You have three choices if your policy has a cash value:

• Option 1: Cash Surrender – Get the cash value (minus any loans).

• Option 2: Reduced Paid-Up Insurance – Keep a smaller policy with no more premiums.

• Option 3: Extended Term Insurance – Keep the same coverage for a limited time with no more payments.

If you don’t choose, Option 3 (Extended Term Insurance) applies automatically.

You have several choices for your annual dividends. You can:

• Receive them as a cash payment.

• Use them to help pay your premiums.

• Leave them to grow with interest in an account.

• Use them to buy additional small amounts of paid-up life insurance.

If you don't choose an option, the dividends will automatically be left to accumulate with interest.

Interest will be charged at a rate approved by the Insurance Commission. The loan and interest are due on your next policy anniversary. If you don't pay it back, the total amount (loan + interest) will automatically become a new loan, and new interest will be charged.

No. The policy clearly states that Article 1250 of the Philippine Civil Code, which deals with extraordinary inflation or deflation, does not apply. The value of all amounts and benefits is fixed in Philippine Pesos as stated in the policy.

This is an automatic feature. If you elect this option and don't pay a premium, the company will automatically use your accumulated dividends and then take a loan against your policy's cash value to pay the premium for you at the end of the grace period.