With Life Insurance No matter what you will always love and be loved for the rest of your life.

Transcription

1 1 With Life Insurance No matter what you will always love and be loved for the rest of your life.

2 all-in-one compilation for all stages of your life Too often in life, we take things for granted not realizing the risk we and our loved ones are exposed to. A simple yet responsible way in expressing your love is to get you and your loved ones covered, placing uncertainties and eventualities behind. You have much in life to be accountable for, the very last thing you want in life is to see your family left without financial security during difficult times. We recognize that true love to your family is irreplaceable by any means; nonetheless your commitment to your insurance policy certainly reinforces your love towards them. At Hong Leong Assurance, we understand your financial and protection needs. Designed to cater to your required needs, HLA EverLife Plus is a regular premium investment-linked plan that provides comprehensive coverage to you and your family. In any event of death, total and permanent disability (TPD) or even old age disablement (OAD), your family will glide through each day knowing that they are financially taken care of. 2

3 HLA EverLife Plus is designed to provide a long term protection with wealth accumulation throughout the policy term until the age of 100^. To enjoy this, you just need to instill the habit of making regular and disciplined savings. The roadmap to owning your HLA EverLife Plus Policy Step 1 Identify your affordable premium and protection needs. Step 2 Identify your funds choices. Step 3 Charges and fees will be deducted monthly from your policy s fund value. If you choose to have higher protection, the insurance charges are correspondingly higher and thus you have lesser amount left for wealth accumulation. Similarly if you look forward to more savings, you may then allocate lesser amount for protection. Step 4 You may opt to convert to a reduced paid up policy as early as the 3 rd anniversary if you wish not to continue paying basic premiums, provided there is sufficient fund value to pay for the one-time charge. Coverage may be reduced upon reduced paid up depending on the fund value at the point of conversion. Step 5 (a) Upon maturity, you will receive your savings which is secured through our unique investment strategy that locks in * Minimum Guaranteed Unit Price at Fund Maturity 1. (b) Upon claim, you are protected against uncertainties of life with a benefit of sum assured plus fund value. You may enhance your protection and savings through riders with additional premiums. ^ Your insurance charge (which is not guaranteed and deducted from the fund value) will increase as you get older. It is possible that the fund value may be insufficient to pay for the insurance charge and policy fee in later years due to circumstances such as poor fund returns or withdrawals causing your policy to lapse before attaining the age of 100. In such event you may need to top up your premium to ensure continuous coverage. * If you invest in HLA EverGreen Fund Series. 3 1 Please refer to item no. 1 in Appendix.

4 Highlights Protection: Pay the sum assured and fund value upon Death (prior to age 100), TPD (prior to age 65) or OAD (from age 65 till age 100), whichever occurs first 2. Wealth Accumulation: Any allocated premium will be invested into any funds of your choice to maximize your returns to build a savings nest for your future plans. Flexibility: When more premiums are paid, more savings are built. This plan allows you to save for your whole life. However, when sufficient fund has been built, you may choose to go for a premium holiday! If you wish not to continue paying premiums, you may even opt for reduced paid up ** as early as the 3rd policy anniversary, provided there is sufficient fund to pay for the one-time charge. ** Your fund value after reduced paid up may be lower than the fund value should you continue paying your premium. The more you can afford to save, the higher your fund value may be. 1 Please refer to item no. 1 in Appendix. 2 Please refer to item no. 2 in Appendix. 3 Please refer to item no. 3 in Appendix. Your protection benefit In the event of TPD prior to age 65 or OAD from age 65 and above or death at any time of the Life Assured during the term of the policy, the sum assured plus fund value 2 would be paid to financially secure you and your family. The level of protection depends on your needs at different stages of life. If you choose to have higher protection, the insurance charges are correspondingly higher and thus you have lesser amount left for wealth accumulation; similarly if you look forward to more savings, you may then allocate lesser amount for protection. This plan is designed to give you full flexibility in adjusting between protection and wealth accumulation at any stage of your life. For your family, each member is unique in their own ways and the flexibility of this policy caters for such needs. Path toward long term success of wealth accumulation HLA EverLife Plus plan maximizes your savings through our various professionally managed investment funds that will cater to your individual risk appetite and investment style. Our HLA EverGreen Fund Series with 5 different fund maturity dates are designed with unique profit lock-in feature that earns you Minimum Guaranteed Unit Price at Fund Maturity 1. Interestingly you are aware of the Minimum Guaranteed Unit Price at Fund Maturity 1 even before the policy matures. How is Minimum Guaranteed Unit Price at Fund Maturity 1 derived? At each point of investment, your unit price will be multiplied with a boost factor 3. This boosted unit price will be the unit price guaranteed at fund maturity 1. This fund maturity unit price is the minimum guaranteed 1 you would receive. Whenever the boosted unit price reaches a new high, the Minimum Guaranteed Unit Price at Fund Maturity 1 will be 4 revised to this higher unit price.

