BANKING AND FINANCIAL INSTITUTIONS

BUILDING AND LOAN

ASSOCIATIONS
& PRIVATE INSURANCE
COMPANIES
 It is a depository financial
institution that is federally
or state chartered, that
specializes in collecting
savings deposits from
customers and investing it in
Building & Loan residential mortgage loan.
It is a state or federal
Association chartered financial
organization that uses the
customers' deposits and
subscriptions to invest in the
residential mortgage loans
of members to increase
home ownership
 Building and loan associations
include associations variously
called mutual loan
associations, homestead aid
associations, savings fund and
loan associations, co-operative
savings and loan associations,
Building & Loan co-operative banks, building
societies, etc.
Association A building and loan
association, also known as
a thrift, got its start when a
pool of individuals agreed to
pay a membership fee and
subscribed to a certain
number of shares that had a
predetermined maturity value.
 EXAMPLES:
Tahanan Mutual Buillding and
Building & Loan Loan Association
Manila Building and Loan
Association Association
Homecredit Building and Loan
Association
A Private Insurance Company
is a business that provides
coverage, in the form of
compensation resulting from
loss. Damages, injury,
treatment or hardship in Private
exchange for premium
payments. Insurance
Insurance is a means of
protection from financial loss. Companies
It is a form of risk
management, primarily used
to hedge against the risk of a
contingent or uncertain loss.
It is an entity which provides
insurance is known as an
insurer, insurance company,
insurance carrier
or underwriter.
A person or entity who buys
insurance is known as an
Private
insured or as a policyholder.
The insured receives
Insurance
a contract, called
the insurance policy, which
Companies
details the conditions and
circumstances under which
the insurer will compensate
the insured.
The word "private" is used to
describe any health insurance
plan that is not run by the
federal or state government.
Private
Private insurance can be
purchased from a variety of
Insurance
sources: your employer, a state
or federal marketplace, or a
Companies
private marketplace.
TOP PRIVATE INSURANCE
COMPANIES IN THE PHILIPPINES
Sun Life of Canada
Philippine AXA Life Insurance Corp.
Pru Life Insurance Corp.
Philippine American Life and General Private
Insurance Company Inc.
BPI-Philam Life Assurance Corp. Insurance
BDO Life Assce. Co., Inc.
Manulife Philippines Companies
FWD Life Insurance Corp.
United Coconut Planters Life
Assurance Corp.
Insular Life Assurance Company Ltd.