LIFE CONTINGENCY PROVIDER
Whatever life decisions you make, you always go back to your bottom lines: great school for your kids, enjoyable lifestyle for you and your spouse—all in all, a good life for you and your family.
PhilLife, your trusted partner for all your personal financial goals, understands your real source of passion – the people you love. That is why PhilLife has come up with an investment package that is meant to preserve the life you built for the people who matter to you, even if you’re no longer around.
PhilLife’s Life Contingency Provider is a plan designed to provide maximum insurance coverage for your entire life. This investment also generates cash values starting on the policy’s 3rd year, which amount you can borrow through a policy loan for whatever purposes… Life Contingency Provider also qualifies you to receive dividends whenever PhilLife declares one for its policy holders.
What’s more, Life Contingency Plan comes with a built-in rider called TERMINAL ILLNESS BENEFIT. This is an added protection, where PhilLife can advance half of insurance face amount (maximum of P 2 million) in case the insured is diagnosed with a terminal illness. . This is PhilLife’s way of being there for you and your family, especially in your direst situations.
Apart from the Terminal Illness Benefit rider that comes FREE with Life Contingency Provider, you also have the choice of adding more features to your plan.
- Waiver of premium due to total and permanent disability up to age 60 (can be issued to payors aged 18 – 55 years old)
- Accidental death benefits up to age 65, which gives your beneficiary 200% of the face amount of your insurance in case of death due to an accident. (can be issued to payors aged 10 – 64 years old)
- Payor’s clause, where PhilLife waives future basic annual premiums of the minor insured’s policy if the payor of the insurance becomes disabled or passes away (attachable to policyholders age 0-17)
- Premium Investment Plus. This is a unique PhilLife investment package which lets you earn up to 5%* guaranteed annual interest rates for a minimum investment of P100,000.
*5% guaranteed interest rate on the Premium Investment Plus of P100,000 and above for the first two years of the policy.