USD Interest-Variable Life Insurance Combined With Severe Cancer Protection
Hontai Life has launched the "Hontai Life Meikang Fuchuan USD Interest-Variable Whole Life Insurance (UPJ)", combining USD interest-variable whole life insurance with severe cancer protection, allowing policyholders to prepare for personal health risks while planning long-term asset legacy. The company said that, facing the two major life issues of asset legacy and health risks, how to reserve financial flexibility for sudden illness while accumulating wealth has become an important consideration for the public in planning future protection, and this product responds to policyholders' diverse needs for USD asset allocation, family legacy, and cancer protection.
Wealth Legacy Requires Complete Currency Allocation
As life stages move forward, long-term allocation of wealth and generational legacy will be an important family issue. For this need and considering the completeness of currency allocation planning, insurance advisors generally recommend USD-denominated interest-variable life insurance to balance protection and legacy. Hontai Life further stated that the focus of legacy planning is not only how much assets to leave behind, but whether protection and fund utilization can be properly arranged according to family needs. While addressing asset accumulation and transfer for wealth legacy, health risks that may arise at different life stages must also be considered together to make protection more complete. UPJ provides USD-denominated whole life protection, and in addition to a value-added feedback sharing mechanism, it also combines severe cancer protection, giving policyholders more diverse planning options when considering family responsibilities, long-term financial goals, and personal health.
Cancer Tops the Top Ten Causes of Death, Highlighting the Financial Gap
According to the 114-year cause-of-death statistics published by the Ministry of Health and Welfare, cancer ranked first among the top ten causes of death, with 54,838 cancer deaths for the year, accounting for 27.48% of all deaths. In response to medical, care, and living expense needs arising from cancer, Hontai Life launched UPJ, aiming to help policyholders address financial needs under disease risk while arranging asset legacy, reserving financial flexibility for sudden illness.
Example Calculation Explains Lump-Sum and Installment Payments
Taking a hypothetical case of a 40-year-old male insured under UPJ with a six-year payment term, the basic insured amount is 153,444.80 USD, with a scheduled annual premium of 10,204.08 USD. If qualifying for the 2% high-coverage and bank-transfer discount, the actual annual premium paid is 10,000 USD. Assuming the declared interest rate remains at 4.35%, and the value-added feedback sharing is handled as agreed, if the insured dies at age 80, the calculated lump-sum death benefit is 188,331.03 USD; if electing 20-year installment payments at a designated ratio of 100%, and calculated at a scheduled installment interest rate of 2.50%, about 11,786.24 USD can be received each year, totaling 235,724.80 USD over 20 years, providing a reference for policyholders planning long-term family financial arrangements.
Note Exchange-Rate Risks and Declared-Rate Features
Hontai Life also reminded that when purchasing foreign-currency-denominated interest-variable life insurance, attention must be paid to the exchange-rate risk of foreign-currency policies, and that the declared interest rate is not a guaranteed rate, and policyholders should carefully assess their own financial situation and protection needs to prepare for the future of themselves and their families.