• 10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More 1
  • 10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More 2
  • 10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More 3
  • 10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More 4
  • 10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More 5

10 Best VUL Insurance in the Philippines 2022 | Pru Life UK, Sun Life, and More

As we have seen how unpredictable life can be in the past few years, VUL insurance has become very popular. It's important to insure your future, and a Variable Universal Life (VUL) Insurance can help give you the security you need. It's a type of life insurance with an added benefitーit builds a cash value because you can invest it in separate accounts like mutual funds.


It's one of the most ideal policies for young professionals or for those who want to grow their money and have the chance to enjoy it eventually. To find out your options for the best VUL insurance that you can get, check out our top 10 list below. We also have a buying guide that will teach you all that you need to know to find out which VUL insurance is the right fit for you.

This article's contributors

Editorial Team
  • Last updated: 08-11-2022
Table of Contents

How to Choose a VUL Insurance - Buying Guide

Here are some key points to consider:


  1. Determine if you will benefit from a VUL insurance.
  2. Take note of the different inclusions of a VUL insurance.
  3. Consider the payment terms that match your budget.

For more detailed information, read through our buying guide below.

Determine if You Will Benefit From a VUL Insurance Plan

Determine if You Will Benefit From a VUL Insurance Plan

Before moving forward with a VUL insurance, assess first whether it’s the right type of insurance for you. Since a big part of VUL insurance is investing in the market, there is a certain level of risk involved. Those who are more risk-averse may want to look into other life insurance options.


However, for those who want to start investing, you will surely benefit from a VUL insurance policy. This is especially true if you can contribute to the plan early on, providing more opportunity for growth, while having different living and death benefits. 


It would be good to check, too, if your age qualifies you for the plan. This is because some plans have age requirements. For example, some policies are only issued to individuals from 0-50 years old or 0-70 years old.

The Death Benefit Will Leave Your Family With a Sum of Money In Case of Your Death

The Death Benefit Will Leave Your Family With a Sum of Money In Case of Your Death

Your VUL insurance will have a sum insured, which is known as the death benefit. This is because, in case of your death, your beneficiaries will receive that sum. It’s guaranteed, regardless of how your policy’s investments performed. 


Some death benefits are also tax-free, which means your beneficiaries will receive the death benefit and investment returns without having to pay an estate tax to the government. This will allow them to truly maximize the sum that they receive. 

Take Note of the Different Inclusions of a VUL Insurance Plan

VUL insurance policies have different inclusions, depending on the plan you choose. In getting the right policy, consider what inclusions you can maximize and what you can do without. Here are some common benefits that you will encounter when looking at different VUL insurance policies.

Different Investment Options Will Grow Your Funds Over a Period of Time

Different Investment Options Will Grow Your Funds Over a Period of Time

The premium that you pay or the cash payments that you make every month or so get invested in a diverse portfolio. This is why it’s said that VUL insurance has the same benefits as a mutual fund.


Your money is put into diversified and professionally managed investments that match your risk tolerance and financial goals. This means that your money will yield higher returns compared to storing your money in a regular savings account and other types of life insurance. 

Health Insurance Coverage Will Help You During Emergencies

Health Insurance Coverage Will Help You During Emergencies

Some newer VUL insurance plans have optional benefits like health insurance, which includes coverage for critical illnesses, accidents, and income protection. Even though it’s recommended to have a separate and more comprehensive health insurance, this is still a good feature to have in your VUL for emergencies.

Consider the Payment Terms That Match Your Budget

Consider the Payment Terms That Match Your Budget

You don’t need to spend a lot to get a solid VUL insurance. Set a budget that you can comfortably stick to, depending on your salary and monthly expenses. By doing this, you will be more consistent in paying your premiums, which will give your money more opportunity to mature and grow.


Check out different VUL insurance providers’ payment terms, too, so you can choose the most flexible payment scheme that will be the most feasible and convenient for you to follow. Because the premium of VUL insurance is generally flexible, you will find companies that offer monthly, annual, or lumpsum payment terms. This gives you more options and more control over your finances.

Compare the Best VUL Insurance

To give you a rundown, here are our top 5 picks for the best VUL insurance you can buy online:


  1. Best overall: PRULink Assurance Account Plus
  2. Best for young professionals: Allianz PNB Life Insurance: AZpire Growth
  3. Best for education fund-building: Sun Life Sun MaxiLink 100
  4. Best budget-friendly option: Wealth Secure Global
  5. Best for rewards and bonuses: FutureBoost
Image
1
Pru Life UK PRULink Assurance Account Plus 1

