American International Assurance Company (Bermuda) Limited

Superb ContinULife Plus is a universal life insurance policy denominated in US dollars that offers:
	Lifetime protection
	Flexible premium payments¹
	Opportunity to increase or decrease coverage²
	A “No Lapse Privilege” feature that guarantees continuous death coverage as long as premium requirements are met
	Choice from two death benefit options
	Guaranteed minimum Interest Crediting Rate³
	Access to Surrender Value through Partial Withdrawals and loans⁴
	After the 10th Policy Year, Partial Withdrawals up to 4.5% of the Account Value may be free of Surrender Charge
With all these features, Superb ContinULife Plus is an excellent financial planning tool. It can be used to manage your estate planning and wealth transfer⁵.

Lifetime Protection
As Superb ContinULife Plus has no maturity date, you can choose to keep your Policy in force for as long as you live. What's more, once you reach age 100, your Policy will be free of policy charges⁶.

Insured with Flexibility

Flexibility in Premium Payment
Superb ContinULife Plus gives you extra flexibility in premium contribution. You can decide the amount and frequency of additional premiums after paying the first premium, as long as each additional premium⁷ is not less than USD5,000 and the total premium paid less any Partial Withdrawals⁸ is not less than the Minimum Premium Amount⁹ for each of the first five Policy Years¹⁰.

Flexibility in the Amount of Cover
The minimum face amount required for Superb ContinULife Plus is USD750,000. Superb ContinULife Plus gives you the opportunity to change your face amount after the 2nd Policy Year¹¹ provided that the face amount is not less than USD750,000.

Flexibility to Access your Investment
We understand the importance of liquidity. If your Policy meets certain requirements, you can access the Surrender Value through Partial Withdrawals¹² or loans after the first Policy Year.

Under a Policy with Death Benefit Option 1, Partial Withdrawals will reduce the Account Value. Any Surrender Charge incurred will be deducted from the Account Value. Any Partial Withdrawals during the 2nd to the 10th Policy Years will result in a reduction in the face amount¹³ by the amount of the Partial Withdrawal(s).Surrender Charge will then be incurred. After the 10th Policy Year, Superb ContinULife Plus allows you to withdraw up to 4.5% of the Account Value as of the most recent Policy Anniversary preceding that Policy Year (the “relevant amount”) in any one Policy Year without affecting the face amount and thus free of Surrender Charge. If the aggregate amount of the Partial Withdrawals in a Policy Year exceeds the relevant amount, the face amount will be reduced by the amount in excess and the excess will then be subject to Surrender Charge.

For Death Benefit Option 2, Partial Withdrawal will only reduce the Account Value but not the face amount. Therefore, no Surrender Charge will be incurred.

Flexibility in Settlement
Instead of receiving a lump sum, you can decide how the Surrender Value or death benefit is to be paid. The following settlement options¹⁴ are currently available:

Regular payments of a fixed amount

Regular payments over a fixed period

Life income

Interest Crediting Rate
The Account Value (after deduction of charges) earns interest at Company-declared interest rates for as long as the Policy is in force. The Interest Crediting Rate varies from month to month but is guaranteed to be at least 3% per annum.

No Lapse Privilege
Superb ContinULife Plus includes an exciting No Lapse Privilege feature. Provided you have paid sufficient premiums¹⁵ to qualify for this privilege, cover for death benefit is guaranteed for a specified period even if the Surrender Value falls to zero (or below). If your Policy is likely to stop qualifying for the No Lapse Privilege from the following month, we will write to you to let you know how much premium you need to pay to keep this privilege¹⁶.

Superb ContinULife Plus offers a choice of two No Lapse Privilege options¹⁷:

10-Year No Lapse Privilege - where the No Lapse Privilege is available during the first 10 Policy Years

Age 100 No Lapse Privilege - where the No Lapse Privilege is available up to the Policy Anniversary after your 100th birthday, if you choose this option at Policy inception

The Interest Crediting Rates for the two No Lapse Privilege policies generally differ. The 10-Year No Lapse Privilege currently enjoys an Interest Crediting Rate that is higher than that for the Age 100 No Lapse Privilege by 0.55% per annum.

Death Benefit
Superb ContinULife Plus provides lifetime protection. You may choose from the following two death benefit options for death cover up to the Policy Anniversary age 100:

Option 1:	Provides a death benefit equal to the higher of: 　(i)　 the Current Face Amount; and 　(ii)　the Account Value 　less any Policy Debt.
Option 2:	Provides a death benefit equal to the Current Face Amount 　plus the Account Value less any Policy Debt.

