Philippines Wealth Management Forum 2019 - Exclusive Insights - Michael Gerard D. Enriquez
Michael Gerard D. Enriquez
Chief Investments Officer
Sun Life Financial
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- 1. What are the Challenges and Opportunities for Variable Unit linked (VUL) insurance in the Philippines?
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There's a big opportunity right now for unit-linked or investment-linked insurance products, more popularly known as variable unit linked in the Philippines. Definitely this has outpaced the growth of the mutual fund and the UITF industry over the last few years. A lot of the clients are more inclined to get a one-solution product that can give you a living benefit and a death benefit. Right now, the government has been doing a lot of moves to try and level the playing field in terms of UITFs, mutual funds and VULs, so it will be more acceptable to the broader public.