Throughout the life journey, people are working hard for their dreams and hope to build a comprehensive plan for a flourishing future for themselves and their beloved. Tahoe Life’s Superior Harvest Income Plan (the “Plan”) provides you with extended income period and change of insured option. You can distribute your wealth to yourself, your beloved and your future generation according to your wishes.
The guaranteed cash payment1,2, equivalent to 1.5% (applicable to 6-year premium payment term) or 2% (applicable to 9-year and 12-year premium payment terms) of the guaranteed maturity benefit2,4, will be payable on the 1st policy anniversary date and every policy anniversary date thereafter until age 130 of the initial insured3, the surrender of the policy or the death of the insured, whichever is earlier.
An additional one-off special booster1,2 of guaranteed cash payment, equivalent to 1.5% (applicable to 6-year premium payment term) or 2% (applicable to 9-year and 12-year premium payment terms) of the guaranteed maturity benefit2,4, will be payable on the 15th policy anniversary date or at age 65 of the initial insured, whichever is later.
You may choose to leave the guaranteed cash payments in the policy to earn interest5, receive them in cash or apply them towards future premium payments.
You may exercise the income option2 starting from the 10th (applicable to 6-year premium payment term) or 15th (applicable to 9-year and 12-year premium payment terms) policy anniversary date. According to your needs, you may choose to receive income payments for a period of 10 years, 20 years or up to age 130 of the initial insured.
During the period of income option is exercised6, you will receive income payment on a yearly basis. The balance of the income benefit will be accumulated at an interest rate7 to further provide you with potential growth for your wealth.
While choosing the income period, you may also choose the death benefit option if the insured unfortunately passes away during the income period:
i. pay the balance of income benefit to the beneficiary in a lump sum payment; or
ii. continue to pay the income payment(s) to the beneficiary until the end of the chosen income period.
The Plan provides extended life protection up to age 130 of the initial insured. Upon completion of premium payment term of the Plan and during the lifetime of the insured, regardless of whether the income option is exercised, you may change the insured8 according to your plan; so your beloved and future generation can also be protected. The Plan will continue to be effective until age 130 of the initial insured, making it a meaningful gift for your future generation.
To fit your financial situation, the Plan offers three premium payment terms: 6 years, 9 years and 12 years. The premium is guaranteed to remain unchanged once it is determined and will not be increased with your age, facilitating better financial planning for your future.
For 6-year premium payment term, you can choose to prepay all the future premiums at the time of policy application9. The prepaid premium will be accumulated at an interest rate10 and this will be used to settle the renewal premium when due.
An annual dividend2,5 will be payable on the policy anniversary date. You may choose to leave the annual dividends in the policy to earn interest, receive them in cash or apply them towards future premium payments.
If the policy has been effective for 10 years, it will also bring you additional returns by providing a one-off terminal dividend2,5 upon the surrender of the policy, the maturity of the policy or the death of the insured. Both the annual dividends and terminal dividend are not guaranteed.
Being one of the core business of Tahoe Investment Group Co., Ltd, together with the experience earned in the past decades, we are actively expanding our financial business, resulting in a synergy to cater for the life insurance protection needs of our customers from different walks of life.