Did you know that the Philippine retirement system is among the worst in the world? Philippines is 4th lowest out of 36 countries according to the 2019 Melbourne Mercer Global Pension Index. Why is this alarming? Because if we don’t do something about it, we will be one of those elderly folks who will suffer the consequences of poor retirement system. By 2032, Philippines will transition to ageing society according to projections of Philippine Statistics Authority (PSA). It will continue in that trend for years before we can ever go back to this younger population that we call “demographic sweet spot” of today.
So in order to catch up with time, let me introduce to you one of my most favorite product of Insular Life for retirement, the Wealth Secure Retirement. Wealth Secure Retirement is an investment-linked, life insurance plan that jump starts your retirement fund because of the following features:
- Competitive Earnings. Lets your money grow more than the usual savings instrument.
- Retirement Fund Availability. Ensures you have funds available by age 65 to enjoy your retirement years.
- Payout Options. Allows you to receive your retirement benefit lump sum or in installment.
- Flexibility. Lets you add to your investment anytime for bigger retirement fund.
- Life Insurance Coverage. Provides benefits to your loved ones in case of demise.
You can add the following benefits to enhance this plan: Accidental Death Benefit, Special Accident Rider, Special Accident Rider with Disability Indemnity