InLife to recruit 400 financial advisors from Cebu
By Chino S. Leyco
Insular Life (InLife) said Monday, Sept. 26, that the company is looking to recruit new financial advisors from Cebu as it expands its business in the Visayas region.
Raoul E. Littaua, InLife president and chief executive officer, said the insurance firm wants to sign up 400 more financial advisors in line with its goal to recruit a total of 712 agents from the Visayas this year.
Littaua said recruitment will complement the growth of their agency network in region after InLife opened an office in Mactan—its 55th branch in country—located in Lapu-Lapu City.
Littaua said InLife’s new financial advisors will benefit from the new InLife Agency Model (I AM), which provides a more flexible agency structure and the most rewarding compensation package in the industry to date.
Foreign travel opportunities are also a part of InLife’s comprehensive agency recognition program, he said.
“We’re excited to welcome and bring more opportunities for the Cebuanos. We have been here in Cebu for 84 years now. We recognize the strength and potential of Cebu to become a financial hub,” Littaua said.
Meanwhile, he also introduced the latest offering of the company Wealth Assure Plus (WAP), a customizable life insurance product with investment components.
Littaua said WAP provides policyholders with “a higher protection benefit equivalent to a minimum of 10 times the annual regular premium or their policy’s fund value, whichever is higher.“
The insurance product also has a higher fund growth because of its low insurance cost and different local and global investment outlets.
It may be personalized through the attachment of riders, and policyholders have the freedom to choose their preferred payment options.
I AM and WAP were introduced this year to cater to the needs of agents and policyholders during uncertain times.
“Having been in the industry for 112 years, InLife knows that our customers’ priorities change over time. Both I AM and WAP were developed as a result of their new outlook after the pandemic and other developments around the world,” Littaua revealed.
Apart from its branches across the country, InLife products can be accessed through the nationwide network of its Bancassurance partner, UnionBank of the Philippines, and its wholly-owned subsidiary, City Savings Bank.
“By expanding our business in the Visayas and other key cities in the country, we hope to bring new earning opportunities to more people, especially to young millennials and members of Generation Z,” Littaua said.
“This expansion also aims at bringing InLife’s high-value financial products to more Filipinos, so that they can secure their future while fulfilling their dreams,” he concluded.