CEBU, Philippines — Capitalizing on Filipinos’ rising interest on investments and security, Filipino life insurance company Insular Life (InLife) announced its aggressive expansion in the Visayas starting with adding more financial advisors and new offices.
“We are planning to sign up 712 new financial advisors from the Visayas this year,” said InLife President and Chief Executive Officer Raoul E. Littaua in a press conference held recently.
For Cebu alone, Littaua said about 400 more new financial advisors will be added to its pool of advisors, along with its announcement of the opening of an office on Mactan Island, its 55th branch in the country to date.
According to Littaua InLife’s new set of financial advisors will benefit from the new InLife Agency Model (I AM), which provides a more flexible agency structure and the most rewarding compensation package in the industry to date. Foreign travel opportunities are also a part of InLife’s comprehensive agency recognition program.
“We’re excited to welcome and bring more opportunities for the Cebuanos. We have been here in Cebu for 84 years now. We recognize the strength and potential of Cebu to become a financial hub,” he said.
Meanwhile, he also introduced the latest offering of the company Wealth Assure Plus (WAP), a customizable life insurance product with investment components that provide policyholders with “a higher protection benefit equivalent to a minimum of 10 times the annual regular premium or their policy’s fund value, whichever is higher.“
The insurance product also has a higher fund growth because of its low insurance cost and different local and global investment outlets. It may be personalized through the attachment of riders, and policyholders have the freedom to choose their preferred payment options.
The I AM and WAP were introduced this year to cater to the needs of agents and policyholders during uncertain times.
“Having been in the industry for 112 years, InLife knows that our customers’ priorities change over time. Both I AM and WAP were developed as a result of their new outlook after the pandemic and other developments around the world,” Littaua added.
Apart from its branches across the country, InLife products can be accessed through the nationwide network of its Bancassurance partner, UnionBank of the Philippines, and its wholly-owned subsidiary, City Savings Bank.
“By expanding our business in the Visayas and other key cities in the country, we hope to bring new earning opportunities to more people, especially to young millennials and members of Generation Z. This expansion also aims at bringing InLife’s high-value financial products to more Filipinos, so that they can secure their future while fulfilling their dreams,” he concluded.
InLife is the first, largest, and only mutual Filipino life insurance company in the country with over 111 years of uninterrupted service. We apply over a hundred years of experience in financial protection, risk management, savings, and investments with asset base of over P154 billion and net worth of P47.8 billion.