AIA Philippines recently launched AIA A+ Signature, its product that can help Filipinos create the future that they want for their family, with guaranteed benefits and cash payouts equal to 10 percent of their plan’s face amount.
“AIA A+ Signature lets you create a secure future for you or your family,” shares Tennyson Paras, Head of Products of AIA Philippines.
“This plan allows you to have an additional income stream on top of your retirement benefits when you stop workingor gift your children with cash from the payouts so they can live the life you’ve always wanted for them. If you’re looking for a product that gives guaranteed benefits–cash payouts, protection and maturity benefit–for whatever purpose in the future, then this is for you. There’s no better way to show love to your family than having a well-prepared future.”
With AIA A+ Signature, you can start receiving guaranteed cash payouts from the end of the fifth or sixth year of the plan, depending on the pay variant selected, then every two years thereafter. You can use this to save up for your future financial goals such as travel the world, buy a house or new car, or send your child to study overseas.
The product also provides double guaranteed life insurance and maturity benefits, This means that in case of untimely passing, your beneficiaries will receive a cash benefit equal to 200 percent of the plan’s face amount. Alternatively, if you reach 100 or the plan’s maturity, you will be entitled to receive 200 percent of the plan’s face amount.
What’s great about AIA A+ Signature is its flexible payment termsand non-guaranteed dividends. You have the option to choose between five, ten, or 20 years to pay. This gives plan holders the freedom to budget their payments accordingly. At the same time, the product has non-guaranteed dividends which will be provided yearly (if any), determined by AIA based on the company’s performance and earnings.
While this may be enough for some, there are optional additional riders that are available to maximize your benefits and give additional protection. These riders include Total and Permanent Disability (TPD) and Personal Accident (PA).
The Total and Permanent Disability rider allows you to have total coverage for bodily injury or disease before you reach the age of 65, while the Personal Accident rider provides an additional 100 percent benefit if the accident is due to Public Transportation or acts of Nature, whichever comes first, before the plan holder reaches age 75.
