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6 BEST Retirement Insurance In The Philippines

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    Are you looking for the BEST Retirement Insurance In The Philippines?

    Retiring is a time to enjoy all the hard work and sacrifices you’ve made over the years. But how do you enjoy and feel safe in your retirement? One option is to ensure that you have a retirement insurance policy in the Philippines. Therefore today, we will be going over the best retirement insurance in the Philippines to give you that added peace of mind.

    Best Retirement Insurance Philippines

    1. AXA Retirement Insurance: Retire Smart

    Best For Younger Filipinos

    AXA is one of the best retirement insurances in the Philippines. The policy aims to maximize your money’s growth before transitioning your capital into less volatile investments as retirement approaches. Unfortunately, this type of retirement insurance is not for those already retired but offers a unique opportunity for younger Filipinos looking for insurance protection.

    AXA’s Retirement Insurance Benefits

    • Clear Policy Definitions
    • Customized Protection
    • Easy And Straight Forward Terms And Conditions
    • Includes Life Insurance Coverages
    • Option Two Enhance Your Protection

    How To Start With This Retirement Insurance

    The most straightforward way to begin an AXA retirement smart policy is to head to their website and fill out the application form. Once the form is submitted, an AXA representative will contact you for further discussion. You can also consult an advisor directly on their online system.

    2. Manulife Retirement Insurance: Manulife Freedom

    Best for lump sum payment

    Manulife is another fantastic retirement insurance option in the Philippines. The freedom policy aims to help policyholders save in the long term by giving regular guaranteed payouts and one lump sum payment at age 65. Similar to other types of insurance, the policy is flexible and can be adapted to your specific needs, making it one of the best retirement insurance in the Philippines.

    Manulife’s Retirement Insurance Benefits

    • Added Extras
    • Dividend Earnings (Includes Extra Income You Can Reinvest Or Withdrawal)
    • Guaranteed Cash Value
    • Guaranteed Lump Sum At The End Of The Policy
    • Includes Life Protection Coverage Up To The Age Of 65

    How To Start With This Retirement Insurance

    The simplest way to get started with Manulife’s retirement insurance in the Philippines is to talk to a financial advisor. This can be completed by heading to their website and filling in the relevant form. From there, you will be able to learn more about the policy and the terms and conditions of the retirement insurance.

    3. Sunlife Retirement Insurance: Prime

    Best general retirement insurance for Filipinos

    One thing you’ll notice about Sunlife’s policies is that they have several different options for all different types of customers. For example, their main retirement insurance in the Philippines is the Sun Maxi Link Prime which can cover you up to the age of 88. Alternatively, another popular coverage is the Sun Smarter Life Elite which can cover you up to the age of 100!

    Sunlife’s Retirement Insurance Benefits

    • Affordable Plans And Flexible Investment Options
    • Can Cover You Up To The Age Of 100
    • Includes Other Types Of Insurance Such As Health Coverage
    • Several Policy Types For Different Types Of Customers
    • Sun Life Has Several Different Payment Terms Across Their Policies

    How To Start With This Retirement Insurance

    You can begin your retirement insurance with sun life in several different ways. First, you can contact them directly or speak to their financial advisers via the online chat options. Alternatively, clicking on any of their policies and filling in the online form will allow you to talk to an advisor to know more about their products.

    4. Insular Life Retirement Insurance: Wealth Assure Retirement

    Best retirement insurance for added extras

    Insular Life has 2 different retirement insurance options in the Philippines. 1, Wealth Assure Retirement, and 2, Wealth Secure Retirement. Both of their retirement plans are very similar, but added extras are slightly less with Wealth Secure Retirement, and Wealth Assure Retirement includes more benefits for customers in general.

    Insularlife’s Retirement Insurance Benefits

    • Can Include Additional Extras Such As Hospital Care, Accidental Death, Etc.
    • Diverse Payment Options
    • Experience Retirement And Investment Advisors
    • Includes Life Insurance Coverage
    • Investment Flexibility

    How To Start With This Retirement Insurance

    To begin the retirement insurance process, head to Insular Life and select which policy you are interested in. You will see a talk to an advisor section at the bottom of the page. This is the most straightforward way to begin Insularlife’s retirement insurance policy.

    5. Allianz & PNB Retirement Insurance: Azpire Peak

    Best retirement options for flexibility

    Allianz & PNB Policy focuses on retirement peace of mind. Unfortunately, even though they offer some unique retirement investment options, they are not the most diverse in terms of policies. Nevertheless, they offer a reliable retirement fund in the Philippines and an additional income stream.

    Allianz & PNB’s Retirement Insurance Benefits

    • Can Allocate Parts Of Your Fund To Investments
    • Includes Additional Loyalty And Premium Bonuses (Discounts)
    • Policy Holders Can Switch Funds 4 Times For Free Per Year
    • Secure And Safe Retirement Policy
    • Withdrawal Fund Earnings By The Age Of 50 To 85

    How To Start With This Retirement Insurance

    Head over to https://insight.allianzpnblife.ph/fna, and you will find a simple interactive site that will find the perfect policy based on the information provided. From there, you can speak to a financial advisor from the team.

    6. AIA & BPI Retirement Insurance: Future Protect

    Best for lower premiums (in general)

    So is the AIA BPI the best retirement insurance policy in the Philippines? For some customers, the answer may be yes. The policy has an issuing age of up to 58 years. And the life insurance coverage is until the age of 70. What’s more impressive is that their policy is available for as low as 20,000 pesos a year.

    AIA & BPI’s Retirement Insurance Benefits

    • Clear Policy Terms And Conditions
    • Expert Financial Advisors And Support
    • Guaranteed Growing Life Insurance Coverage
    • Includes Flexible Payment Terms
    • Policyholders Can Decide When To Receive Their Cash Payouts (55,60,65 Or 70)

    How To Start With This Retirement Insurance

    To get started with this retirement insurance option in the Philippines, you can head to the relevant retirement saving plan and contact them via the online chat option at the bottom of the page. Alternatively, you can contact them directly for assistance via e-mail or telephone number.

    What You Need To Know About Retirement Insurance Philippines

    When you start a retirement insurance policy in the Philippines, you need to consider many things to ensure that you get the best possible coverage and the biggest benefits from your retirement insurance policy.

    The Investment Options

    One of the most important factors is your investment options. Some insurance policies in the Philippines allow you to change investments and have much more flexibility than others. In addition, most financial advisors look at the bigger picture and can explain investment options. Still, it’s recommended to research or contact an independent financial advisor if you are considering moving your investment funds.

    The Added Extras

    The best retirement insurance options in the Philippines all include added extras. These could be things such as a discount on premiums, life insurance, etc., as a policyholder; there may be extras you need or don’t need. You may find a retirement insurance option that offers fewer added extras but is more suitable and cost-effective for you and your needs.

    The Service Vs The Costs

    The services and the costs are also important factors when looking at the best retirement options for Filipinos. You may find some services are very important to you and therefore the extra premium is justified. Nevertheless, if services are not key, you may find other insurance policies more suitable for your needs at a much lower price.

    The Small Print

    One of the most important areas to consider when choosing a retirement insurance option in the Philippines is the small print. The small print includes the terms and conditions. This doesn’t necessarily mean anything negative; there are also important things that are positive and good to know.

    For example, the AZpire Peak retirement options by Allianz & PNB include a premium holiday every 10 years.

    The small print covers other areas such as the investment and the risk level. Even though retirement policies in the Philippines are designed for protection, there are always risks involved in any investment. Therefore, financial advisers recommend reading through the small print before choosing retirement insurance in the Philippines.

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