5 An illustration of the lock-in boosted unit price: Boosted Unit Price The Minimum Guaranteed Unit Price at Fund Maturity 1 is the highest lock-in boosted unit price. X X Lock-in Boosted Unit Price Boosted Unit Price Note: The highest lock-in boosted unit price is only payable upon the Fund s maturity. However, in the event of surrender, the policy value shall depend on the prevailing unit price. Fund Maturity Year In short, when you invest in these Funds, you are assured with the Minimum Guaranteed Unit Price at Fund Maturity 1 in advance! Your savings is ever growing with us. Most importantly, we safeguard your savings needed for different stages of your life from unpredictable market fluctuations. How do HLA EverGreen Funds optimize your savings? The performance of the EverGreen Funds are linked to a basket of global multi-assets # dynamically allocated to optimize gains for your savings. Geographical Asset Types Strategy Risk Management Diversified across US, Europe, China, Japan, Emerging Markets Equities, Currency, Rates, Commodities, Property, Hedge Fund Strategies All weather strategy that allows long or short in assets and regularly re-balances between defensive and risky assets to capture all market trends with a long position in an overall portfolio. Frequent monitoring of the volatility of the underlying fund. 5 # Please refer to the Fund Fact Sheet or the Sales Illustration for further details. 1 Please refer to item no. 1 in Appendix.

6 HLA EverGreen Fund Series consists of five Funds with different maturity dates: Funds HLA EverGreen 2023 HLA EverGreen 2025 HLA EverGreen 2028 HLA EverGreen 2030 HLA EverGreen 2035 With these five Funds, you are assured with guaranteed savings to meet your financial needs at different stage of your life. When your selected Fund matures, your savings corresponding to the Fund will be available at the minimum guaranteed unit price for you to fulfill your financial needs. Fund Maturity 26 December December December December December 2035 You also have the options to roll over the available savings to a longer tenure fund before your policy matures. How to further optimize your wealth with us? There are two additional features to enhance your savings. 1. Guaranteed Bonus Units The longer you stay with us, the more you could save through additional units: Beginning of Year Guaranteed Bonus Units and onwards 2. Guaranteed Additional Allocations If you save more, we will help you to invest more for your savings goal: Basic Annualized Premium (RM) Less than 12,000 12,000 to 23,999 24,000 and more 0.04% of your fund value 0.08% of your fund value 0.12% of your fund value 0.16% of your fund value 0.20% of your fund value Guaranteed Additional Allocations in Year 1 and Year 2 (% of Premium) 0% 2% 4% Ultimate Flexibility Your premium payment can be as short as 3 years by converting to a reduced paid up ** policy, provided there is sufficient fund value to pay for a one-time charge at the point of conversion. Your basic policy is guaranteed to be in force until age 75 once converted to a reduced paid up policy. During the tenure, the insurance charge and policy fee shall cease. At the end of the tenure, you may be required to continue the regular premium payments or choose to be on premium holiday which uses your fund value to meet the monthly charges. This flexibility lessens your financial commitment at difficult times allowing you to reprioritize your savings objectives. ** Your fund value after reduced paid up may be lower than the fund value should you continue paying your premium. The more you can afford to save, the higher your fund value may be. 6

