Life Insurance Company: Philam Life

Philam Life is one of the countrys leading life insurance companies. It

started as a company to help Filipinos recover from the destructions caused
by World War II. Today, it operates with the core of helping the nation towards
a more progressive and secure future.
The company offers unique and efficient solutions to financial needs
of its clients ranging from life protection, health insurance, savings,
education, retirement, investment, group and credit life insurance plans. They
function as an engaging insurance company by having constant dialogues
with their clients to foster relational ties and improve camaraderie. It is also
part of the global group AIA. This is the largest independent publicly listed
pan-Asian life insurance group. The group operates in most of the worlds
progressive countries such as Hong Kong, Thailand, Singapore, Malaysia,
China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New
Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent
joint venture in India and representative offices in Myanmar and Cambodia.
With an average profit of 5 Billion Pesos, it is the largest insurance company
in terms of assets, net worth, investment, and paid-up capital.
Product Chosen: Whole Life Vanguard 100
Advantages/Benefits

Guaranteed Lifetime Protection (protected until age 100)

Short payment terms with no premium increases throughout the
payment period
Flexibility to choose the amount of your coverage based on your needs
You get affordable protection with a minimum face amount of P150,000
You can increase your protection with accident and health coverage
until age 72

Disadvantages/Limitations

No guaranteed dividend payments

Whole life policies that are not variable plans are regulated in such a
way that their interest rates are limited