Home > Premium financing FAQs: Comparisons with mortgage
Premium financing FAQs: Comparisons with mortgage
You can mortgage your property for a bank loan. But did you know you can also apply for premium financing by using your policy as security? What are the similarities and differences? Let’s ask the experts.
Premium financing FAQs: How to choose, how to use
How can you use premium financing to achieve greater financial efficiency or plan your children’s future? What are the things to consider when choosing an insurance policy? Let’s see what the experts say.
Premium financing FAQs: What are the risks?
What are the risks to consider when applying for premium financing? Why is it that the older the life insured, the higher the cost? Why are higher interest rates both good and bad? Let’s ask the experts.
The thoughts and opinions above are the interviewee’s own, and are reproduced here for reference only. They do not constitute any suggestions, advice or recommendations with regard to any decisions, financial or otherwise, which you might make, nor do they represent the views of HSBC Life (International) Limited or the HSBC Group.
This video only provides a brief summary of general information, and is subject to the policy terms of different types of insurance plan, and the terms of relevant lender/bank in respect of any kind of premium financing/borrowing. You should not rely on this video to make any kind of decision. This video does not constitute any legal advice or any form of recommendation. Each person’s individual circumstances may be different. HSBC Life (International) Limited (“HSBC Life”) and HSBC Group shall not be liable for any loss, damages, or costs which may be incurred (directly or indirectly) by any person due to or relating to this video. HSBC Life has no obligation to provide any update regarding the contents of this video.
Any borrowing or leverage shall be subject to the terms and conditions of the relevant lender/bank, costs and potential risks. You may lose all your interests in the insurance policy if you cannot repay the lender/bank upon demand at any time or if you fail to fully comply with all of the bank/lender’s terms and conditions. Whether borrowing or premium financing is suitable (or not) shall be dependent on each individual’s assessment of personal financial circumstances, cash flow, and ability to repay the lender. Please directly discuss with the relevant lender/bank regarding the specific terms and conditions of any intended lending or premium financing.
The information contained in this video is for general reference only and is not intended to constitute a recommendation or advice to any person or to be the basis for any financial decision. No person should act on any information in the video without seeking independent professional advice, before making his/her own decision.
HSBC Life (International) Limited (“HSBC Life”) has based this video on information obtained from sources it believes to be reliable, but which it has not independently verified. HSBC Life or The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness. Information in this video is subject to change without notice.
The information contained in video does not constitute an offer for the purchase or sale of any banking or insurance products or services. Products and services are subject to individual needs. Contact your financial planner to review your financial needs and risk acceptance level. This video should not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose.
HSBC Life is authorised and regulated by the Insurance Authority to carry on long-term insurance business in the Hong Kong SAR. HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group’s insurance underwriting subsidiaries. Insurance products provided by HSBC Life are only intended for sale through HSBC in the Hong Kong SAR. Policyholders are subject to credit risk of HSBC Life, if the policy is terminated and/or surrendered early, the benefit amount received by the policyholder might be a lot lower than the premium paid. For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance product should be resolved between HSBC Life and you directly. For details and information about HSBC Life products, please visit the insurance-related pages at HSBC’s website or visit our branch.
All information in the video is update up to Sep 2021
This disclaimer is issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability)
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