Another first from Philam Life! Now your load can protect you and your family. Only P10, insured ka na ng P10,000 for 15 days. Just text PHILAM AKSI ON FName/MI/LName/Address/Bday mmddyyyy to 8070 Ex. PHILAM AKSI ON Ana/A/Cruz/7 Rizal St Mkt/05301981

For Inquiries:

You can send an E-mail to philamlife@aia.com or call 528-2000 from 8:00 am to 5:00 pm on regular business days.


Philam Life has continued to work towards educating Filipinos on the importance of financial planning, savings and investments as a venue to improving their way of life.

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Credit Life Insurance

CREDIT LIFE INSURANCE

...Because man should be remembered by his deeds, not his debts.

Credit Life is Philam Life's "win-win" financial solution for Debtors and Creditors alike. With Credit Life, the multitude of loan type transactions - credit card purchases, mortgage loans, simple employee loan programs, even multi-million financing plans, become worry-free.

  • Term insurance purchased to insure a loan .
  • Availed of by the lender who becomes the OWNER and BENEFICIARY of the Credit Life policy
  • The borrower becomes the INSURED who shoulders the premiums.
  • The loan amount is equal to the face amount of the Credit Life insurance.
  • The face amount is paid to the lender to wipe out the loan.

WHO NEEDS CREDIT LIFE PROTECTION?

  • Banks: Universal Banks, Commercial Banks, Development Banks, Thrift Banks, Rural Banks
  • Lending Institutions: Savings and Loan Associations
  • Credit Cooperatives, Unions and Associations
  • Companies offering employee loans
  • Pre-Need Companies
  • Schools
  • Appliance Centers offering installment schemes
  • Manpower agencies offering placement loans
  • Other types of Creditor-Debtor groups: Real Estate Companies, Credit Card Companies

BENEFITS

For the lender:

  • Protection and the assurance of loan repayments.
  • Income opportunities through the receipt of service fees.

For the borrower:

  • Peace of mind that debt will be paid and not shouldered by his family