Prosperity Booster Whole Life Plan 3

Given time and proper momentum, your savings can snowball into a sizable amount of wealth to fuel your dreams and those of your loved ones.

Accelerate your wealth accumulation with Prosperity Booster Whole Life Plan 3 (“Prosperity Booster 3” or the “Plan”), a participating life insurance plan that propels your long-term savings further, offering potentially high returns so that you can make the most of every opportunity. Enjoy flexible access to your growing savings, and when the time is right, pass your legacy to the next generation so they can reap the rewards of your foresight and planning. The Plan also offers life protection to provide your loved ones with support beyond your lifetime, as well as payment flexibility in case times get tough.

With Prosperity Booster 3 on your side, your savings can build up momentum, for wealth accumulation and the future you have always dreamed of.

Plan Highlights

Wealth Accumulation

Build your wealth with long-term growth potential
Two Premium Payment Term options for better financial planning

Financial Flexibility

Flexible withdrawals for ready cash
Premium Holiday during challenging times
Extension of Grace Period for added flexibility

Legacy Planning

Change of Insured Person option for passing on your wealth
Successor Owner and Contingent Insured Person to protect your Policy

Family Protection

Life protection to support your loved ones beyond your lifetime
Choose the best settlement option to meet your needs

Wealth Accumulation

Build your wealth with long-term growth potential
Prosperity Booster 3 maximizes your long-term growth potential by providing a Guaranteed Cash Value and non-guaranteed dividends on your wealth accumulation journey. You can watch your wealth grow and build a rosy future for you and your family.

Guaranteed Cash Value: Starting from the 1^st Policy Anniversary, this cash value will grow steadily under your Policy.
Non-guaranteed Annual Dividend^1,2: Starting from the 1^st Policy Anniversary, an Annual Dividend will be payable. You can choose to receive it in cash or keep it in your Policy to accumulate interest³.
Non-guaranteed Terminal Dividend⁴: Starting from the 8^th Policy Anniversary, a one-time dividend will be payable upon the death of the Insured Person, Policy surrender or Policy maturity.

Two Premium Payment Term options for better financial planning
Prosperity Booster 3 caters for your financial situation by offering two Premium Payment Terms to choose from: 2 years or 5 years. The premium is guaranteed to remain unchanged once it is determined and will not increase with your age, enabling you to start off your wealth plan with certainty.

Financial Flexibility

Flexible withdrawals for ready cash
Life can present different opportunities and challenges from one life stage to the next. To give you extra financial flexibility, Prosperity Booster 3 offers the option of withdrawing your accumulated Annual Dividends^1,2 and interest³ (if any) at any time or taking out a Policy Loan⁵ for emergency cash. You may also reduce the Nominated Amount of your Policy to receive a prorated portion of the Guaranteed Cash Value, Terminal Dividend⁴ (if any), and Premium Prepayment Balance⁶ (if any) that is attributable to the reduced Nominated Amount, less a Surrender Charge⁷ (if applicable) and any Indebtedness⁸.

The options to withdraw accumulated Annual Dividends and interest (if any), apply for a Policy Loan, and reduce the Nominated Amount are only available if there is no Premium Holiday⁹ in effect at the time of application.

Premium Holiday during challenging times
Starting from the 2^nd Policy Anniversary, you can apply for a Premium Holiday⁹ within the Premium Payment Term. This option enables you to suspend your premium payment for up to 3 years while keeping your Policy effective, enabling you to loosen your budget for other needs that may arise.

The Premium Holiday option is available once for Policies with a 5-year Premium Payment Term. During the Premium Holiday Period, the Guaranteed Cash Value and accumulated Annual Dividends^1,2 and interest³ (if any) will remain unchanged under the Policy.

Extension of Grace Period for added flexibility
Starting from the 2^nd Policy Anniversary, you can also apply for an extension of the Grace Period for a subsequent premium due, provided all premiums due have been paid. This option, which is available for Policies with a 5-year Premium Payment Term, extends the Grace Period from 31 days to 90 days while keeping your Policy effective. You can pay the premiums due by the end of the extended Grace Period, adding extra flexibility to your finances.

