CTF Life has announced a new collaboration with The Hong Kong Mortgage Corporation (HKMC), to provide its customers with an additional wealth management option for retirement.
The partnership combines CTF Life’s retirement products 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.