Everyone is working hard for their dreams throughout their life journey and aspires to achieve their financial goals with ease as soon as possible. Tahoe Life’s Prime Fortune Savings Protection Plan (the “Plan”) not only addresses your needs of savings and protection, but may also make your dreams come true by providing potential returns.
To fit your financial situation, the Plan offers three premium payment terms: 6 years, 9 years and 12 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.
The guaranteed cash payment1, equivalent to 1.5% (applicable to 6-year premium payment term) or 2% (applicable to 9-year and 12-year premium payment terms) of the guaranteed maturity benefit2, will be payable on the 1st policy anniversary date and every policy anniversary date thereafter until the age of 100 of the insured, the surrender of the policy or the death of the insured, whichever is earlier.
An additional one-off special booster1 of guaranteed cash payment, equivalent to 1.5% (applicable to 6-year premium payment term) or 2% (applicable to 9-year and 12-year premium payment terms) of the guaranteed maturity benefit2, will be payable on the 15th policy anniversary date or at the age of 65 of the insured, whichever is later.
You may choose to leave the guaranteed cash payments in the policy to earn interest3, receive them in cash or apply them towards future premium payments.
An annual dividend3 will be payable on the policy anniversary date. You may choose to leave the annual dividends in the policy to earn interest, receive them in cash or apply them towards future premium payments.
If the policy has been effective for 10 years, it will also bring you additional returns by providing a one-off terminal dividend3 upon the surrender of the policy, the maturity of the policy or the death of the insured. Both the annual dividends and terminal dividend are not guaranteed.
The Plan provides savings returns as well as life insurance up to the age of 100 of the insured, offering comprehensive protection for you and your loved ones. In the unfortunate event of the death of the insured, the designated beneficiary will receive the Death Benefit which is equivalent to the guaranteed cash value or total premiums due and paid of the basic plan of the policy less all guaranteed cash payments paid to you (whether accumulated or withdrawn), whichever is higher; plus accumulated guaranteed cash payments and interest (if any), accumulated dividends and interest (if any) and terminal dividend, less any indebtedness of the policy.
Instead of a lump-sum payment of Death Benefit, you may choose a monthly instalment with fixed amount4 for settling the Death Benefit to your designated beneficiary(ies). So you are in control of the future financial arrangement for the loved ones, and your legacy and love can live on.
If you choose to settle the Death Benefit by monthly instalment with fixed amount, premium payment term of the policy must be completed and the Death Benefit amount must be at least equal to USD125,000. The monthly instalment with fixed amount is determined by a percentage of the Death Benefit while the minimum total monthly amount is 1% of the Death Benefit5.The unpaid balance of the Death Benefit will be accumulated at an interest rate6 to enhance the potential growth for your legacy.
If you apply for the basic plan only, no health declaration and medical underwriting are required. You could instantly kick start your savings plan.
The Plan provides an Accidental Death Benefit7. Its coverage is equivalent to 50% of the total premiums due and paid of the basic plan of the policy, up to USD 25,000 (per insured), providing added protection to you and your loved ones.
If the insured suffers from total disability8 due to disease or bodily injury between age 16 and 60 for a continuous period of 180 days or above, the premiums of the basic plan of the policy payable during the continuance of the total disability will be waived to maintain the protection.
According to your personal needs, you may choose to enhance the protection by adding various supplementary contracts9, such as medical, critical illness, accidental and premium waiver supplementary contracts.