In a digitally driven environment, millennials' awareness for life insurance has increased, with many sources reporting that just 10% of them have enough life insurance in place to satisfy needs if they die, placing their family members at risk. Millennials are, for the most part, digital natives. They were born into a world where the enthusiasm of new technologies was just getting started. The internet became a "thing" among the eldest millennials, who have recently reached their 40s. Life insurers have an opportunity to inform and position life insurance as a protective instrument to hedge against one of the main financial issues current generations are facing: inflation. As the world begins to deal with the developing economic instability, millennials need and desire to learn more about these important messages. Insular Life (InLife) is currently offering Secure 5, a guaranteed life insurance plan, for a limited period. In the plan's second year, quarterly cash payouts, and the resumption of total premiums at maturity in 5 years. “The circumstances of the past three years have made some people risk-averse. They are uncomfortable with market movements that may impact the fund values of variable universal life policies. We kept this in mind when we developed Secure 5,” said Gae Martinez, Chief Marketing Officer of InLife. Secure 5 is a five-year guaranteed issue offer (GIO) insurance plan available to people aged 0 to 65. It is best suited for people who want to invest their money in long-term investments. The millennials and Gen Zs of today have greater economic ability to earn and save more money, and they are keen to start investing sooner than previous generations. “Many Filipinos are avoiding or postponing making financial decisions in the light of all the issues affecting markets. But Secure 5 lets you protect your loved ones while guaranteeing attractive payouts over a 5-year period,” Martinez noted. Secure 5 has two annual premium payments that start at P250,000 (with a maximum of P12,500,000). Policyholders have the option to place a second annual premium in a premium deposit fund (PDF).

The expected endowments or guaranteed cash payouts range up to 4% annually. On the first year the policy is in effect, the first cash payout is made. The ensuing payouts are made on a quarterly basis. Regardless of market or economic conditions, the policyholder will receive a refund of all premium payments once the plan has reached its five-year maturity. Meanwhile, InLife continues to be one of the country’s top five insurers in terms of net worth, net income, and assets, according to recent figures from the Insurance Commission. “As we move forward, we will introduce innovations and develop new products that address the current needs of our customers. In fact, our latest VUL fund strategy, the Systematic Global Sustainable Income Fund, seeks attractive regular income while investing in a global portfolio that also achieves a lower carbon intensity compared to benchmarks. Available in both our Peso and US Dollar plans, the fund has paid close to 6% p.a. in its latest income distribution. This is proof that sustainable investing makes good financial sense,” said Martinez. She added that this is consistent with the Company’s firm commitment to make significant investments in renewable projects and sustainable initiatives. “InLife has been a trusted insurance company for more than 112 years. With our new sustainable fund and the recent launch of Secure 5, we further strengthen our commitment to advancing financial security for Filipinos and their loved ones," Martinez said. Each individual has a distinct motivation for purchasing insurance. But at its foundation, choosing to buy insurance is all about ensuring your own and your loved ones' financial security. Talk to an InLife financial advisor to learn more about the benefits of Secure 5, or visit [https://www.insularlife.com.ph/secure5](https://www.insularlife.com.ph/secure5). Follow InLife’s Facebook Fan page for product updates, events, and promotions.