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A survey has found that 55% of the respondents wish to have stable income after retirement, while 41% said Qualifying Deferred Annuity Policy is ideal for the first step in retirement planning.1
1“Retirement Planning and Confidence Survey”, December 2020, Chow Tai Fook Life Insurance Company Limited
One of the major sources of stress for retirees is the medical costs incurred by illnesses or accidents. A survey found that 53% of Hong Kong people are worried about the soaring medical costs after retiring. Sickness and accident insurance policies are an important risk transfer mechanism.
Over half of the young respondents don’t have sufficient knowledge of investment products, while 70% don’t save regularly. Don’t miss the early mover advantage in enjoying the benefit of compound interest. Start early!
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