CTF Life has announced a strategic collaboration with The Hong Kong Mortgage Corporation Limited to broaden access to reverse mortgage solutions, providing retirees with greater flexibility in leveraging their residential property or life insurance assets for financial security.
The partnership focuses on introducing clients to two key programmes: the Policy Reverse Mortgage Programme (PRMP) and the Reverse Mortgage Programme (RMP). By combining CTF Life’s retirement-focused insurance offerings with HKMC’s reverse mortgage solutions, the initiative aims to deliver comprehensive retirement planning support tailored to the evolving needs of Hong Kong’s ageing population.
Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, highlighted the strategic rationale: “Hong Kong’s rapidly ageing population is creating increasing demand for more comprehensive retirement planning solutions. Through our collaboration with HKMC, we can provide the PRMP and RMP via referrals, complementing CTF Life’s product suite. This empowers our customers with stable income streams and an additional wealth management option in retirement, helping them build well-rounded retirement solutions while reinforcing our commitment to creating value beyond insurance.”
The programmes allow retirees to convert either their life insurance policies or residential properties into a regular monthly income stream, helping secure financial stability in later life. Colin Pou, Executive Director and Chief Executive Officer of HKMC, added: “The PRMP and RMP offer retirees a practical way to generate lifelong income from assets they already own. These solutions enhance financial independence, improve quality of life, and support comprehensive retirement planning.”
Programme Details at a Glance:
| Programme | Asset Leveraged | Purpose | Key Benefit |
|---|---|---|---|
| PRMP (Policy Reverse Mortgage Programme) | Life insurance policies | Convert policy value into monthly payouts | Provides stable, lifelong income for retirees |
| RMP (Reverse Mortgage Programme) | Residential property | Convert property equity into cash | Supports retirement cash flow while retaining home occupancy |
With Hong Kong’s senior population projected to increase steadily in the coming decades, experts emphasise that solutions integrating insurance and property-based wealth management will become increasingly essential. CTF Life’s collaboration with HKMC represents a significant step toward offering retirees innovative financial tools that balance security, flexibility, and long-term income.
This partnership underscores the growing trend among financial institutions in Hong Kong to provide integrated retirement planning solutions that combine traditional insurance products with alternative wealth-conversion mechanisms.