Well Enjoy Deferred Annuity Plan (Supreme) is a non-participating insurance product offering guaranteed monthly annuity throughout the annuity period, and at the same time providing you with life protection.

Neither a bank deposit nor a bank savings account, this plan is an insurance product to help you accumulate wealth for your retirement life.

Well Enjoy Deferred Annuity Plan (Supreme) also offers Death Benefit of an amount not less than 105% of total premiums paid and refund of prepaid premium balance (if any) with no charges. Enjoy your life while planning your financial future with ease.

• Premium payment period = 5 Years*

  Annuity period = 20 Years

  Annuity period = 10 Years

  Annuity period = 10 or 20 Years

  Benefit period = Accumulation period (5 to 15 Years) + Annuity period (20 Years)

  Benefit period = Accumulation period (5 to 15 Years) + Annuity period (10 Years)

  Benefit period = Accumulation period (5 to 15 Years) + Annuity period (10 or 20 Years)

• Issue Age	Accumulation Period	Annuity Start
  35 to 44	6 to 15 years depending on issue age	From age 50
  45 to 60	5 years	From 6th policy year

• * Remark:
  

  -You can choose to pay all five years' premiums in a lump-sum during application. The prepaid premium will be accumulated at an interest rate of 3.20% (USD-denominated policies) / 3.00% (HKD-denominated policies) / 3.50% (RMB-denominated policies) per annum, which is not guaranteed and subject to change from time to time.
  -Annual premiums will be deducted automatically from the premium deposit account on each policy anniversary date when due during the premium payment period. Since the interest is not guaranteed and are subject to change from time to time, the prepayment is not guaranteed to be sufficient to cover all premiums for the whole premium payment term.
  -No fees or charges will be imposed in case of policy surrender or withdrawal of the premium deposit account balance.

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  This product is a non-participating policy.

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  The premium payment term of the plan is five years. It is, therefore, important for you to reserve sufficient funds to pay all the premiums within the required premium payment period.

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  If a premium is still unpaid at the expiration of the Grace Period (31 days from the premium due date of premium), we have the right to treat the policy as surrendered effective from the date the unpaid premium was due. We will pay you the guaranteed cash value as at the premium due date less any indebtedness. Please note that once the policy is terminated on this basis, you will lose all of your other benefits.

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  The IA certification of Qualifying Deferred Annuity Policy (QDAP) is not a recommendation or endorsement of the policy nor does it guarantee the commercial merits of the policy or its performance. It does not mean that the policy is suitable for all policyowners nor is it an endorsement of its suitability for any particular policyowner or class of policyowners.

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  The QDAP status does not necessarily mean that you will be eligible for a tax deduction for QDAP premiums you have paid. Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. You should always consult with a professional tax advisor if you have any questions or doubts.

Liquidity Risk

• This product is designed for long-term purpose. You may choose to apply for a policy loan while the policy is in force. But this may reduce the Death Benefit. If you surrender the policy before the maturity, you may only receive the surrender benefit with all the indebtedness of the policy deducted which may be significantly less than the total amount of premiums paid.

Credit Risk

• Any premiums you paid would become part of our assets and so you will be exposed to our credit risk. Our financial strength may affect our ability to meet the ongoing obligations under the insurance policy.

Policy Currency Risk

• If the Plan you choose is denominated in currencies other than local currency, or, if you choose to pay premium or receive benefit in local currency other than the policy currency, the actual amount you paid or received will be subject to change according to the prevailing exchange rate to be determined by us from time to time between the policy currency and the local currency. The fluctuation in exchange rates may have impact on the amount of payments including but not limited to premium payments, levy payments and benefit payments.

Inflation Risk

• Please note that the cost of living in the future is likely to be higher than it is today due to inflation. Hence, the insurance coverage planned today may not be sufficient to meet your future needs.

This right allows you to cancel this policy, obtain a refund of any premiums paid within the Cooling-off Period. The cancellation notice must be signed by you and received directly by us at our office address within 30 calendar days immediately after the earlier of the day of delivery of (i) the policy or (ii) the Cooling-off Notice to you. The Cooling-off Notice is a notice to be sent to you by us notifying you of the Cooling-off Period around the time of policy delivery.