Family Secure

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Family Secure is a unit-linked life insurance product that provides high p to suit client's insurance protection needs as he moves from one life stage

Family Secure
I. Product Description Family Secure is a unit-linked life insurance product that provides high protection coverage with the flexibility to change the protection coverage to suit clients insurance protection needs as he moves from one life stage to the next. Family Secure shall have the following variants to suit the specific needs of the client: Family Secure - his plan provides a high amount of life insurance coverage with the opportunity to build long-term savings for other financial goals. Wealth Freedom Money Accumulator Plus (WFMA Plus) his plan shall be exclusively distributed by !orld Financial "arketing #lliance $!F"#%.

Family Secure is the best value protection plan that provides the following benefits: &'S()#'*+ ,)- +* &-' he plan.s life insurance coverage is e/uivalent to the Face #mount plus the #ccount 0alue1 or 2 times the regular basic premium1 plus 3425 of each top-up1 less 3425 of each withdrawal1 which ever is higher. ,)- +* &-' 6-'(S #dditional coverage e/uivalent to 375 of the Face #mount is given at the beginning of the policy and every premium payment. F8+9&6&8& : o ;uring one.s prime working years when his loved ones are still largely dependent on him1 he may choose to increase his coverage up to 3275 of the original face amount starting on the 4nd year without change in your premium payment sub<ect to approval.

o #s one approaches retirement1 he may choose to decrease the coverage up to 275 of the original face amount starting on the 37th year or down to 2 times the basic annual premium so that more of his payment can be allocated more to the investment fund. o #dditional top-up payments can be made regularly $along with your basic premium% or anytime to step up ones savings. *-0+)#=+ ,)- +* -) he plan is guaranteed to not lapse regardless of fund performance as long as regular premiums $including basic and special top-up premiums1 if any% are continuously paid1 there are no re/uested face amount increases1 and there are no fund withdrawals. #**&;+' #'; ;&S#6&8& : *-0+)#=+ -ptional riders can be attached to the plan for additional coverage in case of disability or accident. #**+SS - +9,+) 8: "#'#=+; &'0+S "+' F(';S ,ayments made to the plan allows participation in the performance of the following funds managed by ,hilam #sset "anagement1 &nc. $,#"&%: o PAMI Philam ond Fund provides stable returns based on long-term fixed income securities to cater to risk-averse clients o PAMI Philam Fund combines the stability of a bond fund and the returns of an e/uity fund for the client that does not want to have to time fund switches o PAMI Philam Strate!ic "ro#th Fund delivers potentially-high returns based on the e/uity market by leveraging on active management of experienced fund managers II. Issue A!es #ges 7->7 III. Attacha$le %iders he following riders can be attached to Family Secure variants: &. Wai'er o( Premium (WP) !aiver of ,remium in case of &nsured.s total and permanent disability. ). Wai'er o( Premium Plus (WP*) !aiver of ,remium in case of &nsured.s total and permanent disability plus an annual disability income during the &nsureds disability period.

+. Accident and ,ealth %ider *omprehensive accident coverage upon accidental death or disability with the following attachable options: $i% "edical )eimbursement $")% which reimburses the actual accident-related expenses of the &nsured sub<ect to a maximum amount

$ii% !eekly &ncome $!&% 6enefit which provides an amount when then &nsured becomes totally disabled as a result of an accident and commencing within ?7 days from the date of accident. !& will be given for a maximum period of 4@ weeks. -. Accidental Death ene(it (AD ) #dditional insurance coverage in case of accidental death. I.. Minimum and Ma/imum Premium he plan will have the following types of premiums: &. asic Premium he basic premium shall be used to pay for the plans benefits $excluding optional benefits%. ). %e!ular 0op-1p Premium he regular top-up premium shall be optional additional investments to the policy which will be regularly paid together with the basic premium. his will be elected upon policy application. +. Special 0op-1p Premium he special top-up premium shall be mandatory additional investments to the policy which will be regularly paid together with the basic premium for 4 years. his is to prevent the #ccount 0alue from depleting during the initial years of the policy due to higher cost of insurance as a result of the client.s substandard rating. -. Ad ,oc23ump Sum 0op-1p Premium he ad hocAlump sum top-up premium shall be optional additional investments to the policy which can be made any time upon submission of a duly accomplished &nvestment *hange )e/uest Form. he minimum and maximum limits for these premiums are as follows: Premium asic Premium Minimum Amount ,hp 3@1777 $6and 3% Ma/imum Amount ,hp 4?1777 $6and 3%

