Understanding the Purpose of Insurance
Insurance is for protection should anything happen to you.
The most important products people need to own.
But people don’t realize this until they need it!
You cannot buy insurance when you need them.
You can ONLY buy insurance while you don’t need them!
Life insurance doesn't insure your life. It insures your family's ability to continue on without being financially devastated.
TWO MAIN TYPES OF LIFE INSURANCE:
1. TERM INSURANCE
You pay the insurance component only!
Your savings is on your hands (difference in premium cost)
You manage your money.
Buy term & invest the difference.
2. TERM INSURANCE WITH SAVINGS
You pay the insurance + savings.
Your savings on the hands of the insurance company.
They manage your money, in the forms of dividends, cash values, etc.
M.O.S.T. 18
M.O.S.T. 18 is an 18-term life insurance product with PDF or Premium Deposit Fund.
M.O.S.T. stands for Multiple Option Super Term, and it’s a life insurance product that covers you for 18 years, thus the name M.O.S.T. 18.
It’s a product by Manila Bankers Life Insurance Corporation, and launched in partnership with IMG to provide Filipino families with an affordable term life insurance with a Zero-risk savings and investment component.
M.O.S.T. 18 allows a family to have MAXIMUM LIFE INSURANCE COVERAGE at a MINIMAL COST.
what are the features and benefits of m.o.s.t. 18?
Affordable Insurance
Potential 50%* lower than most life insurance like endowment, whole life. It allows you to have higher face amount.
Higher Fund Value
PDF allows higher growth of funds with guaranteed rate of return.
Premium Flexibility
Settle your contributions based on a schedule that fits your lifestyle.
Withdrawal (No Loan Charge) advantage
You can withdraw your savings anytime without any penalty; and still have the protection/coverage.
Level Coverage risk
Your savings is always added to your protection/ coverage.
Issue ages are from 5 to 60 years old
Insure yourself and your whole family.
Addresses various financial needs
Serves various future needs such as retirement, education, travel, savings.
Convertible to permanent insurance
You have the option to convert your insurance to permanent plans prior to age 65.
Renewable at the expiry date
You may renew your insurance for a period of 18years before you reach age 60.
Low chance of lapsation
Premiums may be settled from your investment earnings.
Fund advantage
You already have savings on the 1st year, which you can withdraw in case of emergency.
Alternative investment flexibility
Free to decide where to invest the difference in buying term life.
How Affordable is M.O.S.T. 18?
For a 30-year old, the annual premium would only be P5,710 for a P1 million coverage.
You can check your age in the table and see how much is your premium per year for 1 million coverage.
Do you have questions?
Easy Steps to Complete Your Life Insurance Policy
1. Fill-up Proposal Form
2. Agree on the Generated Proposal
3. Fill-up and Sign Application Form For Insurance
4. Review Signed and Completed Policy Proposal and Application
5. Choose Payment Method (BPI Bills Payment, Paypal, Credit Card, Bank Deposit/Transfer/Remittance, Bancnet)
6. Complete Online Payment
7. Underwriting Approval (within 24 business hours except Sundays and Holidays )
8. Receipt of Online Policy via Customer Portal (email instructions will be sent immediately after approval)