THE Insular Life Assurance Co. Ltd. announced this week the launch of its estate planning product called “Wealth Protect,” where “policyholders can pass on their acquired wealth in full to their heirs.”
With low administration fee, this peso-denominated, investment-linked life insurance plan allows faster fund accumulation, the insurer said.
“It also gives policyholders an opportunity to invest in different portfolio of funds, locally and globally, depending on their risk appetite and investment goals.”
The insurance benefit plus the investment yields can be used to pay for the insured’s estate taxes and other obligations upon his untimely demise.
“With early and careful preparation, passing on the legacy to your loved ones also means continuing the aspiration for stability for generations. In this Year of the Ox, stepping up wealth accumulation coupled with life protection resembles the strong ox that is ready to take control of the future.”
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