9. BENEFITS: 5. Paid-up Whole Life Benefit Option: Member’s option* to use his Maturity Value to buy Whole Life Insurance Cover. * at maturity age 82,000.00 19,687 30,313 65 Years Old 94,000.00 23,521 26,479 60 Years Old Attained Age Insurance Cover Maximum Amount Balance Due Member 50,000.00 Single Premium Amount:
10. BENEFITS: 6. Loan Benefit*: > Loan of up to 90% of the Membership Discontinuation Value. > Available after the member’s 1 st year membership. * during the contribution or accumulation period and before reaching the retirement age.
11. ANNUAL CONTRIBUTION PER ATTAINED AGE @ 1 UNIT FOR VOLUNTARY 9,900.00 - 55 8,300.00 9,150.00 50 5,370.00 5,920.00 40 3,340.00 3,790.00 3 0 2,230.00 2,560.00 20 65 Years Old 60 Years Old MATURITY DATE Attained Age
12. ANNUAL CONTRIBUTION PER ATTAINED AGE @ 1 UNIT FOR CORPORATE 9, 0 00.00 - 55 7 , 4 00.00 8 , 200 .00 50 4 , 80 0.00 5, 30 0.00 40 3, 00 0.00 3, 40 0.00 3 0 2, 00 0.00 2, 30 0.00 20 65 Years Old 60 Years Old MATURITY DATE Attained Age
13. Sample Illustration of Benefits Assumed Face Amount : Php 1,000,000.00 Assumed Maturity Age : 65 Years Old No. of Units at 50,000 per unit : 20 Units Member’s Age : 25 Years Ol d Member’s Annual Premium per unit : Php 2,400.00 Member’s Annual Premium at 20 Units: Php 48,000.00 Given: (For Corporate )
15. Sample Illustration of Benefits Assumed Face Amount : Php 1,000,000.00 Assumed Maturity Age : 65 Years Old No. of Units at 50,000 per unit : 20 Units Member’s Age : 25 Years Ol d Member’s Annual Premium per unit : Php 2,670.00 Member’s Annual Premium at 20 Units: Php 53,400.00 Given: (For Voluntary )
17. Benefits Payable to the Member: Case 1: If the Member dies after the third (3rd) year of contribution period Amount of Benefits: Php 1 60 , 2 00.00 – Premium Protect benefits at 3rd year of premium contribution 1,000,000.00 - Life Protect benefits _______ ___ ___________ Php 1,160,200.00 - Total Benefits under the Program, payable to the Member’s beneficiary Sample Illustration of Benefits
18. Condition Applicant need only be in good health and actively at work at the time of program effectivity
20. Reminders: Applications with 1 to 10 units - Non-Medical Limit Applications with 11 units & up - Submit evidence of insurability (Medical)
21. 05% 3 rd Year 05% 2 nd Year 15 % 1 st Year Corporate Annual Commission Commission: (This slide is to be showed for Allies and Marketing Associates only)