Wealth MasterUniversal Life Plan

Smart Mastering your Wealth

Enriching Life withEndless Hope

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Key Features:

Reveal the true value with careful and diligent polishingRather than to adapt to herd behavior, why not plan ahead for a better and stable future? Fubon Life has tailor-made a plan, the “Wealth Master Universal Life Plan” (the “Plan”) featuring with life protection and wealth growth elements. You can utilize your wealth at any time to meet your need.

Multiple Guarantees on Interest Rate

Flexible Payment Term & Easy to Withdraw

Protect Your Loved Ones with Life Protection

High Return Potential

Guaranteed Policy Charges with High Transparency

Hassle-free Application

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Many a little makes a mickle. The Plan offers a non-guaranteed Crediting Interest Rate1 at 3.33% p.a. which will be credited to your Account Value every month for your accumulation, and prepares you to meet any need ahead.

High Return Potential

Enjoy the hassle-free application process without medical examination9. Save time to plan for your future.

Hassle-free Application

The Plan offers Death Benefit that helps protect your loved ones to face the challenge with bravery.

Protect your Loved Ones with Life Protection

We promise that the fees and charges will stay unchanged. All the Policy Charges, including Premium Charge and Policy Administration Fee, and Surrender Charge will be the same throughout the whole Policy Term. Thus, you can maximize your return with higher confidence.

Guaranteed Policy Charges with High Transparency

Wealth Master Universal Life Plan offers you multiple guarantees on interest rate to boost your confidence.

The st guarantee, during the 1st and 2nd Policy Years, the Plan offers special guaranteed interest rate of not lower than 3.8% p.a., including guaranteed Crediting Interest Rate1 of not lower than 3.33% p.a. and the Bonus Interest3 at 0.47% p.a..

The nd guarantee, on the 5th Policy Anniversary, your Account Value will be reviewed, and will not be lower than the sum calculated based on the Crediting Interest Rate2 of 2% p.a. for the first 5 Policy Years.

The rd guarantee, on the 10th Policy Anniversary, your Account Value will again be reviewed, and will not be lower than the sum calculated based on the Crediting Interest Rate2 of 2.8% p.a. for the first 10 Policy Years.

Multiple Guarantees on Interest Rate

With the flexible payment term, you can choose based on your need. The Plan offers 2 payment modes, and you can choose to pay annually for 2 years or prepay the Premium for 2nd Policy Year at Policy inception4,5,6 in order to enjoy extra 4.5% discount on the Prepaid Premium.

A flexible Plan can ease your worry when you are in need. Except for the 1st Policy Year, during the 2nd – 8th Policy Years, you can enjoy a respective percentage of Free Withdrawal7,8 of your last anniversary's Account Value every year. From the 9th Policy Year and onwards, no charge will be applied for any Withdrawal7.

Flexible Payment Term & Easy to Withdraw

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Wealth Master Universal Life PlanIssue Age 15 Days to Age 75 (Age Last Birthday)Policy Currency USDPremium Payment Term 2 YearsPremium Mode Annual or Annual with Prepayment4,5,6

Policy Term Until 110 years oldMinimum Nominated Amount US$40,000

Death Benefit

Should the Insured Person pass away, the Beneficiary will get the Death Benefit as : (i) the higher of the following:

(a) 101% of the Account Value as at the death of the Insured Person; or (b) 101% of the difference between (i) the paid Premium as at the death of the Insured Person, and (ii)

any previous Withdrawal plus any previous Surrender Charge upon Withdrawal as at the death of the Insured Person;

less the aggregate of (ii) Indebtedness as at the death of the Insured Person (if any); and (iii) Any outstanding and unpaid balance of Policy Charges (i.e. Policy Administration Fee and Premium

Charge) up to and including the death of the Insured Person (if any). In case there is any Premium Prepayment Balance at the death of the Insured Person, the balance will also be paid.

Crediting Interest RateCrediting Interest Rate1 (Non-guaranteed)

3.33% p.a.1

The Crediting Interest will be credited monthly into the Account Value.

Guaranteed Crediting Interest Rate2

Crediting Interest Rate1 will be guaranteed to be not lower than 3.33% p.a.1 for the first 2 Policy Years. The Account Value at the 5th Policy Anniversary will not be lower than the sum calculated based on the Crediting Interest Rate2 of 2% p.a. for the first 5 Policy Years.

The Account Value at the 10th Policy Anniversary will not be lower than the sum calculated based on the Crediting Interest Rate2 of 2.8% p.a. for the first 10 Policy Years.

The Crediting Interest will be credited monthly into the Account Value.

Bonus Interest3 0.47% p.a.3 of Account Value will be credited monthly on top of the Crediting Interest Rate into the Account Value for the first 2 Policy Years.

Withdrawal

Withdrawal7

•�During the 2nd – 8th Policy Years, the yearly maximum Free Withdrawal8 is the respective percentage of the Account Value as of the last Policy Anniversary (Please see below) :

•�Surrender Charge shall apply and be deducted from the Account Value at the applicable Surrender Charge

Rate (as below Fees and Charges) of the Withdrawal amount in excess of any unused Free Withdrawal8.•�The Account Value should not be lower than US$5,000 (subject to change from time to time) after

Withdrawal.•�Withdrawal7 is not allowed in the 1st Policy Year.

Fees and Charges

Premium ChargeAnnual: 6.5% of annual Premium Annual with Prepayment: 13% of the annual Premium (equivalent to 6.64% of the sum of the 1st year Premium plus the Prepaid Premium)

Policy Administration Fee US$6 per month

Surrender Charge (Full / Partial)

In case of Withdrawal7 , the Surrender Charge shall be deducted from the Account Value as a percentage (in the below table) of the amount of Withdrawal in excess of any unused Free Withdrawal8. In case of Policy surrender, the Surrender Charge shall apply as a percentage (in the below table) of the Account Value in excess of the unused Free Withdrawal8:

Policy Loan10 Available from the 2nd Policy Year onwards with interest applied10

Policy YearWithdrawal Surrender

Surrender Charge Rate (as percentage of Withdrawal in excess of any unused

Free Withdrawal)

Surrender Charge Rate (as percentage of Account Value in excess of any

unused Free Withdrawal)Year 1 N/A 7.5% Year 2 6.5% 6.5% Year 3 5.5% 5.5% Year 4 4.5% 4.5% Year 5 3.5% 3.5% Year 6 3% 3% Year 7 2% 2% Year 8 1% 1%

Year 9 and onwards 0% 0%

Withdrawal Year Free Withdrawal Rate Policy Year 2 - 5 10% Policy Year 6 - 8 15%

Plan Summary

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With a Smart Plan Mastering Your Wealth is not just a dream

Remarks:1 Other than those guarantees provided in the first two Policy Years, the Crediting Interest Rate afterwards is not guaranteed and shall be

determined by Fubon Life Insurance (Hong Kong) Company Limited (“Fubon Life”) from time to time at its discretion. It should not be interpreted as an indicator of future performance and will be subject to change by giving not less than 30 days’ notice prior to the change. New rate will apply to the Policy on the 1st day of the Policy Month immediately upon or after the effective date of the new rate. The current rate is 3.33% p.a. (equivalent to 0.2734% per month), and the rate may go up (above the current rate) or down (but not below 0% p.a.). The Crediting Interest will be calculated on a monthly compound basis and credited to the Account Value on the expiry of each Policy Month.

2 Should your Policy be terminated before the 5th or 10th Policy Anniversary, the relevant guaranteed Crediting Interest Rate applicable at the 5th or 10th Policy Anniversary shall not apply. For avoidance of doubt, such guarantees shall not apply after the 10th Policy Anniversary. The relevant Crediting Interest Rate offered under the Policy does not reflect Premium Charges, Policy Administration Fee, Withdrawal (if any), and Surrender Charge (if any) and addition of Bonus Interest.

3 Bonus Interest Rate at 0.47% p.a. (equivalent to 0.0391% per month) is guaranteed, which will be credited to Account Value on a monthly basis during the 1st and 2nd Policy Years.

4 The respective Premium for the related Policy Year(s) shall be deducted from the Premium Prepayment Balance annually on each and every Premium Due Date.

5 Should you surrender the Policy during the 1st Policy Year, a 7.5% Surrender Charge on Premium Prepayment Balance (if any) will be charged by Fubon Life.

6 Premium Prepayment Balance cannot be refunded or withdrawn except in the event of Death Benefit payment or Policy surrender.7 Withdrawal is allowed starting from the 2nd Policy Year provided that the Policy is paid up. Surrender Charge may apply when the Policyowner

withdraws part of the Account Value which exceeds the unused Free Withdrawal limit during the 2nd to 8th Policy Years. The Withdrawals are subject to requirements with regard to maximum number of Withdrawal requests, minimum Withdrawal amount, and the minimum Account Value (currently at US$5,000) as imposed by Fubon Life and are subject to change from time to time.

8 Any unused balance of Free Withdrawal for a particular Policy Year can be used in subsequent Withdrawals in the same Policy Year, and not applicable to the next Policy Year.

9 Fubon Life has set a limit as to the total annualized premium of insurance policies in respect of the same type of insurance products (as determined and revised by Fubon Life from time to time). No medical examination is required if the purchase of this Policy does not exceed such limit.

10 Fubon Life determines the interest rate on Policy Loan and reserves the right to change such rate from time to time. No Policy Loan shall be granted if the loan shall cause the total Indebtedness under the Policy exceeding 80% of the Surrender Value. For more details, please refer to the Policy Provisions.

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Important Notes

Cooling-off PeriodIf you are not completely satisfied with the Policy, you may return the Policy with your signed written request to Fubon Life for its cancellation. The Policy will be cancelled and the premium paid will be refunded, provided that the cancellation request must be received directly by Fubon Life within 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier. The Cooling-off Notice is the notice sent to you or your nominated representative (separate from the Policy) notifying you of your right to cancel within the stated 21 calendar day period. The business address of Fubon Life Customer Services Department is Suites 1206 – 1209, 12/F, Dorset House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong. No premium or prepaid premium (if any) shall be refunded if claim payment is made under this Policy. After the expiration of the cooling-off period, if you cancel the Policy before maturity, the projected total cash value may be less than the amount of the total premiums you have paid.

Account ValueThe Crediting Interest Rate, Premium Charge, Policy Administration Fee, Surrender Charge, Withdrawal, Policy Loan and the loan interest could impact the Account Value of your Policy. Should the Account Value of your Policy be not sufficient to cover the charges and fees, your Policy will then lapse and you will lose all the insurance protection.Fubon Life will not accept the Withdrawal request should the Account Value reach below the minimum requirement of US$5,000 (subject to change from time to time) after such Withdrawal.

Levy on Insurance PremiumEffective from 1 January 2018, all Policyowners are required to pay a levy on each premium payment made for both new and in-force Policies to the Insurance Authority (“IA”). For levy details, please visit Fubon Life’s website at www.fubonlife.com.hk/products_philosophy_en.html or IA’s website at www.ia.org.hk.

Crediting Interest Rate PhilosophyThis is a universal life Policy. Your Policy can share the investment return of the group of business determined by Fubon Life in the form of Crediting Interest Rate.

Fubon Life aims to ensure fair treatment between Policyowners and shareholders and also between different groups of Policyowners. The interest credited to the Policyowners, and the investment return earned by the shareholders, will both increase / decrease together with the increase / decrease in investment return of the group of business.

The Crediting Interest Rate will be reviewed at least once a year, based on actual experience and investment outlook. Fubon Life will smooth out the volatility of the actual investment return to ensure a stable Crediting Interest Rate. If there is any change to Crediting Interest Rate, you will be informed in writing or by the Policy annual statement with explicit reasons for the change.

To determine the Crediting Interest Rate, Fubon Life will consider the actual experience and the outlook of the following factors:• Interest rate risk factors: The interest earning of the asset portfolio and its capital gain / loss due to fluctuation of market interest rate• Market risk factors: The market value changes of the asset portfolio, reflecting different market factors such as equity price, credit

spread, default and exchange rate.• Persistency factors: These include full surrender and partial surrender and the corresponding impact on investments, etc.

Investment Policy, Investment Objectives and Investment StrategyThe Investment Policy aims to actively monitor and manage investment risk and Policy liability and to identify asset with suitable characteristics, tenor and liquidity to meet the cash flow need of the insurance business.The Investment Objectives are to support the guaranteed benefit of the Policies and to meet the non-guaranteed benefit as illustrated to the Policyowners. The Investment Strategy is to diversify investment risks, to improve capital utilization efficiency, to enhance overall investment returns, and to safeguard the long-term interests of shareholders and Policyowners. Should there be any significant changes in the Investment Strategy, Fubon Life would inform Policyowners on the changes, with underlying reasons and impact to the Policies.The long term target asset mix of this product is:

Asset Type Target Asset Mix (%)Bonds and other fixed income assets 70 - 95%

Non-fixed income assets 5 - 30%

To diversify the risk, Fubon Life may invest in securities of different regions, industries, credit ratings, and liquidities. This includes government bonds, corporate bonds and other fixed income assets in US, European, emerging markets, and so on. Fubon Life may also invest in non-fixed income assets including equities, private fund, public fund, mutual fund, index fund, etc. Depending on economy outlook, investment environment, as well as changes in the credit risk, Fubon Life will regularly review and adjust the asset allocation.

For the details of “Crediting Interest Rate Philosophy”, “Measure to Manage Potential Conflict” and the “Historical Crediting Interest Rates”, please refer to Fubon Life’s company website at www.fubonlife.com.hk/products_philosophy_en.html.

The historical Crediting Interest Rate is not an indicator of future performance of the universal life product. The declared rates are before deduction of any relevant Policy Charges, including but not limited to the Premium Charge and Policy Administration Fee, and allowance of Bonus Interest.

Warning StatementWealth Master Universal Life Plan is a life insurance plan, with guaranteed and non-guaranteed Crediting Interest Rate. Part of the premiums pays for the insurance and related costs. The Policy is underwritten by Fubon Life Insurance (Hong Kong) Company Limited and is subject to Fubon Life’s credit risk. In the worst scenario, you may lose all premiums paid and benefits provided under the Policy. The savings part of the Plan is also subject to risk and loss. You must be aware of the long-term nature of life insurance plan. If you surrender your Policy before maturity, the amount you get back may be less than the amount of total premiums you have paid and thus resulting in a pecuniary loss. The insurance plan includes guaranteed and non-guaranteed parts. The non-guaranteed part is projected figures and for illustrative purposes only and is not guaranteed. The actual benefits and/or returns may be lower or higher than the projected figures.

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Key Product Risks

Nature of the Product and Liquidity RiskThe Plan is of long-term nature. You are advised to carefully consider your financial capability, cash flow and liquidity needs before making any purchase decision. The Plan may not be suitable for you and you should not purchase the Plan if you are in need of short-term liquidity.

Policy Currency RiskPolicy currency is denominated in the currency as set out in the Policy Schedule. Should the premiums and benefits requested to be paid in the currency other than the Policy currency, approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt an exchange rate as determined by Fubon Life’s absolute discretion. Please refer to “Foreign Exchange Risk” section below for more details.

Risk on Delaying or Missing Premium PaymentThe premium will be paid to Fubon Life and part of the premiums will become part of the assets of Fubon Life while part of it will be paid for the insurance and related costs. The Policyowner does not have any direct rights nor ownership over any of these assets. The Policyowner’s rights are subject to terms and conditions of the Policy Provisions and his/her recourse is against Fubon Life only.You should pay the initial premium on or before the Policy date and subsequent premium(s) on time according to the selected premium mode. Besides, if you fail to make subsequent premium payment before the expiry of the Grace Period (within 31 days after the premium due date), the Policy will be terminated on the premium due date that triggers the Grace Period and you will lose the coverage afterward. The Surrender Benefit will be refunded to you. You may refer to the related Benefit Illustration document for details.

Surrender RiskThe Plan has a savings component and is subject to risks and possible loss. Should you surrender the Policy before maturity, you may receive an amount considerably less than the amount of total premiums paid.

