Education
"Sana balang-araw, malampasan mo ako."
Every parent deams of a bright future for his child – to get the best education, to exceed what they themselves achieved, and to have a secure future. What better way to make this dream come true than to start with the right plan?
Let our Education plans help you turn these dreams into reality while giving you one thing less to worry about – financing your child’s studies.
Contact a Philam Life Financial Planner
Contact us at (02) 528-2000 or
email us at philamlife@aia.com.
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Our Education Plans
“Sana mapagtapos kita ng pag-aaral.”
Ang kinabukasan ng iyong anak, para masigurado, kailangan may plano. That’s why we offer Bright Future Plus, an education and life insurance plan-in-one.
With cash benefits your child can enjoy every semester and life insurance protection for you and your child, Philam Life’s Bright Future Plus will help you ensure your child’s education and secure his bright future.
Guaranteed Increasing Cash Benefits
- You can be prepared for rising college fees through guaranteed increasing education benefits. Every year, your cash payout will increase by 15% of the initial benefit.*
- You can maximize the return of your savings through potential dividend earnings.
Life Insurance Protection for You and Your Child
- You can get additional protection as the payor through life and accident coverage.
- In case of unforeseen events, we will still secure your child’s bright future by waiving all future premium payments and providing additional cash benefits for your child every semester.
- You can give your child essential life protection even after graduation with the option to convert his/ her Bright Future Plus plan to a permanent insurance coverage when he/ she reaches the age of 20 to 25.
Flexible Payment Schemes
- To ease up on your budget, you can choose to pay every 5 years, 10 years or until your child turns 16 years old.
With Bright Future Plus, you can now get financial support for your child's education and protection from the unexpected.
* Payable for eight (8) consecutive semesters
We enhance your protection and security with our add-on benefits.
You can secure your child’s bright future even more by adding these benefits to your basic Bright Future Plus plan:
High School Rider
You can get guaranteed and increasing education benefits for the high school education of your child.
Elementary Rider
You can get guaranteed and increasing education benefits for the elementary education of your child.
Medical Reimbursement
You can reimburse accident-related expenses with this add-on benefit.
For you to understand our products better, below is a sample Timeline Illustration of Benefits for Bright Future Plus.
Below are common Frequently-Asked-Questions (FAQs) about Bright Future Plus that we have compiled for your reference.
Q: Who can avail of Bright Future Plus?
A: Anyone between 18 to 55 years old, with a child beneficiary not more than 10 years old.
Q: How does it work for me?
A: Bright Future Plus is a 2-in-1 plan as you get guaranteed education benefits for your child and you also get the essential insurance protection. Your child is also protected even after graduating from college.
Benefits are paid-out every semester, starting at age 16 up to age 19, increasing by 15% annually.
Q: How much are the benefits paid-out to me for my child?
A: Benefits are determined by the number of units you purchase. One (1) unit is equal to Php1,000 and minimum number of units for purchase is ten (10).
Hence, you can set the number of units according to the projected cost of your child’s college tuition fee. And as your cash pay-out benefits increase by 15% annually, you also cover the inevitable rise in tuition fees.
Q: How long do I have to pay for premiums? Where can I pay?
A: Choose among 5 years to pay, pay to up to age 12 or 16; payable monthly, quarterly, semi-annually or annually. Payment is convenient – pay in cash, check or credit card at over 5,000 trusted and reliable outlets nationwide. Click on our Payment Facilities for a complete listing of our accredited payment channels.
Q: What happens to my child’s benefits in case of my death?
A: In case of death and total and permanent disability, your child’s college education is guaranteed as your premium payments are waived. If your child is between 6 to 15 years old, he/ she will receive additional cash benefits that can be used for elementary and high school education.