Legacy Planning

Change of Insured Person option for passing on your wealth
Only the best plans will do for your loved ones. From the 1^st Policy Anniversary onwards, you can exercise the Change of Insured Person Option¹⁰ as many times as you wish during the lifetime of the Insured Person. Changing the Insured Person will extend the benefit period to age 138 of the latest Insured Person while leaving the Policy value unaffected under your Policy. That way, you can extend your wealth accumulation horizon and establish a lasting legacy for your family, both today and for generations to come.

Successor Owner and Contingent Insured Person to protect your Policy
During the lifetime of the Insured Person, you can designate a Successor Owner¹¹, who can apply to become the new Policyowner in the unfortunate event that the Policyowner passes away. This would enable the new Policyowner to have access to the rights and benefits under the Policy, sustaining the continuity of your legacy.

Besides a Successor Owner, you can designate a Contingent Insured Person¹², who can apply to become the new Insured Person in the unfortunate event that the Insured Person passes away after the 1^st Policy Anniversary, preventing Policy termination even if life takes an unexpected turn.

Family Protection

Life protection to support your loved ones beyond your lifetime
To support your loved ones beyond your lifetime, the Plan provides life protection up to age 138 of the latest Insured Person. In the unfortunate event that the Insured Person passes away with no Contingent Insured Person¹² designated or becoming effective, the Beneficiary will receive a Death Benefit equal to:

The higher of:
(i) 105% of the total premiums paid and due; or
(ii) Guaranteed Cash Value plus Terminal Dividend⁴ (if any)
+ Accumulated Annual Dividends^1,2 and interest³ (if any)
- Indebtedness⁸ (if any)

In case there is any Premium Prepayment Balance⁶ as at the death of the Insured Person, such balance will be paid together with the Death Benefit.

Choose the best settlement option to meet your needs

During the lifetime of the Insured Person, you have the option of choosing how the settlement amount at the death of the Insured Person will be paid to the Beneficiary¹³. The options include:

(i)

A lump sum payment;

(ii)

Regular payments¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years;

(iii)

Increasing regular payments¹⁴: The Policyowner can choose a first instalment amount of 5% to 20% of the settlement amount, and the remaining balance will be paid as subsequent regular instalments made monthly, semi-annually or annually until the settlement amount is fully paid. The amount of each subsequent regular instalment(s) of each year (except for the last regular instalment) will increase by 5% of the previous year’s regular instalment amount so as to account for inflation; or

(iv)

A lump sum payment of not less than 5% of the settlement amount first, and the remaining balance to be paid in regular payments¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years.

Interest will accrue on the balance of any settlement amount that has yet to be paid at an interest rate to be determined by Fubon Life Insurance (Hong Kong) Company Limited (“Fubon Life”) from time to time. That way, you can spread out the settlement payments according to your plans, providing long-term financial support to your loved ones.

On top of the lump sum payment, options (ii), (iii) and (iv) above are also applicable to the settlement amount at Policy surrender (provided that the Policy has been in force for 5 years prior to full surrender) or Policy maturity.

Plan Summary

Issue Age

15 days to age 75 (age last birthday)

Premium Payment Term

2 years / 5 years

Policy Term

Up to age 138 of the latest Insured Person

Policy Currency

HKD / USD

Premium Mode

Monthly / Semi-annual / Annual / Annual with Prepayment^6,7
(Annual with Prepayment is applicable to Policies with a 2-Year Premium Payment Term only)

Minimum Nominated Amount

HKD100,000 / USD12,500

Premium Prepayment Interest

Guaranteed to be 3.5% p.a. on the Premium Prepayment Balance⁶
Will be used to settle future premiums

Banding Discount¹⁵

Nominated Amount		Annual Premium Discount
HKD	USD	2-year Premium Payment Term	5-year Premium Payment Term
145,000 – 349,999	18,125 – 43,749	2%	3%
350,000 – 699,999	43,750 – 87,499	5%	4%
700,000 –999,999	87,500 – 124,999	6%	5%
≥1,000,000	≥125,000	7%	6%

