Name: In partnership with PFCCO Coop Region Leagues
Uploaded: 2024-05-12
Duration: 5 min 37 s
Description: In partnership with PFCCO Coop Region Leagues. Group Life Programs and Group Underwriting Orientation Via Zoom.

In partnership with PFCCO Coop Region Leagues. Group Life Programs and Group Underwriting Orientation Via Zoom. 

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In partnership with 
PFCCO Coop Region Leagues

Group Life Programs and Group Underwriting Orientation Via Zoom

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Group Credit Life Insurance. PFCCO - NELCCO. 4. 

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LPP - GCLI. PFCCO - NELCCO. 5. This program is a term insurance that provides insurance coverage on the lives of members who have loans with the Assured/Coop-creditor. The amount of insurance is equivalent to the amount of loan.. 

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This program is a term insurance that provides  insurance coverage on the lives of members who have  loans with the Assured/Coop-creditor.
 The amount of insurance is equivalent to the amount of loan.

LPP - GCLI. Twenty-four hour, 365 days-a-year coverage against death due to any cause, accident or sickness, worldwide in the course of business or pleasure. There is an assurance that the unpaid balance will not burden the member’s family; provided…. 

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Twenty-four hour, 365 days-a-year coverage against death due to any cause, accident or sickness, worldwide in the course of business or pleasure.
 There is an assurance that the unpaid balance will not burden the member’s family; provided…

All individuals who have existing loans from the coop-creditor and have made representation in their insurance application that they are in good health and actively-at-work at the inception of the policy shall be eligible for insurance coverage.

Supplementary Benefit/Rider. TOTAL & PERMANENT DISABILITY. 

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In the event that a Member becomes totally and permanently disabled, the Company shall pay the beneficiary the sum assured or total outstanding loan balance. This supplementary benefit is granted up to age 60 only.
 Total and permanent disability shall mean disability resulting from bodily injury due to accident or disease which wholly prevents the Member from engaging in any business or occupation or performing any work, physical or mental, for compensation, profit or gain during his or her remaining lifetime.

Underwriting Guidelines. Eligibility. 18 to 75 Actively-at-work In good health With existing loan from the Cooperative Note: Exit age = 76. 

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18 to 75 Actively-at-work In good health With existing loan from the Cooperative Note:       Exit age = 76

Age 18 to 64 – NEL* up to 1.5M                            NML** up to 3.5M Age 65 to 70 – NML** up to 1M Age 71 to 75 – NML** up to 200K *NEL – No Evidence Limit **NML – Non-Medical Limit  Note: For NML, submission of application form only with Health Declaration. In excess of NML, full medical tests subject to evaluation and approval. Minimum loan is 5K.

PREMIUM RATES. LPP - GCLI. Monthly Rate per 1,000 (inclusive of rider up to 60 years old) Age 18 to 64 – 0.60 Age 65 to 70 – 1.00 Age 71 to 75 – 1.29. 

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Monthly Rate per 1,000 (inclusive of rider up to 60 years old) Age 18 to 64   –   0.60 Age 65 to 70   –   1.00 Age 71 to 75   –   1.29

LPP - GCLI. Sample Premium Computation #1. Borrower: John Mark Torres Age: 30 Loan Amount: P10,000.00 Term: Six (6) Months 0.60 x (10000/1000) 6.00 per month 6.00 X 6 (loan term) = 36.00 (Premium due). 

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Borrower: John Mark Torres Age: 30 Loan Amount: P10,000.00 Term: Six (6) Months       0.60 x (10000/1000)       6.00 per month       6.00 X 6 (loan term)       = 36.00 (Premium due)

Borrower: Maria Jane Cruz Age: 66 Loan Amount: P10,000.00 Term: Six (6) Months       1.00 x (10000/1000)       10.00 per month       10.00 X 6 (loan term)       = 60.00 (Premium due)

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Group Yearly Renewable Term Insurance. PFCCO - NELCCO. 

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Damayan - GYRT. This program is a life insurance coverage on a one-year term basis providing for death benefit, subject to renewal on an annual basis on the anniversary date of the master policy.. 

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This program is a life insurance coverage on a one-year term basis providing for death benefit, subject to renewal on an annual basis on the anniversary date of the master policy.

Plan Features. Insurance against loss of life due to accidental or natural cause of death, worldwide Coverage: Minimum: 5,000.00 Maximum: 150,000.00. 

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Insurance against loss of life due to accidental or natural cause of death, worldwide Coverage:       Minimum: 5,000.00       Maximum: 150,000.00

18 to 75 years old Actively-at-work or actively performing the activities of daily living In good health

PREMIUM RATES. 15. PFCCO - NELCCO. Damayan - GYRT. 

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Age 18 to 64 65 to 75 No. of Unit/s Coverage Annual Premium
 1                   5,000.00           17.00           26.00  2                 10,000.00           51.00           76.00  3                 15,000.00           84.00         126.00  4                 20,000.00         118.00         177.00  5                 25,000.00         152.00         227.00  6                 30,000.00         185.00         278.00  7                 35,000.00         219.00         328.00  8                 40,000.00         252.00         378.00  9                 45,000.00         286.00         429.00  10                 50,000.00         320.00         479.00  11                 55,000.00         353.00         530.00  12                 60,000.00         387.00         580.00  13                 65,000.00         420.00         630.00  14                 70,000.00         454.00         681.00  15                 75,000.00         488.00         731.00

16. PFCCO -NELCCO. Damayan - GYRT. PREMIUM RATES. 

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Age 18 to 64 65 to 75 No. of Unit/s Coverage Annual Premium
 16                 80,000.00           521.00           782.00  17                 85,000.00           555.00           832.00  18                 90,000.00           588.00           882.00  19                 95,000.00           622.00           933.00 20               100,000.00           656.00           983.00  21               105,000.00           689.00         1,034.00  22               110,000.00           723.00         1,084.00  23               115,000.00           756.00         1,134.00  24               120,000.00           790.00         1,185.00  25               125,000.00           824.00         1,235.00  26               130,000.00           857.00         1,286.00  27               135,000.00           891.00         1,336.00  28               140,000.00           924.00         1,386.00  29               145,000.00           958.00         1,437.00  30               150,000.00           992.00         1,487.00

Supplementary Benefit/Rider. Accidental Death & Dismemberment. 

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Loss of Indemnity Life* 100% Entire sight of both eyes 100% Entire sight of one eye 60% Both arms or both legs 100% Use of both arms or both legs 100% One arm or one leg 75% Use of one arm or one leg 75% Both hands or both feet 100% Use of both hands or both feet 100% One hand or one foot 50% Use of one hand or one foot 50% Speech 50% Hearing in both ears 50% Thumb and index finger on the same hand 33 1/3%

Granted up to age 64 Inclusive to annual premium With exclusions like suicide, self-inflicted injury, involvement in military operations, poison, drugs and alcohol; among others.

In partnership with PFCCO Coop Region Leagues

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