,hp B71777 $6and 4% %e!ular 0op-1p Ad-,oc23ump Sum 0op-1p Special 0op-1p .. Premium-Payin! Period ,hp 31777 per fund ,hp 31777 per fund 'ot applicable

;epending on capacity to payC $6and 4% 2 times the 6asic ,remium ;epending on the capacity payC 'ot applicable

his product is a regular-pay unit-linked product payable up to age ??. .I. Payment Modes ,remium payments can be done in annual1 semi-annual1 /uarterly and monthly mode. here shall be no modal loadings to the basic premium. $)ider premiums will maintain their own modal loadings1 if any.% #;# A,;* is applicable. #*# is available for monthly mode only. .II. Su$standard 4ases he maximum medical rating acceptable is *lass ,. -n the other hand1 maximum occupational rating is 32.77. For combined medical and occupational rating1 a policy is acceptable up to the e/uivalent combined rating of *lass ,. he existing combination rating table shall be used. Med56cc S0D A 7 S ; # 6 4 D : F , ; 3 P * ; + F D E 8 , ).8 # 6 * ; + F D E 8 , '# 8 6 * ; + F D E 8 , '# '# 9.8 * ; + F D E 8 , '# '# '# &7 ; + F D E 8 , '# '# '# '# &8 + F D E 8 , '# '# '# '# '#

.III. In'estment Fund

he following &nvestment Fund options for this plan will be managed by ,hilam #sset "anagement1 &nc.1 an affiliate of ,hilam 8ife:

PAMI Philam ond Fund he ,#"& ,hilam 6ond Fund is a conservative type of investment dealing with short to long-term fixed income securities. he area of focus of the investment will include treasury bills or notes1 and other government securities or bonds or other evidences of indebtedness fully guaranteed by the )epublic of the ,hilippines1 as well as savings or time deposits with government-owned or private banks. #n ade/uate portion of the portfolio will be invested in cash or near cash assets to ensure that redemptions will be ade/uately and immediately serviced.

PAMI Philam Fund he ,#"& ,hilam Fund seeks growth and income1 and will invest1 under normal conditions1 in both e/uity and fixed income securities. he Fund will invest in e/uities of companies listed in the primary and secondary boards of the ,S+. 8ikewise the Fund will invest in domestic fixed-income instruments1 including but not limited to1 treasury bills1 6angko Sentral ng ,ilipinas. $6S,% *ertificate of &ndebtedness1 other government securities or bonds and such other evidences of obligations issued by the 6S, or guaranteed by the ,hilippine =overnment.

PAMI Philam Strate!ic "ro#th Fund he ,#"& ,hilam Strategic =rowth Fund is an aggressive type of investment dealing with e/uity securities. #n ade/uate portion of the portfolio will be invested in cash or near cash assets to ensure that redemptions will be ade/uately and immediately serviced. he Fund will invest in a combination of stocks with big and medium capitaliFation that can provide good value and capital appreciation over the medium term. "anagement1 earnings potential1 strong balance sheet1 and attractive valuations will be the primary criteria for stock selection. *hanges in the macroeconomic conditions can dictate the e/uities that the Fund will invest in. emporary shifts to cash or fixedincome instruments may be done as a defensive move.

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Free-loo= Period he policyholderAinsured could return his policy should he be not completely satisfied with the terms and conditions of this product. # written re/uest from him shall be re/uired within 32 days from receipt of the policy contract. he amounts to be refunded are the #ccount 0alue1 plus the ,remium *harge1 &nsurance *harge and #dministrative *harge1 plus the rider premiums.

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Pricin!2.aluation Day he valuation of assets in each &nvestment Fund will be done daily1 under normal circumstances. For the regular premiums1 as well as fund switching1 units will be made based on the 'et #sset 0alue per Share $'#0,(% on the 0aluation ;ate the corresponding creation of (nits was made. For partial Afull withdrawals1 death claim and fund switching1 redemption of units will be based on the '#0,( the corresponding redemption of units was made.

