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RETIREMENT INSURANCE PLAN
(via InLife's Wealth Assure Plus and Abundance)
You can get retirement insurance with a customizable insurance product with investment component via InLife's Wealth Assure Plus or Abundance.
It allows you to be in control of your life's journey, including preparation of a fund that you can use for your retirement in the future. It can help you get on the right track with a plan that adapts to your financial priorities - in this case - having a retirement fund so you can fully enjoy your post-working years.
DETAILS OF INLIFE'S
RETIREMENT INSURANCE PLAN
(via Wealth Assure Plus)
Wealth Assure Plus by InLife is a customizable insurance product with investment component which means you can use it to prepare your retirement fund so you can fully enjoy when you retire.
Here are some features of Wealth Assure Plus:
Personalized Solution
Discover the freedom to create a customized insurance plan that perfectly aligns with your specific needs. With flexible options, you have the power to add or remove additional coverage boosters, known as riders, as your circumstances change over time. The payment and top-up arrangements are designed to adapt to your unique financial situation, giving you the flexibility you crave. If you have time-bound financial goals, a compressed payment option can assist you in reaching those milestones faster, ensuring your investments are completed in a timely manner.
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Increased Insurance Benefit
Prepare for life's unexpected surprises by securing a minimum insurance coverage that exceeds ten times your annual regular premium. To further enhance your protection and provide you with ultimate peace of mind, an optional term insurance booster is offered. This additional boost to your policy ensures that you have the necessary coverage to navigate through any unexpected bends and turns that may come your way. With comprehensive insurance options, you can feel confident that you're prepared for whatever life throws at you.
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Higher Living Benefits
You can make the most of your investments thanks to their low charges. We understand the importance of your hard-earned money, which is why our boosters are paid on top of your basic premiums. This means that your funds remain fully invested, allowing them to continue growing and delivering optimum growth potential. By minimizing charges and keeping your investments on track, we strive to help you achieve your financial goals efficiently and effectively. Trust us to provide you with insurance solutions that prioritize your wealth accumulation and long-term financial success.
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Accessible and Cost-effective Investing
Unlock the potential for exponential growth by leveraging InLife's extensive network of local and worldwide investment outlets. Rest assured, your investments are in capable hands, thanks to our team of expert fund managers who are dedicated to guiding you towards success. With their expertise, you can confidently venture forward and navigate the financial landscape without ever getting lost. Start saving and investing with ease by taking advantage of affordable monthly top-up options, with contributions as low as P500.
HOW INLIFE'S RETIREMENT INSURANCE PLAN
via Wealth Assure Plus LOOKS LIKE:
(This is just for illustration purposes only. Plans are personalized to you or each and every person - depends on the background, status, goals and objectives of the person applying for an investment insurance plan. It will be subject to an approval by InLife's underwriting team. Better to start investing in an insurance plan young, to have bigger returns in the future. But even when you're older, it's not too late to start! :)
TYPE OF PLAN:
Retirement Insurance Plan via Wealth Assure Plus
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PLAN PROPOSAL:
As of August 2023
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RETIREMENT FUND GOAL:
Php2,000,000 by age 60
PROPOSED INSURED'S PROFILE:
30 Years Old Male, Non-smoking
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SUM INSURED:
Php 1,000,000
BASIC ANNUAL PREMIUM:
Php 100,000
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MONTHLY TOP-UP PREMIUM:
Php 5,000 (monthly in 10 years)
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PREMIUM PAYING PERIOD:
10 YEARS
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FUND TYPE CHOSEN:
Balanced Fund
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FUND INVESTMENT OBJECTIVE APPLIED:
Balanced Fund (seek to optimize medium to long-term capital and income growth through investment in Peso denominated fixed income securities such as bonds, money market instruments, and shares listed on the Philippine Stock Exchange. The asset allocation is to be determined by the fund manager and may be changed from time to time.)
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DISCLAIMER
The paying period is not guaranteed, and you may be required to pay additional premiums. Fund values and death benefit are for illustration purposes only and are not indicative of the actual returns that may occur.
