Manulife Philippines, a subsidiary of leading international financial services provider Manulife, said Monday it launched a flexible insurance plan called FutureBoost that includes life and financial protection in one plan.
FutureBoost offers a number of key benefits, including potential income through a premium bonus equivalent to 5 percent of their basic premium, if paid on time; an additional bonus equivalent to 2 percent of the basic premium, if they opt to add to their premium by extending the number of years they put funds into their policy; and, an annual loyalty bonus equivalent to either 0.5 percent or 0.75 percent of their account values upon completion of their policy’s 10th year.
There are no upfront premium charges, and payments are automatically invested in the customers’ chosen funds, allowing them to start building their investments quickly.
Richard Bates, president and chief executive of Manulife Philippines, said FutureBoost offers Filipinos a flexible life insurance plan with built-in investments. “Through this product offering, we hope to help more customers secure every stage of their life journey, accelerate growth in their finances and achieve their financial goals quicker,” he said.