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Another Option |
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FULL RICH PLUS INVESTLINK PROTECTION PLAN
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FULL RICH PLUS INVESTLINK PROTECTION PLAN* (the "Plan")
You are advised to read the IMPORTANT NOTES below and the Principal Brochure of the Plan before taking out a policy under the Plan. |
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| IMPORTANT NOTES: |
| 1. |
The Plan is an investment-linked insurance policy issued by MetLife Limited (“the Company”). Your investments are subject to the credit risks of the Company. |
| 2. |
Your paid premiums towards the insurance policy will become part of the assets of the Company. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only. |
| 3. |
Investment involves risks. Your return on investments is calculated or determined by the Company with reference to the performance of the underlying funds which are SFC-authorized funds. The return of investments under the Plan shall be subject to the charges of the Plan and may be lower than the return of the corresponding SFC-authorized fund. |
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Early surrender of the policy and/or suspension of or reduction in premium may result in significant loss of the principal amount invested and bonus awarded. Poor performance of underlying funds may further magnify your investment losses, while all charges are still deductible. |
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The Investment Options available under the Plan can have very different features and risk profiles. Some may be of high risk. |
| 6. |
Please note the following relating to insurance coverage and the Cost of Insurance of the Plan: |
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| (a) |
Your policy provides life insurance protection and additional coverage. |
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The Cost of Insurance will reduce the amount of your premium that is applied to investment. |
| (c) |
The Cost of Insurance for your life coverage may increase significantly during the term of your policy due to a combination of factors, e.g. your age, smoking habit, investment return/loss of your Investment Options, etc. This may result in significant or even total loss of your premium paid. |
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If the account value of your policy becomes insufficient to cover the policy charges (including the Cost of Insurance and other charges), your policy may be terminated early and you could lose your investment and all benefits. |
| (e) |
You should consult your intermediary for details, such as how the charges may increase and could impact your investment. |
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| 7. |
You should not purchase the Plan unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours. |
| 8. |
You should not rely on this leaflet alone and should refer to the Principal Brochure of the Plan for details. |
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Full Rich Plus Investlink Protection Plan is an investment-linked insurance policy that involves risks. There is no guarantee on the investment return or the principal amount invested. It may result in possible loss of the principal capital. |
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We understand that everyone has his unique financial aspirations in different stages of life. That’s why Fubon Bank are pleased to introduce Full Rich Plus Investlink Protection Plan to you. Its investment opportunity and insurance coverage work in pairs to allow a vantage in investment and enhanced flexibility, enabling you to grasp potential investment returns and achieve your financial goals, while providing you with protection against complications in life. |
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| Increase Your Investment Potential |
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| Full Rich Plus Investlink Protection Plan offers you an array of investment features, helping you increase your potential investment returns. |
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| Start-Up Bonus |
The Plan offers you a Start-Up Bonus which is equal to 3% of the Basic Premium paid during the first policy year, helping you enhance the potential returns on your investment as early as possible. |
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Remarks: The rate of Start-Up Bonus does not represent the rate of return or performance of investment. |
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All Basic Premiums Allocated for Investment |
Without any Subscription Fee, the full amount of your Basic Premium will be allocated for investment, enhancing your potential investment returns.
A Subscription Fee will be applied to all Top-Up Premiums in addition to other applicable policy charges which are deducted monthly.
For details of other policy charges such as Premium Fee, Policy Administration Fee, Maintenance Fee, Cost of Insurance and Surrender Charge, please refer to the Principal Brochure.
