YF Life launches “Prosperous Infinity Saver”

All-in-one Plan with High Potential Returns, Legacy Creation, and Lifetime Annuity Enjoy Up to 30% Annualized Premium Discount and Up to 8% p.a. Preferential Interest Rate on Future Premium Deposits

February 1, 2024

The flagship product series “Infinity Saver” of YF Life Insurance International Ltd. (YF Life) has been popular ever since its launch. To meet constantly evolving customer needs in wealth management, YF Life has launched its “Prosperous Infinity Saver”, an all-in-one plan with high potential returns, legacy creation, and a lifetime annuity, as well as other special features, helping customers to achieve financial goals faster and pass on their wealth to future generations via various flexible arrangements. 

Ms. Jasmine Hui, Vice President of Product Strategy and Pricing at YF Life, said, “Wealth accumulation and legacies are considered by many as a great blessing to the loved ones. In order to satisfy the growing demand for wealth management, YF life is launching ‘Prosperous Infinity Saver’ which allows customers to achieve three major financial goals in a single savings insurance plan: capital accumulation, retirement, and legacy creation. The plan not only offers a Guaranteed Cash Value, but also non-guaranteed “Reversionary Bonus” and “Terminal Bonus” that provide customers with enhanced potential returns. Customers may exercise the Bonus Lock-in Option from a specified policy anniversary onwards and transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account to earn interest or withdraw cash from the account. The future is full of uncertainties, that’s why the plan offers a wide range of wealth allocation flexibilities, such as the 12 lifetime annuity options, that customers may opt to convert all of the accumulated Cash Value into an annuity with guaranteed lifetime payouts, or convert part of the Cash Value into a lifetime annuity and leave the balance to accumulate in the policy. To cater to customers’ financial planning needs, the plan offers a choice of up to 9 policy currencies, including US Dollar (US$), Hong Kong Dollar (HK$), Macau Pataca (MOP)¹, Renminbi (RMB), British Pound (GBP), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), and Swiss Franc (CHF), which may be flexibly changed² as early as from the first policy anniversary onwards. Customers may also split the policy² into several policies by converting a portion of its Cash Value and passing on the policies to their loved ones. Moreover, the plan offers a range of advanced instruction options and arrangements that let customers map out their legacy planning in advance.”

To satisfy customers’ financial planning needs at different stages of life, “Prosperous Infinity Saver” provides numerous flexible arrangements that are first in the market³, including “Policy-split Advance Instruction Option”², by which the policy owner can split the policy to another policy when they pass away by converting a portion of its Cash Value so as to pass on their wealth to the next generation; and in case the beneficiary has not yet come of age when the Insured passes away, the “Settlement Option for Juvenile Beneficiary”² enables the Death Benefit to be kept until the beneficiary reaches the age of 18, and to be credited to the beneficiary as a lump-sum payment. The policy owner can choose the “Mental Incapacity Advance Instruction Option”², a feature rarely available in the market, and make an advance instruction to nominate their loved ones to be the owners of the whole policy or a split policy in the unfortunate event of mental incapacitation or a designated illness, so as to ensure that family members have access to the assets from the policy in case of emergency. In addition, customers may opt to transfer the policy ownership/change the Insured on unlimited occasions in order to grow and share the wealth across the generations. 

With the launch of the “Prosperous Infinity Saver”, from now until March 28, successful applicants will enjoy up to 30% annualized premium discount⁴. In addition, a limited offer of up to 8% p.a. Preferential Interest Rate on Future Premium Deposits⁴ will be available upon successful application for a “Prosperous Infinity Saver” USD policy with a prepayment of full payment in one installment on or before February 29. 

For more details about Prosperous Infinity Saver and the promotion campaign, please visit www.yflife.com.

Remark: 
1. For policies issued in Macau only.
2. Please refer to the policy document for the relevant terms and conditions. 
3. Based on similar types of plans in the Hong Kong and Macau markets, as of December 1, 2023.
4. Subject to relevant terms and conditions.