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Good news for IMG (International marketing Group) members who believes in BTID, IMG now offers Philam Term Life Insurance exclusive for IMG members at an affordable price. Just recently Philam conduct a seminar at IMG office in Manila. I have also been informed that this policy gives triple A protection (Anywhere, Anytime and Any Cause of Death).

About Philam Life

Philam Life is the largest life insurance company in the Philippines and the market leader for over 65 years now.

Philam Life ranks first among life insurance companies in the Philippines in terms of;

  • Assets
  • Investments
  • Net Income
  • Net Worth
  • Paid-up Capital*

Philam Life is a member of the AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group in the world.

The AIA Group Limited has wholly-owned main operating subsidiaries or branches in 16 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei and Sri Lanka and a 26 per cent joint venture shareholding in India.

AIA Group Limited is listed on the Hong Kong Stock Exchange.

What is BTID

Upon reading about different investment article, I believe by now you have encountered the word BTID. BTID means, Buy Term and Invest the difference. This is a common philosophy in investing as opposed to getting whole life insurance or VUL.

What is Term Life Insurance?

According to investopedia.com

A policy with a set duration limit on the coverage period. Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage end. This type of insurance policy contrasts with permanent life insurance, in which duration extends until the policy owner reaches 100 years of age (i.e. death).

These types of policies provide a stated benefit upon the death of the policy owner, provided that the death occurs within a specific time period. However, the policy does not provide any returns beyond the stated benefit, unlike permanent life insurance policies, which have a savings component that can be used for wealth accumulation.

As an example if you buy a term life insurance that covers from January 30, 2012 with a Php 1,000,000 insurance coverage,  you will then be protected by insurance for a year up until to January 29, 2013. After those dates what you have paid will not be recovered since it’s a payment for your protection for that year.


  • All bonafide members of IMG;
  • Actively performing the normal chores of life;
  • Ages 18 – 64, renewable up to age 70

What are the Benefits?

  1. Group Yearly Renewable Term Insurance (GYRT)
  2. Accidental Death, Dismemberment & Disablement Benefit (ADD&D) rider
  3. Terminal Illness Benefit (TIB) rider

OPTIONAL RIDER: Critical Illness Benefit (CIB)

How much is the Policy?

The rates provided by Philam to IMG is really affordable, as an example at the age of 36 years old, I only need to pay Php 3,630 for basic insurance + Php 2,900 for Critical Illness Benefits (CIB) with a total of Php 6,530 (This is only for this year, It will be adjusted as I increase my age). There is an insurance package up until 70 years old.

But again, this offer is only applicable to existing IMG member. If you want to be a member and you want to know more about IMG you may fill up your details below and I would be happy to give you more details about the company.