Life Insurance Settlements
CCW Global works with Hong Kong life insurance plans which can provide a wide range of settlements to beneficiaries.
Types of Life Insurance Settlements
Lump Sum Settlements
If a Hong Kong life insurance plan provides a lump sum settlement then it will provide a single payment to provide the death benefit and complete the insurance contract.
Interest Option Settlement
If an interest option settlement is chose then the insurance company retains the death benefit and provide interest payments to the beneficiary annually or at agreed intervals.
Fixed Period Option Settlement
A Fixed Period Option settlement is essentially the same as purchasing an annuity certain product with the final policy death settlement. Under a fixed period settlement options fixed payments are distributed over a pre-determined amount of time.
A Fixed Amount Settlement Option
Very similar to a Fixed Period Option, an Fixed Amount Option will see the policy benefits paid out at a fixed rate for as long as the money lasts.
Life Income Option Settlement
A life income option settlement will see the policy benefit paid in agreed instalments for the lifetime of the beneficiary. This is very similar to a Life Annuity product.
Free Life Insurance Quotes in Hong Kong
If you would like to look at your options for life insurance coverage in Hong Kong, or if you would like to receive a comprehensive comparison of the life insurance plans best suited to meet your coverage requirements, please complete the short form located here.
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In case of urgent assistance please call our office at (+852) 2114 2840 during business hours.