Manila, Philippines – In Filipino culture, being present is everything. Whether it’s for
birthdays, emergencies, or moments of grief—showing up is how we show love. But
what if you couldn’t be there when it matters most?

With Protect from Funeral Costs, the latest offering in the Singlife Plan & Protect
App, Singlife Philippines makes it possible to do one last act of love—to show up for
those that matter most, even when you no longer can.

This whole life insurance product offers a lump sum benefit of up to ₱500,000,
which can help families cover funeral arrangements or other end-of-life expenses,
giving peace of mind to both policyholders and their loved ones. Fully accessible
through Singlife’s all-digital mobile platform, this solution empowers every Filipino to prepare responsibly, protect those they love, and continue showing up—even in their absence.

“Losing someone you love is already one of life’s most difficult moments, and having
to rely on ‘abuloy’ or having to pass the hat just to pay for funeral costs makes it
even harder,” said Lester Cruz, Chief Executive Officer of Singlife Philippines.

“Protect from Funeral Costs allows you to prepare in advance and leave behind a
final act of love, one that ensures your family can grieve without financial worry. It’s part of our mission at Singlife: to empower every Filipino toward financial
independence—in life, and beyond it.”

Growing Suite of Protection in the Singlife Plan & Protect App

Protect from Funeral Costs joins Singlife’s best-in-class suite of affordable, mobile-
first insurance and investment solutions. These include life insurance, medical cost
protection, and investment-linked plans—all designed to put financial control directly
in the hands of customers. Like booking a flight or managing a savings account,
buying funeral protection can now be done anytime, anywhere.

With funeral expenses in the Philippines typically exceeding ₱200,000, Singlife’s
latest product provides straightforward, flexible coverage in the face of a very real
financial risk.

The Protection You Leave Behind

Protect from Funeral Costs provides a lump sum cash benefit that gives your family
the flexibility to honor your final wishes in their own way. Whether it’s for a modest
ceremony or a more elaborate farewell, your loved ones can decide how to use the
money without being locked into a fixed package from a funeral service provider.
The product was designed with key features to give customers a convenient and
easy way to plan for their funeral expenses.

· Customizable and affordable protection: You can choose coverage from
₱100,000 to ₱500,000. Premiums are pocket-friendly, starting at just ₱447
per month, with payment terms of just 5 or 10 years—and your coverage
lasts until age 120.
· Built-in Financial Needs Analysis: Not sure how much coverage you need?
This feature helps you estimate how much your family may need based on your preferred funeral type, casket, memorial lot, number of viewing days,
and expected guests. Since most people don’t realize how much a funeral
can cost, this unique tool empowers you to plan ahead and ensure your
family won’t be caught off guard.
· Yearly coverage boost*: Keep your policy active and enjoy additional
coverage* each year at no extra cost, helping you stay ahead of inflation
and rising funeral expenses.
· Spouse and child coverage: Extend protection to your spouse or life
partner under one plan. Starting from the second policy year, you also have
the option to enroll your child for coverage at no extra cost—no need to
buy a separate policy for them.
· Waiver of premiums due to disability: If you become permanently disabled
during your premium payment period, you won’t have to worry about future
payments—your premium payments will be waived but your coverage will
remain active and in force.
· Cash value and loan access: Over time, your policy builds cash value,
which you can borrow from starting in the fourth year—giving you extra
financial flexibility when needed.
· Immediate cash assistance: Your beneficiaries will receive 10% of the
cash benefit in advance upon submission of the policyholder’s death
certificate and beneficiary’s identity verification. This helps cover urgent
funeral expenses while the remaining amount is released upon claim
approval.

*Coverage boosts come from non-guaranteed dividends, and their performance
depends on market conditions.

A Final Act of Protection. A Lifetime of Love.

In a country where insurance penetration remains below 2%, Singlife Philippines is
challenging the status quo by offering simple, relevant solutions that meet Filipinos
where they are—on their phones, and in real life.
With Protect from Funeral Costs, the company transforms what used to be a taboo
topic into a powerful expression of love and foresight. Because even if you can’t be
there, your protection still can be.
Protect from Funeral Costs is now available exclusively in the Singlife Plan & Protect
App, downloadable on the App Store and Google Play. Check how much coverage
you need using the financial analysis tool and get an instant ₱300 in Singlife
Credits—free—to help jumpstart your journey to financial independence.

Because love doesn’t stop—even when life does.
Click here to learn more about Protect from Funeral Costs.

About Singlife Philippines
Singlife Philippines (a subsidiary of Singlife Singapore) is a mobile-first life insurance
company. Singlife Singapore is wholly owned by one of Japan’s largest life insurers,
Sumitomo Life.
Singlife was founded to provide a better way to financial independence. The
company uses modern technology to provide insights, guidance, and fulfillment via
mobile devices to open opportunities for every Filipino to get the right financial
solutions to fit their needs and budget. Singlife supports its clients to ensure money
is there when needed, whether for emergencies, loss of income, high medical bills, or
to grow funds for future goals like education or retirement.

Singlife Philippines secured its license to operate from the country’s Insurance
Commission in February 2020. To learn more about Singlife Philippines, visit
www.singlife.com.ph or the following social media channels:
https://www.facebook.com/SinglifePhilippines
https://www.instagram.com/singlifephilippines

@singlifeph

For further information, please contact:
Fraulein Olavario
Communications Manager
Singlife Philippines
fraulein.o@singlife.com