Security Bank Corp. has entered into a partnership with the Philippine Retirement Authority (PRA) to offer priority banking privileges and special Time Deposit rates for returning Filipino retirees and foreign nationals applying for the Special Resident Retiree’s Visa (SRRV).
The country’s largest Filipino life insurer, Insular Life (InLife), has introduced Retire Assure 2, a retirement solution designed for professionals moving into senior positions who want security beyond market-driven uncertainty.
With Filipinos generally living longer lives, many fear outliving their savings, being unable to afford necessary healthcare, and experiencing a diminished quality of life, according to a study of InLife.