China Life Prosperous Retirement - Isaac Fang CFA, ChFC, CFP
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China Life Prosperous Retirement

China Life Prosperous Retirement 1intro

China Life Prosperous Retirement allows you to plan ahead for your peaceful and carefree retirement. Some of the key benefits to this limited premium payment, participating endowment plan include:

  1. Certainty of receiving guaranteed monthly retirement income.
  2. Capital Guarantee (T&C applies)
  3. Retirement Celebration.
  4. Financial Protection for Retrenchment.
  5. Option to Advance Monthly Income.
  6. One-time Gift when Policy Matures.
  7. Potential Extra Monthly Incomes.
  8. Major Cancer Coverage.
  9. Death and Terminal Illness Coverage (More details on inquiry)
China Life Prosperous Retirement 2what
China Life Prosperous Retirement 3feat
China Life Prosperous Retirement 4suit

Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.

There can be shifts in planning narratives over time. For example, limited premium tenures gain popularity over the years because people are less confident of their future earning capacity or sustainability of income levels. Regular payout features gained popularity when more and more people are in tune with the FIRE (Financial independence retire early) movement. An extended period of low interest rates brought down insurance products’ returns yield for policy holders, but now in a rising interest rates environment, things are set to change.

China Life Prosperous Retirement may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.

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