InLife’s Secure 5 offers cash payouts for 5 years

MANILA, Philippines — For a limited time, Insular Life (InLife) is offering Secure 5, an insurance product that provides life protection, guaranteed quarterly cash payouts on the plan’s second year, and the return of total premiums upon maturity in five years.

“The circumstances of the past three years have made some people risk-averse. They are uncomfortable with market movements that may impact the fund values of variable universal life policies. We kept this in mind when we developed Secure 5,” said Gae Martinez, chief marketing officer of InLife.

Secure 5 is a five-year guaranteed issue offer (GIO) insurance plan available to individuals between the ages of zero to 65. It is best suited for individuals who want their financial assets placed in long-term investments.

“Many Filipinos are avoiding or postponing making financial decisions in the light of all the issues affecting markets. But Secure 5 lets you protect your loved ones while guaranteeing attractive payouts over a five-year period,” Martinez said.

Secure 5 has two annual premium payments that start at P250,000 (with a maximum of P12.5 million). Policyholders have the option to place a second annual premium in a premium deposit fund (PDF).

The guaranteed cash payouts or anticipated endowments are up to four percent per annum. The first cash payout is given on the first year of the policy. The subsequent payouts are given quarterly. Once the plan reaches its five-year maturity, the policyholder will receive back the total premiums paid, regardless of economic or market conditions.

InLife continues to be one of the country’s top five insurers in terms of net worth, net income, and assets, according to recent figures from the Insurance Commission.