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MY Deferred Annuity 3

Last checked

At a glance

Insurer
YF Life Insurance International Limited
Product category
QDAP annuity
Policy currencies
USD
Premium payment terms
Premium payment terms (2)
Premium payment terms
5 years
10 years
Issue ages & basis
Issue ages & basis (3)
Issue ages & basis
Recorded informationPremium payment terms / Age basis
40 years to 70 years10-year accumulation period.
Age basis: Age last birthday
30 years to 60 years20-year accumulation period.
Age basis: Age last birthday
20 years to 50 years30-year accumulation period.
Age basis: Age last birthday
Minimum premium & basis
USD 2,500 / Annual / 10-year premium term; 5-year term minimum USD 5,000 annually.
  • Guaranteed and non-guaranteed monthly annuity; accumulation periods of 10, 20 or 30 years and annuity periods of 10/20 years or lifetime.
Product enquiry via a licensed Hong Kong brokerCompare with similar plans

Decision sheet

9 of 14 known · 5 not published · 0 not yet checked
What it pays and when

Benefit term: Until the annuity period ends / 10/20-year or lifetime annuity period.Public source · Checked:

Recorded features: Guaranteed and non-guaranteed monthly annuity; accumulation periods of 10, 20 or 30 years and annuity periods of 10/20 years or lifetime.Public source · Checked:

Benefit limits
not publishedDocuments checkedPublic source · Checked:
Premium and payment term

Premium payment terms: 5 years / 10 yearsPublic source · Checked:

Minimum premium & basis: USD 2,500 / Annual / 10-year premium term; 5-year term minimum USD 5,000 annually.Public source · Checked:

How premiums can change
not publishedDocuments checkedPublic source · Checked:
Guaranteed / non-guaranteed

Guaranteed and non-guaranteed monthly annuity; accumulation periods of 10, 20 or 30 years and annuity periods of 10/20 years or lifetime.Public source · Checked:

Waiting periods

Suicide within one year of policy date or approved reinstatement, whichever is later, limits liability to the higher of cash value or paid premiums less paid/payable benefits and policy debt.Public source · Checked:

Main exclusions

Accident Waiver of Premium excludes total disability caused by self-injury/suicide, intoxication by non-prescribed alcohol/drugs and the other listed causes.Public source · Checked:

Surrender / cancellation

Surrender requires the prescribed written form and a copy of valid identification.Public source · Checked:

Cooling-off

Cancellation notice must reach the insurer within 21 calendar days after delivery of the policy or its availability/cooling-off notice, whichever is earlier; follow the brochure’s written-notice requirements. For basic cover only; rider cancellation follows the attached policy.Public source · Checked:

Riders
not publishedDocuments checkedPublic source · Checked:
Claims steps

Insurer claims guide · Annuity

not publishedDocuments checkedPublic source · Checked:
Policy servicing from abroad
not publishedDocuments checkedPublic source · Checked:
Complaints and dispute routes

1. First contact the insurer through its published complaint channel; retain its written reply.Public source · Checked:

2. Insurance Authority: submit the signed complaint form with supporting documents by email, post or fax. It handles insurer/intermediary conduct; it cannot adjudicate claim disputes or order compensation. Eligible claim disputes can go directly to ICB; an IA referral requires the complainant’s consent.Public source · Checked:

3. Insurance Complaints Bureau: eligible monetary disputes under personal policies with member insurers, up to HK$1,500,000. A policyholder, beneficiary, insured or rightful claimant must file within six months of notification of the insurer’s final decision. Industrial, commercial and third-party insurance and cases undergoing or having completed litigation/arbitration are excluded. Non-claim complaints exclude service quality, underwriting decisions, investment performance and levels of fees, premiums, charges or interest. Similar rejected claims across policies are aggregated; periodic/long-tail claims use a five-year total.Public source · Checked:

ICB accepts written complaints by post, fax or email using its complaint form. Include policy and application documents, claim form, relevant evidence and the insurer’s final written decision; no reception counter service.Public source · Checked:

Annuity timing / QDAP

IA QDAP certification evidence: Certified by the Insurance Authority as a Qualifying Deferred Annuity Policy (QDAP).Public source · Checked:

Known means partial sourced information. Not published refers to checked documents. Unchecked details do not imply no cover or restrictions.

Questions to ask before buying

Questions to ask before buying (8)

Ask the insurer or a licensed Hong Kong broker. These questions do not imply that cover or restrictions exist.

  1. What benefit limits apply?
  2. When and how can premiums change?
  3. Which riders are available, and what are their costs and terms?
  4. What are the claim steps, documents and deadlines?
  5. How can I service the policy from abroad, and what restrictions apply?
  6. Can you provide the key facts statement and policy provisions for this product?
  7. What is the cooling-off period, and how do I cancel during it?
  8. Which benefits and values are guaranteed, and which are not?
How the value of this kind of plan works

How the value of this kind of plan works

Read this before any illustration. It describes these plans in general; the policy contract decides.

Guaranteed part
Guaranteed cash value is specified in the contract. Early values are usually low; non-guaranteed values may change.
Non-guaranteed part
Dividends and bonuses depend on the insurer’s results and can be cut. Fulfillment ratios show past payouts.
Stopping early
Early surrender usually returns less than premiums paid. The break-even year depends on the individual illustration.
Currency
Values are paid in the policy currency. If you spend in another currency, exchange rates can add to or erase the return.
Belongs to

Belongs to

Similar products share a type, currency and premium term band. Clusters describe published features, not suitability or ranking.

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Insurers (13)
Similar products from other insurers

Similar products from other insurers

Comparison groups

Comparison groups

All published facts

All published facts

FieldRecorded information
Product category

QDAP annuity

Source 1
Policy currencies

USD

Source 4
Premium payment terms

5 years

10 years

Source 1
Benefit term

Until the annuity period ends / 10/20-year or lifetime annuity period.

Source 1
Issue ages & basis
Issue ages & basis
Recorded informationPremium payment terms / Age basis
40 years to 70 years10-year accumulation period.
Age basis: Age last birthday
30 years to 60 years20-year accumulation period.
Age basis: Age last birthday
20 years to 50 years30-year accumulation period.
Age basis: Age last birthday
Source 1
Minimum premium & basis

USD 2,500 / Annual / 10-year premium term; 5-year term minimum USD 5,000 annually.

Source 4
Recorded features

Guaranteed and non-guaranteed monthly annuity; accumulation periods of 10, 20 or 30 years and annuity periods of 10/20 years or lifetime.

Source 1
IA QDAP certification evidence

Certified by the Insurance Authority as a Qualifying Deferred Annuity Policy (QDAP).

Source 5
Names in other languages
English
MY Deferred Annuity 3
繁體中文
萬通延期年金3
简体中文
万通延期年金3

Verified names follow insurer labels. Unconfirmed translations use English for navigation.

Sources & verification dates

Sources & verification dates

Checked:

  1. MY Deferred Annuity 3 — official product page (en)

    Source date: Not confirmed

  2. 萬通延期年金3 — official product page (zh-hant)

    Source date: Not confirmed

  3. 万通延期年金3 — official product page (zh-hans)

    Source date: Not confirmed

  4. MY Deferred Annuity 3 — public brochure

    Source date: Not confirmed / Page: 13

  5. MY Deferred Annuity 3 — public brochure

    Source date: Not confirmed / Page: 5