CTF Life partners with HKMC to expand reverse mortgage access

Collaboration targets seniors needing immediate cash from residential property equity.

CTF Life is collaborating with The Hong Kong Mortgage Corporation Limited (HKMC), aimed at offering customers an additional option for managing their wealth after retirement. 

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 comprehensive retirement planning support that meets customers’ financial needs at every stage of life.

“Hong Kong’s rapidly ageing population is driving demand for more comprehensive retirement planning solutions. We are pleased to partner with the HKMC to introduce the PRMP and the RMP through referrals, which complement CTF Life’s product suite to provide customers with stable income streams and an additional wealth management option in retirement, helping customers build well-rounded retirement solutions and reinforce our commitment to creating value beyond insurance,” Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said in a press release.

“The PRMP and the RMP help retirees convert their life insurance policies or their residential properties into steady monthly payouts, generating lifelong streams of income, thereby enhancing the quality of their retirement lives,” Colin Pou, Executive Director and Chief Executive Officer of The Hong Kong Mortgage Corporation Limited, also said in the press release.