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Policy 4har!es &) Premium 4har!es

,remium *harges $as a percentage of premium% shall be deducted from regular premiums and top-up premiums prior to purchasing units in the &nvestment Funds according to the following schedule: %e!ular Premiums 3st ,olicy year 4nd ,olicy year Brd ,olicy year Gth ,olicy year 2th ,olicy year @th ,olicy year onwards op-up ,remiums )) Premium ,oliday 4har!es > o( Premium ?25 ?25 G75 475 375 75 G5

For policies with premiums due beyond the grace period $during premium holiday%1 a corresponding ,remium Doliday *harge $as a percentage of premium% shall be deducted from the #ccount 0alue according to the following schedule: %e!ular Premiums 3st ,olicy year 4nd ,olicy year Brd ,olicy year Gth ,olicy year > o( Premium ?25 ?25 G75 475

2th ,olicy year @th ,olicy year onwards op-up ,remiums +) Administrati'e 4har!es

375 75 G5

#n administrative charge of ,377 per month shall be imposed for this policy. -) Insurance 4har!e (4ost o( Insurance or 46I)

he insurance charge represents the cost of mortality $including cost of insurance taxes%. &t is deducted monthly on the same day of the calendar month as the +ffective ;ate by debiting units of e/uivalent value from the #ccount 0alue. he monthly insurance charge shall be based on the current sum at riskC and on the attained age of the insured1 and shall vary depending on the risk classification of the insured. (nits to be debited shall be based on the proportion of units that each fund bears to the total number of units under the policy. he insurance charge shall vary depending on the risk classification of the insured. &f after the deduction of the insurance charge the resulting account value falls below the minimum remaining balance1 the policy will not terminate. &t will terminate only when there is no sufficient fund to pay for any of the coverage. 8) Fund Mana!ement 4har!e

he Fund "anagement *harge $F"*% is deducted from each &nvestment Fund and is built into the (nit ,rice stipulated at each fund valuation date. F"* rate shall vary by fund. *urrent available funds has an F"* of 4.75 per annum ?) Surrender 4har!es

Surrender charges shall not be applicable <II. Withdra#als !ithdrawals from the fund can be made at any time after the Free-8ook ,eriod sub<ect to the minimum amount and minimum maintaining balance of the #ccount 0alue. he minimum amount of withdrawal and minimum maintaining balance per fund are both set at ,hp31777. &f a partial withdrawal will result in an account value falling below the minimum remaining balance1 the entire account value will be fully withdrawn. #ny withdrawal will correspondingly reduce the living benefit1 as well as the death benefit. <III. Fund S#itchin! he policyholderAinsured could switch units from one fund to another fund by written notice to the *ompany1 sub<ect to the minimum amount of investment per fund and the

minimum maintaining balance per fund as determined by the *ompany. he minimum amount that could be switched is currently set at ,hp 317771 while the minimum remaining amount for each fund after the switching is at ,hp 31777.. Fund switch re/uest is free Gx every year. Subse/uent fund switch transactions are sub<ect to fund switch charge of 35 of the amount to be switched. his fee will be deducted from the proceeds of the sale of the originating funds units. he net proceeds will then be used to buy units into the target fund. <I.. Fund Allocation he policyholderAinsured could change the fund allocation he made at the time of application by written notice to us. Such change will take effect immediately following the date of receipt of such notice. he minimum allocation for each &nvestment Fund is ,hp 31777. Fund allocation change re/uest is free once every year. Subse/uent fund allocation changes will be sub<ect to a charge of ,277. <.. :((ecti'e Date he date of payment of the initial premium H one $3% working day will be considered as the policy effective date. *urrent practice in assigning policy effective date will take precedence. <.I. ac=datin! 'ot allowed. <.II. Application Form he existing )egular 0(8 application form shall be used. <.III. %einstatement ,remium payments for )egular ,remium may be continued at any time within three $B% years from the date of premium default upon written application and submission of evidence of insurability satisfactory to the company1 and upon payment of all amounts necessary to revive the policy.