CTF Life Celebrates 40th Anniversary with Launch of MyWealth Savings Insurance Plan 2

The celebration dinner was inaugurated by Brian Cheng, Executive Director and Group Co-Chief Executive Officer of NWS Holdings and Non-executive Director of CTF Life; Gilbert Ho, Executive Director and Group Co-Chief Executive Officer of NWS Holdings and Non-executive Director of CTF Life; and Man Kit Ip, Chief Executive Officer of CTF Life, along with the company’s management team. The highlight of the event was a performance by singer-songwriters Phil Lam and Cath Wong, while renowned artist Kelly Chen appeared as a guest performer.

To further promote its brand awareness, CTF Life displayed its new company name on the rooftop LED billboard of COFCO Tower on Hong Kong Island and the large outdoor advertisement at the Royal Hong Kong Yacht Club in Causeway Bay. To celebrate its 40th anniversary, the company also advertised on billboards on five major commercial buildings, including Far East Finance Centre, Harcourt House, Sing Ho Finance Building, Chinachem Century Tower and V Point.

Man Kit Ip, Chief Executive Officer of CTF Life, said: “CTF Life is embarking on a new journey in 2024, proudly stepping into its 40th year. Over the years, we have overcome challenges and seized opportunities together with Hong Kong, achieving remarkable growth. Looking ahead, we will further strengthen our collaboration with the diverse conglomerate of the Chow Tai Fook Group, leveraging its robust financial strength and strategic investments across the globe to continue to expand our service network and optimise our products and services. Drawing on our roots in Hong Kong, we will extend our reach across China and other Asian markets, continually creating value beyond insurance for our target customers.”

MyWealth Savings Insurance Plan 2 for Flexible Wealth Management

To celebrate its 40th anniversary and meet the financial needs of customers at different stages of life, CTF Life has launched MyWealth Savings Insurance Plan 2 (MyWealth 2), building on the success of its MyWealth Savings Insurance Plan (MyWealth 1). The new plan features the first-in-market1 “Wealth Booster Option” 2, which allows customers to change the amount components under the policy to help enhance the projected returns. The plan’s special-in-market1 “Wealth Accumulation Switching Options” 3 give customers greater autonomy to cater their investment preferences at different life stages. MyWealth 2 features “Dual Succession”, which allows unlimited changes of Insured4 and entitles the policy owner to assign up to two beneficiaries for legacy planning, ensuring the continuation of the policy and maximising the efficacy of wealth inheritance.

Jarita Kwan, Chief Product Officer of CTF Life, said, “Based on the thoughtful features of MyWealth 1, CTF Life has launched MyWealth 2 to meet the financial needs of customers at different stages of life. Taking USD policy as an example, MyWealth 2 offers a shorter breakeven period, higher projected returns, and greater flexibility. It enhances withdrawal advantages, allowing customers to seize market opportunities in a timely manner, helping wealth accumulation and inheritance.”

The three main advantages of MyWealth 2

• Dual Succession: After the 6th policy monthly anniversary, customers may change the Insured for unlimited times4. The coverage period will be adjusted to age 128 of the new Insured (“Changed New Insured”), allowing sufficient time for wealth accumulation of the policy. In addition, MyWealth 2 provides a “Policy Continuation Option“9, enabling the Policy Owner to assign up to two beneficiaries and specify the proportion of the Death Proceeds to be paid for each beneficiary. Upon the death of the Insured, the designated beneficiaries will become the new Insured(s), offering flexibility on inheritance.
• Customised Death Benefit Settlement Option: The Policy Owner can designate a specified year or a specified age of the beneficiary to start paying the death benefit. This flexible payment allows each beneficiary to have the most appropriate arrangement, leaving a lasting legacy of love.
• Premium Waiver10: Accidents or diseases are unforeseeable. MyWealth 2 offers “Waiver of Premium Benefit” and “Payor Benefit” to ensure that the accumulated wealth remains unaffected and to safeguard the financial future of the customer’s children.

To help customers realise their financial plans more easily, they can enjoy a First-Year Premium Refund11 of up to 26% when they successfully apply for MyWealth 2. If all premiums payable are settled through a lump sum prepayment, the remaining balance from the prepayment will enjoy a guaranteed interest rate of up to 5% p.a. throughout the whole premium payment period12. This allows customers to start their financial plans at a lower cost.

#The amount components refer to Guaranteed Cash Value, face value and cash value of accumulated Reversionary Bonuses and Terminal Bonus (if any) and accumulated value of Stable Asset Account (if any) of the basic plan.

Hashtag: #CTLife

The issuer is solely responsible for the content of this announcement.

Chow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, nearly 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of NWS Holdings Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in the Greater Bay Area while continuously creating value beyond insurance.

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