Stay ahead with these retirement planning tips

Are you prepared to enjoy your retirement with the lifestyle you want?

92% respondents underestimate lifespan – by 10.6 years on average1

Respondents believe that their average expected lifespan is 82 years1, which is significantly lower than the average expected lifespan provided by the Census and Statistics Department of Hong Kong

Respondents believe that their average expected lifespan is 82 years1, which is significantly lower than the average expected lifespan provided by the Census and Statistics Department of Hong Kong

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With an average annual inflation rate of 3%, the purchasing power of HKD1,000,000 today will be equivalent to HKD410,000 in 30 years

From 2009 to 2018, the average inflation rate in Hong Kong was 3.03%3

From 2009 to 2018, the average inflation rate in Hong Kong was 3.03%3

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Among people aged 65 or above, around 70% of them are suffering from chronic illness4

1 out of 4 people will have chances of developing cancer by 75 years old5

1 out of 4 people will have chances of developing cancer by 75 years old5

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Retirement Savings Golden Ratio is 2:17

On average, for every 2 years of work, you should save at least 1 year of retirement expenses7

On average, for every 2 years of work, you should save at least 1 year of retirement expenses7

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Building wealth through passive income is an essential part of retirement planning. You can create steady monthly income for retirement while pass on wealth to the next generation

By leveraging life insurance, you can enhance the quality of retirement life without affecting the wealth that heirs can enjoy

By leveraging life insurance, you can enhance the quality of retirement life without affecting the wealth that heirs can enjoy

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Annuity & Retirement Solution

 pruretirement

PRURetirement Deferred Annuity Plan

Qualifying deferred annuity policy (“QDAP”) allows tax deduction claim for qualifying premiums paid. Designed to receive 10 or 20 years of monthly annuity and lump-sum amount against covered diseases paid to designated family member for financial relief.  Plan early to enjoy financial freedom in retirement.

 evergreen wealth income

Evergreen Wealth Income

Single Premium policy for long-term monthly income and legacy planning.  Designed to receive monthly income for better financial liquidity, also allow to pass on your wealth and the monthly income to your loved ones. Different death benefit settlement options to safeguard your family.

 wealth income plus

Evergreen Wealth Income Plus

Regular Premium policy for long-term monthly income and legacy planning.  Designed to receive monthly income for better financial liquidity, also allow to pass on your wealth and the monthly income to your loved ones. Distribute your wealth flexibly as your family grows.

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Disclaimer and Important Notes

Standard Chartered Bank (Hong Kong) Limited is an insurance agent of Prudential Hong Kong Limited (Licensed Insurance Agency FA1239).
This webpage is intended to be valid in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. Prudential and Standard Chartered do not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions. This webpage does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction.
The material and information contained on this webpage should be read in conjunction with the relevant product brochure and for the risk disclosure, please refer to the product brochure.

Notes

This webpage is for your information only. Customers must not rely on the information in this webpage alone to enter into any transaction. Customers are recommended to seek professional for specific advice.
Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) expressly disclaims all liability for the use or interpretation by others of information contained in this webpage.
All information shown is for reference purpose only and should not be considered as an offer or solicitation for any of the products or investments mentioned herein. Some of the information in this webpage may contain projections or other forward-looking statements regarding future events or the future financial performance of countries, markets
or companies. These statements are only predictions but actual events or results may materially differ. Any opinion or information contained in this webpage is made on a general estimate basis, without any guarantee of accuracy, and should not be relied upon by the reader as advice. Standard Chartered reserves the right to
make changes and corrections to its opinions expressed in this webpage at any time, without any prior notice. You are advised to seek independent advice from appropriate professionals (such as accountants, financial consultants or lawyers, etc) before making any decision on the topic(s) mentioned in this webpage.
Standard Chartered makes no recommendation on using any product or service mentioned in this webpage which are not provided by Standard Chartered or Prudential Hong Kong Limited (“Prudential”), and accepts no liability for any loss or damage arising directly or indirectly from your use of such product or service howsoever arising.
Investing can be complex due to changing market conditions. You have your own personal circumstances, specific needs and investment objectives. You may also hold assets elsewhere. These factors, which can change from time to time, and your holdings held elsewhere have not been factored in.
Notwithstanding any discussion with your Relationship Manager, before deciding to proceed with any investment transaction, you should make an independent assessment about the risks, merits and appropriateness of each investment transaction, and seek independent professional advice.
We are not providing portfolio monitoring services and are not obliged to review, manage or monitor the performance of your investment holdings.
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Investors should not make investment decisions based on this webpage alone.
This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Sources

1. Prudential “Longevity Resilience Survey” September 27, 2022
2. Average life expectancy data from the Census and Statistics Department of the HKSAR Government
3. Statistical Reports on the Consumer Price Index from the Census and Statistics Department of the HKSAR Government
4. 2021 Population Census: Key Findings from the Census and Statistics Department of the HKSAR Government
5. “Cancer Statistics in 2021.” Hong Kong Cancer Registry, Hospital Authority. Nov. 2023
6. Prudential “2022 Individual Life Claims Report”
7. “積金Secrets” by the Mandatory Provident Fund Schemes Authority (MPFA)
8. Hong Kong Investment Funds Association
9. Assumed example: The policyholder is a 50-year-old non-smoking male, mainly residing in Hong Kong, with a health rating of standard. After completing a financial needs analysis, he undertook a designated single premium whole life insurance place. All reference numbers are rounded for illustrative purposes. All prospective policyholders must complete a financial needs analysis and pass the underwriting process before determining the final approval result for insurance. The above example is for illustrative purposes only and has no sales purpose. All information about this example is subject to the terms and conditions of the policy contract and may change in the future.

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