YF Life - Retirement Product
The Consumer Scores are based on 2,500 independent and unbiased affluent insurance customers of Hong Kong and Mainland Visiting Customers from the BENCHMARK 2020 Insurance Survey that includes 450+ metrics over four pillars of satisfaction. The Overall score is an aggregated score of the four pillars.
Overall Score out of 100%
Measures the satisfaction level of advisory, pre, and post-sale care, suitability, advocacy, and retention. A higher percentage means more satisfaction.
Cost of Product
Measures whether the product is reasonably priced, the cost of product and fees, and the value-for-money perception. Newer products tend to have higher scores.
Satisfaction on R.O.I.
Policyholders' satisfaction considering what each dollar can buy, including claims frequencies and coverages, rewards on no claims, leverage ratios, and bonuses.
Customers' experiences in the product's ongoing renewal, new features, flexibility in terms, yields, and value-creation to their overall financial planning goals.
This product has been reviewed by five industry veterans | December 2020
YF Life - MY Lifetime Annuity
YF Life's retirement product series is one of Benchmark's favorite choices. It is still the only product on the market that doesn't limit its annuity life. This year, the company has stepped up its product feature and internal rate of return. The shortened waiting period for Cancer to one year, regardless of the cancer being a recurrence, metastasis, existing or new cancer, is an attractive feature. Customers also have absolute discretion to choose how the benefits are used, cover pre or post-hospitalization, daycare, home nursing or psychiatric treatment, etc. The product also has the most competitive maximum benefit and good value for money to policyholders – once diagnosed, the customer gets a monthly income for up to 15 years. The projected IRR is up to 6.26%, with a guaranteed return of cash value and terminal bonus offered upon surrender without any deduction of claims paid with the Health and wealth builder.