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Issue Age: 10
Total Contribution: 160,000
Coverage
15 years Number of Installments: 20
Period:
Units: 4
MBB In: 5 years
Mode: Quarterly
Total Fund
Guaranteed Bene摈\ts interest rates of Insurance Bene摈\ts
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Insurance Bene摈\ts:
Should the insured or payor pass away, become totally and permanently disabled or declared
PREMIUM PROTECT as terminally ill anytime during the saving period and before reaching the age of 70 years, the
policy shall be considered as fully paid.
This bene摈\t is applicable if the insured is a minor (ages 1 - 17). The policy shall be considered
PAYOR'S DEATH AND
fully paid should the payor (ages 18 - 64) pass away, become TPD or be declared as TI. The
DISABILITY BENEFIT
guaranteed bene摈\ts under the Money Saver policy shall be given as scheduled.
Should the insured pass away anytime from the e䐅耀ectivity of the policy until when the MB
LIFE INSURANCE becomes due or before age 85, whichever comes 摈\rst, the bene摈\ciary shall receive an amount
equal to the MB.
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Should the insured pass away due to an accident anytime from the e䐅耀ectivity of the policy until
ACCIDENTAL DEATH and when the MB becomes due or before age 65, whichever comes 摈\rst, the bene摈\ciary shall
DISABLEMENT (AD&D) receive an amount equal to the MB. Or if the insured member becomes disabled due to a
covered accident, MB Life shall pay him that percentage of the MB corresponding to the injury
he su䐅耀ers. This will be given in addition to the life insurance bene摈\t.
Should the insured be declared TPD before reaching the age of 65 years, an amount equal to
MB will be given to the insured. TPD shall mean a disability caused by a bodily injury or
TOTAL AND PERMANENT
quali摈\ed illness which prevents the insured from engaging in any gainful activity and must
DISABILITY (TPD)
continue uninterruptedly for at least six (6) months. The payment of the TPD bene摈\t shall cause
the policy to terminate.
Should the insured be declared as terminally ill before reaching the age of 65 years, an amount
equal to MB will be given but not to exceed Php 2,000,000. If the insured outlives the life
TERMINAL ILLNESS (TI)
expectancy of 12 months, life insurance coverage shall be based on the reduced life bene摈\t.
Payment of premiums shall resume based on the reduced bene摈\t.
Note: The Yearly Treat, Maturity Bene摈\t and Money Back Bene摈\t shall be given as scheduled to the bene摈\ciary or insured,
___________________________________________________________
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FOR U/W PURPOSES ONLY: Php 40,000.00
Signature over Printed Name of Applicant-owner/Payor Date Signed
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