^# An application to designate a contingent owner must fulfill the following requirements: (i) if the policy owner is the insured, the policy owner may apply to designate a contingent owner only if a contingent insured is also designated at the same time; (ii) the contingent owner must be at or above age 18 as at date of the application for the designation of the contingent owner; (iii) the designation satisfies such insurable interest requirements as the Company considers applicable (only for policies issued in Hong Kong); (iv) the policy owner and the contingent owner must be alive at the time of application and on the date the Company approves the designation; (v) the designation of contingent owner must be endorsed in writing by the contingent owner, the irrevocable beneficiary (if any) and the assignee (if any); and (vi) only one individual person can be designated as the contingent owner at any one time. Written application for the designation of a contingent owner should be made by you and such application is subject to applicable laws, regulations and guidelines, the administrative rules of the Company, other conditions as set out in the specified application form and approval of the Company at its sole and absolute discretion. If the policy owner dies before the maturity date while the basic plan is in effect, the contingent owner shall replace the deceased policy owner and become the new policy owner subject to the Company’s prevailing rules and the conditions as set out in the policy contract. The Company has sole and absolute discretion to approve or disapprove the replacement of the deceased owner by the contingent owner. If the Company approves the replacement of the deceased policy owner by the contingent owner, the contingent owner will become the new policy owner and shall assume all the obligations and be entitled to exercise all the rights of the policy owner. The designation of the contingent owner will be revoked automatically upon specified events as set out in the policy contract. Please refer to the policy contract for details.

* By paying a lump sum amount which is equal to 2 times the amount of the initial annual premium for the basic plan of FortuneXtra Savings Plan (2-year pay) with policy currency of USD at the time of application. Promotional period ends on 31 May 2024. Terms and conditions apply. For details, please refer to the relevant promotion leaflet.

^{^} When you apply to exercise the Flexi Segregation Option, you shall specify the percentage (the “Segregation Percentage”) of the total cash value you wish to transfer to the Segregated Policy. An application to exercise the Flexi Segregation Option must fulfill the following requirements: (i) the notional amount of the Segregated Policy and the remaining notional amount of the existing policy immediately after the transfer must not be less than the respective minimum amounts as may be determined by the Company from time to time; (ii) an application to exercise the Flexi Segregation Option cannot be withdrawn or changed once made; (iii) at the time of our approval of your application, all premiums of the policy which are due have been paid, there is no advance payment of the premiums and the policy has no indebtedness; (iv) if there is any outstanding application for any transaction under the existing policy, the Company will not process the application to exercise the Flexi Segregation Option until such transaction has become effective or such application has been withdrawn; and (v) any application to exercise the Flexi Segregation Option is subject to the approval of the Company at its absolute discretion. If the Company approves the application to exercise the Flexi Segregation Option, (i) the notional amount will be reduced in accordance with the Segregation Percentage, and the guaranteed cash value, the face value and the cash value of the reversionary bonus, the face value and the cash value of the terminal bonus, the value of the Prime Currency Account, the value of the Global Currency Account, the benefits and premiums payable (if applicable) under the existing policy will also be reduced accordingly; (ii) all supplement(s) (if any) attached to the existing policy will continue to be attached subject to the Company’s then prevailing rules and minimum amount requirement; (iii) the policy commencement date of the Segregated Policy will be the same as that of the existing policy; (iv) the policy currency and the currency of the global currency account of the Segregated Policy will also be the same as those of the existing policy; and (v) an amount which is equal to the total cash value multiplied by the Segregation Percentage will be transferred to the Segregated Policy. Please refer to the policy contract for details.

**This reference pertains to savings insurance plans of a similar nature introduced post-2011. After securing the policy value, you can maintain dual currency accounts under the same policy (as per AXA's internal market survey, data accurate as of November 2021).

The above content is reviewed by Mr Daniel Lau - Head of Wealth Management Training of AXA Hong Kong and Macau.

The plan is subject to the terms, conditions and exclusions of the relevant policy contract. AXA reserves the final right to approve any application. For detailed terms, conditions and exclusions of the plan, please refer to the relevant policy contract.

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