Monthly Income Protection Plan - Luen Fung Hang Life Limited

Give You a Prosperous Future

Maybe you are satisfied with your status quo, but you can still prepare a more prosperous future or retirement life to you and your family. Monthly Income Protection Plan favors the preparation for the future by offering not only up to 15-year guaranteed Monthly Income, but also a lump sum of Guaranteed Bonus by the commencement of the Income Period.

Short Premium Paying Periods

This plan provides 3 types of premium paying periods, i.e. 3-year, 5-year and 10-year, plus different accumulation period and income period to suit your needs

	Monthly Income 6	Monthly Income 10	Monthly Income 15
Premium Paying Period	3 years	5 years	10 years/span>
Accumulation Period	6 years(1st to 6th policy year)	110 years(1st to 10th policy year)	15 years(1st to 15th policy year)
Income Period	6 years(7th to 12th policy year)	10 years(11th to 20th policy year)	15 years(16th to 30th policy year)
Protection Years	12 years	20 years	30 years

Monthly Income brings you No Worries

You may decide the specific amount of guaranteed Monthly Income to be paid during the Income Period to fit your personal needs. Besides, the plan provides extra non-guaranteed Monthly Income1 to enhance the return. You can choose withdrawal or accumulation with interest of the guaranteed Monthly Income and non-guaranteed Monthly Income. If accumulation with interest is chosen, you may withdraw it anytime or at maturity to suit your needs.

Guaranteed Bonus for More Flexibility

By the commencement of the Income Period, a lump sum Guaranteed Bonus will be paid. You may choose accumulation with interest and withdraw it anytime or at maturity to suit your needs.

	Monthly Income 6	Monthly Income 10	Monthly Income 15
Guaranteed Bonus Amount	Guaranteed Monthly Incomex 12 times		Guaranteed Monthly Incomex 18 times

Example:

To illustrate the example of Monthly Income 6, the premium paying period is as short as 3 years and the Guaranteed Bonus will be paid in the 6th policy year. Starting from the 7th to 12th policy year, the guaranteed Monthly Income and non-guaranteed Monthly Income will be paid:

Life Protection without Worries

If the Insured dies while this plan is in force, a death benefit will be paid to his/her family.

	Death Benefit
Accumulation Period	During the first 2 policy years: 102% of the premium paid OR Guaranteed Cash Value as at the date of death of the Insured (whichever is greater) add Accumulated Dividends Starting from the 3rd policy year: 105% of the premium paid OR Guaranteed Cash Value as at the date of death of the Insured (whichever is greater) add Accumulated Dividends
Income Period	Guaranteed Cash Value as at the date of death of the insured add Accumulated Dividends and Accumulated Guaranteed Bonus and Accumulated Guaranteed Monthly Income and Accumulated Non-Guaranteed Monthly Income

Annual Dividends² as Extra Return

Annual dividends will be distributed annually. During the Accumulation Period, the annual dividends will be distributed in terms of cash payment, you may choose to accumulate with interest, cash withdrawal and premium reduction. During the Income Period, the annual dividends and accumulated dividends will accumulate with interest at the Company and be distributed in terms of non-guaranteed Monthly Income.

Fixed Premium for Your Better Planning

Premium is guaranteed to be fixed during the premium paying period. It will not increase with the Insured's age, so you can have a better plan for your future.

Guaranteed Issued

This is a guaranteed issue plan and no medical examination is required.Application procedure is simple.

Supplementary Benefits

This plan offers Waiver of Premium Benefit³ and Payor Benefit³ to fit your personal needs.

Plan Options

	Monthly Income 6	Monthly Income 10	Monthly Income 15
Issue Age	0 - 65	0 - 60
Guaranteed Monthly Income	From HKD 800 or USD100
Protection Period	12 years	20 years	30 years

Non-guaranteed Monthly Income is not guaranteed and the amount is determined based on the actual annual dividends and the interest accumulation rate of accumulated dividends (if any).
Annual dividends are not guaranteed.
Only accept up to 1.5 times standard cases

The above information is for reference only. Please refer to the policy document for the exact terms and conditions.