Fubon Hyundai Life Launches Customized Coverage Service 'MAX Whole Life Insurance One Pick'

[Asia Economy Reporter Changhwan Lee] Fubon Hyundai Life announced on the 13th the launch of ‘MAX Whole Life Insurance One Pick,’ which offers lifelong death coverage as well as a plan for myself and preparation of guaranteed assets for my family all at once.

Fubon Hyundai Life’s ‘MAX Whole Life Insurance One Pick’ is characterized by allowing subscription with a customized coverage plan for myself and my family.

Death coverage can be selected as either increasing type or basic type, and simple subscription is available when age or medical history is a concern.

The surrender value is increased through the full payment maintenance bonus accumulation, and through the surrender value utilization option, it can be used for pension conversion riders (deferred type) and advance payment of death benefits as an annuity.

One Pick means ‘I choose one,’ signifying ‘the best product I choose among whole life insurance policies.’

The coverage period of Fubon Hyundai Life’s ‘MAX Whole Life Insurance One Pick’ is lifelong, and death coverage can be selected between increasing type or basic type.

If death coverage is selected as increasing type, from the point 3 years after the insurance contract date, the death benefit increases by 5% annually for 10 years, up to a maximum of 150%.

The premium payment period for Fubon Hyundai Life’s ‘MAX Whole Life Insurance One Pick’ can be selected as 5, 7, 10, 15, or 20 years. The longer the premium payment period, the lower the monthly premium burden.

After the premium payment is completed and the premium payment period has elapsed, the surrender value is increased through the full payment maintenance bonus accumulation, which adds a certain percentage of the total premiums paid.

For a 40-year-old man subscribing with an insurance amount of 50 million KRW, a 20-year premium payment period, and increasing type coverage, the monthly premium is 235,500 KRW. For a 40-year-old woman under the same conditions, the monthly premium is 221,500 KRW.

If the insured suffers a disability of 50% or more (only 50% or more accidental disability in the case of simple subscription), future premium payments are waived.

A Fubon Hyundai Life official explained, “This product maximizes customer choice opportunities and coverage functions,” adding, “It is a product that offers lifelong death coverage as well as customized coverage plans for myself and my family according to life cycles.”

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