If you take any loans, this will reduce the death benefit proceeds under your Policy.

After you reach age 100¹⁸, the death benefit amount will be equal to the Surrender Value.

Superb ContinULife Plus (Honeymoon Option)
With an initial premium of not less than USD500,000, you may opt for the Superb ContinULife Plus with Honeymoon Option. The Honeymoon Option allows you to plan your finances better. In order to enjoy this unique feature, you must select the Honeymoon Option¹⁹ when you apply for Superb ContinULife Plus.

Under the plan with the Honeymoon Option, we will waive a portion of the Surrender Charges that apply on the lapse or surrender of your policy in the first 10 years.

The Interest Crediting Rate for Superb ContinULife Plus with the Honeymoon Option selected will be less than that declared for the plan without Honeymoon Option by 0.1% per annum throughout all Policy Years. However, the Guaranteed Crediting Rate of 3% per annum will apply regardless of whether Honeymoon Option is selected.

Notes:

The Policy may terminate if the Surrender Value falls to zero (or below). This can happen due to insufficient premium payments, if loans or Partial Withdrawals are made, or if interest rates or charges fluctuate. The Surrender Value is calculated every month at the time Policy charges are deducted from your Policy.

Provided that your Policy has been in force for 2 years, subject to a minimum face amount of USD750,000. Increases are subject to our underwriting decision.

The Account Value accrues interest at a crediting rate declared by us from time to time. The declared crediting rate is not guaranteed and may vary while your Policy is in force but will never be less than the Guaranteed Crediting Rate.

Partial Withdrawals and loans reduce the Account Value of your Policy and may also increase the chance that your Policy lapses.

Tax rules vary from country to country. You are recommended to consult your tax advisor for advice regarding your particular situation.

Starting from the Policy Anniversary immediately after your 100th birthday.

We may refund, reject or limit the amount of additional premiums at our Company’s sole discretion.

Including any amount(s) requested to be withdrawn in any outstanding Partial Withdrawal request(s).

The Minimum Premium Amount is based on the face amount at policy inception and your risk profile. It increases year on year. You can refer to the illustration document provided by our AIA Representative, your broker or your financial adviser.

This is the Minimum Premium Requirement which must be met at each Policy Anniversary in the first five Policy Years. Where the No Lapse Privilege ceases to apply and the Minimum Premium Requirement is not met, we will notify you, by means of sending a notice to your last known address, of the premium amount that needs to be paid to make up the shortfall. Your Policy will lapse without value if the required premium amount is not paid within 31 days from the relevant Policy Anniversary.

We have sole discretion to accept or reject a request to increase or decrease the face amount. The amount of each increase must not be less than USD100,000.

The Minimum Partial Withdrawal amount is USD1,000. We reserve the right to limit the number, timing and/or amount of Partial Withdrawals. The face amount after the Partial Withdrawal should be no less than USD750,000.

The Minimum Premium Requirement has to be fulfilled at the time you request for a Partial Withdrawal at any time during the first five Policy Years; otherwise, the request will be rejected.

Further details of the settlement options currently available will be provided on request.

To qualify for the No Lapse Privilege, the total premiums paid (reduced by any Partial Withdrawals) accumulated at the No Lapse Interest Rate must not be less than the Basic Monthly No Lapse Premium accumulated at the No Lapse Interest Rate plus any Policy Debt. The No Lapse Interest Rate is 6.5% pa for each of the first 25 Policy years from the issue date and 0% thereafter. The No Lapse Interest Rate is used solely for calculating whether the No Lapse Privilege requirements are satisfied and for no other purposes under the Policy. The Basic Monthly No Lapse Premium varies depending on your risk profile and will change due to increase or decrease in face amount.

Once you have allowed the No Lapse Privilege to cease, your Policy will no longer be entitled to this privilege even if additional premiums are subsequently made.

A Superb ContinULife Plus Policy is issued with either the 10-Year No Lapse Privilege option or the Age 100 No Lapse Privilege option. Once your Policy has been issued, you cannot change your selected option.

Starting from the Policy Anniversary immediately after your 100th birthday.

Once you have chosen the Honeymoon Option, you will not be able to revoke such choice.

This information in this website is for reference only. Details are subject to the terms and conditions of the policy contract. In the event of any inconsistency between the English and Chinese webpages, the English version shall prevail.