Chubb Life Hong Kong Unveils New Multi-Currency Insurance Plan
- Written by Reporters
- Latest addition to flagship MyLegacy Series offers greater flexibility for legacy planning needs
- New multi-currency insurance plan adds flexibility with a first-in-market settlement option
- Legacy Planning Adaptability: First-in-market1 customized life event settlement option allows customers to pre-set financial payouts triggered by key life milestones—such as university graduation, marriage, or home purchase, passing on assets on their own exact terms without the threshold and setup complexity of typical trusts.
- Multi-Currency Governance: Customers may use the Currency Conversion Option2 starting from the 3rd Policy Anniversary to convert the policy to another available policy currency of choice, providing greater flexibility in cross-border wealth management.
- Flexible Withdrawal Options: Pre-set withdrawal instructions also offer a financial safety net for life's uncertainties. Customers may also use a one-time or regular cash withdrawals, or select an annuity option, while preserving underlying funds for long-term legacy planning.
- Multi-Generational Succession: To ensure seamless continuity across generations, policyowners can appoint up to 5 Interim Owners, Successor Owners, and Successor Insureds each.
- It is based on a comparison with other participating savings insurance plans offered by Composite and Long-Term Businesses as identified in the Register of Authorized Insurers by Insurance Authority as of 28 August 2026.
- Whilst the Policy is in force, starting from the 3rd Policy Anniversary, subject to the consent of any irrevocable Beneficiary(ies) and any assignee(s), customers may submit an application to convert the Policy to the plan designated by Chubb Life HK and change the currency of the Policy to a different currency. Any such application is subject to approval.
The issuer is solely responsible for the content of this announcement.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
Source https://www.media-outreach.com/news/hong-kong-sar/2026/09/28/490612/

