MCBL unveils new variable unit-linked fund

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Manulife China Bank Life Assurance Corp. (MCBL) has launched a financial product combining insurance coverage and investment yields.

In a statement Thursday, June 28, the bancassurance partnership of Manulife Philippines and China Banking Corp. (China Bank) said it recently launched the MCBL China Bank Dollar Fixed Income Variable Unit-linked (VUL) Fund.

Unlike traditional life insurance products, the VUL features earning potential as the policy value is linked to investment funds and reflects their performance. — Karl Angelo N. Vidal