WEALTH PROTECT PLUS
– Single Premium 10-year Coverage Program
– Risk-free guaranteed annual earning of 5% of the Face Amount every year starting at the end of the 2nd policy year
– Imbursement of the Investment Amount including the last guaranteed earnings of 5% on the 10th year (but investment cannot be withdrawn anytime)
– Preserves estate upon transfer to designated beneficiaries
– Absolutely no proof of insurability needed (no medical exam required!)
– Available to persons age 20 – 75 years old
PhilLife Financial’s Wealth Protect Plus is the first-of-its-kind investment and estate conservation program. It is designed to provide you with high guaranteed annual earnings and at the same time preserve the wealth you wish to pass on to your loved ones.
You can place the amount you wish to invest as a single-pay insurance premium for as low as Php100,000.
From this, you will receive 5% of the Face Amount every year starting at the end of the 2nd policy year. At the end of the 10th year, you will receive 100% of your Face Amount plus the remaining 5% guaranteed earnings, giving you a total of 145% of your single premium payment as illustrated in the table below. At the end of the first policy year, your cash value is already equal to your Face Amount allowing you to get back 100% of your premium payment if the need arises. This gives you maximum flexibility and liquidity while enjoying high guaranteed annual earnings.
In case of death, your loved ones will receive the Face Amount TAX-FREE*.
*If beneficiary designation is irrevocable