Guaranteed Cash Value

Payable upon the death of the Insured Person, Policy surrender or Policy maturity

Non-guaranteed Annual Dividend^1,2

Available from the 1^st Policy Anniversary

Non-guaranteed Terminal Dividend⁴

Available from the 8^th Policy Anniversary
Payable upon the death of the Insured Person, Policy surrender or Policy maturity

Surrender Benefit

Guaranteed Cash Value
+ Accumulated Annual Dividends^1,2 and interest³ (if any)
+ Terminal Dividend⁴ (if any)
- Indebtedness⁸ (if any)
In case there is any Premium Prepayment Balance⁶ as at Policy surrender, such balance less the Surrender Charge⁷ will also be paid

4 Surrender Benefit Settlement Options are available to choose from:

(i)	A lump sum payment;
(ii)	Regular payments¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years;
(iii)	Increasing regular payments¹⁴: The Policyowner can choose a first instalment amount of 5% to 20% of the settlement amount, and the remaining balance will be paid as subsequent regular instalments made monthly, semi-annually or annually until the settlement amount is fully paid. The amount of each subsequent regular instalment(s) of each year (except for the last regular instalment) will increase by 5% of the previous year’s regular instalment amount so as to account for inflation; or
(iv)	A lump sum payment of not less than 5% of the settlement amount first, and the remaining balance to be paid in regular payment¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years
Options (ii), (iii) and (iv) above are available provided that the Policy has been in force for 5 years prior to full surrender

Maturity Benefit

Guaranteed Cash Value
+ Accumulated Annual Dividends^1,2 and interest³ (if any)
+ Terminal Dividend⁴ (if any)
- Indebtedness⁸ (if any)
The Surrender Benefit Settlement Options are also applicable to the settlement amount at Policy maturity

Death Benefit

The higher of:
(i) 105% of the total premiums paid and due; or
(ii) Guaranteed Cash Value plus Terminal Dividend⁴ (if any)
+ Accumulated Annual Dividends^1,2 and interest³ (if any)
- Indebtedness⁸ (if any)
In case there is any Premium Prepayment Balance⁶ as at the death of the Insured Person, such balance will be paid together with the Death Benefit

4 Death Benefit Settlement Options are available to choose from:

(i)	A lump sum payment;
(ii)	Regular payments¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years;
(iii)	Increasing regular payments14: The Policyowner can choose a first instalment amount of 5% to 20% of the settlement amount, and the remaining balance will be paid as subsequent regular instalments made monthly, semi-annually or annually until the settlement amount is fully paid. The amount of each subsequent regular instalment(s) of each year (except for the last regular instalment) will increase by 5% of the previous year’s regular instalment amount so as to account for inflation; or
(iv)	A lump sum payment of not less than 5% of the settlement amount first, and the remaining balance to be paid in regular payment¹⁴ made monthly, semi-annually, or annually for 5, 10, 20, or 30 years

Application Procedure

No health declaration required¹⁶

Remarks:

Any Indebtedness will be deducted from the non-guaranteed Annual Dividend when payable.

The Annual Dividend is non-guaranteed. However, the amount of the Annual Dividend and its interest (if any) already distributed in the Policy will not be changed. Past declarations of the Annual Dividend are not an indicator for future declarations. Future declarations of the Annual Dividend can be lower or higher than the past declarations and are determined based on the Dividend Philosophy. Please refer to the Dividend Philosophy for the relevant risk factors and details.

The accumulation interest rate is not guaranteed and can be determined by Fubon Life from time to time.

⁴

The Terminal Dividend is non-guaranteed and shall not be vested in the Policy until the time of payment. Entitlement to the Terminal Dividend will be deferred according to the Premium Holiday Period in case Premium Holiday has taken effect. Past declarations of the Terminal Dividend are not an indicator for future declarations. Future declarations of the Terminal Dividend can be lower or higher than the past declarations and are determined based on the Dividend Philosophy. Please refer to the Dividend Philosophy for the relevant risk factors and details.

