Certified True and Correct from Source: https://www.insurance.gov.ph/wp-content/uploads/2018/03/Networth-of-Life-Insurance-Companies_Year-2017.pdf
Above is the list of the top best life insurance companies in the Philippines for 2018. The Insurance commission releases the top life insurance companies ranking data every year so we show data for the previous completed year which is 2017.
The best and largest top companies in the country have high net worth. A higher net worth means that the company can be able to survive financial crises because it has sufficient assets to operate should the company have years of continued losses.
The ranking above shows that the top 3 life insurance companies for 2017 are Phil-Am Life, Insular Life and Sun Life. Since the 2017 just ended the results is for the Latest Top Life Insurance Companies in the Philippines for 2018 is based on company results ending 2017.
Despite being 100% Filipino owned, Insular Life's ranks among the top life insurance companies. If you would like to get life insurance consider Filipino companies because supporting a local company would translate to greater benefits for our country.
Just look at what happened to South Korea when its citizens patronized local brands such as Samsung and Hyundai. If we reduce our dependence to foreign brands we can have a stronger and better economy which will be beneficial for us Filipinos.
Insular Life also one of the few companies who are very transparent in their operations. In fact, you can download the annual reports and financial statements of the company from their website by clicking here. You can also download the list of companies where they invest the your VUL investment money here.
If you wish to ask for a free insurance or investment proposal from Insular Life please click this form.
Read more: The 10 Reasons Why You Should Choose Insular Life
ABOUT THE AUTHOR:
Mark Joseph T. Fernandez, CPA, RFC, AFA, AWP, AEP, MDRT is the founder and head financial advisor of FinancePH. He has helped thousands of people start saving, investing and insuring. He conducts regular monthly seminars and is a regular TV and radio guest on finance topics. Reach him at firstname.lastname@example.org.