Bdo Life Insurance: What You Need To Know

BDO Unibank, Inc. offers life insurance through its subsidiary, BDO Life Assurance Company Inc. BDO Life provides a range of life insurance products, including variable life insurance funds and traditional life insurance plans, to meet the diverse needs of its clients. The company's financial advisors assist individuals in securing their future and that of their families by offering protection, education, savings, retirement, and estate planning solutions. With a large sales force and a focus on cross-selling, BDO Life aims to facilitate client referrals and accelerate insurance product sales.

BDO Life Assurance Company Inc

BDO Life's insurance products are designed to offer protection, education, savings, retirement, and estate planning solutions. The company's comprehensive term life insurance plans cater to both individual and corporate clients, ensuring that their loved ones and businesses are safeguarded in the event of unforeseen circumstances. With a dedicated team of over 850 financial advisors and sales managers, BDO Life is committed to assisting customers in finding the right insurance plan for their specific needs.

BDO Life offers a variety of life insurance funds, including variable life insurance plans. These funds provide customers with flexibility, allowing them to choose investment options that align with their unique risk profiles and time horizons. The funds are professionally managed by experienced fund managers from BDO, ensuring that policyholders' money is carefully invested and managed.

Among the benefits of choosing BDO Life Assurance for your life insurance needs are guaranteed lump-sum maturity benefits, guaranteed life insurance protection, guaranteed cash payouts, and yearly policy dividends. Additionally, BDO Life offers non-forfeiture options, such as Reduced Paid-Up Insurance and Premium Loan, providing customers with added financial security and flexibility. The company also extends additional protection through optional Riders, which can include accidental death benefits, disability benefits, and waiver of premiums due to disability.

With its comprehensive range of life insurance products, dedicated financial advisory team, and focus on customer security, BDO Life Assurance Company Inc. is committed to helping Filipinos protect their families, achieve their financial goals, and build a secure future.

Comprehensive term life insurance protection

Term life insurance is a simple and pure form of life insurance that provides coverage for a specific time period, often until a change in employment status such as retirement. It offers a financial benefit, or sum assured, to your chosen beneficiary in the event of your death during the policy term. This benefit can help cover standard living expenses, funeral costs, and ongoing financial obligations such as education fees and mortgage payments.

BDO Life Assurance Company, Inc., a subsidiary of BDO Unibank, offers comprehensive term life insurance protection for its clients. With a team of over 850 financial advisors and sales managers, BDO is well-equipped to help you find the right insurance plan for your needs. Their range of life insurance products includes both traditional and variable life insurance options, ensuring that you can find a plan that suits your unique circumstances.

When choosing a term life insurance plan, it is important to consider your financial responsibilities and goals. Assess your current income, monthly expenses, and future expenses, such as your child's education or spouse's retirement. By doing so, you can ensure that your chosen plan provides sufficient coverage for your loved ones. Additionally, consider the different riders, or add-ons, available with term life insurance plans. These can include critical illness coverage, accidental death benefit, and disability benefit, among others, providing enhanced financial protection for you and your family.

In summary, comprehensive term life insurance protection offers financial security for your family during your working years and beyond. By choosing a suitable plan and considering additional riders, you can ensure that your loved ones will be financially stable and protected in the event of your death.

Variable Life Insurance Funds

Variable life insurance is a type of permanent life insurance policy that offers a death benefit to your beneficiaries when you pass away. It is designed for individuals who intend to actively monitor their life insurance, can afford to invest a substantial amount upfront, and are willing to accept stock market risk in exchange for higher returns.

BDO Life Assurance Company, a subsidiary of BDO Unibank, offers a range of life insurance products, including variable life insurance. The company's financial advisors can assist customers in selecting the most suitable insurance plans for their needs and circumstances.

Variable life insurance combines life insurance with an investment component, typically in the form of mutual funds. The unique feature is that the cash value of the policy is invested in various asset options, which may include stocks, bonds, or mutual funds. This introduces an element of volatility, as the value of the investments may fluctuate over time. Consequently, variable life insurance carries more risk compared to standard life insurance policies.

BDO Life offers a selection of Variable Life Insurance Funds, providing customers with a range of investment options. These include funds such as the Dollar Diversity Balanced Fund (USD Balanced), Dollar Diversity Growth Fund (USD Equity), Peso Moderate Fund (Balanced), Peso Dragon Equity Fund (Equity), and Peso Standby Fund (Money Market).

When considering variable life insurance, it is essential to carefully review the associated costs, fees, and risks. While these policies offer the potential for higher returns, they also carry the risk of investment losses. Consulting a financial advisor or a fee-only life insurance consultant can help individuals make informed decisions about variable life insurance and ensure it aligns with their financial goals and risk tolerance.

Financial readiness

BDO Life Assurance Company, a subsidiary of BDO Unibank, provides a diverse pool of life insurance products tailored to individual client needs. With a team of over 850 financial advisors and sales managers, BDO helps you choose the right insurance plan for you, giving you peace of mind.

BDO Life's range of products includes traditional and variable life insurance plans. Traditional plans offer guaranteed benefits such as a lump-sum maturity benefit, life insurance protection, cash payouts, and yearly policy dividends. Variable life insurance, on the other hand, acts as both a long-term savings and investment tool, offering higher potential returns. With variable life plans, you can choose which fund to place your money in based on your risk profile and time horizon.

Additionally, BDO Life provides protection for unexpected events with options like Accidental Death Benefit, Accidental Death and Disability Benefit, and Waiver of Premium Due to Disability. BDO also offers non-life insurance through BDO Insure, covering travel, health, and pet insurance.

To help you determine your financial readiness, BDO's website provides a simple quiz to assess how prepared you are for life's "what ifs." By connecting with a BDO financial advisor, you can take control of your financial future and ensure you have the right plan in place.

Insurance plans

BDO Unibank, through its subsidiary BDO Life Assurance Company, offers a range of insurance products to cater to the diverse needs of its clients. The company's primary goal is to provide peace of mind and protection for individuals and their families.

BDO Life's insurance plans are designed to offer comprehensive protection, coupled with savings and investment opportunities. The company provides a guaranteed lump sum maturity benefit, guaranteed life insurance protection, and guaranteed cash payouts. Additionally, policyholders can benefit from yearly policy dividends, a maturity date option of 20 years, and non-forfeiture options.

The Variable Life Insurance Funds offer a unique blend of protection and savings, allowing policyholders to potentially achieve higher returns. These plans offer guaranteed life insurance protection and act as a long-term savings tool. One of the key advantages of these plans is the flexibility to choose where to allocate funds based on individual risk profiles and time horizons. Policyholders can also access investment vehicles typically not available to an individual investor, managed by professional fund managers from BDO's Trust and Investments Group.

The specific funds offered by BDO Life include a diverse range of options catering to different currencies and risk profiles. The Dollar Diversity Balanced Fund (USD Balanced) and the Dollar Diversity Growth Fund (USD Equity) offer exposure to US dollar-denominated investments, while the Peso Moderate Fund (Balanced) and Peso Dragon Equity Fund (Equity) are designed for those preferring to invest in Philippine pesos. Additionally, BDO Life provides the Peso HealthTech Fund (Global Equity), which focuses on global equity investments in healthcare technology.

With a dedicated team of over 850 financial advisors and sales managers, BDO Life is committed to helping clients find the right insurance solutions and ensuring a secure future for themselves and their loved ones.

Frequently asked questions