2014 LICENSE RENEWAL GUIDELINES

LICENSING RENEWAL MADE EASY IN JUST THREE STEPS

1. Accomplish the License Renewal Form which consists of three (3) portions,
namely:
a. License Renewal Form - wherein the advisor must provide all of the required
information and attach a 1x1 colored picture with white background.
b. Advisor/Leader must indicate renewal for the applicable license Traditional (OL)
and/or Variable Universal Life (VUL).
i.

Only agents who are qualified to renew their Traditional licenses will be allowed
to renew their VUL license provided they meet the minimum requirement of
P3,600 earnings derived from the VUL businesses.

ii.

If the advisor/leader fails to renew his/her life license, his/her VUL license will
also not be renewed.

c. Market Conduct Guidelines (MCG) and Agency Contract Certification, the

Advisors/Leaders Annual Certification as required by Compliance. This portion MUST
be filled up and signed accordingly.

2. Avail of cash-free payment via SOA charging. Payment can be made via SOA
charging if the complete renewal forms are submitted on or before May 31, 2014 and
assuming that the advisor/leader is on credit balance. Those on debit balance may pay their
renewal fees over the counter at any Philam Life Cashier. It is best to settle your renewal
fees early to avoid incurring penalties.

3. Submit all of the required documents to your Licensing Account Officer.

Submission of 2013 Income Tax Return (ITR)

Accomplished License Renewal Form, signed by the advisor/leader
Filled up and signed Market Conduct Guidelines (MCG) and Agency Contract
Certification
Advisors copy of the Cashiers Receipt of renewal fee (for those who are on SOA debit
as of May 31, 2014 & those who will submit after May 31, 2014).

Please send all documents to Licensing, Philam Life, 18F Net Lima Building, 5th Avenue
corner 26th Street, Bonifacio Global City, Taguig 1634