⁵

The request for taking Policy Loan is subject to a maximum amount determined by Fubon Life from time to time and Fubon Life’s approval. Interest will be charged on Policy Loan. Fubon Life shall have the absolute discretion to determine or change the interest rate from time to time. If any Policy Loan and interest are not repaid, they will be deducted from any benefits payable under the Policy.

⁶

An amount equivalent to an annual premium amount shall be deducted from the Premium Prepayment Balance annually on each and every premium due date. Prepayment cannot be refunded or withdrawn except in the event of the Death Benefit payment, Policy surrender or reduction in the Nominated Amount.

⁷

Should the Policyowner surrender the Policy or reduce the Nominated Amount of the Policy during the Premium Payment Term, a Surrender Charge of 5% of the Premium Prepayment Balance will be charged by Fubon Life.

⁸

Indebtedness means all outstanding loans owed to Fubon Life including the Automatic Policy Loan, Policy Loan, accrued interest on these loans, unpaid premium and any other amounts owed to Fubon Life.

⁹

The Premium Holiday must be approved by Fubon Life and becomes effective only if the Policy has no Indebtedness as at the effective date of the Premium Holiday. During the Premium Holiday Period, any Policy changes that would result in a change in the Nominated Amount or Surrender Value, including but not limited to Policy Loan, withdrawal of accumulated Annual Dividends and interest (if any), or a reduction in the Nominated Amount, are not allowed under the Policy. Please refer to the Policy Provisions for details.

¹⁰

The Policyowner may apply for a change of the Insured Person from the 1^st Policy Anniversary and during the lifetime of the Insured Person. The application shall be effective upon Fubon Life’s approval pursuant to applicable laws and regulations and Fubon Life’s prevailing rules and underwriting requirements in effect from time to time. Please refer to the Policy Provisions for details.

¹¹

The designation of a Successor Owner shall be effective upon Fubon Life’s approval. The Successor Owner can apply to become the new Policyowner in the event of the death of the Policyowner, and the application shall be effective upon Fubon Life’s approval pursuant to applicable laws and regulations and Fubon Life’s prevailing rules in effect from time to time. Please refer to the Policy Provisions for details.

¹²

The designation of a Contingent Insured Person shall be effective upon Fubon Life’s approval. The Contingent Insured Person can apply to become the new Insured Person in the event of the death of the Insured Person after the 1^st Policy Anniversary, and the application shall be effective upon Fubon Life’s approval pursuant to applicable laws and regulations and Fubon Life’s prevailing rules and underwriting requirements in effect from time to time. Please refer to the Policy Provisions for details.

¹³

Upon the Policyowner’s request during the lifetime of the Insured Person, the Beneficiaries are allowed to apply for a change of the Death Benefit Settlement Option after the death of the Insured Person. Please refer to the Policy Provisions for details.

¹⁴

For the settlement amount to be paid at regular intervals upon (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity, the amount payable must be equal to or more than HKD400,000 / USD50,000. Interest will accrue on the portion of such settlement amount which has yet to be paid at an interest rate to be determined by Fubon Life from time to time at its sole discretion. Please refer to the Policy Provisions for details.

¹⁵

The premium amount after the banding discount (if any) will be used in the calculation of the Death Benefit. Please refer to the Benefit Illustration document for details.

¹⁶

Fubon Life has set a limit to the total premiums of insurance policies in respect of the same type of insurance product (as determined and revised by Fubon Life from time to time) for each Insured Person. No health declaration of the Insured Person is required only if the purchase of the Policy does not exceed such limit. Fubon Life reserves the right to accept or reject any applications for the Plan based on the information provided by the Insured Person during application.

You can visit any Fubon Bank branch or simply call Fubon Bank Integrated Customer Service Hotline 2566 8181 (Press 3 after language selection) during office hours^* for more details.

^*Office hour: Monday to Friday: 9am to 7pm; Saturday: 9am to 1pm (except public holidays).

