Revolutionary Savings Product offers flexibility to sculpt your life

According to the “AXA Stability and Prosperity (S&P) Index” survey¹ conducted recently, over 80% of respondents in Hong Kong do not feel satisfied with their current financial status². It reveals that the great varieties of savings plans in the market may not offer flexibility to address different needs in life. Regarding personal wealth goals, respondents also state that enjoying retirement, buying a flat and ensuring a high quality of life are the three most distant goals that will take over 20 years in average to achieve³. The path to financial goals can be filled with surprises. A practical yet flexible savings strategy, which allows for customisation based on changing circumstances, is therefore essential to sculpting the ideal life.

“In this ever-changing world, it can be difficult to reach certain wealth accumulation goals using traditional saving plans that lack flexibility and customisability,” says Kevin Chor, Chief Life Product and Proposition Officer, AXA Hong Kong. “A savings plan that allows high flexibility and growth potential is essential in meeting the different needs at different life stages. AXA Hong Kong’s latest Flexi Power Saver product redefines ‘flexibility’. With the introduction of the ‘Dual Accounts’ feature – the flexible ‘Flexi Account’ that provides capital protection and the ‘Growth Account’ that highlights potential higher returns, customers can accumulate and manage their wealth much more effectively.”

AXA Hong Kong’s latest Flexi Power Saver product offers a range of options to craft a customised saving strategy. The brand new “Dual Accounts” feature gives customers greater latitude to flexibly optimise their savings portfolio and strike a balance between liquidity and growth, thus customising their savings strategy and managing wealth at their own preferences.

Enjoy flexibility with the brand new “Dual Account” feature
To manage varying needs in different life stages with Flexi Power Saver, customers simply have to choose the preferred premium payment period and accumulation period. Customers can then readily utilise the flexibility and potential return offered by the policy, by designating the desired allocation to the Growth Account and/or the Flexi Account before the end of the accumulation period, based on their personal financial needs at the time.

Flexi Power Saver’s main features include:

• Customise the allocation to the “Growth Account” and/or “the “Flexi Account” before the end of the accumulation period, based on financial needs at the time.
• At the end of the accumulation period, customers are entitled to a guaranteed cash payment of 168%⁴of the notional amount, as well as a non-guaranteed special cash payment.
• Flexi Account – This account is capital protected and offers non-guaranteed interest. Once the policy values and/or interests are transferred to this account, it becomes guaranteed. Customers have full access to this account and can withdraw the value in a lump sum or by instalments so as to accommodate their financial needs at different stages of life, without having to surrender the policy.
• Growth Account – This account allows customers to earn a higher long-term potential return than the Flexi Account. They can also exercise the Growth Account Lock-in Option to capture and secure any market upside by transferring the value to the Flexi Account for easy withdrawal in the future.

Increased Flexibility in Wealth Transfer: Extended coverage up to age 138 of the insured
In addition to fulfilling personal financial goals, a rising number of people are looking to transfer wealth across generations. To better assist customers in effective intergenerational wealth accumulation, Flexi Power Saver provides extended coverage up to age 138 of the latest insured. Without affecting the policy value, customers can change the insured of the policy up to a maximum of three times⁵, allowing them to pass on their legacies to successive generations.                                                                                                                                                                       

For more information on Flexi Power Saver, please visit AXA Hong Kong product website, and refer to the enclosed case studies.