Death Benefit is equal to
If the Insured’s advent of death is highly likely within 12 months as certified by a registered medical specialist, Death Benefit will be advanced to the policy owner
Advanced Death Benefit5 is equal to
After MyTerm has been in effect for 1 year, you can exercise the Life Celebration Booster Option6 on or before age7 55 to purchase an add-on rider (“Life Celebration Booster”) without the requirement of evidence of insurability upon the occurrence of the designated Life Celebration Event(s):
The Sum Insured of Life Celebration Booster shall not exceed the lower of (i) 25% of the Sum Insured of MyTerm or (ii) HK$1,000,000
You can only exercise this option once per Insured under all policies of MyTerm issued by us
No Advanced Death Benefit will be paid where the Insured’s advent of death is highly likely within 12 months and caused directly or indirectly from any of the following:
intentional self-inflicted injury, or attempted suicide, while sane or insane and while intoxicated or not; or
Human Immunodeficiency Virus (HIV) related illness, including Acquired Immunization Deficiency Syndrome (AIDS) and / or any mutations, derivations or variations thereof, which is derived from an HIV infection; or
any condition arising out of consumption of poisoning drugs, psychiatric drug, drug abuse, alcohol abuse, abuse of solvents and other substances unless prescribed by a Registered Medical Specialist for treatment.
This product is an insurance policy issued by FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“FWD”). The application of this insurance product and all benefits payable under your policy are subject to the credit risk of FWD. You will bear the default risk in the event that FWD is unable to satisfy its financial obligations under this insurance contract.