Eastwest Ageas, a fast-rising insurance company, continues its commitment to helping Filipinos find their PURpose for their peoPLE as it launches its new Life Advantage plan.
This new plan gives Filipinos financial peace of mind with a solution that offers both insurance protection and guaranteed income payouts in one.
This release comes as Project STEWARD (Study on Thoughts, Emotions, Ways, and Actions to Reach Dreams), a study conducted by Nielsen and commissioned by EastWest Ageas, results revealed that 8 out of 10 Filipinos consider financial security a major concern.
The risk of unemployment, business closure, and loss of income are difficult challenges to navigate. These already tough situations can become even more overwhelming when compounded by unexpected health emergencies or the death of a loved one. EastWest Ageas’ Life Advantage plan addresses this concern with its lifetime guaranteed payout feature, which one can enjoy starting from the end of their 6th year of the policy until age 100.
EastWest: Offering a guaranteed advantage for Filipinos
Life Advantage provides coverage equal to 200% sum insured, added support with protection boosters, flexible add-ons, and guaranteed annual income payouts of 5% of the sum insured.
To fully prepare for life’s challenges, policy owners can also customize their Life Advantage plan to cover financial assistance for hospitalization, critical illnesses, and accidental disablement or death benefits, among others.
With these, Filipinos can truly enjoy an edge in life that addresses their worries and lets them plan ahead for the people they value most. Whether it’s to protect their family, secure their retirement, ensure their kids’ education, or even leave a legacy to the next generation, anything is possible.
President and Chief Executive Officer of EastWest Ageas
For EastWest Ageas President and CEO Sjoerd Smeets, Life Advantage’s features can help Filipinos secure financial security while giving them the coverage needed for life’s unexpected situations.
“Planning your journey in life can be challenging, and we want to help more Filipinos take that step with a plan that gives back to them while they can still enjoy it,” Smeets shares.
“With Life Advantage, you get the best of a policy with guaranteed payouts and an insurance plan that covers you from life’s unexpected situations. These features can address a common worry of many Filipinos which is securing their financial stability. Truly, you get a guaranteed advantage with Life Advantage,” he adds.
Earlier this year, the company also shared the results of a recent Nielsen* study which reveals that financial stability is among the top concerns of Cebuanos. Aside from stability, the ability to provide for their families’ needs and having effective plans for their retirement and their children’s future are also some of their primary financial concerns.
With these in mind, EastWest Ageas recently affirmed its commitment to help more Cebuanos secure a “better tomorrow” for their family by providing financial solutions and services that match their needs the most. This was announced during EastWest Ageas’ company event with Cebu’s local media and select stakeholders in attendance.
Providing financial security and peace of mind
Insurance plays a crucial role in providing financial security and peace of mind, especially in today’s uncertain world. Beyond just safeguarding against life’s unpredictable events, it serves as a vital tool in helping families maintain financial stability, even in the face of adversity.
Whether it’s a sudden illness, accident, or untimely death, the financial impact on loved ones can be devastating without adequate protection.
Life insurance, such as EastWest Ageas’ Life Advantage plan, is designed to address these challenges by offering not only immediate coverage but also long-term financial benefits. The guaranteed payouts ensure that policyholders can maintain a steady stream of income, which can be crucial during difficult times like the loss of a job or a business setback.
Additionally, the comprehensive coverage for critical illnesses, accidental death, and disablement provides further peace of mind, knowing that one’s future is protected. Insurance is not just about securing oneself; it’s about ensuring that families and loved ones can continue to thrive even when the unexpected happens.
As more Filipinos recognize the importance of financial planning, having a robust insurance policy becomes an indispensable part of that process, allowing individuals to safeguard their legacy and provide for future generations.
Life Advantage empowers policyholders to live confidently, knowing that they have taken the necessary steps to protect both their present and future.
For more details on how to avail of Life Advantage and get your edge, visit www.ewageas.com.ph.
About EastWest Ageas
EastWest Ageas started its operations in 2016 and is one of the fastest-rising life insurers in the Philippines. Backed by Ageas, a leading Belgian insurer with 200 years of global expertise, and EastWest Bank’s 30 years of local banking expertise, we offer tailor-made financial solutions that fulfill your purpose for the people most important to you.
Talk to our financial consultants today. Email AskMe@ewageas.com.ph. Visit ewageas.com.ph, and follow our official Facebook and LinkedIn pages for more information.
* “EastWest Ageas Insurance claim based on research conducted by NielsenIQ via a nationwide Computer Assisted Personal Interviews (Face to Face) survey among 22-55 years old, from ABC1 & C2 households, Males/ Females, purchased a life insurance plan in the past 12 months, without rejecting purchase of any plans or intends to purchase a life insurance plan in the next 12 months. The survey was conducted from June 6 to July 7, 2023.”