Manulife Philippines has launched Manulife FlexiSure, a new whole life protection product with a built-in investment solution.
In addition to providing a covering against life’s unexpected events, the new product offers an opportunity to optimize the customer’s money earning capability by taking advantage of varying market conditions within the investable variable unit-linked component of the product.
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Manulife Philippines president and chief executive officer Indren Naidoo said, "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."
The product allows policyowners to access their variable unit-linked investment funds whenever required. Clients can withdraw the current value of the investment component at the times of need with losing the guaranteed protection coverage offered for the product.
It also enables policyholders to select the proportion of guaranteed protection coverage component that the policy provides in relation to the investable portion, and offers ‘fund switching’, allowing reallocation of the investable funds to different investment funds.
Manulife FlexiSure provides life insurance protection up to age of 100 years and a maturity benefit equal to the life insurance coverage upon reaching 100 years of age.
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