What type of policy would be suitable for a 35-year-old individual with a moderate level of risk tolerance earning P30,000/month?

A Variable Life policy is suitable for a 35-year-old individual with a moderate level of risk tolerance earning P30,000 per month due to its inherent flexibility in both premium payments and investment choices. This type of policy allows the policyholder to allocate their premiums among various investment options, which can potentially lead to greater growth compared to fixed policies. For someone with a moderate risk tolerance, this adaptability offers the chance for higher returns while still permitting a level of personal control over the investments, aligning well with their financial goals.

Additionally, Variable Life policies provide a death benefit that varies based on the performance of the chosen investments, which may appeal to individuals looking for both life insurance protection and the opportunity for cash value growth. The combination of these features allows the policyholder to align their insurance needs with their overall financial strategy, making it an appealing option compared to more traditional policies like Participating Whole Life or Annuities that do not offer the same level of investment flexibility.