Value Added Benefits
(Insurance Benefits)
(Insurance Benefits)
For the protection and by way of assistance to the PLANHOLDER and/or his family or beneficiary, ST. PETER shall maintain the following coverages, generally on a non-medical basis, provided the PLANHOLDER is within the insurable ages 18-60 years at the time of purchase of the plan.
A. Credit Life Coverage
If the PLANHOLDER dies at any time within the paying period and while this plan is still in force, the unpaid balance shall be deemed paid, subject to the limitations provided for in the master policy between ST. PETER and the insuring company.
B. Cash Assistance
If the PLANHOLDER dies at any time within the paying period and while this plan is still in force, the beneficiary of the PLANHOLDER, subject to all the conditions and limitations provided for in the master policy between ST. PETER and the insuring company, shall be entitled to a cash assistance equivalent to the Pre-Need price less the processing fee.
C. Accidental Death and Dismemberment
Within the paying period, and while this plan is still in force, the PLANHOLDER between 18-55 years old at the time of purchase of the plan, shall be indemnified for accidental loss of life, limbs and sight as a direct result of bodily injury affected solely through external and violent means sustained in an accident, provided that such loss(es) are incurred within 180 days from the date of the accident for the loss(es) to be compensable. After due proof is received within 90 days after sustaining such injury, PLANHOLDER shall be indemnified as follows:
A. Credit Life Coverage
If the PLANHOLDER dies at any time within the paying period and while this plan is still in force, the unpaid balance shall be deemed paid, subject to the limitations provided for in the master policy between ST. PETER and the insuring company.
B. Cash Assistance
If the PLANHOLDER dies at any time within the paying period and while this plan is still in force, the beneficiary of the PLANHOLDER, subject to all the conditions and limitations provided for in the master policy between ST. PETER and the insuring company, shall be entitled to a cash assistance equivalent to the Pre-Need price less the processing fee.
C. Accidental Death and Dismemberment
Within the paying period, and while this plan is still in force, the PLANHOLDER between 18-55 years old at the time of purchase of the plan, shall be indemnified for accidental loss of life, limbs and sight as a direct result of bodily injury affected solely through external and violent means sustained in an accident, provided that such loss(es) are incurred within 180 days from the date of the accident for the loss(es) to be compensable. After due proof is received within 90 days after sustaining such injury, PLANHOLDER shall be indemnified as follows:
* Loss of Life ................................... Pre-Need Price
* Loss of Both Hands, or Both
Feet or Sight of Both Eyes or
One Hand & One Foot, or
One Hand & Sight of One Eye
One Foot & Sight of One Eye ........... Pre-Need Price
* Loss of One Hand or One Foot
or Sight of One Eye ........................ One-Half of Pre-Need Price
However, said benefits shall be subject the standard exception and automatic discontinue provisions stipulated under the master policy between ST. PETER and the insuring company.
D. Waiver of Installment
The PLANHOLDER is exempted from paying the installment if he/she will become disabled and such disability continues uninterrupted for a period of at least six (6) months.
E. Extended Cash Assistance
Upon death of the PLANHOLDER within five (5) years after full payment of the plan or up to his/her 65th birthday, whichever comes first, a CASH ASSISTANCE equivalent to the Pre-Need price less the processing fee shall be provided the beneficiary. In case of spot cash purchases, the extended cash assistance shall be for ten (10) years or up to the PLANHOLDER's 65th birthday, whichever comes first.
D. Waiver of Installment
The PLANHOLDER is exempted from paying the installment if he/she will become disabled and such disability continues uninterrupted for a period of at least six (6) months.
E. Extended Cash Assistance
Upon death of the PLANHOLDER within five (5) years after full payment of the plan or up to his/her 65th birthday, whichever comes first, a CASH ASSISTANCE equivalent to the Pre-Need price less the processing fee shall be provided the beneficiary. In case of spot cash purchases, the extended cash assistance shall be for ten (10) years or up to the PLANHOLDER's 65th birthday, whichever comes first.
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