BY LFSINSURANCELFScompare editorial · Updated 6 November 2026
Start with the people who rely on you and the financial support they would need if you died. Connect the discussion to your circumstances before choosing a product.
Questions to take with you
- List the people who depend on your financial support.
- Outline household commitments and outstanding liabilities.
- Bring details of personal and employer life cover.
- Consider how long each commitment may continue.
- Ask which benefits are guaranteed and whether any figures are illustrations.
- Check how long premiums are payable and whether they can change.
Match the protection period to the need
Explain which commitments are temporary and which may continue for longer. Ask what happens when the cover ends and what options the contract gives you.
Review before replacing
Bring your current policy information. Ask the adviser to explain the effects of keeping, changing or replacing it, including any benefits or costs you might give up.
Your questions, answered
What is life insurance for?
Life insurance is designed to provide a death benefit under the contract. Start with the financial support your dependants would need.
How do term and whole-life cover differ?
Term insurance provides protection for a defined period. Whole-life insurance is designed for lifelong protection and may include other features. Compare the contract, costs and purpose with an adviser.
How much cover should I consider?
Discuss household spending, dependants, liabilities, existing cover and other resources. A personal needs assessment is more useful than a fixed multiple of income.
Should I replace my existing policy?
Compare the existing and proposed contracts with an adviser, including costs, benefits and application requirements. Do not assume a new application will be accepted.
LFScompare will offer selected providers and plans, rather than the whole Hong Kong market. A logo does not mean every product is available. Ask which options are included in your comparison.
Further reading: Insurance Authority: Life insurance; Protection Needs Assessment.
This guide is general information, not a personalised recommendation, quotation or underwriting decision.