Gold Fortune Deferred Annuity Plan
Product features
Regular Income and Maturity Benefit for Enjoying your Retirement Life
- Monthly Annuity Income, including Guaranteed Monthly Annuity Income and Non-Guaranteed Monthly Annuity Income, payable for 10 years
- A lump sum of Maturity Dividend, including Guaranteed Maturity Dividend and Non-Guaranteed Maturity Dividend, for potentially higher return
Flexibility in Managing Your Retirement Plan
- Choose for the Annuitant being the Insured to start receiving Monthly Annuity Income at Age 55 or 65
- 2 options of premium payment term available: 5 / 10 years
- Maximum 2 years of Premium Holiday is allowed after the 2nd Policy Anniversary
Tax Deduction
- Enjoy tax deduction for the qualifying deferred annuity premiums paid
Additional Protection to Provide Peace of Mind
- Additional 10% Guaranteed Monthly Annuity Income payout throughout the Annuity Period if the Annuitant being the Insured diagnosed with Total and Permanent Disability before the Annuity Period starts
Easy Application without Medical Examination
- Application for this plan is simple and no medical examination is required
Q1: What is the tax deduction limit for annuities?
The tax deduction limit for Voluntary Contributions (TVC) and Qualifying Deferred Annuities (QDAP) in the MPF system is a total of $60,000.
Q2: Can you deduct taxes for buying an annuity? How does it work?
You can use annuities for tax deductions, but only Qualifying Deferred Annuities (QDAP) that are certified by the Insurance Authority and meet its criteria are eligible for deductions. Insurance companies provide policyholders with an annual policy summary each year, which helps you fill in the qualified annuity premiums for you or your spouse, as annuity beneficiaries, in Part 10 of your tax return.
Q3: What are the benefits of purchasing a deferred annuity?
Purchasing a deferred annuity allows you to prepare for retirement early by making regular contributions, providing income after retirement. Qualifying Deferred Annuities also offer tax deductions, giving you higher returns.
Regulatory Disclosure
This webpage is for general reference only and should not be regarded as professional advice, recommendation and it is not part of the policy. It provides an overview of the key features of the product and should be read along with other materials which cover additional information about the product. Such materials include, but not limited to, product brochure that contains key product risks, policy provisions that contain exact terms and conditions, benefit illustrations (if any) and other policy documents and other relevant marketing materials, which are all available upon request. You might also consider seeking independent professional advice if needed.
The above information shall not be construed as an offer to sell, solicitation or persuasion to buy or provision of any of our products outside Hong Kong. For further information, please contact your Chubb Life Hong Kong Insurance Consultant or call our Customer Service Center Hotline at (852) 2894 9833.
The “Chubb Life Hong Kong”, “Company”, “we”, or “our” herein refers to Chubb Life Insurance Hong Kong Limited.
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