Career starters may find it financially challenging to start taking care of the family. You need an affordable life insurance plan which gives adequate protection to your family. How can “WeCare TL2” help you?

Taylor, 25 years old, becomes a freelancer after graduation. She is a part-time webpage and program designer, as well as a travel influencer. Taylor plans to work for five years as a freelancer before looking for a full-time job. She needs a basic life insurance plan at a low premium to provide adequate protection for her parents. Let’s assume that she is free from any debt and gives her parents HK$8,000 per month. To cover a 5-year protection period, she needs a plan with a protection amount of around HK$500,000. She, therefore, decides to purchase “WeCare TL2” with a protection amount of HK$500,000 over a 5-year coverage period with a monthly premium of HK$15.

Whether or not you are covered by your company’s group life insurance plan, a basic protection for yourself is a must as your company’s plan may not cover your needs well. A basic protection gives you confidence facing changes in career and life. How can “WeCare TL2” help you?

Simon is married and has his own flat at the age of 32. He has a stable income sufficient to cover his living expenses. Although he is covered by the group life insurance plan of his company, the protection amount is far below the amount of his mortgage loan. He hopes to get a life insurance plan at an affordable premium to cover all his family expenses. Let’s assume that the amount of his mortgage loan is HK$3 million and the monthly support for his parents and wife is around HK$10,000. To cover a mortgage repayment period of 20 years, the protection amount required would be around HK$5.5 million. Therefore, he decides to purchase “WeCare TL2” with a protection amount of HK$5.5 million over a 20-year coverage period at a monthly premium of HK$504.15.

You may already have a life protection plan sufficient to cover your family expenses when needed. As you embark on new stages of life such as getting married, buying a house, expecting a child, or starting a new business, you need to extend your plan’s coverage accordingly. How can “WeCare TL2” help you?

Tony is the father of a newborn at the age of 35. He has a policy with a sum assured of HK$1 million, which is not sufficient to provide extra coverage to his son. As a breadwinner, Tony wants to enhance the existing coverage level with an affordable premium. Assuming that the monthly expenditure for raising his son is HK$15,000 per month for the next 15 years, the sum assured required would be approximately HK$3 million. Therefore, Tony makes a decision to purchase “WeCare TL2” with a protection amount of $3 million at a monthly premium of HK$282.49 with a term of 15 years.