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5-Year QuickPay Whole Life Insurance
Short payment period, lifelong prosperity
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Life is full of ups and downs, as well as twists and turns. That's why you need to ensure that you and your family are prepared for any uncertainty that may lie ahead. 5-Year QuickPay Whole Life Insurance helps secure your family's future by providing you with both lifetime protection and savings while only requiring you to make premium payments for 5 years. What's more, this plan offers free coverage for involuntary unemployment. Enrol now and enjoy complete peace of mind knowing that you and your family will be taken care of when you need it most!
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Short Premium Payment Period
By making fixed premium payments for just 5 years,
you can enjoy both protection and savings for your entire life.
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Plan |
10-Year
Cash Bonus Plan |
15-Year
Cash Bonus Plan |
Premium Payment Period |
5 years |
Protection Period |
Whole life up to the age of 100 |
Issue Age |
01 - 60 |
Currency |
US$ |
Minimum Annual Premium |
$1,000 |
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Guaranteed Cash Value
You will be provided with a Guaranteed Cash Value throughout the policy term to help you achieve your financial objectives and enjoy a greater sense of financial security throughout your life.
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Guaranteed Cash Bonus
For even greater returns, you will receive a guaranteed stream of cash bonuses during the first 10 years or 15 years equivalent to a designated percentage of the Accumulated Standard Annual Premium2 as shown below:
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10-Year Cash Bonus
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15-Year Cash Bonus
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From the 5th to 9th policy anniversaries:
2% per anniversary
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From the 1st to 5th policy anniversaries: 1% per anniversary
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10th policy anniversary:
4%
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7th , 9th , 11th , 13th , and 15th policy anniversaries: 3% per anniversary
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Total after 10 years: 14% of the Accumulated Standard Annual Premium
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Total after 15 years: 18% of the Accumulated Standard Annual Premium
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Based on your particular needs, you may withdraw the bonuses in cash or retain them in the policy to earn extra interest3.
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Special Dividend3
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A Special Dividend will be payable upon policy surrender, death of the insured, or policy maturity if the policy remains in force for at least 10 years (for the 10-Year Cash Bonus plan) or 15 years (for the 15-Year Cash Bonus plan).
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Illustration of Benefits4
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The following illustrates the projected cash values for the 10-Year and 15-Year Cash Bonus plans for a non-smoking male aged 30 who settles premiums annually and retains the guaranteed cash bonuses in his policy to accumulate interest.
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Plan
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10-Year Cash Bonus Plan
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15-Year Cash Bonus Plan
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Sum Insured
(US$) |
37,500
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Standard Annual Premium (US$) |
2,830
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3,571
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Projected Total Cash Value5 at Age 65 (US$) |
Amount
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% of Accumulated Standard Annual Premium
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Amount
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% of Accumulated Standard Annual Premium
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32,651
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231%
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66,962
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375%
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Lifetime Protection
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In the event of death of the insured, a lump-sum amount equal to the Guaranteed Death Benefit, accumulated cash bonuses and interest, and Special Dividend (if any) will be paid to the appointed beneficiary(ies). The Guaranteed Death Benefit is equal to a designated percentage as specified below:
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10-Year Cash Bonus Plan
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15-Year Cash Bonus Plan
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If the insured dies within the first 10 policy years:
110% of Accumulated Standard Annual Premium
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If the insured dies within the first 15 policy years:
115% of Accumulated Standard Annual Premium
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Thereafter:
100% of the sum insured
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Thereafter:
100% of the sum insured
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Unemployment Benefit6
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In the event of involuntary unemployment on or after the 183rd day following the policy issue date, you can enjoy a grace period of up to 365 days for settlement of premium payments. This helps alleviate your financial burden during a period of personal financial downturn.
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Easy Application
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All persons aged 60 or below may enrol in 5-Year QuickPay Whole Life Insurance. If the aggregate sum insured per insured person does not exceed US$500,000, only simplified underwriting is required.
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1
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Age 0 represents a minimum of 3 months of age. |
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During the premium payment period, this refers to the annual premium payable and fully paid up to (i) the end of the policy year preceding payment of the cash bonus or (ii) the end of the policy year in which death of the insured takes place (as the case may be); alternatively, after the premium payment period, this refers to the annual premium payable and fully paid up to the expiration of the premium payment period, and in any of these cases, it excludes any additional premium payable for riders and/or extra premium loading. |
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The Special Dividend and interest on cash bonuses are not guaranteed and the dividend scale and/or interest rate may be changed from time to time by BEA Life Limited at its sole discretion. The distribution and the amount of all non-guaranteed dividend and/or interest (if any) will depend on how well the fund has fared with regard to investment yield, expenses, claims, etc. |
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All figures are for reference only and may differ slightly from other illustration documents due to rounding differences. |
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The Projected Total Cash Value is equal to the sum of the: |
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(i) Guaranteed Cash Value; |
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(ii) Guaranteed Cash Bonuses plus accumulated interest; and |
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(iii) Special Dividend (if any). |
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The Unemployment Benefit is not applicable to policyholders who are self-employed or employed by immediate family members. |
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The projected return is expressed as a percentage of the Accumulated Standard Annual Premium. |
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| Our Promise to Protect Your Best Interests |
| 5-Year QuickPay Whole Life Insurance is an insurance plan with a savings element. Part of the premium pays for the insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the cooling off period and obtain a refund of any premiums paid. A written notice signed by you should be received by BEA Life Limited at 29/F, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kowloon, Hong Kong within the cooling off period (that is, 21 days after the delivery of the policy or issue of a notice (informing you/your representative about the availability of the policy and expiry date of the cooling off period), whichever is the earlier). After the expiration of the cooling off period, if you cancel the policy before the end of the term, the projected total cash value may be less than the total premium you have paid. |
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The above information is for reference only. Please refer to the policy for the
exact terms and conditions and the full list of policy exclusions. For more
information or a copy of the policy terms and conditions,
please contact our Marketing Officer.
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The Bank of East Asia, Limited is an insurance agent authorised by BEA Life Limited ("BEA Life") and Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross"), members of the BEA Group. BEA Life Insurance Series and General Insurance Series are underwritten by BEA Life and Blue Cross respectively.
This is a redirect webpage hosted by Blue Cross (Asia-Pacific) Insurance Limited.
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