Pru Life UK

2
Allianz PNB Life Insurance AZpire Growth 1

Allianz PNB Life Insurance

3
Sun Life Sun MaxiLink 100 1

Sun Life

4
Insular Life Wealth Secure Global 1

Insular Life

5
Manulife FutureBoost 1

Manulife

6
FWD Insurance Set for Life Investment 1

FWD Insurance

7
AXA life basiX 1

AXA

8
Cocolife Lifevest 1

Cocolife

9
BDO Life Saveflex Secure 1

BDO Life

10
AIA Philippines Money Tree 1

AIA Philippines

Name

PRULink Assurance Account Plus

AZpire Growth

Sun MaxiLink 100

Wealth Secure Global

FutureBoost

Set for Life Investment

life basiX

Lifevest

Saveflex Secure

Money Tree

Features

Provides You and Your Money With Maximum Protection

Has Convenient Features That Are Perfect for Millennials

Secure Your Child’s Education by Building Your Funds

Budget-Friendly VUL That Has Lots of Additional Benefits

Get Additional Rewards Added to Your Plan As You Stick With Your Insurance

Customize Your Plan to Get Extra Assurance on Your Policy

Take Advantage of the Expertise of the Metrobank Trust Banking Group

Available in Single Pay and Limited Pay Variants

Enjoy Flexible Premiums That Will Work With Your Budget

Grow Your Money Through Expertly-Managed Funds

InclusionsDeath Benefit, Maturity Benefit. Accelerated Total and Permanent Disability, Accidental Death and DisablementDeath Benefit, Funds You Can Influence, Premium for PersistenceSuitable Investment Options, Funds for Future NeedsGlobal Exposure, Affordable Cash Out, Convenient Investing Rewards Added to Your PlanDeath Benefit, Investment Potential and Life Protection Period, Plan Add-Ons' Coverage PeriodDeath Benefit, Professionally Managed High-Performing FundsDeath Benefit, Competitive Fund EarningsEasy Fund Allocation Transfers, Flexible Premium Payment OptionsDeath Benefit, High Growth Potential, Flexibility to Your Investment Plan
Payment TermsAnnual with Other Frequency Options AvailableAnnually, Semi-Annually, Quarterly, MonthlyAnnual, Semi-Annual, QuarterlyNot SpecifiedNot Specified5-Year Payment, 7-Year Payment, 10-Year Payment, Yearly Until Age 99Not SpecifiedSingle Pay, Limited Pay (5-Pay and 7-Pay)3, 5, or 10 YearsMinimum One-Time Payment of Php 125,000
Age Requirement0-70 Years Old0-60 Years OldNot SpecifiedNot SpecifiedNot SpecifiedNot SpecifiedNot Specified0-50 Years Old0-70 Years Old0-70 Years Old
Link

10 Best VUL Insurance to Buy Online

The products we introduce below were carefully curated by the mybest team, from the best-sellers of E-commerce sites like Lazada, and using the points mentioned in our detailed and thoroughly researched buying guide.


**Prices may vary depending on the website and their campaign period**

1

Pru Life UKPRULink Assurance Account Plus

InclusionsDeath Benefit, Maturity Benefit. Accelerated Total and Permanent Disability, Accidental Death and Disablement
Payment TermsAnnual with Other Frequency Options Available
Age Requirement0-70 Years Old
2
InclusionsDeath Benefit, Funds You Can Influence, Premium for Persistence
Payment TermsAnnually, Semi-Annually, Quarterly, Monthly
Age Requirement0-60 Years Old
3

Sun LifeSun MaxiLink 100

InclusionsSuitable Investment Options, Funds for Future Needs
Payment TermsAnnual, Semi-Annual, Quarterly
Age RequirementNot Specified
4

Insular LifeWealth Secure Global

InclusionsGlobal Exposure, Affordable Cash Out, Convenient Investing
Payment TermsNot Specified
Age RequirementNot Specified
5
InclusionsRewards Added to Your Plan
Payment TermsNot Specified
Age RequirementNot Specified
6

FWD InsuranceSet for Life Investment

InclusionsDeath Benefit, Investment Potential and Life Protection Period, Plan Add-Ons' Coverage Period
Payment Terms5-Year Payment, 7-Year Payment, 10-Year Payment, Yearly Until Age 99
Age RequirementNot Specified
7
InclusionsDeath Benefit, Professionally Managed High-Performing Funds
Payment TermsNot Specified
Age RequirementNot Specified
8
InclusionsDeath Benefit, Competitive Fund Earnings
Payment TermsSingle Pay, Limited Pay (5-Pay and 7-Pay)
Age Requirement0-50 Years Old
9
InclusionsEasy Fund Allocation Transfers, Flexible Premium Payment Options
Payment Terms3, 5, or 10 Years
Age Requirement0-70 Years Old
10
InclusionsDeath Benefit, High Growth Potential, Flexibility to Your Investment Plan
Payment TermsMinimum One-Time Payment of Php 125,000
Age Requirement0-70 Years Old

Frequently Asked Questions

Below are some of the most asked questions on the web answered by the mybest team.

Is VUL a Good Investment?

Yes. Not only will you get the chance to invest in professionally-managed funds, you will also have life insurance that has a guaranteed sum. However, if you're risk-averse, consider looking into other types of investments and insurance first before deciding to get a VUL insurance plan.

Who Regulates Insurance Companies in the Philippines?

Insurance companies in the Philippines are regulated by the Insurance Commission. They're under the Department of Finance, supervising and regulating operations of life and non-life insurance companies, mutual benefit associations, HMOs, and trusts for charitable uses.

How Does a VUL Policy Work?

A VUL is a life insurance and investment combined. It has death and living benefits, paying out your loved ones in case of your death and investing your money in different local and global funds. Most VUL insurance plans also have additional optional benefits, such as critical illness and hospitalization riders.

Check Out Other Insurance Options

It's important to insure not only your future, but also other aspects of your life like your health, home, or car, among others. If you're looking for more insurance plans that you can avail to work your way towards a brighter future, check out our other articles below for more recommendations.

Author: Bianca Angela Dela Cruz

Editor: R. Umlas

How We Chose and Ranked Our Product Recommendations

Our buying guide was carefully researched and crafted by the mybest team of writers and editors. We used the buying guide as a basis for choosing and ranking the product recommendations, and we looked at reviews and ratings from different E-commerce sites like Lazada, Shopee, and more.

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