Warning Statement:
Prosperity Booster Whole Life Plan 3 is a life insurance plan, with non-guaranteed dividend and non-guaranteed accumulated interest. Part of the premiums pays for the insurance and related costs. The Policy is underwritten by Fubon Life Insurance (Hong Kong) Company Limited and is subject to Fubon Life’s credit risk. In the worst scenario, you may lose all premiums paid and benefits provided under the Policy. The savings part of the Plan is also subject to risk and loss. You must be aware of the long-term nature of life insurance plan. If you surrender your Policy before maturity, the amount you get back may be less than the amount of total premiums you have paid and thus resulting in a pecuniary loss. The insurance plan includes guaranteed and non-guaranteed parts. The non-guaranteed part is projected figures and for illustrative purposes only and is not guaranteed. The actual benefits and/or returns may be lower or higher than the projected figures. You should fully understand all of the risks involved in this product and consider whether this product is affordable and suitable to you before making your application. If you are not satisfied with the Policy, you have the right to cancel the Policy within the cooling-off period and obtain a refund of any premiums paid by giving written notice to Fubon Life provided that you have not made any claims under the Policy. Such notice must be signed by you and received directly by Fubon Life at Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong within 21 calendar days immediately following either the day of the delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier.

Terms and Conditions

Important Notes

Nominated Amount and its Adjustment

The Nominated Amount serves as an amount for the calculation of premiums and other Policy values for the Plan. It is not equivalent to the amount of the Death Benefit payable in case of the death of the Insured Person within the Benefit Period.

Reduction in Nominated Amount on Policy Anniversary is allowed, which shall not be less than the minimum Nominated Amount. As such, the Guaranteed Cash Value, Annual Dividend (if any), Terminal Dividend (if any), Premium Prepayment Balance (if any) and premium shall be reduced in proportion. The Surrender Benefit, Maturity Benefit and Death Benefit shall also be reduced accordingly.

Cooling-off Period

If you are not completely satisfied with the Policy, you may return the Policy with your signed written request to Fubon Life for its cancellation. The Policy will be cancelled and the premium paid will be refunded, provided that the written cancellation request must be received directly by Fubon Life within 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier. The Cooling-off Notice is the notice sent to you or your nominated representative (separate from the Policy) notifying you of your right to cancel within the stated 21 calendar day period. The business address of Fubon Life Customer Services Department is Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong. No premium or prepaid premium (if any) shall be refunded if claim payment is made under this Policy. After the expiration of the cooling-off period, if you cancel the Policy before maturity, the projected total cash value may be less than the amount of the total premiums you have paid.

Levy on Insurance Premium

Effective from 1 January 2018, all Policyowners are required to pay a levy on each premium payment made for both new and in-force Policies to the Insurance Authority (“IA”). For levy details, please visit Fubon Life’s website or IA’s website.

Dividend Philosophy

For participating Policy, your Policy can earn the investment return of the segregated asset portfolio of the group of business determined by Fubon Life in the form of Annual Dividend and/or Terminal Dividend. The Annual Dividend and Terminal Dividend are non-guaranteed benefits. Fubon Life aims to ensure fair treatment between different groups of Policyowners.

The Annual Dividend and Terminal Dividend will be reviewed at least once a year, based on actual experience and investment outlook. Fubon Life will smooth out the volatility of the actual investment return to ensure a stable dividend payment. If there is any change to the Annual Dividend or Terminal Dividend scale, you will be informed in writing or by the Policy annual statement with explicit reasons for the change.

To determine the Annual Dividend and Terminal Dividend payment, Fubon Life will consider the actual experience and the outlook of the following factors:

Investment performance factors: This includes the interest earning of the asset portfolio and market value changes of the asset portfolio, reflecting different market factors such as equity price, asset liquidity, credit spread, default risk and exchange rate.
Persistency factors: This includes full surrender and partial surrender and the corresponding impact on investments, etc.
Claim factors: This includes the cost of providing Death Benefit and other insured benefits.

Investment Policy, Investment Objectives and Investment Strategy

The Investment Policy aims to actively monitor and manage investment risk and Policy liability and to identify asset with suitable characteristics, tenor and liquidity to meet the cash flow need of the insurance business.

The Investment Objectives are to support the guaranteed benefit of the Policies and also to meet the non-guaranteed benefit as illustrated in the Benefit Illustration document to the Policyowners.

