MANILA, Philippines - The Philippine American Life and General Insurance Co. (Philam Life) has uncorked a one-pay savings and life insurance plan-in-one.
One-Pay Build and Protect gives customers savings to start their own dream business, go on that dream vacation or retire at an early age.
And aside from the convenience of a one-time payment, customers can grow their hard-earned money by double the face amount while enjoying life insurance protection up to the policy’s maturity on the 15th year.
In addition, customers can also enjoy the following key benefits, including: additional maturity bonus of as much as 20 percent of the face amount; potential dividends that clients can accumulate and enjoy at the end of policy’s 15th year; it is open to clients from zero to 70 years old; and, at a minimum one-time payment from as low as P65,300 for a 30-year old.
For example, 30-year-old Mark Santos and his wife have always wanted to travel to Europe, but setting aside an amount every month to save up for that dream proved to be challenging. With his pre-Christmas bonus coming soon, Mark wants to put the entire amount in a savings instrument that will give him better yield plus life insurance protection.
With Philam Life’s One-Pay Build and Protect, Mark can make a one-time payment of only P129,800 and in 15 years, he can get a lump-sum cash benefit of as much as P260,000, enough for him to go on that European cruise with his family!
Moreover, Mark gets life insurance worth P200,000 for the next 15 years, giving him the assurance that his family will be covered in an unfortunate event.
Philam Life is the largest life insurance company in the Philippines and the market leader for 60 years. The insurer offers an extensive line of innovative products that provides solutions to various financial needs including income protection, retirement, education, investment, health, personal accident, group life and credit life. With approximately 6,000 agents and over 70 branch offices nationwide, Philam Life has one of the largest distribution networks in the industry. Philam Life is a member of the AIA Group, a leading life insurance organization in Asia.