Enhanced 18-Year Pay Whole Life Insurance Plan

Enhanced 18-Year Pay Whole Life Insurance Plan

Product Summary

A lifelong protection is an important step toward fulfilling your obligation for your loved ones. With our Enhanced 18-Year Pay Whole Life Insurance Plan (the "Plan”), you can have a lifelong coverage with fixed premium payment term at an affordable premium. The Plan also comes with a savings element to help you accumulate wealth in the meantime.

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Lifelong Protection


Guaranteed Cash Value




Optional Additional Protection

Product Features

 Lifelong protection

By paying 18 years of affordable premiums, you will enjoy lifelong protection until age 100. Once the application is accepted, your premiums will remain level even as your age increases, giving you more control over your finances.

If the insured passes away while the policy is in force, the beneficiary will receive a death benefit, which is equal to the sum assured, plus accumulated non-guaranteed dividends and interest1 (if any), less all indebtedness (if any).

 Accumulate wealth through dividends

In addition to comprehensive protection, you will receive a non-guaranteed dividend1 on every policy anniversary while the policy is force. You can either accumulate the non-guaranteed dividends in the policy to earn interest1 until policy maturity, or withdraw2 that, or use that to pay future premiums.

 Flexible access to your wealth

The Plan provides you guaranteed cash value. While the policy is in force, you may take out a policy loan3 to fulfill your cash flow needs.

 Additional protection

To bolster your protection, you may take out different riders, including medical, critical illness and accident, etc. depending on your personal needs.

Product Details

Enhanced 18-Year Pay Whole Life Insurance Plan

Issue age 15 days to age 70
Benefit term To age 100 of the insured
Premium payment term 18 years4
Premium payment mode Annual, semi-annual, quarterly, monthly5, annual and premium prepayment6
Policy currency HKD or USD
Minimum sum assured HKD100,000 or USD12,500


  1. The dividends and interest are not guaranteed. The actual benefits and/or returns may be lower or higher than estimates. China Life (Overseas) reserves the right to revise these from time to time. The actual amount of dividends is subject to the overall performance of China Life (Overseas)’s participating businesses, including investment returns and claims, etc. The prevailing accumulation interest rates of policy(ies) denominated in HKD and USD are 3.45% p.a. and 3.9% p.a. respectively.
  2. You may withdraw the dividends at any time without any charge, however, the policy value and death benefit will be affected in case of withdrawal.
  3. The policy loan interest rate is not guaranteed, please contact China Life (Overseas) for further information.
  4. In addition to premiums, you have to pay policy fee of HKD200/USD25 (subject to policy currency) per year during the premium payment term.
  5. If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered, the policy cash value received by you may be considerably less than the total amount of the premiums paid.
  6. If you choose the annual and premium prepayment option, you can withdraw the unused prepaid premium (including interest, if any) at one time. China Life (Overseas) will charge 2% of the withdrawal amount, at a minimum amount of HKD100/USD12.5. You can withdraw the unused prepaid premium once only. The current interest rate of prepaid premium is 3% p.a. and this interest rate is not guaranteed.

Important Information

The above information is for reference only. The detailed terms, conditions and exclusions of the Plan are subject to the relevant policy contract.

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