In response to the
changing financial protection needs of the modern Filipino family, Manulife
Philippines recently launched Manulife FlexiSure, a first-of-its-kind
whole life protection product with a built-in investment feature that provides
not only a safety net against life’s unexpected events, but also the
opportunity to optimize the policyowner’s money’s earning potential by taking
advantage of changing market conditions within the investable variable
unit-linked component of the product.
Manulife FlexiSure gives the policyholder a lot of financial flexibility by allowing him/her
to access their variable unit-linked investment funds in times of need –
something that whole life protection products were unable to do previously. In
this product, the current value of the investment component is “withdrawable”
at any time1 and can be used by the policyowner for either emergency or
anticipated expense needs without having to sacrifice the guaranteed protection
coverage provided for by the product. “This is why we refer to Manulife
FlexiSure as a ‘hybrid’ insurance product,” according to Indren Naidoo,
President and Chief Executive Officer, Manulife Philippines.
Another aspect of the
product’s flexibility is it allows policyholders to choose the proportion of
guaranteed protection coverage component that the policy provides in relation
to the investable portion, in response to the changing financial goals and
objectives of the policyowner over time. To add, it also allows for “fund
switching” wherein the investable funds can be reallocated to different
investment funds like Peso Secure Fund, Peso Diversified Value Fund, Peso
Dynamic Allocation Fund, Peso Growth Fund and Peso Cash Fund to
take advantage of changing financial market conditions. “Top-ups” can also be
provided at minimal amounts to build up the fund based on what’s convenient for
the customer. “Manulife FlexiSure is a completely new generation whole
life protection product in which the value of the investable portion component
can be optimized for return potential in response to the evolving and specific
needs of the policyholder,” added Mr. Naidoo.
Manulife FlexiSure offers life
insurance protection up to age 100 for absolute peace of mind for the family
and the policyholder and a maturity benefit equal to the life insurance
coverage upon reaching age 100. Plus, there are supplementary benefits that
allow the policyholder to customize coverage through added protection benefits
or rider options.
The product’s flexible
payment terms of 5, 10, 15 years or until age 100 for a whole life plan make it
a true attraction.
To learn more about Manulife
FlexiSure, call (02) 884-7000, email phcustomercare@manulife.com or contact
a Manulife Philippines financial adviser at any of over 30 Manulife branch
offices nationwide.
