MetLife Hong Kong has launched a new policy designed for affluent and high net-worth individuals, offering life protection up to age 120.
The MetLife Enjoy Whole Life Plan features guaranteed life coverage and a guaranteed cash value, with growth potential. According to the insurer, the product is a legacy planning solution for growing assets and building lasting financial security for future generations.
MetLife launched an optional rider for the product, named Amass Savings Benefit, which gives greater focus on wealth accumulation through long-term returns.
Enjoy Whole Life and its rider are single-premium products denominated in US dollars, payable in a lump sum. It’s available for insureds up to age 70, with a sum insured starting at US$500,000. The policyholder can choose between two life benefit options at policy inception, as well as allocate the benefit to specified beneficiaries in the way they prefer.
“MetLife Enjoy Whole Life Plan, along with MetLife Amass Savings Benefit, are designed to help customers lay strong foundations to preserve, protect, grow and pass on their prosperity to future generations,” said Vincent Chan, head of product of MetLife Hong Kong.