The importance of legacy planning​
Legacy planning is a way of ensuring financial security for future generations, reducing the tax burden on heirs, and leaving a lasting impact.
A strategic and well-prepared legacy planning can make inheritance or business transfer smoother and minimize conflicts between family members, loved ones and beneficiaries.
Reduce your​ tax payment​
Use your insurance policy to pay for estate tax, and pass on your legacy estate intact.
Determine your taxable estate​
Example:
Your taxable estate is worth around PHP 330M.
Based on Philippine tax laws, prescribed estate tax is at 6% of the taxable estate.
Your estate tax in this case is equivalent to PHP 20M
This is not intended to serve as legal advice.
Death benefits are usually exempt from taxes.
This is a sample illustration, amounts may vary.
Build a ​larger inheritance​
Safeguard your estate while growing your inheritance fund at the same time.
Invest in life insurance​ and choose a coverage amount that will further grow your inheritance fund.​
Example:
You currently have PHP 20M. A portion of this may be invested in an insurance policy with a PHP 40M coverage amount.
After your passing, your beneficiaries will receive the PHP 40M after submitting complete claim requirements.
This is not intended to serve as legal advice.
Death benefits are usually exempt from taxes.
This is a sample illustration, amounts may vary.
Enjoy retirement​
Maximize your retirement fund and plan for your inheritance fund. It doesn’t have to be one or the other - you can do both!
Get an insurance policy that covers your inheritance fund ​
Example:
Your estate is worth PHP80M
Get an insurance plan with a total premium of PHP24M (PHP 8M each) that will leave PHP20M each to three beneficiaries after your passing
This is a sample illustration, amounts may vary.
Protect your business
Strategize your plan for your family business. Ensure that the business is passed on to original business owners.
Get insurance policies for business owners to ensure business continuity if one of them passes away.
Example:
3 siblings who equally own a business can get a life insurance policy with coverage amount equivalent to their shares. This amount will be used keep the business running and to keep the shares within the 3 of them only.
This is not intended to serve as legal advice.
This is a sample illustration, amounts may vary.
Equalize inheritance
Distribute your properties, cash, or businesses evenly
Get an insurance policy that will complement the value of your existing properties or businesses ​
Example:
You have two properties you want to leave to your two children, but the properties are not of equal value – one is worth PHP 30M and the other is worth PHP 20M
Assign a property to each of your children, and purchase an insurance plan worth PHP 10M to add to your property worth PHP20M
Protect your non-traditional heirs​
Ensure the future of all your children are secured, regardless of their legitimacy
Get an insurance policy with a death benefit that allows you to leave an equal inheritance fund among legitimate heirs and illegitimate children​
Example:
Your estate is worth PHP100M and you want to ensure this is evenly distributed among your spouse and your two children, plus your two non-marital children
By law, your estate will be split this way:
- 75% will go to your spouse and two children evenly (worth PHP25M each)
- the remaining 25% will go to your 2 non-marital children (worth PHP12.5M each)
To equalize the inheritance of all your heirs, get an insurance plan worth PHP25M to complement the inheritance your non-marital children will receive
This is not intended to serve as legal advice.
This is a sample illustration, amounts may vary.
Find an insurance plan that suits your needs
Experience Gold Rush
This life protection and investment plan accelerates growing your wealth while securing your estate.
Get All Set Higher (Available in PhP or USD) for a single premium of PhP 10M or USD 180K, and customize it with FWD Nitro or Velocity Global Payout funds to get quarterly income deposited straight to your bank account.
Enjoy exclusive FWD Prominence benefits
VIP Hotline
Special Invites to events
Leather policy pack