The Investment Strategy is to diversify investment risks, to improve capital utilization efficiency, to enhance overall investment returns, and to safeguard the long-term interests of Shareholders and Policyowners. Should there be any significant changes in the Investment Strategy, Fubon Life would inform Policyowners of the changes, with underlying reasons and impact to the Policies.

The long-term target asset mix of this product is:

Asset Type

Target Asset Mix (%)

Bonds and other fixed income assets

35 – 60%

Non-fixed income assets

40 – 65%

To diversify the risk, Fubon Life may invest in securities of different regions, industries, credit ratings, and liquidities. This includes government bonds, corporate bonds and other fixed income assets in US, European, emerging markets, and so on. Fubon Life may also invest in non-fixed income assets including equities, private fund, public fund, mutual fund, index fund, etc. Depending on economy outlook, investment environment, as well as changes in the credit risk, Fubon Life will regularly review and adjust the asset allocation.

The historical figure is not an indicator of future performance of Fubon Life’s products.

For the details of “Dividend Philosophy”, “Accumulation Interest Rate Philosophy”, “Measure to Manage Potential Conflict”, and the “Fulfilment Ratios of Dividends and Interests”, please refer to Fubon Life’s company website.

Key Product Risks

Nature of the Product and Liquidity Risk

The Plan is of long-term nature and is not of any bank savings nature. You are advised to carefully consider your financial capability, cash flow and liquidity needs before making any purchase decision. The Plan may not be suitable for you and you should not purchase the Plan if you are in need of short-term liquidity.

Policy Currency Risk

Policy currency is denominated in the currency as set out in the Policy Schedule. Should the premiums and benefits requested to be paid in the currency other than the Policy currency, approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt an exchange rate as determined by Fubon Life’s absolute discretion. Please refer to “Foreign Exchange Risk” section below for more details.

Risk on Delaying or Missing Premium Payment

The premium will be paid to Fubon Life and part of the premiums will become part of the assets of Fubon Life while part of it will be paid for the insurance and related costs. The Policyowner does not have any direct rights nor ownership over any of these assets. The Policyowner’s rights are subject to terms and conditions of the Policy Provisions and his/her recourse is against Fubon Life only.

You should pay the initial premium on or before the Policy date and subsequent premium(s) on time according to the selected premium mode. Besides, if you fail to make subsequent premium payment before the expiry of the Grace Period (within 31 or 90 days after the premium due date, as the case may be), the Premium Holiday has not taken effect and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan, the Policy will be terminated on the premium due date that triggers the Grace Period and you will lose the coverage afterward. The Surrender Benefit will be refunded to you. You may refer to the related Benefit Illustration document for details.

Withdrawal Risk

Withdrawal of the accumulated Annual Dividends and interest (if any) is not allowed if the withdrawal shall cause the total Indebtedness under the Policy to exceed 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends and interest (if any).

Surrender Risk

The Plan has a savings component and is subject to risks and possible loss. Should you surrender the Policy or reduce the Nominated Amount of the Policy before maturity, you may receive an amount considerably less than the amount of total premiums paid. Furthermore, reduction in Nominated Amount is not allowed if the reduction shall cause the total Indebtedness under the Policy to exceed 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends and interest (if any).

Termination Condition

Unless otherwise specified, all benefits under the Policy shall terminate on the earliest of the following events:

Death of the Insured Person if no Contingent Insured Person is designated or becomes effective;
At Policy maturity;
Indebtedness under the Policy is greater than or equal to the aggregate of Guaranteed Cash Value and accumulated Annual Dividends and interest (if any);
Surrender or cancellation of the Policy; or
If Fubon Life is unable to collect any subsequent premiums which are due by the expiry of Grace Period, the Premium Holiday has not taken effect and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan.

Suicide

If the Insured Person commits suicide whilst sane or insane within the first 13 months from the Issue Date, the last Reinstatement Date or the effective date of the last change of Insured Person (whichever is the latest), Fubon Life shall only refund to the Policyowner or the estate of the Policyowner the higher of (i) the amount of the premium paid and the prepaid premium (applicable to Policies under the Annual with Prepayment mode) without interest less any benefits paid and Indebtedness; or (ii) the Surrender Benefit as at the date of death resulting from suicide of the Insured Person.

