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Universal Life
provides life insurance protection with flexible premiums and
built-in investment features that can be tailor-fitted to your
financial needs. The amount of insurance coverage could either
be fixed or increasing. |
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| PRODUCT'S
SPECIAL FEATURES: |
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| Flexible
Premium Payments |
| The
policyowner has the option to pay his premiums in any amount
at his convenience as long as there is enough cash value in
the policy. |
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| Investment
of Funds |
| Premiums
are deposited into a fund where charges are deducted. Any remaining
amount is then credited with interest at competitive rates. |
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| Adjustable
Death Benefit |
| The
policyowner has the option to change the death benefit option
type, which allows the policyowner to have full control over
his living and death benefits. |
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- OPTION A
The death benefit is the greater of
- The Specified Amount; or
- The Limitation Percentage times the Cash Value of
the Policy on the date of the Insured's death
- OPTION B
The death benefit is the greater of
- The Specified Amount plus the Cash Value; or
- The Limitation Percentage times the Cash Value of
the Policy on the date of the Insured's death
* Maximum Limitation Percentage - 105%
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| PRODUCT
SPECIFICS: |
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| Coverage
Period |
| Until
attained age 100 |
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| Rate
Classifications |
| Smoker
and Non-Smoker |
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| Issue
Age |
| based
on Age Last Birthday |
| smoker:
0-70 years old |
| non-smoker:
0-70 years old |
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| Minimum
Face Amount |
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| P500,000.00 |
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| AVAILABLE
RIDERS: |
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- Accidental Death Benefit (ADB)
- Provides beneficiaries an additional amount if the
insured dies by accident
- Issue Age: 5-60 years old
- Specified Amount
Minimum - P500,000.00
Maximum - not greater than basic coverage
- Waiver of Premium (WP)
- Waives monthly deductions to policy's cash values
in case of total or permanent disability
- Issue Age: 18-55 years old
- Primary Insured Rider (PIR)
- Offers additional death benefits on top of the basic
coverage
- Issue Age: 18-60 years old
- Specified Amount
Minimum - P500,000.00
Maximum - 4 x basic coverage
- Other Insured Rider (OIR)
- Provides insurance coverage for the legal spouse of
the Primary Insured and other immediate family members
(parents or siblings) who are legally dependent on the
Primary Insured
- Issue Age: 18-60 years old
- Legally dependent means income earning and relies
on the Primary Insured for sustenance
- Specified Amount
Minimum - P500,000.00
Maximum - not greater than basic coverage
- Children's Insurance Rider (CIR)
- Provides insurance coverage for the biological and
legally adopted children and/or siblings of the Primary
Insured
- Issue age of the child: 3months - 17 years old
- Specified Amount
Minimum - P300,000.00
Maximum - P3,000,000.00 but not greater than basic coverage
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