This blog is solely for Philam Life Insurance. Future articles will deal with matters relating to life insurance, investment and business insurances. As Philam Life's Financial Advisor, I share the company's vision of spreading financial literacy to Filipino families.
This blog will help all Philam Life Insurance stake holders.
10 Things to Know About VUL Life Insurance In the Philippines: Philam Life's Moneyworks - 5 Year Pay | EfPrime Financials
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Philam Life's Moneyworks - 5 Year pay | EfPrime Financials
If death should happen to the person of the ensured, the beneficiaries are entities to the face amount of the life insurance coverage or the account value (investment) whichever is higher.
Let me show you a sample computation for a single person age 30 years of age.
Life Insurance Coverage P1,300,000.00
Term Insurance P650,000.00
Health and Accident Coverage P1,300,000.00
Health Fund for HealthCare P650,000.00
Waiver of Premium Yes
Hospitalization Coverage
Daily Hospital Income Benefit P2,000.00/day
Long term hospital benefit P2,000.00/day
Intensive Care Unit benefit P4,000.00/day
Outpatient Treatment Benefit P1,000.00/day
The total cost of insurance is P233,715.76 per year or P19,491.81 per month. You can opt to reduce the amount of insurance by reducing the protection that you enjoy.
By not reducing the said cost of insurance and investment, you will learn later on that what you pay for will also go to your personal investment account. You are protecting your family at the same time as you are protecting your self. Computation is based on a 10% rate of return
As you can see, protektado mo na ang mga mahal mo sa buhay, meron ka pang kumikitang investment. This can be your retirement fund if you successfully finished paying for your life insurance policy. #Sanaoil
Comprehensive Accident Coverage
You are protected against unnecessary expenses caused by accidents. If in case you were involved in an accident, you will get your accident insurance overage. If the accident becomes the cause of death, the insured's beneficiary will get accident insurance coverage plus the amount of life insurance.
Critical illness coverage
The insured is covered against 11 early stages of critical illnesses and 56 critical illnesses. Yes, the complications that can be brought about by COVID 19 such as kidney problems, stroke, heart attack, terminal illness, end-stage lung disease are all included and covered under this life insurance.
You can build a greater amount of Health Fund or Investment Fund or educational fund if you do a simple technique i.e. top-up of PhP10,000 per year. You will realize that the level of investment grows bigger as compared to the investment without top-up. Computation is based on a 10% rate of return.
Waiver of Premium
If in case the insured suffered a critical illness, then the policy is considered fully paid already.
Hospitalization Coverage
This rider is paid to the ensured if in case he/she, unfortunately, is confined in the hospital. Hospitalization Coverage
This financial product is why Philam Life leads the market. With this technology, you can convert your physical exercise into PhP200.00 cash reward or its equivalent. Further, Philam Vitality can boost your investment and life insurance coverage by up to 50%. Related: What is Philam Vitality?
Is this policy for me?
If you are looking to invest in life insurance that has the highest rate of return, then, choose this life insurance policy. This policy can be an educational fund of your kids or maybe your health fund for your future use or maybe your retirement fund.
I personally endorse this life insurance if you are looking to grow your hard-earned income. This is one of the best life insurance present in the industry because of its ability to give returns.
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The Author is advising readers to consult with your respective Financial Advisors before venturing in any investments. Investing your money is dependent to your goals and your risk tolerance. You should know the risks and rewards of investing before you actually do the same. The illustrations above are for educational purposes only and any risks or losses that you may incur are imputable to your respective decisions.
The author does not in any way provide a guaranty as to the effectiveness and quality of the products and services that are featured in this blog. The products and services were advertised based on personal experience and product and service reviews that the product/service received.
