A lot of people including young professionals who would like to grow their hard-earned Money simply don’t have any idea where to place it. The bank is the only option they have in mind…either as savings or time deposits. The disadvantage with bank deposits is that they are low yielding in return. They do not provide a good inflation hedge. There are penalties upon early or pre-mature withdrawal, due to loss of interest.  Philamlife offers prospective investors a range of variable life funds which they can invest from. Abundance Plus is a regular premium plan where Investor will invest for at least 10 yrs a sum of money. The money depending on the risks tolerance of the investor is invested in either fixed income securities or equities so that the value of the units will increase. At anytime, the investor may top-up the policy to further increase his investment. The investor may also sell some or all of the units at anytime. One thing good about this investment is that the investor is covered with insurance  so his family is secured in any eventuality and much more if death is due to accident.