Bpi philam cash surrender form 2025

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In the case of mutual funds, short-term surrender charges can apply if a buyer sells the investment within 30, 60 or 90 days. These surrender charges are designed to discourage people from using an investment as a short-term trade. This arrangement is also common with variable annuities.
To apply for policy loan or partial withdrawal, kindly send us an email at customerservice.ph@.com with the following requirements: Policy Owners Full Name (First Name, Middle Initial, and Last Name) Mobile or Landline Number. High resolution scanned copy of the policy owners ID with photo and signature.
Cash surrender value is the actual amount of money you will receive if you choose to terminate a permanent life insurance policy before its maturity date, or before you die. That value differs from your life insurance policys cash value component, which is the total sum compiled in your policys cash account.
If you are unable to pay for your premiums during your date, you have a 31-day grace period in which you will be allowed to pay without interest. During the period of grace, your policy is still active or in-force.
What should I do if I want to terminate my plan? You can email us at BPIAIA.CustomerService@.com requesting for termination of coverage at least one month before the next premium payment date.
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Surrender Request means a request submitted by a Policyowner or Authorized Representative to surrender a Covered Policy. The specific Surrender Request procedures and requirements are included in each Covered Policy.

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