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From the 15^th policy anniversary, you can apply for value conversion option and reduce the notional amount⁸ by way of partially surrender the policy value. The value conversion option can be exercised once per policy year. Partial surrender will lead to a reduction of your notional amount⁸ and your guaranteed cash value and death benefit will be reduced accordingly. FWD Life Insurance Company (Macau) Limited (“FWD”) will also determine any subsequent annual dividend⁴ and special bonus⁵, based on the reduced notional amount⁸ from the date of the partial surrender. The reduced notional amount⁸ has to be greater than the minimum amount prescribed by FWD.

Any amount withdrawn will be taken from the accumulated annual dividends⁴and interest⁶ (if any). If there is not enough value in the accumulated annual dividends⁴ and interest⁶ (if any), the withdrawal will be taken from the guaranteed cash value and special bonus⁵ (if any) as a partial surrender. Partial surrender will lead to a reduction of your notional amount⁸ and your guaranteed cash value, and death benefit will be reduced accordingly. We will also determine any subsequent annual dividend⁴ and special bonus⁵, based on the reduced notional amount⁸ from the date of the partial surrender. The reduced notional amount⁸ has to be greater than the minimum amount prescribed by FWD.

From the 15^th policy anniversary, you can apply for the regular withdrawal services by submitting written application. When the application is approved, the selected withdrawal amount will be directly debited to the assigned account. Any amount withdrawn will be taken from the accumulated annual dividends⁴ and interest⁶ (if any). If there is not enough value in the accumulated annual dividends³ and interest⁶ (if any), the withdrawal will be taken from the guaranteed cash value and special bonus⁵ (if any) as a partial surrender. Partial surrender will lead to a reduction of your notional amount⁸ and your guaranteed cash value and death benefit will be reduced accordingly. FWD will also determine any subsequent annual dividend⁴ and special bonus⁵, based on the reduced notional amount⁸ from the date of the partial surrender. Regular withdrawal service will cease if the notional amount⁸ is below minimum notional amount⁸ after the withdrawal, the policy owner is changed or the policy is assigned, two consecutively unsuccessful payments made to the account provided in the application form, the regular withdrawal service have been cancelled by the policy owner, the policy is terminated or failure to provide living proof of the policy owner and the insured upon request by us.

Annual dividend, which is not guaranteed, will be payable annually from the 3rd policy anniversary. The annual dividend (if any) is based on FWD's current scales which are not guaranteed and are determined at least annually and may be adjusted more frequently than annually based on a series of factors including but not limited to market conditions, investment outlook, expenses, policy persistency, claims experience, and FWD’s investment return. The actual amount payable may change anytime, with the values being higher or lower than those illustrated. Under some circumstances, the non-guaranteed benefits may be zero.

Special bonus, which is not guaranteed, will be payable from the 3rd policy anniversary under the policy upon the death of the Insured if guaranteed cash value plus special bonus (if any) is greater than 105% of single premium paid, partial surrender of the policy, surrender of the policy, maturity of the policy or at the end of the one year reinstatement period if the policy lapses and is not reinstated within the period. The special bonus (if any) is based on FWD’s current scales which are not guaranteed and are determined at least annually and may be adjusted more frequently than annually based on a series of factors including but not limited to market conditions, investment outlook, expenses, policy persistency, claims experience, and FWD’s investment return. The actual amount payable may change anytime, with the values being higher or lower than those illustrated. Under some circumstances, the non-guaranteed benefits may be zero.

Notional amount of the Wealth ICON Insurance Plan is used to calculate the single premium, guaranteed cash value, annual dividend⁴ and special bonus⁵. In case the notional amount of the Wealth ICON Insurance Plan is reduced while this policy is in force, guaranteed cash value and death benefit will be reduced accordingly. FWD will also determine any subsequent annual dividends⁴ (if any) and special bonus⁵ (if any), based on the reduced notional amount. Notional amount of the Wealth ICON Insurance Plan is not death benefit and will not be paid upon the death of the insured. For details of the death benefit, please refer to the policy provisions.