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Interview

How do “Astronaut Families” balance career and family across borders?

In recent years, some families have chosen to live across borders, with one parent working in Hong Kong while the rest of the family lives overseas. In this episode, we speak with Isaac, an astronaut parent, about the realities of living apart, how to maintain family relationships, and the psychological and financial preparation required.

Key insights:

  • Isaac has been part of an “Astronaut Family” for six years, working in Hong Kong while his wife and three children live in Australia.
  • One of the biggest challenges for astronaut families is long-term separation, including limited daily interaction and increased emotional pressure. Isaac initially planned to move to Australia with his family, but after considering differences in income levels and career opportunities, he chose to stay in Hong Kong to work.​ Isaac also shares that the hardest part of being apart is missing key moments in his children’s growth. To stay connected, he makes regular visits and maintains daily communication with his wife and children across time zones.
  • He emphasises the importance of preparation before relocation. Families should consider whether the new environment is suitable, plan for at least a year of financial buffer without income, and be ready for differences in exchange rates, cash flow, and living costs.​
  • Isaac agrees that without proper financial planning, living apart can create additional pressure and affect how well families adapt after relocation.
  • HSBC Eminent Goal Multi-Currency Insurance Plan II supports your evolving needs, offers up to 10 currency options^ with innovative market-first* Exchange Rate Tracking Alert and market-leading+ Flexible Withdrawal Option without any administrative charge, helping you manage currency savings at the right time.


^MOP is to be made available for the policies issued in Macau SAR only, exact availability to be determined by us.
* This feature of Exchange Rate Tracking Alert is market-first, which notifies Policyholder when the Tracked Currency reaches the Target Exchange Rate. The “market-first” statement is based on our interpretation of currently available market information, by comparing our Plan with other similar publicly available long-term participating insurance plans issued by other Hong Kong SAR market players as of October 2025. Tracked Currency means the currency made available from the Company from time to time, which has been designated by you and the Company agrees to track for the purposes of the Exchange Rate Tracking Alert. Target Exchange Rate means the exchange rate of the existing policy currency to the Tracked Currency chosen by you.​
+ The Flexible Withdrawal Option contains the market-leading features, which allow Policyholder to partially surrender the policy in the form of regular withdrawals, and transfer to one designated payee to receive such partial withdrawal payment. Additionally, transfer made to overseas bank accounts will be executed without incurring any administrative charges. The “market-leading” statement is based on our interpretation of currently available market information, by comparing our Plan with other similar publicly available long-term participating insurance plans issued by other Hong Kong SAR market players as of October 2025.

 

Special offers

Apply for HSBC Eminent Goal Insurance Plan II to enjoy up to 20% off first-year premium discount. Plus an additional 1.5% off for select customers.

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Offer ends 31 March 2026. T&Cs apply.

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Disclaimer
HSBC Eminent Goal Multi-Currency Insurance Plan II is a long-term participating life insurance plan with a savings element and non-guaranteed returns underwritten by HSBC Life (International) Limited ("HSBC Life") which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. It is not a bank deposit or bank savings plan. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an agency of HSBC Life for the distribution of life insurance products in the Hong Kong Special Administrative Region. This product is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your benefit is subject to the credit risk of HSBC Life. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.

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