Turning risks into opportunities: Pru Life UK inspires a new generation of legacy builders among Filipino families

Designed as an evening of insightful discussion and curated wine tasting, Legacy Uncorked brought together an intimate circle of the country’s most respected business leaders, wealth advisors, and high-net-worth families in a sophisticated setting at the Grand Hyatt.

In photo: (Left-right) Rozanne Magararu, Pru Life UK Chief Customer & Marketing Officer; Sanjay Chakrabarty, Pru Life UK President and Chief Executive Officer; Michael Ferrer, ATRAM Group Chief Executive Officer; Rex Mendoza, Rampver Financials Chairman and Chief Executive Officer; Princess Charm Balingit, Pru Life UK Chief Investment Officer; and Julien Fey, Pru Life UK Chief Strategy Officer 

With family-owned businesses and property values rising in the Philippines, a growing number of Filipino families face a silent financial risk: wealth transfer delays and estate settlement issues that can lead to frozen assets, legal disputes, and forced liquidation.

According to Rex Mendoza, Chairman and CEO of Rampver Financials, during Pru Life UK’s exclusive Legacy Uncorked event held at the Grand Hyatt Manila, many families build wealth but fail to protect it for the next generation. Estate planning is not just a financial task—it is a responsibility to one’s heirs and a commitment to continuity.

To address this widening gap, Pru Life UK organised Legacy Uncorked as a platform for intergenerational wealth preservation and responsible succession planning. Headlined by Mendoza, one of the country’s leading voices in financial stewardship and legacy building, the event gathered high-net-worth families, business owners, and wealth advisors to discuss estate preparedness strategies.

Mendoza delivered a compelling message on why Filipino families must prepare not just for wealth accumulation but also for wealth transfer and continuity. He mentioned that legacy is not just what one leaves behind; it’s how one prepares others to carry it forward.

Citing recent global and economic disruptions, he emphasised that unpredictability has become a permanent part of financial strategy. He added that uncertainty is now a constant—with health crises, market disruptions, and policy changes. Families who do not build emergency liquidity and succession strategies expose their heirs to unnecessary financial risk.

He also stressed that the failure of legacy is often rooted not in financial loss but in lack of generational preparation. He noted that heirs do not fail because they lack inheritance; they fail because they lack guidance. Wealth must be transferred with wisdom, purpose, and financial literacy. Mendoza also highlighted the importance of disciplined investment strategies for generational wealth, explaining that asset diversification, risk management, and sustainability must guide long-term decisions.

Legacy Planning

Pru Life UK President and CEO Sanjay Chakrabarty reinforced the importance of legacy planning in the Philippine context, where estate settlement remains a major barrier to preserving family wealth.

He said that many families are forced to sell land, businesses, or long-held assets simply to settle estate obligations. Estate planning is not just for the wealthy—it is for every family that wants continuity, stability, and dignity in how their assets are passed on.

At the event, Pru Life UK introduced PRUWealth 10, its flagship single-pay life insurance solution designed to support estate planning. The product enables clients to generate estate liquidity, protect assets from forced sale, and ensure seamless inheritance transfer.

PRUWealth 10 provides immediate liquidity at the moment families need it most. It prevents the loss of family legacy due to emergency property sales or loan dependency. We continue to see growing interest among discerning families and business leaders who recognise the value of structured protection.

Chakrabarty added that structured wealth transition is now a growing financial priority in the country. He said that these discussions about legacy are no longer taboo. Today’s leaders want to protect both their life’s work and their family relationships. Pru Life UK is here to support that mission with structured, future-ready financial strategies.

Legacy Uncorked also featured a curated wine appreciation journey by Chie Gatchalian, co-founder of The Sip Studio, symbolising how legacies are intentionally built and preserved with care—echoing the event’s core message: legacy must be protected, not left to chance.

The event formed part of Pru Life UK’s ongoing commitment to financial education and estate planning advocacy in the Philippines, equipping families with guidance, solutions, and professional advisory to safeguard multigenerational wealth.