CTF Life has forged a strategic partnership with The Hong Kong Mortgage Corporation Limited, aiming to enhance financial options for retirees by offering access to reverse mortgage solutions that transform property or life insurance assets into steady income.
Under this collaboration, CTF Life will refer customers to two HKMC programmes: the Policy Reverse Mortgage Programme (PRMP) and the Reverse Mortgage Programme (RMP). These programmes complement CTF Life’s retirement-focused insurance products, allowing clients to convert their assets into monthly payouts and create well-rounded retirement income streams.
Man Kit Ip, Executive Director and CEO of CTF Life, said:
“With Hong Kong’s population ageing rapidly, there is growing demand for comprehensive retirement planning solutions. Our partnership with HKMC introduces the PRMP and RMP via referrals, providing clients with stable income and additional wealth management options. This initiative reflects our commitment to delivering value beyond insurance and supporting customers throughout their retirement journey.”
Colin Pou, Executive Director and CEO of HKMC, added:
“The PRMP and RMP allow retirees to convert life insurance policies or residential property equity into reliable monthly income. These programmes not only improve financial stability but also enhance retirees’ quality of life by offering lifelong income streams.”
The partnership addresses a key challenge in Hong Kong, where many retirees possess substantial assets but face liquidity constraints. By leveraging these solutions, retirees can retain home occupancy while drawing income from property or insurance holdings, creating financial flexibility without compromising security.
Overview of Programmes:
| Programme | Eligible Asset | Objective | Primary Benefit |
|---|---|---|---|
| PRMP (Policy Reverse Mortgage Programme) | Life insurance policies | Convert policy value to monthly income | Provides stable, lifelong payouts |
| RMP (Reverse Mortgage Programme) | Residential property | Unlock property equity for cash | Maintains home occupancy while generating income |
Industry analysts note that as Hong Kong’s senior population grows, integrated solutions combining insurance and property wealth conversion are increasingly vital. The CTF Life–HKMC partnership exemplifies an innovative approach to retirement planning, enabling retirees to access financial resources efficiently while preserving core assets.
By bridging insurance products with reverse mortgage solutions, the collaboration provides a comprehensive framework for retirees seeking both security and flexibility, supporting a higher standard of living in later years.