Termination ConditionUnless otherwise specified, all benefits provided under the Policy shall terminate on the earliest of the following events:• Death of the Insured Person; • At Policy maturity;• Account Value is not sufficient to cover the Policy Charges (i.e. Premium Charge and Policy Administration Fee);• Policy Loan and/or Indebtedness exceeds Surrender Value;• Surrender or cancellation of the Policy; or• If Fubon Life is unable to collect any subsequent premiums which are due by the expiry of Grace Period.

Suicide If the Insured Person commits suicide whilst sane or insane within the first 13 months from the Issue Date, Fubon Life shall only refund to the Policyowner or the estate of the Policyowner the amount of the premiums paid and the prepaid premiums (applicable to the Policies of Annual with Prepayment mode) without interest less any Indebtedness and benefits paid under this Policy.

Policy LoanThe Plan offers Policy Loan. The loan shall bear interest computed at such rate as may be adopted by Fubon Life from time to time. No Policy Loan shall be granted if the loan shall cause the total Indebtedness under the Policy exceeding 80% of the Surrender Value. Please refer to the Policy Provisions for details.

Non-guaranteed BenefitThe Crediting Interest Rate is non-guaranteed. It is subject to Fubon Life’s determination and revision from time to time.

Foreign Exchange RiskAny transactions involving foreign currencies are subject to risks, the ever changing political and economic conditions may substantially affect the premium amount paid in Hong Kong dollars due to the currency exchange rate or liquidity of currencies. The premiums received by Fubon Life in a currency different from your Policy currency will be converted to the Policy currency at the prevailing exchange rate determined by Fubon Life from time to time with reference to market rates. All monies payable to Fubon Life or by Fubon Life will be paid in Policy currency, or in the currency other than the Policy currency upon your request. Approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt the prevailing exchange rate as determined by Fubon Life’s absolute discretion. Therefore, it may be subject to foreign exchange risks in the process of currency conversion.

Inflation RiskThe benefits provided under your Policy may not be sufficient to meet your future needs as the future costs of living may be higher than that of today due to inflation.

Credit RiskFubon Life is the underwriter of the Plan. The Policy is subject to Fubon Life’s credit risk. If Fubon Life is unable to satisfy the financial obligations of the Policy, in the worst scenario, you may lose substantial part of, and even all, premiums paid and benefits provided under the Policy.

Other Information

• Fubon Life is solely responsible for all content, approvals, coverage and benefit payment of the Plan.• Fubon Life reserves the right to accept or reject any insurance application.• This brochure is published by Fubon Life which is fully responsible for all the information stated in the brochure.• The information in this brochure is intended for reference only. All the Policy terms and conditions are set out in the Policy Provisions of

the Plan. For more information of the Policy terms and conditions, please contact Fubon Life.• This brochure is distributed in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any

insurance of Fubon Life outside Hong Kong.• Fubon Life is the private company limited by shares incorporated and registered in Hong Kong and the registered office is situated at

Suites 301 - 303, 3/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.

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Fubon Life Insurance (Hong Kong) Company Limited

Suites 301 - 303, 3/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong

Tel: (852) 2516 0133 Fax: (852) 2516 0199 www.fubonlife.com.hk

Credit Ratings of Fubon Life Insurance Company Limited

Footprint of Fubon Financial Holdings

Rating Company Ratings Outlook

Standard & Poor’s^ A- Stable

Moody’s # A3 Stable

Taiwan Ratings^ twAA+ Stable

^ As of 29 April 2020 # As of 20 April 2020

* Calculation based on the exchange rate of TWD1 = USD0.0332

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About Fubon Life Hong KongFubon Life Insurance Company Limited is a wholly owned subsidiary of the Fubon Financial Holdings. As a leading insurer in Taiwan, Fubon Life Insurance Company Limited offers full range of life protection, savings, annuity, accident and health insurance for customers. As of December 2019, total assets of Fubon Life Insurance Company Limited has reached USD161.3 billion (equivalent to TWD4.8573 trillion*).

Fubon Life Insurance (Hong Kong) Company Limited, a wholly owned subsidiary of Fubon Life Insurance Company Limited, was authorized as a long term insurer in Hong Kong in 2016. Through our strategic partnership with banks and independent financial advisors, we are committed to helping customers in savings, protection and financial planning.

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