Ace Life launches single premium universal life 65

April 25, 2011 | 16:27

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ACE Life Vietnam today officially launched Single Premium - Universal Life 65.

This is a universal life product which requires policy owners to pay a one-time premium only in order to be protected until the age of 65.

The product is designed to provide customers with one more option to be protected against financial losses in the event of death of the insured. The policy also provides policy owners with a secure means of saving for the future when they reach their age of retirement.

Target customers of this product are high-income earners, those who possess large disposable incomes, or those who wish to offer an insurance policy to their loved ones as a meaningful gift to show their appreciation..

The Single Premium – Universal Life 65, provides policy owners benefits such as surrender value at the policy maturity, death benefit and loan from surrender value.

“The development of the Vietnamese economy has resulted in a growing of the middle class. In major cities, more and more individuals enjoy an annual income of over VND300 million ($14,400),”said Lam Hai Tuan – CEO of ACE Life Vietnam and senior vice president of ACE Life.

By Van Ngoc

vir.com.vn

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