Universal Life in China, Hong Kong and Indonesia: An Overview

Life insurance investment requires a cautious and prudent approach. The universal life policy plans have certain features and benefits, as explained below, that make it a popular option for buyers in China, Hong Kong and Indonesia.

Universal Life

Traits of Universal Life Insurance

Alterable Premiums
Universal life gives you greater freedom to plan an insurance combination that suits you the best rather than following a rigid framework. Any figure that falls in the maxima –minima range as fixed by the IRS is acceptable. Premiums can be increased, decreased, or even avoided altogether, as per your current financial situation.

Adjustable Death Benefit
In contrast to term insurance, the death benefit can be changed, while complying with the broad limits set in the contract, without having to opt for a new policy altogether.  This continued protection even if the basic requirements change is a unique feature of universal life.

Change in Credited Interest
The insurance company has the right to periodically change the interest rate that is credited. However, this rate will never go down the minimum amount stipulated in the contract. It is this feature along with the dividend earned on the amount invested that leads to lesser premium amounts as the company can earn returns from the market.

Alternate plans
Universal Life in China, Hong Kong, Indonesia and most other parts of the world offers two separate plans to treat death benefit, Level Death and Increasing Death.  Level Death Benefit option, offers the death benefit to be the face amount only. The net risked amount is the difference between face value of the policy and the current policy value, which keeps on decreasing as the policy value increases.  This lowers the cost of insurance. On the other hand, the Increasing Death Benefit option offers the sum of the contractual policy figure and the latest policy value as the end gain.  This increases the long term expenses due to increasing cost of insurance but accumulates a larger amount at the time of death.

Universal Life

Why Opt for Universal Life?

Settle Debts
It takes away the frown from your forehead as paying off educational loans, estate taxes and mortgages becomes a cakewalk with direct withdrawals or taking a loan against the accumulated cash value of the policy. It’s an all smiles proposition as these loans and withdrawals are tax-deferred.

Stable Flow of Income
UL ensures that the deceased is missed is only emotionally and not because of financial strains as the death benefits keep the stream of income flowing continuously to the family through interests, dividends and/or lump-sum payment.

Equitable Distribution
The long-term multiplying effect of the cash value helps you to plan in advance the equitable income value that is to be distributed among your beneficiaries. Prior calculations can be done to help figure out your post retirement plans as well.

Use the below given universal life sites to educate yourself about your life insurance needs. Get life insurance rates for Term, Whole, and Universal Life Insurance.

Universal Life Hong Kong & China: Universallife.com.hk

Universal Life Indonesia: Universallife.co.id

Universal Life Insurance and its Benefits

Universal Life

Life insurance is an essential feature that gives us financial security in life. As life is uncertain, we need to be financially prepared to face any challenge it may hold. Moreover, we simply cannot ignore the financial security of our family. Life insurance provides comprehensive security for your future as well as of your family, as it helps them to sustain the uncertain events of life such as death, accidents, etc.

Though there are various types of life insurance options that you can choose from; however, most people opt for universal life insurance.

What is Universal Life Insurance?

Universal Insurance is a type of permanent life insurance, and an ideal option for people looking for a flexible life insurance policy. This flexibility is in terms of premium payments and death benefits. Life and its needs are ever changing; Universal life insurance allows you to alter your premium payments to match up with changing needs.

Benefits of Universal life insurance

• Universal life insurance policies give you the freedom to decrease or increase your death benefit.
• By buying universal life insurance, you can pay your policy premiums at any time and in any amount (subject to certain limits) after the first premium payment has been made.
• There might be a time when you are unable to pay a certain premium amount; you can pay the premium using cash value amount of your policy.
• Universal life insurance lets you to do better and efficient financial planning. This is because you get complete control over your funds.

Universal life insurance is undoubtedly a perfect option that provides various benefits to the policy holder. To protect yourself and your dear ones against the uncertainties of life, all you need to do is rope in a reliable company that provides the option.

Recommended life insurance companies:

Universal Life Hong Kong: Universallife.com.hk

Universal Life Indonesia: Universallife.co.id

Importance of life insurance in our lives

Everybody would agree with the fact that for every individual, the most important thing is to ensure a high level of safety and security for them as well as their family. Since life is uncertain, anything can happen to anybody’ life irrespective of where the person is. In such a situation, people look for various options with the help of which, they can face the unfortunate situations in life with determination. One of the best ways that most people opt for is by buying a beneficial life insurance policy for themselves as well as their families.

Importance of life insurance

Life Insurance Policy

There are many unfortunate situations in life for example when your family members have to face your death. It is true that nobody wants their family to suffer from any kind of financial difficulty after their death. The best option for preventing such a situation is to provide security to your family through life insurance. It can ensure financial security to those who mean the most to you, such as your spouse, children and dependent parents. If you are able to plan and select the best insurance policy as per your needs and requirements, you would surely be able to prepare your family members to face the uncertainties of life.  You can then be at ease regarding the future of your loved ones.

Role of choosing the most suitable life insurance policy


For making the most of your life insurance, it is very important that you opt for the best policy as per the needs and requirements of your family. This is because the main motive of every person for buying a life insurance policy is to derive the maximum benefits out of it. However, if you are not able to pick up the most suitable policy, you might have to face a lot of challenges in getting the deserving financial compensation. Therefore, before settling upon a life insurance policy, it is important that you consider the types of benefits that you want to get out of that policy. This would help you to judge the pros and cons of various policies in a much better way.

