Leave a guaranteed cash amount for your loved ones when you pass away so you can make sure that their needs are taken care of.
FLEXIBLE AND CUSTOMIZABLE COVERAGE
You can choose to be covered for 1 year, 5 years, 10 years, or up to age 65. You can also attach accident, disability and hospitalization benefits to enhance your coverage.
AFFORDABLE AND EASY TO PAY
Enjoy affordable coverage for the benefits you are getting. You can also pay one-time, for 5 years, 10 years or regularly, depending on what suits your budget.
RENEWABLE AND CONVERTIBLE
Once your coverage ends, you can renew your coverage depending on the maximum age to renew. You can also convert your plan to a life or endowment plan within a certain period of time without the need to present proof of insurability.
insurance lingo explained
What is a "term life insurance" plan?
Term plans cover you for a specified period and may be renewed later on for the same period as the previous term. This can be done until the maximum issue age of the plan.
THE FINE PRINT
Guardian is a term life insurance plan that can include optional riders.
The allowable issue, renewable, and coverage ages will depend on the variant chosen. You can choose to have coverage for 1 year, 5 years, 10 years or until you reach age 65.
Request for renewal & conversion of Guardian plans and its riders shall be accepted up to a combined medical rating of Class D.
Guardian plan may be converted to a life or endowment plan during the conversion period without evidence of insurability. The face amount of the new plan should not be less than the established minimum for the new plan nor more than the face amount of the Guardian plan. The conversion period depends on the Guardian variant chosen.
Critical Illness Benefit is only attachable to Guardian 65.
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.
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.