Philam Life launches new product

 (The Philippine Star) Updated April 27, 2010 12:00 AM Comments (0)

MANILA, Philippines - Industry leader Philippine American Life and General Insurance Co. (Philam Life) has introduced Build and Protect, a savings-and-insurance all-in-one plan that helps turn dreams into reality.

Through affordable premiums and short payment schemes, policyholder can save for their dream house, dream vacation, or dream business easily. And since Build and Protect offers life insurance coverage, policyholders can save for their dreams knowing that they are protected.

Build and Protect offers the following benefits to help the policyholders’ dreams become reality: affordable premiums, early dividends or cash benefits, short paying period, early maturity at 15 years, special bonus at maturity, and financial security.

This product is ideal for breadwinners who want to build their savings and secure their family’s future – for as low as only P2,000 per month.

Payment terms are flexible as policyholders can choose from short payment periods of either five or 10 years, which can be paid in annual, semi-annual, quarterly or monthly payment terms.

Over a period of 15 years, Build and Protect provides a lump sum maturity benefit equal to 200 percent of the face amount, plus a maturity bonus of up to 20 percent of the face amount. Build and Protect also earns dividends immediately the year after the last premium payment – on the sixth year (for five-year pay period) or 11th year (for 10-year pay period).

Build and Protect also provides life insurance coverage equivalent to 200 percent of the face amount.

For more details on Build and Protect, www.philamlife.com, call 528-2000, go to the nearest Philam Life office or contact your Philam Life agent. 09393989400


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