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Product Summary
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Product Name:
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Principal "Smart-Retire" Annuity Plan.
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Frequency of Contribution:
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Single premium
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Minimum Contribution Amount:
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USD7,500 or HKD58,500
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Guaranteed Return:
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Single premium with fixed guaranteed interest rate during the
guaranteed period.
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Guaranteed Interest Rate:
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2.35%
Valid till 15 April 2009
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Guaranteed Period:
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5 years
(The interest rate is guaranteed for five years from the plan effective date.)
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Maximum Issue Age:
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Age 95
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Withdrawal Options:
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Full withdrawal after the guaranteed period
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Annuity payout#
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Annuity Payout Options:
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10 Years Fixed Period Income
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15 Years Fixed Period Income
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Death benefit payable:
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101% of account value
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Annual Charge:
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NIL
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Asset Fee:
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NIL
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Management Fee:
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NIL
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# Could be converted to "Immediate Annuity" one year after
the contract date.
Why is Annuity recommended to YOU?
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Risk-free investment unaffected by market fluctuations
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Guaranteed return rate for a guaranteed period, helping you accumulate savings
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Secure and steady stream of retirement income
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Two flexible payout methods tailored to suit your needs
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Makes retirement an enjoyment but not a burden
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Helps you achieve retirement goals
Benefits of Principal "Smart-Retire" Annuity Plan:
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100% capital guarantee
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Guaranteed return of 112%* in 5 years
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One-off premium contribution with no hassles
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No hidden charges - no subscription fee, no annual fee, no asset management fee
and no administration fee
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Tax-exempted death benefit of 101%
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Managed by the Principal, the Retirement Service Specialist
*The guaranteed return is calculated based on an annual interest rate of 2.35%
compounded daily
Information provided here is for reference only and is not intended as a
replacement for the detailed information found in the actual contract. The
content here should only be used for your general information and not by way of
a specific recommendation or financial advice as every individual's
circumstances are different. The references here are subject to change without
notice. Please contact our sales representatives for further details.
You are most welcome to call Principal "Smart-Retire" hotline:
2827 8112 for enquiries
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