10 Best VUL Insurances in the Philippines 2024 | Pru Life UK, Sun Life, and More

Pru Life UK pioneered VUL insurance in the Philippines, which is clear in their well-designed PRULink Assurance Account Plus insurance plan. Essentially, it's a VUL insurance plan that will help you achieve financial growth while giving you maximum protection coverage with affordable premiums. 

It comes with a variety of core benefits, including a death benefit, maturity benefit, accelerated total and permanent disability, and accidental death and disablement benefit. This means that it will protect you against freak accidents, as you will receive a cash payout deducted from your base plan and paid in advance in case of sudden sickness or injury.

You can also avail of optional benefits, including protection from critical illnesses. With this, you will receive cash payouts in case of diagnosis and/or surgery, depending on the terms that you avail. There's also an optional benefit for protection against hospital expenses.

Catering to millennials, this VUL insurance has a lot of convenient features that allow you to easily grow, protect, and access your money. It has pocket-friendly payment terms that you can control, meaning you can pay your premiums annually, semi-annually, quarterly, or even monthly. You can also boost your plan anytime.

This means that you can level up your investments, so you don't have to take out new policies or invest instruments if you have a lot of extra cash. This plan also allows you to easily withdraw from your funds anytime. Plus, if you withdraw twice a year in the 5th year of your policy and onwards, it will actually be free of charge!

When you invest, there's always a chance of high returns, which will help you to build funds for different needs and wants, like your child's education. With Sun Life's suitable investment options and professional fund management, you can choose from different fund investment options that will allow you to grow your money according to your risk appetite.

As your investment matures, it can help meet your children's school expenses and allow you to get them the best quality education available. Meanwhile, for emergencies or urgent expenses, you can add additional protection from contingencies or make partial fund withdrawals to help you get some cash on hand.

Investing in the global market can cost hundreds of thousands or even millions, but it doesn't have to, not with the affordable cash out that Insular Life's Wealth Secure Global offers. It only requires a minimum annual premium of Php 50,000, making it perfect for young professionals and those who are just starting out. 

But even though it's more affordable compared to others, it has great features such as life insurance benefits that amount to 5x your regular premium on top of the accumulated fund value. It also offers various additional benefits that you can maximize. 

For instance, it includes a waiver of premium benefit that waives all regular premiums in case of a disability that has been going on for 6 months due to an accident or sickness. It also has other optional health and hospitalization benefits.

Manulife has gone above and beyond to help you secure every stage of your life, offering rewards to boost your plan. You will get rewards or bonuses added to your fund for paying on time, topping up your premium, and staying loyal to help your money grow and your investments prosper.

You can also ask your financial advisor about the different options you have to boost your plan with other add-on protection benefits to better secure your future. With Manulife's expertly-managed funds, you will have access to local and global growth opportunities to help you get the future of your dreams for yourself and your family.

The Set for Life Investment covers all the bases of a good VUL insurance, having death and living benefits and flexible payment terms. You can actually choose whether you want a 5-year, 7-year, 10-year, or yearly payment plan. But the greatest thing about this insurance is that you can personalize it to cater to your specific needs.

You can choose from different policy add-ons to add a layer of assurance to your insurance policies. Some examples of add-ons that FWD Insurance offers are RecoveryPro for help during unexpected hospital stays and SurePro for Owner, which means future premiums will be waived if the owner can no longer pay. 

Securing one's family in the event of loss of income or sudden demise is one of the greatest priorities of the typical Filipino, which is why life basiX is a good policy to get. Aside from a Php 400,000 life coverage, it provides you access to high-performing funds. This is thanks to the expertise of Metrobank Trust Banking Group.

They're one of the best fund managers in Asia, so with them on board, your money is in good hands. You can choose to invest in bonds, stocks, or a combination of both, depending on your preferred growth, investment horizon, and risk appetite. This way, you can watch your money grow as the years go by.

Cocolife gives everyone the chance to invest, making their Lifevest VUL insurance available in single pay and limited pay (either 5-Pay or 7-Pay) variants. The minimum single premium for single pay is Php 60,000, while for limited pay, it's Php 30,000 annually. This will allow you to enjoy different benefits, depending on what you avail.

For the single pay option, you can get one of the highest levels of protection benefits, as well as additional riders like accidental death and dismemberment and critical illness benefits. As for the limited pay option, you will be able to enjoy faster and higher fund accumulations with higher investment earnings for maximum growth.

From its name, Saveflex Secure offers flexible terms while making sure you and your family are protected through guaranteed life insurance coverage and potential returns on your investments. You can choose your funds and allocate your premiums and easily change your choices as time goes by.

You can also enjoy flexible premiums by dictating how much you can set aside for your insurance and picking between flexible premium payment options of three, five, or ten years. You also have the option of topping up your payments to increase your fund value and insurance coverage, as well as add on riders to your plan.

Most of our goals can't be reached without money, so it's important to grow our present funds for a brighter future ahead. One of the ways you can do this is with Money Tree, a VUL insurance by AIA Philippines that will maximize your money's growth potential through access to expertly-managed funds.

As you increase your investment, you can also receive additional loyalty bonuses to encourage you to continue growing your money. You can also opt for additional coverage, such as term insurance, which is additional life insurance coverage on top of the plan's benefit for maximum protection.