Manila, Philippines — International financial services provider Manulife is delighted to launch WealthOne, a comprehensive single-pay variable life insurance plan that enables Filipinos to grow their wealth and preserve their legacy by investing in a wide variety of funds that fit their preferences and goals.
WealthOne provides customers with flexible life insurance coverage that can go as high as 500% of their single premium*, and a guaranteed start-up bonus equal to 1.5%. In addition, customers can boost their coverage by adding protection benefits and they can also choose from a wide range of local and global investment funds to diversify and maximize their earning potential. WealthOne also offers a hassle-free policy application experience, with no medical requirements needed as long as certain conditions and limits are applied.
"We have launched WealthOne to cater to the growing number of Filipinos who have achieved success in their careers, businesses and other endeavors, and who now want to ensure that their loved ones and succeeding generations will benefit from their legacy," said Rahul Hora, President and Chief Executive Officer, Manulife Philippines.
Also available for Manulife China Bank Life customers, WealthOne has been designed for long-term investors such as: thriving professionals looking to grow their wealth through a diversified portfolio of assets; high net-worth individuals with acquired assets who are interested in estate planning; and business owners looking for practical solutions to ensure business continuity.
“WealthOne aims to match Filipinos' protection needs while helping them grow their money so they can achieve their financial aspirations,” said Neil Bowyer, President and CEO of MCBL.
Through WealthOne, customers can also choose from a wide range of local and global funds to maximize their earning potential. Those funds include the recently launched Global Market Leaders Fund, which aims to achieve capital growth by investing at least 80% of its assets in a concentrated portfolio of equities of large-capitalization companies listed globally.
*Terms and conditions apply
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website and following them on Facebook (), Twitter (@ManulifePH), and Instagram (@manulifeph).
Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2021, we had more than 38,000 employees, over 119,000 agents, and thousands of distribution partners, serving over 33 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.