HSBC Life ValueLife Review

HSBC Life ValueLife is a non-participating whole life insurance plan that lets you reduce your coverage, at either ANB 65 or 80. If nothing happens, you can surrender HSBC Life Value Life and get back 100% of premiums paid at the end of year 15.

HSBC Life ValueLife product details

• Life policy – Whole Life Policy
• Guaranteed lifetime protection with a limited premium paying term
  • Pay regular premiums for only the first 15 years  and be insured against Death and
    Terminal Illness up to ANB 99.
• Insurance Coverage 
  • Covers Death and Terminal Illness up to ANB 99.
  • Covers Total and Permanent Disability before ANB 65.
• Guaranteed refund of premiums
  • Receive 100% of the total premiums paid at the end of year 15, if you decide to surrender your policy and if there is no premium loading.
• Guaranteed maturity benefit
  • If no claims have been made up to ANB 99, the reduced Sum Insured, i.e. 70% of the basic Sum Insured, will be paid out in one lump sum as the maturity benefit.
    
    

Read About: Whole Life Policy: How does it work?

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Features of HSBC Life ValueLife at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
Nil

Additional Features and Benefits
Yes.

For further information and details, refer to HSBC Life website. Alternatively, fill-up the form below and let us advise accordingly.

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HSBC Life ValueLife may be suitable if you are looking for

HSBC Life ValueLife may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Health and Protection coverage due to a shortfall in your Insurance Portfolio.
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
  
  

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HSBC Life ValueLife may not be suitable if you are looking for

HSBC Life ValueLife may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• Access to cash from your policy on a regular basis.
• Insurance policy with a high surrender value in the early years of the policy.
• Potentially higher financial returns compared to a pure investment product.
  
  

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Further considerations on HSBC Life ValueLife

• How is HSBC Life or HSBC Life ValueLife investment returns based on historical performance?
• How does HSBC Life ValueLife compare with Whole Life Policies from other insurance companies?
• Can HSBC Life ValueLife fulfill my financial insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features on HSBC Life ValueLife. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life ValueLife.

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Is HSBC Life ValueLife suitable for me?