Manila Bankers Life Insurance Corp.
Manila Bankers Life Insurance Corporation is a life insurance company based in Makati City, Philippines, duly recognized and authorized by the Philippine Insurance Commission.
The company offers a wide array of new and innovative life insurance products, catering to the needs of individuals and groups.
3 Reasons Why You Should Get a Life Insurance
Financial Protection for Loved Ones
Life insurance provides a financial safety net for your loved ones in the event of your passing. It ensures that your family or beneficiaries receive a lump sum payment (the death benefit) that can cover immediate expenses like funeral costs, outstanding debts, and ongoing living expenses. This helps prevent your family from experiencing financial hardship during a difficult time.
Income Replacement
Life insurance can replace the income you contribute to your household. If you're the primary breadwinner, your death could leave your family struggling to make ends meet. Life insurance ensures that your family can maintain their standard of living and cover essential expenses like mortgage or rent, education costs, and daily living expenses.
Estate Planning and Debt Coverage
Life insurance can be a valuable tool in estate planning. It can help cover estate taxes and other financial obligations, ensuring that your assets are passed on to your heirs intact. Additionally, life insurance can be used to settle outstanding debts, such as a mortgage or personal loans, so your family isn't burdened with these liabilities.
Multiple Option Super Term 18
M.O.S.T. stands for Multiple Option Super Term, and it’s a life insurance product that covers you for 18 years, thus the name M.O.S.T. 18. It’s a product by Manila Bankers Life Insurance Corporation, and launched in partnership with IMG to provide Filipino families with an affordable term life insurance with a Zero-risk savings and investment component. M.O.S.T. 18 allows a family to have MAXIMUM LIFE INSURANCE COVERAGE at a MINIMAL COST.
The Most Affordable Life Insurance Plan. For a 30-year old, the annual premium would only be P7,188 for a P1 million coverage. Yes, that's right. You only have to pay P7,188 per year (not per month, not per quarter) and you’re already insured for P1 million.
It has an optional investment component called PDF. What makes MBLife MOST 18 unique is that you can choose to pay more than your annual premium. And the excess cash that you pay will be invested to the PDF or Premium Deposit Fund to fund any of your financial goals (College Education, Retirement, Travel, etc.)
PDF is like a Mutual Fund. It can earn more than a savings account, and it is very liquid. You can put more money there anytime you want. And you can also withdraw your money from it any time you need it....with ZERO CHARGES!
How it works? For example, if you paid P15,000.00 instead of P7,188.00 for a particular year, then the excess P7,812.00 will be invested to your PDF. And in the following year, because you have P7,812.00 in your PDF, you may or may not pay your premium since the premium may be deducted from your PDF.