05/03/2025
Knights of Columbus Fraternal Association of the Philippines, Inc. Plan 121 - KC Family Protect 10
Plan Overview:
This is a life insurance plan with a focus on family protection and a savings component (cash value).
Here's a breakdown of the key aspects:
* Name: Plan 121 - KC Family Protect 10
* Issue Age: 45 years old
* Face Value (Death Benefit): P 300,000 (This is the amount paid to beneficiaries upon the insured's death)
* Annual Contribution (Premium): P 15,777.00
Key Columns and Their Meanings:
* BC Year: Benefit Certificate Year (essentially the policy year).
* Attained Age (End of BC Yr.): The insured's age at the end of that policy year.
* Annual Contribution (Beg. of BC Yr.): The annual premium paid at the beginning of each policy year.
* Total Paid Contribution (Beg. of BC Yr.): The cumulative amount of premiums paid up to that point.
* Guaranteed Family Benefit: This is the death benefit, which remains constant at P 300,000 for the duration of the plan.
* Guaranteed Cash Value: This is the savings component of the policy. It represents the amount you can access if you surrender the policy. This value increases over time.
* Accumulated Cash Participation Interest Rate Scenarios: This section shows the projected cash value growth based on two different interest rate scenarios: 0.20% and 0.10%. These are illustrative and not guaranteed.
