Life Insurance Company: Philam Life

Philam Life is one of the country’s leading life insurance companies. It started as a

company to help Filipinos recover from the destructions caused by World War II. Today, it

operates with the core of helping the nation towards a more progressive and secure future.

The company offers unique and efficient solutions to financial needs of its clients

ranging from life protection, health insurance, savings, education, retirement, investment, group

and credit life insurance plans. They function as an engaging insurance company by having

constant dialogues with their clients to foster relational ties and improve camaraderie. It is also

part of the global group AIA. This is the largest independent publicly listed pan-Asian life

insurance group. The group operates in most of the worlds progressive countries such as Hong

Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan,

Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint

venture in India and representative offices in Myanmar and Cambodia. With an average profit of

5 Billion Pesos, it is the largest insurance company in terms of assets, net worth, investment,

and paid-up capital.

Product Chosen: Whole Life – Vanguard 100

Advantages/Benefits

Guaranteed Lifetime Protection (protected until age 100) Short payment terms with no premium increases throughout the payment period Flexibility to choose the amount of your coverage based on your needs You get affordable protection with a minimum face amount of P150,000 You can increase your protection with accident and health coverage until age 72

Disadvantages/Limitations

No guaranteed dividend payments Whole life policies that are not variable plans are regulated in such a way that their

interest rates are limited