Family Income Protection Funds

Limited Pay Whole LifePlans

– Two(2) PayLife, Participating

– Five(5)PayLife, Participating

– Ten(10)PayLife, Non-Participating

Family Income Protection Funds
Employers will want their employees to avail of on a voluntary basis life insurance protection, payable through salary deduction. This encourages savings & promotes financial responsibility.
Life insurance augment savings in banks by parents/income providers; Upon death of the income earner, life insurance funds are paid directly to designated beneficiaries, free of estate taxes and free and free of the hassles legal processes. Limited paylife plans provide lifetime insurance protection, and the shortest paying period of only 2, 5 or 10 years. After 2, 5 or 10 years, the policy becomes fully paid-up and life insurance coverage continues for life.

Guaranteed cash values accumulate during the insured’s lifetime. These may be availed of thru a policy loan for any cash needs. The amount of coverage, net of any policy loan, plus accumulated dividends will be paid to the insured’s designated beneficiaries in case the insured dies by natural or accidental causes. The 2/5 Payplans share in the company’s divisible surplus income and are credited with annual dividends after the 1st or 2nd year, which may be left with the company to accumulate. Dividends are not guaranteed.

Member’s Eligibility
– 1 to 70 years old (age as of the nearest birthday)
– 51 and above are required to undergo the medical exam Juvenile Insured
– Minor member who is covered by the plan
– 0 to 17 years old
– Payor should be 18-62 years old Minimum amount of coverage:
– P50,000.00
Maximum amount of coverage:
– Depending on the financial Underwriting Riders that can be attached
– Waiver of Premium due to Disability(WPD)
– Accidental Death Benefit(ADB)
– Special Accident Rider(SAR)
• For 2PL & 5PL only
– Special Accident Rider with Disability Indemnity(SARDI)
• For 2PL & 5PL only
– Hospital Income Benefit(HIB)
– Payor’s Clause (PC)

Wealth Management Plans

Limited Pay Whole Life Plans

– Two(2) PayLife, Participating

– Five(5)PayLife, Participating

– Ten(10)PayLife, Non-Participating

Wealth Management Plans
Life insurance utilizes the principle of risk-sharing and the “law of large numbers” to make possible the payment of large amount of life insurance death benefits to beneficiaries compared to actual premiums(cost) paid. To create more assets for heirs.The concept is to channel part of savings from bank accounts to pay for life insurance premiums an amount that could purchase the largest amount of coverage for beneficiary death benefit.

Life insurance augment savings in banks by parents/income providers; Upon death of the income earner, life insurance funds are paid directly to designated beneficiaries, free of estate taxes and free and free of the hassles legal processes. Limited pay life plans provide lifetime insurance protection, and the shortest paying period of only 2, 5 or 10 years. After 2, 5 or 10 years, the policy becomes fully paid-up and life insurance coverage continues for life.

Guaranteed cash values accumulate during the insured’s lifetime. These may be availed of thru a policy loan for any cash needs. The amount of coverage, net of any policy loan, plus accumulated dividends will be paid to the insured’s designated beneficiaries incase the insured dies by natural or accidental causes. The 2/5 Payplans share in the company’s divisible surplus income and are credited with annual dividends after the 1st or 2nd year, which may be left with the company to accumulate. Dividends are not guaranteed.

Member’s Eligibility
– 1 to 70 years old
(age as of the nearest birthday)
– 51 and above are required to undergo the medical exam Juvenile Insured
– Minor member who is covered by the plan
– 0 to 17 years old
– Payor should be 18-62 years old
Minimum amount of coverage:
– P50,000.00
Maximum amount of coverage:
– Depending on the financial Underwriting Riders that can be attached
– Waiver of Premium due to Disability (WPD)
– Accidental Death Benefit(ADB)
– Special Accident Rider(SAR)
• For 2PL & 5PL only
– Special Accident Rider with Disability Indemnity(SARDI)
• For 2PL & 5PL only
– Hospital Income Benefit(HIB)
– Payor’s Clause(PC)

Savings and Retirement Plans

Money Value Plus(MVP)Plans

-Two(2) Pay,7 Year Maturity

-Five(5) Pay,10 year Maturity

-Five(5) Pay,15 year Maturity

-Five(5) Pay,20 year Maturity

 
While providing their loved ones with financial protection, professionals or business men need to have a packaged savings or retirement fund accumulation program that can provide funds for future expenses or to help them achieve financial freedom during their retirement years.

