Hong Kong Life | Retirement Planning
Plan for your
ideal retirement now
Your savings may be insufficient
to cover your future needs
Learn more now.
Hong Kong Life | Retirement Planning
Do you have enough savings to achieve
a quality retirement?
Travel around the world
Savor every moment of life
Build a harmonious family
Enjoy life’s pleasures
Life expectancy is rising, and the population is aging.
Male Age
85.4
Female Age
91.4
Life expectancy at 20461
In 2046,
1 in every 3 people
will be aged 65 or above1
Source: 1. Census and Statistics Department, 2017.
As life expectancy extends,
so does your retirement.
Start planning today to enjoy a fruitful retirement.
Start calculating your retirement expenses now
My current age :
My target
retirement age:
My target years of
retirement :
Smart wealth management solutions
can bring steady growth to your wealth.
Hong Kong Life | Retirement Planning
Price indices are soaring under inflation -
can your savings catch up?
Average
inflation rate
3.27%
You need a comprehensive savings plan
to overtake inflation and achieve
a promising retirement.
Sources: 1. “Consumer Price Index and Its Movements during 2007 to 2016”, Census and Statistics Department; 2. Historical Data about Cost of Living by Year in Hong Kong, Numbeo.com, 2017; 3. Expatistan, 2017; 4. The Hong Kong Federation of Insurers, 2017
Are bank savings and government retirement policies
sufficient to give you a secure retirement?
Start saving early - the effect of
compound interest allows you to achieve the
same goal with less capital.
Source: 1. Hong Kong Monetary Authority, 2018; 2. Mandatory Provident Fund Schemes Authority, 2017; 3. Social Welfare Department, 2018
Hong Kong Life | Retirement Planning
What's included in the budget for an ideal retirement?
Start calculating your retirement expenses now
My expected monthly expenses after retirement:
HKD
My current accumulated
amount of savings or
investment:
HKD
Start calculating your retirement expenses now
Monthly MPF or Provident Fund contributions by me and my employer:
HKD
Current accumulated amount of my MPF or Provident Fund:
HKD
Average rate of return on MPF or Provident Fund per annum:
Average savings or investment return rate per annum before retirement:
Average savings or investment return rate per annum after retirement:
Expected average inflation rate per annum:
The total retirement
funds required
HKD
Your retirement gap
HKD
Statistics show that the MPF recorded an annualized rate of return of 4.8% from December 2000 to December 2017.
Annualized rates of return for other fund types from December 2000 to December 2017 are as follows:
Equity Fund:
5.5%
Mixed Asset Fund:
4.6%
Bond Fund:
2.7%
Guaranteed Fund:
1.2%
MPF Conservative Fund:
0.7%
Money Market Fund:
0.6%
Source: MPFA Newsletter March 2018, Mandatory Provident Fund Schemes Authority
Hong Kong Life | Retirement Planning
Case 1
Middle-aged Professional
Life insured Mr Lee, age 40
Family status Married with two children
Occupation Sales manager
Monthly income HKD 50,000
Financial standing Savings and other investments Approx. total HKD 1.2 million
Expected retirement plan Retiring around age 65 and hoping to maintain the current quality of life with his wife
As the family breadwinner, Mr Lee has been working hard to ensure high quality living standards for his family. He has long prepared sufficient education funds for both his children and is now considering his own retirement. Taking inflation into account, Mr. Lee estimates he will need roughly HKD 5 million retirement funds to live modestly. Based on a 3% annual growth rate on his current assets, the estimated total of his savings, MPF and other investments will be approximately HKD 3.5 million when he is 65. Therefore, Mr. Lee will need around an additional HKD 1.5 million to meet his retirement needs. After consulting with professionals for a financial needs analysis, he decides to take up a whole life savings insurance plan that provides steady growth to help accumulate wealth and fill his retirement gap.
Mr Lee’s whole life savings insurance plan helps him fill his HKD 1.5 million retirement savings gap.
*Annual dividend is not guaranteed and may be changed from time to time.
@Total surrender value includes guaranteed cash value, accumulated guaranteed cash coupon, accumulated dividends and interest (non-guaranteed) (if any) and terminal dividend (non-guaranteed) (if any), less any policy loan (if any). The actual surrender value may be higher or lower than the estimated amount.
The case above is hypothetical and based on the Prime Reward Whole Life Savings Insurance Plan, and is for illustrative purposes only. The policy will automatically terminate upon maturity or surrender.
Case 2
Retirees-to-be
Life insured Mr Wong, age 56
Family status Married with a daughter
Occupation University lecturer
Monthly income HKD 60,000
Financial standing Currently has roughly HKD 7.5 million in savings and rental income
Expected retirement plan Retire around age 57 then travel as they wish and enjoy retirement with his wife
Mr Wong has worked for years in the hopes of enjoying the fruits of his success once he retires. He expects to leave HKD 2 million in assets to his daughter, who just landed her first job, as down-payment for her future property. On top of his remaining assets, which will serve as his retirement savings, he will receive roughly HKD 20,000 per month in rental income. Together, these should cover expenses for the couple to enjoy an enriched retirement. However, rental income is not guaranteed, since it can be affected by the economic environment; coupled with factors such as inflation, Mr. Wong is anxious that his retirement funds may be insufficient. Therefore, he hopes to enhance his wealth through a steady savings plan. After consulting with professionals for a financial needs analysis, he decides to take up a whole life annuity plan, which will give him financial security through a monthly income of roughly HKD 10,000 throughout his retirement years.
Mr Wong chooses the single premium option. The plan gives him financial security through a steady stream of additional income, helping him achieve his retirement plans.
* Projected monthly income includes guaranteed monthly income and non-guaranteed monthly income. During the income period, the total of annual dividend and accumulated interest (non-guaranteed) will be paid as non-guaranteed monthly income. The actual projected monthly income may be higher or lower than estimated amount.
The case above is hypothetical and based on the Monthly Reward Annuity Plan, and is for illustrative purposes only. The policy will automatically terminate upon maturity or surrender.
Hong Kong Life | Retirement Planning
Plan ahead
Start building your dream retirement today
If you long for a secure retirement, you should start your savings plan early. Let our professional team conduct a financial needs analysis for you, and recommend the best retirement solution.

2290-2882

HongKongLifeCS@hklife.com.hk

Disclaimer
1. This promotional material contains general information for reference and is applicable within Hong Kong Special Administrative Region only. It is also governed by the laws of Hong Kong.
2. The information provided is based on sources which Hong Kong Life believes to be reliable but has not been independently verified. Hong Kong Life makes no responsibilities nor accepts any warranty or guarantee for the accuracy, completeness and timeliness of the information or for any claims and/or losses caused thereby. Any examples given are for the purposes of illustration only.
3. This promotional material is not intended to constitute a recommendation or advice to any prospective customer and is not intended as a substitute for professional advice. Please do not rely solely on this promotional material to make an application decision. Before applying for any insurance plan, you may also seek independent and professional advice before making any decision.
4. case of any discrepancies between the Chinese version and English version, the English version shall prevail.


Issued by Hong Kong Life Insurance Limited