As a good provider, you want to secure your family’s needs no matter what happens. You need a life insurance plan for them in case of the unexpected, but you worry about not being able to continue paying for a long time.
Philam Life offers Family Provider, a life protection plan that doesn’t take a lifetime to pay for.
Family Provider is available at a minimum premium of PHP 30,000 a year.
Leave a cash amount for your loved ones when you pass away so you can make sure that their needs are taken care of.
LINKED TO EXPERTLY-MANAGED FUNDS
Your benefits are linked to investment funds of your choice that can grow you an account value over time. In case your account value becomes higher than your life insurance coverage when you pass away, your loved ones can get the higher amount instead.
SHORT AND EASY PAYMENT TERMS
You can choose to pay for as short as 5 or 10 years, depending on what’s best for your needs.
insurance lingo explained
What does "premium" mean?
This is the fee you pay us to protect you and your loved ones for a specified risk and a specified period of time.
What do we mean by “investing in expertly-managed funds”?
A portion of your premiums are placed in investment funds that can grow your money in the long-term.
What do we mean by "account value"?
This refers to the accumulated amount of cash that you can earn over a period of time. This amount will depend on what funds you choose to invest your money in.
You can choose any of the additional options below to customize your plan’s coverage
Get additional cash to use for serious accidental injuries, disabilities or if you pass away due to an accident until age 72.
Get additional cash to help you recover from any of 56 covered major critical illnesses including cancer, heart attack and stroke until age 75.
Get additional cash to help you recover from any of 56 covered major critical illnesses including cancer, heart attack and stroke, and get 25% in advance if diagnosed with any of 11 covered early stage conditions until age 75.
Continue to enjoy your plan without having to pay for the remaining premiums if you get totally and permanently disabled before age 60. You also receive a cash amount monthly.
If you want to purchase this plan for a child, this additional coverage allows you to continue the plan without having to pay for the remaining premiums if you get totally and permanently disabled before age 60 or before the child is age 25.
Life insurance benefit can vary depending on age and payment amount.
Premium period is not guaranteed. In the future, if the Account Value becomes insufficient to pay for charges, it is possible that additional premiums (i.e. top-ups) will be required to continuously enjoy the life insurance coverage.
Please consult your Financial Advisor or refer to the policy contract for full details on the critical illness definitions, exclusions and limitations.
The amount of your account value will vary depending on fund performance which may be affected by market conditions.
The minimum premium required may increase depending on the occupational and medical ratings of the proposed insured.
The contents of this page are for illustrative purposes only. Actual terms and conditions of insurance coverage are found in the policy. In case of conflict, policy terms shall prevail.
Upon receiving the Policy Contract, you may refer to it for the full details on the Critical Illness definitions, exclusions including the pre-existing conditions, and other limitations. If after reading the Policy Contract, you decide that this plan is not suitable to your needs, simply return it to Philam Life within fifteen (15) days from the date you or your authorized representative received it and we will refund to you the total premium you paid.