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PNB Life's 5-Pay Premier Life Peso 2015 Quote

I will share with you below a quote I got for PNB Life Insurance Inc.'s  5-Pay Premier Life Peso last 2015.

Plan Info: 5-Pay Premier Life Peso
- A 5-pay participating whole life insurance plan. It is your premier choice in ensuring a premier life for your family's future.

This quote is for: Female, 27-30 yo, single, childless, no chronic disease

Attached Riders: Waiver of Premium Rider; Accidental Death and Dismemberment Rider 

Years Payable: 5 years

Currency: Philippine Peso


Coverage TypeANNUAL PremiumBenefit Amount
Basic Plan41,6001,000,000
Waiver Rider144.8345,260
Accident Rider3,6601,000,000
Total Modal Premium45,404.83
Total Annualized Premium45,404.83

Php 45,404.83 per year x 5 years = Php 227,024.15


Premium ModeModal PremiumTOTAL Annualized Premium
Annual45,404.8345,404.83
Semi-Annual23,837.5447,675.08
Quarterly12,486.3349,945.32


Maturity and Death Benefits
Living BenefitsBenefit Amount
Guaranteed Cash Value376,620.00
Non-Guaranteed Cash Dividends Accumulated at 2.5% p.a27,611.00
Total Living Benefits404,231.00
Death BenefitsBenefit Amount
Guaranteed Death Benefit1,000,000.00
Non-Guaranteed Cash Dividends Accumulated at 2.5% p.a27,611.00
Total Death Benefits1,027,611.00


Note:

Dividends (if applicable) were assumed to be left with the Company to accumulate at an interest rate of 2.5% p.a. under the assumption that no withdrawals were made during the life of the Policy.
Dividends are not guaranteed. The dividend rates will be based on the actual Company experience from time to time.
The cash value shown at the end of Policy year, when anticipated endowments are due, already excludes such anticipated endowments.


Benefits:

1. Provides protection up to 100 years old.
2. Builds guaranteed cash values
3. Earns Dividends
4. Policy amount is paid out if the insured survives his/her 100th birthday.


Riders that may be attached to this policy:

1. Accidental Death Benefit (ADB)
2. Accidental Death and Dismemberment (ADD)
3. Special Accident Rider (SAR)
4. Dread Disease Rider (DDR)
5. Waiver of Premium Rider (WOP)
6. Payor's Benefit Rider (PBR), for minor insured up to age 20
7. Term Rider
8. Decreasing Term Rider (DTR)
9. Flexi-Fund Rider (FFR)
10. Living Benefit Rider (LBR)


POLICY YEAR & ATTAINED AGEANNUALIZED PREMIUM (Beg. of Yr) [5]ANTICIPATED ENDOWMENTS (End of Yr)GUARANTEED CASH VALUEGUARANTEED DEATH BENEFITS
1 - Age 2845,404.831,000,000
2- Age 2945,404.8315,0101,000,000
3 - Age 3045,404.8365,1601,000,000
4 - Age 3145,404.8391,5601,000,000
5 - Age 3245,404.83122,4901,000,000
6 - Age 33128,2201,000,000
7 - Age 34134,1801,000,000
8- Age 35140,4001,000,000
9 - Age 36146,8601,000,000
10 - Age 37153,5501,000,000
11 - Age 38160,4601,000,000
12 - Age 39167,6001,000,000
13 - Age 40174,9501,000,000
14 - Age 41182,5001,000,000
15 - Age 42190,2701,000,000
16 - Age 43198,2601,000,000
17 - Age 44206,4901,000,000
18 - Age 45214,9701,000,000
19 - Age 46223,7001,000,000
20 - Age 47232,7101,000,000
21 - Age 48242,0001,000,000
22- Age 49251,5701,000,000
23 - Age 50261,4301,000,000
24 - Age 51271,5801,000,000
25 - Age 52282,0201,000,000
26 - Age 53292,7401,000,000
27 - Age 54303,7301,000,000
28 - Age 55315,0001,000,000
29 - Age 56326,5801,000,000
30 - Age 57338,5001,000,000
33 - Age 60376,6201,000,000
38 - Age 65446,7401,000,000
43 - Age 70526,7501,000,000
48 - Age 75612,6101,000,000
53 - Age 80695,0201,000,000
58 - Age 85769,7101,000,000
63 - Age 90831,2401,000,000
68 - Age 95893,9001,000,000
73 - Age 1001,000,0001,000,000


