Policy Value Withdrawal
Servie Introduction
Policy value withdrawal means the Cash Coupons/ Guaranteed Annuity Payment, Dividend, Prepaid Premium, Account Value of Universal Life Insurance (if applicable) of a policy can be withdrawn in full or specified amount, to meet short-term financial needs. This feature is typically available for whole life or savings-type policies with accumulated cash value. While the withdrawal does not affect the core coverage of the policy, it may reduce the future cash value or payout amount. Policyholders should adhere to the relevant terms and understand the potential impacts to ensure continued protection.
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《Request For Financial Services Form》
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FAQs & Important Notes

The Policyholder may log in to the China Life Overseas APP, select the policy to be queried, enter "Policy Details", and check the policy value under "Policy Account Information".

No handling fee will be charged for Cash Coupons/Guaranteed Annuity Payment/Dividend withdrawal.

For the withdrawal of Prepaid Premium (must withdraw in full at once), a handling fee will be deducted from the withdrawal amount. For handling fee amount, please refer to terms of prepaid premium of the policy.

The policyholder needs to obtain letter of proof from the relevant authorities (such as the Official Receiver's Department).

No, once withdrawn, it cannot be reversed or undone.

The Policy Annual Statement can only reflect the balance of withdrawal account.

No, the bank account holder must be the same as the policyholder. Joint account is not accepted.

There is no limit. As long as the amount withdrawn is within the policy value range, client can withdraw in full amount or a specified amount.

No, if the customer needs to withdraw the policy value at a specific time, they can apply it by paper form.

No, once applied, it cannot be reversed or undone.

Can, the policy value withdrawal request can only be processed after the loan repayment completed.