NOTE: We have started the Investment Products series that compiles deposit and investment products offered by banks and financial institutions in the Philippines. These articles are for informational purposes only, they do not constitute an endorsement or recommendation by Pinoy Money Talk.
Product Name
Term Plus
Product Description
A combined term life insurance and financial product offered by National Life Insurance Company of the Philippines. It is said to be a low-risk and moderately high-return passive investment vehicle.
TWO (2) OPTIONS OF TERM PLUS
(1) COMPOUNDED INTEREST OPTION – Guaranteed 8% Interest Per Annum
Sample Investment: P1,000,000
In 10 Years, your money is P2,158,925*
In 25 Years, your money is P6,848,475*
In 50 Years, your money is P46,901,613*
Minimum Investment: P1 million
Offer ends on November 2, 2006
(2) MONTHLY INTEREST INCOME OPTION – Guaranteed 10% Interest Per Annum for 5 Years
Sample Investment: P1,000,000
P1M X 10% p.a. = P100,000*
P100,000 / 12 months = P8,333.33* every month for 5 yearsTotal Income in 5 Years: P500,000*
Minimum Investment: P500,000
** Actual figures will depend on the age of the investor. The actual figures can be seen if you request for a proposal.
The Term Plus product is exempt from withholding and estate taxes. The principal is said to be insured through the use of reinsurance companies.
Discuss this product
Join the discussion of this product in the National Life Insurance Company's Term Plus Product: 8% and 10% per annum thread in the PMT Forum.
tags]investments Philippines, insurance Philippines, National Life Insurance Company, investment products, high yield investment, high return[/tags]
