Fubon Hyundai Life announced on the 8th the launch of the 'MAX Jin Triple Annuity Savings Insurance,' which allows preparation for retirement living funds, lump-sum savings, and death benefits.
[Asia Economy Reporter Oh Hyung-gil] Fubon Hyundai Life announced on the 8th that it has launched the 'MAX Jjin Triple Annuity Savings Insurance,' which allows preparation for retirement living funds, lump-sum savings, and death benefits.
This is a savings-type insurance product that can be used as a family protection asset against unforeseen accidents during the insurance period, as a purpose asset to utilize necessary funds once the premium payment is completed, and as retirement living funds if the special contract is maintained after the premium payment is completed.
The insurance period reserve interest rate is accumulated at a fixed interest rate (main contract 2.2%), and if the combined disability rate is judged to be 50% or higher, the coverage is maintained while future premiums are waived.
The eligible age for subscription is from 15 to 59 years old for men and from 15 to 60 years old for women.
The main contract insurance period can be selected as 10 or 20 years, and the special contract insurance period is lifelong. The premium payment period can be chosen as 10 years or 20 years.
For a 40-year-old man who selects a subscription amount of 50 million KRW each for the main contract and the lifelong death benefit special contract, a 20-year main contract insurance period, lifelong special contract insurance period, and a 20-year premium payment period, the monthly premium will be 289,000 KRW. In the event of the insured's death, a death benefit of 100 million KRW will be paid, and if the insured survives until the end of the insurance period, 50 million KRW will be received as the maturity benefit.
Additionally, after the main contract insurance period or the premium payment period of the lifelong death benefit special contract, if the death benefit annuity prepayment system is utilized, a portion of the surrender value of the lifelong death benefit special contract can be received like an annuity.
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