MANILA,
Philippines – Filipino parents work
hard to set up their child for the future. And they know that a good
college education is key to ensuring their child’s success. But
with tuition fees increasing
yearly at a rate of about 10 percent, sending their child to the
college of their choice might just be a dream for many.
Life
insurance firm Troo recognizes this need and is helping give future
changemakers a chance at a better future.
That
is, through its latest financial
solutions offering – Troo
Graduate, a traditional
life insurance policy that insures the child as well as acts as a
college savings plan.
“In
creating solutions, we always have our customer’s needs in mind.
And to most Filipinos, a college education is the most important
stepping stone to a better life. We designed Troo Graduate to be
affordable to the average Filipino so that more Filipino children can
get the college education they deserve. With Troo Graduate, we
believe that the next generation of Filipinos will have the
opportunity to change their world for the better,” Troo President
& CEO Hans Loozekoot said.
Troo
Graduate is designed to be K-12 compliant and offers
parents a way to cope with rising college fees with the guaranteed
five (5) annual payouts.
The annual payouts increase
every year while the child is in college,
while the premium payments remain the same for the entire term of the
policy. And for a minimum cover of ₱250,000, parents can pay as low
as ₱11,094 annually.
With
Troo Graduate, parents can start planning their children’s college
education as soon as their child is 30 days old until age 11. It’s
always better to start planning as early as possible. This gives the
parent more time to save up for college. It also means lower
premiums.
“Education
is a priority for Filipinos, and for many, a college education is a
sure step to a better future. We have a deep sense of responsibility
to see our children get to college and realize their dreams. We want
an assurance of a better future for them,” Milot Valencia, Chief
Bancassurance Officer of Troo, said.
On its third year of operations, Troo
continues to create financial solutions to help Filipinos plan for
tomorrow so they can live their best life today. The life insurance
company is a joint venture between Ageas,
a listed international insurance group with a heritage spanning over
190 years and EastWest, one of
the fastest-growing banks in the Philippines.
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