The majority of people avoid life insurance because they think it is too expensive. Given the rising expense of living, life insurance is constantly out of the budget. But most people who avoid insurance doesn’t clearly understand the role and importance of having an insurance.
Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. The premiums you pay will protect you and your family from having to deal with financial crisis. It provides a safety net so you can live life with fewer worries.
You run a greater risk than the typical individual as a modern hero of our nation. Your profession often faces danger that could lead to death thus, it is necessary to take into consideration the financial consequences of these risks and take steps to mitigate them.
At Air Materiel Wing Savings and Loan Association Inc (AMWSLAI), We are dedicated to offering our members with financial solutions that are specifically suited to their needs. To safeguard the modern heroes as they carry out the duties of their chosen professions, we created deposit products and welfare programs such as:
Bawat Miyembro Milyonaryo (BMM): A long term savings program inclusive of life insurance worth ₱500,000 until the age of 65 years old. The savings deposit matures to millions after 15 years.
Bawat Miyembro Protektado (BMP): An in-patient hospital income replacement program designed to replace lost income from hospital confinement due to the accident, injury and sickness with a monthly contribution of P100.00.
Mutual Benefit Fund (MBF): A relief fund amounting to Fifty Thousand Pesos (P50,000.00) that immediately provides financial assistance to the legal beneficiaries of a deceased member enrolled under this program. A monthly contribution of P50 for 20 years is required to avail this program.
As a member of the Armed Forces of the Philippines (AFP) or the Philippine National Police (PNP), you have dedicated your life to serving your country and protecting your fellow citizens. However, it is equally important to ensure that you and your loved ones are financially secure, especially during uncertain times. Having insurance will provide you the assurance that, no matter what occurs, you and your loved ones are geared to survive.
