Enhancing Retirement Cash Flow... Fubon Hyundai Life Launches "MAX Pension Down Pension Insurance"

Fubon Hyundai Life Insurance announced on the 26th that it has launched its new product, the "MAX Pension Down Pension Insurance Savings Type (Non-dividend)."

This product provides comprehensive post-retirement cash flow, including not only living expenses after retirement but also funds for specific purposes when needed, as well as financial support and consolation for surviving family members in the event of death.

For Type 1 (guaranteed-cost type) subscribers, the product guarantees the minimum pension base amount (pension reserve) by accruing interest at an annual compound rate of 6% during the payment period and 4% annually from the end of the payment period until the start of pension payments.

The minimum pension base amount can be guaranteed up to 350% of the premiums already paid for a 10-year payment plan and up to 300% for a 20-year payment plan. While this provides a stable retirement income through a solid pension reserve, if the policy is canceled before the commencement of pension payments, the amount may be less than the premiums paid.

The "MAX Pension Down Pension Insurance Savings Type (Non-dividend)" allows withdrawals at the start of the pension, up to the lesser of "premiums already paid" or "40% of the pension base amount (pension reserve)." This makes it possible to use the funds for major expenses such as children's university tuition or medical bills. If necessary, at the time of pension commencement, the total amount of premiums paid can be withdrawn, and the remaining pension reserve can be used to receive pension payments for life.

If the contract holder dies while receiving the pension, the remaining pension reserve within the guaranteed payment period can be inherited by family members. If, before the pension starts, the insured becomes disabled at 80% or more, a disaster disability insurance benefit of 500,000 won per month will be paid for 36 months, only once. By adding the life death coverage rider, bereaved families can receive a death benefit, enabling not only retirement preparation but also protection against economic risks that the remaining family may face.

A representative from Fubon Hyundai Life Insurance stated, "This pension insurance provides the optimal solution for customers interested in securing various cash flows after retirement," adding, "We plan to continue introducing products that can genuinely help customers throughout their life cycle by considering their individual needs."

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