The NYL Big Apple Advantage allows policyholders to pay on a regular term either annually, semi-annually, or quarterly. Additional flexibility allows policyholders to choose among various options in terms of currency, the amount to invest, and even the type of investment fund.
Policyholders may opt to invest in peso or US dollar. For ages zero to 40, minimum investment is P15,000 or $400, while for ages above 40, minimum investment is P20,000 or $500.
The NYL Big Apple Advantage presents policyholders with four choices of investment funds that cater to their specific investment objectives.
For policyholders who wish to preserve their peso capital or steadily grow their income, the Peso Fixed Income Fund is an attractive option. While investors seeking higher stakes will prefer the Philippine Equity Fund. It includes investments in blue chip stocks listed in the Philippine Stock Exchange.
A third option is the Managed Fund, which balances the possible risks or returns of investing in equities, and include investments in a combination of fixed income instruments and listed blue chip stocks.
Last, the Dollar Fixed Income Fund works best for those who wish to preserve their US dollar capital through investments in US dollar denominated fixed income instruments issued by the Philippine government, corporations, and financial institutions. Policyholders can choose between several levels of protection.
The first level is the Level Death Benefit, which optimizes investment potential by allocating a bigger portion of one’s fund to the purchase of investment units. For policyholders who prefer a higher insurance protection, the second level, which is the Increasing Death Benefit is an ideal option.