Last updated July 21, 2009
HSBC Holdings is one of the world’s largest banks. Active throughout the United Kingdom, Europe, North and South America, Asia/Pacific, Australia, the Middle East and Africa, the company has 10,000 offices in more than 80 countries. HSBC provides customer and commercial banking services, asset management, private banking, credit cards, securities underwriting and trading, insurance and leasing. HSBC Insurance Agency is a wholly-owned subsidiary of HSBC Bank USA.
As of 2009, Forbes magazine reported that HSBC is the 6th. largest company in the world. HSBC is the acronym for The Hongkong and Shanghai Banking Corporation based in Hong Kong. Today, Hong Kong continues to be a significant source of its income. Based in Asia, HSBC provides lending, investment, and insurance activities worldwide.
HSBC offers term life insurance with a variety of options and features. Term life insurance provides protection for a contracted period of time, or term. If the insured dies within that set time, death benefits will be paid to the beneficiaries. Otherwise, the policy expires and a new policy is needed for coverage to continue. HSBC term life options come in 10, 20 and 30 year terms and provide coverage up to $500,000.
Contact HSBC at:
200 Somerset Corporate Boulevard
Bridgewater, NJ 08807
Telephone: (866) 925-4722
Sources: “Term Life Insurance Products,” HSBC web site 2009; “HSBC,” WIkipedia web site, 2009; “HSBC Holdings plc,” Hoovers web site, 2009.