FWD Life Philippines launches Set for Tomorrow, financial protection for those you leave behind

03 SEPTEMBER 2018, Manila, Philippines – FWD Life Philippines, one of the country’s fastest-growing life insurers, has introduced a series of new protection plans that can be tailored to meet individual customer needs. 

“FWD’s Set for Tomorrow will provide protection for the people we love and care about. The coverage amount and period can be customized to any personal situation and budget. Our aim is to make real and substantial protection accessible to everyone,” said FWD Life Philippines President and Chief Executive Officer Peter Grimes. 

Dubbed Set for Tomorrow, the insurance product has three variants that address the different needs to take care of those left behind should the unexpected happen—Short Term Cover, Income Protector, and Estate Protector. 

“Set for Tomorrow caters to Filipinos from 18 to 70 years of age, from young urban professionals to retirees,” Peter added. “With very basic social security, many professionals have an enormous protection gap.”

Taking responsibility to protect those you love

In today’s uncertain world, FWD’s latest insurance product is there to protect the ones you love. Three common reasons that lead to financial problems for those left behind include: 

• People have loans and accountabilities that are transferred to their family if they are no longer around. 

• Raising a family requires time and money. Also, if the breadwinner falls away, the family will still need money to continue living a life with dignity.

• People who build up wealth worry about what they leave behind and especially how to best avoid a family crisis in settling estate taxes and dividing assets. As part of any estate planning solution, long-term insurance coverage is essential to evenly share the assets and ensure those left behind feel equally treated.   

Solutions that provide guaranteed protection and give you peace of mind

FWD’s Set for Tomorrow has three variants that meet the needs of the modern Filipino. Short Term Cover is an affordable term life plan that provides guaranteed life insurance coverage for five or 10 years. 

Income Protector ensures that your family can continue their life even if you are no longer around. Lastly, Estate Protector is a whole-life plan that provides guaranteed life insurance coverage until 120 years of age.

FWD wants to guide people in fitting the right variant, protection amount, coverage period, and payment terms to the customer’s preferences and abilities. With this in mind, FWD launched online calculator “Cali”. By answering just a few questions, Cali allows you to determine the best solution for you and your budget. To find out the Set for Tomorrow plan that’s perfect for your budget and insurance needs, simply visit cali.ph/SetForTomorrow. 

FWD’s Set for Tomorrow plans are now available through FWD Life’s Financial Wealth Planners. Interested customers may call the 24/7 FWD Customer Connect Hotline at (02) 888-8388 or chat with a Customer Connect Executive via FWD’s 24/7 Live Chat (www.fwd.com.ph) to set an appointment. The plans will also soon be available at all branches of Security Bank, FWD’s bancassurance partner.

About FWD Philippines

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

Media Inquiries:
FWD Life Insurance Corporation
Rochelle R. Vandenberghe
Head of Marketing
FWD Life Philippines
(E) rochelle.vandenberghe@fwd.com
(T) +63 2 5587306