Policy Loan

The Plan offers Policy Loan unless the Premium Holiday is in effect. It may trigger the start of Automatic Policy Loan, if there is outstanding premium. The loan shall bear interest computed at such rate as may be adopted by Fubon Life from time to time. No Policy Loan shall be granted if the loan shall cause the total Indebtedness under the Policy to exceed 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends and interest (if any). Please refer to the Policy Provisions for details.

Non-guaranteed Benefit

The Annual Dividend and its accumulation interest rate, Terminal Dividend and the accumulation interest rate of the remaining balance of the settlement amount at (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity under the regular payment option are not guaranteed. All non-guaranteed benefits are determined by Fubon Life and subject to revision from time to time.

Foreign Exchange Risk

Any transactions involving foreign currencies are subject to risks, the ever changing political and economic conditions may substantially affect the premium amount paid in Hong Kong dollars due to the currency exchange rate or liquidity of currencies. The premiums received by Fubon Life in a currency different from your Policy currency will be converted to the Policy currency at the prevailing exchange rate determined by Fubon Life from time to time with reference to market rates. All monies payable to Fubon Life or by Fubon Life will be paid in Policy currency, or in the currency other than the Policy currency upon your request. Approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt the prevailing exchange rate as determined by Fubon Life’s absolute discretion. Therefore, it may be subject to foreign exchange risks in the process of currency conversion.

Inflation Risk

The benefits provided under your Policy may not be sufficient to meet your future needs as the future costs of living may be higher than that of today due to inflation.

Credit Risk

Fubon Life is the underwriter of the Plan. The Policy is subject to Fubon Life’s credit risk. If Fubon Life is unable to satisfy the financial obligations of the Policy, in the worst scenario, you may lose substantial part of, and even all, premiums paid and benefits provided under the Policy.

Other Information

The Plan is a life insurance product, but not a bank savings plan embedded with a life insurance. The premium is not a placement of a savings deposit with the bank and hence is not protected by the Deposit Protection Scheme in Hong Kong.
Fubon Life is solely responsible for all content, approvals, coverage and benefit payment of the Plan.
Fubon Life reserves the right to accept or reject any insurance application.
Fubon Life is fully responsible for all the above information.
The above information does not contain the full terms of the Policy and is intended for reference only. The full Policy terms and conditions are set out in the Policy Provisions of the Plan. For more information on the Policy terms and conditions, please contact the staff of Fubon Bank.
The above information shall not be construed as an offer to sell or solicitation to buy or provision of any insurance of Fubon Life outside Hong Kong.
Levy collected by the Insurance Authority will be imposed on the policy at the applicable rate, which would be borne by Fubon Life on behalf of policyowners and remitted in accordance with the prescribed arrangements. Fubon Life will review the payment arrangement of levy on insurance premium regularly and reserves the right to revise the arrangement. For further information, please visit Fubon Life’s company website or contact Fubon Life Customer Service Hotline at (852) 2516 0133.
Fubon Life is a private company limited by shares incorporated and registered in Hong Kong and its registered office is situated at Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.

Important Notes for Fubon Bank (Hong Kong) Limited as an Appointed Licensed Insurance Agency

Fubon Bank (Hong Kong) Limited (“Fubon Bank”) is the appointed licensed insurance agency for Fubon Life, and is responsible for introduction of the insurance plans. The Plan is not the product of Fubon Bank. Fubon Bank is not responsible for any Policy terms or obligations of the Plan.
In case you file a written complaint regarding the selling process or processing of the related transaction to Fubon Bank and the complaint is an “Eligible Dispute(s)” as defined in the Terms of Reference for the Financial Dispute Resolution Centre, Fubon Bank is required to enter into a Financial Dispute Resolution Scheme process with you if the Eligible Dispute cannot be resolved after Fubon Bank has issued the final written reply. If the complaint / dispute is related to the Policy term, it should be resolved directly between Fubon Life and you.

Fubon Bank Integrated Customer Service Hotline

2566 8181

(Press 3 after language selection)

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