For Filipino parents, making the most out of their hard-earned money is always a challenge. For the financially savvy, the challenge is on prioritizing which future need they should save up for. According to recent studies conducted by Philam Life, education always falls among the top five financial priorities across different market segments.




The studies revealed that across market segments, from the Filipino-Chinese to the Younger Affluent and to the Overseas Filipino Workers (OFWs), education is a key priority in Filipino families. The Filipino-Chinese parents consider their children's education as equally important as spending quality time with their family. Similarly, the Younger Affluent parents prioritize their children's education over saving up for their retirement. Among OFW parents, many regard the completion of their children’s college education as one of the conditions that would allow them to come home.

“We understand that education is a key priority among Filipino parents but they are wary of getting an education plan because of the pre-need issue in the past. They are also faced with the challenges of increasing tuition fees and the additional expense brought about by the extended years of basic education,” said Philam Life CEO Aibee G. Cantos.

As the country’s most trusted life insurance company, Philam Life is well positioned to help parents overcome these financial challenges and worries. “We have a long history of empowering Filipinos and we remain a strong and trustworthy partner of parents in achieving their dreams for their children,” Cantos added.

In the last 10 years, Philam Life paid out over Php10 Billion in education benefits (2004-2015). Last May, 50,000 scholars received their education payout for the first semester of SY 2016-2017. This October, 51,000 checks will be released for the second semester of SY 2016-2017.

“Times are changing and Philam Life has an important role to play in helping parents achieve their aspirations for their children. That’s why we continue to develop innovative product solutions that are relevant and responsive to their real life needs,” said Philam Life Chief Marketing Officer Mei-Chee Shum.

Philam Life introduces Future Scholar, an education plan that provides long-term growth potential and guaranteed education benefits. It offers access to Philam Life’s expertly-managed funds and guaranteed education benefits. The plan’s premiums would be waived in case the parent passes away or suffers from a total and permanent disability, and there is an option to get life insurance coverage for the parent that the family can use to supplement the education funding. Customers can choose from two simple payment options – pay over 5 years or pay regularly until the child turns 17.


“Parents are always thinking about the future of their children. They want their children to finish school and become successful. Philam Life’s Future Scholar is a product that help them realize their dreams for their children,” said Shum.


About Philam Life 

The Philippine American Life and General Insurance (Philam Life) Company is the country’s premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

Philam Life has PHP236.4 billion in total assets as of 31 December 2015 and has delivered timely payouts of over PHP10 billion in education benefits (2004-2015) and over PHP131 billion in insurance benefits (1950-2015), while serving close to 600,000 individual policyholders and over 2 million insured group members.

Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries  – BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).

Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.


About AIA 

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and representative offices in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of 31 May 2016.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

One of the most important things a parent should do is to ensure that their children receive the best education that money can buy. As parents, we must make sure that we are financially stable enough to put our children through school.  And we must also acknowledge that our children's dream university or college might be more expensive than we’d expect, especially since education costs have been rising every year.

Hence, planning ahead and making investments for our children's education, through an education plan, is very crucial.

As such, getting your children (or your future children) an education plan should be one of the first things parents should aim for, aside from being able to provide for the family. However, before getting one, parents must know and understand the features and benefits of an education plan, as well as the expenses that go along with it.

Every education plan, offered by many different companies, has a different set of benefits. This means that you have many things to consider while shopping for an education plan that fits your budget and your future goals. Do you get the pay-out benefits as soon as your child enters high school? Or is it for a college fund? How much do you need, and how much can the education plan give you?

Here are some helpful tips on getting the right education plan for your kid:

Always make sure that the benefits of the plan you are looking at are aligned with your needs. Better if there are additional features included like life or accident insurance so your children are still guaranteed to receive the education plan benefits in case something happens to you.

Research on the companies offering education plans. You’ll want to make sure that the company you are getting an education plan from is financially strong, trustworthy, reliable, and capable of keeping its promises. You want to be assured that you will receive the benefits on-time and in full, without having to worry about the company going bankrupt.

Save early: Start saving as early as possible so that you can be sure that you are financially stable enough to pay for your child’s education plan.

Find other sources to fund your child's education savings by exploring other resources of growing your money, such as investments, having passive income, and so forth.

Divide financial tasks between the two parents. Having mutual spending decisions, and constant communication about money is very important.


Education plans are something everyone should have for their children. Sometimes, the education we want for our children will cost more than an arm and a leg. A plan helps make that education more affordable.
Now that you know what kind of education plan you are looking for, you are ready to send your child to their dream university-- even before they've graduated high school.




