2014 SCHEDULE OF TRADITIONAL AND VUL RENEWAL FEES INCLUDING PENALTIES

Based on fees mandated by the Insurance Commission

RENEW EARLY TO AVOID PENALTIES. Payment of renewal fees may be charged against the advisors/leaders Statement of
Account (SOA) on the condition that he/she is on credit balance. Otherwise, payment must be made over-the-counter through any
Philam Life cashier.
Traditional Life License
Inclusive Dates
(2014)

Renewal
Fees

DST

Account Charging
on or before May 31
Renewal Fee
June 02 - June 06
June 09 - June 13
June 16 - June 20
June 23 - June 27
June 30 - July 04
July 07 - July 11
July 14 - July 18
July 21 - July 25
July 28 - Aug 01
Aug 04 - Aug 08
Aug 11 - Aug 15
Aug 18 - Aug 22
Aug 25 - Aug 29
Sep 01 - Sep 05
Sep 08 - Sep 12
Sep 15 - Sep 19
Sep 22 - Sep 26
Sep 29 - Oct 03
Oct 06 - Oct 10
Oct 13 - Oct 17
Oct 20 - Oct 24
Oct 27 - Oct 31
Nov 03 - Nov 07
Nov 10 - Nov 14
Nov 17 - Nov 21
Nov 24 - Nov 28
Dec 01 - Dec 05
Dec 08 - Dec 12
Dec 15 - Dec 19
Dec 22 - Dec 26

2850.0

2850.0

500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00

15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00

ID

50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00

Late
Submission/
Renewal
Penalties
2850.0
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
4,000.00
4,500.00
5,000.00
5,500.00
6,000.00
6,500.00
7,000.00
7,500.00
8,000.00
8,500.00
9,000.00
9,500.00
10,000.00
10,500.00
11,000.00
11,500.00
12,000.00
12,500.00
13,000.00
13,500.00
14,000.00
14,500.00
15,000.00

VUL License
Total

565.00
1,065.00
1,565.00
2,065.00
2,565.00
3,065.00
3,565.00
4,065.00
4,565.00
5,065.00
5,565.00
6,065.00
6,565.00
7,065.00
7,565.00
8,065.00
8,565.00
9,065.00
9,565.00
10,065.00
10,565.00
11,065.00
11,565.00
12,065.00
12,565.00
13,065.00
13,565.00
14,065.00
14,565.00
15,065.00
15,565.00

Renewal
Fees

DST

2850.0

2850.0

Late
Submission/
Renewal
Penalties
2850.0

500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
500.00

15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00

500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
4,000.00
4,500.00
5,000.00
5,500.00
6,000.00
6,500.00
7,000.00
7,500.00
8,000.00
8,500.00
9,000.00
9,500.00
10,000.00
10,500.00
11,000.00
11,500.00
12,000.00
12,500.00
13,000.00
13,500.00
14,000.00
14,500.00
15,000.00

Total

Grand
Total
2850.0

515.00
1,015.00
1,515.00
2,015.00
2,515.00
3,015.00
3,515.00
4,015.00
4,515.00
5,015.00
5,515.00
6,015.00
6,515.00
7,015.00
7,515.00
8,015.00
8,515.00
9,015.00
9,515.00
10,015.00
10,515.00
11,015.00
11,515.00
12,015.00
12,515.00
13,015.00
13,515.00
14,015.00
14,515.00
15,015.00
15,515.00

1,080.00
2,080.00
3,080.00
4,080.00
5,080.00
6,080.00
7,080.00
8,080.00
9,080.00
10,080.00
11,080.00
12,080.00
13,080.00
14,080.00
15,080.00
16,080.00
17,080.00
18,080.00
19,080.00
20,080.00
21,080.00
22,080.00
23,080.00
24,080.00
25,080.00
26,080.00
27,080.00
28,080.00
29,080.00
30,080.00
31,080.00

* The increase in rates for late renewal are based on recent communications from Insurance Commission on Proposed consolidated fees and charges The final circular on this increase has not been
released by IC but are already placed here for guidance.