Salary Loan Insurance (SLI) Program


 


FEATURES:

Plan Type : 5 Year Term Plan

Investment Period: 5 Years

BENEFITS:

  • Built in with the following:
    • Hospital Daily Income Benefit Rider (provides a certain amount of money in case of hospital confinement)
    • Terminal Illness Benefit Rider (advances 50 % of the Face Amount if the life insured is diagnosed with a terminal illness)
  • Death Benefit - Full Face Amount is given to the beneficiary/ies upon the demise of life insured
  • Living Benefit - Cash values start on the 2nd yr (available in case of emergency)

UNDERWRITING GUIDELINES:

  • Issue ages : 20 - 55 yrs old
  • Minimum FA : Php 400K
  • Convertibility : up to age 55
  • Life insurance policy takes effect once the monthly premium payment is reflected in the teacher's/employee's payroll; provided the applicant is in good health at the time of application

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