Hong Kong Life Insurance Settlement Options

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.

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.

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.

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.