Chubb Life Hong Kong launches multi-currency insurance plan

Chubb Life Hong Kong has launched the Chubb MyLegacy Multi-Currency Insurance Plan, an expansion of its flagship MyLegacy series. The new plan is designed to provide high-net-worth and affluent families with increased flexibility for legacy planning amidst shifting global market dynamics.

Key features of the plan include a customized life event settlement option, which allows policyholders to pre-set financial payouts triggered by specific milestones such as marriage, home purchases, or university graduations. Additionally, the plan offers a currency conversion option starting from the third policy anniversary, enabling policyholders to convert the policy to another available currency to assist with cross-border wealth management.

The plan also provides various withdrawal options, including one-time or regular cash withdrawals and annuity options, intended to serve as a financial safety net while maintaining long-term capital growth potential.