MULTIPLE OPTION SUPER TERM 18 (M.O.S.T. 18) LIFE INSURANCE
M.O.S.T. stands for Multiple Option Super Term, and it’s a life insurance product that covers you for 18 years, thus the name M.O.S.T. 18.
It’s a product by Manila Bankers Life Insurance Corporation, and launched in partnership with IMG to provide Filipino families with an affordable term life insurance with a Zero-risk savings and investment component.
M.O.S.T. 18 allows a family to have MAXIMUM LIFE INSURANCE COVERAGE at a MINIMAL COST.
How Affordable is M.O.S.T. 18?
For a 30-year old, the annual premium would only be P5,710 for a P1 million coverage.
Yes, that's right. You only have to pay P5,710 per year (not per month, not per quarter) and you’re already insured for P1 million.
It has an optional investment component called PDF
What makes MBLife MOST 18 unique is that you can choose to pay more than your annual premium. And the excess cash that you pay will be invested to the PDF or Premium Deposit Fund to fund any of your financial goals (College Education, Retirement, Travel, etc.).
PDF is like a Mutual Fund
It can earn more than a savings account, and it is very liquid. You can put more money there anytime you want. And you can also withdraw your money from it any time you need it....with ZERO CHARGES!
M.O.S.T. 18 Features & BENEFITS
M.O.S.T. 18 is an 18 year-term life insurance product with PDF or Premium Deposit Fund
For exactly the same amount of protection, MOST 18 requires you to pay a very low premium cost compared to other life insurance products which will require you to pay higher amount of premium.
AfFORDABILITY
50% Lower than endowment, w/ higher coverage and benefits. Be protected for the contingencies in life.
PREMIUM FLEXIBILITY
Settle your contributions base on a schedule that fits your lifestyle.
COVERAGE ADVANTAGE
Has Level Coverage risk. Your cash value/savings is always added to your protection/coverage.
LOW CHANCE OF LAPSATION
Premium that will fall due may be settled/deducted from the Premium Deposit Fund (PDF) and its investment earnings.
HIGHER FUND VALUE thru PDF
- Premium Deposit Fund (PDF) offers very competitive rate of return resulting to higher growth with guaranteed zero-negative return.
- Payable to the beneficiaries upon death of the insured.
- Can put maximum total deposit of 100% of the Face Amount, excluding interest earnings.
WITHDRAWAL ADVANTAGES
- You can withdraw your savings anytime without any penalty; even on the 1st year you can still have the protection/coverage.
- Can work as an Emergency Fund since cash value/savings can be withdrawn in case of emergency.
ALTERNATIVE INVESTMENT FLEXIBILITY
Free to decide where to invest cash value/savings due to withdrawal advantage.
ISSUE AGE & CONVERTIBILITY
- Insure yourself and your whole family. Issue age is between 5 to 60 years old.
- You have an option to convert your insurance to a permanent policy.
AdDRESES VARIOUS FINANCIAL NEEDS
Can serve various future needs such as:
- Retirement
- Education
- Travel
- Savings
HOW DOES M.O.S.T. 18 WORKS?
SAMPLE ILLUSTRATION
For the first year, there’s an additional one-time policy fee of P500. But for the next 17 years, the annual premium will be fixed at P5,710.
As the table shows, you were contributing P12,000 every year for the first five years. This is more than your annual premium. So the excess cash is going to your PDF.
For this illustration, we assume that the PDF investment consistently earns 4% every year. This is the rate your money that’s invested inside your PDF is growing every year.
On the 6th year, you suddenly needed P20,000 for a personal expense. Since your PDF is worth P29,113 during this time. You have the option to withdraw from it, which you did.
On the 7th year, times were difficult and your budget is tight. But because the value of your PDF can cover the annual premium. You have the option to not pay that year. And that’s exactly what you did.
Then starting on the 8th year, you chose to contribute P20,000 for the next five years. This grew your PDF amount significantly.
It grew so much that you didn’t have to contribute anymore because the PDF can already cover your annual premiums until the 18th year of the policy.
Interestingly, during the 16th year, on your 45th birthday, you chose to withdraw P40,000 from your PDF to use for your birthday party. Which is totally okay because your PDF is worth P71,661.
I WANT TO START MY M.O.S.T. 18
How DO I START?
MUST BE 5-60 years old.
CAN AVAIL EVEN OFWs ABROAD
WHAT DO YOU WANT TO LEARN?
THE IMG PLATFORM
It's a New World of Possibilities! The IMG Membership Benefit Platform introduces a Do-It-Yourself approach that empowers its members in revolutionizing their financial life.
KAISER LONG-TERM HEALTHCARE
Kaiser Long-term Healthcare brings together the best features of an HMO, Health Savings Plan, and a Financial Investment rolled into one product.
M.O.S.T. 18 LIFE INSRURANCE
A comprehensive Life Insurance created to provide Filipino families with an affordable term life insurance with a zero-risk savings and investment component.
MUTUAL FUNDS
Investing allows anyone to achieve their financial goals faster by making their money work for them. Mutual Fund gives an equal opportunity to anyone who wants to start investing.
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