Without limiting the protection period, Generations II offers you a true lifelong protection and an option for legacy planning that tailors your financial situation. It also provides a comprehensive business protection that helps to mitigate financial impact of loss of key person(s) in your company during the unfortunate events to help in business continuity.
The availability of the limited offer version of Generations II is subject to a quota limit (“Limited Offer”). For details, please contact your advisor for a sales illustration1.
- Offers 3 types of premium payment terms: single pay, 5 years and 10 years for lifelong protection
- Help you to grow your wealth with 2 types of non-guaranteed bonuses: Reversionary Bonus2 and one-time Terminal Bonus2
- With 6 underwriting classes, you will be rewarded with a lower premium if you lead a healthier lifestyle
- In case you lose mental capacity to file a claim, the plan supports you through the Mental Incapacity Benefit3
- Offers 3 flexible Death Benefit Settlement Options4 for your family should the worst happen.
- Emergency relief anytime, anywhere with our free Worldwide Emergency Assistance Benefit5
Generations II offers 3 plans:
Generations II - 50 offers an affordable life protection and savings along your evolving needs in your life. We understand you might need more protection in your early stage for achieving life goals at affordable price, starting from age of 65 or the 15th policy anniversary (whichever is later), the guranteed portion of Death Benefit will decrease from 100% of Sum Assured by 5% every year for 10 consecutive years to 50% of Sum Assured, and it will be remained at 50% of Sum Assured till the end of your policy; or by total premiums paid, whichever is higher.
Generations II - 70 prepares you a balance of life protection and savings along your evolving needs in your life. We understand you might need more protection in your early stage for achieving life goals at affordable price, starting from the age of 70 or the 20th policy anniversary (whichever is later), the guaranteed portion of Death Benefit will decrease from 100% of Sum Assured by 3% every year for 10 consecutive years to 70% of Sum Assured, and it will be remained at 70% of Sum Assured till the end of your policy.
Generations II - 100 guarantees a Death Benefit at 100% of Sum Assured for the whole life. It helps you safeguard those who are the most important to you. Enjoy complete life protection throughout the policy, so you and your family can live life carefree.
Limited Time Offer:
Enjoy Free Vaccination Side Effect Cover for Generations II
From now until September 30, 2023 If you successfully apply for Generations II, you will be entitled the free protection against vaccination side effect cover and no registration is required. The offer is subject to terms and conditions. Details please download and refer to the promotion leaflet.
The above information is a product summary only, please contact your Advisor for details. Please refer to the product brochure and sample Policy Document for details including definitions, full terms and conditions and exclusions including product risks. If there is any conflict between the Policy Document and this product summary, the Policy Document shall prevail.
The below disclosure applies to the bonuses of Generations II illustrated in Product Brochure and Proposal:
The projection of illustrated bonuses is dependent on current and ultimate investment yields. The ultimate investment yields make reference to ultimate interest rate assumptions with an additional margin of prudence adopted by the Company. These assumptions are influenced by actuarial guidance on ultimate risk-free interest rates published by the Canadian Institute of Actuaries, amongst other factors. The actuarial guidance as of July 3, 2019 suggests ultimate risk-free interest rates between 3.5% to 5.5%.