HSBC Emerald Legacy Life III is a single premium whole life plan. You may relax knowing that your fortune will be passed down to future generations or kept for your family.
There is much more to your legacy than just the money you leave your family. HSBC Life through PhillipCapital will support you in building your legacy, make sure your intentions for your loved ones are carried out, and help them succeed more by providing them with security and support in the financial realm.
The Quit Smoking Incentive deserves mention. 5% of the single premium paid will be refunded when the life insured quits smoking (must refer to complete terms and conditions in the product summary) anytime within the first 4 policy years.
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.
HSBC Emerald Legacy Life III 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.