Legacy and Retirement Planning

Financial Planning

Enjoy your retirement life in abundance while protect your beloved ones.

Financial Planning

In Hong Kong, people are increasingly concerned about their retirement in recent years. Based on a RWI survey* conducted in 2015 found that they are having a high degree of uncertainty in retirement financial arrangement as well as estate planning. Many people simply do not know how to better prepare for retirement financially.

We understand the importance of long-term financial security during your retirement, while at the same time planning for a legacy to leave behind. Hence, we have partnered with Manulife to provide you with insurance plans that may meet your needs. Our customized financing planning solutions will help making your dreams come true!

Legacy Planning generally includes the following / or you may consider the following when planning to leave your legacy to your heirs:

  • How to transfer your legacy to your loved ones evenly?
  • How to ensure your legacy is prepared to be transferred?
  • How to grow your wealth with your legacy planning?

 

Legacy Planning
Enjoy Retirement Life in Abundance; Protect Beloved with Legacy Transfer

  • Enhances your wealth so you can realize your dreams without the fear of impacting your legacy
  • May be used as a tool for you to retain more wealth to enjoy your retirement life and protect your legacy for future generations at the same time
  • Provides emergency cash for inheritance according to your wishes without causing resentment amongst your loved ones
*The Retirement Wellness research, commissioned by DBS and Manulife represents the views of more than 6,000 non-retirees on their preparedness and expectations towards retirement. The research spans 6 countries: China, Hong Kong, Indonesia, India, Singapore and Taiwan. In Hong Kong, a total of 1,009 residents, aged 40 to 60 year old took part in the research which was conducted online by Nielsen in November 2015.

 

Example:
Mr. and Mrs. Client, both aged 50, currently have US$1,000,000 in liquid assets and 2 children. They plan to leave half their assets to their children while the other half is for enjoyment in retirement.

Instead of relying on their existing pool of assets, they could take a different approach and use life insurance. Mr. and Mrs. Client use US$360,000 to purchase a life insurance policy on Mr. Client with a Sum Insured of US$1,000,000#, naming their children as equal beneficiaries.

Mr. and Mrs. Client now have US$640,000, which they can use for their retirement lifestyle while having the peace of mind knowing that their children will share a legacy of US$1,000,000#.

The above diagram is for illustration purposes only and may be subject to change. Insurance products are not bank deposits and are not underwritten by DBS (Hong Kong) Limited.

 

#Based on male insured, Hong Kong resident, age 50, Standard Plus non-smoker, Level Death Benefit Option, Universal Life policy at 3.9% interest crediting rate (which is not guaranteed and subject to change). Changes in the interest crediting rate or cost of insurance rate may require additional premium to keep the policy in effect. Please consult your financial advisor, refer to the product leaflet for product features and policy contract for detail terms and conditions. You should seek independent professional advice for financial, legal, tax, accounting or regulatory adviser or fiduciary where necessary.

 

Important Notes:

  1. The policyholder is subject to the credit risk of the insurance company
  2. if the policyholder discontinues and / or surrenders the policy in the early policy years, the amount of the benefits he / she will get back may be considerably less than the amount of the premiums he / she has paid
  3. a description of the past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented is / are not guaranteed and is / are for illustrative purposes only
  4. The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns

 

Start your conversation with wealth planning with us today

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This webpage is for reference and it is intended for use in Hong Kong Special Administrative Region only. It does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction. You should not base solely on this webpage to make decision on applying for the product. The information disclosed above is not exhaustive and you should refer to the policy provision and the leaflet for more information and if in doubt, please seek independent professional advice. You may contact our bank staff to obtain a copy of the policy provision and the leaflet for reference.