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HSBC Life Sapphire Prestige Income II provides regular income to enjoy your retirement with peace of mind. Building a lasting financial legacy for your family entails more than just amassing riches. It is about providing financial stability to future generations at every stage of their lives.
It is a whole life insurance policy at the end of the day. Early termination of the plan leads to capital losses.
It’s potential for use in keyman insurance planning is unique. The option to change the life insured is up to three times during the policy term for both corporate and individual policies. You may change the life insured as long as the new life insured meets our requirements at the time of application.
Note also that this is the second version, to view the previous version click here.
Some things to note. This review 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 Life Sapphire Prestige Income II 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.