about the availability of the policy and the expiry date of the Cooling-off Period, whichever is earlier). After the expiration of the Cooling-off Period, if you cancel the policy before the end of the term of policy as set out in the policy document, the projected total cash value payable (if any) may be less than the total premiums you have paid. |
| 3. |
MetLife Limited is the insurance underwriter
of the Plan and is solely responsible for all Plan features,
policy approval, coverage and benefit payment. MetLife
Limited is a wholly-owned subsidiary of MetLife, Inc.
in Hong Kong and operates under the “MetLife”
brand. |
| 4. |
The Plan is distributed by Fubon Bank. |
| 5. |
In case of any discrepancy between the
English and Chinese versions, the English version shall
always prevail. |
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