HSBC Life Wealth Abundance - Isaac Fang CFA, ChFC, CFP HSBC Life Wealth Abundance - Isaac Fang CFA, ChFC, CFP
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HSBC Life Wealth Abundance

HSBC Life Wealth Abundance 1intro

HSBC Life Wealth Abundance does represent a modern breed of ILP plans to allow 2 free partial withdrawals (ie no partial withdrawal charge ) during the Minimum Investment Period (MIP). 

Truth be told, such MIP have been called encouragement periods. Yes, it is to “encourage” one to stay invested. But no, people have lesser tolerance for measures that penalize access to their monies and HSBC Life understands this.

There is unlimited number of fund switches and the application is hassle-free with no medical examination required.

This plan allows for pre-planned regular withdrawal after MIP. Which is a useful feature if your plan involves periodic withdrawals in future.

HSBC Life Wealth Abundance 2what
HSBC Life Wealth Abundance 3feat
HSBC Life Wealth Abundance 4suit

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 Wealth Abundance 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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