Insular Life (InLife) introduces InLife’s Retire Assure, the country’s first retirement insurance product offering guaranteed monthly income from age 60 to 100.

Designed to simplify retirement planning, InLife Retire Assure addresses a critical gap in financial preparedness among Filipinos. Studies from the Bangko Sentral ng Pilipinas reveal that 80% of Filipinos aged 60 and up struggle to cover living expenses post-retirement. Even with pensions from the Social Security System (SSS) or Government Service Insurance System (GSIS), averaging only P5,123 and P18,525 respectively, many find it challenging to sustain their lifestyle.

InLife Retire Assure ensures financial stability by providing guaranteed monthly payouts starting at retirement age. These payouts are further enhanced by cash dividends, which have the potential to grow over time, helping retirees keep up with rising living costs.

“Advances in medicine and science mean Filipinos live longer, potentially 30 to 35 years beyond retirement,” said Gae L. Martinez, InLife’s Chief Marketing Officer. “Yet, few are confident about their financial wellness during these extended years. Through Retire Assure, we aim to provide a secure and comfortable retirement for those who have worked hard and contributed to our nation’s growth.”

The plan offers flexible premium payments, ranging from five or ten years to age 59 or 64, with options for annual, semi-annual, quarterly, or monthly contributions. Payouts are conveniently transferred to a designated peso bank account.

In addition to retirement benefits, InLife Retire Assure includes a life insurance component with guaranteed issue coverage, eliminating the need for medical evaluations regardless of health status.

“Retirement should be a time to enjoy life—reconnecting with friends, pursuing hobbies, traveling, or contributing to social causes—without the fear of outliving savings or burdening loved ones,” Martinez added.

For more information, visit InLife Retire Assure or consult an InLife Financial Advisor.