Corporate Retirement Plan

Philamlife's Corporate Retirement Plan is one that complies with Republic Act No. 7641 which requires that an employee retiring at age 60 must receive from his employer a retirement benefit of at least 75% of his final monthly basic salary per year of service.

Retirement plans may vary by design, from one that is fully employer-sponsored (non-contributory) to one that is purely employee financed (contributory). We may provide other benefit features besides the basic retirement plan package, such as death, disability and separation benefits.

Tax-Qualified Retirement Plan

Part of our service to our clients is to provide assistance in securing tax qualification status for the retirement plans. A tax qualification plan enjoys the following advantages:

• the employer's contribution shall be tax deductible expense to the Company
• the interest income of the fund shall be tax exempt
• the retirement benefit to be received by the employee shall also be tax-exempt provided he is at least 50 years old and has rendered at least 10 years of service

In order to assure that the retirement plans are in sound financial condition, our Actuaries subject them to periodic reviews and valuations and recommend proper level of contributions to be made to the retirement funds. These funds are trusteed with reputable banks to help ensure prudent investment.

Design of the Proposal

To enable us to design a proposal which is tailored to fit your needs and specifications, please provide us your employee listing (preferably in Excel form) inclusive of employee name or code no., date of birth, date hired and monthly basic salary. Rest assured that any information provided us will be kept confidential.

Have a Philamlife representative contact me.

for individual accountsfor corporate account