Loan Secure

Group Sales Presentation
the Largest Life Insurance Company in Canada,

3rd Largest in North America, and
among the Top 10 Largest in the World.
1st
3 rd Top 10
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3
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MANULIFE FINANCIAL CORPORATION 1,899,419,088,000.00
SUN LIFE FINANCIAL, INC. 1,192,032,957,175.00
SM INVESTMENTS CORPORATION 1,146,762,889,384.00
SM PRIME HOLDINGS, INC. 1,054,091,956,831.00
AYALA CORPORATION 665,294,794,164.00
AYALA LAND, INC. 638,326,476,639.30
BDO UNIBANK, INC. 626,026,071,732.70
JG SUMMIT HOLDINGS, INC. 542,585,255,517.75
ABOITIZ EQUITY VENTURES, INC. 421,407,683,263.60
BANK OF THE PHILIPPINE ISLANDS 392,516,130,260.70
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PhP 1.6 billion
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The Promise We Keep
Manulife’s Total Claims Experience in the past 10 years
Year Claims
2016 2,020,946,160
2015 1,451,073,103
2014 1,464,080,000
2013 1,145,500,000
2012 1,001,730,000
2011 782,910,000
2010 517,190,000
2009 377,740,000
2008 279,830,000
2007 467,390,000
Total PhP 9,508,389,263 B
*Figures include Claims Paid, Living Benefits and Maturities
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Borrower’s Dilemma
Banks, Lending Companies, Real Estate Firms,

Multipurpose Cooperatives and the likes.
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Group Credit Life/Loan Secure
 GCL/Loan Secure is a yearly renewable term plan issued on the lives

of borrowers/debtors covering their outstanding loans granted by a
creditor. The creditor is both the policyholder and the primary
beneficiary.
 In the event that the insured debtor dies, the amount of insurance is
payable to the creditor to the extent of the outstanding loan balance.
 Coverage is for any cause of death*, anywhere, anytime.
*after a year of coverage; within the first year of coverage, the Suicide clause applies.
Features and Benefits
 24/7 Protection coverage against death

 Streamlined Process
 One Master Policy
 Common Rate
 Flexible Terms
 Service Fee for the Bank
 Bonus Benefit – Free Group Insurance
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Advantages
CREDITOR
 Prompt settlement of
outstanding indebtedness
 Add value to bank/creditor
products
 Income stream in the form of
Service Fee
BORROWER
 Protection and Peace of Mind
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Manulife Loan Secure Plan Features
 Insures the lives of the borrowers of the lending institution.
 Maximum coverage per borrower is equal to maximum loanable

amount not to exceed 10,000,000 per borrower.
 No Evidence limit of P300,000 for ages 18-64
NET RATE:
 Life – Php 0.40/1,000 per month
 Accidental Death, Dismemberment & Disablement – Php 0.08/1,000 per

month
 Total & Permanent Disability – Php 0.08/1,000 per month

Manulife Loan Secure Plan Feature
OPTIONAL RIDERS
 TOTAL AND PERMANENT DISABILITY BENEFIT (TPD)

 Should the insured member/employee becomes totally & permanently disabled for a period of 6 consecutive
months resulting from bodily injury or disease, MANULIFE will pay the insured member/employee in lump
sum, an amount equivalent to the Death Benefit to compensate for the member’s/employee’s lost of income.
 Age Eligibility: 18 – 59 years old
 COMPREHENSIVE ACCIDENT PROTECTION (ADDD)

 Should an insured member suffer a loss directly and independently of all other causes, any bodily injury
affected solely through external, violent, and accidental means, within 180 days from the said accident,
MANULIFE will pay such member, if living, otherwise to his/her designated beneficiary/ies an amount equal
to the benefits stated in the Schedule of Losses.
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SCHEDULE OF BENEFITS
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 DOUBLE INDEMNITY in case of accidental death, student’s death

benefit – payable to his/her family – will increase to 200% of the Sum
Assured.
 TRIPLE INDEMNITY The same death benefit – payable due to
accidental death – will increase to 300% of the Sum Assured if the
death occurs.
While the employee is riding as a passenger within any motorized
and duly licensed public utility land transport
While the employee is riding in an elevator (except those used in
mines and construction sites)
As a consequence of the burning of any theater, hotel, mall, church,
hospital, market, restaurant or other public building in which the
employee shall be at the commencement of the fire and in which the
presence of the employee is only coincidental.
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 Free group insurance for

partners’ employees.
 Upon reaching 70 enrollees and
at least P3,000,000 in loans.
 5-25 employees per branch will
be covered for P50,000 each. Life
insurance with ADD, TPD, and
HIB (P200/day).
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Excluded occupations under GCL and Loan Secure
 PEPs (politically exposed person) - 6 mos prior and after election
 Security Guards
 Barangay officials - Kagawad and below
 Tanods and Watchmen
 Members of military and policy organization
*Military Personnel has different branches and includes the ff: Armed Forces of the
Philippines (AFP), Philippine Air Force (PAF), Philippine Coast Guard (PCG), Philippine
Marine Corps (PMC), Philippine Navy, Presidential Security Group (PSG), Security
Personnel.
*PNP Branches include: Philippine National Police (PNP), Bureau of Jail Management and
Penology (BJMP), Bureau of Fire Protection (BFP).
For excluded occupation, full refund of members paid premium will be

