China Life Harvest Income Plan (USD) - Isaac Fang CFA, CFP
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China Life Harvest Income Plan (USD)

China Life Harvest Income Plan (USD) Series 3 1intro

China Life Harvest Income Plan enables you to amass wealth in a straightforward and adaptable manner and simply meet your financial needs at various phases of your life.

This product offers lifetime income and is made for long-term savings. You can choose between a single, 5-year, or 10-year payment term. This capital-guaranteed plan will give you a guaranteed yearly income (there is a non guaranteed component too) to safeguard your wealth and will give you a non-guaranteed loyalty bonus every five years.

This will allow you to live the life you want, have a secure financial future, and manage living expenses in retirement and child-related educational costs with ease. This plan will also pay you a death benefit in the event of an early demise or terminal illness, giving you and your family peace of mind.

China Life Harvest Income Plan (USD) Series 3 2what
China Life Harvest Income Plan (USD) Series 3 3feat
China Life Harvest Income Plan (USD) Series 3 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 Harvest Income Plan 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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