SIBOL VARIABLE LIFE
Why not let your money work for you?
This is what SIBOL Variable Life Insurance is all about. It is an investment program that lets you choose from a wide range of funds, each one offering growth potential and features that suit your distinct investment appetite.
With SIBOL, you have limitless opportunities to grow your hard-earned money by investing in diverse funds. You may choose from Equity, Balanced, or Opportunity Funds, all approved by the Insurance Commission.
|PhilLife Balanced Fund||Diversified portfolio of stocks, bonds, and money market securities||First-time investors|
|PhilLife Equity Fund||Investments in stocks that are listed in the Philippine Stock Exchange (PSE), primarily on stocks composing the PSE index (PSEi) and non-PSEi||Those who want to take advantage of the growth of local companies|
|PhilLife Opportunity Fund||Fund that aims to get best returns through long-term investment in listed and non-listed Philippine companies||Aggressive and more experienced investors|
For a minimum single premium of P50,000, you can avail of SIBOL. Your single premium already assures you of either a death benefit equal to 125% of your single premium plus 125% of Top-up Premium minus 125% of withdrawal, or the Account Value at unit price – whichever is higher – in case of death*. Since SIBOL is an insurance policy, the amount your beneficiaries stand to get will be given tax-free, if your beneficiary is designated as irrevocable.
What’s more, you can top up your plan for as low as P10,000. Each top-up adds to the Face Amount an amount equal to 125% of the Top-up Premium.
The Account Value of SIBOL is determined by the unit price multiplied by the number of units, or Account Value. SIBOL also allows you four (4) free switches during a policy year. Afterwards, a minimal administration fee of one percent (1%) will be charged for each additional switch. The minimum amount that may be switched is P10,000.00 or the entire unit holding in that Fund, whichever is lower. SIBOL also gives you the flexibility to cash in on the withdrawal values of your funds anytime you want. The amount you will get will be based on the unit price minus the relevant surrender charge stated in the Schedule of Charges. Units to be redeemed shall be based on the fund allocation instruction in effect.
*subject to two-year contestability period, with suicide provision.