LOW Accumulation Rate (2% FFR, 2.5% DIV)
POLICY YEAR & ATTAINED AGEACCUM CASH DIVIDENDS [2]TOTAL LIVING BENEFITTOTAL DEATH BENEFIT
1 - Age 2868681,000,068
2- Age 2920415,2141,000,204
3 - Age 3041965,5791,000,419
4 - Age 3171592,2751,000,715
5 - Age 321,100123,5901,001,100
6 - Age 331,503129,7231,001,503
7 - Age 341,938136,1181,001,938
8- Age 352,399142,7991,002,399
9 - Age 362,886149,7461,002,886
10 - Age 373,401156,9511,003,401
11 - Age 383,951164,4111,003,951
12 - Age 394,537172,1371,004,537
13 - Age 405,153180,1031,005,153
14 - Age 415,807188,3071,005,807
15 - Age 426,499196,7691,006,499
16 - Age 437,232205,4921,007,232
17 - Age 448,005214,4951,008,005
18 - Age 458,820223,7901,008,820
19 - Age 469,678233,3781,009,678
20 - Age 4710,588243,2981,010,588
21 - Age 4811,543253,5431,011,543
22- Age 4912,551264,1211,012,551
23 - Age 5013,607275,0371,013,067
24 - Age 5114,720286,3001,014,720
25 - Age 5215,891297,9111,015,891
26 - Age 5317,120309,8601,017,120
27 - Age 5418,411322,1411,018,411
28 - Age 5519,771334,7711,019,771
29 - Age 5621,195347,7751,021,195
30 - Age 5722,685361,1851,022,685
33 - Age 6027,611404,2311,027,611
38 - Age 6537,496484,2361,037,496
43 - Age 7049,878576,6281,049,878
48 - Age 7565,233677,8431,065,233
53 - Age 8084,119779,1391,084,119
58 - Age 85106,953876,6631,106,953
63 - Age 90134,132965,3721,134,132
68 - Age 95165,7161,059,6161,165,716
73 - Age 100201,5551,201,5551,201,555


MID Accumulation Rate (2.5% FFR, 3.75% DIV)
POLICY YEAR & ATTAINED AGEACCUM CASH DIVIDENDS [2]TOTAL LIVING BENEFITTOTAL DEATH BENEFIT
1 - Age 2890901,000,090
2- Age 2927315,2831,000,273
3 - Age 3056465,7241,000,564
4 - Age 3196592,5251,000,965
5 - Age 321,491123,9811,001,491
6 - Age 332,047130,2671,002,047
7 - Age 342,654136,8341,002,654
8- Age 353,303143,7031,003,303
9 - Age 363,997150,8571,003,997
10 - Age 374,737158,2871,004,737
11 - Age 385,535165,9951,005,535
12 - Age 396,392173,9921,006,392
13 - Age 407,302182,2521,007,302
14 - Age 418,276190,7761,008,276
15 - Age 429,316199,5861,009,316
16 - Age 4310,425208,6851,010,425
17 - Age 4411,606218,0961,011,606
18 - Age 4512,861227,8311,012,861
19 - Age 4614,194237,8941,014,194
20 - Age 4715,616248,3261,015,616
21 - Age 4817,122259,1221,017,122
22- Age 4918,724270,2941,018,724
23 - Age 5020,416281,8461,020,416
24 - Age 5122,211293,7911,022,211
25 - Age 5224,114306,1341,024,114
26 - Age 5326,129318,8691,026,129
27 - Age 5428,258331,9881,028,258
28 - Age 5530,518345,5181,030,518
29 - Age 5632,903359,4831,032,903
30 - Age 5735,416373,9161,035,416
33 - Age 6043,845420,4651,043,845
38 - Age 6561,253507,9931,061,253
43 - Age 7083,815610,5651,083,815
48 - Age 75112,774725,3841,112,774
53 - Age 80149,656844,6761,149,656
58 - Age 85195,997965,7071,195,997
63 - Age 90253,5421,084,7821,253,542
68 - Age 95323,8611,217,7611,323,861
73 - Age 100408,5441,408,5441,408,544


Notes:

1. This is only an illustration. It doesn't purport to be a contract of insurance and does not in any way create any rights and obligations. Rights and obligations would be governed by the Policy, if issued, and will be subject to its Terms and Conditions.

2. Dividends were accumulated using 2.5% and 3.75% interest rates under LOW and MID assumptions, respectively. Dividends declared per year under the LOW scenario are assumed to have a reduced scale which is 25% lower than the MID scenario. Dividends are not guaranteed. The dividend rates will be based on the actual Company experience from time to time.
3. The deposits and accumulations to the Flexi-Fund Rider (FFR), if any, are included in the computation of columns Total Living Benefit, and Death Benefit. As illustrated, fund accumulations are projected at an assumed pre-tax interest rates of 2% and 2.5% (LOW and MID assumptions, respectively). The crediting interest rate which will be declared by the Company is not guaranteed and may change from time to time.

4. The cash value shown at the end of policy year, when anticipated endowments are due, already excludes such anticipated endowments.

5. The annualized premium illustrated above is based on Annual Mode.


FINALE

5-Pay Premier Life Peso is a participating whole life insurance plan that is payable in 5 years.

What do you think of this insurance policy?

Disclaimer: This is not a paid/sponsored post. This site is not affiliated with PNB Life Insurance, Inc. Kindly send all your inquiries directly to PNB Life.

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