CTF Life Launches Sky Leap 88 Savings Plan for Wealth Transfer Solutions

CTF Life's launch of the Sky Leap 88 Savings Insurance Plan marks a strategic move to capitalize on the growing demand for wealth accumulation and intergenerational wealth transfer solutions.

The Sky Leap 88 Savings Insurance Plan aims to attract customers through an advanced premium discount of 8% to 10% in the first year, applicable to those who use the Value Enhance Option and pay the full basic premium upfront. This product is designed to facilitate wealth succession, addressing a global shift towards preserving and passing down assets. As Hong Kong’s Financial Services and the Treasury Bureau indicates, a staggering $83 trillion in private wealth is predicted to transition between generations worldwide over the coming decades, highlighting a significant market opportunity.

Beyond the enticing premium discount, CTF Life has integrated several appealing features into the Sky Leap 88 plan. These include an increased Guaranteed Cash Value and Total Policy Value, aiming to provide policyholders with added financial security and a favorable return on investment. The plan shortens the Guaranteed Breakeven Period and the Projected Breakeven Period by one year, which is an attractive proposition for those prioritizing liquidity and long-term growth. Furthermore, the product is projected to yield an internal rate of return of 6.5% by the 20th policy year, which is likely to resonate with consumers prioritizing efficient wealth accumulation in today’s dynamic financial environment.

• First-year premium discount: 8%–10% for advanced premium payments.
• Increased Guaranteed Cash Value: Enhanced financial security over the policy duration.
• Reduced Breakeven Periods: Shortened by one year for quicker financial benefits.
• Projected 6.5% internal rate of return: Targeting the 20th policy year.
• Market opportunity: Aligns with the forecasted $83 trillion global wealth transition.