7 Add-on benefits Each individual will experience some life changing breakthrough at different stages of life. Such experiences may incur additional financial commitments, which is why our wide range of riders provide you with solutions such as retirement planning and waiver of premium to name a few. 7 What do you need to know? Eligibility: Entry age of the Life Assured Age of the Policy Owner Basic Sum Assured Annualized Premium Payment Frequency Policy Term Flexibility: Switching between Funds Withdrawal Increase or decrease sum assured Charges: Premium Allocation 5 6 Policy Fee inclusive of GST Fund Management Fee per annum (as % of Net Asset Value of the Fund) Reduced paid up one-time charge Minimum: As early as 13 weeks of gestation Maximum: 70 years old Minimum: 16 years old Minimum: Depends on your entry age 4 or subject to minimum of RM 10,000 Maximum: Subject to underwriting Minimum: RM 780 Maximum: Subject to underwriting Monthly, quarterly, half-yearly & yearly 100 Entry Age As your savings plan may differ later, you may switch between Funds of different maturity dates to continue meeting your savings plan without charges. You may do a partial withdrawal of at least 100 units each time for immediate cash, subject to prevailing administrative rules. You may vary the basic coverage for different stages of life. Increase in sum assured will subject to underwriting. Partial of the 6 years premium will be deducted for expenses and the balance will be allocated to purchase units. RM 5.30 per month 1.30% for HLA EverGreen Fund Series 1.45% for HLA Value Fund % for HLA Venture Flexi Fund ## 1.50% for HLA Venture Growth Fund ## 1.50% for HLA Venture Blue Chip Fund ## 1.40% for HLA Venture Dana Putra ## 1.30% for HLA Dana Suria 1.25% for HLA Venture Managed Fund ## 1.00% for HLA Secure Fund 0.50% for HLA Venture Income Fund 0.25% for HLA Cash Fund It varies according to your attained age, smoker status, time of conversion, gender and reduced paid up sum assured. It is highly recommended that you ask for and study our Sales Illustration and Product Disclosure Sheet. You should assess the suitability of the product in relation to your financial goals and risk appetite. You should satisfy yourself that this policy will best serve your needs and the premium payable under the policy is an amount that you can afford. The Company reserves the right to change the Fund Management Fee of HLA EverGreen Funds, HLA Value Fund, HLA Secure Fund, HLA Dana Suria, HLA Cash Fund and HLA Venture Income Fund by giving 90-day prior written notice. The Fund Management Fee of HLA Venture Flexi Fund, HLA Venture Growth Fund, HLA Venture Blue Chip Fund, HLA Venture Dana Putra and HLA Venture Managed Fund may be reviewed and revised monthly subject to the maximum Fund Management Fee chargeable. The Company reserves the right to amend the fees and charges of this policy by giving a 90-day prior notice and such amendment will be applicable from the next anniversary date of this policy. The returns of Funds are not guaranteed but the Minimum Guaranteed Unit Price at Fund Maturity 1 (applicable to HLA EverGreen Funds only) will be guaranteed payable at fund maturity. The potential risks in investing in the Funds are borne by you. Please refer to the Fund Fact Sheet or the Sales Illustration for details. The value of your policy s benefits for Death, TPD and OAD may fall or rise depending on the performance of the underlying assets of the Funds. TPD and OAD benefits will be paid in accordance to the company s TPD and OAD provision. All applications are subject to underwriting approval. ## This is the maximum Fund Management Fee chargeable. The Company reserves the right to change the maximum Fund Management Fee. 1 Please refer to item no. 1 in Appendix. 4 Please refer to item no. 4 in Appendix. 5 Please refer to item no. 5 in Appendix. 6 Please refer to item no. 6 in Appendix. 7 In the event that the net fund performance is below 5% per annum based on the performance assessment on the last business day of September of each year, an amount equivalent to 0.5% per annum of the fund s Net Asset Value (NAV) will be ploughed back to the fund in four equal weekly payments. The first payment will be due on the first business day of October of each year.

8 How to notify claim? In the event of a claim, you just need to submit a written notice on the occurrence of the claim event. What happens if you terminate your policy early or cease premium payment? The purchase of this policy is a long-term commitment and it is not advisable to hold the policy for a short period of time. If you terminate your policy prematurely, it may result in you getting back less than the premium you had earlier paid for in this policy. If you retain your policy at the time being but opt for a premium holiday by using your fund value to meet the monthly insurance charge and policy fee, your policy may be terminated at a later stage when the units in your policy become insufficient to pay for the charges thus resulting in the termination of protection. Please refer to the reduced paid up option for details on how it allows you to discontinue premium as early as the 3 rd policy anniversary while your policy stays effective until the end of policy year immediately after Life Assured attains age 75. Your satisfaction is guaranteed You have 15 days to review your policy after the delivery date. If for any reason you decide not to take up the policy, you may cancel the policy and you will get the fund value, unallocated premium, fees and charges and any applicable tax deducted less any medical expenses incurred. 8

9 Appendix: 1. HLA EverGreen Funds are managed by HLA. Allocated Premiums of the policy invested in these funds are invested by HLA on behalf of Policy Owner in a Floating Rate Negotiable Instrument of Deposits ("FRNID") issued by CIMB Bank Berhad. The amount invested in the FRNID is guaranteed by the issuer if held to maturity. If the issuer of the FRNID defaults or insolvent, the Policy Owner risks losing part or all of his/her allocated premium amounts that were invested into the FRNID on their behalf by HLA The basic coverage of sum assured and fund value is effective from 31 days from birth. If the policy is issued to an unborn child, in the event of Death of the Life Assured from the commencement date up to 30 days from birth or in the event of TPD of the Life Assured from birth up to 30 days from birth, the amount payable shall be the higher of Total Premium Paid or Fund Value for this Basic Policy. 3. The Boost Factor shall decline linearly from its initial value given in the table below, to achieve a value of 100% on the Normalisation Date and remains at 100% thereafter. Fund HLA EverGreen 2023 Fund HLA EverGreen 2025 Fund HLA EverGreen 2028 Fund HLA EverGreen 2030 Fund HLA EverGreen 2035 Fund Initial Boost Factor as of 1/2/ % % % % % Normalisation Date 03/09/ /01/ /01/ /04/ /08/2027 The Boosted Unit Price (before tax) is computed based on the following formula: Boosted Unit Price = Unit Price x Boost Factor 4. The minimum sum assured is a multiple of your basic annualised premium as follows: Age Minimum sum assured factors 0 to to to to Your allocated premium will be used to purchase units. An illustration: Assume your basic annual premium is RM Year Allocated Premium (%) Allocated Premium (RM) 6. GST payable is based on the current rate of 6%. The tax rate is subject to change by the authorities from time to time. If the tax rate changes, the amount payable shall be adjusted accordingly. Important: This brochure is merely for simple brief information and is never intended to be a basis of an insurance policy or contract of insurance. Please ask for a copy of our policy for specific terms, conditions and exclusions of coverage for perusal. The information contained in this brochure may change without prior notice. Hong Leong Assurance Berhad is licensed under Financial Services Act and regulated by Bank Negara Malaysia. 1 45% % % % % to % and above 15 7 and above 100% 1,000