About Philam Life 

The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

Philam Life has PHP236.4 billion in total assets as of 31 December 2015 and has delivered timely payouts of over PHP10 billion in education benefits (2004-2015) and over PHP131 billion in insurance benefits (1950-2015), while serving close to 600,000 individual policyholders and over 2 million insured group members.

Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries  – BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).

Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.


About AIA 

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and representative offices in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of 31 May 2016.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

Statistics show that at least 257 taxi drivers face road accidents a year, as reported by the MMDA. Be it fatal or not, lives are always at stake. That is why it is important to get insurance not only for the car but for the driver as well.

Philam Life was selected by one of the country's leading transport network vehicle services, Grab, through its insurance broker Jardine Lloyd Thompson (JLT) Philippines, to insure hardworking GrabTaxi drivers who have consistently met the company’s requirements. Aside from the comprehensive life, accident and disability coverage, the insurance also extends to the driver's loved ones through the Family Assistance Benefit (FAB), which provides additional cash on top of the life benefit should a driver unexpectedly pass away.
Now, GrabTaxi drivers will be able enjoy life, earning with the assurance of safety and security.



For more information on Philam Life, please visit http://www.philamlife.com or call Corporate Solutions at (02) 528-5566.



About Philam Life 

The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

Philam Life has PHP236.4 billion in total assets as of 31 December 2015 and has delivered timely payouts of over PHP10 billion in education benefits (2004-2015) and over PHP131 billion in insurance benefits (1950-2015), while serving close to 700,000 individual policyholders and over 2 million insured group members.

Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries  – BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).

Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.


About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$168 billion as of 30 November 2015.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

Everyone takes pride in looking younger. A youthful look becomes a badge of accomplishment in this era of Facebook and Instagram selfies, plus massive photo and video sharing.

Women break their wallets over skincare; the men’s skincare line seems to expand at each blink. The beauty space dominates with countless new aesthetic and cosmetic services being introduced to the market.

We seek ways to defy our biological age--- and that alone requires some work, time, and money.
So why are we being asked about our Vitality Age—and yes we hear you, why does it even matter?
Vitality Age is apparently the more controversial age. (By that, it is also the age we must be more alarmed about).

A global science-backed wellness programme has proven to encourage change in people by starting with this first step: finding out a person’s Vitality Age. This is revealed by answering basic questions about daily health habits: like personal nutrition, fitness regimen, sleep, basic medical history and records, mental and emotional background, etc.

Clinical experts have put together this Vitality Health Review which, upon completion, will calculate a person’s state of overall health.

Get this: all over the world, the average Vitality Age of a person is about three years older than his or her biological age. This disregards beautiful faces on unfiltered selfies. Beyond your looks and what the birth certificate proves, Vitality Age is the eye-opening number that reveals how your lifestyle is aging your body.

Expectedly, smokers, people with bad eating habits and those who lack exercise and are stressed, will find their Vitality Age to render worse outlooks than their Snapchat face swap.
Conclusion: People may be looking younger outside (if those creams and facial peels work), but are actually aging faster inside.
The good news is that Vitality helps people attain their ideal age through an 18-year-old programme tested on several countries. It helps in driving behavior change by rewarding people for being healthy.

Getting basic medical screens, going to the gym or walking more, eating fresh fruits and vegetables, quitting smoking and joining fitness events are activities that will be incentivized. Each effort accounts for Vitality Points which will lead to enjoyable rewards.

In that journey, people start to truly feel younger, and it will show with an improved Vitality Age.
Philam Life and BPI-Philam launched Vitality in the Philippines with three products. Philam Life’s Health Achieve and Family Secure; and BPI-Philam’s Assure Protect.  These plans are interestingly unlike any insurance product because these offer unprecedented living benefits—something a lot of traditional life insurers don’t pay much attention to.

With Vitality integrated in affordable and high-return unit-linked products, members enjoy benefits not just when unfortunate events happen, but can also experience the rewards of an engaging global programme every day.
No wonder the Philam Group keeps its lead despite bullish competition. Its Vitality Age must show how great a shape it’s in.



About Philam Life


The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

Philam Life has PHP226.8 billion in total assets as of 31 December 2014 and has delivered timely payouts of over PHP9 billion in education benefits (2004-2014) and over PHP118 billion in insurance benefits (1950-2014), while serving close to 600,000 individual policyholders and over 1,700,000 insured group members.

Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries – BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).

Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.


About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and representative offices in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$172 billion as of 31 May 2015.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and
pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).