This document summarizes the benefits of a term life insurance policy for Sheryl Castillo Alapad, a 29-year old female. The policy provides 1) life insurance coverage of PhP 3,000,000, 2) an accelerated total and permanent disability benefit of PhP 1,500,000, 3) an accidental death and disablement benefit of up to PhP 3,000,000, and 4) a waiver of premium benefit in case of total and permanent disability before age 60. The annual premium is PhP 15,937.19 payable quarterly. The policy renews annually until age 89 and premiums increase each year.
This document summarizes the benefits of a term life insurance policy for Sheryl Castillo Alapad, a 29-year old female. The policy provides 1) life insurance coverage of PhP 3,000,000, 2) an accelerated total and permanent disability benefit of PhP 1,500,000, 3) an accidental death and disablement benefit of up to PhP 3,000,000, and 4) a waiver of premium benefit in case of total and permanent disability before age 60. The annual premium is PhP 15,937.19 payable quarterly. The policy renews annually until age 89 and premiums increase each year.
This document summarizes the benefits of a term life insurance policy for Sheryl Castillo Alapad, a 29-year old female. The policy provides 1) life insurance coverage of PhP 3,000,000, 2) an accelerated total and permanent disability benefit of PhP 1,500,000, 3) an accidental death and disablement benefit of up to PhP 3,000,000, and 4) a waiver of premium benefit in case of total and permanent disability before age 60. The annual premium is PhP 15,937.19 payable quarterly. The policy renews annually until age 89 and premiums increase each year.
This document summarizes the benefits of a term life insurance policy for Sheryl Castillo Alapad, a 29-year old female. The policy provides 1) life insurance coverage of PhP 3,000,000, 2) an accelerated total and permanent disability benefit of PhP 1,500,000, 3) an accidental death and disablement benefit of up to PhP 3,000,000, and 4) a waiver of premium benefit in case of total and permanent disability before age 60. The annual premium is PhP 15,937.19 payable quarterly. The policy renews annually until age 89 and premiums increase each year.
Gender: FEMALE Total 1st Year Premium: PhP 15,937.19 Age: 29 QUARTERLY PAYMENT: PhP 3,984.30
Comprehensive protection
Life insurance coverage
Guaranteed death benefit for your beneficiary/ies in case anything happens to you. Sum Assured: PhP 3,000,000.00
Accelerated Total and Permanent Disability
Cash benefit deducted from the base plan’s sum assured and paid in advance in case you become totally and permanently disabled. Benefit Amount: PhP 1,500,000.00
Accidental Death and Disablement
An additional cash benefit provided in case you meet an accident that results in bodily injury, death, or disability. Maximum Benefit Amount: PhP 3,000,000.00
Waiver of Premium due to Total and Permanent Disability
This exempts you from paying succeeding premiums in case you become totally and permanently disabled due to bodily injury or disease before the policy anniversary immediately following your 60th birthday. Benefit Amount: Premiums falling due until age 89
Things to remember: ▪ This product is yearly renewable and payable until age 89. An incremental increase is 1
applied on the premiums annually.
▪ Renew your policy by simply paying the following year’s premiums. You are not required to submit proof of good health or other forms. ▪ You may convert this plan starting policy year two (2) to any insuravest plans available at the time of conversion.