Tom was a 25-year-old aspiring accountant when he decided to buy a WeCare TL1 online insurance policy for HK$1,000,000 for 10 years' coverage.
Five years later Tom got a promotion. With a higher salary, he increased the protection amount to HK$2,000,000.
Tom changed the plan by just answering a few simple questions online.
At the age of 33, Tom and his long-time girlfriend, Karen, married and purchased a new flat. As a result of having a family and mortgage, they decided to buy an increased protection amount of their online life insurance to HK$3,500,000 and paid higher premiums. They also aligned the protection period with their mortgage payment term to 25 years. To do this, he just had to answer a few questions online.
Tom easily adjusted the plan for his changing needs without any penalties.
After many years, Tom and Karen decided to retire earlier. After working for so long and watching their children grow up, they terminated their term life insurance plan earlier and got back a portion of what they paid 1
With just one plan, Tom flexibly adjusted the plan for his needs at different life stages.
|Key Summary||Key Coverage / Options|
|Sum Assured (i.e.protection amount)||HK$ 250,000 - HK$ 8,000,000|
|Issue Age||18 - 65|
|Maximum Cover Age||85|
|Policy Benefit Term (i.e. protection period)||1-30 years, or to age 65|
|Premium Payment Term (i.e. payment term)||Same as the selected Policy Benefit Term|
|Plan change on Sum Assured, Policy Benefit Term and Premium Payment Term||Anytime, and you can change your policies twice within 12 months from the policy effective date or the last policy anniversary|