Golden Life Insurance Program

Product Features

This is an OPTIONAL PROGRAM.

Payment Period      : 10 years

Coverage                    : up to 100 YEARS OLD

Eligibility                  : 70 years old and continuing members of the Basic Life Insurance Program [BLIP]. Members shall be entitled to Refund of Contributions and retirement (RSF) Benefit and shall be given the option to enroll to the program.

Other Provisions:

1. Covers the member only (no more legal dependents)
2. No more riders (RF, TPD, MVAH)
3. No more Waiting (Contestability) Period
4. If the member wishes to discontinue the Golden Life Insurance Program, the member has an option to surrender the policy:
   • For its Cash Surrender Value, which is at least 50% of the all the paid premiums or
   • Convert it to a Reduced Paid-up Insurance.