"Lower Premiums, Enhanced Coverage"... Fubon Hyundai Life Launches 'Smart Pick' Term Insurance

On April 9, Fubon Hyundai Life Insurance announced the launch of "Fubon Hyundai Term Insurance Smart Pick (Non-dividend Type)," which provides death benefit coverage for a specified insurance period at a reasonable premium.

The "Fubon Hyundai Term Insurance Smart Pick (Non-dividend Type)" focuses on providing death coverage during a fixed insurance period, allowing customers to enroll at a more reasonable premium compared to whole life insurance. If the non-refundable surrender value option is selected, the policyholder can pay even lower premiums in exchange for either no refund or a reduced refund upon surrender.

The "Fubon Hyundai Term Insurance Smart Pick (Non-dividend Type)" also offers a premium waiver if the insured is diagnosed with dementia. If the additional dementia premium waiver rider is selected, premiums are waived if the insured is diagnosed with at least mild dementia or suffers a residual disability of 50% or more. In addition to the base plan, coverage can be enhanced by adding riders such as the three major disease death rider, which covers death due to cancer, cerebral hemorrhage, or acute myocardial infarction, and the accidental death rider, which covers death due to accidents.

Fubon Hyundai Life Insurance's "Fubon Hyundai Term Insurance Smart Pick (Non-dividend Type)" offers the choice between a basic premium waiver type and an additional dementia premium waiver type. For each type, customers can choose between the standard type and the non-refundable surrender value type. Eligible entry ages range from 20 to 70, with policy maturities selectable at ages 65, 70, 80, or 90. For the standard type, 10-, 20-, and 30-year term options are also available.

Applicants with pre-existing medical conditions can also enroll through the "Simplified Enrollment" option. With "Simplified Enrollment," individuals aged 30 to 70 are eligible, and premiums are waived if the insured suffers a residual disability of 50% or more due to an accident. A Fubon Hyundai Life Insurance representative stated, "Fubon Hyundai Term Insurance Smart Pick (Non-dividend Type) is a product that allows customers to secure death benefit coverage at a reasonable premium to prepare for unexpected accidents during their economically active years." The representative added, "We will continue to develop products that satisfy our customers from their perspective, taking into account their life cycles."

This content was produced with the assistance of AI translation services.