Yes. You can convert this policy to any permanent life insurance plan the company offers, without needing a new medical exam.

No. The amount of the new permanent policy cannot be more than the original Sum Insured of your 10 Year Term policy.

To convert, you must:

• Submit a written request to the company during the conversion period.

• Surrender the original term policy.

• The new permanent policy will be issued based on your current age and the sum insured of the original policy.

• Premiums will be calculated using your age at the time of conversion.

There are few important rules: You must convert before the policy's termination date and at least two years before the policy ends.

• The insured person must be under 60 years old.

• You must submit a written request to the company and surrender your current policy.

No. The document clearly states this policy has "no cash value." It is designed purely for protection, not for savings or investment.

The premium will be based on your age at the time you convert the policy and the type of permanent plan you choose.

No. There is a "grace period" (the length is not specified in this document) after your premium due date. If you do not pay within that grace period, the policy will then terminate.

• 10-Pay Term to Age 65: You pay premiums for only 10 years, but coverage lasts until age 65.

• Regular Pay Term to Age 65: You pay premiums regularly (e.g., monthly, yearly) until age 65, and coverage also lasts until age 65.

If you can’t pay a premium, the company can use your policy’s Cash Value to cover it as a loan. If the Cash Value is too small, coverage may shorten.

Yes. Once your policy has a Cash Value, you can take a Policy Loan (up to the Cash Value amount). Interest will apply, and unpaid loans reduce the death benefit or can cancel the policy if the debt exceeds the Cash Value.

If you miss a premium and don’t choose an option by the end of the grace period, the policy will automatically switch to Extended Term Insurance. This means your coverage continues for a limited time without further payments, but the amount or duration may be reduced.

Your coverage continues for a set period without premiums. The length of coverage depends on your policy’s Cash Value. If there’s extra Cash Value, it may add a small Paid-Up Pure Endowment benefit at age 87.

The policy will automatically terminate, and all coverage will end. Refer to the Table of Non-Forfeiture Values in your policy or contact the company for details beyond the table.

You can choose:

• Cash surrender: Get the policy’s net cash value (minus debts).

• Paid-Up Insurance: Keep a reduced death benefit with no further premiums.

• Extended Term Insurance: Maintain full coverage temporarily without paying more.

The policy ends automatically if:

• Premiums remain unpaid after the 31-day grace period.

• You convert it to a permanent plan.

• The insured reaches the termination date or age 60 (upon maturity).

• The Policy Owner submits a written cancellation notice to the insurer before renewal.

Any valid claims before termination will still be paid.

Yes, if you're under 60 and you don't cancel it in writing, Premiums are paid (including during the 31-day grace period) without a medical exam if:

• You submit a written request to the insurance company

• You do it on a policy anniversary date

• The new coverage amount doesn't exceed your current policy

*Your premium will be based on your current age at conversion.

Coverage stops immediately.

• No cash surrender value is paid

• Valid death claims before termination are still paid

• No refunds for unused premiums

* For exact dates and procedures, check your policy documents.

No. This policy has no cash value. It is purely a term life insurance product. This is a non-participating policy, meaning it does not share in the company’s profits.

No, this policy does not have any cash value. You can't borrow against it or get money by canceling it.

Your beneficiary receives the full coverage amount (minus any loans you took against the policy).

You have a grace period to pay. If you don't pay:

• The policy ends automatically

• You lose coverage

• Any claims before termination are still valid

No. Since this policy has no cash value, you won't get money back if you cancel it.

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.

You can receive 100% of the sum insured at the maturity period as a living benefit.

You have a few choices. You can:

• Surrender it for cash (Net Surrender Value).

• Use it to buy a smaller, fully paid-up policy that requires no more payments (Paid-Up Insurance).

• Use it to keep your full coverage amount for a specific period without paying more premiums (Extended Term Insurance).

Yes, this is a "participating" policy. You can choose to:

• Receive the dividend as a cash payment.

• Use it to help pay your premium.

• Leave it to grow with interest in an account.

• Use it to buy additional paid-up life insurance, which increases your total coverage.

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

You can choose a five-year paying plan (First Star 5) or a ten-year paying plan (First Star 10), allowing you to match your premium payments with your budget and financial goals.

If you experience total and permanent disability, all future premiums are waived, so your coverage continues without any payment worries.

If you choose this option and miss a payment, the company will automatically pay your premium for you. It will first use any dividend savings you have and then take out a policy loan to cover the rest. This helps prevent your policy from lapsing if you forget a payment.

Your policy includes a Table of Non-Forfeiture Values that shows the estimated cash value, paid-up insurance amounts, and extended term durations for different years. You can also request more detailed information from the company in writing.

• Death Benefit: 100% of the Sum Insured (minus debts or prior claims) if the insured dies before the policy matures.

• Critical Illness Benefits:

  • Major Diseases: 100% of the Sum Insured (minus debts or prior claims) for conditions like cancer or kidney failure.

  • Minor Diseases: 10% of the Sum Insured (minus debts) for early-stage illnesses like carcinoma-in-situ.

