Staff reporter
Prudential Hong Kong yesterday announced a new collaboration with the Hong Kong Mortgage Corporation, whereby Prudential will become the city’s first licensed insurer to refer clients to three of HKMC’s retirement solutions.
The HKMC Retire 3 includes the Policy Reverse Mortgage Program, the Reverse Mortgage Program and the HKMC Annuity Plan.
Prudential’s licensed financial consultants can refer HKMC Retire 3 to clients during their financial planning conversations, helping them move forward with retirement plans, the company said in a statement.
Prudential’s recent survey found that over 90% of Hong Kong residents underestimate their life expectancy by more than 10 years, so it’s important not to underestimate the need for effective retirement solutions. , said Lawrence Lam Chi-kong, managing director of Prudential Hong Kong. .
“‘HKMC Retire 3 can help retirees convert their assets into regular monthly payments, creating lifetime income streams,” said Raymond Li Ling-cheung, Executive Director and General Manager of HKMC.