Introduction to the HKMC Annuity Plan
HKMC Annuity Plan, the first public annuity scheme of Hong Kong, was launched in July 2018 to offer Hong Kong Permanent Residents aged 65 years or above with another money management option. This life annuity scheme offers monthly lifelong streams of income to the annuitant. With longer life expectancies, retirement funds may not be enough to support the elderly well into the twilight years. Having a guaranteed and steady income may offer some peace of mind.
HKMC Annuity Plan is underwritten by HKMC Annuity Limited, which is a wholly-owned subsidiary of the Hong Kong Mortgage Corporation Limited.
24 July 2018