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In 2023, the Insurance Commission's 2023 report ranked Sun Life of Canada (Philippines), Inc. number 1 with P306.33 billion total assets and P8.79 billion net income. Hence, on its 129th anniversary, headed by CEO and Benedict Sison, it remained the top life insurance company for 13 consecutive years with P55.79 billion in Total Premium Income ...
Individuals with a combined income (which is adjusted gross income plus tax-free interest income plus 50% of annual Social Security income) of $25,000 or more pay taxes on some of their Social ...
Conventional with-profits contracts have a basic sum assured to which bonuses are added. The basic sum assured is the minimum amount of life assurance payable on death; for endowment contracts it is also the minimum lump sum payable at maturity. The basic sum assured attracts reversionary bonuses which are used to distribute profits to the policy.
The AIA Philippines Life and General Insurance Company Inc., (commonly known as AIA Philippines and formerly known as the Philippine American Life and General Insurance Company or Philam Life), is an insurance company based in the Philippines. As of 2020, it is one of the larger life insurance companies in the country by assets and net worth ...
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Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.