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PREVIEW:
- A 5 Years to Pay maturing at Retirement Age.
- Available up to 20 Units per person (for Voluntary)
-Acceptance age: 20 to 50 years old (for 60 Y/O Retirement Age)
20 to 55 years old (for 65 Y/O Retirement
Age)
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FEATURES:
• Supplemental Retirement Program Supplemental to:
SSS GSIS Other corporate retirement benefits
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DISTINCT FEATURES:
• Upgradeable
• Life & Premium Protection • Maturity on Retirement
• With Paid-up Whole Life Option
• With Loan Benefit
• Affordable rates
• Short term contribution period; Coverage of up to the Retirement Age.
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BENEFITS:
1. Life Protect: Payment of Benefits to the
Member or to the member’s beneficiary on the following Contingencies*:
Death
Total & Permanent Disability
Terminal Illness
* during the contribution or accumulation period and before reaching the retirement age.
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BENEFITS:
2. Premium Protect: Return of Contributions
Paid on the following Contingencies*: Death
Total & Permanent Disability
Terminal Illness
* during the contribution or accumulation period and before reaching the retirement age.
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BENEFITS:
3. Maturity Value:
Upon survival or retirement of the member:
Payment of the 50 Thousand maturity value*
* on the membership anniversary immediately after reaching the Retirement Age.
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BENEFITS:
4. Program Discontinuation:
Upon the member’s discontinuation of the program:
An amount will be paid to the Employer (if Corporate) or to the Member (If Voluntary)*
* Based on the Table of Program Discontinuation Values.
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BENEFITS:5. Paid-up Whole Life Benefit
Option: Member’s option* to use his Maturity
Value to buy Whole Life Insurance Cover.
* at maturity age
82,000.0019,68730,31365 Years
Old
94,000.0023,52126,47960 Years
Old
Attained Age
Insurance CoverMaximumAmount
Balance DueMember
50,000.00Single Premium
Amount:
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BENEFITS:
6. Loan Benefit*:
> Loan of up to 90% of the Membership Discontinuation Value.
> Available after the member’s 1st year membership.
* during the contribution or accumulation period and before reaching the retirement age.
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ANNUAL CONTRIBUTION PER ATTAINED AGE @ 1 UNIT
FOR VOLUNTARY
9,900.00-55
8,300.009,150.0050
5,370.005,920.0040
3,340.003,790.0030
2,230.002,560.0020
65 Years Old 60 Years Old
MATURITY DATEAttained Age
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ANNUAL CONTRIBUTION PER ATTAINED AGE @ 1 UNIT
FOR CORPORATE
9,000.00-55
7,400.008,200.0050
4,800.005,300.0040
3,000.003,400.0030
2,000.002,300.0020
65 Years Old 60 Years Old
MATURITY DATEAttained Age
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Sample Illustration of Benefits
Assumed Face Amount : Php 1,000,000.00Assumed Maturity Age : 65 Years OldNo. of Units at 50,000 per unit : 20 Units Member’s Age : 25 Years Old Member’s Annual Premium per unit : Php 2,400.00Member’s Annual Premium at 20 Units: Php 48,000.00
Given:
(For Corporate )
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PREMIUM PROTECT:LIFE PROTECT:
ATTAINED AGE:25 26 27 28 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
5 YEARSCONTRIBUTION
PERIOD
ACCUMULATION PERIOD
48K96K
144K
192K240K
1.240M
1 M
OR 1M at Retirement
Sample Illustration of Benefits(For Corporate )
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Sample Illustration of Benefits
Assumed Face Amount : Php 1,000,000.00Assumed Maturity Age : 65 Years OldNo. of Units at 50,000 per unit : 20 Units Member’s Age : 25 Years Old Member’s Annual Premium per unit : Php 2,670.00Member’s Annual Premium at 20 Units: Php 53,400.00
Given:
(For Voluntary )
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PREMIUM PROTECT:LIFE PROTECT:
ATTAINED AGE:25 26 27 28 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
5 YEARSCONTRIBUTION
PERIOD
ACCUMULATION PERIOD
53.4K106.8
K
160.2K
213.6K
267K
1.267M
1 M
OR 1M at Retirement
Sample Illustration of Benefits(For Voluntary )
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Benefits Payable to the Member:
Case 1: If the Member dies after the third (3rd) year of contribution period
Amount of Benefits:
Php 160,200.00 – Premium Protect benefits at 3rd year of premium contribution
1,000,000.00 - Life Protect benefits _____________________
Php 1,160,200.00 - Total Benefits under the Program, payable to the Member’s beneficiary
Sample Illustration of Benefits
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Condition
Applicant need only be in good health and actively at work at the time of program
effectivity
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Usual underwriting restrictions shall be applied.
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Reminders:
Applications with 1 to 10 units - Non-Medical Limit
Applications with 11 units & up - Submit evidence of insurability (Medical)
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05%3rd Year
05% 2nd Year
15% 1st Year
Corporate Annual Commission
Commission:(This slide is to be showed for Allies and Marketing Associates
only)
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Thank you!