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Premier Universal Life 2013

The Premier Universal Life 2013 is designed to optimize customers’ benefits in addition to meet their financial protection needs against unexpected risks.

This product provides customers and their family members* with maximum protection in one policy. In addition to the main plan, customers can select to add supplementary benefit(s) to enjoy a more comprehensive protection in a single policy.

One of the advanced features of Premier Universal Life 2013 is that after deducting the prescribed charges and fees, all premium of main plan and supplementary benefits will be contributed to ONE single policy account value.  Thereby, customers with more supplementary benefits added will have higher account value than those without or have less supplementary benefits.
 

MAIN PLAN FOR THE MAIN INSURED PERSON

Please see Policy Wordings for full details

LONG-SCALE ACCIDENTAL DEATH AND DISMEMBERMENT (ADD): NEW

This feature provides full and high level protection for various types of injuries caused by accidents. It covers not only accidental death but also injuries caused by accidents, such as: internal organs injury; bone, joint and ligament injury; burned cases; and disability of other body parts. Moreover, ACE Life may pay up to 300% of the sum insured of this benefit in case of death by accident.

In order to leverage the protection for customers, this supplemental benefit is also integrated in other ACE Life’s existing UL variants.

 SUPPLEMENTARY BENEFITS COVER 40 CRITICAL ILLNESSES

Two new supplementary insurance benefits to the “Premier Universal Life 2013” for critical illness i.e., “Staged Critical Illnesses” (SCI) and “Multiple Pay Critical Illnesses” (MPCI) are the comprehensive insurance plans provide financial security for the family when the insured suffers from specific critical illnesses, which may affect the family’s income source. SCI focuses on supporting the treatment cost in the early stages while MPCI pays up to 300% of the insured amount with multiple claims protection for up to three different critical illnesses diagnosed.

INSURANCE BENEFITS PACKAGE – “THE GIFT FOR LIFE”

 “The Gift for Life” is an enhancement of the Premier Universal Life 2013 product which now offers the added feature of comprehensive protection for the whole family packaged in one policy. “The Gift for Life” provides you as parents with more options to find the right insurance and financial solutions to help you plan a secure future for your children against unexpected risks. Your financial plans for your children will be ensured by ACE Life through different milestones of life until they grow up. 

When selecting “The Gift for Life”, in addition to the standard benefits of the main plan, ACE Life provides customers with three supplementary benefits for parent lives, include:

  • Parents Term
  • Parents Waiver due to Death
  • Parents Waiver due to Critical Illnesses

SUPPLEMENTARY BENEFITS FOR MAIN INSURED PERSON’S FAMILY MEMBERS*

  • Spouse Term
  • Spouse Waiver
  • Payor Term
  • Payor Waiver

* Family members of the main insured of these additional supplementary benefits include legal spouse, parents or legal guardian


SUPPLEMENTARY BENEFITS FOR MAIN INSURED PERSON

  • Enhanced Accidental Death and Dismemberment
  • Total and Permanent Disability
  • Hospital Stay Plus
  • One Time Hospital Stay
  • Waiver of COI, COR and Admin Fee
  • Inflation Indexed Term


This document only provides basic information, for more details please contact our account representatives or hotline : (08) 38 278 123