traditional life
fortune
protector
life insurance
Achieve your aspiration
with ease of mind
While you strive to get the best for your family, you need a protection solution that safeguards their
financial comfor t. The Fortune Protector Life Insurance (“Fortune Protector” or “this Plan”) is
designed to provide guaranteed life protection and stable growth of savings with level premium.
Highlights
Fortune Protector provides stable guaranteed cash value accumulation regardless of
investment market performance
Enhancement of returns with reversionary bonus1 and terminal bonus1
Various premium payment terms at your choice
Life protection to safeguard your loved ones
Fortune Protector is a life protection plan that provides life coverage up to age 1002. In the unfortunate event that the insured passes
away, the designated beneficiary will receive a death benefit which is equal to:
the basic sum insured
1
+
face value of reversionary bonus1 (if any)
+
face value of terminal bonus1 (if any)
–
any indebtedness and any outstanding premiums with interest (if applicable)
Embrace the future with guaranteed cash value
Fortune Protector offers guaranteed cash value regardless of the investment market performance upon surrender or maturity of the
policy, enabling you to head towards your goals confidently.
Additional returns from reversionary bonus1 and terminal bonus1
You can benefit from the non-guaranteed reversionary bonus and terminal bonus after the policy has been in-force for 3 years or more.
Reversionary Bonus
nNon-guaranteed
Terminal Bonus
before declaration.
nDeclared
nNot
annually. Both its face value and
cash value are guaranteed once declared.
guaranteed and does not form a
permanent addition to the policy. It may
be reduced or increased at subsequent
declarations.
Any face value of reversionary bonus and/or terminal bonus will only be payable together with the basic sum insured upon the death of
the insured. When the policy is surrendered or matured, only the cash value of any reversionary bonus and/or terminal bonus will be
payable.
Reversionary Bonus
Terminal Bonus
Death of the Insured
Face value
Face value
Policy Surrender/Policy Maturity
Cash value
Cash value
To understand more about reversionar y bonus and terminal bonus, please refer to the “Participating Policy Fact Sheet” of Fortune
Protector at our website www.axa.com.hk
Access to your money
You may have specific financial needs at different life stages. With Fortune Protector, you are free to withdraw any declared reversionary
bonus once it has a cash value3.
Besides, you may also apply for a policy loan4 from the accumulated guaranteed cash value and the cash value of declared reversionary
bonus in the case of an emergency.
If you choose to reduce your basic sum insured5 to address your financial needs, cash value of the reduced portion of the basic sum
insured and cash value(s) of its corresponding reversionary bonus (if any) and/or terminal bonus (if any), less any indebtedness, will be
paid to you.
Better financial planning with fixed premiums
This Plan offers you a variety of premium payment terms with a minimum of 10 years. The level premiums allow you to manage your
budget easier.
Supplementary protection
You can also combine Fortune Protector with a wide range of supplementary benefits, such as accident, major illness and medical
protection for your personal needs.
2
Fortune Protector Life Insurance at a glance
Up to age 1002
Life Protection Coverage Period
Premium Payment Term
Issue Age
Payment Mode
10 years
15 years
20 years
Up to age 1002
Age 0 – 65
Age 0 – 60
Age 0 – 55
Age 18 – 50
Monthly, semi-annual or annual
Premium Structure
Level throughout the premium payment term
Minimum Basic Sum Insured
Below age 45 : HKD120,000 / USD15,000
Age 45 or above: HKD80,000 / USD10,000
Life Protection
Death benefit is equivalent to:
n basic sum insured; plus
1
n face value of reversionary bonus (if any); plus
1
n face value of terminal bonus (if any); minus
n any indebtedness and any outstanding premiums with interest (if applicable)
Guaranteed Cash Value
Payable upon surrender or maturity of the policy
To be declared after the policy has been in-force for 3 years or more
Non-guaranteed Bonuses
Reversionary bonus1
n Non-guaranteed before declaration
n Declared annually. Both its face value and cash value are guaranteed once declared
Terminal bonus1
n Non-guaranteed
n It does not form a permanent addition to the policy, and may be reduced or increased at
subsequent declarations
Remarks:
1. Reversionary bonus and terminal bonus are not guaranteed and will be determined by the Company from time to time based on the past investment performance of and
future investment outlook for underlying assets supporting relevant insurance policies, as well as other factors such as experience and outlook of expenses, claims and/or
policy persistency.
2. The policy will automatically terminate on the policy anniversary on or immediately following the insured’s 100th birthday.
3. Such request is subject to the Company’s approval. Upon withdrawal of reversionary bonus, the cash value of reversionary bonus and cash value(s) of its corresponding
terminal bonus (which is derived from the reversionary bonus) will be payable. The withdrawal of the reversionary bonus reduces the long-term value of the policy.
