InLife’s retirement plan guarantees monthly payout

The plan also includes a life insurance component.

Philippines’ Insular Life (InLife) launched “InLife Retire Assure”, the Philippines’ first retirement insurance product offering guaranteed monthly income from age 60 to 100.  

InLife Retire Assure provides guaranteed monthly cash payouts starting at age 60 or 65, which can be enhanced by cash dividends that potentially increase over time to help offset rising living costs. 

Policyholders contribute premiums over a defined period—five or ten years, or until age 59 or 64—with options for annual, semi-annual, quarterly, or monthly payments.  

According to the Bangko Sentral ng Pilipinas, 80% of Filipinos aged 60 and above lack sufficient financial resources after retirement. 

Those receiving pensions from the Social Security System (SSS) or Government Service Insurance System (GSIS) rely on average monthly payouts of ₱5,123 and ₱18,525, respectively—amounts often insufficient to sustain a comfortable lifestyle.  

The plan also includes a life insurance component with a guaranteed issue offer, eliminating the need for medical evaluations regardless of health condition. 

Payouts are deposited into the policyholder’s peso bank account of choice.