CCW Global works with Hong Kong life insurance plans which can provide a wide range of settlements to beneficiaries.
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.
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.
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 at the top of this page.
You can learn more about our quotation process by clicking CCW Global Life Insurance Quotes.
If you have any additional questions about Life Insurance Settlement Options in Hong Kong please Contact Us to speak with an expert CCW Global Life Insurance Broker today.