The country’s largest Filipino life insurance company has introduced a new investment option for individuals wanting to invest in global market and technology enterprises.
In a statement, Mona Lisa B. Dela Cruz, Insular Life president and chief executive, said they are offering a life insurance and investment plan that will put someone’s hard-earned savings during the global health crisis to work.
Called the “InLife’s Wealth Assure Guaranteed Issue Offer (GIO),” the product is an investment option for those who wish to put their money in the global market and technology winners.
“InLife understands that Filipinos need to plan for their family’s future and make prudent investment decisions during this time of uncertainties. Our Wealth Assure GIO responds to these two financial needs at the same time,” Dela Cruz said.
Since InLife Wealth Assure GIO is a guaranteed issue offer, Dela Cruz said there is no need to go through the usual insurance application process with lengthy forms and medical exams.
“There will be no long waiting time, as InLife financial advisors will assist in the application process digitally,” Dela Cruz said.
Aside from its investment component, InLife Wealth Assure GIO provides life insurance coverage equivalent to five times the annual premium.
“The plan’s built-in investment feature boosts insurance coverage by putting premiums in Peso Global Equity Fund or Peso Global Technology Fund,” the company said.
The Peso Global Equity Fund gives access to the world’s market leaders which have constantly issued dividends through the years.
Peso Global Technology Fund, on the other hand, seeks to achieve long-term capital appreciation through investments in equity securities of technology companies around the world.
Wealth Assure GIO is available until September 30, 2020.