• Maturity Benefit: 100% of the Sum Insured (minus debts or prior claims) if the insured reaches age 80.

Yes. No benefits are paid for critical illnesses caused by:

• HIV/AIDS (unless due to occupational exposure or blood transfusion).

• Self-harm, suicide, or illegal acts.

• War, terrorism, or nuclear accidents.

• Drug/alcohol abuse or high-risk activities like professional sports.

• Pre-existing conditions (illnesses diagnosed or treated before the policy started).

It’s any illness, injury, or symptom you had or should have known about before the policy began. These are not covered.

What does this policy cover?

• Death benefit: 100% of coverage (minus loans/claims)

• Early stage cancer: 40% of coverage (after 180 days)

• Advanced cancer: 80% of coverage (after 90 days)

• At age 75: 100% of coverage if still living

It ends when:

• You stop paying

• Reach age 75

• Get full payout

• Cancel policy

• Loans exceed cash value

No payouts for:

• Pre-existing conditions

• AIDS/HIV related illnesses

• Pregnancy/childbirth issues

• Congenital defects

• War/terrorism injuries

• Drug/alcohol related illnesses

• After 30 days waiting period (1 year for pre-existing conditions)

• Must stay at least 3 days

• ICU pays double (max 30 days/year)

No payment for:

• First 30 days of policy

• Pregnancy/dental/check-ups

• Suicide/drugs/alcohol

• War/terrorism

• Cosmetic surgery

Submit within 90 days:

• Policy documents

• Hospital proof

• Doctor's notes

Company may ask for more tests

The Cash Value grows over time and can be used to take a loan, pay premiums, or surrender the policy for cash. The exact amounts are listed in the Table of Non-Forfeiture Values.

It ends when:

• You stop paying (after grace period)

• You take all the cash value

• Your loans exceed cash value

• You reach age 87

• Any valid claims before termination will still be paid.

• At age 87: You get 100% of coverage amount (minus loans) if living

• If you die: Your family gets 100% of coverage amount (minus loans)

If enabled, unpaid premiums will be paid automatically using a policy loan. If the Cash Value is too low, coverage may be reduced or shortened.

If the Cash Value drops below the cost of a quarterly premium, the policy will end after a short extension, and you’ll be notified in writing. For more details, review your policy documents or ask your First Life Builder

• Death benefit: 100% of the sum insured (minus loans) if the insured passes away before maturity.

• Maturity benefit: 100% of the sum insured (minus loans) paid to you if the insured lives to the maturity date.

• Pure Endowment bonuses: Extra payouts at the 10th, 15th, 20th, and 25th policy anniversaries if the insured is alive.

If you miss a payment and don’t act by the grace period’s end, the policy automatically converts to Paid-Up Insurance (reduced coverage with no further premiums).

You can choose:

• Cash surrender: Receive the net cash value (minus any loans).

• Paid-Up Insurance: Keep a smaller death benefit with no more premiums.

• If you die before maturity: 100% of coverage (minus loans) to your family

• At age 60: 100% of coverage (minus loans) to you if living

Your policy includes a table showing:

• Current cash value

• Reduced coverage amounts

• How long extended coverage lasts

You can request updated numbers from first life insurance.

Yes! Once there's cash value, you can:

• Borrow up to the cash value

• Interest rate is set by Insurance Commission

• Must repay by next policy anniversary (or it renews automatically) Policy ends if your loans exceed cash value

• If death occurs: Sum insured + dividends - loans

• At maturity date: Sum insured + dividends - loans (if alive)

• College benefits: Pays at ages 18-21 (amounts shown in policy)

No, after 2 years the company can't cancel except for:

• Non-payment

• Fraud (by law)

Yes, but:

• "Revocable" beneficiaries: Can change anytime

• "Irrevocable" beneficiaries: Need their consent

Starting at age 18, the policy pays:

• Year 1 (age 18): 20% of coverage

• Year 2 (age 19): 23% of coverage

• Year 3 (age 20): 26% of coverage

• Year 4 (age 21): 31% of coverage

(minus any loans)

• Take the cash - Get the surrender value (minus any loans)

• Keep smaller coverage - Switch to reduced paid-up insurance (no more payments)

• Keep full coverage temporarily - Get extended term insurance (automatic if you don't choose)

It ends when:

• You stop paying (after grace period)

• Loans exceed cash value

• College benefits are fully paid

• Policy reaches maturity

• Valid claims before termination will still be paid.

• If you die: Beneficiary gets sum insured + paid-up additions + dividends - loans.

• At maturity: You get sum insured + paid-up additions + dividends - loans (if alive).

Yes! If the company makes profits, you may get yearly dividends. Choose to:

• Take as cash

• Pay premiums

• Let them grow with interest (default if you don’t choose)

• Buy extra insurance

Your choice only affects future dividends.

Yes! Once there’s cash value, you can take a loan up to that amount.

• Interest rate is set by the Insurance Commission.

• Unpaid loans roll over yearly with new interest.

• Policy ends if debt > cash value.