POTENTIAL FUND VALUE (at age 60):
Php 3,874,978 (low)
Php 10,180,834 (medium)
Php 16,346,434 (high)
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DEATH BENEFIT (at age 80):
Php 8,490,555 (low)
Php 47,452,430 (medium)
Php 109,970,634 (high)
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OTHER RIDERS YOU CAN POSSIBLY ADD:
Waiver of Premium Benefit
Payor's Rider
Payor's Waiver of Premium Benefit Rider
Accidental Death Benefit
Critical Illness Rider
Diabetes Coverage Rider
Future Diabetes Endorsement
Hospitalization Allowance Rider
Renewable Term Insurance Rider
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FUND TYPES AVAILABLE THAT YOU CAN CHOOSE FROM:
Peso Money Market Fund
Peso Fixed Income Fund
Peso Global Multi-Asset Fund
Balanced Fund
Equity Fund
Growth Fund
Peso Global Equity Fund
O.N.E Fund
Peso Global Technology Fund
Guardian Fund
Select Equities Fund
DETAILS OF INLIFE'S
RETIREMENT INSURANCE PLAN
(via Abundance)
"Abundance" is a financial solution that combines savings and life insurance to aid you in consistently setting aside funds while ensuring regular payouts that help you realize your dreams. Moreover, this solution safeguards you and your family from the unforeseen challenges of life.
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It is an endowment plan that provides life protection for 20 years and guaranteed cash payout which will be paid at the end of the 7th policy year, and every 2 years thereafter, until the end of maturity period (should the insured outlive the protection period, 100% of your coverage amount will be given in lump sum cash, as maturity benefit).
Here are some features of InLife's Abundance:
Guaranteed Regular Cash Payouts
Equivalent to 10% of sum insured given every 2 years starting from end of 7th* year or 11th** policy year until maturity
*For 5-pay; **For 10-pay
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Guaranteed Lump Sum Cash at Maturity
Equivalent to 100% of sum insured
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Coverage of either 20 years or up to 65 years old
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Life Insurance Benefit
Equivalent to 200% of sum insured in case of insured’s death
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Terminal Illness Benefit*
Equivalent to 200% of sum insured once diagnosed of an end-stage disease
*Benefit claim advances the life insurance benefit and terminates the plan
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Only 5 or 10 years to pay
HOW INLIFE'S RETIREMENT INSURANCE PLAN
via Abundance LOOKS LIKE:
(This is just for illustration purposes only. Plans are personalized to you or each and every person - depends on the background, status, goals and objectives of the person applying for an investment insurance plan. It will be subject to an approval by InLife's underwriting team. Better to start investing in an insurance plan young, to have bigger returns in the future. But even when you're older, it's not too late to start! :)
TYPE OF PLAN:
Retirement Insurance Plan via InLife's Abundance 65 (10-pay)
PLAN PROPOSAL:
As of August 2023
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RETIREMENT FUND GOAL:
Php1,000,000 by age 65
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INSURED PERSON'S PROFILE:
30 Year Old Male, Non-smoking
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BASIC SUM INSURED:
Php 1,000,000
BASIC ANNUAL PREMIUM:
Php 133,530
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PREMIUM PAYING PERIOD:
10 Years
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ANTICIPATED ENDOWMENT BENEFITS:
Php 100,000 (to be provided at ages 41, 43, 45, 47, 49, 51, 53, 55, 57, 59, 61, 63 for however you want to use it before the age of 65)
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LIFE INSURANCE BENEFIT:
Php 2,000,000
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TERMINAL ILLNESS BENEFIT:
Php 2,000,000
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MATURITY BENEFIT AT AGE 65:
Php 1,000,000 (should the insured outlive the protection period, this will be given in lump sum cash)
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TOTAL CASH BENEFITS:
Php 2,200,000 (Maturity + Anticipated Endowment)
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GET A QUOTE ON INLIFE'S RETIREMENT INSURANCE PLAN
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