|Minimum Annual Premium||P 21,000|
|Payment Terms||One-time, 5, 10 or Regular Pay1|
|Minimum Coverage Amount||P 1,000,000|
|Age of Eligibility for the Insured||* Short Term Cover: 70 years old
* Income Protector: 60 yrs old
* Estate Protector: 70 yrs old
|Coverage||* Short Term Cover: 5 or 10 years, can be extended up to 80 yrs old
* Income Protector: Up to 65 yrs old
* Estate Protector: Up to 120 yrs old
|Short Term Cover
|Takes care of your outstanding short-term financial obligations such as loans and mortgages if you become incapable of paying for it due to your untimely death.|
|Covers you during your prime working years which allows you to provide for your family even when the worst happens.|
|Allows for a smooth transition of your wealth throughout your lifetime.|
The minimum annual premium of at least P21,000 subject to a minimum coverage amount of Php 1,000,000.
Choose to pay for Single pay, 5 Pay, 10 Pay or Regular Pay.1
10% of the plan’s benefit amount up to P100,000 will be advanced within 48 hours to pay for immediate expenses such as funeral expenses.
Receive 100% of the plan’s coverage amount in advance upon diagnosis of a Terminal Illness.
Get additional 100% of the plan’s coverage amount if both the insured and the spouse die in the same accident, and at least one minor child survives.
Additional 20% of the plan’s coverage amount will be given if the insured dies overseas.
Premium payments are waived if you become totally and permanently disabled or if you are diagnosed with a critical illness.
THIS FINANCIAL PRODUCT OF FWD LIFE INSURANCE CORPORATION IS NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION AND IS NOT GUARANTEED BY SECURITY BANK.
FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > 2017 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums