FREQUENTLY ASK QUESTIONS

Below are common Frequently-Asked-Questions (FAQs) about Family Secure that we have compiled for your reference.

Q: What is Family Secure?
A: Family Secure is a regular-pay unit-linked plan wherein the life insurance and savings benefits depend on the performance of your choice of investment funds. It provides high life insurance coverage which can be converted into a retirement fund as you grow older.

Q: How long will I pay for my Family Secure plan?
A: Family Secure is a regular-pay plan, which means that the payment duration is as long as your plan’s coverage duration. You need to set aside premium payments up to age 99 if you want to be covered up to age 100. However, Family Secure can allow you to pay for a shorter period. Your financial planner can show you how to do this.

Q: Can I enjoy additional health, accident and disability benefits?
A: Yes, you can enjoy health, accident and disability benefits by adding riders to your Family Secure plan. You can be excused from paying succeeding Family Secure premiums in case of total and permanent disability through the Waiver of Premium or Waiver of Premium Plus rider. The Accident and Health rider provides additional cash benefits for accidental death or disability. The Accidental Death Benefit rider provides additional life insurance coverage for loss of life due to accident. You will be able to enjoy these benefits upon payment of additional premium.

Q: Where will my premium payments be invested?
A: Your premium payments will be invested in mutual funds professionally managed by Philam Asset Management Inc. (PAMI), a multi-awarded asset management company that is able to deliver impressive fund performance year after year.

A range of funds* is provided to match your financial goals and risk appetite:

PAMI Philam Bond Fund is designed to provide conservative investors with returns and inflow from investments in peso fixed income instruments that are expected to generate higher earnings compared to traditional savings accounts and time deposits.

PAMI Philam Fund is designed to provide moderate investors with long-term capital growth through a mix of investments in equity securities and a portfolio of peso fixed income securities.

PAMI Philam Strategic Growth Fund is designed to provide aggressive investors with long-term capital growth through investments in equity securities.

*The funds are invested in PAMI’s Philam Bond Fund Inc. (PBFI), Philam Fund Inc. (PFI), and Philam Strategic Growth Fund Inc. (PSGF).

Q: How will I know how much my Retirement Fund is?

A: Philam Life will send you a Statement of Account at least on an annual basis. Aside from this, you can check your fund’s Net Asset Value Per Unit (NAVPU) anytime through our Fund Performance Section or through our VUL Customer Hotline (02) 528-2028.