Full Breakdown
Chubb Life Hong Kong Launches Multi-Currency Legacy Insurance Plan
By Drooid · · How we work
Launch Overview
Chubb Life Hong Kong announced on September 28, 2026 that it is adding a new product to its flagship MyLegacy series: the Chubb MyLegacy Multi-Currency Insurance Plan. The plan is positioned as a flexible legacy-planning solution for families in the Hong Kong Special Administrative Region, offering both currency-conversion capability and customized payout triggers.
Core Features
- Life-Event Settlement – Policyholders can preset financial payouts that are automatically released when specific milestones occur, such as a university graduation, marriage, or home purchase.
- Currency Conversion – Starting on the third policy anniversary, customers may apply to convert the policy into any other currency offered by Chubb, subject to beneficiary consent and approval.
- Withdrawal Options – The plan permits one-time cash withdrawals, regular cash withdrawals, or conversion to an annuity, while preserving the underlying fund for long-term growth.
- Multi-Generational Succession – Up to five interim owners, successor owners, and successor insureds can each be named, facilitating seamless transfer across generations.
- Regulatory Benchmarking – The product’s design was compared with other participating savings-insurance plans listed in the Register of Authorized Insurers by the Hong Kong Insurance Authority as of August 28, 2026.
Official Position
Chubb Life Hong Kong described the offering as a response to “shifting global market dynamics” that have raised demand among high-net-worth families for more than simple currency conversion.
Market Context and Anticipated Impact
The plan targets affluent Hong Kong households seeking bespoke legacy solutions that avoid the complexity and thresholds of traditional trusts. By allowing customized milestone payouts and cross-currency management, the product aims to help families preserve capital, manage wealth across jurisdictions, and align estate distribution with personal timelines.
Next Steps for Consumers
Potential policyholders are directed to Chubb’s dedicated web page for the MyLegacy Multi-Currency Insurance Plan for detailed terms, application procedures, and eligibility criteria.