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Wide Variety of Investment Options |
Over 50 Investment Options are offered to suit your investment preference and risk tolerance levels. The corresponding underlying funds are managed by professional and experienced fund houses. You can select a maximum of 10 Investment Options at any one time. The minimum investment allocation percentage of each selected Investment Option is currently 10%. |
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| Embedded Investment Flexibility |
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Full Rich Plus Investlink Protection Plan provides you with financial flexibility tailored for your individual needs. |
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Affordable Premium Level |
You may start working towards your financial goals with the current minimum Basic Premium as low as US$2501 per month (101 Capital Life Protection Option) or a minimum sum assured of US$50,000 (Level Life Benefit Option). |
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Top-Ups at Your Choice |
You may increase your investment contributions by making a Regular Top-Up Premium or a Lump Sum Top-Up Premium2 in addition to your Basic Premium contribution at any time. A Subscription Fee will be applied to all Top-Up Premium in addition to other applicable policy charges which are deducted monthly. For details of policy charges, please refer to the Principal Brochure. |
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Unlimited Free Switching between Investment Options |
You can enjoy unlimited number of switching from one Investment Option to another without extra cost and the minimum switching amount for each switching is currently US$100.3 |
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Partial Withdrawals |
At times in need, you can withdraw part of the account value free of charge as long as a minimum account value is maintained after the withdrawal without surrendering the policy. The minimum withdrawal amount is currently US$500 and the remaining account value after any such withdrawal shall not be less than the minimum account value balance as stated in the table below. |
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101 Capital Life Protection Option |
Minimum Account Value Balance:
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Within the first 5 policy years: 24 months of Basic Premium payments |
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After the end of the 5th policy year: US$1,000 |
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Level Life Benefit Option |
Minimum Account Value Balance:
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Within the first 8 policy years: 24 months of Basic Premium payments |
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After the end of the 8th policy year: US$1,000 |
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Premium Holiday |
For your enhanced flexibility, you can temporarily stop paying premiums by applying for a Premium Holiday at any time on or after the 2nd anniversary date without affecting your protection4, as long as the aggregate account value of the Basic Premium Account, the Regular Top-Up Premium Account and the Lump Sum Top-Up Premium Account of your policy is sufficient to pay for the policy charges. |
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| Comprehensive Life Protection |
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Two life benefit options with different levels of protection are available to meet your financial and protection needs. |
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101 Capital Life Protection Option5 |
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Provides you with relatively less life protection with lsimplified underwriting |
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The life benefit amount equals the higher of: |
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| (i) |
101% of the total Basic Premium paid (less any withdrawal from the Basic Premium Account); and |
| (ii) |
the account value of the Basic Premium Account. |
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The Life Benefit is capped at US$700,000 per insured person plus the account value of the Basic Premium Account for all 101 Capital Life Protection Option policies held by the insured person. |
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Level Life Benefit Option |
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Provides you with greater life protection |
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The life benefit amount equals the higher of: |
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| (i) |
the sum assured (less any withdrawal from the Basic Premium Account); and |
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the account value of the Basic Premium Account plus US$10,000. |
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| If you have contributed any Top-Up Premiums, the aggregate account value of the Top-Up Premium Accounts will be added to the life benefit amount. |
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| Remarks: If there are any outstanding charges in the policy, they will be deducted from the Life Benefit payable. |
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Free Accidental Waiver of Premium Benefit |
For your added protection, should the insured person suffer from total and permanent disability due to an accident before age 65, the Company will pay the Basic Premium for you, up to an aggregate amount of US$50,000. |
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| Remarks: |
| 1. |
MetLife Limited reserves the right to change the minimum and maximum Basic Premium requirement before the issuance of policy on a case-by-case basis. |
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The minimum contribution amount of Regular Top-Up Premium is US$100 per year or US$9 per month, while the minimum contribution amount of Lump Sum Top-Up Premium is currently US$5,000. The maximum Regular Top-Up Premium contribution amount is 5 times of Basic contribution amount is 100 times of the annualized Basic Premium. |
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Bid-Offer Spread may apply to particular Investment Options. For details of Bid-Offer Spread, please refer to the Principal Brochure. |
| 4. |
Policy charges will continue to be charged to the policy by redeeming relevant number of units at their Redemption Price every month on the policy charges due date. They shall be deducted from the Basic Premium Account. If the Basic Premium Account is not sufficient for such payment, they shall be deducted from the Regular Top-Up Premium Account. If the Regular Top-Up Premium Account is not sufficient for such payment, they shall be deducted from the Lump Sum Top-Up Premium Account. For details of relevant charges, please refer to the Principal Brochure. |
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The 101 Capital Life Benefit Option provides the least life protection with simplified underwriting. Hence, the Plan is suitable to insured person who is looking for minimal life coverage. For details of the Life Benefit amount, please refer to the Product Brochure. |
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This Plan
is subject to investment risks, including possible
loss of the principal amount invested if surrender
of the policy is made. Please note that investments
involve risks, and that the value of the investments
and the yield from the Plan may go down as well
as up as a consequence of the general nature of
various investments and any currency exchange or
interest-rate fluctuation. |
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| Important Notes: |
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MetLife Limited assumes full responsibility for the contents of this leaflet. For details, please refer to the Principal Brochure of Full Rich Plus Investlink Protection Plan. |
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The Plan is an investment-linked insurance policy issued by MetLife Limited. You may cancel the policy within 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. You will receive all the premiums paid, subject to any market value adjustment based on the loss/gain (as the case may be) that may be experienced in realizing assets acquired by the premiums that you have contributed. |
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MetLife Limited is the insurance underwriter of Full Rich Plus Investlink Protection Plan and is solely responsible for all content, approval, coverage and benefit payment. MetLife Limited is a wholly-owned subsidiary of MetLife, Inc. in Hong Kong and operates under the “MetLife” brand. |
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The registered office of MetLife Limited is Level 20, Cityplaza 3, 14 Taikoo Wan Road, Taikoo Shing, Hong Kong. |
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The Plan is distributed by Fubon Bank (Hong Kong) Limited. |
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| Act Now |
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Simply call our Fubon
Insurance Hotline at 2566 8181 (Press 2 > 3
> 0) or visit any Fubon
branch during office hours*. All aiming
to get protection for you and your beloved ones. |
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Monday to Friday: 9am –
7pm; Saturday: 9am – 1pm (except Public
Holidays) |
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