INSULAR Life (InLife) has recently launched InLife Retire Assure, the country's first true retirement insurance product with guaranteed monthly income from age 60 to 100.InLife Retire Assure aims to take the guesswork out of retirement planning.According to the Bangko Sentral ng Pilipinas, 80 percent of Filipinos ages 60 and up are not financially prepared to cover their living expenses once their employment ends.The remaining 20 percent are covered by the Social Security System (SSS) or the Government Service Insurance System (GSIS).The average monthly pension for SSS is P5,123 and P18,525 for GSIS, which may not be adequate to sustain their lifestyle into retirement.While the law requires companies to provide retirement benefits to their employees, they usually come with strict eligibility requirements.Moreover, many workers today do not stay long enough in one company to qualify for retirement benefits.As a result, Filipinos are not financially prepared for a life after retirement.InLife Retire Assure works by giving a simplified and disciplined structure to set aside premiums so that they accumulate over time.'Our purpose is to provide Filipinos A Lifetime For Good, and I believe that this translates to a secure and comfortable retirement for those who worked hard for years and contributed to our country's growth. We want them to retire without worries,' InLife Chief Marketing Officer Gae Martinez said.Visit https://bit.ly/InLifeRetireAssure or talk to any InLife financial advisor for more information.
