By Madelaine B. Miraflor

Insurance firm FWD Life Philippines has opened a set of new protection plans as part of its expansion plans.

The company just recently launched “Set for Tomorrow,” an insurance product that covers the needs of the policy holder’s beneficiaries once he or she died. It is divided into three variants — Short Term Cover, Income Protector, and Estate Protector.

Short Term Cover is an affordable term life plan that provides guaranteed life insurance coverage for five or 10 years, while Income Protector ensures that your family can continue their life even if you are no longer around.

Estate Protector, on the other hand, is a whole-life plan that provides guaranteed life insurance coverage until 120 years of age.

“FWD‘s Set for Tomorrow will provide protection for the people we love and care about. The coverage amount and period can be customized to any personal situation and budget. Our aim is to make real and substantial protection accessible to everyone,” said FWD Life Philippines President and Chief Executive Officer Peter Grimes.

“Set for Tomorrow caters to Filipinos from 18 to 70 years of age, from young urban professionals to retirees. With very basic social security, many professionals have an enormous protection gap,” he added.

Recently, FWD also launched online insurance calculator “Cali.” By answering just a few questions, Cali allows the public to determine the best solution for their budget and insurance needs.