Chow Tai Fook Life Insurance Co (CTF Life) recently celebrated its upcoming 40th anniversary with the launch of its MyWealth Savings Insurance Plan 2, which empowers customers with faster and higher projected returns, greater autonomy and greater flexibility in inheritance planning.
The new plan is an enhanced version of its predecessor, MyWealth 1. It also includes the first-in-market “Wealth Booster Option,” allowing policyholders to adjust their policy components for improved projected returns.
Additionally, it offers the “Wealth Accumulation Switching Options,” providing customers with more control over their investments at different life stages.
Also, MyWealth 2 introduces the "Dual Succession" feature, enabling policyholders to assign up to two beneficiaries and make unlimited changes to the insured, ensuring smoother 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."