CTF Life has announced a new collaboration with The Hong Kong Mortgage Corporation Limited (HKMC), to provide its customers with an additional wealth management option for retirement.
The life insurer by introducing referrals for the 'Policy Reverse Mortgage Programme' (PRMP) and the 'Reverse Mortgage Programme' (RMP), the partnership combines CTF Life’s retirement product with the HKMC’s reverse mortgage solutions to deliver more comprehensive retirement planning support that meets customers’ financial needs at every stage of life.
As Hong Kong’s population ages rapidly, the need for stronger retirement protection is growing. According to the latest projection from the census and statistics department, the proportion of people aged 65 or above in Hong Kong is expected to rise significantly from 20.6% in 2021 to 36% in 2046, a clear sign of the city’s ageing trend.
As citizens live longer and spend more years in retirement, their living expenses are set to rise, driving demand for stable, sustainable income and thoughtful financial planning. In support of the Government’s initiatives to encourage early retirement planning and promote the silver economy, CTF Life has partnered with the HKMC to promote the PRMP and the RMP. These two programmes aim to provide customers with a stable income to enhance the quality of retirement life, supporting them with diverse and reliable retirement solutions.