Cocolife’s newly launched LifeVest offers a unique take on life insurance. The investment-linked insurance plan offers both extensive protection coverage and high-investment earning potential. Launched this February, Cocolife LifeVest allows Filipinos to achieve the perfect balance between growing their investments and protecting their families from financial burdens.
This policy offers two levels of protection for clients. It helps protect families through the plan’s increased benefit options. The Single Pay variant provides protection equivalent to 200% of the single premium. Meanwhile, the Limited Pay variant gives policyholders seven times the annual premium in protection coverage.
Policyholders can also customize and enhance their plan according to their needs through attachable riders such as Accidental Death & Dismemberment, Waiver of Premium Upon Disability, Critical Illness Benefit, and Payor’s Benefit Rider Due to Payor’s Death or Disability. Whereas other insurance products have a strict age limit for policyholders, LifeVest provides coverage for people up to the age of 100 years old.
Apart from life insurance, LifeVest also offers one of the fastest and highest fund accumulations to policyholders. The Limited Pay variant has one of the highest projected investment earnings over a 20-year duration compared to other products in the market.
This two-pronged approach provides maximum protection for clients’ futures. LifeVest offers financial security by growing investors’ money, while ensuring their families’ protection in these uncertain times. And with the low minimum annual premium at P30,000, it’s one of the most affordable plans Filipinos can avail of.
“In the face of a 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,” says Joseph Mark Y. Ronquillo, SVP for Retail Distribution Division and Chairman of Cocolife’s Product Oversight Governance Committee at Cocolife.
Demand for life insurance amidst the pandemic is high, driving up prices for most providers. Cocolife, in line with their vision of serving the Filipino people, is one of the first companies in the market to offer flexible options at affordable rates. Plans like Cocolife LifeVest empowers Filipinos to take charge of their protection and investment.
“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,” explains Cocolife President and CEO Atty. Martin Loon.
Since the onset of the COVID-19 pandemic, Cocolife has advocated for providing opportunities for Filipinos through financial and health security. Tailoring their products to cater to the unique and changing needs of their clients, the company continues to give Filipinos the tools to fight the crisis.
“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 to our clients’ needs, especially during these trying times,” adds Atty. Martin Loon.
Cocolife is the biggest Filipino-owned stock life insurance company, and the first ISO-certified Filipino life insurance company. To learn more about LifeVest and other Cocolife plans, visit www.cocolife.com and follow www.facebook.com/cocolifeofficialpage.