HONG KONG SAR – Media OutReach Newswire – 3 July 2025 – Sun Life today announced the launch of an upgraded suite of savings insurance products. The upgraded products – SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II – are among Sun Life’s most popular offerings. Key enhancements include the introduction of a market-leading1 mix of multiple Death Benefit Settlement Options, multiple Contingent Policy Owner2 and Interim Policy Owner Arrangement2. These upgrades are designed to help Clients capture wealth growth while seamlessly planning their wealth legacy.
Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong Limited, said: “At Sun Life, we’re committed to putting our Clients at the centre of everything we do. We understand their evolving needs in wealth accumulation and legacy planning for both the present and the future. The innovative and flexible design of the SunJoy Global and SunGift Global series, along with the Stellar Multi-Currency Insurance Plan, plays a pivotal role in helping Clients shape their wealth legacy and meet increasingly diverse needs. These three upgraded savings insurance plans are equipped with brand-new wealth legacy features, empowering Clients to achieve their financial goals while offering unparalleled flexibility in passing on their wealth to future generations. Moving forward, we will continue to drive product innovation, offering pioneering protection and wealth planning solutions to help the public achieve lifetime financial security.”
The three upgraded savings plans are participating insurance plans. The two major enhancements include:
Market-leading flexible Death Benefit Settlement Option
–> Policy owners can mix and match multiple death benefit payout patterns with a Flexible Option, moving beyond package-based death benefit payment options.
–> Policy owners can design their own payout patterns for each beneficiary or choose a designated lump-sum payout upon designated life events of the beneficiary – such as graduating from university, getting married or having a child.
–> If the Designated Insured passes away, the Continuation Option3,4 allows the Original Policy to immediately terminate and a New Policy to be formed, with a beneficiary becoming both the New Insured and the new policy owner5 (if applicable).
Market-rare multiple Contingent Policy Owner Arrangement and Interim Policy Owner Arrangement
–> Policy owners can designate up to three Contingent Policy Owners and designate up to three Interim Policy Owners for one of the Contingent Policy Owners6 in sequence, ensuring the policy’s value and wealth is seamlessly passing on to future generations.
–> Interim Policy Owners will hold the policy on behalf of the Contingent Policy Owner until he/she attains the designated age or until the specified date is reached. They will have Restricted Administrative Rights to manage the policy, ensuring the wealth is transferred according to the policy owner’s plan.
The product upgrades enable Clients to tailor their wealth management and legacy plans according to their needs. The plans offer a variety of protections targeting different life stages, helping Clients cope with unexpected challenges, including:
