SPOT THE NOT

On child's lien..

• When the life insured is aged 0-4, only a certain percentage of the SA will be given.

• When the life insured is aged 0-4, the whole SA will be given if it is a single premium contract.

• When the life insured is aged 0-4, and the unfortunate event happened at the age of 4, the beneficiary will get 60% only of the SA.

On loyalty bonus..

• Loyalty bonus is equal to the 10% of the annual premium and is given form 11^th-20^th year.

• Loyalty bonus is given if the client is diligent in paying his/her premiums despite his/her decrease of premiums on the 6^th year.

• Loyalty bonus is still given even if the client paid his premium 15 days late from his/her due date.

On PAA...

• PAA’s premium allocation starts to be 100% on the 4^th year.

• PAA has a surrender charge of 3%.

• PAA has no premium holiday charge.

On waiver of premium on TPD..

• On waiver of premium on TPD, the payor no longer needs to pay during the six-month waiting period for him/her to get his/her claims.

• On waiver of premium on TPD, if the insured recovers from the disability, he/she needs to resume on paying the premiums.

• Waiver of premium on TPD is a core benefit.

On the Hospital Income rider..

• Hospital Income has a waiting period, for illness, of thirty (30) days from effectivity.

• Hospital Income covering pre-existing conditions may only be covered 24 months from the effectivity date of the benefit.

• Hospital Income replenishes every year.

On Multiple Life Care Plus..

• Multiple Life Care Plus (MLCP) is a non-accelerated critical illness rider.

• Multiple Life Care Plus (MLCP) is given if the life insured survives 60 days from the diagnosis.

• In Multiple Life Care Plus (MLCP), the insured may file a claim for 3 times, provided that the critical illness falls in separate categories.

On policy owner/payor...

• 1. Policyowner/payor can be parents, legal guardian, and grandparents in the direct bloodline if they are of legal age, have their own income, and have insurance coverage of their own lives.

• Policyowner/payor can be: PLI is a minor and PLO is not the parent, provided that no parents’ signature is affixed in all documents.

• Policyowner/payor can be the company where PLI works

On Life Care Benefit...

• Life care benefit has 90 days clearing period.

• Life care benefit cannot be claimed if it happens within the two-year contestability period.

• Life care benefit is not a core rider.

On politicians..

• If a politician applies to be insured, max coverage is PhP 5,000,000 (subject for financial UW).

• If a politician applies to be insured, a flat extra of PhP 5.00 per thousand.

• If a politician applies to be insured, no other optional riders can be attached.

On high risk clients...

• Politically Exposed Persons are High Risk Clients (AML).

• Relatives/Close Associates (RCA) of High Risk Clients (AML).

• Entertainers/Performers High Risk Clients (AML).