If you are on the look-out for a beneficial universal life policy in Hong Kong or universal life policy in China, then it is strongly recommended that you should choose the most credible insurance provider for the same. A thorough online research of all the insurance providers that deal in universal life insurance policies would surely be of great help to you as it would help you in better decision making.

Life Insurance Policies: Whole vs. Universal

life insurance

They say, “What’s in the name?” When it comes to buying a life insurance policy, name is extremely important. Each one of us is different and so are our saving requirements. Before selecting a life insurance policy, you must analyze your personal and family requirements both pre and post your death. There are two different types of permanent life insurance. This article will help you understand more about these policies so that you can make a thoughtful decision.

Whole life insurance

This insurance covers you as long as you live. Here, you need to pay the same amount of premium for a specific time to receive death benefit. Usually, this policy is kept in force for your entire life, no matter for how long you may live. This type of insurance policy provides life insurance coverage with a savings feature. As a result, you may end-up paying higher premiums initially compared to term-life insurance.


With each premium payment, your cash value increases and this savings element of your policy builds-up your cash value on a tax-deferred basis. The presence of cash value in these policies is a real benefit because you can borrow against this cash value and also use it to pay the premium amount. Whole life insurance policy is made to fulfill an individual’s long-term goals and thus it is advisable to keep it in force for as long as you are alive.

Universal life insurance
This policy is also famous as an ‘adjustable insurance policy,’ because it offers more benefits than whole life insurance, and the policy owner has the ability to reduce or increase their death benefits and premium amount as per their financial needs (after first premium payment has been made).  When it comes to death benefit, the policy owner has two options – a fixed amount of death benefit, or increasing death benefit that is equal to the face value of the policy, plus, the cash value amount.

In case of financial issues, you may stop your premiums and use your cash value to pay the premium amount. However, there should be enough money accumulated in your cash value account to cover the payment of the premiums. The alternative of policy loan is another added perk in Universal life insurance. It is imperative that you do not make regular withdrawals from your accumulated fund because that will reduce the cash value amount.

While purchasing a particular type of life insurance policy, it is important to prioritize your requirements.

To know more about Life Insurance policies visit: Universallife.co.id/universal-life

Universal Life Insurance – Get the Flexibility to Adjust Your Changing Requirements

universal life

No one can run away from the surprises of life, but we can definitely make adjustments. Insurance needs change with life, which makes it important to search for a policy that provides you with the flexibility to adjust your premium payments. There are different types of policies available; however, if your requirements are ‘flexible,’ a Universal life insurance policy promises the ideal solution.

Also termed as ‘adjustable life insurance,’ Universal insurance policies offer higher flexibilities as compared to all other types of policies.  It provides the buyer the liberty to reduce or increase their death benefit and also pay their premiums at any time, once their first premium payment has been made. In fact, these policies also allow you to change your premium amount and increase the face value of your insurance coverage.

The Benefits

Helps You during Your Hour of Need

When you buy a Universal Life Insurance policy, you get cash value, which can be used to pay premiums in case of a financial hitch. If you have cash value, your policy will not lapse even if you fail to pay a premium. However, make sure to discuss the status of your cash value fund with your insurance advisor.

Universal Life Insurance

Provides Alternative Policy Loan

An alternative policy loan is another benefit promised by Universal insurance. However, it is important that you do not make regular withdrawals from your accumulated fund because it will reduce the cash value of your policy.

Universal policy is designed to give you and your family lifelong security, as per your requirements. If you stay in Singapore, simply search the web using keywords such as ‘Universal Life Singapore,’ or ‘Universal Life Insurance’ to get a list of the best permanent life insurance providers.


Generic Characteristics of Universal Life Insurance

life insurance SingaporeUniversal life insurance is a type of interest sensitive whole life insurance policy that offers flexibility in the amount, method, and timing of premium payments. Cash value is created with time, and policy holders have the option to borrow or withdraw from the same. There are a few plans that guarantee a minimum interest crediting rate and are popular among high net worth individuals. Policy holders can use these plans for wealth creation, wealth transfer, estate distribution, and legacy management purposes.

In Singapore, Universal life policies are registered and approved by the Monetary Authority of Singapore (MAS).  This organization endeavors to promote sustained and non-inflationary economic growth in the country through carefully designed monetary policies and macroeconomic evaluation. Universal life insurance in Singapore has come a long way since it was introduced in the country back in 2003, with many local companies today coming up to cater to the increasing demand.

To get a better understanding of this product, you would need to understand its generic characteristics, some of which are mentioned below.

life insurance Singapore

• Caters to a target market – This is a product created for high net worth clients in both local and global markets.

• Offers high permanent coverage – The coverage for these policies are really high starting at about $ 500,000.

• Comes with a high age of entry – Applicants up to the age of 60 can apply and use the plans for estate and wealth management purposes.

• Premium financing possible – You can invest single or regular premiums and work with banks to finance the amount.

The option for interest crediting exists, with accounts earning interests at rates that change with time. Most plans come with a minimum interest rate, which is generally better than the interest rates being paid on bank deposits.  If the cash value or the premium payments are not sufficient to cover the cost of the insurance, the death benefits might not be available. However, you can add a guarantee to your policy to keep it effective when certain premium payments have been made. The policy would not lapse even when the cash value drops to zero.