Why Do We Need Life Insurance?
Life Insurance
"Life Insurance is simple, if the Lord takes you home early your kids won't go hungry." - Bo Sanchez
It can be used:
To protect your family and replace your income if you die too soon.
To finance your children’s education.
To pay Estate Tax.
To pay off debts.
We recommend to buy TERM LIFE INSURANCE and invest to MUTUAL FUNDS your savings. Term Life insurance is the cheapest premium.
M.O.S.T. 18
MOST 18 is Multiple Option Super Team 18, an 18-year level term insurance with Premium Deposit Fund, to provide protection for the family, while providing a high yield investment vehicle that is safe with non-negative growth suitable for emergency funds. It allows maximum coverage for minimal cost compared to numerous other life insurance products which require you to pay higher premiums.
1. Three in one product
MOST 18 is term insurance with investment fund that can be used as an emergency fund.
2. Multiple Option
Design your plan as an educational fund, retirement fund, income protection, house/lot/car purchase, donation, emergency fund, or "pamana" to fit your protection and investment requirements.
3. Super Term
You can have a plan for as low as 15 pesos per day (450 pesos per month) for a 20 year old.
If you can afford "lotto," you can afford MOST 18!
4. Affordable
Term insurance is much less expensive than other forms of insurance, making higher coverage and benefits affordable.
5. Investment value.
Premium deposit fund provides cash/savings/investment value.
6. Safe as a bank!
The investment component in the Premium Deposit Fund features non-negative growth.
Minimum growth guaranteed by MB Life is the average savings account interest rate of the biggest banks.
7. High growth like mutual funds!
The Premium Deposit Fund is invested in various instruments, such as bonds and stocks and thus, PDF is potentially high growth investment, with no maximum.
8. High Protection with Low Premiums.
MOST 18 is 18-year-level term with high protection/coverage.
P6,000 a year ( approx P500/month ) can give those 31 years old and below P1,000,000 coverage.
9. Tax Advantage
Life insurance proceeds are not subject to estate tax if beneficiaries are designated irrevocable.
10. Emergency fund
Premium deposit fund can be withdrawn anytime within a few banking days, with no fees. Non-negative growth ensures no decrease in peso value.
You can have cash value/savings even on the first year which you can withdraw in case of emergency.
11. Premium Flexibility
Pay your premiums based on a schedule that fits your lifestyle.
12. Convertible to Permanent Insurance
Get longer coverage by converting to permanent plans (while still insurable)
13. Level coverage
You know exactly how much minimum coverage you get.
Your cash value is always added to your protection / coverage
14. Level premium charges
You know exactly how much you are paying for insurance charges
15. Alternative Investment Flexibility
Option to withdraw without penalty gives you flexibility of where to "invest the difference."
16. Low chance of lapsing
Premiums payments may be automatically be "withdrawn" Premium Deposit Fund investment earnings.
17. Builds discipline
Help you have discipline and habit to regularly save and invest
18. Top-ups
Excess cash such as bonuses can be invested anytime
MOST 18 PRESENTATION
It is a term insurance product with 18 years coverage.
Life insurance provides financial protection for your family. And among the many types of life insurance out there, term insurance is the most affordable.
How affordable is it? For a 30-year old, the annual premium would only be P5,710 for a P1 million coverage. Again, you only have to pay P5,710 per year (not per month, not per quarter) and you’re already insured for P1 million.
It has an optional savings and investment component.
What makes Manila Bankers Life MOST 18 unique is that you can choose to pay more than your annual premium. And the excess cash that you pay will go to a PDF or Premium Deposit Fund.
The PDF is like a savings account. You can put more money there anytime you want. And you can also withdraw your money from it any time you need it.
But better than a savings account, the amount in your PDF can also earn additional cash for you because the company can invest it for you.
For example, if you paid P8,710 instead of P5,710 for a particular year. Then the excess P3,000 will go to your PDF.
The following year, because you have P3,000 in your PDF, you can choose to just pay P2,710 to pay for the annual premium of your life insurance.
But let’s say that the market was good during the year, and the P3,000 in your PDF earned and became P3,710 in value. Then you’ll only need to pay P2,000 for next year’s annual premium.
Here's an illustration for better understanding.
