ADDED BENEFITS

We enhance your protection and security with our add-on benefits.

For a better insurance protection coverage, you may opt to add these benefits to your basic Longevity plan:


Accident and Health (A&H)
In case of death, dismemberment or total and permanent disability, Accident and Health (A&H) Benefit provides you with additional protection coverage. You also have an option to add Medical Reimbursement and Weekly Income benefits on top of your plan.


Waiver of Premium / Waiver of Premium Plus (WP/WP+)
In case you become totally and permanently disabled, you and your family will not have to worry about paying for your premiums when you have a Waiver of Premium (WP) Benefit. You can have more peace of mind by availing our Waiver of Premium Plus (WP+) Benefit. Not only will your premium payments be waived, you and your family will also receive an annual disability income equivalent to the waived premium.


Hospital Income Benefit (HIB)
Hospital Income Benefit (HIB) provides daily cash benefit upon confinement due to sickness or injury. This benefit will be doubled to help finance the consequent medical expenses for dreaded diseases. HIB is attachable to products with at least 20 years of premium paying period.

Payor’s Benefit Death and Disability (PBDD)
Payor’s Benefit Death/ Payor’s Benefit Death and Disability (PBD/PBDD) waives the remaining premiums on a juvenile policy in case the payor dies or becomes totally and permanently disabled before the child reaches age 25 or before the policy’s maturity or termination, whichever comes first.

Accidental Death Benefit (ADB)
If the cause of death is due to accident, Accidental Death Benefit (ADB) provides your family an additional amount on top of the deceased's basic plan.

Mediguard
Mediguard provides daily hospital income and additional benefits (optional) for long term hospitalization, intensive care unit confinement, and surgery.

Lifeline (LL)
Lifeline (LL) provides a one-time lump sum benefit upon diagnosis of any of the covered critical illnesses.

Yield Enhancer Rider (YER)
Yield Enhancer Rider is the first in the market that guarantees the return of ALL annual premiums paid by the policyowner for 20 years. If you, the Insured, are still living on the 20th policy anniversary, you will also get an additional YER bonus.

In the event of death prior to this date, beneficiaries will receive all the paid annual premiums, in addition to the insurance policy’s basic life insurance benefit. 

Philam Life’s YER is attachable to selected products with at least 20 years of premium paying period.