MANILA, PHILIPPINES — AIA Philippines, formerly Philam Life, now offers Filipinos a way to financially prepare for both their mid-term and long-term goals: AIA Ascend. The leading life insurance company offers this innovative solution to provide growth and protection by helping Filipinos build toward both mid- and long-term financial goals with a single solution.
“Filipino millennials, who, not too long ago, were talking about the challenges of adulting, have now actually adulted and are preparing to level up to the next stages of their lives,” shared Melissa Henson, Chief Marketing Officer, AIA Philippines. “When we looked into what concerns Filipino consumers today, we found that many of them, especially millennials, value being able to thrive and live to the fullest in the present while building up their savings for the future. Many of them are concerned that they will have to make trade-offs between today and tomorrow, but we at AIA believe that it should not have to be an either-or situation. That’s why we developed AIA Ascend.”
AIA Ascend is tailor-fit for those who want to invest in the future but also pursue their dream life today. They can fund their children’s education and look forward to their own second degree upon retirement. They can fund “me time” and travel the world in the near term, while saving up for their dream retirement home. They can make payments toward their current home, and have funds down the line to fund their child’s wedding or further education. The new plan supports medium-term goals through annual cash payouts, and longer-term goals through a maturity benefit at age 65. AIA Ascend also offers potential bonus dividends and life insurance coverage, should the policyholder pass before the plan matures.
Empowering today while safeguarding tomorrow
AIA Ascend is designed with the flexibility to stay in lockstep with those who want to ascend to the life they want. Customers can fulfill medium-term goals and needs or fund longer-term goals to enjoy their present and secure their tomorrow.
Specifically, the new AIA Ascend plan provides a cash payout equivalent to 5% of the policy’s face amount. This payout starts at the end of the fifth year for the five-years-to-pay option and the end of the sixth year for the 10-years-to-pay option. These payouts continue every year until age 65.
In addition, AIA Ascend comes with a guaranteed maturity benefit where plan owners receive a lump sum cash benefit equal to 200% of the face amount at age 65. With the 5-pay or 10-pay variants to choose from, plus AIA Ascend’s flexible payout features, individuals get to enjoy a sense of customization to use their yearly payouts for things like travel, home upgrades, passion projects, college or post-graduate funding for their kids, investment purchases or future-proofing their dream lifestyle through a retirement fund.
Customers may also receive additional cash benefits through potential bonus dividends. While this feature depends on the chosen policy and is not guaranteed, it can serve as another avenue to save more.
A secure future for Filipinos and their loved ones
Being financially secure with AIA Ascend means protection and preparedness in the face of unexpected events. Should the policyholder pass away before the policy matures, its life insurance coverage grants the policyholder’s beneficiaries a death benefit equivalent to 200% of the face amount or the total premiums already paid minus any cash payouts already released (whichever is higher at the time of claim).
If needed, AIA Ascend plans can be crafted with optional protection riders. These include Total and Permanent Disability (TPD), Personal Accident (PA), Payor’s Term Benefit (PTB), Payor’s Benefit on Death and Disability (PBDD), and Enhanced Waiver of Premium (EWP) riders.
With AIA Ascend, AIA Philippines empowers today’s generation of customers to elevate their dreams with the best of both worlds: a quality life today and a financially secure tomorrow.
Click here to learn more about AIA Ascend, or visit the AIA Philippines website or Facebook page for more information.
