Insurer crafts affordable life plans

FWD Life Philippines, one of the country’s fastest-growing life insurers, has introduced new protection plans tailor fitted to meet individual customer needs.

FWD Life Philippines, one of the country’s fastest-growing life insurers, has introduced new protection plans tailor fitted to meet individual customer needs.

The products are offered with the knowledge the life insurance segment generated premium income totaling more than P116 billion in the first half this year alone, representing growth of 28 percent from year ago premium income of a little over P90 billion.

“FWD‘s Set for Tomorrow will provide protection for the people we love and care about. The coverage amount and period can be customized to any personal situation and budget. Our aim is to make real and substantial protection accessible to everyone,” FWD Life Philippines President and Chief Executive Officer Peter Grimes, said.

Dubbed “Set for Tomorrow,” the insurance product has three variants that address the different needs to take care of those left behind should the unexpected happen.

“Set for Tomorrow caters to Filipinos from 18 to 70 years of age, from young urban professionals to retirees,” Peter added. “With very basic social security, many professionals have an enormous protection gap.”

Taking responsibility

The insurer’s latest insurance product is designed to protect those we love. Three common reasons that lead to financial problems for those left behind include:

People have loans and accountabilities that are transferred to their family if they are no longer around.

News Source: Tribute