Beruflich Dokumente
Kultur Dokumente
BRIEFS
AND
NOTES
(PHILIPPINES)
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MINIMUM POLICIES AND ISSUE AGES
TERM PLANS
PLANS BAND 1 BAND 2 ISSUE AGES
Sun Term 90 (YRCT/5YRCT) Ps. 1,000,000 Ps. 4,000,000 18-64
Sun Forex Term (YRCT/5YRCT) $ 15,000 $ 40,000 18-64
Sun Maiden (5YRT) minimum is Ps. 500,000 max is Ps. 2,000,000 18-55
Sun Maiden Plus (5YRT) minimum is Ps. 500,000 max is Ps. 2,000,000 18-45
Sun LifeAssure (5YRT) minimum is Ps. 500,000 max is Ps. 4,000,000 18-60
ENDOWMENT PLANS
PLANS BAND 1 BAND 2 BAND 3 ISSUE AGES
Sun Acceler8 Ps. 250,000 Ps. 500,000 Ps. 1,000,000 0-80
Sun Start Up Ps. 200,000 18-50
Sun Dream Achiever Ps. 250,000 18-40
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SUPPLEMENTAL BENEFITS (RIDERS)
RIDER MINIMUM AMT. ELIGIBILITY AGE TERMINATION AGE
Total Disability
Benefit (TDB) 0 - 55 60
*VUL only
Waiver of premium
Coverage After Death
or Disability of Initial
Owner (WPDD) Insured - 0 - 15 Expires at age 21
Payor - 18 - 55 of the insured
*Traditional & VUL
Living Benefit Rider Equal to the basic face
(LBR) amount Up to maturity of
Max : PhP 2,000,000 0 - 80 the basic policy.
*Traditional
Participating plans
only
Female Critical Illness 100% of the basic face
amount
Min : PhP 500,000
*VUL only Max : PhP 2,000,000 18 - 55 65
Female Critical Illness 100% of the basic face
and Maternity amount
Benefits Min : PhP 500,000
Max : PhP 2,000,000 18 - 45 65
*VUL only
Accidental Death, Please refer to ADB/ADDD Accidental Death /
Dismemberment and Limits Dismemberment
Disablement Benefit up to age 70
(ADDD) 0 - 55 Disablement : 60
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INCOME REPLACEMENT/INCOME MULTIPLE TABLE
AGE AND INCOME MULTIPLE
30 = 18 40 = 14 50 = 08 60 = 05
31 = 18 41 = 13 51 = 08 61 = 05
32 = 17 42 = 13 52 = 07 62 = 04
33 = 17 43 = 12 53 = 07 63 = 04
34 = 16 44 = 12 54 = 07 64 = 04
35 = 16 45 = 11 55 = 07 65 = 04
36 = 16 46 = 10 56 = 06 66 = 03
37 = 15 47 = 10 57 = 06 67 = 03
38 = 15 48 = 09 58 = 06 68 = 03
39 = 14 49 = 09 59 = 05 69 & 70 = 02
Even if the prospect needs (for ex.) 30M insurance coverage based on Financial Needs Analysis,
underwriting will decline insurance coverage more than the annual salary x income factor
of the prospect.
NOTE: Exchange Rate = Ps 50.00 per US$ 1.00. Calculation of retention limit is inclusive of all existing
death benefits under regular underwritten policies, GIO, SIO + the current Application.
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NON - MEDICAL LIMITS (Regular)
- Aggregate previous sum assured with Sun Life past 5 years + pending insured applied for. Take note
of plans with face amounts other than 100%
- Add RTB, CIB & FB/FMB to basic
A 35-year old client applies for a Ps. 1 million coverage on January 2012.
He has the following existing policies with Sun Life all on Non-Medical Evidence.
* In this case, only policies issued since 2007 to 2009 which totals to Ps. 1,100,000
is considered. Add this coverage to the current application of Ps. 1, 000,000, then it totals
to Ps. 2,100,000 which is still within our Non Medical limit.
NOTES
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GIO NON - MEDICAL LIMITS
Aggregate all GIO FA (Pending + In Force
with SLOCPI)
Peso US$
Age Single Single 25%
25% FA
Premium Premium FA
NOTE:
*Follow maximum issue age for the product.
