Customized Investment Payment
With a VUL plan, a policyholder has the option of putting in more than the regular premium. Any amount in excess of the regular premium becomes additional investment or top-up. In effect, the fund value accumulates faster for the policyholder. This is great for those who are looking for investment options for their bonuses or windfalls.
On the flip side, in the event of unforeseen financial catastrophe, a VUL plan allows the policyholder to paying the charges only, thereby keeping the policy in-force.
Furthermore, as long as there is enough fund value to cover the charges, a VUL policy will not lapse.
Since the investment is directly linked to your preference of funds not limited to equities, bonds or mixture of both; you can be assured that you can benefit from the fund manager’s capacity to grow your funds despite your minimal investment.
Previous record shows that most of the funds being marketed today had grown around 50% to 200% for 5 years or 60 months.
*Previous records do not guarantee the future returns.
For more reference on the track record of various mutual funds being managed by BPI ASSET MANAGEMENT COMPANY, You may click : HERE!
Unlike traditional investment plans available in the market today, most VUL Insurance plan is free from withdrawal charges after the end of the payment plan usually after 5 years and 1 day for a 5 year plan or 10 years and 1 day for a 10 year plan.
Imagine the empowerment you can have with this feature. You got an insurance coverage and an investment plan in one.
Innovative Insurance Coverage
VUL Insurance Plan of today is breaking the dogma that Insurance is 100% all about getting paid for dying or breaking things. Would you believe that there are a lot of benefits in getting a VUL Insurance Plan?
a) You get a one-time payment if you’re found to have any of the 38 defined illnesses (e.g., cancer, stroke, heart attack, renal failure).
b) This gives you the benefit amount in case of accidental death. The benefit amount will be 3X if accidental death occurs on a Philippine Public Holiday*.
c) This pays a guaranteed amount for each day you are in the hospital. If the stay is in the Intensive Care Unit (ICU), the benefit is 2X.
d) We will cover your savings in case of death, permanent disability, or if you’re found to have any of the 38 defined illnesses (e.g., cancer, stroke, heart attack, renal failure).
Interested about HMO ? INQUIRE NOW!
About The Editor-In-Chief of Think Philippines!
- Managing Partner at Princeton Business Initiative
- Lead Convenor of Isang Samahan, Isang Pilipinas (ISIP) and Think Philippines!
- Agency Manager at Fortune CARE Health Maintenance Organization (HMO)
- Financial Investment Advisor at Rampver Strategic Advisors
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