4. Such request is subject to the Company’s approval. Interest will be charged on policy loans. We shall have the absolute discretion to determine or change the interest rate
from time to time. If the policy loans and interest are not repaid, they will be deducted from any benefits payable under the policy.
5. Such request is subject to the Company’s approval. After deduction of the basic sum insured, the cash value and the benefits payable under the policy will be adjusted and
reduced accordingly.
Note: Unless otherwise specified, all ages mentioned in this leaflet refer to the age of the insured on his or her last birthday.
3
U.S. Foreign Account Tax Compliance Act
Under the U.S. Foreign Account Tax Compliance Act (“FATCA”), a foreign financial institution (“FFI”) is required to report to the U.S. Internal Revenue Service (“IRS”)
certain information on U.S. persons that hold accounts with that FFI outside the U.S. and to obtain their consent to the FFI passing that information to the IRS. An FFI
which does not sign or agree to comply with the requirements of an agreement with the IRS (“FFI Agreement”) in respect of FATCA and/or who is not otherwise exempt
from doing so (referred to as a “nonparticipating FFI”) will face a 30% withholding tax (“FATCA Withholding Tax”) on all “withholdable payments” (as defined under FATCA)
derived from U.S. sources (initially including dividends, interest and certain derivative payments).
The U.S. and Hong Kong have signed an inter-governmental agreement (“IGA”) to facilitate compliance by FFIs in Hong Kong with FATCA and which creates a framework
for Hong Kong FFIs to rely on streamlined due diligence procedures to (i) identify U.S. indicia, (ii) seek consent for disclosure from its U.S. policyholders and (iii) report
relevant tax information of those policyholders to the IRS.
FATCA applies to the Company and this Policy. The Company is a participating FFI. The Company is committed to complying with FATCA. To do so, the Company requires
you to:
(i) provide to the Company certain information including, as applicable, your U.S. identification details (e.g. name, address, the US federal taxpayer identifying numbers,
etc); and
(ii) consent to the Company reporting this information and your account information (such as account balances, interest and dividend income and withdrawals) to the
IRS.
If you fail to comply with these obligations (being a “Non-Compliant Accountholder”), the Company is required to report “aggregate information” of account balances,
payment amounts and number of non-consenting US accounts to IRS.
The Company could, in certain circumstances, be required to impose FATCA Withholding Tax on payments made to, or which it makes from, your Policy. Currently the only
circumstances in which the Company may be required to do so are:
(i) if the Inland Revenue Department of Hong Kong fails to exchange information with the IRS under IGA (and the relevant tax information exchange agreement between
Hong Kong and the U.S.), in which case the Company may be required to deduct and withhold FATCA Withholding Tax on withholdable payments made to your Policy
and remit this to the IRS; and
(ii) if you are (or any other account holder is) a nonpar ticipating FFI, in which case the Company may be required to deduct and withhold FATCA Withholding Tax
on withholdable payments made to your Policy and remit this to the IRS.
You should seek independent professional advice on the impact FATCA may have on you or your Policy.
This Plan is underwritten by AXA China Region Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“AXA”, the “Company”, or “we”).
ABOUT AXA HONG KONG
AXA Hong Kong, a member of the AXA Group, prides itself of serving over 1 million customers1 in Hong Kong and Macau. Besides being one of
the largest health protection providers in Hong Kong, it is also the number 1 General Insurance provider2 and a market leader in motor insurance.
AXA Hong Kong is committed to the on-going development and enhancement of our life & savings, health, property & casualty, wealth
management and retirement solutions in order to satisfy the different needs of our individual and corporate customers.
We believe it is our inherent responsibility to support the communities we operate in, hence creating a sustainable business via constant and
considerable contribution in the dimensions of health, environment and the community.
1
Including customers of AXA China Region Insurance Company Limited,
AXA China Region Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) and
AXA General Insurance Hong Kong Limited
2
Based on 2014 Office of the Commissioner of Insurance market share statistics represented by overall gross premiums
AXA China Region Insurance Company (Bermuda) Limited
(Incorporated in Bermuda with limited liability)
Tel: (852) 2802 2812 Fax: (852) 2598 7623 Website: www.axa.com.hk
If you do not wish to receive promotional or direct marketing materials from AXA, please inform Data Privacy Officer, AXA China Region Insurance Company (Bermuda) Limited,
Suite 2001, 20/F, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong. AXA shall, without charge to you, ensure that you are not included in future direct
marketing activities.
(Only for use in Hong Kong Special Administrative Region)
January 2016
LMKG 512-1601
This Plan is subject to the terms, conditions and exclusions of the relevant policy contracts. AXA reserves the final right to approve any application subject to the Company’s
underwriting requirements. This leaflet contains general information only and does not constitute any contract between any other parties and AXA. It is not a policy. For detailed
terms, conditions and exclusions of the Plan, please refer to the relevant policy contracts.
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