Even in a time of crisis, people still have dreams to pursue and plans for the future. But they might wonder, in facing the crisis and the uncertainties at present: How can I save more funds to work towards my dreams and achieve my goals? How can I protect myself and my family from unforeseen challenges?
Cocolife offers a solution to such questions, through its new product — Cocolife LifeVest.
A reliable ‘life saver’ throughout life’s challenges and uncertainties, Cocolife LifeVest is an investment-linked life insurance plan that provides the right balance between growing your funds and availing of financial protection.
Given its life insurance component, Cocolife LifeVest gives the benefit of protecting families from facing unforeseen financial burdens. The death benefit also comes with both level and increasing benefit options.
On the investment side, Cocolife LifeVest helps clients grow their savings by investing in expertly managed funds letting them enjoy competitive fund earnings.
To expand clients’ protection coverage, Cocolife LifeVest may be availed of with attachable Riders. For the Limited Pay, they can consider enhancing with the following riders: Accidental Death and Dismemberment; Waiver of Premium Upon Disability; Critical Illness Benefit Rider; and Payor’s Benefit Rider Due to Payor’s Death or Disability. The Accidental Death and Dismemberment and Critical Illness Benefit Riders can also be added to the Single Pay Variant.
Cocolife LifeVest has extensive coverage reaching up to age 100.
Superior bonuses and rewards also await Cocolife LifeVest policyowners. Keeping the policy active for at least 10 years entitles clients to a loyalty bonus that will be credited to the fund at the end of the 10th policy year, and every 10 years afterward. Another perk of keeping the policy active is a special bonus equivalent to 100% of the premium charge deducted from the initial premiums.
Cocolife LifeVest is available in Single Pay Option and Limited Pay Option (5-pay/7-pay) with minimum premiums ranging from P30,000 for Limited Pay and P60,000 for Single Pay.
As an affordable variable life insurance product, Cocolife LifeVest is versatile and can cater to persons of varied backgrounds and with distinct financial needs. It can be for the young professionals who are working towards their dreams, for the parents who are planning for their family’s future, or for the executives seeking to grow their financial portfolio.
It allows clients to attain the balance of being insured, while simultaneously growing their investments to support their loved ones in facing life’s challenges and pursuing dreams.
Joseph Mark Y. Ronquillo, Retail Distribution Division SVP and Product Oversight and Governance Committee chairman at Cocolife
“[Variable life insurance] is the type of product that can provide you with peace of mind and an opportunity to make your money grow over time,” explained Joseph Mark Y. Ronquillo, SVP for Retail Distribution Division and chairman of the Product Oversight and Governance Committee at Cocolife.
“In the face of pandemic and other challenges, every Filipino should consider an investment that provides not only an opportunity for your money to grow but also provides your family the income protection in case you, as the breadwinner, are taken out of the picture,” he added.
Cocolife LifeVest is the latest among Cocolife’s insurance products. As a believer and supporter of Filipinos’ capacity to conquer challenges and fulfill their dreams, Cocolife looks to help improve the lives of Filipinos through its range of quality insurance products and services.
“The products and services offered by Cocolife speak volumes in itself. These are high-quality insurance products that are tailored to the specific needs of our clients,” Cocolife President and Chief Executive Officer Atty. Martin Loon said.
“For Cocolife, it is our duty to serve our clients with the best insurance products, life and healthcare insurance, together with the 24/7 customer servicing to cater our clients’ needs, especially during these most trying times,” he added.
Cocolife is the biggest Filipino-owned stock life insurance company and the first ISO-certified Filipino insurance company. Cocolife supports its clients with their distinctive financial needs, through its comprehensive suite of products and services such as traditional life, variable life, group life, healthcare, and investments.
Cocolife LifeVest, just like the rest of Cocolife’s array of products, is made with a commitment to give Filipinos the financial freedom to live their dreams. Know more about Cocolife LifeVest at www.cocolife.com.
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