Insurance company EastWest Ageas has introduced its latest offering, the Life Advantage plan, designed to provide Filipinos with insurance protection and guaranteed income payouts.
This new plan aims to address financial concerns prevalent among many Filipinos, especially in the face of uncertain employment and unexpected life events.
A study conducted by Nielsen, commissioned by EastWest Ageas, found that 8 out of 10 Filipinos view financial security as a top priority. The Life Advantage plan responds to this by offering guaranteed annual payouts starting after six years of holding the policy, extending until the policyholder reaches 100 years old.
“Life is full of uncertainties, and we want to provide Filipinos with a plan that gives them financial security while covering them for life’s unexpected challenges,” Sjoerd Smeets, president and CEO of EastWest Ageas, said in a statement.
The Life Advantage plan includes 200% coverage of the sum insured, flexible add-ons, and additional protection options. It also offers a guaranteed income payout of 5% of the sum insured each year. This makes it suitable for those looking to secure financial support for various life events, such as hospitalization, critical illness, or accidental disablement.
The plan’s flexibility allows policyholders to customize it based on their needs, ensuring coverage for both themselves and their families. Whether for education, retirement, or leaving a legacy, Life Advantage offers a comprehensive solution to achieve financial stability.