HSBC Life | Protecting your financial future

July 2021

An insurance policy represents one of the most important commitments you can make to your loved ones. Find out how you can protect their financial future as well as your own with different insurance solutions.

Protecting your financial future isn’t just about buying insurance to shield you from life’s risks. It’s also about how you plan to protect the people and things you love to ensure you're prepared financially if things don’t go according to plan.

Retirement planning

Today, more of us are able to enjoy longer retirements than we planned for, thanks to improved standards of living and better healthcare worldwide. That’s why it’s important to consider your ideal retirement life as soon as you can, and make the necessary financial preparations to make it happen.

The longer you're able to save, the better your chances of supporting your family and loved ones effectively and with ease. Keep in mind, however, that insurance is just one part of your retirement planning, and should therefore be complemented by other wealth management options.

How insurance can help protect your financial future

Choosing the right ways to protect your financial future is a matter of personal choice. It will depend on a number of factors, including:

What’s important to you (the people and things that you love)
Your age
Your job
Your relationship status
Your health

We look at specific ways to safeguard your family’s future in “Protecting your loved ones“, but it’s also important to consider the financial risks you might face and be prepared for them.

Here are three common ways that insurance can help:

Life protection

Life insurance can pay a lump-sum death benefit to your dependents if you pass away, giving you the reassurance that your loved ones will be looked after when you're no longer there to provide for them.

Income protection

If your income falls as a result of illness or injury, critical illness and income protection insurance can step in to replace some, or all, of the shortfall.

Health protection

As we grow older, our medical expenses will likely increase. And in these times of medical inflation, it’s even more important to ensure sufficient protection so you would have access to quality medical services in case of an illness.

Are you covered already?

Before taking out an insurance policy, it’s a good idea to review any coverage you might have already and determine whether it’s enough for you to protect your financial future. There are some tools that can help you accumulate wealth and save money at the same time through tax deduction! Please click the links below for more information.

Talk with us

Want to know more how our products can help you? Get personalised support from our Insurance Specialists. Book a face-to-face appointment or meet with us over video.

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Disclaimer

The information contained in this article is for general reference only and is not intended to constitute any recommendation or advice to any person or to be the basis for any financial decision. No person should act on any information in the article without seeking professional advice.

The information contained in this article 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 article should not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose.

HSBC Life shall not be liable for any loss, damages or costs which may be incurred (directly or indirectly) due or relating to any contents in this article.

HSBC Life (International) Limited (“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 Hongkong and Shanghai Banking Corporation Limited (“HSBC”) Group’s insurance underwriting subsidiaries. Insurance products provided by HSBC Life are only intended to be sold through HSBC in the Hong Kong SAR. Policyholders are subject to the credit risk of HSBC Life. 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 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 the information in the article is updated as of July 2021

Issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability)

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