99-year-old enjoys maturity benefit from insurance policy

Who says life insurance is meant only for those who are left behind? At 99 years old, Mrs. Bee Dy is reaping the rewards of her policy. 

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Mrs. Dy is a grandmother from Davao who just received the maturity benefit of her plan from Insular Life (InLife). She was already 59 years old when her late son filed her insurance application in 1982.

“She plans to use the money for her maintenance medicine and MRI procedure,” shared her daughter Esther Te, the younger of Mrs. Dy’s two children, when asked what her mother plans to do with the money she received. Ever so generous, Mrs. Dy added that she also plans to give a portion of it to her grandchildren.

The Dy family used to live in Manila, running Ace Grocery in Echague St., Quiapo, which Mrs. Dy oversaw. When they closed it down, they put up a pawnshop in Retiro. In 1989, Mrs. Dy joined her daughter in Davao.

When asked how her mother has remained in good physical health throughout her life, Te disclosed that Mrs. Dy has always practiced healthy living. She is also very diligent, a person who is not prone to anger, and has been very religious even at her late age.

Mrs. Dy is just one of the many policyholders who have experienced peace of mind throughout the years knowing that they have the financial protection of the country’s first and largest Filipino life insurance company. Forty years after her insurance application was approved, she is now reaping its benefits, having outlived its protection period.

“InLife, a 112-year-old company, is proud to share this milestone with Mrs. Dy. Even after more than a century of uninterrupted service to the Filipino people, we are gratified every time we are able to fulfill not just our contractual promise, but our mission of providing a lifetime for good to our policyholders. We are truly thrilled that, yet again, we are able to prove this to Mrs. Dy and her family. After all, only an insurance company like InLife, with a solid track record in longevity and integrity, can claim this,” said InLife president and CEO Raoul Antonio E. Littaua.

Te said that her elder brother got the Diamond Life Plan from InLife, which gives protection to the family of the policyholder in case of death before the age of 99. If the policyholder reaches 99 years old, the policy matures and the policyholder receives the insurance benefits.

InLife financial advisor Victoria Carreon Tanting of Davao Mega DSO facilitated the claim and delivery of the benefit to Mrs. Dy.

“I feel honored na ako ang tinawagan ni ma’am. I’m thankful that I was able to serve a 99-year-old policyholder, hoping that I’ll also reach that age,” said Tanting, who Is also a friend of Te. She made sure that the claims procedure was swift and worry-free for her client.

Te said that they are grateful that her mother has an insurance plan. They have also recognized the importance of having a policy at any age, and getting one while still young.

Like Mrs. Dy, people who are close to or are already in their senior year can still avail of life insurance when they pass the underwriting requirements. One insurance product they can get is InLife’s newly-introduced Wealth Assure Plus, which people until the age of 80 can apply for. 

Policyholders can add or attach riders throughout the duration of the plan as needed. Its minimum insurance coverage is 10 times the annual regular premium, and policyholders have access to an optional term insurance rider.

You can learn more about Wealth Assure Plus and InLife’s other insurance products by visiting www.insularlife.com.ph. Get in touch with an InLife financial advisor to know which plan would best fit your needs and, like Mrs. Dy, experience financial protection for you and your family.