YF Life Garners Three Wins at Metro Finance “GBA Insurance Awards 2020 – HK Region”

“Outstanding Annuity Product Award”, “Outstanding Retirement Planning Product Award” and “Outstanding Savings Product Award”

June 24, 2020

YF Life Insurance International Ltd. (YF Life) has been honored with three major accolades at the Metro Finance “Greater Bay Area Insurance Awards 2020 – HK Region,” in recognition of the Company’s excellence in its flexible and innovative insurance solutions. The three accolades are “Outstanding Annuity Product Award”, “Outstanding Retirement Planning Product Award” and “Outstanding Savings Product Award”.

Ms. Jeanne Sau, Chief Marketing Officer of YF Life, said, “We are truly honored to have received three accolades at the highly competitive GBA Insurance Awards. It is due recognition of our business-development strategy and underscores the trust and support of the public and our customers in YF Life. We keep on innovating to fulfill the public’s needs for retirement planning. Based on these needs, we have developed a comprehensive range of annuity products.  From this range people can choose the annuity plan most suitable for wealth accumulation and retirement planning, regardless of their age, working or retired, and whether their investment profile leans towards the conservative or the aggressive. In the continuing low-interest-rate environment, offering ideal and steady long-term returns is a major challenge. However, thanks to the outstanding performance of YF Life’s professional asset-management team, ‘MY Lifetime Annuity’ continues to provide constant and attractive returns to customers. For the past 10 years, we have been offering the same product genre an annual base crediting interest rate of 4%, on top of the long-term guaranteed interest rate. Meanwhile, ‘Infinity Saver 2’ adopts a more proactive asset-allocation strategy, diversifying investment risks with an optimal investment portfolio spanning different geographies, sectors and economic cycles to deliver potentially higher returns for customers. With Infinity Saver 2, the projected total internal rate of return upon maturity can reach as much as 7.06%.

“Our commitment is to be the ‘go-to retirement planning expert’ for all our customers. With our diversified annuity offerings, we are making a firm brand promise to help them ‘own the future’ as they plan for a worry-free retirement,” said Ms. Sau.

Recognized by the “GBA Insurance Awards 2020 – HK Region”, the YF Life insurance solutions “MY Lifetime Annuity” and “Infinity Saver 2” both offer the benefits of lifetime annuity and the ability to spread wealth across the generations. The absolute guarantee of a lifetime payout ensures stable monthly income after retirement, effectively relieving the pressures caused by shortage of savings due to longevity. In addition, both plans offer a range of 11 annuity options, which is unique on the market. The plans also offer flexible funding options, allowing customers to freely decide the ratio between converting the policy’s cash value into lifetime annuity or passing it on to the next generation as a legacy, making it possible for their children to a enjoy lifetime annuity as well. With these flexible funding options, three major financial goals – wealth accumulation, retirement planning and bequeathing wealth – are all made possible with one single policy. 

Organized by Metro Finance FM, the winner of each category in the “GBA Insurance Awards 2020 – HK Region” is carefully selected by a professional panel of judges consisting of industry leaders from different fields. The awards bestow merit upon products and services provided by professional insurance institutions with the aim of promoting innovation which will in turn raise the professional standards of the industry and enhance the competitiveness of Hong Kong as a regional insurance hub. 

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company, one of the “Five Largest US Life Insurance Companies”. Leveraging our robust financial background and solid reliability, YF Life is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.

*Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited. The “Five Largest US Life Insurance Companies” is ranked according to the aggregate results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)” on total revenues for 2019, and based on the FORTUNE 500 as published on May 18, 2020.