Prudentialife Plans – Termination of Plan
This is for those asking about Prudentialife Plans, the diversified pre-need firm with main address at Prudentialife Bldg., 118 Gamboa St., Legazpi Village, Makati City.
Check again because this is often confused with a different company, Philippine Prudential Life Insurance Company (PPLIC), an insurance company headquartered in Pasig City and affiliated with Danvil Plans. Prudentialife and Prudential Life are not affiliated with each other.
If you have decided to terminate your Prudentialife plans, these are the documents you need to bring to Prudentialife to apply for termination:
- Plan or policy contract (Original)
- Certificate of Full Payment (Original)
- At least two valid IDs (Photocopies signed three times)
- Benefits Settlement Application Form (3 copies)
- Processing fee of 300 pesos (to be deducted from the proceeds of the plan)
You can view or download a copy of the Benefits Settlement Application Form here.
If you like to view or download copies of a special power of attorney or affidavits, go here.
Always remember though that if you terminate your plan, you won’t get back all the money you paid. You’ll only get a small portion. The percentages are written in your plan.
But as others say, mas mabuti nang merong konti kesa wala.
I don’t have a Prudentialife plan. What I have is a Danvil plan. There was one time I also considered termination because of the pre-need crisis, but I decided to wait.
Nevertheless, we have to decide for ourselves. We gather information and then decide. Whatever happens, we have ourselves to blame or congratulate.
Main Address:
Website: www.prudentialife.com
For addresses of Prudentialife branches, go here.
OFW or Filipino Abroad — Write Your Story and Earn 2,000 Plus
In 500 to 1,000 words, write a story or an essay about something interesting in your life or work abroad, and then email it to The Philippine Star.
Philstar chooses and publishes three essays every week, and if your essay is chosen, you’ll receive 2,000 pesos, and a chance to win the first, second or third prize of 15K, 10K and 5K, respectively, in December this year.
You should be:
- 18 years old and above
- an OFW or ex-OFW
- a Filipino living abroad or has lived abroad
- a foreigner living in the Philippines
- a Filipino with a friend or relative abroad
Your essay must:
- be in American English
- about a real Filipino experience
This runs from December 1, 2009 to December 31, 2010.
Read more details and chosen essays at The Philippine Star website.
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