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In partnership with FWD, Security Bank offers traditional & investment-linked life insurance products to cater to your financial needs.
Why Should I Get Life Insurance?
Long Term Investment
Start saving
for retirement.
Education
Help your children
achieve their dreams.
Family Protection
Secure your
family’s finances.
Emergencies
Get coverage
for emergencies.
FWD’s Peace Plan gives you ₱1 Million coverage from acts of terror for only ₱6 a day.
Choose a plan that suits your lifestyle!
Variable Unit Linked (Insurance with Investment)
Set for Life VUL
Minimum Annual Premium: As Low As P18,000
Payment Terms: 5, 7, 10 Years or Whole Life
Coverage: Up to 100 years old
All Set Higher VUL
Minimum Single Premium: P1,000,000
Payment Terms: One Time
Coverage: Up to 100 years old
US Dollar All Set Higher VUL
Minimum Single Premium: $20,000
Payment Terms: One Time
Coverage: Up to 100 years old
Other products to choose from
Protection Plans
Fight Plan
Minimum Annual Premium: As Low As P6,000
Payment Terms: 5 or 10 years
Coverage: 15 years from issuance
Set for Health
Minimum Annual Premium: As Low As P12,000
Payment Terms: 5, 10, 20 Years
Coverage: Up to 75 Years of Age
Peace Plan
Minimum Annual Premium: Personal P2,000
Payment Terms: Renewable yearly
Coverage: 1 year from issuance
Compare Products
| Set for Life VUL | All Set VUL |
All Set Higher VUL
|
US Dollar All Set Higher VUL | Fight Plan | Set for Health | Peace Plan | |
|---|---|---|---|---|---|---|---|
| Minimum Annual Premium | P18,000 for 10 years or Whole Life1, P30,000 for 5 or 7 years | P100,000 | P1,000,000 | US $20,000 | As low as P6,000 per year2 | As low as P12,000 per year2 | Personal Peace: P2,000 Family Peace4: P3,000 |
| Payment Terms | 5, 7, 10 years, or Whole Life1 | One-time | One-time | One-time | 5 or 10 years | 5, 10 or 20 years | Renewable yearly |
| Age of Eligibility for the Insured | 15 days old to 70 years old | 15 days old to 75 years old | 15 days old to 75 years old | 15 days old to 75 years old | 18 years old to 60 years old | 5-pay option: 15 days to 60 years old 10-pay option: 15 days to 55 years old 20-pay option: 15 days to 45 years old |
Personal Peace: 18 years old and above Family Peace: Covers the Policy owner who should be 18 years old and above, his/her spouse, and his/her children below 18 years old. |
| Coverage | Up to 100 years old | Up to 100 years old | Up to 100 years old | Up to 100 years old | 15 years from issuance | Up to 75 years old | 1 year from issuance |
| Investment linked | |||||||
| Loyalty Bonus | after the 10th year and every 5 years thereafter | after the 10th year and every 5 years thereafter | after the 10th year and every 2 years thereafter | after the 10th year and every 2 years thereafter | |||
| Optional Riders to maximize protection (add on) | |||||||
| No Medical Exam | |||||||
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1. Whole Life VUL means paying period is until age 99.
2. Premium amounts depend on the Insured’s Age and Profile.
3. Waives future premium payments upon diagnosis of the first major critical illness.
4. Family Peace covers the Policyowner, his/her spouse, and his/her children below 18 years of age.
Add-On Benefits You Can Choose From
(Only for Set for Life VUL and All Set VUL)
Life Assist Benefit
With just one rider, get 7 additional protection benefits to support your loved ones in case of illness or death
Accidental Death Benefit
Get benefits in case of accidental death. If it occurs on a Philippine Public holiday, get thrice the benefit.
Hospital Cash Benefit
Guaranteed amount for each day that you are confined. If ICU confinement, get twice the benefit.
Critical Illness Benefit
Get one-time payment on any of the 38 defined illnesses (e.g. cancer, stroke, heart attack, renal failure).
Waiver of Premium Benefit
You are covered in case of death, permanent disability or if found to have any of the 38 defined illnesses.
Available Underlying Investment Funds for VULs
About FWD
FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > 2017 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums
Frequently Asked Questions
1. What are Variable Unit-Linked (VUL) insurance products?
VUL insurance products are life insurance products with an underlying investment component. Similar to traditional life products like the FWD Fight Plan, these VUL products provide coverage, benefits, and sum assured in case of defined events, such as death, disability, etc. However, VUL insurance products also provide the opportunity to earn returns of money invested in FWD’s Investment Funds. Part of the premium paid by the owner of the insurance covers the benefits of the policy contract while the remaining are used to purchase units of participation in the insurer’s selected investment funds.
With Security Bank and FWD, customers can choose to place the investment component of their VUL insurance products in 8 different funds.
2. Are there any risks involved in purchasing VUL insurance products?
The policy coverage in itself does not entail any risk on the part of the purchaser of the VUL product. However, because the product has an underlying investment in investment funds, which are highly dependent on the performance of the market, the amounts invested are not guaranteed of returns and are at risk of loss. The VUL insurance products are not deposit products and are not covered by the Philippine Deposit Insurance Corporation.