InLife launches insurance plan linked to investments

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INSULAR LIFE Assurance Co., Ltd. (InLife) has launched a new investment-linked life insurance product, Solid Future Global, which invests in international markets for higher returns.

InLife said in a press release that Solid Future Global is a multi-payment life insurance plan with an investment component, where a large portion of the premiums are converted into funds and invested in various countries and market sectors.

Plan holders will have their funds invested without the need to convert pesos to dollars through InLife’s Peso Global Equity Fund and Peso Global Technology Fund.

Meanwhile, under the insurance component of the policy, the living benefit equals the fund value, while the death benefit may equal the fund value or the sum insured.

The product is available to Filipinos ages 0-70 with P 50,000 worth of annual regular bonuses.

The policy also has protection guaranteed for five years, which means it won’t expire even if market conditions are unfavorable, InLife said.

In addition, from the second year of insurance, 100% of premiums are invested directly in the fund chosen by the insured, which could help insureds achieve their long-term financial goals and protect themselves against risks.

“Those goals can be any of the following: buying a property, starting a business, funds for the education of the children, money for family vacations and even a decent retirement nest egg. Solid Future Global enables the accumulation of funds earlier, creating high fundraising value over time, ”said Gae L. Martinez, director of marketing at InLife, in the release.

InLife paid 3.9 billion pesos in benefits in 2020, including 591.72 million pesos for death and disability claims.


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