Partners & Agent
Important Risk Warning Statements
Ultra+ Single Premium Investment Plan (the “Plan” or “your Policy” or the “Policy” or the “ILAS Policy”) is an investment-linked assurance scheme, which is a long term life insurance policy issued by the Company. Your investments are therefore subject to the credit risks of the Company.
This Plan is not a bank savings product. All premiums you pay towards your Policy, and any investment made by the Company in the Underlying Funds of the Investment Options you selected, will become and remain the assets of the Company. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
The premium(s) received from you will be invested by the Company into the Underlying Funds corresponding to the Investment Options as selected by you for our asset liability management. Units of each Investment Option allocated to your Policy are notional and solely for the purpose of determining the Account Value of your Policy.
Return on investment under your Policy will be calculated by the Company with reference to the performance of the Underlying Funds of the Investment Options you selected. As the return of your Policy is contingent upon the performance of the Underlying Funds, there is a risk of loss of principal.
Due to the various charges levied under the Plan by the Company, the return on investment under your Policy as a whole may be lower than the return of the Underlying Funds of the Investment Options you selected.
Although your Policy is a life insurance policy, because your Death Benefit is linked to the performance of the Underlying Funds of your selected Investment Options from time to time, your Death Benefit is subject to investment risks and market fluctuations. The Death Benefit payable may be significantly less than your premiums paid and may not be sufficient for your individual needs.
The Investment Options available under the Plan can have very different features and risk profiles. Some may be of high risk. Underlying Funds available under the Plan are listed in the Investment Options Brochure.
When selecting Investment Options with the aim to distribute dividend on a regular basis (i.e. Investment Option with an asterisk “*” next to its name as shown in the Investment Options Brochure of the Plan), please note:
The dividend payout, dividend payout amount, payout frequency and dividend rate of the Underlying Fund(s) are not guaranteed. The amount of dividend payout is in no way an indication, a forecast or a projection of dividend to be paid in future.
Subject to the sole discretion of the management company or investment manager, the Underlying Fund(s) may pay dividends out of capital of the Underlying Fund which amounts to a return or withdrawal of part of the original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of capital of the Underlying Fund, may result in an immediate reduction of the net asset value per unit of the Underlying Fund, which may adversely affect the price of the Investment Option.
The Investment Options that aim to distribute dividend on a regular basis may reduce the Account Value of your Policy and it may (i) lead to the reduction of Loyalty Bonus, (ii) reduce the Death Benefit payable, and (iii) lead to the Policy termination when the Account Value is insufficient to cover the relevant Policy charges.
This Plan is designed to be held for a long term period. Early termination, surrender or partial withdrawal of your Policy is subject to Surrender Charge and may result in a significant loss of principal, and bonus entitlement (if any) of your Policy. Poor performance of the Underlying Funds corresponding to the Investment Options may further magnify your investment losses, while all charges are still deductible.
You should note that any partial withdrawal may reduce the Account Value of your Policy. Once the Account Value drops to zero or below, your Policy will be terminated upon the expiry of a grace period of 31 calendar days and you may lose a substantial portion of your investments and all the benefits (including life insurance coverage).
This ILAS Policy is subject to a Surrender Charge of up to 5% of the Account Value for within the first 5 Policy Years. It is only suitable for investors who are prepared to hold the investment for a long term period.
If you are not prepared to hold your Policy for at least 5 Policy Years, this ILAS policy is not suitable for you and it may be cheaper to purchase an insurance policy and make separate fund investments. You should seek independent professional advice.
Investment involves risks. You should not purchase this Plan unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours.
You should read the Principal Brochure of the Plan and the offering documents of the Underlying Funds which are available from us free of charge upon request.
Issuer: Chubb Life Insurance Hong Kong Limited
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