Philamlife has expanded its line of investment products with the launch of a new variable life product called the AIG Asset Builder.
The product is the country’s first variable unit link product with no premium charges, making it possible to maximize 100 percent of one’s total investment.
AIG Asset Builder offers flexibility to investors by matching their various investment objectives and risk appetites with potentially high yielding fund options. These are the Philamlife Fixed Income Fund, Philamlife Balanced Fund and Philamlife Equity Fund.
In a press conference, Philamlife president Jose L. Cuisia said investors can start with a low initial investment of P25,000 and a convenient payment period as short as five years.
AIG Asset Builder also offers lifetime insurance protection benefits of five to 25 times the premium.
Furthermore, the product also gives investors access to the global vision and expertise of Philamlife and AIG fund managers. The product aims to increase earning potential by utilizing Philamlife’s proven investment strengths and capabilities.
Philamlife is a member company of the American International Group, a global player in insurance and financial services.
AIG operates in more than 130 countries and jurisdiction and has over $1 trillion in assets.
Philamlife, meanwhile, is the market leader for over six decades now and continues to offer its clients the most comprehensive range of insurance and financial services.