Manulife Philippines, a subsidiary of leading international financial services provider Manulife, announced on Monday that it has 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% of their base premium, if paid on time; an additional bonus equivalent to 2% of the base premium, if they choose to increase their premium by extending the number of years they have invested in their policy; and, an annual loyalty bonus equivalent to 0.5% or 0.75% of their account value at the end of their 10th policy year.
There are no upfront premium fees and payouts are automatically invested in clients’ chosen funds, allowing them to quickly start building their investments.
Richard Bates, President and CEO of Manulife Philippines, said FutureBoost offers Filipinos a flexible life insurance plan with built-in investments. “With this product offering, we hope to help more customers secure every stage of their life journey, accelerate financial growth, and reach their financial goals faster,” he said.