Money Value Plus Plans provide lumpsum maturity benefit payments at the end of either 7, 10, 15 or 20 years; And lifetime protection from issue date. Premiums are payable for 2 years for the 7 year maturity plan, or 5 years for those that mature in 10, 15 or 20 years.

1. Entry age is 30 days up to 70 years old short payment period, and level amount of lifetime insurance protection from issue date, with annual dividends credited after the 1st or 2nd year

2. Guaranteed Maturity Values equal to the amount of insurance plus accumulated dividends will be paid to the policy owner if the insured survives the end of the maturity period chosen.

3. After maturity, guaranteed cash values will to continue accumulate during insured’s lifetime; And, the insured will continue to share indivisible surplus earnings of the company.

A free Savings Account Deposit opening balance in accredited banks and branches of choice is also guaranteed. The opening balance amounts are
1. P1,000, for face amounts of less than P500,000
2. P5,000, for face amounts of P.500,000 and up

Member’s Eligibility
– 0 to 70 years old
(age as of the nearest birthday)
– 51 and above are required to undergo the medical exam Juvenile Insured
– Minor member who is covered by the plan
– 0 to 17 years old
– Payor should be 18-62 years old
Minimum amount of coverage:
– P50,000.00
Maximum amount of coverage:
– Depending on the financial Underwriting MVP Plans Package Riders
– Waiver of Premium due to Disability (WPD)
– Accidental Death Benefit(ADB)
– Pure Endowment Rider(PER)
– Contingency Fund(CF) Riders that can be attached
– Hospital Income Benefit(HIB)

Protection & Healthcare Plans

5 PayLife with CF

5 Paylife with CF Protection Plan is a package that bundles a 5 PayLife, Participating Plan, with Accidental Death Benefit and Contingency Fund(CF).
This plan guarantees payment of the amount of insurance to beneficiaries in case of the insured’s natural or accidental death while the policy is in force.

Upon application, optional/supplementary benefits maybe attached to 5 Paylife with CF Protection Plan:

1. Annual Physical Exam for 5 years(for P50.00/month)

5 Paylife with CF Protection Plan Specifications

1. Salary deduction for a maximum of 5 years
2. Level amount of coverage from issue age for life
3. Guaranteed cash values credited end of 2nd year, increasing end of each year
4. Accidental Death Benefit(ADB) Rider for issue ages up to age 51 only
5. Contingency Fund(CF) Rider
This rider enables the insured to save and maximize earnings. Contingency Fund accumulations augment guaranteed cash values of the main plan.
P100.00 per month is included in an applicant’s monthly premium, for the paying period of 5 years only.
An applicant may increase his CF for a Maximum of 50% of monthly premium.
CF will earn a guaranteed interest of 4% compounded per year. This interest will be credited up the mandatory retirement age of 56, unless CF is with drawn earlier.
The accumulated CF plus guaranteed cash values of the 5 Pay Life plan will serve as a retirement fund at age 56.

Applicant should accomplish/sign 2 original copies of the CF form, submitted together with the insurance application and the “authorization to deduct” form

Optional Benefits, available upon application:
1. Annual Physical Examination within 5 years
• Medical History/Physical examination
• Chest X-ray
• Urinalysis
• Fecalysis
• Complete blood count
Available in Starcare-affiliated clinics nationwide(except mall-based clinics; Can be availed of after eight(8) months of payroll deduction. Transferrable to immediate family members, that is, legal spouse, children, parents or siblings of the insured.

– Regular employees ages 18-51 yrs. old

– 5 Paylife with CF Plan Package Rider
– Accidental Death Benefit(ADB)
– ContingencyFund

Maximum amount of CF
– 50% of Fixed Monthly Premium
Riders that can be attached
– Annual Physical Examination
with an additional P50.00/month to fixed monthly premium
– Memorial Service Benefit

10 PayLife with CF

10 Paylife with CF Protection Plan is a package that bundles a 10 PayLife, Non-Participating Plan, with Accidental Death Benefit and Contingency Fund (CF) riders.
This plan guarantees payment of the amount of insurance to beneficiaries incase of the insured’s natural or accidental death while the policy is in force.

