For two consecutive years, Insular Life’s variable unit- linked (VUL) product posted all time highs in the first quarter of the year for the three fund programs: Fixed Income Fund absolute return at 27.21 percent; Balanced Fund absolute return at 37.38 percent; Equity Fund absolute return at 57.20 percent.
"The product’s high yields are the result of the collaborating efforts of the company’s talented fund management team. Our Equity Fund is properly positioned to take advantage of the booming sectors in our economy while our Fixed Income Fund, with exposures not only in government securities, but also in corporate notes, is considered well-diversified and stable, said Insular Life’s Chairman of the Board and CEO Vicente R. Ayllon. "Our Balanced Fund, on the other hand, is poised to maximize returns from investments in PSE-listed stocks through the Equity Fund, while at the same time enjoying relative stability from the government securities and corporate notes investments of the Fixed Income Fund, " he added.
Wealth Builder’s growth performance for the first quarter made the product very attractive to existing and new clients of Insular Life. According to Ayllon. Wealth Builder contributed 78 percent in the company’s total FYP for the first quarter of 2007 resulting to the company’s posting an impressive 157 percent increase in total first year premium income for the first quarter of 2007.
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