Protection
Put yourself at ease by protecting those you love
Credit Life
Corporate Solutions
Period
Term
Issue Age
You can buy this via
BPI-Philam Appointed Representative
What is the product about?
Credit Life protects lending businesses and borrowers in case of untimely death.
what does it provide?
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Security for both Borrowers and Lenders
For Borrowers
Peace of Mind: Your loved ones will not carry with them the burden of having to pay for your debt in case of death.
For Lenders
Sound financial risk management by ensuring that outstanding loans get paid in case of borrower’s death.
Plus, potential income by earning service fees for each Credit Life policy sold along with a loan.
THE FINE PRINT
the terms and conditions at a glance
Not applicable for suicide cases during the first year of coverage
DETAILED TERMS AND CONDITIONS
IMPORTANT NOTES
This is a group life insurance plan. It is not a deposit product.
Actual terms and conditions are found in the Group Master Policy. In case of conflict, the Policy terms shall prevail.
THE FINANCIAL PRODUCTS OF BPI-PHILAM LIFE ASSURANCE CORPORATION ARE NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION AND ARE NOT GUARANTEED BY THE BANK OF THE PHILIPPINE ISLANDS