PHILAM Life, the largest life insurer in the Philippines, introduces Abundance Plus, a new investment product with insurance coverage and capital returns that will help you jumpstart your financial plan this 2010.
Philam Life’s Abundance Plus is a variable life product that combines investment and insurance in an easy-to-understand package. With Abundance Plus, you can:
* Boost your earning potential and get life and health insurance for as low as P20,000;
* Choose the investment fund that fits your financial needs;
* Increase your investment and insurance coverage anytime.
This product is ideal for first-time investors since you can participate in potentially high yielding investment funds while enjoying lifetime insurance protection.
Abundance Plus provides minimum life protection coverage equal to 500 percent of the annual premium, plus 125 percent of each top-up investment, less 125 percent of each partial withdrawal, if any, or a percentage of the Account Value, whichever is higher.
Abundance Plus can insure individuals from until age 70 and is available in annual, semi-annual and quarterly modes of payment.
A minimum annual regular premium of P20,000 is equal to a face amount of P100,000. You may make additional investments or top-ups in either the Philam Life Balanced Fund, the Philam Life Fixed Income Fund and/or the Philam Life Equity Fund, for at least P5,000 anytime.
For more details on Abundance Plus, visit www.philamlife.com, call 528-2000 or go to the nearest Philam Life office. (Press release)