AIA Philippines, formerly AIA Philam Life, launched AIA A+ Signature—a new product that can help Filipinos create the future that they want for their family, with guaranteed benefits and cash payouts equal to 10 percent of their plan’s face amount.
“AIA A+ Signature lets you create a secure future for you or your family,” said Tennyson Paras, head of products at AIA Philippines.
“This plan allows you to have an additional income stream on top of your retirement benefits when you stop working or gift your children with cash from the payouts so they can live the life you’ve always wanted for them. If you’re looking for a product that gives guaranteed benefits—cash payouts, protection and maturity benefit—for whatever purpose in the future, then this is for you. There’s no better way to show love to your family than having a well-prepared future,” said Paras.
It said with AIA A+ Signature, Filipinos can start receiving guaranteed cash payouts from the end of the fifth or sixth year of the plan, depending on the pay variant selected, then every two years thereafter. It can be used to save up for future financial goals such as travel the world, buy a house or new car, or send children to study overseas.
The product provides double guaranteed life insurance and maturity benefits, which means that in case of untimely passing, beneficiaries will receive a cash benefit equal to 200 percent of the plan’s face amount.
If the plan holders reach 100 or the plan’s maturity, they will be entitled to receive 200 percent of the plan’s face amount.
AIA A+ Signature offers flexible payment terms and non-guaranteed dividends, with plan holders given the option to choose between five, ten or 20 years to pay.
This gives plan holders the freedom to budget their payments accordingly. At the same time, the product has non-guaranteed dividends which will be provided yearly, determined by AIA based on the company’s performance and earnings.
Optional additional riders are available to maximize the benefits and give additional protection. These riders include total and permanent disability and personal accident.
“You need to make smart decisions today that will help you achieve your lifestyle goals if you want to create the future that you want for yourself and your family. By investing in AIA A+ Signature, you’re one step closer to enjoying the life that you’ve always wanted, and look forward to a healthier, longer, better life ahead,” AIA Philippines said.