process or they can use for their next enrollment.
Loan Secure Proposal
INSURANCE SCHEDULE AND PLAN DETAILS
All borrowers who are at least eighteen (18) years old but not over
sixty-four (64) years of age at the inception of the plan and are
ELIGIBILITY
physically and mentally able to perform the usual and normal duties
of their occupation shall be eligible under the plan.
AMOUNT OF INSURANCE NET PREMIUM RATE

Credit Life Php 0.40 / 1,000 per month
Accident Death, Dismemberment and Disablement Php 0.08 / 1,000 per month
Total and Permanent Disability Benefit Php 0.08 / 1,000 per month
TOTAL PREMIUM: Php 0.56 / 1,000 per month
NO EVIDENCE LIMIT (NEL)

The No Evidence Limit (NEL) is the maximum
P300,000.00
amount for which an enrolled person may initially be
insured without furnishing evidence of insurability.
Upon enrollment of at least 70 borrowers with a total loan

volume of P 3M, your employees are given free coverages of life
protection, comprehensive accident benefit, disability income benefit
and daily hospital income benefit. A maximum of 25, employees per
BONUS BENEFIT FOR
branch are entitled to avail of this bonus benefit package:
EMPLOYEES OF THE BANK
GROUP LIFE - Php 50,000
COMPREHENSIVE ACCIDENT PROTECTION - Php 50,000
TOTAL PERMANENT DISABILITY BENEFIT - Php 50,000
DAILY HOSPITAL INCOME - Php 200
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Computing for premiums
Gross Premium Computation
(for 1 borrower)
Net monthly premium rate P0.40 per 1,000 of insurance in-force

Applied service fee 10%
Gross monthly premium rate P0.44 per 1,000 of insurance in-force
Amt. of the loan P 100,000
Term of the loan 12 months
Gross Premium = amt. of loan / 1000 x premium rate x
term of loan
= 100,000 / 1000 x P0.40 x 12months
= P480 Net premium (Paid to Manulife)
= P48 Service fee (Goes to the

creditor)
= P528 Gross premium (Paid by the
borrower)
Sample Illustration
Personal loan Creditor: P 60,000

Term: 12 months
Secondary
16-64 Years Old
Beneficiary: P 40,000
Loan Amount : P100,000
1 3 5 6 7 8 9 10 11 12
Amount 100,000 85,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 5,000
Loan
P528.00/annual
premium
Next Steps
 Signed Franchise Form (UGFF)
 Please answer the Credit Life Survey Sheet at the back of the
Franchise Form
 Borrower’s list in an excel file

Thank you

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Group Sales Presentation

the Largest Life Insurance Company in Canada,

SUN LIFE FINANCIAL, INC. 1,192,032,957,175.00

SM INVESTMENTS CORPORATION 1,146,762,889,384.00

SM PRIME HOLDINGS, INC. 1,054,091,956,831.00

AYALA CORPORATION 665,294,794,164.00

AYALA LAND, INC. 638,326,476,639.30

BDO UNIBANK, INC. 626,026,071,732.70

JG SUMMIT HOLDINGS, INC. 542,585,255,517.75

ABOITIZ EQUITY VENTURES, INC. 421,407,683,263.60

BANK OF THE PHILIPPINE ISLANDS 392,516,130,260.70

Banks, Lending Companies, Real Estate Firms,

 GCL/Loan Secure is a yearly renewable term plan issued on the lives

 Coverage is for any cause of death*, anywhere, anytime.

 24/7 Protection coverage against death

 Maximum coverage per borrower is equal to maximum loanable

 No Evidence limit of P300,000 for ages 18-64

 Life – Php 0.40/1,000 per month

 Accidental Death, Dismemberment & Disablement – Php 0.08/1,000 per

 Total & Permanent Disability – Php 0.08/1,000 per month

 TOTAL AND PERMANENT DISABILITY BENEFIT (TPD)

 Age Eligibility: 18 – 59 years old

 COMPREHENSIVE ACCIDENT PROTECTION (ADDD)

 DOUBLE INDEMNITY in case of accidental death, student’s death

 Free group insurance for

For excluded occupation, full refund of members paid premium will be

AMOUNT OF INSURANCE NET PREMIUM RATE

NO EVIDENCE LIMIT (NEL)

Upon enrollment of at least 70 borrowers with a total loan

Net monthly premium rate P0.40 per 1,000 of insurance in-force

= P480 Net premium (Paid to Manulife)

= P48 Service fee (Goes to the

Personal loan Creditor: P 60,000

 Signed Franchise Form (UGFF)

 Borrower’s list in an excel file

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