Security Bank manages 3 more FWD products

MANILA, Philippines — Security Bank Corp. has taken over the management of three additional variable life (VL) insurance funds of FWD Life Insurance, which enhances its investment offerings to customers.

In a statement, Security Bank said its Trust and Asset Management Group (TAMG) now manages the FWD Peso Fixed Income Fund, FWD Peso Equity Fund, and FWD Peso Balanced Fund. This has been effective since Nov. 13.

“We’re excited to welcome these funds into our management portfolio and offer our customers a holistic approach to financial planning,” Security Bank president and CEO Sanjiv Vohra said.

“This integration highlights our steadfast commitment to delivering comprehensive, accessible, and high-performing financial solutions,” he said.

The bank said integrating VL funds in its portfolio provides customers with comprehensive financial solutions, combining life insurance and investments for increased security and potential returns.

It added that having these funds professionally managed by the bank’s TAMG enables optimized performance and convenience for customers.

“This strategic collaboration between Security Bank and FWD Life Insurance will enable us to further enhance our market share in the insurance and trust sector,” Security Bank SVP and TAMG head Maricar Lopez said.

“I also would like to express my heartfelt gratitude to FWD for their continued trust in us as the Fund Manager of FWD Peso VL funds all these years,” Lopez said.

In partnership with FWD, the bank offers products that combine the benefits of life insurance with the opportunity to earn returns on investments.

Among these products include Set for Life, which offers flexible payment terms and investment options, with optional add-ons for extra protection, and Set for Health, covers up to three major critical illnesses until age 75, includes waiver of premium benefits, provides a death benefit and a return of premiums paid when no claims were made. The similar Digital Set for Health can be bought online, with insured sums ranging from P1 million to P5 million.

“Wealth creation and protection should come hand in hand. We have celebrated major milestones in our 10-year partnership with Security Bank all to champion our customers’ needs and interests, and we’re looking forward to creating more value,” said Lee Longa, FWD Philippines chief financial officer.

“At FWD, we are committed to nation-building and together with Security Bank we can create lasting impact to enrich and protect more Filipinos,” shared Antonio Manuel De Rosas, FWD Philippines president and CEO.

Security Bank also manages other FWD VL funds, including the FWD Peso Bond Fund, FWD Peso Stable Fund, FWD Peso Growth Fund, FWD Peso High Dividend Equity Fund, FWD Equity Index Fund, FWD Peso Pitstop Liquidity Fund.