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PrimeLife


Service companies offer many savings programs like insurance, pre-need, mutual funds and healthcare. Now, Prudentialife has combined all the benefits of these programs into one comprehensive package with PRIMELIFE; for every family to enjoy the fullness of life.

Primelife is a comprehensive package of Hospitalization Benefit, Insurance Coverage, Money-Back Benefit and a professionally-managed Memorial Service. It comes in two types: PrimeLife Classic which includes a Wooden Casket and PrimeLife Premier which includes a Metal Casket.


Hospitalization Reimbursement Benefit
P148,400.00 maximum medical reimbursements per illness/disability, per year.

Insurance Coverage

Insurance
Coverage
Benefit
Full Payment Guarantee
During paying period and before age 70
Balance in the plan becomes fully paid
Waiver of Installment Due to Permanent Disability
During paying period and before age 65
Installments are waived as they fall due
Accidental Death & Dismemberment Benefit
During paying period and before age 60
Max of 100% of Contract Price is given to Planholder / Beneficiary
Family Assistance Fund
Before PH reaches age 70
100% of the Contract Price is given to Beneficiary
Dual Protection Benefit
During paying period and before co-PH reaches age 60
Balance of the plan becomes fully paid

Money-Back Benefit
Fifteen (15) years after full payment of the plan, 100% of the Contract Price is given to you, or to your named beneficiary.

Professional Memorial Service
Prompt, professional, and personal handling of the memorial event in any of our 200 accredited servicing mortuaries. A quality metal casket goes with the package.

Affordable Prices
PrimeLife is payable in five (5) years with the following rates:

PrimeLife Classic (Wooden Casket):

Mode
Contract Price
RegularInstallment
Annual
P124,430.00
P24,886.00
Semi-Annual
P131,210.00
P13,121.00
Quarterly
P138,060.00
P6,903.00
Or a one-time spot cash payment of P110,157.00 only.

PrimeLife Premier (Metal Casket):


Mode
Contract Price
RegularInstallment
Annual
P157,800.00
P31,560.00
Semi-Annual
P165,580.00
P16,558.00
Quarterly
P173,460.00
P8,673.00
Or a one-time spot cash payment of P139,699.00 only.

Plan Flexibilities
1. Transfer - The plan can be sold or donated by the living Planholder to another living person who shall enjoy the remaining benefits.
2. Updating - The plan, if it has lapsed, can be reinstated by paying the arrears, late payment charges, and administrative fees.
3. Assignment - The memorialization can be assigned by the Planholder to anybody who pre-deceases him, provided the plan is fully paid. The hospitalization benefit shall be terminated.
4. Termination - The Planholder, upon approval by the Company, may get the plan’s attained annual cash value.
 
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