Fubon Hyundai Life said on the 26th that it launched Max yeongeumdaun annuity insurance savings type (non‑par), which guarantees up to 6% compound annual interest during the premium‑payment period.
For type 1 (with guarantee cost), the product guarantees the amount at the minimum annuity reference amount by applying 6% compound annual interest during the premium‑payment period and 4% compound annual interest from the end of payments until annuity commencement. However, the total insurance payout limit is up to 350% of total premiums paid for a 10‑year payment term and up to 300% for a 20‑year payment term.
When annuity payments begin, policyholders can withdraw the lesser of premiums already paid or 40% of the annuity reference amount to use as a lump sum for tuition or medical expenses. The remaining annuity assets can be paid for life. If the policyholder dies while receiving the annuity, the remaining annuity assets within the guaranteed payment period can be inherited by the family.
Eligible entry ages range from 0 to 65, and annuity commencement can be selected between ages 45 and 80. Monthly premiums start at 200,000 won, and policyholders can choose between 10‑year and 20‑year payment terms. If certain conditions are met, tax‑free benefits may apply to the annuity and earmarked funds.
A Fubon Hyundai Life official said the product is designed so customers can prepare both a stable cash flow after retirement and earmarked funds.