Upon application, optional/supplementary benefits may be attached to this package:
1. Annual Physical Exam, for 10 years; and/or
2. Memorial Service Benefit(MSB).This option is available with no additional premium required

10 Paylife with CF Protection Plan Specifications
1. Salary deduction for a maximum of 10 years
2. Level amount of coverage from issue age for life
3. Guaranteed cash values credited end of 3rd year, increasing end of each year
4. Accidental Death Benefit(ADB) Rider for issue ages up to age 46 only
5. Contingency Fund (CF) Rider
This rider enables the insured to save and maximize earnings. Contingency Fund accumulations augment guaranteed cash values of the main plan P100.00 per month is included in an applicant’s monthly premium, for the paying period of 10 years only. An applicant may increase his CF for a Maximum of 50% of monthly premium.
CF will earn a guaranteed interest of 4% per year up to the mandatory retirement age of 56, unless CF is withdrawn earlier
Applicant should accomplish/sign 2 original copies of the CF form, submitted together with the insurance application and the “authorization to deduct” form

Optional Benefits, available upon application:
1. Annual Physical Examination for 10 years
• Medical History/Physical examination
• Chest X-ray
• Urinalysis
• Fecalysis
• Complete blood count
Available in Starcare-affiliated clinics nationwide(except mall-based clinics; Can be availed of after eight(8) months of payroll deduction. Transferrable to immediate family members, that is, legal spouse, children, parents or siblings of the insured.

Member’sEligibility
– BFP Regular employees ages 18-46 yrs. old

10 Paylife with CF Plan Package Rider
– Accidental Death Benefit(ADB)
– Contingency Fund

Riders that can be attached
– Annual Physical Examination with an additional P85.00/month to fixed monthly premium
– Memorial Service Benefit

Mega Gold Multi Life Protector Plus

This package combines a 5 Pay permanent life Insurance; with group term life insurance and health care coverage riders during the 5-year premium paying period.

1 Entry age is 20 to 55 years old; exit age for the group insurance and health care coverage is 60 years old. Health care coverage is only within the 5 year paying period.

2. Fixed monthly premiums, payable through payroll deduction, range from P495/month to P710/month, payable for 5 years only; the amount of permanent life insurance coverage depends on the amount of monthly premium and issue age of the insured(seetable). Coverage of this permanent plan continues for life, after premiums have been fully paid for 5 years.

3. During the 5 year premium paying period, the insured enjoys an additional P48,000 term life insurance coverage;

4. The permanent life insurance generates guaranteed cash values and earns annual dividends depending on the amount of the company’s divisible surplus, if any.

5. This Plan includes, during the 5-year paying period, a Health care coverage that provides—emergency, out-patient and in patient medical service/benefits (Philhealthinclusive) in selected affiliated clinics/hospitals only, includes coverage on job-related injuries for non-hazardous type of industries; subject to Eligibility, Pre-existing conditions, Dreaded Disease Limit and Exclusions provisions of the program. Aggregate Benefit Limits per year range from P30,000 up to P40,000, depending on monthly premium/plan chosen*.
Monthly Room & Annual Total
Premium Board Benefit Limit*
P495 P600/day P30,000
P545 P600/day P30,000
P610 P650/day P35,000
P710 P700/day P40,000
*refer to the table of benefits/exclusions.

Member’s Eligibility
ENTRY AGE
• Basic Plan: Age 20-55 years old
• GYRT: Age 20-55 years old
• HMO: Age 20-55 years old
• Below Age 20 years old subject for underwriting approval

Minimum & Maximum amount based on Fixed Premium
– P495 to P710

Mega Gold Plus Plan Package Rider
– Health Care(during 5 yr paying period), inclusiveofPhilHealth
– Covered Emergency Cases
– In Patient
– Out Patient
– Annual Physical Examination
• Medical History/Physical Exam
• Chest X-ray
• Urinalysis
• Fecalysis
• Complete Blood Count
• Optional:ECG/PapSmear
(40 years old & above)
Note: APE could be availed of after 11 months of continuous payment