What It Covers
Mortgage loan coverage for death or disability
Minimum sum assured of P500,000, maximum of P5 million
Return of premium benefit after 15 years (with 20% bonus)
No waiting period or medical underwriting
Protect Your Tomorrow Today
Poelo Mortgage Protector
Poelo Mortgage Protector is a life insurance policy designed to secure your mortgage loan, ensuring that your home is protected even if something unexpected happens. If you pass away or become disabled, the outstanding mortgage balance is paid off, safeguarding your family’s home. With the option for return of premium after 15 years, this policy offers both protection and financial rewards.
FAQ's
What does Poelo Mortgage Protector cover?
It covers the outstanding mortgage loan balance if the policyholder passes away or becomes disabled, ensuring the loan is paid off.
Can I receive a return of premiums?
Yes, if you survive 15 years, you can receive 120% of your total premiums paid as part of the return of premium benefit.
What happens if there’s remaining sum assured after the loan is paid?
Any remaining sum assured will be paid out to your beneficiaries.
Is medical underwriting required?
No, Poelo Mortgage Protector does not require medical underwriting, making it accessible to more individuals.
How long can the policy last?
The policy term coincides with the term of your mortgage loan and will end when the loan is paid off or when you reach age 70.
Benefits of the Cover
- Protects your family’s home from foreclosure
- Return of premium adds a savings element
- Flexible coverage amounts and rider options
- No medical underwriting required