The scheduled interest rate of mainland insurance has plunged collectively, and it will also face fluctuations such as bank RRR and interest rate cuts, RMB depreciation, and so on. More and more mainland customers are turning their attention to Hong Kong insurance.
In contrast, insurance in Hong Kong has high yields, safety and stability. Hong Kong has a global financial investment environment, with Hong Kong insurance policies denominated in USD/HKD and freely convertible to a variety of mainstream Hong Kong dollars. Hong Kong insurance companies can invest and operate globally, with stable profitability and risk control capabilities, and better avoid risks in a single country and a single region.
As a long-term investment plan, Hong Kong savings insurance is expected to have an internal rate of return of up to 6%-7% under the premise of having a long-term return on investment, which is still very impressive!
Lifetime cash flow
Hong Kong savings and dividend insurance can be used as children's education, marriage, pension, plus estate planning. Truly realize one policy to support three generations.
Let's say we buy a multi-currency plan for our children when they are born, save $100,000 a year for 5 years, and save a total of $500,000 in premiums.
Next, you can make 3 withdrawal plans: education money, wedding money, and pension.
Child's education fund
Children ages 18-21: $100,000 per year from the policy to cover the cost of college/study. During the four-year period, a total of $400,000 was withdrawn, leaving the account balance of $0.92 million after four years of withdrawal.
The child's dowry
The child is 30 years old: the wedding age, and 400,000 US dollars can be withdrawn at a time for "three gold purchases", "bride price expenses", and "wedding banquets...... At the moment, there is still $1.284 million left in the account.
Pension cash flow
Children from 59 onwards: $500,000 per year from the policy can be withdrawn to improve the quality of life in retirement, achieve the ultimate freedom in retirement, and travel the world.
Wealth inheritance
Even if you go all the way to 100, you still have $73.23 million left in your account.
At this time, you can pass on the policy to your spouse or the next generation with the help of the unique functions of Hong Kong insurance, such as policy splitting and changing the insured, so as to achieve the effect of asset inheritance, and there is no need to pay inheritance tax. Friends who are interested in Hong Kong insurance may wish to take advantage of the opportunity to learn about it when you travel to Hong Kong. Welcome to consult HK-baoxian on WeChat
This is the power of time and compound interest!
Can it really be achieved?
Seeing such astonishing data, many people's first reaction must be to ask, "Can it really be achieved?"
As we can see from the cash withdrawal plan, the surrender amount after cash withdrawal is made up of the guaranteed amount and the non-guaranteed amount (non-guaranteed terminal dividend).
The guarantee amount is the money written into the contract by the insurance company, and we will definitely get it when we surrender the policy, while the non-guaranteed part is determined according to the dividend of the insurance company.
Speaking of which, you might think that "non-guarantee" means no guarantee. It's not!
The Hong Kong Insurance Authority's GN16 Ordinance requires Hong Kong companies to disclose the fulfillment ratio of past participating policies on the company's website by 30 June each year.
Strict regulation and high transparency have also made insurance companies pay more attention to the fulfillment of the promise of non-guaranteed dividends. Most companies maintain fulfillment ratios between 95% and 105%.
In addition, Hong Kong insurance companies have a smoothing mechanism (or mitigation mechanism). The goal is that the bonus rate does not change exactly as the value of the participating fund rises and falls. Guarantee that even in the years of huge losses, you will be able to have sufficient solvency, without worrying about the market, and provide protection for the return of policyholders.
Therefore, non-guaranteed income does not mean that there is none, but a reflection of responsibility to consumers. Dividends fluctuate within a reasonable range, which is in line with the expectations of the investment market.
The sooner the better
When it comes to compounding, time is money!
A newborn child and a 30-year-old are insured at the same time, and the benefits at the age of 100 are worlds apart, and the longer the time, the greater the gap between the two.
Your child will have such a policy at birth, and he will have a starting point far ahead of his peers when he graduates from college.
- While others are still working on the primitive accumulation of capital, he can already use the existing funds to start a business!
- When others are still worried about the mid-life crisis and saving for a pension, he can already be unburdened by the reluctance in front of him, and chase poetry and distance wholeheartedly!
- When others are still saving money for the next generation, he can already retire in style and leave a huge amount of assets to the next generation!
This is the real winning at the starting line!!
Source----- Official Account----- Milky Tom Yum Gong Soup