10 HongLeong Assurance Ibu Pejabat NORTHERN / 北马 / UTARA Alor Setar No. 169, Susuran Sultan Abdul Hamid 11, Kompleks Perniagaan Sultan Abdul Hamid Fasa Alor Setar, Kedah. Tel : Fax : CENTRAL / 中马 / MALAYSIA TENGAH Kuala Lumpur Level 30, Menara HLA No. 3, Jalan Kia Peng Kuala Lumpur Wilayah Persekutuan. Tel : Fax : SOUTHERN / 南马 / SELATAN Melaka No 2A & 6, Jalan PPM2 Plaza Pandan Malim Business Park Balai Panjang Melaka. Tel : Fax : EAST MALAYSIA / 东马 / MALAYSIA TIMUR Kota Kinabalu Lot Ground Floor Lorong Lintas Plaza 1 Lintas Plaza, Jalan Lintas Kota Kinabalu, Sabah. Tel : , Fax : HLA Bukit Mertajam No 2, Lorong Usahaniaga Satu Taman Usahaniaga Bukit Mertajam Pulau Pinang. Tel : Fax : Ipoh No 1 & 3, Persiaran Greentown 4 Pusat Perdagangan Greentown Ipoh, Perak. Tel : , Fax : Klang No 1, Lorong Tiara 1B Bandar Baru Klang Klang, Selangor. Tel : , Fax : Petaling Jaya Unit 401C, Level 4, Tower C Uptown 5, 5 Jalan SS21/39 Damansara Uptown Petaling Jaya, Selangor. Tel : Fax : Batu Pahat No 35, Jalan Kundang Taman Bukit Pasir Batu Pahat, Johor. Tel : , Fax : Johor Bahru Level 27, Menara Landmark No 12, Jalan Ngee Heng Johor Bahru, Johor. Tel : Fax : Sandakan 1st Floor, Block 18, Lot 11 Bandar Indah Mile 4, North Road Sandakan, Sabah. Tel : , Fax : Kuching 22B & 22C, Jalan Rubber, Lots 342 & 343, Section Kuching, Sarawak. Tel : , Fax : Pulau Pinang Suite 03-01, Menara IJM Land 1 Lebuh Tunku Kudin Gelugor, Pulau Pinang. Tel : , Fax : Seremban No 100 & 101, Jalan Toman 5 Kemayan Square Seremban Negeri Sembilan. Tel : Fax : Kluang No 7, Bangunan HLA Jalan Yayasan Kluang, Johor Tel : , Fax : Miri Lot 942, Ground Floor, Jalan Parry Miri, Sarawak. Tel : , Fax : A special edition protection set for extensive coverage * Accidental Protection Riders * Critical Illness Riders * Deferred Annuity * Medical Riders Sungai Petani No 9C, Jalan Kampung Baru Sg Petani, Kedah. Tel : , Fax : EAST COAST / 东海岸 / PANTAI TIMUR Kota Bharu PT225, Jalan Kebun Sultan Kota Bharu, Kelantan. Tel : Fax : Kuantan B28, Lorong Tun Ismail Kuantan, Pahang. Tel : , Fax : For further information, call our friendly HLA agent today Pontian No 662, Jalan Taib Pontian, Johor. Tel : Fax : Muar 3rd Floor, No.2 & 3 Pusat Dagangan Bakri Off Jalan Bulatan Bakri Muar, Johor. Tel : Fax : Sibu Medan Jaya Commercial Centre 3rd Floor No 17 & 19 Lorong Wong King Huo 1B Sarawak. Tel : , Fax : HLA/Agency/EverLovePlus/ /V6 collection all-in-one compilation for all stages of your life A special edition protection set for extensive coverage * Accidental Protection Riders * Critical Illness Riders * Deferred Annuity * Medical Riders