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MACTAN, Cebu — Insular Life (InLife), the country’s first and largest Filipino life insurance company, is looking to recruit 400 new financial advisors from Cebu as it expands its business in the Visayas.
“All in all, we are planning to sign up 712 new financial advisors from the Visayas this year,” said Raoul E. Littaua, president and chief cxecutive officer, InLife.
Littaua, along with top InLife executives Gae Martinez, chief marketing officer, and Josephine Manankil-Gonzales, head of Business Development, attended the InLife media roundtable held at Acqua in Shangri-La Mactan that focused on the company’s expansion plans in the islands.
To complement the growth of its agency network, InLife has also opened an office in Mactan. The new InLife office is located at M.L. Quezon Avenue corner Patalinghug St., Lapu-Lapu City. This is its 55th branch in the country.
Littaua further shared that InLife’s new financial advisors will benefit from the new InLife Agency Model (I AM), which provides a more flexible agency structure and the most rewarding compensation package in the industry to date. Foreign travel opportunities are also a part of InLife’s comprehensive agency recognition program.
“We’re excited to welcome and bring more opportunities for the Cebuanos. We have been here in Cebu for 84 years now. We recognize the strength and potential of Cebu to become a financial hub,” he added.
Meanwhile, he also introduced the latest offering of the company. Wealth Assure Plus (WAP), a customizable life insurance product with investment components that provide policyholders with “a higher protection benefit equivalent to a minimum of 10 times the annual regular premium or their policy’s fund value, whichever is higher.“
The insurance product also has a higher fund growth because of its low insurance cost and different local and global investment outlets. It may be personalized through the attachment of riders, and policyholders have the freedom to choose their preferred payment options.
I AM and WAP were introduced this year to cater to the needs of agents and policyholders during uncertain times.
“Having been in the industry for 112 years, InLife knows that our customers’ priorities change over time. Both I AM and WAP were developed as a result of their new outlook after the pandemic and other developments around the world,” Littaua revealed.
Apart from its branches across the country, InLife products can be accessed through the nationwide network of its Bancassurance partner, UnionBank of the Philippines, and its wholly-owned subsidiary, City Savings Bank.
“By expanding our business in the Visayas and other key cities in the country, we hope to bring new earning opportunities to more people, especially to young millennials and members of Generation Z. This expansion also aims at bringing InLife’s high-value financial products to more Filipinos, so that they
can secure their future while fulfilling their dreams,” he concluded. (/)
About The Insular Life Assurance Company, Ltd.
Insular Life (InLife) is the first, largest, and only mutual Filipino life insurance company in the country with over 111 years of uninterrupted service. We apply over a hundred years of experience in financial protection, risk management, savings, and investment to help you make confident decisions for you and
your loved ones.
As a mutual life insurance company, our accountability is to our policyholders. They can be assured of being protected by a company that has an asset base of over Php154 billion and net worth of Php47.8 billion.
We have a nationwide presence through our 55 branches all over the country, and an expanded digital footprint to serve our customers, wherever and whenever they want. Our success is anchored on the well-being and security of our policyholders and beneficiaries, employees and financial advisors, partner
companies and institutions, and host communities as we exist to offer a lifetime for good for everyone.
For more information, visit http://www.insularlife.com.ph.