ILPs, are they good or bad?May 14, 2023
FWD Life IncomeMay 20, 2023
China Life Eternal Wealth is a multi-generational guarantee for you and your loved ones. You have the ability to harness the power of time to grow and leave a legacy for future generations.
Besides enjoying potentially higher returns from guaranteed cash value and non-guaranteed bonuses (The non-guaranteed annual bonuses may vary according to the future performance of the participating fund, but once declared it will form part of the guaranteed benefits of the policy) for your future generations; stand to enjoy 100% capital guaranteed as early as the end of the 8th policy year.
There is a variety of premium payment terms to choose from. And most interestingly, you can have the option to change life insured to your offspring for an unlimited number of times!
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.
China Life Eternal Wealth 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.