China Life Eternal Wealth Review

China Life Eternal Wealth is an endowment plan that gives you generational wealth accumulation with only a single or over 5 to 25 years premium.

China Life Eternal Wealth product details

• Life policy – Endowment and Saving policy
• Generational Wealth Accumulation
  • This policy can be passed down countless times, creating a larger and larger pot of gold for your future generations
• Flexible Premium Payment Term
  • Choose to pay a Single Premium or over 5, 10, 15, 20 or 25 years
• Capital Guarantee
  • 100% of your capital is guaranteed from as early as the 8th policy year
• Change of Life Insured
  • Option to change the life insured an unlimited number of times
• Death and Terminal Illness Coverage
  • Be financially covered against Death or Terminal Illness
• Premium Freeze Option
  • You can opt to defer premium payment after the 10th policy year
• Contingent Life Insured
  • You have the option to assign a contingent life insured to take over this policy in the event of your passing
  • This option can be exercised an unlimited number of times
• Additional Coverage Riders
  • China Life Enhanced Payer Benefit Rider
    • All future premiums are waived in the event of Death,  Total and Permanent Disability, or diagnosis of any of the 36 advanced-stage critical illness
  • China Life Payer Benefit Rider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or Terminal Illness
  • China Life Premium Waiver Raider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or diagnosis of any of the 36 critical illnesses of the life insured
      
      

Read about: Endowment and Saving policy: How does it work?

Read About: Endowment and Saving policy: Is it the best option?

Features of China Life Eternal Wealth at a glance

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

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
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
China Life Enhanced Payer Benefit Rider
China Life Payer Benefit Rider
China Life Premium Waiver Raider

Additional Features and Benefits
Yes.

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

Read About: Effects of compounding returns

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China Life Eternal Wealth may be suitable if you are looking for

China Life Eternal Wealth may potentially be a good fit if the following matters to you:

• A hassle-free application without medical underwriting
• Generational endowment and savings plan
• A one-time premium commitment with no further cash commitment or
• If you are looking to save regularly over a period of time
• To potentially generate higher financial returns compared to bank accounts
  
  

China Life Eternal Wealth may not be suitable if you are looking for

China Life Eternal Wealth may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Lifetime regular cash payout
• Potentially higher financial returns compared to a pure investment product.
• Insurance policy with a high surrender value in the early years of the policy.
  
  

Read About: How can I accumulate a million dollars (Realistically)

Further considerations on China Life Eternal Wealth

• How are China Life or China Life Eternal Wealth investment returns based on historical performance?
• How does China Life Eternal Wealth compare with Endowment policies from other insurance companies?
• Can China Life Eternal Wealth fulfill my financial, insurance, health, and protection needs?
  
  

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

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

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Is China Life Eternal Wealth suitable for me?