FWD launches Set for Life Plus amidst career uncertainty

More Filipinos are delaying traditional life choices such as marriage and parenthood.

FWD Life Insurance (FWD Philippines) has launched Set for Life Plus, an investment-linked insurance plan that combines life protection.

According to the Philippine Institute of Development Studies, 30% to 40% of the employed workforce are in jobs unrelated to their degrees, the insurer noted in a press release. 

At the same time, more Filipinos are delaying traditional life choices such as marriage and parenthood due to evolving aspirations and economic conditions.

Set for Life Plus offers life protection with a Start-up Bonus of up to 25%. 

It includes a one-time Guaranteed Milestone Increase that can be activated when the policyholder reaches specific milestones such as marriage, childbirth, graduation, property acquisition, retirement, or the policy’s 10th anniversary.Additional features include a 

Loyalty Bonus in the 10th year and every five years thereafter, as well as a 2% Premium Extension Bonus for continued premium payments beyond the required period. 

The policy also includes accidental death coverage and premium waiver benefits. Policyholders can further customise their plan by adding coverage for hospital cash benefits, critical illness, and extra life protection.