HSBC Life launched a NEW term plan called "term protect advantage" and it is a non-participating term insurance plan.
If you are looking to cover for life, TPD and CI this plan can work for you.
There are premium flexibility is a unique feature and the guaranteed insurability options is useful. I'd summarise for you below.
UNIQUE: Premium term flexibility and Guaranteed Cash Value
Unlike most term plans which requires premium for the entire period, HSBC LIFE term protect advantage plan has premium flexibility.
For example, if you want coverage for 30years till age65 and want premiums to be completed in 20years (age55), it is customisable.
This is useful for budgeting and financial planning. AXA term plan has a similar feature.
When the premium term is shorter than the term of the plan, there will be guaranteed cash value built up in the policy as shown above....