Philippines: (02) 8 528 2000. We are open Monday to Friday between 7:30 AM to 5:00 PM, and Saturday between 8:00 AM to 12:00 NN Life insurance benefit can vary depending on age and payment amount. Conversion of life insurance coverage to retirement savings is done by voluntarily reducing coverage down to 5x your yearly payment (dial-down option) upon reaching age 60 or after 10 years, whichever is later. Premium period is not guaranteed. In the future, if the account value becomes insufficient to pay for charges, it is possible that additional premiums (i.e. top-ups) will be required to continuously enjoy the benefits of this plan and its riders. Please consult your Financial Advisor or...
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Many people think they’ll get to purchasing life insurance…eventually. It could be that you’re young and healthy, worry that the insurance jargon and the process are intimidating, or maybe you just have other priorities right now. But time spent planning for the unexpected could be the best legacy you’ll leave for your family. Are you the primary or sole income earner in your household? Do you have children or other dependents? If you answered “yes” to either of those questions, you should have a life insurance policy in place to help prepare your family for the unexpected. Life insurance needs are as unique as the policy holders. To determine your life insurance coverage, consider the...
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Do I need life insurance? “Some people probably don't know they need life insurance, or they feel they can get by without it.” - Marv Feldman, president and CEO of the LIFE Foundation Does the above statement surprise you? The reality is that without life insurance, many people may face an uncertain future. Stop and think for a moment about how your life is today. For example, let's say you are a two-income family earning enough to comfortably handle the mortgage, car payment, and other monthly expenses. You're fortunate that with two incomes, you can set aside funds for the future that include saving for retirement, college, and even a little extra for emergencies. The rewards...
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Are you neglecting your life insurance requirements and putting your family at risk? Written by Jamie Bubb-Sacklyn on November 19, 2018. It’s always interesting to pick up on common themes that come up in my client review meetings. One thing that I have noticed a lot recently is that while most people keep a close eye on the wealth creation side of things, and regularly review how their assets are performing, wealth protection is often neglected. Protecting your wealth should be a fundamental part of your financial plan which is why I always take the time to discuss this with clients. This is fortunate as I often find that they have no, or insufficient, protection in place. This puts their...
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HORSHAM, Pa.--( BUSINESS WIRE )--The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, recently received a 2020 North America Disability Matters Marketplace Award recognizing efforts for outreach and engagement with consumers with disabilities and those who have children and other dependents with special needs. Meg Muldoon, assistant vice president, advanced markets, accepted the award on behalf of the company. Penn Mutual was honored for developing Advocating for a Bright Future - a company-wide initiative to train and equip Penn Mutual field leaders and financial professionals on how to incorporate the benefits of life insurance as part of a comprehensive special...
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Life insurance that gives you more than peace of mind – it turns you into a philanthropist too Sometimes things go wrong. And when that happens, you want insurance that keeps you and your family financially secure. Whether it’s life insurance, salary protection, critical illness cover or disability cover, a policy with Different will provide the security you need, no matter what your life stage. Interested? Call us on 010 020 1921 for more information. Life Cover In the event of your death, the cover amount will be paid to your nominated beneficiaries following a successful claims assessment. Salary Protection Salary Protection will pay you the cover amount each month while you...
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Latest South African Customer Satisfaction Index for Life Insurance shows who has the most satisfied customers The sentiments and views expressed by customers in the latest South African Customer Satisfaction Index (SA-csi) for Life Insurance (2019) conducted by Consulta will ultimately feed into how customers respond in a post-Covid economy. Every household expense will be scrutinised, and customer satisfaction and perceived value for money will be the dealbreakers as to who maintains market share, and who loses it in the months ahead. Loyalty will be challenged as customers look to value and price above all other measures. The benchmark measurement for Life Insurance (2019) provides...
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Three types of life insurance can protect your family’s income and way of life if something happens to you. The coronavirus pandemic has a lot of Consumers members paying closer attention their family’s financial wellbeing. You might be wondering what happens to your family if the virus took your life. Or your spouse’s. If your family’s income would be adversely affected, you may want to consider life insurance. Broadly speaking, life insurance works like other insurances. You pay premiums to a company that promises to pay out a certain amount if an adverse event happens. With life insurance, the benefits are paid to the people you name (called beneficiaries) in the policy if you die. When...
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Can I Buy Life Insurance for an Extended Family Member? Life insurance is a necessity for virtually everyone. We purchase life insurance to protect the ones we love if we were no longer there – to help pay for final and funeral expenses, to help serve as income replacement and mortgage protection, or to help pay for other costs that result because of a death. Naturally, spouses purchase life insurance because if one were to die, the other would be impacted financially. Parents often buy life insurance on their children to pay for their final and funeral expenses. But you may be wondering if you could buy life insurance on someone who is not a spouse or a child – someone in your extended...
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Let’s face it: Thinking about the death of your child is almost more than you can bear. But you’ve seen those sweet baby-faced commercials urging you to buy life insurance for your child, and you wonder whether it’s a good idea. After all, you’d do anything for your kids. So, what’s the right thing to do? Here’s the honest truth: Getting life insurance for your kids is not the best option for your family. We’ll explain all the choices without any emotional hype so you can make an informed decision. Why People Buy Life Insurance for Kids If buying life insurance for kids is such a bad idea, why do so many people do it? For one, advertisers do a great...
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