Life Insurance

Whole Life

 Term Insurance

 Monthly Contribution

 Fixed Amount depends on rank

 Certain percentage of base pay but not more than 1.5%

 Living Benefit

 Cash Value (CV)

 Member's Equity + earned CV at conversion

 Loan

Policy Loan at 6% interest per annum

 Equity Loan at 6% interest per annum

 Dismemberment/ disability benefit

 Depends on Face Amount

 Higher benefit depending on Face Amount

Death Benefit (natural)

Face Amount

Face Amount + Equity Fund

 Death Benefit (accidental)

 Face Amount

200% of Face Amount    + Equity Fund

 Death Benefit (KIA)

 Face Amount

 150% of Face Amount + P50,000 + Equity Fund

Premium Paying Period

Maturity Date

Dividends

Bonus

Other Features and Benefits

Loan Priviledges

College Educational Plan (for children 0-11 years old)

5 years

Policy Anniversary month following child’s 17^th birthday

Starting on the 4^th policy year up to policy anniversary date prior to child’s 16^th birth date

None

Waive premium payment for death or total & permanent disability of payor

Policy

Salary

MEDAL

Endowment at 10/15/20 Years

10/15/20 years

After 10/15/20 years

Starting on the 4^th policy year up to the year before maturity date, if participating

None

None

Policy

Salary

MEDAL

Anticipated 20-Year Endowment

20 years

After 20 years

None

20% of face amount on the 5^th, 10^th, 15^th policy anniversary dates

None

Policy

Salary

MEDAL

Easy Pay (10-20 Plan)

10 years

After 20 years

Starting on the 4^th policy year up to the year before maturity date

None

None

Policy

Salary

MEDAL

Saver’s Protection Plus (10-15 Plan)

10 years

After 15 years

Starting on the 4^th policy year up to the year before maturity date

20% of face amount yearly starting on the 10^th-14^th policy anniversary dates

Double Insurance coverage in case of death from 6^th-15^th year

Policy

Salary

MEDAL

20 Pay Life

20 years

Lifetime

Starting on the 4^th policy year up to age 98, if participating

None

None

Policy

Salary

MEDAL

Whole Life

Lifetime

Lifetime

Starting on the 4^th policy year up to age 98, if participating

None

None

Policy

Salary

MEDAL

Endowment at 56(for uniformed personnel only)

Up to last month prior to insured’s 56^th birth date

On the insured’s 56^th birthday

    Starting on the 4^th policy year up to age 55

None

·         Premium is 3% (PNP, BFP, BJMP) or 5% (AFP & PCG) of Basic Pay

·         Increase in pay of insured increases the premium and coverage

·         Double indemnity for accidental death

·         With disability benefit for accident

·         Maturity benefit can be claimed in lump-sum or 3-yr staggered

·         With burial benefit of P5,000 (3% premium) or P10,000 (5% premium)

Policy

Salary

MEDAL