Global financial services provider Manulife has launched a single-pay variable life insurance plan that aims to help Filipinos grow their wealth by investing in an array of funds that fit personal preferences and goals.
In a statement on Thursday, Feb. 9, Rahul Hora, Manulife Philippines president and chief executive officer, announced the launch of their WealthOne, which provides customers with flexible life insurance coverage.
Hora said WealthOne’s life insurance coverage can go as high as 500 percent of their single premium, and a guaranteed start-up bonus equal to 1.5 percent.
In addition, customers can boost their coverage by adding protection benefits and they can also choose from a wide range of local and global investment funds to diversify and maximize their earning potential, Hora said.
WealthOne also offers a hassle-free policy application experience, with no medical requirements needed as long as certain conditions and limits are applied.
"We have launched WealthOne to cater to the growing number of Filipinos who have achieved success in their careers, businesses and other endeavors, and who now want to ensure that their loved ones and succeeding generations will benefit from their legacy," Hora said.
Also available for Manulife China Bank Life (MCBL) customers, WealthOne has been designed for long-term investors, such as: thriving professionals looking to grow their wealth through a diversified portfolio of assets.
WealthOne also fits high net-worth individuals with acquired assets who are interested in estate planning; and business owners looking for practical solutions to ensure business continuity.
“WealthOne aims to match Filipinos' protection needs while helping them grow their money so they can achieve their financial aspirations,” Neil Bowyer, MCBL president and CEO said.
Through WealthOne, customers can also choose from a wide range of local and global funds to maximize their earning potential.
Those funds include the recently launched Global Market Leaders Fund, which aims to achieve capital growth by investing at least 80 percent of its assets in a concentrated portfolio of equities of large-capitalization companies listed globally.