PARAMEDIC’S LIMITS
Face Amount
Type
Ps US$
Regular/Mobile 5M & below 100,000 & below
Special Limited/Mobile Up to 10M Up to 200,000
NOTES:
1. Examiner / Paramedic CANNOT examine the same client within 1 year.
2. Refer to the list of Accredited Examiners / Laboratories provided by SLOCPI Medical Department.
3. In case there are no accredited examiners or laboratories in the area, coordinate with SLOCPI Medical
Department.
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INSPECTION REPORTS
Aggregate total in force + pending with SLOCPI + Other Companies
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FINANCIAL REQUIREMENTS
Aggregate total in force + pending with SLOCPI + Other Companies
Amount Requirements
Up to Ps 5,000,000 (or US$ None
100,000)
Ps5,000,001 to 10,000,000 or Agent’s Confidential Report (ACR) completed by the Advisor
US$100,001 to 200,000
Ps10,000,001 to 25,000,000 or Financial Questionnaire completed and signed by the applicant
US$200,001 to 500,000
Over Ps 25,000,000 or 1. Financial Questionnaire completed and signed by the applicant
Over US$ 500,000 2. Cover letter completed by Advisor to justify total insurance need
3. Proof of ownership of properties and business shares/proof of
annual income
4. Audited Financial statements within the last two (2) years
5. Inspection Report
PESO/DOLLAR LIMIT FOR ALL PLANS: Amounts quoted below are the starting amounts for the medical requirements.
PESO LIMITS (Ps) SPECIAL TESTS US DOLLAR LIMITS (US$) SPECIAL TESTS
Micro
Age Urinalysis Treadm Micro Urinalysis
Blood X-ray ECG Blood X-ray ECG Treadmill
+ ill + Cotinine*
Cotinine*
0-19 - - - - - - - - - -
5M
100,000
20-35 (Cotinine - - - - - - - -
(Cotinine Only)
Only)
* Cotinine test is required only for applicants applying for Non-Smoker rate.
** For ages 70 and over, if the amount of insurance is below Ps 500,000 (US$10,000), all above tests
are still necessary but cost will not be shouldered by SLOCPI.
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BLOOD TEST COMPOSITION
SUNLIFE 12(SL12) SUN LIFE 13 (SL13)
FOR AGES 70
Note: All of these must appear in REFLEX TESTS For Males Age 55 &
& OVER
the lab results Over
HBA1C if Glucose is
HIV GGTP Cholesterol elevated
SGPT HBsAg Creatinine HBeAg; Anti-Hbe if SL12 or
SL12 + PSA
SGOT Anti-HCV Alk. Phos. HbsAg is + SL13 + CBC
Albumin Glucose Triglycerides HDL if chol or trigs is
elevated
COTININE GUIDELINES
WHEN is Cotinine Test required?
1. NEW BUSINESS - Applicant is applying for Non-Smoker rate. Refer to age and
amount on the table of Other Medical Requirements.
2. POLICY CHANGE - Change rate from smoker to nonsmoker rate. Get Cotinine
tests on all requests regardless of amount and age.
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VALIDITY OF MEDICAL & FINANCIAL REQUIREMENTS
Application Form Submit within thirty (30) days from date of signing
Medical Exam 1. Valid for three (3) months if done for the current application
2. Valid for six (6)months if taken from a previously issued standard policy
3. Valid for three (3) months if taken from a previously rated, declined,
postponed, or NPW’ed case.
NOTES:
1. For #2 and #3 above, complete the Non-Medical portion of the
Application.
2. Underwriter reserves the right to require a medical examination
depending on the assessment results.
2. The minimum amount of insurance is Ps. 500,000 and the applicant must be qualified for
this amount.
3. The routine medical requirements for Ps. 500,000 FA are: Medical Examination, Chest X-
ray, ECG and micro urinalysis.
4. All applications must be submitted together with complete Agent’s Confidential Report
(ACR).
5. Attending Physician Statement (APS) from his/her personal doctor must also be available.
6. If Face amount applied is below Ps. 500,000, the company will not shoulder the costs of
all routine tests from blood chemistry, cotinine, X-ray and ECG.
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