Beneficial Life Insurance Co., Inc. | 807 followers on LinkedIn. www.facebook.com/AlagangBenLife https://twitter.com/BenLifePH Beneficial Life Insurance Company, Inc. (BenLife) is a wholly Filipino-owned life insurance company established on March 16, 1960. From an initial authorized capitalization of P2.5 million, it now has over P1.1 billion in Paid up capital, P2.6 billion in equity and over P6.9 billion in consolidated resources (based on audited consolidated financial statements as of December 31, 2016).