YF Life Enhances “Infinity Saver 3”
All New Multiple Policy Currency Options Achieve Financial Goals at Various Life Stages

September 16, 2021

Since its launch in April this year, flagship product “Infinity Saver 3” by YF Life Insurance International Ltd. (YF Life) has gained wide acclaim from customers as an integrated insurance solution. To meet customers’ long-term financial planning needs, YF Life has now added multiple currency options to the plan, enabling customers to seize global currency opportunities for potentially higher returns.

Ms. Jasmine Hui, Assistant Vice President - Product Strategy and Pricing, at YF Life, says, “People’s needs for financial management products are constantly changing. Although ‘retirement’ and ‘wealth legacy’ are the core focuses of many customers in terms of financial planning, there are still other unmet needs at different stages in our lives that require early planning. YF Life has a good understanding of customer needs, so we have launched an enhanced version of our flagship product ‘Infinity Saver 3’. The plan offers unique benefits by providing guaranteed lifetime annuity income, and enables customers to directly transfer the accumulated wealth across generations. It is now enhanced with multiple currency options, a feature rarely available in the market, with a choice of up to 8 policy currencies, including US Dollar (US$), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Renminbi (RMB), Singapore Dollar (SGD), Hong Kong Dollar (HK$), and Macau Pataca (MOP)1. Customers may opt for any of these policy currencies and, in the future, change to one that best suits themselves and their family’s long-term financial needs, for example, for children to study abroad, to finance real estate purchases overseas, to start a business, and so on. The projected long-term returns of Infinity Saver 3 can help customers achieve three major financial goals: capital accumulation, retirement, and wealth legacy. With the multiple currency option and the flexibility to change the policy currency, customers can easily accomplish the life goal of ‘own the future’.”

Infinity Saver 3 allows customers to freely choose a policy currency to satisfy personal needs. The plan offers Guaranteed Cash Value, non-guaranteed Annual Dividend, and Terminal Bonus. With the compound effect, the projected Cash Value continues to accumulate, such that the projected total internal rate of return (IRR) can be as high as 7%2. Customers may opt to accumulate the Annual Dividend in their policy to gear up for higher returns, or withdraw it for other uses. From the third policy anniversary onwards, the non-guaranteed Terminal Bonus will be declared at least once a year, and customers may then exercise the Terminal Bonus Lock-in Option to convert a portion of the Terminal Bonus into Annual Dividend, so that they can either cash out or leave it to accumulate in the policy for higher returns. The plan also provides a range of flexible funding arrangements, including a Premium Holiday of up to four years, allowing customers to manage their finances better. To meet the personalized retirement needs of different customers, the plan offers a broad range of 11 annuity options, which is unique in the market. When exercising the annuity options3, customers may opt to convert all of the accumulated cash value into a lifetime annuity, or convert part of the cash value into a lifetime annuity and leave the balance to accumulate in the policy. In addition, customers may opt to transfer the policy ownership/change the Insured unlimited times to grow and share the wealth across the generations, creating a “snowball effect” of maximizing the Cash Value.

With the enhancement of the product, from now until September 30, successful applicants for Infinity Saver 3 will enjoy up to 18% discount on annualized premium4.

Remarks:
1.    For policies issued in Macau only.
2.    The projected total internal rate of return is non-guaranteed.
3.    Applicable to US Dollar, HK Dollar, or Macau Pataca policies.
4.    Subject to relevant terms and conditions.

 

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 Mutual 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 Mutual Life Insurance Companies” is ranked according to the results of “Insurance: Life, Health (Mutual)” on total revenues for 2020, and based on the FORTUNE 500 as published on June 1, 2021.

YF Life enhances “Infinity Saver 3” with newly added multiple currency options and Currency Exchange Option, flexibly supporting customers’ financial needs.

YF Life enhances “Infinity Saver 3” with newly added multiple currency options and Currency Exchange Option, flexibly supporting customers’ financial needs.

From now until September 30, successful applicants for Infinity Saver 3 will enjoy up to 18% discount on annualized premium.

From now until September 30, successful applicants for Infinity Saver 3 will enjoy up to 18% discount on annualized premium.

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