Life insurance is designed primarily to protect your family’s financial security after you die. But your needs change and some types of insurance can offer you access to assets to meet needs during your lifetime. So it’s a smart addition to any financial plan — because it can serve different functions within your overall investment strategy.
Hong Kong has one of the most tax-friendly economies in the world. The city only imposes three direct taxes and has generous allowances and deductions which reduce your taxable amount.
Life Insurance provides death benefit protection, as well as a savings or cash value component. It builds cash value because the insurance company credits your policy each month with a fixed interest rate. You have some flexibility to pay your premiums in different amounts or at different times.