In light of the most recent calamity due to Typhoon Odette, we are extending the grace period for clients who were affected by the typhoon's onslaught. Policy owners/plan holders residing in the following areas are covered by this extension:
This will cover policies/plans with due dates from November 16, 2021 to January 16, 2022.
Kindly see the table below for details of the extension:
|Standard Grace Period||Additional Grace Period||Extended Grace Period|
|Life policies||31 days||60 days||91 days|
|Pre-need plans||60 days||31 days||91 days|
|VUL||31 days||60 days||91 days|
Traditional life insurance policies and pre-need plans covered by this notice will not lapse if premiums or installments are paid within the given grace period extension.
For VUL policies, the extension will take effect when the total fund has been depleted.
Residents of the aforementioned areas who will receive a payment reminder or a lapsed notice are advised to disregard those and instead refer to the extended grace period above.