WHY CONSERVE YOUR POLICY?

• Surrendering your policy would mean stoppage of the valuable life insurance coverage you have wisely provided for you and your loved ones. If you will decide to apply for life insurance coverage in the future, the premiums will definitely be higher as you will be older by then. Your current health condition must also be considered as an important factor.

SOME FRIENDLY TIPS FOR POLICYHOLDERS

• If you need cash now, you can simply apply for a policy loan instead of surrendering your policy. Then your insurance coverage shall still continue provided you pay the premiums as they fall due.
• If you wish to maintain the enforcement of your permanent insurance policy without paying the annual premium dues, you can also choose from the following options:
• Reduced Paid-Up Option, and be covered with a reduced Face Amount of insurance coverage.
• Extended Term Insurance Option, and be covered with a term insurance plan.

DEFINITION OF SOME INSURANCE TERMS:

• Premiums are the actual amount of money charged by insurance companies for active coverage. This is generally collected in monthly, quarterly, semi-annual or annual payments.
• Cash Values are guaranteed savings. These are derived from policy reserves.
• Dividends are coming from the surplus earnings of the insurance company which the board of directors have decided to share to policy owners with participating policies.
• Temporary policies offer only protection or death benefit over a limited period of time.
• Permanent policies offer death and living benefits within the insured's lifetime. Living benefits may be in the form of dividends, anticipated endowments and cash values. Examples of these are endowment and whole life policies.

TROUBLE-FREE PAYMENT OPTIONS

• Life is fast-paced, and we understand that your busy lifestyle demands equally fast and efficient service. To make insurance premium payments more hassle-free for you, AsianLife has set up different payment options that will suit your lifestyle and match what is most convenient for you. The choice is yours.
  
  • Payment thru AsianLife Offices = You can pay your premium at any AsianLife office nationwide. Our friendly front office staff will gladly assist you.
  • Payment thru Union Bank = Simply fill out the "Bills Payment" form. All branches of Unionbank will eagerly accept the over-the-counter premium payments. Just indicate the complete name of "AsianLife Financial Assurance Corporation" in the form.
  • Payment thru Bayad Center = Simply:
    1. Fill out the Transaction/Payment form available at any of the 627 sites nationwide. Indicate the name of the insured, the policy number and the amount due.
    2. Present to the teller the premium notice, filled-out Transaction/Payment Form and the payment. Payment will not be accepted without the Premium Notice.
    3. Wait for the Premium Notice and validated Transaction/Payment Form.
    4. Official Receipt from AsianLife Head Office will be mailed to your mailing address within 2 weeks from the payment date.