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04 OCTOBER 2017, Manila, Philippines – FWD Life Philippines, one of the country’s fastest-growing life insurance companies, launched “US Dollar All Set Higher”, a dollar-denominated single-payment insurance protection and investment plan which gives customers the opportunity to take advantage of the long-term growth potential of international economies whilst giving them lifetime insurance protection.
“The US Dollar All Set Higher plan is the newest addition to FWD’s growing range of customer-focused product innovations,” said FWD Life Philippines President and Chief Executive Officer Peter Grimes. “With a minimum investment of USD20,000, US Dollar All Set Higher offers access to a global portfolio of equity shares of top listed corporations across the world. The plan brings the power of global investing closer to the Filipino and offers long-term growth potential with high potential returns at well-diversified risks.”
Premiums paid for US Dollar All Set Higher plan will be invested in FWD’s new Global US Dollar Equity Index Fund. This fund provides access to a well-balanced portfolio of worldwide investments, investing in top corporations all over the world (such as Apple, Microsoft, Facebook, Amazon, Samsung, Alibaba, and Toyota), providing an optimal diversification of the policyowner’s investment. It closely tracks the total return of the MSCI All Country World Index (MSCI ACWI) which allows investors to participate in the long-term growth potential of international economies. All policy benefits from US Dollar All Set Higher are to be paid out in US dollars.
The said strategy thus far has an annualized performance1 of 5.08% since 2000, with its 5-year investment performance at 10.46%. During this period, the annual returns of the MSCI ACWI fluctuated between 22.80% (2013) and -2.36% (2015).2
“As FWD continues to grow in the Philippine market, we take it as a mandate to continuously offer products which address every Filipino customer’s financial needs,” Grimes added. “Through FWD’s US Dollar All Set Higher, we are enabling Filipinos of today to expand their investment range providing them access to a globally-diversified equity portfolio. More importantly, the plan gives them the insurance protection they deserve as they continually build their legacy and aim to reach higher and go further in life.”
US Dollar All Set Higher is now available through FWD Life’s Financial Wealth Planners. Call the FWD Customer Connect Hotline at 02 888 8388 to set an appointment. The plan will also soon be available at all Security Bank branches nationwide.
1 Past performance is not an indication of future results.
2 Based on MSCI ACWI Index (USD) as of August 31, 2017
FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. After its second full year of operations in 2016, FWD ranked #12 in total premium income, up one notch from previous year, according to the Insurance Commission’s report.1 By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.2
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
2 Based on publicly available disclosures.