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People often buy life insurance for retirement and wealth generation. Often, they don't realize the value of having a critical illness protection plan until the time that they are being diagnosed with the illness. Photo from Pexels.com Note that as the years pass by, the age of people who are being diagnosed with a critical illness are getting younger in age. I hope this blog will help you realize the importance of critical illness protection. Source: Screen Shot from Facebook - for educational purposes only Let me discuss with you this Philam Life Insurance that is one of the bestsellers of Philam Life Insurance as we shift in promoting protection over VUL Life Insurance. The 10 Things that you should know about Philam Life ACP 100 are as follows: Major Critical Illness or Life Insurance Benefit - covered until age 100 Minor Critical Illness Benefit - covered until age 100 Gender Specific Cancer Benefit - covered until age 100 Recovery Benefit Philam Vitality Cash Rewards a
Photo Credits: Canva.com *** I have gift for you down below. If you register to use G-cash, you will be given PhP70.00 in freebies This blog will make you solve your question as to how you can pay your Philam Life Life Insurance thru Gcash app. Before discussing that, let me first say to you the advantages of having an online payment platform such as Gcash. The advantages of having a G-cash online payment platform are the following: Ease of paying bills; None exposure to Covid-19 virus; Focus in more important task first; and You can do it anytime. View my comprehensive explanation about online payment and the online behavior of Filipinos in today's trying times. Start Trading Online! Claim $50 if you invest a minimum of $200.00 Here are the steps in paying Philamlife Life Insurance via the Gcash app: Step 1: Register by signing up for your Gcash application. If you already have a Gcash application, then open it up. Source: G-Cash Screen Shot Step 2: Fund your Gcash amou
All in One Philam Life Insurance policy is one of the cheapest and most comprehensive permanent Philam Life life insurance policies available in the market today. Here are some of its most important inclusions: Life insurance coverage; Maturity Benefit; Personal Accident coverage; Total Permanent Disability; 10 Critical Illness coverage; Waiver of Premium; Cost of Insurance Philam Vitality; Terms of Payment ; and Cash Surrender Value. How to buy this insurance? Click here. Photo Credits: Canva.com Life insurance coverage If the unexpected death of the insured happens, then the face amount of life insurance will be given to the beneficiaries. Maturity Benefit The Face Amount of the Philam Life Insurance will be given to the person insured if he/she reaches the age of 100. Personal Accident coverage If the Insured gets into unfortunate events on an accident that results in loss of life, a cash benefit equivalent to the face amount of the Philam Life Insurance will be giv
Philam Life's Active Health and Invest Plus | EfPrime Financials Date Updated: Summary Here are the things that will be discussed: Pros and Cons Life Insurance Coverage Comprehensive Accident Coverage Investment for Retirement Critical Illness Coverage Health Fund for your Future Health Care needs Waiver of Premium Hospitalization Coverage Philam Vitality Is this policy for me? How to buy this insurance? Click here Conclusion Concept of Investing Explained Investing is a process in which an investor entrusts his/her hard-earned income into an investment platform for a particular period of time to earn additional income and to recover as well the amount of principal investment. Investing in a VUL Life insurance is likewise the same as investing in the stock market. However, VUL investment enjoys diversification, meaning, the investment platforms that a VUL insurance uses i.e. PAMI Philam Bond Fund, PAMI Philam Fund, PAMI Philam Strategic Growth Fund, and PAMI Philam Equ
These are what you need to know about Philam Life Insurance. I hope you'll find what you are looking for here. If there are things that you want to be included or you have a question, kindly comment below, we will include it in our summary sheet later on. This will be updated with links from time to time. Attend to Our One Hour Online Seminar on How to Maximize Your Hard-Earned Income. All About the Author My Services All About Philam Life Insurance This will make you choose Philam Life as an investment partner What You Need to Know About Life Insurance? Why invest in life insurance? I mportance of having Life Insurance with Updated Premium Payments - EfPrime Financials Tips to save in your Life Insurance Premiums The Effect of Elimination Period in Life Insurance Life Insurance is More Important than Emergency Fund Why Medical Frontliners Need a Life Insurance What are the critical illnesses covered by Phillam Life Insurance? Covid-19 illnesses are covered VUL vs. Stock Mark
Philam Life's Family Provider| EfPrime Financials Date Updated: Summary Here are the things that will be discussed: Pros and Cons Life Insurance Coverage Comprehensive Accident Coverage Investment for Retirement Critical Illness Coverage Health Fund for your Future Health Care needs Waiver of Premium Philam Vitality Is this policy for me? How to buy this insurance? Click here Conclusion Pros and Cons Pros Short term pay only You are protecting your family while preparing for your future needs; Can be your retirement fund You are insured as long as you have investment balance Maximized the use of your hard-earned income Comes with PhP200.00/week or P10,400.00 per year plus coverage boost You will enjoy peace of mind You have withdrawable investment in case there comes an emergency Cons No hospitalization coverage High minimum amount of Premium Watsons Life insurance Coverage If death should happen to the person of the ensured, the beneficiaries are entitie
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