Blissful Life Insurance Plan

Being the primary breadwinner in your family, you are committed to protecting your family and offering them the best that you can. The Plan brings you an additional death benefit, ensuring your beloved family have sufficient financial support during hard times. If the insured unfortunately passes away within the first 24 policy years while the policy is in force, in addition to the death benefit equivalent to 100% of the sum assured, the Plan will pay an additional death benefit to the designated beneficiary. The additional death benefit for the first 15 policy years is equal to 88% of the sum assured. Hence, you can get a life protection as high as 188% of the sum assured by just paying premium for a policy with 100% of the sum assured. The total amount of guaranteed death benefit will be gradually reduced starting from the 16th policy year as shown in the following table: 

Schedule of total amount of guaranteed death benefit

Accidents can strike at any time and often catch people unprepared. It can bring along unpredictable financial burden and greatly affect the living standard of your family. Therefore, the Plan provides multiple protections for both the insured and the policyowner, putting a safety net for you and your loved ones in the event of any mishap.

Accidental death benefit¹ – If the insured passes away due to an accident, the Plan will pay an accidental death benefit equivalent to 100% of the total premiums due and paid of the basic plan, up to USD125,000 or HKD1,000,000 (per insured).

Waiver of premium benefit² – If the insured suffers from total disability caused by disease or bodily injury before age 60 for a continuous period of 180 days or above, the premiums payable under the basic plan of the policy during the continuance of the total disability of the insured will be waived. You can rest assured that you and your family can continue to benefit from a comprehensive protection.

Owner accidental death benefit  – If the policyowner passes away due to an accident, the premiums payable under the basic plan of the policy following the date of death of the policyowner will be waived, so that the protection can be kept in place and your love for your family can linger on.

Instead of a lump-sum payment of death benefit, you can choose a monthly instalment with fixed amount for settling the death benefit to your designated beneficiary, so you are in control of the future financial arrangement for your loved ones and family.

You can nominate a contingent owner once the policy becomes effective. Should the policyowner unfortunately passes away, the contingent owner will become the new owner of the policy and can exercise the rights under the policy. Life is full of uncertainty, but you can always plan for a better tomorrow for your loved ones.

As you enter different life stages, your protection needs will be different. You can exercise once the guaranteed insurability option available under the Plan, without any proof of insurability of the insured regardless of the health condition, to purchase a new whole life insurance plan with Tahoe Life within 90 days upon insured's graduation from the university,  the first wedding anniversary,  child born,  or spouse or parent passes away in an accident.

In addition to the guaranteed cash value, the Plan will also pay an annual dividend on the policy anniversary date. You may choose to accumulate the annual dividends⁶ in the policy to earn interest, receive them in cash to realise your life goals, or apply them towards future premium reduction.

After the policy has been effective for ten years, a one-off terminal dividend⁶ will be payable upon the surrender of the policy, the maturity of the policy or the death of the insured to bring you additional returns. Both the annual dividends and terminal dividend are not guaranteed.

To fit your financial needs, the Plan offers five premium payment terms: 5 years, 10 years, 15 years, 20 years and 25 years. The premium is guaranteed to remain unchanged once it is determined and will not be increased with your age, facilitating better financial planning for your future. For choice of 5-year premium payment term, you can choose to prepay the future premiums⁷ at the time of policy application.

According to your personal needs, you may choose to enhance the protection by adding various supplementary contracts, such as medical, critical illness and accidental supplementary contracts, giving you and your beloved family an even more comprehensive protection.