A flexible legacy
planning solution offering wealth growth and protection up to age 120 of the
initial insured person
HONG KONG, CHINA - Media OutReach - 7 December
2018 - MetLife Hong Kong* announced the launch of its brand-new MetLife Precious Savings Plan, an
integrated solution designed for wealth growth and legacy bestowal. The plan
offers the flexibility to change the insured person an unlimited number of
times, as well as guaranteed returns and protection up to age 120 of the
initial insured person.
Hong Kong announced the launch of its brand-new MetLife Precious Savings Plan.
(Left to right: Eva Wong, Chief Agency Officer, and Vincent Chan, Head of Product of MetLife Hong Kong)
Mr. Vincent Chan, Head of Product of MetLife Hong Kong, said,
"MetLife Precious Savings Plan reflects our commitment to navigating life
together with customers, not only throughout their different lifestages but
also from generation to generation. In view of increasing demand for flexible
legacy planning solutions, we have designed the plan with a policy term of up
to age 120 of the initial insured person, along with the flexibility to change
the insured person an unlimited number of times. This way, multiple generations
can enjoy protection and potential returns. With the additional feature of high
cash liquidity, this plan is an effective solution to both grow assets and
build lasting financial security across generations."
Key features of MetLife Precious Savings Plan
- Wealth growth up to age 120 of the initial insured person -- The plan offers guaranteed cash coupons, guaranteed cash value and
dividends (non-guaranteed) as well as protection -- all up to age 120 of the
initial insured person.
- Option to change insured person an unlimited number of times -- The plan provides high flexibility and ease of legacy transfer by
allowing customers to change the insured person an unlimited number of times,
or to designate a contingent insured person, starting from a specific policy
anniversary date+, so that continuation of the policy will not be
affected by the death of the initial insured person.
- High cash liquidity -- Customers can cash out the
guaranteed cash coupons and declared annual dividends (non-guaranteed) to realize
their interim goals, all without having to surrender the policy or interrupting their long-term
- Flexibility to pay at
own pace -- Four premium payment periods are available for customers'
selection: 2, 10, 15 or 20 years. A premium prepayment option is available for
the 2-year premium payment term.
- Enhanced protection - If the insured person becomes
totally and permanently disabled as a result of bodily injury due to an
accident before the age of 65, any further premiums payable under the basic
plan up to US$100,000 will be waived^.
till December 31, 2018, customers who successfully apply for MetLife Precious Savings Plan
can enjoy a premium
discount of up to one month#.
For further details about MetLife Precious Savings Plan, please visit: www.metlife.com.hk/en/customer/precious
+ Refers to
the 5th policy anniversary date after the end of the premium payment
^The aggregate amount
waived under all insurance policies (including the policy of this plan)
covering the same insured person that provides Free Waiver of Premium Benefit
(including any Free Accidental Waiver of Premium Benefit) issued by MetLife
Limited, whether or not those insurance policies are matured and/or terminated
and/or remain in force, shall not exceed US$100,000.
Terms and conditions apply. For further details, please refer to the relevant
The above information is intended for reference only. Please
refer to the relevant Policy Provisions of MetLife
Precious Savings Plan for definitions, detailed terms, conditions and exclusions.
MetLife, Inc. (NYSE: MET), through its
subsidiaries and affiliates ("MetLife"), is one of the world's leading
financial services companies, providing insurance, annuities, employee benefits
and asset management to help its individual and institutional customers
navigate their changing world. Founded in 1868, MetLife has operations in more
than 40 countries and holds leading market positions in the United States,
Japan, Latin America, Asia, Europe and the Middle East. For more information,
* MetLife Limited and Metropolitan Life Insurance
Company of Hong Kong Limited (collectively "MetLife Hong Kong") are
wholly-owned subsidiaries of MetLife, Inc. in Hong Kong and private companies
limited by shares incorporated and registered under the applicable laws in Hong
Kong. Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong
Limited are authorized insurers carrying long term business in Hong Kong.