Fubon Hyundai Life Insurance has launched ‘MAX Life Insurance Seven High Pick,’ a product that allows for death guarantees and customized risk management tailored to the customer’s lifecycle. The insurance is characterized by its flexible use of death guarantees and pension conversion options. After applying for pension conversion, customers can make withdrawals and additional payments. The product is designed to help build high-value guaranteed assets through increased death insurance payouts.
Key Features of MAX Life Insurance Seven High Pick
- The death guarantee amount increases by 20% annually for 20 years from the contract date, up to a maximum of 500%.
- After seven years, the cancellation refund rate exceeds 100%, and the refund can be converted into a pension.
- Additional payments and intermediate withdrawals are allowed before the pension payments begin.
- The guarantee period is lifelong, with a 20-year premium payment period.
- The subscription age for men ranges from 15 to 61 years old, with a simple subscription option available for those with medical concerns, albeit with a different age range (30 to 66 years old).
Fubon Hyundai Life Insurance has been developing a range of products to meet customer needs, including ‘ZERO Cancer Insurance for Me’ and ‘MAX Life Insurance One Pick.’ The latter allows for a death insurance increase of up to 150% based on the initial subscription amount, with a 5% annual increase from the contract date.
An official from Fubon Hyundai Life Insurance stated, “‘MAX Life Insurance Seven High Pick’ is designed to provide lifelong death guarantees and can be customized according to the customer’s lifecycle. We will continue to develop products that meet customer needs from their perspective.”
